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BUSINESS SEGMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Information | Segment information is as follows:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net sales: |  |  |  |  |  |  |
Arcadia Products | $ | 57,818 |  |  | $ | 71,455 |  |  | $ | 189,491 |  |  | $ | 230,951 |
DynaEnergetics | 69,679 |  |  | 72,998 |  |  | 224,011 |  |  | 239,720 |
NobelClad | 24,932 |  |  | 27,694 |  |  | 76,975 |  |  | 74,481 |
Net sales | $ | 152,429 |  |  | $ | 172,147 |  |  | $ | 490,477 |  |  | $ | 545,152 |
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
(Loss) income before income taxes: |  |  |  |  |  |  |
Arcadia Products | $ | (145,122) |  |  | $ | 6,476 |  |  | $ | (139,991) |  |  | $ | 19,189 |
DynaEnergetics | (3,049) |  |  | 10,871 |  |  | 12,845 |  |  | 41,772 |
NobelClad | 4,969 |  |  | 5,232 |  |  | 15,001 |  |  | 12,560 |
Segment operating (loss) income | (143,202) |  |  | 22,579 |  |  | (112,145) |  |  | 73,521 |
Unallocated corporate expenses (1) | (4,377) |  |  | (3,382) |  |  | (14,531) |  |  | (14,283) |
Unallocated stock-based compensation (2) | (1,356) |  |  | (1,495) |  |  | (3,886) |  |  | (7,319) |
Other (expense) income, net | (520) |  |  | 302 |  |  | (1,213) |  |  | (337) |
Interest expense, net | (2,113) |  |  | (2,392) |  |  | (6,746) |  |  | (7,205) |
(Loss) income before income taxes | $ | (151,568) |  |  | $ | 15,612 |  |  | $ | (138,521) |  |  | $ | 44,377 |
(1) Unallocated corporate expenses includes strategic review expenses of $1,763 and $5,952 for the three and nine months ended September 30, 2024 (2) Stock-based compensation is not allocated to wholly owned segments DynaEnergetics and NobelClad. Stock-based compensation is allocated to the Arcadia Products segment as 60% of such expense is attributable to the Company, whereas the remaining 40% is attributable to the redeemable noncontrolling interest holder.
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Depreciation and amortization: |  |  |  |  |  |  |
Arcadia Products | $ | 6,192 |  |  | $ | 6,621 |  |  | $ | 18,510 |  |  | $ | 19,631 |
DynaEnergetics | 1,642 |  |  | 1,697 |  |  | 5,039 |  |  | 5,212 |
NobelClad | 807 |  |  | 712 |  |  | 2,377 |  |  | 2,152 |
Segment depreciation and amortization | 8,641 |  |  | 9,030 |  |  | 25,926 |  |  | 26,995 |
Corporate and other | 81 |  |  | 97 |  |  | 245 |  |  | 300 |
Consolidated depreciation and amortization | $ | 8,722 |  |  | $ | 9,127 |  |  | $ | 26,171 |  |  | $ | 27,295 |
Schedule of Net Sales Based on the Geographic Location of the Customer | Arcadia Products
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
West | $ | 48,020 |  |  | $ | 58,572 |  |  | $ | 156,171 |  |  | 183,829 |
South | 5,656 |  |  | 6,869 |  |  | 18,967 |  |  | 22,261 |
Northeast | 2,025 |  |  | 4,001 |  |  | 7,410 |  |  | 17,991 |
Midwest | 2,117 |  |  | 2,013 |  |  | 6,943 |  |  | 6,870 |
Total Arcadia Products | $ | 57,818 |  |  | $ | 71,455 |  |  | $ | 189,491 |  |  | $ | 230,951 |
DynaEnergetics
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 53,924 |  |  | $ | 56,739 |  |  | $ | 170,916 |  |  | $ | 189,104 |
Canada | 5,809 |  |  | 4,975 |  |  | 18,920 |  |  | 17,883 |
India | 201 |  |  | 383 |  |  | 6,344 |  |  | 1,959 |
Oman | 1,770 |  |  | 2,414 |  |  | 6,281 |  |  | 5,548 |
Kuwait | 2,340 |  |  | 1,342 |  |  | 4,792 |  |  | 3,492 |
Indonesia | 306 |  |  | 630 |  |  | 1,748 |  |  | 2,318 |
Rest of the world(1) | 5,329 |  |  | 6,515 |  |  | 15,010 |  |  | 19,416 |
Total DynaEnergetics | $ | 69,679 |  |  | $ | 72,998 |  |  | $ | 224,011 |  |  | $ | 239,720 |
(1) Rest of the world does not include any individual country comprising sales greater than 5% of total DynaEnergetics revenue for the periods presented. NobelClad
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 12,656 |  |  | $ | 13,279 |  |  | $ | 39,644 |  |  | $ | 33,643 |
Canada | 1,225 |  |  | 2,334 |  |  | 8,697 |  |  | 6,048 |
China | 2,273 |  |  | 743 |  |  | 3,562 |  |  | 3,810 |
Saudi Arabia | 2,133 |  |  | 1,106 |  |  | 2,746 |  |  | 3,104 |
Netherlands | 891 |  |  | 276 |  |  | 2,700 |  |  | 1,038 |
Germany | 684 |  |  | 1,579 |  |  | 2,549 |  |  | 4,393 |
United Arab Emirates | 1,340 |  |  | 607 |  |  | 2,495 |  |  | 3,273 |
France | 709 |  |  | 1,021 |  |  | 2,408 |  |  | 2,101 |
South Africa | 7 |  |  | 2 |  |  | 1,323 |  |  | 1,155 |
Australia | 245 |  |  | 534 |  |  | 1,100 |  |  | 677 |
Italy | 151 |  |  | 352 |  |  | 1,031 |  |  | 1,314 |
South Korea | 116 |  |  | 3,691 |  |  | 640 |  |  | 4,294 |
Belgium | 106 |  |  | 463 |  |  | 491 |  |  | 1,937 |
Brazil | — |  |  | 88 |  |  | — |  |  | 1,834 |
Rest of the world (1) | 2,396 |  |  | 1,619 |  |  | 7,589 |  |  | 5,860 |
Total NobelClad | $ | 24,932 |  |  | $ | 27,694 |  |  | $ | 76,975 |  |  | $ | 74,481 |
(1) Rest of the world does not include any individual country comprising sales greater than 5% of total NobelClad revenue for the periods presented.

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