Albany International (AIN) 10-K 26 Feb 25 2024 FY Annual report Financial data

Cover

Cover - USD ($) shares in Millions, $ in Billions	12 Months Ended
	Dec. 31, 2024	Feb. 18, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-10026
Entity Registrant Name	ALBANY INTERNATIONAL CORP.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	216 Airport Drive
Entity Address, City or Town	Rochester
Entity Address, State or Province	NH
Entity Tax Identification Number	14-0462060
Entity Address, Postal Zip Code	03867
City Area Code	603
Local Phone Number	330-5850
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	AIN
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 2.6
Entity Common Stock, Shares Outstanding		30.9
Documents Incorporated by Reference	Portions of the Registrant’s Proxy Statement for the Annual Meeting of Shareholders to be held on May 16, 2025.
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Central Index Key	0000819793

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Albany, New York
Auditor Firm ID	185

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net revenues	$ 1,230,615	$ 1,147,909	$ 1,034,887
Cost of goods sold	828,839	724,191	645,105
Gross profit	401,776	423,718	389,782
Selling, general and administrative expenses	210,882	214,915	168,713
Technical and research expenses	46,097	40,627	39,941
Restructuring expenses, net	13,438	282	106
Operating income	131,359	167,894	181,022
Interest income	(4,064)	(6,566)	(3,835)
Interest expense	16,613	20,167	17,835
Pension settlement expense	0	0	49,128
Other (income)/expense, net	1,721	(6,163)	(14,086)
Income before income taxes	117,089	160,456	131,980
Income tax expense	29,034	48,846	35,472
Net income	88,055	111,610	96,508
Net income attributable to the noncontrolling interest	432	490	746
Net income attributable to the Company	$ 87,623	$ 111,120	$ 95,762
Earnings per share:
Basic earnings per share attributable to Company shareholders (in dollars per share)	$ 2.81	$ 3.56	$ 3.06
Diluted earnings per share attributable to Company shareholders (in dollars per share)	2.80	3.55	3.04
Dividends declared per share (in dollars per share)	$ 1.05	$ 1.01	$ 0.88
Weighted average shares outstanding:
Basic (in shares)	31,231	31,171	31,339
Diluted (in shares)	31,338	31,276	31,455

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 88,055	$ 111,610	$ 96,508
Other comprehensive income, before tax:
Foreign currency translation and other adjustments	(56,551)	18,593	(40,971)
Reclassification of loss on pension settlement	0	0	42,657
Pension/postretirement plan remeasurement	3,888	4,302	(2,292)
Amortization of pension and postretirement liability adjustments:
Prior service credit	(150)	(4,122)	(4,497)
Net actuarial loss	613	1,383	3,260
Payments and amortization related to interest rate swaps included in earnings	(13,547)	(15,062)	468
Derivative valuation adjustment	1,261	3,512	25,396
Income taxes related to items of other comprehensive income:
Reclassification of loss on pension settlement	0	0	(16,459)
Pension/postretirement plan remeasurement	(1,283)	(673)	(370)
Amortization of pension and postretirement liability adjustments	(153)	904	408
Payments and amortization related to interest rate swaps included in earnings	3,419	3,811	(118)
Derivative valuation adjustment	(318)	(889)	(6,425)
Comprehensive income	25,234	123,369	97,565
Comprehensive income/(loss) attributable to the noncontrolling interest	(543)	949	856
Comprehensive income attributable to the Company	$ 25,777	$ 122,420	$ 96,709

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 115,283	$ 173,420
Accounts receivable, net	246,688	287,781
Contract assets, net	166,557	182,281
Inventories	145,845	169,567
Income taxes prepaid and receivable	19,187	11,043
Prepaid expenses and other current assets	37,132	53,872
Total current assets	730,692	877,964
Property, plant and equipment, net	563,431	601,989
Intangibles, net	38,127	44,646
Goodwill	176,261	180,181
Deferred income taxes	28,757	22,941
Noncurrent receivables, net	0	4,392
Other assets	111,428	102,901
Total assets	1,648,696	1,835,014
Current liabilities:
Accounts payable	66,095	87,104
Accrued liabilities	141,904	142,988
Current maturities of long-term debt	0	4,218
Income taxes payable	18,367	14,369
Total current liabilities	226,366	248,679
Long-term debt	318,531	452,667
Other noncurrent liabilities	138,830	139,385
Deferred taxes and other liabilities	16,022	26,963
Total liabilities	699,749	867,694
Commitments and Contingencies (Note 21)
Shareholders’ Equity:
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued	0	0
Additional paid-in capital	452,933	448,218
Retained earnings	1,065,763	1,010,942
Accumulated items of other comprehensive income:
Translation adjustments	(181,555)	(124,901)
Pension and postretirement liability adjustments	(14,328)	(17,346)
Derivative valuation adjustment	(106)	9,079
Treasury stock (Class A), at cost; 9,844,746 shares in 2024 and 9,661,845 in 2023	(379,210)	(364,665)
Total Company shareholders’ equity	943,538	961,368
Noncontrolling interest	5,409	5,952
Total shareholders' equity	948,947	967,320
Total liabilities and shareholders’ equity	1,648,696	1,835,014
Common Class A
Shareholders’ Equity:
Class A Common Stock, par value $0.001 per share; authorized 100,000,000 shares; issued 40,917,539 in 2024 and 40,856,910 in 2023	$ 41	$ 41

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Preferred stock, par or stated value per share (in dollars per share)	$ 5	$ 5
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Treasury stock, shares (in shares)	9,844,746	9,661,845
Common Class A
Common stock, par or stated value per share (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares, issued (in shares)	40,917,539	40,856,910

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
OPERATING ACTIVITIES
Net income	$ 88,055	$ 111,610	$ 96,508
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	82,452	70,374	62,480
Amortization	6,842	6,359	6,569
Change in deferred taxes and other liabilities	(15,331)	(2,046)	(8,496)
Impairment of property, plant, equipment, and inventory	2,038	1,773	1,808
Non-cash interest expense	1,025	1,404	1,118
Non-cash portion of pension settlement expense	0	0	42,657
Compensation and benefits paid or payable in Class A Common Stock	4,715	6,936	4,527
Provision/(recovery) for credit losses from uncollected receivables and contract assets	310	640	1,408
Foreign currency remeasurement (gain)/loss on intercompany loans	81	(2,831)	(4,434)
Fair value adjustment on foreign currency options	0	(139)	(509)
Gain on sale of assets	(513)	0	0
Changes in operating assets and liabilities that provided/(used) cash, net of impact of business acquisition:
Accounts receivable	31,764	(11,038)	(14,301)
Contract assets	12,289	(32,156)	(36,434)
Inventories	14,627	15,093	(24,541)
Prepaid expenses and other current assets	4,002	1,530	(4,134)
Income taxes prepaid and receivable	(8,574)	(2,897)	(6,005)
Accounts payable	(3,084)	(5,672)	8,572
Accrued liabilities	(1,275)	(10,441)	3,226
Income taxes payable	6,918	(1,988)	183
Noncurrent receivables	(780)	3,723	3,911
Other noncurrent liabilities	(7,702)	(9,783)	(10,133)
Other, net	582	7,605	4,234
Net cash provided by operating activities	218,441	148,056	128,214
INVESTING ACTIVITIES
Purchase of business, net of cash acquired	0	(133,470)	0
Purchases of property, plant and equipment	(80,249)	(83,560)	(93,675)
Purchased software	(958)	(869)	(2,673)
Proceeds received from sale of assets	1,027	0	0
Net cash used in investing activities	(80,180)	(217,899)	(96,348)
FINANCING ACTIVITIES
Proceeds from borrowings	145,595	78,040	162,000
Principal payments on debt	(279,838)	(92,274)	(73,000)
Principal payments on finance lease liabilities	0	0	(654)
Debt acquisition costs	0	(4,108)	0
Purchase of Treasury shares	(14,175)	0	(84,780)
Taxes paid in lieu of share issuance	(2,931)	(3,136)	(770)
Proceeds from options exercised	0	0	17
Dividends paid	(32,483)	(31,163)	(26,465)
Net cash used in financing activities	(183,832)	(52,641)	(23,652)
Effect of exchange rate changes on cash and cash equivalents	(12,566)	4,128	(18,474)
Increase/(decrease) in cash and cash equivalents	(58,137)	(118,356)	(10,260)
Cash and cash equivalents at beginning of period	173,420	291,776	302,036
Cash and cash equivalents at end of period	$ 115,283	$ 173,420	$ 291,776

Accounting Policies

Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies Basis of Consolidation and Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") and include the accounts of Albany International Corp. and its subsidiaries (the Company, Albany, we, us, or our) after elimination of intercompany transactions. Certain prior year amounts have been reclassified in order to conform to current year presentation. Global information system costs previously included in Corporate expenses are allocated to the segments. Management believes this presentation better reflects the performance of the segments and is how management will review segment performance on a going forward basis. See Note 3, Reportable Segments and Geographical Data, of the Notes to the Consolidated Financial Statements for more information on our segments. On August 31, 2023, the Company completed the acquisition of Heimbach GmbH ("Heimbach"), a privately-held manufacturer of paper machine clothing and technical textiles, as further described in Note 24, Business Combination , of the Notes to the Consolidated Financial Statements of our 2023 Annual Report on Form 10-K . The financial results of the acquired company are included in the Machine Clothing reportable segment since the date of the acquisition. The Company owns 90% of the common equity of Albany Safran Composites, LLC ("ASC") which is reported within the Albany Engineered Composites segment. The Company also owns 85% of Arcari, SRL ("Arcari"), a manufacturer of textile and plastic industrial technical products and conveyor belts, which is a subsidiary of Heimbach GmbH, the paper machine clothing manufacturer recently acquired by the Company and reported within the Machine Clothing segment. Additional information regarding noncontrolling interest is included in Note 10, Noncontrolling Interest , of the Notes to the Consolidated Financial Statements. Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used in the accounting for, among others, revenue recognition, contract profitability, allowances for doubtful accounts, rebates and sales allowances, inventory allowances, financial instruments, including derivatives, pension and other postretirement benefits, goodwill and intangible assets, contingencies, income taxes, and other accruals. Our estimates are based on historical experience and on various other assumptions, which are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may materially differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of any revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Revenue Recognition In our Machine Clothing ("MC") business segment, we recognize revenue at the point in time when we satisfy our performance obligations related to the manufacture and delivery of products. In our Albany Engineered Composites ("AEC") business segment, revenue from most long-term contracts is generally recognized over time using an input method as the measure of progress. The amount of revenue in excess of progress billings on long-term contracts is included in Contract assets, net, which represent rights to consideration that are conditional on something other than the passage of time, such as completion of remaining performance obligations. For over time contracts, we are required to limit our estimate of contract values to the period of the legally enforceable contract. While certain contracts are expected to be profitable over the course of the program life when including expected renewals, our estimate of contract revenues and costs is limited to the estimated value of enforceable rights and obligations, excluding anticipated renewals. This contract period may result in a loss contract provision at contract inception. Expected losses on projects include losses on contract options that are probable of exercise, excluding profitable options that may follow. For contracts with anticipated losses, a provision for the entire amount of the estimated remaining loss is charged against income in the period in which the loss becomes known. Contract losses are determined considering all direct and indirect contract costs, exclusive of any selling, general or administrative cost allocations, which are treated as period expenses. Products and services provided under long-term contracts represent a significant portion of Net revenues in the AEC segment. We have a contract with a major customer for which revenue is recognized under a cost-plus-fee agreement. We also have fixed price long-term contracts, for which we use the percentage of completion (incurred cost to total estimated cost) method. That method requires significant judgment and estimation, which could be considerably different if the underlying circumstances were to change. When adjustments in estimated contract revenues or costs are required, any changes from prior estimates are included in earnings in the period the change occurs. Additional accounting policies related to revenue from contracts with customers are set forth in Note 2, Revenue Recognition , of the Notes to the Consolidated Financial Statements. We limit the concentration of credit risk in receivables by closely monitoring credit and collection policies. We record allowances for sales returns as a deduction in the computation of Net revenues. Such provisions are recorded on the basis of written communication with customers and/or historical experience. Any value added taxes that are imposed on sales transactions are excluded from Net revenues. Cost of Goods Sold Cost of goods sold includes the cost of materials, provisions for obsolete inventories, labor and supplies, shipping and handling costs, depreciation of manufacturing facilities and equipment, purchasing, receiving, warehousing, and other expenses. Cost of goods sold also includes provisions for loss contracts and charges for the write-off of inventories that result from an exit activity. Selling, General, and Administrative ("SG&A") Expenses Selling, general, and administrative expenses are primarily comprised of wages, incentive compensation, benefits, travel, professional fees, revaluation of trade foreign currency balances, global information system costs, and other costs, and are expensed as incurred. Selling expense includes costs related to contract acquisition and provisions for expected credit losses on financial assets measured at amortized cost. Technical and Research Expenses Technical and research expenses are charged to operations as incurred and consist primarily of compensation, supplies, and professional fees incurred in connection with intellectual property. The AEC segment participates in both company-sponsored, and customer-funded research and development. Some customer-funded research and development may be on a cost-sharing basis and considered to be a collaborative arrangement, in which case both parties are active participants and are exposed to the risks and rewards dependent on the success of the activity. In such cases, amounts charged to the collaborating entity are credited against research and development expense. For customer-funded research and development in which we anticipate funding to exceed expenses, we include amounts charged to the customer in Net revenues, while expenses are included in Cost of goods sold. Restructuring Expense We may incur expenses related to exiting a line of business or restructuring of our operations or organizational structure, which could include employee termination costs, costs to consolidate or close facilities, or costs to terminate contractual relationships. Restructuring expenses may also include impairment of Property, plant and equipment, as described below under “Property, Plant and Equipment.” Employee termination costs include severance pay and social costs for periods after employee service is completed. Termination costs related to an ongoing benefit arrangement are recognized when the amount becomes probable and estimable. Termination costs related to a one- time benefit arrangement are recognized at the communication date to employees. Costs related to contract termination, relocation of employees, outplacement and the consolidation or the closure of facilities, are recognized when incurred. Income Taxes Deferred income taxes are recognized for the tax consequences of temporary differences and tax attributes by applying enacted statutory tax rates applicable for future years to differences between existing assets and liabilities for financial reporting and income tax return purposes. The effect of tax rate changes on deferred taxes is recognized in the income tax provision in the period that includes the enactment date. A valuation allowance is established, as needed, to reduce net deferred tax assets to the amount expected to be realized. In the event it becomes more likely than not that some or all of the deferred tax asset valuation allowances will not be needed, the valuation allowance will be adjusted. In the ordinary course of business there is inherent uncertainty in quantifying our income tax positions. We assess our income tax positions and record tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting date. For those tax positions where it is more likely than not that a tax benefit will be sustained, we have determined the amount of the tax benefit to be recognized by estimating the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more likely than not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Where applicable, associated interest and penalties have also been recognized. We recognize accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. We have not elected to reclassify stranded tax effects from Accumulated items of other comprehensive income (AOCI) to retained earnings. Earnings Per Share Basic net income or loss per share is computed using the weighted average number of shares of Class A Common Stock outstanding during each year. Diluted net income per share includes the effect of all potentially dilutive securities. If we report a net loss from continuing operations, the diluted loss per share is equal to the basic earnings per share calculation. Translation of Financial Statements Assets and liabilities of non-U.S. operations are translated at year-end rates of exchange, and the income statement accounts are translated at average monthly exchange rates. Gains or losses resulting from translating non-U.S. currency financial statements into U.S. dollars are recorded in other comprehensive income and accumulated in Shareholders’ equity in the caption “Translation adjustments.” Selling, general, and administrative expenses include foreign currency gains and losses resulting from third party balances, such as receivables and payables, which are denominated in a currency other than the entity’s functional currency. Gains or losses resulting from cash and short-term intercompany loans and balances denominated in a currency other than the entity’s functional currency, and foreign currency options are generally included in Other expense, net. Gains and losses on long-term intercompany loans not intended to be repaid in the foreseeable future are recorded in other comprehensive income. The following table summarizes foreign currency transaction gains and losses recognized in the income statement: Years ended December 31, (in thousands) 2024 2023 2022 (Gains)/losses included in: Selling, general, and administrative expenses $ (4,495) $ 4,181 $ (554) Other (income)/expense, net (3,900) (2,916) (9,996) Total transaction (gains)/losses $ (8,395) $ 1,265 $ (10,550) Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid short-term investments with original maturities of three months or less. Accounts Receivable Accounts receivable includes trade and other accounts receivables and Bank promissory notes. In connection with certain sales in Asia Pacific, the Company accepts a bank promissory note as customer payment. The notes may be presented for payment at maturity, which is less than one year. In accordance with ASC 326, Current Expected Credit Losses ("CECL"), the Company recognizes an allowance for expected credit losses on financial assets measured at amortized cost, such as Accounts receivable, Contract assets and Noncurrent receivables. The allowance is determined using a CECL model that is based on an historical average three-year loss rate and is measured by financial asset type on a collective (pool) basis when similar risk characteristics exist, at an amount equal to lifetime expected credit losses. The estimate reflects the risk of loss due to credit default, even when the risk is remote, and considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable expected future economic conditions. The Company also has had Noncurrent receivables in the AEC segment that represent revenue earned which had extended payment terms. See additional information set forth in Note 11, Accounts Receivable , of the Notes to the Consolidated Financial Statements. Contract Assets and Contract Liabilities Contract assets includes unbilled amounts typically resulting from sales under contracts when the cost-to-cost method of revenue recognition is utilized, and revenue recognized exceeds the amount billed to the customer. Contract assets are transferred to Accounts receivable, net, when the entitlement to payment becomes unconditional. Contract liabilities include advance payments and billings in excess of revenue recognized. Contract liabilities are included in Accrued liabilities in the Consolidated Balance Sheet. See additional information set forth in Note 12, Contract Assets and Liabilities , of the Notes to the Consolidated Financial Statements. Inventories Costs included in inventories are raw materials, labor, supplies and allocable depreciation and overhead. Raw materials inventory is valued on an average cost basis. Other inventory cost elements are valued at cost, using the first-in, first-out method. The Company writes down the inventories for estimated obsolescence, and to lower of cost or net realizable value based upon assumptions about future demand and market conditions. Write-downs of inventories are charged to Cost of goods sold. If actual demand or market conditions are less favorable than those projected by the Company, additional inventory write-downs may be required. Once established, the original cost of the inventory less the related write-down represents the new cost basis of such inventories. See additional information set forth in Note 2, Revenue Recognition , and Note 13, Inventories , of the Notes to the Consolidated Financial Statements. Leases We determine if an arrangement is a lease at inception. A contract is, or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, we assess whether: • The contract involves the use of an identified asset. This may be specified explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset, • The lessee has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use, and • The lessee has the right to direct the use of the asset, which is demonstrated when the lessee has decision-making rights that are most relevant to changing how and for what purpose the asset is used. Judgment is required in the determination of whether a contract contains a lease, the appropriate classification, allocation of consideration, and the determination of the discount rate for the lease. Key estimates and judgments include how the Company determines (1) the discount rate it uses to discount the unpaid lease payments to present value, (2) lease term and (3) lease payments. We have certain lease agreements with lease and non-lease components. For most of these leases, we account for the lease and non-lease components as a single lease component, in accordance with the practical expedient that is available for ongoing accounting. Additionally, for certain other leases, such as for vehicles, we apply a portfolio approach. Such new leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Expenses related to operating leases are recognized on a straight-line basis, while those determined to be finance leases are recognized following a front-loaded expense profile, in which interest and amortization are presented separately in the income statement. Operating lease right of use asset ("ROU") assets are included in Other assets in the Consolidated Balance Sheets, while finance lease ROU assets are included in Property, plant, and equipment, net. Lease liabilities for both operating and finance leases are included in Accrued liabilities and Other noncurrent liabilities in the Consolidated Balance Sheets. See additional information set forth in Note 20, Leases , of the Notes to the Consolidated Financial Statements. Debt The Company relies on bank financing as an important source of liquidity for business activities. Outstanding debt is classified as current or long-term based on the maturity of the Company's financing arrangements. See additional information set forth in Note 17, Financial Instruments , of the Notes to the Consolidated Financial Statements. Property, Plant and Equipment Property, plant and equipment are recorded at cost, or if acquired as part of a business combination, at fair value. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets for financial reporting purposes. In some cases, accelerated methods are used for income tax purposes. Significant additions or improvements extending assets’ useful lives are capitalized; normal maintenance and repair costs are expensed as incurred. The cost of fully depreciated assets remaining in use is included in the respective asset and accumulated depreciation accounts. When items are sold or retired, related gains or losses are included in Net income. Computer software purchased for internal use, at cost, is amortized on a straight-line basis over five We capitalize internal and external costs incurred related to the software development stage . Capitalized salaries, travel, and consulting costs related to the software development totaled $1.2 million in 2024 and was not material in 2023. We review the carrying value of property, plant and equipment and other long-lived assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. See additional information set forth in Note 14, Property, Plant and Equipment, Net , of the Notes to the Consolidated Financial Statements. Business Combinations The total purchase consideration for an acquisition is measured at the fair value of the assets acquired and liabilities assumed as of the acquisition date. Costs that are directly attributable to the acquisition are expensed as incurred. Identifiable assets acquired, liabilities assumed, and noncontrolling interests in an acquisition are measured initially at their fair values at the acquisition date. We recognize goodwill if the fair value of the total purchase consideration and any noncontrolling interest is in excess of the net fair value of the identifiable assets acquired and the liabilities assumed. We include the results of operations of the acquired business in the consolidated financial statements beginning on the acquisition date. Goodwill, Intangibles, and Other Assets Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. Intangible assets from acquired businesses are recognized at fair value on the acquisition date and consist of customer relationships, customer contracts, technology, intellectual property and other intangible assets. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually. We perform an impairment test of our goodwill at least annually in the second quarter or more frequently whenever events or changes in circumstances indicate the carrying value of goodwill may be impaired. Such events or changes in circumstances may include a significant deterioration in overall economic conditions, changes in the business climate of our industry, a decline in our market capitalization, operating performance indicators, competition, reorganizations of our business, or the disposal of all or a portion of a reporting unit. Our goodwill has been allocated to and is tested for impairment at a level referred to as the reporting unit, which is our business segment level or a level below the business segment. The level at which we test goodwill for impairment requires us to determine whether the operations below the business segment constitute a self-sustaining business for which discrete financial information is available and segment management regularly reviews the operating results. We may use qualitative or quantitative approaches when testing goodwill for impairment. When we use the qualitative approach, we perform a qualitative evaluation of events and circumstances impacting the reporting unit to determine the likelihood of goodwill impairment. Based on that qualitative evaluation, if we determine it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, no further evaluation is necessary. Otherwise, we perform a quantitative impairment test. To perform the quantitative impairment test, we compare the fair value of a reporting unit to its carrying value, including goodwill. If the fair value of a reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of the reporting unit, including goodwill, exceeds its fair value, a goodwill impairment loss is recognized in an amount equal to that excess. Determining the fair value of a reporting unit requires the use of significant estimates and assumptions, including revenue growth rates, operating margins, discount rates, and future market conditions, among others. To determine fair value, we utilize two market-based approaches and an income approach. Under the market-based approaches, we utilize information regarding the Company, as well as publicly available industry information, to determine earnings multiples. Under the income approach, we determine fair value based on estimated future cash flows of each reporting unit, discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk of a reporting unit and the rate of return an outside investor would expect to earn. Impairment assessments inherently involve management judgments regarding a number of assumptions such as those described above. Due to the many variables inherent in the estimation of a reporting unit’s fair value and the relative size of our recorded goodwill, differences in assumptions could have a material effect on the estimated fair value of one or more of our reporting units and could result in a goodwill impairment charge in a future period. See additional information set forth in Note 15, Goodwill and Other Intangible Assets , of the Notes to the Consolidated Financial Statements. For some AEC contracts, we perform pre-production or nonrecurring engineering services. These costs are normally considered a fulfillment activity, rather than a performance obligation. Fulfillment activities that create resources that will be used in satisfying performance obligations in the future, and are expected to be recovered, are capitalized to Other assets, which is classified as a noncurrent asset in the Consolidated Balance Sheets. The capitalized costs are amortized into Cost of goods sold over the period over which the asset is expected to contribute to future cash flows, which includes anticipated renewal periods. Included in Other assets is $17.0 million in 2024 and $19.3 million in 2023 for defined benefit pension plans where plan assets exceed the projected benefit obligations. Other assets also include financial assets of $0.6 million in 2024 and $0.7 million in 2023. See additional information set forth in Note 18, Fair-Value Measurements , of the Notes to the Consolidated Financial Statements. Stock-Based Compensation We have incentive compensation plans that authorize the issuance of stock-based awards for key employees, which are designed to reward short and long-term contributions and provide incentives for recipients to remain with the Company. We issue stock-based awards in the form of restricted stock units and performance stock units that generally vest between one Stock-Based Compensation , of the Notes to the Consolidated Financial Statements. Derivatives From time to time, we use derivatives to mitigate potentially large adverse effects from changes in currency exchange rates and interest rates. We monitor our exposure to these risks and evaluate, on an ongoing basis, the risk of potentially large adverse effects versus the costs associated with hedging such risks. We may use interest rate swaps in the management of interest rate exposures and foreign currency derivatives to manage foreign currency exposure related to assets and liabilities (including net investments in subsidiaries located outside the U.S.) denominated in foreign currencies. When we enter into a derivative contract, we make a determination whether the transaction is deemed to be a hedge for accounting purposes. For those contracts deemed to be a hedge, we formally document the relationship between the derivative instrument and the risk being hedged. In this documentation, we specifically identify the asset, liability, forecasted transaction, cash flow, or net investment that has been designated as the hedged item, and evaluate whether the derivative instrument is expected to reduce the risks associated with the hedged item. To the extent these criteria are not met, we do not use hedge accounting for the derivative. All derivative contracts are recorded at fair value, as a net asset or a net liability on the Consolidated Balance Sheets. The changes in fair values of derivative contracts are recorded each period in earnings or accumulated other comprehensive income, depending on whether a derivative is effective as part of the hedged transaction. Gains and losses on derivative contracts reported in accumulated other comprehensive income are subsequently included in earnings in the periods in which earnings are affected by the hedged item. For transactions that are designated as an effective hedge, we perform an evaluation of the effectiveness of the hedge on the date of inception and on an ongoing basis. The related gains and losses of derivative instruments, including those designated in hedge accounting relationships, are included as operating activities in the Consolidated Statements of Cash Flows. For derivatives that are designated and qualify as hedges of net investments in subsidiaries located outside the U.S., changes in the fair value of derivatives are reported in other comprehensive income as part of Translation adjustments. The Company does not engage in derivative instruments for speculative or trading purposes. See Note 17, Financial Instruments, of the Notes to the Consolidated Financial Statements for additional information. Pension, Postretirement, and Other Benefit Plans As described in Note 4, Pension, Postretirement, and Other Benefit Plans , of the Notes to the Consolidated Financial Statements, we have pension and postretirement benefit plans covering substantially all employees. The pension plans are generally trusteed or insured, and accrued amounts are funded as required in accordance with governing laws and regulations. The annual expense and liabilities recognized for defined benefit pension plans and postretirement benefit plans are developed from actuarial valuations. Inherent in these valuations are key assumptions, including discount rates and expected return on plan assets, which are updated on an annual basis. We consider current market conditions, including changes in interest rates, in determining these assumptions. Discount rate assumptions are based on the population of plan participants and a mixture of high-quality fixed-income investments with durations that match expected future payments. The assumption for expected return on plan assets is based on historical and expected returns on various categories of plan assets. Government Grants The Company recognizes government grants only when there is reasonable assurance that we will comply with the conditions attached to them and the grants will be received. Government grants are recognized in the Consolidated Statements of Income on a systematic basis over the periods in which we recognize as expenses the related costs for which the grants are intended to compensate. A government grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognized in the Consolidated Statements of Income of the period in which it becomes receivable. Recent Accounting Pronouncements New Accounting Standards Adopted In November 2023, the FASB issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The guidance is to be applied retrospectively to all prior periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The adoption of this standard had an impact on the segment disclosures presented in this Annual Report on Form 10-K, however, there was no impact to the results of operations, cash flows, and financial condition. See Note 3, Reportable Segments and Geographic Data , of the Notes to the Consolidated Financial Statements for additional information. New Accounting Standards Not Yet Adopted In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. The guidance

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition We account for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance, and collectability of consideration is probable. Revenue is measured based on the consideration specified in the contract with the customer, and excludes any amounts collected on behalf of third parties. We recognize revenue when we satisfy a performance obligation by transferring control over a product or service, or a series of distinct goods or services, to the customer which occurs either at a point in time, or over time, depending on the performance obligation in the contract. A performance obligation is a promise in the contract to transfer a distinct good or service to the customer, and is the unit of account. “Control” refers to the ability to direct the use of, and obtain substantially all of the remaining benefits from the product. A contract’s transaction price is allocated to each material distinct performance obligation and is recognized as revenue when, or as, the performance obligation is satisfied. In our MC segment, our primary performance obligation in most contracts is to provide solution-based, custom-designed fabrics and belts to the customer. We satisfy this performance obligation upon transferring control of the product to the customer at a specific point in time. Contracts with customers in the MC segment have various terms that can affect the point in time when revenue is recognized. Generally, the customer obtains control when the product has been received at the location specified by the customer, at which time the only remaining obligations under the contract may be fulfillment costs, in the form of shipping and handling, which are accrued when control of the product is transferred. In the MC segment, contracts with certain customers may also obligate us to provide various product-related services at no additional cost to the customer. When this obligation is material in the context of the contract with the customer, we recognize a separate performance obligation and allocate revenue to those services on a relative estimated standalone selling price basis. The standalone selling price for these services is determined based upon an analysis of the services offered and an assessment of the price we might charge for such services as a separate offering. As we typically provide such services on a stand-ready basis, we recognize this revenue over time. Revenue allocated to such service performance obligations is the only MC revenue that is recognized over time. In our AEC segment, we primarily enter into contracts to manufacture and deliver highly engineered advanced composite products to our customers. A significant portion of AEC revenue is earned under a mix of short duration and long duration, firm-fixed-price orders that are placed under master agreements that contain general terms and conditions applicable to all orders placed under the master agreements. We assess each contract at its inception to determine whether it should be combined with other contracts. When making this determination we consider factors such as whether two or more contracts were negotiated and executed at or near the same time or were negotiated with an overall profit objective. If combined, we treat the combined contracts as a single contract for revenue recognition purposes. We evaluate the products or services promised in each contract at inception to determine whether the contract should be accounted for as having one or more performance obligations. For most AEC contracts, the nature of our promise (or our performance obligation) to the customer is to provide a significant service of integrating a complex set of tasks and components into a single project or capability, which will often result in the delivery of multiple highly interdependent and interrelated units. At the inception of a contract, we determine the transaction price based on the consideration we expect to receive for the products or services being provided under the contract. For contracts where a portion of the price may vary, we estimate variable consideration at the most likely amount, which is included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur. We analyze the risk of a significant revenue reversal and if necessary, constrain the amount of variable consideration recognized in order to mitigate this risk. We estimate the transaction price based on our current rights, and do not contemplate future modifications (including unexercised options) or follow-on contracts until they become legally enforceable. Many AEC contracts are subsequently modified to include changes in specifications, requirements or price, which may create new or change existing enforceable rights and obligations. Depending on the nature of the modification, we consider whether to account for the modification as an adjustment to the existing contract or as a separate contract. Generally, we are able to conclude that such modifications are not distinct from the existing contract, due to the significant integration of the obligations, and the interrelated nature of tasks, provided for in the modification and the existing contract. Therefore, such modifications are accounted for as if they were part of the existing contract, and we accumulate the values of such modifications in our estimates of contract value. Revenue is recognized over time for substantially all of our contracts in AEC as most of our contracts have provisions that are deemed to transfer control to the customer over time. Revenue is recognized based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress toward completion requires judgment and is based on the nature of the products or services to be provided. We generally use the cost-to-cost measure of progress for our contracts because it best depicts the transfer of assets to the customer which occurs as we incur costs to produce the contract deliverables. Under the cost-to-cost measure of progress, the extent of progress toward completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenue, including profit, is recorded proportionally as costs are incurred. Accounting for long-term contracts requires significant judgment and estimation, which could be considerably different if the underlying circumstances were to change. When any adjustments of estimated contract revenue or costs are required, any changes from prior estimates are included in revenues or earnings in the period in which the change occurs. The sum of net adjustments to the estimated profitability of long-term contracts decreased AEC Operating income by $43.2 million and $4.1 million in 2024 and 2023, respectively, and increased AEC Operating income by $0.5 million in 2022. The unfavorable effects in 2024 related to higher labor, material and scrap costs. The negative change in estimated profitability in 2024 was primarily driven by a few large complex programs, including approximately $25.5 million for the various CH-53K programs, $11.4 million on our Gulfstream program, $3.9 million on our F-35 program, and $2.2 million on our GE Platforms program. The unfavorable effects in 2023 related to additional reserves taken on certain contracts and inflationary factors decreasing anticipated margins. The favorable effects in 2022 were largely due to changes in customer demand and to a lesser extent, efficiency improvements during the ramp-up of several programs. In other AEC contracts, revenue is recognized at a point in time because the products are offered to multiple customers, or we do not have an enforceable right to payment until the product is shipped or delivered to the location specified by the customer in the contract. AEC’s largest source of revenue is derived from the LEAP contract (see Note 10, Noncontrolling Interest , of the Notes to the Consolidated Financial Statements) under a cost-plus-fee agreement. The fee may vary within a narrow range based on our success in achieving certain cost targets. Revenue is recognized over time as costs are incurred. Under this contract, there is judgment involved in determining applicable contract costs and expected margin, and therefore, in determining the amount of revenue to be recognized. Payment terms granted to MC and AEC customers reflect general competitive practices. Terms vary with product, competitive conditions, and the country of operation. The following table provides a summary of the composition of each business segment: Segment Product Group Principal Product or Service Principal Locations Machine Clothing (MC) Machine Clothing Paper machine clothing: Permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, and pulp World-wide Albany Engineered Composites (AEC) Albany Safran Composites (ASC) Airframe and engine Components (Other AEC) 3D-woven, injected composite components for aircraft engines Rochester, NH Commercy, France Queretaro, Mexico We disaggregate revenue earned from contracts with customers for each of our business segments and product groups based on the timing of revenue recognition, and groupings used for internal review purposes. The following table presents disaggregated revenue for each product group by timing of revenue recognition: For the year ended December 31, 2024 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 745,978 $ 3,929 $ 749,907 Albany Engineered Composites ASC — 175,888 175,888 Other AEC 19,518 285,302 304,820 Total Albany Engineered Composites 19,518 461,190 480,708 Total net revenues $ 765,496 $ 465,119 $ 1,230,615 For the year ended December 31, 2023 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 666,990 $ 3,778 $ 670,768 Albany Engineered Composites ASC — 184,184 184,184 Other AEC 20,546 272,411 292,957 Total Albany Engineered Composites 20,546 456,595 477,141 Total net revenues $ 687,536 $ 460,373 $ 1,147,909 For the year ended December 31, 2022 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 605,863 $ 3,598 $ 609,461 Albany Engineered Composites ASC — 165,775 165,775 Other AEC 19,167 240,484 259,651 Total Albany Engineered Composites 19,167 406,259 425,426 Total net revenues $ 625,030 $ 409,857 $ 1,034,887 The following table disaggregates MC segment revenue by significant product groupings (paper machine clothing (PMC) and engineered fabrics), and, for PMC, the geographical region to which the paper machine clothing was sold: Years ended December 31, (in thousands) 2024 2023 2022 Americas PMC $ 341,204 $ 349,544 $ 321,170 Eurasia PMC 301,436 250,048 207,115 Engineered Fabrics 107,267 71,176 81,176 Total Machine Clothing net revenues $ 749,907 $ 670,768 $ 609,461 We do not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less. Contracts in the MC segment are generally for periods of less than a year. Most contracts in the AEC segment are a mix of short duration and long duration firm-fixed-price orders, many representing performance obligations with an original maturity of less than one year. Remaining performance obligations on contracts that had an original duration of greater than one year totaled $1.1 billion as of December 31, 2024, $1.2 billion as of December 31, 2023, and $553 million as of December 31, 2022, and related primarily to firm contracts in the AEC segment. Of the remaining performance obligations as of December 31, 2024, we expect to recognize as revenue approximately $151 million during 2025, $147 million during 2026, $143 million during 2027, and the remainder thereafter.

