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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 853,874 $ 737,258 $ 1,675,503 $ 1,459,321
Cost of goods sold 542,518 465,297 1,059,168 932,404
Gross profit 311,356 271,961 616,335 526,917
Selling, general and administrative expenses 123,637 116,585 225,007 225,513
Research and development expenses 16,074 17,337 37,060 41,660
Gain on sale of business (218,705) 0 (218,705) 0
Operating profit 390,350 138,039 572,973 259,744
Interest and financing expenses (13,308) (14,590) (26,846) (83,103)
Other expenses, net (5,223) (1,678) (35,699) (1,413)
Income before income taxes and equity in net income of unconsolidated investments 371,819 121,771 510,428 175,228
Income tax expense 80,102 23,130 100,463 35,101
Income before equity in net income of unconsolidated investments 291,717 98,641 409,965 140,127
Equity in net income of unconsolidated investments (net of tax) 18,969 15,048 39,646 36,219
Net income 310,686 113,689 449,611 176,346
Net income attributable to noncontrolling interests (8,225) (10,356) (15,390) (21,800)
Net income attributable to Albemarle Corporation $ 302,461 $ 103,333 $ 434,221 $ 154,546
Basic earnings per share (in dollars per share) $ 2.76 $ 0.93 $ 3.94 $ 1.39
Diluted earnings per share (in dollars per share) $ 2.73 $ 0.92 $ 3.90 $ 1.37
Weighted-average common shares outstanding - basic (in shares) 109,671 110,686 110,176 111,336
Weighted-average common shares outstanding - diluted (in shares) 110,659 112,105 111,263 112,697
Cash dividends declared per share of common stock (in dollars per share) $ 0.335 $ 0.32 $ 0.67 $ 0.64