DMC Global (BOOM) 10-Q 25 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 25, 2019
Document and Entity Information
Entity Registrant Name	DMC Global Inc.
Entity Central Index Key	0000034067
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,646,065

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 14,881	$ 13,375
Accounts receivable, net of allowance for doubtful accounts of $428 and $513, respectively	76,800	59,709
Inventories	59,980	51,074
Prepaid expenses and other	6,650	8,058
Total current assets	158,311	132,216
Property, plant and equipment	169,178	160,725
Less - accumulated depreciation	(63,946)	(65,585)
Property, plant and equipment, net	105,232	95,140
Purchased intangible assets, net	7,375	8,589
Deferred tax assets	3,656	4,001
Other assets	10,610	472
Total assets	285,184	240,418
Current liabilities:
Accounts payable	36,179	24,243
Accrued expenses	10,048	8,967
Accrued anti-dumping penalties	0	8,000
Dividend payable	299	295
Accrued income taxes	9,419	9,545
Accrued employee compensation and benefits	7,170	9,250
Contract liabilities	2,076	1,140
Current portion of long-term debt	3,125	3,125
Other current liabilities	2,016	0
Total current liabilities	70,332	64,565
Long-term debt	32,744	38,230
Deferred tax liabilities	458	379
Other long-term liabilities	18,149	2,958
Total liabilities	121,683	106,132
Commitments and contingencies (Note 11)
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; 14,647,091 and 14,905,776 shares outstanding, respectively	756	749
Additional paid-in capital	82,853	80,077
Retained earnings	121,107	89,291
Other cumulative comprehensive loss	(33,895)	(35,014)
Treasury stock, at cost, and company stock held for deferred compensation, at par; 460,823 and 82,186 shares, respectively	(7,320)	(817)
Total stockholders’ equity	163,501	134,286
Total liabilities and stockholders’ equity	$ 285,184	$ 240,418

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 428	$ 513
Preferred stock, par value (in dollars per share)	$ 0.05	$ 0.05
Preferred stock, authorized (in shares)	4,000,000	4,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.05	$ 0.05
Common stock, authorized (in shares)	25,000,000	25,000,000
Common stock, outstanding (in shares)	14,647,091	14,905,776
Treasury stock (in shares)	(460,823)	(82,186)

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net sales	$ 110,954	$ 80,915	$ 211,089	$ 148,228
Cost of products sold	68,881	54,140	132,611	98,700
Gross profit	42,073	26,775	78,478	49,528
Costs and expenses:
General and administrative expenses	9,460	9,743	18,628	17,920
Selling and distribution expenses	7,239	5,795	13,548	11,007
Amortization of purchased intangible assets	397	791	795	1,596
Restructuring expenses, net	324	217	402	361
Anti-dumping duty penalties	0	0	0	3,103
Total costs and expenses	17,420	16,546	33,373	33,987
Operating income	24,653	10,229	45,105	15,541
Other income (expense):
Other income (expense), net	343	(327)	322	(704)
Interest expense, net	(409)	(136)	(782)	(601)
Income before income taxes	24,587	9,766	44,645	14,236
Income tax provision	7,343	3,394	12,231	3,944
Net income	$ 17,244	$ 6,372	$ 32,414	$ 10,292
Net income per share
Basic (in dollars per share)	$ 1.17	$ 0.43	$ 2.20	$ 0.69
Diluted (in dollars per share)	$ 1.15	$ 0.43	$ 2.17	$ 0.69
Weighted-average shares outstanding:
Basic (in shares)	14,647,019	14,534,016	14,624,718	14,491,569
Diluted (in shares)	14,899,987	14,534,016	14,849,816	14,491,569
Dividends declared per common share (in dollars per share)	$ 0.02	$ 0.02	$ 0.04	$ 0.04

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 17,244	$ 6,372	$ 32,414	$ 10,292
Change in cumulative foreign currency translation adjustment	1,538	(4,356)	1,119	(2,751)
Total comprehensive income	$ 18,782	$ 2,016	$ 33,533	$ 7,541

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Other Cumulative Comprehensive Loss	Treasury Stock and Company Stock Held for Deferred Compensation
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	10,292			10,292
Change in cumulative foreign currency translation adjustment	(2,751)				(2,751)
Shares issued in connection with stock compensation plans (in shares)		151,378
Shares issued in connection with stock compensation plans	232	$ 8	224
Stock-based compensation	1,719		1,719
Dividends declared	(595)			(595)
Treasury stock activity and transfers of stock to rabbi trust	(383)					$ (383)
Treasury stock purchases (in shares)						(33,669)
Balances (in shares) at Jun. 30, 2018		14,973,179				73,452
Balances at Jun. 30, 2018	114,229	$ 749	78,089	69,706	(33,570)	$ (745)
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)
Increase (Decrease) in Stockholders' Equity
Net income	6,372			6,372
Change in cumulative foreign currency translation adjustment	(4,356)				(4,356)
Shares issued in connection with stock compensation plans (in shares)		24,885
Shares issued in connection with stock compensation plans	232	$ 2	230
Stock-based compensation	964		964
Dividends declared	(300)			(300)
Treasury stock activity and transfers of stock to rabbi trust	(40)					$ (40)
Treasury stock purchases (in shares)						(1,348)
Balances (in shares) at Jun. 30, 2018		14,973,179				73,452
Balances at Jun. 30, 2018	114,229	$ 749	78,089	69,706	(33,570)	$ (745)
Balances (in shares) at Dec. 31, 2018		14,987,962				82,186
Balances at Dec. 31, 2018	134,286	$ 749	80,077	89,291	(35,014)	$ (817)
Increase (Decrease) in Stockholders' Equity
Net income	32,414			32,414
Change in cumulative foreign currency translation adjustment	1,119				1,119
Shares issued in connection with stock compensation plans (in shares)		119,952				7,502
Shares issued in connection with stock compensation plans	358	$ 7	351
Stock-based compensation	2,411		2,411
Dividends declared	(598)			(598)
Treasury stock activity and transfers of stock to rabbi trust	(6,489)		14			$ (6,503)
Treasury stock purchases (in shares)						(386,139)
Balances (in shares) at Jun. 30, 2019		15,107,914				460,823
Balances at Jun. 30, 2019	163,501	$ 756	82,853	121,107	(33,895)	$ (7,320)
Balances (in shares) at Mar. 31, 2019		15,089,080				103,384
Balances at Mar. 31, 2019	148,911	$ 755	81,122	104,162	(35,433)	$ (1,695)
Increase (Decrease) in Stockholders' Equity
Net income	17,244			17,244
Change in cumulative foreign currency translation adjustment	1,538				1,538
Shares issued in connection with stock compensation plans (in shares)		18,834
Shares issued in connection with stock compensation plans	358	$ 1	357
Stock-based compensation	1,360		1,360
Dividends declared	(299)			(299)
Treasury stock activity and transfers of stock to rabbi trust	(5,611)		14			$ (5,625)
Treasury stock purchases (in shares)						(357,439)
Balances (in shares) at Jun. 30, 2019		15,107,914				460,823
Balances at Jun. 30, 2019	$ 163,501	$ 756	$ 82,853	$ 121,107	$ (33,895)	$ (7,320)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows provided by (used in) operating activities:
Net income	$ 32,414	$ 10,292
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	3,955	3,171
Amortization of purchased intangible assets	795	1,596
Amortization of deferred debt issuance costs	83	224
Stock-based compensation	2,666	1,792
Deferred income taxes	424	33
Loss on disposal of property, plant and equipment	(317)	(26)
Restructuring expenses	402	361
Transition tax liability	0	(268)
Change in:
Accounts receivable, net	(16,123)	(14,198)
Inventories	(8,636)	(18,790)
Prepaid expenses and other	3,850	(513)
Accounts payable	12,657	8,813
Contract liabilities	936	(3,509)
Accrued anti-dumping duties and penalties	(8,000)	2,958
Accrued expenses and other liabilities	(2,438)	6,433
Net cash provided by (used in) operating activities	23,302	(1,579)
Cash flows used in investing activities:
Acquisition of property, plant and equipment	(16,283)	(16,201)
Proceeds on sale of property, plant and equipment	1,258	0
Net cash used in investing activities	(15,025)	(16,201)
Cash flows provided by (used in) financing activities:
(Repayments) borrowings on bank lines of credit, net	(3,999)	4,822
(Repayments) borrowings on capital expenditure facility	(1,562)	11,803
Payment of dividends	(598)	(593)
Payment of debt issuance costs	0	(131)
Net proceeds from issuance of common stock to employees and directors	358	230
Treasury stock purchases	(956)	(383)
Net cash provided by (used in) financing activities	(6,757)	15,748
Effects of exchanges rates on cash	(14)	(322)
Net increase (decrease) in cash and cash equivalents	1,506	(2,354)
Cash and cash equivalents, beginning of the period	13,375	8,983
Cash and cash equivalents, end of the period	14,881	$ 6,629
Supplemental disclosure of cash flow information:
Non-cash lease liabilities arising from obtaining right-of-use assets (Note 6)	$ 8,821

