XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 737,258 $ 669,327 $ 1,459,321 $ 1,326,538
Cost of goods sold 465,164 421,223 932,139 835,900
Gross profit 272,094 248,104 527,182 490,638
Selling, general and administrative expenses 115,686 86,055 223,687 168,686
Research and development expenses 17,337 20,500 41,660 40,372
Gain on sales of businesses, net 0 (974) 0 (122,298)
Acquisition and integration related costs 0 19,030 0 37,588
Operating profit 139,071 123,493 261,835 366,290
Interest and financing expenses (14,590) (15,800) (83,103) (30,914)
Other expenses, net (2,710) (2,297) (3,504) (2,250)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 121,771 105,396 175,228 333,126
Income tax expense 23,130 23,656 35,101 49,141
Income from continuing operations before equity in net income of unconsolidated investments 98,641 81,740 140,127 283,985
Equity in net income of unconsolidated investments (net of tax) 15,048 13,846 36,219 29,837
Net income from continuing operations 113,689 95,586 176,346 313,822
Loss from discontinued operations (net of tax) 0 (398,340) 0 (381,028)
Net income (loss) 113,689 (302,754) 176,346 (67,206)
Net income attributable to noncontrolling interests (10,356) (12,067) (21,800) (19,429)
Net income (loss) attributable to Albemarle Corporation $ 103,333 $ (314,821) $ 154,546 $ (86,635)
Basic earnings (loss) per share:        
Basic earnings per share from continuing operations (in dollars per share) $ 0.93 $ 0.74 $ 1.39 $ 2.62
Basic earnings per share from discontinued operations (in dollars per share) 0.00 (3.54) 0.00 (3.39)
Basic earnings per share (in dollars per share) 0.93 (2.80) 1.39 (0.77)
Diluted earnings (loss) per share:        
Diluted earnings per share from continuing operations (in dollars per share) 0.92 0.74 1.37 2.61
Diluted earnings per share from discontinued operations (in dollars per share) 0.00 (3.52) 0.00 (3.38)
Diluted earnings per share (in dollars per share) $ 0.92 $ (2.78) $ 1.37 $ (0.77)
Weighted-average common shares outstanding - basic (in shares) 110,686 112,339 111,336 112,300
Weighted-average common shares outstanding - diluted (in shares) 112,105 113,175 112,697 112,973
Cash dividends declared per share of common stock (in dollars per share) $ 0.32 $ 0.305 $ 0.64 $ 0.61