DISCONTINUED OPERATIONS AND OTHER TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2011

Carrying Values of the Major Classes of Assets and Liabilities Held for Sale Included in Condensed Consolidated Balance Sheets

The following table presents the carrying values of the major classes of assets and liabilities held for sale that are included in our unaudited condensed consolidated balance sheets:

	September 30, 2011		December 31, 2010
	(Unaudited)
	(In thousands)
Cash	$	3,439	$	1,426
Accounts receivable – net		13,200		5,253
Other assets		3,991		3,482
Total current assets held for sale		20,630		10,161
Property, plant and equipment – net		67,247		68,595
Other assets		9,068		8,555
Total long-term assets held for sale		76,315		77,150
Total assets held for sale	$	96,945	$	87,311
Accounts payable and accrued liabilities	$	7,830	$	8,748
Other liabilities		15,458		12,154
Total liabilities associated with assets held for sale	$	23,288	$	20,902

Charter Fleet Business

Selected Financial Information Regarding the Results of Operations

The following table presents selected financial information regarding the results of operations attributable to our charter fleet business:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	(Unaudited) (In thousands)
Revenues	$	13,404		$	14,230		$	33,970		$	46,812
Loss on disposal of discontinued operations		—			(27,690	)		—			(27,690	)
Income before provision for income taxes		2,004			1,362			6,745			7,766
		2,004			(26,328	)		6,745			(19,924	)
Provision for income taxes		(817	)		(240	)		(2,286	)		(1,759	)
Income from discontinued operations, net of tax	$	1,187		$	(26,568	)	$	4,459		$	(21,683	)

The Babcock and Wilcox Company

Selected Financial Information Regarding the Results of Operations

The following table presents selected financial information regarding the results of operations of our former B&W business for the three-month and nine-month periods ended September 30, 2010. Loss on disposal of discontinued operations represents costs incurred in connection with the B&W spin-off.

	Three Months Ended September 30, 2010			Nine Months Ended September 30, 2010
	(Unaudited) (In thousands)
Revenues	$	173,540		$	1,524,424
Loss on disposal of discontinued operations		(5,246	)		(95,666	)
Income before provision for income taxes		(12,342	)		105,796
		(17,588	)		10,130
Provision for income taxes		4,126			(22,755	)
Loss from discontinued operations, net of tax	$	(13,462	)	$	(12,625	)