Basis of Presentation and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2014

The components of accumulated other comprehensive income included in stockholders’ equity are as follows:


	June 30,			December 31,
	2014			2013
	(In thousands)
Currency translation adjustments	$	31,277		$	38,415
Net unrealized gain on investments		207			130
Net unrealized gain on derivative financial instruments		438			627
Unrecognized prior service cost on benefit obligations		(10,030	)		(10,824	)

Accumulated other comprehensive income	$	21,892		$	28,348

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income

The amounts reclassified out of accumulated other comprehensive income by component and the affected condensed consolidated statements of income line items are as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Accumulated Other Comprehensive Income Component Recognized	(In thousands)												Line Item Presented
Realized (losses) gains on derivative financial instruments	$	(240	)	$	(621	)	$	(77	)	$	(1,152	)	Revenues
		1,153			(1,117	)		127			(2,006	)	Cost of operations
		—			101			10			116		Other-net

	$	913			(1,637	)	$	60			(3,042	)	Total before tax
		(234	)		395			(13	)		753		Provision for Income Taxes

	$	679		$	(1,242	)	$	47		$	(2,289	)	Net Income

Amortization of prior service cost on benefit obligations	$	(509	)	$	(660	)	$	(1,018	)	$	(1,411	)	Cost of operations
		(86	)		(50	)		(171	)		(100	)	Selling, general and administrative expenses

		(595	)		(710	)		(1,189	)		(1,511	)	Total before tax
		198			245			395			518		Provision for Income Taxes

	$	(397	)	$	(465	)	$	(794	)	$	(993	)	Net Income

Realized gain on investments	$	7		$	10		$	41		$	724		Other-net
		(3	)		(3	)		(15	)		(3	)	Provision for Income Taxes

	$	4		$	7		$	26		$	721		Net Income

Total reclassification for the period	$	286		$	(1,700	)	$	(721	)	$	(2,561	)

Inventories

The components of inventories are as follows:


	June 30,		December 31,
	2014		2013
	(In thousands)
Raw materials and supplies	$	82,485	$	85,455
Work in progress		9,986		10,872
Finished goods		20,500		16,731

Total inventories	$	112,971	$	113,058

Changes in Carrying Amount of Goodwill

The following summarizes the changes in the carrying amount of goodwill:


	Power Generation			Nuclear Operations		Technical Services		Nuclear Energy		Total
	(In thousands)

Balance at December 31, 2013	$	104,630		$	118,103	$	45,000	$	13,975	$	281,708
Acquisition of MEGTEC (Note 2)		115,314			—		—		—		115,314
Foreign currency translation adjustments and other		(193	)		—		—		—		(193	)

Balance at June 30, 2014	$	219,751		$	118,103	$	45,000	$	13,975	$	396,829

Summary of Changes in Carrying Amount of Accrued Warranty Expense

The following summarizes the changes in the carrying amount of our accrued warranty expense:


	Six Months Ended June 30,
	2014			2013
	(In thousands)
Balance at beginning of period	$	56,436		$	83,682
Additions		5,463			11,423
Acquisition of MEGTEC		4,693			—
Expirations and other changes		(3,204	)		(8,038	)
Payments		(4,568	)		(11,659	)
Translation and other		5			(921	)

Balance at end of period	$	58,825		$	74,487