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Quarterly Financial Summary (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Summary
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share amounts)
2019
 
 
 
 
 
 
 
Net sales
$
832,064

 
$
885,052

 
$
879,747

 
$
992,564

Gross profit(a)
$
283,486

 
$
325,914

 
$
309,867

 
$
338,511

Net income
$
151,526

 
$
174,970

 
$
171,618

 
$
106,243

Net income attributable to noncontrolling interests
(17,957
)
 
(20,772
)
 
(16,548
)
 
(15,852
)
Net income attributable to Albemarle Corporation
$
133,569

 
$
154,198

 
$
155,070

 
$
90,391

Basic earnings per share
$
1.26

 
$
1.46

 
$
1.46

 
$
0.85

Shares used to compute basic earnings per share
105,799

 
105,961

 
105,999

 
106,037

Diluted earnings per share
$
1.26

 
$
1.45

 
$
1.46

 
$
0.85

Shares used to compute diluted earnings per share
106,356

 
106,316

 
106,299

 
106,314

 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share amounts)
2018
 
 
 
 
 
 
 
Net sales
$
821,629

 
$
853,874

 
$
777,748

 
$
921,699

Gross profit
$
304,979

 
$
311,356

 
$
280,537

 
$
320,384

(Gain) loss on sale of business, net(b)
$
—

 
$
(218,705
)
 
$
—

 
$
8,277

Net income
$
138,925

 
$
310,686

 
$
143,479

 
$
146,049

Net income attributable to noncontrolling interests
(7,165
)
 
(8,225
)
 
(13,734
)
 
(16,453
)
Net income attributable to Albemarle Corporation
$
131,760

 
$
302,461

 
$
129,745

 
$
129,596

Basic earnings per share
$
1.19

 
$
2.76

 
$
1.21

 
$
1.22

Shares used to compute basic earnings per share
110,681

 
109,671

 
107,315

 
106,042

Diluted earnings per share
$
1.18

 
$
2.73

 
$
1.20

 
$
1.21

Shares used to compute diluted earnings per share
111,867

 
110,659

 
108,302

 
107,005

(a)
Cost of goods sold for the third quarter of 2019 included expense of $7.0 million due to the correction of an out-of-period error regarding carbonate inventory values related to the second quarter of 2019.
(b)
Represents the gain (loss) on the Polyolefin Catalysts Divestiture. See Note 3, “Divestitures,” for additional information.