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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net sales $ 641,625 $ 711,704
Cost of goods sold 442,035 460,724
Gross profit 199,590 250,980
Selling, general and administrative expenses 64,750 74,004
Research and development expenses 19,953 19,049
Operating profit 114,887 157,927
Interest and financing expenses (5,231) (8,734)
Other expenses, net (4,209) (118)
Income before income taxes and equity in net income of unconsolidated investments 105,447 149,075
Income tax expense 26,192 39,028
Income before equity in net income of unconsolidated investments 79,255 110,047
Equity in net income of unconsolidated investments (net of tax) 10,261 8,586
Net income 89,516 118,633
Net income attributable to noncontrolling interests (5,529) (4,371)
Net income attributable to Albemarle Corporation $ 83,987 $ 114,262
Basic earnings per share $ 0.95 $ 1.28
Diluted earnings per share $ 0.94 $ 1.27
Weighted-average common shares outstanding - basic 88,719 88,997
Weighted-average common shares outstanding - diluted 89,236 89,947
Cash dividends declared per share of common stock $ 0.24 $ 0.20