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Earnings Per Share | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share: Basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2020 and 2019 are calculated as follows (in thousands, except per share amounts):
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Basic earnings per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Albemarle Corporation | $ | 85,624 |  |  | $ | 154,198 |  |  | $ | 192,828 |  |  | $ | 287,767 |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic earnings per share | 106,329 |  |  | 105,961 |  |  | 106,278 |  |  | 105,880 |
Basic earnings per share | $ | 0.81 |  |  | $ | 1.46 |  |  | $ | 1.81 |  |  | $ | 2.72 |
Diluted earnings per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Albemarle Corporation | $ | 85,624 |  |  | $ | 154,198 |  |  | $ | 192,828 |  |  | $ | 287,767 |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic earnings per share | 106,329 |  |  | 105,961 |  |  | 106,278 |  |  | 105,880 |
Incremental shares under stock compensation plans | 206 |  |  | 355 |  |  | 246 |  |  | 456 |
Weighted-average common shares for diluted earnings per share | 106,535 |  |  | 106,316 |  |  | 106,524 |  |  | 106,336 |
Diluted earnings per share | $ | 0.80 |  |  | $ | 1.45 |  |  | $ | 1.81 |  |  | $ | 2.71 |
At June 30, 2020, there were 261,042 common stock equivalents not included in the computation of diluted earnings per share because their effect would have been anti-dilutive. On February 28, 2020, the Company increased the regular quarterly dividend by 5% to $0.385 per share. On May 5, 2020, the Company declared a cash dividend of $0.385, which was paid on July 1, 2020 to shareholders of record at the close of business as of June 12, 2020. On July 14, 2020, the Company declared a cash dividend of $0.385 per share, which is payable on October 1, 2020 to shareholders of record at the close of business as of September 18, 2020.

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