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Share Name | Share Symbol | Market | Type |
---|---|---|---|
DMC Global Inc | NASDAQ:BOOM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 0.28% | 14.08 | 13.74 | 14.42 | 14.36 | 13.95 | 14.20 | 142,541 | 01:00:00 |
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Delaware
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84-0608431
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(State of Incorporation or Organization)
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(I.R.S. Employer Identification No.)
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Large accelerated filer
o
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Accelerated filer
x
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Non-accelerated filer
o
(Do not check if smaller reporting company)
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Smaller reporting company
o
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Page
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March 31,
|
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December 31,
|
||||
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2016
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2015
|
||||
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(unaudited)
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(as adjusted)
|
||||
ASSETS
|
|
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|
|
|
||
CURRENT ASSETS:
|
|
|
|
|
|
||
Cash and cash equivalents
|
$
|
5,595
|
|
|
$
|
6,291
|
|
Accounts receivable, net of allowance for doubtful accounts of $684 and $974, respectively
|
32,858
|
|
|
35,798
|
|
||
Inventory, net
|
36,578
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35,449
|
|
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Prepaid expenses and other
|
12,302
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8,916
|
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||||
Total current assets
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87,333
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86,454
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||||
PROPERTY, PLANT AND EQUIPMENT
|
109,594
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|
106,523
|
|
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Less - accumulated depreciation
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(50,834
|
)
|
|
(48,524
|
)
|
||
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|
||||
Property, plant and equipment, net
|
58,760
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|
57,999
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||
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||||
GOODWILL, net
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17,788
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|
17,190
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||||
PURCHASED INTANGIBLE ASSETS, net
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19,977
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|
20,418
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||
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||||
OTHER ASSETS, net
|
134
|
|
|
131
|
|
||
|
|
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|
||||
TOTAL ASSETS
|
$
|
183,992
|
|
