Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Apr. 23, 2014 | Jun. 28, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'Global Geophysical Services Inc | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 39,699,417 | ' |
Entity Public Float | ' | ' | $111,900,000 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001311486 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets_20
Consolidated Balance Sheets (2012 Restated) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS | ' | ' |
Cash and cash equivalents | $18,900 | $23,359 |
Restricted cash investments | 985 | 1,830 |
Accounts receivable, net | 51,080 | 51,381 |
Inventory | 107 | 11,864 |
Income and other taxes receivable | ' | 1,472 |
Mobilization costs, net | 13,051 | 894 |
Deferred income taxes, net | ' | 12,673 |
Prepaid expenses and other current assets | 6,402 | 7,809 |
90,525 | 111,282 | |
MULTI-CLIENT LIBRARY, net | 192,430 | 309,170 |
PROPERTY AND EQUIPMENT, net | 79,693 | 95,369 |
GOODWILL | 10,967 | 12,381 |
INTANGIBLE ASSETS, net | 10,291 | 13,083 |
DEBT ISSUANCE COSTS, net | 8,801 | 5,689 |
OTHER ASSETS | 200 | 712 |
TOTAL ASSETS | 392,907 | 547,686 |
CURRENT LIABILITIES | ' | ' |
Account payable and accrued expenses | 48,682 | 44,850 |
Current portion of long-term debt | 336,542 | 22,970 |
Current portion of capital lease obligations | 5,764 | 5,639 |
Income and other taxes payable | 7,144 | 5,035 |
Deferred revenue | 26,361 | 22,498 |
Other payables | 1,489 | 3,059 |
TOTAL CURRENT LIABILITIES | 425,982 | 104,051 |
DEFERRED INCOME TAXES, net | ' | 21,740 |
LONG-TERM DEBT, net of current portion of unamortized discount | ' | 311,250 |
CAPITAL LEASE OBLIGATIONS, net of current portion | ' | 4,176 |
NON-CONTROLLING INTERESTS | ' | 1,167 |
OTHER LIABILITIES | 254 | 1,080 |
TOTAL LIABILITIES | 426,236 | 443,464 |
COMMITMENTS AND CONTINGENCIES | ' | ' |
STOCKHOLDERS' EQUITY (DEFICIT) | ' | ' |
Preferred Stock, 11.5% Series A Cumulative, $0.01 par value, 5.0 million shares authorized 0.3 million shares and zero issued and 0.3 million shares and zero outstanding at December 31, 2013 and 2012, respectively | ' | ' |
Common Stock, $0.01 par value, 100.0 million shares authorized 48.5 million and 47.6 million shares issued and 38.3 million and 37.6 million shares outstanding at December 31, 2013 and 2012, respectively | 485 | 476 |
Additional paid-in capital | 269,421 | 253,415 |
Accumulated deficit | -206,704 | -53,141 |
63,202 | 200,750 | |
Less: treasury stock, at cost, 10.2 million and 10.0 million shares at December 31, 2013 and 2012, respectively | 96,531 | 96,528 |
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | -33,329 | 104,222 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $392,907 | $547,686 |
Consolidated_Balance_Sheets_201
Consolidated Balance Sheets (2012 Restated) (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, except Per Share data, unless otherwise specified | ||
Preferred Stock, par value (in Dollars per share) | $0.01 | $0.01 |
Preferred Stock, shares authorized | 5 | 5 |
Preferred Stock, shares issued | 0.3 | 0 |
Preferred Stock, shares outstanding | 0.3 | 0 |
Common stock, par value (in Dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 100 | 100 |
Common stock, shares issued | 48.5 | 47.6 |
Common stock, shares outstanding | 38.3 | 37.6 |
Less: treasury stock, at cost, shares | 10.2 | 10 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (2012 and 2011 Restated) (USD $) | 12 Months Ended | |||||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
REVENUES | ' | ' | ' | |||
Revenues | $288,659,000 | $339,429,000 | $384,809,000 | |||
OPERATING EXPENSES | ' | ' | ' | |||
Operating costs | 129,187,000 | 131,039,000 | 158,888,000 | |||
Multi-client Data Library Amortization | 99,879,000 | 102,881,000 | 112,802,000 | |||
Depreciation and Other Amortization | 32,589,000 | 28,945,000 | 27,478,000 | |||
TOTAL OPERATING EXPENSES | 261,655,000 | [1],[2] | 262,865,000 | [1],[2] | 299,168,000 | [1],[2] |
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | 88,223,000 | ' | ' | |||
GOODWILL IMPAIRMENT | 1,414,000 | ' | ' | |||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 14,784,000 | ' | ' | |||
SELLING GENERAL AND ADMINISTRATIVE EXPENSES | 51,410,000 | 51,346,000 | 43,962,000 | |||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | -8,624,000 | -15,706,000 | -1,683,000 | |||
INCOME (LOSS) FROM OPERATIONS | -120,203,000 | 40,924,000 | 43,362,000 | |||
OTHER EXPENSE | ' | ' | ' | |||
Interest expense, net | -35,845,000 | -31,750,000 | -25,329,000 | |||
Foreign exchange loss | -439,000 | -1,688,000 | -311,000 | |||
Other expense | -697,000 | -2,471,000 | -218,000 | |||
TOTAL OTHER EXPENSE | -36,981,000 | -35,909,000 | -25,858,000 | |||
INCOME (LOSS) BEFORE INCOME TAXES | -157,184,000 | 5,015,000 | 17,504,000 | |||
INCOME TAX EXPENSE (BENEFIT) | ' | ' | ' | |||
Current | 5,538,000 | 9,200,000 | 9,020,000 | |||
Deferred | -8,896,000 | 11,703,000 | 3,573,000 | |||
TOTAL INCOME TAX EXPENSE (BENEFIT) | -3,358,000 | 20,903,000 | 12,593,000 | |||
INCOME (LOSS) AFTER INCOME TAXES | -153,826,000 | -15,888,000 | 4,911,000 | |||
NET LOSS, attributable to non-controlling interests | -312,000 | -302,000 | -22,000 | |||
NET INCOME (LOSS), attributable to common stockholders | -153,514,000 | -15,586,000 | 4,933,000 | |||
INCOME (LOSS) PER COMMON SHARE | ' | ' | ' | |||
Basic (in Dollars per share) | ($4.03) | ($0.42) | $0.13 | |||
Diluted (in Dollars per share) | ($4.03) | ($0.42) | $0.13 | |||
WEIGHTED AVERAGE SHARES OUTSTANDING | ' | ' | ' | |||
Basic (in Shares) | 38,049 | 37,319 | 36,666 | |||
Diluted (in Shares) | 38,049 | 37,319 | 36,666 | |||
Proprietary Revenues [Member] | ' | ' | ' | |||
REVENUES | ' | ' | ' | |||
Revenues | 151,163,000 | 183,513,000 | 207,068,000 | |||
Multi-client Data Library Pre-commitments [Member] | ' | ' | ' | |||
REVENUES | ' | ' | ' | |||
Revenues | 59,767,000 | 111,088,000 | 127,443,000 | |||
Multi-client Data Library Late Sales [Member] | ' | ' | ' | |||
REVENUES | ' | ' | ' | |||
Revenues | $77,729,000 | $44,828,000 | $50,298,000 | |||
[1] | Corporate operating expenses represent depreciation expense, (net) associated with the assets used during the period. | |||||
[2] | Multi-client Services operating expenses represent data library revenue and backstop amortization expense. |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (2012 and 2011 Restated) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
Net income (loss) , attributable to common stockholders | ($153,514,000) | ($15,586,000) | $4,933,000 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' | ' |
Depreciation (net) and amortization expense | 136,078,000 | 135,476,000 | 143,025,000 |
Multi-client data library impairment | 88,223,000 | ' | ' |
Goodwill impairment | 1,414,000 | ' | ' |
Non-cash revenue | -1,886,000 | -5,328,000 | -3,133,000 |
Deferred tax expense (benefit) | -9,067,000 | 9,067,000 | 6,209,000 |
Gain on disposal of property and equipment | -8,624,000 | -15,706,000 | -1,683,000 |
Bad debt expense | 875,000 | 7,096,000 | ' |
Stock-based compensation expense | 7,814,000 | 5,883,000 | 5,228,000 |
Non-cash interest expense | 3,238,000 | 2,067,000 | 1,304,000 |
Other | -482,000 | 604,000 | 30,000 |
Effects of changes in operating assets and liabilities net of acquisitions: | ' | ' | ' |
Accounts receivable, net | -384,000 | 30,690,000 | -17,287,000 |
Inventory | -631,000 | -11,864,000 | ' |
Income and other taxes receivable | 1,472,000 | 5,588,000 | -105,000 |
Mobilization costs, net | -12,157,000 | 3,737,000 | -3,250,000 |
Prepaid expenses and other current assets | -2,046,000 | -1,393,000 | -213,000 |
Deposits and other long-term assets | 71,000 | 2,718,000 | -2,379,000 |
Accounts payable and accrued expenses | 3,832,000 | -13,812,000 | 12,871,000 |
Income and other taxes payable | 2,109,000 | -602,000 | -741,000 |
Deferred revenue | 3,931,000 | -18,169,000 | -9,779,000 |
Other payables | -2,106,000 | 763,000 | 71,000 |
Other long-term liabilities | ' | 755,000 | ' |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 58,160,000 | 121,984,000 | 135,101,000 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
Purchase of property and equipment | -12,719,000 | -29,193,000 | -34,136,000 |
Investment in Multi-client data library | -67,103,000 | -164,590,000 | -178,117,000 |
Investment in unconsolidated subsidiary | -250,000 | -670,000 | ' |
Change in restricted cash investments | 845,000 | 3,809,000 | -3,195,000 |
Investment in software | -610,000 | -1,844,000 | ' |
Acquisition of a businesses, net of cash acquired | ' | -2,543,000 | -1,150,000 |
Proceeds from involuntary conversion of assets | 5,562,000 | ' | ' |
Proceeds from the sale of assets | 13,606,000 | 27,974,000 | 16,654,000 |
NET CASH USED IN INVESTING ACTIVITIES | -60,669,000 | -167,057,000 | -199,944,000 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Proceeds from term note borrowings | 82,800,000 | ' | ' |
Repayments of term note borrowings | -1,035,000 | ' | ' |
Other (payments) borrowings, net | -880,000 | -461,000 | 8,243,000 |
Debt issuance costs | -5,033,000 | -1,803,000 | ' |
Principal payments on capital lease obligations | -6,456,000 | -7,694,000 | -4,669,000 |
Dividends paid | -49,000 | ' | ' |
Purchase of treasury stock | -3,000 | -3,000 | -823,000 |
Issuances of stock, net | 7,766,000 | 808,000 | 380,000 |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | -1,950,000 | 46,907,000 | 58,131,000 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | -4,459,000 | 1,834,000 | -6,712,000 |
CASH AND CASH EQUIVALENTS, beginning of year | 23,359,000 | 21,525,000 | 28,237,000 |
CASH AND CASH EQUIVALENTS, end of year | 18,900,000 | 23,359,000 | 21,525,000 |
Debt Long Term [Member] | ' | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Net proceeds from long-term debt and revolving credit facility | ' | 47,000,000 | ' |
Credit Facility Revolving [Member] | ' | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Net proceeds from long-term debt and revolving credit facility | ($79,060,000) | $9,060,000 | $55,000,000 |
Consolidated_Statements_Of_Sto
Consolidated Statements Of Stockholders’ Equity (Deficit) (USD $) | 11 Months Ended | 12 Months Ended | 11 Months Ended | 12 Months Ended | 11 Months Ended | 12 Months Ended | 11 Months Ended | 12 Months Ended | 12 Months Ended | 11 Months Ended | 12 Months Ended | 11 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 | Dec. 31, 2010 | Dec. 31, 2010 | Dec. 31, 2010 | Dec. 31, 2010 | Dec. 30, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 30, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 30, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 30, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2013 | Dec. 31, 2013 | Dec. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Treasury Stock [Member] | Treasury Stock [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Preferred Stock 1 [Member] | Common Stock 1 [Member] | ||||
Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Treasury Stock [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Common Stock 1 [Member] | Preferred Stock 1 [Member] | Common Stock 1 [Member] | |||||||||||||||||||||
Beginning Balances | ' | $104,222 | ' | $456 | $239,249 | ($95,702) | ($42,146) | ($342) | $476 | $467 | $456 | $253,415 | $246,104 | $239,249 | ($96,528) | ($96,525) | ($95,702) | ' | ' | ($53,141) | ($37,555) | ($42,488) | ' | ' | ' | ' | ' | $485 | ' | ' | ' | ' | ' | $269,421 | ' | ' | ' | ($96,531) | ' | ($206,704) | ' | ' |
Issuance of stock | 730 | ' | 1,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9 | 11 | 9 | ' | 7,170 | 1,023 | 719 | ' | 1,324 | ' | ' | ' | ' | ' | ' | ' | 7,170 | 1,032 |
Stock-based compensation expense | 5,228 | 7,814 | 5,883 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,228 | 7,813 | 5,883 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation expense associated with stock grants | 206 | ' | 104 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 206 | ' | 104 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Put option liability | 702 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 702 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase of treasury stock | -823 | -3 | -3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -823 | -3 | -3 | ' | ' | ' | ' | ' |
Preferred stock dividends | ' | -49 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -49 | ' | ' | ' |
Net income (loss) | ' | -153,514 | -15,586 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,933 | -15,586 | ' | ' | ' | 4,933 | -15,586 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -153,514 | ' | ' | ' |
Beginning Balances | ' | ($33,329) | $104,222 | $456 | $239,249 | ($95,702) | ($42,146) | ($342) | $476 | $467 | $456 | $253,415 | $246,104 | $239,249 | ($96,528) | ($96,525) | ($95,702) | ' | ' | ($53,141) | ($37,555) | ($42,488) | ' | ' | ' | ' | ' | $485 | ' | ' | ' | ' | ' | $269,421 | ' | ' | ' | ($96,531) | ' | ($206,704) | ' | ' |
Note_1_Organization_and_Nature
Note 1 - Organization and Nature of Operations | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Nature of Operations [Text Block] | ' |
NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS | |
General | |
Global Geophysical Services, Inc., a Delaware corporation, and its subsidiaries (collectively referred to as the “Company”) are headquartered in Houston, Texas. The Company provides an integrated suite of seismic data solutions to the global oil and gas industry, including the Company’s high resolution RG-3D Reservoir GradeSM (“RG3D”) seismic solutions. The Company’s seismic data solutions consist primarily of seismic data acquisition, microseismic monitoring, data processing and interpretation services, as well as seismic data recording equipment known as the AUTOSEIS® HDR system. Together with our AUTOSEIS® system, the services we offer deliver data that enables the creation of high resolution images of the earth’s subsurface and reveals complex structural and stratigraphic details. These images are used primarily by oil and gas companies to identify geologic structures favorable to the accumulation of hydrocarbons, to reduce risk associated with oil and gas exploration, to optimize well completion techniques and to monitor changes in hydrocarbon reservoirs. The Company integrates seismic survey design, data acquisition, processing and interpretation together with its seismic equipment solution to deliver enhanced services to clients. In addition, the Company owns and markets, directly and indirectly, a seismic data library primarily located in the shale and tight reservoir basins across the United States. Seismic data library sales occur as a result of non-exclusive licenses being issued to clients. | |
Prior to the issuance of the 2013 financial statements, the Company identified certain errors that resulted in the restatement of amounts previously recorded in the Company’s financial statements for the years from 2009 through 2012 and for the first nine months of 2013. In addition, certain disclosures in other Notes to these Consolidated Financial Statements have been restated to reflect the restatement adjustments. | |
The determination to restate these financial statements was approved by the Audit Committee of the Company’s Board of Directors upon the recommendation of the Company’s management. For descriptions of the restatement adjustments and the impacts of these adjustments on previously filed financial statements for the years ended December 31, 2012 and 2011, see Note 21 Restatement of Consolidated Financial Statements. For the impact of the restated amounts on the quarterly information, see Note 22 Unaudited Quarterly Financial Data. | |
Voluntary Reorganization under Chapter 11 | |
On March 25, 2014, the Company and certain of its subsidiaries, including Autoseis, Inc.; Global Geophysical EAME, Inc.; GGS International Holdings, Inc.; Accrete Monitoring, Inc.; and Autoseis Development Company (the Company and such subsidiaries, collectively, the “Debtors”) filed voluntary petitions for reorganization (the “Voluntary Petitions”) under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”), in the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division (the “Bankruptcy Court”). The filing by the Debtors is jointly administered under Case No. 14-20130 (the “Bankruptcy Case”). The Debtors are operating their business as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. For additional information regarding our debtor-in-possession financing, see Note 20 -- Subsequent Events. | |
Going Concern | |
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern and contemplate the realization of assets and the satisfaction of liabilities in the normal course of business. The Company’s ability to continue as a going concern, however, is contingent upon, among other factors, the Debtors’ ability to comply with the provisions in their debtor-in-possession financing, the Bankruptcy Court’s approval of a plan of reorganization in the Bankruptcy Case and the Debtors’ ability to implement such a plan of reorganization, including obtaining any exit financing. As a result of the Bankruptcy Case, the realization of assets and the satisfaction of liabilities are subject to uncertainty. While operating as debtors-in-possession under Chapter 11, the Debtors may sell or otherwise dispose of or liquidate assets or settle liabilities, subject to the approval of the Bankruptcy Court or as otherwise permitted in the ordinary course of business (and subject to restrictions contained in the debtor-in-possession financing), for amounts other than those reflected in the accompanying consolidated financial statements. Any plan of reorganization that emerges in our Bankruptcy Case could materially change the amounts and classifications of assets and liabilities reported in our Consolidated Financial Statements. Accordingly, uncertainties in the bankruptcy process raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying Consolidated Financial Statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities or any other adjustments that might be necessary if we are unable to continue as a going concern or as a consequence of the Bankruptcy Case. | |
Delisting from the New York Stock Exchange | |
