STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Income Loss [Line Items]

Changes in the Number of Ordinary Shares Outstanding and Treasury Shares Held by the Company

Common Stock―The changes in the number of ordinary shares outstanding and treasury shares held by McDermott are as follows:

	Year Ended December 31,
	2017			2016
Shares outstanding
Beginning balance		80,462,759			79,672,308
Common stock issued		14,559,708			1,101,603
Purchase of common stock		(346,860	)		(311,152	)
Ending balance		94,675,607			80,462,759
Shares held as Treasury shares
Beginning balance		2,767,335			2,608,068
Purchase of common stock		346,860			311,152
Retirement of common stock		(281,188	)		(151,885	)
Ending balance		2,833,007			2,767,335
Ordinary shares issued at the end of the period		97,508,614			83,230,094

Components of Accumulated Other Comprehensive Income (Loss) Included in Stockholders' Equity

The components of AOCI included in stockholders’ equity are as follows:

	December 31,
	2017			2016
	(In thousands)
Foreign currency translation adjustments ("CTA")	$	(49,025	)	$	(42,082	)
Net unrealized gain on investments		393			269
Net unrealized loss on derivative financial instruments		(1,816	)		(25,082	)
Accumulated other comprehensive loss	$	(50,448	)	$	(66,895	)

Reclassifications [Member]

Accumulated Other Comprehensive Income Loss [Line Items]

Components of Accumulated Other Comprehensive Income (Loss) Included in Stockholders' Equity

The following table presents the components of AOCI and the amounts that were reclassified during 2017, 2016 and 2015:

	Foreign currency translation adjustments				Unrealized holding gain (loss) on investments		Gain (loss) on derivative (1)				TOTAL
	(In thousands)
Balance, January 1, 2015	$	(15,212	)		$	241	$	(82,837	)		$	(97,808	)
Other comprehensive income (loss) before reclassification		(12,470	)			6		(57,459	)			(69,923	)
Amounts reclassified from AOCI		(2,243	)			-		76,019		(2)		73,776
Net current period other comprehensive income (loss)		(14,713	)			6		18,560				3,853
Balance, December 31, 2015		(29,925	)			247		(64,277	)			(93,955	)
Other comprehensive income (loss) before reclassification		(12,157	)			22		4,004				(8,131	)
Amounts reclassified from AOCI		-				-		35,191		(2)		35,191
Net current period other comprehensive income (loss)		(12,157	)			22		39,195				27,060
Balance, December 31, 2016		(42,082	)			269		(25,082	)			(66,895	)
Other comprehensive income before reclassification		(1,010	)			124		15,501				14,615
Acquisition of NCI		-				-		2,284				2,284
Amounts reclassified from AOCI		(5,933	)	(3)		-		5,481		(2)		(452	)
Net current period other comprehensive income		(6,943	)			124		23,266				16,447
Balance at December 31, 2017	$	(49,025	)		$	393	$	(1,816	)		$	(50,448	)

⁽¹⁾ Refer to Note 14, Derivative Financial Instruments, for additional details

⁽²⁾ Reclassified to Cost of operations and Other non-operating income (expense), net

⁽³⁾ Release of CTA to Other non-operating income (expense), net, on liquidation of certain foreign entities