XML 34 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Computation of Basic and Diluted Earnings Per Common Share (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Basic:    
Income from continuing operations less noncontrolling interests $ 59,261 $ 68,758
Income from discontinued operations, net of tax 3,497 1,662
Net Income Attributable to McDermott International, Inc. $ 62,758 $ 70,420
Diluted:    
Weighted average common shares (basic) 235,208,252 233,841,075
Effect of dilutive securities:    
Stock options, restricted stock and restricted stock units 2,124,375 [1] 2,904,503 [1]
Adjusted weighted average common shares and assumed exercises of stock options and vesting of stock awards (diluted) 237,332,627 236,745,578
Basic earnings per share:    
Income from continuing operations less noncontrolling interests $ 0.25 $ 0.29
Income from discontinued operations, net of tax $ 0.01 $ 0.01
Net income attributable to McDermott International, Inc. $ 0.27 $ 0.30
Diluted earnings per share:    
Income from continuing operations less noncontrolling interests $ 0.25 $ 0.29
Income from discontinued operations, net of tax $ 0.01 $ 0.01
Net income attributable to McDermott International, Inc. $ 0.26 $ 0.30
[1] Approximately 1.8 million and 0.4 million shares underlying outstanding stock-based awards were excluded from the computation of diluted earnings per share because they were antidilutive for the three-month periods ended March 31, 2012 and 2011, respectively.