XML 81 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 634,197 $ 684,894 $ 1,275,822 $ 1,396,598
Cost of goods sold 437,558 435,606 879,593 896,330
Gross profit 196,639 249,288 396,229 500,268
Selling, general and administrative expenses 62,900 61,735 127,650 135,739
Research and development expenses 21,565 20,911 41,518 39,960
Restructuring and other charges, net (Note 13)   94,703 [1]   94,703 [1]
Operating profit 112,174 71,939 227,061 229,866
Interest and financing expenses (7,608) (8,486) (12,839) (17,220)
Other expenses, net (1,697) (688) (5,906) (806)
Income before income taxes and equity in net income of unconsolidated investments 102,869 62,765 208,316 211,840
Income tax expense 21,450 21,882 47,642 60,910
Income before equity in net income of unconsolidated investments 81,419 40,883 160,674 150,930
Equity in net income of unconsolidated investments (net of tax) 9,709 12,712 19,970 21,298
Net income 91,128 53,595 180,644 172,228
Net income attributable to noncontrolling interests (8,389) (3,506) (13,918) (7,877)
Net income attributable to Albemarle Corporation $ 82,739 $ 50,089 $ 166,726 $ 164,351
Basic earnings per share $ 0.98 $ 0.56 $ 1.93 $ 1.84
Diluted earnings per share $ 0.98 $ 0.56 $ 1.92 $ 1.83
Weighted-average common shares outstanding - basic 84,028 89,414 86,374 89,206
Weighted-average common shares outstanding - diluted 84,489 90,051 86,862 89,999
Cash dividends declared per share of common stock $ 0.24 $ 0.20 $ 0.48 $ 0.40
[1] See Note 13, "Restructuring and Other."