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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
 
Our business is organized into two segments:  NobelClad and DynaEnergetics. NobelClad's revenues are generated principally from cladding two dissimilar metals together using an explosion-welding process to form plates or transition joints. The clad plates and transition joints are sold to customers that fabricate industrial equipment for various industries, including oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation and industrial refrigeration. DynaEnergetics manufactures, markets and sells oilfield perforating equipment and explosives, including detonating cords, detonators, bi-directional boosters and shaped charges, and seismic related explosives and accessories.

Due to the AMK sale in 2014, the operating results of AMK have been classified as discontinued operations in all periods presented. All prior periods segment disclosures have been conformed to the 2015 presentation. Refer to Note 9 "Discontinued Operations" for further details.    
The accounting policies of all of the segments are the same as those described in the summary of significant accounting policies included herein and in our Annual Report on Form 10-K for the year ended December 31, 2014.  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 presented for the three and nine months ended September 30, 2015 and 2014 as follows:
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Net sales:
 
 
 
 
 
 
 
NobelClad
$
21,306

 
$
23,607

 
$
66,699

 
$
74,402

DynaEnergetics
18,202

 
28,279

 
58,369

 
76,164

 
 
 
 
 
 
 
 
Consolidated net sales
$
39,508

 
$
51,886

 
$
125,068

 
$
150,566



 
Three months ended September 30,
 
Nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Income before income taxes:
 
 
 
 
 
 
 
NobelClad
$
1,672

 
$
1,911

 
$
4,479

 
$
6,353

DynaEnergetics
(655
)
 
3,777

 
(201
)
 
11,056

 
 
 
 
 
 
 
 
Segment operating income
1,017

 
5,688

 
4,278

 
17,409

 
 
 
 
 
 
 
 
Unallocated corporate expenses
(1,305
)
 
(1,319
)
 
(5,771
)
 
(4,441
)
Stock-based compensation
(653
)
 
(963
)
 
(2,737
)
 
(2,704
)
Other income (expense)
(1,463
)
 
472

 
(299
)
 
369

Interest expense
(255
)
 
(137
)
 
(700
)
 
(420
)
Interest income
—

 
1

 
4

 
6

 
 
 
 
 
 
 
 
Income (loss) before income taxes and discontinued operations
$
(2,659
)
 
$
3,742

 
$
(5,225
)
 
$
10,219


 
Three months ended September 30,
 
Nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Depreciation and amortization:
 
 
 
 
 
 
 
NobelClad
$
1,013

 
$
1,681

 
$
3,116

 
$
5,095

DynaEnergetics
1,537

 
1,720

 
4,617

 
4,917

 
 
 
 
 
 
 
 
Segment depreciation and amortization
$
2,550

 
$
3,401

 
$
7,733

 
$
10,012



During the three and nine months ended September 30, 2015 and 2014, no one customer accounted for more than 10% of total net sales.