Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 296

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 296
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 LIABILITIES 

   A summary of accrued expenses as of  December 31, is as follows:

     (In Thousands)       
  2024  2023 
 Payroll and related payables  $43,256  $34,989 
 Accrued vessel expenses   42,762   48,076 
 Accrued interest expense   16,727   17,128 
 Other accrued expenses   27,149   25,397 
  $129,894  $125,590 

   A summary of other current liabilities as of  December 31, is as follows:

     (In Thousands)       
  2024  2023 
 Taxes payable  $48,122  $44,461 
 Other   16,826   10,672 
  $64,948  $55,133 

   A summary of other liabilities as of  December 31, is as follows:

     (In Thousands)       
  2024  2023 
 Pension liabilities  $17,525  $19,003 
 Liability for uncertain tax positions   24,582   27,319 
 Other   18,289   18,663 
  $60,396  $64,985 

       110

   (14)     SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS
    
   Each of our five operating segments is led by senior management reporting to our Chief Executive Officer, the chief operating decision maker (CODM). Our operating segments comprise the structure used by our CODM to make key operating decisions and assess performance. Discrete financial information is available for each of the segments, and our Chief Executive Officer uses the results of each of the operating segments for resource allocation and performance evaluation. Our CODM evaluates the segments’ operating performance based on segment operating income. Segment operating income is defined as segment revenues less segment costs and expenses. The CODM primarily considers segment operating income for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment.
    
   The following table provides a comparison of revenues, vessel operating profit, depreciation and amortization, additions to properties and equipment and assets by segment and in total. Vessel operating profit is calculated as vessel revenues less vessel operating costs, segment depreciation expenses, and segment general and administrative costs.