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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2018
Jan. 31, 2017
Current assets:    
Cash and cash equivalents $ 9,902 $ 2,902
Restricted cash 244 609
Accounts and contracts receivable, net of allowance for doubtful accounts of $3,885 and $3,716 at January 31, 2018 and January 31, 2017, respectively 10,494 15,830
Inventories, net 10,856 11,960
Prepaid income taxes 0 1,565
Prepaid expenses and other current assets 1,550 2,193
Total current assets 33,046 35,059
Seismic equipment lease pool and property and equipment, net 22,900 43,838
Intangible assets, net 8,015 9,012
Goodwill 2,531 3,997
Non-current prepaid income taxes 1,609 0
Long-term receivables, net of allowance for doubtful accounts of $2,282 and $2,188 at January 31, 2018 and January 31, 2017, respectively 4,652 2,780
Other assets 926 28
Total assets 73,679 94,714
Current liabilities:    
Accounts payable 1,271 1,929
Current maturities – long-term debt 0 6,371
Deferred revenue 741 651
Accrued expenses and other current liabilities 5,253 4,514
Income Taxes Payable 258 0
Total current liabilities 7,523 13,465
Deferred tax liability 307 317
Total liabilities 7,830 13,782
Commitments and contingencies (Note 13, 17 and 18)
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 532 and 343 issued and outstanding at January 31, 2018, and January 31, 2017, respectively 11,544 7,294
Common stock $.01 par value; 20,000 shares authorized; 14,019 shares issued at January 31, 2018 and January 31, 2017 140 140
Additional paid-in capital 122,304 121,401
Treasury stock, at cost (1,929 shares at January 31, 2018 and 2017) (16,860) (16,858)
Accumulated deficit (42,425) (20,451)
Accumulated other comprehensive loss (8,854) (10,594)
Total shareholders’ equity 65,849 80,932
Total liabilities and shareholders’ equity $ 73,679 $ 94,714