Earnings Per Share (Tables)

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2022 and 2021 are calculated as follows (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Basic earnings per share
Numerator:
Net income (loss) attributable to Albemarle Corporation	$	897,215	$	(392,781)	$	1,557,371	$	127,496
Denominator:
Weighted-average common shares for basic earnings per share	117,136		116,965		117,106		115,455
Basic earnings (loss) per share	$	7.66	$	(3.36)	$	13.30	$	1.10
Diluted earnings per share
Numerator:
Net income (loss) attributable to Albemarle Corporation	$	897,215	$	(392,781)	$	1,557,371	$	127,496
Denominator:
Weighted-average common shares for basic earnings per share	117,136		116,965		117,106		115,455
Incremental shares under stock compensation plans	733		—		643		685
Weighted-average common shares for diluted earnings per share	117,869		116,965		117,749		116,140
Diluted earnings (loss) per share	$	7.61	$	(3.36)	$	13.23	$	1.10