Segment Reporting

12 Months Ended

Jan. 31, 2014

Segment Reporting [Abstract]

Segment Reporting

14. 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.

The Seamap segment 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, 2014								As of January 31, 2013						As of January 31, 2012
	Equipment Leasing			Seamap		Consolidated			Equipment Leasing		Seamap		Consolidated		Equipment Leasing			Seamap		Consolidated
Fixed assets, net	$	128,847		$	726	$	129,573		$	118,801	$	807	$	119,608	$	119,824		$	553	$	120,377
Intangible assets, net		1,529			1,672		3,201			2,111		1,878		3,989		2,511			2,185		4,696
Goodwill		—			4,320		4,320			—		4,320		4,320		—			4,320		4,320
Total Assets		183,911			21,814		205,419			171,971		18,578		190,407		175,930			22,630		198,229
	Years Ended January 31,
	2014								2013						2012
	Equipment Leasing			Seamap		Consolidated			Equipment Leasing		Seamap		Consolidated		Equipment Leasing			Seamap		Consolidated
Revenues	$	67,022		$	25,252	$	92,108		$	73,516	$	32,210	$	104,685	$	84,428		$	28,703	$	112,834
Interest income (expense), net		(12	)		2		(10	)		11		—		11		(397	)		1		(396	)
Income before taxes		1,087			4,720		6,026			2,865		10,835		13,524		24,081			10,195		34,330
Capital expenditures		43,663			395		44,058			45,181		478		45,659		63,198			469		63,667
Depreciation and amortization expense		30,353			684		31,037			34,320		619		34,939		28,215			559		28,774

Approximately $166,000, $1,041,000 and $297,000 related to sales from Seamap to the Equipment Leasing segment is eliminated in the consolidated revenues for the fiscal years ended January 31, 2014, 2013 and 2012, respectively. Capital expenditures and fixed assets are reduced by approximately $32,000, $349,000 and $272,000 for the fiscal years ended January 31, 2014, 2013 and 2012, respectively, which represents the difference between the sales price and the cost to manufacture the equipment.

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

	Years Ended January 31,
	2014		2013			2012
Equipment Leasing	$	1,087	$	2,865		$	24,081
Seamap		4,720		10,835			10,195
Reconciling items:
Elimination of (profit) loss from inter-company sales		219		(176	)		54
Consolidated income before taxes	$	6,026	$	13,524		$	34,330