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2019
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, 2018 .

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2019
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. 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 to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods. The Company’s revenues are primarily derived from consideration paid by customers for tangible goods. The Company analyzes its different goods by segment to determine the appropriate basis for revenue recognition. 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. Our rights to payments for goods transferred to customers arise when control is transferred at a point in 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 when we require customers to make advance payments prior to the shipment of their orders, we record a contract liability. We have determined that our contract liabilities do not include a significant financing component given the short duration between order initiation and order fulfillment within each of our segments. Please refer to Note 5 “Contract Liabilities” for further information on contract liabilities and Note 9 “Business Segments” for disaggregated revenue disclosures. For the three months ended June 30, 2019 and 2018 , we recorded $114 and $53 of bad debt expense, respectively. For the six months ended June 30, 2019 and 2018 , we recorded $174 and $102 of bad debt expense, respectively. 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 is 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 that it 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 to be realized upon ultimate resolution. We recognize interest and penalties related to uncertain tax positions in operating expense. 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 receive non-forfeitable rights to dividends similar to common stock. Basic EPS is then calculated by dividing net income available to common stockholders of the Company by the weighted‑average number of shares of common stock 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 shares of common stock. For the periods presented, diluted EPS using the treasury stock method was less dilutive than the two-class method; as such, only the two-class method has been included below. Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Net income as reported $ 17,244 $ 6,372 32,414 10,292 Less: Distributed net income available to participating securities (2 ) (7 ) (5 ) (14 ) Less: Undistributed net income available to participating securities (136 ) (141 ) (256 ) (225 ) Numerator for basic net income per share: 17,106 6,224 32,153 10,053 Add: Undistributed net income allocated to participating securities 136 141 256 225 Less: Undistributed net income reallocated to participating securities (134 ) (141 ) (252 ) (225 ) Numerator for diluted net income per share: 17,108 6,224 32,157 10,053 Denominator: Weighted average shares outstanding for basic net income per share 14,647,019 14,534,016 14,624,718 14,491,569 Effect of dilutive securities 252,968 — 225,098 — Weighted average shares outstanding for diluted net income per share 14,899,987 14,534,016 14,849,816 14,491,569 Net income per share: Basic $ 1.17 $ 0.43 $ 2.20 $ 0.69 Diluted $ 1.15 $ 0.43 $ 2.17 $ 0.69 Deferred compensation The Company maintains a Non-Qualified Deferred Compensation Plan (the “Plan”) as part of its overall compensation package for certain employees. Participants are eligible to defer a portion of their annual salary, their annual incentive bonus, and their equity awards through the Plan on a tax-deferred basis. Deferrals into the Plan are not matched or subsidized by the Company, nor are they eligible for above-market or preferential earnings. The Plan provides for deferred compensation obligations to be settled either by delivery of a fixed number of shares of DMC’s common stock or in cash, in accordance with participant contributions and elections. For deferred equity awards, subsequent to equity award vesting and after a period prescribed by the Plan, participants can elect to diversify contributions of equity awards into other investment options available to Plan participants. During the second quarter, the Company established a grantor trust commonly known as a “rabbi trust” and set aside certain assets related to the Plan to satisfy the future obligations to participants in the Plan. These assets are subject to the Company’s general creditors. The assets held in the trust include unvested restricted stock awards (RSAs), vested company stock awards, and company-owned life insurance (“COLI”) on certain employees. Unvested RSAs and common stock held by the trust are reflected in the Condensed Consolidated Balance Sheet within “Treasury stock, at cost, and company stock held for deferred compensation, at par” at the par value of the common stock or unvested RSAs. These accounts are not adjusted for subsequent changes in the fair value of the common stock. COLI held by the trust is accounted for at fair value and is reflected in the Condensed Consolidated Balance Sheet within “Prepaid expenses and other,” and subsequent increases or in the fair values of the assets are recorded as compensation expense or benefit, respectively, within “General and administrative expenses” in the Condensed Consolidated Statements of Operations. Deferred compensation obligations that will be settled in cash are accounted for on an accrual basis in accordance with the terms of the Plan and are reflected in the Condensed Consolidated Balance Sheet within “Other long-term liabilities.” Deferred compensation obligations that will be settled by delivery of a fixed number of shares of the Company’s common stock are reflected in the Condensed Consolidated Statements of Stockholders’ Equity within “Common stock” at the par value of the common stock or unvested RSAs. These accounts are not adjusted for subsequent changes in the fair value of the common stock. 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 accounts receivable and payable, accrued expenses, revolving loans under our credit facility and borrowings under our capital expenditure facility approximate their fair value. Our revolving loans and borrowings under our capital expenditure facility reset each month at market rates. Our foreign currency forward contracts are valued using quoted market prices or are determined using a yield curve model based on current market rates. As a result, we classify these investments as Level 2 in the fair value hierarchy. The cash surrender value of COLI held to satisfy the future deferred compensation obligations is valued based upon the market values of underlying securities, and therefore we classify these assets as Level 2 in the fair value hierarchy. We did not hold any Level 3 assets or liabilities as of June 30, 2019 or December 31, 2018 . Recently Adopted Accounting Standards On January 1, 2019, the Company adopted a new accounting standard, as amended, that requires the Company to record assets and liabilities on the balance sheet for lease-related rights and obligations and disclose key information about its leasing arrangements. The Company elected the modified retrospective approach upon adoption and elected the package of practical expedients available under the new standard. This new standard establishes a right-of-use (“ROU”) model that requires the Company to recognize ROU assets and lease liabilities on the balance sheet for all leases with a term longer than 12 months at commencement of the lease. Leases are classified as financing or operating, with classification affecting the pattern of expense recognition in the Statement of Operations. Refer to Note 6 “Leases” for further information. Recent Accounting Pronouncements In June 2016, the FASB issued a new accounting pronouncement regarding credit losses for financial instruments. The new standard requires entities to measure expected credit losses for certain financial assets held at the reporting date using a current expected credit loss model, which is based on historical experience, adjusted for current conditions and reasonable and supportable forecasts. The Company is required to adopt the new standard on January 1, 2020. 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.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2019
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 adjust inventory to its net realizable value by recording provisions for excess, slow moving and obsolete inventory. 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 consisted of the following: June 30, December 31, Raw materials $ 31,773 $ 26,544 Work-in-process 8,757 7,157 Finished goods 19,107 16,904 Supplies 343 469 $ 59,980 $ 51,074

