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Acquisitions (Tables)

12 Months Ended

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

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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X

- 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

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X

- 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

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