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

Company: TIDEWATER INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 ended  September 30, 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.
    
   For the three months ended  September 30, 2025, we reported a net loss from operations. Our basic and diluted earnings per share for this quarter are based on our weighted average common shares outstanding.
    
   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  
  September 30, 2025  September 30, 2024 
 Balance at June 30, 2025 and 2024  $7,273  $5,062 
 Unrealized gain on note receivable   —   130 
 Pension benefits recognized in OCI   621   (600)
 Balance at September 30, 2025 and 2024  $7,894  $4,592 

     (In Thousands)   Nine Months Ended  
   September 30, 2025    September 30, 2024  
 Balance at December 31, 2024 and 2023  $6,060  $5,266 
 Unrealized gain on note receivable   —   283 
 Pension benefits recognized in OCI   1,834   (957)
 Balance at September 30, 2025 and 2024  $7,894  $4,592 

   Dilutive Equity Instruments
    
   The following table presents the outstanding number of common shares, “in-the-money” warrants and restricted stock units:

     Total shares outstanding including warrants and restricted stock units   September 30, 2025    September 30, 2024  
 Common shares outstanding   49,562,017   52,322,461 
 New creditor warrants (strike price $0.001 per common share)   21,400   76,175 
 GulfMark creditor warrants (strike price $0.01 per common share)   53,555   77,313 
 Restricted stock units   600,759   695,576 
 Total   50,237,731