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
PURCHASED INTANGIBLE ASSETS	PURCHASED INTANGIBLE ASSETS Our purchased intangible assets consisted of the following as of June 30, 2019 : Gross Accumulated Amortization Net Core technology $ 18,803 $ (11,428 ) $ 7,375 Customer relationships 36,725 (36,725 ) — Trademarks / Trade names 2,017 (2,017 ) — Total intangible assets $ 57,545 $ (50,170 ) $ 7,375 Our purchased intangible assets consisted of the following as of December 31, 2018 : Gross Accumulated Amortization Net Core technology $ 18,916 $ (10,866 ) $ 8,050 Customer relationships 37,122 (36,583 ) 539 Trademarks / Trade names 2,031 (2,031 ) — Total intangible assets $ 58,069 $ (49,480 ) $ 8,589 The change in the gross value of our purchased intangible assets from December 31, 2018 to June 30, 2019 was due to foreign currency translation and an adjustment due to the 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	6 Months Ended
	Jun. 30, 2019
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. Contract liabilities were as follows: June 30, 2019 December 31, 2018 NobelClad 1,714 922 DynaEnergetics 362 218 Total $ 2,076 $ 1,140 We expect to recognize the revenue associated with contract liabilities over a time period no longer than one year. Of the $1,140 recorded as contract liabilities at December 31, 2018 , $560 was recorded to net sales during the six months ended June 30, 2019 .

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
LEASES	LEASES The Company leases real properties for use in manufacturing and as administrative and sales offices, and leases automobiles and office equipment. Until the end of 2018, leases of property, plant and equipment were classified as operating leases. Payments made under operating leases were charged to the Condensed Consolidated Statement of Operations on a straight-line basis. Upon adoption of the new lease standard, the Company recognized ROU assets and lease liabilities in relation to leases which had previously been classified as operating leases. The Company determines if a contract contains a lease arrangement at the inception of the contract. For leases in which the Company is the lessee, leases are classified as either finance or operating. ROU assets are initially measured at the present value of lease payments over the lease term plus initial direct costs, if any, with the classification affecting the pattern of expense recognition. If a lease does not provide a discount rate and the rate cannot be readily determined, an incremental borrowing rate is used to determine the future lease payments. Lease and non-lease components within the Company’s lease agreements are accounted for together. The Company has no material leases in which the Company is the lessor. The significant majority of the Company’s leasing arrangements are classified as operating leases. As of June 30, 2019 , the total ROU asset and lease liability for operating leases were $10,436 and $11,522 , respectively. The ROU asset was included in “Other assets” while $2,016 of the lease liability was reported in “Other current liabilities” and $9,506 was reported in “Other long-term liabilities” on the Company’s Condensed Consolidated Balance Sheet. The Company’s financing leases were not material as of June 30, 2019. Cash paid for operating lease liabilities are recorded as cash flows from operating activities in the Company’s Condensed Consolidated Statements of Cash Flows. For the three and six months ended June 30, 2019 , operating lease costs were $751 and $1,436 which were included in the Company’s Condensed Consolidated Statements of Income. Short term and variable lease costs were not material for the three and six months ended June 30, 2019 . Certain of the Company’s leases contain renewal options and options to extend the leases for up to five years, and a majority of these options are reflected in the calculation of the ROU asset and lease liability due to the likelihood of renewal. The following table summarizes the weighted average lease terms and discount rates for operating lease liabilities: June 30, 2019 Weighted average remaining lease term (in years) 9.06 Weighted average discount rate 5.2 % The following table represents maturities of operating lease liabilities as of June 30, 2019 : Due within 1 year $ 2,476 Due after 1 year through 2 years 1,826 Due after 2 years through 3 years 1,388 Due after 3 years through 4 years 1,293 Due after 4 years through 5 years 1,159 Due after 5 years 6,526 Total future minimum lease payments 14,668 Less imputed interest (3,146 ) Total $ 11,522

