Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share:

Basic and diluted earnings per share from continuing operations for the three-month periods ended March 31, 2015 and 2014 are calculated as follows:

	Three Months Ended   March 31,
	2015			2014
	(In thousands, except per share amounts)
Basic earnings per share from continuing operations
Numerator:
Net income from continuing operations	$	47,149		$	66,004
Net income from continuing operations attributable to noncontrolling interests	(4,034		)	(7,652		)
Net income from continuing operations attributable to Albemarle Corporation	$	43,115		$	58,352
Denominator:
Weighted-average common shares for basic earnings per share(a)	108,130			79,735
Basic earnings per share from continuing operations	$	0.40		$	0.73
Diluted earnings per share from continuing operations
Numerator:
Net income from continuing operations	$	47,149		$	66,004
Net income from continuing operations attributable to noncontrolling interests	(4,034		)	(7,652		)
Net income from continuing operations attributable to Albemarle Corporation	$	43,115		$	58,352
Denominator:
Weighted-average common shares for basic earnings per share(a)	108,130			79,735
Incremental shares under stock compensation plans	334			377
Weighted-average common shares for diluted earnings per share(a)	108,464			80,112
Diluted earnings per share from continuing operations	$	0.40		$	0.73

(a) 2015 includes the impact of 34,113 shares issued in connection with the Rockwood acquisition.

On February 24, 2015, the Company increased the regular quarterly dividend by 5% to $0.29 per share and declared a cash dividend of said amount for the first quarter of 2015, which was paid on April 1, 2015 to shareholders of record at the close of business as of March 16, 2015. On May 5, 2015, the Company declared a cash dividend of $0.29 per share, which is payable on July 1, 2015 to shareholders of record at the close of business as of June 16, 2015.