XML 80 R13.htm IDEA: XBRL DOCUMENT v3.3.0.814
Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share:
Basic and diluted earnings per share from continuing operations for the three-month and nine-month periods ended September 30, 2015 and 2014 are calculated as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands, except per share amounts)
Basic earnings per share from continuing operations
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income from continuing operations
$
70,872

 
$
88,019

 
$
177,387

 
$
243,427

Net income from continuing operations attributable to noncontrolling interests
(5,480
)
 
(8,546
)
 
(16,733
)
 
(23,130
)
Net income from continuing operations attributable to Albemarle Corporation
$
65,392

 
$
79,473

 
$
160,654

 
$
220,297

Denominator:
 
 
 
 
 
 
 
Weighted-average common shares for basic earnings per share(a)
112,202

 
78,244

 
110,840

 
78,880

Basic earnings per share from continuing operations
$
0.58

 
$
1.02

 
$
1.45

 
$
2.79

 
 
 
 
 
 
 
 
Diluted earnings per share from continuing operations
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income from continuing operations
$
70,872

 
$
88,019

 
$
177,387

 
$
243,427

Net income from continuing operations attributable to noncontrolling interests
(5,480
)
 
(8,546
)
 
(16,733
)
 
(23,130
)
Net income from continuing operations attributable to Albemarle Corporation
$
65,392

 
$
79,473

 
$
160,654

 
$
220,297

Denominator:
 
 
 
 
 
 
 
Weighted-average common shares for basic earnings per share(a)
112,202

 
78,244

 
110,840

 
78,880

Incremental shares under stock compensation plans
342

 
415

 
365

 
407

Weighted-average common shares for diluted earnings per share(a)
112,544

 
78,659

 
111,205

 
79,287

Diluted earnings per share from continuing operations
$
0.58

 
$
1.01

 
$
1.44

 
$
2.78


(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. On July 9, 2015, the Company declared a cash dividend of $0.29 per share, which was paid on October 1, 2015 to shareholders of record at the close of business as of September 16, 2015. On October 5, 2015, the Company declared a cash dividend of $0.29 per share, which is payable on January 4, 2016 to shareholders of record at the close of business as of December 15, 2015.