XML 13 R50.htm IDEA: XBRL DOCUMENT v2.3.0.15
Computation of Basic and Diluted Earnings Per Common Share (Detail) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Basic:    
Income from continuing operations less noncontrolling interests$ 9,764$ 60,833$ 142,240$ 191,086
Income (loss) from discontinued operations, net of tax1,187(40,030)6,459(34,308)
Net income attributable to McDermott International, Inc.10,95120,803148,699156,778
Weighted average common shares234,940,184232,670,579234,451,430231,780,675
Income from continuing operations less noncontrolling interests$ 0.04$ 0.26$ 0.61$ 0.82
Income (loss) from discontinued operations, net of tax$ 0.01$ (0.17)$ 0.03$ (0.15)
Net income attributable to McDermott International, Inc.$ 0.05$ 0.09$ 0.63$ 0.67
Diluted:    
Income from continuing operations less noncontrolling interests9,76460,833142,240191,086
Income (loss) from discontinued operations, net of tax1,187(40,030)6,459(34,308)
Net income attributable to McDermott International, Inc.$ 10,951$ 20,803$ 148,699$ 156,778
Weighted average common shares (basic)234,940,184232,670,579234,451,430231,780,675
Effect of dilutive securities:    
Stock options, restricted stock and restricted stock units2,007,479[1]3,600,832[1]2,627,875[1]3,368,656[1]
Adjusted weighted average common shares and assumed exercises of stock options and vesting of stock awards236,947,663236,271,411237,079,305235,149,331
Income from continuing operations less noncontrolling interests$ 0.04$ 0.26$ 0.60$ 0.81
Income (loss) from discontinued operations, net of tax$ 0.01$ (0.17)$ 0.03$ (0.14)
Net income attributable to McDermott International, Inc.$ 0.05$ 0.09$ 0.63$ 0.67
[1]Approximately 0.6 million and 1.7 million and 0.5 million and 2.5 million shares underlying outstanding stock-based awards for the three-month and nine-month periods ended September 30, 2011 and 2010, respectively, were excluded from the computation of diluted earnings per share because they were antidilutive.