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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 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 share:

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

(In thousands, except share and per share amounts)

 

Net income (loss) attributable to McDermott

 

$

178,546

 

 

$

34,117

 

 

$

(17,983

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock (basic)

 

 

273,337,931

 

 

 

240,359,363

 

 

 

238,240,763

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Tangible equity units1

 

 

9,594,183

 

 

 

40,824,938

 

 

 

-

 

Stock options, restricted stock and restricted stock units

 

 

2,702,643

 

 

 

2,999,938

 

 

 

-

 

Potential dilutive common stock

 

 

285,634,757

 

 

 

284,184,239

 

 

 

238,240,763

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share attributable to McDermott

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

$

0.65

 

 

$

0.14

 

 

$

(0.08

)

Diluted:

 

$

0.63

 

 

$

0.12

 

 

$

(0.08

)