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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2015
Segment Reporting [Abstract] |
Reportable Segments Summarized Financial Information |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
| (In thousands)
Net sales: |  |  |  |  |  |  |
Performance Chemicals | $ | 399,536 |  |  | $ | 299,947 |  |  | $ | 1,224,864 |  |  | $ | 856,221 |
Refining Solutions | 185,102 |  |  | 218,950 |  |  | 528,841 |  |  | 618,635 |
Chemetall Surface Treatment | 211,877 |  |  | — |  |  | 617,163 |  |  | — |
All Other | 102,224 |  |  | 123,521 |  |  | 337,997 |  |  | 372,126 |
Corporate | 6,354 |  |  | — |  |  | 12,117 |  |  | — |
Total net sales | $ | 905,093 |  |  | $ | 642,418 |  |  | $ | 2,720,982 |  |  | $ | 1,846,982 |
Adjusted EBITDA: |  |  |  |  |  |  |
Performance Chemicals | $ | 136,209 |  |  | $ | 82,329 |  |  | $ | 415,419 |  |  | $ | 232,668 |
Refining Solutions | 54,517 |  |  | 61,674 |  |  | 144,910 |  |  | 189,259 |
Chemetall Surface Treatment | 53,898 |  |  | — |  |  | 148,344 |  |  | — |
All Other | 6,262 |  |  | 20,971 |  |  | 29,540 |  |  | 63,482 |
Corporate | (15,890 | ) |  | (20,370 | ) |  | (7,508 | ) |  | (60,087 | )
Total adjusted EBITDA | $ | 234,996 |  |  | $ | 144,604 |  |  | $ | 730,705 |  |  | $ | 425,322 |
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 September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 136,209 |  |  | $ | 54,517 |  |  | $ | 53,898 |  |  | $ | 244,624 |  |  | $ | 6,262 |  |  | $ | (15,890 | ) |  | $ | 234,996 |
Depreciation and amortization | (31,482 | ) |  | (8,804 | ) |  | (20,260 | ) |  | (60,546 | ) |  | (5,645 | ) |  | (2,712 | ) |  | (68,903 | )
Utilization of inventory markup(a) | (16,834 | ) |  | — |  |  | — |  |  | (16,834 | ) |  | — |  |  | — |  |  | (16,834 | )
Restructuring and other, net(c) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,804 |  |  | 6,804 |
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (42,798 | ) |  | (42,798 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (32,058 | ) |  | (32,058 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (16,892 | ) |  | (16,892 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,077 |  |  | 1,077 |
Net income (loss) attributable to Albemarle Corporation | $ | 87,893 |  |  | $ | 45,713 |  |  | $ | 33,638 |  |  | $ | 167,244 |  |  | $ | 617 |  |  | $ | (102,469 | ) |  | $ | 65,392 |
Three months ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 82,329 |  |  | $ | 61,674 |  |  | $ | — |  |  | $ | 144,003 |  |  | $ | 20,971 |  |  | $ | (20,370 | ) |  | $ | 144,604 |
Depreciation and amortization | (12,593 | ) |  | (8,823 | ) |  | — |  |  | (21,416 | ) |  | (3,492 | ) |  | (722 | ) |  | (25,630 | )
Restructuring and other, net(c) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (293 | ) |  | (293 | )
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (10,261 | ) |  | (10,261 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8,749 | ) |  | (8,749 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,737 | ) |  | (11,737 | )
Loss from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,679 | ) |  | (6,679 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,440 | ) |  | (1,440 | )
Other(d) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (7,021 | ) |  | (7,021 | )
Net income (loss) attributable to Albemarle Corporation | $ | 69,736 |  |  | $ | 52,851 |  |  | $ | — |  |  | $ | 122,587 |  |  | $ | 17,479 |  |  | $ | (67,272 | ) |  | $ | 72,794 |
Nine months ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 415,419 |  |  | $ | 144,910 |  |  | $ | 148,344 |  |  | $ | 708,673 |  |  | $ | 29,540 |  |  | $ | (7,508 | ) |  | $ | 730,705 |
Depreciation and amortization | (93,608 | ) |  | (25,397 | ) |  | (57,567 | ) |  | (176,572 | ) |  | (16,867 | ) |  | (6,933 | ) |  | (200,372 | )
Utilization of inventory markup(a) | (79,239 | ) |  | — |  |  | (20,030 | ) |  | (99,269 | ) |  | (3,029 | ) |  | — |  |  | (102,298 | )
Restructuring and other, net(c) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,804 |  |  | 6,804 |
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (126,487 | ) |  | (126,487 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (100,986 | ) |  | (100,986 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (48,171 | ) |  | (48,171 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,900 |  |  | 5,900 |
Other(d) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,441 | ) |  | (4,441 | )
Net income (loss) attributable to Albemarle Corporation | $ | 242,572 |  |  | $ | 119,513 |  |  | $ | 70,747 |  |  | $ | 432,832 |  |  | $ | 9,644 |  |  | $ | (281,822 | ) |  | $ | 160,654 |
Nine months ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 232,668 |  |  | $ | 189,259 |  |  | $ | — |  |  | $ | 421,927 |  |  | $ | 63,482 |  |  | $ | (60,087 | ) |  | $ | 425,322 |
Depreciation and amortization(e) | (37,742 | ) |  | (25,351 | ) |  | — |  |  | (63,093 | ) |  | (10,279 | ) |  | (1,807 | ) |  | (75,179 | )
Restructuring and other, net(c) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (20,625 | ) |  | (20,625 | )
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (15,104 | ) |  | (15,104 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (26,255 | ) |  | (26,255 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (46,700 | ) |  | (46,700 | )
Loss from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (68,473 | ) |  | (68,473 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (14,141 | ) |  | (14,141 | )
Other(d) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (7,021 | ) |  | (7,021 | )
Net income (loss) attributable to Albemarle Corporation | $ | 194,926 |  |  | $ | 163,908 |  |  | $ | — |  |  | $ | 358,834 |  |  | $ | 53,203 |  |  | $ | (260,213 | ) |  | $ | 151,824 |
(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 nine-month periods ended September 30, 2015, $7.7 million and $75.4 million, respectively, was included in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $9.1 million and $26.9 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 connection with the acquisition of Rockwood.
(e) | Excludes discontinued operations.

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