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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 10,617 $ 8,200
Accounts receivable, net of allowance for doubtful accounts of $419 and $406, respectively 38,715 36,981
Inventory, net 41,550 48,320
Prepaid expenses and other 4,375 4,469
Current deferred tax assets 3,507 2,074
Total current assets 98,764 100,044
PROPERTY, PLANT AND EQUIPMENT 107,802 90,621
Less - accumulated depreciation (42,787) (36,645)
Property, plant and equipment, net 65,015 53,976
GOODWILL, net 37,970 37,431
PURCHASED INTANGIBLE ASSETS, net 36,458 41,958
DEFERRED TAX ASSETS 505 804
OTHER ASSETS, net 1,900 1,218
TOTAL ASSETS 240,612 235,431
CURRENT LIABILITIES:    
Accounts payable 14,668 11,281
Accrued expenses 3,966 4,564
Dividend payable 550 540
Accrued income taxes 2,811 406
Accrued employee compensation and benefits 4,806 4,977
Customer advances 1,025 1,363
Current debt obligations 2,907 1,046
Current portion of capital lease obligations 24 52
Current deferred tax liabilities 435 149
Total current liabilities 31,192 24,378
LINES OF CREDIT 26,400 37,779
LONG-TERM DEBT 0 55
CAPITAL LEASE OBLIGATIONS 8 19
DEFERRED TAX LIABILITIES 8,347 9,211
OTHER LONG-TERM LIABILITIES 1,873 1,433
Total liabilities 67,820 72,875
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 8)      
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; 13,772,324 and 13,519,555 shares issued and outstanding, respectively 689 676
Additional paid-in capital 62,934 60,158
Retained earnings 113,399 108,101
Other cumulative comprehensive loss (4,230) (6,463)
Total Dynamic Materials Corporation’s stockholders’ equity 172,792 162,472
Non-controlling interest 0 84
Total stockholders’ equity 172,792 162,556
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 240,612 $ 235,431