XML 92 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Basis of Presentation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2013
Consolidated Statements of Income | 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) | 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 | 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 | 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 |

X
- Definition Condensed Consolidated Statements Of Cash Flow Table. + References No definition available. + Details
Name: | alb_CondensedConsolidatedStatementsOfCashFlowTableTextBlock
Namespace Prefix: | alb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Condensed Consolidating Statement Of Comprehensive Income. + References No definition available. + Details
Name: | alb_CondensedConsolidatingStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | alb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Condensed Consolidating Income Statement Table. + References No definition available. + Details
Name: | alb_ScheduleOfCondensedConsolidatingIncomeStatementTableTextBlock
Namespace Prefix: | alb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration