CONTRACT LIABILITIES

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

CONTRACT LIABILITIES

CONTRACT LIABILITIES

At times, we require customers to make advance payments prior to the shipment of their orders in order to help finance our inventory investment on large orders or to keep customers’ credit limits at acceptable levels. Contract liabilities were as follows for the periods presented:

	March 31, 2023		December 31, 2022
Arcadia	$	24,335	$	27,634
NobelClad	5,293		3,661
DynaEnergetics	1,570		785
Total contract liabilities	$	31,198	$	32,080

We generally expect to recognize the revenue associated with contract liabilities over a time period no longer than one year, but unforeseen circumstances can cause delays in shipments associated with contract liabilities, primarily supply chain delays and disruptions