Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earning 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