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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 $ 599,843 $ 586,597
Cost of goods sold 404,244 390,686
Gross profit 195,599 195,911
Selling, general and administrative expenses 78,104 63,575
Research and development expenses 22,572 19,953
Restructuring and other charges, net (Note 13) 17,000 0
Operating profit 77,923 112,383
Interest and financing expenses (8,773) (5,231)
Other income (expenses), net 1,143 (4,194)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 70,293 102,958
Income tax expense 13,190 25,538
Income from continuing operations before equity in net income of unconsolidated investments 57,103 77,420
Equity in net income of unconsolidated investments (net of tax) 8,901 10,261
Net income from continuing operations 66,004 87,681
(Loss) income from discontinued operations (net of tax) (1,769) 1,835
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 from continuing operations (in dollars per share) $ 0.73 $ 0.93
Basic earnings (loss) per share from discontinued operations (in dollars per share) $ (0.02) $ 0.02
Basic earnings per share (in dollars per share) $ 0.71 $ 0.95
Diluted earnings per share from continuing operations (in dollars per share) $ 0.73 $ 0.92
Diluted earnings (loss) per share from discontinued operations (in dollars per share) $ (0.02) $ 0.02
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