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Segment Information
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates through three business segments – Solutions, Systems and Software. The Company measures segment operating results based on income from operations. In addition, the Company has equity ownership interests in two joint ventures: INOVA Geophysical and OceanGeo B.V. (formerly known as GeoRXT B.V.) (“OceanGeo”). See Note 3Equity Method Investments” for the summarized financial information for INOVA Geophysical and OceanGeo.
A summary of segment information is as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Net revenues:
 
 
 
 
 
 
 
Solutions:
 
 
 
 
 
 
 
New Venture
$
11,945

 
$
40,817

 
$
93,630

 
$
91,355

Data Library
5,184

 
22,756

 
36,153

 
55,259

Total multi-client revenues
17,129

 
63,573

 
129,783

 
146,614

Data Processing
26,318

 
28,546

 
91,453

 
83,601

Total
$
43,447

 
$
92,119

 
$
221,236

 
$
230,215

Systems:
 
 
 
 
 
 
 
Towed Streamer
$
15,342

 
$
17,529

 
$
41,461

 
$
47,060

Ocean Bottom
159

 
7,969

 
7,307

 
13,104

Other
10,766

 
5,616

 
33,194

 
30,475

Total
$
26,267

 
$
31,114

 
$
81,962

 
$
90,639

Software:
 
 
 
 
 
 
 
Software Systems
$
8,892

 
$
12,186

 
$
24,297

 
$
30,107

Services
1,232

 
904

 
2,995

 
2,286

Total
$
10,124

 
$
13,090

 
$
27,292

 
$
32,393

Total
$
79,838

 
$
136,323

 
$
330,490

 
$
353,247

Gross profit (loss):






 
Solutions
$
(8,487
)
 
$
33,142

 
$
33,600

 
$
81,031

Systems
(13,987
)
 
12,731

 
3,195

 
37,777

Software
7,370

 
10,085

 
19,676

 
24,249

Total
$
(15,104
)
 
$
55,958

 
$
56,471

 
$
143,057

Gross margin:
 
 
 
 
 
 
 
Solutions
(20
)%
 
36
%
 
15
%
 
35
%
Systems
(53
)%
 
41
%
 
4
%
 
42
%
Software
73
 %
 
77
%
 
72
%
 
75
%
Total
(19
)%
 
41
%
 
17
%
 
40
%
Income (loss) from operations:
 
 
 
 
 
 
 
Solutions
$
(18,163
)
 
$
22,341

 
$
215

 
$
49,381

Systems
(23,610
)
 
6,335

 
(21,172
)
 
16,070

Software
6,280

 
9,186

 
16,396

 
21,547

Corporate and other
(21,035
)
 
(12,813
)
 
(43,274
)
 
(37,334
)
Income (loss) from operations
(56,528
)
 
25,049

 
(47,835
)
 
49,664

Interest expense, net
(4,281
)
 
(1,237
)
 
(8,103
)
 
(4,119
)
Equity in earnings (losses) of investments
(5,192
)
 
(1,684
)
 
(10,414
)
 
4,561

Other expense, net
(74,301
)
 
(936
)
 
(180,392
)
 
(727
)
Income (loss) before income taxes
$
(140,302
)
 
$
21,192

 
$
(246,744
)
 
$
49,379