DMC Global (BOOM) 10-Q 25 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 23, 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	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
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		14,645,752

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 12,183	$ 13,375
Accounts receivable, net of allowance for doubtful accounts of $405 and $513, respectively	71,689	59,709
Inventories	58,923	51,074
Prepaid expenses and other	9,206	8,058
Total current assets	152,001	132,216
Property, plant and equipment	168,614	160,725
Less - accumulated depreciation	(64,944)	(65,585)
Property, plant and equipment, net	103,670	95,140
Purchased intangible assets, net	6,251	8,589
Deferred tax assets	3,431	4,001
Other assets	10,462	472
Total assets	275,815	240,418
Current liabilities:
Accounts payable	24,306	24,243
Accrued expenses	10,866	8,967
Accrued anti-dumping penalties	0	8,000
Dividend payable	1,866	295
Accrued income taxes	10,427	9,545
Accrued employee compensation and benefits	8,989	9,250
Contract liabilities	2,563	1,140
Current portion of long-term debt	3,125	3,125
Other current liabilities	1,816	0
Total current liabilities	63,958	64,565
Long-term debt	25,010	38,230
Deferred tax liabilities	1,469	379
Other long-term liabilities	18,302	2,958
Total liabilities	108,739	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; 14,645,335 and 14,905,776 shares outstanding, respectively	756	749
Additional paid-in capital	84,198	80,077
Retained earnings	126,156	89,291
Other cumulative comprehensive loss	(36,591)	(35,014)
Treasury stock, at cost, and company stock held for deferred compensation, at par; 464,329 and 82,186 shares, respectively	(7,443)	(817)
Total stockholders’ equity	167,076	134,286
Total liabilities and stockholders’ equity	$ 275,815	$ 240,418

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 405	$ 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)	14,645,335	14,905,776
Treasury stock (in shares)	464,329	82,186

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Net sales	$ 100,094	$ 87,883	$ 311,183	$ 236,111
Cost of products sold	63,870	58,155	196,481	156,855
Gross profit	36,224	29,728	114,702	79,256
Costs and expenses:
General and administrative expenses	10,128	9,630	28,756	27,550
Selling and distribution expenses	6,983	5,420	20,531	16,427
Amortization of purchased intangible assets	394	769	1,189	2,365
Restructuring expenses, net and asset impairments	5,898	192	6,300	553
Anti-dumping duty penalties	0	4,897	0	8,000
Total costs and expenses	23,403	20,908	56,776	54,895
Operating income	12,821	8,820	57,926	24,361
Other income (expense):
Other income (expense), net	170	(335)	492	(1,039)
Interest expense, net	(387)	(495)	(1,169)	(1,096)
Income before income taxes	12,604	7,990	57,249	22,226
Income tax provision	5,689	3,080	17,920	7,024
Net income	$ 6,915	$ 4,910	$ 39,329	$ 15,202
Net income per share
Basic (in dollars per share)	$ 0.47	$ 0.33	$ 2.67	$ 1.02
Diluted (in dollars per share)	$ 0.46	$ 0.33	$ 2.64	$ 1.02
Weighted-average shares outstanding:
Basic (in shares)	14,632,276	14,571,155	14,589,655	14,518,765
Diluted (in shares)	14,851,166	14,571,155	14,800,132	14,518,765
Dividends declared per common share (in dollars per share)	$ 0.125	$ 0.02	$ 0.165	$ 0.06

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 6,915	$ 4,910	$ 39,329	$ 15,202
Change in cumulative foreign currency translation adjustment	(2,696)	(236)	(1,577)	(2,987)
Total comprehensive income	$ 4,219	$ 4,674	$ 37,752	$ 12,215

