Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 532

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 2
Chunk 532
---
 Per Share
    
   We report both basic earnings (loss) per share and diluted earnings (loss) per share. The calculation of basic earnings (loss) per share is computed based on the weighted average number of shares of common stock outstanding. Diluted earnings (loss) per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings (loss) per share includes the dilutive effect of stock options and restricted stock grants (both time and performance based) awarded as part of our share-based compensation and incentive plans as well as our outstanding warrants. Per share amounts disclosed in these Notes to Consolidated Financial Statements, unless otherwise indicated, are on a diluted basis.
    
   The components of basic and diluted earnings (loss) per share, are as follows:

     (In Thousands, except per share data)   Year Ended December 31,  
  2024  2023  2022 
 Net income (loss) available to common stockholders  $180,656  $97,185  $(21,749)
 Weighted average outstanding shares of common stock, basic   52,452   51,591   44,132 
 Dilutive effect of options, warrants and stock awards   619   1,346   — 
 Weighted average common stock and equivalents   53,071   52,937   44,132 
             
 Income (loss) per share, basic  $3.44  $1.88  $(0.49)
 Income (loss) per share, diluted  $3.40  $1.84  $(0.49)
             
 Additional information:             
 Incremental "in-the-money" options, warrants, and restricted stock units outstanding at the end of the period   856   1,674   1,863 

   Concentrations of Credit Risk and Allowance for Credit Losses
    
   Our financial instruments that are exposed to concentrations of credit risk consist primarily of trade and other receivables from a variety of domestic, international and national energy companies. We manage our exposure to risk by performing ongoing credit evaluations of our customers’ financial condition and  may at times require prepayments or other forms of collateral.

       80

   We maintain an allowance for credit loss based on expected collect