SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Allowance for Credit Losses on Receivables

The following table summarizes year-to-date activity in the allowance for credit losses on receivables from customers in each of our business segments:


	Arcadia		DynaEnergetics		NobelClad		DMC Global Inc.
Allowance for doubtful accounts, December 31, 2022	$	244	$	603	$	78	$	925

Current period provision for expected credit losses	—		451		—		451
Write-offs charged against the allowance			(120)		—		(120)
Recoveries of amounts previously reserved	(184)		(126)		—		(310)
Impacts of foreign currency exchange rates and other	—		1		(2)		(1)
Allowance for doubtful accounts, September 30, 2023	$	60	$	809	$	76	$	945

Schedule of Computation and Reconciliation of Earnings Per Common Share

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


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Net income attributable to DMC Global Inc. stockholders, as reported	$	8,883	$	6,717	$	23,495	$	8,981
Adjustment of redeemable noncontrolling interest	(1,263)		2,256		(2,289)		(4,996)

Less: Undistributed net income available to participating securities	(118)		(136)		(329)		(61)
Numerator for basic net income per share:	7,502		8,837		20,877		3,924
Add: Undistributed net income allocated to participating securities	118		136		329		61
Less: Undistributed net income reallocated to participating securities	(117)		(136)		(328)		(61)
Numerator for diluted net income per share:	$	7,503	$	8,837	$	20,878	$	3,924
Denominator:
Weighted average shares outstanding for basic net income per share	19,543,251		19,381,489		19,492,212		19,352,638
Effect of dilutive securities (1)	53,324		305		48,766		4,695
Weighted average shares outstanding for diluted net income per share	19,596,575		19,381,794		19,540,978		19,357,333
Net income per share attributable to DMC Global Inc. stockholders
Basic	$	0.38	$	0.46	$	1.07	$	0.20
Diluted	$	0.38	$	0.46	$	1.07	$	0.20

(1) For the three and nine months ended September 30, 2023, 3,239 and 9,447 shares, respectively, have been excluded as their effect would have been anti-dilutive.

Schedule of Defined Compensation Plan

The balances related to the deferred compensation plan were as follows for the periods presented. The amount included within “Prepaid expenses and other” and “Other current liabilities” pertains to scheduled distributions per the terms of the Plan to our former Chief Executive Officer (“CEO”) that will occur within twelve months of September 30, 2023. Refer to Note 12 for additional information regarding the CEO transition.


	Balance Sheet location	September 30, 2023		December 31, 2022
Deferred compensation assets	Prepaid expenses and other	$	1,428	$	—
Deferred compensation assets	Other assets	8,087		13,566
Deferred compensation obligations	Other current liabilities	1,428		—
Deferred compensation obligations	Other long-term liabilities	11,673		15,292