Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 132

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 132
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Intangible assets are as follows: (in thousands)June 30, 2025December 31, 2024Definite-lived intangible assetsCustomer relationships$26,477 $25,462 Unpatented technology3,714 3,703 Patented technology1,912 1,912 Trade name1,831 1,792 All other275 275 Gross value of definite-lived intangible assets34,209 33,144 Customer relationships amortization(13,223)(11,717)Unpatented technology amortization(1,325)(1,129)Patented technology amortization(1,300)(1,158)Trade name amortization(1,277)(1,224)All other amortization(275)(275)Accumulated amortization(17,400)(15,503)Net definite-lived intangible assets $16,809 $17,641 Indefinite-lived intangible assetsTrademarks and trade names$1,058 $1,058 Total intangible assets, net$17,867 $18,699 The following summarizes the changes in the carrying amount of intangible assets, net:(in thousands)June 30, 2025Balance at beginning of period $18,699 Amortization expense(1,475)Currency translation adjustments643 Balance at end of the period$17,867 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 June 30, 2025 is as follows:(in thousands)Amortization ExpenseYear ending December 31, 20251,454 Year ending December 31, 20262,892 Year ending December 31, 20272,892 Year ending December 31, 20282,633 Year ending December 31, 20292,633 Thereafter4,305 

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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:Six Months Ended June 30,(in thousands)20252024Balance at beginning of period$2,748 $3,857 Additions894 929 Expirations and other changes(1,039)(395)Payments(32)(185)Translation and other28 (