Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 563

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 2
Chunk 563
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 Benefits paid   (4,371)  (5,104)  (5,667)
 Actuarial (gain) loss (A)   (250)  1,916   (16,681)
 Settlement   —   (13,861)  — 
 Benefit obligation at end of the period  $48,048  $50,097  $64,273 
 Change in plan assets:             
 Fair value of plan assets at beginning of the period  $30,843  $45,378  $56,779 
 Actual return   2,184   2,827   (7,337)
 Employer contributions   1,599   1,603   1,603 
 Benefits paid   (4,371)  (5,104)  (5,667)
 Settlement   —   (13,861)  — 
 Fair value of plan assets at end of the period   30,255   30,843   45,378 
 Unfunded status at end of the period  $(17,793) $(19,254) $(18,895)
 Net amount recognized in the balance sheet consists of:             
 Current liabilities  $(1,567) $(1,572) $(1,575)
 Noncurrent liabilities   (16,226)  (17,682)  (17,320)
 Net amount recognized  $(17,793) $(19,254) $(18,895)

         (A) The change in the actuarial (gain) loss for the three years ended  December 31, 2024 was primarily attributable to changes in the discount rate. 

   The following table provides combined information for pension plans with an accumulated benefit obligation in excess of plan assets (includes both the pension plans and supplemental plan):

     (In Thousands)   December 31,    December 31,  
   2024    2023  
 Projected and accumulated benefit obligation  $48,048  $50,097 
 Fair value of plan assets   30,255   30,843 

   Net periodic combined benefit cost for the pension plans and the supplemental plan includes the following components:

     (In Thousands)   Year Ended December 31,  
  2024