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Quarterly Financial Summary (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Summary
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(In thousands, except per share amounts)
2013
 
 
 
 
 
 
 
Net sales
$
641,625

 
$
634,197

 
$
648,638

 
$
691,956

Gross profit
$
199,590

 
$
196,639

 
$
211,649

 
$
253,527

Restructuring and other charges, net(a)
$

 
$

 
$

 
$
33,361

Net income attributable to Albemarle Corporation
$
83,987

 
$
82,739

 
$
90,512

 
$
155,933

Basic earnings per share
$
0.95

 
$
0.98

 
$
1.11

 
$
1.92

Shares used to compute basic earnings per share
88,719

 
84,028

 
81,385

 
81,226

Diluted earnings per share
$
0.94

 
$
0.98

 
$
1.11

 
$
1.91

Shares used to compute diluted earnings per share
89,236

 
84,489

 
81,852

 
81,713


 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(In thousands, except per share amounts)
2012
 
 
 
 
 
 
 
Net sales
$
711,704

 
$
684,894

 
$
661,226

 
$
687,596

Gross profit
$
250,980

 
$
249,288

 
$
217,750

 
$
191,977

Restructuring and other charges, net(a)
$

 
$
94,703

 
$

 
$
16,982

Net income attributable to Albemarle Corporation
$
114,262

 
$
50,089

 
$
109,459

 
$
37,726

Basic earnings per share
$
1.28

 
$
0.56

 
$
1.23

 
$
0.42

Shares used to compute basic earnings per share
88,997

 
89,414

 
89,327

 
89,018

Diluted earnings per share
$
1.27

 
$
0.56

 
$
1.22

 
$
0.42

Shares used to compute diluted earnings per share
89,947

 
90,051

 
89,879

 
89,660

(a)
See Note 19, “Special Items.”


As discussed in Note 1, “Summary of Significant Accounting Policies,” actuarial gains and losses are recognized annually in our consolidated statements of income in the fourth quarter and whenever a plan is determined to qualify for a remeasurement during a fiscal year. See Note 17, “Pension Plans and Other Postretirement Benefits” for information about actuarial gains and losses recognized in our consolidated statements of income for the years ended December 31, 2013 and 2012.