DEBT

DEBT	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
DEBT	DEBT Outstanding borrowings consisted of the following: June 30, December 31, Syndicated credit agreement: U.S. Dollar revolving loan $ 13,129 $ 17,128 Capital expenditure facility 23,438 25,000 Outstanding borrowings 36,567 42,128 Less: debt issuance costs (698 ) (773 ) Total debt 35,869 41,355 Less: current portion of long-term debt (3,125 ) (3,125 ) Long-term debt $ 32,744 $ 38,230 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 was used to assist in financing our DynaEnergetics manufacturing expansion project in Blum, Texas. At the end of year one, the Capex Facility converted to a term loan which is 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 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 rate 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 revolver loan borrowings and repayments have been in the form of one-month or two-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 June 30, 2019 , 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 €1,478 is available as of June 30, 2019 after considering outstanding letters of credit. Included in lines of credit are deferred debt issuance costs of $698 and $773 as of June 30, 2019 and December 31, 2018 , respectively. Deferred debt issuance costs are being amortized over the remaining term of the credit facility which expires on March 8, 2023.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2019
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% ), permanent differences between book and taxable income, and changes to valuation allowances on our deferred tax assets. We assess the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use existing deferred tax assets. Additionally, a three-year cumulative loss at a Consolidated Financial Statement level may be viewed as negative evidence impacting a jurisdiction that by itself is not in a three-year cumulative loss position. At March 31, 2019, the Company was no longer in a three-year cumulative loss position in the U.S. and we believe sufficient future taxable income will be generated to use existing deferred tax assets in that jurisdiction. Accordingly, during the three months ended March 31, 2019, we released valuation allowances of $368 in that jurisdiction and certain states. The Company will continue to monitor the realizability of deferred tax assets and the need for valuation allowances and will record adjustments in the periods in which facts support such adjustments. The Tax Cuts and Jobs Act (“TCJA”) provides that foreign earnings generally can be repatriated to the U.S. without federal tax consequence. We have reassessed the assertion that cumulative earnings by our foreign subsidiaries are indefinitely reinvested. We continue to permanently reinvest the earnings of our international subsidiaries and therefore we do not provide for U.S. income taxes or withholding taxes that could result from the distribution of those earnings to the U.S. parent. If any such earnings were ultimately distributed to the U.S. in the form of dividends or otherwise, or if the shares of our international subsidiaries were sold or transferred, we could be subject to additional U.S. federal and state income taxes. Due to the multiple avenues in which earnings can be repatriated, and because a large portion of these earnings are not liquid, it is not practical to estimate the amount of additional taxes that might be payable on these amounts of undistributed foreign income.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS Our business is organized into two segments: DynaEnergetics and NobelClad. DynaEnergetics designs, manufactures and distributes products utilized by the global oil and gas industry principally for the perforation of oil and gas wells. 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. 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 as follows: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Net sales DynaEnergetics $ 88,628 $ 58,899 $ 168,464 $ 108,020 NobelClad 22,326 22,016 42,625 40,208 Net sales $ 110,954 $ 80,915 $ 211,089 $ 148,228 Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Operating income DynaEnergetics $ 26,813 $ 12,228 $ 49,923 $ 20,948 NobelClad 1,923 1,703 $ 3,753 $ 1,691 Segment operating income 28,736 13,931 53,676 22,639 Unallocated corporate expenses (2,588 ) (2,618 ) (5,905 ) (5,306 ) Stock-based compensation (1,495 ) (1,084 ) (2,666 ) (1,792 ) Other income (expense), net 343 (327 ) 322 (704 ) Interest expense, net (409 ) (136 ) (782 ) (601 ) Income before income taxes $ 24,587 $ 9,766 $ 44,645 $ 14,236 Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Depreciation and amortization DynaEnergetics $ 1,719 $ 1,575 $ 3,118 $ 3,134 NobelClad 835 817 1,632 1,633 Segment depreciation and amortization $ 2,554 $ 2,392 $ 4,750 $ 4,767 The disaggregation of revenue earned from contracts with customers based on the geographic location of the customer is as follows. DynaEnergetics Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 United States $ 75,323 $ 44,164 143,281 80,294 Canada 2,919 8,556 6,376 14,341 United Arab Emirates 1,594 365 4,098 888 France 1 21 41 73 Ukraine 1,678 1,109 3,410 1,513 Germany 25 53 80 81 Russia 570 1,144 1,055 2,426 India 47 195 77 829 Egypt 872 534 1,734 1,076 Indonesia 941 164 1,180 184 Iraq 690 245 886 319 China — — 29 56 Italy — 21 18 31 Hong Kong 61 302 61 302 Rest of the world 3,907 2,026 6,138 5,607 Total DynaEnergetics $ 88,628 $ 58,899 $ 168,464 $ 108,020 NobelClad Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 United States $ 12,304 $ 6,775 21,947 12,481 Canada 1,335 1,631 3,359 3,424 United Arab Emirates 289 259 1,273 390 France 896 1,744 1,653 2,695 South Korea 413 828 881 1,831 Germany 828 640 1,831 2,253 India 155 33 279 803 Spain 285 464 346 632 Italy 142 872 664 1,077 Australia 397 — 845 — China — 4,386 — 7,844 Netherlands 378 821 1,012 1,312 Norway 1,538 44 2,160 287 Sweden 836 440 1,137 578 South Africa 273 30 1,006 193 Rest of the world 2,257 3,049 4,232 4,408 Total NobelClad $ 22,326 $ 22,016 $ 42,625 $ 40,208 During the three months ended June 30, 2019 and 2018 , one customer in our DynaEnergetics segment accounted for greater than 10% of consolidated net sales. During the six months ended June 30, 2019 , one customer in DynaEnergetics was responsible for more than 10% of consolidated net sales. During the six months ended June 30, 2018 , no customer was responsible for more than 10% of consolidated net sales.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2019
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 is 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 June 30, 2019 and 2018 , the notional amounts of the forward currency contracts the Company held were $5,819 and $10,824 , respectively. At June 30, 2019 and 2018 , the fair values of outstanding foreign currency forward contracts were $0 . The following table presents the location and amount of net gains (losses) from hedging activities: Three months ended June 30, Six months ended June 30, Derivative Statements of Operations Location 2019 2018 2019 2018 Foreign currency contracts Other income (expense), net $ (53 ) $ (509 ) $ 69 $ (301 )

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
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 did not 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. 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 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. On March 27, 2018, we received notice from U.S. Customs Headquarters that it intended to move forward with its pursuit of penalties. The Company engaged in discussions with U.S. Customs Headquarters regarding the scope of penalties asserted and the arguments set forth in the Company’s petition for relief and mitigation of penalties. Based on these discussions and the Company’s assessment of the probable ultimate penalty rate, the Company accrued $3,103 in the first quarter of 2018. On October 11, 2018, we received a decision from U.S. Customs Headquarters in which a mitigated amount of $8,000 in penalties was asserted. In its financial statements for the quarter ended September 30, 2018, the Company accrued an additional $4,897 of penalties. On December 7, 2018, we submitted a supplemental petition requesting a waiver of the penalty under the Small Business Regulatory Enforcement Act in lieu of tendering the penalty amount. On April 12, 2019, we received notice that our waiver request was denied and tendered the $8,000 during the second quarter of 2019.

