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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Calculation of Basic and Diluted Loss Per Share | Basic and diluted loss per share for the three-month periods ended March 31, 2025 and 2024 are calculated as follows (in thousands, except per share amounts):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Basic loss per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Albemarle Corporation |  |  |  |  | $ | 41,348 |  |  | $ | 2,448 |
Mandatory convertible preferred stock dividends |  |  |  |  | (41,688) |  |  | (11,584) |
Net loss attributable to Albemarle Corporation common shareholders |  |  |  |  | $ | (340) |  |  | $ | (9,136) |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for basic loss per share |  |  |  |  | 117,603 |  |  | 117,451 |
Basic loss per share |  |  |  |  | $ | (0.00) |  |  | $ | (0.08) |
Diluted loss per share |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to Albemarle Corporation |  |  |  |  | $ | 41,348 |  |  | $ | 2,448 |
Mandatory convertible preferred stock dividends |  |  |  |  | (41,688) |  |  | (11,584) |
Net loss attributable to Albemarle Corporation common shareholders |  |  |  |  | $ | (340) |  |  | $ | (9,136) |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares for diluted loss per share |  |  |  |  | 117,603 |  |  | 117,451 |
Diluted loss per share |  |  |  |  | $ | (0.00) |  |  | $ | (0.08) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | 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 March 31,
|  |  |  |  | 2025 |  | 2024
Shares assuming the conversion of the mandatory convertible preferred stock |  |  |  |  | 21,022 |  |  | 6,271 |
Shares under the stock compensation plans |  |  |  |  | 1,161 |  |  | 896 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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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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