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$
|
182,192
|
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|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
NET SALES
|
$
|
40,532
|
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$
|
40,819
|
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COST OF PRODUCTS SOLD
|
30,147
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30,116
|
|
||
Gross profit
|
10,385
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|
10,703
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|
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COSTS AND EXPENSES:
|
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|
||
General and administrative expenses
|
5,448
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|
|
6,038
|
|
||
Selling and distribution expenses
|
4,023
|
|
|
4,878
|
|
||
Amortization of purchased intangible assets
|
999
|
|
|
1,017
|
|
||
Restructuring expenses
|
—
|
|
|
1,996
|
|
||
Total costs and expenses
|
10,470
|
|
|
13,929
|
|
||
INCOME (LOSS) FROM OPERATIONS
|
(85
|
)
|
|
(3,226
|
)
|
||
OTHER INCOME (EXPENSE):
|
|
|
|
|
|
||
Other income (expense), net
|
32
|
|
|
1,124
|
|
||
Interest expense
|
(164
|
)
|
|
(182
|
)
|
||
Interest income
|
1
|
|
|
3
|
|
||
INCOME (LOSS) BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS
|
(216
|
)
|
|
(2,281
|
)
|
||
INCOME TAX PROVISION
|
197
|
|
|
96
|
|
||
NET INCOME (LOSS)
|
$
|
(413
|
)
|
|
$
|
(2,377
|
)
|
|
|
|
|
||||
INCOME (LOSS) PER SHARE
|
|
|
|
|
|
||
Basic
|
$
|
(0.03
|
)
|
|
$
|
(0.17
|
)
|
Diluted
|
$
|
(0.03
|
)
|
|
$
|
(0.17
|
)
|
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:
|
|
|
|
|
|
||
Basic
|
14,129,831
|
|
|
13,822,231
|
|
||
Diluted
|
14,129,831
|
|
|
13,822,231
|
|
||
|
|
|
|
||||
DIVIDENDS DECLARED PER COMMON SHARE
|
$
|
0.02
|
|
|
$
|
0.04
|
|
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Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
Net loss
|
$
|
(413
|
)
|
|
$
|
(2,377
|
)
|
|
|
|
|
||||
Change in cumulative foreign currency translation adjustment
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4,006
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(10,717
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)
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||
|
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||||
Total comprehensive income (loss)
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$
|
3,593
|
|
|
$
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(13,094
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)
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Other
|
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|||||||||||
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Additional
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Cumulative
|
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|
|||||||||||
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Common Stock
|
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Paid-In
|
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Retained
|
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Comprehensive
|
|
|
|||||||||||||
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Shares
|
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Amount
|
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Capital
|
