Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share:

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	155,070	$	129,745	$	442,837	$	563,966
Denominator:
Weighted-average common shares for basic earnings per share	105,999		107,315		105,920		109,223
Basic earnings per share	$	1.46	$	1.21	$	4.18	$	5.16

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	155,070	$	129,745	$	442,837	$	563,966
Denominator:
Weighted-average common shares for basic earnings per share	105,999		107,315		105,920		109,223
Incremental shares under stock compensation plans	300		987		404		1,053
Weighted-average common shares for diluted earnings per share	106,299		108,302		106,324		110,276
Diluted earnings per share	$	1.46	$	1.20	$	4.16	$	5.11

At September 30, 2019, there were 226,872 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 July 24, 2019, the Company declared a cash dividend of $0.3675 per share, which was paid on October 1, 2019 to shareholders of record at the close of business as of September 13, 2019. On October 29, 2019, the Company declared a cash dividend of $0.3675 per share, which is payable on January 2, 2020 to shareholders of record at the close of business as of December 13, 2019.