XML 56 R38.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share
Basic and diluted earnings per share from continuing operations are calculated as follows (in thousands, except per share amounts):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Basic earnings per share from continuing operations
 
 
 
 
 
Numerator:
 
 
 
 
 
Net income from continuing operations
$
478,638

 
$
327,588

 
$
230,437

Net income from continuing operations attributable to noncontrolling interests
(37,094
)
 
(25,158
)
 
(27,590
)
Net income from continuing operations attributable to Albemarle Corporation
$
441,544

 
$
302,430

 
$
202,847

Denominator:
 
 
 
 
 
Weighted-average common shares for basic earnings per share
112,379

 
111,182

 
78,696

Basic earnings per share from continuing operations
$
3.93

 
$
2.72

 
$
2.57

Diluted earnings per share from continuing operations
 
 
 
 
 
Numerator:
 
 
 
 
 
Net income from continuing operations
$
478,638

 
$
327,588

 
$
230,437

Net income from continuing operations attributable to noncontrolling interests
(37,094
)
 
(25,158
)
 
(27,590
)
Net income from continuing operations attributable to Albemarle Corporation
$
441,544

 
$
302,430

 
$
202,847

Denominator:
 
 
 
 
 
Weighted-average common shares for basic earnings per share
112,379

 
111,182

 
78,696

Incremental shares under stock compensation plans
860

 
374

 
406

Weighted-average common shares for diluted earnings per share
113,239

 
111,556

 
79,102

Diluted earnings per share from continuing operations
$
3.90

 
$
2.71

 
$
2.57