Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earning Per Share

Basic and diluted earnings per share for the three-month periods ended March 31, 2022 and 2021 are calculated as follows (in thousands, except per share amounts):

	Three Months Ended March 31,
	2022		2021
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	253,383	$	95,677
Denominator:
Weighted-average common shares for basic earnings per share	117,066		112,592
Basic earnings per share	$	2.16	$	0.85
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	253,383	$	95,677
Denominator:
Weighted-average common shares for basic earnings per share	117,066		112,592
Incremental shares under stock compensation plans	587		738
Weighted-average common shares for diluted earnings per share	117,653		113,330
Diluted earnings per share	$	2.15	$	0.84