Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share are calculated as follows (in thousands, except per share amounts):

	Year Ended December 31,
	2019		2018		2017
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	533,228	$	693,562	$	54,850
Denominator:
Weighted-average common shares for basic earnings per share	105,949		108,427		110,914
Basic earnings per share	$	5.03	$	6.40	$	0.49
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	533,228	$	693,562	$	54,850
Denominator:
Weighted-average common shares for basic earnings per share	105,949		108,427		110,914
Incremental shares under stock compensation plans	372		1,031		1,466
Weighted-average common shares for diluted earnings per share	106,321		109,458		112,380
Diluted earnings per share	$	5.02	$	6.34	$	0.49