Reportable Segments and Geograp

Reportable Segments and Geographic Data	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Reportable Segments and Geographic Data	Reportable Segments and Geographic Data The Company is organized based on the nature of its products and is composed of two reportable segments, Machine Clothing (“MC”), and Albany Engineered Composites ("AEC”), each overseen by a segment president. These segments are reflective of how the Company's Chief Executive Officer, who is its Chief Operating Decision Maker ("CODM"), reviews operating results for the purpose of allocating resources and assessing performance. Our CODM evaluates each segment's performance based on metrics such as net revenues, gross profit, and other key financial data, to assess performance and allocate resources that align with company-wide goals. Annual incentive targets are established for the segment presidents based on these metrics, in addition to Earnings before interest, taxes, depreciation, and amortization (EBITDA) and cash flows, which are reviewed in summary each month, and in more depth each quarter. The Company has not aggregated operating segments for purposes of identifying reportable segments. Effective December 31, 2024, the Company adopted the provisions of ASU 2023-07, which expanded the content and frequency of segment disclosures required under ASC 280. The accounting policies of the segments are the same as those described in Note 1, Accounting Policies , of the Notes to the Consolidated Financial Statements. Corporate expenses include wages and benefits for corporate headquarters personnel, costs related to information systems development and support, and professional fees related to legal, audit, and other activities. Corporate expenses are not allocated to the reportable segments, except certain global information system costs discussed below, because the decision-making for these functions lies outside of the segments. Machine Clothing: The MC segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, pulp, nonwovens, fiber cement and several other industrial applications. We sell our MC products directly to customer end-users in countries across the globe. Our products, manufacturing processes, and distribution channels for MC are substantially the same in each region of the world in which we operate. We design, manufacture, and market paper machine clothing (used in the manufacturing of paper, paperboard, tissue and towel) for each section of the paper machine and for every grade of paper. Paper machine clothing products are customized, consumable products of technologically sophisticated design that utilize polymeric materials in a complex structure. On August 31, 2023, the Company completed the acquisition of Heimbach, a privately-held manufacturer of paper machine clothing and technical textiles. The financial results of the acquired company are included in the Machine Clothing reportable segment. Albany Engineered Composites : The AEC segment provides highly engineered, advanced composite structures to customers in the commercial and defense aerospace industries. The segment includes Albany Safran Composites, LLC (“ASC”), in which our customer, SAFRAN Group ("Safran"), owns a 10% noncontrolling interest. AEC, through ASC, is the exclusive supplier to the LEAP program of advanced composite fan blades and fan cases under a long-term supply contract. The LEAP engine is used on the Airbus A320neo, A321neo, Boeing 737 MAX, and COMAC 919 aircraft. AEC’s largest aerospace customer is SAFRAN and sales to SAFRAN (consisting primarily of fan blades and cases for CFM’s LEAP engine) accounted for approximately 14% of the Company’s consolidated Net revenues in 2024. In 2024, SAFRAN leased manufacturing space from AEC for the GE9X program. Rent paid by SAFRAN under this lease amounted to $1.0 million in 2024 and $1.0 million in 2023. AEC sales to SAFRAN were $178.1 million in 2024, $187.6 million in 2023, and $169.3 million in 2022. The total of Accounts receivable, Contract assets and Noncurrent receivable due from SAFRAN amounted to $78.5 million and $93.8 million as of December 31, 2024 and 2023, respectively. Other significant programs in AEC include the Sikorsky CH-53K, F-35, JASSM, and Boeing 787 programs. AEC also supplies vacuum waste tanks for Boeing commercial programs, and specialty components for the Rolls Royce lift fan on the F-35, as well as the fan case for the GE9X engine. In 2024, approximately 36% of AEC net revenues were related to U.S. government contracts or programs. The following tables show data by reportable segment that is regularly provided to the CODM, reconciled to consolidated totals included in the financial statements: Year ended December 31, 2024 (in thousands) MC AEC Corporate Total Net revenues $ 749,907 $ 480,708 $ — $ 1,230,615 Cost of goods sold 403,863 424,976 — 828,839 Gross profit 346,044 55,732 — 401,776 Selling, general and administrative expenses 123,120 47,421 40,341 210,882 Technical and research expenses 29,832 16,265 — 46,097 Restructuring expenses, net 9,460 3,649 329 13,438 Operating income/(loss) $ 183,632 $ (11,603) $ (40,670) $ 131,359 Certain prior year amounts have been reclassified in order to conform to current year presentation. Global information system costs previously included in Corporate expenses are allocated to the segments. Management believes this presentation better reflects the performance of the segments and is how management will review segment performance on a going forward basis. For the year ended December 31, 2024, Selling, general and administrative expenses include global information systems costs of $15.2 million, $15.7 million and $1.0 million for MC, AEC and Corporate, respectively. Global information systems costs were previously included in Corporate expenses. Year ended December 31, 2023 (in thousands) MC AEC Corporate Total Net revenues $ 670,768 $ 477,141 $ — $ 1,147,909 Cost of goods sold 339,210 384,981 — 724,191 Gross profit 331,558 92,160 — 423,718 Selling, general and administrative expenses 118,196 48,833 47,886 214,915 Technical and research expenses 24,651 15,976 — 40,627 Restructuring expenses, net 282 — — 282 Operating income/(loss) $ 188,429 $ 27,351 $ (47,886) $ 167,894 For the year ended December 31, 2023, Selling, general and administrative expenses include global information systems costs of $10.9 million, $14.2 million and $2.1 million for MC, AEC and Corporate, respectively. Global information systems costs were previously included in Corporate expenses. Year ended December 31, 2022 (in thousands) MC AEC Corporate Total Net revenues $ 609,461 $ 425,426 $ — $ 1,034,887 Cost of goods sold 297,176 347,929 — 645,105 Gross profit 312,285 77,497 — 389,782 Selling, general and administrative expenses 91,393 42,339 34,981 168,713 Technical and research expenses 24,588 15,353 — 39,941 Restructuring expenses, net 92 — 14 106 Operating income/(loss) $ 196,212 $ 19,805 $ (34,995) $ 181,022 For the year ended December 31, 2022, Selling, general and administrative expenses include global information systems costs of $10.0 million, $11.8 million and $1.0 million for MC, AEC and Corporate, respectively. Global information systems costs were previously included in Corporate expenses. Years ended December 31, (in thousands) 2024 2023 2022 Net revenues Machine Clothing $ 749,907 $ 670,768 $ 609,461 Albany Engineered Composites 480,708 477,141 425,426 Consolidated total $ 1,230,615 $ 1,147,909 $ 1,034,887 Gross profit Machine Clothing 346,044 331,558 312,285 Albany Engineered Composites 55,732 92,160 77,497 Consolidated total $ 401,776 $ 423,718 $ 389,782 Depreciation and amortization Machine Clothing 33,917 24,616 19,982 Albany Engineered Composites 54,228 50,764 47,578 Corporate 1,149 1,353 1,489 Consolidated total $ 89,294 $ 76,733 $ 69,049 Operating income/(loss) Machine Clothing 183,632 188,429 196,212 Albany Engineered Composites (11,603) 27,351 19,805 Corporate (40,670) (47,886) (34,995) Operating income $ 131,359 $ 167,894 $ 181,022 Reconciling items: Interest income (4,064) (6,566) (3,835) Interest expense 16,613 20,167 17,835 Pension settlement expense — — 49,128 Other (income)/expense, net 1,721 (6,163) (14,086) Income before income taxes $ 117,089 $ 160,456 $ 131,980 Interest income, Interest expense, Pension settlement expense, Other income/expense, and Income taxes are not allocated to the business segments. Results for the years ended December 31, 2024 and December 31, 2023 include Heimbach, which was acquired August 31, 2023. Heimbach contributed Net revenues of $141.6 million and $51.2 million in 2024 and 2023, respectively. Heimbach reduced MC's Operating income by $20.0 million and $6.3 million in 2024 and 2023, respectively. Depreciation expense for Heimbach on Property, plant, and equipment, net was $12.4 million and $4.0 million in 2024 and 2023, respectively; and amortization expense on Intangibles, net was $1.0 million and $0.3 million in 2024 and 2023, respectively. In the third quarter of 2022, we took actions to settle certain pension plan liabilities in the U.S., leading to charges totaling $49.1 million, which were included as Corporate expenses and other. In the measurement of assets utilized by each reportable segment, we include Inventories, Accounts receivable, net, Contract assets, net, Noncurrent receivables, net, Property, plant and equipment, net, Intangibles, net and Goodwill. The following table presents assets and capital expenditures by reportable segment: As of December 31, (in thousands) 2024 2023 2022 Segment assets Machine Clothing $ 600,603 $ 669,907 $ 455,390 Albany Engineered Composites 736,306 800,931 717,972 Reconciling items: Cash 115,283 173,420 291,776 Income taxes prepaid, receivable and deferred 47,944 33,984 23,134 Prepaid and Other assets 148,560 156,772 153,983 Total assets $ 1,648,696 $ 1,835,014 $ 1,642,255 Capital expenditures and purchased software Machine Clothing $ 21,270 $ 25,917 $ 20,901 Albany Engineered Composites 58,121 57,404 74,845 Corporate expenses 1,816 1,108 602 Total capital expenditures and purchased software $ 81,207 $ 84,429 $ 96,348 The following table shows data by geographic area. Net revenues are based on the location of the operation recording the final sale to the customer. Net revenues recorded by our entity in Switzerland are derived from products sold throughout Europe and Asia, and are invoiced in various currencies. Years ended December 31, (in thousands) 2024 2023 2022 Net revenues United States $ 650,532 $ 649,500 $ 586,779 Switzerland 109,751 115,207 119,069 Germany 86,991 32,239 4,461 France 81,141 77,573 76,826 China 67,732 65,135 63,914 Brazil 66,943 69,527 66,175 Mexico 57,928 58,874 58,519 Other countries 109,597 79,854 59,144 Total Net revenues $ 1,230,615 $ 1,147,909 $ 1,034,887 Property, plant and equipment, net United States $ 299,370 $ 303,578 $ 278,500 China 52,063 57,070 33,432 Germany 46,033 52,934 9,562 Mexico 38,762 46,759 42,320 France 30,935 31,069 31,382 United Kingdom 16,651 18,306 9,699 Canada 14,313 15,318 14,264 Spain 12,154 14,804 — Other countries 53,150 62,151 26,499 Total Property, plant and equipment, net $ 563,431 $ 601,989 $ 445,658

Pension, Postretirement, and Ot

Pension, Postretirement, and Other Benefit Plans	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Pension, Postretirement, and Other Benefit Plans	Pension, Postretirement, and Other Benefit Plans Voluntary Savings Plan The Company maintains a voluntary savings plan covering all employees in the United States. The Plan, known as the Prosperity Plus Savings Plan, is a qualified plan under section 401(k) of the U.S. Internal Revenue Code. The Company matches, in the form of cash, between 50% and 100% of employee contributions up to a defined maximum. The investment of employee contributions to the plan is self-directed. The Company’s cost of the plan amounted to $7.8 million in 2024, $7.3 million in 2023, and $6.6 million in 2022. The plan allows for discretionary matching contributions. The Company uses such discretion to provide profit sharing contributions to plan participants. Such contributions are based on Company performance and vary from year to year and contributions are generally made in the first quarter following the Company’s fiscal year-end. The Company’s profit-sharing plan covers all employees in the United States. After the close of each year, the Board of Directors reviews and approves the amount of the profit-sharing contribution. Company contributions to the plan are in the form of cash. The expense recorded for this plan was $2.4 million in 2024, $4.9 million in 2023, and $4.6 million in 2022. Pension and Postretirement Plans The Company has defined benefit pension and postretirement plans covering certain U.S. and non-U.S. employees. The eligibility, benefit formulas, and contribution requirements for plans vary by location. As of December 31, 2024, U.S. benefit obligations exist through the U.S. Supplemental Executive Retirement Plan (“SERP”), a frozen unfunded pension plan, and the U.S. postretirement welfare plan ("PRW"), which provides various medical, dental, and life insurance benefits. The U.S. Pension Plus Plan, a qualified defined benefit pension plan was terminated in 2021 and settled during 2022, leading to charges totaling $49.1 million. Outside the U.S., the Company sponsors defined benefit pension plans covering certain employees and certain postretirement life insurance benefits to retired employees in Canada. Accounting guidance requires the recognition of the funded status of each defined benefit and other postretirement benefit plan. Each overfunded plan is recognized as an asset and each underfunded plan is recognized as a liability. Company pension plan data for U.S. and non-U.S. plans has been combined for both 2024 and 2023, except where indicated below. The Company’s pension and postretirement benefit costs and benefit obligations are based on actuarial valuations that are affected by many assumptions, the most significant of which are the assumed discount rate, expected rate of return on pension plan assets, and mortality. Each of the assumptions is reviewed and updated annually, as appropriate. The assumed rates of return for pension plan assets are determined for each major asset category based on historical rates of return for assets in that category and expectations of future rates of return based, in part, on simulated future capital market performance. The assumed discount rate is based on yields from a portfolio of currently available high-quality fixed-income investments with durations matching the expected future payments, based on the demographics of the plan participants and the plan provisions. Gains and losses arise from changes in the assumptions used to measure the benefit obligations, and experience different from what had been assumed, including asset returns different than what had been expected. The Company amortizes gains and losses in excess of a “corridor” over the average future service of the plan’s current participants. The corridor is defined as 10% of the greater of the plan’s projected benefit obligation or market-related value of plan assets. The market-related value of plan assets is also used to determine the expected return on plan assets component of net periodic cost. To the extent the Company’s unrecognized net losses and unrecognized prior service costs, including the amount recognized through accumulated other comprehensive income, are not reduced by future favorable plan experience, they will be recognized as a component of the net periodic cost in future years. The following table sets forth the plan benefit obligations: As of December 31, 2024 As of December 31, 2023 (in thousands, except percentages) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Benefit obligation, beginning of year $ 158,323 $ 28,684 $ 83,730 $ 35,658 Service cost 1,812 46 1,478 60 Interest cost 6,114 1,416 5,151 1,874 Plan participants' contributions 530 — 281 — Actuarial (gain)/loss (3,868) (709) 6,317 (6,131) Benefits paid (9,423) (2,651) (6,388) (2,795) Acquisitions — — 64,947 — Settlements and curtailments (7,805) — — — Plan amendments and other — — (1,985) — Foreign currency changes (8,572) (71) 4,792 18 Benefit obligation, end of year $ 137,111 $ 26,715 $ 158,323 $ 28,684 Accumulated benefit obligation $ 132,198 $ — $ 151,001 $ — Weighted average assumptions used to determine benefit obligations, end of year: Discount rate — U.S. plan 5.44 % 5.61 % 5.15 % 5.21 % Discount rate — non-U.S. plans 4.32 % 4.70 % 4.05 % 4.70 % Cash balance interest crediting rate - Switzerland pension plan 1.15 % — 1.30 % — Compensation increase — U.S. plan N/A N/A N/A N/A Compensation increase — non-U.S. plans 2.68 % 2.75 % 2.89 % 2.75 % During 2024, pension benefit obligations decreased by $21.2 million, related to several factors including benefit payments made to participants of the plan, which resulted in a decrease of $9.4 million, and foreign currency changes, which resulted in a decrease of $8.6 million, as well as several other offsetting items. Other postretirement benefit obligations decreased by $2.0 million in 2024 , primarily driven by payments made by the Company to participants of the plan. During 2023, pension benefit obligations increased by $74.6 million, largely related to the acquisition of Heimbach GmbH, which resulted in an increase of $64.9 million, in addition to net actuarial losses, which resulted in an increase of $6.3 million. Other postretirement benefit obligations decreased by $7.0 million in 2023, primarily driven by net actuarial gains and payments made by the Company to participants of the plan . The following sets forth information about plan assets: As of December 31, 2024 As of December 31, 2023 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Fair value of plan assets, beginning of year $ 112,688 $ — $ 74,929 $ — Actual return on plan assets, net of expenses (408) — 6,285 — Employer contributions 8,744 2,651 3,629 2,795 Plan participants' contributions 530 — 281 — Benefits paid (9,423) (2,651) (6,388) (2,795) Acquisitions — — 30,941 — Settlements (3,811) — — — Other — — (832) — Foreign currency changes (5,183) — 3,843 — Fair value of plan assets, end of year $ 103,137 $ — $ 112,688 $ — The funded status of the plans was as follows: As of December 31, 2024 As of December 31, 2023 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Fair value of plan assets $ 103,137 $ — $ 112,688 $ — Benefit obligation 137,111 26,715 158,323 28,684 Funded status $ (33,974) $ (26,715) $ (45,635) $ (28,684) Accrued benefit cost, end of year $ (33,974) $ (26,715) $ (45,635) $ (28,684) Amounts recognized in the consolidated balance sheets consist of the following: Noncurrent asset $ 16,982 $ — $ 19,296 $ — Current liability (4,915) (2,772) (5,500) (2,808) Noncurrent liability (46,041) (23,943) (59,431) (25,876) Net amount recognized $ (33,974) $ (26,715) $ (45,635) $ (28,684) Amounts recognized in accumulated other comprehensive income consist of: Net actuarial loss $ 19,529 $ 1,345 $ 22,512 $ 1,991 Prior service cost/(credit) (96) (360) (132) (484) Net amount recognized $ 19,433 $ 985 $ 22,380 $ 1,507 The composition of the net pension plan funded status as of December 31, 2024 was as follows: (in thousands) U.S. plan Non-U.S. plans Total Pension plans with pension assets $ — $ 16,982 $ 16,982 Pension plans without pension assets (3,284) (47,672) (50,956) Total $ (3,284) $ (30,690) $ (33,974) The underfunded balance in the U.S. relates to the Supplemental Executive Retirement Plan. The composition of the net periodic benefit plan cost for the years ended December 31, 2024, 2023, and 2022, was as follows: Pension plans Other postretirement benefits (in thousands, except percentages) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost: Service cost $ 1,812 $ 1,478 $ 1,371 $ 46 $ 60 $ 114 Interest cost 6,114 5,151 4,917 1,416 1,874 1,221 Expected return on assets (5,430) (4,347) (5,979) — — — Amortization of prior service cost/(credit) (26) (32) (8) (124) (4,090) (4,488) Amortization of net actuarial loss 647 555 1,377 (34) 828 1,883 Settlement (33) — 49,128 — — — Curtailment (gain)/loss (37) — — — — — Net periodic benefit cost $ 3,047 $ 2,805 $ 50,806 $ 1,304 $ (1,328) $ (1,270) Weighted average assumptions used to determine net cost: Discount rate — U.S. plan 5.15 % 5.49 % 2.63 % 5.21 % 5.55 % 2.83 % Discount rate — non-U.S. plans 4.05 % 5.15 % 2.41 % 4.70 % 5.20 % 3.05 % Cash balance interest crediting rate - Switzerland pension plan 1.30 % 2.15 % 0.25 % — — — Expected return on plan assets — U.S. plan N/A N/A 3.07 % N/A N/A N/A Expected return on plan assets — non-U.S. plans 4.98 % 5.21 % 3.31 % N/A N/A N/A Rate of compensation increase — U.S. plan N/A N/A N/A N/A N/A N/A Rate of compensation increase — non-U.S. plans 2.89 % 3.08 % 2.70 % 2.75 % 2.75 % 2.75 % Pretax (gains)/losses on plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31, 2024, 2023, and 2022, was as follows: Pension plans Other postretirement benefits (in thousands) 2024 2023 2022 2024 2023 2022 Settlements/curtailments $ 70 $ — $ (49,128) $ — $ — $ — Asset/liability loss/(gain) (2,023) 4,365 16,828 (709) (6,131) (6,658) Amortization of actuarial (loss) (646) (554) (1,377) 34 (828) (1,883) Amortization of prior service cost/(credit) 26 32 8 124 4,090 3,884 Currency impact (748) 757 (944) 28 (8) 15 Cost/(benefit) in Other comprehensive income $ (3,321) $ 4,600 $ (34,613) $ (523) $ (2,877) $ (4,642) Investment Strategy Our investment strategy for pension assets differs for the various countries in which we have defined benefit pension plans. Some of our defined benefit plans do not require funded trusts and, in those arrangements, the Company funds the plans on a “pay as you go” basis. The largest of the funded defined benefit plans are in Canada and the United Kingdom. For the countries in which the Company has funded pension trusts, the investment strategy may also be liability driven or, in other cases, to achieve a competitive, total investment return, achieving diversification between and within asset classes and managing other risks. Investment objectives for each asset class are determined based on specific risks and investment opportunities identified. Actual allocations to each asset class vary from target allocations due to periodic investment strategy changes, market value fluctuations, the length of time it takes to fully implement investment allocation positions, and the timing of benefit payments and contributions. Fair-Value Measurements The following tables present plan assets as of December 31, 2024, and 2023, using the fair-value hierarchy, which has three levels based on the reliability of inputs used, as described in Note 18, Fair-Value Measurements , of the Notes to the Consolidated Financial Statements. Certain investments that are measured at fair value using net asset value ("NAV") as a practical expedient are not required to be categorized in the fair value hierarchy table. The total fair value of these investments is included in the table below to permit reconciliation of the fair value hierarchy to amounts presented in the funded status table above. As of December 31, 2024 and 2023, there were no investments expected to be sold at a value materially different than NAV. Assets at Fair Value as of December 31, 2024 (in thousands) Quoted prices in active markets Level 1 Significant other observable inputs Level 2 Significant Total Common Stocks and equity funds $ — $ 4,241 $ — $ 4,241 Debt securities — 49,940 — 49,940 Insurance contracts — — 3,528 3,528 Real Estate — — 3,244 3,244 Hedge Funds — — 836 836 Cash and short-term investments 5,323 — — 5,323 Total investments in the fair value hierarchy $ 5,323 $ 54,181 $ 7,608 67,112 Investments at net asset value: Common Stocks and equity funds 13,124 Fixed income funds 22,901 Limited partnerships — Total plan assets $ 103,137 Assets at Fair Value as of December 31, 2023 (in thousands) Quoted prices in active markets Level 1 Significant other observable inputs Level 2 Significant unobservable inputs Level 3 Total Common Stocks and equity funds $ — $ 4,159 $ — $ 4,159 Debt securities — 56,838 — 56,838 Insurance contracts — — 3,478 3,478 Real Estate — — 3,451 3,451 Hedge Funds — — 668 668 Cash and short-term investments 5,740 — — 5,740 Total investments in the fair value hierarchy $ 5,740 $ 60,997 $ 7,597 74,334 Investments at net asset value: Common Stocks and equity funds 12,608 Fixed income funds 25,746 Limited partnerships — Total plan assets $ 112,688 The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2024 and 2023: (in thousands) December 31, 2023 Net realized gains Net unrealized gains Net purchases, issuances Net transfers (out of) Level 3 December 31, 2024 Insurance contracts - total level 3 assets $ 7,597 $ — $ 58 $ (47) $ — $ 7,608 (in thousands) December 31, 2022 Net realized gains Net unrealized gains Net purchases, issuances Net transfers (out of) Level 3 December 31, 2023 Insurance contracts - total level 3 assets $ 2,418 $ — $ 18 $ 5,161 $ — $ 7,597 None of the Company's U.S. pension plans held assets during 2024 or 2023. The asset allocation for the Company’s non-U.S. pension plans for 2024 and 2023, and the target allocation, by asset category, are as follows: Non-U.S. Plans Target Percentage of plan assets at plan measurement date Asset category 2024 2023 Equity securities 15 % 15 % 13 % Debt securities 70 % 70 % 73 % Real estate 3 % 3 % 3 % Other (1) 12 % 12 % 11 % 100 % 100 % 100 % (1) Other includes hedged equity and absolute return strategies, as well as private equity. The Company has procedures to closely monitor the performance of these investments and compares asset valuations to audited financial statements of the funds. The targeted plan asset allocation is based on an analysis of the actuarial liabilities, a review of viable asset classes, and an analysis of the expected rate of return, risk, and other investment characteristics of various investment asset classes. At the end of 2024 and 2023, the projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for pension plans with projected benefit obligation and an accumulated benefit obligation in excess of plan assets were as follows: Plans with projected (in thousands) 2024 2023 Projected benefit obligation $ 55,067 $ 81,972 Fair value of plan assets 4,111 17,041 Plans with accumulated (in thousands) 2024 2023 Accumulated benefit obligation $ 52,493 $ 77,688 Fair value of plan assets 3,509 17,041 Information about expected cash flows for the pension and other benefit obligations are as follows: (in thousands) Pension plans Other postretirement benefits Expected employer contributions and direct employer payments in the next fiscal year $ 5,707 $ 2,772 Expected benefit payments 2025 10,249 2,772 2026 10,244 2,672 2027 9,732 2,573 2028 9,963 2,474 2029 9,855 2,375 2030 to 2034 (expected, combined) 49,316 10,418

Restructuring

Restructuring	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring At MC, restructuring actions were taken throughout 2024 in order to cease operations at several facilities, including at the Company's MC forming fabric manufacturing facility in Chungju, South Korea, at the Company's Heimbach engineered fabric manufacturing facility in Rochdale, UK, and at the Company's Heimbach paper machine clothing facility in Olten, Switzerland. These actions drove $11.2 million of restructuring charges during 2024, of which $9.5 million in Restructuring expenses, net was due to workforce reductions, fixed asset impairments, and related costs and $1.7 million in Costs of goods sold was due to the write-off of inventory. We expect to incur additional restructuring expenses related to these actions into 2025. At AEC, restructuring activities were related to reductions in the workforce at various AEC locations, which resulted in Restructuring expenses of $3.6 million in 2024. Restructuring expenses incurred at MC and AEC during 2023 and 2022 were not significant. The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net” and "Cost of goods sold": Year ended December 31, 2024 (in thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 11,165 $ 8,298 $ 2,867 Albany Engineered Composites 3,649 3,649 — Corporate 329 329 — Total restructuring expense $ 15,143 $ 12,276 $ 2,867 Year ended December 31, 2023 (in thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 282 $ 282 $ — Albany Engineered Composites — — — Corporate — — — Total restructuring expense $ 282 $ 282 $ — Year ended December 31, 2022 (in thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 92 $ 92 $ — Albany Engineered Composites — — — Corporate 14 14 — Total restructuring expense $ 106 $ 106 $ — The table below presents the changes in restructuring liabilities for 2024 and 2023: (in thousands) December 31, 2023 Restructuring charges accrued Payments Currency translation/other December 31, 2024 Total termination and other costs $ — $ 12,276 $ (7,378) $ 98 $ 4,996 As of December 31, 2024, we expect that the total $5.0 million of Accrued liabilities for restructuring will be paid within one year. December 31, Restructuring charges accrued Payments Currency translation/other December 31, 2023 Total termination and other costs $ — $ 282 $ (285) $ 3 $ —

Other (Income)_Expense, net

Other (Income)/Expense, net	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
Other (Income)/Expense, net	Other (Income)/Expense, net The components of Other expense/(income), net, are: Years ended December 31, (in thousands) 2024 2023 2022 Currency transactions $ (3,900) $ (2,916) $ (9,996) Sale of IP addresses — — (3,420) Derivative instruments losses/(gains) 3,459 (351) (509) Bank fees and amortization of debt issuance costs 232 180 313 Components of net periodic pension and postretirement cost other than service 2,493 (61) (1,077) Other (563) (3,015) 603 Total other (income)/expense, net $ 1,721 $ (6,163) $ (14,086)

