DISCONTINUED OPERATIONS AND OTHER ITEMS (Tables)

12 Months Ended

Dec. 31, 2011

Carrying Values of Major Classes of Assets and Liabilities Held for Sale Included in 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 consolidated balance sheets:


	December 31,
	2011		2010
	(In thousands)
Cash	$	—	$	1,426
Accounts receivable—net		—		5,253
Other assets		3,197		3,482

Total current assets held for sale		3,197		10,161

Property, plant and equipment—net		45,892		68,595
Other assets		9,679		8,555

Total long-term assets held for sale	$	55,571	$	77,150

Accounts payable and accrued liabilities	$	—	$	8,748
Other liabilities		—		12,154

Total liabilities associated with assets held for sale	$	—	$	20,902

Charter Fleet Business

Selected Financial Information Regarding Results of Operations

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


	Year Ended December 31,
	2011			2010			2009
	(In thousands)
Revenues	$	44,849		$	57,528		$	56,655

Loss on disposal of discontinued operations, before taxes		(21,934	)		(27,690	)		—
Income before provision for income taxes		10,030			8,081			(1,533	)

		(11,904	)		(19,609	)		(1,533	)
Provision for income taxes		(2,908	)		(2,711	)		(3,534	)

Income (loss) from discontinued operations, net of tax	$	(14,812	)	$	(22,320	)	$	(5,067	)

The Babcock and Wilcox Company

Selected Financial Information Regarding Results of Operations

The following table presents selected financial information regarding the results of operations of our former B&W business:


	Year Ended December 31,
	2010⁽¹⁾			2009
	(In thousands)
Revenues	$	1,524,424		$	2,854,632

Loss on disposal of discontinued operations, before taxes		(95,621	)		(7,118	)
Income before provision for income taxes		105,796			260,834

		10,175			253,716
Provision for income taxes		(22,755	)		(67,751	)

Income (loss) from discontinued operations, net of tax	$	(12,580	)	$	185,965

(1)	Includes the B&W operations through July 30, 2010.

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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