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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 905,093 $ 642,418 $ 2,720,982 $ 1,846,982
Cost of goods sold 592,883 436,972 1,849,740 1,238,574
Gross profit 312,210 205,446 871,242 608,408
Selling, general and administrative expenses 137,615 66,012 421,092 211,127
Research and development expenses 25,295 22,407 77,123 66,916
Restructuring and other, net (6,804) 293 (6,804) 20,625
Acquisition and integration related costs 42,798 10,261 126,487 15,104
Operating profit 113,306 106,473 253,344 294,636
Interest and financing expenses (32,058) (8,749) (100,986) (26,255)
Other income (expenses), net 466 (6,618) 50,964 (6,454)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 81,714 91,106 203,322 261,927
Income tax expense 16,892 11,737 48,171 46,700
Income from continuing operations before equity in net income of unconsolidated investments 64,822 79,369 155,151 215,227
Equity in net income of unconsolidated investments (net of tax) 6,050 8,650 22,236 28,200
Net income from continuing operations 70,872 88,019 177,387 243,427
Loss from discontinued operations (net of tax) 0 (6,679) 0 (68,473)
Net income 70,872 81,340 177,387 174,954
Net income attributable to noncontrolling interests (5,480) (8,546) (16,733) (23,130)
Net income attributable to Albemarle Corporation $ 65,392 $ 72,794 $ 160,654 $ 151,824
Basic earnings per share from continuing operations (in dollars per share) $ 0.58 $ 1.02 $ 1.45 $ 2.79
Basic earnings (loss) per share from discontinued operations (in dollars per share) 0.00 (0.09) 0.00 (0.87)
Basic earnings per share (in dollars per share) 0.58 0.93 1.45 1.92
Diluted earnings per share from continuing operations (in dollars per share) 0.58 1.01 1.44 2.78
Diluted earnings (loss) per share from discontinued operations (in dollars per share) 0.00 (0.08) 0.00 (0.87)
Diluted earnings per share (in dollars per share) $ 0.58 $ 0.93 $ 1.44 $ 1.91
Weighted-average common shares outstanding - basic (in shares) 112,202 [1] 78,244 110,840 [1] 78,880
Weighted-average common shares outstanding - diluted (in shares) 112,544 [1] 78,659 111,205 [1] 79,287
Cash dividends declared per share of common stock (in dollars per share) $ 0.29 $ 0.275 $ 0.87 $ 0.825
[1] 2015 includes the impact of 34,113 shares issued in connection with the Rockwood acquisition.