INVENTORIES

9 Months Ended

Sep. 30, 2024

Inventories are stated at the lower of cost (first-in, first-out) or net realizable value. Significant cost elements included in inventory are raw materials, labor, freight, subcontract costs, and manufacturing overhead. As necessary, we write down inventory to its net realizable value by recording provisions for excess, slow moving and obsolete inventory. To determine provision amounts, we regularly review inventory quantities on hand and values, and compare them to estimates of future product demand, market conditions, production requirements and technological developments.

Inventories consisted of the following at September 30, 2024:


	Arcadia Products		DynaEnergetics		NobelClad		DMC Global Inc.
Raw materials	$	10,564	$	24,925	$	8,793	$	44,282
Work-in-process	6,111		18,234		15,924		40,269
Finished goods	54,985		25,808		—		80,793
Supplies	—		—		292		292
Total inventories	$	71,660	$	68,967	$	25,009	$	165,636

Inventories consisted of the following at December 31, 2023:


	Arcadia Products		DynaEnergetics		NobelClad		DMC Global Inc.
Raw materials	$	9,257	$	26,107	$	7,089	$	42,453
Work-in-process	7,565		23,196		12,509		43,270
Finished goods	56,463		23,644		633		80,740
Supplies	—		—		249		249
Total inventories	$	73,285	$	72,947	$	20,480	$	166,712