Company: TDDWW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-034124
Chunk: 24

Company: TIDEWATER INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 to write off receivables when all legal options for collection have been exhausted.
    
   Activity in the allowance for credit losses for the nine months ended  September 30, 2025 is as follows:

        Trade 

        (In Thousands) 
        
        and Other 

        Receivables 

        Balance at January 1, 2025 
        
       $
       3,184

        Current period credit for expected credit losses 

       (145
       )

        Balance at September 30, 2025 
        
       $
       3,039

    (4)  REVENUE RECOGNITION 

   See Note (13) - “Segment and Geographic Distribution of Operations” for revenue by segment and in total for the worldwide fleet.
    
   Contract Balances
    
   At  September 30, 2025, we had $0.1 million of deferred mobilization costs included within Prepaid expenses and other current assets and $0.8 million of deferred mobilization costs included in Other assets. At  December 31, 2024, we had $1.1 million of deferred mobilization costs included with Prepaid expenses and other current assets and $0.6 million of deferred mobilization costs included in Other assets.
    
   At  September 30, 2025, we had $3.9 million of deferred mobilization revenue included within Accrued expenses and $3.6 million of deferred mobilization revenue included in Other liabilities that will be recognized from 2025 through 2027. At  December 31, 2024, we have $9.4 million of deferred mobilization revenue included within Accrued expenses and $2.1 million of deferred mobilization revenue included in Other liabilities.
    
   During the nine months ended  September 30, 2025, the amount of revenue recognized that was included in deferred mobilization revenue at the beginning of the period was $8.6 million. The amount of revenue recognized in the prior year period was immaterial.

       9

    (5)  STOCKHOLDERS’ EQUITY AND DILUTIVE EQUITY INSTRUMENTS 

   Earnings per share
    
   For the nine months ended  September 30, 2025 and 2024, and for the three months