RESTRUCTURING

RESTRUCTURING	6 Months Ended
	Jun. 30, 2019
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 . During the third quarter of 2018, final approval of the proposed measures was granted by the local workers council, in accordance with applicable French law. NobelClad completed the closure of the Rivesaltes production facility in the fourth quarter of 2018 but is maintaining its sales and administrative office in France. During the second quarter of 2019, NobelClad sold its production facility and related assets and recognized a gain of $519 . NobelClad also recorded an additional accrual of $712 for known and probable severance liabilities related to employees terminated as part of closing the manufacturing operations in France. The additional severance accrual was recorded based, in part, on a successful appeal of the severance benefits by some terminated employees during the second quarter of 2019. Total restructuring and impairment charges incurred for these programs are as follows and are reported in the “Restructuring expenses, net” line item in our Condensed Consolidated Statements of Operations: Three months ended June 30, 2019 Severance Gain on asset disposal Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 712 $ (519 ) $ 4 $ 82 $ 45 $ 324 Six months ended June 30, 2019 Severance Gain on asset disposal Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 712 $ (636 ) $ 43 $ 227 $ 56 $ 402 Three months ended June 30, 2018 Severance Other Exit Costs Total NobelClad $ 182 $ 35 $ 217 Six months ended June 30, 2018 Severance Other Exit Costs Total NobelClad $ 235 $ 126 $ 361 During the six months ended June 30, 2019 , the changes to the restructuring liability associated with these programs is summarized below: December 31, 2018 Net expense (1) Payments and Other Adjustments June 30, 2019 Severance $ 1,105 $ 712 $ (677 ) $ 1,140 Contract termination costs — 43 (43 ) — Equipment moving costs 8 227 (234 ) 1 Other exit costs 42 56 (96 ) 2 Total $ 1,155 $ 1,038 $ (1,050 ) $ 1,143 (1) Excluding gain on asset disposal

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2019
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.
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 to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods. The Company’s revenues are primarily derived from consideration paid by customers for tangible goods. The Company analyzes its different goods by segment to determine the appropriate basis for revenue recognition. 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. Our rights to payments for goods transferred to customers arise when control is transferred at a point in 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 when we require customers to make advance payments prior to the shipment of their orders, we record a contract liability. We have determined that our contract liabilities do not include a significant financing component given the short duration between order initiation and order fulfillment within each of our segments. Please refer to Note 5 “Contract Liabilities” for further information on contract liabilities and Note 9 “Business Segments” for disaggregated revenue disclosures.
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 is 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 that it 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 to be realized upon ultimate resolution. We recognize interest and penalties related to uncertain tax positions in operating expense.
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 receive non-forfeitable rights to dividends similar to common stock. Basic EPS is then calculated by dividing net income available to common stockholders of the Company by the weighted‑average number of shares of common stock 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 shares of common stock.
Deferred compensation	Deferred compensation The Company maintains a Non-Qualified Deferred Compensation Plan (the “Plan”) as part of its overall compensation package for certain employees. Participants are eligible to defer a portion of their annual salary, their annual incentive bonus, and their equity awards through the Plan on a tax-deferred basis. Deferrals into the Plan are not matched or subsidized by the Company, nor are they eligible for above-market or preferential earnings. The Plan provides for deferred compensation obligations to be settled either by delivery of a fixed number of shares of DMC’s common stock or in cash, in accordance with participant contributions and elections. For deferred equity awards, subsequent to equity award vesting and after a period prescribed by the Plan, participants can elect to diversify contributions of equity awards into other investment options available to Plan participants. During the second quarter, the Company established a grantor trust commonly known as a “rabbi trust” and set aside certain assets related to the Plan to satisfy the future obligations to participants in the Plan. These assets are subject to the Company’s general creditors. The assets held in the trust include unvested restricted stock awards (RSAs), vested company stock awards, and company-owned life insurance (“COLI”) on certain employees. Unvested RSAs and common stock held by the trust are reflected in the Condensed Consolidated Balance Sheet within “Treasury stock, at cost, and company stock held for deferred compensation, at par” at the par value of the common stock or unvested RSAs. These accounts are not adjusted for subsequent changes in the fair value of the common stock. COLI held by the trust is accounted for at fair value and is reflected in the Condensed Consolidated Balance Sheet within “Prepaid expenses and other,” and subsequent increases or in the fair values of the assets are recorded as compensation expense or benefit, respectively, within “General and administrative expenses” in the Condensed Consolidated Statements of Operations. Deferred compensation obligations that will be settled in cash are accounted for on an accrual basis in accordance with the terms of the Plan and are reflected in the Condensed Consolidated Balance Sheet within “Other long-term liabilities.” Deferred compensation obligations that will be settled by delivery of a fixed number of shares of the Company’s common stock are reflected in the Condensed Consolidated Statements of Stockholders’ Equity within “Common stock” at the par value of the common stock or unvested RSAs. These accounts are not adjusted for subsequent changes in the fair value of the common stock.
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 accounts receivable and payable, accrued expenses, revolving loans under our credit facility and borrowings under our capital expenditure facility approximate their fair value. Our revolving loans and borrowings under our capital expenditure facility reset each month at market rates. Our foreign currency forward contracts are valued using quoted market prices or are determined using a yield curve model based on current market rates. As a result, we classify these investments as Level 2 in the fair value hierarchy.
Recently Adopted Accounting Standards and Recent Accounting Pronouncements	Recently Adopted Accounting Standards On January 1, 2019, the Company adopted a new accounting standard, as amended, that requires the Company to record assets and liabilities on the balance sheet for lease-related rights and obligations and disclose key information about its leasing arrangements. The Company elected the modified retrospective approach upon adoption and elected the package of practical expedients available under the new standard. This new standard establishes a right-of-use (“ROU”) model that requires the Company to recognize ROU assets and lease liabilities on the balance sheet for all leases with a term longer than 12 months at commencement of the lease. Leases are classified as financing or operating, with classification affecting the pattern of expense recognition in the Statement of Operations. Refer to Note 6 “Leases” for further information. Recent Accounting Pronouncements In June 2016, the FASB issued a new accounting pronouncement regarding credit losses for financial instruments. The new standard requires entities to measure expected credit losses for certain financial assets held at the reporting date using a current expected credit loss model, which is based on historical experience, adjusted for current conditions and reasonable and supportable forecasts. The Company is required to adopt the new standard on January 1, 2020. 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.
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 adjust inventory to its net realizable value by recording provisions for excess, slow moving and obsolete inventory. 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 POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Schedule of computation and reconciliation of earnings per common share	For the periods presented, diluted EPS using the treasury stock method was less dilutive than the two-class method; as such, only the two-class method has been included below. Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Net income as reported $ 17,244 $ 6,372 32,414 10,292 Less: Distributed net income available to participating securities (2 ) (7 ) (5 ) (14 ) Less: Undistributed net income available to participating securities (136 ) (141 ) (256 ) (225 ) Numerator for basic net income per share: 17,106 6,224 32,153 10,053 Add: Undistributed net income allocated to participating securities 136 141 256 225 Less: Undistributed net income reallocated to participating securities (134 ) (141 ) (252 ) (225 ) Numerator for diluted net income per share: 17,108 6,224 32,157 10,053 Denominator: Weighted average shares outstanding for basic net income per share 14,647,019 14,534,016 14,624,718 14,491,569 Effect of dilutive securities 252,968 — 225,098 — Weighted average shares outstanding for diluted net income per share 14,899,987 14,534,016 14,849,816 14,491,569 Net income per share: Basic $ 1.17 $ 0.43 $ 2.20 $ 0.69 Diluted $ 1.15 $ 0.43 $ 2.17 $ 0.69

