Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share

Earnings Per Share

NOTE 4—Earnings Per Share:

Basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2011 and 2010 are calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
	(In thousands, except per share amounts)
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	116,098	$	93,689	$	336,837	$	238,748
Denominator:
Weighted-average common shares for basic earnings per share		89,935		91,312		91,094		91,335
Basic earnings per share	$	1.29	$	1.03	$	3.70	$	2.61
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	116,098	$	93,689	$	336,837	$	238,748
Denominator:
Weighted-average common shares for basic earnings per share		89,935		91,312		91,094		91,335
Incremental shares under stock compensation plans		1,023		770		996		794
Total shares		90,958		92,082		92,090		92,129
Diluted earnings per share	$	1.28	$	1.02	$	3.66	$	2.59

On October 13, 2011, the Company increased the regular quarterly dividend by 6% to $0.175 per share and declared a cash dividend of said amount for the fourth quarter of 2011, which is payable on January 1, 2012 to shareholders of record at the close of business as of December 15, 2011.

During the three and nine months ended September 30, 2011, we repurchased 3.0 million shares of our common stock for $178.1 million pursuant to the terms of our share repurchase program.