Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Reportable Segments Summarized Financial Information

	Three Months Ended   March 31,
	2016			2015
	(In thousands)
Net sales:
Lithium and Advanced Materials	$	216,173		$	198,774
Bromine Specialties	196,553			189,592
Refining Solutions	170,579			179,166
Chemetall Surface Treatment	208,187			192,091
All Other	72,089			122,369
Corporate	1,817			2,412
Total net sales	$	865,398		$	884,404
Adjusted EBITDA:
Lithium and Advanced Materials	$	86,474		$	77,595
Bromine Specialties	61,608			52,933
Refining Solutions	55,074			42,193
Chemetall Surface Treatment	52,522			46,004
All Other	8,464			13,564
Corporate	(19,166		)	33,339
Total adjusted EBITDA	$	244,976		$	265,628

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 U.S. GAAP, (in thousands):

	Lithium and Advanced Materials			Bromine Specialties			Refining Solutions			Chemetall Surface Treatment			Reportable Segments Total			All Other			Corporate			Consolidated Total
Three months ended March 31, 2016
Adjusted EBITDA	$	86,474		$	61,608		$	55,074		$	52,522		$	255,678		$	8,464		$	(19,166	)	$	244,976
Depreciation and amortization	(23,147		)	(9,755		)	(8,760		)	(16,942		)	(58,604		)	(612		)	(1,336		)	(60,552		)
Utilization of inventory markup(a)	—			—			—			(154		)	(154		)	—			—			(154		)
Gain (loss) on sales of businesses, net(b)	—			—			—			—			—			122,857			(1,533		)	121,324
Acquisition and integration related costs(c)	—			—			—			—			—			—			(21,356		)	(21,356		)
Interest and financing expenses	—			—			—			—			—			—			(25,251		)	(25,251		)
Income tax expense	—			—			—			—			—			—			(30,985		)	(30,985		)
Non-operating pension and OPEB items	—			—			—			—			—			—			184			184
Net income (loss) attributable to Albemarle Corporation	$	63,327		$	51,853		$	46,314		$	35,426		$	196,920		$	130,709		$	(99,443	)	$	228,186
Three months ended March 31, 2015
Adjusted EBITDA	$	77,595		$	52,933		$	42,193		$	46,004		$	218,725		$	13,564		$	33,339		$	265,628
Depreciation and amortization	(21,822		)	(8,461		)	(8,110		)	(18,196		)	(56,589		)	(5,498		)	(1,899		)	(63,986		)
Utilization of inventory markup(a)	(28,582		)	—			—			(16,953		)	(45,535		)	(2,651		)	—			(48,186		)
Acquisition and integration related costs(c)	—			—			—			—			—			—			(59,523		)	(59,523		)
Interest and financing expenses	—			—			—			—			—			—			(35,746		)	(35,746		)
Income tax expense	—			—			—			—			—			—			(14,140		)	(14,140		)
Non-operating pension and OPEB items	—			—			—			—			—			—			3,509			3,509
Other(d)	—			—			—			—			—			—			(4,441		)	(4,441		)
Net income (loss) attributable to Albemarle Corporation	$	27,191		$	44,472		$	34,083		$	10,855		$	116,601		$	5,415		$	(78,901	)	$	43,115

(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 was expensed over the estimated remaining selling period. For the three-month period ended March 31, 2016, $0.2 million was included in Cost of goods sold related to the utilization of the inventory markup as a result of a measurement-period adjustment. For the three-month period ended March 31, 2015, $40.3 million was included in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $7.9 million, respectively, related to the utilization of the inventory markup.

(b) See Note 3, “Divestitures.”

(c) See Note 2, “Acquisitions.”

(d) Financing-related fees expensed in connection with the acquisition of Rockwood.