On March 26, 2014, the Company received notice that the New York Stock Exchange, Inc. (the “NYSE”) had determined that the listing of the Company’s common stock should be suspended immediately as a result of the filing of the Voluntary Petitions by the Debtors. The NYSE announced that it had determined to commence proceedings to delist the common stock and the Company’s depositary shares (the “Depositary Shares”), each representing a 1/1000th interest in a share of the Company’s 11.5% Series A Cumulative Preferred Stock, based on NYSE Regulation Inc.’s determination that the Company’s securities are no longer suitable for listing | |
The last day that the common stock traded on the NYSE was March 25, 2014. The Company does not intend to take further action to appeal the NYSE’s decision. It is therefore expected that the Common Stock and Depositary Shares will be delisted after the completion of the NYSE’s application for delisting filed with the Securities and Exchange Commission. | |
Note_2_Summary_of_Significant_
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Significant Accounting Policies [Text Block] | ' | |||
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||
Basis of Presentation and Principles of Consolidation | ||||
The Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the United States and include the accounts of Global Geophysical Services Inc. and its subsidiaries. All significant inter-company transactions and account balances have been eliminated upon consolidation. | ||||
Revenue Recognition: | ||||
Proprietary Services | ||||
The Company’s seismic services are provided under cancellable service contracts, which vary in terms and conditions. The Company recognizes revenues in accordance with the type of contract we provide services. These contracts are either “turnkey” or “term” agreements or a combination of the two. Under turnkey agreements or the turnkey portions thereof, the Company recognizes revenues based upon quantifiable measures of progress, such as square miles or linear kilometers of data acquired. Under term agreements or the term portions thereof, period revenues are recognized on a day-rate or other similar basis. Under certain contracts where the client pays separately for the mobilization of equipment, the Company recognizes such mobilization fees as revenues during the performance of the seismic acquisition, using the same quantifiable measures of progress as for the acquisition work. The Company also receives reimbursements for certain other out-of-pocket expenses under the terms of its service contracts. The Company records amounts billed to clients in revenues at the gross amount including out-of-pocket expenses that are reimbursed by the client. In some instances, customers are billed in advance of services performed which the Company records as deferred revenue. | ||||
Multi-client Services | ||||
The Company generates Multi-client revenues by granting a license to seismic data. This allows clients to have access to seismic data at a cost that is generally less than acquiring data on a proprietary basis. The Company’s Multi-client projects differ from seismic data services projects in that the Company sets the specifications of the program, generally handles all aspects of the seismic data acquisition, and maintains ownership of the seismic data and its corresponding revenue stream. | ||||
Revenues are recorded under arrangements from the licensing of Multi-client data as either pre-commitments, late sales or data swap transactions. Once a contract is signed, it is either classified as a pre-commitment or a late sale and the entire contract will follow the appropriate revenue recognition as described below. | ||||
Revenues from the creation of Multi-client projects are recognized when (i) the Company has a licensing arrangement with the customer that is validated by a signed contract, (ii) the sales price is fixed and determinable, (iii) collection is reasonably assured, and (iv) delivery, ‘as defined below’ has occurred. When the above criteria have been satisfied, the Company recognizes revenues using the proportionate performance method based upon quantifiable measures of progress such as square miles or linear kilometers of data acquired. | ||||
Revenues associated with a data swap transaction are recognized as a pre-commitment or late sale when (i) the Company has an arrangement with the customer that is validated by a signed contract, (ii) the value is determined based on the value which is more readily determinable, and (iii) the asset exchanged for has been received. Delivery is defined as ‘data is made available to the customer to view’. | ||||
If the data is subject to any incremental processing, the Company holds back a portion of the revenues to be recognized upon the delivery of the processed data to the customer. This hold back is calculated as a percentage of the data processing cost remaining to complete over the entire cost of the project. | ||||
Pre-commitment Revenues | ||||
Pre-commitment revenues are contractual obligations whereby a client commits funds in advance of the Company’s acquisition of Multi-client seismic data. In return for these pre-commitments, clients typically have some input with respect to project specifications and receive preferential pricing. The Company records pre-commitment payments as deferred revenue when they are received and records them as revenues on the basis of proportionate performance based on quantifiable measures of progress. | ||||
Late Sale Revenues | ||||
Late sales occur when we enter into an agreement to sell a non-exclusive license in a Multi-client survey to a customer and all or any portion of the seismic data has been acquired by the Company. For late sale contracts, any portion associated with data which has not been acquired will be deferred and recognized as revenues on the basis of proportionate performance. | ||||
Non-Monetary Transactions | ||||
The Company participates in certain non-cash data exchange transactions, in which the Company takes ownership of a customer’s seismic data in exchange for a non-exclusive license to selected seismic data from the Multi-client library. In these non-cash data exchange transactions, the Company records a data library asset for the data received and recognizes revenues on the transaction in accordance with its revenue recognition policy. These revenues are classified as either Multi-client pre-commitment revenues or Multi-client late sales based on their nature. These transactions are valued at the fair value of the data received or delivered, whichever is more readily determinable. For the years ended December 31, 2013, 2012, and 2011, the Company has recognized $0.4 million, $5.4 million and $3.1 million respectively, as revenues related to non-cash data transactions. | ||||
Multi-client Library | ||||
All costs directly incurred in acquiring, processing and otherwise completing a seismic survey are capitalized into the Multi-client library, including the depreciation of equipment owned or leased under capital leases and utilized in connection with a Multi-client seismic shoot. The Company establishes amortization rates based on the estimated future revenues (both from pre-commitments and late sales) on an individual survey basis. The underlying estimates that form the basis for the sales forecast depend on historical and recent revenue trends, oil and gas prospective in particular regions, general economic conditions affecting the customer base, expected changes in technology and other factors. The estimation of future cash flows and fair value is highly subjective and inherently imprecise. Estimates can change materially from period to period based on many factors. Accordingly, if conditions change in the future, an impairment loss may be recorded relative to the seismic data library, which could be material to any particular reporting period. However, under no circumstance will an individual survey carry a net book value greater than a four-year straight-line amortized value. This is accomplished by comparing the cumulative amortization recorded for each survey to the cumulative straight-line amortization. If the cumulative straight-line amortization is higher for any specific survey, additional amortization expense is recorded, resulting in accumulated amortization being equal to the cumulative straight-line amortization for such survey. We often refer to this additional straight-line amortization as “Backstop” amortization. Total amortization expense related to the Multi-client seismic data library was $99.9 million, $102.9 million and $112.8 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||
Mobilization Costs Transportation and other expenses incurred prior to the commencement of the recording of seismic data are deferred and amortized over the period of recording in a manner that coincides with the physical progression of the recording of the underlying seismic data. Deferred mobilization costs for the years ended December 31, 2013 and 2012 were $13.1 million and $0.9 million, respectively. The costs deferred during 2013 are primarily attributable to operations in Alaska, Kenya, Colombia and Brazil. | ||||
Financial Instruments Financial instruments consist of cash and cash equivalents, accounts receivable and payables, and debt. The carrying value of cash and cash equivalents and accounts receivable and payables approximate fair value due to their short-term nature. The Company believes the fair value and the carrying value of all other debt would not be materially different due to the instruments’ interest rates approximating market rates for similar borrowings at December 31, 2013 and 2012. See Note 9 "Fair Values of Financial Instruments" for the fair value of the Company’s 10.5% senior notes. | ||||
Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. | ||||
Restricted Cash Investments Restricted cash investments represent cash and cash equivalents as collateral is respect of letter of credit issued in support of the Company's ongoing business. Restricted cash investments are not generally available to the Company until the respective letters of credit are cancelled or terminated undrawn. | ||||
Accounts Receivable Trade accounts receivables are recorded in accordance with terms and amounts specified in the related contracts on an ongoing basis. Amounts recorded as unbilled represent work done for customers but not billed at period end in accordance with contract provisions and generally are expected to be billed within a relatively short period of time. Management of the Company continually monitors accounts receivable for collectability issues. The Company evaluates the collectability of accounts receivable on a specific account basis using a combination of factors, including the age of the outstanding balances, evaluation of the customer’s financial condition, and discussions with relevant Company personnel and with the customers directly. The allowance for doubtful accounts was $3.7 million and $3.1 million at December 31, 2013 and 2012, respectively. Bad debt expense for the years ended December 31, 2013 and 2012 was $0.7 million and $5.6 million, respectively. | ||||
Inventory In 2012, the Company classified certain recording systems produced or held for sale as inventory. Such inventory consisted primarily of finished products. Inventory is stated at the lower of cost or net realizable value. Cost of inventory is determined by using the first-in, first-out method. The Company periodically reviews its inventory and makes provisions for damaged, missing or obsolete inventory. During 2013, the Company reclassified certain inventory assets to Property and Equipment and sold certain inventory assets to Seismic Equipment Solutions. | ||||
Property and Equipment: Property and equipment are stated at cost. Depreciation is computed on the straight-line basis over the estimated useful lives of the various classes of assets as follows: | ||||
Buildings (years) | 40 | |||
Vessels (years) | 10 | |||
Computers and software (years) | 3 | - | 5 | |
Furniture and fixtures (years) | 1 | - | 2 | |
Machinery and equipment (years) | 3 | - | 7 | |
Management’s estimation of useful life is based on circumstances that exist in the seismic industry and information available at the time of the asset purchase. As circumstances change and new information becomes available these estimates could change. | ||||
Disposals are removed at cost less accumulated depreciation with any resulting gain or loss reflected in income (loss) from operations within the Consolidated Statements of Operations during the reporting period. During the years ended December 31, 2013, 2012 and 2011, the Company disposed of property and equipment, recognizing a gain of $8.6 million, $15.7 million and $1.7 million, respectively, inclusive of amortized deferred gain related to sale leaseback transactions in 2013, which is included in operating expenses. Substantially all of the Company’s assets are pledged as collateral to secure debt. | ||||
Goodwill Goodwill represents the excess of costs over the fair value of net assets of acquired businesses. Goodwill acquired in a business combination is not amortized, but instead tested for impairment at least annually or when indicators of impairment are present. The Company assessed qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company considered the following events and circumstances: macroeconomic conditions, industry, and market conditions, cost factors, overall financial performance, and other entity-specific events. The Company recorded an impairment charge of $1.4 million during the year ended December 31, 2013, classified in the Consolidated Statement of Operations as Goodwill Impairment. | ||||
Internal-Use Software In accordance with ASC 350-40, “Internal-Use Software”, the Company capitalizes costs related to the development of internal use software. When capitalized, the Company amortizes the costs of computer software developed for internal use on a straight-line basis or appropriate usage basis over the estimated useful life of the software of 5 years. For the years ended December 31, 2013, 2012 and 2011, the Company capitalized $0.6 million, $1.8 million, and $0.9 million, respectively, of development costs related to internal use software as a component of intellectual property. | ||||
Asset Impairment In accordance with ASC 360-10-35, “Impairment or Disposal of Long-Lived Assets”, the Company evaluates the recoverability of property and equipment, amortizable intangibles, and its Multi-client data library if facts and circumstances indicate that any of those assets might be impaired. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset’s carrying amount to determine if an impairment of such property and Multi-client data library is necessary. The effect of any impairment would be to expense the difference between the fair value of such property and its carrying value. There were no impairment charges recognized for property and equipment in the Consolidated Statements of Operations during the years ended December 31, 2013, 2012 and 2011. | ||||
For amortizable intangibles, the Company recognized $0.2 million of impairment related to a trademark in connection with the divestment of its line-clearing business during 2013. Refer to further discussion in Note 6. | ||||
For the Multi-client data library, the impairment evaluation is based first on a comparison of the undiscounted future cash flows over each project’s remaining estimated useful life with the carrying value of each project. If the undiscounted future cash flows are equal to or greater than the carrying value of such project, no impairment is recorded. If undiscounted future cash flows are less than the carrying value, the forecast of future cash flows related to such project is discounted to fair value and compared with such project’s carrying amount. The difference between the project’s carrying amount and the discounted future value of the expected revenue stream is recorded as an impairment charge. An impairment charge of $88.2 million was recognized for the Multi-client data library in the Consolidated Statements of Operations during the year ended December 31, 2013. Backstop amortization (non-cash charges recorded to ensure each individual survey in the library is carried at a net book value no greater than a four-year straight-line amortized value) of $10.7 million, $8.2 million, and $5.7 million was recognized during the years ended December 31, 2013, 2012 and 2011, respectively. | ||||
Deferred Revenue Deferred revenue consists primarily of amounts contractually billable or client payments made in advance of work done and deferred fees related to the mobilization period. These amounts are recognized as earned under the terms of the related contract. Deferred revenue also includes deferred gains related to certain sale leaseback transactions. Such deferred gains are recognized on a straight-line basis over the term of the related lease agreement. | ||||
Treasury Stock The Company utilizes the cost method for accounting for its treasury stock acquisitions and dispositions. | ||||
Debt Issuance Costs The costs related to the issuance of debt are capitalized and amortized to interest expense using the effective interest method over the maturity period of the related debt. Accumulated amortization was $3.3 million and $2.0 million at December 31, 2013 and 2012, respectively. Amortization expense for the years ended December 31, 2013, 2012 and 2011 was $1.9 million, $0.9 million and $0.6 million, respectively. Amortization expense is projected to be $2.6 million, $2.9 million, $2.8 million and $0.5 million for the twelve months ended December 31, 2014 through 2017, respectively. | ||||
Concentrations of Credit Risk The Company maintains its cash in bank deposits with a financial institution. These deposits, at times, exceed federally insured limits. The Company monitors the financial condition of the financial institution and has not experienced any losses on such accounts. The Company is not party to any financial instruments which have off-balance sheet credit or interest rate risk. | ||||
Advertising Advertising costs are expensed as incurred as a component of selling, general and administrative expenses and were $1.0 million, $0.5 million and $0.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||
