Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates through four business segments – Solutions, Systems, Software and Ocean Bottom Services (the segment name for OceanGeo) – as well as through its INOVA Geophysical joint venture. See Note 4 “Equity Method Investments” for the summarized financial information for INOVA Geophysical. The Company measures segment operating results based on income from operations.

A summary of segment information is as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Net revenues:
Solutions:
New Venture	$	25,315		$	33,249		$	58,053		$	81,685
Data Library	13,625			21,521			26,842			30,969
Total multi-client revenues	38,940			54,770			84,895			112,654
Data Processing	23,694			33,849			66,980			65,135
Total	$	62,634		$	88,619		$	151,875		$	177,789
Systems:
Towed Streamer	$	10,265		$	12,570		$	22,116		$	26,119
Ocean Bottom Equipment	—			383			—			7,148
Other	12,140			10,895			25,137			22,428
Total	$	22,405		$	23,848		$	47,253		$	55,695
Software:
Software Systems	$	9,308		$	7,464		$	18,462		$	15,405
Services	1,225			984			2,110			1,763
Total	$	10,533		$	8,448		$	20,572		$	17,168
Ocean Bottom Services	$	25,908		$	—		$	46,478		$	—
Total	$	121,480		$	120,915		$	266,178		$	250,652
Gross profit:
Solutions	$	12,269		$	21,890		$	45,280		$	42,087
Systems	9,748			8,802			21,165			17,182
Software	7,805			5,926			15,062			12,306
Ocean Bottom Services	8,406			—			13,575			—
Total	$	38,228		$	36,618		$	95,082		$	71,575
Gross margin:
Solutions	20		%	25		%	30		%	24		%
Systems	44		%	37		%	45		%	31		%
Software	74		%	70		%	73		%	72		%
Ocean Bottom Services	32		%	—		%	29		%	—		%
Total	31		%	30		%	36		%	29		%
Income from operations:
Solutions	$	(1,419	)	$	11,021		$	17,693		$	18,378
Systems	3,547			1,504			6,918			2,438
Software	5,630			4,955			10,758			10,116
Ocean Bottom Services	6,494			—			10,656			—
Corporate and other	(10,467		)	(10,710		)	(22,569		)	(22,239		)
Income from operations	3,785			6,770			23,456			8,693
Interest expense, net	(4,934		)	(2,756		)	(9,731		)	(3,822		)
Equity in losses of investments	(1,781		)	(6,338		)	(3,469		)	(5,222		)
Other income (expense), net	6,066			(107,118		)	74,592			(106,091		)
Income (loss) before income taxes	$	3,136		$	(109,442	)	$	84,848		$	(106,442	)