DMC Global (BOOM) 10-Q 29 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 28, 2016
Document and Entity Information
Entity Registrant Name	DYNAMIC MATERIALS CORP
Entity Central Index Key	34,067
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		14,385,491

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 5,595	$ 6,291
Accounts receivable, net of allowance for doubtful accounts of $684 and $974, respectively	32,858	35,798
Inventory, net	36,578	35,449
Prepaid expenses and other	12,302	8,916
Total current assets	87,333	86,454
PROPERTY, PLANT AND EQUIPMENT	109,594	106,523
Less - accumulated depreciation	(50,834)	(48,524)
Property, plant and equipment, net	58,760	57,999
GOODWILL, net	17,788	17,190
PURCHASED INTANGIBLE ASSETS, net	19,977	20,418
OTHER ASSETS, net	134	131
TOTAL ASSETS	183,992	182,192
CURRENT LIABILITIES:
Accounts payable	14,212	14,624
Accrued expenses	3,585	3,972
Accrued anti-dumping duties	6,409	6,374
Dividend payable	288	284
Accrued income taxes	467	2,783
Accrued employee compensation and benefits	2,695	2,465
Customer advances	7,370	2,396
Total current liabilities	35,026	32,898
LINES OF CREDIT	22,867	26,826
DEFERRED TAX LIABILITIES	1,739	2,119
OTHER LONG-TERM LIABILITIES	2,048	1,928
Total liabilities	$ 61,680	$ 63,771
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.05 par value; 4,000,000 shares authorized; no issued and outstanding shares	$ 0	$ 0
Common stock, $0.05 par value; 25,000,000 shares authorized; 14,385,491 and 14,212,115 shares issued and outstanding, respectively	720	711
Additional paid-in capital	70,985	70,408
Retained earnings	87,066	87,767
Other cumulative comprehensive loss	(36,459)	(40,465)
Total stockholders’ equity	122,312	118,421
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 183,992	$ 182,192

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 684	$ 974
Preferred stock, par value (in dollars per share)	$ 0.05	$ 0.05
Preferred stock, shares authorized	4,000,000	4,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.05	$ 0.05
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	14,385,491	14,212,115
Common stock, shares outstanding	14,385,491	14,212,115

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
NET SALES	$ 40,532	$ 40,819
COST OF PRODUCTS SOLD	30,147	30,116
Gross profit	10,385	10,703
COSTS AND EXPENSES:
General and administrative expenses	5,448	6,038
Selling and distribution expenses	4,023	4,878
Amortization of purchased intangible assets	999	1,017
Restructuring expenses	0	1,996
Total costs and expenses	10,470	13,929
INCOME (LOSS) FROM OPERATIONS	(85)	(3,226)
OTHER INCOME (EXPENSE):
Other income (expense), net	32	1,124
Interest expense	(164)	(182)
Interest income	1	3
INCOME (LOSS) BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS	(216)	(2,281)
INCOME TAX PROVISION	197	96
NET INCOME (LOSS)	$ (413)	$ (2,377)
INCOME (LOSS) PER SHARE
Basic (in dollars per share)	$ (0.03)	$ (0.17)
Diluted (in dollars per share)	$ (0.03)	$ (0.17)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:
Basic (in shares)	14,129,831	13,822,231
Diluted (in shares)	14,129,831	13,822,231
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	$ 0.02	$ 0.04

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (413)	$ (2,377)
Change in cumulative foreign currency translation adjustment	4,006	(10,717)
Total comprehensive income (loss)	$ 3,593	$ (13,094)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 3 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Other Cumulative Comprehensive Loss
Balances (in shares) at Dec. 31, 2015	14,212,115	14,212,115
Balances at Dec. 31, 2015	$ 118,421	$ 711	$ 70,408	$ 87,767	$ (40,465)
Increase (Decrease) in Stockholders' Equity
Net loss	(413)			(413)
Change in cumulative foreign currency translation adjustment	4,006				4,006
Shares issued in connection with stock compensation plans (in shares)		173,376
Shares issued in connection with stock compensation plans	0	$ 9	(9)
Stock-based compensation	586		586
Dividends declared	$ (288)			(288)
Balances (in shares) at Mar. 31, 2016	14,385,491	14,385,491
Balances at Mar. 31, 2016	$ 122,312	$ 720	$ 70,985	$ 87,066	$ (36,459)

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (413)	$ (2,377)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation (including capital lease amortization)	1,514	1,655
Amortization of purchased intangible assets	999	1,017
Amortization of deferred debt issuance costs	41	73
Stock-based compensation	586	724
Excess tax benefit from stock-based compensation	0	(23)
Deferred income tax provision (benefit)	(290)	(311)
Gain on disposal of property, plant and equipment	(11)	0
Restructuring charges	0	1,996
Change in:
Accounts receivable, net	3,612	3,979
Inventory, net	(325)	(4,933)
Prepaid expenses and other	(3,047)	(618)
Accounts payable	(927)	(2,122)
Customer advances	4,878	(1,301)
Accrued expenses and other liabilities	(2,812)	(1,591)
Net cash provided by (used in) operating activities	3,805	(3,832)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(435)	(891)
Proceeds on sale of property, plant and equipment	20	0
Net cash used in investing activities	(415)	(891)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings (repayments) on bank lines of credit, net	(3,998)	10,142
Payment on capital lease obligations	(2)	(1)
Payment of dividends	(284)	(559)
Payment of deferred debt issuance costs	0	(868)
Net proceeds from issuance of common stock to employees and directors	0	10
Excess tax benefit from stock-based compensation	0	23
Net cash provided by (used in) financing activities	(4,284)	8,747
EFFECTS OF EXCHANGE RATES ON CASH	198	(485)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(696)	3,539
CASH AND CASH EQUIVALENTS, beginning of the period	6,291	9,400
CASH AND CASH EQUIVALENTS, end of the period	$ 5,595	$ 12,939

