Company: TDDWW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-034124
Chunk: 29

Company: TIDEWATER INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
 plan (supplemental plan) that was closed to new participants in 2010. We contributed $0.9 million and $1.1 million to the supplemental plan for the nine months ended  September 30, 2025 and 2024, respectively, and expect to contribute $0.3 million during the remainder of 2025. Our estimated obligations under the supplemental plan were $14.3 million and $16.3 million at  September 30, 2025 and  December 31, 2024, respectively, and are included in “accrued expenses” and “other liabilities” in the Condensed Consolidated Balance Sheets.
    
   Net Periodic Benefit Costs
    
   The net periodic benefit cost for our pension plans and supplemental plan (collectively, Pension Benefits) is comprised of the following components:

     (In Thousands)   Three Months Ended    Nine Months Ended  
   September 30, 2025    September 30, 2024    September 30, 2025    September 30, 2024  
 Pension Benefits:                 
 Interest cost  $618  $629  $1,855  $1,889 
 Expected return on plan assets   (458)  (444)  (1,373)  (1,334)
 Amortization of net actuarial gains   (55)  (30)  (165)  (91)
 Net periodic pension cost  $105  $155  $317  $464 

   The components of the net periodic pension cost are included in the caption “Interest income and other, net.”

       12

    (8)  DEBT 

   The following is a summary of all debt outstanding:

     (In Thousands)         
   September 30, 2025    December 31, 2024  
 Senior bonds:         
 9.125% Senior Notes due July 2030 (A)  $650,000  $— 
 Vessel Facility Agreements   21,897   10,387 
 Senior Secured Term Loan (B)   —   212,500 
 10.375% Senior Unsecured Notes due July 2028 (C)   —   250,000 
 8