Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earning Per Share

Basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2021 and 2020 are calculated as follows (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	424,600	$	85,624	$	520,277	$	192,828
Denominator:
Weighted-average common shares for basic earnings per share	116,809		106,329		114,700		106,278
Basic earnings per share	$	3.63	$	0.81	$	4.54	$	1.81
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	424,600	$	85,624	$	520,277	$	192,828
Denominator:
Weighted-average common shares for basic earnings per share	116,809		106,329		114,700		106,278
Incremental shares under stock compensation plans	627		206		683		246
Weighted-average common shares for diluted earnings per share	117,436		106,535		115,383		106,524
Diluted earnings per share	$	3.62	$	0.80	$	4.51	$	1.81