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The information included in the condensed consolidated financial statements is unaudited but includes all normal and recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the interim periods presented. These condensed consolidated financial statements should be read in conjunction with the financial statements that are included in our Annual Report filed on Form 10-K for the year ended December 31, 2015 .

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The condensed consolidated financial statements include the accounts of Dynamic Materials Corporation ("DMC") and its controlled subsidiaries. Only subsidiaries in which controlling interests are maintained are consolidated. All significant intercompany accounts, profits, and transactions have been eliminated in consolidation. Income Taxes The effective tax rate for each of the periods reported differs from the U.S. statutory rate due primarily to favorable foreign permanent differences, variation in contribution to consolidated pre-tax income from each jurisdiction for the respective periods and differences between the U.S. and foreign tax rates (which range from 20% to 35% ) on earnings that have been permanently reinvested. We recognize deferred tax assets and liabilities for the expected future income tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. The deferred income tax impact of tax credits are recognized as an immediate adjustment to income tax expense. We recognize deferred tax assets for the expected future effects of all deductible temporary differences to the extent we believe these assets will more likely than not be realized. We record a valuation allowance when, based on current circumstances, it is more likely than not that all or a portion of the deferred tax assets will not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, recent financial operations and their associated valuation allowances, if any. We recognize the tax benefits from uncertain tax positions only when it is more likely than not, based on the technical merits of the position; the tax position will be sustained upon examination, including the resolution of any related appeals or litigation. The tax benefits recognized in the consolidated financial statements from such a position are measured as the largest benefit that is more likely than not of being realized upon ultimate resolution. We recognize interest and penalties related to uncertain tax positions in operating expense. Earnings Per Share Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our restricted stock awards (“RSAs”), are considered participating securities for purposes of calculating earnings per share (“EPS”) and require the use of the two class method for calculating EPS. Under this method, a portion of net income is allocated to these participating securities and therefore is excluded from the calculation of EPS allocated to common stock, as shown in the table below. Computation and reconciliation of earnings per common share are as follows: Three months ended March 31, 2016 2015 Numerator: Loss from continuing operations $ (413 ) $ (2,377 ) Less income allocated to RSAs — — Net loss allocated to common stock for EPS calculation (413 ) (2,377 ) Denominator: Weighted average common shares outstanding - basic 14,129,831 13,822,231 Dilutive stock-based compensation plans — — Weighted average common shares outstanding - diluted 14,129,831 13,822,231 Net income (loss) allocated to common stock for EPS calculation: Basic $ (0.03 ) $ (0.17 ) Diluted $ (0.03 ) $ (0.17 ) Fair Value of Financial Instruments The carrying value of cash and cash equivalents, trade accounts receivable and payable, accrued expenses and lines of credit approximate their fair value. Recently Adopted Accounting Standards In November 2015, the FASB issued an accounting standards update which requires that deferred tax liabilities and assets be classified as noncurrent in the statement of financial position based on an analysis of each taxpaying component within a jurisdiction. This ASU would be effective for the Company December 1, 2017, however the Company has elected to early adopt prospectively beginning with the year ended December 31, 2015, as is permitted under the standard. In April 2015, the Financial Accounting Standards Board ("FASB") issued an accounting standards update to revise the presentation of debt issuance costs. Under this pronouncement, entities will present debt issuance costs in their balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the deferred debt issuance costs will continue to be included in interest expense. The new accounting guidance represents a change in accounting principle and is required to be adopted retrospectively in fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Accordingly, the Company applied the guidance and reclassified the prior period amount of $674 of debt issuance costs from other assets, net to lines of credit in the balance sheet as of December 31, 2015. Because the application of this guidance affects classification only, such reclassifications did not have a material effect on the Company’s consolidated financial position or results of operations. Recent Accounting Pronouncements In March 2016, the FASB issued a new accounting pronouncement related to accounting for share-based payments. The pronouncement intends to simplify the accounting for share-based payment transactions, including income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. This pronouncement is effective for reporting periods beginning after December 15, 2016. Management is currently evaluating the potential impact that the adoption of this standard will have on the Company’s financial position, results of operations, and related disclosures. In February 2016, the FASB issued a new accounting pronouncement regarding the financial reporting of leasing transactions. This new standard requires a lessee to record assets and liabilities on the balance sheet for the rights and obligations arising from leases with terms of more than 12 months. The Company is required to adopt the new standard on January 1, 2019 using a modified retrospective approach. Management is currently evaluating the potential impact that the adoption of this standard will have on the Company’s financial position, results of operations, and related disclosures. In July 2015, the FASB issued an accounting standards update to simplify the measurement of inventory and changes the measurement from lower of cost or market to lower of cost and net realizable value. This pronouncement is effective for reporting periods beginning after December 15, 2016. We currently are evaluating the potential impact the adoption of this standard will have on the Company’s financial position, results of operations, and related disclosures. In May 2014, the FASB issued an accounting standards update to clarify the principles of recognizing revenue and to develop a common revenue standard and disclosure requirements for U.S. GAAP and IFRS. The pronouncement is effective for reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only for annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. We currently are evaluating the potential impact the adoption of this standard will have on the Company’s financial position, results of operations, and related disclosures.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories are stated at the lower-of-cost (first-in, first-out) or market value. Cost elements included in inventory are material, labor, subcontract costs, and manufacturing overhead. As necessary, we record provisions and maintain reserves for excess, slow moving and obsolete inventory. To determine reserve amounts, we regularly review inventory quantities on hand and values, and compare them to estimates of future product demand, market conditions, production requirements and technological developments. Inventories consist of the following at March 31, 2016 and December 31, 2015 and include reserves of $3,217 and $3,682 , respectively: March 31, December 31, Raw materials $ 13,408 $ 14,513 Work-in-process 8,427 8,112 Finished goods 14,262 12,320 Supplies 481 504 $ 36,578 $ 35,449

