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Earnings Per Share
 9 Months Ended
Sep. 30, 2016
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, 2016 and 2015 are calculated as follows (in thousands, except per share amounts):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Basic earnings per share from continuing operations
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income from continuing operations
$
114,512

 
$
59,842

 
$
428,334

 
$
158,313

Net income from continuing operations attributable to noncontrolling interests
(9,477
)
 
(5,447
)
 
(28,906
)
 
(16,680
)
Net income from continuing operations attributable to Albemarle Corporation
$
105,035

 
$
54,395

 
$
399,428

 
$
141,633

Denominator:
 
 
 
 
 
 
 
Weighted-average common shares for basic earnings per share
112,429

 
112,202

 
112,343

 
110,840

Basic earnings per share from continuing operations
$
0.93

 
$
0.48

 
$
3.56

 
$
1.28

 
 
 
 
 
 
 
 
Diluted earnings per share from continuing operations
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income from continuing operations
$
114,512

 
$
59,842

 
$
428,334

 
$
158,313

Net income from continuing operations attributable to noncontrolling interests
(9,477
)
 
(5,447
)
 
(28,906
)
 
(16,680
)
Net income from continuing operations attributable to Albemarle Corporation
$
105,035

 
$
54,395

 
$
399,428

 
$
141,633

Denominator:
 
 
 
 
 
 
 
Weighted-average common shares for basic earnings per share
112,429

 
112,202

 
112,343

 
110,840

Incremental shares under stock compensation plans
1,019

 
342

 
788

 
365

Weighted-average common shares for diluted earnings per share
113,448

 
112,544

 
113,131

 
111,205

Diluted earnings per share from continuing operations
$
0.93

 
$
0.48

 
$
3.53

 
$
1.27


On February 26, 2016, the Company increased the regular quarterly dividend by 5% to $0.305 per share. On July 11, 2016, the Company declared a cash dividend of $0.305 per share, which was paid on October 3, 2016 to shareholders of record at the close of business as of September 15, 2016. On November 3, 2016, the Company declared a cash dividend of $0.305 per share, which is payable on January 2, 2017 to shareholders of record at the close of business as of December 15, 2016.