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v3.10.0.1

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Income Statement [Abstract] |  |  |  |
Net sales | $ 853,874 | $ 737,258 | $ 1,675,503 | $ 1,459,321
Cost of goods sold | 542,518 | 465,297 | 1,059,168 | 932,404
Gross profit | 311,356 | 271,961 | 616,335 | 526,917
Selling, general and administrative expenses | 123,637 | 116,585 | 225,007 | 225,513
Research and development expenses | 16,074 | 17,337 | 37,060 | 41,660
Gain on sale of business | (218,705) | 0 | (218,705) | 0
Operating profit | 390,350 | 138,039 | 572,973 | 259,744
Interest and financing expenses | (13,308) | (14,590) | (26,846) | (83,103)
Other expenses, net | (5,223) | (1,678) | (35,699) | (1,413)
Income before income taxes and equity in net income of unconsolidated investments | 371,819 | 121,771 | 510,428 | 175,228
Income tax expense | 80,102 | 23,130 | 100,463 | 35,101
Income before equity in net income of unconsolidated investments | 291,717 | 98,641 | 409,965 | 140,127
Equity in net income of unconsolidated investments (net of tax) | 18,969 | 15,048 | 39,646 | 36,219
Net income | 310,686 | 113,689 | 449,611 | 176,346
Net income attributable to noncontrolling interests | (8,225) | (10,356) | (15,390) | (21,800)
Net income attributable to Albemarle Corporation | $ 302,461 | $ 103,333 | $ 434,221 | $ 154,546
Basic earnings per share (in dollars per share) | $ 2.76 | $ 0.93 | $ 3.94 | $ 1.39
Diluted earnings per share (in dollars per share) | $ 2.73 | $ 0.92 | $ 3.90 | $ 1.37
Weighted-average common shares outstanding - basic (in shares) | 109,671 | 110,686 | 110,176 | 111,336
Weighted-average common shares outstanding - diluted (in shares) | 110,659 | 112,105 | 111,263 | 112,697
Cash dividends declared per share of common stock (in dollars per share) | $ 0.335 | $ 0.32 | $ 0.67 | $ 0.64

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