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Earnings Per Share | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share: Basic and diluted earnings per share for the three-month periods ended March 31, 2024 and 2023 are calculated as follows (in thousands, except per share amounts):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Basic (loss) earnings per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Albemarle Corporation |  |  |  |  | $ | 2,448 |  |  | $ | 1,238,580 |
Mandatory convertible preferred stock dividends |  |  |  |  | (11,584) |  |  | — |
Net (loss) income attributable to Albemarle Corporation common shareholders |  |  |  |  | $ | (9,136) |  |  | $ | 1,238,580 |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic (loss) earnings per share |  |  |  |  | 117,451 |  |  | 117,232 |
Basic (loss) earnings per share |  |  |  |  | $ | (0.08) |  |  | $ | 10.57 |
Diluted (loss) earnings per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Albemarle Corporation |  |  |  |  | $ | 2,448 |  |  | $ | 1,238,580 |
Mandatory convertible preferred stock dividends |  |  |  |  | (11,584) |  |  | — |
Net (loss) income attributable to Albemarle Corporation common shareholders |  |  |  |  | $ | (9,136) |  |  | $ | 1,238,580 |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic (loss) earnings per share |  |  |  |  | 117,451 |  |  | 117,232 |
Incremental shares under stock compensation plans |  |  |  |  | — |  |  | 609 |
Weighted-average common shares for diluted (loss) earnings per share |  |  |  |  | 117,451 |  |  | 117,841 |
Diluted (loss) earnings per share |  |  |  |  | $ | (0.08) |  |  | $ | 10.51 |
For the three-month period ended March 31, 2024, calculated on a weighted average basis, there were 6,270,968 shares assuming the conversion of the mandatory convertible preferred stock and 216,568 shares under the stock compensation plans not included in the computation of diluted earnings per share because their effect would have been anti-dilutive as the Company reported a net loss attributable to common shareholders for the period.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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