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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 931,485 $ 604,721 $ 1,815,889 $ 1,204,564
Cost of goods sold 630,919 397,358 1,256,857 801,602
Gross profit 300,566 207,363 559,032 402,962
Selling, general and administrative expenses 147,712 67,011 283,477 145,115
Research and development expenses 25,336 21,937 51,828 44,509
Restructuring and other charges, net 0 3,332 0 20,332
Acquisition and integration related costs 24,166 4,843 83,689 4,843
Operating profit 103,352 110,240 140,038 188,163
Interest and financing expenses (33,182) (8,733) (68,928) (17,506)
Other income (expenses), net 541 (979) 50,498 164
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 70,711 100,528 121,608 170,821
Income tax expense 17,139 21,773 31,279 34,963
Income from continuing operations before equity in net income of unconsolidated investments 53,572 78,755 90,329 135,858
Equity in net income of unconsolidated investments (net of tax) 5,794 10,649 16,186 19,550
Net income from continuing operations 59,366 89,404 106,515 155,408
Loss from discontinued operations (net of tax) 0 (60,025) 0 (61,794)
Net income 59,366 29,379 106,515 93,614
Net income attributable to noncontrolling interests (7,219) (6,932) (11,253) (14,584)
Net income attributable to Albemarle Corporation $ 52,147 $ 22,447 $ 95,262 $ 79,030
Basic earnings per share from continuing operations (in dollars per share) $ 0.46 $ 1.05 $ 0.86 $ 1.78
Basic earnings (loss) per share from discontinued operations (in dollars per share) 0.00 (0.76) 0.00 (0.78)
Basic earnings per share (in dollars per share) 0.46 0.29 0.86 1.00
Diluted earnings per share from continuing operations (in dollars per share) 0.46 1.04 0.86 1.77
Diluted earnings (loss) per share from discontinued operations (in dollars per share) 0.00 (0.76) 0.00 (0.78)
Diluted earnings per share (in dollars per share) $ 0.46 $ 0.28 $ 0.86 $ 0.99
Weighted-average common shares outstanding - basic (in shares) 112,189 [1] 78,662 110,160 [1] 79,199
Weighted-average common shares outstanding - diluted (in shares) 112,607 [1] 79,091 110,536 [1] 79,602
Cash dividends declared per share of common stock (in dollars per share) $ 0.29 $ 0.275 $ 0.58 $ 0.550
[1] 2015 includes the impact of 34,113 shares issued in connection with the Rockwood acquisition.