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SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of inventory reserves and inventories, net of reserves
For the twelve months ended December 31, 2016, 2015, and 2014, we increased our inventory reserves and recognized expenses in cost of products sold in our consolidated statement of operations as follows:

 
 
2016
 
2015
 
2014
Increase in inventory reserve
 
$
544

 
$
565

 
$
1,146

Expense recorded
 
1,738

 
1,952

 
1,287



Inventories, net of reserves of $4,226 and $3,682 most of which related to finished goods, consist of the following at December 31, 2016 and 2015 respectively:

 
2016
 
2015
Raw materials
$
10,926

 
$
14,513

Work-in-process
5,417

 
8,112

Finished goods
12,146

 
12,320

Supplies
344

 
504

 
 
 
 
 
$
28,833

 
$
35,449
Schedule of property, plant and equipment
Depreciation is computed using the straight-line method over the estimated useful life of the related asset (except leasehold improvements which are depreciated over the shorter of their estimated useful life or the lease term) as follows:
 
Buildings and improvements
15-30 years
Manufacturing equipment and tooling
3-15 years
Furniture, fixtures, and computer equipment
3-10 years
Other
3-10 years





Gross property, plant and equipment consist of the following at December 31, 2016 and 2015:
 
 
 
2016
 
2015
Land
 
$
3,654

 
$
3,380

Buildings and improvements
 
41,952

 
41,429

Manufacturing equipment and tooling
 
42,851

 
38,599

Furniture, fixtures and computer equipment
 
15,997

 
16,777

Other
 
4,152

 
2,937

Construction in process
 
821

 
3,401

 
 
 
 
 
 
 
$
109,427

 
$
106,523
Schedule of goodwill
The changes to the carrying amount of goodwill during the period are summarized below: 
 
NobelClad
 
DynaEnergetics
 
Total
Goodwill balance at December 31, 2014
$
19,418

 
$
13,344

 
$
32,762

Adjustment due to recognition of tax benefit of tax amortization of certain goodwill
(326
)
 
(563
)
 
(889
)
Adjustment due to exchange rate differences
(1,902
)
 
(1,317
)
 
(3,219
)
Goodwill impairment
—

 
(11,464
)
 
(11,464
)
 
 
 
 
 
 
Goodwill balance at December 31, 2015
17,190

 
—

 
17,190

Adjustment due to recognition of tax benefit of tax amortization of certain goodwill
(507
)
 
—

 
(507
)
Adjustment due to exchange rate differences
(586
)
 
—

 
(586
)
 
 
 
 
 
 
Goodwill balance at December 31, 2016
$
16,097

 
$
—

 
$
16,097
Schedule of purchased intangible assets, other than goodwill
The weighted average amortization periods of the intangible assets by asset category are as follows:
 
Core technology
20 years
Customer relationships
9 years
Trademarks / Trade names
9 years

 
The following table presents details of our purchased intangible assets, other than goodwill, as of December 31, 2016:
 
 
Gross
 
Accumulated
Amortization
 
Net
Core technology
$
17,751

 
$
(8,165
)
 
$
9,586

Customer relationships
36,088

 
(29,965
)
 
6,123

Trademarks / Trade names
1,903

 
(1,785
)
 
118

 
 
 
 
 
 
Total intangible assets
$
55,742

 
$
(39,915
)
 
$
15,827

 
The following table presents details of our purchased intangible assets, other than goodwill, as of December 31, 2015:
 
 
Gross
 
Accumulated
Amortization
 
Net
Core technology
$
18,524

 
$
(7,528
)
 
$
10,996

Customer relationships
36,830

 
(27,701
)
 
9,129

Trademarks / Trade names
1,988

 
(1,695
)
 
293

 
 
 
 
 
 
Total intangible assets
$
57,342

 
$
(36,924
)
 
$
20,418
Schedule of expected future amortization of intangible assets
Expected future amortization of intangible assets is as follows:
 
For the years ended December 31 -
 

2017
$
3,878

2018
2,687

2019
1,533

2020
1,533

2021
1,174

Thereafter
5,022

 
 
 
$
15,827
Schedule of research and development costs
Research and development costs are included in our cost of products sold and are as follows for the years ended December 31, 2016, 2015 and 2014:

 
 
2016
 
2015
 
2014
DynaEnergetics research and development costs
 
$
3,990

 
$
2,357

 
$
2,541

NobelClad research and development costs
 
609

 
685

 
558

Total research and development costs
 
$
4,599

 
$
3,042

 
$
3,099
Schedule of computation and reconciliation of earnings per common share
Computation and reconciliation of earnings per common share for the years ended December 31, 2016, 2015 and 2014 are as follows:
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
Income (loss) from continuing operations, net of non-controlling interest
$
(6,505
)
 
$
(23,971
)
 
$
1,926

Less income allocated to RSAs
—

 
—

 
(52
)
Income (loss) from continuing operations allocated to common stock for EPS calculation
(6,505
)
 
(23,971
)
 
1,874

Income from discontinued operations
—

 
—

 
641

Net income (loss) allocated to common stock for EPS calculation
$
(6,505
)
 
$
(23,971
)
 
$
2,515

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted average common shares outstanding - basic
14,126,108

 
13,935,097

 
13,687,485

Dilutive stock-based compensation plans
—

 
—

 
2,222

Weighted average common shares outstanding - diluted
14,126,108

 
13,935,097

 
13,689,707

 
 
 
 
 
 
Income (loss) per share - Basic:
 
 
 
 
 
Continuing operations
$
(0.46
)
 
$
(1.72
)
 
$
0.13

Discontinued operations
—

 
—

 
0.05

Net income (loss) allocated to common stock for EPS calculation
$
(0.46
)
 
$
(1.72
)
 
$
0.18

 
 
 
 
 
 
Income (loss) per share - Diluted:
 
 
 
 
 
Continuing operations
$
(0.46
)
 
$
(1.72
)
 
$
0.13

Discontinued operations
—

 
—

 
0.05

Net income (loss) allocated to common stock for EPS calculation
$
(0.46
)
 
$
(1.72
)
 
$
0.18