EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(In thousands, except share and per share amounts)
Net income attributable to McDermott International, Inc.	$	16,108	$	3,666	$	34,593	$	685
Weighted average common shares (basic)		240,899,888		238,594,178		240,093,169		238,128,962
Effect of dilutive securities:
Tangible equity units		40,896,300		40,896,300		40,896,300		40,896,300
Stock options, restricted stock and restricted stock units		2,111,165		1,306,677		2,143,451		-
Adjusted weighted average common shares and assumed exercises of stock options and vesting of stock awards (diluted)		283,907,353		280,797,155		283,132,920		279,025,262
Net income per share
Net income attributable to McDermott International, Inc.
Basic:	$	0.07	$	0.02	$	0.14	$	-
Diluted:	$	0.06	$	0.01	$	0.12	$	-