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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 9,578 $ 8,200
Accounts receivable, net of allowance for doubtful accounts of $340 and $406, respectively 32,018 36,981
Inventory, net 41,708 48,320
Prepaid expenses and other 3,982 5,091
Current deferred tax assets 2,564 2,074
Total current assets 89,850 100,666
PROPERTY, PLANT AND EQUIPMENT 104,208 90,621
Less - accumulated depreciation (40,708) (36,645)
Property, plant and equipment, net 63,500 53,976
GOODWILL, net 37,553 37,431
PURCHASED INTANGIBLE ASSETS, net 37,646 41,958
DEFERRED TAX ASSETS 505 804
OTHER ASSETS, net 500 596
TOTAL ASSETS 229,554 235,431
CURRENT LIABILITIES:    
Accounts payable 9,135 11,281
Accrued expenses 4,321 4,564
Dividend payable 550 540
Accrued income taxes 1,325 406
Accrued employee compensation and benefits 5,547 4,977
Customer advances 1,392 1,363
Current debt obligations 65 1,046
Current portion of capital lease obligations 33 52
Current deferred tax liabilities 274 149
Total current liabilities 22,642 24,378
LINES OF CREDIT 25,550 37,779
LONG-TERM DEBT 5 55
CAPITAL LEASE OBLIGATIONS 0 19
DEFERRED TAX LIABILITIES 8,429 9,211
OTHER LONG-TERM LIABILITIES 1,755 1,433
Total liabilities 58,381 72,875
COMMITMENTS AND CONTINGENT LIABILITIES      
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.05 par value; 4,000,000 shares authorized; no issued and outstanding shares 0 0
Common stock, $0.05 par value; 25,000,000 shares authorized; 13,759,007 and 13,519,555 shares issued and outstanding, respectively 688 676
Additional paid-in capital 62,099 60,158
Retained earnings 113,670 108,101
Other cumulative comprehensive loss (5,464) (6,463)
Total Dynamic Materials Corporation’s stockholders’ equity 170,993 162,472
Non-controlling interest 180 84
Total stockholders’ equity 171,173 162,556
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 229,554 $ 235,431