Babcock & Wilcox Enterprises, I (BW) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 29, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	BW
Entity Registrant Name	BABCOCK & WILCOX ENTERPRISES, INC.
Entity Central Index Key	1,630,805
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		50,675,051

Condensed Consolidated and Comb

Condensed Consolidated and Combined Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenues	$ 404,116	$ 397,155
Costs and expenses:
Cost of operations	323,960	313,758
Research and development costs	(2,842)	4,518
Selling, general and administrative expenses	58,714	57,111
Restructuring activities and spin-off transaction costs	4,010	2,354
Total costs and expenses	389,526	377,741
Equity in income (loss) of investees	2,676	(2,071)
Operating income	17,266	17,343
Other income (expense):
Interest income	290	156
Interest expense	(399)	(140)
Other – net	62	(311)
Total other income (expense)	(47)	(295)
Income before income tax expense	17,219	17,048
Income tax expense	6,626	5,692
Income from continuing operations	10,593	11,356
Income from discontinued operations, net of tax	0	1,385
Net income	10,593	12,741
Net income attributable to noncontrolling interest	(86)	(52)
Net income attributable to shareholders	10,507	12,689
Amounts attributable to shareholders:
Income from continuing operations	10,507	11,304
Income from discontinued operations, net of tax	0	1,385
Net income attributable to shareholders	$ 10,507	$ 12,689
Basic earnings per common share:
Continuing operations (usd per share)	$ 0.20	$ 0.21
Discontinued operations (usd per share)	0	0.03
Basic earnings per common share (usd per share)	0.20	0.24
Diluted earnings per common share:
Continuing operations (usd per share)	0.20	0.21
Discontinued operations (usd per share)	0	0.03
Diluted earnings per common share (usd per share)	$ 0.20	$ 0.24
Shares used in the computation of earnings per share:
Basic (shares)	51,627	53,388
Diluted (shares)	52,221	53,573

Condensed Consolidated and Com3

Condensed Consolidated and Combined Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 10,593	$ 12,741
Other comprehensive income (loss):
Currency translation adjustments	1,740	(10,923)
Derivative financial instruments:
Unrealized gains (losses) on derivative financial instruments	3,210	(389)
Income taxes	(634)	174
Unrealized gains (losses) on derivative financial instruments, net of taxes	2,576	(215)
Derivative financial instrument (gains) losses reclassified into net income	(1,304)	2,599
Income taxes	301	(683)
Reclassification adjustment for (gains) losses included in net income, net of taxes	1,003	(1,916)
Benefit obligations:
Contracts in progress	158,045
Unrealized losses on benefit obligations	(61)	0
Income taxes	0	0
Total unrealized losses on benefit obligations, net of taxes	(61)	0
Amortization of benefit plan costs	(404)	114
Income taxes	(465)	43
Amortization of benefit plan costs, net of taxes	61	71
Investments:
Unrealized gains (losses) on investments	42	(1)
Income taxes	(24)	0
Unrealized gains (losses) on investments, net of taxes	18	(1)
Investment losses reclassified into net income	1	1
Income taxes	0	0
Reclassification adjustments for losses included in net income, net of taxes	(1)	(1)
Other comprehensive loss	3,332	(9,151)
Total comprehensive income	13,925	3,590
Comprehensive loss attributable to noncontrolling interest	(39)	(70)
Comprehensive income attributable to shareholders	$ 13,886	$ 3,520

Condensed Consolidated and Com4

Condensed Consolidated and Combined Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 286,817	$ 365,192
Restricted cash and cash equivalents	37,242	37,144
Accounts receivable – trade, net	272,931	291,242
Accounts receivable – other	50,160	44,765
Contracts in progress	158,045	128,174
Inventories	91,026	90,119
Other current assets	28,090	21,548
Total current assets	924,311	978,184
Property, plant and equipment - gross	335,311	330,021
Accumulated depreciation	(186,831)	(184,304)
Net property, plant and equipment	148,480	145,717
Goodwill	201,750	201,069
Deferred income taxes	187,707	190,656
Investments in unconsolidated affiliates	92,804	92,196
Intangible assets	36,734	37,844
Other assets	18,311	17,379
Total assets	1,610,097	1,663,045
Current liabilities:
Notes payable and current maturities of long-term debt	3,074	2,005
Accounts payable	164,316	175,170
Accrued employee benefits	40,241	51,476
Advance billings on contracts	213,098	229,390
Accrued warranty expense	42,232	39,847
Accrued liabilities – other	63,002	63,464
Total current liabilities	525,963	561,352
Accumulated postretirement benefit obligation	28,409	27,768
Pension liability	279,089	282,133
Other liabilities	45,658	43,365
TOTAL LIABILITIES	879,119	914,618
Stockholders' Equity:
Common stock, par value $0.01 per share, authorized 200,000 shares; issued 50,945 and 52,481 shares at March 31, 2016 and December 31, 2015, respectively	509	540
Capital in excess of par value	795,413	790,464
Treasury stock at cost, 3,213 and 1,376 shares at March 31, 2016 and December 31, 2015, respectively	61,692	25,408
Retained earnings	11,479	965
Accumulated other comprehensive income (loss)	(15,521)	(18,853)
Stockholders' equity – Babcock & Wilcox Enterprises, Inc.	730,188	747,708
Noncontrolling interest	790	719
TOTAL STOCKHOLDERS' EQUITY	730,978	748,427
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,610,097	$ 1,663,045

Condensed Consolidated and Com5

Condensed Consolidated and Combined Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	200,000,000	200,000,000
Common stock, shares issued (shares)	50,988,468	0
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	20,000,000	20,000,000
Preferred stock, shares issued (shares)	0	0
Treasury stock, shares (shares)	126,409