GOODWILL

GOODWILL	3 Months Ended
	Mar. 31, 2016
Goodwill Disclosure [Abstract]
GOODWILL	GOODWILL The changes to the carrying amount of goodwill during the period are summarized below: NobelClad Goodwill balance at December 31, 2015 $ 17,190 Adjustment due to recognition of tax benefit of tax amortization of certain goodwill (35 ) Adjustment due to exchange rate differences 633 Goodwill balance at March 31, 2016 $ 17,788

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2016
Purchased Intangible Assets Disclosure [Abstract]
PURCHASED INTANGIBLE ASSETS	PURCHASED INTANGIBLE ASSETS The following table presents details of our purchased intangible assets, other than goodwill, as of March 31, 2016 : Gross Accumulated Amortization Net Core technology $ 19,298 $ (8,141 ) $ 11,157 Customer relationships 38,012 (29,451 ) 8,561 Trademarks / Trade names 2,070 (1,811 ) 259 Total intangible assets $ 59,380 $ (39,403 ) $ 19,977 The following table presents details of our purchased intangible assets, other than goodwill, as of December 31, 2015 : Gross Accumulated Amortization Net Core technology $ 18,524 $ (7,528 ) $ 10,996 Customer relationships 36,830 (27,701 ) 9,129 Trademarks / Trade names 1,988 (1,695 ) 293 Total intangible assets $ 57,342 $ (36,924 ) $ 20,418 The change in the gross value of our purchased intangible assets from December 31, 2015 to March 31, 2016 was due to foreign currency translation. Accumulated amortization for the period ended March 31, 2016 includes an adjustment due to recognition of tax benefit of tax amortization previously applied to certain goodwill related to the DynaEnergetics reporting unit. After the goodwill was written off at December 31, 2015, the tax amortization reduces other noncurrent intangible assets related to the historical acquisition.

