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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Revenues [1] $ 706,627 $ 1,046,537 $ 1,435,659 $ 1,597,000
Costs and Expenses:        
Cost of operations 595,442 925,522 1,211,475 1,400,981
Selling, general and administrative expenses 52,075 47,793 90,403 99,469
Impairment loss   6,808 32,311 6,808
Loss (gain) on asset disposals (362) 1,910 (362) 1,543
Restructuring expenses 2,484 15,391 8,851 25,780
Total costs and expenses 649,639 997,424 1,342,678 1,534,581
Operating income [2] 56,988 49,113 92,981 62,419
Other income (expense):        
Interest expense, net (12,655) (12,985) (23,893) (25,164)
Gain (loss) on foreign currency, net (1,974) 1,943 (5,157) 475
Other expense, net (877) (359) (1,085) (456)
Total other expense (15,506) (11,401) (30,135) (25,145)
Income before provision for income taxes 41,482 37,712 62,846 37,274
Provision for income taxes 19,804 16,541 39,134 21,410
Income before income (loss) from investments in unconsolidated affiliates 21,678 21,171 23,712 15,864
Income (loss) from investments in unconsolidated affiliates 127 (7,481) (4,351) (14,222)
Net income 21,805 13,690 19,361 1,642
Less: Net income attributable to noncontrolling interest 1,148 2,164 876 4,623
Net income (loss) attributable to McDermott International, Inc. $ 20,657 $ 11,526 $ 18,485 $ (2,981)
Net income (loss) attributable to McDermott International, Inc.        
Basic: $ 0.09 $ 0.05 $ 0.08 $ (0.01)
Diluted: $ 0.07 $ 0.04 $ 0.07 $ (0.01)
Shares used in the computation of income (loss) per share:        
Basic: 240,338,540 238,332,012 239,739,204 237,918,366
Diluted: 284,909,414 289,689,981 283,132,238 237,918,366
[1] Intersegment transactions included in revenues were not significant for either of the periods presented.
[2] The AEA segment’s operating results for the six months ended June 30, 2016 include an impairment charge of $32 million related to the Agile vessel. The ASA segment’s operating results in the six months ended June 30, 2015 included a $4 million impairment charge for the DB 101 and $3 million of loss on disposal of this asset.