Income Taxes The Company follows ASC 740, “Income Taxes”, regarding the accounting for deferred tax assets and liabilities. Under the asset and liability method required by this guidance, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A deferred tax asset will be reduced by a valuation allowance when, based on the Company’s estimates, it is more likely than not that a portion of those assets will not be realized in a future period. | ||||
The Company follows ASC 740, “Income Taxes,” regarding the accounting for uncertainty in income taxes. This guidance clarifies the accounting for income taxes by prescribing the minimum recognition threshold that an income tax position is required to meet before recognizing in the consolidated financial statements and applies to all income tax positions. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based upon technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the consolidated financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. Additionally, the Company recognizes income tax related penalties and interest in the provision for income taxes. | ||||
Earnings Per Share The Company accounts for earnings per share in accordance with ASC 260, “Earnings Per Share”. Basic earnings per share amounts are calculated by dividing net income (loss) by the weighted average number of common shares outstanding during each period. Diluted earnings per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the periods, including the dilutive effect of restricted stock, options and warrants granted. Dilutive restricted stock, options, and warrants that are issued during a period or that expire or are cancelled during a period are reflected in the computations for the time they were outstanding during the periods being reported. Restricted stock, options and warrants, where the exercise price exceeds the average stock price for the period, are considered anti-dilutive and therefore are not included in the calculation of dilutive shares. | ||||
Foreign Operations The Company’s future revenues, in part, depend on operating results from its operations in foreign countries. The success of the Company’s operations is subject to various contingencies beyond management’s control. These contingencies include general and regional economic conditions, prices for crude oil and natural gas, competition and changes in regulation. | ||||
The Company from time to time enters into transactions that are not denominated in U.S. dollars. These transactions are re-measured to U.S. dollars and the exchange gains and losses are reported in other expense within the Consolidated Statements of Operations. | ||||
Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes current estimates are reasonable and appropriate, actual results could differ from those estimates. | ||||
Note_3_Selected_Balance_Sheet_
Note 3 - Selected Balance Sheet Accounts | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Supplemental Balance Sheet Disclosures [Text Block] | ' | ||||||||
NOTE 3 – SELECTED BALANCE SHEET ACCOUNTS | |||||||||
Prepaid expenses and other current assets included the following (in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Restated) | |||||||||
Assets held for sale | $ | - | $ | 4,878 | |||||
Prepaid expenses | 3,227 | 1,181 | |||||||
Note receivable | 3,175 | 1,750 | |||||||
Total prepaid expenses and other current assets | $ | 6,402 | $ | 7,809 | |||||
At December 31, 2012, other current assets included certain property and equipment which was identified as held for sale. The Company classifies assets as held for sale and ceases the depreciation and amortization of the assets when there is a plan for disposal of the assets and those assets meet the held for sale criteria as defined in ASC 360, “Plant, Property and Equipment”. These assets were recorded at the lower of their carrying value or their fair value based on current market conditions. During the third quarter of 2013, the Company decided not to sell certain assets and instead use them to support the Company’s own asset requirements. The Company reclassified all held for sale assets to Property and Equipment at (i) the lesser of the assets’ carrying amounts adjusted for any depreciation that would have been recognized had the assets continuously been classified as Property and Equipment or (ii) the fair value of the assets at September 30, 2013. The total of such amounts reclassified to Property and Equipment at September 30, 2013 was $4.3 million. | |||||||||
Accounts receivable, net, included the following (in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Restated) | |||||||||
Accounts receivable, trade | $ | 27,138 | $ | 38,126 | |||||
Unbilled accounts receivable, trade | 27,605 | 16,321 | |||||||
Allowance for doubtful accounts | (3,663 | ) | (3,066 | ) | |||||
Total accounts receivable, net | $ | 51,080 | $ | 51,381 | |||||
Note_4_Multiclient_Library
Note 4 - Multi-client Library | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Multi Client Library [Abstract] | ' | ||||||||
Multi Client Library [Text Block] | ' | ||||||||
NOTE 4 – MULTI-CLIENT LIBRARY | |||||||||
Multi-client library consisted of the following (in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Restated) | |||||||||
Multi-client library, at cost | $ | 726,691 | $ | 655,329 | |||||
Less: accumulated Multi-client data library amortization | 446,038 | 346,159 | |||||||
Multi-client data library impairment | 88,223 | - | |||||||
Total Multi-client library (net) | $ | 192,430 | $ | 309,170 | |||||
Multi-client data library amortization expense included the following (in thousands): | |||||||||
Year Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(Restated) | |||||||||
Multi-client data library revenue amortization | $ | 89,180 | $ | 94,652 | |||||
Backstop amortization(1) | 10,699 | 8,229 | |||||||
Total Multi-client data library amortization expense | $ | 99,879 | $ | 102,881 | |||||
(1) Backstop amortization represents the non-cash charges recorded to ensure each individual survey in the library is carried at a net book value no greater than a four-year straight-line amortization value. | |||||||||
The Company entered into a License and Marketing Agreement dated as of March 28, 2013 (“the Agreement”) with SEI-GPI JV LLC, a limited liability company jointly owned by Seismic Exchange, Inc. and Geophysical Pursuit, Inc., (“SEI/GPI”). Under the terms of the Agreement, SEI/GPI, as licensee, provides exclusive marketing services for a substantial portion of the Company’s North American onshore data library. SEI/GPI paid a $25.0 million non-refundable license fee upon execution of the Agreement. For the year ended December 31, 2013, the Company recorded late sale revenues of $25.0 million, representing the license fee related to completed library assets. SEI/GPI receives, as compensation for marketing the data, a commission on all gross revenues resulting from the sub-licensing of the data subject to the Agreement. Revenues for sub-licenses issued by SEI/GPI as licensee are recorded in the Company’s accounts at their gross sales value, with the commission being recorded and classified as Multi-client data library commission expense in the Company’s Consolidated Statements of Operations. For the year ended December 31, 2013, the Company recorded commission expense of $14.8 million. | |||||||||
For the year ended December 31, 2013, the Company recorded amortization expense of $14.3 million on Multi-client data library late sale revenues, related to the $25.0 million non-refundable license fee. | |||||||||
Note_5_Property_and_Equipment
Note 5 - Property and Equipment | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||||||
NOTE 5 – PROPERTY AND EQUIPMENT | |||||||||||||
Property and equipment consisted of the following (in thousands): | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Restated) | |||||||||||||
Machinery and equipment | $ | 301,569 | $ | 309,624 | |||||||||
Computers and software | 21,562 | 19,661 | |||||||||||
Buildings | 13,624 | 13,601 | |||||||||||
Vessels | 7,628 | 7,634 | |||||||||||
Land | 2,157 | 2,157 | |||||||||||
Furniture and fixtures | 78 | 103 | |||||||||||
346,618 | 352,780 | ||||||||||||
Less: accumulated depreciation | 269,884 | 259,323 | |||||||||||
76,734 | 93,457 | ||||||||||||
Work in progress | 2,959 | 1,912 | |||||||||||
Total property and equipment, net | $ | 79,693 | $ | 95,369 | |||||||||
In May 2013, a fire destroyed a warehouse in Colombia that contained Company equipment with a net book value of approximately $3.1 million. The equipment destroyed in the fire was fully insured. For the year ended December 31, 2013, the Company received payments of $5.6 million from its insurance carriers and recognized a gain related to the insurance proceeds in excess of net book value as a gain on the loss of property and equipment destroyed in the fire. | |||||||||||||
On December 30, 2013, AutoSeis, Inc. (“AutoSeis”), a wholly owned subsidiary of the Company, entered into a Cooperation agreement ("the SES Agreement") with Seismic Equipment Solutions ("SES"). Under the terms of the SES Agreement, SES becomes the exclusive provider for the rental and leasing of the Company's AUTOSEIS® HDR sysytem in the geophysical equipment rental industry. In connection with entering into the Agreement, the following ancillary agreements were entered into: (i) AutoSeis and SES entered into a sales agreement providing, among other things, for the purchase by SES of equipment from AutoSeis ("Sales Agreement"), and (ii) Global and SES entered into a lease agreement providing for the lease by Global of the equipment that is the subject of the Sales Agreement ("Lease Agreement"). In connection with the signing of the SES Agreement, SES placed an order of $9.5 million for an AUTOSEIS® HDR nodal system comprised of 20,000 single-channel units and other related equipment. The Sales Agreement was accounted for as a sale of equipment with revenue recognized totaling $7.3 million upon the delivery of the first equipment order. Cost of sales of $7.3 million was recognized based on the cost of AUTOSEIS® HDR. The profit on the sale, $2.2 million, was deferred and will be recognized as revenue in proportion to the related gross rental charge to expense over the lease term. The Lease Agreement was accounted for as an operating lease. At December 31, 2013, the Company had a note receivable of $3.2 million, due April 2014, related to the Sales Agreement classified in the Consolidated Balance Sheet as Prepaid Expenses and Other Current Assets. | |||||||||||||
The following table represents an analysis of depreciation expense (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2012 | 2011 | ||||||||||||
2013 | (Restated) | (Restated) | |||||||||||
Gross depreciation expense | $ | 37,132 | $ | 40,825 | $ | 45,182 | |||||||
Less: capitalized deprecation for Multi-client library | 4,121 | 11,329 | 16,901 | ||||||||||
Depreciation expense, net | $ | 33,011 | $ | 29,496 | $ | 28,281 | |||||||
Note_6_Goodwill_and_Ingangible
Note 6 - Goodwill and Ingangible Assets | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | ||||||||
NOTE 6 – GOODWILL AND INTANGIBLE ASSETS | |||||||||
Goodwill and intangible assets included the following (in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Customer list | $ | 3,984 | $ | 3,984 | |||||
Trademark | 1,759 | 1,759 | |||||||
Patents | 3,913 | 3,913 | |||||||
Non-compete agreements | 1,057 | 1,057 | |||||||
Intellectual property | 9,493 | 8,883 | |||||||
20,206 | 19,596 | ||||||||
Less: accumulated amortization | 9,915 | 6,513 | |||||||
Intangible assets, net | 10,291 | 13,083 | |||||||
Goodwill | 10,967 | 12,381 | |||||||
Total goodwill and intangible assets, net | $ | 21,258 | $ | 25,464 | |||||
Intangible assets subject to amortization are amortized on a straight-line basis over their estimated useful lives, from two and fifteen years. Amortization expense for the years ended December 31, 2013, 2012 and 2011 was $3.2 million, $3.1 million and $1.9 million, respectively. Amortization expense is projected to be $2.1 million, $2.1 million, $2.1 million and $1.0 million for the years ending December 31, 2014 through 2017, respectively and $3.0 million thereafter. | |||||||||
At September 30, 2013, the Company finalized an agreement to divest its line-clearing business. In conjunction with the Company’s decision to exit the line clearing business, the Company agreed to purchase the 20% minority equity interest in Paisano Lease Company, Inc. (“Paisano”) for $0.9 million and sell the line clearing assets of Paisano to a new entity controlled by the minority selling shareholders at the net book value of the equipment. The transaction closed on October 17, 2013. No gain or loss was recorded on the sale of the equipment and subsequent to the purchase of the outstanding 20% minority interest. Paisano became a wholly-owned subsidiary of the Company. As a result, the Company recorded an impairment charge for the amount of goodwill and intangible assets associated with the business of $1.0 million classified in the Consolidated Statement of Operations as goodwill impairment, and $0.2 million classified in the Consolidated Statement of Operations as selling, general and administrative expenses, respectively. | |||||||||
Goodwill | |||||||||
Balance at January 1, 2013 | $ | 12,381 | |||||||
Impairment loss - Paisano | (1,039 | ) | |||||||
Other goodwill impairment | (375 | ) | |||||||
Balance at December 31, 2013 | $ | 10,967 | |||||||
Note_7_Income_Taxes
Note 7 - Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||
NOTE 7 – INCOME TAXES | |||||||||||||
Income (Loss) before Income Taxes and Income Tax Expense (Benefit). The tables below show the income (loss) before income taxes from continuing operations and the components of income tax expense (benefit): | |||||||||||||
Income (loss) before income taxes was as follows (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
U.S. | $ | (163,002 | ) | $ | 17,673 | $ | 18,157 | ||||||
Foreign | 5,818 | (12,658 | ) | (653 | ) | ||||||||
Income (loss) before income taxes | $ | (157,184 | ) | $ | 5,015 | $ | 17,504 | ||||||
The components of income tax expense (benefit) were as follows (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
Current: | |||||||||||||
Federal | $ | — | $ | — | $ | — | |||||||
State | 69 | (900 | ) | 347 | |||||||||
Foreign | 5,469 | 10,100 | 8,673 | ||||||||||
$ | 5,538 | $ | 9,200 | $ | 9,020 | ||||||||
Deferred: | |||||||||||||
Federal | (9,321 | ) | 11,139 | 4,048 | |||||||||
State | 309 | 290 | (704 | ) | |||||||||
Foreign | 116 | 274 | 229 | ||||||||||
(8,896 | ) | 11,703 | 3,573 | ||||||||||
Total income tax expense (benefit) | $ | (3,358 | ) | $ | 20,903 | $ | 12,593 | ||||||
The provision for income taxes differed from the amount of income tax determined by applying the U.S. statutory rate to the income (loss) before income taxes as follows (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
Income tax expense (benefit) at statutory rate | $ | (55,014 | ) | $ | 1,755 | $ | 6,127 | ||||||
U.S. state income taxes | (1,147 | ) | (1,075 | ) | 663 | ||||||||
Non-U.S. effective rate different than statutory | 85 | 1,360 | (787 | ) | |||||||||
Effect of non-deductible expenses | 1,634 | 2,846 | 2,269 | ||||||||||
U.S. limit on foreign tax credits | 3,210 | 14,158 | — | ||||||||||
Change in valuation allowance | 47,073 | 1,231 | 2,988 | ||||||||||
Liabilities for uncertain tax matters | — | — | 800 | ||||||||||
Other | 801 | 628 | 533 | ||||||||||
Income tax expense (benefit) | $ | (3,358 | ) | $ | 20,903 | $ | 12,593 | ||||||
In 2013, the Company’s effective tax rate differed from the statutory rate primarily due to taxes paid in Non-U.S. jurisdictions, current year increases to the valuation allowance, and non-deductible expenses. In 2012, the Company’s effective tax rate differed from the statutory rate primarily due to taxes paid in Non-U.S. jurisdictions, current year increases to the valuation allowance, and non-deductible expenses. The effective tax rate for 2012 was also impacted by the decision to elect to deduct foreign taxes on the U.S. return both in the current year as well as certain prior years instead of taking a foreign tax credit as it was determined the credits would be limited. In 2011, the Company’s effective tax rate differed from the statutory rate, primarily due to taxes paid in Non-U.S. jurisdictions, current year increases to the valuation allowance, and non-deductible expenses. | |||||||||||||
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts reported for income tax purposes at the enacted tax rates in effect when the differences are anticipated to reverse. A deferred tax asset will be reduced by a valuation allowance when, based on the Company’s estimates, it is more likely than not that a portion of those assets will not be realized in a future period. In evaluating our valuation allowance, the Company considers the reversal of existing temporary differences, the existence of taxable income in prior carryback years, tax planning strategies and future taxable income for each of our taxable jurisdictions, the latter two of which involve the exercise of significant judgment. A significant piece of objective negative evidence during the year ended December 31, 2013 that was evaluated was the lack of sufficient taxable temporary differences to fully support realization of all of the deferred tax assets. Such objective evidence and other subjective evidence caused the Company to record a valuation allowance of $47.1 million at December 31, 2013. A significant piece of objective negative evidence evaluated during the year ended December 31, 2012 was the inability to utilize foreign tax credits. Such objective evidence and other subjective evidence caused the Company to evaluate foreign tax credits. Instead of recording a valuation allowance on these tax credits, the Company will claim a deduction for them on the U.S. tax return. | |||||||||||||
The components of deferred tax assets and liabilities were as follows (in thousands): | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Restated) | |||||||||||||
Deferred tax assets: | |||||||||||||
Net operating loss carry forwards | $ | 115,538 | $ | 96,070 | |||||||||
Foreign tax credits | 956 | 956 | |||||||||||
Other | 4,557 | 1,409 | |||||||||||
Total gross deferred tax assets | 121,051 | 98,435 | |||||||||||
Less: valuation allowance | (65,523 | ) | (18,120 | ) | |||||||||
