XML 44 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment and Geographic Information
12 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment and Geographic Information

20. 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,

 

 

 

2017

 

 

2016

 

 

2015

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

$

47,109

 

 

$

33,792

 

 

$

60,565

 

Non-seismic

 

 

26,027

 

 

 

27,708

 

 

 

23,758

 

Corporate

 

 

585

 

 

 

560

 

 

 

544

 

Total

 

 

73,721

 

 

 

62,060

 

 

 

84,867

 

Income (loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

(46,902

)

 

 

(47,690

)

 

 

(42,732

)

Non-seismic

 

 

4,153

 

 

 

4,093

 

 

 

3,031

 

Corporate

 

 

(11,574

)

 

 

(11,913

)

 

 

(12,854

)

Total

 

 

(54,323

)

 

 

(55,510

)

 

 

(52,555

)

Depreciation, impairment, inventory obsolescence

   and stock-based compensation expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

47,620

 

 

 

34,945

 

 

 

23,696

 

Non-seismic

 

 

785

 

 

 

746

 

 

 

505

 

Corporate

 

 

1,895

 

 

 

1,847

 

 

 

1,728

 

Total

 

 

50,300

 

 

 

37,538

 

 

 

25,929

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

311

 

 

 

161

 

 

 

280

 

Non-seismic

 

 

 

 

 

3

 

 

 

7

 

Corporate

 

 

342

 

 

 

212

 

 

 

140

 

Total

 

 

653

 

 

 

376

 

 

 

427

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Seismic

 

 

 

 

 

 

 

 

 

Non-seismic

 

 

 

 

 

 

 

 

 

Corporate

 

 

39

 

 

 

26

 

 

 

229

 

Total

 

 

39

 

 

 

26

 

 

 

229

 

 

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,

 

 

 

2017

 

 

2016

 

 

2015

 

United States

 

$

60,696

 

 

$

56,094

 

 

$

77,487

 

Canada

 

 

12,157

 

 

 

3,028

 

 

 

4,796

 

Colombia

 

 

558

 

 

 

556

 

 

 

609

 

Russian Federation

 

 

2,566

 

 

 

4,254

 

 

 

5,554

 

United Kingdom

 

 

2,892

 

 

 

2,120

 

 

 

2,644

 

Eliminations

 

 

(5,148

)

 

 

(3,992

)

 

 

(6,223

)

 

 

$

73,721

 

 

$

62,060

 

 

$

84,867

 

 

A summary of revenue by geographic area for fiscal years 2017, 2016 and 2015 is as follows (in thousands):

 

 

 

YEAR ENDED SEPTEMBER 30,

 

 

 

2017

 

 

2016

 

 

2015

 

Asia (excluding Middle East)

 

$

7,924

 

 

$

18,745

 

 

$

8,755

 

Canada

 

 

11,318

 

 

 

3,048

 

 

 

2,298

 

Europe

 

 

3,883

 

 

 

4,219

 

 

 

13,672

 

Middle East

 

 

609

 

 

 

1,749

 

 

 

2,024

 

United States

 

 

47,966

 

 

 

32,317

 

 

 

50,101

 

Other

 

 

2,021

 

 

 

1,982

 

 

 

8,017

 

 

 

$

73,721

 

 

$

62,060

 

 

$

84,867

 

 

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,

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

 

 

 

 

(Restated)

 

 

(Restated)

 

United States

 

$

108,021

 

 

$

136,617

 

 

$

162,548

 

Canada

 

 

7,325

 

 

 

11,911

 

 

 

19,323

 

Colombia

 

 

1,747

 

 

 

3,487

 

 

 

9,227

 

Russian Federation

 

 

1,461

 

 

 

1,498

 

 

 

1,215

 

United Kingdom

 

 

502

 

 

 

391

 

 

 

502

 

China

 

 

14

 

 

 

14

 

 

 

14

 

 

 

$

119,070

 

 

$

153,918

 

 

$

192,829