Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 426

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 426
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 period provision for expected credit losses   3,305 
 Write offs   (1,484)
 Recoveries   490 
 Other   (457)
 Balance at December 31, 2023  $15,914 
 Current period credit for expected credit losses   (1,430)
 Write offs (A)   (10,969)
 Other   (331)
 Balance at December 31, 2024  $3,184 

    (A)  Primarily the write off of the remaining balance due from our Nigerian joint venture. 

   Stock-Based Compensation
    
   Stock-based compensation transactions are accounted for using a fair-value-based method. We use the Black-Scholes option-pricing model to determine the fair-value of stock-based option awards. The fair value of time based stock awards is the stock price on the grant date of the award. We use a Monte Carlo simulation model to determine the fair value of stock-based performance awards that contain market conditions.
    
   Comprehensive Income (Loss)
    
   We report total comprehensive income (loss) and its components. Accumulated other comprehensive income (loss) is comprised of any minimum pension liability for our U.S. Defined Benefits Pension Plans and an unrealized gain (loss) on a note receivable.
    
   Fair Value Measurements 
    
   We follow the provisions of ASC 820, for financial assets and liabilities that are measured and reported at fair value on a recurring basis. ASC 820 establishes a hierarchy for inputs used in measuring fair value. Fair value is calculated based on assumptions that market participants would use in pricing assets and liabilities and not on assumptions specific to the entity. The statement requires that each asset and liability carried at fair value be classified into one of the following categories:
    
   Level 1: Quoted market prices in active markets for identical assets or liabilities 
    
   Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data 
    
   Level 3: Unobservable inputs that are not corroborated by market data 

       81

   Our primary financial instruments consist of cash and cash equivalents, restricted cash, trade receivables and trade payables with book values that are considered to be representative of their respective fair values.
    
   Our cash equivalents, which are securities with maturities less than three months, are held in commercial paper, money market funds or time deposit accounts with highly rated financial institutions. The carrying value for