Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 133

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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 business in connection with its sale, as discussed further in Note 4 to the Condensed Consolidated Financial Statements. We did not identify any impairment in the retained goodwill balances subsequent to the allocation of goodwill to the Diamond Power business. The following summarizes the changes in the net carrying amount of goodwill in the Condensed Consolidated Balance Sheets: (in thousands)B&W ThermalB&W RenewableB&W EnvironmentalTotalBalance at December 31, 2024$44,929 $6,482 $— $51,411 Currency translation adjustments1,035 149 — 1,184 Balance at September 30, 2025$45,964 $6,631 $— $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