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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Operating Results by Segment

An analysis of our operations by reportable segment is as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
						2025						2024						2025						2024
						(In thousands)
REVENUES:
Government Operations						$	588,959					$	540,846					$	1,144,246					$	1,027,967
Commercial Operations						176,139						141,491						304,449						258,529
Eliminations						(1,059)						(872)						(2,398)						(1,065)
						$	764,039					$	681,465					$	1,446,297					$	1,285,431
SEGMENT EXPENSES:
Government Operations
Research and Development Costs						$	1,924					$	1,156					$	3,375					$	2,603
(Gains) Losses on Asset Disposals and Impairments, Net						—						(2)						(4,431)						$	(2)
Other Segment Expenses (1)						495,979						458,756						973,088						$	871,947
						497,903						459,910						$	972,032					$	874,548
Commercial Operations
Research and Development Costs						2,641						115						3,203						$	158
(Gains) Losses on Asset Disposals and Impairments, Net						13						(2)						13						$	(2)
Other Segment Expenses (1)						166,792						124,749						288,074						$	233,154
						169,446						124,862						291,290						$	233,310
Total Segment Expenses						$	667,349					$	584,772					$	1,263,322					$	1,107,858
OPERATING INCOME
Government Operations						$	109,417					$	92,520					$	207,163					$	178,206
Commercial Operations						6,877						16,628						13,342						25,219
						116,294						109,148						$	220,505					$	203,425
Unallocated Corporate (2)						(13,870)						(10,342)						(21,451)						(11,658)
Total Operating Income (3)						$	102,424					$	98,806					$	199,054					$	191,767
Other Income (Expense)						(4,665)						(7,177)						(9,478)						(11,761)
Income before Provision for Income Taxes						$	97,759					$	91,629					$	189,576					$	180,006

(1)Other segment expenses include the total cost of operations and selling, general, and administrative expenses.

(2)Unallocated Corporate includes general corporate overhead not allocated to segments in addition to losses on asset disposals and impairments, net.

(3)The following amounts are included in Operating Income:

Equity in Income of Investees:
Government Operations						$	18,362					$	11,584					$	34,950					$	24,787
Commercial Operations						183						—						183						—
						$	18,545					$	11,584					$	35,133					$	24,787

						Three Months Ended June 30,												Six Months Ended June 30,
						2025						2024						2025						2024
						(In thousands)												(In thousands)
CAPITAL EXPENDITURES:
Government Operations						$	15,770					$	14,378					$	34,270					$	30,584
Commercial Operations						16,701						13,555						$	29,910					$	29,080
Segment Capital Expenditures						$	32,471					$	27,933					$	64,180					$	59,664
Corporate Capital Expenditures						258						(173)						$	1,918					$	1,162
Total Capital Expenditures						$	32,729					$	27,760					$	66,098					$	60,826
DEPRECIATION AND AMORTIZATION:
Government Operations						$	19,222					$	15,430					$	37,318					$	29,664
Commercial Operations						6,243						4,397						$	10,262					$	8,841
Segment Depreciation and Amortization						$	25,465					$	19,827					$	47,580					$	38,505
Corporate Depreciation and Amortization						1,794						1,781						$	3,591					$	3,655
Total Depreciation and Amortization						$	27,259					$	21,608					$	51,171					$	42,160

Revenue from External Customers by Products and Services

Information about our Product and Service Lines:

						Three Months Ended June 30,												Six Months Ended June 30,
						2025						2024						2025						2024
						(In thousands)												(In thousands)
REVENUES:
Government Operations:
Nuclear Components and Fuel						$	428,552					$	422,023					$	869,631					$	796,278
Uranium Processing and Nuclear Services						121,690						67,215						$	204,855					$	133,628
Advanced Reactor Design and Engineering						38,717						51,608						$	69,760					$	98,061
						$	588,959					$	540,846					$	1,144,246					$	1,027,967
Commercial Operations:
Nuclear Manufacturing						$	104,775					$	70,591					$	190,985					$	131,529
Nuclear Services and Engineering						71,364						70,900						$	113,464					$	127,000
						$	176,139					$	141,491					$	304,449					$	258,529
Eliminations						(1,059)						(872)						(2,398)						(1,065)
						$	764,039					$	681,465					$	1,446,297					$	1,285,431

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

Information about our Consolidated Operations in Different Geographic Areas:

						June 30, 2025						December 31, 2024
						(In thousands)
NET PROPERTY, PLANT AND EQUIPMENT:
United States						$	835,486					$	813,352
Canada						690,443						462,593
All Other Countries						11,842						2,216
						$	1,537,771					$	1,278,161

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
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