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

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 25
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 been incurred and the amount of loss is reasonably estimable. We provide disclosure when there is a reasonable possibility that the ultimate loss will exceed the recorded provision or if such probable loss is not reasonably estimable. Due to the nature of our business, we are, from time to time, involved in investigations, litigation, disputes or claims related to our business activities, as discussed in Note 10. Our losses are typically resolved over long periods of time and are often difficult to assess and estimate due to, among other reasons, the possibility of multiple actions by third parties; the attribution of damages, if any, among multiple defendants; plaintiffs, in most cases involving personal injury claims, do not specify the amount of damages claimed; the discovery process may take multiple years to complete; during the litigation process, it is common to have multiple complex unresolved procedural and substantive issues; the potential availability of insurance and indemnity coverages; the wide-ranging outcomes reached in similar cases, including the variety of damages awarded; the likelihood of settlements for de minimis amounts prior to trial; the likelihood of success at trial; and the likelihood of success on appeal. Consequently, it is possible future earnings could be affected by changes in our assessments of the probability that a loss has been incurred in a material pending litigation against us and/or changes in our estimates related to such matters.Accumulated Other Comprehensive Income (Loss)The components of Accumulated other comprehensive income (loss) included in Stockholders' Equity are as follows: December 31, 20242023 (In thousands)Currency translation adjustments$(33,735)$8,669 Net unrealized gain on derivative financial instruments490 558 Unrecognized prior service cost on benefit obligations(15,233)(16,917)Net unrealized gain on available-for-sale investments267 227 Accumulated other comprehensive income (loss)$(48,211)$(7,463)

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The amounts reclassified out of Accumulated other comprehensive income (loss) by component and the affected consolidated statements of income line items are as follows: Year Ended December 31,  202420232022 Accumulated Other Comprehensive Income (Loss) Component Recognized(In thousands)Line Item PresentedRealized (loss) gain on derivative financial instruments$(96)$(72)$(370)Revenues1,075 427 (343)Cost of operations979 355 (713)Total before tax(245)(91)181 Provision for Income Taxes$734 $264