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Basis of Presentation (Tables) | 9 Months Ended
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Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Consolidated Statements of Income | The impact of this accounting policy change on Albemarle’s consolidated financial statements for the three-month and nine-month periods ended September 30, 2012 is summarized below: Consolidated Statements of Income
Three Months Ended September 30, 2012 (In Thousands, Except Per Share Amounts) |  | As Previously Reported |  | Effect of Accounting Change |  | As Adjusted
Net sales |  | $ | 661,226 |  |  | $ | — |  |  | $ | 661,226 |
Cost of goods sold |  | 446,469 |  |  | (2,993 | ) |  | 443,476 |
Gross profit |  | 214,757 |  |  | 2,993 |  |  | 217,750 |
Selling, general and administrative expenses |  | 59,982 |  |  | (6,578 | ) |  | 53,404 |
Research and development expenses |  | 19,831 |  |  | — |  |  | 19,831 |
Restructuring and other charges, net |  | 6,508 |  |  | (6,508 | ) |  | — |
Operating profit |  | 128,436 |  |  | 16,079 |  |  | 144,515 |
Interest and financing expenses |  | (7,914 | ) |  | — |  |  | (7,914 | )
Other income, net |  | 2,370 |  |  | — |  |  | 2,370 |
Income before income taxes and equity in net income of unconsolidated investments |  | 122,892 |  |  | 16,079 |  |  | 138,971 |
Income tax expense |  | 26,591 |  |  | 5,881 |  |  | 32,472 |
Income before equity in net income of unconsolidated investments |  | 96,301 |  |  | 10,198 |  |  | 106,499 |
Equity in net income of unconsolidated investments (net of tax) |  | 7,935 |  |  | — |  |  | 7,935 |
Net income |  | 104,236 |  |  | 10,198 |  |  | 114,434 |
Net income attributable to noncontrolling interests |  | (4,975 | ) |  | — |  |  | (4,975 | )
Net income attributable to Albemarle Corporation |  | $ | 99,261 |  |  | $ | 10,198 |  |  | $ | 109,459 |
Basic earnings per share |  | $ | 1.11 |  |  | $ | 0.12 |  |  | $ | 1.23 |
Diluted earnings per share |  | $ | 1.10 |  |  | $ | 0.12 |  |  | $ | 1.22 |
Weighted-average common shares outstanding – basic |  | 89,327 |  |  | — |  |  | 89,327 |
Weighted-average common shares outstanding – diluted |  | 89,879 |  |  | — |  |  | 89,879 |
Cash dividends declared per share of common stock |  | $ | 0.20 |  |  | $ | — |  |  | $ | 0.20 |
Nine Months Ended September 30, 2012 (In Thousands, Except Per Share Amounts) |  | As Previously Reported |  | Effect of Accounting Change |  | As Adjusted
Net sales |  | $ | 2,057,824 |  |  | $ | — |  |  | $ | 2,057,824 |
Cost of goods sold |  | 1,352,495 |  |  | (12,689 | ) |  | 1,339,806 |
Gross profit |  | 705,329 |  |  | 12,689 |  |  | 718,018 |
Selling, general and administrative expenses |  | 215,298 |  |  | (26,155 | ) |  | 189,143 |
Research and development expenses |  | 59,791 |  |  | — |  |  | 59,791 |
Restructuring and other charges, net |  | 101,211 |  |  | (6,508 | ) |  | 94,703 |
Operating profit |  | 329,029 |  |  | 45,352 |  |  | 374,381 |
Interest and financing expenses |  | (25,134 | ) |  | — |  |  | (25,134 | )
Other income, net |  | 1,564 |  |  | — |  |  | 1,564 |
Income before income taxes and equity in net income of unconsolidated investments |  | 305,459 |  |  | 45,352 |  |  | 350,811 |
Income tax expense |  | 76,804 |  |  | 16,578 |  |  | 93,382 |
Income before equity in net income of unconsolidated investments |  | 228,655 |  |  | 28,774 |  |  | 257,429 |
Equity in net income of unconsolidated investments (net of tax) |  | 29,233 |  |  | — |  |  | 29,233 |
Net income |  | 257,888 |  |  | 28,774 |  |  | 286,662 |
Net income attributable to noncontrolling interests |  | (12,852 | ) |  | — |  |  | (12,852 | )