Condensed Consolidated and Com6

Condensed Consolidated and Combined Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 10,593	$ 12,741
Non-cash items included in net income:
Depreciation and amortization	6,293	11,592
(Income) loss of equity method investees, net of dividends	(2,676)	2,071
Deferred Income Tax Expense (Benefit)	35	4,289
Recognition of (gains) losses for pension and postretirement plans	(9)	100
Stock-based compensation charges and excess tax benefits	4,918	0
Changes in assets and liabilities:
Accounts receivable	17,493	18,274
Accounts payable	(16,024)	(21,579)
Contracts in progress and advance billings on contracts	(46,113)	33,196
Inventories	(998)	(604)
Income taxes	(400)	(6,073)
Accrued and other current liabilities	1,340	1,429
Pension, accrued postretirement and employee benefits	(14,977)	(6,993)
Other, net	2,581	3,989
Net cash from operating activities	(37,944)	52,432
CASH FLOWS FROM INVESTING ACTIVITIES:
Decrease (increase) in restricted cash and cash equivalents	(98)	2,215
Purchases of property, plant and equipment	(4,043)	(5,776)
Purchase of property, plant and equipment	275	0
Purchases of available-for-sale securities	(7,982)	(4,417)
Sales and maturities of available-for-sale securities	6,543	274
Proceeds from asset disposals	(305)	0
Net cash from investing activities	(6,160)	(7,704)
Cash flows from financing activities:
Increase in short-term borrowings	1,065	0
Net transfers to former Parent	0	(25,069)
Repurchase of shares of common stock	(36,284)	0
Other	(2)	(1)
Net cash from financing activities	(35,221)	(25,070)
Effects of exchange rate changes on cash	950	(6,919)
Cash flow from continuing operations	(78,375)	12,739
Cash flows from discontinued operations:
Operating cash flows from discontinued operations, net	0	(4,723)
Investing cash flows from discontinued operations, net	0	(111)
Net cash flows from discontinued operations	0	(4,834)
Net increase (decrease) in cash and equivalents	(78,375)	7,905
Cash and equivalents, beginning of period	365,192	218,659
Cash and equivalents, end of period	$ 286,817	$ 226,564

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE On June 30, 2015, 53,719,878 shares of our common stock were distributed to BWC shareholders to complete our spin-off transaction. The basic and diluted weighted average shares outstanding were based on the weighted average number of BWC common shares outstanding for the quarter ended March 31, 2015 , adjusted for a distribution ratio of one share of B&W common stock for every two shares of BWC common stock. The following table sets forth the computation of basic and diluted earnings per share of our common stock: Three Months Ended March 31, (In thousands, except per share amounts) 2016 2015 Income from continuing operations $ 10,507 $ 11,304 Income from discontinued operations, net of tax — 1,385 Net income attributable to Babcock & Wilcox Enterprises, Inc. $ 10,507 $ 12,689 Weighted average shares used to calculate basic earnings per share 51,627 53,388 Dilutive effect of stock options, restricted stock and performance shares 594 185 Weighted average shares used to calculate diluted earnings per share 52,221 53,573 Basic earnings per share: Continuing operations $ 0.20 $ 0.21 Discontinued operations — 0.03 Basic earnings per share $ 0.20 $ 0.24 Diluted earnings per share: Continuing operations $ 0.20 $ 0.21 Discontinued operations — 0.03 Diluted earnings per share $ 0.20 $ 0.24

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING Our operations are assessed based on three reportable segments: • Global Power: Design and supply new build steam generation equipment for fossil fuel and renewable fuel sources and utility-scale environmental systems. • Global Services: Comprehensive mix of services for utility and industrial steam generation and related environmental solutions that includes aftermarket parts and technical services, service projects including design and engineering, construction, and utility operations and maintenance. • Industrial Environment: Original equipment and related maintenance and aftermarket parts for industrial air pollution control systems and coating and drying equipment for a wide range of industries. An analysis of our operations by segment is as follows: Three Months Ended March 31, (In thousands) 2016 2015 Revenues: Global Power $ 130,483 $ 123,886 Global Services 241,167 232,174 Industrial Environmental 32,466 41,095 404,116 397,155 Gross profit: Global Power 24,370 20,428 Global Services 48,193 53,288 Industrial Environmental 7,593 9,681 80,156 83,397 Research and development costs (2,842 ) (4,518 ) Selling, general and administrative expenses (58,714 ) (57,111 ) Restructuring activities and spin-off transaction costs (4,010 ) (2,354 ) Equity in income (loss) of investees 2,676 (2,071 ) Operating income $ 17,266 $ 17,343

Restructuring Activities and Sp

Restructuring Activities and Spin Transaction Costs	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Spin Transaction Costs	Spin-off transaction costs In the quarter ended March 31, 2016 , we incurred $1.9 million of costs directly related to the spin-off from our former Parent. The costs were primarily attributable to employee retention awards. Costs associated with the spin-off that were incurred during the first quarter of 2015 were borne by our former Parent.

Provision for Income Taxes (Not

Provision for Income Taxes (Notes)	3 Months Ended
	Mar. 31, 2016
PROVISION FOR INCOME TAXES [Abstract]
Income Tax Disclosure [Text Block]	PROVISION FOR INCOME TAXES Our effective tax rate for the quarter ended March 31, 2016 was approximately 38.5% as compared to 33.4% for the quarter ended March 31, 2015 . Our effective tax rate for the quarter ended March 31, 2016 was higher than our statutory rate due to adjustments to deferred taxes for certain non-deductible spin-off related costs, offset by the jurisdictional mix of our income and losses. Our effective tax rate for the quarter ended March 31, 2015 was lower than our statutory rate primarily due to the jurisdictional mix of income and losses.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	DISCONTINUED OPERATIONS We distributed assets and liabilities totaling $47.8 million associated with the NE segment to BWC in conjunction with the spin-off. We received corporate allocations from our former Parent of $1.4 million during the quarter ended March 31, 2015 . Though these allocations relate to our discontinued NE segment, they are included as part of continuing operations because allocations are not eligible for inclusion in discontinued operations. The following table presents selected financial information regarding the results of operations of our former NE segment: (In thousands) Three Months Ended Revenues $ 22,687 Income before income tax expense 1,615 Income tax expense 230 Income from discontinued operations, net of tax $ 1,385