Total deferred tax asset | 55,528 | 80,315 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Property and equipment | (12,404 | ) | (13,688 | ) | |||||||||
Multi-client library | (38,881 | ) | (72,981 | ) | |||||||||
Other | (4,244 | ) | (2,713 | ) | |||||||||
Total gross deferred tax liabilities | (55,528 | ) | (89,382 | ) | |||||||||
Deferred tax liabilities, net | $ | — | $ | (9,067 | ) | ||||||||
As of December 31, 2013, the Company had approximately $266.8 million in U.S. net operating loss carryforwards that expire beginning in 2026 and $80.4 million in non-U.S. net operating loss carryforwards and $67.7 million state loss carryforwards with various expiration periods. At December 31, 2013, the Company also had approximately $1.0 million in foreign tax credit carryforwards that expire beginning in 2016. | |||||||||||||
As of December 31, 2013, the Company had unremitted earnings of $1.1 million in certain foreign subsidiaries. U.S. Federal and State Income taxes have not been recognized on such earnings, as the Company would not incur any material taxes upon repatriation. | |||||||||||||
Unrecognized Tax Benefits (Liabilities for Uncertain Tax Matters): | |||||||||||||
The following table showed the change in the Company’s unrecognized tax benefits (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Restated) | |||||||||||||
Beginning unrecognized tax benefits | $ | 1,553 | $ | 2,323 | |||||||||
Additions based on tax positions taken in current year | - | - | |||||||||||
Additions based on tax positions of prior years | - | - | |||||||||||
Reductions due to settlements with taxing authorities | - | (770 | ) | ||||||||||
Reductions due to lapse of statutes of limitation | - | - | |||||||||||
Ending unrecognized tax benefits | $ | 1,553 | $ | 1,553 | |||||||||
As of December 31, 2013 and 2012, $1.6 million, respectively, of unrecognized tax benefits would affect the Company’s income tax expense and effective income tax rate if recognized in future periods. It is reasonably possible that the total amount of unrecognized tax benefits could change in the next twelve months. | |||||||||||||
The Company recognizes accrued interest related to unrecognized tax benefits and penalties as income tax expense. During 2013, the Company recognized no additional interest and penalties related to the unrecognized tax benefits noted above. The Company had $0.3 million accrued for the payment of interest and penalties as of December 31, 2013 and 2012, respectively. | |||||||||||||
The Company and its subsidiaries file income tax returns in the United States and various foreign jurisdictions. The Company is no longer subject to examinations by income tax authorities in most jurisdictions for years prior to 2009. | |||||||||||||
Note_8_Debt
Note 8 - Debt | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt Disclosure [Text Block] | ' | ||||||||
NOTE 8 – DEBT | |||||||||
Acceleration of Indebtedness under September 2013 Financing Agreement | |||||||||
By letter dated March 24, 2014, the Company’s prepetition senior secured lenders accelerated the payment of the Company’s obligations under the September 2013 Financing Agreement. The aggregate principal amount of debt outstanding under the September 2013 Financing Agreement as of the date of acceleration was $81.8 million. Under the indentures governing our the Senior Notes and some of the Company’s other debt obligations, the acceleration of the Company’s obligations under the September 2013 Financing Agreement constituted a cross default and would have allowed the holders of such debt to accelerate their respective obligations. The acceleration of these obligations, in part, results from defaults under the September 2013 Financing Agreement that were claimed to have existed at December 31, 2013. As a result, all debt obligations of the Company have been classified as current in the Consolidated Balance Sheet at December 31, 2013. | |||||||||
Senior Notes: As of December 31, 2013, the Company had outstanding $250.0 million aggregate principal amount of its 10.5% senior notes due 2017 (the “Senior Notes”). The Senior Notes represent general unsecured, senior obligations of the Company and are unconditionally guaranteed as to principal, premium, if any, and interest by the Company’s domestic subsidiaries on a senior unsecured basis. The Senior Notes were issued under two indentures with The Bank of New York Mellon Trust Company, N.A. (the “Trustee”). The following is a brief summary of the material terms and conditions of the Senior Notes’ Indentures. | |||||||||
Interest — The Senior Notes bear interest at a rate of 10.5% per annum and interest is paid semi-annually, in arrears, on May 1 and November 1 of each year. | |||||||||
Principal and Maturity — The Senior Notes were issued with a $250.0 million aggregate principal amount and will mature on May 1, 2017. | |||||||||
Optional Redemption by the Company — On or after May 1, 2014, the Company may redeem the Senior Notes at the following percentages of the original principal amount: (i) 105.250% from May 1, 2014 to April 30, 2015; (ii) 102.625% from May 1, 2015 to April 30, 2016; and (iii) 100% from May 1, 2016 and thereafter. | |||||||||
Repurchase Obligations by the Company — Upon a change of control of the Company (as defined in the Indentures), each holder of the Senior Notes may require the Company to purchase their Senior Notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of repurchase. | |||||||||
Events of Default — The Indentures relating to the Senior Notes contain restrictive covenants that limit, among other things, certain restricted payments in respect of the Company’s equity interests and any subordinated debt, dividend restrictions affecting subsidiaries, incurrence of additional indebtedness and issuances of disqualified stock, certain asset sales and mergers with other entities, and certain liens (other than permitted liens). | |||||||||
Senior Secured Term Loan Facility: On September 30, 2013, the Company entered into a Financing Agreement with TPG Specialty Lending, Inc. (“TPG”), as administrative agent and collateral agent, co-lead arranger and a lender, Tennenbaum Capital Partners, LLC (“TCP”), as colead arranger and a lender, and certain affiliates of TPG and TCP, as lenders (the “September 2013 Financing Agreement”). The September 2013 Financing Agreement provided for (i) a senior secured first lien term loan A in the amount of $82.8 million and (ii) a senior secured first lien delayed-draw term loan B in the amount of $22.2 million (together with term loan A, the “Facility”). The term loan A was funded at closing, and the proceeds of the term loan A were used to pay in full indebtedness outstanding under the Company’s then existing Revolving Credit Facility and to pay related fees and expenses. Subject to certain terms and conditions, the term loan B was available to be drawn after the closing date for potential future strategic acquisitions. The Facility matures on September 30, 2016. It was guaranteed by all of the Company’s domestic subsidiaries and secured by substantially all of the Company’s assets and those of the guarantors. Under the September 2013 Financing Agreement, loans bear interest, at the Company’s option, at either LIBOR plus 9.75% (subject to a LIBOR floor of 1%) or the alternate base rate (the highest of the federal funds effective rate plus ½ of 1%, The Wall Street Journal prime rate and the three-month LIBOR rate plus 1%, subject to a floor of 4%) plus 8.75%. The loans under the September 2013 Financing Agreement were subject to mandatory prepayments in certain instances including, without limitation, (i) with net proceeds of certain asset dispositions, casualty or condemnation events, equity and debt issuances and extraordinary receipts and (ii) in an amount equal to 75% of Consolidated Excess Cash Flow (as defined in the September 2013 Financing Agreement). The Company was subject to certain financial covenants under the September 2013 Financing Agreement that included the maintenance of the following financial covenants (in each case tested on a quarterly basis, based on the rolling four-quarter period that ends on the last day of each fiscal quarter and commencing as of the last day of the fiscal quarter ending December 31, 2013): (1) a Consolidated EBITDA (as defined in the September 2013 Financing Agreement) to Consolidated Fixed Charges (as defined in the September 2013 Financing Agreement) ratio of at least 1.00:1.00 initially and increasing to 1.25:1.00 over time, (2) a Consolidated Secured Leverage Ratio (as defined in the September 2013 Financing Agreement) of not more than 1.75:1.00 initially and decreasing to 1.00:1.00 over time, and (3) for any fiscal quarter in which Consolidated EBITDA for the period of four fiscal quarters then ended does not exceed the aggregate principal amount of loans outstanding under the Facility at such time, a net book value of Multi-client data greater than the aggregate principal amount of loans outstanding under the Facility. In addition, the Company must maintain at all times Consolidated Liquidity (as defined in the September 2013 Financing Agreement) of at least $10.0 million. In addition, the September 2013 Financing Agreement contains various covenants that, among other restrictions, limit the Company’s ability to | |||||||||
· | create, issue, incur or assume indebtedness; | ||||||||
· | create, incur or assume liens; engage in mergers or acquisitions; | ||||||||
· | sell, transfer, assign or convey assets; | ||||||||
· | repurchase the Company’s equity, make distributions to the Company’s equity holders and make certain other restricted payments; | ||||||||
· | make investments; | ||||||||
· | modify the terms of certain material agreements or prepay certain indebtedness; | ||||||||
· | engage in transactions with affiliates; | ||||||||
· | enter into certain burdensome agreements; | ||||||||
· | enter into sale-leaseback arrangements; | ||||||||
· | change the nature of the Company’s business; and | ||||||||
· | make certain amendments to the Company’s organizational documents. | ||||||||
The September 2013 Financing Agreement contained customary events of default. If an event of default occurs and is continuing, the Required Lenders (as defined in the September 2013 Financing Agreement) could have accelerated the amounts due under the September 2013 Financing Agreement (except with respect to a bankruptcy event of default, in which case such amounts will automatically become due and payable) and exercise other rights and remedies. In addition, if any event of default existed under the September 2013 Financing Agreement, the lenders could have commenced foreclosure or other actions against the collateral. | |||||||||
At December 31, 2013, the Company had $81.8 million of borrowings outstanding under the September 2013 Financing Agreement with a weighted average interest rate of 10.75%. | |||||||||
Bank of America Revolving Credit Facility: On April 30, 2010, the Company entered into a $50.0 million revolving credit facility maturing April 30, 2013 under the terms of a Credit Agreement (the “Revolving Credit Facility”) with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and each lender from time to time party thereto. On June 9, 2011, the Company amended the Revolving Credit Facility to provide for borrowings of up to $70.0 million under substantially similar terms. The loans under the Revolving Credit Facility bore interest at a rate equal to London Interbank Offered Rate (LIBOR) plus the Applicable Rate or the Base Rate plus the Applicable Rate. The Base Rate is defined as the higher of (x) the prime rate or (y) the Federal Funds rate plus 0.50%. The Applicable Rate is defined as a percentage determined in accordance with a pricing grid based upon the Company’s leverage ratio, that declines from LIBOR plus 4.00% or the prime rate plus 3.00% to a minimum rate equal to LIBOR plus 3.50% or the prime rate plus 2.50%. The Company could prepay borrowings under the Revolving Credit Facility at any time without penalty or premium, subject to reimbursement of the lenders’ breakage and redeployment costs in the case of prepayment of LIBOR borrowings. The Revolving Credit Facility also provided for a commitment fee of 0.75% per annum on the actual daily unused commitments. | |||||||||
On July 20, 2012, the Company further amended the Revolving Credit Facility (the “Third Amendment”), with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, Credit Suisse AG, Cayman Islands Branch, as Syndication Agent and a Lender, Barclays Bank PLC, and Citibank, N.A (collectively, the “Lenders” and individually, a “Lender”). Under the Third Amendment, the maximum amount of permitted borrowings under the Revolving Credit Facility was increased to $85.0 million until the initial Maturity Date of April 30, 2013, at which point the maximum amount of permitted borrowings was reduced to $67.5 million and the Maturity Date of the Revolving Credit Facility was extended to April 30, 2014 (the “Extended Maturity Date”). Under the Third Amendment, the Company, as Borrower, had the right to request an increase in lending commitments by an additional $10.0 million subject to the requirements of the Revolving Credit Facility until the Extended Maturity Date. | |||||||||
On April 24, 2013, the Company entered into the fourth amendment (the “Fourth Amendment”) to the Company’s Revolving Credit Facility with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, Barclays Bank PLC, and Citibank, N.A. The Company requested and certain of the Lenders agreed to assume a portion of certain expiring commitments and extend such Lenders’ respective Commitments and/or the expiration thereof on the terms and conditions set forth in the Amendment. Under the Fourth Amendment, the maximum amount of permitted borrowings under the Revolving Credit Facility was reduced to $80.0 million until September 30, 2013, at which point the maximum amount of permitted borrowings was further reduced to $67.5 million through April 30, 2014. | |||||||||
The Company paid off all borrowings under the Revolving Credit Facility with the proceeds from the September 2013 Financing Agreement and terminated the Revolving Credit Facility. | |||||||||
Promissory Notes: From time to time, the Company issues short-term promissory notes to various foreign financial institutions to finance equipment purchases and fund working capital needs in foreign operations. The balance outstanding under these promissory notes at December 31, 2013 and 2012 was $9.2 million and $10.4 million, respectively, at weighted average interest rates of 7.6% and 9.1%, respectively. | |||||||||
In January 2011, the Company issued a non-interest bearing promissory note related to the acquisition of STRM LLC. The balance outstanding under the promissory note at December 31, 2013 and 2012 was $0.6 million and $0.8 million, respectively. | |||||||||
Notes payable – insurance & maintenance: In exchange for insurance and maintenance services provided, the Company from time to time issues negotiable promissory notes. The balance outstanding under these promissory notes at December 31, 2013 and 2012 was $0.5 million and $0.8 million, respectively, at weighted average interest rates of 6.1% and 3.4%, respectively. | |||||||||
Letter of Credit Facility: In February 2007, the Company entered into a $10.0 million revolving line of credit which was secured by restricted cash. The terms of the letter of credit facility as currently written only allow for letters of credit to be drawn on the available credit; however, the cash balance in excess of the total outstanding letters of credit may be withdrawn at any time. At December 31, 2013 and 2012, the letters of credit outstanding were $1.0 million and $1.8 million, respectively. | |||||||||
Long-term debt consisted of the following (in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Senior notes | $ | 250,000 | $ | 250,000 | |||||
Senior Secured Term Loan Facility | 81,765 | - | |||||||
Revolving credit facility | - | 79,060 | |||||||
Promissory notes | 9,797 | 11,204 | |||||||
Notes payable - insurance | 513 | 806 | |||||||
342,075 | 341,070 | ||||||||
Less: unamortized discount | 5,533 | 6,850 | |||||||
336,542 | 334,220 | ||||||||
Less: current portion | 336,542 | 22,970 | |||||||
Total long-term debt, net of current portion and unamortized discount | $ | - | $ | 311,250 | |||||
As of December 31, 2013, future maturities of debt for each of the next five years and thereafter, taking into effect the current classification as a result of the Company’s bankruptcy as discussed in Note 1, were as follows (in thousands): | |||||||||
Year Ended December 31, | |||||||||
2014 | $ | 342,075 | |||||||
2015 | - | ||||||||
2016 | - | ||||||||
2017 | - | ||||||||
2018 | - | ||||||||
Thereafter | - | ||||||||
$ | 342,075 | ||||||||
Note_9_Fair_Value_of_Financial
Note 9 - Fair Value of Financial Instruments | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
NOTE 9 – FAIR VALUES OF FINANCIAL INSTRUMENTS | |||||||||||||||||
The Company follows ASU 2011-04, “Fair Value Measurement”, as it relates to financial assets and financial liabilities, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and expands disclosures about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit fair value measurements. | |||||||||||||||||
This guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Hierarchical levels, as defined in this guidance and directly related to the amount of subjectivity associated with the inputs to fair valuations of these assets and liabilities are as follows: | |||||||||||||||||
Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | |||||||||||||||||
Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||||||||||||||||
Level 3—Inputs that are both significant to the fair value measurement and unobservable. | |||||||||||||||||
The reported fair values for financial instruments that use Level 2 and Level 3 inputs to determine fair value are based on a variety of factors and assumptions. Accordingly, certain fair values may not represent actual values of the financial instruments that could have been realized at December 31, 2013 or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement. | |||||||||||||||||
