Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 34

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 34
---
026 $5,645 $764 $96 $1,233 $289 Interest cost16,759 11,377 41,994 34,140 1,294 503 2,695 1,511 Expected return on plan assets(20,796)(15,072)(51,787)(45,225)(486)(487)(1,459)(1,461)Amortization of prior service cost 792 820 2,375 2,460 22 11 66 34 Net periodic benefit (income) / loss$1,201 $(995)$1,608 $(2,980)$1,594 $123 $2,535 $373 

NOTE 5 – COMMITMENTS AND CONTINGENCIES

There were no material contingencies during the period covered by this Form 10-Q.

NOTE 6 – FAIR VALUE MEASUREMENTS

InvestmentsThe following is a summary of our investments measured at fair value at September 30, 2025:TotalLevel 1Level 2Level 3Unclassified (In thousands)Equity securitiesMutual funds$8,008 $— $8,008 $— $— Total$8,008 $— $8,008 $— $— The following is a summary of our investments measured at fair value at December 31, 2024:TotalLevel 1Level 2Level 3Unclassified (In thousands)Equity securitiesMutual funds$8,775 $— $8,775 $— $— Available-for-sale securitiesCorporate bonds1,834 1,834 — — — Total$10,609 $1,834 $8,775 $— $— We estimate the fair value of investments based on quoted market prices. For investments for which there are no quoted market prices, we derive fair values from available yield curves for investments of similar quality and terms.DerivativesLevel 2 derivative assets and liabilities currently consist of FX forward contracts. Where applicable, the value of these derivative assets and liabilities is computed by discounting the projected future cash flow amounts to present value using market-based observable inputs, including FX forward and spot rates, interest rates and counterparty performance risk adjustments. At September 30, 2025 and December 31, 2024, we had FX forward