EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(In thousands, except share and per share amounts)
Net income attributable to McDermott International, Inc.	$	94,701	$	16,108	$	153,030	$	34,593
Weighted average common stock (basic)		283,991,161		240,899,888		269,720,153		240,093,169
Effect of dilutive securities:
Tangible equity units(1)		-		40,896,300		12,827,388		40,896,300
Stock options, restricted stock and restricted stock units		1,783,460		2,111,165		2,312,169		2,143,451
Potential dilutive common stock		285,774,621		283,907,353		284,859,710		283,132,920
Net income per share attributable to McDermott International, Inc.
Basic:	$	0.33	$	0.07	$	0.57	$	0.14
Diluted:	$	0.33	$	0.06	$	0.54	$	0.12

(1) Represents weighted average TEUs outstanding for the nine months periods ended September 30, 2017.