In the normal course of operations, the Company is exposed to market risks arising from adverse changes in interest rates. Market risk is defined for these purposes as the potential for change in the fair value of debt instruments resulting from an adverse movement in interest rates. | |||||||||||||||||
The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and short-term debt approximate their fair value due to the short maturity of those instruments or variable rates of interest. Accordingly, they have been excluded from the table below. The fair value of the Notes is determined by multiplying the principal amount by the market price. The following table sets forth the level 1 fair value of the Company’s financial assets and liabilities at December 31, 2013 and 2012 (in thousands): | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||||
Amount | Value | Amount | Value | ||||||||||||||
$200.0 million senior notes | $ | 196,608 | $ | 152,000 | $ | 195,801 | $ | 178,000 | |||||||||
$50.0 million senior notes | $ | 47,859 | $ | 38,000 | $ | 47,349 | $ | 44,500 | |||||||||
The Company is not a party to any hedge arrangements, commodity swap agreements or other derivative financial instruments. | |||||||||||||||||
The Company utilizes foreign subsidiaries and branches to conduct operations outside of the United States. These operations expose the Company to market risks from changes in foreign exchange rates. | |||||||||||||||||
Note_10_Earnings_Loss_Per_Shar
Note 10 - Earnings (Loss) Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
NOTE 10 – EARNINGS (LOSS) PER SHARE | |||||||||||||
The Company follows ASC 260, “Earnings Per Share”, for share-based payments which are considered as participating securities. All share-based payment awards that contained non-forfeitable rights to dividends, whether paid or unpaid, were designated as participating securities and included in the computation of earnings per share. | |||||||||||||
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
Net income (loss) | $ | (153,514 | ) | $ | (15,586 | ) | $ | 4,933 | |||||
Less: Preferred stock dividend | 50 | — | — | ||||||||||
Net income (loss), attributable to common stockholders | $ | (153,564 | ) | $ | (15,586 | ) | $ | 4,933 | |||||
Weighted average shares outstanding: | |||||||||||||
Basic | 38,049 | 37,319 | 36,666 | ||||||||||
Diluted | — | — | — | ||||||||||
Total | 38,049 | 37,319 | 36,666 | ||||||||||
Basic income (loss) per share | $ | (4.03 | ) | $ | (0.42 | ) | $ | 0.13 | |||||
Diluted income (loss) per share | $ | (4.03 | ) | $ | (0.42 | ) | $ | 0.13 | |||||
For the years ended December 31, 2013, 2012 and 2011, 2,426,000, 1,893,200 and 2,386,700 stock options have been excluded from diluted earnings per share because they are anti-dilutive, respectively. | |||||||||||||
Note_11_Stockbased_Compensatio
Note 11 - Stock-based Compensation | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
NOTE 11 – STOCK-BASED COMPENSATION | |||||||||||||||||
The Company follows ASC 718, “Compensation – Stock Compensation” , for share-based payments which requires all stock-based payments, including stock options, to be recognized as an operating expense over the vesting period, based on their grant date fair values. | |||||||||||||||||
In July 2006, the Company’s board of directors and stockholders adopted the Global Geophysical Services, Inc. 2006 Incentive Compensation Plan (the “2006 Incentive Plan”). The 2006 Incentive Plan provides for a variety of incentive awards, including nonstatutory stock options, incentive stock options within the meaning of Section 422 of the Internal Revenue Code (the “Code”), stock appreciation rights, restricted stock awards, restricted stock unit awards, performance-based awards, and other stock-based awards. A total of 9,203,058 shares of common stock are reserved for issuance under the 2006 Incentive Plan. At December 31, 2013, 5,914,600 options have been granted and 3,488,600 have been forfeited. | |||||||||||||||||
Incentive Stock Options: The Company estimates the fair value of each stock option on the date of grant using the Black-Scholes-Merton valuation model. The volatility is based on expected volatility over the expected life of eighty-four months. As the Company has not historically declared dividends, the dividend yield used in the calculation is zero. Actual value realized, if any, is dependent on the future performance of the Company’s common stock and overall stock market conditions. There is no assurance the value realized by an optionee will be at or near the value estimated by the Black-Scholes-Merton model. | |||||||||||||||||
The Company did not grant any stock options during the year ended December 31, 2012. The following assumptions were used for the years ended December 31, 2013 and 2011: | |||||||||||||||||
Year Ended December 31, | |||||||||||||||||
2013 | 2011 | ||||||||||||||||
Risk-free interest rates | 1.67 | % | 2.68 | % | |||||||||||||
Expected lives (in years) | 7 | 7 | |||||||||||||||
Expected dividend yield | — | — | |||||||||||||||
Expected volatility | 75.37 | % | 59.08 | % | |||||||||||||
The computation of expected volatility during the year ended December 31, 2013 was based on the historical volatility. Historical volatility was calculated from historical data for the time approximately equal to the expected term of the option award starting from the grant date. The risk-free interest rate assumption is based upon the U.S. Treasury yield curve in effect at the time of grant for the period corresponding with the expected life of the option. | |||||||||||||||||
A summary of the activity of the Company’s stock option plans for the years ended December 31, 2013, 2012 and 2011 is presented below: | |||||||||||||||||
Number of Optioned Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term in Years | Weighted Average Optioned Grant Date Fair Value | ||||||||||||||
Balance at January 1, 2011 | 2,884,100 | $ | 22.93 | $ | 6.04 | ||||||||||||
Expired | — | — | — | ||||||||||||||
Granted | 65,000 | 21.92 | 13.49 | ||||||||||||||
Exercised | — | — | — | ||||||||||||||
Forfeited | (562,400 | ) | 23.11 | 8.02 | |||||||||||||
Balance at December 31, 2011 | 2,386,700 | 22.86 | 5.78 | ||||||||||||||
Expired | — | — | — | ||||||||||||||
Granted | — | — | — | ||||||||||||||
Exercised | — | — | — | ||||||||||||||
Forfeited | (493,500 | ) | 22.85 | 7.61 | |||||||||||||
Balance at December 31, 2012 | 1,893,200 | 22.87 | 5.3 | ||||||||||||||
Expired | — | — | — | ||||||||||||||
Granted | 1,084,200 | 3.39 | 3.39 | ||||||||||||||
Exercised | — | — | — | ||||||||||||||
Forfeited | (551,400 | ) | 20.86 | 4.83 | |||||||||||||
Balance at December 31, 2013 | 2,426,000 | $ | 14.62 | 4.62 | $ | 4.52 | |||||||||||
Exercisable at December 31, 2013 | 1,328,225 | $ | 22.56 | 4.56 | $ | 5.37 | |||||||||||
Outstanding options at December 31, 2013 expire during the period April 2017 to November 2023 and have exercise prices ranging from $2.01 to $30.00. | |||||||||||||||||
Compensation expense associated with stock options of $1.6 million, $1.4 million and $1.7 million for the years ended December 31, 2013, 2012 and 2011, respectively, was included in selling, general and administrative expenses in the Consolidated Statements of Operations. At December 31, 2013 and 2012, the Company had approximately 1,097,775 and 273,650 shares of non-vested stock option awards, respectively. The total cost of non-vested stock option awards that the Company had not yet recognized at December 31, 2013 and 2012 was approximately $2.3 million and $1.4 million, respectively. Such amount at December 31, 2013 is expected to be recognized approximately over a period of 4 years. | |||||||||||||||||
Restricted Stock: To encourage retention and performance, the Company granted certain employees and consultants restricted shares of common stock with a fair value per share determined by multiplying the stock price on the date of the award by the number of shares awarded. Generally, the stock vests over a 3 year period. A summary of the activity of the Company’s restricted stock awards for the years ended December 31, 2013, 2012 and 2011 is presented below: | |||||||||||||||||
Number of Nonvested Restricted | Weighted Average Grant Date | ||||||||||||||||
Share Awards | Fair Value | ||||||||||||||||
Balance at January 1, 2011 | 595,053 | $ | 9.9 | ||||||||||||||
Granted | 755,100 | 11.4 | |||||||||||||||
Vested | (185,698 | ) | 9.25 | ||||||||||||||
Forfeited | (169,619 | ) | 11.42 | ||||||||||||||
Balance at December 31, 2011 | 994,836 | 10.84 | |||||||||||||||
Granted | 636,338 | 5.09 | |||||||||||||||
Vested | (375,741 | ) | 11.78 | ||||||||||||||
Forfeited | (278,457 | ) | 10.91 | ||||||||||||||
Balance at December 31, 2012 | 976,976 | 6.72 | |||||||||||||||
Granted | 553,647 | 3.32 | |||||||||||||||
Vested | (289,378 | ) | 10.98 | ||||||||||||||
Forfeited | (248,640 | ) | 9.54 | ||||||||||||||
Nonvested Restricted Shares Outstanding at December 31, 2013 | 992,605 | $ | 2.87 | ||||||||||||||
Compensation expense associated with restricted stock for the years ended December 31, 2013, 2012 and 2011 was $4.8 million, $4.6 million and $3.7 million, respectively, and was included in selling, general and administrative expenses in the Consolidated Statements of Operations. The total cost of non-vested stock awards which the Company had not yet recognized at December 31, 2013 and 2012 was approximately $3.0 million and $6.2 million, respectively. This amount at December 31, 2013 is expected to be recognized over the next 3 years. | |||||||||||||||||
Performance Unit Awards: During the year ended December 31, 2013, the Company granted 1,214,950 performance unit awards, each of which contains a market condition, to executives and other key employees of the Company. The performance units granted may settle between zero and two shares of the Company’s common stock. The number of shares issued pursuant to the performance unit awards will be determined based on a number of factors, including total shareholder return of the Company’s common stock as compared to a group of peer companies measured over a three-year performance period. Expense associated with the performance unit awards for the year ended December 31, 2013 was $1.6 million. | |||||||||||||||||
The fair value as of the grant date of each performance unit is determined based on a fair value from a Monte Carlo Simulation model to simulate the Company's stock prices in order to measure the Total Shareholder Return (TSR) relative to other companies in the TSR peer group. The model also includes other company-specific metrics that are factored into the fair value of the performance units. The fair value of each performance unit is amortized to compensation expense over the vesting period if achievement of the performance measures is considered probable. At December 31, 2013, there were 1,181,350 performance units outstanding. | |||||||||||||||||
As summary of the activity of the Company's performance units awards for the year ended December 31, 2013 is presented below: | |||||||||||||||||
Number of Performance Units | Weighted Average Grant Date | ||||||||||||||||
Fair Value per Unit | |||||||||||||||||
Balance as of January 1, 2013 | — | $ | — | ||||||||||||||
Granted | 1,214,950 | $ | 7.7 | ||||||||||||||
Vested | — | $ | — | ||||||||||||||
Forfeited | (33,600 | ) | $ | 7.7 | |||||||||||||
Balance as of December 31, 2013 | 1,181,350 | $ | 7.7 | ||||||||||||||
As of December 31, 2013, there was $7.3 million of unrecognized compensation related to the performance units. This is expected to be recognized over 2 years. | |||||||||||||||||
Employee Stock Purchase Plan: The Company maintains an Employee Stock Purchase Plan (“ESPP”), under which employees can choose to have a portion of their earnings withheld, subject to certain restrictions, to purchase the Company's common stock. The purchase price of the stock is 85% of the lower of the stock price at the beginning or end of the plan period at three-month intervals. The expense related to the ESPP for the year ended December 31, 2013 and 2012 was immaterial to the consolidated financial statements. | |||||||||||||||||
Note_12_Segment_Information
Note 12 - Segment Information | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
NOTE 12 – SEGMENT INFORMATION | |||||||||||||||||
In accordance with the way management views the business, the Company has two reportable segments: Proprietary Services and Multi-client Services. | |||||||||||||||||
The following table sets forth significant information concerning the Company’s reportable segments at and for the years ended December 31, 2013, 2012 and 2011 (in thousands). Proprietary Services accounted for 52%, 54%, and 54% of total revenues for the years ended December 31, 2013, 2012 and 2011, respectively, and Multi-client Services accounted for 48%, 46%, and 46% of total revenues for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||
Proprietary Services | Multi-client Services | Corporate | Total | ||||||||||||||
Year Ended December 31, 2013: | |||||||||||||||||
Revenues | $ | 151,163 | $ | 137,496 | $ | - | $ | 288,659 | |||||||||
Operating expenses (1) (2) | 140,033 | 99,879 | 21,743 | 261,655 | |||||||||||||
Multi-client data library impairment | - | 88,223 | - | 88,223 | |||||||||||||
Goodwill impairment | - | - | 1,414 | 1,414 | |||||||||||||
SG&A and Multi-client data library commissions | - | 14,784 | 51,410 | 66,194 | |||||||||||||
Gain on disposal of property and equipment | - | - | (8,624 | ) | (8,624 | ) | |||||||||||
Operating income (loss) | $ | 11,130 | $ | (65,390 | ) | $ | (65,943 | ) | $ | (120,203 | ) | ||||||
Segment Assets | $ | 50,148 | $ | 208,894 | $ | 133,865 | $ | 392,907 | |||||||||
Year Ended December 31, 2012: (Restated) | |||||||||||||||||
Revenues | $ | 183,513 | $ | 155,916 | $ | - | $ | 339,429 | |||||||||
Operating expenses (1) (2) | 142,907 | 102,881 | 17,077 | 262,865 | |||||||||||||
Multi-client data library impairment | - | - | - | - | |||||||||||||
Goodwill impairment | - | - | - | - | |||||||||||||
SG&A and Multi-client data library commissions | - | - | 51,346 | 51,346 | |||||||||||||
Gain on disposal of property and equipment | - | - | (15,706 | ) | (15,706 | ) | |||||||||||
Operating income (loss) | $ | 40,606 | $ | 53,035 | $ | (52,717 | ) | $ | 40,924 | ||||||||
Segment Assets | $ | 26,843 | $ | 336,583 | $ | 184,260 | $ | 547,686 | |||||||||
Year Ended December 31, 2011: (Restated) | |||||||||||||||||
Revenues | $ | 207,068 | $ | 177,741 | $ | - | $ | 384,809 | |||||||||
Operating expenses (1) (2) | 169,966 | 112,082 | 16,400 | 299,168 | |||||||||||||
Multi-client data library impairment | - | - | - | - | |||||||||||||
Goodwill impairment | - | - | - | - | |||||||||||||
SG&A and Multi-client data library commissions | - | - | 43,962 | 43,962 | |||||||||||||
Gain on disposal of property and equipment | - | - | (1,683 | ) | (1,683 | ) | |||||||||||
Operating income (loss) | $ | 37,102 | $ | 64,939 | $ | (58,679 | ) | $ | 43,362 | ||||||||
Segment Assets | $ | 54,965 | $ | 276,273 | $ | 175,321 | $ | 506,559 | |||||||||
(1) Corporate operating expenses represent depreciation expense, (net) associated with the assets used during the period. | |||||||||||||||||
(2) Multi-client Services operating expenses represent data library revenue and backstop amortization expense. | |||||||||||||||||
Note_13_Employee_Benefit_Plans
Note 13 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2013 | |
Compensation and Retirement Disclosure [Abstract] | ' |
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' |
NOTE 13 – EMPLOYEE BENEFIT PLANS | |
The Company provides a 401(k) plan as part of its employee benefits package in order to retain quality personnel. During 2013, 2012 and 2011, the Company made matching contributions equal to 100% of the first 3% and 50% of the next 2% of eligible compensation contributed by participating personnel. The Company’s matching contributions for the years ended December 31, 2013, 2012 and 2011 were approximately $1.0 million, $1.0 million and $0.8 million, respectively. | |
Note_14_Commitments_and_Contin
Note 14 - Commitments and Contingencies | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||||||
NOTE 14 – COMMITMENTS AND CONTINGENCIES | |||||||||
Capital Leases: From time to time, the Company enters into leases and sale and leaseback transactions to acquire certain seismic equipment, computer equipment and vehicles that are accounted for as capital leases. The balance outstanding under these capital leases at December 31, 2013 and 2012 was $5.8 million and $9.8 million, respectively, at weighted average interest rates of 5.7% and 5.3%, respectively. | |||||||||
Operating Leases: The Company leases certain office space and other property under non-cancellable operating lease agreements, which expire at various dates and require various minimum annual rentals. | |||||||||
The following table summarizes future commitments under operating and capital leases which have initial or remaining terms in excess of one year at December 31, 2013, for each of the years remaining and in the aggregate (in thousands): | |||||||||
Operating Leases | Capital Leases | ||||||||
Year Ended December 31, | |||||||||
2014 | $ | 8,470 | $ | 6,042 | |||||
2015 | 1,380 | — | |||||||
2016 | 595 | — | |||||||
2017 | 196 | — | |||||||
2018 | 16 | — | |||||||
Thereafter | — | — | |||||||
Total future minimum lease payments | $ | 10,657 | 6,042 | ||||||
Less: amounts representing interest | 278 | ||||||||
Present value of net minimum lease payments | 5,764 | ||||||||
Less: current portion | 5,764 | ||||||||
Long-term portion | $ | — | |||||||
The Company has included the assets associated with the capital leases in property and equipment. At December 31, 2013 and 2012, the cost of the assets under capital leases was $10.1 million and $22.4 million, respectively, and accumulated depreciation of the assets was $2.3 million and $5.4 million, respectively. | |||||||||
Rental expense for operating leases for the years ended December 31, 2013, 2012 and 2011 was approximately $14.6 million, $23.1 million and $22.3 million, respectively. | |||||||||
