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Segment Information
9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Net revenues:
 
 
 
 
 
 
 
Solutions:
 
 
 
 
 
 
 
New Venture
$
26,650

 
$
18,446

 
$
35,315

 
$
76,499

Data Library
15,302

 
3,262

 
24,948

 
30,104

Total multi-client revenues
41,952

 
21,708

 
60,263

 
106,603

Data Processing
10,693

 
24,151

 
33,731

 
91,131

Total
$
52,645

 
$
45,859

 
$
93,994

 
$
197,734

Systems:
 
 
 
 
 
 
 
Towed Streamer
$
4,426

 
$
13,666

 
$
12,273

 
$
35,782

Other
2,864

 
11,029

 
15,460

 
36,166

Total
$
7,290

 
$
24,695

 
$
27,733

 
$
71,948

Software:
 
 
 
 
 
 
 
Software Systems
$
5,869

 
$
9,922

 
$
19,396

 
$
28,384

Services
870

 
1,088

 
2,924

 
3,198

Total
$
6,739

 
$
11,010

 
$
22,320

 
$
31,582

Ocean Bottom Services
$

 
$
24,976

 
$

 
$
71,454

Total
$
66,674

 
$
106,540

 
$
144,047

 
$
372,718

Gross profit (loss):






 
Solutions
$
11,294

 
$
5,927

 
$
(6,954
)
 
$
51,207

Systems
1,366

 
10,123

 
7,425

 
31,288

Software
4,399

 
8,326

 
14,197

 
23,388

Ocean Bottom Services
(5,951
)
 
4,847

 
(29,483
)
 
18,422

Total
$
11,108

 
$
29,223

 
$
(14,815
)
 
$
124,305

Gross margin:
 
 
 
 
 
 
 
Solutions
21
%
 
13
%
 
(7
)%
 
26
%
Systems
19
%
 
41
%
 
27
 %
 
43
%
Software
65
%
 
76
%
 
64
 %
 
74
%
Ocean Bottom Services
%
 
19
%
 
 %
 
26
%
Total
17
%
 
27
%
 
(10
)%
 
33
%
Income (loss) from operations:
 
 
 
 
 
 
 
Solutions
$
768

 
$
(5,960
)
 
$
(40,766
)
 
$
11,733

Systems
(1,295
)
 
2,917

 
(2,660
)
 
9,835

Software
2,444

 
6,227

 
7,874

 
16,985

Ocean Bottom Services
(7,289
)
 
1,677

 
(34,856
)
 
12,333

Corporate and other
(7,502
)
 
(10,210
)
 
(29,844
)
 
(32,779
)
Income (loss) from operations
(12,874
)
 
(5,349
)
 
(100,252
)
 
18,107

Interest expense, net
(4,854
)
 
(5,048
)
 
(14,086
)
 
(14,779
)
Equity in losses of investments

 
(5,558
)
 

 
(9,027
)
Other income (expense), net
(346
)
 
(622
)
 
98,035

 
73,970

Income (loss) before income taxes
$
(18,074
)
 
$
(16,577
)
 
$
(16,303
)
 
$
68,271