Earnings Per Share (Tables)

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2023 and 2022 are calculated as follows (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	302,533	$	897,215	$	2,191,156	$	1,557,371
Denominator:
Weighted-average common shares for basic earnings per share	117,349		117,136		117,304		117,106
Basic earnings per share	$	2.58	$	7.66	$	18.68	$	13.30
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	302,533	$	897,215	$	2,191,156	$	1,557,371
Denominator:
Weighted-average common shares for basic earnings per share	117,349		117,136		117,304		117,106
Incremental shares under stock compensation plans	434		733		493		643
Weighted-average common shares for diluted earnings per share	117,783		117,869		117,797		117,749
Diluted earnings per share	$	2.57	$	7.61	$	18.60	$	13.23