CUSTOMER ADVANCES

CUSTOMER ADVANCES	3 Months Ended
	Mar. 31, 2016
Customer Advances Disclosure [Abstract]
CUSTOMER ADVANCES	CUSTOMER ADVANCES On occasion, we require customers to make advance payments prior to the shipment of goods in order to help finance our inventory investment on large orders or to keep customers’ credit limits at acceptable levels. As of March 31, 2016 and December 31, 2015 , customer advances totaled $7,370 and $2,396 , respectively, and originated from several customers.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
DEBT	DEBT Lines of credit consisted of the following at March 31, 2016 and December 31, 2015 : March 31, December 31, (as adjusted) Syndicated credit agreement: U.S. Dollar revolving loan $ 23,500 $ 27,500 Euro revolving loan — — Long-term lines of credit 23,500 27,500 Less: debt issuance costs 633 674 Lines of credit $ 22,867 $ 26,826 Syndicated Credit Agreement We have a a five -year $75,000 syndicated credit agreement (“credit facility”), which allows for revolving loans of $65,000 in US dollars and $10,000 in alternate currencies as well as a $100,000 accordion feature to increase the commitments in any of the loan classes subject to approval by applicable lenders. We also maintain a line of credit with a German bank for certain European operations. This line of credit provides a borrowing capacity of €4,000 , of which €1,917 is available. Borrowings under the $65,000 revolving loan can be in the form of Alternate Base Rate loans (“ABR” borrowings are based on the greater of adjusted Prime rates, adjusted CD rates, or adjusted Federal Funds rates) or one, two, three, or six month London Interbank Offered Rate (“LIBOR”) loans. ABR loans bear interest at the defined ABR rate plus an applicable margin (varying from 0.25% to 1.50% ) and LIBOR loans bear interest at the applicable LIBOR rate plus an applicable margin (varying from 1.25% to 2.75% ). Borrowings under the $10,000 Alternate Currency revolving loans can be in Canadian Dollars, Euros, Pounds Sterling and any other currency that is freely transferable and convertible to U.S. Dollars. Alternative currency borrowings denominated in Canadian Dollars shall be comprised of Canadian Dealer Offered Rate (“CDOR”) Loans or Canadian Prime Loans, at our option, and bear interest at the CDOR rate plus applicable margin (varying from 1.25% to 2.75% ) or the applicable Canadian Prime Rate plus an applicable margin (varying from 0.25% to 1.50% ), respectively. Alternative currency borrowings denominated in Euros shall be comprised of Euro Interbank Offered Rate (“EURIBOR”) loans and bear interest at the EURIBOR rate plus an applicable margin (varying from 1.25% to 2.75% ). Alternative currency borrowings denominated in any other alternate currency shall be comprised of Eurocurrency loans and bear interest at the LIBOR rate plus an applicable margin (varying from 1.25% to 2.75% ). Loan Covenants and Restrictions Our existing loan agreements include various covenants and restrictions, certain of which relate to the payment of dividends or other distributions to stockholders; redemption of capital stock; incurrence of additional indebtedness; mortgaging, pledging or disposition of major assets; and maintenance of specified financial ratios. As of March 31, 2016 , we were in compliance with all financial covenants and other provisions of our debt agreements.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS Our business is organized into two segments: NobelClad and DynaEnergetics. NobelClad's revenues are generated principally from cladding two dissimilar metals together using an explosion-welding process to form plates or transition joints. The clad plates and transition joints are sold to customers that fabricate industrial equipment for various industries, including oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation and industrial refrigeration. DynaEnergetics manufactures, markets and sells oilfield perforating equipment and explosives, including detonating cords, detonators, bi-directional boosters and shaped charges, and seismic related explosives and accessories. The accounting policies of all of the segments are the same as those described in the summary of significant accounting policies included herein and in our Annual Report on Form 10-K for the year ended December 31, 2015 . Our reportable segments are separately managed strategic business units that offer different products and services. Each segment’s products are marketed to different customer types and require different manufacturing processes and technologies. Segment information is presented for the three months ended March 31, 2016 and 2015 as follows: Three months ended March 31, 2016 2015 Net sales: NobelClad $ 25,052 $ 23,944 DynaEnergetics 15,480 16,875 Consolidated net sales $ 40,532 $ 40,819 Three months ended March 31, 2016 2015 Income before income taxes: NobelClad $ 1,508 $ 1,821 DynaEnergetics 920 (794 ) Segment operating income 2,428 1,027 Unallocated corporate expenses (1,927 ) (3,016 ) Stock-based compensation (586 ) (1,237 ) Other income (expense) 32 1,124 Interest expense (164 ) (182 ) Interest income 1 3 Income (loss) before income taxes and discontinued operations $ (216 ) $ (2,281 ) Three months ended March 31, 2016 2015 Depreciation and amortization: NobelClad $ 932 $ 1,157 DynaEnergetics 1,581 1,515 Segment depreciation and amortization $ 2,513 $ 2,672 During the three months ended March 31, 2016 and 2015 , no one customer accounted for more than 10% of total net sales.

RESTRUCTURING

RESTRUCTURING	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING During 2015, we executed several programs to enhance operating efficiencies across our businesses, including closing distribution and production centers, consolidating manufacturing to more cost-effective locations, and reducing corporate headcount. NobelClad Restructuring NobelClad shifted the majority of clad metal plate production from facilities in Rivesaltes, France and Würgendorf, Germany to its manufacturing facility in Liebenscheid, Germany. DynaEnergetics Restructuring In the first quarter of 2015, we launched several initiatives to enhance DynaEnergetics’ operational efficiencies and align its production and distribution resources with the anticipated demands of the market. In January 2015, we closed two North American distribution centers. In February 2015, we announced the closure of a perforating gun manufacturing facility and distribution center in Edmonton, Alberta. North America perforating gun manufacturing was consolidated at DynaEnergetics existing gun facility in Whitney, Texas. We also are exiting several other distribution centers in Texas and Colombia, and the Colombia market is now served directly from our existing facilities in Texas. Two centralized distribution centers replaced the distribution centers closed. Corporate Restructuring In the first quarter of 2015, we restructured our corporate office by eliminating certain positions, and incurred restructuring charges associated with severance and acceleration of unvested stock awards. Total restructuring and impairment charges incurred for these programs are as follows and are reported in the “restructuring expenses” line item in our consolidated statement of operations: Three months ended March 31, 2015 Severance Asset Impairment Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 39 $ — $ 11 $ — $ 4 $ 54 DynaEnergetics 146 202 — 32 2 382 Corporate 1,560 — — — — 1,560 Total $ 1,745 $ 202 $ 11 $ 32 $ 6 $ 1,996 During the three months ended March 31, 2016 , the changes to the restructuring liability associated with these programs is summarized below: December 31, 2015 Expense Payments Other Adjustments Balance at March 31, 2016 Severance $ 452 $ — $ (365 ) $ 13 $ 100 Contract termination costs 282 — (51 ) (14 ) 217 Equipment moving costs — — — — — Other exit costs — — — — — Total $ 734 $ — $ (416 ) $ (1 ) $ 317

