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Quarterly Financial Summary (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Summary
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share amounts)
2014
 
 
 
 
 
 
 
Net sales
$
599,843

 
$
604,721

 
$
642,418

 
$
598,566

Gross profit
$
195,599

 
$
207,363

 
$
205,446

 
$
162,440

Restructuring and other charges, net(a)
$
17,000

 
$
3,332

 
$
293

 
$
5,322

Acquisition and integration related costs(b)
$

 
$
4,843

 
$
10,261

 
$
15,054

Net income (loss) from continuing operations
$
66,004

 
$
89,404

 
$
88,019

 
$
(12,990
)
Loss from discontinued operations (net of tax)(c)
(1,769
)
 
(60,025
)
 
(6,679
)
 
(1,058
)
Net income attributable to noncontrolling interests
(7,652
)
 
(6,932
)
 
(8,546
)
 
(4,460
)
Net income (loss) attributable to Albemarle Corporation
$
56,583

 
$
22,447

 
$
72,794

 
$
(18,508
)
Basic earnings (loss) per share:
 
 
 
 
 
 
 
Continuing operations
$
0.73

 
$
1.05

 
$
1.02

 
$
(0.22
)
Discontinued operations
(0.02
)
 
(0.76
)
 
(0.09
)
 
(0.02
)
 
$
0.71

 
$
0.29

 
$
0.93

 
$
(0.24
)
 
 
 
 
 
 
 
 
Shares used to compute basic earnings per share
79,735

 
78,662

 
78,244

 
78,144

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
Continuing operations
$
0.73

 
$
1.04

 
$
1.01

 
$
(0.22
)
Discontinued operations
(0.02
)
 
(0.76
)
 
(0.08
)
 
(0.02
)
 
$
0.71

 
$
0.28

 
$
0.93

 
$
(0.24
)
 
 
 
 
 
 
 
 
Shares used to compute diluted earnings per share
80,112

 
79,091

 
78,659

 
78,545


 
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

(a)
See Note 20, “Restructuring and Other.”
(b)
See Note 23, “Acquisitions.”
(c)
Included in Loss from discontinued operations (net of tax) for the year ended December 31, 2014 is $(65.7) million related to the loss on the sale of our antioxidant, ibuprofen and propofol businesses and assets, the majority of which was recorded in the second quarter. See Note 2, “Discontinued Operations.”