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BUSINESS SEGMENTS | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | BUSINESS SEGMENTS Our business is organized into two segments: DynaEnergetics and NobelClad. DynaEnergetics designs, manufactures and distributes products utilized by the global oil and gas industry principally for the perforation of oil and gas wells. NobelClad is a global leader in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. 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 as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net sales |  |  |  |  |  |  |
DynaEnergetics | $ | 88,628 |  |  | $ | 58,899 |  |  | $ | 168,464 |  |  | $ | 108,020 |
NobelClad | 22,326 |  |  | 22,016 |  |  | 42,625 |  |  | 40,208 |
Net sales | $ | 110,954 |  |  | $ | 80,915 |  |  | $ | 211,089 |  |  | $ | 148,228 |
| Three months ended June 30, |  | Six months ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Operating income |  |  |  |  |  |  |
DynaEnergetics | $ | 26,813 |  |  | $ | 12,228 |  |  | $ | 49,923 |  |  | $ | 20,948 |
NobelClad | 1,923 |  |  | 1,703 |  |  | $ | 3,753 |  |  | $ | 1,691 |
Segment operating income | 28,736 |  |  | 13,931 |  |  | 53,676 |  |  | 22,639 |
Unallocated corporate expenses | (2,588 | ) |  | (2,618 | ) |  | (5,905 | ) |  | (5,306 | )
Stock-based compensation | (1,495 | ) |  | (1,084 | ) |  | (2,666 | ) |  | (1,792 | )
Other income (expense), net | 343 |  |  | (327 | ) |  | 322 |  |  | (704 | )
Interest expense, net | (409 | ) |  | (136 | ) |  | (782 | ) |  | (601 | )
Income before income taxes | $ | 24,587 |  |  | $ | 9,766 |  |  | $ | 44,645 |  |  | $ | 14,236 |
| Three months ended June 30, |  | Six months ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Depreciation and amortization |  |  |  |  |  |  |
DynaEnergetics | $ | 1,719 |  |  | $ | 1,575 |  |  | $ | 3,118 |  |  | $ | 3,134 |
NobelClad | 835 |  |  | 817 |  |  | 1,632 |  |  | 1,633 |
Segment depreciation and amortization | $ | 2,554 |  |  | $ | 2,392 |  |  | $ | 4,750 |  |  | $ | 4,767 |
The disaggregation of revenue earned from contracts with customers based on the geographic location of the customer is as follows. DynaEnergetics
| Three months ended June 30, |  | Six months ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
United States | $ | 75,323 |  |  | $ | 44,164 |  |  | 143,281 |  |  | 80,294 |
Canada | 2,919 |  |  | 8,556 |  |  | 6,376 |  |  | 14,341 |
United Arab Emirates | 1,594 |  |  | 365 |  |  | 4,098 |  |  | 888 |
France | 1 |  |  | 21 |  |  | 41 |  |  | 73 |
Ukraine | 1,678 |  |  | 1,109 |  |  | 3,410 |  |  | 1,513 |
Germany | 25 |  |  | 53 |  |  | 80 |  |  | 81 |
Russia | 570 |  |  | 1,144 |  |  | 1,055 |  |  | 2,426 |
India | 47 |  |  | 195 |  |  | 77 |  |  | 829 |
Egypt | 872 |  |  | 534 |  |  | 1,734 |  |  | 1,076 |
Indonesia | 941 |  |  | 164 |  |  | 1,180 |  |  | 184 |
Iraq | 690 |  |  | 245 |  |  | 886 |  |  | 319 |
China | — |  |  | — |  |  | 29 |  |  | 56 |
Italy | — |  |  | 21 |  |  | 18 |  |  | 31 |
Hong Kong | 61 |  |  | 302 |  |  | 61 |  |  | 302 |
Rest of the world | 3,907 |  |  | 2,026 |  |  | 6,138 |  |  | 5,607 |
Total DynaEnergetics | $ | 88,628 |  |  | $ | 58,899 |  |  | $ | 168,464 |  |  | $ | 108,020 |
NobelClad
| Three months ended June 30, |  | Six months ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
United States | $ | 12,304 |  |  | $ | 6,775 |  |  | 21,947 |  |  | 12,481 |
Canada | 1,335 |  |  | 1,631 |  |  | 3,359 |  |  | 3,424 |
United Arab Emirates | 289 |  |  | 259 |  |  | 1,273 |  |  | 390 |
France | 896 |  |  | 1,744 |  |  | 1,653 |  |  | 2,695 |
South Korea | 413 |  |  | 828 |  |  | 881 |  |  | 1,831 |
Germany | 828 |  |  | 640 |  |  | 1,831 |  |  | 2,253 |
India | 155 |  |  | 33 |  |  | 279 |  |  | 803 |
Spain | 285 |  |  | 464 |  |  | 346 |  |  | 632 |
Italy | 142 |  |  | 872 |  |  | 664 |  |  | 1,077 |
Australia | 397 |  |  | — |  |  | 845 |  |  | — |
China | — |  |  | 4,386 |  |  | — |  |  | 7,844 |
Netherlands | 378 |  |  | 821 |  |  | 1,012 |  |  | 1,312 |
Norway | 1,538 |  |  | 44 |  |  | 2,160 |  |  | 287 |
Sweden | 836 |  |  | 440 |  |  | 1,137 |  |  | 578 |
South Africa | 273 |  |  | 30 |  |  | 1,006 |  |  | 193 |
Rest of the world | 2,257 |  |  | 3,049 |  |  | 4,232 |  |  | 4,408 |
Total NobelClad | $ | 22,326 |  |  | $ | 22,016 |  |  | $ | 42,625 |  |  | $ | 40,208 |
During the three months ended June 30, 2019 and 2018, one customer in our DynaEnergetics segment accounted for greater than 10% of consolidated net sales. During the six months ended June 30, 2019, one customer in DynaEnergetics was responsible for more than 10% of consolidated net sales. During the six months ended June 30, 2018, no customer was responsible for more than 10% of consolidated net sales.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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