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	15,202			15,202
Change in cumulative foreign currency translation adjustment	(2,987)				(2,987)
Shares issued in connection with stock compensation plans (in shares)		156,378
Shares issued in connection with stock compensation plans	232	$ 8	224
Stock-based compensation	2,574		2,574
Dividends declared	(893)			(893)
Treasury stock activity and transfers of stock to rabbi trust	(453)					$ (453)
Treasury stock activity and transfers of stock to rabbit trust (in shares)						(42,353)
Balances (in shares) at Sep. 30, 2018		14,978,179				82,136
Balances at Sep. 30, 2018	119,390	$ 749	78,944	74,318	(33,806)	$ (815)
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)
Increase (Decrease) in Stockholders' Equity
Net income	4,910			4,910
Change in cumulative foreign currency translation adjustment	(236)				(236)
Shares issued in connection with stock compensation plans (in shares)		5,000
Shares issued in connection with stock compensation plans	0
Stock-based compensation	855		855
Dividends declared	(298)			(298)
Treasury stock activity and transfers of stock to rabbi trust	(70)					$ (70)
Treasury stock activity and transfers of stock to rabbit trust (in shares)						(8,684)
Balances (in shares) at Sep. 30, 2018		14,978,179				82,136
Balances at Sep. 30, 2018	119,390	$ 749	78,944	74,318	(33,806)	$ (815)
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	39,329			39,329
Change in cumulative foreign currency translation adjustment	(1,577)				(1,577)
Shares issued in connection with stock compensation plans (in shares)		121,702				7,502
Shares issued in connection with stock compensation plans	358	$ 7	351
Stock-based compensation	3,756		3,756
Dividends declared	(2,464)			(2,464)
Treasury stock activity and transfers of stock to rabbi trust	(6,612)		14			$ (6,626)
Treasury stock activity and transfers of stock to rabbit trust (in shares)						(389,645)
Balances (in shares) at Sep. 30, 2019		15,109,664				464,329
Balances at Sep. 30, 2019	167,076	$ 756	84,198	126,156	(36,591)	$ (7,443)
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)
Increase (Decrease) in Stockholders' Equity
Net income	6,915			6,915
Change in cumulative foreign currency translation adjustment	(2,696)				(2,696)
Shares issued in connection with stock compensation plans (in shares)		1,750
Shares issued in connection with stock compensation plans	0
Stock-based compensation	1,345		1,345
Dividends declared	(1,866)			(1,866)
Treasury stock activity and transfers of stock to rabbi trust	(123)					$ (123)
Treasury stock activity and transfers of stock to rabbit trust (in shares)						(3,506)
Balances (in shares) at Sep. 30, 2019		15,109,664				464,329
Balances at Sep. 30, 2019	$ 167,076	$ 756	$ 84,198	$ 126,156	$ (36,591)	$ (7,443)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows provided by operating activities:
Net income	$ 39,329	$ 15,202
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	6,178	4,799
Amortization of purchased intangible assets	1,189	2,365
Amortization of deferred debt issuance costs	130	268
Stock-based compensation	3,908	2,662
Deferred income taxes	1,660	276
Loss on disposal of property, plant and equipment	343	30
Restructuring expenses, net and asset impairments	6,300	553
Transition tax liability	0	(679)
Change in:
Accounts receivable, net	(12,505)	(16,885)
Inventories	(8,357)	(21,618)
Prepaid expenses and other	(923)	(576)
Accounts payable	2,475	4,657
Contract liabilities	1,456	(1,559)
Accrued anti-dumping duties and penalties	(8,000)	4,391
Accrued expenses and other liabilities	1,913	12,659
Net cash provided by operating activities	35,096	6,545
Cash flows used in investing activities:
Acquisition of property, plant and equipment	(22,377)	(26,574)
Proceeds on sale of property, plant and equipment	1,258	0
Net cash used in investing activities	(21,119)	(26,574)
Cash flows provided by (used in) financing activities:
(Repayments) borrowings on bank lines of credit, net	(10,999)
(Repayments) borrowings on bank lines of credit, net		4,522
(Repayments) borrowings on capital expenditure facility	(2,344)	18,990
Payment of dividends	(896)	(891)
Payment of debt issuance costs	0	(310)
Net proceeds from issuance of common stock to employees and directors	358	232
Treasury stock purchases	(1,079)	(453)
Net cash provided by (used in) financing activities	(14,960)	22,090
Effects of exchanges rates on cash	(209)	54
Net increase (decrease) in cash and cash equivalents	(1,192)	2,115
Cash and cash equivalents, beginning of the period	13,375	8,983
Cash and cash equivalents, end of the period	12,183	$ 11,098
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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 September 30, 2019 and 2018 , we recorded $64 of bad debt expense and a $32 reversal of bad debt expense, respectively. For the nine months ended September 30, 2019 and 2018 , we recorded $238 of bad debt expense and a $28 reversal 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 basis 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 September 30, Nine months ended September 30, 2019 2018 2019 2018 Net income as reported $ 6,915 $ 4,910 39,329 15,202 Less: Distributed net income available to participating securities (14 ) (7 ) (19 ) (20 ) Less: Undistributed net income available to participating securities (39 ) (104 ) (287 ) (323 ) Numerator for basic net income per share: 6,862 4,799 39,023 14,859 Add: Undistributed net income allocated to participating securities 39 104 287 323 Less: Undistributed net income reallocated to participating securities (39 ) (104 ) (283 ) (323 ) Numerator for diluted net income per share: 6,862 4,799 39,027 14,859 Denominator: Weighted average shares outstanding for basic net income per share 14,632,276 14,571,155 14,589,655 14,518,765 Effect of dilutive securities 218,890 — 210,477 — Weighted average shares outstanding for diluted net income per share 14,851,166 14,571,155 14,800,132 14,518,765 Net income per share: Basic $ 0.47 $ 0.33 $ 2.67 $ 1.02 Diluted $ 0.46 $ 0.33 $ 2.64 $ 1.02 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 of 2019, 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 decreases 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.” These obligations are adjusted based on changes in value of the underlying investment options chosen by Plan participants. 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 September 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	9 Months Ended
	Sep. 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: September 30, December 31, Raw materials $ 29,641 $ 26,544 Work-in-process 10,836 7,157 Finished goods 18,162 16,904 Supplies 284 469 $ 58,923 $ 51,074

