XML 38 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Oct. 31, 2015
Oct. 31, 2014
Revenues:        
Equipment leasing $ 4,242 $ 14,285 $ 19,945 $ 38,672
Lease pool equipment sales 1,167 475 1,566 2,861
Seamap equipment sales 9,928 5,791 17,227 19,560
Other equipment sales 344 2,355 1,639 7,090
Total revenues 15,681 22,906 40,377 68,183
Cost of sales:        
Direct costs - equipment leasing 1,174 2,343 3,593 4,700
Direct costs - lease pool depreciation 7,242 8,634 22,460 26,195
Cost of lease pool equipment sales 358 193 540 1,016
Cost of Seamap and other equipment sales 5,184 4,729 10,094 14,785
Total cost of sales 13,958 15,899 36,687 46,696
Gross profit 1,723 7,007 3,690 21,487
Operating expenses:        
General and administrative 4,359 6,159 14,219 18,951
Contract settlement 2,142   2,142  
Provision for doubtful accounts 600   1,200  
Depreciation and amortization 600 654 1,868 1,566
Total operating expenses 7,701 6,813 19,429 20,517
Operating (loss) income (5,978) 194 (15,739) 970
Other (expense) income:        
Interest, net (136) (147) (523) (347)
Other, net (445) (387) 666 (140)
Total other (expense) income (581) (534) 143 (487)
(Loss) income before income taxes (6,559) (340) (15,596) 483
Benefit (provision) for income taxes 746 (57) 3,698 (490)
Net loss $ (5,813) $ (397) $ (11,898) $ (7)
Net loss per common share:        
Basic $ (0.48) $ (0.03) $ (0.99) $ 0.00
Diluted $ (0.48) $ (0.03) $ (0.99) $ 0.00
Shares used in computing net income per common share:        
Basic 12,051 12,476 12,035 12,631
Diluted 12,051 12,476 12,035 12,631