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Schedule of components of inventory	Inventories consisted of the following: June 30, December 31, Raw materials $ 31,773 $ 26,544 Work-in-process 8,757 7,157 Finished goods 19,107 16,904 Supplies 343 469 $ 59,980 $ 51,074

PURCHASED INTANGIBLE ASSETS (Ta

PURCHASED INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of details of purchased intangible assets, other than goodwill	Our purchased intangible assets consisted of the following as of June 30, 2019 : Gross Accumulated Amortization Net Core technology $ 18,803 $ (11,428 ) $ 7,375 Customer relationships 36,725 (36,725 ) — Trademarks / Trade names 2,017 (2,017 ) — Total intangible assets $ 57,545 $ (50,170 ) $ 7,375 Our purchased intangible assets consisted of the following as of December 31, 2018 : Gross Accumulated Amortization Net Core technology $ 18,916 $ (10,866 ) $ 8,050 Customer relationships 37,122 (36,583 ) 539 Trademarks / Trade names 2,031 (2,031 ) — Total intangible assets $ 58,069 $ (49,480 ) $ 8,589

CONTRACT LIABILITIES (Tables)

CONTRACT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities	Contract liabilities were as follows: June 30, 2019 December 31, 2018 NobelClad 1,714 922 DynaEnergetics 362 218 Total $ 2,076 $ 1,140

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lessee, Operating Lease, Supplemental Disclosures	The following table summarizes the weighted average lease terms and discount rates for operating lease liabilities: June 30, 2019 Weighted average remaining lease term (in years) 9.06 Weighted average discount rate 5.2 %
Lessee, Operating Lease, Liability, Maturity	The following table represents maturities of operating lease liabilities as of June 30, 2019 : Due within 1 year $ 2,476 Due after 1 year through 2 years 1,826 Due after 2 years through 3 years 1,388 Due after 3 years through 4 years 1,293 Due after 4 years through 5 years 1,159 Due after 5 years 6,526 Total future minimum lease payments 14,668 Less imputed interest (3,146 ) Total $ 11,522

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of lines of credit	Outstanding borrowings consisted of the following: June 30, December 31, Syndicated credit agreement: U.S. Dollar revolving loan $ 13,129 $ 17,128 Capital expenditure facility 23,438 25,000 Outstanding borrowings 36,567 42,128 Less: debt issuance costs (698 ) (773 ) Total debt 35,869 41,355 Less: current portion of long-term debt (3,125 ) (3,125 ) Long-term debt $ 32,744 $ 38,230

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Information	Segment information is as follows: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Net sales DynaEnergetics $ 88,628 $ 58,899 $ 168,464 $ 108,020 NobelClad 22,326 22,016 42,625 40,208 Net sales $ 110,954 $ 80,915 $ 211,089 $ 148,228 Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Operating income DynaEnergetics $ 26,813 $ 12,228 $ 49,923 $ 20,948 NobelClad 1,923 1,703 $ 3,753 $ 1,691 Segment operating income 28,736 13,931 53,676 22,639 Unallocated corporate expenses (2,588 ) (2,618 ) (5,905 ) (5,306 ) Stock-based compensation (1,495 ) (1,084 ) (2,666 ) (1,792 ) Other income (expense), net 343 (327 ) 322 (704 ) Interest expense, net (409 ) (136 ) (782 ) (601 ) Income before income taxes $ 24,587 $ 9,766 $ 44,645 $ 14,236 Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Depreciation and amortization DynaEnergetics $ 1,719 $ 1,575 $ 3,118 $ 3,134 NobelClad 835 817 1,632 1,633 Segment depreciation and amortization $ 2,554 $ 2,392 $ 4,750 $ 4,767
Disaggregation of Revenue	The disaggregation of revenue earned from contracts with customers based on the geographic location of the customer is as follows. DynaEnergetics Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 United States $ 75,323 $ 44,164 143,281 80,294 Canada 2,919 8,556 6,376 14,341 United Arab Emirates 1,594 365 4,098 888 France 1 21 41 73 Ukraine 1,678 1,109 3,410 1,513 Germany 25 53 80 81 Russia 570 1,144 1,055 2,426 India 47 195 77 829 Egypt 872 534 1,734 1,076 Indonesia 941 164 1,180 184 Iraq 690 245 886 319 China — — 29 56 Italy — 21 18 31 Hong Kong 61 302 61 302 Rest of the world 3,907 2,026 6,138 5,607 Total DynaEnergetics $ 88,628 $ 58,899 $ 168,464 $ 108,020 NobelClad Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 United States $ 12,304 $ 6,775 21,947 12,481 Canada 1,335 1,631 3,359 3,424 United Arab Emirates 289 259 1,273 390 France 896 1,744 1,653 2,695 South Korea 413 828 881 1,831 Germany 828 640 1,831 2,253 India 155 33 279 803 Spain 285 464 346 632 Italy 142 872 664 1,077 Australia 397 — 845 — China — 4,386 — 7,844 Netherlands 378 821 1,012 1,312 Norway 1,538 44 2,160 287 Sweden 836 440 1,137 578 South Africa 273 30 1,006 193 Rest of the world 2,257 3,049 4,232 4,408 Total NobelClad $ 22,326 $ 22,016 $ 42,625 $ 40,208

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
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 (losses) from hedging activities: Three months ended June 30, Six months ended June 30, Derivative Statements of Operations Location 2019 2018 2019 2018 Foreign currency contracts Other income (expense), net $ (53 ) $ (509 ) $ 69 $ (301 )

