Quarterly Financial Summary (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Summary (Unaudited)

Quarterly Financial Summary (Unaudited):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(In thousands, except per share amounts)
2013
Net sales	$	586,597		$	576,842		$	591,196		$	639,635
Gross profit	$	195,911		$	191,670		$	209,611		$	253,279
Restructuring and other charges, net(a)	$	—		$	—		$	—		$	33,361
Net income from continuing operations	$	87,681		$	88,500		$	97,313		$	162,232
Income (loss) from discontinued operations (net of tax)	1,835			2,628			531			(886		)
Net income attributable to noncontrolling interests	(5,529		)	(8,389		)	(7,332		)	(5,413		)
Net income attributable to Albemarle Corporation	$	83,987		$	82,739		$	90,512		$	155,933
Basic earnings (loss) per share:
Continuing operations	$	0.93		$	0.95		$	1.10		$	1.93
Discontinued operations	0.02			0.03			0.01			(0.01		)
	$	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 (loss) per share:
Continuing operations	$	0.92		$	0.95		$	1.10		$	1.92
Discontinued operations	0.02			0.03			0.01			(0.01		)
	$	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	$	656,615		$	625,494		$	604,368		$	632,677
Gross profit	$	246,068		$	245,879		$	215,534		$	191,362
Restructuring and other charges, net(a)	$	—		$	94,703		$	—		$	16,982
Net income from continuing operations	$	116,226		$	51,987		$	113,800		$	43,833
Income (loss) from discontinued operations (net of tax)	2,407			1,608			634			(368		)
Net income attributable to noncontrolling interests	(4,371		)	(3,506		)	(4,975		)	(5,739		)
Net income attributable to Albemarle Corporation	$	114,262		$	50,089		$	109,459		$	37,726
Basic earnings (loss) per share:
Continuing operations	$	1.25		$	0.54		$	1.22		$	0.42
Discontinued operations	0.03			0.02			0.01			—
	$	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 (loss) per share:
Continuing operations	$	1.24		$	0.54		$	1.21		$	0.42
Discontinued operations	0.03			0.02			0.01			—
	$	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.