Restructuring Activities and Spin Transaction Costs Spin-Off Transactions (Tables)

9 Months Ended

Sep. 30, 2017

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Activities Disclosure [Text Block]

Spin-off transaction costs

Spin-off costs were primarily attributable to employee retention awards directly related to the spin-off from our former parent, The Babcock & Wilcox Company (now known as BWX Technologies, Inc.). In the three and nine months ended September 30, 2017, we recognized spin-off costs of $0.2 million and $1.0 million, respectively. In the three and nine months ended September 30, 2016, we recognized spin-off costs of $0.4 million and $3.4 million, respectively. In the nine months ended September 30, 2017, we disbursed $1.9 million of the accrued retention awards.

Restructuring liabilities

Restructuring liabilities are included in other accrued liabilities on our condensed consolidated balance sheets. Activity related to the restructuring liabilities is as follows:

	Three months ended September 30,						Nine months ended September 30,
(in thousands)	2017			2016			2017			2016
Balance at beginning of period (1)	$	967		$	11,984		$	2,254		$	740
Restructuring expense	3,428			1,792			7,285			19,816
Payments	(2,399		)	(10,422		)	(7,543		)	(17,202		)
Balance at September 30	$	1,996		$	3,354		$	1,996		$	3,354

⁽¹⁾ For the three month periods ended September 30, 2017 and 2016, the balance at the beginning of the period is as of June 30, 2017 and 2016, respectively. For the nine month periods ended September 30, 2017 and 2016, the balance at the beginning of the period is as of December 31, 2016 and 2015, respectively.