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BUSINESS SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment information is as follows for the three months ended June 30, 2025:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$61,980 $66,862 $26,645 $155,487 
Cost of products sold45,730 52,903 20,052 118,685 
Gross profit16,250 13,959 6,593 36,802 
Stock-based compensation*238 — — 238 
General and administrative expenses6,327 3,028 852 10,207 
Selling and distribution expenses4,214 3,774 2,123 10,111 
Amortization of purchased intangible assets4,763 — — 4,763 
Restructuring expenses and asset impairments192 746 211 1,149 
Operating income516 6,411 3,407 10,334 
Unallocated corporate expenses(5,258)
Unallocated stock-based compensation*(1,179)
Other expense, net(346)
Interest expense, net(1,811)
Income before income taxes1,740 
Income tax provision1,419 
Net income$321 
 
Segment information is as follows for the six months ended June 30, 2025:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$127,560 $132,413 $54,804 $314,777 
Cost of products sold90,949 105,643 40,114 236,706 
Gross profit36,611 26,770 14,690 78,071 
Stock-based compensation*475 — — 475 
General and administrative expenses13,633 5,775 2,043 21,451 
Selling and distribution expenses8,948 8,250 4,407 21,605 
Amortization of purchased intangible assets9,526 — — 9,526 
Restructuring expenses and asset impairments517 746 211 1,474 
Operating income3,512 11,999 8,029 23,540 
Unallocated corporate expenses(10,625)
Unallocated stock-based compensation*(2,505)
Other expense, net(564)
Interest expense, net(3,510)
Income before income taxes6,336 
Income tax provision4,152 
Net income$2,184 
Segment information is as follows for the three months ended June 30, 2024:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$69,748 $76,210 $25,221 $171,179 
Cost of products sold46,591 61,077 16,999 124,667 
Gross profit23,157 15,133 8,222 46,512 
Stock-based compensation*281 — — 281 
General and administrative expenses7,564 3,011 1,023 11,598 
Selling and distribution expenses4,036 5,041 2,267 11,344 
Amortization of purchased intangible assets5,278 29 — 5,307 
Restructuring expenses and asset impairments279 — — 279 
Operating income5,719 7,052 4,932 17,703 
Unallocated corporate expenses(4,623)
Unallocated stock-based compensation*(1,395)
Other expense, net(284)
Interest expense, net(2,316)
Income before income taxes9,085 
Income tax provision2,792 
Net income$6,293 

Segment information is as follows for the six months ended June 30, 2024:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$131,673 $154,332 $52,043 $338,048 
Cost of products sold91,703 122,228 35,177 249,108 
Gross profit39,970 32,104 16,866 88,940 
Stock-based compensation*623 — — 623 
General and administrative expenses15,043 5,903 2,096 23,042 
Selling and distribution expenses8,339 10,263 4,738 23,340 
Amortization of purchased intangible assets10,555 44 — 10,599 
Restructuring expenses and asset impairments279 — — 279 
Operating income5,131 15,894 10,032 31,057 
Unallocated corporate expenses(10,154)
Unallocated stock-based compensation*(2,530)
Other expense, net(693)
Interest expense, net(4,633)
Income before income taxes13,047 
Income tax provision4,435 
Net income$8,612 

*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 June 30,Six months ended June 30,
2025202420252024
Depreciation and amortization:
Arcadia Products$5,779 $6,166 $11,548 $12,318 
DynaEnergetics1,822 1,700 3,613 3,397 
NobelClad781 790 1,575 1,570 
Segment depreciation and amortization8,382 8,656 16,736 17,285 
Corporate and other88 82 157 164 
Consolidated depreciation and amortization$8,470 $8,738 $16,893 $17,449 

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 June 30,Six months ended June 30,
 2025202420252024
West$50,171 $57,386 $106,531 108,151 
South5,820 7,697 10,994 13,311 
Northeast3,490 2,568 5,636 5,385 
Midwest2,499 2,097 4,399 4,826 
Total Arcadia Products$61,980 $69,748 $127,560 $131,673 

DynaEnergetics
 Three months ended June 30,Six months ended June 30,
 2025202420252024
United States$52,155 $56,922 $105,451 $116,992 
Canada4,053 6,680 7,866 13,111 
Ukraine2,126 — 2,365 1,237 
Indonesia1,422 1,087 2,536 1,442 
Oman805 2,442 2,844 4,511 
India266 3,201 266 6,143 
Rest of the world(1)
6,035 5,878 11,085 10,896 
Total DynaEnergetics$66,862 $76,210 $132,413 $154,332 

(1) Rest of the world does not include any individual country comprising sales greater than 3% of total DynaEnergetics revenue.
NobelClad
 Three months ended June 30,Six months ended June 30,
2025202420252024
United States$8,385 $14,627 $17,347 $26,988 
Germany5,401 830 15,151 1,865 
Canada2,804 2,037 5,037 7,472 
Belgium2,306 272 2,818 385 
South Korea1,471 432 1,720 524 
France1,094 835 1,501 1,699 
Saudi Arabia855 447 2,654 613 
Netherlands653 938 1,020 1,809 
China542 60 571 1,289 
United Arab Emirates441 599 1,416 1,155 
Bahrain268 326 310 982 
South Africa266 522 266 1,316 
Australia118 825 639 855 
Rest of the world (1)
2,041 2,471 4,354 5,091 
Total NobelClad$26,645 $25,221 $54,804 $52,043 

(1) Rest of the world does not include any individual country comprising sales greater than 3% of total NobelClad revenue.