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Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share: Basic and diluted (loss) earnings per share for the three-month and six-month periods ended June 30, 2024 and 2023 are calculated as follows (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic (loss) earnings per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net (loss) income attributable to Albemarle Corporation | $ | (188,198) |  |  | $ | 650,043 |  |  | $ | (185,750) |  |  | $ | 1,888,623 |
Mandatory convertible preferred stock dividends | (41,688) |  |  | — |  |  | (53,272) |  |  | — |
Net (loss) income attributable to Albemarle Corporation common shareholders | $ | (229,886) |  |  | $ | 650,043 |  |  | $ | (239,022) |  |  | $ | 1,888,623 |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic (loss) earnings per share | 117,528 |  |  | 117,332 |  |  | 117,489 |  |  | 117,282 |
Basic (loss) earnings per share | $ | (1.96) |  |  | $ | 5.54 |  |  | $ | (2.03) |  |  | $ | 16.10 |
Diluted (loss) earnings per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net (loss) income attributable to Albemarle Corporation | $ | (188,198) |  |  | $ | 650,043 |  |  | $ | (185,750) |  |  | $ | 1,888,623 |
Mandatory convertible preferred stock dividends | (41,688) |  |  | — |  |  | (53,272) |  |  | — |
Net (loss) income attributable to Albemarle Corporation common shareholders | $ | (229,886) |  |  | $ | 650,043 |  |  | $ | (239,022) |  |  | $ | 1,888,623 |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic (loss) earnings per share | 117,528 |  |  | 117,332 |  |  | 117,489 |  |  | 117,282 |
Incremental shares under stock compensation plans | — |  |  | 437 |  |  | — |  |  | 523 |
Weighted-average common shares for diluted (loss) earnings per share | 117,528 |  |  | 117,769 |  |  | 117,489 |  |  | 117,805 |
Diluted (loss) earnings per share | $ | (1.96) |  |  | $ | 5.52 |  |  | $ | (2.03) |  |  | $ | 16.03 |
The following table summarizes the number of shares, calculated on a weighted average basis, not included in the computation of diluted earnings per share because their effect would have been anti-dilutive (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Shares assuming the conversion of the mandatory convertible preferred stock | 19,411 |  |  | — |  |  | 12,841 |  |  | — |
Shares under the stock compensation plans | 1,140 |  |  | 51 |  |  | 1,018 |  |  | 36 |

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