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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 830,566 $ 746,868 $ 2,433,753 $ 2,249,762
Cost of goods sold 581,293 492,812 1,672,376 1,520,329
Gross profit 249,273 254,056 761,377 729,433
Selling, general and administrative expenses 103,477 96,092 318,180 304,918
Research and development expenses 13,289 13,532 41,901 43,839
Gain (Loss) on Disposition of Business 984 0 (428,424) 0
Operating profit 131,523 144,432 829,720 380,676
Interest and financing expenses (5,136) (19,227) (56,170) (53,964)
Other expense, net (643,196) (3,661) (631,870) (1,620)
(Loss) income before income taxes and equity in net income of unconsolidated investments (516,809) 121,544 141,680 325,092
Income tax (benefit) expense (114,670) 30,653 14,422 64,526
(Loss) income before equity in net income of unconsolidated investments (402,139) 90,891 127,258 260,566
Equity in net income of unconsolidated investments (net of tax) 27,706 26,154 62,215 83,872
Net (loss) income (374,433) 117,045 189,473 344,438
Net income attributable to noncontrolling interests (18,348) (18,744) (61,977) (53,309)
Net (loss) income attributable to Albemarle Corporation $ (392,781) $ 98,301 $ 127,496 $ 291,129
Basic earnings per share (in dollars per share) $ (3.36) $ 0.92 $ 1.10 $ 2.74
Diluted earnings per share (in dollars per share) $ (3.36) $ 0.92 $ 1.10 $ 2.73
Weighted-average common shares outstanding - basic (in shares) 116,965 106,386 115,455 106,314
Weighted-average common shares outstanding - diluted (in shares) 116,965 106,873 116,140 106,640