Litigation: We are subject to lawsuits, investigations and claims arising in the ordinary conduct of our business. Although we cannot predict with certainty the ultimate resolution of lawsuits, investigations and claims asserted against us, we do not believe that an adverse decision in any currently pending legal proceedings to which we are a party will have a material adverse effect on our financial condition. For a description of certain legal proceedings affecting the Company, see the information described in Note 20 Subsequent Events under the captions “Voluntary Reorganization under Chapter 11,” “Securities Litigation” and “SEC Investigation,” which information is incorporated into this Note 14 by reference. | |||||||||
Note_15_Supplemental_Cash_Flow
Note 15 - Supplemental Cash Flow Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||
Cash Flow, Supplemental Disclosures [Text Block] | ' | ||||||||||||
NOTE 15 – SUPPLEMENTAL CASH FLOW INFORMATION | |||||||||||||
The following is supplemental cash flow information (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Interest paid | $ | 32,733 | $ | 29,235 | $ | 23,435 | |||||||
Income taxes paid | $ | 3,847 | $ | 7,570 | $ | 8,922 | |||||||
The following is supplemental disclosure of non-cash investing and financing activities (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
Non-cash multi-client asset recorded as deferred revenue | $ | - | $ | 64 | $ | 2,205 | |||||||
Note payable related to purchase of business | $ | - | - | $ | 1,000 | ||||||||
Original issue discount on notes payable | $ | - | $ | 3,000 | $ | - | |||||||
Non-cash property and equipment additions associated with swap of property and equipment | $ | - | $ | 7,677 | $ | - | |||||||
Non-cash property and equipment additions associated with data swap | $ | 1,748 | $ | 1,751 | - | ||||||||
Property and equipment sale financed through note receivable | $ | 1,160 | $ | 2,329 | $ | 1,520 | |||||||
Property and equipment additions financed through capital leases | $ | 2,405 | $ | 7,640 | $ | 14,538 | |||||||
Purchase price not paid at close of acquisition | $ | - | $ | 2,993 | $ | 1,850 | |||||||
Investment in unconsolidated subsidiaries | $ | - | $ | - | $ | 958 | |||||||
Property and equipment additions transferred from inventory | $ | 11,864 | $ | - | $ | - | |||||||
Inventory additions transferred from property and equipment | $ | 2,641 | $ | - | $ | - | |||||||
Property and equipment additions transferred from held-for-sale | $ | 4,292 | $ | - | $ | - | |||||||
Held-for-sale additions transferred from property and equipment | $ | - | $ | 4,878 | $ | - | |||||||
Option payable recorded against additional paid in capital | $ | - | $ | - | $ | 702 | |||||||
Sale and leaseback financed through note receivable | $ | 3,165 | $ | - | $ | - | |||||||
Capitalized depreciation for Multi-client library | $ | 4,121 | $ | 11,329 | $ | 16,900 | |||||||
Holdback on disposition of property and equipment proceeds | $ | 400 | $ | - | $ | - | |||||||
Settlement of non-controlling interest through disposition of property and equipment | $ | 855 | $ | - | $ | - | |||||||
Liability settled through equity | $ | 435 | $ | 525 | $ | - | |||||||
Note_16_Customer_Concentration
Note 16 - Customer Concentrations | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Risks and Uncertainties [Abstract] | ' | ||||||||||||||||||||||||
Concentration Risk Disclosure [Text Block] | ' | ||||||||||||||||||||||||
NOTE 16 – CUSTOMER CONCENTRATIONS | |||||||||||||||||||||||||
The Company’s revenues are to customers whose activities relate to oil and gas exploration and production. In general, the Company does not require collateral from its customers. Therefore, the collection of receivables may be affected by the economy surrounding the oil and gas industry. For the years ended December 31, 2013, 2012 and 2011, customers representing more than 10% of the Company’s revenues and accounts receivable at the balance sheet dates are listed in the table below (in millions): | |||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 (Restated) | 2011 (Restated) | |||||||||||||||||||||||
Revenues | % of Total | Revenues | % of Total | Revenues | % of Total | ||||||||||||||||||||
Largest client | $ | 31.6 | 11 | % | $ | 52.5 | 15 | % | $ | 63.8 | 17 | % | |||||||||||||
Second largest client | — | — | — | — | 51.4 | 13 | % | ||||||||||||||||||
Total | $ | 31.6 | 11 | % | $ | 52.5 | 15 | % | $ | 115.2 | 30 | % | |||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 (Restated) | 2011 (Restated) | |||||||||||||||||||||||
Accounts Receivable | % of Total | Accounts Receivable | % of Total | Accounts Receivable | % of Total | ||||||||||||||||||||
Largest client | $ | — | — | $ | 0.5 | 1 | % | $ | 10.8 | 12 | % | ||||||||||||||
Second largest client | — | — | — | — | 6.7 | 8 | % | ||||||||||||||||||
Total | $ | — | — | $ | 0.5 | 1 | % | $ | 17.5 | 20 | % | ||||||||||||||
For the years ended December 31, 2013, 2012 and 2011, revenues from all geographic areas outside of the United States were $102.7 million, $163.3 million and $179.5 million, representing 36%, 48% and 47% of total revenues, respectively. | |||||||||||||||||||||||||
Note_17_Recently_Issued_Accoun
Note 17 - Recently Issued Accounting Standards | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | ' |
NOTE 17 – RECENTLY ISSUED ACCOUNTING STANDARDS | |
In July 2013, the FASB issued Accounting Standards Update No. 2013-ll, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists" (ASU 2013-11). ASU 2013-11 states that an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward, if available at the reporting date under the applicable tax law to settle any additional income taxes that would result from the disallowance of a tax position. If the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability. The amendments in ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not expect ASU 2013-11 to have a material impact on the Company's financial position or results of operations. | |
Note_18_Preferred_Stock
Note 18 - Preferred Stock | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block Supplement [Abstract] | ' |
Preferred Stock [Text Block] | ' |
NOTE 18 – PREFERRED STOCK | |
In December 2013, the Company issued 347,827 depositary shares (the "Depositary Shares") each representing a 1/1000th ownership interest in a share of the Company's 11.5% Series A Cumulative Preferred Stock, with a liquidation preference of $25,000 per preferred share ($25.00 per Depositary Share). Holders of the Series A Preferred Stock are entitled to cumulative dividends (whether or not declared) at the rate of 11.5% per year of the liquidation preference per share of the Preferred Stock (equivalent to an annual rate of $2,875 per preferred share or an annual rate of $2.875 per Depositary Share). | |
Note_19_Guarantees_of_Register
Note 19 - Guarantees of Registered Securities | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Guarantees [Abstract] | ' | ||||||||||||||||
Guarantees [Text Block] | ' | ||||||||||||||||
NOTE 19 – GUARANTEES OF REGISTERED SECURITIES | |||||||||||||||||
On August 3, 2010, the Company filed a registration statement on Form S-4 with the Securities and Exchange Commission. Under this registration statement, the Company exchanged $200.0 million of its publicly registered 10.5% senior notes due 2017 for a like amount of its privately placed 10.5% senior notes due 2017. The debt securities sold are fully and unconditionally guaranteed, on a joint and several basis, by the guarantor subsidiaries which will correspond to all subsidiaries located in the United States. | |||||||||||||||||
On July 26, 2012, the Company filed a registration statement on Form S-4 with the Securities and Exchange Commission. Under this registration statement, the Company exchanged $50.0 million in aggregate principal amount of its 10.5% Senior Notes due 2017 that have been registered under the Securities Act of 1933, as amended, for an identical principal amount of existing 10.5% Senior Notes due 2017 that were sold in a private offering completed on March 28, 2012. The debt securities sold are fully and unconditionally guaranteed, on a joint and several basis, by the guarantor subsidiaries which will correspond to all subsidiaries located in the United States. | |||||||||||||||||
Separate condensed consolidating financial statement information for the guarantor subsidiaries and non-guarantor subsidiaries as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands): | |||||||||||||||||
As of December 31, 2013 | |||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||
BALANCE SHEET | |||||||||||||||||
ASSETS | |||||||||||||||||
Current assets: | $ | 139,442 | $ | 8,001 | $ | (56,918 | ) | $ | 90,525 | ||||||||
Multi-client library, net | 191,080 | 1,350 | - | 192,430 | |||||||||||||
Property and equipment, net | 78,589 | 1,104 | - | 79,693 | |||||||||||||
Investment in subsidiaries | 1 | - | (1 | ) | - | ||||||||||||
Intercompany accounts | 22,283 | (22,278 | ) | (5 | ) | - | |||||||||||
Other non-current assets | 30,195 | 64 | - | 30,259 | |||||||||||||
TOTAL ASSETS | $ | 461,590 | $ | (11,759 | ) | $ | (56,924 | ) | $ | 392,907 | |||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||
Current liabilities | $ | 430,658 | $ | 52,247 | $ | (56,923 | ) | $ | 425,982 | ||||||||
Long-term debt and capital lease obligations, net of current portion and unamortized discount | - | - | - | - | |||||||||||||
Deferred income taxes and other non-current liabilities | 254 | - | - | 254 | |||||||||||||
TOTAL LIABILITIES | 430,912 | 52,247 | (56,923 | ) | 426,236 | ||||||||||||
Stockholders’ equity (deficit) | 30,678 | (64,006 | ) | (1 | ) | (33,329 | ) | ||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 461,590 | $ | (11,759 | ) | $ | (56,924 | ) | $ | 392,907 | |||||||
As of December 31, 2012 (Restated) | |||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||
BALANCE SHEET | |||||||||||||||||
ASSETS | |||||||||||||||||
Current assets: | $ | 150,375 | $ | 21,761 | $ | (60,854 | ) | $ | 111,282 | ||||||||
Multi-client library, net | 309,134 | 36 | - | 309,170 | |||||||||||||
Property and equipment, net | 92,326 | 3,043 | - | 95,369 | |||||||||||||
Investment in subsidiaries | 1 | - | (1 | ) | - | ||||||||||||
Intercompany accounts | 20,589 | (20,589 | ) | - | - | ||||||||||||
Other non-current assets | 31,728 | 137 | - | 31,865 | |||||||||||||
TOTAL ASSETS | $ | 604,153 | $ | 4,388 | $ | (60,855 | ) | $ | 547,686 | ||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||
Current liabilities | $ | 106,293 | $ | 58,612 | $ | (60,854 | ) | $ | 104,051 | ||||||||
Long-term debt and capital lease obligations, net of current portion and unamortized discount | 315,426 | - | - | 315,426 | |||||||||||||
Deferred income taxes and other non-current liabilities | 23,987 | - | - | 23,987 | |||||||||||||
TOTAL LIABILITIES | 445,706 | 58,612 | (60,854 | ) | 443,464 | ||||||||||||
Stockholders’ equity (deficit) | 158,447 | (54,224 | ) | (1 | ) | 104,222 | |||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 604,153 | $ | 4,388 | $ | (60,855 | ) | $ | 547,686 | ||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||
STATEMENT OF OPERATIONS | |||||||||||||||||
Revenues | $ | 247,401 | $ | 48,887 | $ | (7,629 | ) | $ | 288,659 | ||||||||
Operating expenses | 223,539 | 44,788 | (6,672 | ) | 261,655 | ||||||||||||
Multi-client data library impairment | 88,223 | - | - | 88,223 | |||||||||||||
Goodwill impairment | 1,414 | - | - | 1,414 | |||||||||||||
Multi-client data library commissions | 14,784 | - | - | 14,784 | |||||||||||||
Selling, general and administrative expenses | 40,815 | 11,552 | (957 | ) | 51,410 | ||||||||||||
Gain or disposal of property and equipment | (8,624 | ) | - | - | (8,624 | ) | |||||||||||
Income (loss) from operations | (112,750 | ) | (7,453 | ) | - | (120,203 | ) | ||||||||||
Interest expense, net | (35,693 | ) | (152 | ) | - | (35,845 | ) | ||||||||||
Other expense, net | (446 | ) | (690 | ) | - | (1,136 | ) | ||||||||||
Income (loss) before income taxes | (148,889 | ) | (8,295 | ) | - | (157,184 | ) | ||||||||||
Income tax expense (benefit) | (4,846 | ) | 1,488 | - | (3,358 | ) | |||||||||||
Loss after income taxes | (144,043 | ) | (9,783 | ) | - | (153,826 | ) | ||||||||||
Net loss, attributable to non-controlling interests | (312 | ) | - | - | (312 | ) | |||||||||||
Net income (loss), attributable to common stockholders | $ | (143,731 | ) | $ | (9,783 | ) | $ | - | $ | (153,514 | ) | ||||||
Year Ended December 31, 2012 (Restated) | |||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||
STATEMENT OF OPERATIONS | |||||||||||||||||
Revenues | $ | 222,167 | $ | 127,402 | $ | (10,140 | ) | $ | 339,429 | ||||||||
Operating expenses | 162,602 | 109,213 | (8,950 | ) | 262,865 | ||||||||||||
Multi-client data library impairment | - | - | - | - | |||||||||||||
Goodwill impairment | - | - | - | - | |||||||||||||
Multi-client data library commissions | - | - | - | - | |||||||||||||
Selling, general and administrative expenses | 27,492 | 25,043 | (1,189 | ) | 51,346 | ||||||||||||
Gain or disposal of property and equipment | (15,446 | ) | (260 | ) | - | (15,706 | ) | ||||||||||
Income (loss) from operations | 47,519 | (6,594 | ) | (1 | ) | 40,924 | |||||||||||
Interest expense, net | (31,764 | ) | 14 | - | (31,750 | ) | |||||||||||
Other expense, net | (2,255 | ) | (1,905 | ) | 1 | (4,159 | ) | ||||||||||
Income (loss) before income taxes | 13,500 | (8,485 | ) | - | 5,015 | ||||||||||||
Income tax expense (benefit) | 15,670 | 5,233 | - | 20,903 | |||||||||||||
Loss after income taxes | (2,170 | ) | (13,718 | ) | - | (15,888 | ) | ||||||||||
Net loss, attributable to non-controlling interests | (302 | ) | - | - | (302 | ) | |||||||||||
Net income (loss), attributable to common stockholders | $ | (1,868 | ) | $ | (13,718 | ) | $ | - | $ | (15,586 | ) | ||||||
Year Ended December 31, 2011 (Restated) | |||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||
STATEMENT OF OPERATIONS | |||||||||||||||||
Revenues | $ | 305,119 | $ | 89,133 | $ | (9,443 | ) | $ | 384,809 | ||||||||
Operating expenses | 216,669 | 90,887 | (8,388 | ) | 299,168 | ||||||||||||
Multi-client data library impairment | - | - | - | - | |||||||||||||
Goodwill impairment | - | - | - | - | |||||||||||||
Multi-client data library commissions | - | - | - | - | |||||||||||||
Selling, general and administrative expenses | 32,686 | 12,331 | (1,055 | ) | 43,962 | ||||||||||||
Gain or disposal of property and equipment | (885 | ) | (798 | ) | - | (1,683 | ) | ||||||||||
Income (loss) from operations | 56,649 | (13,287 | ) | - | 43,362 | ||||||||||||
Interest expense, net | (25,347 | ) | 18 | - | (25,329 | ) | |||||||||||
Other expense, net | 910 | (1,439 | ) | - | (529 | ) | |||||||||||
Income (loss) before income taxes | 32,212 | (14,708 | ) | - | 17,504 | ||||||||||||
Income tax expense (benefit) | 9,213 | 3,380 | - | 12,593 | |||||||||||||
Income (loss) after income taxes | 22,999 | (18,088 | ) | - | 4,911 | ||||||||||||
Net income (loss), attributable to non-controlling interests | (22 | ) | - | - | (22 | ) | |||||||||||
Net income (loss), attributable to common stockholders | $ | 23,021 | $ | (18,088 | ) | $ | - | $ | 4,933 | ||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||
STATEMENT OF CASH FLOWS | |||||||||||||||||
Net cash provided by (used in) operating activities | $ | 62,674 | $ | (4,514 | ) | $ | — | $ | 58,160 | ||||||||
Net cash used in investing activities | (58,612 | ) | (2,057 | ) | — | (60,669 | ) | ||||||||||
Net cash provided by (used in) financing activities | (3,356 | ) | 1,406 | — | (1,950 | ) | |||||||||||
Net increase (decrease) in cash and cash equivalents | $ | 706 | $ | (5,165 | ) | $ | — | $ | (4,459 | ) | |||||||
Year Ended December 31, 2012 (Restated) | |||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||
STATEMENTS OF CASH FLOWS | |||||||||||||||||
Net cash provided by operating activities | $ | 117,016 | $ | 4,968 | $ | - | $ | 121,984 | |||||||||
Net cash used in investing activities | (158,955 | ) | (8,102 | ) | - | (167,057 | ) | ||||||||||
Net cash provided by (used in) financing activities | 49,161 | (2,254 | ) | - | 46,907 | ||||||||||||
Net increase (decrease) in cash and cash equivalents | $ | 7,222 | $ | (5,388 | ) | $ | - | $ | 1,834 | ||||||||
Year Ended December 31, 2011 (Restated) | |||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||
STATEMENT OF CASH FLOWS | |||||||||||||||||
Net cash provided by operating activities | $ | 127,309 | $ | 7,792 | $ | — | $ | 135,101 | |||||||||
Net cash used in investing activities | (195,728 | ) | (4,216 | ) | — | (199,944 | ) | ||||||||||
Net cash provided by financing activities | 55,701 | 2,430 | — | 58,131 | |||||||||||||
Net increase (decrease) in cash and cash equivalents | $ | (12,718 | ) | $ | 6,006 | $ | — | $ | (6,712 | ) | |||||||
Note_20_Subsequent_Events
Note 20 - Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
NOTE 20 – SUBSEQUENT EVENTS | |
The Company evaluates events and transactions that occur after the balance sheet date but before the consolidated financial statements are issued. The Company evaluated such events and transactions through the date when the consolidated financial statements were filed electronically with the Securities and Exchange Commission. | |
Termination of Term Loan B Commitments | |
On January 31, 2014, Company terminated the commitments in respect of the Term Loan B under the September 2013 Financing Agreement. | |
Debtor-in-Possession Financing | |
In connection with filing the Voluntary Petitions, the Debtors filed motions seeking Bankruptcy Court approval of a senior secured debtor-in-possession credit facility, as detailed in a commitment letter and term sheet, among the Company, as borrower, each of the direct and indirect domestic subsidiaries of the Company designated therein, as guarantors, certain holders of the Senior Notes (collectively, the “Backstop Parties”), and Wilmington Trust, National Association, as administrative agent and collateral agent. The initial debtor-in-possession credit facility provided for a super-priority senior secured term loan facility in an aggregate principal amount of $60.0 million to be drawn upon in two or more tranches: (i) $25.0 million (the “Initial DIP Loan”) upon entry of the interim order of the Bankruptcy Court (the “Interim Order”); and (ii) $35.0 million upon entry of an order by the Bankruptcy Court approving the loans on a final basis (the “Final Order”). | |
On March 28, 2014, the Bankruptcy Court entered the Interim Order approving the Initial DIP Loan over the objection of the Debtors’ prepetition secured lenders, and the Initial DIP Loan was funded. | |
