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Segment Information Summarized Financial Information by Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Segment Reporting Information [Line Items]        
Net sales $ 931,485 $ 604,721 $ 1,815,889 $ 1,204,564
Adjusted EBITDA 230,081 144,688 495,709 280,718
Depreciation and amortization     (131,469) (52,714)
Restructuring and other charges, net 0 (3,332) 0 (20,332)
Acquisition and integration related costs (24,166) (4,843) (83,689) (4,843)
Interest and financing expenses (33,182) (8,733) (68,928) (17,506)
Income tax expense (17,139) (21,773) (31,279) (34,963)
Loss from discontinued operations (net of tax) 0 (60,025) 0 (61,794)
Net income attributable to Albemarle Corporation 52,147 22,447 95,262 79,030
All Other        
Segment Reporting Information [Line Items]        
Net sales 113,404 119,320 235,773 248,605
Adjusted EBITDA 9,714 21,816 23,278 42,511
Corporate        
Segment Reporting Information [Line Items]        
Net sales 3,351 0 5,763 0
Adjusted EBITDA (24,957) (20,633) 8,382 (39,717)
Continuing Operations        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 230,081 144,688 495,709 280,718
Depreciation and amortization (67,483) (24,905) (131,469) (49,549) [1]
Utilization of inventory markup [2] (37,278)   (85,464)  
Restructuring and other charges, net [3]   (3,332)   (20,332)
Acquisition and integration related costs [4] (24,166) (4,843) (83,689) (4,843)
Interest and financing expenses (33,182) (8,733) (68,928) (17,506)
Income tax expense (17,139) (21,773) (31,279) (34,963)
Loss from discontinued operations (net of tax)   (60,025)   (61,794)
Non-operating pension and OPEB items 1,314 1,370 4,823 (12,701)
Other [5]     (4,441)  
Net income attributable to Albemarle Corporation 52,147 22,447 95,262 79,030
Continuing Operations | All Other        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 9,714 21,816 23,278 42,511
Depreciation and amortization (5,724) (3,423) (11,222) (6,787) [1]
Utilization of inventory markup [2] (378)   (3,029)  
Restructuring and other charges, net [3]   0   0
Acquisition and integration related costs [4] 0 0 0 0
Interest and financing expenses 0 0 0 0
Income tax expense 0 0 0 0
Loss from discontinued operations (net of tax)   0   0
Non-operating pension and OPEB items 0 0 0 0
Other [5]     0  
Net income attributable to Albemarle Corporation 3,612 18,393 9,027 35,724
Continuing Operations | Corporate        
Segment Reporting Information [Line Items]        
Adjusted EBITDA (24,957) (20,633) 8,382 (39,717)
Depreciation and amortization (2,322) (541) (4,221) (1,085) [1]
Utilization of inventory markup [2] 0   0  
Restructuring and other charges, net [3]   (3,332)   (20,332)
Acquisition and integration related costs [4] (24,166) (4,843) (83,689) (4,843)
Interest and financing expenses (33,182) (8,733) (68,928) (17,506)
Income tax expense (17,139) (21,773) (31,279) (34,963)
Loss from discontinued operations (net of tax)   (60,025)   (61,794)
Non-operating pension and OPEB items 1,314 1,370 4,823 (12,701)
Other [5]     (4,441)  
Net income attributable to Albemarle Corporation (100,452) (118,510) (179,353) (192,941)
Reportable Segments | Performance Chemicals        
Segment Reporting Information [Line Items]        
Net sales 436,962 280,377 825,328 556,274
Adjusted EBITDA 148,682 76,954 279,210 150,339
Reportable Segments | Refining Solutions        
Segment Reporting Information [Line Items]        
Net sales 164,573 205,024 343,739 399,685
Adjusted EBITDA 48,200 66,551 90,393 127,585
Reportable Segments | Chemetall Surface Treatment        
Segment Reporting Information [Line Items]        
Net sales 213,195 0 405,286 0
Adjusted EBITDA 48,442 0 94,446 0
Reportable Segments | Continuing Operations | Performance Chemicals        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 148,682 76,954 279,210 150,339
Depreciation and amortization (31,843) (13,093) (62,126) (25,149) [1]
Utilization of inventory markup [2] (33,823)   (62,405)  
Restructuring and other charges, net [3]   0   0
Acquisition and integration related costs [4] 0 0 0 0
Interest and financing expenses 0 0 0 0
Income tax expense 0 0 0 0
Loss from discontinued operations (net of tax)   0   0
Non-operating pension and OPEB items 0 0 0 0
Other [5]     0  
Net income attributable to Albemarle Corporation 83,016 63,861 154,679 125,190
Reportable Segments | Continuing Operations | Refining Solutions        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 48,200 66,551 90,393 127,585
Depreciation and amortization (8,483) (7,848) (16,593) (16,528) [1]
Utilization of inventory markup [2] 0   0  
Restructuring and other charges, net [3]   0   0
Acquisition and integration related costs [4] 0 0 0 0
Interest and financing expenses 0 0 0 0
Income tax expense 0 0 0 0
Loss from discontinued operations (net of tax)   0   0
Non-operating pension and OPEB items 0 0 0 0
Other [5]     0  
Net income attributable to Albemarle Corporation 39,717 58,703 73,800 111,057
Reportable Segments | Continuing Operations | Chemetall Surface Treatment        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 48,442 0 94,446 0
Depreciation and amortization (19,111) 0 (37,307) 0 [1]
Utilization of inventory markup [2] (3,077)   (20,030)  
Restructuring and other charges, net [3]   0   0
Acquisition and integration related costs [4] 0 0 0 0
Interest and financing expenses 0 0 0 0
Income tax expense 0 0 0 0
Loss from discontinued operations (net of tax)   0   0
Non-operating pension and OPEB items 0 0 0 0
Other [5]     0  
Net income attributable to Albemarle Corporation 26,254 0 37,109 0
Reportable Segments | Continuing Operations | Reportable Segments Subtotal        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 245,324 143,505 464,049 277,924
Depreciation and amortization (59,437) (20,941) (116,026) (41,677) [1]
Utilization of inventory markup [2] (36,900)   (82,435)  
Restructuring and other charges, net [3]   0   0
Acquisition and integration related costs [4] 0 0 0 0
Interest and financing expenses 0 0 0 0
Income tax expense 0 0 0 0
Loss from discontinued operations (net of tax)   0   0
Non-operating pension and OPEB items 0 0 0 0
Other [5]     0  
Net income attributable to Albemarle Corporation $ 148,987 $ 122,564 $ 265,588 $ 236,247
[1] Excludes discontinued operations.
[2] 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.
[3] See Note 15, “Restructuring and Other.”
[4] See Note 2, “Acquisitions.”
[5] Financing-related fees expensed in the 2015 period in connection with the acquisition of Rockwood.