XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 188,664 $ 165,831 $ 373,005 $ 304,547
Cost of products sold 126,774 113,732 258,904 215,542
Gross profit 61,890 52,099 114,101 89,005
Costs and expenses:        
General and administrative expenses 17,526 18,816 44,026 36,534
Selling and distribution expenses 11,700 10,545 24,524 20,635
Amortization of purchased intangible assets 5,667 12,793 11,334 25,769
Restructuring expenses 0 13 0 45
Total costs and expenses 34,893 42,167 79,884 82,983
Operating income 26,997 9,932 34,217 6,022
Other (expense) income:        
Other (expense) income, net (439) 54 (639) (155)
Interest expense, net (2,432) (1,263) (4,813) (2,287)
Income before income taxes 24,126 8,723 28,765 3,580
Income tax provision 6,600 2,264 9,100 1,401
Net income 17,526 6,459 19,665 2,179
Less: Net income (loss) attributable to redeemable noncontrolling interest   907 5,053 (85)
Net income attributable to DMC Global Inc. stockholders $ 13,703 $ 5,552 $ 14,612 $ 2,264
Net income (loss) per share attributable to DMC Global Inc. stockholders:        
Basic (in dollars per share) $ 0.70 $ 0.20 $ 0.69 $ (0.26)
Diluted (in dollars per share) $ 0.70 $ 0.20 $ 0.69 $ (0.26)
Weighted average shares outstanding:        
Basic (in shares) 19,497,871 19,374,714 19,477,576 19,338,049
Diluted (in shares) 19,504,963 19,374,736 19,485,863 19,338,049
Reconciliation to net (loss) income attributable to DMC Global Inc. stockholders        
Net income attributable to DMC Global Inc. stockholders $ 13,703 $ 5,552 $ 14,612 $ 2,264
Adjustment of redeemable noncontrolling interest 112 (1,535) (1,026) (7,252)
Net income (loss) attributable to DMC Global Inc. stockholders after adjustment of redeemable noncontrolling interest $ 13,815 $ 4,017 $ 13,586 $ (4,988)