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Earnings
|
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Loss
|
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Total
|
|||||||||||
Balances, December 31, 2015
|
14,212,115
|
|
|
$
|
711
|
|
|
$
|
70,408
|
|
|
$
|
87,767
|
|
|
$
|
(40,465
|
)
|
|
$
|
118,421
|
|
Net loss
|
—
|
|
|
—
|
|
|
—
|
|
|
(413
|
)
|
|
—
|
|
|
(413
|
)
|
|||||
Change in cumulative foreign currency translation adjustment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,006
|
|
|
4,006
|
|
|||||
Shares issued in connection with stock compensation plans
|
173,376
|
|
|
9
|
|
|
(9
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
Stock-based compensation
|
—
|
|
|
—
|
|
|
586
|
|
|
—
|
|
|
—
|
|
|
586
|
|
|||||
Dividends declared
|
—
|
|
|
—
|
|
|
—
|
|
|
(288
|
)
|
|
—
|
|
|
(288
|
)
|
|||||
Balances, March 31, 2016
|
14,385,491
|
|
|
$
|
720
|
|
|
$
|
70,985
|
|
|
$
|
87,066
|
|
|
$
|
(36,459
|
)
|
|
$
|
122,312
|
|
|
2016
|
|
2015
|
||||
CASH FLOWS FROM OPERATING ACTIVITIES:
|
|
|
|
|
|
||
Net income (loss)
|
$
|
(413
|
)
|
|
$
|
(2,377
|
)
|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
|
|
|
|
|
|
||
Depreciation (including capital lease amortization)
|
1,514
|
|
|
1,655
|
|
||
Amortization of purchased intangible assets
|
999
|
|
|
1,017
|
|
||
Amortization of deferred debt issuance costs
|
41
|
|
|
73
|
|
||
Stock-based compensation
|
586
|
|
|
724
|
|
||
Excess tax benefit from stock-based compensation
|
—
|
|
|
(23
|
)
|
||
Deferred income tax provision (benefit)
|
(290
|
)
|
|
(311
|
)
|
||
Gain on disposal of property, plant and equipment
|
(11
|
)
|
|
—
|
|
||
Restructuring charges
|
—
|
|
|
1,996
|
|
||
Change in:
|
|
|
|
|
|
||
Accounts receivable, net
|
3,612
|
|
|
3,979
|
|
||
Inventory, net
|
(325
|
)
|
|
(4,933
|
)
|
||
Prepaid expenses and other
|
(3,047
|
)
|
|
(618
|
)
|
||
Accounts payable
|
(927
|
)
|
|
(2,122
|
)
|
||
Customer advances
|
4,878
|
|
|
(1,301
|
)
|
||
Accrued expenses and other liabilities
|
(2,812
|
)
|
|
(1,591
|
)
|
||
Net cash provided by (used in) operating activities
|
3,805
|
|
|
(3,832
|
)
|
||
|
|
|
|
||||
CASH FLOWS FROM INVESTING ACTIVITIES:
|
|
|
|
|
|
||
Acquisition of property, plant and equipment
|
(435
|
)
|
|
(891
|
)
|
||
Proceeds on sale of property, plant and equipment
|
20
|
|
|
—
|
|
||
Net cash used in investing activities
|
(415
|
)
|
|
(891
|
)
|
||
|
|
|
|
||||
CASH FLOWS FROM FINANCING ACTIVITIES:
|
|
|
|
|
|
||
Borrowings (repayments) on bank lines of credit, net
|
(3,998
|
)
|
|
10,142
|
|
||
Payment on capital lease obligations
|
(2
|
)
|
|
(1
|
)
|
||
Payment of dividends
|
(284
|
)
|
|
(559
|
)
|
||
Payment of deferred debt issuance costs
|
—
|
|
|
(868
|
)
|
||
Net proceeds from issuance of common stock to employees and directors
|
—
|
|
|
10
|
|
||
Excess tax benefit from stock-based compensation
|
—
|
|
|
23
|
|
||
Net cash provided by (used in) financing activities
|
(4,284
|
)
|
|
8,747
|
|
||
|
|
|
|
||||
EFFECTS OF EXCHANGE RATES ON CASH
|
198
|
|
|
(485
|
)
|
||
|
|
|
|
||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
|
(696
|
)
|
|
3,539
|
|
||
CASH AND CASH EQUIVALENTS, beginning of the period
|
6,291
|
|
|
9,400
|
|
||
CASH AND CASH EQUIVALENTS, end of the period
|
$
|
5,595
|
|
|
$
|
12,939
|
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
Numerator:
