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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Reportable Segments Summarized Financial Information |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (In thousands)
Net sales: |  |  |  |  |  |  |
Lithium and Advanced Materials | $ | 240,424 |  |  | $ | 208,820 |  |  | $ | 689,950 |  |  | $ | 620,597 |
Bromine Specialties | 194,496 |  |  | 190,716 |  |  | 597,912 |  |  | 604,267 |
Refining Solutions | 190,453 |  |  | 185,102 |  |  | 539,044 |  |  | 528,841 |
All Other | 28,272 |  |  | 102,224 |  |  | 150,987 |  |  | 337,997 |
Corporate | 365 |  |  | 6,354 |  |  | 2,655 |  |  | 12,117 |
Total net sales | $ | 654,010 |  |  | $ | 693,216 |  |  | $ | 1,980,548 |  |  | $ | 2,103,819 |
Adjusted EBITDA: |  |  |  |  |  |  |
Lithium and Advanced Materials | $ | 91,719 |  |  | $ | 77,408 |  |  | $ | 260,861 |  |  | $ | 234,988 |
Bromine Specialties | 51,807 |  |  | 58,801 |  |  | 179,977 |  |  | 180,431 |
Refining Solutions | 64,960 |  |  | 54,517 |  |  | 181,620 |  |  | 144,910 |
All Other | 5,470 |  |  | 6,262 |  |  | 14,810 |  |  | 29,540 |
Corporate | (25,627 | ) |  | (16,307 | ) |  | (66,435 | ) |  | (8,350 | )
Total adjusted EBITDA | $ | 188,329 |  |  | $ | 180,681 |  |  | $ | 570,833 |  |  | $ | 581,519 |
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 U.S. GAAP, (in thousands):
| Lithium and Advanced Materials |  | Bromine Specialties |  | Refining Solutions |  | Reportable Segments Total |  | All Other |  | Corporate |  | Consolidated Total
Three months ended September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Albemarle Corporation | $ | 66,166 |  |  | $ | 41,621 |  |  | $ | 55,981 |  |  | $ | 163,768 |  |  | $ | 3,806 |  |  | $ | (39,354 | ) |  | $ | 128,220 |
Depreciation and amortization | 25,553 |  |  | 10,186 |  |  | 8,979 |  |  | 44,718 |  |  | 1,664 |  |  | 1,592 |  |  | 47,974 |
Acquisition and integration related costs(a) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,749 |  |  | 6,749 |
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,946 |  |  | 15,946 |
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,394 |  |  | 12,394 |
Income from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (23,185 | ) |  | (23,185 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (231 | ) |  | (231 | )
Other(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 462 |  |  | 462 |
Adjusted EBITDA | $ | 91,719 |  |  | $ | 51,807 |  |  | $ | 64,960 |  |  | $ | 208,486 |  |  | $ | 5,470 |  |  | $ | (25,627 | ) |  | $ | 188,329 |
Three months ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Albemarle Corporation | $ | 38,498 |  |  | $ | 49,395 |  |  | $ | 45,713 |  |  | $ | 133,606 |  |  | $ | 617 |  |  | $ | (68,831 | ) |  | $ | 65,392 |
Depreciation and amortization | 22,076 |  |  | 9,406 |  |  | 8,804 |  |  | 40,286 |  |  | 5,645 |  |  | 2,712 |  |  | 48,643 |
Utilization of inventory markup(c) | 16,834 |  |  | — |  |  | — |  |  | 16,834 |  |  | — |  |  | — |  |  | 16,834 |
Restructuring and other, net(d) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,804 | ) |  | (6,804 | )
Acquisition and integration related costs(a) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 36,514 |  |  | 36,514 |
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,294 |  |  | 19,294 |
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,144 |  |  | 13,144 |
Income from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,030 | ) |  | (11,030 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,306 | ) |  | (1,306 | )
Adjusted EBITDA | $ | 77,408 |  |  | $ | 58,801 |  |  | $ | 54,517 |  |  | $ | 190,726 |  |  | $ | 6,262 |  |  | $ | (16,307 | ) |  | $ | 180,681 |
Nine months ended September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Albemarle Corporation | $ | 186,373 |  |  | $ | 150,221 |  |  | $ | 154,767 |  |  | $ | 491,361 |  |  | $ | 133,012 |  |  | $ | (582,788 | ) |  | $ | 41,585 |
Depreciation and amortization | 74,488 |  |  | 29,756 |  |  | 26,853 |  |  | 131,097 |  |  | 5,629 |  |  | 4,562 |  |  | 141,288 |
(Gain) loss on sales of businesses, net(e) | — |  |  | — |  |  | — |  |  | — |  |  | (123,831 | ) |  | 1,533 |  |  | (122,298 | )
Acquisition and integration related costs(a) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 44,337 |  |  | 44,337 |
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 46,860 |  |  | 46,860 |
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 61,535 |  |  | 61,535 |
Loss from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 357,843 |  |  | 357,843 |
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (779 | ) |  | (779 | )
Other(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 462 |  |  | 462 |
Adjusted EBITDA | $ | 260,861 |  |  | $ | 179,977 |  |  | $ | 181,620 |  |  | $ | 622,458 |  |  | $ | 14,810 |  |  | $ | (66,435 | ) |  | $ | 570,833 |
Nine months ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Albemarle Corporation | $ | 88,219 |  |  | $ | 154,353 |  |  | $ | 119,513 |  |  | $ | 362,085 |  |  | $ | 9,644 |  |  | $ | (211,075 | ) |  | $ | 160,654 |
Depreciation and amortization | 67,530 |  |  | 26,078 |  |  | 25,397 |  |  | 119,005 |  |  | 16,867 |  |  | 6,933 |  |  | 142,805 |
Utilization of inventory markup(c) | 79,239 |  |  | — |  |  | — |  |  | 79,239 |  |  | 3,029 |  |  | — |  |  | 82,268 |
Restructuring and other, net(d) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,804 | ) |  | (6,804 | )
Acquisition and integration related costs(a) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 117,171 |  |  | 117,171 |
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 62,193 |  |  | 62,193 |
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 41,780 |  |  | 41,780 |
Income from discontinued operations (net of tax) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (19,074 | ) |  | (19,074 | )
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,915 | ) |  | (3,915 | )
Other(f) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,441 |  |  | 4,441 |
Adjusted EBITDA | $ | 234,988 |  |  | $ | 180,431 |  |  | $ | 144,910 |  |  | $ | 560,329 |  |  | $ | 29,540 |  |  | $ | (8,350 | ) |  | $ | 581,519 |
(a) | See Note 2, “Acquisitions,” for additional information.
(b) | Includes the write-off of fixed assets of $1.4 million included in Research and development expenses, partially offset by a net gain of $0.9 million on the sales of properties included in Other income, net.
(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 nine-month periods ended September 30, 2015, $7.7 million and $55.4 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.
(d) | Gain recognized upon the sale of land in Avonmouth, UK, which was utilized by the phosphorus flame retardants business we exited in 2012.
(e) | See Note 3, “Divestitures,” for additional information.
(f) | Financing-related fees expensed in connection with the acquisition of Rockwood.

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