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Contingent Liabilities The Company records an accrual for contingent liabilities when a loss is both probable and reasonably estimable. If some amount within a range of loss appears to be a better estimate than any other amount within the range, that amount is accrued. When no amount within a range of loss appears to be a better estimate than any other amount, the lowest amount in the range is accrued. In June 2015, U.S. Customs and Border Protection (“U.S. Customs”) sent us a Notice of Action that proposed to classify certain of our imports as subject to anti-dumping duties pursuant to a 2010 anti-dumping duty (“AD”) order on Oil Country Tubular Goods (“OCTG”) from China. A companion countervailing duty (“CVD”) order on the same product is in effect as well. The Notice of Action covered one entry of certain raw material steel mechanical tubing made in China and imported into the U.S. from Canada by our DynaEnergetics segment during 2015 for use in manufacturing perforating guns. In July 2015, we sent a response to U.S. Customs outlining the reasons our mechanical tubing imports do not fall within the scope of the AD order on OCTG from China and should not be subject to anti-dumping duties. U.S. Customs proposed to take similar action with respect to other entries of this product and requested an approximately $1,100 cash deposit or bond for AD/CVD duties. In August 2015, we posted the bond of approximately $1,100 to U.S. Customs. Subsequently, U.S. Customs declined to conclude on the Company's assertion that the mechanical tubing the Company has been importing is not within the scope of the AD order on OCTG from China. As a result, on September 25, 2015 the Company filed a request for a scope ruling with the U.S. Department of Commerce ("Commerce Department"). On February 15, 2016, the Company received the Commerce Department’s scope ruling, which determined certain imports, primarily used for gun carrier tubing, are included in the scope of the AD/CVD orders on OCTG from China and thus is subject to AD/CVD duties. On March 11, 2016, the Company filed an appeal with the U.S. Court of International Trade related to the Commerce Department’s scope ruling. In its financial statements for the year ended December 31, 2015, the Company recorded a $6.4 million reserve for AD/CVD duties and interest that the Company expects to pay if it is unsuccessful in its appeal. The Company will incur legal defense costs and could also be subject to additional interest and penalties. Accruals for potential penalties are not reflected in our financial statements as of March 31, 2016 as they are neither probable nor estimable at this time.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In April 2016, DynaEnergetics announced plans to further reduce its cost structure to align with the continued deterioration in its end markets. The business expects to incur restructuring expenses of up to $1,500 related to these actions during the remainder of 2016. Annualized savings associated with these restructuring activities are expected to be approximately $750 .

SIGNIFICANT ACCOUNTING POLICI19

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of Dynamic Materials Corporation ("DMC") and its controlled subsidiaries. Only subsidiaries in which controlling interests are maintained are consolidated. All significant intercompany accounts, profits, and transactions have been eliminated in consolidation.
Income Taxes	Income Taxes The effective tax rate for each of the periods reported differs from the U.S. statutory rate due primarily to favorable foreign permanent differences, variation in contribution to consolidated pre-tax income from each jurisdiction for the respective periods and differences between the U.S. and foreign tax rates (which range from 20% to 35% ) on earnings that have been permanently reinvested. We recognize deferred tax assets and liabilities for the expected future income tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. The deferred income tax impact of tax credits are recognized as an immediate adjustment to income tax expense. We recognize deferred tax assets for the expected future effects of all deductible temporary differences to the extent we believe these assets will more likely than not be realized. We record a valuation allowance when, based on current circumstances, it is more likely than not that all or a portion of the deferred tax assets will not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, recent financial operations and their associated valuation allowances, if any. We recognize the tax benefits from uncertain tax positions only when it is more likely than not, based on the technical merits of the position; the tax position will be sustained upon examination, including the resolution of any related appeals or litigation. The tax benefits recognized in the consolidated financial statements from such a position are measured as the largest benefit that is more likely than not of being realized upon ultimate resolution. We recognize interest and penalties related to uncertain tax positions in operating expense.
Earnings Per Share	Earnings Per Share Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our restricted stock awards (“RSAs”), are considered participating securities for purposes of calculating earnings per share (“EPS”) and require the use of the two class method for calculating EPS. Under this method, a portion of net income is allocated to these participating securities and therefore is excluded from the calculation of EPS allocated to common stock
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying value of cash and cash equivalents, trade accounts receivable and payable, accrued expenses and lines of credit approximate their fair value.
Recent Accounting Pronouncements	Recently Adopted Accounting Standards In November 2015, the FASB issued an accounting standards update which requires that deferred tax liabilities and assets be classified as noncurrent in the statement of financial position based on an analysis of each taxpaying component within a jurisdiction. This ASU would be effective for the Company December 1, 2017, however the Company has elected to early adopt prospectively beginning with the year ended December 31, 2015, as is permitted under the standard. In April 2015, the Financial Accounting Standards Board ("FASB") issued an accounting standards update to revise the presentation of debt issuance costs. Under this pronouncement, entities will present debt issuance costs in their balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the deferred debt issuance costs will continue to be included in interest expense. The new accounting guidance represents a change in accounting principle and is required to be adopted retrospectively in fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Accordingly, the Company applied the guidance and reclassified the prior period amount of $674 of debt issuance costs from other assets, net to lines of credit in the balance sheet as of December 31, 2015. Because the application of this guidance affects classification only, such reclassifications did not have a material effect on the Company’s consolidated financial position or results of operations. Recent Accounting Pronouncements In March 2016, the FASB issued a new accounting pronouncement related to accounting for share-based payments. The pronouncement intends to simplify the accounting for share-based payment transactions, including income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. This pronouncement is effective for reporting periods beginning after December 15, 2016. Management is currently evaluating the potential impact that the adoption of this standard will have on the Company’s financial position, results of operations, and related disclosures. In February 2016, the FASB issued a new accounting pronouncement regarding the financial reporting of leasing transactions. This new standard requires a lessee to record assets and liabilities on the balance sheet for the rights and obligations arising from leases with terms of more than 12 months. The Company is required to adopt the new standard on January 1, 2019 using a modified retrospective approach. Management is currently evaluating the potential impact that the adoption of this standard will have on the Company’s financial position, results of operations, and related disclosures. In July 2015, the FASB issued an accounting standards update to simplify the measurement of inventory and changes the measurement from lower of cost or market to lower of cost and net realizable value. This pronouncement is effective for reporting periods beginning after December 15, 2016. We currently are evaluating the potential impact the adoption of this standard will have on the Company’s financial position, results of operations, and related disclosures. In May 2014, the FASB issued an accounting standards update to clarify the principles of recognizing revenue and to develop a common revenue standard and disclosure requirements for U.S. GAAP and IFRS. The pronouncement is effective for reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only for annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. We currently are evaluating the potential impact the adoption of this standard will have on the Company’s financial position, results of operations, and related disclosures.
Inventories	Inventories are stated at the lower-of-cost (first-in, first-out) or market value. Cost elements included in inventory are material, labor, subcontract costs, and manufacturing overhead. As necessary, we record provisions and maintain reserves for excess, slow moving and obsolete inventory. To determine reserve amounts, we regularly review inventory quantities on hand and values, and compare them to estimates of future product demand, market conditions, production requirements and technological developments.
Customer Advances	On occasion, we require customers to make advance payments prior to the shipment of goods in order to help finance our inventory investment on large orders or to keep customers’ credit limits at acceptable levels.

