Earnings Per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share:

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	98,301	$	155,070	$	291,129	$	442,837
Denominator:
Weighted-average common shares for basic earnings per share	106,386		105,999		106,314		105,920
Basic earnings per share	$	0.92	$	1.46	$	2.74	$	4.18

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	98,301	$	155,070	$	291,129	$	442,837
Denominator:
Weighted-average common shares for basic earnings per share	106,386		105,999		106,314		105,920
Incremental shares under stock compensation plans	487		300		326		404
Weighted-average common shares for diluted earnings per share	106,873		106,299		106,640		106,324
Diluted earnings per share	$	0.92	$	1.46	$	2.73	$	4.16

At September 30, 2020, there were 45,706 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 July 14, 2020, the Company declared a cash dividend of $0.385, which was paid on October 1, 2020 to shareholders of record at the close of business as of September 18, 2020. On October 27, 2020, the Company declared a cash dividend of $0.385 per share, which is payable on January 4, 2021 to shareholders of record at the close of business as of December 11, 2020.