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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
 
Our business is organized into three segments: Arcadia Products, DynaEnergetics and NobelClad. In December 2021, DMC acquired a 60% controlling interest in Arcadia Products. Arcadia Products designs, engineers, fabricates, and finishes aluminum framing systems, windows, curtain walls, storefronts, entrance systems, and interior partitions to the commercial construction market. Additionally, Arcadia Products supplies customized windows and doors for the ultra-high-end residential construction market. DynaEnergetics designs, manufactures, markets, and sells perforating systems and associated hardware for the global oil and gas industry. NobelClad produces explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints for commuter rail cars, ships, and liquified natural gas (LNG) processing equipment.

Our reportable segments are separately managed, strategic business units that offer different products and services, and each segment has separate financial information available that is evaluated regularly by the Chief Operating Decision Maker ("CODM") in allocating resources and assessing performance. 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 September 30,Nine months ended September 30,
2024202320242023
Net sales:
Arcadia Products$57,818 $71,455 $189,491 $230,951 
DynaEnergetics69,679 72,998 224,011 239,720 
NobelClad24,932 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,
2024202320242023
(Loss) income before income taxes:
Arcadia Products$(145,122)$6,476 $(139,991)$19,189 
DynaEnergetics(3,049)10,871 12,845 41,772 
NobelClad4,969 5,232 15,001 12,560 
Segment operating (loss) income(143,202)22,579 (112,145)73,521 
Unallocated corporate expenses (1)
(4,377)(3,382)(14,531)(14,283)
Unallocated stock-based compensation (2)
(1,356)(1,495)(3,886)(7,319)
Other (expense) income, net(520)302 (1,213)(337)
Interest expense, net(2,113)(2,392)(6,746)(7,205)
(Loss) income before income taxes$(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,
2024202320242023
Depreciation and amortization:
Arcadia Products$6,192 $6,621 $18,510 $19,631 
DynaEnergetics1,642 1,697 5,039 5,212 
NobelClad807 712 2,377 2,152 
Segment depreciation and amortization8,641 9,030 25,926 26,995 
Corporate and other81 97 245 300 
Consolidated depreciation and amortization$8,722 $9,127 $26,171 $27,295 

The disaggregation of revenue earned from contracts with customers is based on the geographic location of the customer. For Arcadia Products, net sales have been presented consistent with United States regional definitions as provided by the American Institute of Architects. For DynaEnergetics and NobelClad, all net sales are from products shipped from our manufacturing facilities and distribution centers located in the United States, Germany, and Canada.

Arcadia Products
 Three months ended September 30,Nine months ended September 30,
 2024202320242023
West$48,020 $58,572 $156,171 183,829 
South5,656 6,869 18,967 22,261 
Northeast2,025 4,001 7,410 17,991 
Midwest2,117 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,
 2024202320242023
United States$53,924 $56,739 $170,916 $189,104 
Canada5,809 4,975 18,920 17,883 
India201 383 6,344 1,959 
Oman1,770 2,414 6,281 5,548 
Kuwait2,340 1,342 4,792 3,492 
Indonesia306 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,
 2024202320242023
United States$12,656 $13,279 $39,644 $33,643 
Canada1,225 2,334 8,697 6,048 
China2,273 743 3,562 3,810 
Saudi Arabia2,133 1,106 2,746 3,104 
Netherlands891 276 2,700 1,038 
Germany684 1,579 2,549 4,393 
United Arab Emirates1,340 607 2,495 3,273 
France709 1,021 2,408 2,101 
South Africa7 2 1,323 1,155 
Australia245 534 1,100 677 
Italy151 352 1,031 1,314 
South Korea116 3,691 640 4,294 
Belgium106 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.

During the three and nine months ended September 30, 2024, one DynaEnergetics customer accounted for approximately 25% and 23%, respectively, of consolidated net sales. During the three and nine months ended September 30, 2023, the same DynaEnergetics customer accounted for approximately 15% and 12%, respectively, of consolidated net sales. Additionally, the same DynaEnergetics customer accounted for approximately 30% and 32% of consolidated accounts receivable as of September 30, 2024 and December 31, 2023, respectively.