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BUSINESS SEGMENTS
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
 
Our business is organized into three segments: Arcadia Products, DynaEnergetics and NobelClad. In December 2021, DMC acquired a 60% controlling interest in Arcadia Products. Arcadia Products designs, engineers, fabricates, and finishes aluminum framing systems, windows, curtain walls, storefronts, entrance systems, and interior partitions to the commercial construction market. Additionally, Arcadia supplies customized windows and doors for the ultra-high-end residential construction market. DynaEnergetics designs, manufactures, markets, and sells perforating systems and associated hardware for the global oil and gas industry. NobelClad produces explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints for commuter rail cars, ships, and liquified natural gas (LNG) processing equipment.

Our reportable segments are separately managed, strategic business units that offer different products and services, and each segment has separate financial information available that is evaluated regularly by the Chief Operating Decision Maker ("CODM") in allocating resources and assessing performance. Each segment’s products are marketed to different customer types and require different manufacturing processes and technologies.
Segment information is as follows:
 
Three months ended March 31,
20242023
Net sales:
Arcadia Products$61,925 $80,338 
DynaEnergetics78,122 81,968 
NobelClad26,822 22,035 
Net sales$166,869 $184,341 

Three months ended March 31,
20242023
Income (loss) before income taxes:
Arcadia Products$(588)$3,133 
DynaEnergetics8,842 13,168 
NobelClad5,100 2,621 
Segment operating income13,354 18,922 
Unallocated corporate expenses(5,531)(7,254)
Unallocated stock-based compensation*
(1,135)(4,448)
Other expense, net(409)(200)
Interest expense, net(2,317)(2,381)
Income before income taxes$3,962 $4,639 

Three months ended March 31,
20242023
Depreciation and amortization:
Arcadia Products$6,152 $6,469 
DynaEnergetics1,697 1,787 
NobelClad780 740 
Segment depreciation and amortization8,629 8,996 
Corporate and other82 71 
Consolidated depreciation and amortization$8,711 $9,067 

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

The disaggregation of revenue earned from contracts with customers is based on the geographic location of the customer. For Arcadia Products, net sales have been presented consistent with United States regional definitions as provided by the American Institute of Architects. For DynaEnergetics and NobelClad, all net sales are from products shipped from our manufacturing facilities and distribution centers located in the United States, Germany, and Canada.
Arcadia Products
 Three months ended March 31,
 20242023
West$50,765 $62,282 
South5,614 8,553 
Northeast2,817 6,853 
Midwest2,729 2,650 
Total Arcadia Products$61,925 $80,338 

DynaEnergetics
 Three months ended March 31,
 20242023
United States$60,069 $64,649 
Canada6,431 7,040 
India2,942 623 
Oman2,069 1,747 
Ukraine1,237 — 
Kuwait1,076 1,357 
Rest of the world(1)
4,298 6,552 
Total DynaEnergetics$78,122 $81,968 

(1) Rest of the world does not include any individual country comprising sales greater than 5% of total DynaEnergetics revenue for the periods presented.

NobelClad
 Three months ended March 31,
 20242023
United States$12,360 $9,119 
Canada5,435 1,855 
China1,230 2,206 
Germany1,035 1,271 
Netherlands871 353 
France864 558 
South Africa794 430 
Bahrain656 205 
Italy601 671 
United Arab Emirates556 1,860 
Sweden386 497 
Belgium113 466 
Rest of the world (1)
1,921 2,544 
Total NobelClad$26,822 $22,035 

(1) Rest of the world does not include any individual country comprising sales greater than 5% of total NobelClad revenue for the periods presented.

During the three months ended March 31, 2024 and 2023, one DynaEnergetics customer accounted for approximately 23% and 10%, respectively, of consolidated net sales. The same DynaEnergetics customer accounted for approximately 31% and 32% of consolidated accounts receivable as of March 31, 2024 and December 31, 2023, respectively.