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BUSINESS SEGMENTS
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
 
Our business is organized into two segments:  NobelClad and DynaEnergetics. NobelClad is a global leader in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. DynaEnergetics designs, manufactures and distributes products utilized by the global oil and gas industry principally for the perforation of oil and gas wells.
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, 2016.  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 six months ended June 30, 2017 and 2016 as follows:
 
 
Three months ended June 30,
 
Six months ended June 30,
 
2017
 
2016
 
2017
 
2016
Net sales:
 
 
 
 
 
 
 
NobelClad
$
20,369

 
$
26,407

 
$
37,303

 
$
51,459

DynaEnergetics
26,821

 
14,910

 
48,849

 
30,390

 
 
 
 
 
 
 
 
Consolidated net sales
$
47,190

 
$
41,317

 
$
86,152

 
$
81,849



 
Three months ended June 30,
 
Six months ended June 30,
 
2017
 
2016
 
2017
 
2016
Operating income (loss)
 
 
 
 
 
 
 
NobelClad
$
2,322

 
$
4,130

 
$
2,716

 
$
5,639

DynaEnergetics
1,998

 
(2,901
)
 
2,040

 
(1,981
)
 
 
 
 
 
 
 
 
Segment operating income
4,320

 
1,229

 
4,756

 
3,658

 
 
 
 
 
 
 
 
Unallocated corporate expenses
(1,527
)
 
(1,443
)
 
(3,698
)
 
(3,444
)
Stock-based compensation
(811
)
 
(608
)
 
(1,382
)
 
(1,121
)
Other income (expense), net
(949
)
 
304

 
(529
)
 
336

Interest expense
(330
)
 
(397
)
 
(836
)
 
(561
)
Interest income
—

 
1

 
1

 
2

 
 
 
 
 
 
 
 
Income (loss) before income taxes
$
703

 
$
(914
)
 
$
(1,688
)
 
$
(1,130
)

 
Three months ended June 30,
 
Six months ended June 30,
 
2017
 
2016
 
2017
 
2016
Depreciation and amortization:
 
 
 
 
 
 
 
NobelClad
$
1,006

 
$
1,062

 
$
1,994

 
$
1,994

DynaEnergetics
1,704

 
1,703

 
3,381

 
3,284

 
 
 
 
 
 
 
 
Segment depreciation and amortization
$
2,710

 
$
2,765

 
$
5,375

 
$
5,278



During the six months ended June 30, 2017 and 2016, no one customer accounted for more than 10% of total net sales.