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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 215,918 $ 346,116
Restricted cash and cash equivalents 39,660 45,945
Investments 4,249 10,748
Accounts receivable - trade, net 381,761 360,323
Accounts receivable - other 64,325 45,480
Contracts in progress 341,019 370,820
Inventories 112,971 113,058
Deferred income taxes 99,123 97,170
Other current assets 70,645 47,764
Total Current Assets 1,329,671 1,437,424
Property, Plant and Equipment 1,178,357 1,126,683
Less accumulated depreciation 708,789 679,604
Net Property, Plant and Equipment 469,568 447,079
Investments 4,503 4,426
Goodwill 396,829 281,708
Deferred Income Taxes 96,811 127,076
Investments in Unconsolidated Affiliates 158,927 184,831
Intangible Assets 119,852 81,521
Other Assets 49,892 45,088
TOTAL 2,626,053 2,609,153
LIABILITIES AND STOCKHOLDERS' EQUITY    
Notes payable and current maturities of long-term debt 7,447 4,671
Accounts payable 199,860 319,774
Accrued employee benefits 98,135 163,833
Accrued liabilities - other 79,164 58,192
Advance billings on contracts 244,257 317,771
Accrued warranty expense 58,825 56,436
Income taxes payable 8,000 6,551
Total Current Liabilities 695,688 927,228
Long-Term Debt 260,050 225
Accumulated Postretirement Benefit Obligation 47,411 43,194
Environmental Liabilities 55,342 53,391
Pension Liability 376,159 336,878
Other Liabilities 54,408 65,296
Commitments and Contingencies (Note 6)      
Stockholders' Equity:    
Common stock, par value $0.01 per share, authorized 325,000,000 shares; issued 121,287,860 and 120,536,910 shares at June 30, 2014 and December 31, 2013, respectively 1,213 1,205
Preferred stock, par value $0.01 per share, authorized 75,000,000 shares; No shares issued 0 0
Capital in excess of par value 764,668 747,189
Retained earnings 706,162 656,916
Treasury stock at cost, 13,728,384 and 10,068,731 shares at June 30, 2014 and December 31, 2013, respectively (373,776) (268,971)
Accumulated other comprehensive income 21,892 28,348
Stockholders' Equity - The Babcock & Wilcox Company 1,120,159 1,164,687
Noncontrolling interest 16,836 18,254
Total Stockholders' Equity 1,136,995 1,182,941
TOTAL $ 2,626,053 $ 2,609,153