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Segment Reporting
9 Months Ended
Oct. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting

13. Segment Reporting

The Equipment Leasing segment offers new and “experienced” seismic equipment for lease or sale 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; Budapest, Hungary; Singapore; and Bogota, Colombia.

The Equipment Manufacturing and Sales 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 New Hampshire, the United Kingdom and Singapore.

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

 

     As of October 31, 2016      As of January 31, 2016  
     Total Assets      Total Assets  
     (in thousands)  

Equipment Leasing

   $ 67,368       $ 95,932   

Equipment Manufacturing and Sales

     37,239         39,059   

Eliminations

     (265      (232
  

 

 

    

 

 

 

Consolidated

   $ 104,342       $ 134,759   
  

 

 

    

 

 

 

Results for the three months ended October 31, 2016 and 2015 were as follows (in thousands):

 

     Revenues     Operating (loss) income     (Loss) income before taxes  
     2016      2015     2016     2015     2016     2015  

Equipment Leasing

   $ 2,806       $ 5,711      $ (6,341   $ (7,582   $ (6,292   $ (8,033

Equipment Manufacturing and Sales

     5,251         10,127        (647     2,470        (513     2,340   

Corporate expenses

     —           —          (688     (792     (688     (792

Eliminations

     —           (157     (58     (74     (65     (74
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated

   $ 8,057       $ 15,681      $ (7,734   $ (5,978   $ (7,558   $ (6,559
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

Results for the nine months ended October 31, 2016 and 2015 were as follows (in thousands):

 

     Revenues     Operating loss     (Loss) income before taxes  
     2016     2015     2016     2015     2016     2015  

Equipment Leasing

   $ 10,258      $ 22,058      $ (19,087   $ (14,815   $ (18,627   $ (14,517

Equipment Manufacturing and Sales

     18,229        18,589        (867     1,772        (1,699     1,617   

Corporate expenses

     —          —          (2,390     (2,668     (2,390     (2,668

Eliminations

     (36     (270     (36     (28     (77     (28
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated

   $ 28,451      $ 40,377      $ (22,380   $ (15,739   $ (22,793   $ (15,596