SIGNIFICANT ACCOUNTING POLICI20

SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Schedule of computation and reconciliation of earnings per common share	Computation and reconciliation of earnings per common share are as follows: Three months ended March 31, 2016 2015 Numerator: Loss from continuing operations $ (413 ) $ (2,377 ) Less income allocated to RSAs — — Net loss allocated to common stock for EPS calculation (413 ) (2,377 ) Denominator: Weighted average common shares outstanding - basic 14,129,831 13,822,231 Dilutive stock-based compensation plans — — Weighted average common shares outstanding - diluted 14,129,831 13,822,231 Net income (loss) allocated to common stock for EPS calculation: Basic $ (0.03 ) $ (0.17 ) Diluted $ (0.03 ) $ (0.17 )

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of components of inventory	Inventories consist of the following at March 31, 2016 and December 31, 2015 and include reserves of $3,217 and $3,682 , respectively: March 31, December 31, Raw materials $ 13,408 $ 14,513 Work-in-process 8,427 8,112 Finished goods 14,262 12,320 Supplies 481 504 $ 36,578 $ 35,449

GOODWILL (Tables)

GOODWILL (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill Disclosure [Abstract]
Schedule of changes to the carrying amount of goodwill	The changes to the carrying amount of goodwill during the period are summarized below: NobelClad Goodwill balance at December 31, 2015 $ 17,190 Adjustment due to recognition of tax benefit of tax amortization of certain goodwill (35 ) Adjustment due to exchange rate differences 633 Goodwill balance at March 31, 2016 $ 17,788

PURCHASED INTANGIBLE ASSETS (Ta

PURCHASED INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2016
Purchased Intangible Assets Disclosure [Abstract]
Schedule of details of purchased intangible assets, other than goodwill	The following table presents details of our purchased intangible assets, other than goodwill, as of March 31, 2016 : Gross Accumulated Amortization Net Core technology $ 19,298 $ (8,141 ) $ 11,157 Customer relationships 38,012 (29,451 ) 8,561 Trademarks / Trade names 2,070 (1,811 ) 259 Total intangible assets $ 59,380 $ (39,403 ) $ 19,977 The following table presents details of our purchased intangible assets, other than goodwill, as of December 31, 2015 : Gross Accumulated Amortization Net Core technology $ 18,524 $ (7,528 ) $ 10,996 Customer relationships 36,830 (27,701 ) 9,129 Trademarks / Trade names 1,988 (1,695 ) 293 Total intangible assets $ 57,342 $ (36,924 ) $ 20,418

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of lines of credit	Lines of credit consisted of the following at March 31, 2016 and December 31, 2015 : March 31, December 31, (as adjusted) Syndicated credit agreement: U.S. Dollar revolving loan $ 23,500 $ 27,500 Euro revolving loan — — Long-term lines of credit 23,500 27,500 Less: debt issuance costs 633 674 Lines of credit $ 22,867 $ 26,826

