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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 777,748 $ 754,866 $ 2,453,251 $ 2,214,187
Cost of goods sold 497,211 479,210 1,556,379 1,411,614
Gross profit 280,537 275,656 896,872 802,573
Selling, general and administrative expenses 100,167 106,471 325,174 331,984
Research and development expenses 16,610 21,763 53,670 63,423
Gain on sale of business 0 0 (218,705) 0
Operating profit 163,760 147,422 736,733 407,166
Interest and financing expenses (12,988) (15,792) (39,834) (98,895)
Other income (expenses), net 3,793 (1,986) (31,906) (3,399)
Income before income taxes and equity in net income of unconsolidated investments 154,565 129,644 664,993 304,872
Income tax expense 33,167 18,495 133,630 53,596
Income before equity in net income of unconsolidated investments 121,398 111,149 531,363 251,276
Equity in net income of unconsolidated investments (net of tax) 22,081 19,044 61,727 55,263
Net income 143,479 130,193 593,090 306,539
Net income attributable to noncontrolling interests (13,734) (11,523) (29,124) (33,323)
Net income attributable to Albemarle Corporation $ 129,745 $ 118,670 $ 563,966 $ 273,216
Basic earnings per share (in dollars per share) $ 1.21 $ 1.07 $ 5.16 $ 2.46
Diluted earnings per share (in dollars per share) $ 1.20 $ 1.06 $ 5.11 $ 2.43
Weighted-average common shares outstanding - basic (in shares) 107,315 110,476 109,223 111,049
Weighted-average common shares outstanding - diluted (in shares) 108,302 111,975 110,276 112,456
Cash dividends declared per share of common stock (in dollars per share) $ 0.335 $ 0.32 $ 1.005 $ 0.96