Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following tables set forth selected unaudited quarterly financial information for the years ended December 31, 2020 and 2019:


	Year Ended December 31, 2020 Quarter Ended
	March 31, 2020		June 30, 2020		September 30, 2020		December 31, 2020
	(In thousands, except per share amounts)
Revenues	$	542,208	$	504,520	$	519,878	$	556,910
Operating income (1)	$	98,267	$	82,434	$	88,770	$	89,081
Equity in income of investees	$	6,063	$	4,913	$	8,271	$	7,905
Net Income Attributable to BWX Technologies, Inc.	$	75,499	$	64,258	$	73,171	$	65,742
Earnings per common share:
Basic:
Net Income Attributable to BWX Technologies, Inc.	$	0.79	$	0.67	$	0.77	$	0.69
Diluted:
Net Income Attributable to BWX Technologies, Inc.	$	0.79	$	0.67	$	0.76	$	0.69

(1)Includes equity in income of investees.


	Year Ended December 31, 2019 Quarter Ended
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019
	(In thousands, except per share amounts)
Revenues	$	416,454	$	471,231	$	506,000	$	501,235
Operating income (1)	$	63,644	$	80,535	$	98,462	$	82,880
Equity in income of investees	$	7,682	$	6,862	$	7,874	$	6,506
Net Income Attributable to BWX Technologies, Inc.	$	48,978	$	58,878	$	74,810	$	61,449
Earnings per common share:
Basic:
Net Income Attributable to BWX Technologies, Inc.	$	0.51	$	0.62	$	0.78	$	0.64
Diluted:
Net Income Attributable to BWX Technologies, Inc.	$	0.51	$	0.62	$	0.78	$	0.64

(1)Includes equity in income of investees.

We immediately recognize actuarial gains (losses) for our pension and postretirement benefit plans in earnings as a component of net periodic benefit cost. Recorded in the quarters ended December 31, 2020 and 2019, the effects of these adjustments on pre-tax income were $(6.4) million and $(3.6) million, respectively.