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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 879,747 $ 777,748 $ 2,596,863 $ 2,453,251
Cost of goods sold 569,880 497,211 1,677,596 1,556,379
Gross profit 309,867 280,537 919,267 896,872
Selling, general and administrative expenses 108,135 100,167 348,205 325,174
Research and development expenses 15,585 16,610 44,024 53,670
Gain on sale of business 0 0 0 218,705
Operating profit 186,147 163,760 527,038 736,733
Interest and financing expenses (11,108) (12,988) (35,295) (39,834)
Other (expenses) income, net (11,316) 3,793 (7,090) (31,906)
Income before income taxes and equity in net income of unconsolidated investments 163,723 154,565 484,653 664,993
Income tax expense 25,341 33,167 93,266 133,630
Income before equity in net income of unconsolidated investments 138,382 121,398 391,387 531,363
Equity in net income of unconsolidated investments (net of tax) 33,236 22,081 106,727 61,727
Net income 171,618 143,479 498,114 593,090
Net income attributable to noncontrolling interests (16,548) (13,734) (55,277) (29,124)
Net income attributable to Albemarle Corporation $ 155,070 $ 129,745 $ 442,837 $ 563,966
Basic earnings per share (in dollars per share) $ 1.46 $ 1.21 $ 4.18 $ 5.16
Diluted earnings per share (in dollars per share) $ 1.46 $ 1.20 $ 4.16 $ 5.11
Weighted-average common shares outstanding - basic (in shares) 105,999 107,315 105,920 109,223
Weighted-average common shares outstanding - diluted (in shares) 106,299 108,302 106,324 110,276