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v3.20.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Segment Reporting [Abstract] |
Reportable Segments Summarized Financial Information |
| Three Months Ended March 31,
| 2020 |  | 2019
| (In thousands)
Net sales: |  |  |
Lithium | $ | 236,818 |  |  | $ | 291,886 |
Bromine Specialties | 231,592 |  |  | 249,052 |
Catalysts | 207,207 |  |  | 251,648 |
All Other | 63,228 |  |  | 39,478 |
Total net sales | $ | 738,845 |  |  | $ | 832,064 |
Adjusted EBITDA: |  |  |
Lithium | $ | 78,637 |  |  | $ | 115,616 |
Bromine Specialties | 83,262 |  |  | 78,597 |
Catalysts | 47,470 |  |  | 60,071 |
All Other | 22,824 |  |  | 7,243 |
Corporate | (35,828 | ) |  | (35,660 | )
Total adjusted EBITDA | $ | 196,365 |  |  | $ | 225,867 |
See below for a reconciliation of adjusted EBITDA, the non-GAAP financial measure, from Net income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with U.S. GAAP (in thousands):
| Lithium |  | Bromine Specialties |  | Catalysts |  | Reportable Segments Total |  | All Other |  | Corporate |  | Consolidated Total
Three months ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Albemarle Corporation | $ | 53,240 |  |  | $ | 71,665 |  |  | $ | 34,892 |  |  | $ | 159,797 |  |  | $ | 20,846 |  |  | $ | (73,439 | ) |  | $ | 107,204 |
Depreciation and amortization | 25,397 |  |  | 11,597 |  |  | 12,578 |  |  | 49,572 |  |  | 1,978 |  |  | 2,144 |  |  | 53,694 |
Restructuring and other(a) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,847 |  |  | 1,847 |
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,951 |  |  | 2,951 |
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,885 |  |  | 16,885 |
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18,442 |  |  | 18,442 |
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,908 | ) |  | (2,908 | )
Other(c) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,750 | ) |  | (1,750 | )
Adjusted EBITDA | $ | 78,637 |  |  | $ | 83,262 |  |  | $ | 47,470 |  |  | $ | 209,369 |  |  | $ | 22,824 |  |  | $ | (35,828 | ) |  | $ | 196,365 |
Three months ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Albemarle Corporation | $ | 93,169 |  |  | $ | 67,480 |  |  | $ | 47,859 |  |  | $ | 208,508 |  |  | $ | 5,206 |  |  | $ | (80,145 | ) |  | $ | 133,569 |
Depreciation and amortization | 22,092 |  |  | 11,117 |  |  | 12,212 |  |  | 45,421 |  |  | 2,037 |  |  | 1,825 |  |  | 49,283 |
Acquisition and integration related costs(b) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,285 |  |  | 5,285 |
Gain on sale of property(d) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,079 | ) |  | (11,079 | )
Interest and financing expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,586 |  |  | 12,586 |
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 37,514 |  |  | 37,514 |
Non-operating pension and OPEB items | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (583 | ) |  | (583 | )
Other(e) | 355 |  |  | — |  |  | — |  |  | 355 |  |  | — |  |  | (1,063 | ) |  | (708 | )
Adjusted EBITDA | $ | 115,616 |  |  | $ | 78,597 |  |  | $ | 60,071 |  |  | $ | 254,284 |  |  | $ | 7,243 |  |  | $ | (35,660 | ) |  | $ | 225,867 |
(a) | Severance payments as part of a business reorganization plan, $0.7 million recorded in Cost of goods sold, $1.5 million recorded in Selling, general and administrative expenses and a $0.3 million gain recorded in Net income attributable to noncontrolling interest for the portion of severance expense allocated to our Jordanian joint venture partner.
(b) | Included acquisition and integration related costs relating to various significant projects. For the three-month periods ended March 31, 2020 and 2019, $3.0 million and $5.3 million was recorded in Selling, general and administrative expenses, respectively.
(c) | Included amounts for the three months ended March 31, 2020 recorded in:
▪ | Other income, net - $2.6 million gain resulting from the settlement of a legal matter related to a business sold, partially offset by a $0.8 million loss resulting from the adjustment of indemnifications related to previously disposed businesses.
(d) | Gain recorded in Other income, net related to the sale of land in Pasadena, Texas not used as part of our operations.
(e) | Included amounts for the three months ended March 31, 2019 recorded in:
▪ | Cost of goods sold - $0.4 million related to non-routine labor and compensation related costs in Chile that are outside normal compensation arrangements.
▪ | Selling, general and administrative expenses - Severance payments as part of a business reorganization plan of $0.5 million.
▪ Other income, net - $1.6 million of a net gain resulting from the adjustment of indemnifications and other liabilities related to previously disposed businesses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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