SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

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 Products		DynaEnergetics		NobelClad		DMC Global Inc.
Allowance for doubtful accounts, December 31, 2023	$	60	$	1,838	$	57	$	1,955

Current period provision for expected credit losses	—		514		—		514
Write-offs charged against the allowance			—		—		—
Recoveries of amounts previously reserved	—		(38)		—		(38)
Impacts of foreign currency exchange rates and other	—		(1)		(1)		(2)
Allowance for doubtful accounts, March 31, 2024	$	60	$	2,313	$	56	$	2,429

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 March 31,
	2024		2023
Net income attributable to DMC Global Inc. stockholders, as reported	$	2,563	$	909
Adjustment of redeemable noncontrolling interest	(2,307)		(1,138)

Less: Undistributed net income available to participating securities	(5)		—
Numerator for basic net income (loss) per share:	251		(229)
Add: Undistributed net income allocated to participating securities	5		—
Less: Undistributed net income reallocated to participating securities	(5)		—
Numerator for diluted net income (loss) per share:	$	251	$	(229)
Denominator:
Weighted average shares outstanding for basic net income (loss) per share	19,610,644		19,462,636
Effect of dilutive securities (1)	11,811		—
Weighted average shares outstanding for diluted net income (loss) per share	19,622,455		19,462,636
Net income (loss) per share attributable to DMC Global Inc. stockholders
Basic	$	0.01	$	(0.01)
Diluted	$	0.01	$	(0.01)

(1) For the three months ended March 31, 2024, 10,052 shares have been excluded as their effect would have been anti-dilutive. Given we were in a net loss position after the adjustment of redeemable noncontrolling interest for the three months ended March 31, 2023, all potentially dilutive shares were anti-dilutive and were therefore excluded from the determination of diluted EPS.

Schedule of Defined Compensation Plan

The balances related to the deferred compensation plan were as follows for the periods presented. The amounts included within “Prepaid expenses and other” and “Other current liabilities” pertain to scheduled distributions per the terms of the Plan that will occur within twelve months of March 31, 2024.


	Balance Sheet location	March 31, 2024		December 31, 2023
Deferred compensation assets	Prepaid expenses and other	$	1,392	$	1,428
Deferred compensation assets	Other assets	7,391		8,449
Deferred compensation obligations	Other current liabilities	1,392		1,428
Deferred compensation obligations	Other long-term liabilities	10,970		12,078