Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share:

Basic and diluted earnings per share for the three-month periods ended March 31, 2016 and 2015 are calculated as follows (in thousands, except per share amounts):



	Three Months Ended March 31,
	2016		2015
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	228,186	$	43,115
Denominator:
Weighted-average common shares for basic earnings per share	112,260		108,130
Basic earnings per share	$	2.03	$	0.40

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	228,186	$	43,115
Denominator:
Weighted-average common shares for basic earnings per share	112,260		108,130
Incremental shares under stock compensation plans	510		334
Weighted-average common shares for diluted earnings per share	112,770		108,464
Diluted earnings per share	$	2.02	$	0.40

On February 26, 2016, the Company increased the regular quarterly dividend by 5% to $0.305 per share and declared a cash dividend of said amount for the first quarter of 2016, which was paid on April 1, 2016 to shareholders of record at the close of business as of March 16, 2016. On May 10, 2016, the Company declared a cash dividend of $0.305 per share, which is payable on July 1, 2016 to shareholders of record at the close of business as of June 15, 2016.