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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 44,647 $ 42,851
Restricted cash 3,060 2,455
Accounts receivable, net 160,736 165,323
Deferred costs 13,941 22,766
Prepaid expenses 12,747 12,722
Other current assets 3,269 6,568
Total current assets 238,400 252,685
Property and equipment, net 212,636 266,404
Goodwill   131,299
Multi-client seismic data library, net 41,512 53,212
Deferred financing costs, net 12,987 11,794
Other assets, net 8,637 9,770
Total assets 514,172 725,164
Current liabilities:    
Short-term debt and current portion of long-term debt and capital lease obligations 4,543 1,634
Accounts payable 79,300 65,417
Accrued liabilities 79,836 75,694
Deferred revenue 32,675 49,537
Income taxes payable 18,969 15,997
Total current liabilities 215,323 208,279
Long-term debt and capital lease obligations, net of current portion 350,183 319,284
Deferred income taxes 8,062 16,169
Derivative liabilities 5,778 38,271
Mandatorily redeemable preferred stock 53,210 45,265
Other liabilities 1,122 1,122
Total liabilities 633,678 628,390
Commitments and contingencies      
Mezzanine equity:    
Preferred stock, Series B Senior Convertible, $10.00 par value; 2,500,000 shares authorized, 351,444 shares issued and outstanding as of December 31, 2011 and 319,174 shares issued and outstanding as of December 31, 2010 83,313 74,987
Stockholders' equity (deficit):    
Common stock, $.01 par value; 100,000,000 shares authorized, 19,289,489 shares issued and 18,990,290 shares outstanding as of December 31, 2011 and 18,118,290 shares issued and 17,804,459 shares outstanding as of December 31, 2010 193 179
Additional paid-in capital 228,410 230,977
Accumulated deficit (431,442) (209,389)
Accumulated other comprehensive income 20 20
Total stockholders' equity (deficit) (202,819) 21,787
Total liabilities, mezzanine and stockholders' equity (deficit) $ 514,172 $ 725,164