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Operating Segments (Tables)
3 Months Ended
Mar. 31, 2013
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
March 31,
 
     2013     2012  
     (In thousands)  

Net sales:

    

Polymer Solutions

   $ 214,774      $ 228,131   

Catalysts

     235,573        293,522   

Fine Chemistry

     191,278        190,051   
  

 

 

   

 

 

 

Total net sales

   $ 641,625      $ 711,704   
  

 

 

   

 

 

 

Segment operating profit:

    

Polymer Solutions

   $ 43,670      $ 54,547   

Catalysts

     49,045        76,641   

Fine Chemistry

     36,178        44,363   
  

 

 

   

 

 

 

Total segment operating profit

     128,893        175,551   
  

 

 

   

 

 

 

Equity in net income of unconsolidated investments:

    

Polymer Solutions

     2,308        1,845   

Catalysts

     7,953        6,741   

Fine Chemistry

     —          —     

Corporate & other

     —          —     
  

 

 

   

 

 

 

Total equity in net income of unconsolidated investments

     10,261        8,586   
  

 

 

   

 

 

 

Net (income) loss attributable to noncontrolling interests:

    

Polymer Solutions

     (708     (1,002

Catalysts

     —          —     

Fine Chemistry

     (4,821     (3,372

Corporate & other

     —          3   
  

 

 

   

 

 

 

Total net income attributable to noncontrolling interests

     (5,529     (4,371
  

 

 

   

 

 

 

Segment income:

    

Polymer Solutions

     45,270        55,390   

Catalysts

     56,998        83,382   

Fine Chemistry

     31,357        40,991   
  

 

 

   

 

 

 

Total segment income

     133,625        179,763   

Corporate & other

     (14,006     (17,621

Interest and financing expenses

     (5,231     (8,734

Other expenses, net

     (4,209     (118

Income tax expense

     (26,192     (39,028
  

 

 

   

 

 

 

Net income attributable to Albemarle Corporation

   $ 83,987      $ 114,262