Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	650,043	$	406,773	$	1,888,623	$	660,156
Denominator:
Weighted-average common shares for basic earnings per share	117,332		117,116		117,282		117,091
Basic earnings per share	$	5.54	$	3.47	$	16.10	$	5.64
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	650,043	$	406,773	$	1,888,623	$	660,156
Denominator:
Weighted-average common shares for basic earnings per share	117,332		117,116		117,282		117,091
Incremental shares under stock compensation plans	437		608		523		598
Weighted-average common shares for diluted earnings per share	117,769		117,724		117,805		117,689
Diluted earnings per share	$	5.52	$	3.46	$	16.03	$	5.61