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BUSINESS SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment information is as follows as of and for the years ended December 31:
 
202320222021
Net sales:
Arcadia Products
$298,909 $299,527 $— 
DynaEnergetics315,026 264,327 175,356 
NobelClad105,253 90,232 84,759 
Net sales$719,188 $654,086 $260,115 

202320222021
Income (loss) before income taxes:
Arcadia Products
$21,407 $3,962 $(2,020)
DynaEnergetics46,353 39,055 8,235 
NobelClad19,427 7,989 9,783 
Segment operating income87,187 51,006 15,998 
Unallocated corporate expenses, including restructuring expenses, net and asset impairments(17,466)(13,164)(11,826)
Unallocated stock-based compensation*
(8,544)(7,852)(6,574)
Other (expense) income, net(1,782)(594)152 
Interest expense, net(9,516)(6,187)(304)
Income (loss) before income taxes$49,879 $23,209 $(2,554)

*Stock-based compensation is not allocated to wholly owned segments, DynaEnergetics and NobelClad. Stock-based compensation is allocated to the Arcadia Products segment as 60% of such expense is attributable to the Company, whereas the remaining 40% is attributable to the redeemable noncontrolling interest holder.
202320222021
Depreciation and Amortization:
Arcadia Products
$26,303 $39,222 $415 
DynaEnergetics6,906 7,877 8,126 
NobelClad2,893 3,730 3,807 
Segment depreciation and amortization36,102 50,829 12,348 
Corporate and other405 378 346 
Consolidated depreciation and amortization$36,507 $51,207 $12,694 
202320222021
Acquisition of property, plant and equipment:
Arcadia Products
$6,051 $7,168 $42 
DynaEnergetics6,545 5,660 5,455 
NobelClad2,944 5,298 2,730 
Segment acquisition of property, plant and equipment15,540 18,126 8,227 
Corporate and other434 458 432 
Consolidated acquisition of property, plant and equipment$15,974 $18,584 $8,659 
20232022
Assets:
Arcadia Products
$468,102 $498,257 
DynaEnergetics209,452 183,991 
NobelClad58,862 54,528 
Segment assets736,416 736,776 
Cash and cash equivalents31,040 25,144 
Marketable securities12,619 — 
Prepaid expenses and other assets94,929 106,101 
Deferred tax assets6,738 7,633 
Corporate property, plant and equipment2,753 3,324 
Consolidated assets$884,495 $878,978 
Schedule of Geographic Location of Property, Plant and Equipment, Net of Accumulated Depreciation
The geographic location of our property, plant and equipment, net of accumulated depreciation, is as follows at December 31:
 
 20232022
United States$102,894 $102,804 
Germany26,236 26,479 
Canada76 84 
France58 71 
Rest of the world3 7 
Total$129,267 $129,445 
Schedule of Net Sales Based on the Geographic Location of the Customer The following represents our net sales based on the geographic location of the customer for years ended December 31: 
Arcadia Products
20232022
West$237,629 $235,705 
South30,055 37,061 
Northeast21,582 14,103 
Midwest9,643 12,658 
Total Arcadia Products
$298,909 $299,527 

DynaEnergetics
202320222021
United States$245,391 $211,025 $136,053 
Canada23,404 17,156 12,149 
Oman7,833 3,188 2,830 
Iraq6,034 3,574 72 
Kuwait4,980 1,801 1,559 
United Arab Emirates4,742 1,525 230 
Egypt2,340 5,780 3,244 
Rest of the world(1)
20,302 20,278 19,219 
Total DynaEnergetics$315,026 $264,327 $175,356 

(1) Rest of the world does not include any individual country comprising sales greater than 2% of total DynaEnergetics revenue.
NobelClad
202320222021
United States53,024 38,818 37,283 
Canada7,588 9,610 4,779 
China6,438 3,902 10,365 
Germany4,695 4,630 2,496 
South Korea4,562 3,242 2,144 
United Arab Emirates4,485 3,582 3,613 
Saudi Arabia3,542 2,212 328 
France2,988 2,057 2,197 
Italy2,064 1,766 1,422 
Sweden2,011 3,743 1,205 
Belgium2,009 603 2,547 
Brazil1,835 1,228 — 
Netherlands1,656 2,094 1,984 
United Kingdom1,252 537 137 
Australia1,181 1,799 1,301 
India307 3,116 1,908 
Russia(1)
— 191 4,057 
Rest of the world(2)
5,616 7,102 6,993 
Total NobelClad$105,253 $90,232 $84,759 

(1) Sales to Russia have been suspended indefinitely due to the ongoing conflict in Ukraine.
(2) Rest of the world does not include any individual country comprising sales greater than 2% of total NobelClad revenue.