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Provision for income taxes consisted of the following: Years ended December 31, (in thousands) 2024 2023 2022 Income before income taxes: U.S. $ 26,660 $ 68,872 $ 20,422 Non-U.S. 90,429 91,584 111,558 $ 117,089 $ 160,456 $ 131,980 Income tax expense/(benefit) Current: Federal $ 2,682 $ 17,005 $ 9,781 State 4,724 2,030 5,126 Non-U.S. 34,053 34,110 28,605 $ 41,459 $ 53,145 $ 43,512 Deferred: Federal $ 1,699 $ (1,700) $ (9,592) State (804) 863 (1,866) Non-U.S. (13,320) (3,462) 3,418 $ (12,425) $ (4,299) $ (8,040) Total income tax expense $ 29,034 $ 48,846 $ 35,472 A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows: Years ended December 31, 2024 2023 2022 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 2.3 1.9 2.5 Non-U.S. local income taxes 2.3 1.4 3.8 U.S. permanent adjustments 0.6 0.8 1.4 Foreign permanent adjustments 1.0 0.7 (2.1) Foreign rate differential 2.1 2.0 3.1 Net U.S. tax on non-U.S. earnings and foreign withholdings 2.8 5.1 3.5 Provision for/(resolution) of tax audits and contingencies, net (1.3) 0.3 0.3 U.S. Pension Settlement - Release of Residual Tax Effect — — (4.0) Change in valuation allowances 4.4 (1.2) (0.6) Impact of Mexico net operating loss inflation revaluation (2.2) — — Establishment of deferred tax asset for Non-U.S. reserves (4.3) — — Impact of amended tax returns (0.8) — (0.1) Return to provision (2.2) (1.2) (1.1) Other adjustments (0.9) (0.4) (0.8) Effective income tax rate 24.8 % 30.4 % 26.9 % In 2024, the Company recorded a net tax benefit of $5.0 million for the establishment of a deferred tax asset for reserves in a foreign jurisdiction in accordance with newly adopted local law. The Company does not believe it will be able to realize the benefit of these deferred tax assets, as such an offsetting valuation allowance was recorded. This valuation allowance is included in the change in valuation allowances line above. In 2024, the Company also recorded new valuation allowances totaling $6.7 million and released a valuation allowance of $6.3 million in a non-U.S. jurisdiction due to positive evidence indicating that a full valuation allowance was no longer required. The remaining increase in valuation allowance is due to increases in deferred tax assets in entities that already had established valuation allowances. In 2022, the Company recorded a net tax benefit of $5.2 million for the release of the residual tax effects that were stranded within other comprehensive income related to the U.S. pension settlement. The residual tax effects were created as a result of the remeasurement of deferred tax assets and liabilities originally established in other comprehensive income in accordance with the Tax Cuts and Jobs Act lowering the U.S. corporate tax rate from 35% to 21% as of December 31, 2017. No similar charges were incurred during 2023 or 2024. The Company has operations which constitute a taxable presence in 22 countries outside of the United States. The Company is subject to audit in the U.S. and various foreign jurisdictions. Our open tax years for major jurisdictions generally range from 2013-2024. We believe appropriate provisions for all outstanding tax issues have been made for all jurisdictions and all open years. During the periods reported, income outside of the U.S. was heavily concentrated within Brazil (34% tax rate), China (25% tax rate), and Mexico (30% tax rate). The foreign rate differential of these jurisdictions was partially offset by Switzerland (15% tax rate). As a result, the foreign income tax rate differential was primarily attributable to these tax rate differences. Cash payments for taxes amounted to $47.3 million in 2024, $54.5 million in 2023, and $50.0 million in 2022. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of certain assets and liabilities for financial reporting purposes and income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: For the year ended December 31 U.S. Non-U.S. (in thousands) 2024 2023 2024 2023 Deferred tax assets: Accounts receivable, net $ 502 $ 528 $ 1,138 $ 1,489 Inventories 2,473 1,608 1,636 1,429 Incentive compensation 1,453 5,843 750 1,162 Property, plant, equipment and intangibles, net — — — — Pension, post retirement benefits - non-current 6,440 6,939 2,202 4,899 Tax loss carryforwards 49 110 32,963 29,811 Tax credit carryforwards 3,602 3,167 29 19 Leases 12,192 8,685 2,205 2,463 Reserves 2,639 877 7,150 1,299 Deferred revenue — 244 — — Other 373 — 909 — Deferred tax assets before valuation allowance 29,723 28,001 48,982 42,571 Less: valuation allowance (1,826) (118) (13,670) (9,730) Total deferred tax assets $ 27,897 $ 27,883 $ 35,312 $ 32,841 Deferred tax liabilities: Unrepatriated foreign earnings $ 4,961 $ 4,270 $ — $ — Property, plant, equipment and intangibles, net 4,626 8,433 14,483 19,000 Basis difference in partner capital 1,420 1,719 — — Basis difference in investment 5,081 4,192 — — Derivatives 38 3,009 125 109 Leases 11,433 8,091 2,053 2,331 Deferred revenue 380 — 4,663 9,843 Other — 117 — 249 Total deferred tax liabilities 27,939 29,831 21,324 31,532 Net deferred tax (liability)/asset $ (42) $ (1,948) $ 13,988 $ 1,309 Deferred income tax assets, net of valuation allowances, are expected to be realized through the reversal of existing taxable temporary differences and future taxable income. As of December 31, 2024, the Company's net operating loss, capital loss and tax credit carryforwards were as follows: (in thousands) Expiration Period Net Operating and Capital Loss Carryforwards Tax Credit Carryforwards Jurisdiction U.S. Federal 2025 - 2034 $ — $ 2,797 U.S. State 2033 - 2048 940 357 U.S. State Indefinite — 448 Non-U.S. 2025 - 2040 6,192 — Non-U.S. Indefinite 133,174 — Balance at end of year $ 140,306 $ 3,602 The Company records the residual U.S. and foreign taxes on certain amounts of foreign earnings that have been targeted for repatriation to the U.S. These amounts are not considered to be indefinitely reinvested, and the Company accrued for the tax cost on these earnings to the extent they cannot be repatriated in a tax-free manner. The Company has targeted for repatriation $163.0 million of current year and prior year earnings of the Company’s foreign operations. If these earnings were distributed, the Company would be subject to foreign withholding taxes of $4.5 million and U.S. income taxes of $0.7 million which have already been recorded. The accumulated undistributed earnings of the Company’s foreign operations not targeted for repatriation to the U.S. were approximately $132.9 million, and are intended to remain indefinitely invested in foreign operations. No additional income taxes have been provided on the indefinitely invested foreign earnings at December 31, 2024. If these earnings were distributed, the Company could be subject to income taxes and additional foreign withholding taxes. Determining the amount of unrecognized deferred tax liability related to any additional outside basis difference in these entities is not practical due to the complexities of the hypothetical calculation. The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits. If recognized, the $3.1 million would impact the effective tax rate as of December 31, 2024 as follows: (in thousands) 2024 2023 2022 Unrecognized tax benefits balance at January 1, $ 2,741 $ 792 $ 1,459 Increase in gross amounts of tax positions related to prior years 1,102 2,373 399 Decrease in gross amounts of tax positions related to prior years (224) — (929) Increase in gross amounts of tax positions related to current years — 196 37 Decrease due to settlements with tax authorities (460) — — Increase (decrease) due to lapse in statute of limitations 116 (656) — Currency translation (133) 36 (174) Unrecognized tax benefits balance at December 31, $ 3,142 $ 2,741 $ 792 Of the $3.1 million total unrecognized tax benefits balance as of December 31, 2024, $1.0 million is related to unrecognized tax benefits acquired in the Heimbach acquisition. The Company recognizes interest and penalties related to unrecognized tax benefits within its global operations as a component of income tax expense. The Company recognized $0.4 million, $0.5 million and $0.1 million interest and penalties related to the unrecognized tax benefits noted above, for the years 2024, 2023 and 2022, respectively. It is reasonably possible that within the next 12 months, unrecognized tax benefits related to international tax matters may decrease by up to $2.4 million based on current estimates.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows: Years ended December 31, (in thousands, except market price and earnings per share) 2024 2023 2022 Net income attributable to the Company $ 87,623 $ 111,120 $ 95,762 Weighted average number of shares: Weighted average number of shares used in calculating basic net income per share 31,231 31,171 31,339 Effect of dilutive stock-based compensation plans: Restricted stock units and multi-year awards 107 105 116 Weighted average number of shares used in calculating diluted net income per share 31,338 31,276 31,455 Net income per share: Basic $ 2.81 $ 3.56 $ 3.06 Diluted $ 2.80 $ 3.55 $ 3.04 Shares outstanding, net of treasury shares, were 31.1 million as of December 31, 2024, 31.2 million as of December 31, 2023, and 31.1 million as of December 31, 2022.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income ("AOCI")	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income ("AOCI")	Accumulated Other Comprehensive Income ("AOCI") The table below presents changes in the components of AOCI from January 1, 2022 to December 31, 2024: (in thousands) Translation adjustments Pension and postretirement liability adjustments Derivative valuation adjustment Total Other Comprehensive Income January 1, 2022 $ (105,880) $ (38,490) $ (1,614) $ (145,984) Other comprehensive income/(loss) before reclassifications (40,971) — 18,971 (22,000) Pension/postretirement settlements and curtailments, net of tax — 26,198 — 26,198 Pension/postretirement plan remeasurement, net of tax — (2,663) — (2,663) Interest expense related to swaps reclassified to the Statements of Income, net of tax — — 350 350 Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — (828) — (828) Net current period other comprehensive income (40,971) 22,707 19,321 1,057 December 31, 2022 $ (146,851) $ (15,783) $ 17,707 $ (144,927) Other comprehensive income/(loss) before reclassifications 21,950 (3,357) 2,623 21,216 Pension settlement expense, net of tax — — — — Pension/postretirement plan remeasurement, net of tax — 3,629 — 3,629 Interest expense related to swaps reclassified to the Statements of Income, net of tax — — (11,251) (11,251) Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — (1,835) — (1,835) Net current period other comprehensive income 21,950 (1,563) (8,628) 11,759 December 31, 2023 $ (124,901) $ (17,346) $ 9,079 $ (133,168) Other comprehensive income/(loss) before reclassifications (56,654) 103 943 (55,608) Pension/postretirement plan remeasurement, net of tax — 2,605 — 2,605 Interest expense related to swaps reclassified to the Statements of Income, net of tax — — (10,128) (10,128) Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — 310 — 310 Net current period other comprehensive income (56,654) 3,018 (9,185) (62,821) December 31, 2024 $ (181,555) $ (14,328) $ (106) $ (195,989) The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps. The table below presents the expense/(income) amounts reclassified, and the line items of the Statement of Income that were affected for the years ended December 31, 2024, 2023, and 2022. (in thousands) 2024 2023 2022 Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: (Income)/Expense related to interest rate swaps included in Income before taxes (a) $ (13,547) $ (15,062) $ 468 Income tax effect 3,419 3,811 (118) Effect on net income due to items reclassified from Accumulated Other Comprehensive Income $ (10,128) $ (11,251) $ 350 Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: Pension/postretirement settlements and curtailments $ — $ — $ 42,657 Amortization of prior service credit (150) (4,122) (4,497) Amortization of net actuarial loss 613 1,383 3,260 Total pretax amount reclassified (b) 463 (2,739) 41,420 Income tax effect (153) 904 (16,051) Effect on net income due to items reclassified from Accumulated Other Comprehensive Income $ 310 $ (1,835) $ 25,369 ________________________ (a) Reported as Interest expense, net in our Consolidated Statements of Income, are payments related to the interest rate swap agreements and amortization of swap buyouts (see Note 17, Financial Instruments , and Note 18, Fair-Value Measurements , of the Notes to the Consolidated Financial Statements). (b) Reported as Other (income)/expense, net in our Consolidated Statements of Income, the accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4, Pension, Postretirement, and Other Benefit Plans , of the Notes to the Consolidated Financial Statements).

Noncontrolling Interest

Noncontrolling Interest	12 Months Ended
	Dec. 31, 2024
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interest Effective October 31, 2013, SAFRAN S.A. ("SAFRAN") acquired a 10% equity interest in a new Albany subsidiary, Albany Safran Composites, LLC ("ASC"). Under the terms of the transaction agreements, ASC will be the exclusive supplier to SAFRAN of advanced 3D-woven composite parts in accordance with agreed upon scope parameters defined between both companies, for use in aircraft and rocket engines, thrust reversers and nacelles, and aircraft landing and braking systems (the “SAFRAN Applications”). AEC may develop and supply parts other than advanced 3D-woven composite parts for all aerospace applications, as well as advanced 3D-woven composite parts for any aerospace applications that are not SAFRAN Applications (such as airframe applications) and any non-aerospace applications. The agreement provides SAFRAN an option to purchase Albany’s remaining 90% interest upon the occurrence of certain bankruptcy or performance default events, or if Albany’s Engineered Composites business is sold to a direct competitor of SAFRAN. The purchase price is based initially on the same valuation of ASC used to determine SAFRAN’s 10% equity interest, and increases over time as LEAP production increases. In accordance with the operating agreement, Albany received a $28 million preferred holding in ASC which includes a preferred return based on the Company’s revolving credit agreement. The common shares of ASC are owned 90% by Albany and 10% by SAFRAN. The Company also owns 85% of Arcari, SRL ("Arcari"), a manufacturer of textile and plastic industrial technical products and conveyor belts, which is a subsidiary of Heimbach GmbH, the paper machine clothing manufacturer acquired by the Company on August 31, 2023 and reported within the MC segment. As of December 31, 2024, the net income/(loss) attributable to Arcari's noncontrolling interest was less than $0.1 million and the noncontrolling interest balance was $0.4 million. The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiaries: ASC Noncontrolling Interest: (in thousands, except percentages) 2024 2023 Net income/(loss) of Albany Safran Composites (ASC) $ 4,759 $ 6,036 Less: Return attributable to the Company's preferred holding 1,329 1,300 Net income/(loss) of ASC available for common ownership $ 3,430 $ 4,736 Ownership percentage of noncontrolling shareholder 10 % 10 % Net income/(loss) attributable to noncontrolling interest $ 343 $ 474 Noncontrolling interest, beginning of year $ 5,423 $ 4,494 Net income/(loss) attributable to noncontrolling interest 343 474 Changes in other comprehensive income attributable to noncontrolling interest (783) 455 ASC noncontrolling interest, end of year $ 4,983 $ 5,423 Arcari Noncontrolling Interest: (in thousands, except percentages) 2024 2023 Noncontrolling interest, beginning of year $ 529 $ — Initial equity related to Noncontrolling interest in Arcari — 509 Net income attributable to noncontrolling interest 89 16 Dividends to noncontrolling interests (166) — Changes in other comprehensive income attributable to noncontrolling interest (26) 4 Arcari noncontrolling interest, end of year $ 426 $ 529 Total noncontrolling interest, end of year $ 5,409 $ 5,952

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Accounts Receivable	Accounts Receivable As of December 31, 2024 and 2023, Accounts receivable consisted of the following: (in thousands) December 31, December 31, Trade and other accounts receivable $ 231,136 $ 272,351 Bank promissory notes 19,637 20,690 Allowance for expected credit losses (4,085) (5,260) Accounts receivable, net $ 246,688 $ 287,781 The Company had Noncurrent receivables in the AEC segment that represented revenue earned, which had extended payment terms. In 2023, the payment terms were amended and the Noncurrent receivables are now included in Trade and other accounts receivable. As of December 31, 2024 and December 31, 2023, Noncurrent receivables were as follows: (in thousands) December 31, December 31, Noncurrent receivables $ — $ 4,414 Allowance for expected credit losses — (22) Noncurrent receivables, net $ — $ 4,392 Allowances for expected credit losses are recorded at the same time the financial asset is recorded. The Company monitors financial assets for credit impairment events to assess whether there has been a significant increase in credit risk since initial recognition, and considers both quantitative and qualitative information. The risk of loss due to credit default increases when one or more events occur that can have a detrimental impact on estimated future cash flows of that financial asset. Evidence that a financial asset is subject to greater credit risk includes observable data about significant financial difficulty of the customer, a breach of contract, such as a default or past due event, or it becomes probable that the customer will enter bankruptcy or other financial reorganization, among other factors. It may not be possible to identify a single discrete event, but rather, the combined effect of several events that may cause an increase in risk of loss. The probability of default is driven by the relative financial health of our customer base and that of the industries in which we operate, as well as the broader macro-economic environment. A changing economic environment or forecasted economic scenario can lead to a different probability of default and can suggest that credit risk has changed. At each reporting period, the Company will recognize the amount of change in current expected credit losses as an allowance gain or loss in Selling, general, and administrative expenses in the Consolidated Statements of Income. Financial assets are written-off when the Company has no reasonable expectation of recovering the financial asset, either in its entirety, or a portion thereof. This is the case when the Company determines that the customer does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. The following tables present the (increases)/decreases in the allowance for credit losses for Accounts receivable: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Specific customer reserves $ (2,484) $ (541) $ 128 $ (37) $ (2,934) Incremental expected credit losses (2,776) 157 76 1,392 (1,151) Accounts receivable expected credit losses $ (5,260) $ (384) $ 204 $ 1,355 $ (4,085) (in thousands) December 31, 2022 (Charge)/ benefit Currency translation Other December 31, 2023 Specific customer reserves $ (2,076) $ (424) $ (74) $ 90 $ (2,484) Incremental expected credit losses (1,021) (187) (40) (1,528) (2,776) Accounts receivable expected credit losses $ (3,097) $ (611) $ (114) $ (1,438) $ (5,260) The following tables present the (increases)/decreases in the allowance for credit losses for Noncurrent receivables: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Noncurrent receivables expected credit losses $ (22) $ 22 $ — $ — $ — (in thousands) December 31, 2022 (Charge)/ benefit Currency translation Other December 31, 2023 Noncurrent receivables expected credit losses $ (140) $ 123 $ (5) $ — $ (22)

Contract Assets and Liabilities

Contract Assets and Liabilities	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Contract Assets and Liabilities	Contract Assets and Liabilities Contract assets and Contract liabilities (included in Accrued liabilities) are reported in the Consolidated Balance Sheets in a net position, on a contract-by-contract basis at the end of each reporting period. Contract assets and contract liabilities are summarized as follows: (in thousands) December 31, December 31, Contract assets $ 167,397 $ 183,189 Allowance for expected credit losses (840) (908) Contract assets, net $ 166,557 $ 182,281 Contract liabilities $ 6,085 $ 7,127 Contract assets decreased $15.7 million during the year ended December 31, 2024. The decrease was primarily due to a decrease in unbilled revenue related to the satisfaction of performance obligations on larger programs in excess of the amounts billed, notably for the Sikorsky CH-53K and the F-35 programs. Other than the allowance for expected credit losses, there were no other provisions for losses related to our Contract assets during the years ended December 31, 2024 and 2023. The following tables present the (increases)/ decreases in the allowance for credit losses for Contract assets: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Contract assets expected credit losses $ (908) $ 52 $ 16 $ — $ (840) (in thousands) December 31, 2022 (Charge)/ benefit Currency translation Other December 31, 2023 Contract assets expected credit losses $ (748) $ (152) $ (8) $ — $ (908) Contract liabilities decreased $1.0 million during the year ended December 31, 2024, primarily due to revenue recognition from satisfied performance obligations exceeding the amounts invoiced to customers for contracts that were in a contract liability position. Revenue recognized for the years ended December 31, 2024 and 2023 that was included in the Contract liability balance at the beginning of the year was $4.3 million and $15.2 million, respectively.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories As of December 31, 2024 and 2023, inventories consisted of the following: (in thousands) December 31, 2024 December 31, 2023 Raw materials $ 76,559 $ 79,611 Work in process 54,917 67,743 Finished goods 14,369 22,213 Total inventories $ 145,845 $ 169,567

Property, Plant and Equipment,

Property, Plant and Equipment, net	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, net	Property, Plant and Equipment, net The table below sets forth the components of property, plant and equipment as of December 31, 2024 and 2023: (in thousands) 2024 2023 Estimated useful life Land and land improvements $ 28,161 $ 29,654 25 years for improvements Buildings 306,273 302,086 15 to 40 years Machinery and equipment 1,188,661 1,207,504 5 to 15 years Furniture and fixtures 11,457 11,409 5 years Computer and other equipment 25,024 24,120 3 to 10 years Software 69,932 69,191 5 to 8 years Capital expenditures in progress 75,262 90,759 Property, plant and equipment, gross 1,704,770 1,734,723 Accumulated depreciation and amortization (1,141,339) (1,132,734) Property, plant and equipment, net $ 563,431 $ 601,989 Depreciation expense was $82.5 million in 2024, $70.4 million in 2023, and $62.5 million in 2022. Software amortization is recorded in Selling, general, and administrative expense and was $1.9 million in 2024, $1.9 million in 2023, and $1.7 million in 2022. Capital expenditures, including purchased software, were $81.2 million in 2024, $84.4 million in 2023, and $96.3 million in 2022. Unamortized software cost was $5.4 million, $6.6 million, and $5.9 million in each of the years ended December 31, 2024, 2023, and 2022, respectively. Expenditures for maintenance and repairs are charged to income as incurred and amounted to $25.4 million in 2024, $22.4 million in 2023, and $20.7 million in 2022.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	15. Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. Goodwill and intangible assets with indefinite useful lives are not amortized, however, these assets are tested for impairment at least annually at the reporting unit level, using either a qualitative or quantitative approach. Impairment is the condition that exists when the carrying amount of a reporting unit, including goodwill, exceeds its fair value. In the second quarter of 2024, management applied the quantitative assessment approach in performing its annual evaluation of goodwill and indefinite-lived trademark intangibles for the Company's Machine Clothing reporting unit and Engineered Composites reporting unit. As part of the quantitative assessment, management used the income and market approach to determine fair value by considering projected cash flows and market multiples for each reporting unit. Management performed the quantitative assessments and concluded that each reporting unit’s fair value continued to significantly exceed its carrying value. Accordingly, no impairment charges were recorded. In the third and fourth quarters of 2024, the Company revised its estimates and assumptions used in certain program estimates at completion of its AEC reporting unit. As a result of the changes in estimates, we performed a qualitative assessment of the AEC reporting unit's goodwill for impairment and concluded that goodwill was not impaired. The excess of the fair value of the AEC reporting unit over its carrying value reduced by approximately 20% from previous quarters; and fair value continues to exceed the carrying value by more than 25%. In the fourth quarter of 2024, the Company wrote-off the remaining Finite-lived intangible assets balance at our Rochdale, UK location due to restructuring actions being taken to cease operations at the manufacturing facility. This decision resulted in a non-cash write-off of intangibles for $0.3 million, which is presented as other changes in the table below for intangible assets and goodwill in 2024. On August 31, 2023, the Company acquired all the outstanding shares of Heimbach. The preliminary fair values of the identifiable intangible assets obtained totaled $14.9 million and consisted of the Heimbach trade name and developed technology. The fair value of the trade name was $6.0 million and is considered an indefinite-lived asset because of Heimbach's rich brand heritage and customer service to the paper machine clothing industry. The fair value of the developed technology was $8.9 million and includes intellectual property-related technologies as well as know-how developed by Heimbach; and is being amortized over its economic period of benefit, which is 9 years. See Note 24, Business Combination , of the Notes to the Consolidated Financial Statements of our 2023 Annual Report on Form 10-K, for additional information. We amortize certain patents, trademarks and names, customer contracts, relationships and technology assets that have finite-lives. The changes in intangible assets and goodwill from December 31, 2022 to December 31, 2024, were as follows: (in thousands, except for years) Amortization life in years Balance at December 31, 2023 Other Changes Amortization Currency Translation Balance at December 31, 2024 Finite-lived intangible assets: AEC Trademarks and trade names 6-15 $ 22 $ — $ (11) $ — $ 11 AEC Technology 10-15 3,426 — (569) (177) 2,680 AEC Intellectual property 15 911 — (83) — 828 AEC Customer relationships 8-15 25,485 — (3,480) (113) 21,892 Heimbach Developed technology 9 8,732 (289) (953) (486) 7,004 Total Finite-Lived intangible assets, net $ 38,576 $ (289) $ (5,096) $ (776) $ 32,415 Indefinite-lived intangible assets: Heimbach Trade name $ 6,070 $ — $ — $ (358) $ 5,712 MC Goodwill 66,873 — — (2,885) 63,988 AEC Goodwill 113,308 — — (1,035) 112,273 Total Indefinite-lived intangible assets $ 186,251 $ — $ — $ (4,278) $ 181,973 (in thousands, except for years) Amortization life in years Balance at December 31, Acquisition Amortization Currency Balance at December 31, Finite-lived intangible assets: AEC Trademarks and trade names 6-15 $ 34 $ — $ (12) $ — $ 22 AEC Technology 10-15 3,884 — (567) 109 3,426 AEC Intellectual property 15 994 — (83) — 911 AEC Customer relationships 8-15 28,899 — (3,480) 66 25,485 Heimbach Developed technology 9 — 8,918 (310) 124 8,732 Total Finite-Lived intangible assets, net $ 33,811 $ 8,918 $ (4,452) $ 299 $ 38,576 Indefinite-lived intangible assets: Heimbach Trade name $ — $ 5,982 $ — $ 88 $ 6,070 MC Goodwill 65,441 — — 1,432 66,873 AEC Goodwill 112,776 — — 532 113,308 Total Indefinite-lived intangible assets $ 178,217 $ 5,982 $ — $ 2,052 $ 186,251 As of December 31, 2024, the gross carrying amount and accumulated amortization of Finite-lived intangible assets was $86.1 million and $53.7 million, respectively. Amortization expense related to Finite-lived intangible assets was reported in the Consolidated Statement of Income as follows: $1.1 million in Cost of goods sold and $4.2 million in Selling, general and administrative expenses in 2024; $0.4 million in Cost of goods sold and $4.1 million in Selling, general and administrative expenses in 2023; and $0.8 million in Cost of goods sold and $4.0 million in Selling, general and administrative expenses in 2022. Estimated amortization expense of intangibles for the years ending December 31, 2025 through 2029, is as follows: Year Annual amortization (in thousands) 2025 $ 5,000 2026 5,000 2027 5,000 2028 4,900 2029 4,900

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Accrued Liabilities	16. Accrued Liabilities Accrued liabilities as of December 31, 2024 and 2023 consist of the following: (in thousands) 2024 2023 Salaries, wages and benefits $ 57,253 $ 72,373 Contract liabilities 6,085 7,127 Returns and allowances 9,422 10,232 Dividends 8,431 8,111 Pension and postretirement 8,744 9,356 Operating and finance lease liabilities 7,607 7,335 Other tax 7,329 10,171 Contract loss reserve 10,524 2,721 Freight 3,256 1,979 Professional fees 5,539 3,912 Restructuring 4,996 — Other 12,718 9,671 Total accrued liabilities $ 141,904 $ 142,988

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2024
Long-Term Debt and Lease Obligation [Abstract]
Financial Instruments	Financial Instruments Debt principally consists of a revolving credit agreement and foreign bank debt assumed in the acquisition of Heimbach. The following table represents our outstanding debt as of December 31, 2024 and 2023: (in thousands, except interest rates) 2024 2023 Borrowings under the Amended Credit Agreement (1): USD borrowings $ 225,000 $ 446,000 EUR borrowings 93,485 — Foreign bank debt 46 10,885 Total bank debt 318,531 456,885 Less: Current maturities of long-term debt — 4,218 Long-term debt $ 318,531 $ 452,667 (1) The credit facility matures in August 2028. At the end of the December 31, 2024 and December 31, 2023, the USD interest rate in effect was 5.77% and 3.49%, respectively, including the effect of interest rate swaps; at the end of December 31, 2024, the EURIBOR interest rate was 4.09%, including the effect of interest rate swaps. There are no principal payments on long-term debt until 2028, at which time the balance of $318.5 million is due. Cash payments of interest amounted to $14.7 million in 2024, $18.7 million in 2023 and $16.0 million in 2022. Amended Credit Agreement On August 16, 2023, we entered into a $800 million unsecured committed Five-Year Revolving Credit Facility Agreement, amended on June 28, 2024 (collectively, the “Amended Credit Agreement”), which matures in August of 2028. The applicable interest rate for borrowings under the Amended Credit Agreement is based on both Term SOFR and EURIBOR plus a spread, which is based on our leverage ratio (as defined in the Amended Credit Agreement) at the time of a borrowing as follows: Leverage Ratio Commitment Fee ABR Spread Term Benchmark/ Daily <1.00:1.00 0.275% 0.500% 1.500% ≥ 1.00:1.00 and < 2.00:1.00 0.300% 0.625% 1.625% ≥ 2.00:1.00 and < 3.00:1.00 0.325% 0.750% 1.750% ≥ 3.00:1.00 0.350% 1.000% 2.000% As of December 31, 2024, the applicable interest rate for borrowings under the Amended Credit Agreement was based on one-month term SOFR and one-month EURIBOR, plus the spread, which was 1.500%. As of December 31, 2024, there was $318 million of borrowings outstanding under the Amended Credit Agreement and we had borrowings available of $482 million, based on our maximum leverage ratio and our consolidated EBITDA (as defined in the Amended Credit Agreement). Under the Amended Credit Agreement, we are required to maintain a leverage ratio (as defined in the Amended Credit Agreement) of not greater than 3.75 to 1.00, or 4.25 to 1.00 after a significant acquisition. We are also required to maintain a minimum interest coverage ratio (as defined in the Amended Credit Agreement) of greater than 3.00 to 1.00. If our leverage ratio exceeds 3.50 to 1.00, we will be restricted in paying dividends to a maximum amount of $40 million in a calendar year. As of December 31, 2024, our leverage ratio was 0.88 to 1.00 and our interest coverage ratio was 14.90 to 1.00. As of December 31, 2024, we were in compliance with all applicable covenants. We anticipate continued compliance in each of the next four quarters while continuing to monitor future compliance based on current and future economic conditions. The borrowings are guaranteed by certain of the Company’s subsidiaries as defined in the Amended Credit Agreement. Our ability to borrow additional amounts under the Amended Credit Agreement is conditional upon the absence of any defaults, as well as the absence of any material adverse change (as defined in the Amended Credit Agreement). Indebtedness under the Amended Credit Agreement is ranked equally in right of payment to all unsecured senior debt. In November, 2024, we entered into two interest rate swap agreements: A USD interest rate swap agreement and a EUR interest rate swap agreement. The USD interest rate swap agreement covers the period November 15, 2024 through November 15, 2026. This transaction has the effect of fixing the SOFR portion of the interest rate (before the credit spread) on $125 million of the US indebtedness drawn under the Amended Credit Facility. Under the terms of this transaction, the Company pays a fixed rate of 3.987% and our counterparty pays a floating rate based on the one-month SOFR rate at each monthly calculation date. The EUR interest rate swap agreement covers the period November 14, 2024 through November 15, 2026. This transaction has the effect of fixing the EURIBOR portion of the interest rate (before the credit spread) on EUR 45 million of the EUR indebtedness drawn under the Amended Credit Facility. Under the terms of this transaction, the Company pays a fixed rate of 2.277% and our counterparty pays a floating rate based on the one-month EURIBOR rate at each monthly calculation date. On June 14, 2021, we entered into interest rate swap agreements for the period October 17, 2022 through October 27, 2024. These transactions had the effect of fixing the LIBOR portion of the effective interest rate (before addition of the spread) on $350 million of indebtedness, drawn under the Prior Agreement at the rate of 0.838% during the period. Under the terms of these transactions, we paid the fixed rate of 0.838% and the counterparties paid a floating rate based on the one-month LIBOR rate at each monthly calculation date. On June 29, 2023, the Company amended each Swap agreement, in accordance with the practical expedients included in Accounting Standards Codification (“ASC”) 848, Reference Rate Reform, to replace the LIBOR Benchmark with a Term SOFR Benchmark. As a result of the amendments, we paid a fixed blended rate of 0.768% (plus a credit spread adjustment as defined in the Swap Agreements) through October 27, 2024 on $350 million of borrowings under the Amended Credit Agreement and the counterparties paid a floating rate based on the one-month term SOFR at each monthly calculation date. These agreements terminated in October, 2024. These interest rate swaps are accounted for as a hedge of future cash flows, as further described in Note 18, Fair-Value Measurements , of the Notes to the Consolidated Financial Statements. No cash collateral was received or pledged in relation to the swap agreements. Assumed Foreign Bank Debt

Fair-Value Measurements

Fair-Value Measurements	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair-Value Measurements	Fair-Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The Company uses a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than quoted prices included in Level 1, such as quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data. Level 3 - Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. We had no Level 3 financial assets or liabilities at December 31, 2024, or at December 31, 2023, other than certain pension assets (see Note 4, Pension, Postretirement, and Other Benefit Plans , of the Notes to the Consolidated Financial Statements). The following table presents the fair-value hierarchy for our Level 1 and Level 2 financial and non-financial assets and liabilities, which are measured at fair value on a recurring basis: December 31, 2024 December 31, 2023 (in thousands) Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Fair Value Assets: Cash equivalents $ 11,273 $ — $ 27,157 $ — Foreign currency option contracts — 1,725 Foreign currency forward contracts — 199 Other Assets: Common stock of unaffiliated foreign public company (a) 631 — 682 — Interest rate swaps — 149 — 12,214 Liabilities: Other Non-Current Liabilities Interest rate swaps — (218) — — (a) Original cost basis $0.5 million Cash equivalents include short-term securities that are considered to be highly liquid and easily tradable. These securities are valued using inputs observable in active markets for identical securities. The interest rate swaps are accounted for as hedges of future cash flows. The fair value of our interest rate swaps are derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve, and is included in Other assets and/or Other noncurrent liabilities in the Consolidated Balance Sheets. Unrealized gains and losses on the interest rate swaps flow through the caption Derivative valuation adjustment in the Shareholders’ equity section of the Consolidated Balance Sheets. In November, 2024, the Company entered into a USD and EUR interest rate swap agreements (see Note 17, Financial Instruments, of the Notes to the Consolidated Financial Statements for additional information). As of December 31, 2024, these interest rate swaps were determined to be highly effective hedges of interest rate cash flow risk. Amounts accumulated in Other comprehensive income are reclassified as Interest expense/(income), net when the related interest payments (that is, the hedged forecasted transactions), affect earnings. Interest (income)/expense related to payments under the active swap agreements totaled $13.4 million in 2024, $(15.0) million in 2023 and $0.5 million in 2022. We operate our business in many regions of the world, and currency rate movements can have a significant effect on operating results. From time to time, we enter into foreign currency option contracts and forward contracts that are valued using quoted prices in active markets obtained from independent pricing sources. These instruments are measured using market foreign exchange prices and are recorded in the Consolidated Balance Sheets as Other assets and Accounts payable, as applicable. Changes in fair value of these instruments are recorded as gains or losses within Other (income)/expense, net. When exercised, the foreign currency instruments are net settled with the same financial institution that bought or sold them. For all positions, whether options or forward contracts, there is risk from the possible inability of the financial institution to meet the terms of the contracts and the risk of unfavorable changes in interest and currency rates, which may reduce the value of the instruments. We seek to mitigate risk by evaluating the creditworthiness of counterparties and by monitoring the currency exchange and interest rate markets while reviewing the hedging risks and contracts to ensure compliance with our internal guidelines and policies. (Gains)/losses related to changes in fair value of derivative instruments that were recognized in Other (income)/expense, net in the Consolidated Statements of Income were as follows: (in thousands) 2024 2023 2022 Derivatives not designated as hedging instruments: Foreign currency hedging (gains)/losses $ 3,459 $ (351) $ (509)

