Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Calculation of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2012 and 2011 are calculated as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
	(In thousands, except per share amounts)
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	37,732	$	114,159	$	145,775	$	220,739
Denominator:
Weighted-average common shares for basic earnings per share		89,414		91,713		89,206		91,673
Basic earnings per share	$	0.42	$	1.24	$	1.63	$	2.41
Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	37,732	$	114,159	$	145,775	$	220,739
Denominator:
Weighted-average common shares for basic earnings per share		89,414		91,713		89,206		91,673
Incremental shares under stock compensation plans		637		1,082		793		983
Total shares		90,051		92,795		89,999		92,656
Diluted earnings per share	$	0.42	$	1.23	$	1.62	$	2.38