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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 889,248 [1] $ 849,801 [1] $ 1,616,926 [1] $ 1,749,041 [1]
Costs and Expenses:        
Cost of operations 759,704 703,805 1,357,138 1,451,030
Selling, general and administrative expenses 47,482 60,412 94,093 115,781
(Gain) loss on asset disposals 29 (71) (197) (296)
Total costs and expenses 807,215 764,146 1,451,034 1,566,515
Equity in Income (Loss) of Unconsolidated Affiliates (2,651) (1,876) (6,334) 1,551
Operating Income 79,382 83,779 159,558 184,077
Other Income (Expense):        
Interest income 1,585 292 3,219 741
Interest expense   (263)   (263)
Gain (loss) on foreign currency-net 1,256 1,372 10,697 (2,860)
Other income (expense)-net 51 (117) (530) (1,288)
Total other income (expense) 2,892 1,284 13,386 (3,670)
Income from continuing operations before provision for income taxes and noncontrolling interests 82,274 85,063 172,944 180,407
Provision for Income Taxes 28,345 17,237 57,088 39,816
Income from continuing operations before noncontrolling interests 53,929 67,826 115,856 140,591
Gain on disposal of discontinued operations     257  
Income from discontinued operations, net of tax   3,610 3,240 5,272
Total income from discontinued operations, net of tax   3,610 3,497 5,272
Net Income 53,929 71,436 119,353 145,863
Less: Net Income Attributable to Noncontrolling Interests 1,190 4,108 3,856 8,115
Net income attributable to McDermott International, Inc. $ 52,739 $ 67,328 $ 115,497 $ 137,748
Basic:        
Income from continuing operations, less noncontrolling interests $ 0.22 $ 0.27 $ 0.48 $ 0.57
Income from discontinued operations, net of tax   $ 0.02 $ 0.01 $ 0.02
Net income attributable to McDermott International, Inc. $ 0.22 $ 0.29 $ 0.49 $ 0.59
Diluted:        
Income from continuing operations, less noncontrolling interests $ 0.22 $ 0.27 $ 0.47 $ 0.56
Income from discontinued operations, net of tax   $ 0.02 $ 0.01 $ 0.02
Net income attributable to McDermott International, Inc. $ 0.22 $ 0.28 $ 0.49 $ 0.58
Shares used in the computation of earnings per share:        
Basic 235,681,213 234,573,031 235,444,733 234,207,053
Diluted 237,460,765 237,544,674 237,396,697 237,145,126
[1] Intersegment transactions included in revenues were not significant for the periods presented.