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Selected Quarterly Information (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Information (Unaudited)
Selected Quarterly Information — (Unaudited)
A summary of selected quarterly information is as follows (in thousands, except per share amounts):
 
Three Months Ended
Year Ended December 31, 2012
March 31
 
June 30
 
September 30
 
December 31
Service revenues
$
66,634

 
$
72,844

 
$
93,023

 
$
122,082

Product revenues
45,076

 
32,370

 
43,300

 
50,988

Total net revenues
111,710

 
105,214

 
136,323

 
173,070

Gross profit
41,156

 
45,943

 
55,958

 
72,744

Income from operations
11,643

 
12,972

 
25,049

 
24,863

Interest expense, net
(1,518
)
 
(1,364
)
 
(1,237
)
 
(1,146
)
Equity in earnings (losses) of INOVA Geophysical
2,468

 
3,777

 
(1,684
)
 
(4,264
)
Other income (expense)
(686
)
 
895

 
(936
)
 
17,851

Income tax expense
3,445

 
4,184

 
6,037

 
10,191

Net income attributable to noncontrolling interests
113

 
281

 
42

 
53

Preferred stock dividends
338

 
338

 
338

 
338

Net income applicable to common shares
$
8,237

 
$
12,039

 
$
14,859

 
$
26,828

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.05

 
$
0.08

 
$
0.10

 
$
0.17

Diluted
$
0.05

 
$
0.08

 
$
0.09

 
$
0.17

 
Three Months Ended
Year Ended December 31, 2011
March 31
 
June 30
 
September 30
 
December 31
Service revenues
$
58,165

 
$
49,516

 
$
73,894

 
$
84,011

Product revenues
32,387

 
39,016

 
41,760

 
75,872

Total net revenues
90,552

 
88,532

 
115,654

 
159,883

Gross profit
31,139

 
33,631

 
44,058

 
64,617

Income from operations
6,071

 
8,800

 
18,496

 
33,428

Interest expense, net
(1,615
)
 
(1,187
)
 
(1,382
)
 
(1,600
)
Equity in losses of INOVA Geophysical
(860
)
 
(4,173
)
 
(4,811
)
 
(13,018
)
Other income (expense)
(2,999
)
 
497

 
199

 
(1,144
)
Income tax expense
147

 
1,085

 
3,484

 
5,420

Net income attributable to noncontrolling interests
25

 
44

 
34

 
105

Preferred stock dividends
338

 
338

 
338

 
338

Net income applicable to common shares
$
137

 
$
2,558

 
$
8,714

 
$
12,013

Net income per share:
 
 
 
 
 
 
 
Basic
$

 
$
0.02

 
$
0.06

 
$
0.08

Diluted
$

 
$
0.02

 
$
0.06

 
$
0.08