RESTRUCTURING AND ASSET IMPAIRMENTS

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

During the first quarter of 2020, DMC reduced its workforce by 264 positions to address a sharp decline in activity levels in the Company’s core oil and gas end market in March principally due to the COVID-19 pandemic. The workforce reduction impacted full-time, part-time and temporary direct-labor roles in manufacturing and assembly at DynaEnergetics as well as general and administrative positions at DynaEnergetics, NobelClad, and at DMC’s corporate office. Additionally, during the first quarter of 2020, DynaEnergetics continued activities to prepare its Tyumen, Siberia facility for sale later in 2020. As of March 31, 2020, total DynaEnergetics Siberia’s assets classified as held for sale was $437.

During the fourth quarter of 2017, NobelClad announced plans to consolidate its European production facilities by closing manufacturing operations in France. During the first quarter of 2019, NobelClad entered into a sales agreement with a buyer for the production facility. In preparation for the sale, NobelClad moved certain machinery and equipment to its manufacturing facility in Germany and sold other machinery and equipment to third-parties.

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 March 31, 2020
	Severance		Contract Termination Costs		Other Exit Costs		Total
NobelClad	$	54	$	—	$	5	$	59
DynaEnergetics	707		11		220		938
Corporate	119		—		—		119

Total	$	880	$	11	$	225	$	1,116


	Three months ended March 31, 2019
	Asset Impairment		Contract Termination Costs		Equipment Moving Costs		Other Exit Costs		Total
NobelClad	$	(116)	$	39	$	144	$	11	$	78

During the three months ended March 31, 2020, the changes to the restructuring liability associated with these programs is summarized below:


	December 31, 2019		Net expense		Payments and Other Adjustments		Currency Adjustments		March 31, 2020
Severance	$	2,404	$	880	$	(269)	$	(307)	$	2,708
Contract termination costs	—		11		—				11
Equipment moving costs	—		—		—		—		—
Other exit costs	271		225		(491)		—		5
Total	$	2,675	$	1,116	$	(760)	$	(307)	$	2,724