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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Reportable Segments Summarized Financial Information
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Net sales:
 
 
 
 
 
 
 
Lithium and Advanced Materials
$
233,353

 
$
213,003

 
$
449,526

 
$
411,777

Bromine Specialties
206,863

 
223,959

 
403,416

 
413,551

Refining Solutions
178,012

 
164,573

 
348,591

 
343,739

All Other
50,626

 
113,404

 
122,715

 
235,773

Corporate
473

 
3,351

 
2,290

 
5,763

Total net sales
$
669,327

 
$
718,290

 
$
1,326,538

 
$
1,410,603

 
 
 
 
 
 
 
 
Adjusted EBITDA:
 
 
 
 
 
 
 
Lithium and Advanced Materials
$
82,668

 
$
79,985

 
$
169,142

 
$
157,580

Bromine Specialties
66,562

 
68,697

 
128,170

 
121,630

Refining Solutions
61,586

 
48,200

 
116,660

 
90,393

All Other
876

 
9,714

 
9,340

 
23,278

Corporate
(21,221
)
 
(25,238
)
 
(40,808
)
 
7,977

Total adjusted EBITDA
$
190,471

 
$
181,358

 
$
382,504

 
$
400,858


See below for a reconciliation of adjusted EBITDA, the non-GAAP financial measure, to Net (loss) income 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
 
Reportable Segments Total
 
All Other
 
Corporate
 
Consolidated Total
Three months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
82,668

 
$
66,562

 
$
61,586

 
$
210,816

 
$
876

 
$
(21,221
)
 
$
190,471

Depreciation and amortization
(25,788
)
 
(9,815
)
 
(9,114
)
 
(44,717
)
 
(3,353
)
 
(1,635
)
 
(49,705
)
Gain on sales of businesses(a)
—

 
—

 
—

 
—

 
974

 
—

 
974

Acquisition and integration related costs(b)
—

 
—

 
—

 
—

 
—

 
(19,030
)
 
(19,030
)
Interest and financing expenses
—

 
—

 
—

 
—

 
—

 
(15,800
)
 
(15,800
)
Income tax expense
—

 
—

 
—

 
—

 
—

 
(23,656
)
 
(23,656
)
Loss from discontinued operations (net of tax)
—

 
—

 
—

 
—

 
—

 
(398,340
)
 
(398,340
)
Non-operating pension and OPEB items
—

 
—

 
—

 
—

 
—

 
265

 
265

Net income (loss) attributable to Albemarle Corporation
$
56,880

 
$
56,747

 
$
52,472

 
$
166,099

 
$
(1,503
)
 
$
(479,417
)
 
$
(314,821
)
Three months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
79,985

 
$
68,697

 
$
48,200

 
$
196,882

 
$
9,714

 
$
(25,238
)
 
$
181,358

Depreciation and amortization
(23,632
)
 
(8,211
)
 
(8,483
)
 
(40,326
)
 
(5,724
)
 
(2,322
)
 
(48,372
)
Utilization of inventory markup(c)
(33,823
)
 
—

 
—

 
(33,823
)
 
(378
)
 
—

 
(34,201
)
Acquisition and integration related costs(b)
—

 
—

 
—

 
—

 
—

 
(22,832
)
 
(22,832
)
Interest and financing expenses
—

 
—

 
—

 
—

 
—

 
(20,599
)
 
(20,599
)
Income tax expense
—

 
—

 
—

 
—

 
—

 
(14,851
)
 
(14,851
)
Income from discontinued operations (net of tax)
—

 
—

 
—

 
—

 
—

 
10,122

 
10,122

Non-operating pension and OPEB items
—

 
—

 
—

 
—

 
—

 
1,522

 
1,522

Net income (loss) attributable to Albemarle Corporation
$
22,530

 
$
60,486

 
$
39,717

 
$
122,733

 
$
3,612

 
$
(74,198
)
 
$
52,147

Six months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
169,142

 
$
128,170

 
$
116,660

 
$
413,972

 
$
9,340

 
$
(40,808
)
 
$
382,504

Depreciation and amortization
(48,935
)
 
(19,570
)
 
(17,874
)
 
(86,379
)
 
(3,965
)
 
(2,970
)
 
(93,314
)
Gain (loss) on sales of businesses, net(a)
—

 
—

 
—

 
—

 
123,831

 
(1,533
)
 
122,298

Acquisition and integration related costs(b)
—

 
—

 
—

 
—

 
—

 
(37,588
)
 
(37,588
)
Interest and financing expenses
—

 
—

 
—

 
—

 
—

 
(30,914
)
 
(30,914
)
Income tax expense
—

 
—

 
—

 
—

 
—

 
(49,141
)
 
(49,141
)
Loss from discontinued operations (net of tax)
—

 
—

 
—

 
—

 
—

 
(381,028
)
 
(381,028
)
Non-operating pension and OPEB items
—

 
—

 
—

 
—

 
—

 
548

 
548

Net income (loss) attributable to Albemarle Corporation
$
120,207

 
$
108,600

 
$
98,786

 
$
327,593

 
$
129,206

 
$
(543,434
)
 
$
(86,635
)
Six months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
$
157,580

 
$
121,630

 
$
90,393

 
$
369,603

 
$
23,278

 
$
7,977

 
$
400,858

Depreciation and amortization
(45,454
)
 
(16,672
)
 
(16,593
)
 
(78,719
)
 
(11,222
)
 
(4,221
)
 
(94,162
)
Utilization of inventory markup(c)
(62,405
)
 
—

 
—

 
(62,405
)
 
(3,029
)
 
—

 
(65,434
)
Acquisition and integration related costs(b)
—

 
—

 
—

 
—

 
—

 
(80,657
)
 
(80,657
)
Interest and financing expenses
—

 
—

 
—

 
—

 
—

 
(42,899
)
 
(42,899
)
Income tax expense
—

 
—

 
—

 
—

 
—

 
(28,636
)
 
(28,636
)
Income from discontinued operations (net of tax)
—

 
—

 
—

 
—

 
—

 
8,024

 
8,024

Non-operating pension and OPEB items
—

 
—

 
—

 
—

 
—

 
2,609

 
2,609

Other(d)
—

 
—

 
—

 
—

 
—

 
(4,441
)
 
(4,441
)
Net income (loss) attributable to Albemarle Corporation
$
49,721

 
$
104,958

 
$
73,800

 
$
228,479

 
$
9,027

 
$
(142,244
)
 
$
95,262


(a)
See Note 3, “Divestitures,” for additional information.
(b)
See Note 2, “Acquisitions,” for additional information.
(c)
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 $103.4 million. The inventory markup was expensed over the estimated remaining selling period. For the three-month and six-month periods ended June 30, 2015, $24.2 million and $47.5 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.
(d)
Financing-related fees expensed in connection with the acquisition of Rockwood.