On April 14, 2014, the Debtors filed a supplemental motion for entry of a final order authorizing the Debtors to obtain postpetition financing, refinance the prepetition secured indebtedness and approve a related settlement with the prepetition secured lenders, including authorizing the Debtors to enter into a senior secured postpetition financing agreement in an aggregate principal amount of up to $151.9 million, pursuant to the terms of a Financing Agreement dated as of April 14, 2014 (the “Replacement DIP Credit Facility”), among the Company, as borrower, and certain subsidiaries of the Company, as guarantors, the lenders from time to time party thereto, and Wilmington Trust, National Association, as administrative agent for the lenders and as collateral agent for the Lenders. The Replacement DIP Credit Facility provides for a super-priority senior secured term loan facility in an aggregate principal amount of $151.9 million to be drawn upon in two or more tranches: (i) the Initial DIP Loan of $25.0 million, which was drawn on March 28, 2014 following entry of the Interim Order; and (ii) an additional $126.9 million (the “Final DIP Loan”) that would be available upon entry of the Final Order. The motion for approval of the Replacement DIP Credit Facility was filed on a consensual basis reflecting a settlement agreement, subject to Bankruptcy Court approval, among the Debtors, the Backstop Parties and the Debtors’ prepetition secured lenders that would resolve certain disputes among the parties, thereby avoiding the significant cost, delays and uncertainty of litigation, and provide consensual debtor-in-possession financing for the Debtors. | |
On April 25, 2014, the Bankruptcy Court entered the Final Order approving the Replacement DIP Credit Facility and related settlement agreement and the Final DIP Loan was funded. | |
The proceeds of the Initial DIP Loan are available for general corporate purposes of the Debtors during the Bankruptcy Case (including payment of certain fees and expenses), working capital, certain transaction fees, costs and expenses and certain other costs and expenses with respect to the administration of the Bankruptcy Case. The Final DIP Loan will be used, in part, to repay, in full, the indebtedness under the September 2013 Financing Agreement (including payment of certain fees and expenses) and for general corporate purposes of the Debtors during the Bankruptcy Case, working capital, certain transaction fees, costs and expenses and certain other costs and expenses with respect to the administration of the Bankruptcy Case. The Initial DIP Loan bears interest, at the Company’s option, at either LIBOR plus 8.50% per annum (subject to a LIBOR floor of 1.5% per annum) or the base rate (the highest of the federal funds effective rate plus 1/2 of 1%, The Wall Street Journal prime rate and the three-month LIBOR rate plus 1%, subject to a floor of 2.5%) plus 7.50%. The Final DIP Loan will be split into two tranches consisting of $35.0 million of Term A Loans (“the Term A Loans”) and $91.9 million of Term B Loans (the “Term B Loans” and, together with the Initial DIP Loan and the Term A Loans, the “DIP Loans”). The Term A Loans will bear interest, at the Company’s option, at either LIBOR plus 8.50% per annum (subject to a LIBOR floor of 1.5% per annum) or the base rate (the highest of the federal funds effective rate plus 1/2 of 1%, The Wall Street Journal prime rate and the three-month LIBOR rate plus 1%, subject to a floor of 2.5%) plus 7.50%. The Term B Loans will bear interest, at the Company’s option, at either LIBOR plus 10.50% per annum (subject to a LIBOR floor of 1.5% per annum) or the base rate (the highest of the federal funds effective rate plus 1/2 of 1%, The Wall Street Journal prime rate and the three-month LIBOR rate plus 1%, subject to a floor of 2.5%) plus 9.50%. During the continuance of an event of default under the Replacement DIP Credit Facility, an additional default interest rate equal to 2% per annum would apply. The Replacement DIP Credit Facility also provides for certain additional fees payable to the agent and lenders. | |
The DIP Loans will mature on the earliest to occur of: (i) June 25, 2015; (ii) 45 days after the entry of the Interim Order if the Final Order has not been entered prior to the expiration of such 45-day period; (iii) the consummation of a sale or other disposition of all or substantially all of the assets of the Debtors; (iv) the substantial consummation (as defined in section 1101 of the Bankruptcy Code) of a plan of reorganization filed in the Bankruptcy Case that is confirmed pursuant to an order entered by the Bankruptcy Court; (v) the date that an order of the Bankruptcy Court is entered approving a debtor-in-possession financing loan for the Company other than as provided for in the Replacement DIP Credit Facility; and (vi) the acceleration of the loans and the termination of the commitments under the Replacement DIP Credit Facility. | |
The obligations of the Debtors under the Replacement DIP Credit Facility will be secured by a first priority perfected security interest in all assets owned by the Debtors. | |
The loans under the Replacement DIP Credit Facility are subject to mandatory prepayments in certain instances including, without limitation, with net proceeds of certain asset dispositions, casualty or condemnation events, equity and debt issuances and extraordinary receipts. | |
The Replacement DIP Credit Facility provides for representations and warranties, affirmative and negative covenants (including a budget variance covenant with a cushion of 15%), reporting requirements and events of default customary for similar debtor-in-possession financings. | |
Securities Litigation | |
On March 20, 2014, a lawsuit styled Britt Miller, et al. v. Global Geophysical Services, Inc., et al., Civil Action No. 4:14-CV-00708, was filed in the United States District Court for the Southern District of Texas, Houston Division. On March 21, 2014, a lawsuit styled Janice S. Gibson v. Global Geophysical Services, Inc., et al., No. 4:14-CV-0735, was filed in the United States District Court for the Southern District of Texas, Houston Division. On April 3, 2014, a lawsuit styled Leslie Trinin v. P. Matthew Verghese, et al., No. 4:14-CV-00873, was filed in the United States District Court for the Southern District of Texas, Houston Division. The cases were filed as putative class actions. The Miller Complaint is filed on behalf of a putative class of all purchasers of the Company’s common stock from April 21, 2010 to March 18, 2014, and purchasers of the Depositary Shares purchased in, or traceable to, the Company’s registration statement of December 3, 2013. The Gibson Complaint is filed on behalf of a putative class of purchasers of the Company’s common stock from February 7, 2011 to March 17, 2014. The Trinin Complaint is filed on behalf of a putative class of all purchasers of Depositary Shares purchased in, or traceable to, the Company’s registration statement of December 3, 2014. The named defendants in the Trinin case are certain officers and directors of the Company, and MLV Co. and National Securities Corporation, the alleged underwriters of the Company’s December 3, 2013 offering of Depositary Shares. The Company is not a party to the Trinin case. | |
Plaintiffs in these cases collectively allege violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, and Sections 11, 12(a)(2), and 15 of the Securities Act of 1933, resulting in damages to members of the putative classes. We intend to vigorously defend these actions. | |
SEC Investigation | |
On March 21, 2014, we received a letter from the staff of the SEC notifying us that the SEC is conducting an inquiry relating to the Company and requesting, among other things, that we voluntarily preserve and retain certain documents and information relating to our March 17, 2014 public announcement of a “Restatement of Certain Financial Results and Delay in Filing of Form 10-K.” On March 28, 2014, we received a letter from the staff of the SEC notifying us that the staff was conducting an investigation in connection with possible violations of the federal securities laws, and on the same date the SEC issued a subpoena seeking the testimony of one of our senior executives. We have retained counsel and intend to cooperate with the staff’s investigation. | |
Note_21_Restatement_of_Consoli
Note 21 - Restatement of Consolidated Financial Statements | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Accounting Changes and Error Corrections [Abstract] | ' | ||||||||||||||||||||||||
Accounting Changes and Error Corrections [Text Block] | ' | ||||||||||||||||||||||||
NOTE 21 – RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS | |||||||||||||||||||||||||
Prior to the issuance of the 2013 financial statements, the Company identified certain errors in the Company’s previously released financial information for the years ended December 31, 2009 through 2012 and the quarters ended March 31, June 30 and September 30 in 2013. As a result of the identification of the issues, various accounting corrections to the previously reported financial information were recorded. Descriptions of the restatement adjustments recorded are as follows: | |||||||||||||||||||||||||
Revenue Recognition: | |||||||||||||||||||||||||
During the impacted periods, the Company identified certain revenues and expenses associated with generating such revenue that were recognized at a time other than when performance of seismic acquisition services were performed for certain contracts in Latin America. The Company has recorded adjustments to correct the timing of revenue recognition based on the performance of seismic acquisition services in accordance with the Company’s revenue recognition policy. | |||||||||||||||||||||||||
Research and Development Expenses: | |||||||||||||||||||||||||
During 2010 through 2013, the Company capitalized costs totaling $4.9 million associated with research and development with respect to certain marine seismic technologies. Such costs were incorrectly capitalized and should have been expensed as incurred in accordance with ASC 730 “Research and Development”. The Company has recorded adjustments in the restated Consolidated Financial Statements to reflect the recognition of expenses in the periods in which they were incurred. | |||||||||||||||||||||||||
Sales Tax: | |||||||||||||||||||||||||
The Company failed to properly accrue sales tax due to the State of Texas on certain taxable items purchased during certain periods. As a result of an audit, an overall tax liability of $1.9 million for the periods from 2008 through 2011 was recorded. In addition, the Company has also recorded tax liability adjustments associated with its 2012 and 2013 fiscal years based on the estimated impact. | |||||||||||||||||||||||||
Other Adjustments: | |||||||||||||||||||||||||
In the third quarter of 2013, the Company did not record a $1.2 million gain from excess insurance proceeds associated with a fire at a Company warehouse in Colombia in May 2013. As of September 30, 2013 the gain associated with the insurance proceeds was realized or realizable and should have been recognized. | |||||||||||||||||||||||||
During the third quarter of 2013, the Company did not recognize approximately $0.7 million of compensation expense associated with the issuance of stock performance units. | |||||||||||||||||||||||||
Certain unsupported amounts were included in the balance of property and equipment during the impacted periods. These adjustments reduced pre-tax income by less than $0.1 million in each of the years ended December 31, 2012 and 2011. The adjustments reduced pre-tax income by approximately $0.3 million for the nine months ended September 30, 2013. | |||||||||||||||||||||||||
Certain capitalized costs associated with the Multi-client library were not correctly accounted for. As a result, the operating costs of 2011 and 2012 were understated for $0.2 million in aggregate. | |||||||||||||||||||||||||
The Company did not re-measure a contingent liability associated with the 2012 acquisition of Sensor Geophysical Ltd., which resulted in an adjustment of $0.4 million to reflect the changes in fair value of the liabilities in earnings during 2012. | |||||||||||||||||||||||||
The Company also adjusted its provisions for income tax and related tax accounts to account for the effects of the restatement adjustments described herein. | |||||||||||||||||||||||||
Impact of Adjustments: | |||||||||||||||||||||||||
The determination to restate these Consolidated Financial Statements was approved by the Audit Committee of the Company’s Board of Directors upon the recommendation of the Company’s management. The impact of these adjustments on the previously filed Consolidated Financial Statements for the years ended December 31, 2012 and 2011 is presented below. The impact on quarterly financial information is provided in Note 22. | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 23,359 | $ | - | $ | - | $ | - | $ | - | $ | 23,359 | |||||||||||||
Restricted cash investments | 1,830 | - | - | - | - | 1,830 | |||||||||||||||||||
Accounts receivable, net | 51,766 | - | - | - | (385 | ) | 51,381 | ||||||||||||||||||
Inventory | 11,864 | - | - | - | - | 11,864 | |||||||||||||||||||
Income and other taxes receivable | 1,472 | - | - | - | - | 1,472 | |||||||||||||||||||
Mobilization costs, net | 998 | (104 | ) | - | - | - | 894 | ||||||||||||||||||
Current deferred tax asset | 12,673 | - | - | - | - | 12,673 | |||||||||||||||||||
Prepaid expenses and other current assets | 7,809 | - | - | - | - | 7,809 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 111,771 | (104 | ) | - | - | (385 | ) | 111,282 | |||||||||||||||||
MULTI-CLIENT LIBRARY, net | 309,067 | - | - | - | 103 | 309,170 | |||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 100,172 | - | (5,058 | ) | 309 | (54 | ) | 95,369 | |||||||||||||||||
GOODWILL IMPAIRMENT | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 13,083 | - | - | - | - | 13,083 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,689 | - | - | - | - | 5,689 | |||||||||||||||||||
OTHER ASSETS | 712 | - | - | - | - | 712 | |||||||||||||||||||
TOTAL ASSETS | $ | 552,875 | $ | (104 | ) | $ | (5,058 | ) | $ | 309 | $ | (336 | ) | $ | 547,686 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 42,597 | $ | - | $ | - | $ | 2,254 | $ | (1 | ) | $ | 44,850 | ||||||||||||
Current portion of long-term debt | 22,970 | - | - | - | - | 22,970 | |||||||||||||||||||
Current portion of capital lease obligations | 5,639 | - | - | - | - | 5,639 | |||||||||||||||||||
Income and other taxes payable | 3,563 | - | - | - | 1,472 | 5,035 | |||||||||||||||||||
Deferred revenue | 22,498 | - | - | - | - | 22,498 | |||||||||||||||||||
Other payables | 3,059 | - | - | - | - | 3,059 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 100,326 | - | - | 2,254 | 1,471 | 104,051 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 27,073 | - | - | - | (5,333 | ) | 21,740 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 311,250 | - | - | - | - | 311,250 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 4,176 | - | - | - | - | 4,176 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 997 | - | - | - | 170 | 1,167 | |||||||||||||||||||
OTHER LIABILITIES | 1,505 | - | - | - | (425 | ) | 1,080 | ||||||||||||||||||
TOTAL LIABILITIES | 445,327 | - | - | 2,254 | (4,117 | ) | 443,464 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 476 | - | - | - | - | 476 | |||||||||||||||||||
Additional paid-in capital | 253,415 | - | - | - | - | 253,415 | |||||||||||||||||||
Accumulated deficit | (49,815 | ) | (104 | ) | (5,058 | ) | (1,945 | ) | 3,781 | (53,141 | ) | ||||||||||||||
204,076 | (104 | ) | (5,058 | ) | (1,945 | ) | 3,781 | 200,750 | |||||||||||||||||
Less: treasury stock | 96,528 | - | - | - | - | 96,528 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 107,548 | (104 | ) | (5,058 | ) | (1,945 | ) | 3,781 | 104,222 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 552,875 | $ | (104 | ) | $ | (5,058 | ) | $ | 309 | $ | (336 | ) | $ | 547,686 | ||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 182,476 | $ | 1,138 | $ | - | $ | - | $ | (101 | ) | $ | 183,513 | ||||||||||||
Multi-client Data Library Pre-commitments | 111,680 | - | - | - | (592 | ) | 111,088 | ||||||||||||||||||
Multi-client Data Library Late Sales | 44,828 | - | - | - | - | 44,828 | |||||||||||||||||||
TOTAL REVENUES | 338,984 | 1,138 | - | - | (693 | ) | 339,429 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 123,537 | 516 | 1,491 | - | 5,495 | 131,039 | |||||||||||||||||||
Multi-client Data Library Amortization | 103,266 | - | - | - | (385 | ) | 102,881 | ||||||||||||||||||
Depreciation and Other Amortization | 28,686 | - | - | 234 | 25 | 28,945 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 255,489 | 516 | 1,491 | 234 | 5,135 | 262,865 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 56,750 | - | - | - | (5,404 | ) | 51,346 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (15,706 | ) | - | - | - | - | (15,706 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 42,451 | 622 | (1,491 | ) | (234 | ) | (424 | ) | 40,924 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (31,666 | ) | - | - | (84 | ) | - | (31,750 | ) | ||||||||||||||||
Foreign exchange loss | (1,688 | ) | - | - | - | - | (1,688 | ) | |||||||||||||||||
Other expense | (2,472 | ) | - | - | - | 1 | (2,471 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (35,826 | ) | - | - | (84 | ) | 1 | (35,909 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 6,625 | 622 | (1,491 | ) | (318 | ) | (423 | ) | 5,015 | ||||||||||||||||
INCOME TAX EXPENSE | |||||||||||||||||||||||||
Current | 8,148 | - | - | - | 1,052 | 9,200 | |||||||||||||||||||
Deferred | 12,280 | - | - | - | (577 | ) | 11,703 | ||||||||||||||||||
TOTAL INCOME TAX EXPENSE | 20,428 | - | - | - | 475 | 20,903 | |||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (13,803 | ) | 622 | (1,491 | ) | (318 | ) | (898 | ) | (15,888 | ) | ||||||||||||||
NET INCOME (LOSS), attributable to non-controlling interests | (472 | ) | - | - | - | 170 | (302 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (13,331 | ) | $ | 622 | $ | (1,491 | ) | $ | (318 | ) | $ | (1,068 | ) | $ | (15,586 | ) | ||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.36 | ) | $ | 0.02 | $ | (0.04 | ) | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.42 | ) | ||||||||
