STRATEGIC REVIEW EXPENSES |
6 Months Ended |
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Jun. 30, 2024 | |
Other Income and Expenses [Abstract] | |
STRATEGIC REVIEW EXPENSES | STRATEGIC REVIEW EXPENSES During the first quarter of 2024, the Company announced that its Board had initiated a review of strategic alternatives for the DynaEnergetics and NobelClad segments. In conjunction with the Board’s consideration of various strategic, business, and financial alternatives, the Company has, and will continue to incur, significant expenses. During the three months ended June 30, 2024, strategic review expenses incurred were $2,020 and primarily included $1,030 in professional service fees and $863 in employee retention compensation, including $106 of stock-based compensation. During the six months ended June 30, 2024, strategic review expenses incurred were $4,189 and primarily included $2,170 in professional service fees and $1,351 in employee retention compensation, including $178 of stock-based compensation.
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