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BUSINESS SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment information is as follows for the three months ended March 31, 2025

Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$65,580 $65,551 $28,159 $159,290 
Cost of products sold45,219 52,740 20,062 118,021 
Gross profit20,361 12,811 8,097 41,269 
Stock-based compensation*237 — — 237 
General and administrative expenses7,306 2,747 1,192 11,245 
Selling and distribution expenses4,734 4,476 2,283 11,493 
Amortization of purchased intangible assets4,763 — — 4,763 
Restructuring expenses325 — — 325 
Operating income2,996 5,588 4,622 13,206 
Unallocated corporate expenses(5,367)
Unallocated stock-based compensation*(1,326)
Other expense, net(218)
Interest expense, net(1,699)
Income before income taxes4,596 
Income tax provision2,733 
Net income$1,863 
 
Segment information is as follows for the three months ended March 31, 2024:

Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$61,925 $78,122 $26,822 $166,869 
Cost of products sold45,112 61,151 18,178 124,441 
Gross profit16,813 16,971 8,644 42,428 
Stock-based compensation*342 — — 342 
General and administrative expenses7,479 2,891 1,074 11,444 
Selling and distribution expenses4,303 5,223 2,470 11,996 
Amortization of purchased intangible assets5,277 15 — 5,292 
Operating income (loss)(588)8,842 5,100 13,354 
Unallocated corporate expenses(5,531)
Unallocated stock-based compensation*(1,135)
Other expense, net(409)
Interest expense, net(2,317)
Income before income taxes3,962 
Income tax provision1,643 
Net income$2,319 


*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.
Three months ended March 31,
20252024
Depreciation and amortization:
Arcadia Products$5,769 $6,152 
DynaEnergetics1,791 1,697 
NobelClad794 780 
Segment depreciation and amortization8,354 8,629 
Corporate and other69 82 
Consolidated depreciation and amortization$8,423 $8,711 

The disaggregation of revenue earned from contracts with customers is based on the geographic location of the customer. For Arcadia Products, net sales have been presented consistent with United States regional definitions as provided by the American Institute of Architects. For DynaEnergetics and NobelClad, all net sales are from products shipped from our manufacturing facilities and distribution centers located in the United States, Germany, and Canada.

Arcadia Products
 Three months ended March 31,
 20252024
West$56,360 $50,765 
South5,174 5,614 
Northeast2,146 2,817 
Midwest1,900 2,729 
Total Arcadia Products$65,580 $61,925 

DynaEnergetics
 Three months ended March 31,
 20252024
United States$53,296 $60,069 
Canada3,813 6,431 
Oman2,039 2,069 
Indonesia1,114 355 
Kuwait887 1,076 
India— 2,942 
Rest of the world(1)
4,402 5,180 
Total DynaEnergetics$65,551 $78,122 

(1) Rest of the world does not include any individual country comprising sales greater than 5% of total DynaEnergetics revenue.
NobelClad
 Three months ended March 31,
 20252024
Germany$9,750 $1,035 
United States8,962 12,360 
Canada2,233 5,435 
Saudi Arabia1,799 166 
United Arab Emirates975 556 
Sweden713 386 
Australia521 — 
Belgium512 113 
France407 864 
Netherlands367 871 
Italy57 601 
China29 1,230 
South Africa— 794 
Rest of the world (1)
1,834 2,411 
Total NobelClad$28,159 $26,822 

(1) Rest of the world does not include any individual country comprising sales greater than 5% of total NobelClad revenue.