Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Summary of Purchase Price Allocation Including Finalization of Asset Valuations

Our preliminary purchase price allocation, as follows, is subject to change upon receipt of additional information and completion of further analysis, including, but not limited to, finalization of long-lived and intangible asset valuations:

	MEGTEC
	(in thousands)
Unrestricted cash	$	14,232
Accounts receivable	$	23,459
Inventories	$	5,528
Other current assets	$	9,069
Property, plant and equipment	$	5,090
Goodwill	$	115,314
Intangible assets	$	42,000
Total assets acquired	$	214,692
Accounts payable	$	13,402
Advance billings on contracts	$	9,144
Other current liabilities	$	17,477
Pension liability	$	5,041
Deferred income taxes	$	12,137
Other liabilities	$	1,085
Total liabilities assumed	$	58,286
Net assets acquired	$	156,406
Unrestricted cash acquired	$	14,232
Net assets acquired, net of unrestricted cash acquired	$	142,174
Amount of tax deductible goodwill	$	—

Summary of Intangible Assets Acquired

The intangible assets included above consist of the following (dollar amounts in thousands):

	Amount		Amortization Period
Customer relationships	$	20,000	7 years
Backlog	$	9,500	1 year
Trade names / trademarks	$	6,000	15 years
Developed technology	$	6,500	10 years

Summary of Unaudited Pro Forma Financial Information

the following unaudited pro forma financial information presents our results of operations for the three and six months ended June 30, 2014 and 2013 had the acquisition of MEGTEC occurred on January 1, 2013. 

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Revenues	$	772,972	$	933,793	$	1,428,355	$	1,768,672
Net Income Attributable to The Babcock & Wilcox Company	$	28,780	$	74,139	$	74,530	$	119,313
Basic Earnings per Common Share	$	0.26	$	0.66	$	0.68	$	1.06
Diluted Earnings per Common Share	$	0.26	$	0.66	$	0.67	$	1.05