DMC Global (BOOM) 10-Q 26 Apr 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 26, 2018
Document and Entity Information
Entity Registrant Name	DMC GLOBAL INC.
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, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		14,875,223

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 10,768	$ 8,983
Accounts receivable, net of allowance for doubtful accounts of $1,269 and $1,088, respectively	57,201	49,468
Inventory, net	46,458	35,742
Prepaid expenses and other	10,764	5,763
Total current assets	125,191	99,956
PROPERTY, PLANT AND EQUIPMENT	124,577	121,339
Less - accumulated depreciation	(63,621)	(61,467)
Property, plant and equipment, net	60,956	59,872
PURCHASED INTANGIBLE ASSETS, net	12,121	12,861
DEFERRED TAX ASSETS	0	98
OTHER ASSETS, net	151	296
TOTAL ASSETS	198,419	173,083
CURRENT LIABILITIES:
Accounts payable	22,901	19,826
Accrued expenses	9,964	6,884
Accrued anti-dumping duties and penalties	6,712	3,609
Dividend payable	295	295
Accrued income taxes	4,603	2,939
Accrued employee compensation and benefits	4,687	6,186
Contract liabilities	5,215	5,888
Total current liabilities	54,377	45,627
LINES OF CREDIT	29,350	17,984
DEFERRED TAX LIABILITIES	265	573
OTHER LONG-TERM LIABILITIES	3,070	3,119
Total liabilities	87,062	67,303
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; 14,876,190 and 14,782,018 shares outstanding, respectively	747	741
Additional paid-in capital	76,895	76,146
Retained earnings	63,634	60,074
Other cumulative comprehensive loss	(29,214)	(30,819)
Treasury stock, at cost; 72,104 and 39,783 shares, respectively	(705)	(362)
Total stockholders’ equity	111,357	105,780
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 198,419	$ 173,083

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,269	$ 1,088
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 outstanding	14,876,190	14,782,018
Treasury stock, shares	72,104	39,783

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
NET SALES	$ 67,313	$ 38,962
COST OF PRODUCTS SOLD	44,560	28,596
Gross profit	22,753	10,366
COSTS AND EXPENSES:
General and administrative expenses	8,177	7,206
Selling and distribution expenses	5,212	4,482
Amortization of purchased intangible assets	805	984
Restructuring expenses	144	0
Anti-dumping duty penalties	3,103	0
Total costs and expenses	17,441	12,672
OPERATING INCOME (LOSS)	5,312	(2,306)
OTHER INCOME (EXPENSE):
Other income (expense), net	(377)	421
Interest expense	(466)	(506)
Interest income	1	1
INCOME (LOSS) BEFORE INCOME TAXES	4,470	(2,390)
INCOME TAX PROVISION	550	630
NET INCOME (LOSS)	$ 3,920	$ (3,020)
INCOME (LOSS) PER SHARE
Basic (in dollars per share)	$ 0.26	$ (0.21)
Diluted (in dollars per share)	$ 0.26	$ (0.21)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:
Basic (in shares)	14,449,915	14,270,365
Diluted (in shares)	14,449,915	14,270,365
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	$ 0.02	$ 0.02

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 3,920	$ (3,020)
Change in cumulative foreign currency translation adjustment	1,605	1,818
Total comprehensive income (loss)	$ 5,525	$ (1,202)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Other Cumulative Comprehensive Loss	Treasury Stock
Increase (Decrease) in Stockholders' Equity
Adjustment for cumulative effect from change in accounting principle (ASU 2016-16)	$ (65)			$ (65)
Balances (in shares) at Dec. 31, 2017		14,821,801				39,783
Balances at Dec. 31, 2017	105,780	$ 741	$ 76,146	60,074	$ (30,819)	$ (362)
Increase (Decrease) in Stockholders' Equity
Net income	3,920			3,920
Change in cumulative foreign currency translation adjustment	1,605				1,605
Shares issued in connection with stock compensation plans (in shares)		126,493
Shares issued in connection with stock compensation plans	0	$ 6	(6)
Stock-based compensation	755		755
Dividends declared	(295)			(295)
Treasury stock purchases (in shares)						(32,321)
Treasury stock purchases	(343)					$ (343)
Balances (in shares) at Mar. 31, 2018		14,948,294				72,104
Balances at Mar. 31, 2018	$ 111,357	$ 747	$ 76,895	$ 63,634	$ (29,214)	$ (705)

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS USED IN OPERATING ACTIVITIES:
Net income (loss)	$ 3,920	$ (3,020)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation (including capital lease amortization)	1,570	1,681
Amortization of purchased intangible assets	805	984
Amortization of deferred debt issuance costs	190	299
Stock-based compensation	708	571
Deferred income tax	(308)	346
Gain on disposal of property, plant and equipment	0	3
Restructuring expenses	144	0
Transition tax liability	(268)	0
Change in:
Accounts receivable, net	(7,360)	(312)
Inventory, net	(10,404)	(1,792)
Prepaid expenses and other	(1,455)	(1,041)
Accounts payable	3,767	626
Contract liabilities	(700)	(453)
Accrued anti-dumping duties and penalties	3,128	(3,003)
Accrued expenses and other liabilities	3,285	(75)
Net cash used in operating activities	(2,978)	(5,186)
CASH FLOWS USED IN INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(5,302)	(1,649)
Proceeds on sale of property, plant and equipment	0	2
Net cash used in investing activities	(5,302)	(1,647)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:
Borrowings on bank lines of credit, net	11,176	6,000
Payment of dividends	(295)	(290)
Payment of deferred debt issuance costs	0	(106)
Treasury stock purchases	(343)	(222)
Net cash provided by financing activities	10,538	5,382
EFFECTS OF EXCHANGE RATES ON CASH	(473)	88
NET INCREASE IN CASH AND CASH EQUIVALENTS	1,785	(1,363)
CASH AND CASH EQUIVALENTS, beginning of the period	8,983	6,419
CASH AND CASH EQUIVALENTS, end of the period	$ 10,768	$ 5,056

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2018
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, 2017 .

