SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Allowance for Credit Losses on Receivables

The following table summarizes current year activity in the allowance for credit losses on receivables from customers in each of our business segments:


	Arcadia Products		DynaEnergetics		NobelClad		DMC Global Inc.
Allowance for doubtful accounts, December 31, 2023	$	60	$	1,838	$	57	$	1,955

Current period provision for expected credit losses	435		4,636		1		5,072

Recoveries of amounts previously reserved	—		(102)		(40)		(142)
Impacts of foreign currency exchange rates and other	—		(3)		(1)		(4)
Allowance for doubtful accounts, December 31, 2024	$	495	$	6,369	$	17	$	6,881

Schedule of Property, Plant and Equipment

Depreciation is computed using the straight-line method over the estimated useful life of the related asset (except leasehold improvements which are depreciated over the shorter of their estimated useful life or the lease term) as follows:


Buildings and improvements			10-40 years
Manufacturing equipment and tooling			3-15 years
Furniture, fixtures, and computer software and equipment			3-10 years
Other			3-10 years

Gross property, plant and equipment consisted of the following at December 31:


	2024		2023
Land	$	4,174	$	4,267
Buildings and improvements	64,719		64,281
Manufacturing equipment and tooling	98,042		87,936
Furniture, fixtures, and computer software and equipment	36,182		31,406
Other	16,145		16,262
Construction in process	15,862		19,531
Total gross property, plant and equipment	$	235,124	$	223,683

Schedule of Contract with Customer, Contract Liabilities

Contract liabilities consisted of the following at December 31:


	2024		2023
Arcadia Products	$	9,408	$	13,815
DynaEnergetics	1,373		1,144
NobelClad	12,381		6,662
Total	$	23,162	$	21,621

Schedule of Computation and Reconciliation of Earnings Per Common Share

EPS was calculated as follows for the years ended December 31:


	2024		2023		2022
Net (loss) income attributable to DMC Global Inc. stockholders, as reported	$	(94,452)	$	26,259	$	12,247
Adjustment of redeemable noncontrolling interest	(64,260)		(4,870)		1,937
Less: Deemed dividend	(2,500)		—		—
Less: Undistributed net income available to participating securities	—		(305)		(198)
Numerator for basic net (loss) income per share:	(161,212)		21,084		13,986
Add: Undistributed net income allocated to participating securities	—		305		198
Less: Undistributed net income reallocated to participating securities	—		(305)		(198)
Numerator for diluted net (loss) income per share:	(161,212)		21,084		13,986
Denominator:
Weighted average shares outstanding for basic net (loss) income per share	19,667,673		19,504,542		19,360,677
Effect of dilutive securities (1)	—		13,840		8,488
Weighted average shares outstanding for diluted net (loss) income per share	19,667,673		19,518,382		19,369,165
Net (loss) income per share:
Basic	$	(8.20)	$	1.08	$	0.72
Diluted	$	(8.20)	$	1.08	$	0.72

(1) Given we were in a net loss position for the year ended December 31, 2024, all potentially dilutive shares were anti-dilutive and were therefore excluded from the determination of diluted EPS.

Schedule of Restructuring and Impairment Charges

Total restructuring charges incurred are as follows and were reported in the "Restructuring expenses and asset impairments" line item in our Consolidated Statements of Operations for the year ended December 31:


	2024
	Severance		Asset Impairment		Total
Arcadia Products	$	567	$	78	$	645
DynaEnergetics	777		1,104		1,881


Total	$	1,344	$	1,182	$	2,526


	2023
	Severance		Asset Impairment		Contract Termination Costs		Equipment Moving and Other Exit Costs		Stock-based compensation		Total
DynaEnergetics	$	1,035	$	1,871	$	86	$	19	$	—	3,011
NobelClad	—		440		—		—		—		440
Corporate	—		160		—		—		155		315
Total	$	1,035	$	2,471	$	86	$	19	$	155	$	3,766