XML 47 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 4—Earnings Per Share:

Basic and diluted earnings per share for the three-month periods ended March 31, 2012 and 2011 are calculated as follows:

 

     Three Months Ended
March 31,		  
     2012      2011  
     (In thousands, except per
share amounts)		  

Basic earnings per share

      

Numerator:

      

Net income attributable to Albemarle Corporation

    $ 108,043       $ 106,580   
  

 

 

     

 

 

  

Denominator:

      

Weighted-average common shares for basic earnings per share

      88,997         91,633   
  

 

 

     

 

 

  

Basic earnings per share

    $ 1.21       $ 1.16   
  

 

 

     

 

 

  

Diluted earnings per share

      

Numerator:

      

Net income attributable to Albemarle Corporation

    $ 108,043       $ 106,580   
  

 

 

     

 

 

  

Denominator:

      

Weighted-average common shares for basic earnings per share

      88,997         91,633   

Incremental shares under stock compensation plans

      950         884   
  

 

 

     

 

 

  

Total shares

      89,947         92,517   
  

 

 

     

 

 

  

Diluted earnings per share

    $ 1.20       $ 1.15   
  

 

 

     

 

 

  

 

On February 15, 2012, the Company increased the regular quarterly dividend by 14% to $0.20 per share and declared a cash dividend of said amount for the first quarter of 2012, which was payable on April 1, 2012 to shareholders of record at the close of business as of March 15, 2012.