XML 56 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Consolidated Statements Of Income    
Net sales$ 722,977$ 585,036$ 2,161,615$ 1,757,789
Cost of goods sold464,965388,2131,418,6381,208,328
Gross profit258,012196,823742,977549,461
Selling, general and administrative expenses77,16961,924233,115195,319
Research and development expenses20,53414,33658,09643,722
Restructuring and other charges   6,958[1]
Operating profit160,309120,563451,766303,462
Interest and financing expenses(9,710)(6,139)(28,576)(18,059)
Other income, net9561,3035341,584
Income before income taxes and equity in net income of unconsolidated investments151,555115,727423,724286,987
Income tax expense38,09727,886100,42368,917
Income before equity in net income of unconsolidated investments113,45887,841323,301218,070
Equity in net income of unconsolidated investments (net of tax)9,5009,17937,11829,950
Net income122,95897,020360,419248,020
Net income attributable to noncontrolling interests(6,860)(3,331)(23,582)(9,272)
Net income attributable to Albemarle Corporation$ 116,098$ 93,689$ 336,837$ 238,748
Basic earnings per share$ 1.29$ 1.03$ 3.70$ 2.61
Diluted earnings per share$ 1.28$ 1.02$ 3.66$ 2.59
Weighted-average common shares outstanding - basic89,93591,31291,09491,335
Weighted-average common shares outstanding - diluted90,95892,08292,09092,129
Cash dividends declared per share of common stock$ 0.165$ 0.14$ 0.495$ 0.42
[1]The nine-month period ended September 30, 2010 included charges amounting to $6,958 ($4,593 after income taxes) associated with restructuring costs related to reductions in force at our Bergheim, Germany site.