Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 134

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 ExpenseYear ending December 31, 2025$709 Year ending December 31, 20262,833 Year ending December 31, 20272,833 Year ending December 31, 20282,579 Year ending December 31, 20292,579 Thereafter4,218 

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NOTE 11 – 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:(in thousands)September 30, 2025December 31, 2024Balance at beginning of period$2,748 $3,521 Additions1,298 2,811 Expirations and other changes(1,411)(3,134)Payments(43)(467)Translation and other17 17 Balance at end of period$2,609 $2,748 

We record estimated expense 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 12 – PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS

Components of net periodic benefit cost (benefit) included in net income (loss) are as follows:Pension BenefitsOther BenefitsThree Months Ended September 30,Nine Months Ended September 30,Three Months Ended September 30,Nine Months Ended September 30,(in thousands)20252024202520242025202420252024Interest cost$10,012 $10,593 $30,036 $31,780 $63 $70 $189 $210 Expected return on plan assets(9,438)(10,953)(28,325)(32,862)— — — — Amortization of prior service cost75 50 225 150 71 173 213 519 Benefit plans, net (1)649 (310)1,936 (932