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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net sales $ 656,679 $ 641,625
Cost of goods sold 462,393 442,035
Gross profit 194,286 199,590
Selling, general and administrative expenses 79,310 64,750
Research and development expenses 22,572 19,953
Restructuring and other charges, net (Note 13) 17,000 0
Operating profit 75,404 114,887
Interest and financing expenses (8,773) (5,231)
Other income (expenses), net 1,149 (4,209)
Income before income taxes and equity in net income of unconsolidated investments 67,780 105,447
Income tax expense 12,446 26,192
Income before equity in net income of unconsolidated investments 55,334 79,255
Equity in net income of unconsolidated investments (net of tax) 8,901 10,261
Net income 64,235 89,516
Net income attributable to noncontrolling interests (7,652) (5,529)
Net income attributable to Albemarle Corporation $ 56,583 $ 83,987
Basic earnings per share (in dollars per share) $ 0.71 $ 0.95
Diluted earnings per share (in dollars per share) $ 0.71 $ 0.94
Weighted-average common shares outstanding - basic (in shares) 79,735 88,719
Weighted-average common shares outstanding - diluted (in shares) 80,112 89,236
Cash dividends declared per share of common stock (in dollars per share) $ 0.275 $ 0.240