Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share:

Basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2020 and 2019 are calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	85,624	$	154,198	$	192,828	$	287,767
Denominator:
Weighted-average common shares for basic earnings per share	106,329		105,961		106,278		105,880
Basic earnings per share	$	0.81	$	1.46	$	1.81	$	2.72

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	85,624	$	154,198	$	192,828	$	287,767
Denominator:
Weighted-average common shares for basic earnings per share	106,329		105,961		106,278		105,880
Incremental shares under stock compensation plans	206		355		246		456
Weighted-average common shares for diluted earnings per share	106,535		106,316		106,524		106,336
Diluted earnings per share	$	0.80	$	1.45	$	1.81	$	2.71

At June 30, 2020, there were 261,042 common stock equivalents not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.

On February 28, 2020, the Company increased the regular quarterly dividend by 5% to $0.385 per share. On May 5, 2020, the Company declared a cash dividend of $0.385, which was paid on July 1, 2020 to shareholders of record at the close of business as of June 12, 2020. On July 14, 2020, the Company declared a cash dividend of $0.385 per share, which is payable on October 1, 2020 to shareholders of record at the close of business as of September 18, 2020.