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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 504,520 $ 471,231 $ 1,046,728 $ 887,685
Costs and Expenses:        
Cost of operations 367,534 338,023 759,977 641,658
Research and development costs 4,029 5,332 8,632 10,506
Losses on asset disposals and impairments, net 299 151 299 151
Selling, general and administrative expenses 55,137 54,052 108,095 105,735
Total Costs and Expenses 426,999 397,558 877,003 758,050
Equity in Income of Investees 4,913 6,862 10,976 14,544
Operating Income 82,434 80,535 180,701 144,179
Other Income (Expense):        
Interest income 61 137 292 552
Interest expense (7,865) (9,542) (15,832) (18,245)
Other – net 9,450 6,604 17,367 14,125
Total Other Income (Expense) 1,646 (2,801) 1,827 (3,568)
Income before Provision for Income Taxes 84,080 77,734 182,528 140,611
Provision for Income Taxes 19,684 18,734 42,512 32,501
Net Income 64,396 59,000 140,016 108,110
Net Income Attributable to Noncontrolling Interest (138) (122) (259) (254)
Net Income Attributable to BWX Technologies, Inc. $ 64,258 $ 58,878 $ 139,757 $ 107,856
Basic:        
Net Income Attributable to BWX Technologies, Inc. (in usd per share) $ 0.67 $ 0.62 $ 1.46 $ 1.13
Diluted:        
Net Income Attributable to BWX Technologies, Inc. (in usd per share) $ 0.67 $ 0.62 $ 1.46 $ 1.13
Shares used in the computation of earnings per share (Note 10):        
Basic (in shares) 95,457,629 95,357,311 95,434,990 95,306,210
Diluted (in shares) 95,633,571 95,677,204 95,694,972 95,749,280