XML 27 R44.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 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Earnings Per Share Disclosure [Line Items]        
Income from continuing operations less noncontrolling interests $ 52,739 $ 63,718 $ 112,000 $ 132,476
Income from discontinued operations, net of tax   3,610 3,497 5,272
Net income attributable to McDermott International, Inc. $ 52,739 $ 67,328 $ 115,497 $ 137,748
Weighted average common shares (basic) 235,681,213 234,573,031 235,444,733 234,207,053
Effect of dilutive securities:        
Stock options, restricted stock and restricted stock units 1,779,552 [1] 2,971,643 [1] 1,951,964 [1] 2,938,073 [1]
Adjusted weighted average common shares and assumed exercises of stock options and vesting of stock awards (diluted) 237,460,765 237,544,674 237,396,697 237,145,126
Basic earnings per share:        
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 earnings per share:        
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
[1] Approximately 1.8 million and 3.6 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 and six-month periods ended June 30, 2012, respectively. Approximately 0.4 million shares underlying outstanding stock-based awards were excluded from the computation of diluted earnings per share for each of the three-month and six-month periods ended June 30, 2011.