Company: BWXT
Filing Date: 2025-03-19
Form Type: 10-K/A
Source: 0001486957-25-000015
Chunk: 97

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: 10-K/A
Chunk 97
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 facility in Erwin, Tennessee in our Government Operations segment as well as certain facilities in our Commercial Operations segment. The following summarizes the changes in the carrying amount of these liabilities:

|                                |     | Year Ended December 31, |   2024 |     |   |   2023 |     |   |   2022 |
|:-------------------------------|:----|:------------------------|-------:|:----|:--|-------:|:----|:--|-------:|
|                                |     | -In thousands           |        |     |   |        |     |   |        |
| Balance at beginning of period |     | $                       | 79,541 |     | $ | 82,512 |     | $ | 84,132 |
| Costs incurred                 |     |                         | -1,172 |     |   | -3,471 |     |   | -1,223 |
| Additions/adjustments          |     |                         | -3,201 |     |   | -6,512 |     |   | -4,289 |
| Accretion                      |     |                         |  7,003 |     |   |  6,939 |     |   |  5,158 |
| Translation                    |     |                         |   -465 |     |   |     73 |     |   | -1,266 |
| Balance at end of period(1)    |     | $                       | 81,706 |     | $ | 79,541 |     | $ | 82,512 |

(1) Includes current asset retirement obligations of $1.1 million, $2.3 million and $4.7 million at December 31, 2024, 2023 and 2022, respectively.

#### Self-Insurance
We have a wholly owned insurance subsidiary that provides employer's liability, general and automotive liability and primary workers' compensation insurance and, from time to time, builder's risk insurance (within certain limits) to our companies. We may also, in the future, have this insurance subsidiary accept other risks that we cannot or do not wish to transfer to outside insurance companies. Included in Other Liabilities on our consolidated balance sheets were reserves for self-insurance totaling $4.4 million and $4.1 million at December 31, 2024 and 2023, respectively.

#### Loss Contingencies
We accrue liabilities for loss contingencies