Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates through four business segments – Solutions, Systems, Software and Ocean Bottom Services. The Company measures segment operating results based on income (loss) from operations. In addition, the Company has an equity ownership interest in its INOVA Geophysical joint venture. As of December 31, 2014, the Company wrote down its investment in INOVA Geophysical to zero and has suspended recording its share of losses in the joint venture. If at a future date, the Company’s cumulative share of earnings during the period of suspension becomes greater than its share of losses during the same period, the Company will begin to record its share of earnings in the joint venture as long as its net equity method investment remains greater than zero.

The following table is a summary of segment information (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Net revenues:
Solutions:
New Venture	$	3,636		$	25,315		$	8,665		$	58,053
Data Library	7,509			13,625			9,646			26,842
Total multi-client revenues	11,145			38,940			18,311			84,895
Data Processing	11,205			23,694			23,038			66,980
Total	$	22,350		$	62,634		$	41,349		$	151,875
Systems:
Towed Streamer	$	2,682		$	10,265		$	7,847		$	22,116
Other	4,992			12,140			12,596			25,137
Total	$	7,674		$	22,405		$	20,443		$	47,253
Software:
Software Systems	$	5,798		$	9,308		$	13,527		$	18,462
Services	973			1,225			2,054			2,110
Total	$	6,771		$	10,533		$	15,581		$	20,572
Ocean Bottom Services	$	—		$	25,908		$	—		$	46,478
Total	$	36,795		$	121,480		$	77,373		$	266,178
Gross profit (loss):
Solutions	$	(7,856	)	$	12,269		$	(18,248	)	$	45,280
Systems	1,500			9,748			6,059			21,165
Software	4,208			7,805			9,798			15,062
Ocean Bottom Services	(7,987		)	8,406			(23,532		)	13,575
Total	$	(10,135	)	$	38,228		$	(25,923	)	$	95,082
Gross margin:
Solutions	(35		)%	20		%	(44		)%	30		%
Systems	20		%	44		%	30		%	45		%
Software	62		%	74		%	63		%	73		%
Ocean Bottom Services	—		%	32		%	—		%	29		%
Total	(28		)%	31		%	(34		)%	36		%
Income (loss) from operations:
Solutions	$	(19,756	)	$	(1,419	)	$	(41,534	)	$	17,693
Systems	(2,379		)	3,547			(1,365		)	6,918
Software	2,095			5,630			5,430			10,758
Ocean Bottom Services	(10,008		)	6,494			(27,567		)	10,656
Corporate and other	(10,641		)	(10,467		)	(22,342		)	(22,569		)
Income (loss) from operations	(40,689		)	3,785			(87,378		)	23,456
Interest expense, net	(4,607		)	(4,934		)	(9,232		)	(9,731		)
Equity in losses of investments	—			(1,781		)	—			(3,469		)
Other income, net	101,600			6,066			98,381			74,592
Income before income taxes	$	56,304		$	3,136		$	1,771		$	84,848