Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 683

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 683
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   The following table discloses our customers that accounted for 10% or more of total revenues:

       Year Ended December 31,  
   2024    2023    2022  
 Eni S.p.A   12.3%  10.3%  * 
 Chevron Corporation   *   *   12.3%

   * Less than 10% of total revenues.

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    (15)  RESTRUCTURING CHARGES 

   In 2022, we recorded additional severance costs relating to the SPO Acquisition. Lease exit and severance and integration costs are included in general and administrative expenses in our Consolidated Statements of Operations.
    
   Activity for the lease exit and severance and integration liabilities for the three years ended  December 31, 2024 were:

               Severance and     
   Lease Exit Costs    Integration Costs      
 (In Thousands)   Europe/           
  Mediterranean  Corporate  Company  Total 
 Balance at January 1, 2022  $1,147  $362  $—  $1,509 
 Charges   (146)  26   5,800   5,680 
 Cash payments   (376)  (388)  —   (764)
 Balance at December 31, 2022  $625  $—  $5,800  $6,425 
 Charges   27   —   —   27 
 Cash payments   (652)  —   (5,800)  (6,452)
 Balance at December 31, 2023 and 2024  $—  $—  $—  $— 

       116

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 

None.

ITEM 9A. CONTROLS AND PROCEDURES 

Evaluation of Disclosure Controls and Procedures 

Disclosure controls and procedures are designed with the objective of providing reasonable assurance that information required to be disclosed in our reports, filed or submitted under the Securities Exchange Act of 1934 (Exchange Act), such as this Annual Report on Form 10-K, is recorded, processed, summarized and reported within the