Other Noncurrent Liabilities

Other Noncurrent Liabilities	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities	19. Other Noncurrent Liabilities As of December 31, 2024 and 2023, Other noncurrent liabilities consisted of the following: (in thousands) 2024 2023 Operating leases $ 61,062 $ 50,637 Postretirement benefits other than pensions 23,943 25,876 Pension liabilities 46,041 59,431 Incentive and deferred compensation 1,908 1,957 Other 5,876 1,484 Total other noncurrent liabilities $ 138,830 $ 139,385

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Lessee Disclosure [Abstract]
Leases	Leases We are generally the lessee in our lease transactions. Lessees are required to recognize a lease liability and a right of use ("ROU") asset for leases with terms greater than 12 months, in accordance with the practical expedient that is available for ongoing accounting. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term, using the rate implicit in the lease. If that rate is not readily determinable, the rate is based on the Company’s incremental borrowing rate. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease. Our ROU assets include the values associated with the additional periods when it is reasonably certain that we will exercise the option. We review the carrying value of ROU assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. We have entered into operating and finance leases for offices, manufacturing facilities, warehouses, vehicles, and certain equipment. Our leases have remaining lease terms of 2 years to 15 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 2 years. The components of lease expense were as follows: For the years ended (in thousands) December 31, 2024 December 31, 2023 December 31, 2022 Finance lease: Amortization of right-of-use asset $ — $ — $ 416 Interest on lease liabilities — — 529 Operating lease: Fixed lease cost 10,776 9,591 6,036 Variable lease cost 516 108 438 Short-term lease cost 2,170 2,060 1,025 Total lease expense $ 13,462 $ 11,759 $ 8,444 Supplemental cash flow information related to leases was as follows: For the years ended (in thousands) December 31, 2024 December 31, 2023 December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 11,204 $ 10,105 $ 6,612 Operating cash outflows from finance leases — — 529 Financing cash outflows from finance leases — — 654 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 17,698 $ 9,114 $ 38,559 The initial recognition of each ROU asset and lease liability at lease commencement is a noncash transaction that is excluded from amounts reported in the Consolidated Statements of Cash Flows. Supplemental balance sheet information related to leases was as follows: (in thousands) December 31, 2024 December 31, 2023 Operating leases Right of use assets included in Other assets $ 61,671 $ 50,825 Lease liabilities included in Accrued liabilities $ 7,607 $ 7,335 Other noncurrent liabilities 61,062 50,637 Total operating lease liabilities $ 68,669 $ 57,972 Additional information for leases existing at December 31, 2024 and 2023 was as follows: December 31, 2024 December 31, 2023 Weighted average remaining lease term Operating leases 13 years 10 years Weighted average discount rate Operating leases 5.8 % 5.4 % Maturities of lease liabilities as of December 31, 2024 were as follows: (in thousands) Operating leases Year ending December 31, 2025 $ 11,351 2026 9,893 2027 8,414 2028 5,847 2029 5,354 Thereafter 57,958 Total lease payments 98,817 Less imputed interest (30,148) Total $ 68,669
Leases	Leases We are generally the lessee in our lease transactions. Lessees are required to recognize a lease liability and a right of use ("ROU") asset for leases with terms greater than 12 months, in accordance with the practical expedient that is available for ongoing accounting. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term, using the rate implicit in the lease. If that rate is not readily determinable, the rate is based on the Company’s incremental borrowing rate. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease. Our ROU assets include the values associated with the additional periods when it is reasonably certain that we will exercise the option. We review the carrying value of ROU assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. We have entered into operating and finance leases for offices, manufacturing facilities, warehouses, vehicles, and certain equipment. Our leases have remaining lease terms of 2 years to 15 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 2 years. The components of lease expense were as follows: For the years ended (in thousands) December 31, 2024 December 31, 2023 December 31, 2022 Finance lease: Amortization of right-of-use asset $ — $ — $ 416 Interest on lease liabilities — — 529 Operating lease: Fixed lease cost 10,776 9,591 6,036 Variable lease cost 516 108 438 Short-term lease cost 2,170 2,060 1,025 Total lease expense $ 13,462 $ 11,759 $ 8,444 Supplemental cash flow information related to leases was as follows: For the years ended (in thousands) December 31, 2024 December 31, 2023 December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 11,204 $ 10,105 $ 6,612 Operating cash outflows from finance leases — — 529 Financing cash outflows from finance leases — — 654 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 17,698 $ 9,114 $ 38,559 The initial recognition of each ROU asset and lease liability at lease commencement is a noncash transaction that is excluded from amounts reported in the Consolidated Statements of Cash Flows. Supplemental balance sheet information related to leases was as follows: (in thousands) December 31, 2024 December 31, 2023 Operating leases Right of use assets included in Other assets $ 61,671 $ 50,825 Lease liabilities included in Accrued liabilities $ 7,607 $ 7,335 Other noncurrent liabilities 61,062 50,637 Total operating lease liabilities $ 68,669 $ 57,972 Additional information for leases existing at December 31, 2024 and 2023 was as follows: December 31, 2024 December 31, 2023 Weighted average remaining lease term Operating leases 13 years 10 years Weighted average discount rate Operating leases 5.8 % 5.4 % Maturities of lease liabilities as of December 31, 2024 were as follows: (in thousands) Operating leases Year ending December 31, 2025 $ 11,351 2026 9,893 2027 8,414 2028 5,847 2029 5,354 Thereafter 57,958 Total lease payments 98,817 Less imputed interest (30,148) Total $ 68,669

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Asbestos Litigation Albany International Corp. is a defendant in suits brought in various courts in the United States by plaintiffs who allege that they have suffered personal injury as a result of exposure to asbestos-containing paper machine clothing synthetic dryer fabrics marketed during the period from 1967 to 1976 and used in certain paper mills. We were defending 3,646 claims as of December 31, 2024. The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented: Year ended December 31, Opening Number of Claims Claims Dismissed, Settled, or New Claims Closing Number of Claims Amounts Paid (thousands) to 2022 3,609 43 32 3,598 $125 2023 3,598 19 27 3,606 74 2024 3,606 10 50 3,646 13 We anticipate that additional claims will be filed against the Company and related companies in the future, but are unable to predict the number and timing of such future claims. Due to the fact that information sufficient to meaningfully estimate a range of possible loss of a particular claim is typically not available until late in the discovery process, we do not believe a meaningful estimate can be made regarding the range of possible loss with respect to pending or future claims and therefore we are unable to estimate a range of reasonably possible loss in excess of amounts already accrued for pending or future claims. While we believe we have meritorious defenses to these claims, we have settled certain claims for amounts we consider reasonable given the facts and circumstances of each case. Our insurance carrier has defended each case and funded settlements under a standard reservation of rights. As of December 31, 2024 we had resolved, by means of settlement or dismissal, 38,051 claims. The total cost of resolving all claims was $10.7 million. Of this amount, almost 100% was paid by our insurance carrier, who has confirmed that we have approximately $140 million of remaining coverage under primary and excess policies that should be available with respect to current and future asbestos claims. We currently do not anticipate, based on currently available information, that the ultimate resolution of the aforementioned proceedings will have a material adverse effect on the financial position, results of operations, or cash flows of the Company. Although we cannot predict the number and timing of future claims, based on the foregoing factors, the trends in claims filed against us, and available insurance, we also do not currently anticipate that potential future claims will have a material adverse effect on our financial position, results of operations, or cash flows.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation We have cash-based and stock-based incentive compensation plans that can be awarded for key employees, which are designed to reward short and long-term contributions and used as retention incentives for key senior management. We grant stock-based awards in the form of restricted stock units that are generally settled with the issuance of Class A shares. We grant performance phantom stock units that are treated as liability-based awards and are generally settled in cash. The vesting periods generally range between one Performance and Retention Awards The Albany International 2017 and 2023 Long-term Incentive Plans provide senior executive members of management with incentive compensation based on achieving certain performance or service measures. Awards can be settled in cash or shares of Class A Common Stock. If the settlement is in the form of Class A Common Stock, participants may elect to receive shares net of applicable income taxes. Annual Performance Period Awards Annual cash-based incentives were granted to executives as annual performance period ("APP") awards. Cash payments of $3.1 million in 2024, $3.9 million in 2023 and $4.5 million in 2022 were made as a result of the performance in the preceding year. In addition, due to the vesting of certain compensation costs for executives that departed from the Company, additional cash payments were made of $0.6 million in 2024 and $0.9 million in 2023. Multi-Year Performance Plan Awards Long-term performance incentives were granted to executives as multi-year performance plan ("MPP") awards in each of 2022, 2023 and 2024. Each of these awards vests three years after the grant date, and the extent of payout is dependent upon the achievement of certain performance metrics during the three-year performance period, as defined by the Compensation Committee of the Board of Directors. Settlement of the awards are scheduled to occur no later than 90 days after the end of the performance period. If a participant terminates employment prior to the award becoming fully vested, the participant forfeits a portion of the MPP award. The grant date share price is determined when the awards are approved by the Compensation Committee of the Board of Directors each year and that price is used to measure the cost for the share-based portion of an award. MPP awards are generally settled in shares. Expense associated with these awards is recognized over the vesting period. In connection with these awards, we recognized expense of $1.6 million in 2024, $5.1 million in 2023 and $3.9 million in 2022. The net impact to earnings for the respective years was $1.4 million, $4.3 million, and $2.7 million. Based on current estimates of achievement of certain performance metrics, we anticipate recognizing $0.9 million of expense in 2025 and $0.4 million of expense in 2026. Restricted Stock Unit Awards Long-term restricted stock unit awards (“RSU”) were granted to executives and vest annually and settle in shares no later than 90 days after the vesting period ends. The grant date share price is the date when the award is approved by the Compensation Committee of the Board of Directors and is used to measure the cost of the award. We recognized $2.6 million of expense in 2024 associated with these RSU’s, for which the net impact to earnings was $2.3 million. Expense recognized for RSU’s was $4.2 million in 2023, which included $1.7 million as a result of executives that departed during the year, and $1.5 million in 2022. The net impact to earnings during these respective years was $3.5 million and $1.0 million. Based on RSU’s outstanding at December 31, 2024, we expect to record approximately $1.4 million of expense in 2025 and $0.9 million of expense in 2026. Special Retention Incentives During 2024 and 2023, RSU awards with performance conditions were issued as special retention incentives to certain executives. The expenses for these awards were $2.2 million in 2024 and $0.9 million in 2023, for which the net impact to earnings was $1.9 million in 2024 and $0.8 million in 2023. Based on awards outstanding at December 31, 2024, we expect to record approximately $1.2 million of expense in 2025. As of December 31, 2024, there were 1,524,080 shares of Company stock authorized for the payment of awards under these plans. Information with respect to these plans is presented below: (in thousands, except number of shares and weighted average grant date value per share) Number of shares Weighted average grant date value Year-end intrinsic value Shares potentially payable at January 1, 2022 107,630 $ 75.99 $ 8,179 Forfeitures — Payments (35,897) $ 84.27 Shares accrued based on 2022 performance 64,208 $ 86.00 Shares potentially payable at December 31, 2022 135,941 $ 79.11 $ 10,754 Forfeitures (9,035) $ 92.02 Payments (112,279) $ 86.35 Shares accrued based on 2023 performance 124,181 $ 92.52 Shares potentially payable at December 31, 2023 138,808 $ 84.41 $ 11,717 Forfeitures (14,689) $ 87.61 Payments (77,782) $ 89.44 Shares accrued based on 2024 performance 81,468 $ 91.80 Shares potentially payable at December 31, 2024 127,805 $ 85.69 $ 10,952 Performance Phantom Stock Long-term cash retention incentives with a performance component were granted to members of management as Phantom Stock Plan ("PSP") awards. Awards under this plan vest over a 3 to 5 year Non-employee Director stock compensation

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity We currently have one class of Common Stock, Class A Common Stock, with a par value of $0.001. Each share is entitled to one vote on all matters submitted to shareholders, and will receive dividends as approved by the Board of Directors. The Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts. The program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion. The share repurchase program does not have an expiration date. The timing and amount of any share repurchases will be based on the Company’s liquidity, general business and market conditions, debt covenant restrictions and other factors, including alternative investment opportunities and capital structure. As of December 31, 2024, the Company has repurchased in total 1,490,904 shares for a total cost of $124.0 million. Of this, 182,901 shares were repurchased in 2024 for $14.5 million, 1,022,717 shares were purchased in 2022 for $85.1 million, and 285,286 shares were purchased in 2021 for $24.4 million. We are currently authorized to repurchase shares up to $76.0 million. Activity in Shareholders’ equity for 2022, 2023, and 2024 is presented below: (in thousands) Class A Common Stock Additional paid-in capital Retained earnings Accumulated items of other Class A Treasury Stock Noncontrolling Interest Total Equity Shares Amount Shares Amount January 1, 2022 40,760 $ 41 $ 436,996 $ 863,057 $ (145,984) 8,665 $ (280,143) $ 3,638 $ 877,605 Net income — — — 95,762 — — — 746 96,508 Compensation and benefits paid or payable in shares 24 — 3,727 — — — — — 3,727 Options exercised 1 — 17 — — — — — 17 Shares issued to Directors' — — 800 — — (13) 285 — 1,085 Purchase of Treasury shares (a) — — — — — 1,023 (85,065) — (85,065) Dividends declared on Class A Common Stock, $0.88 per share — — — (27,501) — — — — (27,501) Cumulative translation adjustments — — — — (40,971) — — 110 (40,861) Pension and postretirement liability adjustments — — — — (3,491) — — — (3,491) Settlement of certain pension liabilities — — — — 26,198 26,198 Derivative valuation adjustment — — — — 19,321 — — — 19,321 December 31, 2022 40,785 $ 41 $ 441,540 $ 931,318 $ (144,927) 9,675 $ (364,923) $ 4,494 $ 867,543 (in thousands) Class A Additional paid-in capital Retained earnings Accumulated items of other Class A Noncontrolling Interest Total Equity Shares Amount Shares Amount January 1, 2023 40,785 $ 41 $ 441,540 $ 931,318 $ (144,927) 9,675 $ (364,923) $ 4,494 $ 867,543 Net income — — — 111,120 — — — 490 111,610 Compensation and benefits paid or payable in shares 71 — 5,851 — — — — — 5,851 Shares issued to Directors' — — 827 — — (13) 258 — 1,085 Dividends declared on Class A Common Stock, $1.01 per share — — — (31,496) — — — — (31,496) Initial equity related to Noncontrolling interest in Arcari — — — — — — — 509 509 Cumulative translation adjustments — — — — 21,950 — — 459 22,409 Pension and postretirement liability adjustments — — — — (1,563) — — — (1,563) Derivative valuation adjustment — — — — (8,628) — — — (8,628) December 31, 2023 40,856 $ 41 $ 448,218 $ 1,010,942 $ (133,168) 9,662 $ (364,665) $ 5,952 $ 967,320 (in thousands) Class A Common Stock Additional paid-in capital Retained earnings Accumulated items of other Class A Treasury Stock Noncontrolling Interest Total Equity Shares Amount Shares Amount January 1, 2024 40,856 $ 41 $ 448,218 $ 1,010,942 $ (133,168) 9,662 $ (364,665) $ 5,952 $ 967,320 Net income — — — 87,623 — — — 432 88,055 Compensation and benefits paid or payable in shares 51 — 3,812 — — — — — 3,812 Shares issued to Directors' 10 — 903 — — — — — 903 Purchase of Treasury shares (a) — — — — — 183 (14,545) — (14,545) Dividends declared on Class A Common Stock, $1.05 per share — — — (32,802) — — — — (32,802) Dividends paid to noncontrolling interests — — — — — — — (166) (166) Cumulative translation adjustments — — — — (56,654) — — (809) (57,463) Pension and postretirement liability adjustments — — — — 3,018 — — — 3,018 Derivative valuation adjustment — — — — (9,185) — — — (9,185) December 31, 2024 40,917 $ 41 $ 452,933 $ 1,065,763 $ (195,989) 9,845 $ (379,210) $ 5,409 $ 948,947 (a)

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 21, 2025, the Company's Board of Directors authorized the Company to repurchase shares up to $250 million (excluding any fees, commissions, taxes or other expenses related to such purchases), which replaces the 2021 authorization. The purchases may be made through open market purchases, privately negotiated transactions or otherwise. The program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion. The share repurchase program does not have an expiration date. The timing and amount of any share repurchases will be based on the Company’s liquidity, general business and market conditions, debt covenant restrictions and other factors, including alternative investment opportunities and capital structure.

VALUATION AND QUALIFYING ACCOUN

VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
VALUATION AND QUALIFYING ACCOUNTS	ALBANY INTERNATIONAL CORP. AND SUBSIDIARIES VALUATION AND QUALIFYING ACCOUNTS (Amounts in thousands) Column A Column B Column C Column D Column E Description Balance at beginning of period Charge to expense Other (a) Balance at end of the period Allowance for doubtful accounts Year ended December 31: 2024 $ 6,190 $ 310 $ (1,575) $ 4,925 2023 3,984 640 1,566 6,190 2022 3,248 1,408 (672) 3,984 Allowance for sales returns Year ended December 31: 2024 $ 10,232 $ 6,253 $ (7,063) $ 9,422 2023 9,070 5,499 (4,337) 10,232 2022 9,552 6,130 (6,612) 9,070 Valuation allowance deferred tax assets Year ended December 31: 2024 $ 9,848 $ 6,855 $ (1,207) $ 15,496 2023 9,786 (1,381) 1,443 9,848 2022 10,659 (839) (34) 9,786 __________________________ (a) Amounts acquired, sold, written off, or recovered, and the effect of changes in currency translation rates, are included in Column D.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 87,623	$ 111,120	$ 95,762

