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BUSINESS SEGMENTS
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
 
Our business is organized into two segments:  NobelClad and DynaEnergetics. NobelClad's revenues are generated principally from cladding two dissimilar metals together using an explosion-welding process to form plates or transition joints. The clad plates and transition joints are sold to customers that fabricate industrial equipment for various industries, including oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation and industrial refrigeration. DynaEnergetics manufactures, markets and sells oilfield perforating equipment and explosives, including detonating cords, detonators, bi-directional boosters and shaped charges, and seismic related explosives and accessories.
The accounting policies of all of the segments are the same as those described in the summary of significant accounting policies included herein and in our Annual Report on Form 10-K for the year ended December 31, 2015.  Our reportable segments are separately managed strategic business units that offer different products and services. Each segment’s products are marketed to different customer types and require different manufacturing processes and technologies.
Segment information is presented for the three months ended March 31, 2016 and 2015 as follows:
 
 
Three months ended March 31,
 
2016
 
2015
Net sales:
 
 
 
NobelClad
$
25,052

 
$
23,944

DynaEnergetics
15,480

 
16,875

 
 
 
 
Consolidated net sales
$
40,532

 
$
40,819



 
Three months ended March 31,
 
2016
 
2015
Income before income taxes:
 
 
 
NobelClad
$
1,508

 
$
1,821

DynaEnergetics
920

 
(794
)
 
 
 
 
Segment operating income
2,428

 
1,027

 
 
 
 
Unallocated corporate expenses
(1,927
)
 
(3,016
)
Stock-based compensation
(586
)
 
(1,237
)
Other income (expense)
32

 
1,124

Interest expense
(164
)
 
(182
)
Interest income
1

 
3

 
 
 
 
Income (loss) before income taxes and discontinued operations
$
(216
)
 
$
(2,281
)

 
Three months ended March 31,
 
2016
 
2015
Depreciation and amortization:
 
 
 
NobelClad
$
932

 
$
1,157

DynaEnergetics
1,581

 
1,515

 
 
 
 
Segment depreciation and amortization
$
2,513

 
$
2,672



During the three months ended March 31, 2016 and 2015, no one customer accounted for more than 10% of total net sales.