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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earning 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