Company: BWXT
Filing Date: 2025-03-19
Form Type: 10-K/A
Source: 0001486957-25-000015
Chunk: 94

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: 10-K/A
Chunk 94
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aturities of our lease liabilities at December 31, 2024 were as follows (amounts in thousands):

| 2025                                  |     | $ |  3,930 |
| 2026                                  |     | $ |  3,243 |
| 2027                                  |     | $ |  2,357 |
| 2028                                  |     | $ |  2,305 |
| 2029                                  |     | $ |  2,013 |
| Thereafter                            |     | $ | 16,242 |
| Total lease payments                  |     | $ | 30,090 |
| Less: Interest                        |     | $ | -9,003 |
| Present value of lease liabilities(1) |     | $ | 21,087 |

(1) Includes current lease liabilities of $3.8 million.

At December 31, 2024, our right-of-use assets totaled $43.5 million. The difference between our right-of-use assets and lease liabilities primarily resulted from favorable lease agreements related to acquisitions.

#### Warranty Expense
We accrue estimated warranty expense, included in Cost of operations on our consolidated statements of income, to satisfy contractual warranty requirements when we recognize the associated revenue on the related contracts. In addition, we record specific provisions or reductions where we expect the actual warranty costs to significantly differ from the accrued estimates. Such changes could have a material effect on our consolidated financial condition, results of operations and cash flows. Included in Accrued liabilities – other on our consolidated balance sheets were accrued warranty expenses totaling $6.8 million and $6.4 million at December 31, 2024 and 2023, respectively.

#### Deferred Debt Issuance Costs
We have included deferred debt issuance costs in the consolidated balance sheets as a direct deduction from the carrying amount of our debt liability. We amortize deferred debt issuance costs as interest expense over the life of the related debt. The following summarizes the changes in the carrying amount of these assets:

|                                |     | Year Ended December 31, |   2024 |     |   |   2023 |     |   |   2022 |
|:-------------------------------|:----|:------------------------|-------:|:----|:--|-------:|:----|:--|-------:|
|                                |     | -In thousands           |        |     |   |        |     |   |        |
| Balance at beginning of period |