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
PURCHASED INTANGIBLE ASSETS	PURCHASED INTANGIBLE ASSETS Our purchased intangible assets consisted of the following as of September 30, 2019 : Gross Accumulated Amortization Net Core technology $ 17,999 $ (11,748 ) $ 6,251 Customer relationships 33,751 (33,751 ) — Trademarks / Trade names 1,930 (1,930 ) — Total intangible assets $ 53,680 $ (47,429 ) $ 6,251 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 September 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	9 Months Ended
	Sep. 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: September 30, 2019 December 31, 2018 NobelClad $ 2,052 $ 922 DynaEnergetics 511 218 Total $ 2,563 $ 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 , $799 was recorded to net sales during the nine months ended September 30, 2019 .

LEASES

LEASES	9 Months Ended
	Sep. 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 September 30, 2019 , the total ROU asset and lease liability for operating leases were $10,274 and $11,431 , respectively. The ROU asset was included in “Other assets” while $1,944 of the lease liability was reported in “Other current liabilities” and $9,487 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 September 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 nine months ended September 30, 2019 , operating lease costs were $784 and $2,220 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 nine months ended September 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: September 30, 2019 Weighted average remaining lease term (in years) 8.97 Weighted average discount rate 5.2 % The following table represents maturities of operating lease liabilities as of September 30, 2019 : Due within 1 year $ 2,449 Due after 1 year through 2 years 1,808 Due after 2 years through 3 years 1,429 Due after 3 years through 4 years 1,334 Due after 4 years through 5 years 1,196 Due after 5 years 6,266 Total future minimum lease payments 14,482 Less imputed interest (3,051 ) Total $ 11,431

DEBT

DEBT	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
DEBT	DEBT Outstanding borrowings consisted of the following: September 30, December 31, Syndicated credit agreement: U.S. Dollar revolving loan $ 6,129 $ 17,128 Capital expenditure facility 22,656 25,000 Outstanding borrowings 28,785 42,128 Less: debt issuance costs (650 ) (773 ) Total debt 28,135 41,355 Less: current portion of long-term debt (3,125 ) (3,125 ) Long-term debt $ 25,010 $ 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 September 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 €1,298 is available as of September 30, 2019 after considering outstanding letters of credit. Included in lines of credit are deferred debt issuance costs of $650 and $773 as of September 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	9 Months Ended
	Sep. 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. During the fourth quarter, our German operating entities are expected to commence a tax audit for fiscal years 2015 through 2017. If any issues addressed in the audit are resolved in a manner not consistent with our expectations, the Company could be required to adjust its provision for income taxes in future periods.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Sep. 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 September 30, Nine months ended September 30, 2019 2018 2019 2018 Net sales DynaEnergetics $ 77,356 $ 66,250 $ 245,820 $ 174,270 NobelClad 22,738 21,633 65,363 61,841 Net sales $ 100,094 $ 87,883 $ 311,183 $ 236,111 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Operating income DynaEnergetics $ 14,911 $ 9,860 $ 64,834 $ 30,801 NobelClad 2,219 2,099 $ 5,972 $ 3,791 Segment operating income 17,130 11,959 70,806 34,592 Unallocated corporate expenses (3,067 ) (2,269 ) (8,972 ) (7,569 ) Stock-based compensation (1,242 ) (870 ) (3,908 ) (2,662 ) Other income (expense), net 170 (335 ) 492 (1,039 ) Interest expense, net (387 ) (495 ) (1,169 ) (1,096 ) Income before income taxes $ 12,604 $ 7,990 $ 57,249 $ 22,226 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Depreciation and amortization DynaEnergetics $ 1,772 $ 1,595 $ 4,890 $ 4,729 NobelClad 845 802 2,477 2,435 Segment depreciation and amortization $ 2,617 $ 2,397 $ 7,367 $ 7,164 The disaggregation of revenue earned from contracts with customers based on the geographic location of the customer is as follows. DynaEnergetics Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 United States $ 67,361 $ 54,281 210,642 134,575 Canada 2,586 5,904 8,962 20,245 United Arab Emirates 349 146 4,447 1,034 France 10 3 51 76 Ukraine 106 1,172 3,516 2,685 Germany 455 41 535 122 Russia 775 646 1,830 3,072 India 160 678 236 1,507 Egypt 876 321 2,610 1,397 Indonesia 225 16 1,406 200 Iraq 218 — 1,104 318 China — 59 28 115 Italy 164 82 182 113 Hong Kong 60 178 121 479 Australia 494 112 618 365 Rest of the world 3,517 2,611 9,532 7,967 Total DynaEnergetics $ 77,356 $ 66,250 $ 245,820 $ 174,270 NobelClad Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 United States $ 12,883 $ 9,815 34,830 22,296 Canada 1,143 1,415 4,502 4,839 United Arab Emirates 287 346 1,561 737 France 529 508 2,182 3,203 South Korea 438 143 1,319 1,974 Germany 1,210 1,459 3,041 3,712 India 267 1,284 546 2,086 Spain 1,029 268 1,375 900 Italy — 471 664 1,547 Oman 51 424 276 635 China — 1,217 — 9,061 Netherlands 519 504 1,531 1,816 Norway 1,359 226 3,519 513 Sweden 400 1,394 1,538 1,972 Australia 241 299 1,086 299 Rest of the world 2,382 1,860 7,393 6,251 Total NobelClad $ 22,738 $ 21,633 $ 65,363 $ 61,841 During the three months ended September 30, 2019 , no customer accounted for greater than 10% of consolidated net sales, while during the three months ended September 30, 2018 , two customers accounted for greater than 10% of consolidated net sales. During the nine months ended September 30, 2019 and 2018 , no customers were responsible for more than 10% of consolidated net sales.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 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, 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 September 30, 2019 and 2018 , the notional amounts of the forward currency contracts the Company held were $7,292 and $6,236 , respectively. At September 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 September 30, Nine months ended September 30, Derivative Statements of Operations Location 2019 2018 2019 2018 Foreign currency contracts Other income (expense), net $ (182 ) $ 36 $ (113 ) $ (265 )

