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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2017
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,

 

 

 

2017

 

 

2016

 

 

 

(In thousands, except share and per share amounts)

 

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

 

$

21,916

 

 

$

(2,172

)

 

 

 

 

 

 

 

 

 

Weighted average common stock (basic)

 

 

241,829,988

 

 

 

239,137,912

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Tangible equity units

 

 

38,000,936

 

 

 

-

 

Stock options, restricted stock and restricted stock units

 

 

2,454,671

 

 

 

-

 

Potential dilutive common stock

 

 

282,285,595

 

 

 

239,137,912

 

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

 

 

 

 

 

 

 

 

Basic:

 

$

0.09

 

 

$

(0.01

)

Diluted:

 

$

0.08

 

 

$

(0.01

)