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RESTRUCTURING AND ASSET IMPAIRMENTS | 9 Months Ended
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Sep. 30, 2019
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND ASSET IMPAIRMENTS | RESTRUCTURING AND ASSET IMPAIRMENTS During the third quarter of 2019, DynaEnergetics completed a series of capacity expansion initiatives at its plants in North America and Germany. The new capacity improved DynaEnergetics’ operating efficiencies and enabled the business to more effectively serve its global customer base. Capitalizing on its more efficient manufacturing footprint, DynaEnergetics ceased its operations in Tyumen, Siberia in September 2019. In conjunction with shutting down operations, DynaEnergetics recorded a non-cash asset impairment charge of $4,620 within “Restructuring expenses, net and asset impairments”, which was calculated by comparing the estimated fair value less costs to sell to the carrying value of the assets. DynaEnergetics also recorded $1,260 in severance charges within “Restructuring expenses, net and asset impairments” and a non-cash inventory write down of $630 recorded within “Cost of products sold” associated with the decision to cease operations in Siberia. As of September 30, 2019, total DynaEnergetics Siberia’s assets classified as held for sale was $4,534. As necessary, we will continue to assess remaining Siberian assets for impairment in the fourth quarter of 2019. Once the entity is substantially liquidated, we will incur additional restructuring expenses related to the reclassification of cumulative currency translation losses, which approximated $8 million as of September 30, 2019. During the fourth quarter of 2017, NobelClad announced plans to consolidate its European production facilities by closing manufacturing operations in France. During the third quarter of 2018, final approval of the proposed measures was granted by the local workers council, in accordance with applicable French law. NobelClad completed the closure of the Rivesaltes production facility in the fourth quarter of 2018 but is maintaining its sales and administrative office in France. During the second quarter of 2019, NobelClad sold its production facility and related assets and recognized a gain of $519. NobelClad also recorded an additional accrual of $712 for known and probable severance liabilities related to employees terminated as part of closing the manufacturing operations in France. The additional severance accrual was recorded based, in part, on a successful appeal of severance benefits by some terminated employees during the second quarter of 2019. Total restructuring and impairment charges incurred for these programs are as follows and are reported in the “Restructuring expenses, net and asset impairments” line item in our Condensed Consolidated Statements of Operations:
| Three months ended September 30, 2019
| Severance |  | Asset impairment |  | Contract Termination Costs |  | Equipment Moving Costs |  | Other Exit Costs |  | Total
NobelClad | $ | 2 |  |  | $ | — |  |  | $ | (4 | ) |  | $ | 7 |  |  | $ | 13 |  |  | $ | 18 |
DynaEnergetics | 1,260 |  |  | 4,620 |  |  | — |  |  | — |  |  | — |  |  | 5,880 |
Total | $ | 1,262 |  |  | $ | 4,620 |  |  | $ | (4 | ) |  | $ | 7 |  |  | $ | 13 |  |  | $ | 5,898 |
| Nine months ended September 30, 2019
| Severance |  | (Gain on asset disposal) / Asset impairment |  | Contract Termination Costs |  | Equipment Moving Costs |  | Other Exit Costs |  | Total
NobelClad | $ | 714 |  |  | $ | (636 | ) |  | $ | 39 |  |  | $ | 234 |  |  | $ | 69 |  |  | $ | 420 |
DynaEnergetics | 1,260 |  |  | 4,620 |  |  | — |  |  | — |  |  | — |  |  | 5,880 |
Total | $ | 1,974 |  |  | $ | 3,984 |  |  | $ | 39 |  |  | $ | 234 |  |  | $ | 69 |  |  | $ | 6,300 |
| Three months ended September 30, 2018
| Severance |  | Equipment Moving Costs |  | Other Exit Costs |  | Total
NobelClad | $ | 65 |  |  | $ | 119 |  |  | $ | 8 |  |  | $ | 192 |
| Nine months ended September 30, 2018
| Severance |  | Equipment Moving Costs |  | Other Exit Costs |  | Total
NobelClad | $ | 300 |  |  | $ | 119 |  |  | $ | 134 |  |  | $ | 553 |
During the nine months ended September 30, 2019, the changes to the restructuring liability associated with these programs is summarized below:
| December 31, 2018 |  | Net expense (1) |  | Payments and Other Adjustments |  | September 30, 2019
Severance | $ | 1,105 |  |  | $ | 1,974 |  |  | $ | (930 | ) |  | $ | 2,149 |
Contract termination costs | — |  |  | 39 |  |  | (39 | ) |  | — |
Equipment moving costs | 8 |  |  | 234 |  |  | (241 | ) |  | 1 |
Other exit costs | 42 |  |  | 69 |  |  | (108 | ) |  | 3 |
Total | $ | 1,155 |  |  | $ | 2,316 |  |  | $ | (1,318 | ) |  | $ | 2,153 |
(1) Excluding asset impairment related to DynaEnergetics Siberia and gain on asset disposal related to NobelClad France.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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