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
	Mar. 31, 2016
Schedule of Cash and Cash Equivalents [Table Text Block]	NOTE 10 – CASH AND CASH EQUIVALENTS The components of cash and cash equivalents are as follows: (In thousands) March 31, 2016 December 31, 2015 Foreign operations $ 210,770 $ 221,151 United States 76,046 144,041 Unrestricted cash and cash equivalents $ 286,817 $ 365,192 Reinsurance reserve requirements $ 32,353 $ 33,404 Restricted foreign accounts 4,889 3,740 Restricted cash and cash equivalents $ 37,242 $ 37,144

Inventories (Notes)

Inventories (Notes)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Text Block]	NOTE 11 – INVENTORIES The components of inventories are as follows: (In thousands) March 31, 2016 December 31, 2015 Raw materials and supplies $ 67,318 $ 68,684 Work in progress 5,180 7,025 Finished goods 18,528 14,410 Total inventories $ 91,026 $ 90,119

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The following table summarizes our financial assets and liabilities carried at fair value, all of which were valued using inputs based upon quoted prices for similar instruments in active markets (known as "Level 2" inputs in the fair value hierarchy established by the Financial Accounting Standards Board ("FASB") Topic Fair Value Measurements and Disclosures ). (in thousands) March 31, 2016 December 31, 2015 Available-for-sale securities Commercial paper $ 5,490 $ 3,996 Mutual funds 1,094 1,093 Total fair value of available-for-sale securities $ 6,584 $ 5,089 Derivatives Forward contracts outstanding to purchase or sell foreign currencies $ 4,032 $ 2,186 Available-for-sale securities We estimate the fair value of available-for-sale securities based on quoted market prices. Our investments in available-for-sale securities are presented in other assets on our condensed consolidated and combined balance sheets. Derivatives Derivative assets and liabilities currently consist of FX forward contracts. Where applicable, the value of these derivative assets and liabilities is computed by discounting the projected future cash flow amounts to present value using market-based observable inputs, including FX forward and spot rates, interest rates and counterparty performance risk adjustments. Other financial instruments We used the following methods and assumptions in estimating our fair value disclosures for our other financial instruments, as follows: • Cash and cash equivalents and restricted cash and cash equivalents . The carrying amounts that we have reported in the accompanying condensed consolidated and combined balance sheets for cash and cash equivalents and restricted cash and cash equivalents approximate their fair values due to their highly liquid nature. • Short-term line of credit . We base the fair values of debt instruments on quoted market prices. Where quoted prices are not available, we base the fair values on the present value of future cash flows discounted at estimated borrowing rates for similar debt instruments or on estimated prices based on current yields for debt issues of similar quality and terms. The fair value of our debt instruments approximated their carrying value at March 31, 2016 and December 31, 2015 .

Warranty (Notes)

Warranty (Notes)	3 Months Ended
	Mar. 31, 2016
Schedule of Product Warranty Liability [Table Text Block]	The following summarizes the changes in the carrying amount of our accrued warranty expense: Three Months Ended March 31, (In thousands) 2016 2015 Balance at beginning of period $ 39,847 $ 37,735 Additions 5,696 3,899 Expirations and other changes (440 ) 494 Payments (3,182 ) (3,430 ) Translation and other 311 (673 ) Balance at end of period $ 42,232 $ 38,025

Pension Plans and Postretiremen

Pension Plans and Postretirement Benefits	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Pension Plans and Postretirement Benefits	PENSION PLANS AND POSTRETIREMENT BENEFITS Components of net periodic benefit cost (benefit) included in net income are as follows: Pension Benefits Other Benefits Three Months Ended March 31, Three Months Ended March 31, (In thousands) 2016 2015 2016 2015 Service cost $ 384 $ 4,197 $ 6 $ 64 Interest cost 10,576 13,726 211 323 Expected return on plan assets (14,927 ) (19,407 ) — — Amortization of prior service cost (credit) 141 108 — 7 Net periodic benefit cost (benefit) $ (3,826 ) $ (1,376 ) $ 217 $ 394 We made contributions to our pension and other postretirement benefit plans totaling $1.3 million and $2.1 million during the quarters ended March 31, 2016 and 2015 , respectively.

Credit Facility

Credit Facility	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Credit Facility	CREDIT FACILITY In connection with the spin-off, we entered into a credit agreement on May 11, 2015 (the "Credit Agreement"). The Credit Agreement provides for a senior secured revolving credit facility in an aggregate amount of up to $600 million , which is scheduled to mature on June 30, 2020. The proceeds of loans under the Credit Agreement are available for working capital needs, issuance of letters of credit and other general corporate purposes. At March 31, 2016 , we had no borrowings outstanding under the revolving credit facility and after giving effect to the leverage ratio and $109.2 million of letters of credit issued under the credit facility, we had approximately $340.5 million available for borrowings. Our Credit Agreement generally includes customary events of default for a secured credit facility. If an event of default relating to bankruptcy or other insolvency events with respect to us occurs under the Credit Agreement, all obligations will immediately become due and payable. If any other event of default exists, the lenders will be permitted to accelerate the maturity of the obligations outstanding. If any event of default occurs, the lenders are permitted to terminate their commitments thereunder and exercise other rights and remedies, including the commencement of foreclosure or other actions against the collateral. Additionally, if we are unable to make any of the representations and warranties in the Credit Agreement, we will be unable to borrow funds or have letters of credit issued. At March 31, 2016 , we were in compliance with all of the covenants set forth in the Credit Agreement.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	CONTINGENCIES On February 28, 2014, the Arkansas River Power Authority filed suit against Babcock & Wilcox Power Generation Group, Inc. (now known as The Babcock & Wilcox Company and referred to herein as “BW PGG”) in the United States District Court for the District of Colorado (Case No. 14-cv-00638-CMA-NYW) alleging breach of contract, negligence, fraud and other claims arising out of BW PGG's delivery of a circulating fluidized bed boiler and related equipment used in the Lamar Repowering Project pursuant to a 2005 contract. We believe that ARPA has asserted damages theories that are highly speculative and without legal or economic support as a litigation tactic. We also believe most of the alleged damages are expressly waived and/or capped in enforceable provisions of the 2005 contract. We cannot estimate the possible loss at this time; however, the 2005 contract provides an overall cap of liability at the original contract price of approximately $20.5 million . Discovery is substantially complete and there have been no substantive changes to our assessment of the outcome of this contingency during the first quarter of 2016. A trial date has been set for November 2016.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information Income Taxes Paid (Notes)	3 Months Ended
	Mar. 31, 2016
Cash Flow, Supplemental Disclosures [Text Block]	During the quarters ended March 31, 2016 and 2015 , we paid the following for income taxes: (in thousands) 2016 2015 Income taxes (net of refunds) $ 7,118 $ 1,199 During the quarters ended March 31, 2016 and 2015 , we recognized the following non-cash activity in our condensed consolidated and combined financial statements: (in thousands) 2016 2015 Accrued capital expenditures in accounts payable $ 4,500 $ 767

