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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Schedule of Business Acquisition Assets Acquired and Liabilities Assumed | The purchase price of the acquisition has been allocated among assets acquired and liabilities assumed at fair value, with the excess purchase price recorded as goodwill. Our purchase price allocation is as follows (amounts in thousands):
Accounts receivable – trade |  | $ | 7,732 |
Contracts in progress |  | 51 |
Inventories |  | 2,113 |
Other current assets |  | 97 |
Property, plant and equipment |  | 12,948 |
Goodwill |  | 62,495 |
Deferred Income Taxes |  | 3,006 |
Intangible assets |  | 139,257 |
Total assets acquired |  | $ | 227,699 |
Accounts payable |  | $ | 654 |
Accrued employee benefits |  | 579 |
Accrued liabilities – other |  | 1,665 |
Environmental liabilities |  | 2,062 |
Pension liability |  | 9,746 |
Total liabilities assumed |  | $ | 14,706 |
Net assets acquired |  | $ | 212,993 |
Amount of tax deductible goodwill |  | $ | 53,693 |
Schedule of Preliminary Intangible Assets Acquired | The intangible assets included above consist of the following (dollar amounts in thousands):
|  | Amount |  | Amortization Period
Technical support agreement |  | $ | 67,500 |  |  | 23 years
Unpatented technology |  | $ | 33,000 |  |  | 23 years
Favorable operating leases |  | $ | 28,157 |  |  | 13-30 years
Customer relationship |  | $ | 10,600 |  |  | 23 years
Schedule of Unaudited Pro Forma Financial Information | This information is presented for comparative purposes only and should not be taken as representative of our future consolidated results of operations.
|  | Year Ended December 31,
|  | 2018 |  | 2017
|  | (In thousands, except per share amounts)
Revenues |  | $ | 1,825,029 |  |  | $ | 1,726,135 |
Net Income Attributable to BWX Technologies, Inc. |  | $ | 228,545 |  |  | $ | 143,475 |
Basic Earnings per Common Share |  | $ | 2.31 |  |  | $ | 1.44 |
Diluted Earnings per Common Share |  | $ | 2.29 |  |  | $ | 1.43 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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