Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and 2021 are calculated as follows (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	406,773	$	424,600	$	660,156	$	520,277
Denominator:
Weighted-average common shares for basic earnings per share	117,116		116,809		117,091		114,700
Basic earnings per share	$	3.47	$	3.63	$	5.64	$	4.54
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	406,773	$	424,600	$	660,156	$	520,277
Denominator:
Weighted-average common shares for basic earnings per share	117,116		116,809		117,091		114,700
Incremental shares under stock compensation plans	608		627		598		683
Weighted-average common shares for diluted earnings per share	117,724		117,436		117,689		115,383
Diluted earnings per share	$	3.46	$	3.62	$	5.61	$	4.51