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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 829,291 $ 738,845
Cost of goods sold 565,604 496,827
Gross profit 263,687 242,018
Selling, general and administrative expenses 93,187 101,877
Research and development expenses 14,636 16,097
Operating profit 155,864 124,044
Interest and financing expenses (43,882) (16,885)
Other income, net 11,312 8,314
Income before income taxes and equity in net income of unconsolidated investments 123,294 115,473
Income tax expense 22,107 18,442
Income before equity in net income of unconsolidated investments 101,187 97,031
Equity in net income of unconsolidated investments (net of tax) 16,511 26,604
Net income 117,698 123,635
Net income attributable to noncontrolling interests (22,021) (16,431)
Net income attributable to Albemarle Corporation $ 95,677 $ 107,204
Basic earnings per share (in dollars per share) $ 0.85 $ 1.01
Diluted earnings per share (in dollars per share) $ 0.84 $ 1.01
Weighted-average common shares outstanding - basic (in shares) 112,592 106,227
Weighted-average common shares outstanding - diluted (in shares) 113,330 106,512