SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Allowance for Credit Losses on Receivables

The following table summarizes activity in the allowance for credit losses on receivables from DynaEnergetics and NobelClad customers:


	DynaEnergetics		NobelClad		DMC Global Inc.
Allowance for doubtful accounts, December 31, 2019	$	945	$	22	$	967
Adjustment for cumulative effect from change in accounting principle	50		—		50
Current period provision for expected credit losses	3,015		312		3,327
Write-offs charged against the allowance	(1,066)		(201)		(1,267)
Recoveries of amounts previously reserved	(208)		(134)		(342)
Impacts of foreign currency exchange rates and other	(27)		1		(26)
Allowance for doubtful accounts, September 30, 2020	$	2,709	$	—	$	2,709

Schedule of Computation and Reconciliation of Earnings Per Common Share

For the periods presented, diluted EPS using the treasury stock method was less dilutive than the two-class method; as such, only the two-class method has been included below.


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
Net income (loss), as reported	$	1,008	$	6,915	(485)		39,329
Less: Distributed net income available to participating securities	—		(14)		—		(19)
Less: Undistributed net income available to participating securities	(17)		(39)		—		(287)
Numerator for basic net income (loss) per share:	991		6,862		(485)		39,023
Add: Undistributed net income allocated to participating securities	17		39		—		287
Less: Undistributed net income reallocated to participating securities	(17)		(39)		—		(283)
Numerator for diluted net income (loss) per share:	991		6,862		(485)		39,027
Denominator:
Weighted average shares outstanding for basic net income (loss) per share	14,820,881		14,632,276		14,759,062		14,589,655
Effect of dilutive securities (1)	—		218,890		—		210,477
Weighted average shares outstanding for diluted net income (loss) per share	14,820,881		14,851,166		14,759,062		14,800,132
Net income (loss) per share
Basic	$	0.07	$	0.47	$	(0.03)	$	2.67
Diluted	$	0.07	$	0.46	$	(0.03)	$	2.64

(1) For the three and nine months ended September 30, 2020, 30,087 and 19,394, respectively, shares have been excluded as their effect would have been anti-dilutive.