Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 133

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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20)Balance at end of period$2,599 $4,186 

We record estimated expense included in Cost of operations in the Condensed Consolidated Statements of Operations to satisfy contractual warranty requirements when we recognize the associated revenues on the related contracts, or in the case of a loss contract, the full amount of the estimated warranty costs is recognized when the contract becomes a loss contract. In addition, we record specific adjustments when we expect the actual warranty costs to significantly differ from the initial estimates. Factors that impact our estimate of warranty costs include prior history of warranty claims and our estimate of future costs of materials and labor. Such changes could have a material effect on our consolidated financial position, results of operations and cash flows. 

NOTE 12 – PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS

Components of net periodic benefit cost (benefit) included in net loss are as follows:Pension BenefitsOther BenefitsThree Months Ended June 30,Six Months Ended June 30,Three Months Ended June 30,Six Months Ended June 30,(in thousands)20252024202520242025202420252024Interest cost$10,012 $10,592 $20,024 $21,187 $63 $70 $126 $140 Expected return on plan assets(9,445)(10,951)(18,887)(21,908)— — — — Amortization of prior service cost75 50 150 99 71 173 142 346 Benefit plans, net (1)642 (309)1,287 (622)134 243 268 486 Service cost included in COS (2)100 100 200 200 5 5 10 10 Net periodic benefit cost (benefit)$742 $(209)$1,487 $(422)$139 $248 $278 $496 (1)    Benefit plans, net, which is presented separately in the Condensed Consolidated Statements of Operations, is not allocated to the segments.(2)    Service cost related to a small group of active participants is presented within Cost of operations in the Condensed Consolidated Statements of Operations and is recorded at the B&W Thermal segment level.There were no MTM adjustments for the pension and other postretirement benefit plans during the three and six months ended June 30, 2025 and 2024.

We made contributions to the pension and other