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Prior to June 30, 2015, we were a party to transactions with our former Parent and its subsidiaries in the normal course of operations. After the spin-off, we no longer consider the former Parent to be a related party. These transactions included the following: (In thousands) Three Months Ended March 31, 2015 Sales to our former Parent $ 625 Corporate administrative expenses $ 18,011 Guarantees Our former Parent had outstanding performance guarantees for various projects executed by us in the normal course of business. These guarantees, based on original contract value, totaled approximately $90 million at March 31, 2016 . As of April 21, 2016, these guarantees had all been terminated. Net transfers to former Parent Net transfers to our former Parent represent the change in our former Parent's historical investment in us. It primarily includes the net effect of cost allocations from transactions with our former Parent, sales to our former Parent, and the net transfers of cash and assets to our former Parent prior to the spin-off. After the spin-off transaction on June 30, 2015, there have been no significant transfers to or from our former Parent. These transactions included the following: (In thousands) Three Months Ended March 31, 2015 Sales to former Parent $ 625 Corporate administrative expenses $ 18,011 Income tax allocation $ 4,431 Cash pooling and general financing activities $ (46,886 ) Net transfer to former Parent per statement of cash flows $ (25,069 )

Share Repurchases (Notes)

Share Repurchases (Notes)	3 Months Ended
	Mar. 31, 2016
Accelerated Share Repurchases [Line Items]
Schedule of Repurchase Agreements [Table Text Block]	On August 4, 2015, we announced that our board of directors authorized the repurchase of an indeterminate number of our shares of common stock in the open market at an aggregate market value of up to $100 million . We repurchased 1.3 million shares of our common stock for $24.3 million during 2015, 1.8 million shares of our common stock for $34.7 million during the first quarter of 2016 and an additional 0.3 million shares of our common stock for $6.9 million dollars during the month of April 2016. We are authorized to repurchase up to $34.1 million more of our common stock through June 8, 2017. Any shares purchased that were not part of our publicly announced plan are related to repurchases of common stock pursuant to the provisions of employee benefit plans that permit the repurchase of shares to satisfy statutory tax withholding obligations.

Contracts and Revenue Recogniti

Contracts and Revenue Recognition (Notes)	3 Months Ended
	Mar. 31, 2016
Contracts and Revenue Recognition [Abstract]
Revenue Recognition, Multiple-deliverable Arrangements [Table Text Block]	NOTE 2 – CONTRACTS AND REVENUE RECOGNITION Variations from estimated contract performance could result in material adjustments to operating results for any quarter or year. We include claims for extra work or changes in scope of work to the extent of costs incurred in contract revenues when we believe collection is probable. During the year ended December 31, 2015, we recognized accrued claims revenue of $2.3 million . Additional claims revenue was not recognized during the quarter ended March 31, 2016.

Comprehensive Income (Notes)

Comprehensive Income (Notes)	3 Months Ended
	Mar. 31, 2016
Comprehensive Income [Abstract]
Comprehensive Income (Loss) Note [Text Block]	The amounts reclassified out of AOCI by component and the affected condensed consolidated and combined statements of operations line items are as follows (in thousands): AOCI Component Line Items Affected by Reclassifications from AOCI in the Condensed Consolidated and Combined Statements of Operations Three Months Ended March 31, 2016 2015 Derivative financial instruments Revenues $ 1,323 $ 756 Cost of operations (23 ) (3,356 ) Other-net 4 1 Total before tax 1,304 (2,599 ) Provision for income taxes (301 ) 683 Net income $ 1,003 $ (1,916 ) Amortization of prior service cost on benefit obligations Cost of operations $ 404 $ (114 ) Provision for income taxes (465 ) 43 Net income $ (61 ) $ (71 ) Realized gain on investments Other-net $ (1 ) $ (1 ) Provision for income taxes — — Net income $ (1 ) $ (1 )

Subsequent Events (Notes)

Subsequent Events (Notes)	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 20 – SUBSEQUENT EVENTS In April 2016, both we and our joint venture partner increased our respective equity interests in Thermax Babcock & Wilcox Energy Solutions Private Limited ("TBWES”), our joint venture in India, for the purpose of extinguishing the joint venture's high-interest third-party debt and avoiding the associated future interest cost. B&W contributed approximately $26.2 million . TBWES subsequently used the cash contributed by the joint venture partners to pay-off all of its existing debt, including the long-term bank debt obtained in 2011 to finance the construction of the manufacturing facility TBWES operates in India and the working capital bank loan supported by a letter of credit issued by B&W. In May 2016, the letter of credit was released by the Indian bank and canceled.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share of our common stock: Three Months Ended March 31, (In thousands, except per share amounts) 2016 2015 Income from continuing operations $ 10,507 $ 11,304 Income from discontinued operations, net of tax — 1,385 Net income attributable to Babcock & Wilcox Enterprises, Inc. $ 10,507 $ 12,689 Weighted average shares used to calculate basic earnings per share 51,627 53,388 Dilutive effect of stock options, restricted stock and performance shares 594 185 Weighted average shares used to calculate diluted earnings per share 52,221 53,573 Basic earnings per share: Continuing operations $ 0.20 $ 0.21 Discontinued operations — 0.03 Basic earnings per share $ 0.20 $ 0.24 Diluted earnings per share: Continuing operations $ 0.20 $ 0.21 Discontinued operations — 0.03 Diluted earnings per share $ 0.20 $ 0.24

