SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Allowance for Credit Losses on Receivables

The following table summarizes year-to-date 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, 2024	$	495	$	6,369	$	17	$	6,881

Current period provision for expected credit losses	364		495		—		859
Write-offs charged against the allowance	(51)		(3,010)		—		(3,061)
Recoveries of amounts previously reserved	(98)		(65)		—		(163)
Impacts of foreign currency exchange rates and other	—		5		—		5
Allowance for doubtful accounts, June 30, 2025	$	710	$	3,794	$	17	$	4,521

Schedule of Computation and Reconciliation of Earnings Per Common Share

For the applicable periods presented, diluted EPS using the two-class method was more dilutive than the treasury stock method; as such, only the two-class method has been included below.


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Net income attributable to DMC Global Inc. stockholders, as reported	$	116	$	4,012	$	793	$	6,575
Adjustment of redeemable noncontrolling interest	(4,900)		793		(4,819)		(1,514)

Less: Undistributed net income available to participating securities	—		(100)		—		(105)
Numerator for basic net (loss) income per share:	(4,784)		4,705		(4,026)		4,956
Add: Undistributed net income allocated to participating securities	—		100		—		105
Less: Undistributed net income reallocated to participating securities	—		(100)		—		(105)
Numerator for diluted net (loss) income per share:	$	(4,784)	$	4,705	$	(4,026)	$	4,956
Denominator:
Weighted average shares outstanding for basic net (loss) income per share	20,134,760		19,659,908		19,861,073		19,635,716
Effect of dilutive securities (1)	—		11,261		—		11,289
Weighted average shares outstanding for diluted net (loss) income per share	20,134,760		19,671,169		19,861,073		19,647,005
Net (loss) income per share attributable to DMC Global Inc. stockholders
Basic	$	(0.24)	$	0.24	$	(0.20)	$	0.25
Diluted	$	(0.24)	$	0.24	$	(0.20)	$	0.25

(1) Given that we were in a net loss position for the three and six months ended June 30, 2025, all potentially dilutive shares were anti-dilutive and were therefore excluded from the determination of diluted EPS. For the three and six months ended June 30, 2024, 13,539 and 10,843 shares, respectively have been excluded as their effect would have been anti-dilutive.

Schedule of Defined Compensation Plan

The balances related to the deferred compensation plan were as follows for the periods presented. The amounts included within “Prepaid expenses and other” and “Other current liabilities” pertain to scheduled distributions per the terms of the Plan that will occur within twelve months of June 30, 2025.


	Balance Sheet location	June 30, 2025		December 31, 2024
Deferred compensation assets	Prepaid expenses and other	$	1,805	$	5,742
Deferred compensation assets	Other assets	2,501		3,396
Deferred compensation obligations	Other current liabilities	1,805		5,742
Deferred compensation obligations	Other long-term liabilities	5,951		7,183