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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 151,355 $ 227,712 $ 390,450
(Income) loss from discontinued operations, net of tax 12,812 34,900 (180,898)
Income from continuing operations 164,167 262,612 209,552
Non-cash items included in net income:      
Depreciation and amortization 82,391 76,452 79,867
Equity in loss of unconsolidated affiliates 4,985 7,594 3,557
Gains on asset disposals (8,478) (2,440) (1,699)
Loss on asset disposals and impairments 5,488 24,660 785
Provision (benefit) for deferred taxes 1,650 1,830 5,252
Pension costs 19,492 21,814 27,352
Stock-based compensation charges 17,825 16,458 12,987
Other non-cash items (1,396) (8,507) 32,151
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable (152,840) (6,457) 25,871
Net contracts in progress and advance billings on contracts (151,157) 182,472 (295,110)
Accounts payable 71,291 (38,536) (8,054)
Accrued and other current liabilities 56,049 40,110 (57,311)
Income taxes 17,138 84,269 5,882
Pension liability and accrued postretirement and employee benefits (83,263) (106,338) 41,101
Other 54,104 (171,666) 103,450
NET CASH PROVIDED BY OPERATING ACTIVITIES-CONTINUING OPERATIONS 97,446 384,327 185,633
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (282,621) (186,862) (186,518)
(Increase) decrease in restricted cash and cash equivalents 175,899 (142,853) (10,718)
Purchases of available-for-sale securities (546,822) (1,491,329) (154,337)
Sales and maturities of available-for-sale securities 693,424 1,363,803 331,474
Proceeds from asset dispositions 9,943 4,824 2,761
Investments in unconsolidated affiliates (1,058) (32,550) (13,484)
Other investing activities   (1,954) (28,427)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES-CONTINUING OPERATIONS 48,765 (486,921) (59,249)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Increase in debt 46,987 3,423  
Payment of debt (8,606) (8,540) (4,106)
Debt issuance costs (4,944) (17,881) (105)
Purchase of treasury shares (10,092) (15,715) (6,531)
Cash contribution from The Babcock & Wilcox Company   100,000  
Other financing activities (2,056) 14,805 6,534
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES-CONTINUING OPERATIONS 21,289 76,092 (4,208)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH (109) 498 1,096
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 167,391 (26,004) 123,272
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 403,463 429,467 306,195
CASH AND CASH EQUIVALENTS AT END OF PERIOD-CONTINUING OPERATIONS 570,854 403,463 429,467
Cash paid (received) during the period for:      
Income taxes (net of refunds) 67,970 52,946 (7,928)
CASH FLOWS FROM DISCONTINUED OPERATIONS:      
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (1,426) (44,153) 232,441
NET CASH USED IN INVESTING ACTIVITIES   (65,084) (51,598)
NET CASH USED IN FINANCING ACTIVITIES 1,426 (109,600) (1,728)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH   (578) 10,234
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS   (219,415) 189,349
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD   469,803 280,454
TRANSFER OF CASH ATTRIBUTABLE TO B&W   250,388  
CASH AND CASH EQUIVALENTS AT END OF PERIOD     $ 469,803