Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share:

Basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2019 and 2018 are calculated as follows (in thousands, except per share amounts):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	154,198	$	302,461	$	287,767	$	434,221
Denominator:
Weighted-average common shares for basic earnings per share	105,961		109,671		105,880		110,176
Basic earnings per share	$	1.46	$	2.76	$	2.72	$	3.94

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	154,198	$	302,461	$	287,767	$	434,221
Denominator:
Weighted-average common shares for basic earnings per share	105,961		109,671		105,880		110,176
Incremental shares under stock compensation plans	355		988		456		1,087
Weighted-average common shares for diluted earnings per share	106,316		110,659		106,336		111,263
Diluted earnings per share	$	1.45	$	2.73	$	2.71	$	3.90

At June 30, 2019, there were 214,904 common stock equivalents not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.

On February 26, 2019, the Company increased the regular quarterly dividend by 10% to $0.3675 per share. On May 8, 2019, the Company declared a cash dividend of $0.3675 per share, which was paid on July 1, 2019 to shareholders of record at the close of business as of June 14, 2019. On July 24, 2019, the Company declared a cash dividend of $0.3675 per share, which is payable on October 1, 2019 to shareholders of record at the close of business as of September 13, 2019.