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The condensed consolidated financial statements include the accounts of DMC Global Inc. ("DMC", "we", "us", "our", or the "Company) 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 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. Revenue Recognition On January 1, 2018, the Company adopted a new accounting standard, as amended, regarding revenue from contracts with customers using the modified retrospective approach, which was applied to all contracts with customers. Under the new standard, an entity is required to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. There was no cumulative financial statement effect of initially applying the new revenue standard because an analysis of our contracts supported the recognition of revenue consistent with our historical approach. In accordance with the modified retrospective approach, the comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The Company does not expect the adoption of the new revenue standard to have a material impact to the Company’s revenues or net income on an ongoing basis. The Company’s revenues are primarily derived from consideration paid by customers for tangible goods. The Company analyzes its different goods and services by segment to determine the appropriate basis for revenue recognition, as described below. Revenue is not generated from sources other than contracts with customers and revenue is recognized net of any taxes collected from customers, which are subsequently remitted to governmental authorities. There are no material upfront costs for operations that are incurred from contracts with customers. On occasion, NobelClad and DynaEnergetics may require customers to make advance payments prior to the shipment of goods. We record such payments as contract liabilities in our Consolidated Balance Sheet. Please refer to Note 5 “Contract Liabilities” for further information. Our rights to payments for goods transferred to customers are conditional only on the passage of time and not on any other criteria. Payment terms and conditions vary by contract, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined that our contracts do not include a significant financing component given the short duration between order initiation and order fulfillment within each of our segments. Refer to Note 8 “Business Segments” for additional disaggregated revenue disclosures. NobelClad Customers agree to terms and conditions at the time of initiating an order. The significant majority of transactions contain a single performance obligation - the delivery of a clad metal product. In instances where multiple products are included within an order, each product represents a separate performance obligation given that: (1) the customer can benefit from each product on a standalone basis and (2) each product is distinct within the context of the contract. The transaction price is readily determinable and fixed at the time the transaction is entered into with the customer. NobelClad is entitled to each product’s transaction price upon the customer obtaining control of the item. Such control occurs as of a point in time, which is generally based upon relevant International Commercial Terms ("Incoterms") as it relates to product ownership and legal title being transferred. Upon fulfillment of applicable Incoterms, NobelClad has performed its contractual requirements such that it has a present right to payment, and the customer from that point forward bears all risks and rewards of ownership. In addition, at this date, the customer has the ability to direct the use of, or restrict the access to, the asset. No payment discounts, rebates, refunds, or any other forms of variable consideration are included within its contracts. NobelClad also does not provide service-type warranties either via written agreement or customary business practice, nor does it allow customer returns. For contracts that contain only one performance obligation, the total transaction price is allocated to the sole performance obligation. For less frequent contracts which contain multiple distinct performance obligations, judgment is required to determine the standalone selling price ("SSP") for each performance obligation. NobelClad uses the expected cost plus margin approach in order to estimate SSP, whereby an entity forecasts its expected costs of satisfying a performance obligation and then adds an appropriate margin for that good or service. The required judgment described herein largely is mitigated given the short duration between order initiation and complete order fulfillment. DynaEnergetics Customers agree to terms and conditions at the time of initiating an order. Transactions contain standard products, which may include perforating system components, such as detonating cord, or systems and associated hardware, including factory-assembled DynaStage ® perforating systems and DynaSelect ® detonators. In instances where multiple products are included within an order, each product represents a separate performance obligation given that: (1) the customer can benefit from each product on a standalone basis and (2) each product is distinct within the context of the contract. The transaction price is readily determinable and fixed at the time the transaction is entered into with the customer. DynaEnergetics is entitled to each product’s transaction price upon the customer obtaining control of the item. Such control occurs as of a point in time, which is generally based upon relevant Incoterms as it relates to product ownership and legal title being transferred. Upon fulfillment of applicable Incoterms, DynaEnergetics has performed its contractual requirements such that it has a present right to payment, and the customer from that point forward bears all risks and rewards of ownership. In addition, at this date, the customer has the ability to direct the use of, or restrict the access to, the asset. No payment discounts, rebates, refunds, or any other forms of variable consideration are included within contracts. DynaEnergetics also does not provide service-type warranties either via written agreement or customary business practice, nor does it allow customer returns without its prior approval. For orders that contain only one performance obligation, the total transaction price is allocated to the sole performance obligation. For orders that contain multiple products being purchased by the customer, judgment is required to determine SSP for each distinct performance obligation. However, such judgment largely is mitigated given that products purchased are generally shipped at the same time. In instances where products purchased are not shipped at the same time, DynaEnergetics uses the contractually stated price to determine SSP as this price approximates the price of each good as sold separately. Earnings Per Share The Company computes earnings per share ("EPS") using a two-class method, which is an earnings allocation formula that determines EPS for (i) each class of common stock (the Company has a single class of common stock), and (ii) participating securities according to dividends declared and participation rights in undistributed earnings. Restricted stock awards are considered participating securities as they received non-forfeitable rights to dividends as common stock. Basic EPS is then calculated by dividing net income (loss) available to common shareholders of the Company by the weighted‑average number of common shares outstanding during the period. Diluted EPS adjusts basic EPS for the effects of restricted stock awards, performance share units and other potentially dilutive financial instruments (dilutive securities), only in the periods in which such effect is dilutive. The effect of the dilutive securities is reflected in diluted EPS by application of the more dilutive of (1) the treasury stock method or (2) the two-class method assuming nonvested shares are not converted into common shares. Three months ended March 31, 2018 2017 Net income (loss) as reported 3,920 (3,020 ) Less: Distributed net income available to participating securities (8 ) — Less: Undistributed net income available to participating securities (94 ) — Numerator for basic net income per share: 3,818 (3,020 ) Add: Undistributed net income allocated to participating securities 94 — Less: Undistributed net income reallocated to participating securities (94 ) — Numerator for diluted net income per share: 3,818 (3,020 ) Denominator: Weighted average shares outstanding for basic net income per share 14,449,915 14,270,365 Effect of dilutive securities — — Weighted average shares outstanding for diluted net income per share 14,449,915 14,270,365 Net income (loss) per share: Basic $ 0.26 $ (0.21 ) Diluted $ 0.26 $ (0.21 ) Because we were in a net loss position for the three months ended March 31, 2017 , potentially dilutive shares of 183,083 are anti-dilutive and are excluded from the determination of diluted EPS. Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We are required to use an established hierarchy for fair value measurements based upon the inputs to the valuation and the degree to which they are observable or not observable in the market. The three levels in the hierarchy are as follows: • Level 1 — Inputs to the valuation based upon quoted prices (unadjusted) for identical assets or liabilities in active markets that are accessible as of the measurement date. • Level 2 — Inputs to the valuation include quoted prices in either markets that are not active, or in active markets for similar assets or liabilities, inputs other than quoted prices that are observable, and inputs that are derived principally from or corroborated by observable market data. • Level 3 — Inputs to the valuation that are unobservable inputs for the asset or liability. The highest priority is assigned to Level 1 inputs and the lowest priority to Level 3 inputs. The carrying value of cash and cash equivalents, trade accounts receivable and payables, accrued expenses and lines of credit approximate their fair value. Our foreign currency forward contracts are determined using a yield curve model based on quoted market prices. As a result, these investments have been classified as Level 2 in the fair value hierarchy. We did not did not hold any Level 3 assets or liabilities as of March 31, 2018 or December 31, 2017 . Recently Adopted Accounting Standards In October 2016, the Financial Accounting Standards Board (" FASB") issued Accounting Standards Update ("ASU") 2016-16 which removes the prohibition against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. This ASU is effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, and the Company adopted this ASU in the first quarter of 2018. The adoption of this ASU resulted in a reduction to January 1, 2018 "Retained earnings" in the Condensed Consolidated Balance Sheet of $65 and eliminated a $65 prepaid income tax recorded in the Consolidated Balance Sheet as of December 31, 2017. In March 2017, the FASB issued ASU 2017-07 to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost within an entity's financial statements. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. The Company adopted this ASU in the first quarter of 2018. The Company records its annual adjustment to its defined benefit pension obligation based upon actuarial calculations performed during the fourth quarter. The adoption of this ASU is not expected to have a material impact on the consolidated financial statements. Recent Accounting Pronouncements In February 2016, the FASB issued an ASU which amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. This ASU will be effective beginning in the first quarter of 2019. Early adoption is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories are stated at the lower of cost (first-in, first-out) or net realizable value. Significant cost elements included in inventory are material, labor, freight, 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, 2018 and December 31, 2017 and include reserves of $2,865 and $3,068 , respectively: March 31, December 31, Raw materials $ 21,773 $ 16,255 Work-in-process 7,678 6,120 Finished goods 16,703 13,049 Supplies 304 318 $ 46,458 $ 35,742

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
PURCHASED INTANGIBLE ASSETS	PURCHASED INTANGIBLE ASSETS The following table presents details of our purchased intangible assets as of March 31, 2018 : Gross Accumulated Amortization Net Core technology $ 20,498 $ (10,863 ) $ 9,635 Customer relationships 39,833 (37,347 ) 2,486 Trademarks / Trade names 2,247 (2,247 ) — Total intangible assets $ 62,578 $ (50,457 ) $ 12,121 The following table presents details of our purchased intangible assets, other than goodwill, as of December 31, 2017 : Gross Accumulated Amortization Net Core technology $ 20,027 $ (10,333 ) $ 9,694 Customer relationships 39,244 (36,077 ) 3,167 Trademarks / Trade names 2,149 (2,149 ) — Total intangible assets $ 61,420 $ (48,559 ) $ 12,861 The change in the gross value of our purchased intangible assets from December 31, 2017 to March 31, 2018 was due to foreign currency translation and an adjustment due to recognition of tax benefit of tax amortization previously applied to certain goodwill related to the NobelClad and DynaEnergetics reporting units. After the goodwill was written off at September 30, 2017 and December 31, 2015, respectively, the tax amortization reduces other noncurrent intangible assets related to the historical acquisition.

