Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and 2022 are calculated as follows (in thousands, except per share amounts):

	Three Months Ended March 31,
	2023		2022
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	1,238,580	$	253,383
Denominator:
Weighted-average common shares for basic earnings per share	117,232		117,066
Basic earnings per share	$	10.57	$	2.16
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	1,238,580	$	253,383
Denominator:
Weighted-average common shares for basic earnings per share	117,232		117,066
Incremental shares under stock compensation plans	609		587
Weighted-average common shares for diluted earnings per share	117,841		117,653
Diluted earnings per share	$	10.51	$	2.15