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Segment and Geographic Information
12 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment and Geographic Information

21. Segment and Geographic Information

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

The following tables summarize the Company’s segment information:

 

 

 

YEAR ENDED SEPTEMBER 30,

 

 

 

2016

 

 

2015

 

 

2014

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

$

33,792

 

 

$

60,565

 

 

$

214,946

 

Non-seismic

 

 

27,708

 

 

 

23,758

 

 

 

21,420

 

Corporate

 

 

560

 

 

 

544

 

 

 

546

 

Total

 

 

62,060

 

 

 

84,867

 

 

 

236,912

 

Income (loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

(47,690

)

 

 

(42,732

)

 

 

65,159

 

Non-seismic

 

 

4,093

 

 

 

3,031

 

 

 

2,733

 

Corporate

 

 

(11,913

)

 

 

(12,854

)

 

 

(14,093

)

Total

 

 

(55,510

)

 

 

(52,555

)

 

 

53,799

 

Depreciation, impairment, inventory obsolescence

   and stock-based compensation expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

34,945

 

 

 

23,696

 

 

 

19,925

 

Non-seismic

 

 

746

 

 

 

505

 

 

 

468

 

Corporate

 

 

1,847

 

 

 

1,728

 

 

 

1,500

 

Total

 

 

36,538

 

 

 

25,929

 

 

 

21,893

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

161

 

 

 

280

 

 

 

74

 

Non-seismic

 

 

3

 

 

 

7

 

 

 

5

 

Corporate

 

 

212

 

 

 

140

 

 

 

44

 

Total

 

 

376

 

 

 

427

 

 

 

123

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

 

 

 

 

 

 

 

Non-seismic

 

 

 

 

 

 

 

 

 

Corporate

 

 

26

 

 

 

229

 

 

 

471

 

Total

 

 

26

 

 

 

229

 

 

 

471

 

 

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 has not presented business segment balance sheet information in the table above.

“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,

 

 

 

2016

 

 

2015

 

 

2014

 

United States

 

$

56,094

 

 

$

77,487

 

 

$

230,818

 

Canada

 

 

3,028

 

 

 

4,796

 

 

 

39,064

 

Colombia

 

 

556

 

 

 

609

 

 

 

3,222

 

Russian Federation

 

 

4,254

 

 

 

5,554

 

 

 

14,048

 

United Kingdom

 

 

2,120

 

 

 

2,644

 

 

 

2,229

 

Eliminations

 

 

(3,992

)

 

 

(6,223

)

 

 

(52,469

)

 

 

$

62,060

 

 

$

84,867

 

 

$

236,912

 

 

A summary of revenue by geographic area for fiscal years 2016, 2015 and 2014 is as follows (in thousands):

 

 

 

YEAR ENDED SEPTEMBER 30,

 

 

 

2016

 

 

2015

 

 

2014

 

Asia (including Middle East)

 

$

18,745

 

 

$

8,755

 

 

$

5,028

 

Canada

 

 

3,048

 

 

 

2,298

 

 

 

42,632

 

Europe

 

 

4,219

 

 

 

13,672

 

 

 

71,713

 

Middle East

 

 

1,749

 

 

 

2,024

 

 

 

7,550

 

United States

 

 

32,317

 

 

 

50,101

 

 

 

96,380

 

Other

 

 

1,982

 

 

 

8,017

 

 

 

13,609

 

 

 

$

62,060

 

 

$

84,867

 

 

$

236,912

 

 

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,

 

 

 

2016

 

 

2015

 

United States

 

$

62,921

 

 

$

70,170

 

Canada

 

 

11,911

 

 

 

19,323

 

Colombia

 

 

3,487

 

 

 

9,227

 

Russian Federation

 

 

1,498

 

 

 

1,215

 

United Kingdom

 

 

391

 

 

 

502

 

China

 

 

14

 

 

 

14

 

 

 

$

80,222

 

 

$

100,451