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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2015
Segment Reporting [Abstract] |
Reportable Segments Summarized Financial Information |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
| (In thousands)
Net sales: |  |  |  |  |  |  |
Performance Chemicals | $ | 436,962 |  |  | $ | 280,377 |  |  | $ | 825,328 |  |  | $ | 556,274 |
Refining Solutions | 164,573 |  |  | 205,024 |  |  | 343,739 |  |  | 399,685 |
Chemetall Surface Treatment | 213,195 |  |  | — |  |  | 405,286 |  |  | — |
All Other | 113,404 |  |  | 119,320 |  |  | 235,773 |  |  | 248,605 |
Corporate | 3,351 |  |  | — |  |  | 5,763 |  |  | — |
Total net sales | $ | 931,485 |  |  | $ | 604,721 |  |  | $ | 1,815,889 |  |  | $ | 1,204,564 |
Adjusted EBITDA: |  |  |  |  |  |  |
Performance Chemicals | $ | 148,682 |  |  | $ | 76,954 |  |  | $ | 279,210 |  |  | $ | 150,339 |
Refining Solutions | 48,200 |  |  | 66,551 |  |  | 90,393 |  |  | 127,585 |
Chemetall Surface Treatment | 48,442 |  |  | — |  |  | 94,446 |  |  | — |
All Other | 9,714 |  |  | 21,816 |  |  | 23,278 |  |  | 42,511 |
Corporate | (24,957 | ) |  | (20,633 | ) |  | 8,382 |  |  | (39,717 | )
Total adjusted EBITDA | $ | 230,081 |  |  | $ | 144,688 |  |  | $ | 495,709 |  |  | $ | 280,718 |
See below for a reconciliation of adjusted EBITDA, the non-GAAP financial measure, to Net income (loss) attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with GAAP, (in thousands):
| Performance Chemicals |  | Refining Solutions |  | Chemetall Surface Treatment |  | Reportable Segments Total |  | All Other |  | Corporate |  | Consolidated Total
Three months ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 148,682 |  |  | $ | 48,200 |  |  | $ | 48,442 |  |  | $ | 245,324 |  |  | $ | 9,714 |  |  | $ | (24,957 | ) |  | $ | 230,081 |
Depreciation and amortization | (31,843 | ) |  | (8,483 | ) |  | (19,111 | ) |  | (59,437 | ) |  | (5,724 | ) |  | (2,322 | ) |  | (67,483 | )
Utilization of inventory markup(a) | (33,823 | ) |  | — |  |  | (3,077 | ) |  | (36,900 | ) |  | (378 | ) |  | — |  |  | (37,278 | )
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (24,166 | ) |  | (24,166 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (33,182 | ) |  | (33,182 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (17,139 | ) |  | (17,139 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,314 |  |  | 1,314 |
Net income (loss) attributable to Albemarle Corporation | $ | 83,016 |  |  | $ | 39,717 |  |  | $ | 26,254 |  |  | $ | 148,987 |  |  | $ | 3,612 |  |  | $ | (100,452 | ) |  | $ | 52,147 |
Three months ended June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 76,954 |  |  | $ | 66,551 |  |  | $ | — |  |  | $ | 143,505 |  |  | $ | 21,816 |  |  | $ | (20,633 | ) |  | $ | 144,688 |
Depreciation and amortization | (13,093 | ) |  | (7,848 | ) |  | — |  |  | (20,941 | ) |  | (3,423 | ) |  | (541 | ) |  | (24,905 | )
Restructuring and other charges, net(c) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,332 | ) |  | (3,332 | )
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,843 | ) |  | (4,843 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8,733 | ) |  | (8,733 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (21,773 | ) |  | (21,773 | )
Loss from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (60,025 | ) |  | (60,025 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,370 |  |  | 1,370 |
Net income (loss) attributable to Albemarle Corporation | $ | 63,861 |  |  | $ | 58,703 |  |  | $ | — |  |  | $ | 122,564 |  |  | $ | 18,393 |  |  | $ | (118,510 | ) |  | $ | 22,447 |
Six months ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 279,210 |  |  | $ | 90,393 |  |  | $ | 94,446 |  |  | $ | 464,049 |  |  | $ | 23,278 |  |  | $ | 8,382 |  |  | $ | 495,709 |
Depreciation and amortization | (62,126 | ) |  | (16,593 | ) |  | (37,307 | ) |  | (116,026 | ) |  | (11,222 | ) |  | (4,221 | ) |  | (131,469 | )
Utilization of inventory markup(a) | (62,405 | ) |  | — |  |  | (20,030 | ) |  | (82,435 | ) |  | (3,029 | ) |  | — |  |  | (85,464 | )
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (83,689 | ) |  | (83,689 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (68,928 | ) |  | (68,928 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (31,279 | ) |  | (31,279 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,823 |  |  | 4,823 |
Other(d) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,441 | ) |  | (4,441 | )
Net income (loss) attributable to Albemarle Corporation | $ | 154,679 |  |  | $ | 73,800 |  |  | $ | 37,109 |  |  | $ | 265,588 |  |  | $ | 9,027 |  |  | $ | (179,353 | ) |  | $ | 95,262 |
Six months ended June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 150,339 |  |  | $ | 127,585 |  |  | $ | — |  |  | $ | 277,924 |  |  | $ | 42,511 |  |  | $ | (39,717 | ) |  | $ | 280,718 |
Depreciation and amortization(e) | (25,149 | ) |  | (16,528 | ) |  | — |  |  | (41,677 | ) |  | (6,787 | ) |  | (1,085 | ) |  | (49,549 | )
Restructuring and other charges, net(c) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (20,332 | ) |  | (20,332 | )
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,843 | ) |  | (4,843 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (17,506 | ) |  | (17,506 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (34,963 | ) |  | (34,963 | )
Loss from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (61,794 | ) |  | (61,794 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (12,701 | ) |  | (12,701 | )
Net income (loss) attributable to Albemarle Corporation | $ | 125,190 |  |  | $ | 111,057 |  |  | $ | — |  |  | $ | 236,247 |  |  | $ | 35,724 |  |  | $ | (192,941 | ) |  | $ | 79,030 |
(a) | In connection with the acquisition of Rockwood, the Company valued Rockwood’s existing inventory at fair value as of the Acquisition Closing Date, which resulted in a markup of the underlying net book value of the inventory totaling approximately $103 million. The inventory markup is being expensed over the estimated remaining selling period. For the three-month and six-month periods ended June 30, 2015, $27.3 million and $67.6 million, respectively, was included in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $10.0 million and $17.9 million, respectively, related to the utilization of the inventory markup.
(b) | See Note 2, “Acquisitions.”
(c) | See Note 15, “Restructuring and Other.”
(d) | Financing-related fees expensed in the 2015 period in connection with the acquisition of Rockwood.
(e) | Excludes discontinued operations.

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