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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Net sales $ 865,398 $ 884,404
Cost of goods sold 528,000 625,938
Gross profit 337,398 258,466
Selling, general and administrative expenses 139,157 135,765
Research and development expenses 23,401 26,492
Gain on sales of businesses, net (121,324) [1] 0
Acquisition and integration related costs [2] 21,356 59,523
Operating profit 274,808 36,686
Interest and financing expenses (25,251) (35,746)
Other income, net 410 49,957
Income before income taxes and equity in net income of unconsolidated investments 249,967 50,897
Income tax expense 30,985 14,140
Income before equity in net income of unconsolidated investments 218,982 36,757
Equity in net income of unconsolidated investments (net of tax) 16,566 10,392
Net income 235,548 47,149
Net income attributable to noncontrolling interests (7,362) (4,034)
Net income attributable to Albemarle Corporation $ 228,186 $ 43,115
Basic earnings per share (in dollars per share) $ 2.03 $ 0.40
Diluted earnings per share (in dollars per share) $ 2.02 $ 0.40
Weighted-average common shares outstanding - basic (in shares) 112,260 108,130
Weighted-average common shares outstanding - diluted (in shares) 112,770 108,464
Cash dividends declared per share of common stock (in dollars per share) $ 0.305 $ 0.29
[1] See Note 3, “Divestitures.”
[2] See Note 2, “Acquisitions.”