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 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 AND ASSET IMPAIRM

RESTRUCTURING AND ASSET IMPAIRMENTS	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND ASSET IMPAIRMENTS	RESTRUCTURING AND ASSET IMPAIRMENTS During the third quarter of 2019, DynaEnergetics completed a series of capacity expansion initiatives at its plants in North America and Germany. The new capacity improved DynaEnergetics’ operating efficiencies and enabled the business to more effectively serve its global customer base. Capitalizing on its more efficient manufacturing footprint, DynaEnergetics ceased its operations in Tyumen, Siberia in September 2019. In conjunction with shutting down operations, DynaEnergetics recorded a non-cash asset impairment charge of $4,620 within “Restructuring expenses, net and asset impairments”, which was calculated by comparing the estimated fair value less costs to sell to the carrying value of the assets. DynaEnergetics also recorded $1,260 in severance charges within “Restructuring expenses, net and asset impairments” and a non-cash inventory write down of $630 recorded within “Cost of products sold” associated with the decision to cease operations in Siberia. As of September 30, 2019, total DynaEnergetics Siberia’s assets classified as held for sale was $4,534 . As necessary, we will continue to assess remaining Siberian assets for impairment in the fourth quarter of 2019. Once the entity is substantially liquidated, we will incur additional restructuring expenses related to the reclassification of cumulative currency translation losses, which approximated $8 million as of September 30, 2019. 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 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 and asset impairments” line item in our Condensed Consolidated Statements of Operations: Three months ended September 30, 2019 Severance Asset impairment Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 2 $ — $ (4 ) $ 7 $ 13 $ 18 DynaEnergetics 1,260 4,620 — — — 5,880 Total $ 1,262 $ 4,620 $ (4 ) $ 7 $ 13 $ 5,898 Nine months ended September 30, 2019 Severance (Gain on asset disposal) / Asset impairment Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 714 $ (636 ) $ 39 $ 234 $ 69 $ 420 DynaEnergetics 1,260 4,620 — — — 5,880 Total $ 1,974 $ 3,984 $ 39 $ 234 $ 69 $ 6,300 Three months ended September 30, 2018 Severance Equipment Moving Costs Other Exit Costs Total NobelClad $ 65 $ 119 $ 8 $ 192 Nine months ended September 30, 2018 Severance Equipment Moving Costs Other Exit Costs Total NobelClad $ 300 $ 119 $ 134 $ 553 During the nine months ended September 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 September 30, 2019 Severance $ 1,105 $ 1,974 $ (930 ) $ 2,149 Contract termination costs — 39 (39 ) — Equipment moving costs 8 234 (241 ) 1 Other exit costs 42 69 (108 ) 3 Total $ 1,155 $ 2,316 $ (1,318 ) $ 2,153 (1) Excluding asset impairment related to DynaEnergetics Siberia and gain on asset disposal related to NobelClad France.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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. 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.
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 basis 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 of 2019, 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 decreases 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.” These obligations are adjusted based on changes in value of the underlying investment options chosen by Plan participants. 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.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 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 September 30, Nine months ended September 30, 2019 2018 2019 2018 Net income as reported $ 6,915 $ 4,910 39,329 15,202 Less: Distributed net income available to participating securities (14 ) (7 ) (19 ) (20 ) Less: Undistributed net income available to participating securities (39 ) (104 ) (287 ) (323 ) Numerator for basic net income per share: 6,862 4,799 39,023 14,859 Add: Undistributed net income allocated to participating securities 39 104 287 323 Less: Undistributed net income reallocated to participating securities (39 ) (104 ) (283 ) (323 ) Numerator for diluted net income per share: 6,862 4,799 39,027 14,859 Denominator: Weighted average shares outstanding for basic net income per share 14,632,276 14,571,155 14,589,655 14,518,765 Effect of dilutive securities 218,890 — 210,477 — Weighted average shares outstanding for diluted net income per share 14,851,166 14,571,155 14,800,132 14,518,765 Net income per share: Basic $ 0.47 $ 0.33 $ 2.67 $ 1.02 Diluted $ 0.46 $ 0.33 $ 2.64 $ 1.02