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Albany International Corp. views cybersecurity risk management as a cornerstone of our Enterprise Risk Management ("ERM") strategy, and we are committed to protecting our digital assets and sustaining investor confidence. Cybersecurity risks we face include data breaches, operational disruptions, reputational harm, and regulatory fines. Such incidents could lead to shutdowns or disruptions of or damage to our systems and those of our customers and suppliers, and unauthorized disclosure of sensitive or confidential information, potentially including personal data and proprietary business information. Unauthorized disclosure of, denial of access to, or other incidents involving sensitive or confidential Company, employee, customer or supplier data, whether through systems failure, employee negligence, fraud, misappropriation, or cybersecurity, ransomware or malware attacks, or other intentional or unintentional acts, could damage our reputation and our competitive positioning in the marketplace, disrupt our business or our customers' businesses, cause us to lose customers and result in significant financial exposure and legal liability. These risks are identified, assessed and managed within the broader context of our ERM strategy, ensuring a comprehensive approach to organizational risk. We incorporate cybersecurity risk assessments into our overall enterprise risk assessment process. This integration ensures that cyber risks are evaluated and managed alongside other operational, financial, and strategic risks, offering a holistic view of our risk landscape. Our ERM strategy is overseen by an Enterprise Risk Management Committee, which is made up of representatives from our finance, legal, accounting, internal audit and global information systems functions, our business leaders and members of the Senior Leadership Team. It is led by our Chief Financial Officer and its actions are reported to our Board of Directors on a quarterly basis. Our Chief Information Officer and Director of Information Security, along with members of their respective teams, are responsible for identifying and managing cybersecurity risk. The Senior Leadership Team, the Board of Directors and the Board’s Audit Committee receive regular updates and engage in regular strategic discussions relating to cybersecurity risk management as part of their overall oversight of risk management. Our cybersecurity framework leverages internationally recognized standards, including the CIS 20 and the NIST SP 800-171 frameworks, and is required to comply with the Department of Defense CMMC. We have policies and procedures in place designed to maintain compliance with relevant cybersecurity and data privacy laws and regulations in the jurisdictions in which we operate, such as the European Union GDPR and the California Consumer Privacy Act. Our cybersecurity strategy includes policies, procedures, and technology that proactively safeguard our operations against cybersecurity threats. Internal teams and external experts regularly conduct risk assessments and audits to identify cybersecurity threats, ensure regulatory compliance, and adhere to control process best practices. Continuous monitoring of our networks and systems for threats and vulnerabilities is a key component of our strategy, supported by the analysis of threat intelligence from external sources. This multi-layered approach enables early detection and facilitates prompt response to potential cybersecurity threats. We regularly review and update our cybersecurity strategies, policies and procedures, taking into consideration the latest advancements in cybersecurity practices and changes to the threat landscape. We have a cybersecurity incident response and crisis management plan in place, which incorporates regular training and simulation exercises, including with senior management, to ensure readiness and efficacy in responding to cybersecurity incidents. Our incident response and crisis management plan coordinates the activities we will take to prepare for, detect, respond to and recover from cybersecurity incidents, which include processes to triage, assess severity for, escalate, contain, investigate, and remediate the incident, as well as to comply with potentially applicable legal obligations and mitigate reputational damage. In addition, we provide regular security awareness education and training for all employees and consultants, conduct internal “phishing” testing and training for “clickers,” require mandatory security training for all new hires and publish periodic cybersecurity newsletters to highlight any emerging or urgent security threats. We also carry insurance that provides protection against the potential losses arising from a cybersecurity incident. We engage qualified third-party cybersecurity experts for in-depth cyber risk assessments, penetration tests, and compliance audits, which provide impartial perspective and insight into our cybersecurity posture and we engage consultants for the development and refinement of our cybersecurity strategy and maturity, drawing upon industry best practices and regulatory knowledge. These collaborations also include the refinement of our incident response and crisis management plan and employee training, emphasizing the transfer of knowledge for sustainable in-house capabilities. Our cybersecurity risk management processes extend to the oversight and identification of threats associated with our use of third-party service providers. We set clear objectives for third-party service providers, and we assess cybersecurity practices and any history of security incidents before engaging any potential service providers. Our contracts explicitly include requirements relating to cybersecurity, including adherence to certain standards, to ensure compliance with our security protocols. Once engaged, we regularly monitor the cybersecurity posture of major providers through log reports and intelligent threat protection analysis. Our business strategy, results of operations and financial condition have not been materially affected by risks from cybersecurity threats, including as a result of previous cybersecurity incidents, but we cannot provide assurance that they will not be materially affected in the future by such risks and any future material incidents. Based on our review of past cybersecurity incidents, we believe that all such incidents were addressed promptly and effectively. In the last fiscal three years, we have not experienced any material information cybersecurity incidents and the expenses we have incurred from any cybersecurity incidents were immaterial. See Item 1A, “Risk Factors” of this Annual Report on Form 10-K for more information on our cybersecurity-related risks.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Albany International Corp. views cybersecurity risk management as a cornerstone of our Enterprise Risk Management ("ERM") strategy, and we are committed to protecting our digital assets and sustaining investor confidence. Cybersecurity risks we face include data breaches, operational disruptions, reputational harm, and regulatory fines. Such incidents could lead to shutdowns or disruptions of or damage to our systems and those of our customers and suppliers, and unauthorized disclosure of sensitive or confidential information, potentially including personal data and proprietary business information. Unauthorized disclosure of, denial of access to, or other incidents involving sensitive or confidential Company, employee, customer or supplier data, whether through systems failure, employee negligence, fraud, misappropriation, or cybersecurity, ransomware or malware attacks, or other intentional or unintentional acts, could damage our reputation and our competitive positioning in the marketplace, disrupt our business or our customers' businesses, cause us to lose customers and result in significant financial exposure and legal liability.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Board of Directors oversees our risk management processes, including with respect to cybersecurity risk, and the Board considers cybersecurity risk management an enterprise priority.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board has delegated primary responsibility for reviewing and discussing with management our strategies, initiatives and policies relating to cybersecurity to the Audit Committee, which regularly reports to the full Board regarding such review and discussions.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	As part of their oversight of cybersecurity risk, the Board and Audit Committee regularly review detailed cybersecurity reports, which include analyses of the threat landscape, recent incidents, and the efficacy of our cybersecurity strategy. In addition, the Chief Information Officer provides bi-annual updates to the Audit Committee and annual briefings to the full Board on our cybersecurity posture, strategy, and risk management. These reviews and updates are complemented by ongoing cybersecurity training for board members to enhance their decision-making and oversight effectiveness. Regular active engagement in strategic discussions by the Board and Audit Committee ensures that cybersecurity considerations are effectively integrated into our overall business strategy and align with Company objectives and demonstrates the Board’s commitment to proactive cybersecurity oversight.
Cybersecurity Risk Role of Management [Text Block]	Although the Board oversees our overall risk management, day-to-day management of cybersecurity risk is the responsibility of management. Management’s critical role involves assessing and managing these risks through regular evaluations, deploying advanced security measures, and developing policies. Management integrates these strategies across all our operations, fostering a culture of cybersecurity awareness within the Company. This proactive stance is essential to safeguarding digital assets and ensuring operational resilience against evolving cyber threats. Quarterly, the Chief Information Officer presents detailed cybersecurity reports to the Enterprise Risk Committee, focusing on strategic initiatives and evolving threats. The Enterprise Risk Committee, meeting quarterly, evaluates cybersecurity within the broader organizational risk context, ensuring consistent assessment and management. The Chief Financial Officer chairs quarterly Enterprise Risk Management Committee meetings to review and evaluate various risk factors, including cybersecurity. The Chief Financial Officer's expertise in financial risk management, strategic planning, and organizational leadership is instrumental in guiding the committee's discussions and decisions. The Chief Financial Officer ensures that appropriate financial and operational implications of cybersecurity risk are considered and integrated into our Enterprise Risk Management Strategy. The Chief Information Officer oversees our broader IT strategy, including cybersecurity, and presents quarterly to the Enterprise Risk Management Committee, bi-annually to the Audit Committee, and annually to the Board. The Chief Information Officer's expertise in information technology, cybersecurity, and strategic planning, forged over 24 years, 20 of which has been spent in leadership at global publicly traded companies, is integral to our approach to cybersecurity risk management. This expertise is crucial in aligning our cybersecurity initiatives with business objectives, ensuring that our strategies effectively support the Company's overall goals. The Director of Information Security, reporting to and collaborating with the Chief Information Officer, manages our Enterprise Cybersecurity team. Day-to-day responsibilities include the implementation of cybersecurity strategies, cybersecurity risk management, and enhancing defenses against evolving threats. Our Director of Information Security has over 30 years of IT experience, 10 of which have been spent leading the Company’s cybersecurity efforts. The Information Security plays a key role in shaping our cybersecurity strategy, ensuring alignment with industry standards and integration into our broader IT strategy.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Management’s critical role involves assessing and managing these risks through regular evaluations, deploying advanced security measures, and developing policies. Management integrates these strategies across all our operations, fostering a culture of cybersecurity awareness within the Company. This proactive stance is essential to safeguarding digital assets and ensuring operational resilience against evolving cyber threats. Quarterly, the Chief Information Officer presents detailed cybersecurity reports to the Enterprise Risk Committee, focusing on strategic initiatives and evolving threats. The Enterprise Risk Committee, meeting quarterly, evaluates cybersecurity within the broader organizational risk context, ensuring consistent assessment and management. The Chief Financial Officer chairs quarterly Enterprise Risk Management Committee meetings to review and evaluate various risk factors, including cybersecurity. The Chief Financial Officer's expertise in financial risk management, strategic planning, and organizational leadership is instrumental in guiding the committee's discussions and decisions. The Chief Financial Officer ensures that appropriate financial and operational implications of cybersecurity risk are considered and integrated into our Enterprise Risk Management Strategy. The Chief Information Officer oversees our broader IT strategy, including cybersecurity, and presents quarterly to the Enterprise Risk Management Committee, bi-annually to the Audit Committee, and annually to the Board. The Chief Information Officer's expertise in information technology, cybersecurity, and strategic planning, forged over 24 years, 20 of which has been spent in leadership at global publicly traded companies, is integral to our approach to cybersecurity risk management. This expertise is crucial in aligning our cybersecurity initiatives with business objectives, ensuring that our strategies effectively support the Company's overall goals. The Director of Information Security, reporting to and collaborating with the Chief Information Officer, manages our Enterprise Cybersecurity team. Day-to-day responsibilities include the implementation of cybersecurity strategies, cybersecurity risk management, and enhancing defenses against evolving threats. Our Director of Information Security has over 30 years of IT experience, 10 of which have been spent leading the Company’s cybersecurity efforts. The Information Security plays a key role in shaping our cybersecurity strategy, ensuring alignment with industry standards and integration into our broader IT strategy.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The Chief Information Officer's expertise in information technology, cybersecurity, and strategic planning, forged over 24 years, 20 of which has been spent in leadership at global publicly traded companies, is integral to our approach to cybersecurity risk management.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Quarterly, the Chief Information Officer presents detailed cybersecurity reports to the Enterprise Risk Committee, focusing on strategic initiatives and evolving threats. The Enterprise Risk Committee, meeting quarterly, evaluates cybersecurity within the broader organizational risk context, ensuring consistent assessment and management.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") and include the accounts of Albany International Corp. and its subsidiaries (the Company, Albany, we, us, or our) after elimination of intercompany transactions. Certain prior year amounts have been reclassified in order to conform to current year presentation. Global information system costs previously included in Corporate expenses are allocated to the segments. Management believes this presentation better reflects the performance of the segments and is how management will review segment performance on a going forward basis. See Note 3, Reportable Segments and Geographical Data, of the Notes to the Consolidated Financial Statements for more information on our segments. On August 31, 2023, the Company completed the acquisition of Heimbach GmbH ("Heimbach"), a privately-held manufacturer of paper machine clothing and technical textiles, as further described in Note 24, Business Combination , of the Notes to the Consolidated Financial Statements of our 2023 Annual Report on Form 10-K . The financial results of the acquired company are included in the Machine Clothing reportable segment since the date of the acquisition. The Company owns 90% of the common equity of Albany Safran Composites, LLC ("ASC") which is reported within the Albany Engineered Composites segment. The Company also owns 85% of Arcari, SRL ("Arcari"), a manufacturer of textile and plastic industrial technical products and conveyor belts, which is a subsidiary of Heimbach GmbH, the paper machine clothing manufacturer recently acquired by the Company and reported within the Machine Clothing segment. Additional information regarding noncontrolling interest is included in Note 10, Noncontrolling Interest , of the Notes to the Consolidated Financial Statements.
Estimates	Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used in the accounting for, among others, revenue recognition, contract profitability, allowances for doubtful accounts, rebates and sales allowances, inventory allowances, financial instruments, including derivatives, pension and other postretirement benefits, goodwill and intangible assets, contingencies, income taxes, and other accruals. Our estimates are based on historical experience and on various other assumptions, which are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may materially differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of any revisions are reflected in the consolidated financial statements in the period they are determined to be necessary.
Revenue Recognition	Revenue Recognition In our Machine Clothing ("MC") business segment, we recognize revenue at the point in time when we satisfy our performance obligations related to the manufacture and delivery of products. In our Albany Engineered Composites ("AEC") business segment, revenue from most long-term contracts is generally recognized over time using an input method as the measure of progress. The amount of revenue in excess of progress billings on long-term contracts is included in Contract assets, net, which represent rights to consideration that are conditional on something other than the passage of time, such as completion of remaining performance obligations. For over time contracts, we are required to limit our estimate of contract values to the period of the legally enforceable contract. While certain contracts are expected to be profitable over the course of the program life when including expected renewals, our estimate of contract revenues and costs is limited to the estimated value of enforceable rights and obligations, excluding anticipated renewals. This contract period may result in a loss contract provision at contract inception. Expected losses on projects include losses on contract options that are probable of exercise, excluding profitable options that may follow. For contracts with anticipated losses, a provision for the entire amount of the estimated remaining loss is charged against income in the period in which the loss becomes known. Contract losses are determined considering all direct and indirect contract costs, exclusive of any selling, general or administrative cost allocations, which are treated as period expenses. Products and services provided under long-term contracts represent a significant portion of Net revenues in the AEC segment. We have a contract with a major customer for which revenue is recognized under a cost-plus-fee agreement. We also have fixed price long-term contracts, for which we use the percentage of completion (incurred cost to total estimated cost) method. That method requires significant judgment and estimation, which could be considerably different if the underlying circumstances were to change. When adjustments in estimated contract revenues or costs are required, any changes from prior estimates are included in earnings in the period the change occurs. Additional accounting policies related to revenue from contracts with customers are set forth in Note 2, Revenue Recognition , of the Notes to the Consolidated Financial Statements. We limit the concentration of credit risk in receivables by closely monitoring credit and collection policies. We record allowances for sales returns as a deduction in the computation of Net revenues. Such provisions are recorded on the basis of written communication with customers and/or historical experience. Any value added taxes that are imposed on sales transactions are excluded from Net revenues.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold includes the cost of materials, provisions for obsolete inventories, labor and supplies, shipping and handling costs, depreciation of manufacturing facilities and equipment, purchasing, receiving, warehousing, and other expenses. Cost of goods sold also includes provisions for loss contracts and charges for the write-off of inventories that result from an exit activity.
Selling, General, and Administrative (SG&A) Expenses	Selling, General, and Administrative ("SG&A") Expenses Selling, general, and administrative expenses are primarily comprised of wages, incentive compensation, benefits, travel, professional fees, revaluation of trade foreign currency balances, global information system costs, and other costs, and are expensed as incurred. Selling expense includes costs related to contract acquisition and provisions for expected credit losses on financial assets measured at amortized cost. Technical and Research Expenses Technical and research expenses are charged to operations as incurred and consist primarily of compensation, supplies, and professional fees incurred in connection with intellectual property. The AEC segment participates in both company-sponsored, and customer-funded research and development. Some customer-funded research and development may be on a cost-sharing basis and considered to be a collaborative arrangement, in which case both parties are active participants and are exposed to the risks and rewards dependent on the success of the activity. In such cases, amounts charged to the collaborating entity are credited against research and development expense. For customer-funded research and development in which we anticipate funding to exceed expenses, we include amounts charged to the customer in Net revenues, while expenses are included in Cost of goods sold.
Restructuring Expense	Restructuring Expense We may incur expenses related to exiting a line of business or restructuring of our operations or organizational structure, which could include employee termination costs, costs to consolidate or close facilities, or costs to terminate contractual relationships. Restructuring expenses may also include impairment of Property, plant and equipment, as described below under “Property, Plant and Equipment.” Employee termination costs include severance pay and social costs for periods after employee service is completed. Termination costs related to an ongoing benefit arrangement are recognized when the amount becomes probable and estimable. Termination costs related to a one- time benefit arrangement are recognized at the communication date to employees. Costs related to contract termination, relocation of employees, outplacement and the consolidation or the closure of facilities, are recognized when incurred.
Income Taxes	Income Taxes Deferred income taxes are recognized for the tax consequences of temporary differences and tax attributes by applying enacted statutory tax rates applicable for future years to differences between existing assets and liabilities for financial reporting and income tax return purposes. The effect of tax rate changes on deferred taxes is recognized in the income tax provision in the period that includes the enactment date. A valuation allowance is established, as needed, to reduce net deferred tax assets to the amount expected to be realized. In the event it becomes more likely than not that some or all of the deferred tax asset valuation allowances will not be needed, the valuation allowance will be adjusted.
Earnings Per Share	Earnings Per Share Basic net income or loss per share is computed using the weighted average number of shares of Class A Common Stock outstanding during each year. Diluted net income per share includes the effect of all potentially dilutive securities. If we report a net loss from continuing operations, the diluted loss per share is equal to the basic earnings per share calculation.
Translation of Financial Statements	Translation of Financial Statements Assets and liabilities of non-U.S. operations are translated at year-end rates of exchange, and the income statement accounts are translated at average monthly exchange rates. Gains or losses resulting from translating non-U.S. currency financial statements into U.S. dollars are recorded in other comprehensive income and accumulated in Shareholders’ equity in the caption “Translation adjustments.”
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid short-term investments with original maturities of three months or less.
Accounts Receivable	Accounts Receivable Accounts receivable includes trade and other accounts receivables and Bank promissory notes. In connection with certain sales in Asia Pacific, the Company accepts a bank promissory note as customer payment. The notes may be presented for payment at maturity, which is less than one year. In accordance with ASC 326, Current Expected Credit Losses ("CECL"), the Company recognizes an allowance for expected credit losses on financial assets measured at amortized cost, such as Accounts receivable, Contract assets and Noncurrent receivables. The allowance is determined using a CECL model that is based on an historical average three-year loss rate and is measured by financial asset type on a collective (pool) basis when similar risk characteristics exist, at an amount equal to lifetime expected credit losses. The estimate reflects the risk of loss due to credit default, even when the risk is remote, and considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable expected future economic conditions.
Contract Assets and Contract Liabilities	Contract Assets and Contract Liabilities Contract assets includes unbilled amounts typically resulting from sales under contracts when the cost-to-cost method of revenue recognition is utilized, and revenue recognized exceeds the amount billed to the customer. Contract assets are transferred to Accounts receivable, net, when the entitlement to payment becomes unconditional. Contract liabilities include advance payments and billings in excess of revenue recognized. Contract liabilities are included in Accrued liabilities in the Consolidated Balance Sheet.
Inventories	Inventories Costs included in inventories are raw materials, labor, supplies and allocable depreciation and overhead. Raw materials inventory is valued on an average cost basis. Other inventory cost elements are valued at cost, using the first-in, first-out method. The Company writes down the inventories for estimated obsolescence, and to lower of cost or net realizable value based upon assumptions about future demand and market conditions. Write-downs of inventories are charged to Cost of goods sold. If actual demand or market conditions are less favorable than those projected by the Company, additional inventory write-downs may be required. Once established, the original cost of the inventory less the related write-down represents the new cost basis of such inventories.
Leases	Leases We determine if an arrangement is a lease at inception. A contract is, or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, we assess whether: • The contract involves the use of an identified asset. This may be specified explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset, • The lessee has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use, and • The lessee has the right to direct the use of the asset, which is demonstrated when the lessee has decision-making rights that are most relevant to changing how and for what purpose the asset is used. Judgment is required in the determination of whether a contract contains a lease, the appropriate classification, allocation of consideration, and the determination of the discount rate for the lease. Key estimates and judgments include how the Company determines (1) the discount rate it uses to discount the unpaid lease payments to present value, (2) lease term and (3) lease payments. We have certain lease agreements with lease and non-lease components. For most of these leases, we account for the lease and non-lease components as a single lease component, in accordance with the practical expedient that is available for ongoing accounting. Additionally, for certain other leases, such as for vehicles, we apply a portfolio approach. Such new leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Expenses related to operating leases are recognized on a straight-line basis, while those determined to be finance leases are recognized following a front-loaded expense profile, in which interest and amortization are presented separately in the income statement. Operating lease right of use asset ("ROU") assets are included in Other assets in the Consolidated Balance Sheets, while finance lease ROU assets are included in Property, plant, and equipment, net. Lease liabilities for both operating and finance leases are included in Accrued liabilities and Other noncurrent liabilities in the Consolidated Balance Sheets.
Debt	Debt
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are recorded at cost, or if acquired as part of a business combination, at fair value. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets for financial reporting purposes. In some cases, accelerated methods are used for income tax purposes. Significant additions or improvements extending assets’ useful lives are capitalized; normal maintenance and repair costs are expensed as incurred. The cost of fully depreciated assets remaining in use is included in the respective asset and accumulated depreciation accounts. When items are sold or retired, related gains or losses are included in Net income. Computer software purchased for internal use, at cost, is amortized on a straight-line basis over five We capitalize internal and external costs incurred related to the software development stage . Capitalized salaries, travel, and consulting costs related to the software development totaled $1.2 million in 2024 and was not material in 2023. We review the carrying value of property, plant and equipment and other long-lived assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition.
Business Combinations	Business Combinations
Goodwill, Intangibles, and Other Assets	Goodwill, Intangibles, and Other Assets Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. Intangible assets from acquired businesses are recognized at fair value on the acquisition date and consist of customer relationships, customer contracts, technology, intellectual property and other intangible assets. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually. We perform an impairment test of our goodwill at least annually in the second quarter or more frequently whenever events or changes in circumstances indicate the carrying value of goodwill may be impaired. Such events or changes in circumstances may include a significant deterioration in overall economic conditions, changes in the business climate of our industry, a decline in our market capitalization, operating performance indicators, competition, reorganizations of our business, or the disposal of all or a portion of a reporting unit. Our goodwill has been allocated to and is tested for impairment at a level referred to as the reporting unit, which is our business segment level or a level below the business segment. The level at which we test goodwill for impairment requires us to determine whether the operations below the business segment constitute a self-sustaining business for which discrete financial information is available and segment management regularly reviews the operating results. We may use qualitative or quantitative approaches when testing goodwill for impairment. When we use the qualitative approach, we perform a qualitative evaluation of events and circumstances impacting the reporting unit to determine the likelihood of goodwill impairment. Based on that qualitative evaluation, if we determine it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, no further evaluation is necessary. Otherwise, we perform a quantitative impairment test. To perform the quantitative impairment test, we compare the fair value of a reporting unit to its carrying value, including goodwill. If the fair value of a reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of the reporting unit, including goodwill, exceeds its fair value, a goodwill impairment loss is recognized in an amount equal to that excess. Determining the fair value of a reporting unit requires the use of significant estimates and assumptions, including revenue growth rates, operating margins, discount rates, and future market conditions, among others. To determine fair value, we utilize two market-based approaches and an income approach. Under the market-based approaches, we utilize information regarding the Company, as well as publicly available industry information, to determine earnings multiples. Under the income approach, we determine fair value based on estimated future cash flows of each reporting unit, discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk of a reporting unit and the rate of return an outside investor would expect to earn. Impairment assessments inherently involve management judgments regarding a number of assumptions such as those described above. Due to the many variables inherent in the estimation of a reporting unit’s fair value and the relative size of our recorded goodwill, differences in assumptions could have a material effect on the estimated fair value of one or more of our reporting units and could result in a goodwill impairment charge in a future period. See additional information set forth in Note 15, Goodwill and Other Intangible Assets , of the Notes to the Consolidated Financial Statements. For some AEC contracts, we perform pre-production or nonrecurring engineering services. These costs are normally considered a fulfillment activity, rather than a performance obligation. Fulfillment activities that create resources that will be used in satisfying performance obligations in the future, and are expected to be recovered, are capitalized to Other assets, which is classified as a noncurrent asset in the Consolidated Balance Sheets. The capitalized costs are amortized into Cost of goods sold over the period over which the asset is expected to contribute to future cash flows, which includes anticipated renewal periods.
Stock-Based Compensation	Stock-Based Compensation We have incentive compensation plans that authorize the issuance of stock-based awards for key employees, which are designed to reward short and long-term contributions and provide incentives for recipients to remain with the Company. We issue stock-based awards in the form of restricted stock units and performance stock units that generally vest between one Stock-Based Compensation
Derivatives	Derivatives From time to time, we use derivatives to mitigate potentially large adverse effects from changes in currency exchange rates and interest rates. We monitor our exposure to these risks and evaluate, on an ongoing basis, the risk of potentially large adverse effects versus the costs associated with hedging such risks. We may use interest rate swaps in the management of interest rate exposures and foreign currency derivatives to manage foreign currency exposure related to assets and liabilities (including net investments in subsidiaries located outside the U.S.) denominated in foreign currencies. When we enter into a derivative contract, we make a determination whether the transaction is deemed to be a hedge for accounting purposes. For those contracts deemed to be a hedge, we formally document the relationship between the derivative instrument and the risk being hedged. In this documentation, we specifically identify the asset, liability, forecasted transaction, cash flow, or net investment that has been designated as the hedged item, and evaluate whether the derivative instrument is expected to reduce the risks associated with the hedged item. To the extent these criteria are not met, we do not use hedge accounting for the derivative. All derivative contracts are recorded at fair value, as a net asset or a net liability on the Consolidated Balance Sheets. The changes in fair values of derivative contracts are recorded each period in earnings or accumulated other comprehensive income, depending on whether a derivative is effective as part of the hedged transaction. Gains and losses on derivative contracts reported in accumulated other comprehensive income are subsequently included in earnings in the periods in which earnings are affected by the hedged item. For transactions that are designated as an effective hedge, we perform an evaluation of the effectiveness of the hedge on the date of inception and on an ongoing basis. The related gains and losses of derivative instruments, including those designated in hedge accounting relationships, are included as operating activities in the Consolidated Statements of Cash Flows. For derivatives that are designated and qualify as hedges of net investments in subsidiaries located outside the U.S., changes in the fair value of derivatives are reported in other comprehensive income as part of Translation adjustments. The Company does not engage in derivative instruments for speculative or trading purposes. See Note 17, Financial Instruments, of the Notes to the Consolidated Financial Statements for additional information.
Pension, Postretirement, and Other Benefit Plans	Pension, Postretirement, and Other Benefit Plans As described in Note 4, Pension, Postretirement, and Other Benefit Plans , of the Notes to the Consolidated Financial Statements, we have pension and postretirement benefit plans covering substantially all employees. The pension plans are generally trusteed or insured, and accrued amounts are funded as required in accordance with governing laws and regulations. The annual expense and liabilities recognized for defined benefit pension plans and postretirement benefit plans are developed from actuarial valuations. Inherent in these valuations are key assumptions, including discount rates and expected return on plan assets, which are updated on an annual basis. We consider current market conditions, including changes in interest rates, in determining these assumptions. Discount rate assumptions are based on the population of plan participants and a mixture of high-quality fixed-income investments with durations that match expected future payments. The assumption for expected return on plan assets is based on historical and expected returns on various categories of plan assets.
Government Grants	Government Grants The Company recognizes government grants only when there is reasonable assurance that we will comply with the conditions attached to them and the grants will be received. Government grants are recognized in the Consolidated Statements of Income on a systematic basis over the periods in which we recognize as expenses the related costs for which the grants are intended to compensate. A government grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognized in the Consolidated Statements of Income of the period in which it becomes receivable.
Recent Accounting Pronouncements	Recent Accounting Pronouncements New Accounting Standards Adopted In November 2023, the FASB issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The guidance is to be applied retrospectively to all prior periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The adoption of this standard had an impact on the segment disclosures presented in this Annual Report on Form 10-K, however, there was no impact to the results of operations, cash flows, and financial condition. See Note 3, Reportable Segments and Geographic Data , of the Notes to the Consolidated Financial Statements for additional information. New Accounting Standards Not Yet Adopted In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. The guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. We are currently evaluating the potential impact of adopting this new guidance on our consolidated financial statements and related disclosures. In March 2024, the FASB issued Accounting Standards Update No. 2024-01, "Compensation - Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards" (ASU 2024-01), which clarifies how an entity determines whether profits interest or similar awards should be considered within the scope of ASC 718 as a share-based payment arrangement or under ASC 710 or other ASC topics in a manner similar to a cash bonus or profit-sharing arrangement. The guidance is effective for annual periods beginning after December 15, 2024, and interim periods beginning within those annual periods. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. ASU 2024-01 should be applied either (1) retrospectively to all prior periods presented in the financial statements or (2) prospectively to profits interest and similar awards granted or modified on or after the date at which the entity first applies the amendments. We are currently evaluating the potential impact of adopting this new guidance on our consolidated financial statements and related disclosures. In November 2024, the FASB issued Accounting Standards Update No. 2024-03, "Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses" (ASU 2024-03), which requires a public business entity to disclose specific information about certain costs and expenses in the notes to the financial statements for interim and annual reporting periods. The objective of the disclosure requirements is to provide disaggregated information of the public entity's expenses to help investors better understand the entity's performance; better assess the entity's prospects for future cash flows; and compare an entity's performance over time and with that of other entities. The disaggregation of relevant expense captions presented on the face of the income statement may include but is not limited to the following natural expenses: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization. The guidance is effective for annual periods beginning after December 15, 2026, and for interim periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the potential impact of adopting this new guidance on our consolidated financial statements and related disclosures. Other In March 2024, the U.S. Securities and Exchange Commission ("SEC") adopted the final rule under SEC Release No. 33-11275, "The Enhancement and Standardization of Climate-Related Disclosures for Investors". This rule would require registrants to disclose certain climate-related information in registration statements and annual reports. In April 2024, the SEC voluntarily stayed the final rule as a result of legal challenges that are pending judicial review. The disclosure requirements would apply to the Company's fiscal year beginning January 1, 2025, pending resolution of the stay. The Company is currently evaluating the final rule to determine its impact on the Company's disclosures.

Accounting Policies (Tables)

Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Foreign Currency Transaction Gains and Losses	The following table summarizes foreign currency transaction gains and losses recognized in the income statement: Years ended December 31, (in thousands) 2024 2023 2022 (Gains)/losses included in: Selling, general, and administrative expenses $ (4,495) $ 4,181 $ (554) Other (income)/expense, net (3,900) (2,916) (9,996) Total transaction (gains)/losses $ (8,395) $ 1,265 $ (10,550)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Summary of Composition of Each Business Segment	The following table provides a summary of the composition of each business segment: Segment Product Group Principal Product or Service Principal Locations Machine Clothing (MC) Machine Clothing Paper machine clothing: Permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, and pulp World-wide Albany Engineered Composites (AEC) Albany Safran Composites (ASC) Airframe and engine Components (Other AEC) 3D-woven, injected composite components for aircraft engines Rochester, NH Commercy, France Queretaro, Mexico
Schedule of Disaggregation of Revenue For Each Product Group by Timing of Revenue Recognition	The following table presents disaggregated revenue for each product group by timing of revenue recognition: For the year ended December 31, 2024 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 745,978 $ 3,929 $ 749,907 Albany Engineered Composites ASC — 175,888 175,888 Other AEC 19,518 285,302 304,820 Total Albany Engineered Composites 19,518 461,190 480,708 Total net revenues $ 765,496 $ 465,119 $ 1,230,615 For the year ended December 31, 2023 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 666,990 $ 3,778 $ 670,768 Albany Engineered Composites ASC — 184,184 184,184 Other AEC 20,546 272,411 292,957 Total Albany Engineered Composites 20,546 456,595 477,141 Total net revenues $ 687,536 $ 460,373 $ 1,147,909 For the year ended December 31, 2022 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 605,863 $ 3,598 $ 609,461 Albany Engineered Composites ASC — 165,775 165,775 Other AEC 19,167 240,484 259,651 Total Albany Engineered Composites 19,167 406,259 425,426 Total net revenues $ 625,030 $ 409,857 $ 1,034,887
Schedule of Disaggregate MC Segment Revenue by Significant Product or Service	The following table disaggregates MC segment revenue by significant product groupings (paper machine clothing (PMC) and engineered fabrics), and, for PMC, the geographical region to which the paper machine clothing was sold: Years ended December 31, (in thousands) 2024 2023 2022 Americas PMC $ 341,204 $ 349,544 $ 321,170 Eurasia PMC 301,436 250,048 207,115 Engineered Fabrics 107,267 71,176 81,176 Total Machine Clothing net revenues $ 749,907 $ 670,768 $ 609,461

Reportable Segments and Geogr_2

Reportable Segments and Geographic Data (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Financial Data by Reporting Segment	The following tables show data by reportable segment that is regularly provided to the CODM, reconciled to consolidated totals included in the financial statements: Year ended December 31, 2024 (in thousands) MC AEC Corporate Total Net revenues $ 749,907 $ 480,708 $ — $ 1,230,615 Cost of goods sold 403,863 424,976 — 828,839 Gross profit 346,044 55,732 — 401,776 Selling, general and administrative expenses 123,120 47,421 40,341 210,882 Technical and research expenses 29,832 16,265 — 46,097 Restructuring expenses, net 9,460 3,649 329 13,438 Operating income/(loss) $ 183,632 $ (11,603) $ (40,670) $ 131,359 Certain prior year amounts have been reclassified in order to conform to current year presentation. Global information system costs previously included in Corporate expenses are allocated to the segments. Management believes this presentation better reflects the performance of the segments and is how management will review segment performance on a going forward basis. For the year ended December 31, 2024, Selling, general and administrative expenses include global information systems costs of $15.2 million, $15.7 million and $1.0 million for MC, AEC and Corporate, respectively. Global information systems costs were previously included in Corporate expenses. Year ended December 31, 2023 (in thousands) MC AEC Corporate Total Net revenues $ 670,768 $ 477,141 $ — $ 1,147,909 Cost of goods sold 339,210 384,981 — 724,191 Gross profit 331,558 92,160 — 423,718 Selling, general and administrative expenses 118,196 48,833 47,886 214,915 Technical and research expenses 24,651 15,976 — 40,627 Restructuring expenses, net 282 — — 282 Operating income/(loss) $ 188,429 $ 27,351 $ (47,886) $ 167,894 For the year ended December 31, 2023, Selling, general and administrative expenses include global information systems costs of $10.9 million, $14.2 million and $2.1 million for MC, AEC and Corporate, respectively. Global information systems costs were previously included in Corporate expenses. Year ended December 31, 2022 (in thousands) MC AEC Corporate Total Net revenues $ 609,461 $ 425,426 $ — $ 1,034,887 Cost of goods sold 297,176 347,929 — 645,105 Gross profit 312,285 77,497 — 389,782 Selling, general and administrative expenses 91,393 42,339 34,981 168,713 Technical and research expenses 24,588 15,353 — 39,941 Restructuring expenses, net 92 — 14 106 Operating income/(loss) $ 196,212 $ 19,805 $ (34,995) $ 181,022 For the year ended December 31, 2022, Selling, general and administrative expenses include global information systems costs of $10.0 million, $11.8 million and $1.0 million for MC, AEC and Corporate, respectively. Global information systems costs were previously included in Corporate expenses. Years ended December 31, (in thousands) 2024 2023 2022 Net revenues Machine Clothing $ 749,907 $ 670,768 $ 609,461 Albany Engineered Composites 480,708 477,141 425,426 Consolidated total $ 1,230,615 $ 1,147,909 $ 1,034,887 Gross profit Machine Clothing 346,044 331,558 312,285 Albany Engineered Composites 55,732 92,160 77,497 Consolidated total $ 401,776 $ 423,718 $ 389,782 Depreciation and amortization Machine Clothing 33,917 24,616 19,982 Albany Engineered Composites 54,228 50,764 47,578 Corporate 1,149 1,353 1,489 Consolidated total $ 89,294 $ 76,733 $ 69,049 Operating income/(loss) Machine Clothing 183,632 188,429 196,212 Albany Engineered Composites (11,603) 27,351 19,805 Corporate (40,670) (47,886) (34,995) Operating income $ 131,359 $ 167,894 $ 181,022 Reconciling items: Interest income (4,064) (6,566) (3,835) Interest expense 16,613 20,167 17,835 Pension settlement expense — — 49,128 Other (income)/expense, net 1,721 (6,163) (14,086) Income before income taxes $ 117,089 $ 160,456 $ 131,980
Schedule of Operating Assets and Capital Expenditures by Reporting Segment	The following table presents assets and capital expenditures by reportable segment: As of December 31, (in thousands) 2024 2023 2022 Segment assets Machine Clothing $ 600,603 $ 669,907 $ 455,390 Albany Engineered Composites 736,306 800,931 717,972 Reconciling items: Cash 115,283 173,420 291,776 Income taxes prepaid, receivable and deferred 47,944 33,984 23,134 Prepaid and Other assets 148,560 156,772 153,983 Total assets $ 1,648,696 $ 1,835,014 $ 1,642,255 Capital expenditures and purchased software Machine Clothing $ 21,270 $ 25,917 $ 20,901 Albany Engineered Composites 58,121 57,404 74,845 Corporate expenses 1,816 1,108 602 Total capital expenditures and purchased software $ 81,207 $ 84,429 $ 96,348
Schedule of Financial Data by Geographic Area	The following table shows data by geographic area. Net revenues are based on the location of the operation recording the final sale to the customer. Net revenues recorded by our entity in Switzerland are derived from products sold throughout Europe and Asia, and are invoiced in various currencies. Years ended December 31, (in thousands) 2024 2023 2022 Net revenues United States $ 650,532 $ 649,500 $ 586,779 Switzerland 109,751 115,207 119,069 Germany 86,991 32,239 4,461 France 81,141 77,573 76,826 China 67,732 65,135 63,914 Brazil 66,943 69,527 66,175 Mexico 57,928 58,874 58,519 Other countries 109,597 79,854 59,144 Total Net revenues $ 1,230,615 $ 1,147,909 $ 1,034,887 Property, plant and equipment, net United States $ 299,370 $ 303,578 $ 278,500 China 52,063 57,070 33,432 Germany 46,033 52,934 9,562 Mexico 38,762 46,759 42,320 France 30,935 31,069 31,382 United Kingdom 16,651 18,306 9,699 Canada 14,313 15,318 14,264 Spain 12,154 14,804 — Other countries 53,150 62,151 26,499 Total Property, plant and equipment, net $ 563,431 $ 601,989 $ 445,658

Pension, Postretirement, and _2

Pension, Postretirement, and Other Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of Plan Benefit Obligations	The following table sets forth the plan benefit obligations: As of December 31, 2024 As of December 31, 2023 (in thousands, except percentages) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Benefit obligation, beginning of year $ 158,323 $ 28,684 $ 83,730 $ 35,658 Service cost 1,812 46 1,478 60 Interest cost 6,114 1,416 5,151 1,874 Plan participants' contributions 530 — 281 — Actuarial (gain)/loss (3,868) (709) 6,317 (6,131) Benefits paid (9,423) (2,651) (6,388) (2,795) Acquisitions — — 64,947 — Settlements and curtailments (7,805) — — — Plan amendments and other — — (1,985) — Foreign currency changes (8,572) (71) 4,792 18 Benefit obligation, end of year $ 137,111 $ 26,715 $ 158,323 $ 28,684 Accumulated benefit obligation $ 132,198 $ — $ 151,001 $ — Weighted average assumptions used to determine benefit obligations, end of year: Discount rate — U.S. plan 5.44 % 5.61 % 5.15 % 5.21 % Discount rate — non-U.S. plans 4.32 % 4.70 % 4.05 % 4.70 % Cash balance interest crediting rate - Switzerland pension plan 1.15 % — 1.30 % — Compensation increase — U.S. plan N/A N/A N/A N/A Compensation increase — non-U.S. plans 2.68 % 2.75 % 2.89 % 2.75 %
Schedule of Plan Assets	The following sets forth information about plan assets: As of December 31, 2024 As of December 31, 2023 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Fair value of plan assets, beginning of year $ 112,688 $ — $ 74,929 $ — Actual return on plan assets, net of expenses (408) — 6,285 — Employer contributions 8,744 2,651 3,629 2,795 Plan participants' contributions 530 — 281 — Benefits paid (9,423) (2,651) (6,388) (2,795) Acquisitions — — 30,941 — Settlements (3,811) — — — Other — — (832) — Foreign currency changes (5,183) — 3,843 — Fair value of plan assets, end of year $ 103,137 $ — $ 112,688 $ —
Schedule of Funded Status of Plans	The funded status of the plans was as follows: As of December 31, 2024 As of December 31, 2023 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Fair value of plan assets $ 103,137 $ — $ 112,688 $ — Benefit obligation 137,111 26,715 158,323 28,684 Funded status $ (33,974) $ (26,715) $ (45,635) $ (28,684) Accrued benefit cost, end of year $ (33,974) $ (26,715) $ (45,635) $ (28,684) Amounts recognized in the consolidated balance sheets consist of the following: Noncurrent asset $ 16,982 $ — $ 19,296 $ — Current liability (4,915) (2,772) (5,500) (2,808) Noncurrent liability (46,041) (23,943) (59,431) (25,876) Net amount recognized $ (33,974) $ (26,715) $ (45,635) $ (28,684) Amounts recognized in accumulated other comprehensive income consist of: Net actuarial loss $ 19,529 $ 1,345 $ 22,512 $ 1,991 Prior service cost/(credit) (96) (360) (132) (484) Net amount recognized $ 19,433 $ 985 $ 22,380 $ 1,507
Schedule of Composition of Accrued Pension Cost	The composition of the net pension plan funded status as of December 31, 2024 was as follows: (in thousands) U.S. plan Non-U.S. plans Total Pension plans with pension assets $ — $ 16,982 $ 16,982 Pension plans without pension assets (3,284) (47,672) (50,956) Total $ (3,284) $ (30,690) $ (33,974)
Schedule of Net Periodic Benefit Plan Cost	The composition of the net periodic benefit plan cost for the years ended December 31, 2024, 2023, and 2022, was as follows: Pension plans Other postretirement benefits (in thousands, except percentages) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost: Service cost $ 1,812 $ 1,478 $ 1,371 $ 46 $ 60 $ 114 Interest cost 6,114 5,151 4,917 1,416 1,874 1,221 Expected return on assets (5,430) (4,347) (5,979) — — — Amortization of prior service cost/(credit) (26) (32) (8) (124) (4,090) (4,488) Amortization of net actuarial loss 647 555 1,377 (34) 828 1,883 Settlement (33) — 49,128 — — — Curtailment (gain)/loss (37) — — — — — Net periodic benefit cost $ 3,047 $ 2,805 $ 50,806 $ 1,304 $ (1,328) $ (1,270) Weighted average assumptions used to determine net cost: Discount rate — U.S. plan 5.15 % 5.49 % 2.63 % 5.21 % 5.55 % 2.83 % Discount rate — non-U.S. plans 4.05 % 5.15 % 2.41 % 4.70 % 5.20 % 3.05 % Cash balance interest crediting rate - Switzerland pension plan 1.30 % 2.15 % 0.25 % — — — Expected return on plan assets — U.S. plan N/A N/A 3.07 % N/A N/A N/A Expected return on plan assets — non-U.S. plans 4.98 % 5.21 % 3.31 % N/A N/A N/A Rate of compensation increase — U.S. plan N/A N/A N/A N/A N/A N/A Rate of compensation increase — non-U.S. plans 2.89 % 3.08 % 2.70 % 2.75 % 2.75 % 2.75 %
Schedule of (Gains)/Losses Recognized in Other Comprehensive Income	Pretax (gains)/losses on plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31, 2024, 2023, and 2022, was as follows: Pension plans Other postretirement benefits (in thousands) 2024 2023 2022 2024 2023 2022 Settlements/curtailments $ 70 $ — $ (49,128) $ — $ — $ — Asset/liability loss/(gain) (2,023) 4,365 16,828 (709) (6,131) (6,658) Amortization of actuarial (loss) (646) (554) (1,377) 34 (828) (1,883) Amortization of prior service cost/(credit) 26 32 8 124 4,090 3,884 Currency impact (748) 757 (944) 28 (8) 15 Cost/(benefit) in Other comprehensive income $ (3,321) $ 4,600 $ (34,613) $ (523) $ (2,877) $ (4,642)
Schedule of Fair Value of Plan Assets	As of December 31, 2024 and 2023, there were no investments expected to be sold at a value materially different than NAV. Assets at Fair Value as of December 31, 2024 (in thousands) Quoted prices in active markets Level 1 Significant other observable inputs Level 2 Significant Total Common Stocks and equity funds $ — $ 4,241 $ — $ 4,241 Debt securities — 49,940 — 49,940 Insurance contracts — — 3,528 3,528 Real Estate — — 3,244 3,244 Hedge Funds — — 836 836 Cash and short-term investments 5,323 — — 5,323 Total investments in the fair value hierarchy $ 5,323 $ 54,181 $ 7,608 67,112 Investments at net asset value: Common Stocks and equity funds 13,124 Fixed income funds 22,901 Limited partnerships — Total plan assets $ 103,137 Assets at Fair Value as of December 31, 2023 (in thousands) Quoted prices in active markets Level 1 Significant other observable inputs Level 2 Significant unobservable inputs Level 3 Total Common Stocks and equity funds $ — $ 4,159 $ — $ 4,159 Debt securities — 56,838 — 56,838 Insurance contracts — — 3,478 3,478 Real Estate — — 3,451 3,451 Hedge Funds — — 668 668 Cash and short-term investments 5,740 — — 5,740 Total investments in the fair value hierarchy $ 5,740 $ 60,997 $ 7,597 74,334 Investments at net asset value: Common Stocks and equity funds 12,608 Fixed income funds 25,746 Limited partnerships — Total plan assets $ 112,688
Schedule of Reconciliation of Level 3 Assets	The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2024 and 2023: (in thousands) December 31, 2023 Net realized gains Net unrealized gains Net purchases, issuances Net transfers (out of) Level 3 December 31, 2024 Insurance contracts - total level 3 assets $ 7,597 $ — $ 58 $ (47) $ — $ 7,608 (in thousands) December 31, 2022 Net realized gains Net unrealized gains Net purchases, issuances Net transfers (out of) Level 3 December 31, 2023 Insurance contracts - total level 3 assets $ 2,418 $ — $ 18 $ 5,161 $ — $ 7,597
Schedule of Asset Allocation	The asset allocation for the Company’s non-U.S. pension plans for 2024 and 2023, and the target allocation, by asset category, are as follows: Non-U.S. Plans Target Percentage of plan assets at plan measurement date Asset category 2024 2023 Equity securities 15 % 15 % 13 % Debt securities 70 % 70 % 73 % Real estate 3 % 3 % 3 % Other (1) 12 % 12 % 11 % 100 % 100 % 100 % (1) Other includes hedged equity and absolute return strategies, as well as private equity. The Company has procedures to closely monitor the performance of these investments and compares asset valuations to audited financial statements of the funds.
Schedule of Pension Plans with Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets	At the end of 2024 and 2023, the projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for pension plans with projected benefit obligation and an accumulated benefit obligation in excess of plan assets were as follows: Plans with projected (in thousands) 2024 2023 Projected benefit obligation $ 55,067 $ 81,972 Fair value of plan assets 4,111 17,041 Plans with accumulated (in thousands) 2024 2023 Accumulated benefit obligation $ 52,493 $ 77,688 Fair value of plan assets 3,509 17,041
Schedule of Expected Cash Flows	Information about expected cash flows for the pension and other benefit obligations are as follows: (in thousands) Pension plans Other postretirement benefits Expected employer contributions and direct employer payments in the next fiscal year $ 5,707 $ 2,772 Expected benefit payments 2025 10,249 2,772 2026 10,244 2,672 2027 9,732 2,573 2028 9,963 2,474 2029 9,855 2,375 2030 to 2034 (expected, combined) 49,316 10,418

