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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2016
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 March 31,

 

 

 

2016

 

 

2015

 

 

 

(In thousands, except share and per share amounts)

 

Net loss attributable to McDermott International, Inc.

 

$

(2,172

)

 

$

(14,507

)

 

 

 

 

 

 

 

 

 

Weighted average common shares (basic)

 

 

239,137,912

 

 

 

237,504,719

 

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)

 

 

239,137,912

 

 

 

237,504,719

 

 

 

 

 

 

 

 

 

 

Loss per share

 

 

 

 

 

 

 

 

Net loss attributable to McDermott International, Inc.

 

 

 

 

 

 

 

 

Basic:

 

 

(0.01

)

 

 

(0.06

)

Diluted:

 

 

(0.01

)

 

 

(0.06

)