CONTRACT LIABILITIES

CONTRACT LIABILITIES	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
CONTRACT LIABILITIES	CONTRACT LIABILITIES 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, 2018 and December 31, 2017 , contract liabilities (previously known as customer advances) were as follows: March 31, 2018 December 31, 2017 NobelClad 5,121 5,804 DynaEnergetics 94 84 Total $ 5,215 $ 5,888 We expect to recognize the revenue associated with contract liabilities over a time period no longer than one year. Of the $5,888 recorded as contract liabilities at December 31, 2017, $1,700 was recorded to net sales during the three months ended March 31, 2018 .

DEBT

DEBT	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
DEBT	DEBT Lines of credit consisted of the following at March 31, 2018 and December 31, 2017 : March 31, December 31, Syndicated credit agreement: U.S. Dollar revolving loan $ 26,655 $ 18,250 Alternative currency revolving loan — — Capital expenditure loan 3,278 — German bank line of credit — — 29,933 18,250 Less current portion — — Long-term lines of credit 29,933 18,250 Less: debt issuance costs 583 266 Lines of credit $ 29,350 $ 17,984 Syndicated Credit Agreement On March 8, 2018, we entered into a five -year $75,000 syndicated credit agreement (“credit facility”) which replaced in its entirety our prior syndicated credit facility entered into on February 23, 2015. The new credit facility allows for revolving loans of up to $50,000 with a $20,000 US dollar equivalent sublimit for alternative currency loans. In addition, the new agreement provides for a $25,000 Capital Expenditure Facility (“Capex Facility") which is to be used to finance our DynaEnergetics manufacturing expansion project in Blum, Texas. The Capex facility allows for advances to fund capital expenditures of the Blum expansion project during year one of the credit facility. At the end of year one, the Capex Facility will convert to a term loan which will be amortizable at 12.5% of principal per year with a balloon payment for the outstanding balance upon the credit facility maturity date in year five. The new facility has a $100,000 accordion feature to increase the commitments under the revolving loan class and/or by adding a term loan subject to approval by applicable lenders. We entered into the credit facility with a syndicate of three banks, with KeyBank, N.A. acting as administrative agent. The syndicated credit facility is secured by the assets of DMC including accounts receivable, inventory, and fixed assets, as well as guarantees and share pledges by DMC and its subsidiaries. Borrowings under the $50,000 revolving loan and $25,000 Capex Facility can be in the form of one, two, three, or six month London Interbank Offered Rate (“LIBOR”) loans. Additionally, US dollar borrowings on the revolving loan can be in the form of Base Rate loans (Base Rate borrowings are based on the greater of the administrative agent’s Prime rates, an adjusted Federal Funds rates or an adjusted LIBOR rate). LIBOR loans bear interest at the applicable LIBOR rate plus an applicable margin (varying from 1.50% to 3.00% ). Base Rate loans bear interest at the defined Base rate plus an applicable margin (varying from 0.50% to 2.00% ). All borrowing and repayments under the credit facility have been in the form of one month loans and are reported on a net basis in our Condensed Consolidated Statements of Cash Flows. Borrowings under the $20,000 alternate currency sublimit can be in euros, Canadian dollars, pounds sterling, and in any other currency acceptable to the administrative agent. Alternative currency borrowings denominated in euros, pounds sterling, and any other currency that is dealt with on the London Interbank Deposit Market shall be comprised of LIBOR loans and bear interest at the LIBOR rate plus an applicable margin (varying from 1.50% to 3.00% ). The credit facility includes 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 ratios. As of March 31, 2018 , we were in compliance with all financial covenants and other provisions of our debt agreements. 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 €2,783 is available as of March 31, 2018 after considering outstanding letters of credit. Included in lines of credit are deferred debt issuance costs of $583 and $266 as of March 31, 2018 and December 31, 2017 , respectively. Upon entering into the credit facility, we wrote off $159 of previously deferred debt issuance costs and incurred $507 of additional costs. Debt issuance costs incurred with the credit facility were paid directly by the administrative agent and increased outstanding amounts under U.S. dollar revolving loans. Remaining deferred debt issuance costs are being amortized over the remaining term of the credit facility which expires on March 8, 2023. As of December 31, 2017 , we had a $35,000 credit facility that allowed for revolving loans of $30,000 in U.S. dollars and $5,000 in alternative currencies as well as a $25,000 accordion feature to increase the commitments in any of the loan classes subject to approval by applicable lenders.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rate for each of the periods reported differs from the U.S. statutory rate primarily due to variation in contribution to consolidated pre-tax income from each jurisdiction for the respective periods, differences between the U.S. and foreign tax rates (which range from 20% to 34% ) on earnings that have been permanently reinvested and changes to valuation allowances on our deferred tax assets. The Tax Cuts and Jobs Act ("TCJA") was enacted in December 2017. Among other things, the TCJA reduced the U.S. federal corporate tax rate from 35% to 21% beginning in 2018, required companies to pay a one-time transition tax on previously unremitted earnings of non-U.S. subsidiaries that were previously tax deferred, and created new taxes on certain foreign sourced earnings. The SEC staff issued Staff Accounting Bulletin (SAB) 118, which provided guidance on accounting for enactment effects of the TCJA. SAB 118 provided a measurement period of up to one year from the TCJA’s enactment date for companies to complete their accounting under ASC 740. In accordance with SAB 118, to the extent that a company’s accounting for certain income tax effects of the TCJA is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. If a company cannot determine a provisional estimate to be included in its financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the TCJA. In connection with our initial analysis of the impact of the enactment of the TCJA, the Company recorded net tax expense of $946 in the fourth quarter of 2017. In response to additional guidance received from the Internal Revenue Service, the Company recorded net tax benefit of $268 in the first quarter of 2018 , reducing the provisional liability to $678 . For various reasons that are discussed more fully below, including the issuance of additional technical and interpretive guidance, we have not completed accounting for the income tax effects of certain elements of the TCJA. However, we were able to make reasonable estimates of the TCJA’s effects and, as such, recorded provisional amounts related to the transition tax and the remeasurement of deferred tax assets and liabilities. The transition tax is a tax on previously untaxed accumulated and current earnings and profits (E&P) of certain of the Company’s non-U.S. subsidiaries. To determine the amount of the transition tax, we must determine, in addition to other factors, the amount of post-1986 E&P of the relevant subsidiaries, as well as the amount of non-U.S. income taxes paid on such earnings. E&P is similar to retained earnings of the subsidiary, but requires other adjustments to conform to U.S. tax rules. Further, the transition tax is based in part on the amount of those earnings held in cash and other specified assets. We were able to make a reasonable estimate of the transition tax and recorded a provisional obligation and additional income tax expense of $946 in the fourth quarter of 2017, which was reduced to $678 in the first quarter of 2018 . The Company expects to elect to pay this liability over eight years. As of March 31, 2018 , we reflected $75 and $603 in current accrued income taxes and other long term liabilities, respectively. However, the Company is continuing to gather additional information and will consider additional technical guidance to more precisely compute and account for the amount of the transition tax in the measurement period. This amount may change when we finalize the calculation of post-1986 foreign E&P previously deferred from U.S. federal taxation, finalize the calculation of non-U.S. income taxes paid on such earnings, and finalize our determination on the impact of the deemed repatriation of foreign earnings on 2017 taxable income. In addition to the transition tax, the TCJA introduced a territorial tax system, which will be effective beginning in 2018. The territorial tax system may impact the Company’s overall global capital and legal entity structure, working capital, and repatriation plan on a go-forward basis. In light of the territorial tax system, and other new international provisions within the TCJA that are effective beginning in 2018, the Company is currently analyzing its global capital and legal entity structure, working capital requirements, and repatriation plans. We have not completed our full analysis with respect to the impact of the TCJA on our indefinite reinvestment assertion, and we are not yet able to make reasonable estimates of its related effects. Therefore, no provisional adjustments relative to the territorial tax system and our indefinite reinvestment assertion were recorded. Further, it is impracticable for the Company to estimate any future tax costs for any unrecognized deferred tax liabilities associated with its indefinite reinvestment assertion as of December 31, 2017 or March 31, 2018 , because the actual tax liability, if any, would be dependent on complex analysis and calculations considering various tax laws, exchange rates, circumstances existing when a repatriation, sale, or liquidation occurs, or other factors. If there are any changes to our indefinite reinvestment assertion as a result of finalizing our assessment of the TCJA, the Company will adjust its provisional estimates, record, and disclose any tax impacts in the appropriate period, pursuant to SAB 118. We remeasured certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally 21% under the TCJA. As our U.S. deferred tax assets are fully offset by a valuation allowance, there was no net additional tax impact related to deferred tax assets and liabilities recognized in the fourth quarter of 2017. We are still analyzing certain aspects of the TCJA, considering additional technical guidance, and refining our calculations, which could potentially affect the measurement of these balances or potentially give rise to new deferred tax amounts. This includes, but is not limited to, the impacts of changes to Code Section 162(m) on our deferred tax assets related to compensation, and the potential impacts of the global intangible low-taxed income (“GILTI”) provision within the TCJA on deferred tax assets and liabilities. We have not completed our full analysis with respect to the GILTI provision within the TCJA, and we are not yet able to make reasonable estimates of its related effects. Therefore, no provisional adjustments relative to GILTI were recorded. Currently, we have not yet elected a policy as to whether we will recognize deferred taxes for basis differences expected to reverse as GILTI or whether we will account for GILTI as period costs if and when incurred. The Company is currently evaluating other elements of the TCJA for which the Company was not yet able to make reasonable estimates of the enactment impact and for which it would continue accounting for them in accordance with ASC 740 on the basis of the tax laws in effect before the TCJA.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS Our business is organized into two segments: NobelClad and DynaEnergetics. NobelClad is a global leader in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. DynaEnergetics designs, manufactures and distributes products utilized by the global oil and gas industry principally for the perforation of oil and gas wells. 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, 2018 and 2017 as follows: Three months ended March 31, 2018 2017 Net sales: NobelClad $ 18,192 $ 16,934 DynaEnergetics 49,121 22,028 Consolidated net sales $ 67,313 $ 38,962 Three months ended March 31, 2018 2017 Operating income (loss) NobelClad $ (12 ) $ 395 DynaEnergetics 8,720 40 Segment operating income 8,708 435 Unallocated corporate expenses (2,688 ) (2,170 ) Stock-based compensation (708 ) (571 ) Other income (expense), net (377 ) 421 Interest expense (466 ) (506 ) Interest income 1 1 Income (loss) before income taxes $ 4,470 $ (2,390 ) Three months ended March 31, 2018 2017 Depreciation and amortization: NobelClad $ 816 $ 989 DynaEnergetics 1,559 1,676 Segment depreciation and amortization $ 2,375 $ 2,665 The disaggregation of revenue earned from contracts with customers based on the geographic location of the customer is as follows. Revenues that would have been reported under previous accounting guidance would not have been materially different from the amounts shown below. Three months ended March 31, 2018 2017 United States 5,706 5,979 Canada 1,794 2,666 United Arab Emirates 131 357 France 951 571 South Korea 1,003 448 Germany 1,613 2,031 Oman 161 1,172 India 770 208 Spain 168 222 China 3,458 40 Italy 205 536 Sweden 138 430 Rest of the world 2,094 2,274 Total NobelClad $ 18,192 $ 16,934 Three months ended March 31, 2018 2017 United States 36,130 14,446 Canada 5,785 2,779 United Arab Emirates 523 22 France 52 35 Oman 682 113 Germany 28 37 Russia 1,282 929 India 635 823 Egypt 542 321 Romania 244 263 Italy — 24 Hong Kong — 457 Rest of the world 3,218 1,779 Total DynaEnergetics $ 49,121 $ 22,028 During the three months ended March 31, 2018 and 2017 , no one customer accounted for more than 10% of total net sales.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS We are exposed to foreign currency exchange risk resulting from fluctuations in exchange rates, primarily the U.S. dollar to euro, the U.S. dollar to Canadian dollar, the euro to the Russian ruble, and, to a lesser extent, other currencies, arising from inter-company and third party transactions entered into by our subsidiaries that are denominated in currencies other than their functional currency. Changes in exchange rates with respect to these transactions result in unrealized gains or losses if such transactions are unsettled at the end of the reporting period or realized gains or losses at settlement of the transaction. We use foreign currency forward contracts to offset foreign exchange rate fluctuations on foreign currency denominated asset and liability positions. None of these contracts are designated as accounting hedges, and all changes in the fair value of the forward contracts are recognized in "Other income (expense), net" within our Condensed Consolidated Statements of Operations. We execute derivatives with a specialized foreign exchange brokerage firm. The primary credit risk inherent in derivative agreements represents the possibility that a loss may occur from the nonperformance of a counterparty to the agreements. We perform a review of the credit risk of our counterparties at the inception of the contract and on an ongoing basis. We anticipate that our counterparties will be able to fully satisfy their obligations under the agreements but will take action if doubt arises regarding the counterparties' ability to perform. As of March 31, 2018 , the notional amounts of the forward contracts the Company held to purchase currencies were $5,563 , and the notional amounts of forward contracts the Company held to sell currencies were $7,398 . The fair values of outstanding foreign currency forward contracts were approximately $11 (recorded in accrued expenses) at March 31, 2018 . The following table presents the location and amount of net gains from hedging activities for the three months ended March 31, 2018 and 2017 : Three months ended March 31, Derivatives Income Statement Location 2018 2017 Foreign currency contracts Other income (expense), net $ 208 $ — Total gain $ 208 $ —

