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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 885,052 $ 853,874 $ 1,717,116 $ 1,675,503
Cost of goods sold 559,138 542,518 1,107,716 1,059,168
Gross profit 325,914 311,356 609,400 616,335
Selling, general and administrative expenses 126,715 123,637 240,070 225,007
Research and development expenses 13,462 16,074 28,439 37,060
Gain on sale of business 0 218,705 0 218,705
Operating profit 185,737 390,350 340,891 572,973
Interest and financing expenses (11,601) (13,308) (24,187) (26,846)
Other (expenses) income, net (7,065) (5,223) 4,226 (35,699)
Income before income taxes and equity in net income of unconsolidated investments 167,071 371,819 320,930 510,428
Income tax expense 30,411 80,102 67,925 100,463
Income before equity in net income of unconsolidated investments 136,660 291,717 253,005 409,965
Equity in net income of unconsolidated investments (net of tax) 38,310 18,969 73,491 39,646
Net income 174,970 310,686 326,496 449,611
Net income attributable to noncontrolling interests (20,772) (8,225) (38,729) (15,390)
Net income attributable to Albemarle Corporation $ 154,198 $ 302,461 $ 287,767 $ 434,221
Basic earnings per share (in dollars per share) $ 1.46 $ 2.76 $ 2.72 $ 3.94
Diluted earnings per share (in dollars per share) $ 1.45 $ 2.73 $ 2.71 $ 3.90
Weighted-average common shares outstanding - basic (in shares) 105,961 109,671 105,880 110,176
Weighted-average common shares outstanding - diluted (in shares) 106,316 110,659 106,336 111,263