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Charges	The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net” and "Cost of goods sold": Year ended December 31, 2024 (in thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 11,165 $ 8,298 $ 2,867 Albany Engineered Composites 3,649 3,649 — Corporate 329 329 — Total restructuring expense $ 15,143 $ 12,276 $ 2,867 Year ended December 31, 2023 (in thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 282 $ 282 $ — Albany Engineered Composites — — — Corporate — — — Total restructuring expense $ 282 $ 282 $ — Year ended December 31, 2022 (in thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 92 $ 92 $ — Albany Engineered Composites — — — Corporate 14 14 — Total restructuring expense $ 106 $ 106 $ —
Schedule of Restructuring Liability	The table below presents the changes in restructuring liabilities for 2024 and 2023: (in thousands) December 31, 2023 Restructuring charges accrued Payments Currency translation/other December 31, 2024 Total termination and other costs $ — $ 12,276 $ (7,378) $ 98 $ 4,996 As of December 31, 2024, we expect that the total $5.0 million of Accrued liabilities for restructuring will be paid within one year. December 31, Restructuring charges accrued Payments Currency translation/other December 31, 2023 Total termination and other costs $ — $ 282 $ (285) $ 3 $ —

Other (income)_expense, net (Ta

Other (income)/expense, net (Tables)	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
Schedule of Other (Income)/Expense	The components of Other expense/(income), net, are: Years ended December 31, (in thousands) 2024 2023 2022 Currency transactions $ (3,900) $ (2,916) $ (9,996) Sale of IP addresses — — (3,420) Derivative instruments losses/(gains) 3,459 (351) (509) Bank fees and amortization of debt issuance costs 232 180 313 Components of net periodic pension and postretirement cost other than service 2,493 (61) (1,077) Other (563) (3,015) 603 Total other (income)/expense, net $ 1,721 $ (6,163) $ (14,086)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Provision for income taxes consisted of the following: Years ended December 31, (in thousands) 2024 2023 2022 Income before income taxes: U.S. $ 26,660 $ 68,872 $ 20,422 Non-U.S. 90,429 91,584 111,558 $ 117,089 $ 160,456 $ 131,980 Income tax expense/(benefit) Current: Federal $ 2,682 $ 17,005 $ 9,781 State 4,724 2,030 5,126 Non-U.S. 34,053 34,110 28,605 $ 41,459 $ 53,145 $ 43,512 Deferred: Federal $ 1,699 $ (1,700) $ (9,592) State (804) 863 (1,866) Non-U.S. (13,320) (3,462) 3,418 $ (12,425) $ (4,299) $ (8,040) Total income tax expense $ 29,034 $ 48,846 $ 35,472
Schedule of Reconciliation of the U.S. Federal Statutory Tax Rate to the Company's Effective Income Tax Rate	A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows: Years ended December 31, 2024 2023 2022 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 2.3 1.9 2.5 Non-U.S. local income taxes 2.3 1.4 3.8 U.S. permanent adjustments 0.6 0.8 1.4 Foreign permanent adjustments 1.0 0.7 (2.1) Foreign rate differential 2.1 2.0 3.1 Net U.S. tax on non-U.S. earnings and foreign withholdings 2.8 5.1 3.5 Provision for/(resolution) of tax audits and contingencies, net (1.3) 0.3 0.3 U.S. Pension Settlement - Release of Residual Tax Effect — — (4.0) Change in valuation allowances 4.4 (1.2) (0.6) Impact of Mexico net operating loss inflation revaluation (2.2) — — Establishment of deferred tax asset for Non-U.S. reserves (4.3) — — Impact of amended tax returns (0.8) — (0.1) Return to provision (2.2) (1.2) (1.1) Other adjustments (0.9) (0.4) (0.8) Effective income tax rate 24.8 % 30.4 % 26.9 %
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities are as follows: For the year ended December 31 U.S. Non-U.S. (in thousands) 2024 2023 2024 2023 Deferred tax assets: Accounts receivable, net $ 502 $ 528 $ 1,138 $ 1,489 Inventories 2,473 1,608 1,636 1,429 Incentive compensation 1,453 5,843 750 1,162 Property, plant, equipment and intangibles, net — — — — Pension, post retirement benefits - non-current 6,440 6,939 2,202 4,899 Tax loss carryforwards 49 110 32,963 29,811 Tax credit carryforwards 3,602 3,167 29 19 Leases 12,192 8,685 2,205 2,463 Reserves 2,639 877 7,150 1,299 Deferred revenue — 244 — — Other 373 — 909 — Deferred tax assets before valuation allowance 29,723 28,001 48,982 42,571 Less: valuation allowance (1,826) (118) (13,670) (9,730) Total deferred tax assets $ 27,897 $ 27,883 $ 35,312 $ 32,841 Deferred tax liabilities: Unrepatriated foreign earnings $ 4,961 $ 4,270 $ — $ — Property, plant, equipment and intangibles, net 4,626 8,433 14,483 19,000 Basis difference in partner capital 1,420 1,719 — — Basis difference in investment 5,081 4,192 — — Derivatives 38 3,009 125 109 Leases 11,433 8,091 2,053 2,331 Deferred revenue 380 — 4,663 9,843 Other — 117 — 249 Total deferred tax liabilities 27,939 29,831 21,324 31,532 Net deferred tax (liability)/asset $ (42) $ (1,948) $ 13,988 $ 1,309
Schedule of Operating and Capital Loss and Tax Credit Carryforwards	As of December 31, 2024, the Company's net operating loss, capital loss and tax credit carryforwards were as follows: (in thousands) Expiration Period Net Operating and Capital Loss Carryforwards Tax Credit Carryforwards Jurisdiction U.S. Federal 2025 - 2034 $ — $ 2,797 U.S. State 2033 - 2048 940 357 U.S. State Indefinite — 448 Non-U.S. 2025 - 2040 6,192 — Non-U.S. Indefinite 133,174 — Balance at end of year $ 140,306 $ 3,602
Schedule of Unrecognized Tax Benefits	The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits. If recognized, the $3.1 million would impact the effective tax rate as of December 31, 2024 as follows: (in thousands) 2024 2023 2022 Unrecognized tax benefits balance at January 1, $ 2,741 $ 792 $ 1,459 Increase in gross amounts of tax positions related to prior years 1,102 2,373 399 Decrease in gross amounts of tax positions related to prior years (224) — (929) Increase in gross amounts of tax positions related to current years — 196 37 Decrease due to settlements with tax authorities (460) — — Increase (decrease) due to lapse in statute of limitations 116 (656) — Currency translation (133) 36 (174) Unrecognized tax benefits balance at December 31, $ 3,142 $ 2,741 $ 792

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows: Years ended December 31, (in thousands, except market price and earnings per share) 2024 2023 2022 Net income attributable to the Company $ 87,623 $ 111,120 $ 95,762 Weighted average number of shares: Weighted average number of shares used in calculating basic net income per share 31,231 31,171 31,339 Effect of dilutive stock-based compensation plans: Restricted stock units and multi-year awards 107 105 116 Weighted average number of shares used in calculating diluted net income per share 31,338 31,276 31,455 Net income per share: Basic $ 2.81 $ 3.56 $ 3.06 Diluted $ 2.80 $ 3.55 $ 3.04

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income ("AOCI") (Tables)	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below presents changes in the components of AOCI from January 1, 2022 to December 31, 2024: (in thousands) Translation adjustments Pension and postretirement liability adjustments Derivative valuation adjustment Total Other Comprehensive Income January 1, 2022 $ (105,880) $ (38,490) $ (1,614) $ (145,984) Other comprehensive income/(loss) before reclassifications (40,971) — 18,971 (22,000) Pension/postretirement settlements and curtailments, net of tax — 26,198 — 26,198 Pension/postretirement plan remeasurement, net of tax — (2,663) — (2,663) Interest expense related to swaps reclassified to the Statements of Income, net of tax — — 350 350 Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — (828) — (828) Net current period other comprehensive income (40,971) 22,707 19,321 1,057 December 31, 2022 $ (146,851) $ (15,783) $ 17,707 $ (144,927) Other comprehensive income/(loss) before reclassifications 21,950 (3,357) 2,623 21,216 Pension settlement expense, net of tax — — — — Pension/postretirement plan remeasurement, net of tax — 3,629 — 3,629 Interest expense related to swaps reclassified to the Statements of Income, net of tax — — (11,251) (11,251) Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — (1,835) — (1,835) Net current period other comprehensive income 21,950 (1,563) (8,628) 11,759 December 31, 2023 $ (124,901) $ (17,346) $ 9,079 $ (133,168) Other comprehensive income/(loss) before reclassifications (56,654) 103 943 (55,608) Pension/postretirement plan remeasurement, net of tax — 2,605 — 2,605 Interest expense related to swaps reclassified to the Statements of Income, net of tax — — (10,128) (10,128) Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — 310 — 310 Net current period other comprehensive income (56,654) 3,018 (9,185) (62,821) December 31, 2024 $ (181,555) $ (14,328) $ (106) $ (195,989)
Schedule of Items Reclassified to Statement of Income	The table below presents the expense/(income) amounts reclassified, and the line items of the Statement of Income that were affected for the years ended December 31, 2024, 2023, and 2022. (in thousands) 2024 2023 2022 Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: (Income)/Expense related to interest rate swaps included in Income before taxes (a) $ (13,547) $ (15,062) $ 468 Income tax effect 3,419 3,811 (118) Effect on net income due to items reclassified from Accumulated Other Comprehensive Income $ (10,128) $ (11,251) $ 350 Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: Pension/postretirement settlements and curtailments $ — $ — $ 42,657 Amortization of prior service credit (150) (4,122) (4,497) Amortization of net actuarial loss 613 1,383 3,260 Total pretax amount reclassified (b) 463 (2,739) 41,420 Income tax effect (153) 904 (16,051) Effect on net income due to items reclassified from Accumulated Other Comprehensive Income $ 310 $ (1,835) $ 25,369 ________________________ (a) Reported as Interest expense, net in our Consolidated Statements of Income, are payments related to the interest rate swap agreements and amortization of swap buyouts (see Note 17, Financial Instruments , and Note 18, Fair-Value Measurements , of the Notes to the Consolidated Financial Statements). (b) Reported as Other (income)/expense, net in our Consolidated Statements of Income, the accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4, Pension, Postretirement, and Other Benefit Plans , of the Notes to the Consolidated Financial Statements).

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	12 Months Ended
	Dec. 31, 2024
Noncontrolling Interest [Abstract]
Schedule of Income Attributable to Noncontrolling Interest and Noncontrolling Equity	The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiaries: ASC Noncontrolling Interest: (in thousands, except percentages) 2024 2023 Net income/(loss) of Albany Safran Composites (ASC) $ 4,759 $ 6,036 Less: Return attributable to the Company's preferred holding 1,329 1,300 Net income/(loss) of ASC available for common ownership $ 3,430 $ 4,736 Ownership percentage of noncontrolling shareholder 10 % 10 % Net income/(loss) attributable to noncontrolling interest $ 343 $ 474 Noncontrolling interest, beginning of year $ 5,423 $ 4,494 Net income/(loss) attributable to noncontrolling interest 343 474 Changes in other comprehensive income attributable to noncontrolling interest (783) 455 ASC noncontrolling interest, end of year $ 4,983 $ 5,423 Arcari Noncontrolling Interest: (in thousands, except percentages) 2024 2023 Noncontrolling interest, beginning of year $ 529 $ — Initial equity related to Noncontrolling interest in Arcari — 509 Net income attributable to noncontrolling interest 89 16 Dividends to noncontrolling interests (166) — Changes in other comprehensive income attributable to noncontrolling interest (26) 4 Arcari noncontrolling interest, end of year $ 426 $ 529 Total noncontrolling interest, end of year $ 5,409 $ 5,952

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	As of December 31, 2024 and 2023, Accounts receivable consisted of the following: (in thousands) December 31, December 31, Trade and other accounts receivable $ 231,136 $ 272,351 Bank promissory notes 19,637 20,690 Allowance for expected credit losses (4,085) (5,260) Accounts receivable, net $ 246,688 $ 287,781
Schedule of Contract Receivables	As of December 31, 2024 and December 31, 2023, Noncurrent receivables were as follows: (in thousands) December 31, December 31, Noncurrent receivables $ — $ 4,414 Allowance for expected credit losses — (22) Noncurrent receivables, net $ — $ 4,392
Schedule of Accounts Receivable, Allowance for Credit Loss	The following tables present the (increases)/decreases in the allowance for credit losses for Accounts receivable: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Specific customer reserves $ (2,484) $ (541) $ 128 $ (37) $ (2,934) Incremental expected credit losses (2,776) 157 76 1,392 (1,151) Accounts receivable expected credit losses $ (5,260) $ (384) $ 204 $ 1,355 $ (4,085) (in thousands) December 31, 2022 (Charge)/ benefit Currency translation Other December 31, 2023 Specific customer reserves $ (2,076) $ (424) $ (74) $ 90 $ (2,484) Incremental expected credit losses (1,021) (187) (40) (1,528) (2,776) Accounts receivable expected credit losses $ (3,097) $ (611) $ (114) $ (1,438) $ (5,260) The following tables present the (increases)/decreases in the allowance for credit losses for Noncurrent receivables: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Noncurrent receivables expected credit losses $ (22) $ 22 $ — $ — $ — (in thousands) December 31, 2022 (Charge)/ benefit Currency translation Other December 31, 2023 Noncurrent receivables expected credit losses $ (140) $ 123 $ (5) $ — $ (22)

Contract Assets and Liabiliti_2

Contract Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Assets and Contract Liabilities	Contract assets and Contract liabilities (included in Accrued liabilities) are reported in the Consolidated Balance Sheets in a net position, on a contract-by-contract basis at the end of each reporting period. Contract assets and contract liabilities are summarized as follows: (in thousands) December 31, December 31, Contract assets $ 167,397 $ 183,189 Allowance for expected credit losses (840) (908) Contract assets, net $ 166,557 $ 182,281 Contract liabilities $ 6,085 $ 7,127
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable	The following tables present the (increases)/ decreases in the allowance for credit losses for Contract assets: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Contract assets expected credit losses $ (908) $ 52 $ 16 $ — $ (840) (in thousands) December 31, 2022 (Charge)/ benefit Currency translation Other December 31, 2023 Contract assets expected credit losses $ (748) $ (152) $ (8) $ — $ (908)

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	As of December 31, 2024 and 2023, inventories consisted of the following: (in thousands) December 31, 2024 December 31, 2023 Raw materials $ 76,559 $ 79,611 Work in process 54,917 67,743 Finished goods 14,369 22,213 Total inventories $ 145,845 $ 169,567

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	The table below sets forth the components of property, plant and equipment as of December 31, 2024 and 2023: (in thousands) 2024 2023 Estimated useful life Land and land improvements $ 28,161 $ 29,654 25 years for improvements Buildings 306,273 302,086 15 to 40 years Machinery and equipment 1,188,661 1,207,504 5 to 15 years Furniture and fixtures 11,457 11,409 5 years Computer and other equipment 25,024 24,120 3 to 10 years Software 69,932 69,191 5 to 8 years Capital expenditures in progress 75,262 90,759 Property, plant and equipment, gross 1,704,770 1,734,723 Accumulated depreciation and amortization (1,141,339) (1,132,734) Property, plant and equipment, net $ 563,431 $ 601,989

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Intangible Assets and Goodwill	The changes in intangible assets and goodwill from December 31, 2022 to December 31, 2024, were as follows: (in thousands, except for years) Amortization life in years Balance at December 31, 2023 Other Changes Amortization Currency Translation Balance at December 31, 2024 Finite-lived intangible assets: AEC Trademarks and trade names 6-15 $ 22 $ — $ (11) $ — $ 11 AEC Technology 10-15 3,426 — (569) (177) 2,680 AEC Intellectual property 15 911 — (83) — 828 AEC Customer relationships 8-15 25,485 — (3,480) (113) 21,892 Heimbach Developed technology 9 8,732 (289) (953) (486) 7,004 Total Finite-Lived intangible assets, net $ 38,576 $ (289) $ (5,096) $ (776) $ 32,415 Indefinite-lived intangible assets: Heimbach Trade name $ 6,070 $ — $ — $ (358) $ 5,712 MC Goodwill 66,873 — — (2,885) 63,988 AEC Goodwill 113,308 — — (1,035) 112,273 Total Indefinite-lived intangible assets $ 186,251 $ — $ — $ (4,278) $ 181,973 (in thousands, except for years) Amortization life in years Balance at December 31, Acquisition Amortization Currency Balance at December 31, Finite-lived intangible assets: AEC Trademarks and trade names 6-15 $ 34 $ — $ (12) $ — $ 22 AEC Technology 10-15 3,884 — (567) 109 3,426 AEC Intellectual property 15 994 — (83) — 911 AEC Customer relationships 8-15 28,899 — (3,480) 66 25,485 Heimbach Developed technology 9 — 8,918 (310) 124 8,732 Total Finite-Lived intangible assets, net $ 33,811 $ 8,918 $ (4,452) $ 299 $ 38,576 Indefinite-lived intangible assets: Heimbach Trade name $ — $ 5,982 $ — $ 88 $ 6,070 MC Goodwill 65,441 — — 1,432 66,873 AEC Goodwill 112,776 — — 532 113,308 Total Indefinite-lived intangible assets $ 178,217 $ 5,982 $ — $ 2,052 $ 186,251
Schedule of Estimated Amortization Expense	Estimated amortization expense of intangibles for the years ending December 31, 2025 through 2029, is as follows: Year Annual amortization (in thousands) 2025 $ 5,000 2026 5,000 2027 5,000 2028 4,900 2029 4,900

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities as of December 31, 2024 and 2023 consist of the following: (in thousands) 2024 2023 Salaries, wages and benefits $ 57,253 $ 72,373 Contract liabilities 6,085 7,127 Returns and allowances 9,422 10,232 Dividends 8,431 8,111 Pension and postretirement 8,744 9,356 Operating and finance lease liabilities 7,607 7,335 Other tax 7,329 10,171 Contract loss reserve 10,524 2,721 Freight 3,256 1,979 Professional fees 5,539 3,912 Restructuring 4,996 — Other 12,718 9,671 Total accrued liabilities $ 141,904 $ 142,988

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Long-Term Debt and Lease Obligation [Abstract]
Schedule of Long-term Debt Instruments	The following table represents our outstanding debt as of December 31, 2024 and 2023: (in thousands, except interest rates) 2024 2023 Borrowings under the Amended Credit Agreement (1): USD borrowings $ 225,000 $ 446,000 EUR borrowings 93,485 — Foreign bank debt 46 10,885 Total bank debt 318,531 456,885 Less: Current maturities of long-term debt — 4,218 Long-term debt $ 318,531 $ 452,667 (1) The credit facility matures in August 2028. At the end of the December 31, 2024 and December 31, 2023, the USD interest rate in effect was 5.77% and 3.49%, respectively, including the effect of interest rate swaps; at the end of December 31, 2024, the EURIBOR interest rate was 4.09%, including the effect of interest rate swaps.
Schedule Interest Rate for Borrowings	The applicable interest rate for borrowings under the Amended Credit Agreement is based on both Term SOFR and EURIBOR plus a spread, which is based on our leverage ratio (as defined in the Amended Credit Agreement) at the time of a borrowing as follows: Leverage Ratio Commitment Fee ABR Spread Term Benchmark/ Daily <1.00:1.00 0.275% 0.500% 1.500% ≥ 1.00:1.00 and < 2.00:1.00 0.300% 0.625% 1.625% ≥ 2.00:1.00 and < 3.00:1.00 0.325% 0.750% 1.750% ≥ 3.00:1.00 0.350% 1.000% 2.000%

Fair-Value Measurements (Tables

Fair-Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements, Recurring and Nonrecurring	The following table presents the fair-value hierarchy for our Level 1 and Level 2 financial and non-financial assets and liabilities, which are measured at fair value on a recurring basis: December 31, 2024 December 31, 2023 (in thousands) Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Fair Value Assets: Cash equivalents $ 11,273 $ — $ 27,157 $ — Foreign currency option contracts — 1,725 Foreign currency forward contracts — 199 Other Assets: Common stock of unaffiliated foreign public company (a) 631 — 682 — Interest rate swaps — 149 — 12,214 Liabilities: Other Non-Current Liabilities Interest rate swaps — (218) — — (a) Original cost basis $0.5 million
Schedule of Derivative Instruments, Gain (Loss)	(Gains)/losses related to changes in fair value of derivative instruments that were recognized in Other (income)/expense, net in the Consolidated Statements of Income were as follows: (in thousands) 2024 2023 2022 Derivatives not designated as hedging instruments: Foreign currency hedging (gains)/losses $ 3,459 $ (351) $ (509)

Other Noncurrent Liabilities (T

Other Noncurrent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Other Noncurrent Liabilities	As of December 31, 2024 and 2023, Other noncurrent liabilities consisted of the following: (in thousands) 2024 2023 Operating leases $ 61,062 $ 50,637 Postretirement benefits other than pensions 23,943 25,876 Pension liabilities 46,041 59,431 Incentive and deferred compensation 1,908 1,957 Other 5,876 1,484 Total other noncurrent liabilities $ 138,830 $ 139,385

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Lessee Disclosure [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows: For the years ended (in thousands) December 31, 2024 December 31, 2023 December 31, 2022 Finance lease: Amortization of right-of-use asset $ — $ — $ 416 Interest on lease liabilities — — 529 Operating lease: Fixed lease cost 10,776 9,591 6,036 Variable lease cost 516 108 438 Short-term lease cost 2,170 2,060 1,025 Total lease expense $ 13,462 $ 11,759 $ 8,444
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: For the years ended (in thousands) December 31, 2024 December 31, 2023 December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 11,204 $ 10,105 $ 6,612 Operating cash outflows from finance leases — — 529 Financing cash outflows from finance leases — — 654 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 17,698 $ 9,114 $ 38,559
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: (in thousands) December 31, 2024 December 31, 2023 Operating leases Right of use assets included in Other assets $ 61,671 $ 50,825 Lease liabilities included in Accrued liabilities $ 7,607 $ 7,335 Other noncurrent liabilities 61,062 50,637 Total operating lease liabilities $ 68,669 $ 57,972
Schedule of Additional Information Related to Leases	Additional information for leases existing at December 31, 2024 and 2023 was as follows: December 31, 2024 December 31, 2023 Weighted average remaining lease term Operating leases 13 years 10 years Weighted average discount rate Operating leases 5.8 % 5.4 %
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of December 31, 2024 were as follows: (in thousands) Operating leases Year ending December 31, 2025 $ 11,351 2026 9,893 2027 8,414 2028 5,847 2029 5,354 Thereafter 57,958 Total lease payments 98,817 Less imputed interest (30,148) Total $ 68,669

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Changes in Claims	The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented: Year ended December 31, Opening Number of Claims Claims Dismissed, Settled, or New Claims Closing Number of Claims Amounts Paid (thousands) to 2022 3,609 43 32 3,598 $125 2023 3,598 19 27 3,606 74 2024 3,606 10 50 3,646 13

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedules of Executive Management Share-based Compensation Activity	Information with respect to these plans is presented below: (in thousands, except number of shares and weighted average grant date value per share) Number of shares Weighted average grant date value Year-end intrinsic value Shares potentially payable at January 1, 2022 107,630 $ 75.99 $ 8,179 Forfeitures — Payments (35,897) $ 84.27 Shares accrued based on 2022 performance 64,208 $ 86.00 Shares potentially payable at December 31, 2022 135,941 $ 79.11 $ 10,754 Forfeitures (9,035) $ 92.02 Payments (112,279) $ 86.35 Shares accrued based on 2023 performance 124,181 $ 92.52 Shares potentially payable at December 31, 2023 138,808 $ 84.41 $ 11,717 Forfeitures (14,689) $ 87.61 Payments (77,782) $ 89.44 Shares accrued based on 2024 performance 81,468 $ 91.80 Shares potentially payable at December 31, 2024 127,805 $ 85.69 $ 10,952

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	Activity in Shareholders’ equity for 2022, 2023, and 2024 is presented below: (in thousands) Class A Common Stock Additional paid-in capital Retained earnings Accumulated items of other Class A Treasury Stock Noncontrolling Interest Total Equity Shares Amount Shares Amount January 1, 2022 40,760 $ 41 $ 436,996 $ 863,057 $ (145,984) 8,665 $ (280,143) $ 3,638 $ 877,605 Net income — — — 95,762 — — — 746 96,508 Compensation and benefits paid or payable in shares 24 — 3,727 — — — — — 3,727 Options exercised 1 — 17 — — — — — 17 Shares issued to Directors' — — 800 — — (13) 285 — 1,085 Purchase of Treasury shares (a) — — — — — 1,023 (85,065) — (85,065) Dividends declared on Class A Common Stock, $0.88 per share — — — (27,501) — — — — (27,501) Cumulative translation adjustments — — — — (40,971) — — 110 (40,861) Pension and postretirement liability adjustments — — — — (3,491) — — — (3,491) Settlement of certain pension liabilities — — — — 26,198 26,198 Derivative valuation adjustment — — — — 19,321 — — — 19,321 December 31, 2022 40,785 $ 41 $ 441,540 $ 931,318 $ (144,927) 9,675 $ (364,923) $ 4,494 $ 867,543 (in thousands) Class A Additional paid-in capital Retained earnings Accumulated items of other Class A Noncontrolling Interest Total Equity Shares Amount Shares Amount January 1, 2023 40,785 $ 41 $ 441,540 $ 931,318 $ (144,927) 9,675 $ (364,923) $ 4,494 $ 867,543 Net income — — — 111,120 — — — 490 111,610 Compensation and benefits paid or payable in shares 71 — 5,851 — — — — — 5,851 Shares issued to Directors' — — 827 — — (13) 258 — 1,085 Dividends declared on Class A Common Stock, $1.01 per share — — — (31,496) — — — — (31,496) Initial equity related to Noncontrolling interest in Arcari — — — — — — — 509 509 Cumulative translation adjustments — — — — 21,950 — — 459 22,409 Pension and postretirement liability adjustments — — — — (1,563) — — — (1,563) Derivative valuation adjustment — — — — (8,628) — — — (8,628) December 31, 2023 40,856 $ 41 $ 448,218 $ 1,010,942 $ (133,168) 9,662 $ (364,665) $ 5,952 $ 967,320 (in thousands) Class A Common Stock Additional paid-in capital Retained earnings Accumulated items of other Class A Treasury Stock Noncontrolling Interest Total Equity Shares Amount Shares Amount January 1, 2024 40,856 $ 41 $ 448,218 $ 1,010,942 $ (133,168) 9,662 $ (364,665) $ 5,952 $ 967,320 Net income — — — 87,623 — — — 432 88,055 Compensation and benefits paid or payable in shares 51 — 3,812 — — — — — 3,812 Shares issued to Directors' 10 — 903 — — — — — 903 Purchase of Treasury shares (a) — — — — — 183 (14,545) — (14,545) Dividends declared on Class A Common Stock, $1.05 per share — — — (32,802) — — — — (32,802) Dividends paid to noncontrolling interests — — — — — — — (166) (166) Cumulative translation adjustments — — — — (56,654) — — (809) (57,463) Pension and postretirement liability adjustments — — — — 3,018 — — — 3,018 Derivative valuation adjustment — — — — (9,185) — — — (9,185) December 31, 2024 40,917 $ 41 $ 452,933 $ 1,065,763 $ (195,989) 9,845 $ (379,210) $ 5,409 $ 948,947 (a)

Accounting Policies (Narrative)

Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Oct. 31, 2013
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets for plan benefits, defined benefit plan	$ 17	$ 19.3
Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets for plan benefits, defined benefit plan	$ 0.6	0.7
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Vesting period	1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Vesting period	5 years
Software
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Capitalized internally developed software costs	$ 1.2	$ 0
Software | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful life	5 years
Software | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful life	8 years
Albany Safran Composites, LLC
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Noncontrolling interest, ownership percentage by parent	90%		90%
Arcari, SRL
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Noncontrolling interest, ownership percentage by parent	85%

Accounting Policies (Schedule o

Accounting Policies (Schedule of Foreign Currency Transaction Gains and Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Selling, general, and administrative expenses	$ (4,495)	$ 4,181	$ (554)
Other (income)/expense, net	(3,900)	(2,916)	(9,996)
Total transaction (gains)/losses	$ (8,395)	$ 1,265	$ (10,550)

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 1,100,000	$ 1,200,000	$ 553,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Operating income Increase (decrease)	131,359	167,894	181,022
Revenue, remaining performance obligation, amount	1,100,000	1,200,000	553,000
CH-53K programs | Albany Engineered Composites
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Operating income Increase (decrease)	(25,500)
Gulfstream program | Albany Engineered Composites
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Operating income Increase (decrease)	(11,400)
F-35 program | Albany Engineered Composites
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Operating income Increase (decrease)	(3,900)
Other program | Albany Engineered Composites
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Operating income Increase (decrease)	(2,200)
Long term contract
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Operating income Increase (decrease)	(43,200)	$ (4,100)	$ 500
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	151,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 151,000
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 147,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 147,000
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 143,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 143,000
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period

Revenue Recognition (Schedule o

Revenue Recognition (Schedule of Disaggregation of Revenue For Each Product Group by Timing of Revenue Recognition) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total net revenues	$ 1,230,615	$ 1,147,909	$ 1,034,887
Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	765,496	687,536	625,030
Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	465,119	460,373	409,857
Machine Clothing
Disaggregation of Revenue [Line Items]
Total net revenues	749,907	670,768	609,461
Machine Clothing | Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	745,978	666,990	605,863
Machine Clothing | Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	3,929	3,778	3,598
Albany Engineered Composites
Disaggregation of Revenue [Line Items]
Total net revenues	480,708	477,141	425,426
Albany Engineered Composites | Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	19,518	20,546	19,167
Albany Engineered Composites | Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	461,190	456,595	406,259
ASC
Disaggregation of Revenue [Line Items]
Total net revenues	175,888	184,184	165,775
ASC | Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	0	0	0
ASC | Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	175,888	184,184	165,775
Other AEC
Disaggregation of Revenue [Line Items]
Total net revenues	304,820	292,957	259,651
Other AEC | Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	19,518	20,546	19,167
Other AEC | Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total net revenues	$ 285,302	$ 272,411	$ 240,484