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
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. Anti-dumping and Countervailing Duties 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. 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 are subject to AD/CVD. On March 11, 2016, the Company filed an appeal with the U.S. Court of International Trade (“CIT”) related to the Commerce Department’s scope ruling. On February 7, 2017, the CIT remanded the scope ruling to the Commerce Department to reconsider its determination. The Commerce Department filed its remand determination with the CIT on June 7, 2017 continuing to find that the Company's imports at issue are within the scope of the AD/CVD orders on OCTG from China. On March 16, 2018, the CIT issued its decision on the appeal and sustained the Commerce Department’s scope ruling. The Company does not intend to appeal this ruling. On December 27, 2016, we received notice from U.S. Customs that it may pursue penalties against us related to the AD/CVD issue and demanding tender of alleged loss of AD/CVD in an amount of $3,049 , which had previously been accrued for in our financial statements. We filed a response to the notice on February 6, 2017 asserting our position that any decision to pursue penalties would be premature in light of the Remand Order and that penalties would not be appropriate under the applicable legal standards. On February 16, 2017, we received notice that U.S. Customs was seeking penalties in the amount of $14,783 . U.S. Customs also reasserted its demand for tender of alleged loss of AD/CVD in the amount of $3,049 . We tendered $3,049 in AD amounts (“Tendered Amounts”) on March 6, 2017 into a suspense account pending ultimate resolution of the AD/CVD case. We submitted a petition for relief and mitigation of penalties on May 17, 2017 asserting our position that the amount of penalties asserted by U.S. Customs is unreasonable and subject to challenge on various grounds. On March 27, 2018, we received notice from U.S. Customs Headquarters that it intends to move forward with its pursuit of penalties. The Company has initiated discussions with U.S. Customs Headquarters regarding the scope of penalties asserted and will have the opportunity to further present the arguments set forth in its petition for relief and mitigation of penalties. Based on these arguments and mitigation factors, the Company believes that the probable ultimate penalty amount will range between $3,103 and $12,410 based on the AD/CVD of $6,205 that were recorded in the fourth quarter of 2015. As no amount within the range is a better estimate than any other amount, the Company accrued the minimum amount in the range, $3,103 . For the three months ended March 31, 2018 , the Company recorded $25 of interest on its reserve for AD/CVD and $3,103 of potential penalties, bringing the total reserved amount related to AD/CVD and penalties as of March 31, 2018 to $6,712 . The Tendered Amounts were applied to reduce the reserve, and we expect to pay the remainder of the AD/CVD when they are finally assessed by Customs. The Company will continue to incur legal costs and could also be subject to additional interest. Patent and Trademark Infringement On July 1, 2016, GEODynamics, Inc., a US-based oil and gas perforating equipment manufacturer based in Fort Worth, Texas ("GEODynamics") filed a patent infringement action against DynaEnergetics US, Inc. (“DynaEnergetics”) in the United States District Court for the Eastern District of Texas (“District Court”) alleging infringement of US Patent No. 8,544,563 (the “563 patent”), also based on DynaEnergetics’ US sales of DPEX ® shaped charges. DynaEnergetics denies validity and infringement of the 563 patent and has vigorously defended itself against this lawsuit. As part of that defense, on September 20, 2016, DynaEnergetics filed an Inter Parties Review (IPR) against the 563 patent at the U.S. Patent Trial and Appeal Board (“PTAB”), requesting invalidation of the 563 patent. On March 17, 2017, DynaEnergetics' IPR request was instituted by the PTAB, and on March 1, 2018, PTAB issued its decision in favor of DynaEnergetics, invalidating all challenged claims of the 563 patent. Trial on the 563 patent remains stayed at this time, and DynaEnergetics plans to file for dismissal of the District Court case at the appropriate time. On April 28, 2017, GEODynamics filed a patent infringement action against DynaEnergetics in District Court alleging infringement of U.S. Patent No. 8,220,394 (the “394 patent”), based on DynaEnergetics' sales of its DPEX ® and HaloFrac ® shaped charges. DynaEnergetics denies validity and infringement of the 394 patent and plans to vigorously defend against this lawsuit. On August 28, 2017, DynaEnergetics filed an IPR against the 394 patent at the PTAB, requesting invalidation of the 394 patent. On March 8, 2018, PTAB issued its decision in which institution of the IPR review was denied. DynaEnergetics will proceed to trial, which is expected to occur in October 2018. On August 21, 2017, GEODynamics filed a patent infringement action against DynaEnergetics GmbH & Co. KG and DynaEnergetics Beteiligungs GmbH, both wholly owned subsidiaries of DMC (collectively, “DynaEnergetics EU”), in the Regional Court of Düsseldorf, Germany, alleging infringement of the German part DE 60 2004 033 297 of European patent EP 1 671 013 B1 granted on June 29, 2011, a patent related to the 394 patent (the “EP 013 patent”). This action is based on the manufacturing, sale and marketing of DPEX shaped charges in Germany. DynaEnergetics EU denies validity and infringement of the EP 013 patent and plans to vigorously defend against this lawsuit. DynaEnergetics EU filed its defense at the Regional Court of Düsseldorf and a nullity action against EP 013 at the German Federal Patent Court on February 14, 2018. A trial in the infringement proceedings is not yet scheduled but expected in the fourth quarter of 2018, and a trial in the nullity action is not expected before late 2019. On September 27, 2017, DynaEnergetics GmbH & Co. KG filed a revocation action in the Patents Court, Shorter Trials Scheme in the UK against GEODynamics, asserting that the EP 013 patent, as maintained in the UK, is invalid. GEODynamics filed its defense and a counterclaim alleging infringement of the EP 013 patent in November 2017 based on sales and marketing of DPEX ® shaped charges in the UK. DynaEnergetics denies validity and infringement of the EP 013 patent and plans to vigorously challenge the EP 013 patent and defend against this lawsuit. Trial is currently expected to occur in October 2018. We do not believe that the 563 patent, the 394 patent, the EP 013 patent or infringement claims based on the patents are valid, and we do not believe it is probable that we will incur a material loss on the 563 matter, the 394 matter or the EP 013 matter. However, if it is determined that the patents are valid and that DynaEnergetics or DynaEnergetics EU, as applicable, has infringed them, it is reasonably possible that our financial statements could be materially affected. We are not able to provide a reasonable estimate of the range of loss, and we have not accrued for any such losses. Such an evaluation includes, among other things, a determination of the total number of infringing sales in the United States or infringing products manufactured in Germany, as applicable, what a reasonable royalty, if any, might be under the circumstances; or, alternatively, the scope of damages and the relevant period for which damages would apply, if any.