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Operating Results by Segment	Our operations are assessed based on three reportable segments: • Global Power: Design and supply new build steam generation equipment for fossil fuel and renewable fuel sources and utility-scale environmental systems. • Global Services: Comprehensive mix of services for utility and industrial steam generation and related environmental solutions that includes aftermarket parts and technical services, service projects including design and engineering, construction, and utility operations and maintenance. • Industrial Environment: Original equipment and related maintenance and aftermarket parts for industrial air pollution control systems and coating and drying equipment for a wide range of industries. An analysis of our operations by segment is as follows: Three Months Ended March 31, (In thousands) 2016 2015 Revenues: Global Power $ 130,483 $ 123,886 Global Services 241,167 232,174 Industrial Environmental 32,466 41,095 404,116 397,155 Gross profit: Global Power 24,370 20,428 Global Services 48,193 53,288 Industrial Environmental 7,593 9,681 80,156 83,397 Research and development costs (2,842 ) (4,518 ) Selling, general and administrative expenses (58,714 ) (57,111 ) Restructuring activities and spin-off transaction costs (4,010 ) (2,354 ) Equity in income (loss) of investees 2,676 (2,071 ) Operating income $ 17,266 $ 17,343

Restructuring Activities and 27

Restructuring Activities and Spin Transaction Costs (Tables)	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Changes in Restructuring Liabilities	An analysis of the change in our restructuring liabilities during the first quarter is as follows: Three Months Ended March 31, (In thousands) 2016 2015 Accrued liabilities at the beginning of the period $ 740 $ 5,086 Restructuring expense (1) 2,147 63 Payments (2,727 ) (2,645 ) Accrued liabilities at the end of the period $ 160 $ 2,504 (1) Excludes non-cash charges for accelerated depreciation and long-lived asset impairment of $2.3 million for quarter ended March 31, 2015, which did not impact the restructuring liability.

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Summary of Financial Information Regarding Results of Operations	The following table presents selected financial information regarding the results of operations of our former NE segment: (In thousands) Three Months Ended Revenues $ 22,687 Income before income tax expense 1,615 Income tax expense 230 Income from discontinued operations, net of tax $ 1,385

Derivative Financial Instrument

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Text Block]	DERIVATIVE FINANCIAL INSTRUMENTS We have designated all of our foreign currency exchange ("FX") forward contracts that qualify for hedge accounting as cash flow hedges. The hedged risk is the risk of changes in functional-currency-equivalent cash flows attributable to changes in FX spot rates of forecasted transactions related to long-term contracts. We exclude from our assessment of effectiveness the portion of the fair value of the FX forward contracts attributable to the difference between FX spot rates and FX forward rates. At March 31, 2016 and 2015, we had deferred approximately $3.4 million and $1.6 million , respectively, of net gains on these derivative financial instruments in AOCI. We expect to recognize substantially all of this amount in the next twelve months. At March 31, 2016 , our derivative financial instruments consisted solely of FX forward contracts. The notional value of our FX forward contracts totaled $80.0 million and $74.3 million at March 31, 2016 and December 31, 2015, respectively, with maturities extending to August 2017. These instruments consist primarily of contracts to purchase or sell euros and British pounds sterling. We are exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments. We attempt to mitigate this risk by using major financial institutions with high credit ratings. The counterparties to all of our FX forward contracts are financial institutions party to our credit facility. Our hedge counterparties have the benefit of the same collateral arrangements and covenants as described under our credit facility. The following tables summarize our derivative financial instruments: Asset and Liability Derivatives (In thousands) March 31, 2016 December 31, 2015 Derivatives designated as hedges: Foreign exchange contracts: Location of FX forward contracts designated as hedges: Accounts receivable-other $ 3,647 $ 1,545 Other assets 976 688 Accounts payable 360 17 Derivatives not designated as hedges: Foreign exchange contracts: Location of FX forward contracts not designated as hedges: Accounts receivable-other $ 63 $ 72 Accounts payable 295 101 The effects of derivatives on our financial statements are outlined below: Three Months Ended March 31, (In thousands) 2016 2015 Derivatives designated as hedges: Cash flow hedges Foreign exchange contracts Amount of gain (loss) recognized in other comprehensive income $ 3,210 $ (389 ) Effective portion of gain (loss) reclassified from accumulated other comprehensive income into earnings by location: Revenues 1,323 756 Cost of operations (23 ) (3,356 ) Other-net 4 1 Portion of gain recognized in income that is excluded from effectiveness testing by location: Other-net 582 1,028 Derivatives not designated as hedges: Forward contracts Gain (loss) recognized in income by location: Other-net $ (110 ) $ 217
Summary of Derivative Financial Instruments	The following tables summarize our derivative financial instruments: Asset and Liability Derivatives (In thousands) March 31, 2016 December 31, 2015 Derivatives designated as hedges: Foreign exchange contracts: Location of FX forward contracts designated as hedges: Accounts receivable-other $ 3,647 $ 1,545 Other assets 976 688 Accounts payable 360 17 Derivatives not designated as hedges: Foreign exchange contracts: Location of FX forward contracts not designated as hedges: Accounts receivable-other $ 63 $ 72 Accounts payable 295 101
Schedule of Effect of Derivative Instruments on Statements of Financial Performance	The effects of derivatives on our financial statements are outlined below: Three Months Ended March 31, (In thousands) 2016 2015 Derivatives designated as hedges: Cash flow hedges Foreign exchange contracts Amount of gain (loss) recognized in other comprehensive income $ 3,210 $ (389 ) Effective portion of gain (loss) reclassified from accumulated other comprehensive income into earnings by location: Revenues 1,323 756 Cost of operations (23 ) (3,356 ) Other-net 4 1 Portion of gain recognized in income that is excluded from effectiveness testing by location: Other-net 582 1,028 Derivatives not designated as hedges: Forward contracts Gain (loss) recognized in income by location: Other-net $ (110 ) $ 217

