Company: TDDWW
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024640
Chunk: 28

Company: TIDEWATER INC
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
.1 million and $0.6 million of deferred mobilization costs included with Prepaid expenses and other current assets and Other assets.
    
   At  June 30, 2025, we had $6.1 million of deferred mobilization revenue included within Accrued expenses and $4.0 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 and $2.1 million of deferred mobilization revenue included within Accrued expenses and Other liabilities.
    
   During the six months ended  June 30, 2025, the amount of revenue recognized that was included in deferred mobilization revenue at the beginning of the period was $7.8 million. The amount of revenue recognized in prior year period was immaterial.

       9

    (5)  STOCKHOLDERS’ EQUITY AND DILUTIVE EQUITY INSTRUMENTS 

   Earnings per share
    
   For the six months ended  June 30, 2025 and 2024, we reported net income from operations. Our diluted earnings per share for these periods is based on our weighted average common shares outstanding and is computed using the treasury stock method for our outstanding “in-the-money” warrants and restricted stock units.
    
   Accumulated Other Comprehensive Income
    
   The following tables present the changes in accumulated other comprehensive income (OCI) by component, net of tax:

     (In Thousands)   Three Months Ended  
  June 30, 2025  June 30, 2024 
 Balance at March 31, 2025 and 2024  $6,607  $5,209 
 Unrealized gain on note receivable   —   73 
 Pension benefits recognized in OCI   666   (220)
 Balance at June 30, 2025 and 2024  $7,273  $5,062 

     (In Thousands)   Six Months Ended  
   June 30, 2025    June 30, 2024  
 Balance at December 31, 2024 and 2023  $6,060  $5,266 
 Unrealized gain on note receivable   —   153