Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 20

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 20
---
 indefinite-lived intangible assets for impairment to determine whether events or circumstances affecting significant inputs related to the most recent quantitative evaluation have occurred, indicating that it is more likely than not that the indefinite-lived intangible asset is impaired. Otherwise, we test indefinite-lived intangible assets for impairment by quantitatively determining the fair value of the indefinite-lived intangible asset and comparing the fair value of the intangible asset to its carrying amount. If the carrying amount of the intangible asset exceeds its fair value, we recognize impairment for the amount of the difference. 

56

Our Intangible Assets were as follows: December 31, 202420232022 (In thousands)Amortized intangible assets:Gross cost:Technical support agreement$61,309 $66,562 $65,069 Customer relationships55,394 57,103 56,176 Unpatented technology37,634 40,540 39,609 CNSC class 1B nuclear facility license23,644 25,670 25,094 Acquired backlog13,248 13,882 13,537 Patented technology694 755 738 All other765 831 812 Total$192,688 $205,343 $201,035 Accumulated amortization:Technical support agreement$(17,104)$(15,676)$(12,495)Customer relationships(26,029)(23,649)(20,590)Unpatented technology(11,650)(10,345)(7,966)CNSC class 1B nuclear facility license(6,337)(6,023)(5,052)Acquired backlog(9,140)(7,116)(4,474)Patented technology(508)(483)(405)All other(425)(371)(271)Total$(71,193)$(63,663)$(51,253)Net amortized intangible assets$121,495 $141,680 $149,782 Unamortized intangible assets:NRC category 1 license$43,830 $43,830 $43,830 The following summarizes the changes in the carrying amount of Intangible Assets: Year Ended December 31, 202420232022 (In thousands)Balance at beginning of period$185,510 $193,612 $185,551 Acquisitions (Note 2)— — 28,500 Amortization expense(11