Operating Segments (Tables)

6 Months Ended

Jun. 30, 2012

Reportable Segments Summarized Financial Information

Summarized financial information concerning our reportable segments is shown in the following table. Corporate & other includes corporate-related items not allocated to the reportable segments.

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In thousands)
Net sales:
Polymer Solutions	$	247,016		$	290,450		$	475,147		$	548,673
Catalysts		229,144			266,851			522,666			527,808
Fine Chemistry		208,734			184,807			398,785			362,157
Total net sales	$	684,894		$	742,108		$	1,396,598		$	1,438,638
Segment operating profit:
Polymer Solutions	$	61,811		$	78,850		$	114,523		$	148,681
Catalysts		56,304			53,438			131,719			115,569
Fine Chemistry		47,583			42,635			89,507			76,594
Total segment operating profit		165,698			174,923			335,749			340,844
Equity in net income of unconsolidated investments:
Polymer Solutions		1,913			2,650			3,758			5,139
Catalysts		10,799			12,165			17,540			22,626
Fine Chemistry		—			—			—			—
Corporate & Other		—			(28	)		—			(147	)
Total equity in net income of unconsolidated investments		12,712			14,787			21,298			27,618
Net (income) loss attributable to noncontrolling interests:
Polymer Solutions		349			(4,333	)		(653	)		(7,179	)
Catalysts		—			—			—			—
Fine Chemistry		(3,832	)		(5,225	)		(7,204	)		(9,650	)
Corporate & Other		(23	)		23			(20	)		107
Total net income attributable to noncontrolling interests		(3,506	)		(9,535	)		(7,877	)		(16,722	)
Segment income:
Polymer Solutions		64,073			77,167			117,628			146,641
Catalysts		67,103			65,603			149,259			138,195
Fine Chemistry		43,751			37,410			82,303			66,944
Total segment income		174,927			180,180			349,190			351,780
Corporate & other		(18,571	)		(25,833	)		(40,473	)		(49,427	)
Restructuring and other charges(a)		(94,703	)		—			(94,703	)		—
Interest and financing expenses		(8,486	)		(9,274	)		(17,220	)		(18,866	)
Other expenses, net		(688	)		(760	)		(806	)		(422	)
Income tax expense		(14,747	)		(30,154	)		(50,213	)		(62,326	)
Net income attributable to Albemarle Corporation	$	37,732		$	114,159		$	145,775		$	220,739

(a) The three-month and six-month periods ended June 30, 2012 include charges amounting to $94,703 ($73,590 after income taxes) in connection with our exit of the phosphorous flame retardants business.