Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 50

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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,831 1,792 All other275 275 Gross value of definite-lived intangible assets34,209 33,144 Customer relationships amortization(13,223)(11,717)Unpatented technology amortization(1,325)(1,129)Patented technology amortization(1,300)(1,158)Trade name amortization(1,277)(1,224)All other amortization(275)(275)Accumulated amortization(17,400)(15,503)Net definite-lived intangible assets $16,809 $17,641 Indefinite-lived intangible assetsTrademarks and trade names$1,058 $1,058 Total intangible assets, net$17,867 $18,699 The following summarizes the changes in the carrying amount of intangible assets, net:(in thousands)June 30, 2025Balance at beginning of period $18,699 Amortization expense(1,475)Currency translation adjustments643 Balance at end of the period$17,867 Amortization of intangible assets is included in Cost of operations and SG&A in the Condensed Consolidated Statement of Operations.Estimated future intangible asset amortization expense as of June 30, 2025 is as follows:(in thousands)Amortization ExpenseYear ending December 31, 20251,454 Year ending December 31, 20262,892 Year ending December 31, 20272,892 Year ending December 31, 20282,633 Year ending December 31, 20292,633 Thereafter4,305 

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NOTE 11 – ACCRUED WARRANTY EXPENSE

We may offer assurance-type warranties on products and services sold to customers. Changes in the carrying amount of accrued warranty expense are as follows:Six Months Ended June 30,(in thousands)20252024Balance at beginning of period$2,748 $3,857 Additions894 929 Expirations and other changes(1,039)(395)Payments(32)(185)Translation and other28 (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