Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 62

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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,242)$(926)$(31,168)(in thousands)Currency translation lossNet unrecognized loss related to benefit plans (net of tax)TotalBalance at December 31, 2023$(64,778)$(1,583)$(66,361)Other comprehensive loss before reclassifications(3,125)— (3,125)Reclassification of AOCI to net income— 231 231 Net other comprehensive (loss) income(3,125)231 (2,894)Balance at March 31, 2024$(67,903)$(1,352)$(69,255)Other comprehensive loss before reclassifications(2,266)— (2,266)Reclassification of AOCI to net income1,201 232 1,433 Net other comprehensive (loss) income(1,065)232 (833)Balance at June 30, 2024$(68,968)$(1,120)$(70,088)The amounts reclassified out of AOCI by component and the affected Condensed Consolidated Statements of Operations line items are as follows (in thousands):AOCI componentLine items in the Condensed Consolidated Statements of Operations affected by reclassifications from AOCI Three Months Ended June 30,Six Months Ended June 30,2025202420252024Release of currency translation adjustment with the sale of businessLoss from discontinued operations, net of tax$(52,646)$(1,201)$(52,646)$(1,201)Pension and post retirement adjustments, net of taxBenefit plans, net(123)(232)(247)(463)Net loss$(52,769)$(1,433)$(52,893)$(1,664)

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NOTE 18 – FAIR VALUE MEASUREMENTS

The following tables summarize financial assets carried at fair value, all of which were valued from readily available prices (known as "Level 1" in the fair value hierarchy established by ASC 820, Fair Value Measurements and Disclosures).Securities(in thousands)June 30, 2025Level 1Corporate notes and bonds$4,914 $4,914 United States Government and agency securities2,053 2,053 Total fair value of securities$6,967 $6,967 (in thousands)December 31, 2024Level 1Corporate notes and bonds$5,196 $5,196 United States Government and agency securities