Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 102

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 102
---
 (20,709)410 (20,299)Balance at December 31, 2024$(85,487)$(1,173)$(86,660)The amounts reclassified out of AOCI by component and the affected Consolidated Statements of Operations line items are as follows (in thousands):AOCI componentLine items in the Consolidated Statements of Operations affected by reclassifications from AOCI Year ended December 31,202420232022Release of currency translation adjustment with the sale of businessIncome from discontinued operations$11,250 $— $— Pension and post retirement adjustments, net of taxBenefit plans, net(410)(870)(870)Net income$10,840 $(870)$(870)

NOTE 22 – FAIR VALUE MEASUREMENTS

The following tables summarize our financial assets and liabilities carried at fair value, all of which were valued from readily available prices or using inputs based upon quoted prices for similar instruments in active markets (known as "Level 1" and "Level 2" inputs, respectively, in the fair value hierarchy established by ASC 820, Fair Value Measurements).Available-For-Sale Debt Securities(in thousands)December 31, 2024Level 1Level 2Corporate notes and bonds$5,196 $5,196 $— United States government and agency securities1,598 1,598 — Total fair value of available-for-sale securities$6,794 $6,794 $— 

104

(in thousands)December 31, 2023Level 1Level 2Corporate notes and bonds$3,144 $3,144 $— Mutual funds3 — 3 United States government and agency securities3,906 3,906 — Total fair value of available-for-sale securities$7,053 $7,050 $3 Our investments in available-for-sale debt securities are presented in Other assets in the Consolidated Balance Sheets with contractual maturities ranging from 0-5 years.Senior NotesSee Note 15 above in the 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 as of December 31, 2024.(in thousands)December 31, 2024Senior NotesCarrying ValueEstimated Fair Value8.125% Senior Notes due 2026 ("BWSN")$193,035 $170