Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 183

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 183
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 of business, which exposes us to the risk of exchange rate losses. To minimize the financial impact of these items, we attempt to contract a significant majority of our services in U.S. dollars. In addition, we attempt to minimize the financial impact of these risks by matching the currency of the company’s operating costs with the currency of the revenue streams when considered appropriate. We continually monitor the currency exchange risks associated with all contracts not denominated in U.S. dollars.
    
   Legal Proceedings 
    
   We are named defendants or parties in certain lawsuits, claims or proceedings incidental to or arising in the ordinary course of business. Although the outcome of such lawsuits or other proceedings cannot be predicted with certainty and the amount of any liability that could arise with respect to such lawsuits or other proceedings cannot be predicted accurately, we do not expect these matters to have a material adverse effect on our financial position, operating results and cash flows.

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    (13)  ACCRUED EXPENSES, OTHER CURRENT LIABILITIES, AND OTHER 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 

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   (14)     SEGMENT INFORMATION, GEOGRAPHICAL DATA AND