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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales $ 3,374,950 $ 3,071,976 $ 2,677,203
Cost of goods sold 2,157,694 1,965,700 1,706,897
Gross profit 1,217,256 1,106,276 970,306
Selling, general and administrative expenses 446,090 450,286 353,765
Research and development expenses 70,054 84,330 80,475
Gain on sales of businesses, net (210,428) 0 (122,298)
Acquisition and integration related costs 0 0 57,384
Operating profit 911,540 571,660 600,980
Interest and financing expenses (52,405) (115,350) (65,181)
Other expenses, net (64,434) (9,512) (20,535)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 794,701 446,798 515,264
Income tax expense 144,826 431,817 96,263
Income from continuing operations before equity in net income of unconsolidated investments 649,875 14,981 419,001
Equity in net income of unconsolidated investments (net of tax) 89,264 84,487 59,637
Net income from continuing operations 739,139 99,468 478,638
Income from discontinued operations (net of tax) 0 0 202,131
Net income 739,139 99,468 680,769
Net income attributable to noncontrolling interests (45,577) (44,618) (37,094)
Net income attributable to Albemarle Corporation $ 693,562 $ 54,850 $ 643,675
Basic earnings per share:      
Basic earnings per share from continuing operations (in dollars per share) $ 6.40 $ 0.49 $ 3.93
Basic earnings per share from discontinued operations (in dollars per share) 0.00 0.00 1.80
Basic earnings per share (in dollars per share) 6.40 0.49 5.73
Diluted earnings per share:      
Diluted earnings per share from continuing operations (in dollars per share) 6.34 0.49 3.90
Diluted earnings per share from discontinued operations (in dollars per share) 0.00 0.00 1.78
Diluted earnings per share (in dollars per share) $ 6.34 $ 0.49 $ 5.68
Weighted-average common shares outstanding—basic (in shares) 108,427 110,914 112,379
Weighted-average common shares outstanding—diluted (in shares) 109,458 112,380 113,239