RESTRUCTURING

RESTRUCTURING	3 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING During the fourth quarter of 2017, NobelClad announced plans to consolidate its European production facilities by closing manufacturing operations in France , which it expects to complete by the end of 2018. The proposed measures remain subject to consultation with the local workers council, in accordance with applicable French law, which is expected to be completed in April 2018. NobelClad plans to exit the Rivesaltes production facility, but will maintain its sales and administrative office in France. For the remainder of 2018, we expect to incur approximately $1,300 of restructuring expenses related to severance, equipment moving, legal fees, and contract termination costs. Total restructuring and impairment charges incurred for these programs are as follows and are reported in the “Restructuring expenses” line item in our Condensed Consolidated Statements of Operations: Three months ended March 31, 2018 Severance Asset Impairment Other Exit Costs Total NobelClad $ 53 $ — $ 91 $ 144 Total $ 53 $ — $ 91 $ 144 During the three months ended March 31, 2018 , the changes to the restructuring liability associated with these programs is summarized below: December 31, 2017 Expense Payments and Other Adjustments Currency Adjustments March 31, 2018 Severance $ 2,568 $ 53 $ (34 ) $ 74 $ 2,661 Other exit costs 10 91 (100 ) — 1 Total $ 2,578 $ 144 $ (134 ) $ 74 $ 2,662