Net income attributable to Albemarle Corporation |  | $ | 245,036 |  |  | $ | 28,774 |  |  | $ | 273,810 |
Basic earnings per share |  | $ | 2.75 |  |  | $ | 0.32 |  |  | $ | 3.07 |
Diluted earnings per share |  | $ | 2.72 |  |  | $ | 0.32 |  |  | $ | 3.04 |
Weighted-average common shares outstanding – basic |  | 89,246 |  |  | — |  |  | 89,246 |
Weighted-average common shares outstanding – diluted |  | 89,959 |  |  | — |  |  | 89,959 |
Cash dividends declared per share of common stock |  | $ | 0.60 |  |  | $ | — |  |  | $ | 0.60 |
Consolidated Statements of Comprehensive Income (Loss) | Consolidated Statements of Comprehensive Income
Three Months Ended September 30, 2012 (In Thousands) |  | As Previously Reported |  | Effect of Accounting Change |  | As Adjusted
Net income |  | $ | 104,236 |  |  | $ | 10,198 |  |  | $ | 114,434 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |
Foreign currency translation |  | 29,165 |  |  | — |  |  | 29,165 |
Pension and postretirement benefits |  | 10,030 |  |  | (10,198 | ) |  | (168 | )
Other |  | 29 |  |  | — |  |  | 29 |
Total other comprehensive income, net of tax |  | 39,224 |  |  | (10,198 | ) |  | 29,026 |
Comprehensive income |  | 143,460 |  |  | — |  |  | 143,460 |
Comprehensive income attributable to non-controlling interests |  | (4,975 | ) |  | — |  |  | (4,975 | )
Comprehensive income attributable to Albemarle Corporation |  | $ | 138,485 |  |  | $ | — |  |  | $ | 138,485 |
Nine Months Ended September 30, 2012 (In Thousands) |  | As Previously Reported |  | Effect of Accounting Change |  | As Adjusted
Net income |  | $ | 257,888 |  |  | $ | 28,774 |  |  | $ | 286,662 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |
Foreign currency translation |  | 2,295 |  |  | — |  |  | 2,295 |
Pension and postretirement benefits |  | 28,272 |  |  | (28,774 | ) |  | (502 | )
Other |  | 95 |  |  | — |  |  | 95 |
Total other comprehensive income, net of tax |  | 30,662 |  |  | (28,774 | ) |  | 1,888 |
Comprehensive income |  | 288,550 |  |  | — |  |  | 288,550 |
Comprehensive income attributable to non-controlling interests |  | (13,007 | ) |  | — |  |  | (13,007 | )
Comprehensive income attributable to Albemarle Corporation |  | $ | 275,543 |  |  | $ | — |  |  | $ | 275,543 |
Consolidated Statements of Changes In Equity | Consolidated Statements of Changes In Equity
Nine Months Ended September 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 income |  | 30,507 |  |  | (28,774 | ) |  | 1,733 |
Balance at September 30, 2012 |  | $ | (192,415 | ) |  | $ | 254,477 |  |  | $ | 62,062 |
Retained earnings: |  |  |  |  |  |
Balance at January 1, 2012 |  | $ | 1,798,117 |  |  | $ | (283,251 | ) |  | $ | 1,514,866 |
Net income |  | 245,036 |  |  | 28,774 |  |  | 273,810 |
Cash dividends declared |  | (53,567 | ) |  | — |  |  | (53,567 | )
Balance at September 30, 2012 |  | $ | 1,989,586 |  |  | $ | (254,477 | ) |  | $ | 1,735,109 |
Consolidated Statements of Cash Flows | Consolidated Statements of Cash Flows
Nine Months Ended September 30, 2012 (In Thousands) |  | As Previously Reported |  | Effect of Accounting Change |  | As Adjusted
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 257,888 |  |  | $ | 28,774 |  |  | $ | 286,662 |
Non-cash charges associated with restructuring and other, net |  | 77,095 |  |  | (6,508 | ) |  | 70,587 |
Pension and postretirement expense (benefit) |  | 28,727 |  |  | (38,844 | ) |  | (10,117 | )
Deferred income taxes |  | (2,136 | ) |  | 16,578 |  |  | 14,442 |

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- 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
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