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BUSINESS SEGMENTS | 6 Months Ended
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Jun. 30, 2020
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, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Net sales |  |  |  |  |  |  |
DynaEnergetics | $ | 23,643 |  |  | $ | 88,628 |  |  | $ | 76,863 |  |  | $ | 168,464 |
NobelClad | 19,560 |  |  | 22,326 |  |  | 39,903 |  |  | 42,625 |
Net sales | $ | 43,203 |  |  | $ | 110,954 |  |  | $ | 116,766 |  |  | $ | 211,089 |
| Three months ended June 30, |  |  |  | Six months ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating (loss) income |  |  |  |  |  |  |
DynaEnergetics | $ | (6,895) |  |  | $ | 26,813 |  |  | $ | 1,711 |  |  | $ | 49,923 |
NobelClad | 1,985 |  |  | 1,923 |  |  | $ | 3,459 |  |  | $ | 3,753 |
Segment operating (loss) income | (4,910) |  |  | 28,736 |  |  | 5,170 |  |  | 53,676 |
Unallocated corporate expenses | (1,639) |  |  | (2,588) |  |  | (4,256) |  |  | (5,905) |
Stock-based compensation | (1,441) |  |  | (1,495) |  |  | (2,559) |  |  | (2,666) |
Other (expense) income, net | (85) |  |  | 343 |  |  | 32 |  |  | 322 |
Interest expense, net | (156) |  |  | (409) |  |  | (394) |  |  | (782) |
(Loss) income before income taxes | $ | (8,231) |  |  | $ | 24,587 |  |  | $ | (2,007) |  |  | $ | 44,645 |
| Three months ended June 30, |  |  |  | Six months ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Depreciation and amortization |  |  |  |  |  |  |
DynaEnergetics | $ | 1,772 |  |  | $ | 1,719 |  |  | $ | 3,544 |  |  | $ | 3,118 |
NobelClad | 881 |  |  | 835 |  |  | 1,715 |  |  | 1,632 |
Segment depreciation and amortization | 2,653 |  |  | 2,554 |  |  | 5,259 |  |  | 4,750 |
Corporate and other (1) | 64 |  |  | — |  |  | 164 |  |  | — |
Consolidated depreciation and amortization | $ | 2,717 |  |  | $ | 2,554 |  |  | $ | 5,423 |  |  | $ | 4,750 |
(1) Prior to Q4 2019, the Company fully allocated corporate and other depreciation to the segments. 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, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
United States | 11,335 |  |  | 75,323 |  |  | 57,607 |  |  | 143,281 |
India | 4,707 |  |  | 47 |  |  | 5,023 |  |  | 77 |
Egypt | 943 |  |  | 872 |  |  | 2,254 |  |  | 1,734 |
Malaysia | 531 |  |  | 123 |  |  | 912 |  |  | 123 |
Kuwait | 520 |  |  | 746 |  |  | 1,029 |  |  | 746 |
Indonesia | 467 |  |  | 941 |  |  | 946 |  |  | 1,180 |
Germany | 87 |  |  | 25 |  |  | 387 |  |  | 80 |
United Arab Emirates | 85 |  |  | 1,594 |  |  | 751 |  |  | 4,098 |
Pakistan | 40 |  |  | — |  |  | 384 |  |  | 340 |
Canada | — |  |  | 2,919 |  |  | 668 |  |  | 6,376 |
Iraq | 2,188 |  |  | 690 |  |  | 2,189 |  |  | 886 |
Rest of the world | 2,740 |  |  | 5,348 |  |  | 4,713 |  |  | 9,543 |
Total DynaEnergetics | $ | 23,643 |  |  | $ | 88,628 |  |  | $ | 76,863 |  |  | $ | 168,464 |
NobelClad
| Three months ended June 30, |  |  |  | Six months ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
United States | 10,462 |  |  | 12,304 |  |  | 19,505 |  |  | 21,947 |
United Arab Emirates | 1,881 |  |  | 289 |  |  | 2,620 |  |  | 1,273 |
Canada | 1,693 |  |  | 1,335 |  |  | 3,461 |  |  | 3,359 |
Germany | 802 |  |  | 828 |  |  | 1,788 |  |  | 1,831 |
Norway | 680 |  |  | 1,538 |  |  | 1,640 |  |  | 2,160 |
Spain | 626 |  |  | 285 |  |  | 1,873 |  |  | 346 |
France | 602 |  |  | 896 |  |  | 2,092 |  |  | 1,653 |
Netherlands | 369 |  |  | 378 |  |  | 915 |  |  | 1,012 |
Australia | 357 |  |  | 397 |  |  | 606 |  |  | 845 |
Singapore | 250 |  |  | — |  |  | 824 |  |  | — |
South Korea | 222 |  |  | 413 |  |  | 1,212 |  |  | 881 |
Sweden | 73 |  |  | 836 |  |  | 556 |  |  | 1,137 |
India | 69 |  |  | 155 |  |  | 146 |  |  | 279 |
Belgium | 46 |  |  | 598 |  |  | 410 |  |  | 1,483 |
Greece | 20 |  |  | 9 |  |  | 188 |  |  | 26 |
Rest of the world | 1,408 |  |  | 2,065 |  |  | 2,067 |  |  | 4,393 |
Total NobelClad | $ | 19,560 |  |  | $ | 22,326 |  |  | $ | 39,903 |  |  | $ | 42,625 |
During the three months ended June 30, 2020, no customers accounted for greater than 10% of consolidated net sales. During the six months ended June 30, 2020 and the three and six months ended June 30, 2019, one customer in our DynaEnergetics segment accounted for greater 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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