Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2013

Consolidated Statements of Income


Three Months Ended June 30, 2012 (In Thousands, Except Per Share Amounts)	As Previously Reported			Effect of Accounting Change			As Adjusted

Net sales	$	684,894		$	—		$	684,894
Cost of goods sold		442,209			(6,603	)		435,606

Gross profit		242,685			6,603			249,288
Selling, general and administrative expenses		74,624			(12,889	)		61,735
Research and development expenses		20,911			—			20,911
Restructuring and other charges, net		94,703			—			94,703

Operating profit		52,447			19,492			71,939
Interest and financing expenses		(8,486	)		—			(8,486	)
Other expenses, net		(688	)		—			(688	)

Income before income taxes and equity in net income of unconsolidated investments		43,273			19,492			62,765
Income tax expense		14,747			7,135			21,882

Income before equity in net income of unconsolidated investments		28,526			12,357			40,883
Equity in net income of unconsolidated investments (net of tax)		12,712			—			12,712

Net income	$	41,238		$	12,357		$	53,595
Net income attributable to noncontrolling interests		(3,506	)		—			(3,506	)

Net income attributable to Albemarle Corporation	$	37,732		$	12,357		$	50,089

Basic earnings per share	$	0.42		$	0.14		$	0.56

Diluted earnings per share	$	0.42		$	0.14		$	0.56

Weighted-average common shares outstanding – basic		89,414			—			89,414

Weighted-average common shares outstanding – diluted		90,051			—			90,051

Cash dividends declared per share of common stock	$	0.20		$	—		$	0.20


Six Months Ended June 30, 2012 (In Thousands, Except Per Share Amounts)	As Previously Reported			Effect of Accounting Change			As Adjusted

Net sales	$	1,396,598		$	—		$	1,396,598
Cost of goods sold		906,026			(9,696	)		896,330

Gross profit		490,572			9,696			500,268
Selling, general and administrative expenses		155,316			(19,577	)		135,739
Research and development expenses		39,960			—			39,960
Restructuring and other charges, net		94,703			—			94,703

Operating profit		200,593			29,273			229,866
Interest and financing expenses		(17,220	)		—			(17,220	)
Other expenses, net		(806	)		—			(806	)

Income before income taxes and equity in net income of unconsolidated investments		182,567			29,273			211,840
Income tax expense		50,213			10,697			60,910

Income before equity in net income of unconsolidated investments		132,354			18,576			150,930
Equity in net income of unconsolidated investments (net of tax)		21,298			—			21,298

Net income	$	153,652		$	18,576		$	172,228
Net income attributable to noncontrolling interests		(7,877	)		—			(7,877	)

Net income attributable to Albemarle Corporation	$	145,775		$	18,576		$	164,351

Basic earnings per share	$	1.63		$	0.21		$	1.84

Diluted earnings per share	$	1.62		$	0.21		$	1.83

Weighted-average common shares outstanding – basic		89,206			—			89,206

Weighted-average common shares outstanding – diluted		89,999			—			89,999

Cash dividends declared per share of common stock	$	0.40		$	—		$	0.40

Consolidated Statements of Comprehensive Income (Loss)


Three Months Ended June 30, 2012 (In Thousands)	As Previously Reported			Effect of Accounting Change			As Adjusted

Net income	$	41,238		$	12,357		$	53,595

Other comprehensive (loss) income, net of tax:
Foreign currency translation		(55,882	)		—			(55,882	)
Pension and postretirement benefits		12,203			(12,357	)		(154	)
Other		31			—			31

Total other comprehensive loss, net of tax		(43,648	)		(12,357	)		(56,005	)

Comprehensive loss		(2,410	)		—			(2,410	)
Comprehensive income attributable to non-controlling interests		(3,516	)		—			(3,516	)

Comprehensive loss attributable to Albemarle Corporation	$	(5,926	)	$	—		$	(5,926	)


Six Months Ended June 30, 2012 (In Thousands)	As Previously Reported			Effect of Accounting Change			As Adjusted

Net income	$	153,652		$	18,576		$	172,228

Other comprehensive (loss) income, net of tax:
Foreign currency translation		(26,870	)		—			(26,870	)
Pension and postretirement benefits		18,242			(18,576	)		(334	)
Other		66			—			66

Total other comprehensive loss, net of tax		(8,562	)		(18,576	)		(27,138	)

Comprehensive income		145,090			—			145,090
Comprehensive income attributable to non-controlling interests		(8,032	)		—			(8,032	)

Comprehensive income attributable to Albemarle Corporation	$	137,058		$	—		$	137,058

Consolidated Statements of Changes In Equity


Six Months Ended June 30, 2012 (In Thousands)	As Previously Reported			Effect of Accounting Change			As Adjusted

Accumulated other comprehensive (loss) income:
Balance at January 1, 2012	$	(222,922	)	$	283,251		$	60,329
Other comprehensive loss		(8,717	)		(18,576	)		(27,293	)

Balance at June 30, 2012	$	(231,639	)	$	264,675		$	33,036


Retained earnings:
Balance at January 1, 2012	$	1,798,117		$	(283,251	)	$	1,514,866
Net income		145,775			18,576			164,351
Cash dividends declared		(35,715	)		—			(35,715	)

Balance at June 30, 2012	$	1,908,177		$	(264,675	)	$	1,643,502

Consolidated Statements of Cash Flows


Six Months Ended June 30, 2012 (In Thousands)	As Previously Reported			Effect of Accounting Change			As Adjusted

Cash flows from operating activities:
Net income	$	153,652		$	18,576		$	172,228
Pension and postretirement expense (benefit)		19,070			(29,273	)		(10,203	)
Deferred income taxes		(5,826	)		10,697			4,871