CONTRACT LIABILITIES

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

CONTRACT LIABILITIES

CONTRACT LIABILITIES

At times, we require customers to make advance payments prior to the shipment of their orders 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:

	March 31, 2022		December 31, 2021
Arcadia	$	21,931	$	14,697
NobelClad	4,879		5,881
DynaEnergetics	142		474
Total contract liabilities	$	26,952	$	21,052

We generally expect to recognize the revenue associated with contract liabilities over a time period no longer than one year, but unforeseen circumstances can cause delays in shipments associated with contract liabilities.