BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Information

Segment information is as follows:

 

	Three months ended March 31,
	2023		2022
Net sales:
Arcadia	$	80,338	$	67,968
DynaEnergetics	81,968		48,887
NobelClad	22,035		21,861
Net sales	$	184,341	$	138,716

	Three months ended March 31,
	2023		2022
Income (loss) before income taxes:
Arcadia	$	3,133	$	(2,443)
DynaEnergetics	13,168		3,298
NobelClad	2,621		705
Segment operating income	18,922		1,560
Unallocated corporate expenses	(7,254)		(3,368)
Unallocated stock-based compensation*	(4,448)		(2,102)
Other expense, net	(200)		(209)
Interest expense, net	(2,381)		(1,024)
Income (loss) before income taxes	$	4,639	$	(5,143)

	Three months ended March 31,
	2023		2022
Depreciation and amortization:
Arcadia	$	6,469	$	13,349
DynaEnergetics	1,787		1,984
NobelClad	740		915
Segment depreciation and amortization	8,996		16,248
Corporate and other	71		87
Consolidated depreciation and amortization	$	9,067	$	16,335

* Stock-based compensation is not allocated to wholly owned segments DynaEnergetics and NobelClad. Stock-based compensation is allocated to the Arcadia segment as 60% of such expense is attributable to the Company, whereas the remaining 40% is attributable to the redeemable noncontrolling interest holder.

Disaggregation of Revenue

In the tables below, net sales for Arcadia have been presented consistent with United States regional definitions as provided by the American Institute of Architects. The geographic distribution of net sales for DynaEnergetics and NobelClad is based on the customer location.

Arcadia

	Three months ended March 31,
	2023		2022
West	$	62,282	$	56,204
South	8,553		5,839
Northeast	6,853		3,217
Midwest	2,650		2,708
Total Arcadia	$	80,338	$	67,968

DynaEnergetics

	Three months ended March 31,
	2023		2022
United States	$	64,649	$	38,743
Canada	7,040		4,749
United Arab Emirates	1,788		1,213
Oman	1,747		928
Kuwait	1,357		542
Indonesia	704		342
India	623		230
Rest of the world(1)	4,060		2,140
Total DynaEnergetics	$	81,968	$	48,887

(1) Rest of the world does not include any individual country comprising sales greater than 2% of total DynaEnergetics revenue.

NobelClad

	Three months ended March 31,
	2023		2022
United States	$	9,119	$	9,155
China	2,206		2,357
United Arab Emirates	1,860		998
Canada	1,855		1,438
Germany	1,271		587
United Kingdom	796		49
Italy	671		413
France	558		351
Sweden	497		—
Belgium	466		276
South Africa	430		843
Norway	365		234
Netherlands	353		491
Spain	295		199
India	2		2,325
Rest of the world	1,291		2,145
Total NobelClad	$	22,035	$	21,861

(1) Rest of the world does not include any individual country comprising sales greater than 2% of total NobelClad revenue.