Segment Reporting

12 Months Ended

Jan. 31, 2012

Segment Reporting/Sales and Major Customers [Abstract]

Segment Reporting

14. Segment Reporting

The following information is disclosed as required by ASC 280, Segment Reporting.

The Equipment Leasing segment offers for lease or sale, new and “experienced” seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities. The Equipment Leasing segment is headquartered in Huntsville, Texas, with sales and services offices in Calgary, Canada; Brisbane, Australia; Ufa, Bashkortostan, Russia.

Seamap is engaged in the design, manufacture and sale of state-of-the-art seismic and offshore telemetry systems. Manufacturing, support and sales facilities are maintained in the UK and Singapore with a sales office in Huntsville, Texas.

Financial information by business segment is set forth below net of any allocations (in thousands):

	As of January 31, 2012						As of January 31, 2011						As of January 31, 2010
	Equipment Leasing		Seamap		Consolidated		Equipment Leasing		Seamap		Consolidated		Equipment Leasing		Seamap		Consolidated
Fixed assets, net	$	116,793	$	3,584	$	120,377	$	78,586	$	509	$	79,095	$	66,214	$	661	$	66,482
Intangible assets, net		2,511		2,185		4,696		2,936		2,422		5,358		—		2,678		2,678
Goodwill		—		4,320		4,320		—		4,320		4,320		—		4,320		4,320

	For the Years Ended
	January 31, 2012								January 31, 2011							January 31, 2010
	Equipment Leasing			Seamap		Consolidated			Equipment Leasing			Seamap			Consolidated		Equipment Leasing			Seamap		Consolidated
Revenues	$	84,428		$	28,703	$	112,834		$	50,018		$	22,462		$71,363		$	34,605		$	20,993	$	55,172
Interest income (expense), net		(397	)		1		(396	)		(470	)		(3	)	(473)			(418	)		3		(415	)
Income (loss) before taxes		24,081			10,195		34,330			1,527			5,402		6,794			(4,293	)		5,832		639
Capital expenditures		63,198			469		63,667			32,876			243		33,119			27,130			56		27,186
Depreciation and amortization expense		28,215			559		28,774			22,120			597		22,717			18,013			727		18,740

Approximately $297,000, $1,117,000 and $426,000 related to sales from Seamap to the Equipment Leasing segment is eliminated in the consolidated revenues for the fiscal years 2012, 2011 and 2010, respectively. Capital expenditures and fixed assets are reduced by approximately $272,000, $292,000 and $37,000 for the fiscal years 2012, 2011 and 2010, respectively, which represents the difference between the sales price and the cost to manufacture the equipment.

A reconciliation of income (loss) before taxes is as follows (in thousands):

	Years ended January 31,
	2012		2011			2010
Equipment Leasing	$	24,081	$	1,527		$	(4,293	)
Seamap		10,195		5,402			5,832
Reconciling items:
Elimination of (profit) loss from inter-company sales		54		(135	)		19
Foreign exchange (gain) loss on inter-company transactions of a long-term investment nature		—		—			(914	)
Other		—		—			(5	)
Consolidated income before taxes	$	34,330	$	6,794		$	639