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Summary of Available-for-Sale Securities Measured at Fair Value	The following table summarizes our financial assets and liabilities carried at fair value, all of which were valued using inputs based upon quoted prices for similar instruments in active markets (known as "Level 2" inputs in the fair value hierarchy established by the Financial Accounting Standards Board ("FASB") Topic Fair Value Measurements and Disclosures ). (in thousands) March 31, 2016 December 31, 2015 Available-for-sale securities Commercial paper $ 5,490 $ 3,996 Mutual funds 1,094 1,093 Total fair value of available-for-sale securities $ 6,584 $ 5,089 Derivatives Forward contracts outstanding to purchase or sell foreign currencies $ 4,032 $ 2,186

Pension Plans and Postretirem31

Pension Plans and Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	Components of net periodic benefit cost (benefit) included in net income are as follows: Pension Benefits Other Benefits Three Months Ended March 31, Three Months Ended March 31, (In thousands) 2016 2015 2016 2015 Service cost $ 384 $ 4,197 $ 6 $ 64 Interest cost 10,576 13,726 211 323 Expected return on plan assets (14,927 ) (19,407 ) — — Amortization of prior service cost (credit) 141 108 — 7 Net periodic benefit cost (benefit) $ (3,826 ) $ (1,376 ) $ 217 $ 394

Supplemental Cash Flow Inform32

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Information [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	During the quarters ended March 31, 2016 and 2015 , we paid the following for income taxes: (in thousands) 2016 2015 Income taxes (net of refunds) $ 7,118 $ 1,199 During the quarters ended March 31, 2016 and 2015 , we recognized the following non-cash activity in our condensed consolidated and combined financial statements: (in thousands) 2016 2015 Accrued capital expenditures in accounts payable $ 4,500 $ 767

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Schedule Of Related Party Transactions	e were a party to transactions with our former Parent and its subsidiaries in the normal course of operations. After the spin-off, we no longer consider the former Parent to be a related party. These transactions included the following: (In thousands) Three Months Ended March 31, 2015 Sales to our former Parent $ 625 Corporate administrative expenses $ 18,011
Schedule of Change in Our Former Parent's Historical Investment Due to Net Transfers (to) from Former Parent	Net transfers to our former Parent represent the change in our former Parent's historical investment in us. It primarily includes the net effect of cost allocations from transactions with our former Parent, sales to our former Parent, and the net transfers of cash and assets to our former Parent prior to the spin-off. After the spin-off transaction on June 30, 2015, there have been no significant transfers to or from our former Parent. These transactions included the following: (In thousands) Three Months Ended March 31, 2015 Sales to former Parent $ 625 Corporate administrative expenses $ 18,011 Income tax allocation $ 4,431 Cash pooling and general financing activities $ (46,886 ) Net transfer to former Parent per statement of cash flows $ (25,069 )

Comprehensive Income Accumulate

Comprehensive Income Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	The amounts reclassified out of AOCI by component and the affected condensed consolidated and combined statements of operations line items are as follows (in thousands): AOCI Component Line Items Affected by Reclassifications from AOCI in the Condensed Consolidated and Combined Statements of Operations Three Months Ended March 31, 2016 2015 Derivative financial instruments Revenues $ 1,323 $ 756 Cost of operations (23 ) (3,356 ) Other-net 4 1 Total before tax 1,304 (2,599 ) Provision for income taxes (301 ) 683 Net income $ 1,003 $ (1,916 ) Amortization of prior service cost on benefit obligations Cost of operations $ 404 $ (114 ) Provision for income taxes (465 ) 43 Net income $ (61 ) $ (71 ) Realized gain on investments Other-net $ (1 ) $ (1 ) Provision for income taxes — — Net income $ (1 ) $ (1 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	(In thousands) Currency translation gains (losses) Net unrealized gain (loss) on investments (net of tax) Net unrealized gain (loss) on derivative instruments Net unrecognized gain (loss) related to benefit plans (net of tax) Total Balance at December 31, 2015 $ (19,493 ) $ (44 ) $ 1,786 $ (1,102 ) $ (18,853 ) Other comprehensive income (loss) before reclassifications 1,740 18 2,576 (61 ) 4,273 Amounts reclassified from AOCI to net income — 1 (1,003 ) 61 (941 ) Net current-period other comprehensive income 1,740 19 1,573 — 3,332 Balance at March 31, 2016 $ (17,753 ) $ (25 ) $ 3,359 $ (1,102 ) $ (15,521 ) (In thousands) Currency translation gains (losses) Net unrealized gain (loss) on investments (net of tax) Net unrealized gain (loss) on derivative instruments Net unrecognized gain (loss) related to benefit plans (net of tax) Total Balance at December 31, 2014 $ 11,551 $ (22 ) $ (123 ) $ (1,032 ) $ 10,374 Other comprehensive income (loss) before reclassifications (10,923 ) (1 ) (215 ) — (11,139 ) Amounts reclassified from AOCI to net income — 1 1,916 71 1,988 Net current-period other comprehensive income (10,923 ) — 1,701 71 (9,151 ) Balance at March 31, 2015 $ 628 $ (22 ) $ 1,578 $ (961 ) $ 1,223

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	Jun. 30, 2015shares	Sep. 30, 2015shares	Dec. 31, 2014shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, shares issued (shares)		50,988,468	0
Spin-Off
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, shares issued (shares)	53,719,878
Babcock and Wilcox Enterprises Inc | Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Spin-off transaction, distribution ratio of common stock	2

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Amounts attributable to shareholders:
Income from continuing operations	$ 10,507	$ 11,304
Income from discontinued operations, net of tax	0	1,385
Net income attributable to Babcock & Wilcox Enterprises, Inc.	$ 10,507	$ 12,689
Weighted average shares used to calculate basic earnings per share	51,627	53,388
Effect of dilutive securities:
Dilutive effect of stock options, restricted stock and performance shares	594	185
Weighted average shares used to calculate diluted earnings per share	52,221	53,573
Basic earnings per common share:
Continuing operations (usd per share)	$ 0.20	$ 0.21
Discontinued operations (usd per share)	0	0.03
Basic earnings per common share (usd per share)	0.20	0.24
Diluted earnings per common share:
Continuing operations (usd per share)	0.20	0.21
Discontinued operations (usd per share)	0	0.03
Diluted earnings per common share (usd per share)	$ 0.20	$ 0.24