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of segment information	Segment information is presented for the three months ended March 31, 2016 and 2015 as follows: Three months ended March 31, 2016 2015 Net sales: NobelClad $ 25,052 $ 23,944 DynaEnergetics 15,480 16,875 Consolidated net sales $ 40,532 $ 40,819 Three months ended March 31, 2016 2015 Income before income taxes: NobelClad $ 1,508 $ 1,821 DynaEnergetics 920 (794 ) Segment operating income 2,428 1,027 Unallocated corporate expenses (1,927 ) (3,016 ) Stock-based compensation (586 ) (1,237 ) Other income (expense) 32 1,124 Interest expense (164 ) (182 ) Interest income 1 3 Income (loss) before income taxes and discontinued operations $ (216 ) $ (2,281 ) Three months ended March 31, 2016 2015 Depreciation and amortization: NobelClad $ 932 $ 1,157 DynaEnergetics 1,581 1,515 Segment depreciation and amortization $ 2,513 $ 2,672

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Schedule of restructuring and impairment charges	Total restructuring and impairment charges incurred for these programs are as follows and are reported in the “restructuring expenses” line item in our consolidated statement of operations: Three months ended March 31, 2015 Severance Asset Impairment Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 39 $ — $ 11 $ — $ 4 $ 54 DynaEnergetics 146 202 — 32 2 382 Corporate 1,560 — — — — 1,560 Total $ 1,745 $ 202 $ 11 $ 32 $ 6 $ 1,996
Schedule of changes to the restructuring liability	During the three months ended March 31, 2016 , the changes to the restructuring liability associated with these programs is summarized below: December 31, 2015 Expense Payments Other Adjustments Balance at March 31, 2016 Severance $ 452 $ — $ (365 ) $ 13 $ 100 Contract termination costs 282 — (51 ) (14 ) 217 Equipment moving costs — — — — — Other exit costs — — — — — Total $ 734 $ — $ (416 ) $ (1 ) $ 317

SIGNIFICANT ACCOUNTING POLICI27

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Taxes
Income tax rate, low end	20.00%
Income tax rate, high end	35.00%
Numerator:
Loss from continuing operations	$ (413)	$ (2,377)
Less income allocated to RSAs	0	0
Net loss allocated to common stock for EPS calculation	$ (413)	$ (2,377)
Denominator:
Weighted average common shares outstanding - basic (In shares)	14,129,831	13,822,231
Dilutive stock-based compensation plans (In shares)	0	0
Weighted average common shares outstanding - diluted (In shares)	14,129,831	13,822,231
Net income (loss) allocated to common stock for EPS calculation:
Basic (in dollars per share)	$ (0.03)	$ (0.17)
Diluted (in dollars per share)	$ (0.03)	$ (0.17)
Debt issuance costs	$ 633		$ 674

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 3,217	$ 3,682
Inventories
Raw materials	13,408	14,513
Work-in-process	8,427	8,112
Finished goods	14,262	12,320
Supplies	481	504
Total inventory	$ 36,578	$ 35,449

GOODWILL (Details)

GOODWILL (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Changes to the carrying amount of goodwill
Goodwill balance at the beginning of the period	$ 17,190
Goodwill balance at the end of the period	17,788
Operating Segments | NobelClad
Changes to the carrying amount of goodwill
Goodwill balance at the beginning of the period	17,190
Adjustment due to recognition of tax benefit of tax amortization of certain goodwill	(35)
Adjustment due to exchange rate differences	633
Goodwill balance at the end of the period	$ 17,788

PURCHASED INTANGIBLE ASSETS (De

PURCHASED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Purchased intangible assets
Gross	$ 59,380	$ 57,342
Accumulated Amortization	(39,403)	(36,924)
Net	19,977	20,418
Core technology
Purchased intangible assets
Gross	19,298	18,524
Accumulated Amortization	(8,141)	(7,528)
Net	11,157	10,996
Customer relationships
Purchased intangible assets
Gross	38,012	36,830
Accumulated Amortization	(29,451)	(27,701)
Net	8,561	9,129
Trademarks / Trade names
Purchased intangible assets
Gross	2,070	1,988
Accumulated Amortization	(1,811)	(1,695)
Net	$ 259	$ 293

CUSTOMER ADVANCES (Details)

CUSTOMER ADVANCES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Customer Advances Disclosure [Abstract]
Customer advances	$ 7,370	$ 2,396

DEBT - Narrative (Details)

