Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

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:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
	(In thousands, except share and per share amounts)
Basic:
Net income attributable to The Babcock & Wilcox Company	$	26,437	$	72,870	$	71,481	$	120,044
Weighted average common shares		109,766,237		111,898,819		110,102,826		112,998,066
Basic earnings per common share	$	0.24	$	0.65	$	0.65	$	1.06
Diluted:
Net income attributable to The Babcock & Wilcox Company	$	26,437	$	72,870	$	71,481	$	120,044
Weighted average common shares (basic)		109,766,237		111,898,819		110,102,826		112,998,066
Effect of dilutive securities:
Stock options, restricted stock and performance shares(1)		350,393		763,744		398,511		701,793
Adjusted weighted average common shares		110,116,630		112,662,563		110,501,337		113,699,859
Diluted earnings per common share	$	0.24	$	0.65	$	0.65	$	1.06

(1) At June 30, 2014 and 2013, we have excluded from our diluted share calculation 1,373,087 and 1,648,719 shares, respectively, related to stock options, as their effect would have been antidilutive.