| Computation of Basic and Diluted Earnings Per Share |
The following table sets forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | (In thousands, except share and per share amounts) | | Basic: | | | | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | $ | 89,014 | | | $ | 78,388 | | | $ | 180,084 | | | $ | 153,850 | | | Weighted-average common shares | | 91,720,867 | | | 91,542,967 | | | 91,692,421 | | | 91,568,526 | | | Basic earnings per common share | | $ | 0.97 | | | $ | 0.86 | | | $ | 1.96 | | | $ | 1.68 | | | Diluted: | | | | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | $ | 89,014 | | | $ | 78,388 | | | $ | 180,084 | | | $ | 153,850 | | | Weighted-average common shares (basic) | | 91,720,867 | | | 91,542,967 | | | 91,692,421 | | | 91,568,526 | | | Effect of dilutive securities: | | | | | | | | | Stock options, restricted stock units and performance shares (1) | | 286,386 | | | 159,736 | | | 265,507 | | | 219,678 | | | Adjusted weighted-average common shares | | 92,007,253 | | | 91,702,703 | | | 91,957,928 | | | 91,788,204 | | | Diluted earnings per common share | | $ | 0.97 | | | $ | 0.85 | | | $ | 1.96 | | | $ | 1.68 | |
(1)At June 30, 2026 and 2025, we excluded 49,503 and 520,328 shares, respectively, from our diluted share calculation as their effect would have been antidilutive.
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