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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Calculation of Basic and Diluted Earning Per Share | Basic and diluted earnings per share for the three-month periods ended March 31, 2021 and 2020 are calculated as follows (in thousands, except per share amounts):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Basic earnings per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Albemarle Corporation |  |  |  |  | $ | 95,677 |  |  | $ | 107,204 |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic earnings per share |  |  |  |  | 112,592 |  |  | 106,227 |
Basic earnings per share |  |  |  |  | $ | 0.85 |  |  | $ | 1.01 |
Diluted earnings per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Albemarle Corporation |  |  |  |  | $ | 95,677 |  |  | $ | 107,204 |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic earnings per share |  |  |  |  | 112,592 |  |  | 106,227 |
Incremental shares under stock compensation plans |  |  |  |  | 738 |  |  | 285 |
Weighted-average common shares for diluted earnings per share |  |  |  |  | 113,330 |  |  | 106,512 |
Diluted earnings per share |  |  |  |  | $ | 0.84 |  |  | $ | 1.01 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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