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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 2,616,416 [1] $ 2,745,420 [1] $ 2,869,005 [1]
Cost of goods sold 1,755,011 1,835,425 1,914,058
Gross profit 861,405 909,995 954,947
Selling, general and administrative expenses 162,889 313,227 360,070
Research and development expenses 82,246 78,919 77,083
Restructuring and other charges, net (Note 19) 33,361 [2] 111,685 [2] 0 [2]
Operating profit 582,909 406,164 517,794
Interest and financing expenses (31,559) (32,800) (37,574)
Other (expenses) income, net (6,923) 1,229 357
Income before income taxes and equity in net income of unconsolidated investments 544,427 374,593 480,577
Income tax expense 136,322 82,533 104,134
Income before equity in net income of unconsolidated investments 408,105 292,060 376,443
Equity in net income of unconsolidated investments (net of tax) 31,729 38,067 43,754
Net income 439,834 330,127 420,197
Net income attributable to noncontrolling interests (26,663) (18,591) (28,083)
Net income attributable to Albemarle Corporation $ 413,171 $ 311,536 $ 392,114
Basic earnings per share (in dollars per share) $ 4.93 $ 3.49 $ 4.33
Diluted earnings per share (in dollars per share) $ 4.90 $ 3.47 $ 4.28
Weighted-average common shares outstanding-basic 83,839 89,189 90,522
Weighted-average common shares outstanding-diluted 84,322 89,884 91,522
Cash dividends declared per share of common stock (in dollars per share) $ 0.96 $ 0.80 $ 0.67
[1] No sales in a foreign country exceed 10% of total net sales. Also, net sales are attributed to countries based upon shipments to final destination.
[2] See Note 19, “Special Items.”