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Schedule of components of inventory	Inventories consisted of the following: September 30, December 31, Raw materials $ 29,641 $ 26,544 Work-in-process 10,836 7,157 Finished goods 18,162 16,904 Supplies 284 469 $ 58,923 $ 51,074

PURCHASED INTANGIBLE ASSETS (Ta

PURCHASED INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 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 September 30, 2019 : Gross Accumulated Amortization Net Core technology $ 17,999 $ (11,748 ) $ 6,251 Customer relationships 33,751 (33,751 ) — Trademarks / Trade names 1,930 (1,930 ) — Total intangible assets $ 53,680 $ (47,429 ) $ 6,251 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)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities	Contract liabilities were as follows: September 30, 2019 December 31, 2018 NobelClad $ 2,052 $ 922 DynaEnergetics 511 218 Total $ 2,563 $ 1,140

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 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: September 30, 2019 Weighted average remaining lease term (in years) 8.97 Weighted average discount rate 5.2 %
Lessee, Operating Lease, Liability, Maturity	The following table represents maturities of operating lease liabilities as of September 30, 2019 : Due within 1 year $ 2,449 Due after 1 year through 2 years 1,808 Due after 2 years through 3 years 1,429 Due after 3 years through 4 years 1,334 Due after 4 years through 5 years 1,196 Due after 5 years 6,266 Total future minimum lease payments 14,482 Less imputed interest (3,051 ) Total $ 11,431

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of lines of credit	Outstanding borrowings consisted of the following: September 30, December 31, Syndicated credit agreement: U.S. Dollar revolving loan $ 6,129 $ 17,128 Capital expenditure facility 22,656 25,000 Outstanding borrowings 28,785 42,128 Less: debt issuance costs (650 ) (773 ) Total debt 28,135 41,355 Less: current portion of long-term debt (3,125 ) (3,125 ) Long-term debt $ 25,010 $ 38,230

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Information	Segment information is as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Net sales DynaEnergetics $ 77,356 $ 66,250 $ 245,820 $ 174,270 NobelClad 22,738 21,633 65,363 61,841 Net sales $ 100,094 $ 87,883 $ 311,183 $ 236,111 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Operating income DynaEnergetics $ 14,911 $ 9,860 $ 64,834 $ 30,801 NobelClad 2,219 2,099 $ 5,972 $ 3,791 Segment operating income 17,130 11,959 70,806 34,592 Unallocated corporate expenses (3,067 ) (2,269 ) (8,972 ) (7,569 ) Stock-based compensation (1,242 ) (870 ) (3,908 ) (2,662 ) Other income (expense), net 170 (335 ) 492 (1,039 ) Interest expense, net (387 ) (495 ) (1,169 ) (1,096 ) Income before income taxes $ 12,604 $ 7,990 $ 57,249 $ 22,226 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Depreciation and amortization DynaEnergetics $ 1,772 $ 1,595 $ 4,890 $ 4,729 NobelClad 845 802 2,477 2,435 Segment depreciation and amortization $ 2,617 $ 2,397 $ 7,367 $ 7,164
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 September 30, Nine months ended September 30, 2019 2018 2019 2018 United States $ 67,361 $ 54,281 210,642 134,575 Canada 2,586 5,904 8,962 20,245 United Arab Emirates 349 146 4,447 1,034 France 10 3 51 76 Ukraine 106 1,172 3,516 2,685 Germany 455 41 535 122 Russia 775 646 1,830 3,072 India 160 678 236 1,507 Egypt 876 321 2,610 1,397 Indonesia 225 16 1,406 200 Iraq 218 — 1,104 318 China — 59 28 115 Italy 164 82 182 113 Hong Kong 60 178 121 479 Australia 494 112 618 365 Rest of the world 3,517 2,611 9,532 7,967 Total DynaEnergetics $ 77,356 $ 66,250 $ 245,820 $ 174,270 NobelClad Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 United States $ 12,883 $ 9,815 34,830 22,296 Canada 1,143 1,415 4,502 4,839 United Arab Emirates 287 346 1,561 737 France 529 508 2,182 3,203 South Korea 438 143 1,319 1,974 Germany 1,210 1,459 3,041 3,712 India 267 1,284 546 2,086 Spain 1,029 268 1,375 900 Italy — 471 664 1,547 Oman 51 424 276 635 China — 1,217 — 9,061 Netherlands 519 504 1,531 1,816 Norway 1,359 226 3,519 513 Sweden 400 1,394 1,538 1,972 Australia 241 299 1,086 299 Rest of the world 2,382 1,860 7,393 6,251 Total NobelClad $ 22,738 $ 21,633 $ 65,363 $ 61,841