|
|
|
|
||||
Loss from continuing operations
|
$
|
(413
|
)
|
|
$
|
(2,377
|
)
|
Less income allocated to RSAs
|
—
|
|
|
—
|
|
||
Net loss allocated to common stock for EPS calculation
|
(413
|
)
|
|
(2,377
|
)
|
||
|
|
|
|
||||
Denominator:
|
|
|
|
||||
Weighted average common shares outstanding - basic
|
14,129,831
|
|
|
13,822,231
|
|
||
Dilutive stock-based compensation plans
|
—
|
|
|
—
|
|
||
Weighted average common shares outstanding - diluted
|
14,129,831
|
|
|
13,822,231
|
|
||
|
|
|
|
||||
Net income (loss) allocated to common stock for EPS calculation:
|
|
|
|
||||
Basic
|
$
|
(0.03
|
)
|
|
$
|
(0.17
|
)
|
Diluted
|
$
|
(0.03
|
)
|
|
$
|
(0.17
|
)
|
|
March 31,
2016 |
|
December 31,
2015 |
||||
Raw materials
|
$
|
13,408
|
|
|
$
|
14,513
|
|
Work-in-process
|
8,427
|
|
|
8,112
|
|
||
Finished goods
|
14,262
|
|
|
12,320
|
|
||
Supplies
|
481
|
|
|
504
|
|
||
|
|
|
|
||||
|
$
|
36,578
|
|
|
$
|
35,449
|
|
|
NobelClad
|
||
Goodwill balance at December 31, 2015
|
$
|
17,190
|
|
Adjustment due to recognition of tax benefit of tax amortization of certain goodwill
|
(35
|
)
|
|
Adjustment due to exchange rate differences
|
633
|
|
|
|
|
||
Goodwill balance at March 31, 2016
|
$
|
17,788
|
|
|
Gross
|
|
Accumulated
Amortization
|
|
Net
|
||||||
Core technology
|
$
|
19,298
|
|
|
$
|
(8,141
|
)
|
|
$
|
11,157
|
|
Customer relationships
|
38,012
|
|
|
(29,451
|
)
|
|
8,561
|
|
|||
Trademarks / Trade names
|
2,070
|
|
|
(1,811
|
)
|
|
259
|
|
|||
|
|
|
|
|
|
||||||
Total intangible assets
|
$
|
59,380
|
|
|
$
|
(39,403
|
)
|
|
$
|
19,977
|
|
|
Gross
|
|
Accumulated
Amortization
|
|
Net
|
||||||
Core technology
|
$
|
18,524
|
|
|
$
|
(7,528
|
)
|
|
$
|
10,996
|
|
Customer relationships
|
36,830
|
|
|
(27,701
|
)
|
|
9,129
|
|
|||
Trademarks / Trade names
|
1,988
|
|
|
(1,695
|
)
|
|
293
|
|
|||
|
|
|
|
|
|
||||||
Total intangible assets
|
$
|
57,342
|
|
|
$
|
(36,924
|
)
|
|
$
|
20,418
|
|
|
March 31,
2016 |
|
December 31,
2015 |
||||
|
|
(as adjusted)
|
|||||
Syndicated credit agreement:
|
|
|
|
|
|
||
U.S. Dollar revolving loan
|
$
|
23,500
|
|
|
$
|
27,500
|
|
Euro revolving loan
|
—
|
|
|
—
|
|
||
|
|
|
|
||||
Long-term lines of credit
|
23,500
|
|
|
27,500
|
|
||
Less: debt issuance costs
|
633
|
|
|
674
|
|
||
Lines of credit
|
$
|
22,867
|
|
|
$
|
26,826
|
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
Net sales:
|
|
|
|
||||
NobelClad
|
$
|
25,052
|
|
|
$
|
23,944
|
|
DynaEnergetics
|
15,480
|
|
|
16,875
|
|
||
|
|
|
|
||||
Consolidated net sales
|
$
|
40,532
|
|
|
$
|
40,819
|
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
Income before income taxes:
|
|
|
|
||||
NobelClad
|
$
|
1,508
|
|
|
$
|
1,821
|
|
DynaEnergetics
|
920
|
|
|
(794
|
)
|
||
|
|
|
|
||||
Segment operating income
|
2,428
|
|
|
1,027
|
|
||
|
|
|
|
||||
Unallocated corporate expenses
|
(1,927
|
)
|
|
(3,016
|
)
|
||
Stock-based compensation
|
(586
|
)
|
|
(1,237
|
)
|
||
Other income (expense)
|
32
|
|
|
1,124
|
|
||
Interest expense
|
(164
|
)
|
|
(182
|
)
|
||
Interest income
|
1
|
|
|
3
|
|
||
|
|
|
|
||||
Income (loss) before income taxes and discontinued operations
|
$
|
(216
|
)
|
|
$
|
(2,281
|
)
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
Depreciation and amortization:
|
|
|
|
||||
NobelClad
|
$
|
932
|
|
|
$
|
1,157
|
|
DynaEnergetics
|
1,581
|
|
|
1,515
|
|
||
|
|
|
|
||||
