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Acquisition of OceanGeo (Tables)
9 Months Ended
Sep. 30, 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

Property, plant, equipment and seismic rental equipment, net
 
18,474

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 September 30, 2013
 
Nine Months Ended September 30,
 
2014
 
2013
Net revenues
 
$
79,838

 
$
381,902

 
$
362,157

Income (loss) from operations
 
$
(72,757
)
 
$
22,492

 
$
(66,997
)
Net income (loss)
 
$
(214,305
)
 
$
55,838

 
$
(277,612
)
Net income (loss) attributable to ION
 
$
(213,807
)
 
$
53,684

 
$
(277,097
)
Basic net income (loss) per common share
 
$
(1.40
)
 
$
0.33

 
$
(1.81
)
Diluted net income (loss) per common share
 
$
(1.40
)
 
$
0.33

 
$
(1.81
)