Reportable Segment Data

9 Months Ended

Sep. 30, 2012

Reportable Segment Data [Abstract]

Reportable Segment Data

3. Reportable Segment Data

The following table shows data by reportable segment, reconciled to consolidated totals included in the financial statements:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(in thousands)	2012	2011	2012	2011
Net Sales
Machine Clothing	$177,471	$188,334	$518,881	$555,993
Engineered Composites	17,118	11,918	47,725	33,894
Consolidated total	$194,589	$200,252	$566,606	$589,887
Operating income
Machine Clothing	$44,918	$48,867	$120,760	$136,847
Engineered Composites	(312)	(1,434)	(653)	(3,621)
Research expense	(6,734)	(6,400)	(20,052)	(20,777)
Unallocated expenses	(14,760)	(14,275)	(163,856)	(48,137)
Operating income/(loss) before reconciling items	23,112	26,758	(63,801)	64,312
Reconciling items:
Interest expense, net	3,997	4,377	12,610	13,939
Other expense/(income), net	3,069	(9)	5,062	4,811
Income/(loss) from continuing operations before income taxes	$16,046	$22,390	($81,473)	$45,562

The table below presents pension settlement and restructuring costs by reportable segment for the three and nine month periods ended September 30, 2012 and 2011:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(in thousands)	2012	2011	2012	2011
Pension settlement
Unallocated expenses	$ -	$ -	$ 119,735	$ -
Restructuring expense
Machine Clothing	$2,739	$2,610	$6,315	$3,215
Engineered Composites	-	-	-	57
Unallocated expenses	-	81	(166)	1,184
Consolidated total	$2,739	$2,691	$6,149	$4,456

The 2012 restructuring expense was principally related to a reduction in workforce in Sweden and the previously announced curtailment of manufacturing in New York and Wisconsin. Those costs were partially offset by a reduction in accruals related to the relocation of the Company's headquarters. The 2011 restructuring expense was principally due to the same integration and the substantial completion of the SAP conversion project.

Except for the merger of PMC and Engineered Fabrics into Machine Clothing, there were no material changes in the total assets of reportable segments for the nine months ended September 30, 2012.