EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2012

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Year Ended December 31,
	2012		2011			2010
	(In thousands, except shares and per share amounts)
Income from continuing operations less noncontrolling interest	$	203,156	$	151,542		$	236,566
Income (loss) from discontinued operations, net of tax		3,497		(12,812	)		(34,900	)
Net income attributable to McDermott International, Inc.	$	206,653	$	138,730		$	201,666
Weighted average common shares (basic)		235,638,422		234,598,901			232,173,362
Effect of dilutive securities: Stock options, restricted stock and performance shares		1,981,266		2,441,606			3,448,667
Adjusted weighted average common shares (diluted)		237,619,688		237,040,507			235,622,029
Basic earnings per common share:
Income from continuing operations less noncontrolling interest		0.86		0.65			1.02
Income (loss) from discontinued operations, net of tax		0.01		(0.05	)		(0.15	)
Net income attributable to McDermott International, Inc.		0.88		0.59			0.87
Diluted earnings per common share:
Income from continuing operations less noncontrolling interest		0.86		0.64			1.00
Income (loss) from discontinued operations, net of tax		0.01		(0.05	)		(0.15	)
Net income attributable to McDermott International, Inc.		0.87		0.59			0.85