Company: BWNB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001630805-25-000019
Chunk: 106

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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):AOCI componentLine items in the Condensed Consolidated Statements of Operations affected by reclassifications from AOCI Three Months Ended March 31,20252024Pension and post retirement adjustments, net of taxBenefit plans, net(124)(231)Net loss$(124)$(231)

NOTE 17 – FAIR VALUE MEASUREMENTS

The following tables summarize financial assets carried at fair value, all of which were valued from readily available prices (known as "Level 1" in the fair value hierarchy established by ASC 820, Fair Value Measurements and Disclosures).Securities(in thousands)March 31, 2025Level 1Corporate notes and bonds$5,117 $5,117 United States Government and agency securities1,752 1,752 Total fair value of securities$6,869 $6,869 (in thousands)December 31, 2024Level 1Corporate notes and bonds$5,196 $5,196 United States Government and agency securities1,598 1,598 Total fair value of securities$6,794 $6,794 Investments in securities are presented as $4.5 million in Other current assets and $2.4 million in Other assets as of March 31, 2025 in the Condensed Consolidated Balance Sheets with contractual maturities ranging from 0-5 years.Senior NotesSee Note 12 above in the Condensed Consolidated Financial Statements for a discussion of our senior notes. The fair value of the senior notes is based on readily available quoted market prices (known as "Level 1") as of March 31, 2025:(in thousands)March 31, 2025Senior NotesCarrying ValueEstimated Fair Value8.125% Senior Notes due 2026 ("BWSN")$193,035 $163,308 6.50% Senior Notes due 2026 ("BWNB")$151,440 $112,247 

31

Other Financial InstrumentsWe used the following methods and assumptions in estimating fair value amounts for other financial instruments:•Cash and cash equivalents and restricted cash and cash equivalents. The carrying amounts reported in the accompanying Condensed Consolidated Balance Sheets for cash and cash equivalents and restricted cash and cash equivalents approximate their fair value due to their highly liquid nature and classified as Level 1.

•Revolving Debt. We base the fair value of debt instruments on quoted market prices. Where quoted prices are not