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016segment
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Number of business segments (segment)	3

Segment Reporting - Schedule of

Segment Reporting - Schedule of Operating Results by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting, Other Significant Reconciling Item [Line Items]
Revenues	$ 404,116	$ 397,155
Gross profit	80,156	83,397
Research and development costs	2,842	(4,518)
Selling, general and administrative expenses	(58,714)	(57,111)
Restructuring activities and spin-off transaction costs	4,010	2,354
Equity in income (loss) of investees	2,676	(2,071)
Operating income	17,266	17,343
Operating Segments | Global Power
Segment Reporting, Other Significant Reconciling Item [Line Items]
Revenues	130,483	123,886
Gross profit	24,370	20,428
Operating Segments | Global Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Revenues	241,167	232,174
Gross profit	48,193	53,288
Operating Segments | Industrial Environmental
Segment Reporting, Other Significant Reconciling Item [Line Items]
Revenues	32,466	41,095
Gross profit	$ 7,593	$ 9,681

Restructuring Activities and 39

Restructuring Activities and Spin Transaction Costs Narrative - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Cost and Reserve [Line Items]
Other Noncash Expense		$ 2.3
Selling, General and Administrative Expenses | Spin-Off
Restructuring Cost and Reserve [Line Items]
Share-based Compensation	$ 1.9

Restructuring Activities and 40

Restructuring Activities and Spin Transaction Costs Changes in Restructuring Liabilities - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Reserve [Roll Forward]
Accrued liabilities at the beginning of the period	$ 740	$ 5,086
Restructuring expense	2,147	63
Payments	(2,727)	(2,645)
Accrued liabilities at the end of the period	160	2,504
Non-cash charges		$ 2,300
Spin-Off | Selling, General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 1,900

Provision for Income Taxes (Det

Provision for Income Taxes (Details)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
PROVISION FOR INCOME TAXES [Abstract]
Effective Income Tax Rate Reconciliation, Percent	38.50%	33.40%

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2015	Jun. 30, 2015
The Babcock & Wilcox Company
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Corporate allocation from former parent	$ 1.4
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | NE Segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets and liabilities distributed		$ 47.8

Discontinued Operations - Summa

Discontinued Operations - Summary of Financial Information Regarding Results of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Income Statements, Captions [Line Items]
Income from discontinued operations, net of tax	$ 0	$ 1,385
NE Segment
Condensed Income Statements, Captions [Line Items]
Revenues		22,687
Income before income tax expense		1,615
Income tax expense		230
Income from discontinued operations, net of tax		$ 1,385

Cash and Cash Equivalents Restr

Cash and Cash Equivalents Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	$ 37,242	$ 37,144
Cash Held To Meet Reinsurance Reserve Requirements [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	32,353	33,404
Restricted Foreign Cash [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	$ 4,900	$ 3,700

Cash and Cash Equivalents Unres

Cash and Cash Equivalents Unrestricted Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Cash and Cash Equivalents [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 286,817	$ 365,192	$ 226,564	$ 218,659
Foreign operations
Cash and Cash Equivalents [Line Items]
Cash and Cash Equivalents, at Carrying Value	210,770	221,151
United States
Cash and Cash Equivalents [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 76,046	$ 144,041

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventories [Abstract]
Raw materials and supplies	$ 67,318	$ 68,684
Work in progress	5,180	7,025
Finished goods	18,528	14,410
Total inventories	$ 91,026	$ 90,119

Derivative Financial Instrume47

Derivative Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gains deferred on derivative financial instruments in accumulated other comprehensive income (loss)	$ 3,400,000	$ 1,600,000
Cash Flow Hedging | Designated as Hedging Instrument | FX Forward Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of foreign currency forward contracts	$ 80,000,000		$ 74,300,000

Derivative Financial Instrume48

Derivative Financial Instruments - Summary of Derivative Financial Instruments (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$ 3,400,000	$ 1,600,000
Designated as Hedging Instrument | FX Forward Contracts | Accounts receivable-other
Derivatives, Fair Value [Line Items]
Asset Derivatives	3,647,000		$ 1,545,000
Designated as Hedging Instrument | FX Forward Contracts | Other assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	976,000		688,000
Designated as Hedging Instrument | FX Forward Contracts | Accounts payable
Derivatives, Fair Value [Line Items]
Liability Derivatives	360,000		17,000
Derivatives Not Designated as Hedges | FX Forward Contracts | Accounts receivable-other
Derivatives, Fair Value [Line Items]
Asset Derivatives	63,000		72,000
Derivatives Not Designated as Hedges | FX Forward Contracts | Accounts payable
Derivatives, Fair Value [Line Items]
Liability Derivatives	295,000		101,000
Cash Flow Hedging | Designated as Hedging Instrument | FX Forward Contracts
Derivatives, Fair Value [Line Items]
Notional amount of foreign currency forward contracts	$ 80,000,000		$ 74,300,000

Derivative Financial Instrume49

Derivative Financial Instruments - Schedule of Effect of Derivative Instruments on Statements of Financial Performance (Detail) - FX Forward Contracts - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income	$ 3,210	$ (389)
Designated as Hedging Instrument | Cash Flow Hedging | Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion of gain (loss) reclassified from accumulated other comprehensive income into earnings	1,323	756
Designated as Hedging Instrument | Cash Flow Hedging | Cost of operations
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion of gain (loss) reclassified from accumulated other comprehensive income into earnings	(23)	(3,356)
Designated as Hedging Instrument | Cash Flow Hedging | Other-net
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion of gain (loss) reclassified from accumulated other comprehensive income into earnings	4	1
Portion of gain (loss) recognized in income that is excluded from effectiveness testing	582	1,028
Derivatives Not Designated as Hedges | Forward Contracts [Member] | Other-net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	$ (110)	$ 217

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Available-for-Sale Securities Measured at Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities measured at fair value	$ 6,584	$ 5,089
Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities measured at fair value	5,490	3,996
Level 2 | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities measured at fair value	1,094	1,093
FX Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of foreign currency forward contracts	$ 4,032	$ 2,186