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 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 September 30, Nine months ended September 30, Derivative Statements of Operations Location 2019 2018 2019 2018 Foreign currency contracts Other income (expense), net $ (182 ) $ 36 $ (113 ) $ (265 )

RESTRUCTURING AND ASSET IMPAI_2

RESTRUCTURING AND ASSET IMPAIRMENTS (Tables)	9 Months Ended
	Sep. 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 and asset impairments” line item in our Condensed Consolidated Statements of Operations: Three months ended September 30, 2019 Severance Asset impairment Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 2 $ — $ (4 ) $ 7 $ 13 $ 18 DynaEnergetics 1,260 4,620 — — — 5,880 Total $ 1,262 $ 4,620 $ (4 ) $ 7 $ 13 $ 5,898 Nine months ended September 30, 2019 Severance (Gain on asset disposal) / Asset impairment Contract Termination Costs Equipment Moving Costs Other Exit Costs Total NobelClad $ 714 $ (636 ) $ 39 $ 234 $ 69 $ 420 DynaEnergetics 1,260 4,620 — — — 5,880 Total $ 1,974 $ 3,984 $ 39 $ 234 $ 69 $ 6,300 Three months ended September 30, 2018 Severance Equipment Moving Costs Other Exit Costs Total NobelClad $ 65 $ 119 $ 8 $ 192 Nine months ended September 30, 2018 Severance Equipment Moving Costs Other Exit Costs Total NobelClad $ 300 $ 119 $ 134 $ 553
Changes to the restructuring liability	During the nine months ended September 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 September 30, 2019 Severance $ 1,105 $ 1,974 $ (930 ) $ 2,149 Contract termination costs — 39 (39 ) — Equipment moving costs 8 234 (241 ) 1 Other exit costs 42 69 (108 ) 3 Total $ 1,155 $ 2,316 $ (1,318 ) $ 2,153 (1) Excluding asset impairment related to DynaEnergetics Siberia and gain on asset disposal related to NobelClad France.

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Bad debt expense	$ 64	$ (32)	$ 238	$ (28)
Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Payment terms, period			30 days
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Payment terms, period			60 days

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income (loss) as reported	$ 6,915	$ 4,910	$ 39,329	$ 15,202
Less: Distributed net income available to participating securities	(14)	(7)	(19)	(20)
Less: Undistributed net income available to participating securities	(39)	(104)	(287)	(323)
Numerator for basic net income per share	6,862	4,799	39,023	14,859
Add: Undistributed net income allocated to participating securities	39	104	287	323
Less: Undistributed net income reallocated to participating securities	(39)	(104)	(283)	(323)
Numerator for diluted net income per share	$ 6,862	$ 4,799	$ 39,027	$ 14,859
Denominator:
Weighted average shares outstanding for basic net income per share (in shares)	14,632,276	14,571,155	14,589,655	14,518,765
Effect of dilutive securities (in shares)	218,890	0	210,477	0
Weighted average shares outstanding for diluted net income per share (in shares)	14,851,166	14,571,155	14,800,132	14,518,765
Net income (loss) allocated to common stock for EPS calculation:
Basic (in dollars per share)	$ 0.47	$ 0.33	$ 2.67	$ 1.02
Diluted (in dollars per share)	$ 0.46	$ 0.33	$ 2.64	$ 1.02

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventories
Raw materials	$ 29,641	$ 26,544
Work-in-process	10,836	7,157
Finished goods	18,162	16,904
Supplies	284	469
Total inventory	$ 58,923	$ 51,074

PURCHASED INTANGIBLE ASSETS (De

PURCHASED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Purchased intangible assets
Gross	$ 53,680	$ 58,069
Accumulated Amortization	(47,429)	(49,480)
Net	6,251	8,589
Core technology
Purchased intangible assets
Gross	17,999	18,916
Accumulated Amortization	(11,748)	(10,866)
Net	6,251	8,050
Customer relationships
Purchased intangible assets
Gross	33,751	37,122
Accumulated Amortization	(33,751)	(36,583)
Net	0	539
Trademarks / Trade names
Purchased intangible assets
Gross	1,930	2,031
Accumulated Amortization	(1,930)	(2,031)
Net	$ 0	$ 0

CONTRACT LIABILITIES (Details)

CONTRACT LIABILITIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	$ 2,563	$ 1,140
Contract liability recorded as net sales	799
NobelClad
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	2,052	922
DynaEnergetics
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	$ 511	$ 218

LEASES - Additional Information

LEASES - Additional Information (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Leases [Abstract]
Right-of-Use asset	$ 10,274	$ 10,274
Operating lease liability	11,431	11,431
Operating lease, liability, current	1,944	1,944
Operating lease, liability, noncurrent	9,487	9,487
Operating lease cost	$ 784	$ 2,220
Weighted average remaining lease term (in years)	8 years 11 months 20 days	8 years 11 months 20 days
Weighted average discount rate (as a percent)	5.20%	5.20%