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	6 Months Ended
	Jun. 30, 2019
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, net” line item in our Condensed Consolidated Statements of Operations: Three months ended June 30, 2019 Severance Gain on asset disposal Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 712 $ (519 ) $ 4 $ 82 $ 45 $ 324 Six months ended June 30, 2019 Severance Gain on asset disposal Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 712 $ (636 ) $ 43 $ 227 $ 56 $ 402 Three months ended June 30, 2018 Severance Other Exit Costs Total NobelClad $ 182 $ 35 $ 217 Six months ended June 30, 2018 Severance Other Exit Costs Total NobelClad $ 235 $ 126 $ 361
Changes to the restructuring liability	During the six months ended June 30, 2019 , the changes to the restructuring liability associated with these programs is summarized below: December 31, 2018 Net expense (1) Payments and Other Adjustments June 30, 2019 Severance $ 1,105 $ 712 $ (677 ) $ 1,140 Contract termination costs — 43 (43 ) — Equipment moving costs 8 227 (234 ) 1 Other exit costs 42 56 (96 ) 2 Total $ 1,155 $ 1,038 $ (1,050 ) $ 1,143 (1) Excluding gain on asset disposal

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accounting Policies [Abstract]
Bad debt expense	$ 114	$ 53	$ 174	$ 102

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator:
Net income (loss) as reported	$ 17,244	$ 6,372	$ 32,414	$ 10,292
Less: Distributed net income available to participating securities	(2)	(7)	(5)	(14)
Less: Undistributed net income available to participating securities	(136)	(141)	(256)	(225)
Numerator for basic net income per share	17,106	6,224	32,153	10,053
Add: Undistributed net income allocated to participating securities	136	141	256	225
Less: Undistributed net income reallocated to participating securities	(134)	(141)	(252)	(225)
Numerator for diluted net income per share	$ 17,108	$ 6,224	$ 32,157	$ 10,053
Denominator:
Weighted average shares outstanding for basic net income per share (in shares)	14,647,019	14,534,016	14,624,718	14,491,569
Effect of dilutive securities (in shares)	252,968	0	225,098	0
Weighted average shares outstanding for diluted net income per share (in shares)	14,899,987	14,534,016	14,849,816	14,491,569
Net income (loss) allocated to common stock for EPS calculation:
Basic (in dollars per share)	$ 1.17	$ 0.43	$ 2.20	$ 0.69
Diluted (in dollars per share)	$ 1.15	$ 0.43	$ 2.17	$ 0.69

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventories
Raw materials	$ 31,773	$ 26,544
Work-in-process	8,757	7,157
Finished goods	19,107	16,904
Supplies	343	469
Total inventory	$ 59,980	$ 51,074

PURCHASED INTANGIBLE ASSETS (De

PURCHASED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Purchased intangible assets
Gross	$ 57,545	$ 58,069
Accumulated Amortization	(50,170)	(49,480)
Net	7,375	8,589
Core technology
Purchased intangible assets
Gross	18,803	18,916
Accumulated Amortization	(11,428)	(10,866)
Net	7,375	8,050
Customer relationships
Purchased intangible assets
Gross	36,725	37,122
Accumulated Amortization	(36,725)	(36,583)
Net	0	539
Trademarks / Trade names
Purchased intangible assets
Gross	2,017	2,031
Accumulated Amortization	(2,017)	(2,031)
Net	$ 0	$ 0

CONTRACT LIABILITIES (Details)

CONTRACT LIABILITIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	$ 2,076	$ 1,140
Contract liability recorded as net sales	560
NobelClad
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	1,714	922
DynaEnergetics
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	$ 362	$ 218

LEASES - Additional Information

LEASES - Additional Information (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Leases [Abstract]
Right-of-Use asset	$ 10,436	$ 10,436
Operating lease liability	11,522	11,522
Operating lease, liability, current	2,016	2,016
Operating lease, liability, noncurrent	9,506	9,506
Operating lease cost	$ 751	$ 1,436
Weighted average remaining lease term (in years)	9 years 23 days	9 years 23 days
Weighted average discount rate (as a percent)	5.20%	5.20%

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Leases (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Due within 1 year	$ 2,476
Due after 1 year through 2 years	1,826
Due after 2 years through 3 years	1,388
Due after 3 years through 4 years	1,293
Due after 4 years through 5 years	1,159
Due after 5 years	6,526
Total future minimum lease payments	14,668
Less imputed interest	(3,146)
Total	$ 11,522

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Lines of credit
Outstanding borrowings	$ 36,567	$ 42,128
Less: debt issuance costs	(698)	(773)
Total debt	35,869	41,355
Less: current portion of long-term debt	(3,125)	(3,125)
Long-term debt	32,744	38,230
Capital expenditure facility
Lines of credit
Outstanding borrowings	23,438	25,000
Credit Facility | U.S. Dollar revolving loan
Lines of credit
Outstanding borrowings	$ 13,129	$ 17,128

DEBT - Narrative (Details)

DEBT - Narrative (Details)	Mar. 08, 2018USD ($)bank	Jun. 30, 2019USD ($)	Jun. 30, 2019EUR (€)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Amortization of principal, percent	12.50%
Credit agreement, number of banks | bank	3
Debt issuance costs		$ 698,000		$ 773,000
Credit Facility
Debt Instrument [Line Items]
Credit facility, term	5 years
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
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 facility
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 | €			€ 1,478,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2019	Jun. 30, 2019
Operating Loss Carryforwards [Line Items]
Valuation allowance released	$ 368
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		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)
Segment information
Number of segments | segment			2
Net sales	$ 110,954	$ 80,915	$ 211,089	$ 148,228
Segment operating income	24,653	10,229	45,105	15,541
Other income (expense), net	343	(327)	322	(704)
Interest expense, net	(409)	(136)	(782)	(601)
Income before income taxes	24,587	9,766	44,645	14,236
Operating Segments
Segment information
Segment operating income	28,736	13,931	53,676	22,639
Segment depreciation and amortization	2,554	2,392	4,750	4,767
Segment Reconciling Items
Segment information
Unallocated corporate expenses	(2,588)	(2,618)	(5,905)	(5,306)
Stock-based compensation	(1,495)	(1,084)	(2,666)	(1,792)
Other income (expense), net	343	(327)	322	(704)
Interest expense, net	(409)	(136)	(782)	(601)
DynaEnergetics
Segment information
Net sales	88,628	58,899	168,464	108,020
DynaEnergetics | Operating Segments
Segment information
Segment operating income	26,813	12,228	49,923	20,948
Segment depreciation and amortization	1,719	1,575	3,118	3,134
NobelClad
Segment information
Net sales	22,326	22,016	42,625	40,208
NobelClad | Operating Segments
Segment information
Segment operating income	1,923	1,703	3,753	1,691
Segment depreciation and amortization	$ 835	$ 817	$ 1,632	$ 1,633

