Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 666

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 666
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9%  18%
 Debt securities   40%  33%
 Equity securities   49%  46%
 Total   100%  100%

   Fair Value of Pension Plans Assets 
    
   Tidewater’s pension plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, except for investments for which fair value is measured using the net asset value per share expedient.
    
   The following table provides the fair value hierarchy for our domestic pension plan measured at fair value as of  December 31, 2024:

           Quoted prices in    Significant    Significant      
       active    observable    unobservable    Measured at  
 (In Thousands)      markets    inputs    inputs    Net Asset  
  Fair Value  (Level 1)  (Level 2)  (Level 3)  Value 
 Pension plan measured at fair value:                     
 Equity securities  $14,927  $14,927  $—  $—  $— 
 Debt securities   11,962   2,192   9,770   —   — 
 Alternative securities   2,631   —   —   2,631   — 
 Cash and cash equivalents   734   —   734   —   — 
 Total fair value of pension plan assets  $30,254  $17,119  $10,504  $2,631  $— 

   The fair value hierarchy for the pension plans assets measured at fair value as of  December 31, 2023, are as follows:

           Quoted prices in    Significant    Significant      
       active    observable    unobservable    Measured at  
 (In Thousands)      markets    inputs    inputs    Net Asset  
  Fair Value  (Level 1)  (Level 2)  (Level 3)  Value 
 Pension plan measured at fair value:                     
 Equity securities  $14,269  $14,212  $57  $—  $— 
 Debt securities   10,058