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Leases (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
Due within 1 year	$ 2,449
Due after 1 year through 2 years	1,808
Due after 2 years through 3 years	1,429
Due after 3 years through 4 years	1,334
Due after 4 years through 5 years	1,196
Due after 5 years	6,266
Total future minimum lease payments	14,482
Less imputed interest	(3,051)
Total	$ 11,431

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Lines of credit
Outstanding borrowings	$ 28,785	$ 42,128
Less: debt issuance costs	(650)	(773)
Total debt	28,135	41,355
Less: current portion of long-term debt	(3,125)	(3,125)
Long-term debt	25,010	38,230
Capital expenditure facility
Lines of credit
Outstanding borrowings	22,656	25,000
Credit Facility | U.S. Dollar revolving loan
Lines of credit
Outstanding borrowings	$ 6,129	$ 17,128

DEBT - Narrative (Details)

DEBT - Narrative (Details)	Mar. 08, 2018USD ($)bank	Sep. 30, 2019USD ($)	Sep. 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		$ 650,000		$ 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 | €			€ 1,298,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2019	Sep. 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		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Segment information
Number of segments | segment			2
Net sales	$ 100,094	$ 87,883	$ 311,183	$ 236,111
Segment operating income	12,821	8,820	57,926	24,361
Other income (expense), net	170	(335)	492	(1,039)
Interest expense, net	(387)	(495)	(1,169)	(1,096)
Income before income taxes	12,604	7,990	57,249	22,226
Operating Segments
Segment information
Segment operating income	17,130	11,959	70,806	34,592
Segment depreciation and amortization	2,617	2,397	7,367	7,164
Segment Reconciling Items
Segment information
Unallocated corporate expenses	(3,067)	(2,269)	(8,972)	(7,569)
Stock-based compensation	(1,242)	(870)	(3,908)	(2,662)
Other income (expense), net	170	(335)	492	(1,039)
Interest expense, net	(387)	(495)	(1,169)	(1,096)
DynaEnergetics
Segment information
Net sales	77,356	66,250	245,820	174,270
DynaEnergetics | Operating Segments
Segment information
Segment operating income	14,911	9,860	64,834	30,801
Segment depreciation and amortization	1,772	1,595	4,890	4,729
NobelClad
Segment information
Net sales	22,738	21,633	65,363	61,841
NobelClad | Operating Segments
Segment information
Segment operating income	2,219	2,099	5,972	3,791
Segment depreciation and amortization	$ 845	$ 802	$ 2,477	$ 2,435

BUSINESS SEGMENTS - Disaggregat

BUSINESS SEGMENTS - Disaggregation of Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 100,094	$ 87,883	$ 311,183	$ 236,111
DynaEnergetics
Disaggregation of Revenue [Line Items]
Net sales	77,356	66,250	245,820	174,270
DynaEnergetics | United States
Disaggregation of Revenue [Line Items]
Net sales	67,361	54,281	210,642	134,575
DynaEnergetics | Canada
Disaggregation of Revenue [Line Items]
Net sales	2,586	5,904	8,962	20,245
DynaEnergetics | United Arab Emirates
Disaggregation of Revenue [Line Items]
Net sales	349	146	4,447	1,034
DynaEnergetics | France
Disaggregation of Revenue [Line Items]
Net sales	10	3	51	76
DynaEnergetics | Ukraine
Disaggregation of Revenue [Line Items]
Net sales	106	1,172	3,516	2,685
DynaEnergetics | Germany
Disaggregation of Revenue [Line Items]
Net sales	455	41	535	122
DynaEnergetics | Russia
Disaggregation of Revenue [Line Items]
Net sales	775	646	1,830	3,072
DynaEnergetics | India
Disaggregation of Revenue [Line Items]
Net sales	160	678	236	1,507
DynaEnergetics | Egypt
Disaggregation of Revenue [Line Items]
Net sales	876	321	2,610	1,397
DynaEnergetics | Indonesia
Disaggregation of Revenue [Line Items]
Net sales	225	16	1,406	200
DynaEnergetics | Iraq
Disaggregation of Revenue [Line Items]
Net sales	218	0	1,104	318
DynaEnergetics | China
Disaggregation of Revenue [Line Items]
Net sales	0	59	28	115
DynaEnergetics | Italy
Disaggregation of Revenue [Line Items]
Net sales	164	82	182	113
DynaEnergetics | Hong Kong
Disaggregation of Revenue [Line Items]
Net sales	60	178	121	479
DynaEnergetics | Australia
Disaggregation of Revenue [Line Items]
Net sales	494	112	618	365
DynaEnergetics | Rest of the world
Disaggregation of Revenue [Line Items]
Net sales	3,517	2,611	9,532	7,967
NobelClad
Disaggregation of Revenue [Line Items]
Net sales	22,738	21,633	65,363	61,841
NobelClad | United States
Disaggregation of Revenue [Line Items]
Net sales	12,883	9,815	34,830	22,296
NobelClad | Canada
Disaggregation of Revenue [Line Items]
Net sales	1,143	1,415	4,502	4,839
NobelClad | United Arab Emirates
Disaggregation of Revenue [Line Items]
Net sales	287	346	1,561	737
NobelClad | France
Disaggregation of Revenue [Line Items]
Net sales	529	508	2,182	3,203
NobelClad | Germany
Disaggregation of Revenue [Line Items]
Net sales	1,210	1,459	3,041	3,712
NobelClad | South Korea
Disaggregation of Revenue [Line Items]
Net sales	438	143	1,319	1,974
NobelClad | India
Disaggregation of Revenue [Line Items]
Net sales	267	1,284	546	2,086
NobelClad | Spain
Disaggregation of Revenue [Line Items]
Net sales	1,029	268	1,375	900
NobelClad | China
Disaggregation of Revenue [Line Items]
Net sales	0	1,217	0	9,061
NobelClad | Italy
Disaggregation of Revenue [Line Items]
Net sales	0	471	664	1,547
NobelClad | Oman
Disaggregation of Revenue [Line Items]
Net sales	51	424	276	635
NobelClad | Netherlands
Disaggregation of Revenue [Line Items]
Net sales	519	504	1,531	1,816
NobelClad | Norway
Disaggregation of Revenue [Line Items]
Net sales	1,359	226	3,519	513
NobelClad | Sweden
Disaggregation of Revenue [Line Items]
Net sales	400	1,394	1,538	1,972
NobelClad | Australia
Disaggregation of Revenue [Line Items]
Net sales	241	299	1,086	299
NobelClad | Rest of the world
Disaggregation of Revenue [Line Items]
Net sales	$ 2,382	$ 1,860	$ 7,393	$ 6,251