SIGNIFICANT ACCOUNTING POLICI19

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of DMC Global Inc. ("DMC", "we", "us", "our", or the "Company) 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 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.
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted a new accounting standard, as amended, regarding revenue from contracts with customers using the modified retrospective approach, which was applied to all contracts with customers. Under the new standard, an entity is required to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. There was no cumulative financial statement effect of initially applying the new revenue standard because an analysis of our contracts supported the recognition of revenue consistent with our historical approach. In accordance with the modified retrospective approach, the comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The Company does not expect the adoption of the new revenue standard to have a material impact to the Company’s revenues or net income on an ongoing basis. The Company’s revenues are primarily derived from consideration paid by customers for tangible goods. The Company analyzes its different goods and services by segment to determine the appropriate basis for revenue recognition, as described below. Revenue is not generated from sources other than contracts with customers and revenue is recognized net of any taxes collected from customers, which are subsequently remitted to governmental authorities. There are no material upfront costs for operations that are incurred from contracts with customers. On occasion, NobelClad and DynaEnergetics may require customers to make advance payments prior to the shipment of goods. We record such payments as contract liabilities in our Consolidated Balance Sheet. Please refer to Note 5 “Contract Liabilities” for further information. Our rights to payments for goods transferred to customers are conditional only on the passage of time and not on any other criteria. Payment terms and conditions vary by contract, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined that our contracts do not include a significant financing component given the short duration between order initiation and order fulfillment within each of our segments. Refer to Note 8 “Business Segments” for additional disaggregated revenue disclosures. NobelClad Customers agree to terms and conditions at the time of initiating an order. The significant majority of transactions contain a single performance obligation - the delivery of a clad metal product. In instances where multiple products are included within an order, each product represents a separate performance obligation given that: (1) the customer can benefit from each product on a standalone basis and (2) each product is distinct within the context of the contract. The transaction price is readily determinable and fixed at the time the transaction is entered into with the customer. NobelClad is entitled to each product’s transaction price upon the customer obtaining control of the item. Such control occurs as of a point in time, which is generally based upon relevant International Commercial Terms ("Incoterms") as it relates to product ownership and legal title being transferred. Upon fulfillment of applicable Incoterms, NobelClad has performed its contractual requirements such that it has a present right to payment, and the customer from that point forward bears all risks and rewards of ownership. In addition, at this date, the customer has the ability to direct the use of, or restrict the access to, the asset. No payment discounts, rebates, refunds, or any other forms of variable consideration are included within its contracts. NobelClad also does not provide service-type warranties either via written agreement or customary business practice, nor does it allow customer returns. For contracts that contain only one performance obligation, the total transaction price is allocated to the sole performance obligation. For less frequent contracts which contain multiple distinct performance obligations, judgment is required to determine the standalone selling price ("SSP") for each performance obligation. NobelClad uses the expected cost plus margin approach in order to estimate SSP, whereby an entity forecasts its expected costs of satisfying a performance obligation and then adds an appropriate margin for that good or service. The required judgment described herein largely is mitigated given the short duration between order initiation and complete order fulfillment. DynaEnergetics Customers agree to terms and conditions at the time of initiating an order. Transactions contain standard products, which may include perforating system components, such as detonating cord, or systems and associated hardware, including factory-assembled DynaStage ® perforating systems and DynaSelect ® detonators. In instances where multiple products are included within an order, each product represents a separate performance obligation given that: (1) the customer can benefit from each product on a standalone basis and (2) each product is distinct within the context of the contract. The transaction price is readily determinable and fixed at the time the transaction is entered into with the customer. DynaEnergetics is entitled to each product’s transaction price upon the customer obtaining control of the item. Such control occurs as of a point in time, which is generally based upon relevant Incoterms as it relates to product ownership and legal title being transferred. Upon fulfillment of applicable Incoterms, DynaEnergetics has performed its contractual requirements such that it has a present right to payment, and the customer from that point forward bears all risks and rewards of ownership. In addition, at this date, the customer has the ability to direct the use of, or restrict the access to, the asset. No payment discounts, rebates, refunds, or any other forms of variable consideration are included within contracts. DynaEnergetics also does not provide service-type warranties either via written agreement or customary business practice, nor does it allow customer returns without its prior approval. For orders that contain only one performance obligation, the total transaction price is allocated to the sole performance obligation. For orders that contain multiple products being purchased by the customer, judgment is required to determine SSP for each distinct performance obligation. However, such judgment largely is mitigated given that products purchased are generally shipped at the same time. In instances where products purchased are not shipped at the same time, DynaEnergetics uses the contractually stated price to determine SSP as this price approximates the price of each good as sold separately.
Earnings Per Share	Earnings Per Share The Company computes earnings per share ("EPS") using a two-class method, which is an earnings allocation formula that determines EPS for (i) each class of common stock (the Company has a single class of common stock), and (ii) participating securities according to dividends declared and participation rights in undistributed earnings. Restricted stock awards are considered participating securities as they received non-forfeitable rights to dividends as common stock. Basic EPS is then calculated by dividing net income (loss) available to common shareholders of the Company by the weighted‑average number of common shares outstanding during the period. Diluted EPS adjusts basic EPS for the effects of restricted stock awards, performance share units and other potentially dilutive financial instruments (dilutive securities), only in the periods in which such effect is dilutive. The effect of the dilutive securities is reflected in diluted EPS by application of the more dilutive of (1) the treasury stock method or (2) the two-class method assuming nonvested shares are not converted into common shares. Three months ended March 31, 2018 2017 Net income (loss) as reported 3,920 (3,020 ) Less: Distributed net income available to participating securities (8 ) — Less: Undistributed net income available to participating securities (94 ) — Numerator for basic net income per share: 3,818 (3,020 ) Add: Undistributed net income allocated to participating securities 94 — Less: Undistributed net income reallocated to participating securities (94 ) — Numerator for diluted net income per share: 3,818 (3,020 ) Denominator: Weighted average shares outstanding for basic net income per share 14,449,915 14,270,365 Effect of dilutive securities — — Weighted average shares outstanding for diluted net income per share 14,449,915 14,270,365 Net income (loss) per share: Basic $ 0.26 $ (0.21 ) Diluted $ 0.26 $ (0.21 )
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We are required to use an established hierarchy for fair value measurements based upon the inputs to the valuation and the degree to which they are observable or not observable in the market. The three levels in the hierarchy are as follows: • Level 1 — Inputs to the valuation based upon quoted prices (unadjusted) for identical assets or liabilities in active markets that are accessible as of the measurement date. • Level 2 — Inputs to the valuation include quoted prices in either markets that are not active, or in active markets for similar assets or liabilities, inputs other than quoted prices that are observable, and inputs that are derived principally from or corroborated by observable market data. • Level 3 — Inputs to the valuation that are unobservable inputs for the asset or liability. The highest priority is assigned to Level 1 inputs and the lowest priority to Level 3 inputs. The carrying value of cash and cash equivalents, trade accounts receivable and payables, accrued expenses and lines of credit approximate their fair value. Our foreign currency forward contracts are determined using a yield curve model based on quoted market prices. As a result, these investments have been classified as Level 2 in the fair value hierarchy.
Recently Adopted Accounting Standards and Recent Accounting Pronouncements	Recently Adopted Accounting Standards In October 2016, the Financial Accounting Standards Board (" FASB") issued Accounting Standards Update ("ASU") 2016-16 which removes the prohibition against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. This ASU is effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, and the Company adopted this ASU in the first quarter of 2018. The adoption of this ASU resulted in a reduction to January 1, 2018 "Retained earnings" in the Condensed Consolidated Balance Sheet of $65 and eliminated a $65 prepaid income tax recorded in the Consolidated Balance Sheet as of December 31, 2017. In March 2017, the FASB issued ASU 2017-07 to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost within an entity's financial statements. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. The Company adopted this ASU in the first quarter of 2018. The Company records its annual adjustment to its defined benefit pension obligation based upon actuarial calculations performed during the fourth quarter. The adoption of this ASU is not expected to have a material impact on the consolidated financial statements. Recent Accounting Pronouncements In February 2016, the FASB issued an ASU which amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. This ASU will be effective beginning in the first quarter of 2019. Early adoption is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements.
Inventories	Inventories are stated at the lower of cost (first-in, first-out) or net realizable value. Significant cost elements included in inventory are material, labor, freight, 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, 2018
Accounting Policies [Abstract]
Schedule of computation and reconciliation of earnings per common share	Three months ended March 31, 2018 2017 Net income (loss) as reported 3,920 (3,020 ) Less: Distributed net income available to participating securities (8 ) — Less: Undistributed net income available to participating securities (94 ) — Numerator for basic net income per share: 3,818 (3,020 ) Add: Undistributed net income allocated to participating securities 94 — Less: Undistributed net income reallocated to participating securities (94 ) — Numerator for diluted net income per share: 3,818 (3,020 ) Denominator: Weighted average shares outstanding for basic net income per share 14,449,915 14,270,365 Effect of dilutive securities — — Weighted average shares outstanding for diluted net income per share 14,449,915 14,270,365 Net income (loss) per share: Basic $ 0.26 $ (0.21 ) Diluted $ 0.26 $ (0.21 )

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Schedule of components of inventory	Inventories consist of the following at March 31, 2018 and December 31, 2017 and include reserves of $2,865 and $3,068 , respectively: March 31, December 31, Raw materials $ 21,773 $ 16,255 Work-in-process 7,678 6,120 Finished goods 16,703 13,049 Supplies 304 318 $ 46,458 $ 35,742

PURCHASED INTANGIBLE ASSETS (Ta

PURCHASED INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of details of purchased intangible assets, other than goodwill	The following table presents details of our purchased intangible assets as of March 31, 2018 : Gross Accumulated Amortization Net Core technology $ 20,498 $ (10,863 ) $ 9,635 Customer relationships 39,833 (37,347 ) 2,486 Trademarks / Trade names 2,247 (2,247 ) — Total intangible assets $ 62,578 $ (50,457 ) $ 12,121 The following table presents details of our purchased intangible assets, other than goodwill, as of December 31, 2017 : Gross Accumulated Amortization Net Core technology $ 20,027 $ (10,333 ) $ 9,694 Customer relationships 39,244 (36,077 ) 3,167 Trademarks / Trade names 2,149 (2,149 ) — Total intangible assets $ 61,420 $ (48,559 ) $ 12,861

CONTRACT LIABILITIES (Tables)

