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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

 

 

(In thousands, except share and per share amounts)

 

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

 

$

11,526

 

 

$

(7,397

)

 

$

(2,981

)

 

$

(53,917

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares (basic)

 

 

238,332,012

 

 

 

237,395,580

 

 

 

237,918,366

 

 

 

237,178,369

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tangible equity units

 

 

40,896,300

 

 

 

-

 

 

 

-

 

 

 

-

 

Stock options, restricted stock and restricted stock units

 

 

10,461,669

 

 

 

-

 

 

 

-

 

 

 

-

 

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

 

 

289,689,981

 

 

 

237,395,580

 

 

 

237,918,366

 

 

 

237,178,369

 

Basic loss per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

0.05

 

 

$

(0.03

)

 

$

(0.01

)

 

$

(0.23

)

Diluted loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

0.04

 

 

$

(0.03

)

 

$

(0.01

)

 

$

(0.23

)