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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Reportable Segments Summarized Financial Information |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (In thousands)
Net sales: |  |  |  |  |  |  |
Lithium and Advanced Materials | $ | 233,353 |  |  | $ | 213,003 |  |  | $ | 449,526 |  |  | $ | 411,777 |
Bromine Specialties | 206,863 |  |  | 223,959 |  |  | 403,416 |  |  | 413,551 |
Refining Solutions | 178,012 |  |  | 164,573 |  |  | 348,591 |  |  | 343,739 |
All Other | 50,626 |  |  | 113,404 |  |  | 122,715 |  |  | 235,773 |
Corporate | 473 |  |  | 3,351 |  |  | 2,290 |  |  | 5,763 |
Total net sales | $ | 669,327 |  |  | $ | 718,290 |  |  | $ | 1,326,538 |  |  | $ | 1,410,603 |
Adjusted EBITDA: |  |  |  |  |  |  |
Lithium and Advanced Materials | $ | 82,668 |  |  | $ | 79,985 |  |  | $ | 169,142 |  |  | $ | 157,580 |
Bromine Specialties | 66,562 |  |  | 68,697 |  |  | 128,170 |  |  | 121,630 |
Refining Solutions | 61,586 |  |  | 48,200 |  |  | 116,660 |  |  | 90,393 |
All Other | 876 |  |  | 9,714 |  |  | 9,340 |  |  | 23,278 |
Corporate | (21,221 | ) |  | (25,238 | ) |  | (40,808 | ) |  | 7,977 |
Total adjusted EBITDA | $ | 190,471 |  |  | $ | 181,358 |  |  | $ | 382,504 |  |  | $ | 400,858 |
See below for a reconciliation of adjusted EBITDA, the non-GAAP financial measure, to Net (loss) income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with U.S. GAAP, (in thousands):
| Lithium and Advanced Materials |  | Bromine Specialties |  | Refining Solutions |  | Reportable Segments Total |  | All Other |  | Corporate |  | Consolidated Total
Three months ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 82,668 |  |  | $ | 66,562 |  |  | $ | 61,586 |  |  | $ | 210,816 |  |  | $ | 876 |  |  | $ | (21,221 | ) |  | $ | 190,471 |
Depreciation and amortization | (25,788 | ) |  | (9,815 | ) |  | (9,114 | ) |  | (44,717 | ) |  | (3,353 | ) |  | (1,635 | ) |  | (49,705 | )
Gain on sales of businesses(a) | — |  |  | — |  |  | — |  |  | — |  |  | 974 |  |  | — |  |  | 974 |
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (19,030 | ) |  | (19,030 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (15,800 | ) |  | (15,800 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (23,656 | ) |  | (23,656 | )
Loss from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (398,340 | ) |  | (398,340 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 265 |  |  | 265 |
Net income (loss) attributable to Albemarle Corporation | $ | 56,880 |  |  | $ | 56,747 |  |  | $ | 52,472 |  |  | $ | 166,099 |  |  | $ | (1,503 | ) |  | $ | (479,417 | ) |  | $ | (314,821 | )
Three months ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 79,985 |  |  | $ | 68,697 |  |  | $ | 48,200 |  |  | $ | 196,882 |  |  | $ | 9,714 |  |  | $ | (25,238 | ) |  | $ | 181,358 |
Depreciation and amortization | (23,632 | ) |  | (8,211 | ) |  | (8,483 | ) |  | (40,326 | ) |  | (5,724 | ) |  | (2,322 | ) |  | (48,372 | )
Utilization of inventory markup(c) | (33,823 | ) |  | — |  |  | — |  |  | (33,823 | ) |  | (378 | ) |  | — |  |  | (34,201 | )
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (22,832 | ) |  | (22,832 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (20,599 | ) |  | (20,599 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (14,851 | ) |  | (14,851 | )
Income from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,122 |  |  | 10,122 |
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,522 |  |  | 1,522 |
Net income (loss) attributable to Albemarle Corporation | $ | 22,530 |  |  | $ | 60,486 |  |  | $ | 39,717 |  |  | $ | 122,733 |  |  | $ | 3,612 |  |  | $ | (74,198 | ) |  | $ | 52,147 |
Six months ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 169,142 |  |  | $ | 128,170 |  |  | $ | 116,660 |  |  | $ | 413,972 |  |  | $ | 9,340 |  |  | $ | (40,808 | ) |  | $ | 382,504 |
Depreciation and amortization | (48,935 | ) |  | (19,570 | ) |  | (17,874 | ) |  | (86,379 | ) |  | (3,965 | ) |  | (2,970 | ) |  | (93,314 | )
Gain (loss) on sales of businesses, net(a) | — |  |  | — |  |  | — |  |  | — |  |  | 123,831 |  |  | (1,533 | ) |  | 122,298 |
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (37,588 | ) |  | (37,588 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (30,914 | ) |  | (30,914 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (49,141 | ) |  | (49,141 | )
Loss from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (381,028 | ) |  | (381,028 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 548 |  |  | 548 |
Net income (loss) attributable to Albemarle Corporation | $ | 120,207 |  |  | $ | 108,600 |  |  | $ | 98,786 |  |  | $ | 327,593 |  |  | $ | 129,206 |  |  | $ | (543,434 | ) |  | $ | (86,635 | )
Six months ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDA | $ | 157,580 |  |  | $ | 121,630 |  |  | $ | 90,393 |  |  | $ | 369,603 |  |  | $ | 23,278 |  |  | $ | 7,977 |  |  | $ | 400,858 |
Depreciation and amortization | (45,454 | ) |  | (16,672 | ) |  | (16,593 | ) |  | (78,719 | ) |  | (11,222 | ) |  | (4,221 | ) |  | (94,162 | )
Utilization of inventory markup(c) | (62,405 | ) |  | — |  |  | — |  |  | (62,405 | ) |  | (3,029 | ) |  | — |  |  | (65,434 | )
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (80,657 | ) |  | (80,657 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (42,899 | ) |  | (42,899 | )
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (28,636 | ) |  | (28,636 | )
Income from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,024 |  |  | 8,024 |
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,609 |  |  | 2,609 |
Other(d) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,441 | ) |  | (4,441 | )
Net income (loss) attributable to Albemarle Corporation | $ | 49,721 |  |  | $ | 104,958 |  |  | $ | 73,800 |  |  | $ | 228,479 |  |  | $ | 9,027 |  |  | $ | (142,244 | ) |  | $ | 95,262 |
(a) | See Note 3, “Divestitures,” for additional information.
(b) | See Note 2, “Acquisitions,” for additional information.
(c) | 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 $103.4 million. The inventory markup was expensed over the estimated remaining selling period. For the three-month and six-month periods ended June 30, 2015, $24.2 million and $47.5 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.
(d) | Financing-related fees expensed in connection with the acquisition of Rockwood.

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