CONTRACT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities	As of March 31, 2018 and December 31, 2017 , contract liabilities (previously known as customer advances) were as follows: March 31, 2018 December 31, 2017 NobelClad 5,121 5,804 DynaEnergetics 94 84 Total $ 5,215 $ 5,888

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of lines of credit	Lines of credit consisted of the following at March 31, 2018 and December 31, 2017 : March 31, December 31, Syndicated credit agreement: U.S. Dollar revolving loan $ 26,655 $ 18,250 Alternative currency revolving loan — — Capital expenditure loan 3,278 — German bank line of credit — — 29,933 18,250 Less current portion — — Long-term lines of credit 29,933 18,250 Less: debt issuance costs 583 266 Lines of credit $ 29,350 $ 17,984

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of segment information	Segment information is presented for the three months ended March 31, 2018 and 2017 as follows: Three months ended March 31, 2018 2017 Net sales: NobelClad $ 18,192 $ 16,934 DynaEnergetics 49,121 22,028 Consolidated net sales $ 67,313 $ 38,962 Three months ended March 31, 2018 2017 Operating income (loss) NobelClad $ (12 ) $ 395 DynaEnergetics 8,720 40 Segment operating income 8,708 435 Unallocated corporate expenses (2,688 ) (2,170 ) Stock-based compensation (708 ) (571 ) Other income (expense), net (377 ) 421 Interest expense (466 ) (506 ) Interest income 1 1 Income (loss) before income taxes $ 4,470 $ (2,390 ) Three months ended March 31, 2018 2017 Depreciation and amortization: NobelClad $ 816 $ 989 DynaEnergetics 1,559 1,676 Segment depreciation and amortization $ 2,375 $ 2,665
Disaggregation of Revenue	The disaggregation of revenue earned from contracts with customers based on the geographic location of the customer is as follows. Revenues that would have been reported under previous accounting guidance would not have been materially different from the amounts shown below. Three months ended March 31, 2018 2017 United States 5,706 5,979 Canada 1,794 2,666 United Arab Emirates 131 357 France 951 571 South Korea 1,003 448 Germany 1,613 2,031 Oman 161 1,172 India 770 208 Spain 168 222 China 3,458 40 Italy 205 536 Sweden 138 430 Rest of the world 2,094 2,274 Total NobelClad $ 18,192 $ 16,934 Three months ended March 31, 2018 2017 United States 36,130 14,446 Canada 5,785 2,779 United Arab Emirates 523 22 France 52 35 Oman 682 113 Germany 28 37 Russia 1,282 929 India 635 823 Egypt 542 321 Romania 244 263 Italy — 24 Hong Kong — 457 Rest of the world 3,218 1,779 Total DynaEnergetics $ 49,121 $ 22,028

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain/(Loss) Recognized in Income on Derivatives	The following table presents the location and amount of net gains from hedging activities for the three months ended March 31, 2018 and 2017 : Three months ended March 31, Derivatives Income Statement Location 2018 2017 Foreign currency contracts Other income (expense), net $ 208 $ — Total gain $ 208 $ —

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	3 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring and impairment charges incurred	Total restructuring and impairment charges incurred for these programs are as follows and are reported in the “Restructuring expenses” line item in our Condensed Consolidated Statements of Operations: Three months ended March 31, 2018 Severance Asset Impairment Other Exit Costs Total NobelClad $ 53 $ — $ 91 $ 144 Total $ 53 $ — $ 91 $ 144
Changes to the restructuring liability	During the three months ended March 31, 2018 , the changes to the restructuring liability associated with these programs is summarized below: December 31, 2017 Expense Payments and Other Adjustments Currency Adjustments March 31, 2018 Severance $ 2,568 $ 53 $ (34 ) $ 74 $ 2,661 Other exit costs 10 91 (100 ) — 1 Total $ 2,578 $ 144 $ (134 ) $ 74 $ 2,662

SIGNIFICANT ACCOUNTING POLICI28

SIGNIFICANT ACCOUNTING POLICIES - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Numerator:
Net income (loss)	$ 3,920	$ (3,020)
Less: Distributed net income available to participating securities - basic	(8)	0
Less: Undistributed net income available to participating securities - basic	(94)	0
Numerator for basic/diluted net income per share	3,818	(3,020)
Add: Undistributed net income allocated to participating securities	94	0
Less: Undistributed net income reallocated to participating securities	$ (94)	$ 0
Denominator:
Weighted average shares outstanding for basic net income per share (In shares)	14,449,915	14,270,365
Effect of dilutive securities (In shares)	0	0
Weighted average shares outstanding for diluted net income per share (In shares)	14,449,915	14,270,365
Net income (loss) allocated to common stock for EPS calculation:
Basic (in dollars per share)	$ 0.26	$ (0.21)
Diluted (in dollars per share)	$ 0.26	$ (0.21)

SIGNIFICANT ACCOUNTING POLICI29

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Potentially dilutive shares excluded from EPS	183,083
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in retained earnings		$ (63,634)		$ (60,074)
Accounting Standards Update 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in retained earnings			$ 65
Reduction in prepaid taxes				$ 65

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 2,865	$ 3,068
Inventories
Raw materials	21,773	16,255
Work-in-process	7,678	6,120
Finished goods	16,703	13,049
Supplies	304	318
Total inventory	$ 46,458	$ 35,742

PURCHASED INTANGIBLE ASSETS (De

PURCHASED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Purchased intangible assets
Gross	$ 62,578	$ 61,420
Accumulated Amortization	(50,457)	(48,559)
Net	12,121	12,861
Core technology
Purchased intangible assets
Gross	20,498	20,027
Accumulated Amortization	(10,863)	(10,333)
Net	9,635	9,694
Customer relationships
Purchased intangible assets
Gross	39,833	39,244
Accumulated Amortization	(37,347)	(36,077)
Net	2,486	3,167
Trademarks / Trade names
Purchased intangible assets
Gross	2,247	2,149
Accumulated Amortization	(2,247)	(2,149)
Net	$ 0	$ 0

CONTRACT LIABILITIES (Details)

CONTRACT LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	$ 5,215	$ 5,888
Contract liability recorded as net sales	1,700
NobelClad
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	5,121	5,804
DynaEnergetics
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	$ 94	$ 84

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Lines of credit
Total lines of credit	$ 29,933	$ 18,250
Less current portion	0	0
Long-term lines of credit	29,933	18,250
Less: debt issuance costs	583	266
Lines of credit	29,350	17,984
Alternative currency revolving loan
Lines of credit
Total lines of credit	0	0
Capital expenditure loan
Lines of credit
Total lines of credit	3,278	0
German bank line of credit
Lines of credit
Total lines of credit	0	0
Credit Facility | U.S. Dollar revolving loan
Lines of credit
Total lines of credit	$ 26,655	$ 18,250

DEBT - Narrative (Details)

DEBT - Narrative (Details)	Mar. 08, 2018USD ($)bank	Mar. 31, 2018USD ($)	Mar. 31, 2018EUR (€)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Amortization of principal, percent	12.50%
Credit agreement, number of banks | bank	3
Debt issuance costs		$ 583,000		$ 266,000
Credit Facility
Debt Instrument [Line Items]
Credit facility, term	5 years
Write-off of deferred debt issuance cost	$ 159,000
Additional costs incurred	507,000
Credit Facility | Syndicated Credit Facility 2018
Debt Instrument [Line Items]
Maximum borrowing capacity	75,000,000
Accordion feature		$ 100,000,000
Credit Facility | U.S. Dollar revolving loan
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000
Credit Facility | Alternate currencies revolving loan
Debt Instrument [Line Items]
Maximum borrowing capacity	20,000,000			5,000,000
Credit Facility | Alternate currencies revolving loan | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate		1.50%
Credit Facility | Alternate currencies revolving loan | Minimum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate		0.50%
Credit Facility | Alternate currencies revolving loan | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate		3.00%
Credit Facility | Alternate currencies revolving loan | Maximum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate		2.00%
Credit Facility | Capital expenditure loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 25,000,000
Credit Facility | German bank line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity | €			€ 4,000,000
Available borrowing capacity | €			€ 2,783,000
Credit Facility | Syndicated Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity				30,000,000
Credit Facility | Syndicated Credit Facility 2015
Debt Instrument [Line Items]
Maximum borrowing capacity				35,000,000
Accordion feature				$ 25,000,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Operating Loss Carryforwards [Line Items]
Tax Act, provisional income tax expense (benefit)	$ (268)	$ 946	$ 0
Tax Act, provisional liability	678
Tax Act, transition tax for accumulated foreign earnings, provisional income tax expense		$ 946
Tax Act, transition tax, current accrued income taxes	75
Tax Act, transition tax, other long term liabilities	$ 603
Minimum
Operating Loss Carryforwards [Line Items]
Differences between U.S. and foreign tax rates, range (as a percent)	20.00%
Maximum
Operating Loss Carryforwards [Line Items]
Differences between U.S. and foreign tax rates, range (as a percent)	34.00%

