Company: BWXT
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001486957-25-000052
Chunk: 21

Company: BWX Technologies, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 totaling $51.6 million and $40.3 million, respectively, consisting almost entirely of raw materials and supplies.Property, Plant and Equipment, NetProperty, plant and equipment is stated at cost and is set forth below: June 30,2025December 31,2024 (In thousands)Land$55,428 $10,608 Buildings494,901 417,189 Machinery and equipment1,279,022 1,166,236 Property under construction652,759 584,539 2,482,110 2,178,572 Less: Accumulated depreciation944,339 900,411 Property, Plant and Equipment, Net$1,537,771 $1,278,161 Accumulated Other Comprehensive Income (Loss)The components of Accumulated other comprehensive income (loss) included in Stockholders' Equity are as follows:June 30,2025December 31,2024 (In thousands)Currency translation adjustments$(9,897)$(33,735)Net unrealized gain on derivative financial instruments543 490 Unrecognized prior service cost on benefit obligations(13,937)(15,233)Net unrealized gain (loss) on available-for-sale investments(94)267 Accumulated other comprehensive loss$(23,385)$(48,211)

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The amounts reclassified out of Accumulated other comprehensive income (loss) by component and the affected condensed consolidated statements of income line items are as follows: Three Months EndedJune 30,Six Months EndedJune 30,  2025202420252024 Accumulated Other Comprehensive Income (Loss) Component Recognized(In thousands)Line Item PresentedRealized gain (loss) on derivative financial instruments$192 $125 $115 $91 Revenues77 (191)323 (75)Cost of operations269 (66)438 16 Total before tax(58)17 (95)(4)Provision for Income Taxes$211 $(49)$343 $12 Net IncomeAmortization of prior service cost on benefit obligations$(814)$(832)$(1,611)$(1,663)Other – net157 163 315 324 Provision for Income Taxes$(657)$(669)$(1,296)$(1,339)Net IncomeRealized gains on investments$— $— $381