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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)

 

 

91,112,644

 

 

 

80,119,788

 

 

 

79,413,588

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Tangible equity units1

 

 

3,198,061

 

 

 

13,608,313

 

 

 

-

 

Stock options, restricted stock and restricted stock units

 

 

900,881

 

 

 

999,979

 

 

 

-

 

Potential dilutive common stock

 

 

95,211,586

 

 

 

94,728,080

 

 

 

79,413,588

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share attributable to McDermott

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

$

1.96

 

 

$

0.43

 

 

$

(0.23

)

Diluted:

 

$

1.88

 

 

$

0.36

 

 

$

(0.23

)

 

(1) Represents weighted average TEUs outstanding during 2017.