DEBT - Narrative (Details) - 3 months ended Mar. 31, 2016 - Credit Facility	USD ($)	EUR (€)
Syndicated Credit Facility 2015 [Member]
Debt Instrument [Line Items]
Term	5 years
Maximum borrowing capacity	$ 75,000,000
Accordion feature	$ 100,000,000
Syndicated Credit Facility 2015 [Member] | Minimum | Alternate base rate (ABR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.25%
Syndicated Credit Facility 2015 [Member] | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.25%
Syndicated Credit Facility 2015 [Member] | Maximum | Alternate base rate (ABR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.50%
Syndicated Credit Facility 2015 [Member] | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.75%
U.S. Dollar revolving loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 65,000,000
Alternate currencies revolving loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 10,000,000
Alternate currencies revolving loan | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.25%
Alternate currencies revolving loan | Minimum | Canadian Dealer Offered Rate (CDOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.25%
Alternate currencies revolving loan | Minimum | Canadian Prime Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.25%
Alternate currencies revolving loan | Minimum | Euro Interbank Offered Rate (EURIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.25%
Alternate currencies revolving loan | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.75%
Alternate currencies revolving loan | Maximum | Canadian Dealer Offered Rate (CDOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.75%
Alternate currencies revolving loan | Maximum | Canadian Prime Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.50%
Alternate currencies revolving loan | Maximum | Euro Interbank Offered Rate (EURIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.75%
German line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity | €		€ 4,000,000
Available borrowing capacity	$ 1,917,000

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Lines of credit
Long-term lines of credit	$ 23,500	$ 27,500
Less: debt issuance costs	633	674
Lines of credit	22,867	26,826
Euro revolving loan
Lines of credit
Long-term lines of credit	0	0
Credit Facility | U.S. Dollar revolving loan
Lines of credit
Long-term lines of credit	$ 23,500	$ 27,500

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)SegmentCustomer	Mar. 31, 2015USD ($)Customer
Segment information
Number of segments | Segment	2
Consolidated net sales	$ 40,532	$ 40,819
Segment operating income	(85)	(3,226)
Unallocated corporate expenses	(1,927)	(3,016)
Stock-based compensation	(586)	(1,237)
Other income (expense)	32	1,124
Interest expense	(164)	(182)
Interest income	1	3
Income (loss) before income taxes and discontinued operations	$ (216)	$ (2,281)
Customer concentration risk | Net sales
Segment information
Number of customers representing greater than 10% of total net sales | Customer	0	0
Operating Segments
Segment information
Consolidated net sales	$ 40,532	$ 40,819
Segment operating income	2,428	1,027
Depreciation and amortization	2,513	2,672
NobelClad | Operating Segments
Segment information
Consolidated net sales	25,052	23,944
Segment operating income	1,508	1,821
Depreciation and amortization	932	1,157
DynaEnergetics | Operating Segments
Segment information
Consolidated net sales	15,480	16,875
Segment operating income	920	(794)
Depreciation and amortization	$ 1,581	$ 1,515

RESTRUCTURING - Narrative (Deta

RESTRUCTURING - Narrative (Details) - DynaEnergetics	1 Months Ended
	Jan. 31, 2015Facility
Restructuring Cost and Reserve [Line Items]
Number of distribution centers closed	2
Number of new centralized distribution centers to replace closed distribution centers	2

RESTRUCTURING - Schedule of Res

RESTRUCTURING - Schedule of Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges	$ 0	$ 1,996
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		1,745
Asset Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		202
Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		11
Equipment Moving Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		32
Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		6
Operating Segments | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		54
Operating Segments | NobelClad | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		39
Operating Segments | NobelClad | Asset Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		0
Operating Segments | NobelClad | Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		11
Operating Segments | NobelClad | Equipment Moving Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		0
Operating Segments | NobelClad | Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		4
Operating Segments | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		382
Operating Segments | DynaEnergetics | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		146
Operating Segments | DynaEnergetics | Asset Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		202
Operating Segments | DynaEnergetics | Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		0
Operating Segments | DynaEnergetics | Equipment Moving Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		32
Operating Segments | DynaEnergetics | Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		2
Corporate, Non-Segment
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		1,560
Corporate, Non-Segment | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		1,560
Corporate, Non-Segment | Asset Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		0
Corporate, Non-Segment | Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		0
Corporate, Non-Segment | Equipment Moving Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		0
Corporate, Non-Segment | Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		$ 0

RESTRUCTURING - Rollforward of

RESTRUCTURING - Rollforward of Restructuring Reserve (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Restructuring Reserve [Roll Forward]
Balance	$ 734
Expense	0
Payments	(416)
Other Adjustments	(1)
Balance	317
Severance
Restructuring Reserve [Roll Forward]
Balance	452
Expense	0
Payments	(365)
Other Adjustments	13
Balance	100
Contract termination costs
Restructuring Reserve [Roll Forward]
Balance	282
Expense	0
Payments	(51)
Other Adjustments	(14)
Balance	217
Equipment moving costs
Restructuring Reserve [Roll Forward]
Balance	0
Expense	0
Payments	0
Other Adjustments	0
Balance	0
Other exit costs
Restructuring Reserve [Roll Forward]
Balance	0
Expense	0
Payments	0
Other Adjustments	0
Balance	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - US Customs Notice of Action - Unfavorable Regulatory Action - Threatened Litigation - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2015	Dec. 31, 2015	Jul. 31, 2015
Loss Contingencies [Line Items]
Requested payment of AD/CVD cash deposits			$ 1,100
AD/CVD cash deposits to be remitted or bond posted	$ 1,100
Loss contingency reserve		$ 6,400

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent event - DynaEnergetics 2016 Restructuring $ in Thousands	Apr. 28, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Anticipated restructuring expenses (up to)	$ 1,500
Expected annualized savings associated with restructuring activities	$ 750