DERIVATIVE INSTRUMENTS - Narra

DERIVATIVE INSTRUMENTS - Narrative (Details) - Foreign Exchange Forward - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Derivatives, Fair Value [Line Items]
Notional amounts	$ 7,292		$ 6,236
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Foreign currency contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency contracts	$ (182)	$ 36	$ (113)	$ (265)

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	Jun. 30, 2019	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				$ 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 AND ASSET IMPAI_3

RESTRUCTURING AND ASSET IMPAIRMENTS - Summary of Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	$ 5,898		$ 192	$ 6,300	$ 553
NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments					553
Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	5,898			6,300
Operating Segments | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	18		192	420
Operating Segments | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	5,880			5,880
Assets classified as held for sale	4,534			4,534
Cumulative currency translation losses	8,000
Operating Segments | Inventory Write Down | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	630
Operating Segments | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	1,262			1,974
Operating Segments | Severance | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	2	$ 712	65	714	300
Operating Segments | Severance | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	1,260			1,260
Operating Segments | Asset impairment
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	4,620
Operating Segments | Asset impairment | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	0
Operating Segments | Asset impairment | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	4,620
Operating Segments | (Gain on asset disposal) / Asset impairment
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments				3,984
Operating Segments | (Gain on asset disposal) / Asset impairment | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments		$ (519)		(636)
Operating Segments | (Gain on asset disposal) / Asset impairment | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments				4,620
Operating Segments | Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	(4)			39
Operating Segments | Contract Termination Costs | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	(4)			39
Operating Segments | Contract Termination Costs | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	0			0
Operating Segments | Equipment Moving Costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	7			234
Operating Segments | Equipment Moving Costs | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	7		119	234	119
Operating Segments | Equipment Moving Costs | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	0			0
Operating Segments | Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	13			69
Operating Segments | Other Exit Costs | NobelClad
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	13		$ 8	69	$ 134
Operating Segments | Other Exit Costs | DynaEnergetics
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net and asset impairments	$ 0			$ 0

RESTRUCTURING AND ASSET IMPAI_4

RESTRUCTURING AND ASSET IMPAIRMENTS - Rollforward of Restructuring Charges (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Restructuring Reserve [Roll Forward]
December 31, 2018	$ 1,155
Net expense	2,316
Payments and Other Adjustments	(1,318)
September 30, 2019	2,153
Severance
Restructuring Reserve [Roll Forward]
December 31, 2018	1,105
Net expense	1,974
Payments and Other Adjustments	(930)
September 30, 2019	2,149
Contract Termination Costs
Restructuring Reserve [Roll Forward]
December 31, 2018	0
Net expense	39
Payments and Other Adjustments	(39)
September 30, 2019	0
Equipment moving costs
Restructuring Reserve [Roll Forward]
December 31, 2018	8
Net expense	234
Payments and Other Adjustments	(241)
September 30, 2019	1
Other exit costs
Restructuring Reserve [Roll Forward]
December 31, 2018	42
Net expense	69
Payments and Other Adjustments	(108)
September 30, 2019	$ 3

Uncategorized Items - boom-2019

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