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Segment and Geographic Information
12 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment and Geographic Information

19. Segment and Geographic Information

The Company reports and evaluates financial information for two segments:  Seismic and Non-Seismic. Seismic product lines include land and marine wireless data acquisition systems, seabed reservoir characterization products and services, geophones and geophone strings, hydrophones, leader wire, connectors, telemetry cables, marine streamer retrieval and steering devices and various other products.  The Non-Seismic product lines include thermal imaging products and industrial products.  

The following tables summarize the Company’s segment information:

 

 

 

YEAR ENDED SEPTEMBER 30,

 

 

2015

 

 

2014

 

 

2013

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

Seismic

$

60,565

 

 

$

214,946

 

 

$

275,201

 

Non-Seismic

 

23,758

 

 

 

21,420

 

 

 

24,578

 

Corporate

 

544

 

 

 

546

 

 

 

828

 

Total

 

84,867

 

 

 

236,912

 

 

 

300,607

 

Income (loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

(42,732

)

 

 

65,159

 

 

 

110,118

 

Non-Seismic

 

3,031

 

 

 

2,733

 

 

 

3,344

 

Corporate

 

(12,854

)

 

 

(14,093

)

 

 

(12,235

)

Total

 

(52,555

)

 

 

53,799

 

 

 

101,227

 

Depreciation, amortization, goodwill impairment and stock-based compensation expenses:

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

23,696

 

 

 

19,925

 

 

 

11,207

 

Non-Seismic

 

505

 

 

 

468

 

 

 

289

 

Corporate

 

1,728

 

 

 

1,500

 

 

 

1,277

 

Total

 

25,929

 

 

 

21,893

 

 

 

12,773

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

280

 

 

 

74

 

 

 

781

 

Non-Seismic

 

7

 

 

 

5

 

 

 

2

 

Corporate

 

140

 

 

 

44

 

 

 

97

 

Total

 

427

 

 

 

123

 

 

 

880

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

 

 

 

 

 

141

 

Non-Seismic

 

 

 

 

 

 

 

 

Corporate

 

229

 

 

 

471

 

 

 

119

 

Total

 

229

 

 

 

471

 

 

 

260

 

 

The Company’s manufacturing operations for its Seismic and Non-Seismic business segments are combined. Therefore, the Company does not segregate and report separate balance sheet accounts for these segments. As a result, the Company does not report business segment balance sheet information.

“Corporate” revenue consists of rental revenue earned from an operating lease of a surplus building located in Houston, Texas. “Corporate” loss from operations primarily consists of the Company’s Houston headquarter general and administrative expenses.

The Company generates revenue from product sales and rentals from its subsidiaries located in the United States, Canada, Colombia, the Russian Federation and the United Kingdom. Revenue information for the Company is as follows (in thousands):

 

 

YEAR ENDED SEPTEMBER 30,

 

 

2015

 

 

2014

 

 

2013

 

United States

$

77,487

 

 

$

230,818

 

 

$

300,131

 

Canada

 

4,796

 

 

 

39,064

 

 

 

39,415

 

Colombia

 

609

 

 

 

3,222

 

 

 

608

 

Russian Federation

 

5,554

 

 

 

14,048

 

 

 

10,758

 

United Kingdom

 

2,644

 

 

 

2,229

 

 

 

2,021

 

Eliminations

 

(6,223

)

 

 

(52,469

)

 

 

(52,326

)

 

$

84,867

 

 

$

236,912

 

 

$

300,607

 

A summary of revenue by geographic area for fiscal years 2015, 2014 and 2013 is as follows (in thousands):

 

 

YEAR ENDED SEPTEMBER 30,

 

 

2015

 

 

2014

 

 

2013

 

Asia (excluding Middle East)

$

8,755

 

 

$

5,028

 

 

$

8,789

 

Canada

 

2,298

 

 

 

42,632

 

 

 

74,839

 

Europe

 

13,672

 

 

 

71,713

 

 

 

115,226

 

Middle East

 

2,024

 

 

 

7,550

 

 

 

2,385

 

United States

 

50,101

 

 

 

96,380

 

 

 

88,512

 

Other

 

8,017

 

 

 

13,609

 

 

 

10,856

 

 

$

84,867

 

 

$

236,912

 

 

$

300,607

 

Revenue is attributed to countries based on the ultimate destination of the product sold, if known. If the ultimate destination is not known, revenue is attributed to countries based on the geographic location of the initial shipment.

Long-lived assets were as follows (in thousands):

 

 

AS OF SEPTEMBER 30,

 

 

2015

 

  

2014

 

United States

$

70,170

  

  

$

63,369

  

Canada

 

19,323

  

  

 

32,270

  

Colombia

 

9,227

  

  

 

12,122

  

Russian Federation

 

1,215

  

  

 

2,549

  

United Kingdom

 

502

  

  

 

579

  

China

 

14

  

  

 

14

  

 

$

100,451

  

  

$

110,903

  

Amounts in the above table consist of non-current assets.