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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 654,010 $ 693,216 $ 1,980,548 $ 2,103,819
Cost of goods sold 415,038 474,171 1,250,938 1,481,359
Gross profit 238,972 219,045 729,610 622,460
Selling, general and administrative expenses 86,302 81,012 254,988 252,672
Research and development expenses 21,012 21,903 61,384 67,324
Restructuring and other, net 0 (6,804) 0 (6,804)
Gain on sales of businesses, net 0 0 (122,298) 0
Acquisition and integration related costs 6,749 36,514 44,337 117,171
Operating profit 124,909 86,420 491,199 192,097
Interest and financing expenses (15,946) (19,294) (46,860) (62,193)
Other income, net 2,990 124 740 50,234
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 111,953 67,250 445,079 180,138
Income tax expense 12,394 13,144 61,535 41,780
Income from continuing operations before equity in net income of unconsolidated investments 99,559 54,106 383,544 138,358
Equity in net income of unconsolidated investments (net of tax) 14,953 5,736 44,790 19,955
Net income from continuing operations 114,512 59,842 428,334 158,313
Income (loss) from discontinued operations (net of tax) 23,185 11,030 (357,843) 19,074
Net income 137,697 70,872 70,491 177,387
Net income attributable to noncontrolling interests (9,477) (5,480) (28,906) (16,733)
Net income attributable to Albemarle Corporation $ 128,220 $ 65,392 $ 41,585 $ 160,654
Basic earnings per share from continuing operations (in dollars per share) $ 0.93 $ 0.48 $ 3.56 $ 1.28
Basic earnings (loss) per share from discontinued operations (in dollars per share) 0.21 0.10 (3.19) 0.17
Basic earnings per share (in dollars per share) 1.14 0.58 0.37 1.45
Diluted earnings per share from continuing operations (in dollars per share) 0.93 0.48 3.53 1.27
Diluted earnings (loss) per share from discontinued operations (in dollars per share) 0.20 0.10 (3.16) 0.17
Diluted earnings per share (in dollars per share) $ 1.13 $ 0.58 $ 0.37 $ 1.44
Weighted-average common shares outstanding - basic (in shares) 112,429 112,202 112,343 110,840
Weighted-average common shares outstanding - diluted (in shares) 113,448 112,544 113,131 111,205
Cash dividends declared per share of common stock (in dollars per share) $ 0.305 $ 0.29 $ 0.915 $ 0.87