Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

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,
	2022		2021		2020
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	2,689,816	$	123,672	$	375,764
Denominator:
Weighted-average common shares for basic earnings per share	117,120		115,841		106,402
Basic earnings per share	$	22.97	$	1.07	$	3.53
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	2,689,816	$	123,672	$	375,764
Denominator:
Weighted-average common shares for basic earnings per share	117,120		115,841		106,402
Incremental shares under stock compensation plans	673		695		406
Weighted-average common shares for diluted earnings per share	117,793		116,536		106,808
Diluted earnings per share	$	22.84	$	1.06	$	3.52