Company: BWNB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001630805-25-000019
Chunk: 41

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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Trademarks and trade names$1,305 $1,305 Total intangible assets, net$18,418 $19,051 The following summarizes the changes in the carrying amount of intangible assets, net:(in thousands)March 31, 2025Balance at beginning of period $19,051 Amortization expense(742)Currency translation adjustments109 Balance at end of the period$18,418 Amortization of intangible assets is included in Cost of operations and SG&A in the Condensed Consolidated Statement of Operations.Estimated future intangible asset amortization expense as of March 31, 2025 is as follows:(in thousands)Amortization ExpenseYear ending December 31, 20252,022 Year ending December 31, 20262,674 Year ending December 31, 20272,674 Year ending December 31, 20282,674 Year ending December 31, 20292,660 Thereafter4,409 

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NOTE 10 – ACCRUED WARRANTY EXPENSE

We may offer assurance-type warranties on products and services sold to customers. Changes in the carrying amount of accrued warranty expense are as follows:Three Months Ended March 31,(in thousands)20252024Balance at beginning of period$3,446 $4,380 Additions534 439 Expirations and other changes(579)(374)Payments(24)(411)Translation and other18 (20)Balance at end of period$3,395 $4,014 We record estimated expense included in Cost of operations in the Condensed Consolidated Statements of Operations to satisfy contractual warranty requirements when we recognize the associated revenues on the related contracts, or in the case of a loss contract, the full amount of the estimated warranty costs is recognized when the contract becomes a loss contract. In addition, we record specific adjustments when we expect the actual warranty costs to significantly differ from the initial estimates. Factors that impact our estimate of warranty costs include prior history of warranty claims and our estimate of future costs of materials and labor. Such changes could have a material effect on our consolidated financial position, results of operations and cash flows.

NOTE 11 – PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS

Components of net periodic benefit cost (benefit) included in net loss are as follows:Pension BenefitsOther BenefitsThree Months Ended March 31,Three Months Ended March 31,(in thousands)202520