INVENTORIES

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out) or net realizable value. Significant cost elements included in inventory are raw materials, labor, freight, subcontract costs, and manufacturing overhead. As necessary, we write down inventory to its net realizable value by recording provisions for excess, slow moving and obsolete inventory. To determine provision amounts, we regularly review inventory quantities on hand and values, and compare them to estimates of future product demand, market conditions, production requirements and technological developments.

Inventories consisted of the following as of December 31, 2024:

	Arcadia Products		DynaEnergetics		NobelClad		DMC Global Inc.
Raw materials	$	9,548	$	25,831	$	6,624	$	42,003
Work-in-process	5,942		10,201		14,248		30,391
Finished goods	57,495		22,038		374		79,907
Supplies	—		—		279		279
Total inventories	$	72,985	$	58,070	$	21,525	$	152,580

Inventories consisted of the following as of December 31, 2023:

	Arcadia Products		DynaEnergetics		NobelClad		DMC Global Inc.
Raw materials	$	9,257	$	26,107	$	7,089	$	42,453
Work-in-process	7,565		23,196		12,509		43,270
Finished goods	56,463		23,644		633		80,740
Supplies	—		—		249		249
Total inventories	$	73,285	$	72,947	$	20,480	$	166,712