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
FX Forward Contracts
Fair Values Of Financial Instruments [Line Items]
Fair value of foreign currency forward contracts	$ 4,032	$ 2,186

Warranty (Details)

Warranty (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Product Warranty Liability [Line Items]
Balance at beginning of period	$ 39,847	$ 37,735
Additions	5,696	3,899
Expirations and other changes	(440)	494
Payments	(3,182)	(3,430)
Translation and other	311	(673)
Balance at end of period	$ 42,232	$ 38,025

Pension Plans and Postretirem53

Pension Plans and Postretirement Benefits - Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 384	$ 4,197
Interest cost	10,576	13,726
Expected return on plan assets	(14,927)	(19,407)
Amortization of prior service cost (credit)	141	108
Net periodic benefit cost (benefit)	(3,826)	(1,376)
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	6	64
Interest cost	211	323
Expected return on plan assets	0	0
Amortization of prior service cost (credit)	0	7
Net periodic benefit cost (benefit)	$ 217	$ 394

Pension Plans and Postretirem54

Pension Plans and Postretirement Benefits - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Contributions to pension and postretirement benefit plans	$ 1.3	$ 2.1

Credit Facility - Additional In

Credit Facility - Additional Information (Detail) - New Credit Agreement - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Debt Instrument [Line Items]
Credit agreement, maximum borrowing capacity		$ 600,000,000
Term Loan,Revolving Credit Borrowings And Letter of Credit
Debt Instrument [Line Items]
Credit facility, aggregate borrowings outstanding	$ 0
Letter of Credit
Debt Instrument [Line Items]
Outstanding letter of credit	109,200,000
Aggregate amount to be borrowed to meet letter of credit requirements	$ 340,500,000

Contingencies - Additional Info

Contingencies - Additional Information (Detail) $ in Millions	Mar. 31, 2016USD ($)
ARPA
Loss Contingencies [Line Items]
Estimated loss on breach of contract	$ 20.5

Supplemental Cash Flow Inform57

Supplemental Cash Flow Information Income taxes paid (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income taxes (net of refunds)	$ 7,118	$ 1,199

Supplemental Cash Flow Inform58

Supplemental Cash Flow Information Accrued capital expenditures in accounts payable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accrued capital expenditures in accounts payable	$ 4,500	$ 767

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Detail) - The Babcock & Wilcox Company $ in Thousands	3 Months Ended
	Mar. 31, 2015USD ($)
Related Party Transaction [Line Items]
Sales to former Parent	$ 625
Corporate administrative expense	$ 18,011

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Billions	Mar. 31, 2016USD ($)
The Babcock & Wilcox Company
Related Party Transaction [Line Items]
Guarantees, original contract value	$ 0.1

Related Party Transactions - 61

Related Party Transactions - Schedule of Change in Our Former Parent's Historical Investment Due to Net Transfers (to) from Former Parent (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Related Party Transaction [Line Items]
Cash pooling and general financing activities	$ (2)	$ (1)
The Babcock & Wilcox Company
Related Party Transaction [Line Items]
Sales to former Parent		625
Corporate administrative expenses		18,011
Income tax allocation		4,431
Cash pooling and general financing activities		(46,886)
Net transfer to former Parent per statement of cash flows		$ (25,069)

Share Repurchases (Details)

Share Repurchases (Details) - Common Stock - USD ($) shares in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Aug. 04, 2015
Class of Stock [Line Items]
Treasury Stock, Shares, Acquired	0.3	1.8	1.3
Treasury Stock, Value, Acquired, Cost Method	$ 6,900,000	$ 34,700,000	$ 24,300,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 34,100,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased				$ 100,000,000

Contracts and Revenue Recogni63

Contracts and Revenue Recognition (Details) $ in Millions	Dec. 31, 2015USD ($)
Unapproved Change Orders, Amount	$ 2.3

Comprehensive Income Accumula64

Comprehensive Income Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ (18,853)	$ 10,374
Other comprehensive income (loss) before reclassifications	4,273	(11,139)
Amounts reclassified from AOCI to net income	(941)	1,988
Net current-period other comprehensive income	(3,332)	9,151
Balance at end of period	(15,521)	1,223
Currency translation gains (losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(19,493)	11,551
Other comprehensive income (loss) before reclassifications	1,740	(10,923)
Amounts reclassified from AOCI to net income	0	0
Net current-period other comprehensive income	(1,740)	10,923
Balance at end of period	(17,753)	628
Net unrealized gain (loss) on investments (net of tax)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(44)	(22)
Other comprehensive income (loss) before reclassifications	18	(1)
Amounts reclassified from AOCI to net income	1	1
Net current-period other comprehensive income	(19)	0
Balance at end of period	(25)	(22)
Net unrealized gain (loss) on derivative instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	1,786	(123)
Other comprehensive income (loss) before reclassifications	2,576	(215)
Amounts reclassified from AOCI to net income	(1,003)	1,916
Net current-period other comprehensive income	(1,573)	(1,701)
Balance at end of period	3,359	1,578
Net unrecognized gain (loss) related to benefit plans (net of tax)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(1,102)	(1,032)
Other comprehensive income (loss) before reclassifications	(61)	0
Amounts reclassified from AOCI to net income	61	71
Net current-period other comprehensive income	0	(71)
Balance at end of period	$ (1,102)	$ (961)

Comprehensive Income Reclassifi

Comprehensive Income Reclassification out of Accumulated other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenues	$ 404,116	$ 397,155
Other - net	62	(311)
Total before tax	17,219	17,048
Provision for income taxes	6,626	5,692
Net income	10,593	11,356
Derivative financial instruments | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenues	1,323	756
Cost of Goods Sold	(23)	(3,356)
Other - net	4	1
Total before tax	1,304	(2,599)
Provision for income taxes	(301)	683
Net income	1,003	(1,916)
Amortization of prior service cost on benefit obligations | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of Goods Sold	(404)	114
Provision for income taxes	(465)	43
Net income	(61)	(71)
Realized gain on investments | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other - net	(1)	(1)
Provision for income taxes	0	0
Net income	$ (1)	$ (1)

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Subsequent Events [Abstract]
Payments to Acquire Interest in Joint Venture	$ 26.2