Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary of segment information

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

	Three Months Ended June 30,							Six Months Ended June 30,
	2020				2019			2020				2019
Net revenues:
E&P Technology & Services:
New Venture	$	4,686			$	5,018		$	6,127			$	18,489
Data Library	6,867				17,794			46,998				27,742
Total multi-client revenues	11,553				22,812			53,125				46,231
Imaging and Reservoir Services	3,673				5,711			8,615				9,395
Total	15,226				28,523			61,740				55,626
Operations Optimization:
Optimization Software & Services	3,377				5,720			7,804				10,753
Devices	4,128				7,532			9,601				12,352
Total	7,505				13,252			17,405				23,105
Total net revenues	$	22,731			$	41,775		$	79,145			$	78,731
Gross profit:
E&P Technology & Services	$	2,264			$	12,357		$	25,994			$	17,797
Operations Optimization	2,320				7,226			6,934				11,698
Total gross profit	$	4,584			$	19,583		$	32,928			$	29,495
Gross margin:
E&P Technology & Services	15		%		43		%	42		%		32		%
Operations Optimization	31		%	(a)	55		%	40		%	(a)	51		%
Total gross margin	20		%		47		%	42		%		37		%
Income (loss) from operations:
E&P Technology & Services	$	442			$	5,237		$	18,394		(b)	$	3,622
Operations Optimization	(474)				2,644			(3,733)			(c)	2,814
Support and other	(5,440)				(10,434)			(13,807)				(24,926)
Income (loss) from operations	(5,472)				(2,553)			854				(18,490)
Interest expense, net	(3,414)				(3,111)			(6,635)				(6,223)
Other income (expense), net	6,771			(d)	96			7,200			(d)	(696)
Income (loss) before income taxes	$	(2,115)			$	(5,568)		$	1,419			$	(25,409)

^(a)  Operations Optimization segment gross margin is negatively impacted by an out of period adjustment to cost of sales of $1.3 million for the three and six months ended June 30, 2020. Excluding this adjustment, gross margin would have been 48% and 47%, respectively, for the three and six months ended June 30, 2020. See “Out-of-Period Adjustments” below for further details.

^(b)  Includes impairment of multi-client data library of $1.2 million partly offset by a positive out of period adjustment of $1.0 million for the six months ended June 30, 2020. See “Out-of-Period Adjustments” below for further details.

^(c)  Includes impairment of goodwill of $4.2 million for the six months ended June 30, 2020.

^(d)  Includes amortization of the government relief funding expected to be forgiven of $6.9 million for the three and six months ended June 30, 2020.