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Earnings Per Share
 12 Months Ended
Dec. 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 period ending June 30, 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:
 
Year Ended December 31,
(in thousands, except per share amounts)
2016
 
2015
 
2014
Income (loss) from continuing operations
$
(115,649
)
 
$
16,338

 
$
(12,256
)
Income (loss) from discontinued operations, net of tax
—

 
2,803

 
(14,272
)
Net income (loss) attributable to shareholders
$
(115,649
)
 
$
19,141

 
$
(26,528
)
 
 
 
 
 
 
Weighted average shares used to calculate basic earnings per share
50,129

 
53,487

 
54,239

Dilutive effect of stock options, restricted stock and performance shares (1)
—

 
222

 
—

Weighted average shares used to calculate diluted earnings per share
50,129

 
53,709

 
54,239

 
 
 
 
 
 
Basic earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
(2.31
)
 
$
0.31

 
$
(0.23
)
Discontinued operations
—

 
0.05

 
(0.26
)
Basic earnings (loss) per share
$
(2.31
)
 
$
0.36

 
$
(0.49
)
 
 
 
 
 
 
Diluted earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
(2.31
)
 
$
0.30

 
$
(0.23
)
Discontinued operations
—

 
0.06

 
(0.26
)
Diluted earnings (loss) per share
$
(2.31
)
 
$
0.36

 
$
(0.49
)

(1) Because we incurred a net loss in 2016, basic and diluted shares are the same. If we had net income in 2016, diluted shares would include an additional 0.5 million shares, and would exclude 3.4 million shares related to stock options because their effect would have been anti-dilutive. At December 31, 2015, we excluded from the diluted share calculation 1.3 million shares related to stock options, as their effect would have been anti-dilutive.