Segment Reporting

12 Months Ended

Jan. 31, 2015

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; Singapore; Brisbane, Australia; Ufa, and 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, 2015						As of January 31, 2014						As of January 31, 2013
	Equipment Leasing		Seamap		Consolidated		Equipment Leasing		Seamap		Consolidated		Equipment Leasing		Seamap		Consolidated
Fixed assets, net	$	98,964	$	1,123	$	100,087	$	128,847	$	726	$	129,573	$	118,801	$	807	$	119,608
Intangible assets, net		1,006		9,825		10,831		1,529		1,672		3,201		2,111		1,878		3,989
Goodwill		—		5,594		5,594		—		4,320		4,320		—		4,320		4,320
Total Assets		148,985		30,982		179,611		183,911		21,814		205,419		171,971		18,578		190,407

	Years Ended January 31,
	2015									2014								2013
	Equipment Leasing			Seamap			Consolidated			Equipment Leasing			Seamap		Consolidated			Equipment Leasing		Seamap		Consolidated
Revenues	$	59,830		$	23,805		$	83,146		$	67,022		$	25,252	$	92,108		$	73,516	$	32,210	$	104,685
Interest income (expense), net		(549	)		(124	)		(673	)		(12	)		2		(10	)		11		—		11
Income before taxes		(12,373	)		2,271			(10,186	)		1,087			4,720		6,026			2,865		10,835		13,524
Capital expenditures		15,874			18,526			34,400			43,663			395		44,058			45,181		478		45,659
Depreciation and amortization expense		35,472			1,514			36,986			30,353			684		31,037			34,320		619		34,939

Approximately $489,000, $166,000 and $1,041,000 related to sales from Seamap to the Equipment Leasing segment is eliminated in the consolidated revenues for the fiscal years ended January 31, 2015, 2014 and 2013, respectively. Capital expenditures and fixed assets are reduced by approximately $192,000, $32,000 and $349,000 for the fiscal years ended January 31, 2015, 2014 and 2013, 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,
	2015			2014		2013
Equipment Leasing	$	(12,373	)	$	1,087	$	2,865
Seamap		2,271			4,720		10,835
Reconciling items:
Elimination of (profit) loss from inter-company sales		(84	)		219		(176	)
Consolidated income before taxes	$	(10,186	)	$	6,026	$	13,524