BUSINESS SEGMENTS - Disaggregat

BUSINESS SEGMENTS - Disaggregation of Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 110,954	$ 80,915	$ 211,089	$ 148,228
DynaEnergetics
Disaggregation of Revenue [Line Items]
Net sales	88,628	58,899	168,464	108,020
DynaEnergetics | United States
Disaggregation of Revenue [Line Items]
Net sales	75,323	44,164	143,281	80,294
DynaEnergetics | Canada
Disaggregation of Revenue [Line Items]
Net sales	2,919	8,556	6,376	14,341
DynaEnergetics | United Arab Emirates
Disaggregation of Revenue [Line Items]
Net sales	1,594	365	4,098	888
DynaEnergetics | France
Disaggregation of Revenue [Line Items]
Net sales	1	21	41	73
DynaEnergetics | Ukraine
Disaggregation of Revenue [Line Items]
Net sales	1,678	1,109	3,410	1,513
DynaEnergetics | Germany
Disaggregation of Revenue [Line Items]
Net sales	25	53	80	81
DynaEnergetics | Russia
Disaggregation of Revenue [Line Items]
Net sales	570	1,144	1,055	2,426
DynaEnergetics | India
Disaggregation of Revenue [Line Items]
Net sales	47	195	77	829
DynaEnergetics | Egypt
Disaggregation of Revenue [Line Items]
Net sales	872	534	1,734	1,076
DynaEnergetics | Indonesia
Disaggregation of Revenue [Line Items]
Net sales	941	164	1,180	184
DynaEnergetics | Iraq
Disaggregation of Revenue [Line Items]
Net sales	690	245	886	319
DynaEnergetics | China
Disaggregation of Revenue [Line Items]
Net sales	0	0	29	56
DynaEnergetics | Italy
Disaggregation of Revenue [Line Items]
Net sales	0	21	18	31
DynaEnergetics | Hong Kong
Disaggregation of Revenue [Line Items]
Net sales	61	302	61	302
DynaEnergetics | Rest of the world
Disaggregation of Revenue [Line Items]
Net sales	3,907	2,026	6,138	5,607
NobelClad
Disaggregation of Revenue [Line Items]
Net sales	22,326	22,016	42,625	40,208
NobelClad | United States
Disaggregation of Revenue [Line Items]
Net sales	12,304	6,775	21,947	12,481
NobelClad | Canada
Disaggregation of Revenue [Line Items]
Net sales	1,335	1,631	3,359	3,424
NobelClad | United Arab Emirates
Disaggregation of Revenue [Line Items]
Net sales	289	259	1,273	390
NobelClad | France
Disaggregation of Revenue [Line Items]
Net sales	896	1,744	1,653	2,695
NobelClad | Germany
Disaggregation of Revenue [Line Items]
Net sales	828	640	1,831	2,253
NobelClad | South Korea
Disaggregation of Revenue [Line Items]
Net sales	413	828	881	1,831
NobelClad | India
Disaggregation of Revenue [Line Items]
Net sales	155	33	279	803
NobelClad | Spain
Disaggregation of Revenue [Line Items]
Net sales	285	464	346	632
NobelClad | Australia
Disaggregation of Revenue [Line Items]
Net sales	397	0	845	0
NobelClad | China
Disaggregation of Revenue [Line Items]
Net sales	0	4,386	0	7,844
NobelClad | Italy
Disaggregation of Revenue [Line Items]
Net sales	142	872	664	1,077
NobelClad | Sweden
Disaggregation of Revenue [Line Items]
Net sales	836	440	1,137	578
NobelClad | Netherlands
Disaggregation of Revenue [Line Items]
Net sales	378	821	1,012	1,312
NobelClad | Norway
Disaggregation of Revenue [Line Items]
Net sales	1,538	44	2,160	287
NobelClad | South Africa
Disaggregation of Revenue [Line Items]
Net sales	273	30	1,006	193
NobelClad | Rest of the world
Disaggregation of Revenue [Line Items]
Net sales	$ 2,257	$ 3,049	$ 4,232	$ 4,408

DERIVATIVE INSTRUMENTS - Narra

DERIVATIVE INSTRUMENTS - Narrative (Details) - Foreign Exchange Forward - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Notional amounts	$ 5,819	$ 10,824
Fair value of outstanding foreign currency forward	$ 0	$ 0

DERIVATIVE INSTRUMENTS - Gain_

DERIVATIVE INSTRUMENTS - Gain/(Loss) Recognized in Income on Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Foreign currency contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency contracts	$ (53)	$ (509)	$ 69	$ (301)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - US Customs Notice of Action - Unfavorable Regulatory Action - USD ($) $ in Thousands	Oct. 11, 2018	Mar. 06, 2017	Feb. 16, 2017	Aug. 31, 2015	Sep. 30, 2018	Mar. 31, 2018	Dec. 27, 2016	Jul. 31, 2015
Loss Contingencies [Line Items]
Requested payment of AD/CVD cash deposits			$ 14,783				$ 3,049
AD/CVD cash deposits to be remitted or bond posted			$ 3,049
Amount tendered into a suspense account		$ 3,049
Loss contingency reserve						$ 3,103
Loss contingency, amount mitigated	$ 8,000
Addition to reserve					$ 4,897
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

RESTRUCTURING - Summary of Rest

RESTRUCTURING - Summary of Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	$ 324	$ 217	$ 402	$ 361
Operating Segments | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	324	217	402	361
Operating Segments | Gain on asset disposal | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	(519)		(636)
Operating Segments | Contract Termination Costs | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	4		43
Operating Segments | Equipment Moving Costs | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	82		227
Operating Segments | Other Exit Costs | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	45	35	56	126
Operating Segments | Severance | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	$ 712	$ 182	$ 712	$ 235

RESTRUCTURING - Rollforward of

RESTRUCTURING - Rollforward of Restructuring Charges (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Restructuring Reserve [Roll Forward]
December 31, 2018	$ 1,155
Net expense	1,038
Payments and Other Adjustments	(1,050)
June 30, 2019	1,143
Severance
Restructuring Reserve [Roll Forward]
December 31, 2018	1,105
Net expense	712
Payments and Other Adjustments	(677)
June 30, 2019	1,140
Contract Termination Costs
Restructuring Reserve [Roll Forward]
December 31, 2018	0
Net expense	43
Payments and Other Adjustments	(43)
June 30, 2019	0
Equipment moving costs
Restructuring Reserve [Roll Forward]
December 31, 2018	8
Net expense	227
Payments and Other Adjustments	(234)
June 30, 2019	1
Other exit costs
Restructuring Reserve [Roll Forward]
December 31, 2018	42
Net expense	56
Payments and Other Adjustments	(96)
June 30, 2019	$ 2

Uncategorized Items - boom-2019

Label	Element	Value
Accounting Standards Update 2016-16 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (65,000)
Accounting Standards Update 2016-16 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (65,000)