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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 754,866 $ 654,010 $ 2,214,187 $ 1,980,548
Cost of goods sold 479,077 415,038 1,411,216 1,250,938
Gross profit 275,789 238,972 802,971 729,610
Selling, general and administrative expenses 105,582 86,302 329,269 254,988
Research and development expenses 21,763 21,012 63,423 61,384
Gain on sales of businesses, net 0 0 0 (122,298)
Acquisition and integration related costs 0 6,749 0 44,337
Operating profit 148,444 124,909 410,279 491,199
Interest and financing expenses (15,792) (15,946) (98,895) (46,860)
Other (expenses) income, net (3,008) 2,990 (6,512) 740
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 129,644 111,953 304,872 445,079
Income tax expense 18,495 12,394 53,596 61,535
Income from continuing operations before equity in net income of unconsolidated investments 111,149 99,559 251,276 383,544
Equity in net income of unconsolidated investments (net of tax) 19,044 14,953 55,263 44,790
Net income from continuing operations 130,193 114,512 306,539 428,334
Income (loss) from discontinued operations (net of tax) 0 23,185 0 (357,843)
Net income 130,193 137,697 306,539 70,491
Net income attributable to noncontrolling interests (11,523) (9,477) (33,323) (28,906)
Net income attributable to Albemarle Corporation $ 118,670 $ 128,220 $ 273,216 $ 41,585
Basic earnings (loss) per share:        
Basic earnings per share from continuing operations (in dollars per share) $ 1.07 $ 0.93 $ 2.46 $ 3.56
Basic earnings per share from discontinued operations (in dollars per share) 0.00 0.21 0.00 (3.19)
Basic earnings per share (in dollars per share) 1.07 1.14 2.46 0.37
Diluted earnings (loss) per share:        
Diluted earnings per share from continuing operations (in dollars per share) 1.06 0.93 2.43 3.53
Diluted earnings per share from discontinued operations (in dollars per share) 0.00 0.20 0.00 (3.16)
Diluted earnings per share (in dollars per share) $ 1.06 $ 1.13 $ 2.43 $ 0.37
Weighted-average common shares outstanding - basic (in shares) 110,476 112,429 111,049 112,343
Weighted-average common shares outstanding - diluted (in shares) 111,975 113,448 112,456 113,131
Cash dividends declared per share of common stock (in dollars per share) $ 0.32 $ 0.305 $ 0.96 $ 0.915