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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) The following tables set forth selected unaudited quarterly financial information for the years ended December 31, 2022 and 2021:
|  | Year Ended December 31, 2022 Quarter Ended
|  | March 31, 2022 |  | June 30, 2022 |  | September 30, 2022 |  | December 31, 2022
|  | (In thousands, except per share amounts)
Revenues |  | $ | 530,738 |  |  | $ | 554,208 |  |  | $ | 523,711 |  |  | $ | 624,177 |
Operating income (1) |  | $ | 71,573 |  |  | $ | 95,237 |  |  | $ | 79,878 |  |  | $ | 101,883 |
Equity in income of investees |  | $ | 8,779 |  |  | $ | 11,319 |  |  | $ | 14,783 |  |  | $ | 11,092 |
Net Income Attributable to BWX Technologies, Inc. |  | $ | 59,010 |  |  | $ | 74,613 |  |  | $ | 61,603 |  |  | $ | 42,965 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Net Income Attributable to BWX Technologies, Inc. |  | $ | 0.64 |  |  | $ | 0.82 |  |  | $ | 0.67 |  |  | $ | 0.47 |
Diluted: |  |  |  |  |  |  |  |
Net Income Attributable to BWX Technologies, Inc. |  | $ | 0.64 |  |  | $ | 0.82 |  |  | $ | 0.67 |  |  | $ | 0.47 |
(1)Includes equity in income of investees.
|  | Year Ended December 31, 2021 Quarter Ended
|  | March 31, 2021 |  | June 30, 2021 |  | September 30, 2021 |  | December 31, 2021
|  | (In thousands, except per share amounts)
Revenues |  | $ | 528,273 |  |  | $ | 505,099 |  |  | $ | 498,727 |  |  | $ | 591,975 |
Operating income (1) |  | $ | 82,414 |  |  | $ | 73,751 |  |  | $ | 87,468 |  |  | $ | 102,215 |
Equity in income of investees |  | $ | 8,316 |  |  | $ | 7,263 |  |  | $ | 10,618 |  |  | $ | 7,301 |
Net Income Attributable to BWX Technologies, Inc. |  | $ | 69,749 |  |  | $ | 59,347 |  |  | $ | 59,914 |  |  | $ | 116,861 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Net Income Attributable to BWX Technologies, Inc. |  | $ | 0.73 |  |  | $ | 0.62 |  |  | $ | 0.64 |  |  | $ | 1.27 |
Diluted: |  |  |  |  |  |  |  |
Net Income Attributable to BWX Technologies, Inc. |  | $ | 0.73 |  |  | $ | 0.62 |  |  | $ | 0.63 |  |  | $ | 1.26 |
(1)Includes equity in income of investees. In the quarter ended June 30, 2022, we recognized an unfavorable contract adjustment of $11.3 million related to the manufacture of non-nuclear components. In the quarter ended September 30, 2021, we recognized an early redemption premium of $10.8 million and wrote-off deferred debt issuance costs totaling $4.2 million. 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, 2022 and 2021, the effects of these adjustments on pre-tax income were $(46.6) million and $39.6 million, respectively.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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