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Acquisition of Controlling Interest in OceanGeo (Tables)
3 Months Ended
Mar. 31, 2014
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the fair value assigned to the assets acquired and liabilities assumed, as well as the noncontrolling interest, at the acquisition date (in thousands):
Estimated Fair Value of Assets Acquired and Liabilities Assumed:
 
 
Cash and cash equivalents
 
$
609

Accounts receivable
 
9,247

Prepaid expenses and other current assets
 
1,433

Multi-client data library
 
3,876

Property, plant, equipment and seismic rental equipment, net
 
14,598

Other assets
 
2,227

Total identifiable assets
 
31,990

Accounts payable and accrued liabilities
 
(13,464
)
Bank loans
 
(6,135
)
Other liabilities
 
(1,026
)
Net assets
 
11,365

Noncontrolling interest
 
(3,410
)
Total consideration
 
$
7,955

Business Acquisition, Pro Forma Information
Amounts presented below are in thousands, except for the per share amounts:
Pro forma Consolidated ION Income Statement Information
 
Three Months Ended March 31,
2014
 
2013
Net revenues
 
$
153,882

 
$
147,706

Income from operations
 
$
23,747

 
$
4,291

Net income
 
$
77,968

 
$
4,010

Net income attributable to ION
 
$
76,821

 
$
3,164

Basic net income per common share
 
$
0.47

 
$
0.02

Diluted net income per common share
 
$
0.47

 
$
0.02