Segment depreciation and amortization
|
$
|
2,513
|
|
|
$
|
2,672
|
|
|
Three months ended March 31, 2015
|
||||||||||||||||||||||
|
Severance
|
|
Asset Impairment
|
|
Contract Termination Costs
|
|
Equipment Moving Costs
|
|
Other Exit Costs
|
|
Total
|
||||||||||||
NobelClad
|
$
|
39
|
|
|
$
|
—
|
|
|
$
|
11
|
|
|
$
|
—
|
|
|
$
|
4
|
|
|
$
|
54
|
|
DynaEnergetics
|
146
|
|
|
202
|
|
|
—
|
|
|
32
|
|
|
2
|
|
|
382
|
|
||||||
Corporate
|
1,560
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,560
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Total
|
$
|
1,745
|
|
|
$
|
202
|
|
|
$
|
11
|
|
|
$
|
32
|
|
|
$
|
6
|
|
|
$
|
1,996
|
|
|
December 31, 2015
|
|
Expense
|
|
Payments
|
|
Other Adjustments
|
|
Balance at March 31, 2016
|
||||||||||
Severance
|
$
|
452
|
|
|
$
|
—
|
|
|
$
|
(365
|
)
|
|
$
|
13
|
|
|
$
|
100
|
|
Contract termination costs
|
282
|
|
|
—
|
|
|
(51
|
)
|
|
(14
|
)
|
|
217
|
|
|||||
Equipment moving costs
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
Other exit costs
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Total
|
$
|
734
|
|
|
$
|
—
|
|
|
$
|
(416
|
)
|
|
$
|
(1
|
)
|
|
$
|
317
|
|
|
|
Three months ended March 31,
|
|
|
|
|
|||||||||
|
|
2016
|
|
2015
|
|
$ change
|
|
% change
|
|||||||
Net sales
|
|
$
|
40,532
|
|
|
$
|
40,819
|
|
|
$
|
(287
|
)
|
|
(1
|
)%
|
Gross profit
|
|
10,385
|
|
|
10,703
|
|
|
(318
|
)
|
|
(3
|
)%
|
|||
Gross profit margin
|
|
25.6
|
%
|
|
26.2
|
%
|
|
|
|
|
|||||
COSTS AND EXPENSES:
|
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
5,448
|
|
|
6,038
|
|
|
(590
|
)
|
|
(10
|
)%
|
|||
% of net sales
|
|
13.4
|
%
|
|
14.8
|
%
|
|
|
|
|
|||||
Selling and distribution expenses
|
|
4,023
|
|
|
4,878
|
|
|
(855
|
)
|
|
(18
|
)%
|
|||
% of net sales
|
|
9.9
|
%
|
|
12.0
|
%
|
|
|
|
|
|||||
Amortization of purchased intangible assets
|
|
999
|
|
|
1,017
|
|
|
(18
|
)
|
|
(2
|
)%
|
|||
% of net sales
|
|
2.5
|
%
|
|
2.5
|
%
|
|
|
|
|
|||||
Restructuring charges
|
|
—
|
|
|
1,996
|
|
|
(1,996
|
)
|
|
(100
|
)%
|
|||
Operating income (loss)
|
|
(85
|
)
|
|
(3,226
|
)
|
|
3,141
|
|
|
(97
|
)%
|
|||
Other income (expense), net
|
|
32
|
|
|
1,124
|
|
|
(1,092
|
)
|
|
(97
|
)%
|
|||
Interest income (expense), net
|
|
(163
|
)
|
|
(179
|
)
|
|
16
|
|
|
(9
|
)%
|
|||
Income tax provision (benefit)
|
|
197
|
|
|
96
|
|
|
101
|
|
|
105
|
%
|
|||
Net income (loss)
|
|
(413
|
)
|
|
(2,377
|
)
|
|
1,964
|
|
|
(83
|
)%
|
|||
Adjusted EBITDA
|
|
$
|
3,014
|
|
|
$
|
2,166
|
|
|
$
|
848
|
|
|
39
|
%
|
|
|
Severance and benefits
|
|
Asset impairments
|
|
Contract termination
|
|
Equipment moving and other exit costs
|
|
Total
|
||||||||||
NobelClad restructuring
|
|
$
|
39
|
|
|
$
|
—
|
|
|
$
|
11
|
|
|
$
|
4
|
|
|
$
|
54
|
|
DynaEnergetics restructuring
|
|
146
|
|
|
202
|
|
|
—
|
|
|
34
|
|
|
382
|
|
|||||
Corporate restructuring
|
|
1,560
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,560
|
|
|||||
Total restructuring charges
|
|
$
|
1,745
|
|
|
$
|
202
|
|
|
$
|
11
|
|
|
$
|
38
|
|
|
$
|
1,996
|
|
|
|
Three months ended March 31,
|
||||||
|
|
2016
|
|
2015
|
||||
Net loss attributable to DMC
|
|
$
|
(413
|
)
|
|
$
|
(2,377
|
)
|
Interest expense
|
|
164
|
|
|
182
|
|
||
Interest income
|
|
(1
|
)
|
|
(3
|
)
|
||
Provision for income taxes
|
|
197
|
|
|
96
|
|
||
Depreciation
|
|
1,514
|
|
|
1,655
|
|
||
