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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 642,418 $ 591,196 $ 1,846,982 $ 1,754,635
Cost of goods sold 436,972 381,585 1,238,574 1,157,443
Gross profit 205,446 209,611 608,408 597,192
Selling, general and administrative expenses 66,012 61,368 211,127 186,668
Research and development expenses 22,407 19,441 66,916 60,959
Restructuring and other charges, net (Note 13) 293 0 20,625 0
Acquisition and integration related costs 10,261 0 15,104 0
Operating profit 106,473 128,802 294,636 349,565
Interest and financing expenses (8,749) (9,496) (26,255) (22,335)
Other expenses, net (6,618) (368) (6,454) (6,147)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 91,106 118,938 261,927 321,083
Income tax expense 11,737 26,963 46,700 72,897
Income from continuing operations before equity in net income of unconsolidated investments 79,369 91,975 215,227 248,186
Equity in net income of unconsolidated investments (net of tax) 8,650 5,338 28,200 25,308
Net income from continuing operations 88,019 97,313 243,427 273,494
(Loss) income from discontinued operations (net of tax) (6,679) 531 (68,473) 4,994
Net income 81,340 97,844 174,954 278,488
Net income attributable to noncontrolling interests (8,546) (7,332) (23,130) (21,250)
Net income attributable to Albemarle Corporation $ 72,794 $ 90,512 $ 151,824 $ 257,238
Basic earnings per share from continuing operations (in dollars per share) $ 1.02 $ 1.10 $ 2.79 $ 2.98
Basic earnings (loss) per share from discontinued operations (in dollars per share) $ (0.09) $ 0.01 $ (0.87) $ 0.06
Basic earnings per share (in dollars per share) $ 0.93 $ 1.11 $ 1.92 $ 3.04
Diluted earnings per share from continuing operations (in dollars per share) $ 1.01 $ 1.10 $ 2.78 $ 2.96
Diluted earnings (loss) per share from discontinued operations (in dollars per share) $ (0.08) $ 0.01 $ (0.87) $ 0.06
Diluted earnings per share (in dollars per share) $ 0.93 $ 1.11 $ 1.91 $ 3.02
Weighted-average common shares outstanding - basic (in shares) 78,244 81,385 78,880 84,711
Weighted-average common shares outstanding - diluted (in shares) 78,659 81,852 79,287 85,192
Cash dividends declared per share of common stock (in dollars per share) $ 0.275 $ 0.240 $ 0.825 $ 0.720