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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 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 share:

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

(In thousands, except share and per share amounts)

 

Net loss attributable to McDermott International, Inc.

 

$

(17,983

)

 

$

(75,994

)

 

$

(508,868

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares (basic)

 

 

238,240,763

 

 

 

237,229,086

 

 

 

236,514,584

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Tangible equity units

 

 

-

 

 

 

-

 

 

 

-

 

Stock options, restricted stock and restricted stock units

 

 

-

 

 

 

-

 

 

 

-

 

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

 

 

238,240,763

 

 

 

237,229,086

 

 

 

236,514,584

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to McDermott International, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

(0.08

)

 

 

(0.32

)

 

 

(2.15

)

Diluted:

 

 

(0.08

)

 

 

(0.32

)

 

 

(2.15

)