Amortization of purchased intangible assets
|
|
999
|
|
|
1,017
|
|
||
EBITDA
|
|
2,460
|
|
|
570
|
|
||
Restructuring charges
|
|
—
|
|
|
1,996
|
|
||
Stock-based compensation
|
|
586
|
|
|
724
|
|
||
Other (income) expense, net
|
|
(32
|
)
|
|
(1,124
|
)
|
||
Adjusted EBITDA
|
|
$
|
3,014
|
|
|
$
|
2,166
|
|
|
|
Three months ended March 31,
|
|
|
|
|
|||||||||
|
|
2016
|
|
2015
|
|
$ change
|
|
% change
|
|||||||
Net sales
|
|
$
|
25,052
|
|
|
$
|
23,944
|
|
|
$
|
1,108
|
|
|
5
|
%
|
Gross profit
|
|
3,967
|
|
|
4,550
|
|
|
(583
|
)
|
|
(13
|
)%
|
|||
Gross profit margin
|
|
15.8
|
%
|
|
19.0
|
%
|
|
|
|
|
|||||
COSTS AND EXPENSES:
|
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
985
|
|
|
1,250
|
|
|
(265
|
)
|
|
(21
|
%)
|
|||
Selling and distribution expenses
|
|
1,379
|
|
|
1,328
|
|
|
51
|
|
|
4
|
%
|
|||
Amortization of purchased intangible assets
|
|
94
|
|
|
96
|
|
|
(2
|
)
|
|
(2
|
)%
|
|||
Restructuring expenses
|
|
—
|
|
|
54
|
|
|
(54
|
)
|
|
(100
|
)%
|
|||
Operating income (loss)
|
|
1,508
|
|
|
1,821
|
|
|
(313
|
)
|
|
(17
|
)%
|
|||
Adjusted EBITDA
|
|
$
|
2,440
|
|
|
$
|
3,032
|
|
|
$
|
(592
|
)
|
|
(20
|
)%
|
|
|
Three months ended March 31,
|
||||||
|
|
2016
|
|
2015
|
||||
Income from operations
|
|
$
|
1,508
|
|
|
$
|
1,821
|
|
Adjustments:
|
|
|
|
|
||||
Restructuring
|
|
—
|
|
|
54
|
|
||
Depreciation
|
|
838
|
|
|
1,061
|
|
||
Amortization of purchased intangibles
|
|
94
|
|
|
96
|
|
||
Adjusted EBITDA
|
|
$
|
2,440
|
|
|
$
|
3,032
|
|
|
|
Three months ended March 31,
|
|
|
|
|
|||||||||
|
|
2016
|
|
2015
|
|
$ change
|
|
% change
|
|||||||
Net sales
|
|
$
|
15,480
|
|
|
$
|
16,875
|
|
|
$
|
(1,395
|
)
|
|
(8
|
)%
|
Gross profit
|
|
6,466
|
|
|
6,201
|
|
|
265
|
|
|
4
|
%
|
|||
Gross profit margin
|
|
41.8
|
%
|
|
36.7
|
%
|
|
|
|
|
|||||
COSTS AND EXPENSES:
|
|
|
|
|
|
|
|
|
|||||||
General and administrative expenses
|
|
2,062
|
|
|
2,215
|
|
|
(153
|
)
|
|
(7
|
%)
|
|||
Selling and distribution expenses
|
|
2,579
|
|
|
3,478
|
|
|
(899
|
)
|
|
(26
|
)%
|
|||
Amortization of purchased intangible assets
|
|
905
|
|
|
921
|
|
|
(16
|
)
|
|
(2
|
)%
|
|||
Restructuring expenses
|
|
—
|
|
|
382
|
|
|
(382
|
)
|
|
(100
|
)%
|
|||
Operating income (loss)
|
|
920
|
|
|
(794
|
)
|
|
1,714
|
|
|
(216
|
)%
|
|||
Adjusted EBITDA
|
|
$
|
2,501
|
|
|
$
|
1,103
|
|
|
$
|
1,398
|
|
|
127
|
%
|
|
|
Three months ended March 31,
|
||||||
|
|
2016
|
|
2015
|
||||
Income (loss) from operations
|
|
$
|
920
|
|
|
$
|
(794
|
)
|
Adjustments:
|
|
|
|
|
||||
Restructuring
|
|
—
|
|
|
382
|
|
||
Depreciation
|
|
676
|
|
|
594
|
|
||
Amortization of purchased intangibles
|
|
905
|
|
|
921
|
|
||
Adjusted EBITDA
|
|
$
|
2,501
|
|
|
$
|
1,103
|
|
•
|
Revise, as necessary, the process and internal controls to compile and review deferred tax account balances and their impact on the income tax provision.
|
•
|
Add internal and external resources focused on the preparation and review of the tax accounts.
|
•
|
Provide income tax accounting training.
|
|
|
|
|
DYNAMIC MATERIALS CORPORATION
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
Date:
|
April 28, 2016
|
|
/s/ Michael Kuta
|
|
|
|
Michael Kuta, Chief Financial Officer (Duly Authorized Officer and Principal Financial and Accounting Officer)
|
1 Year DMC Global Chart |
1 Month DMC Global Chart |
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