BUSINESS SEGMENTS - Segment Inf

BUSINESS SEGMENTS - Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)segment	Mar. 31, 2017USD ($)
Segment information
Number of segments | segment	2
Consolidated net sales	$ 67,313	$ 38,962
Segment operating income	5,312	(2,306)
Other income (expense), net	(377)	421
Interest expense	(466)	(506)
Interest income	1	1
INCOME (LOSS) BEFORE INCOME TAXES	4,470	(2,390)
Operating Segments
Segment information
Segment operating income	8,708	435
Segment depreciation and amortization	2,375	2,665
Segment Reconciling Items
Segment information
Unallocated corporate expenses	(2,688)	(2,170)
Stock-based compensation	(708)	(571)
NobelClad
Segment information
Consolidated net sales	18,192	16,934
NobelClad | Operating Segments
Segment information
Segment operating income	(12)	395
Segment depreciation and amortization	816	989
DynaEnergetics
Segment information
Consolidated net sales	49,121	22,028
DynaEnergetics | Operating Segments
Segment information
Segment operating income	8,720	40
Segment depreciation and amortization	$ 1,559	$ 1,676

BUSINESS SEGMENTS - Disaggregat

BUSINESS SEGMENTS - Disaggregation of Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
NobelClad
Disaggregation of Revenue [Line Items]
Revenue by geographic location	$ 18,192	$ 16,934
NobelClad | United States
Disaggregation of Revenue [Line Items]
Revenue by geographic location	5,706	5,979
NobelClad | Canada
Disaggregation of Revenue [Line Items]
Revenue by geographic location	1,794	2,666
NobelClad | United Arab Emirates
Disaggregation of Revenue [Line Items]
Revenue by geographic location	131	357
NobelClad | France
Disaggregation of Revenue [Line Items]
Revenue by geographic location	951	571
NobelClad | South Korea
Disaggregation of Revenue [Line Items]
Revenue by geographic location	1,003	448
NobelClad | Germany
Disaggregation of Revenue [Line Items]
Revenue by geographic location	1,613	2,031
NobelClad | Oman
Disaggregation of Revenue [Line Items]
Revenue by geographic location	161	1,172
NobelClad | India
Disaggregation of Revenue [Line Items]
Revenue by geographic location	770	208
NobelClad | Spain
Disaggregation of Revenue [Line Items]
Revenue by geographic location	168	222
NobelClad | China
Disaggregation of Revenue [Line Items]
Revenue by geographic location	3,458	40
NobelClad | Italy
Disaggregation of Revenue [Line Items]
Revenue by geographic location	205	536
NobelClad | Sweden
Disaggregation of Revenue [Line Items]
Revenue by geographic location	138	430
NobelClad | Rest of the world
Disaggregation of Revenue [Line Items]
Revenue by geographic location	2,094	2,274
DynaEnergetics
Disaggregation of Revenue [Line Items]
Revenue by geographic location	49,121	22,028
DynaEnergetics | United States
Disaggregation of Revenue [Line Items]
Revenue by geographic location	36,130	14,446
DynaEnergetics | Canada
Disaggregation of Revenue [Line Items]
Revenue by geographic location	5,785	2,779
DynaEnergetics | United Arab Emirates
Disaggregation of Revenue [Line Items]
Revenue by geographic location	523	22
DynaEnergetics | France
Disaggregation of Revenue [Line Items]
Revenue by geographic location	52	35
DynaEnergetics | Germany
Disaggregation of Revenue [Line Items]
Revenue by geographic location	28	37
DynaEnergetics | Russia
Disaggregation of Revenue [Line Items]
Revenue by geographic location	1,282	929
DynaEnergetics | Oman
Disaggregation of Revenue [Line Items]
Revenue by geographic location	682	113
DynaEnergetics | India
Disaggregation of Revenue [Line Items]
Revenue by geographic location	635	823
DynaEnergetics | Egypt
Disaggregation of Revenue [Line Items]
Revenue by geographic location	542	321
DynaEnergetics | Romania
Disaggregation of Revenue [Line Items]
Revenue by geographic location	244	263
DynaEnergetics | Italy
Disaggregation of Revenue [Line Items]
Revenue by geographic location	0	24
DynaEnergetics | Hong Kong
Disaggregation of Revenue [Line Items]
Revenue by geographic location	0	457
DynaEnergetics | Rest of the world
Disaggregation of Revenue [Line Items]
Revenue by geographic location	$ 3,218	$ 1,779

DERIVATIVE INSTRUMENTS - Narra

DERIVATIVE INSTRUMENTS - Narrative (Details) - Foreign Exchange Forward $ in Thousands	Mar. 31, 2018USD ($)
Derivatives, Fair Value [Line Items]
Fair value of outstanding foreign currency forward	$ 11
Long
Derivatives, Fair Value [Line Items]
Notional amounts	5,563
Short
Derivatives, Fair Value [Line Items]
Notional amounts	$ 7,398

DERIVATIVE INSTRUMENTS - Gain_

DERIVATIVE INSTRUMENTS - Gain/(Loss) Recognized in Income on Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency contracts	$ 208	$ 0
Foreign currency contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency contracts	$ 208	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - US Customs Notice of Action - Unfavorable Regulatory Action - USD ($) $ in Thousands	Mar. 06, 2017	Feb. 16, 2017	Aug. 31, 2015	Mar. 31, 2018	Dec. 31, 2015	Dec. 27, 2016	Jul. 31, 2015
Loss Contingencies [Line Items]
Requested payment of AD/CVD cash deposits		$ 14,783		$ 3,103		$ 3,049
AD/CVD cash deposits to be remitted or bond posted		$ 3,049
Amount tendered into a suspense account	$ 3,049
Addition to reserve					$ 6,205
Loss contingency reserve				6,712
Threatened Litigation
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
Interest expense
Loss Contingencies [Line Items]
Addition to reserve				25
Minimum
Loss Contingencies [Line Items]
Requested payment of AD/CVD cash deposits				3,103
Maximum
Loss Contingencies [Line Items]
Requested payment of AD/CVD cash deposits				$ 12,410

RESTRUCTURING - Summary of Rest

RESTRUCTURING - Summary of Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 144	$ 0
NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	144
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	53
Severance | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	53
Asset Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	0
Asset Impairment | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	0
Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	91
Other Exit Costs | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	91
NobelClad
Restructuring Cost and Reserve [Line Items]
Additional restructuring expenses expected	$ 1,300

RESTRUCTURING - Rollforward of

RESTRUCTURING - Rollforward of Restructuring Charges (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Restructuring Reserve [Roll Forward]
December 31, 2017	$ 2,578
Expense	144
Payments and Other Adjustments	(134)
Restructuring Reserve, Translation and Other Adjustment	74
March 31, 2018	2,662
Severance
Restructuring Reserve [Roll Forward]
December 31, 2017	2,568
Expense	53
Payments and Other Adjustments	(34)
Restructuring Reserve, Translation and Other Adjustment	74
March 31, 2018	2,661
Other exit costs
Restructuring Reserve [Roll Forward]
December 31, 2017	10
Expense	91
Payments and Other Adjustments	(100)
Restructuring Reserve, Translation and Other Adjustment	0
March 31, 2018	$ 1