EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

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.