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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2016
Jan. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,496 $ 3,769
Accounts and contracts receivable, net of allowance for doubtful accounts of $5,828 and $5,821 at July 31, 2016 and January 31, 2016, respectively 13,112 19,775
Inventories, net 13,091 12,944
Prepaid income taxes 1,391 2,523
Prepaid expenses and other current assets 1,544 1,685
Total current assets 32,634 40,696
Seismic equipment lease pool and property and equipment, net 60,965 73,516
Intangible assets, net 10,083 10,466
Goodwill 4,155 4,155
Prepaid income taxes 1,019  
Deferred tax asset   586
Long-term receivables 4,967 4,972
Other assets 28 368
Total assets 113,851 134,759
Current liabilities:    
Accounts payable 1,687 3,543
Current maturities - long-term debt 3,220 3,218
Deferred revenue 351 326
Accrued expenses and other current liabilities 3,405 5,369
Total current liabilities 8,663 12,456
Long-term debt, net of current maturities 6,262 17,266
Total liabilities 14,925 29,722
Shareholders' equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 320 issued and outstanding 7,117  
Common stock, $0.01 par value; 20,000 shares authorized; 14,019 shares issued at July 31, 2016 and January 31, 2016 140 140
Additional paid-in capital 121,097 120,664
Treasury stock, at cost (1,929 and 1,928 shares at July 31, 2016 and January 31, 2016, respectively) (16,856) (16,854)
Retained earnings (accumulated deficit) (2,895) 13,188
Accumulated other comprehensive loss (9,677) (12,101)
Total shareholders' equity 98,926 105,037
Total liabilities and shareholders' equity $ 113,851 $ 134,759