Revenue Recognition (Schedule_2

Revenue Recognition (Schedule of Disaggregate MC Segment Revenue by Significant Product or Service) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total Machine Clothing net revenues	$ 1,230,615	$ 1,147,909	$ 1,034,887
Machine Clothing
Disaggregation of Revenue [Line Items]
Total Machine Clothing net revenues	749,907	670,768	609,461
Machine Clothing | Americas PMC
Disaggregation of Revenue [Line Items]
Total Machine Clothing net revenues	341,204	349,544	321,170
Machine Clothing | Eurasia PMC
Disaggregation of Revenue [Line Items]
Total Machine Clothing net revenues	301,436	250,048	207,115
Machine Clothing | Engineered Fabrics
Disaggregation of Revenue [Line Items]
Total Machine Clothing net revenues	$ 107,267	$ 71,176	$ 81,176

Reportable Segments and Geogr_3

Reportable Segments and Geographic Data (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Oct. 31, 2013
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Operating lease expense	$ 10,776	$ 9,591	$ 6,036
Net revenues	1,230,615	1,147,909	1,034,887
Depreciation	82,452	70,374	62,480
Amortization of intangible assets	5,096	4,452
Pension charges			49,100	$ 49,100
Albany Aerostructures Composites LLC (AAC)
Segment Reporting Information [Line Items]
Receivables	78,500	93,800
Heimbach
Segment Reporting Information [Line Items]
Revenue of acquiree since acquisition date, actual	141,600	51,200
Earnings (loss) of acquiree since acquisition date, actual	20,000	6,300
Depreciation	12,400	4,000
Amortization of intangible assets	$ 1,000	300
Revenue Benchmark | Product Concentration Risk | US Government Contracts Or Programs
Segment Reporting Information [Line Items]
Concentration risk percentage	36%
SAFRAN Group | Revenue Benchmark | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk percentage	14%
Safran
Segment Reporting Information [Line Items]
Operating lease expense	$ 1,000	1,000
Net revenues	$ 178,100	$ 187,600	$ 169,300
Safran | Albany Safran Composites, LLC
Segment Reporting Information [Line Items]
Ownership percentage of noncontrolling shareholder	10%	10%			10%

Reportable Segments and Geogr_4

Reportable Segments and Geographic Data (Schedule of Reportable Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net revenues	$ 1,230,615	$ 1,147,909	$ 1,034,887
Cost of goods sold	828,839	724,191	645,105
Gross profit	401,776	423,718	389,782
Selling, general and administrative expenses	210,882	214,915	168,713
Technical and research expenses	46,097	40,627	39,941
Restructuring expenses, net	13,438	282	106
Operating income/(loss)	131,359	167,894	181,022
Machine Clothing
Segment Reporting Information [Line Items]
Net revenues	749,907	670,768	609,461
Restructuring expenses, net	11,200
Global information system expense	15,200	10,900	10,000
Albany Engineered Composites
Segment Reporting Information [Line Items]
Net revenues	480,708	477,141	425,426
Global information system expense	15,700	14,200	11,800
Corporate
Segment Reporting Information [Line Items]
Global information system expense	1,000	2,100	1,000
Operating segments | Machine Clothing
Segment Reporting Information [Line Items]
Net revenues	749,907	670,768	609,461
Cost of goods sold	403,863	339,210	297,176
Gross profit	346,044	331,558	312,285
Selling, general and administrative expenses	123,120	118,196	91,393
Technical and research expenses	29,832	24,651	24,588
Restructuring expenses, net	9,460	282	92
Operating income/(loss)	183,632	188,429	196,212
Operating segments | Albany Engineered Composites
Segment Reporting Information [Line Items]
Net revenues	480,708	477,141	425,426
Cost of goods sold	424,976	384,981	347,929
Gross profit	55,732	92,160	77,497
Selling, general and administrative expenses	47,421	48,833	42,339
Technical and research expenses	16,265	15,976	15,353
Restructuring expenses, net	3,649	0	0
Operating income/(loss)	(11,603)	27,351	19,805
Operating segments | Corporate
Segment Reporting Information [Line Items]
Net revenues	0	0	0
Cost of goods sold	0	0	0
Gross profit	0	0	0
Selling, general and administrative expenses	40,341	47,886	34,981
Technical and research expenses	0	0	0
Restructuring expenses, net	329	0	14
Operating income/(loss)	$ (40,670)	$ (47,886)	$ (34,995)

Reportable Segments and Geogr_5

Reportable Segments and Geographic Data (Schedule of Financial Data by Reporting Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net revenues	$ 1,230,615	$ 1,147,909	$ 1,034,887
Gross profit	401,776	423,718	389,782
Depreciation and amortization	89,294	76,733	69,049
Operating income/(loss)	131,359	167,894	181,022
Interest income	(4,064)	(6,566)	(3,835)
Interest expense	16,613	20,167	17,835
Pension settlement expense	0	0	49,128
Other (income)/expense, net	1,721	(6,163)	(14,086)
Income before income taxes	117,089	160,456	131,980
Corporate
Segment Reporting Information [Line Items]
Depreciation and amortization	1,149	1,353	1,489
Operating income/(loss)	(40,670)	(47,886)	(34,995)
Reconciling items:
Segment Reporting Information [Line Items]
Interest income	(4,064)	(6,566)	(3,835)
Interest expense	16,613	20,167	17,835
Pension settlement expense	0	0	49,128
Other (income)/expense, net	1,721	(6,163)	(14,086)
Machine Clothing
Segment Reporting Information [Line Items]
Net revenues	749,907	670,768	609,461
Machine Clothing | Operating segments
Segment Reporting Information [Line Items]
Net revenues	749,907	670,768	609,461
Gross profit	346,044	331,558	312,285
Depreciation and amortization	33,917	24,616	19,982
Operating income/(loss)	183,632	188,429	196,212
Albany Engineered Composites
Segment Reporting Information [Line Items]
Net revenues	480,708	477,141	425,426
Albany Engineered Composites | Operating segments
Segment Reporting Information [Line Items]
Net revenues	480,708	477,141	425,426
Gross profit	55,732	92,160	77,497
Depreciation and amortization	54,228	50,764	47,578
Operating income/(loss)	$ (11,603)	$ 27,351	$ 19,805

Reportable Segments and Geogr_6

Reportable Segments and Geographic Data (Schedule of Operating Assets and Capital Expenditures by Reporting Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	$ 1,648,696	$ 1,835,014	$ 1,642,255
Cash	115,283	173,420
Capital expenditures and purchased software	81,207	84,429	96,348
Reconciling items:
Segment Reporting, Asset Reconciling Item [Line Items]
Cash	115,283	173,420	291,776
Income taxes prepaid, receivable and deferred	47,944	33,984	23,134
Prepaid and Other assets	148,560	156,772	153,983
Corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Capital expenditures and purchased software	1,816	1,108	602
Machine Clothing | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	600,603	669,907	455,390
Capital expenditures and purchased software	21,270	25,917	20,901
Albany Engineered Composites | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	736,306	800,931	717,972
Capital expenditures and purchased software	$ 58,121	$ 57,404	$ 74,845

Reportable Segments and Geogr_7

Reportable Segments and Geographic Data (Schedule of Net Sales and Property, Plant, And Equipment by Geographic Area) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	$ 1,230,615	$ 1,147,909	$ 1,034,887
Total Property, plant and equipment, net	563,431	601,989	445,658
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	650,532	649,500	586,779
Total Property, plant and equipment, net	299,370	303,578	278,500
Switzerland
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	109,751	115,207	119,069
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	86,991	32,239	4,461
Total Property, plant and equipment, net	46,033	52,934	9,562
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	81,141	77,573	76,826
Total Property, plant and equipment, net	30,935	31,069	31,382
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	67,732	65,135	63,914
Total Property, plant and equipment, net	52,063	57,070	33,432
Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	66,943	69,527	66,175
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	57,928	58,874	58,519
Total Property, plant and equipment, net	38,762	46,759	42,320
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Property, plant and equipment, net	16,651	18,306	9,699
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Property, plant and equipment, net	14,313	15,318	14,264
Spain
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Property, plant and equipment, net	12,154	14,804	0
Other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenues	109,597	79,854	59,144
Total Property, plant and equipment, net	$ 53,150	$ 62,151	$ 26,499

Pension, Postretirement, and _3

Pension, Postretirement, and Other Benefit Plans (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Pension charges			$ 49,100	$ 49,100
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation expense	$ 7,800	$ 7,300	6,600
Benefit obligation period increase (decrease)	(21,200)	74,600
Benefits paid	9,423	6,388
Foreign currency changes	8,572	(4,792)
Acquisition	0	64,947
Actuarial (gain)/loss	(3,868)	6,317
Profit sharing plan
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation expense	2,400	4,900	$ 4,600
Other postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation period increase (decrease)	(2,000)	(7,000)
Benefits paid	2,651	2,795
Foreign currency changes	71	(18)
Acquisition	0	0
Actuarial (gain)/loss	$ (709)	$ (6,131)
Minimum | Pension plans
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percent of match	50%
Maximum | Pension plans
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percent of match	100%

Pension, Postretirement, and _4

Pension, Postretirement, and Other Benefit Plans (Schedule of Plan Benefit Obligations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension plans
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning of year	$ 158,323	$ 83,730
Service cost	1,812	1,478	$ 1,371
Interest cost	6,114	5,151
Plan participants' contributions	530	281
Actuarial (gain)/loss	(3,868)	6,317
Benefits paid	(9,423)	(6,388)
Acquisitions	0	64,947
Settlements and curtailments	(7,805)	0
Plan amendments and other	0	(1,985)
Foreign currency changes	(8,572)	4,792
Benefit obligation, end of year	137,111	158,323	83,730
Accumulated benefit obligation	$ 132,198	$ 151,001
Pension plans | United States
Weighted average assumptions used to determine benefit obligations, end of year:
Discount rate	5.44%	5.15%
Pension plans | Foreign Plan
Weighted average assumptions used to determine benefit obligations, end of year:
Discount rate	4.32%	4.05%
Compensation increase	2.68%	2.89%
Pension plans | Switzerland
Weighted average assumptions used to determine benefit obligations, end of year:
Cash balance interest crediting rate	1.15%	1.30%
Other postretirement benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning of year	$ 28,684	$ 35,658
Service cost	46	60	114
Interest cost	1,416	1,874
Plan participants' contributions	0	0
Actuarial (gain)/loss	(709)	(6,131)
Benefits paid	(2,651)	(2,795)
Acquisitions	0	0
Settlements and curtailments	0	0
Plan amendments and other	0	0
Foreign currency changes	(71)	18
Benefit obligation, end of year	26,715	28,684	$ 35,658
Accumulated benefit obligation	$ 0	$ 0
Other postretirement benefits | United States
Weighted average assumptions used to determine benefit obligations, end of year:
Discount rate	5.61%	5.21%
Other postretirement benefits | Foreign Plan
Weighted average assumptions used to determine benefit obligations, end of year:
Discount rate	4.70%	4.70%
Compensation increase	2.75%	2.75%
Other postretirement benefits | Switzerland
Weighted average assumptions used to determine benefit obligations, end of year:
Cash balance interest crediting rate	0%	0%

Pension, Postretirement, and _5

Pension, Postretirement, and Other Benefit Plans (Schedule of Plan Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Pension plans
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of year	$ 112,688	$ 74,929
Actual return on plan assets, net of expenses	(408)	6,285
Employer contributions	8,744	3,629
Plan participants' contributions	530	281
Benefits paid	(9,423)	(6,388)
Acquisitions	0	30,941
Settlements	(3,811)	0
Other	0	(832)
Foreign currency changes	(5,183)	3,843
Fair value of plan assets, end of year	103,137	112,688
Other postretirement benefits
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of year	0	0
Actual return on plan assets, net of expenses	0	0
Employer contributions	2,651	2,795
Plan participants' contributions	0	0
Benefits paid	(2,651)	(2,795)
Acquisitions	0	0
Settlements	0	0
Other	0	0
Foreign currency changes	0	0
Fair value of plan assets, end of year	$ 0	$ 0

Pension, Postretirement, and _6

Pension, Postretirement, and Other Benefit Plans (Schedule of Funded Status of Plans and Composition of Accrued Pension Cost) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Noncurrent asset	$ 17,000	$ 19,300
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	103,137	112,688	$ 74,929
Benefit obligation	137,111	158,323	83,730
Funded status	(33,974)	(45,635)
Noncurrent asset	16,982	19,296
Current liability	(4,915)	(5,500)
Noncurrent liability	(46,041)	(59,431)
Net amount recognized	(33,974)	(45,635)
Net actuarial loss	19,529	22,512
Prior service cost/(credit)	(96)	(132)
Net amount recognized	19,433	22,380
Other postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0	0
Benefit obligation	26,715	28,684	$ 35,658
Funded status	(26,715)	(28,684)
Noncurrent asset	0	0
Current liability	(2,772)	(2,808)
Noncurrent liability	(23,943)	(25,876)
Net amount recognized	(26,715)	(28,684)
Net actuarial loss	1,345	1,991
Prior service cost/(credit)	(360)	(484)
Net amount recognized	$ 985	$ 1,507

Pension, Postretirement, and _7

Pension, Postretirement, and Other Benefit Plans (Schedule of Net Pension Plan Funded Status) (Details) - Pension plans - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Pension plans with pension assets	$ 16,982
Pension plans without pension assets	(50,956)
Net amount recognized	(33,974)	$ (45,635)
United States
Defined Benefit Plan Disclosure [Line Items]
Pension plans with pension assets	0
Pension plans without pension assets	(3,284)
Net amount recognized	(3,284)
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Pension plans with pension assets	16,982
Pension plans without pension assets	(47,672)
Net amount recognized	$ (30,690)

Pension, Postretirement, and _8

Pension, Postretirement, and Other Benefit Plans (Schedule of Net Periodic Benefit Plan Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension plans
Components of net periodic benefit cost:
Service cost	$ 1,812	$ 1,478	$ 1,371
Interest cost	6,114	5,151	4,917
Expected return on assets	(5,430)	(4,347)	(5,979)
Amortization of prior service cost/(credit)	(26)	(32)	(8)
Amortization of net actuarial loss	647	555	1,377
Settlement	(33)	0	49,128
Curtailment (gain)/loss	(37)	0	0
Net periodic benefit cost	$ 3,047	$ 2,805	$ 50,806
Pension plans | United States
Weighted average assumptions used to determine net cost:
Discount rate	5.15%	5.49%	2.63%
Expected return on plan assets			3.07%
Pension plans | Foreign Plan
Weighted average assumptions used to determine net cost:
Discount rate	4.05%	5.15%	2.41%
Expected return on plan assets	4.98%	5.21%	3.31%
Rate of compensation increase	2.89%	3.08%	2.70%
Pension plans | Switzerland
Weighted average assumptions used to determine net cost:
Cash balance interest crediting rate	1.30%	2.15%	0.25%
Other postretirement benefits
Components of net periodic benefit cost:
Service cost	$ 46	$ 60	$ 114
Interest cost	1,416	1,874	1,221
Expected return on assets	0	0	0
Amortization of prior service cost/(credit)	(124)	(4,090)	(4,488)
Amortization of net actuarial loss	(34)	828	1,883
Settlement	0	0	0
Curtailment (gain)/loss	0	0	0
Net periodic benefit cost	$ 1,304	$ (1,328)	$ (1,270)
Other postretirement benefits | United States
Weighted average assumptions used to determine net cost:
Discount rate	5.21%	5.55%	2.83%
Other postretirement benefits | Foreign Plan
Weighted average assumptions used to determine net cost:
Discount rate	4.70%	5.20%	3.05%
Rate of compensation increase	2.75%	2.75%	2.75%
Other postretirement benefits | Switzerland
Weighted average assumptions used to determine net cost:
Cash balance interest crediting rate	0%	0%	0%

Pension, Postretirement, and _9

Pension, Postretirement, and Other Benefit Plans (Schedule of (Gains)/Losses Recognized in Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Settlements/curtailments	$ 0	$ 0	$ (42,657)
Asset/liability loss/(gain)	(3,888)	(4,302)	2,292
Amortization of actuarial (loss)	(613)	(1,383)	(3,260)
Amortization of prior service cost/(credit)	150	4,122	4,497
Pension plans
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Settlements/curtailments	70	0	(49,128)
Asset/liability loss/(gain)	(2,023)	4,365	16,828
Amortization of actuarial (loss)	(646)	(554)	(1,377)
Amortization of prior service cost/(credit)	26	32	8
Currency impact	(748)	757	(944)
Cost/(benefit) in Other comprehensive income	(3,321)	4,600	(34,613)
Other postretirement benefits
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Settlements/curtailments	0	0	0
Asset/liability loss/(gain)	(709)	(6,131)	(6,658)
Amortization of actuarial (loss)	34	(828)	(1,883)
Amortization of prior service cost/(credit)	124	4,090	3,884
Currency impact	28	(8)	15
Cost/(benefit) in Other comprehensive income	$ (523)	$ (2,877)	$ (4,642)

Pension, Postretirement, and_10

Pension, Postretirement, and Other Benefit Plans (Schedule of Fair Value of Plan Assets) (Details) - Pension plans - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 103,137	$ 112,688	$ 74,929
Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	103,137	112,688
Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5,323	5,740
Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	54,181	60,997
Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7,608	7,597
Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	67,112	74,334
Common Stocks and equity funds | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common Stocks and equity funds | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4,241	4,159
Common Stocks and equity funds | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common Stocks and equity funds | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4,241	4,159
Common Stocks and equity funds | Fair Value Measured at Net Asset Value Per Share | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	13,124	12,608
Debt securities | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Debt securities | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	49,940	56,838
Debt securities | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Debt securities | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	49,940	56,838
Insurance contracts | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Insurance contracts | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Insurance contracts | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7,608	7,597	$ 2,418
Insurance contracts | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,528	3,478
Insurance contracts | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,528	3,478
Real Estate | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real Estate | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real Estate | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,244	3,451
Real Estate | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,244	3,451
Hedge Funds | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Hedge Funds | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Hedge Funds | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	836	668
Hedge Funds | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	836	668
Cash and short-term investments | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5,323	5,740
Cash and short-term investments | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Cash and short-term investments | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Cash and short-term investments | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5,323	5,740
Fixed income funds | Fair Value Measured at Net Asset Value Per Share | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	22,901	25,746
Limited partnerships | Fair Value Measured at Net Asset Value Per Share | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0

Pension, Postretirement, and_11

Pension, Postretirement, and Other Benefit Plans (Reconciliation of Level 3 Assets) (Details) - Pension plans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of year	$ 112,688	$ 74,929
Fair value of plan assets, end of year	103,137	112,688
Insurance contracts | Fair Value, Inputs, Level 3
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of year	7,597	2,418
Net realized gains	0	0
Net unrealized gains	58	18
Net purchases, issuances and settlements	(47)	5,161
Net transfers (out of) Level 3	0	0
Fair value of plan assets, end of year	$ 7,608	$ 7,597

Pension, Postretirement, and_12

Pension, Postretirement, and Other Benefit Plans (Schedule of Asset Allocation) (Details) - Foreign Plan	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	100%
Percentage of plan assets at plan measurement date	100%	100%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	15%
Percentage of plan assets at plan measurement date	15%	13%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	70%
Percentage of plan assets at plan measurement date	70%	73%
Real estate
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	3%
Percentage of plan assets at plan measurement date	3%	3%
Other
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	12%
Percentage of plan assets at plan measurement date	12%	11%

Pension, Postretirement, and_13

Pension, Postretirement, and Other Benefit Plans (Schedule of Pension Plans with Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Pension Plan with Project Benefit Obligation in Excess of Plan Assets [Abstract]
Projected benefit obligation	$ 55,067	$ 81,972
Fair value of plan assets	4,111	17,041
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	52,493	77,688
Fair value of plan assets	$ 3,509	$ 17,041

Pension, Postretirement, and_14

Pension, Postretirement, and Other Benefit Plans (Schedule of Expected Cash Flows) (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions and direct employer payments in the next fiscal year	$ 5,707
2025	10,249
2026	10,244
2027	9,732
2028	9,963
2029	9,855
2030 to 2034 (expected, combined)	49,316
Other postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions and direct employer payments in the next fiscal year	2,772
2025	2,772
2026	2,672
2027	2,573
2028	2,474
2029	2,375
2030 to 2034 (expected, combined)	$ 10,418

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	$ 13,438	$ 282	$ 106
Restructuring	4,996	$ 0
Machine Clothing
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	11,200
Inventory write-down	1,700
Workforce Reductions | Albany Engineered Composites
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	3,600
Workforce Reductions, Fixed Asset Impairments, and Related Costs | Machine Clothing
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	$ 9,500

Restructuring (Schedule of Rest

Restructuring (Schedule of Restructuring Charges) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring expenses, net
Total restructuring expense	$ 13,438	$ 282	$ 106
Machine Clothing
Restructuring expenses, net
Total restructuring expense	11,200
Total restructuring costs incurred
Restructuring expenses, net
Total restructuring expense	15,143	282	106
Termination and other costs
Restructuring expenses, net
Total restructuring expense	12,276	282	106
Impairment of assets
Restructuring expenses, net
Total restructuring expense	2,867	0	0
Operating segments | Machine Clothing
Restructuring expenses, net
Total restructuring expense	9,460	282	92
Operating segments | Albany Engineered Composites
Restructuring expenses, net
Total restructuring expense	3,649	0	0
Operating segments | Total restructuring costs incurred | Machine Clothing
Restructuring expenses, net
Total restructuring expense	11,165	282	92
Operating segments | Total restructuring costs incurred | Albany Engineered Composites
Restructuring expenses, net
Total restructuring expense	3,649	0	0
Operating segments | Termination and other costs | Machine Clothing
Restructuring expenses, net
Total restructuring expense	8,298	282	92
Operating segments | Termination and other costs | Albany Engineered Composites
Restructuring expenses, net
Total restructuring expense	3,649	0	0
Operating segments | Impairment of assets | Machine Clothing
Restructuring expenses, net
Total restructuring expense	2,867	0	0
Operating segments | Impairment of assets | Albany Engineered Composites
Restructuring expenses, net
Total restructuring expense	0	0	0
Corporate | Total restructuring costs incurred
Restructuring expenses, net
Total restructuring expense	329	0	14
Corporate | Termination and other costs
Restructuring expenses, net
Total restructuring expense	329	0	14
Corporate | Impairment of assets
Restructuring expenses, net
Total restructuring expense	$ 0	$ 0	$ 0

Restructuring (Schedule of Re_2

Restructuring (Schedule of Restructuring Liability) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Reserve [Roll Forward]
Restructuring charges accrued	$ 13,438	$ 282	$ 106
Employee Severance
Restructuring Reserve [Roll Forward]
Beginning balance	0	0
Restructuring charges accrued	12,276	282
Payments	(7,378)	(285)
Currency translation/other	98	3
Ending balance	$ 4,996	$ 0	$ 0

Other (Income)_Expense, net (Sc

Other (Income)/Expense, net (Schedule of Other (Income)/ Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Income and Expenses [Abstract]
Currency transactions	$ (3,900)	$ (2,916)	$ (9,996)
Sale of IP addresses	0	0	(3,420)
Foreign currency hedging (gains)/losses	3,459	(351)	(509)
Bank fees and amortization of debt issuance costs	232	180	313
Components of net periodic pension and postretirement cost other than service	2,493	(61)	(1,077)
Other	(563)	(3,015)	603
Total other (income)/expense, net	$ 1,721	$ (6,163)	$ (14,086)

Other (Income)_Expense, net (Na

Other (Income)/Expense, net (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Income and Expenses [Abstract]
Foreign currency transaction gain (loss), realized	$ 3,900	$ 2,900
Foreign currency hedging gains (losses)	(3,459)	351	$ 509
Net periodic pension and postretirement costs, service costs (benefits)	2,500	(100)
Gain on sale of IP address	$ 0	$ 0	$ 3,400

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income/(Loss) From Continuing Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income/(loss) before income taxes, U.S.	$ 26,660	$ 68,872	$ 20,422
Income/(loss) before income taxes, Non-U.S.	90,429	91,584	111,558
Income before income taxes	117,089	160,456	131,980
Current:
Federal	2,682	17,005	9,781
State	4,724	2,030	5,126
Non-U.S.	34,053	34,110	28,605
Current income tax provision	41,459	53,145	43,512
Deferred:
Federal	1,699	(1,700)	(9,592)
State	(804)	863	(1,866)
Non-U.S.	(13,320)	(3,462)	3,418
Deferred income tax provision	(12,425)	(4,299)	(8,040)
Total income tax expense	$ 29,034	$ 48,846	$ 35,472

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of the U.S. Federal Statutory Tax Rate to the Company's Effective Income Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21%	21%	21%
State taxes, net of federal benefit	2.30%	1.90%	2.50%
Non-U.S. local income taxes	2.30%	1.40%	3.80%
U.S. permanent adjustments	0.60%	0.80%	1.40%
Foreign permanent adjustments	1%	0.70%	(2.10%)
Foreign rate differential	2.10%	2%	3.10%
Net U.S. tax on non-U.S. earnings and foreign withholdings	2.80%	5.10%	3.50%
Provision for/(resolution) of tax audits and contingencies, net	(1.30%)	0.30%	0.30%
U.S. Pension Settlement - Release of Residual Tax Effect	0%	0%	(4.00%)
Change in valuation allowances	4.40%	(1.20%)	(0.60%)
Impact of Mexico net operating loss inflation revaluation	(2.20%)	0%	0%
Establishment of deferred tax asset for Non-U.S. reserves	(4.30%)	0%	0%
Impact of amended tax returns	(0.80%)	0%	(0.10%)
Return to provision	(2.20%)	(1.20%)	(1.10%)
Other adjustments	(0.90%)	(0.40%)	(0.80%)
Effective income tax rate	24.80%	30.40%	26.90%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) country	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Income Tax Disclosure [Line Items]
Net tax benefit	$ 0	$ 0	$ 5.2
Number of countries outside the United States which constitute a taxable presence | country	22
U.S. federal statutory tax rate	21%	21%	21%
Cash payments for taxes	$ 47.3	$ 54.5	$ 50
Current year and prior year earnings of company's foreign operations	163
Foreign withholding taxes	4.5
Reduction in provisional transition tax	0.7
Undistributed earnings of foreign subsidiaries	132.9
Unrecognized tax benefit that would impact the effective tax rate	3.1
Unrecognized tax benefit, increase resulting from acquisition	1
Interest and penalties related to the unrecognized tax benefits	0.4	$ 0.5	$ 0.1
Decrease reasonably possible	2.4
Foreign Tax Jurisdiction
Income Tax Disclosure [Line Items]
Net tax benefit	5
Foreign Tax Jurisdiction | New Valuation Allowance
Income Tax Disclosure [Line Items]
Increase (decrease) in valuation allowance	6.7
Foreign Tax Jurisdiction | Reduction in New Valuation Allowance
Income Tax Disclosure [Line Items]
Increase (decrease) in valuation allowance	$ (6.3)
Brazil
Income Tax Disclosure [Line Items]
U.S. federal statutory tax rate	34%
China
Income Tax Disclosure [Line Items]
U.S. federal statutory tax rate	25%
Mexico
Income Tax Disclosure [Line Items]
U.S. federal statutory tax rate	30%
Switzerland
Income Tax Disclosure [Line Items]
U.S. federal statutory tax rate	15%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
U.S.
Income Tax Disclosure [Line Items]
Net deferred tax (liability)/asset	$ (42)	$ (1,948)
Non-U.S.
Income Tax Disclosure [Line Items]
Net deferred tax (liability)/asset	13,988	1,309
Deferred tax assets: | U.S.
Income Tax Disclosure [Line Items]
Accounts receivable, net	502	528
Inventories	2,473	1,608
Incentive compensation	1,453	5,843
Property, plant, equipment and intangibles, net	0	0
Pension, post retirement benefits - non-current	6,440	6,939
Tax loss carryforwards	49	110
Tax credit carryforwards	3,602	3,167
Leases	12,192	8,685
Reserves	2,639	877
Deferred revenue	0	244
Other	373	0
Deferred tax assets before valuation allowance	29,723	28,001
Less: valuation allowance	(1,826)	(118)
Total deferred tax assets	27,897	27,883
Deferred tax assets: | Non-U.S.
Income Tax Disclosure [Line Items]
Accounts receivable, net	1,138	1,489
Inventories	1,636	1,429
Incentive compensation	750	1,162
Property, plant, equipment and intangibles, net	0	0
Pension, post retirement benefits - non-current	2,202	4,899
Tax loss carryforwards	32,963	29,811
Tax credit carryforwards	29	19
Leases	2,205	2,463
Reserves	7,150	1,299
Deferred revenue	0	0
Other	909	0
Deferred tax assets before valuation allowance	48,982	42,571
Less: valuation allowance	(13,670)	(9,730)
Total deferred tax assets	35,312	32,841
Deferred tax liabilities: | U.S.
Income Tax Disclosure [Line Items]
Unrepatriated foreign earnings	4,961	4,270
Property, plant, equipment and intangibles, net	4,626	8,433
Basis difference in partner capital	1,420	1,719
Basis difference in investment	5,081	4,192
Derivatives	38	3,009
Leases	11,433	8,091
Deferred revenue	380	0
Other	0	117
Total deferred tax liabilities	27,939	29,831
Deferred tax liabilities: | Non-U.S.
Income Tax Disclosure [Line Items]
Unrepatriated foreign earnings	0	0
Property, plant, equipment and intangibles, net	14,483	19,000
Basis difference in partner capital	0	0
Basis difference in investment	0	0
Derivatives	125	109
Leases	2,053	2,331
Deferred revenue	4,663	9,843
Other	0	249
Total deferred tax liabilities	$ 21,324	$ 31,532

Income Taxes (Schedule of Opera

Income Taxes (Schedule of Operating and Capital Carryforwards and Tax Credit Carryforward) (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	$ 140,306
Tax Credit Carryforwards	3,602
U.S. | 2025 - 2034
Income Tax Disclosure [Line Items]
Tax Credit Carryforwards	2,797
State and Local Jurisdiction
Income Tax Disclosure [Line Items]
Tax Credit Carryforwards	448
State and Local Jurisdiction | 2033 - 2048
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	940
Tax Credit Carryforwards	357
Non-U.S. | 2025 - 2040
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	6,192
Non-U.S. | Indefinite
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	$ 133,174

Income Taxes (Reconciliation _2

Income Taxes (Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefits balance at January 1,	$ 2,741	$ 792	$ 1,459
Increase in gross amounts of tax positions related to prior years	1,102	2,373	399
Decrease in gross amounts of tax positions related to prior years	(224)	0	(929)
Increase in gross amounts of tax positions related to current years	0	196	37
Decrease due to settlements with tax authorities	(460)	0	0
Increase (decrease) due to lapse in statute of limitations	116
Increase (decrease) due to lapse in statute of limitations		(656)	0
Currency translation		36
Currency translation	(133)		(174)
Unrecognized tax benefits balance at December 31	$ 3,142	$ 2,741	$ 792

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income attributable to the Company	$ 87,623	$ 111,120	$ 95,762
Weighted average number of shares:
Weighted average number of shares used in calculating basic net income per share (in shares)	31,231	31,171	31,339
Effect of dilutive stock-based compensation plans:
Weighted average number of shares used in calculating diluted net income per share (in shares)	31,338	31,276	31,455
Net income per share:
Basic (in dollars per share)	$ 2.81	$ 3.56	$ 3.06
Diluted (in dollars per share)	$ 2.80	$ 3.55	$ 3.04
Common stock, shares, outstanding (in shares)	31,100	31,200	31,100
RSU And MPP
Effect of dilutive stock-based compensation plans:
Restricted stock units and multi-year awards (in shares)	107	105	116

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income ("AOCI") (Schedule of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at end of the period	$ 967,320	$ 867,543	$ 877,605
Other comprehensive income/(loss) before reclassifications	(55,608)	21,216	(22,000)
Pension/postretirement plan remeasurement, net of tax	2,605	3,629	(2,663)
Net current period other comprehensive income	(62,821)	11,759	1,057
Balance at end of the period	948,947	967,320	867,543
AOCI Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at end of the period	(133,168)	(144,927)	(145,984)
Pension/postretirement settlements and curtailments, net of tax			26,198
Balance at end of the period	(195,989)	(133,168)	(144,927)
Translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at end of the period	(124,901)	(146,851)	(105,880)
Other comprehensive income/(loss) before reclassifications	(56,654)	21,950	(40,971)
Net current period other comprehensive income	(56,654)	21,950	(40,971)
Balance at end of the period	(181,555)	(124,901)	(146,851)
Pension and postretirement liability adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at end of the period	(17,346)	(15,783)	(38,490)
Other comprehensive income/(loss) before reclassifications	103	(3,357)
Pension/postretirement settlements and curtailments, net of tax			26,198
Pension/postretirement plan remeasurement, net of tax	2,605	3,629	(2,663)
Amounts reclassified to the Consolidated Statements of Income, net of tax	310	(1,835)	(828)
Net current period other comprehensive income	3,018	(1,563)	22,707
Balance at end of the period	(14,328)	(17,346)	(15,783)
Derivative valuation adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at end of the period	9,079	17,707	(1,614)
Other comprehensive income/(loss) before reclassifications	943	2,623	18,971
Amounts reclassified to the Consolidated Statements of Income, net of tax	(10,128)	(11,251)	350
Net current period other comprehensive income	(9,185)	(8,628)	19,321
Balance at end of the period	$ (106)	$ 9,079	$ 17,707

