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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 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 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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