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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 1,127,728 $ 829,291
Cost of goods sold 678,698 565,604
Gross profit 449,030 263,687
Selling, general and administrative expenses 112,568 93,187
Research and development expenses 16,083 14,636
Gain (Loss) on Disposition of Business 8,400 0
Operating profit 311,979 155,864
Interest and financing expenses (27,834) (43,882)
Other income, net 15,496 11,312
Income before income taxes and equity in net income of unconsolidated investments 299,641 123,294
Income tax expense 80,530 22,107
Income before equity in net income of unconsolidated investments 219,111 101,187
Equity in net income of unconsolidated investments (net of tax) 62,436 16,511
Net income 281,547 117,698
Net income attributable to noncontrolling interests (28,164) (22,021)
Net income attributable to Albemarle Corporation $ 253,383 $ 95,677
Basic earnings per share (in dollars per share) $ 2.16 $ 0.85
Diluted earnings per share (in dollars per share) $ 2.15 $ 0.84
Weighted-average common shares outstanding - basic (in shares) 117,066 112,592
Weighted-average common shares outstanding - diluted (in shares) 117,653 113,330