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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2017
Jan. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,053 $ 2,902
Restricted cash 403 609
Accounts and contracts receivable, net of allowance for doubtful accounts of $3,720 and $3,716 at April 30, 2017 and January 31, 2017, respectively 16,028 15,830
Inventories, net 13,488 11,960
Prepaid income taxes 221 1,565
Prepaid expenses and other current assets 1,752 2,193
Total current assets 33,945 35,059
Seismic equipment lease pool and property and equipment, net 33,380 43,838
Intangible assets, net 8,720 9,012
Goodwill 3,997 3,997
Non-current prepaid income taxes 1,192  
Long-term receivables net of allowance for doubtful accounts of $2,188 at April 30, 2017 and January 31, 2017 4,488 2,780
Other assets 28 28
Total assets 85,750 94,714
Current liabilities:    
Accounts payable 1,876 1,929
Current maturities - long-term debt   6,371
Deferred revenue 560 651
Accrued expenses and other current liabilities 4,595 4,514
Total current liabilities 7,031 13,465
Deferred tax liability 296 317
Total liabilities 7,327 13,782
Shareholders' equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 348 and 343 shares issued and outstanding at April 30, 2017 and January 31, 2017, respectively 7,391 7,294
Common stock, $0.01 par value; 20,000 shares authorized; 14,019 shares issued at April 30, 2017 and January 31, 2017 140 140
Additional paid-in capital 121,625 121,401
Treasury stock, at cost (1,929 shares at April 30, 2017 and January 31, 2017) (16,858) (16,858)
Accumulated deficit (23,310) (20,451)
Accumulated other comprehensive loss (10,565) (10,594)
Total shareholders' equity 78,423 80,932
Total liabilities and shareholders' equity $ 85,750 $ 94,714