Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	123,672	$	375,764	$	533,228
Denominator:
Weighted-average common shares for basic earnings per share	115,841		106,402		105,949
Basic earnings per share	$	1.07	$	3.53	$	5.03
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	123,672	$	375,764	$	533,228
Denominator:
Weighted-average common shares for basic earnings per share	115,841		106,402		105,949
Incremental shares under stock compensation plans	695		406		372
Weighted-average common shares for diluted earnings per share	116,536		106,808		106,321
Diluted earnings per share	$	1.06	$	3.52	$	5.02