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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 738,845 $ 832,064
Cost of goods sold 496,827 548,578
Gross profit 242,018 283,486
Selling, general and administrative expenses 101,877 113,355
Research and development expenses 16,097 14,977
Operating profit 124,044 155,154
Interest and financing expenses (16,885) (12,586)
Other income, net 8,314 11,291
Income before income taxes and equity in net income of unconsolidated investments 115,473 153,859
Income tax expense 18,442 37,514
Income before equity in net income of unconsolidated investments 97,031 116,345
Equity in net income of unconsolidated investments (net of tax) 26,604 35,181
Net income 123,635 151,526
Net income attributable to noncontrolling interests (16,431) (17,957)
Net income attributable to Albemarle Corporation $ 107,204 $ 133,569
Basic earnings per share (in dollars per share) $ 1.01 $ 1.26
Diluted earnings per share (in dollars per share) $ 1.01 $ 1.26
Weighted-average common shares outstanding - basic (in shares) 106,227 105,799
Weighted-average common shares outstanding - diluted (in shares) 106,512 106,356