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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 8—EARNINGS PER SHARE

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

 

     Three Months Ended
March 31,		  
     2014     2013  
     (Unaudited)  
    

(In thousands, except share and

per share amounts)

  

Income from operations less noncontrolling interests

    $ (49,953 )    $ 20,553   
  

 

 

    

 

 

  

Net income attributable to McDermott International, Inc.

    $ (49,953 )    $ 20,553   
  

 

 

    

 

 

  

Weighted average common shares (basic)

      236,961,158        235,941,185   

Effect of dilutive securities:

     

Stock options, restricted stock and restricted stock units(1)

      —         3,258,696   
  

 

 

    

 

 

  

Adjusted weighted average common shares and assumed exercises of stock options and vesting of stock awards (diluted)

      236,961,158        239,199,881   
  

 

 

    

 

 

  

Basic earnings per share:

     

Income (loss) from operations less noncontrolling interests

      (0.21 )      0.09   

Net income (loss) attributable to McDermott International, Inc.

      (0.21 )      0.09   

Diluted earnings per share:

     

Income (loss) from operations less noncontrolling interests

      (0.21 )      0.09   

Net income (loss) attributable to McDermott International, Inc

      (021 )      0.09   

 

(1) Approximately 3.0 million and 2.9 million shares underlying outstanding stock-based awards were excluded from the computation of diluted earnings per share because they were antidilutive for the three months ended March 31, 2014 and 2013, respectively.