Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 52

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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52,595 

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NOTE 10 – INTANGIBLE ASSETS

Intangible assets are as follows: (in thousands)September 30, 2025December 31, 2024Definite-lived intangible assets  Customer relationships$26,065 $25,462 Unpatented technology3,636 3,703 Patented technology1,912 1,912 Trade name1,815 1,792 All other275 275 Gross value of definite-lived intangible assets33,703 33,144 Customer relationships amortization(13,644)(11,717)Unpatented technology amortization(1,376)(1,129)Patented technology amortization(1,371)(1,158)Trade name amortization(1,286)(1,224)All other amortization(275)(275)Accumulated amortization(17,952)(15,503)Net definite-lived intangible assets $15,751 $17,641 Indefinite-lived intangible assets  Trademarks and trade names$1,058 $1,058 Total intangible assets, net$16,809 $18,699 The following summarizes the changes in the carrying amount of intangible assets, net:(in thousands)September 30, 2025Balance at beginning of period $18,699 Amortization expense(2,217)Currency translation adjustments327 Balance at end of the period$16,809 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 September 30, 2025 is as follows:(in thousands)Amortization ExpenseYear ending December 31, 2025$709 Year ending December 31, 20262,833 Year ending December 31, 20272,833 Year ending December 31, 20282,579 Year ending December 31, 20292,579 Thereafter4,218 

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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:(in thousands)September 30, 2025December 31, 2024Balance at beginning of period$2,748 $3,521 Additions1,298