Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	1,573,476	$	2,689,816	$	123,672
Denominator:
Weighted-average common shares for basic earnings per share	117,317		117,120		115,841
Basic earnings per share	$	13.41	$	22.97	$	1.07
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	1,573,476	$	2,689,816	$	123,672
Denominator:
Weighted-average common shares for basic earnings per share	117,317		117,120		115,841
Incremental shares under stock compensation plans	449		673		695
Weighted-average common shares for diluted earnings per share	117,766		117,793		116,536
Diluted earnings per share	$	13.36	$	22.84	$	1.06