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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Reportable Segments Summarized Financial Information
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Net sales:
 
 
 
 
 
 
 
Performance Chemicals
$
436,962

 
$
280,377

 
$
825,328

 
$
556,274

Refining Solutions
164,573

 
205,024

 
343,739

 
399,685

Chemetall Surface Treatment
213,195

 
—

 
405,286

 
—

All Other
113,404

 
119,320

 
235,773

 
248,605

Corporate
3,351

 
—

 
5,763

 
—

Total net sales
$
931,485

 
$
604,721

 
$
1,815,889

 
$
1,204,564

 
 
 
 
 
 
 
 
Adjusted EBITDA:
 
 
 
 
 
 
 
Performance Chemicals
$
148,682

 
$
76,954

 
$
279,210

 
$
150,339

Refining Solutions
48,200

 
66,551

 
90,393

 
127,585

Chemetall Surface Treatment
48,442

 
—

 
94,446

 
—

All Other
9,714

 
21,816

 
23,278

 
42,511

Corporate
(24,957
)
 
(20,633
)
 
8,382

 
(39,717
)
Total adjusted EBITDA
$
230,081

 
$
144,688

 
$
495,709

 
$
280,718


See below for a reconciliation of adjusted EBITDA, the non-GAAP financial measure, to Net income (loss) attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with GAAP, (in thousands):
 
Performance Chemicals
 
Refining Solutions
 
Chemetall Surface Treatment
 
Reportable Segments Total
 
All Other
 
Corporate
 
Consolidated Total
Three months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
148,682

 
$
48,200

 
$
48,442

 
$
245,324

 
$
9,714

 
$
(24,957
)
 
$
230,081

Depreciation and amortization
(31,843
)
 
(8,483
)
 
(19,111
)
 
(59,437
)
 
(5,724
)
 
(2,322
)
 
(67,483
)
Utilization of inventory markup(a)
(33,823
)
 
—

 
(3,077
)
 
(36,900
)
 
(378
)
 
—

 
(37,278
)
Acquisition and integration related costs(b)
—

 
—

 
—

 
—

 
—

 
(24,166
)
 
(24,166
)
Interest and financing expenses
—

 
—

 
—

 
—

 
—

 
(33,182
)
 
(33,182
)
Income tax expense
—

 
—

 
—

 
—

 
—

 
(17,139
)
 
(17,139
)
Non-operating pension and OPEB items
—

 
—

 
—

 
—

 
—

 
1,314

 
1,314

Net income (loss) attributable to Albemarle Corporation
$
83,016

 
$
39,717

 
$
26,254

 
$
148,987

 
$
3,612

 
$
(100,452
)
 
$
52,147

Three months ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
76,954

 
$
66,551

 
$
—

 
$
143,505

 
$
21,816

 
$
(20,633
)
 
$
144,688

Depreciation and amortization
(13,093
)
 
(7,848
)
 
—

 
(20,941
)
 
(3,423
)
 
(541
)
 
(24,905
)
Restructuring and other charges, net(c)
—

 
—

 
—

 
—

 
—

 
(3,332
)
 
(3,332
)
Acquisition and integration related costs(b)
—

 
—

 
—

 
—

 
—

 
(4,843
)
 
(4,843
)
Interest and financing expenses
—

 
—

 
—

 
—

 
—

 
(8,733
)
 
(8,733
)
Income tax expense
—

 
—

 
—

 
—

 
—

 
(21,773
)
 
(21,773
)
Loss from discontinued operations (net of tax)
—

 
—

 
—

 
—

 
—

 
(60,025
)
 
(60,025
)
Non-operating pension and OPEB items
—

 
—

 
—

 
—

 
—

 
1,370

 
1,370

Net income (loss) attributable to Albemarle Corporation
$
63,861

 
$
58,703

 
$
—

 
$
122,564

 
$
18,393

 
$
(118,510
)
 
$
22,447

Six months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
279,210

 
$
90,393

 
$
94,446

 
$
464,049

 
$
23,278

 
$
8,382

 
$
495,709

Depreciation and amortization
(62,126
)
 
(16,593
)
 
(37,307
)
 
(116,026
)
 
(11,222
)
 
(4,221
)
 
(131,469
)
Utilization of inventory markup(a)
(62,405
)
 
—

 
(20,030
)
 
(82,435
)
 
(3,029
)
 
—

 
(85,464
)
Acquisition and integration related costs(b)
—

 
—

 
—

 
—

 
—

 
(83,689
)
 
(83,689
)
Interest and financing expenses
—

 
—

 
—

 
—

 
—

 
(68,928
)
 
(68,928
)
Income tax expense
—

 
—

 
—

 
—

 
—

 
(31,279
)
 
(31,279
)
Non-operating pension and OPEB items
—

 
—

 
—

 
—

 
—

 
4,823

 
4,823

Other(d)
—

 
—

 
—

 
—

 
—

 
(4,441
)
 
(4,441
)
Net income (loss) attributable to Albemarle Corporation
$
154,679

 
$
73,800

 
$
37,109

 
$
265,588

 
$
9,027

 
$
(179,353
)
 
$
95,262

Six months ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
150,339

 
$
127,585

 
$
—

 
$
277,924

 
$
42,511

 
$
(39,717
)
 
$
280,718

Depreciation and amortization(e)
(25,149
)
 
(16,528
)
 
—

 
(41,677
)
 
(6,787
)
 
(1,085
)
 
(49,549
)
Restructuring and other charges, net(c)
—

 
—

 
—

 
—

 
—

 
(20,332
)
 
(20,332
)
Acquisition and integration related costs(b)
—

 
—

 
—

 
—

 
—

 
(4,843
)
 
(4,843
)
Interest and financing expenses
—

 
—

 
—

 
—

 
—

 
(17,506
)
 
(17,506
)
Income tax expense
—

 
—

 
—

 
—

 
—

 
(34,963
)
 
(34,963
)
Loss from discontinued operations (net of tax)
—

 
—

 
—

 
—

 
—

 
(61,794
)
 
(61,794
)
Non-operating pension and OPEB items
—

 
—

 
—

 
—

 
—

 
(12,701
)
 
(12,701
)
Net income (loss) attributable to Albemarle Corporation
$
125,190

 
$
111,057

 
$
—

 
$
236,247

 
$
35,724

 
$
(192,941
)
 
$
79,030


(a)
In connection with the acquisition of Rockwood, the Company valued Rockwood’s existing inventory at fair value as of the Acquisition Closing Date, which resulted in a markup of the underlying net book value of the inventory totaling approximately $103 million. The inventory markup is being expensed over the estimated remaining selling period. For the three-month and six-month periods ended June 30, 2015, $27.3 million and $67.6 million, respectively, was included in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $10.0 million and $17.9 million, respectively, related to the utilization of the inventory markup.
(b)
See Note 2, “Acquisitions.”
(c)
See Note 15, “Restructuring and Other.”
(d)
Financing-related fees expensed in the 2015 period in connection with the acquisition of Rockwood.
(e)
Excludes discontinued operations.