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income ("AOCI") (Schedule of Items Reclassified to Statement of Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
(Income)/Expense related to interest rate swaps included in Income before taxes(a)	$ (117,089)	$ (160,456)	$ (131,980)
Income tax effect	29,034	48,846	35,472
Net income attributable to the Company	(87,623)	(111,120)	(95,762)
Amortization of prior service credit	(150)	(4,122)	(4,497)
Net actuarial loss	613	1,383	3,260
Total other (income)/expense, net	1,721	(6,163)	(14,086)
Reclassification out of Accumulated Other Comprehensive Income | Derivative valuation adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
(Income)/Expense related to interest rate swaps included in Income before taxes(a)	(13,547)	(15,062)	468
Income tax effect	3,419	3,811	(118)
Net income attributable to the Company	(10,128)	(11,251)	350
Reclassification out of Accumulated Other Comprehensive Income | Pension and postretirement liability adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax effect	(153)	904	(16,051)
Net income attributable to the Company	310	(1,835)	25,369
Amortization of prior service credit	(150)	(4,122)	(4,497)
Net actuarial loss	613	1,383	3,260
Total other (income)/expense, net	463	(2,739)	41,420
Reclassification out of Accumulated Other Comprehensive Income | Pension/postretirement settlements and curtailments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total other (income)/expense, net	$ 0	$ 0	$ 42,657

Noncontrolling Interest (Narrat

Noncontrolling Interest (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Net income/(loss) of Albany Safran Composites (ASC)		$ 88,055	$ 111,610	$ 96,508
Noncontrolling interest		5,409	5,952
Arcari, SRL
Noncontrolling Interest [Line Items]
Net income/(loss) of Albany Safran Composites (ASC)		$ 100
Noncontrolling interest			$ 400
Albany Safran Composites, LLC
Noncontrolling Interest [Line Items]
Subsidiary or equity method investee, cumulative percentage ownership after all transactions	90%
Subsidiary or equity method investee, cumulative proceeds received on all transactions	$ 28,000
Noncontrolling interest, ownership percentage by parent	90%	90%
Albany Safran Composites, LLC | Safran
Noncontrolling Interest [Line Items]
Ownership percentage of noncontrolling shareholder	10%	10%	10%
Arcari, SRL
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by parent		85%

Noncontrolling Interest (Income

Noncontrolling Interest (Income attributable to the noncontrolling interest and noncontrolling equity) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Oct. 31, 2013
Noncontrolling Interest [Line Items]
Net income/(loss) of Albany Safran Composites (ASC)	$ 88,055	$ 111,610	$ 96,508
Net income/(loss) of ASC available for common ownership	87,623	111,120	95,762
Net income/(loss) attributable to noncontrolling interest	432	490	746
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year	5,952
Initial equity related to Noncontrolling interest in Arcari		509
Net income/(loss) attributable to noncontrolling interest	432	490	746
Dividends paid to noncontrolling interests	(166)	0
ASC noncontrolling interest, end of year	5,409	5,952
Albany Safran Composites, LLC
Noncontrolling Interest [Line Items]
Net income/(loss) of Albany Safran Composites (ASC)	4,759	6,036
Less: Return attributable to the Company's preferred holding	1,329	1,300
Net income/(loss) of ASC available for common ownership	3,430	4,736
Net income/(loss) attributable to noncontrolling interest	343	474
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year	5,423	4,494
Net income/(loss) attributable to noncontrolling interest	343	474
Changes in other comprehensive income attributable to noncontrolling interest	(783)	455
ASC noncontrolling interest, end of year	$ 4,983	$ 5,423	4,494
Safran | Albany Safran Composites, LLC
Noncontrolling Interest [Line Items]
Ownership percentage of noncontrolling shareholder	10%	10%		10%
Arcari, SRL
Noncontrolling Interest [Line Items]
Net income/(loss) attributable to noncontrolling interest	$ 89	$ 16
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year	529	0
Initial equity related to Noncontrolling interest in Arcari	0	509
Net income/(loss) attributable to noncontrolling interest	89	16
Changes in other comprehensive income attributable to noncontrolling interest	(26)	4
ASC noncontrolling interest, end of year	$ 426	$ 529	$ 0

Accounts Receivable (Schedule o

Accounts Receivable (Schedule of Accounts Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Trade and other accounts receivable	$ 231,136	$ 272,351
Bank promissory notes	19,637	20,690
Allowance for expected credit losses	(4,085)	(5,260)	$ (3,097)
Accounts receivable, net	$ 246,688	$ 287,781

Accounts Receivable (Schedule_2

Accounts Receivable (Schedule of Contract Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Noncurrent receivables	$ 0	$ 4,414
Allowance for expected credit losses	0	(22)	$ (140)
Noncurrent receivables, net	$ 0	$ 4,392

Accounts Receivable (Schedule_3

Accounts Receivable (Schedule of Changes in Allowance for Credit Losses for Receivable) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance	$ (5,260)	$ (3,097)
(Charge)/ benefit	(384)	(611)
Currency translation	204	(114)
Other	1,355	(1,438)
Accounts receivable expected credit losses, ending balance	(4,085)	(5,260)
Specific Customer Reserves
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance	(2,484)	(2,076)
(Charge)/ benefit	(541)	(424)
Currency translation	128	(74)
Other	(37)	90
Accounts receivable expected credit losses, ending balance	(2,934)	(2,484)
Incremental Expected Credit Losses
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance	(2,776)	(1,021)
(Charge)/ benefit	157	(187)
Currency translation	76	(40)
Other	1,392	(1,528)
Accounts receivable expected credit losses, ending balance	$ (1,151)	$ (2,776)

Accounts Receivable (Schedule_4

Accounts Receivable (Schedule of Changes in Noncurrent Allowance for Credit Losses for Receivables) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Noncurrent receivables expected credit losses, beginning balance	$ (22)	$ (140)
(Charge)/ benefit	22	123
Currency translation	0	(5)
Other	0	0
Noncurrent receivables expected credit losses, ending balance	$ 0	$ (22)

Contract Assets and Liabiliti_3

Contract Assets and Liabilities (Schedule of Contract Assets and Contract Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract assets	$ 167,397	$ 183,189
Allowance for expected credit losses	(840)	(908)	$ (748)
Contract assets, net	166,557	182,281
Contract liabilities	$ 6,085	$ 7,127

Contract Assets and Liabiliti_4

Contract Assets and Liabilities (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Decrease in contract with customer, asset	$ 15.7
Decrease in contract liabilities	1
Contract liability, revenue recognized	$ 4.3	$ 15.2

Contract Assets and Liabiliti_5

Contract Assets and Liabilities (Schedule of (Increases)/ Decreases in Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ (908)	$ (748)
(Charge)/ benefit	52	(152)
Currency translation	16	(8)
Other	0	0
Ending balance	$ (840)	$ (908)

Inventories (Schedule of Invent

Inventories (Schedule of Inventory) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 76,559	$ 79,611
Work in process	54,917	67,743
Finished goods	14,369	22,213
Total inventories	$ 145,845	$ 169,567

Property, Plant and Equipment_3

Property, Plant and Equipment, net (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,704,770	$ 1,734,723
Accumulated depreciation and amortization	(1,141,339)	(1,132,734)
Property, plant and equipment, net	563,431	601,989	$ 445,658
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 28,161	29,654
Useful life	25 years
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 306,273	302,086
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Useful life	40 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,188,661	1,207,504
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 11,457	11,409
Useful life	5 years
Computer and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 25,024	24,120
Computer and other equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Computer and other equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 69,932	69,191
Software | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Software | Maximum
Property, Plant and Equipment [Line Items]
Useful life	8 years
Capital expenditures in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 75,262	$ 90,759

Property, Plant and Equipment_4

Property, Plant and Equipment, net (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 82,452	$ 70,374	$ 62,480
Software, amortization	1,900	1,900	1,700
Capital expenditures and purchased software	81,207	84,429	96,348
Unamortized software cost	5,400	6,600	5,900
Expenditures for maintenance and repairs	$ 25,400	$ 22,400	$ 20,700

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($)	3 Months Ended			12 Months Ended
	Dec. 31, 2024	Oct. 03, 2024	Jun. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Aug. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charges			$ 0
Reporting unit, reduction in percentage of fair value in excess of carrying amount		20%
Reporting unit, percentage of fair value in excess of carrying amount		25%
Impairment of intangible assets, finite-lived	$ 300,000
Amortized intangible assets, gross	86,100,000			$ 86,100,000
Amortized intangible assets, accumulated amortization	$ 53,700,000			53,700,000
Amortization of intangible assets				$ 5,096,000	$ 4,452,000
Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag				other changes
Heimbach
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets							$ 14,900,000
Amortization of intangible assets				$ 1,000,000	300,000
Heimbach | AEC Technology
Finite-Lived Intangible Assets [Line Items]
Acquired finite-lived intangibles							$ 8,900,000
Finite-lived intangible assets, useful life							9 years
Heimbach | AEC Tradema
Finite-Lived Intangible Assets [Line Items]
Acquired indefinite-lived intangible assets							$ 6,000,000
Cost of Sales
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets				1,100,000	400,000	$ 800,000
Selling, General and Administrative Expenses
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets				$ 4,200,000	$ 4,100,000	$ 4,000,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule of Changes in Intangible Assets and Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 38,576	$ 33,811
Other Changes	(289)
Amortization	(5,096)	(4,452)
Currency Translation	(776)	299
Acquisition		8,918
Ending balance	32,415	38,576
Goodwill [Roll Forward]
Beginning Balance	180,181
Ending Balance	176,261	180,181
Indefinite-Lived Intangible Assets Including Goodwill [Roll Forward]
Beginning Balance	186,251	178,217
Other Changes	0
Acquisition		5,982
Currency Translation	(4,278)	2,052
Ending Balance	181,973	186,251
Machine Clothing
Goodwill [Roll Forward]
Beginning Balance	66,873	65,441
Other Changes	0
Acquisition		0
Currency Translation	(2,885)	1,432
Ending Balance	63,988	66,873
Albany Engineered Composites
Goodwill [Roll Forward]
Beginning Balance	113,308	112,776
Other Changes	0
Acquisition		0
Currency Translation	(1,035)	532
Ending Balance	112,273	113,308
Heimbach Trade name
Indefinite-Lived Intangible Assets [Roll Forward]
Beginning Balance	6,070	0
Other Changes	0
Acquisition		5,982
Currency Translation	(358)	88
Ending Balance	5,712	6,070
AEC Trademarks and trade names
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	22	34
Other Changes	0
Amortization	(11)	(12)
Currency Translation	0	0
Acquisition		0
Ending balance	$ 11	$ 22
AEC Trademarks and trade names | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization life in years	6 years	6 years
AEC Trademarks and trade names | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization life in years	15 years	15 years
AEC Technology
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 3,426	$ 3,884
Other Changes	0
Amortization	(569)	(567)
Currency Translation	(177)	109
Acquisition		0
Ending balance	$ 2,680	$ 3,426
AEC Technology | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization life in years	10 years	10 years
AEC Technology | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization life in years	15 years	15 years
AEC Intellectual property
Finite-Lived Intangible Assets [Line Items]
Amortization life in years	15 years	15 years
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 911	$ 994
Other Changes	0
Amortization	(83)	(83)
Currency Translation	0	0
Acquisition		0
Ending balance	828	911
AEC Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	25,485	28,899
Other Changes	0
Amortization	(3,480)	(3,480)
Currency Translation	(113)	66
Acquisition		0
Ending balance	$ 21,892	$ 25,485
AEC Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization life in years	8 years	8 years
AEC Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization life in years	15 years	15 years
Heimbach Developed technology
Finite-Lived Intangible Assets [Line Items]
Amortization life in years	9 years	9 years
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 8,732	$ 0
Other Changes	(289)
Amortization	(953)	(310)
Currency Translation	(486)	124
Acquisition		8,918
Ending balance	$ 7,004	$ 8,732

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of Estimated Amortization Expense) (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 5,000
2026	5,000
2027	5,000
2028	4,900
2029	$ 4,900

Accrued Liabilities (Schedule o

Accrued Liabilities (Schedule of Accrued Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Salaries, wages and benefits	$ 57,253	$ 72,373
Contract liabilities	6,085	7,127
Returns and allowances	9,422	10,232
Dividends	8,431	8,111
Pension and postretirement	8,744	9,356
Operating and finance lease liabilities	7,607	7,335
Other tax	7,329	10,171
Contract loss reserve	10,524	2,721
Freight	3,256	1,979
Professional fees	5,539	3,912
Restructuring	4,996	0
Other	12,718	9,671
Total accrued liabilities	$ 141,904	$ 142,988

Financial Instruments (Schedule

Financial Instruments (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 318,531	$ 456,885
Less: Current maturities of long-term debt	0	4,218
Long-term debt	$ 318,531	$ 452,667
Line of Credit
Debt Instrument [Line Items]
Interest rate, effective percentage	5.77%	3.49%
Basis spread on variable rate	4.09%
Line of Credit | USD borrowings
Debt Instrument [Line Items]
Long-term debt	$ 225,000	$ 446,000
Line of Credit | EUR borrowings
Debt Instrument [Line Items]
Long-term debt	93,485	0
Foreign Bank Debt
Debt Instrument [Line Items]
Long-term debt	$ 46	$ 10,885

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details)		12 Months Ended
	Aug. 16, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Nov. 30, 2024 USD ($) derivative	Aug. 31, 2023 USD ($)	Jun. 29, 2023 USD ($)	Jun. 14, 2021 USD ($)
Debt Instrument [Line Items]
Principal payments due on long-term debt in five years		$ 318,500,000
Cash payments of interest		14,700,000	$ 18,700,000	$ 16,000,000
Maximum leverage ratio allowed	3.75
Maximum leverage ratio allowed, after significant acquisition	4.25
Number of interest rate derivates held | derivative					2
Total bank debt		318,531,000	456,885,000
Interest rate swaps
Debt Instrument [Line Items]
Cash collateral received		0
Cash collateral pledged		$ 0
Unsecured Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 800,000,000
Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate		4.09%
Line of Credit | Interest rate swaps
Debt Instrument [Line Items]
Derivative, notional amount							$ 350,000,000	$ 350,000,000
Derivative, fixed interest rate							0.768%	0.838%
Line of Credit | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, term	5 years
Basis spread on variable rate		1.50%
Borrowings outstanding		$ 318,000,000
Line of credit facility, remaining borrowing capacity		$ 482,000,000
Interest coverage ratio	3	14.90
Maximum leverage ratio allowed		3.50
Debt covenant, maximum annual dividend payout amount		$ 40,000,000
Leverage ratio		0.88
Line of Credit | USD borrowings
Debt Instrument [Line Items]
Total bank debt		$ 225,000,000	446,000,000
Line of Credit | USD borrowings | Interest rate swaps
Debt Instrument [Line Items]
Derivative, notional amount					$ 125,000,000
Derivative, fixed interest rate					3.987%
Line of Credit | EUR borrowings
Debt Instrument [Line Items]
Total bank debt		93,485,000	0
Line of Credit | EUR borrowings | Interest rate swaps
Debt Instrument [Line Items]
Derivative, notional amount					$ 45,000,000
Derivative, fixed interest rate					2.277%
Foreign Bank Debt
Debt Instrument [Line Items]
Total bank debt		46,000	$ 10,885,000
Foreign Bank Debt | Heimbach
Debt Instrument [Line Items]
Total bank debt		$ 100,000				$ 32,700,000

Financial Instruments (Schedu_2

Financial Instruments (Schedule Interest Rate for Borrowings) (Details) - Line of Credit	12 Months Ended
	Dec. 31, 2024
Debt Instrument [Line Items]
Basis spread on variable rate	4.09%
Unsecured Debt
Debt Instrument [Line Items]
Leverage ratio	0.88
Basis spread on variable rate	1.50%
Less than 1.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Commitment fee	0.275%
Less than 1.00:1.00 | Unsecured Debt | Maximum
Debt Instrument [Line Items]
Leverage ratio	1
Greater than or equal to 1.00:1.00 and less than 2.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Commitment fee	0.30%
Greater than or equal to 1.00:1.00 and less than 2.00:1.00 | Unsecured Debt | Maximum
Debt Instrument [Line Items]
Leverage ratio	2
Greater than or equal to 1.00:1.00 and less than 2.00:1.00 | Unsecured Debt | Minimum
Debt Instrument [Line Items]
Leverage ratio	1
Greater than or equal to 2.00:1.00 and less than 3.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Commitment fee	0.325%
Greater than or equal to 2.00:1.00 and less than 3.00:1.00 | Unsecured Debt | Maximum
Debt Instrument [Line Items]
Leverage ratio	3
Greater than or equal to 2.00:1.00 and less than 3.00:1.00 | Unsecured Debt | Minimum
Debt Instrument [Line Items]
Leverage ratio	2
Greater than or equal to 3.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Commitment fee	0.35%
Greater than or equal to 3.00:1.00 | Unsecured Debt | Minimum
Debt Instrument [Line Items]
Leverage ratio	3
Base Rate | Less than 1.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Base Rate | Greater than or equal to 1.00:1.00 and less than 2.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	0.625%
Base Rate | Greater than or equal to 2.00:1.00 and less than 3.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	0.75%
Base Rate | Greater than or equal to 3.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	1%
SOFR | Less than 1.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
SOFR | Greater than or equal to 1.00:1.00 and less than 2.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	1.625%
SOFR | Greater than or equal to 2.00:1.00 and less than 3.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
SOFR | Greater than or equal to 3.00:1.00 | Unsecured Debt
Debt Instrument [Line Items]
Basis spread on variable rate	2%

Fair-Value Measurements (Schedu

Fair-Value Measurements (Schedule of Fair Value Measurements, Recurring and Nonrecurring) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets:
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Derivative Asset [Abstract]
Equity securities, cost basis	$ 500	$ 500
Fair Value, Recurring | Fair Value, Inputs, Level 1
Assets:
Cash equivalents	11,273	27,157
Common stock of unaffiliated foreign public company	631	682
Fair Value, Recurring | Fair Value, Inputs, Level 1 | Interest rate swaps
Assets:
Derivative asset	0	0
Liabilities:
Derivative liability	0	0
Fair Value, Recurring | Fair Value, Inputs, Level 2
Assets:
Cash equivalents	0	0
Common stock of unaffiliated foreign public company	0	0
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Foreign currency option contracts
Assets:
Derivative asset	0	1,725
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Foreign currency forward contracts
Assets:
Derivative asset	0	199
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Interest rate swaps
Assets:
Derivative asset	149	12,214
Liabilities:
Derivative liability	$ (218)	$ 0

Fair-Value Measurements (Narrat

Fair-Value Measurements (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest rate swaps
Derivative [Line Items]
Interest (income) expense, net	$ 13.4	$ (15)	$ 0.5

Fair-Value Measurements (Sche_2

Fair-Value Measurements (Schedule of Derivative Instruments, Gain (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency hedging (gains)/losses	$ 3,459	$ (351)	$ (509)
Foreign currency option contracts | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency hedging (gains)/losses	$ 3,459	$ (351)	$ (509)

Other Noncurrent Liabilities (S

Other Noncurrent Liabilities (Schedule of Other Noncurrent Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Operating leases	$ 61,062	$ 50,637
Postretirement benefits other than pensions	23,943	25,876
Pension liabilities	46,041	59,431
Incentive and deferred compensation	1,908	1,957
Other	5,876	1,484
Total other noncurrent liabilities	$ 138,830	$ 139,385

Leases (Narrative) (Details)

Leases (Narrative) (Details)	Dec. 31, 2024
Lessee, Lease, Description [Line Items]
Term of lease contract	2 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	2 years
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	15 years
Renewal lease term	10 years

Leases (Schedule of Components

Leases (Schedule of Components of Lease Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finance lease:
Amortization of right-of-use asset	$ 0	$ 0	$ 416
Interest on lease liabilities	0	0	529
Operating lease:
Fixed lease cost	10,776	9,591	6,036
Variable lease cost	516	108	438
Short-term lease cost	2,170	2,060	1,025
Total lease expense	$ 13,462	$ 11,759	$ 8,444

Leases (Schedule of Supplementa

Leases (Schedule of Supplemental Cash Flow Information Related to Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 11,204	$ 10,105	$ 6,612
Operating cash outflows from finance leases	0	0	529
Financing cash outflows from finance leases	0	0	654
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases	$ 17,698	$ 9,114	$ 38,559

Leases (Schedule of Supplemen_2

Leases (Schedule of Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Operating leases
Right of use assets included in Other assets	$ 61,671	$ 50,825
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Accrued liabilities	$ 7,607	$ 7,335
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities	Accrued liabilities
Other noncurrent liabilities	$ 61,062	$ 50,637
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities	Other noncurrent liabilities
Total operating lease liabilities	$ 68,669	$ 57,972

Leases (Schedule of Additional

Leases (Schedule of Additional Information Related to Leases) (Details)	Dec. 31, 2024	Dec. 31, 2023
Weighted average remaining lease term
Operating leases	13 years	10 years
Weighted average discount rate
Operating leases	5.80%	5.40%

Leases (Schedule of Maturities

Leases (Schedule of Maturities of Lease Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Lessee Disclosure [Abstract]
2025	$ 11,351
2026	9,893
2027	8,414
2028	5,847
2029	5,354
Thereafter	57,958
Total lease payments	98,817
Less imputed interest	(30,148)
Total operating leases	$ 68,669	$ 57,972

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) claim	Dec. 31, 2023 claim	Dec. 31, 2022 claim	Dec. 31, 2021 claim
Loss Contingencies [Line Items]
Number of pending claims	3,646
Asbestos Issue
Loss Contingencies [Line Items]
Number of pending claims	3,646	3,606	3,598	3,609
Total resolved claims, by means of settlement or dismissal	38,051
Total cost of resolution | $	$ 10.7
Resolution costs paid by insurance carrier	100%
Confirmed insurance coverage | $	$ 140

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Changes in Claims) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) claim	Dec. 31, 2023 USD ($) claim	Dec. 31, 2022 USD ($) claim
Loss Contingency Accrual [Roll Forward]
Closing Number of Claims	3,646
Asbestos Issue
Loss Contingency Accrual [Roll Forward]
Opening Number of Claims	3,606	3,598	3,609
Claims Dismissed, Settled, or Resolved	10	19	43
New Claims	50	27	32
Closing Number of Claims	3,646	3,606	3,598
Amounts Paid (thousands) to Settle or Resolve | $	$ 13	$ 74	$ 125

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Independent Directors | Share-Based Payment Arrangement, Nonemployee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1.2	$ 1.1	$ 1.1
Phantom Share Units (PSUs) | Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	5.4	7.8	8.6
Compensation expense, net of tax	3.7	5.5	6
Compensation cost not yet recognized	$ 6.9
Cost not yet recognized, period for recognition	1 year 6 months
Annual Performance Period Awards (APP) | Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash payment to settle award	$ 3.1	3.9	4.5
Annual Performance Period Awards (APP) | Departed Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash payment to settle award	$ 0.6	0.9
Multi-Year Performance Plan Awards (MPP)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,524,080
Multi-Year Performance Plan Awards (MPP) | Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance period	3 years
Maximum payout period following end of performance period	90 days
Compensation expense	$ 1.6	5.1	3.9
Compensation expense, net of tax	1.4	4.3	2.7
Share-based compensation expense to be recognized in 2024	0.9
Share-based compensation expense to be recognized in 2025	0.4
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		4.2
Restricted Stock Units (RSUs) | Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2.6	1.7	1.5
Compensation expense, net of tax		3.5	$ 1
Share-based compensation expense to be recognized in 2024	1.4
Share-based compensation expense to be recognized in 2025	$ 0.9
Maximum payout period following end of vesting period	90 days
Restricted Stock Units (RSUs) | Former CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense, net of tax	$ 2.3
Restricted Stock Units (RSUs) with Performance Conditions | Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2.2	0.9
Compensation expense, net of tax	1.9	$ 0.8
Share-based compensation expense to be recognized in 2024	$ 1.2
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Minimum | Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Minimum | Phantom Share Units (PSUs) | Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Maximum | Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Maximum | Phantom Share Units (PSUs) | Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedules of Executive Management Share-based Compensation Activity) (Details) - Performance Shares - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of shares
Shares potentially payable, beginning balance	138,808	135,941	107,630
Forfeitures (in shares)	(14,689)	(9,035)	0
Payments (in shares)	(77,782)	(112,279)	(35,897)
Shares accrued based on years performance	81,468	124,181	64,208
Shares potentially payable, ending balance	127,805	138,808	135,941
Weighted average grant date value per share
Shares potentially payable, beginning balance (in dollars per share)	$ 84.41	$ 79.11	$ 75.99
Forfeitures (in dollars per share)	87.61	92.02
Payments (in dollars per share)	89.44	86.35	84.27
Shares accrued based on years performance (in dollars per share)	91.80	92.52	86
Shares potentially payable, ending balance (in dollars per share)	$ 85.69	$ 84.41	$ 79.11
Year-end intrinsic value
Year-end intrinsic value	$ 10,952	$ 11,717	$ 10,754	$ 8,179

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) vote class $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2023 $ / shares shares	Oct. 25, 2021 USD ($)
Class of Stock [Line Items]
Number of classes of common stock | class	1
Stock repurchase program, authorized amount | $	$ 200,000,000				$ 200,000,000
Treasury stock, common shares (in shares) | shares	9,844,746			9,661,845
Purchase of treasury shares | $	$ 14,545,000	$ 85,065,000
Purchases of common stock (in shares) | shares	1,022,717		285,286
Maximum
Class of Stock [Line Items]
Authorized to repurchase shares in amount | $	$ 76,000,000
Treasury Stock, Common
Class of Stock [Line Items]
Treasury stock, common shares (in shares) | shares	9,845,000	9,675,000	8,665,000	9,662,000
Purchase of treasury shares | $	$ 14,545,000	$ 85,065,000	$ 24,400,000
Purchases of common stock (in shares) | shares	182,901	1,022,717
2021 And 2022 Share Purchases
Class of Stock [Line Items]
Treasury stock, common shares (in shares) | shares	1,490,904
Purchase of treasury shares | $	$ 124,000,000
Common Class A
Class of Stock [Line Items]
Common stock, par or stated value per share (in dollars per share) | $ / shares	$ 0.001			$ 0.001
Number of votes entitled to shareholders per share of common stock | vote	1
Common Class B
Class of Stock [Line Items]
Common stock, par or stated value per share (in dollars per share) | $ / shares	$ 0.001

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule of Activity in Shareholders' Equity) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Oct. 25, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, balance at the beginning of the period (in shares)	31,200,000	31,100,000
Balance at end of the period	$ 967,320,000	$ 867,543,000	$ 877,605,000
Treasury stock, balance at the beginning of the period (in shares)	9,661,845
Net income	$ 88,055,000	111,610,000	96,508,000
Compensation and benefits paid or payable in shares	3,812,000	5,851,000	3,727,000
Options exercised			17,000
Shares issued to Directors'	$ 903,000	1,085,000	1,085,000
Purchase of treasury shares (in shares)	1,022,717			285,286
Purchase of treasury shares	$ (14,545,000)		(85,065,000)
Dividends paid to noncontrolling interests	(166,000)	0
Cumulative translation adjustments	(57,463,000)	22,409,000	(40,861,000)
Initial equity related to Noncontrolling interest in Arcari		509,000
Pension and postretirement liability adjustments	3,018,000	(1,563,000)	(3,491,000)
Settlement of certain pension liabilities			26,198,000
Derivative valuation adjustment	$ (9,185,000)	$ (8,628,000)	$ 19,321,000
Common stock, balance at the end of the period (in shares)	31,100,000	31,200,000	31,100,000
Balance at end of the period	$ 948,947,000	$ 967,320,000	$ 867,543,000	$ 877,605,000
Treasury stock, balance at the end of the period (in shares)	9,844,746	9,661,845
Dividends declared per share, Class A and Class B (in dollars per share)	$ 1.05	$ 1.01	$ 0.88
Stock repurchase program, authorized amount	$ 200,000,000				$ 200,000,000
Common Class A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared	$ (32,802,000)	$ (31,496,000)	$ (27,501,000)
Dividends declared per share, Class A and Class B (in dollars per share)	$ 1.05	$ 1.01	$ 0.88
Common Stock | Common Class A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, balance at the beginning of the period (in shares)	40,856,000	40,785,000	40,760,000
Balance at end of the period	$ 41,000	$ 41,000	$ 41,000
Compensation and benefits paid or payable in shares (in shares)	51,000	71,000	24,000
Options exercised (in shares)			1,000
Shares issued to Directors' (in shares)	10,000
Common stock, balance at the end of the period (in shares)	40,917,000	40,856,000	40,785,000	40,760,000
Balance at end of the period	$ 41,000	$ 41,000	$ 41,000	$ 41,000
Additional paid-in capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at end of the period	448,218,000	441,540,000	436,996,000
Compensation and benefits paid or payable in shares	3,812,000	5,851,000	3,727,000
Options exercised			17,000
Shares issued to Directors'	903,000	827,000	800,000
Balance at end of the period	452,933,000	448,218,000	441,540,000	436,996,000
Retained earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at end of the period	1,010,942,000	931,318,000	863,057,000
Net income	87,623,000	111,120,000	95,762,000
Balance at end of the period	1,065,763,000	1,010,942,000	931,318,000	863,057,000
Retained earnings | Common Class A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared	(32,802,000)	(31,496,000)	(27,501,000)
Accumulated items of other comprehensive income
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at end of the period	(133,168,000)	(144,927,000)	(145,984,000)
Cumulative translation adjustments	(56,654,000)	21,950,000	(40,971,000)
Pension and postretirement liability adjustments	3,018,000	(1,563,000)	(3,491,000)
Settlement of certain pension liabilities			26,198,000
Derivative valuation adjustment	(9,185,000)	(8,628,000)	19,321,000
Balance at end of the period	(195,989,000)	(133,168,000)	(144,927,000)	(145,984,000)
Treasury Stock, Common
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at end of the period	$ (364,665,000)	$ (364,923,000)	$ (280,143,000)
Treasury stock, balance at the beginning of the period (in shares)	9,662,000	9,675,000	8,665,000
Shares issued to Directors'		$ 258,000	$ 285,000
Shares issued to Directors' (in shares)		13,000	13,000
Purchase of treasury shares (in shares)	182,901		1,022,717
Purchase of treasury shares	$ (14,545,000)		$ (85,065,000)	(24,400,000)
Balance at end of the period	$ (379,210,000)	$ (364,665,000)	$ (364,923,000)	$ (280,143,000)
Treasury stock, balance at the end of the period (in shares)	9,845,000	9,662,000	9,675,000	8,665,000
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at end of the period	$ 5,952,000	$ 4,494,000	$ 3,638,000
Net income	432,000	490,000	746,000
Dividends paid to noncontrolling interests	(166,000)
Cumulative translation adjustments	(809,000)	459,000	110,000
Initial equity related to Noncontrolling interest in Arcari		509,000
Balance at end of the period	$ 5,409,000	$ 5,952,000	$ 4,494,000	$ 3,638,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Feb. 21, 2025	Dec. 31, 2024	Oct. 25, 2021
Subsequent Event [Line Items]
Stock repurchase program, authorized amount		$ 200,000,000	$ 200,000,000
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, authorized amount	$ 250,000,000

VALUATION AND QUALIFYING ACCO_2

VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$ 6,190	$ 3,984	$ 3,248
Charge to expense	310	640	1,408
Other	(1,575)	1,566	(672)
Balance at end of the period	4,925	6,190	3,984
Allowance for sales returns
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	10,232	9,070	9,552
Charge to expense	6,253	5,499	6,130
Other	(7,063)	(4,337)	(6,612)
Balance at end of the period	9,422	10,232	9,070
Valuation allowance deferred tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	9,848	9,786	10,659
Charge to expense	6,855	(1,381)	(839)
Other	(1,207)	1,443	(34)
Balance at end of the period	$ 15,496	$ 9,848	$ 9,786