CONTRACT LIABILITIES

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

CONTRACT LIABILITIES

CONTRACT LIABILITIES

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

	March 31, 2024		December 31, 2023
Arcadia Products	$	12,527	$	13,815
NobelClad	5,420		6,662
DynaEnergetics	1,230		1,144
Total contract liabilities	$	19,177	$	21,621

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