Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 1065

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 1065
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 Fair Value  (Level 1)  (Level 2)  (Level 3)  Value 
 Pension plan measured at fair value:                     
 Equity securities  $14,927  $14,927  $—  $—  $— 
 Debt securities   11,962   2,192   9,770   —   — 
 Alternative securities   2,631   —   —   2,631   — 
 Cash and cash equivalents   734   —   734   —   — 
 Total fair value of pension plan assets  $30,254  $17,119  $10,504  $2,631  $— 

   The fair value hierarchy for the pension plans assets measured at fair value as of  December 31, 2023, are as follows:

           Quoted prices in    Significant    Significant      
       active    observable    unobservable    Measured at  
 (In Thousands)      markets    inputs    inputs    Net Asset  
  Fair Value  (Level 1)  (Level 2)  (Level 3)  Value 
 Pension plan measured at fair value:                     
 Equity securities  $14,269  $14,212  $57  $—  $— 
 Debt securities   10,058   296   9,762   —   — 
 Alternative securities   5,504   —   —   5,504   — 
 Cash and cash equivalents   1,012   —   1,012   —   — 
 Total fair value of pension plan assets  $30,843  $14,508  $10,831  $5,504  $— 

   In 2024 and 2023, the pension plan purchased $0.2 million and $3.0 million, respectively, in assets classified as Level 3 securities under the fair value hierarchy. Additionally, in 2024 the pension plan sold $2.9 million in assets classified as Level 3 securities under the fair value hierarchy. The fair value of these investments was determined by nationally recognized, independent valuation firms.

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