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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Condensed Consolidated Statements of Operations [Abstract]        
Product revenues $ 32,370 $ 39,016 $ 77,446 $ 71,403
Service revenues 72,844 49,516 139,478 107,681
Total net revenues 105,214 88,532 216,924 179,084
Cost of products 15,950 17,624 39,098 32,263
Cost of services 43,321 37,277 90,727 82,051
Gross profit 45,943 33,631 87,099 64,770
Operating expenses:        
Research, development and engineering 10,306 5,906 18,032 11,745
Marketing and sales 8,654 7,838 16,071 14,880
General and administrative 14,011 11,087 28,381 23,274
Total operating expenses 32,971 24,831 62,484 49,899
Income from operations 12,972 8,800 24,615 14,871
Interest expense, net (1,364) (1,187) (2,882) (2,802)
Equity in earnings (losses) of INOVA Geophysical 3,777 (4,173) 6,245 (5,033)
Other income (expense) 895 497 209 (2,502)
Income before income taxes 16,280 3,937 28,187 4,534
Income tax expense 4,184 1,085 7,629 1,232
Net income 12,096 2,852 20,558 3,302
Net income attributable to noncontrolling interest 281 44 394 69
Net income attributable to ION 12,377 2,896 20,952 3,371
Preferred stock dividends 338 338 676 676
Net income applicable to common shares $ 12,039 $ 2,558 $ 20,276 $ 2,695
Net income per share:        
Basic $ 0.08 $ 0.02 $ 0.13 $ 0.02
Diluted $ 0.08 $ 0.02 $ 0.13 $ 0.02
Weighted average number of common shares outstanding:        
Basic 155,631 155,096 155,587 154,385
Diluted 162,575 156,553 162,594 156,058