Diluted | $ | (0.36 | ) | $ | 0.02 | $ | (0.04 | ) | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.42 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,319 | 37,319 | |||||||||||||||||||||||
Diluted | 37,319 | 37,319 | |||||||||||||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 207,921 | $ | (853 | ) | $ | - | $ | - | $ | - | $ | 207,068 | ||||||||||||
Multi-client Data Library Pre-commitments | 127,136 | - | - | - | 307 | 127,443 | |||||||||||||||||||
Multi-client Data Library Late Sales | 50,298 | - | - | - | - | 50,298 | |||||||||||||||||||
TOTAL REVENUES | 385,355 | (853 | ) | - | - | 307 | 384,809 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 155,728 | (399 | ) | 974 | 307 | 2,278 | 158,888 | ||||||||||||||||||
Multi-client Data Library Amortization | 112,668 | - | - | - | 134 | 112,802 | |||||||||||||||||||
Depreciation and Other Amortization | 27,152 | - | - | 322 | 4 | 27,478 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 295,548 | (399 | ) | 974 | 629 | 2,416 | 299,168 | ||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 46,582 | - | - | - | (2,620 | ) | 43,962 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (1,683 | ) | - | - | - | - | (1,683 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 44,908 | (454 | ) | (974 | ) | (629 | ) | 511 | 43,362 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (25,259 | ) | - | - | (70 | ) | - | (25,329 | ) | ||||||||||||||||
Foreign exchange loss | (311 | ) | - | - | - | - | (311 | ) | |||||||||||||||||
Other expense | (218 | ) | - | - | - | - | (218 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (25,788 | ) | - | - | (70 | ) | - | (25,858 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 19,120 | (454 | ) | (974 | ) | (699 | ) | 511 | 17,504 | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 9,329 | - | - | - | (309 | ) | 9,020 | ||||||||||||||||||
Deferred | 4,151 | - | - | - | (578 | ) | 3,573 | ||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 13,480 | - | - | - | (887 | ) | 12,593 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 5,640 | (454 | ) | (974 | ) | (699 | ) | 1,398 | 4,911 | ||||||||||||||||
NET INCOME (LOSS), attributable to non-controlling interests | (22 | ) | - | - | - | - | (22 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 5,662 | $ | (454 | ) | $ | (974 | ) | $ | (699 | ) | $ | 1,398 | $ | 4,933 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.15 | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.02 | ) | $ | 0.04 | $ | 0.13 | ||||||||||
Diluted | $ | 0.15 | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.02 | ) | $ | 0.04 | $ | 0.13 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 36,666 | 36,666 | |||||||||||||||||||||||
Diluted | 36,666 | 36,666 | |||||||||||||||||||||||
Note_22_Unaudited_Quarterly_Fi
Note 22 - Unaudited Quarterly Financial Data | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ||||||||||||||||||||||||
NOTE 22— UNAUDITED QUARTERLY FINANCIAL DATA (in thousands, except per share amounts) | |||||||||||||||||||||||||
The following selected quarterly data has been derived from the unaudited consolidated financial statements that, in the Company’s opinion, reflect all adjustments necessary to fairly present the financial information when read in conjunction with the Consolidated Financial Statements and Notes. This selected quarterly information has been restated for, and as of the end of, the first three quarters of 2013 and all quarters of 2012 from previously reported information filed on Forms 10-Q and Form 10-K, as a result of the restatement of the financial results as discussed in Note 21. These restatement adjustments are described in Note 21 for the respective annual periods. The results of operations for any quarter are not necessarily indicative of the results to be expected for any future period. | |||||||||||||||||||||||||
The Company has not amended Annual Reports on Form 10-K for years prior to 2013 or Quarterly Reports on Form 10-Q for the quarterly periods impacted by the restatement. The information that has been previously filed or otherwise reported for these periods is superseded by the information in this Annual Report on Form 10-K, and the financial statements and related financial information contained in such reports should no longer be relied upon. | |||||||||||||||||||||||||
31-Mar-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 26,988 | $ | - | $ | - | $ | - | $ | - | $ | 26,988 | |||||||||||||
Restricted cash investments | 2,821 | - | - | - | - | 2,821 | |||||||||||||||||||
Accounts receivable, net | 81,254 | - | - | - | - | 81,254 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 6,197 | - | - | - | - | 6,197 | |||||||||||||||||||
Mobilization costs, net | 3,539 | 362 | - | - | - | 3,901 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 595 | - | - | - | - | 595 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 121,394 | 362 | - | - | - | 121,756 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 253,728 | - | - | - | (102 | ) | 253,626 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 113,456 | - | (3,601 | ) | 475 | (6 | ) | 110,324 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 14,714 | - | - | - | - | 14,714 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 6,068 | - | - | - | - | 6,068 | |||||||||||||||||||
OTHER ASSETS | 1,856 | - | - | - | - | 1,856 | |||||||||||||||||||
TOTAL ASSETS | $ | 523,597 | $ | 362 | $ | (3,601 | ) | $ | 475 | $ | (108 | ) | $ | 520,725 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 53,946 | $ | - | $ | - | $ | 2,195 | $ | - | $ | 56,141 | |||||||||||||
Current portion of long-term debt | 14,357 | - | - | - | - | 14,357 | |||||||||||||||||||
Current portion of capital lease obligations | 6,682 | - | - | - | - | 6,682 | |||||||||||||||||||
Income and other taxes payable | 2,551 | - | - | - | 420 | 2,971 | |||||||||||||||||||
Deferred revenue | 43,711 | 740 | - | - | - | 44,451 | |||||||||||||||||||
Other payables | 3,749 | - | - | - | - | 3,749 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 124,996 | 740 | - | 2,195 | 420 | 128,351 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 6,122 | - | - | - | (4,913 | ) | 1,209 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 266,908 | - | - | - | - | 266,908 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 1,411 | - | - | - | - | 1,411 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,259 | - | - | - | - | 1,259 | |||||||||||||||||||
OTHER LIABILITIES | 750 | - | - | - | - | 750 | |||||||||||||||||||
TOTAL LIABILITIES | 401,446 | 740 | - | 2,195 | (4,493 | ) | 399,888 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 468 | - | - | - | - | 468 | |||||||||||||||||||
Additional paid-in capital | 247,763 | - | - | - | - | 247,763 | |||||||||||||||||||
Accumulated deficit | (29,554 | ) | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | (30,868 | ) | ||||||||||||||
218,677 | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | 217,363 | |||||||||||||||||
Less: treasury stock | 96,526 | - | - | - | - | 96,526 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 122,151 | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | 120,837 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 523,597 | $ | 362 | $ | (3,601 | ) | $ | 475 | $ | (108 | ) | $ | 520,725 | |||||||||||
30-Jun-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Sales Tax | Other | Restated | ||||||||||||||||||||||
Revenue | Research & | ||||||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 23,940 | $ | - | $ | - | $ | - | $ | - | $ | 23,940 | |||||||||||||
Restricted cash investments | 2,821 | - | - | - | - | 2,821 | |||||||||||||||||||
Accounts receivable, net | 76,869 | - | - | - | - | 76,869 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 3,385 | - | - | - | - | 3,385 | |||||||||||||||||||
Mobilization costs, net | 517 | 7,609 | - | - | - | 8,126 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 7,070 | - | - | - | - | 7,070 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 114,602 | 7,609 | - | - | - | 122,211 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 272,790 | - | - | - | (114 | ) | 272,676 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 116,512 | - | (4,209 | ) | 417 | (10 | ) | 112,710 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 14,248 | - | - | - | - | 14,248 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,839 | - | - | - | - | 5,839 | |||||||||||||||||||
OTHER ASSETS | 1,997 | - | - | - | 3 | 2,000 | |||||||||||||||||||
TOTAL ASSETS | $ | 538,369 | $ | 7,609 | $ | (4,209 | ) | $ | 417 | $ | (121 | ) | $ | 542,065 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 41,306 | $ | - | $ | - | $ | 2,214 | $ | - | $ | 43,520 | |||||||||||||
Current portion of long-term debt | 13,896 | - | - | - | - | 13,896 | |||||||||||||||||||
Current portion of capital lease obligations | 6,300 | - | - | - | - | 6,300 | |||||||||||||||||||
Income and other taxes payable | 3,020 | - | - | - | 420 | 3,440 | |||||||||||||||||||
Deferred revenue | 38,601 | 8,731 | - | - | - | 47,332 | |||||||||||||||||||
Other payables | 4,069 | - | - | - | - | 4,069 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 107,192 | 8,731 | - | 2,214 | 420 | 118,557 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 5,465 | - | - | - | (5,464 | ) | 1 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 296,201 | - | - | - | - | 296,201 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 1,106 | - | - | - | - | 1,106 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,209 | - | - | - | - | 1,209 | |||||||||||||||||||
OTHER LIABILITIES | 750 | - | - | - | - | 750 | |||||||||||||||||||
TOTAL LIABILITIES | 411,923 | 8,731 | - | 2,214 | (5,044 | ) | 417,824 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 471 | - | - | - | - | 471 | |||||||||||||||||||
Additional paid-in capital | 249,509 | - | - | - | - | 249,509 | |||||||||||||||||||
Accumulated deficit | (27,008 | ) | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | (29,213 | ) | ||||||||||||||
222,972 | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | 220,767 | |||||||||||||||||
Less: treasury stock | 96,526 | - | - | - | - | 96,526 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 126,446 | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | 124,241 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 538,369 | $ | 7,609 | $ | (4,209 | ) | $ | 417 | $ | (121 | ) | $ | 542,065 | |||||||||||
30-Sep-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 23,569 | $ | - | $ | - | $ | - | $ | - | $ | 23,569 | |||||||||||||
Restricted cash investments | 2,318 | - | - | - | - | 2,318 | |||||||||||||||||||
Accounts receivable, net | 77,060 | - | - | - | - | 77,060 | |||||||||||||||||||
Inventory | 11,229 | - | - | - | - | 11,229 | |||||||||||||||||||
Income and other taxes receivable | 1,827 | - | - | - | - | 1,827 | |||||||||||||||||||
Mobilization costs, net | 1,428 | (104 | ) | - | - | - | 1,324 | ||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 9,355 | - | - | - | - | 9,355 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 126,786 | (104 | ) | - | - | - | 126,682 | ||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 288,793 | - | - | - | (114 | ) | 288,679 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 108,155 | - | (4,365 | ) | 359 | (29 | ) | 104,120 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 13,726 | - | - | - | - | 13,726 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,986 | - | - | - | - | 5,986 | |||||||||||||||||||
OTHER ASSETS | 570 | - | - | - | - | 570 | |||||||||||||||||||
TOTAL ASSETS | $ | 556,397 | $ | (104 | ) | $ | (4,365 | ) | $ | 359 | $ | (143 | ) | $ | 552,144 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 50,276 | $ | - | $ | - | $ | 2,234 | $ | - | $ | 52,510 | |||||||||||||
Current portion of long-term debt | 15,004 | - | - | - | - | 15,004 | |||||||||||||||||||
Current portion of capital lease obligations | 5,145 | - | - | - | - | 5,145 | |||||||||||||||||||
Income and other taxes payable | 3,144 | - | - | - | 420 | 3,564 | |||||||||||||||||||
Deferred revenue | 22,848 | - | - | - | - | 22,848 | |||||||||||||||||||
Other payables | 4,426 | - | - | - | - | 4,426 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 100,843 | - | - | 2,234 | 420 | 103,497 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 7,862 | - | - | - | (5,180 | ) | 2,682 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 310,941 | - | - | - | - | 310,941 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 883 | - | - | - | - | 883 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,360 | - | - | - | - | 1,360 | |||||||||||||||||||
OTHER LIABILITIES | - | - | - | - | - | - | |||||||||||||||||||
TOTAL LIABILITIES | 421,889 | - | - | 2,234 | (4,760 | ) | 419,363 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 473 | - | - | - | - | 473 | |||||||||||||||||||
Additional paid-in capital | 251,763 | - | - | - | - | 251,763 | |||||||||||||||||||
Accumulated deficit | (21,201 | ) | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | (22,928 | ) | ||||||||||||||
231,035 | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | 229,308 | |||||||||||||||||
Less: treasury stock | 96,527 | - | - | - | - | 96,527 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 134,508 | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | 132,781 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 556,397 | $ | (104 | ) | $ | (4,365 | ) | $ | 359 | $ | (143 | ) | $ | 552,144 | ||||||||||
31-Mar-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 32,332 | $ | - | $ | - | $ | - | $ | - | $ | 32,332 | |||||||||||||
Restricted cash investments | 1,650 | - | - | - | - | 1,650 | |||||||||||||||||||
Accounts receivable, net | 47,422 | - | - | - | - | 47,422 | |||||||||||||||||||
Inventory | 11,219 | - | - | - | - | 11,219 | |||||||||||||||||||
Income and other taxes receivable | 1,472 | - | - | - | - | 1,472 | |||||||||||||||||||
Mobilization costs, net | 4,481 | (102 | ) | - | - | - | 4,379 | ||||||||||||||||||
Current deferred tax asset | 12,673 | - | - | - | - | 12,673 | |||||||||||||||||||
Prepaid expenses and other current assets | 6,189 | - | - | - | - | 6,189 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 117,438 | (102 | ) | - | - | - | 117,336 | ||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 291,197 | - | - | - | (190 | ) | 291,007 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 94,093 | - | (4,638 | ) | 259 | (125 | ) | 89,589 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 12,369 | - | - | - | - | 12,369 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,385 | - | - | - | - | 5,385 | |||||||||||||||||||
OTHER ASSETS | 678 | - | - | - | - | 678 | |||||||||||||||||||
TOTAL ASSETS | $ | 533,541 | $ | (102 | ) | $ | (4,638 | ) | $ | 259 | $ | (315 | ) | $ | 528,745 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 48,400 | $ | - | $ | - | $ | 2,274 | $ | - | $ | 50,674 | |||||||||||||
Current portion of long-term debt | 17,198 | - | - | - | - | 17,198 | |||||||||||||||||||
Current portion of capital lease obligations | 4,449 | - | - | - | - | 4,449 | |||||||||||||||||||
Income and other taxes payable | 2,280 | - | - | - | 1,472 | 3,752 | |||||||||||||||||||
Deferred revenue | 20,100 | - | - | - | - | 20,100 | |||||||||||||||||||
Other payables | 1,814 | - | - | - | - | 1,814 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 94,241 | - | - | 2,274 | 1,472 | 97,987 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 24,521 | - | - | - | (5,248 | ) | 19,273 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 311,366 | - | - | - | - | 311,366 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 3,402 | - | - | - | - | 3,402 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 873 | - | - | - | - | 873 | |||||||||||||||||||
OTHER LIABILITIES | 981 | - | - | - | (425 | ) | 556 | ||||||||||||||||||
TOTAL LIABILITIES | 435,384 | - | - | 2,274 | (4,201 | ) | 433,457 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 481 | - | - | - | - | 481 | |||||||||||||||||||
Additional paid-in capital | 255,563 | - | - | - | - | 255,563 | |||||||||||||||||||
Accumulated deficit | (61,357 | ) | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | (64,226 | ) | ||||||||||||||
194,687 | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | 191,818 | |||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 98,157 | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | 95,288 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 533,541 | $ | (102 | ) | $ | (4,638 | ) | $ | 259 | $ | (315 | ) | $ | 528,745 | ||||||||||
30-Jun-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 10,681 | $ | - | $ | - | $ | - | $ | - | $ | 10,681 | |||||||||||||
Restricted cash investments | 1,440 | - | - | - | - | 1,440 | |||||||||||||||||||
Accounts receivable, net | 43,153 | - | - | - | - | 43,153 | |||||||||||||||||||
Inventory | 5,025 | - | - | - | - | 5,025 | |||||||||||||||||||
Income and other taxes receivable | 815 | - | - | - | - | 815 | |||||||||||||||||||
Mobilization costs, net | 4,830 | 1,360 | - | - | - | 6,190 | |||||||||||||||||||
Current deferred tax asset | 12,673 | - | - | - | - | 12,673 | |||||||||||||||||||
Prepaid expenses and other current assets | 11,141 | - | - | - | - | 11,141 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 89,758 | 1,360 | - | - | - | 91,118 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 291,005 | - | - | - | (129 | ) | 290,876 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 91,502 | - | (4,800 | ) | 211 | (214 | ) | 86,699 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 11,745 | - | - | - | - | 11,745 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,224 | - | - | - | - | 5,224 | |||||||||||||||||||
OTHER ASSETS | 837 | - | - | - | - | 837 | |||||||||||||||||||
TOTAL ASSETS | $ | 502,452 | $ | 1,360 | $ | (4,800 | ) | $ | 211 | $ | (343 | ) | $ | 498,880 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 37,609 | $ | - | $ | - | $ | 2,294 | $ | - | $ | 39,903 | |||||||||||||
Current portion of long-term debt | 92,431 | - | - | - | - | 92,431 | |||||||||||||||||||
Current portion of capital lease obligations | 4,410 | - | - | - | - | 4,410 | |||||||||||||||||||
Income and other taxes payable | 2,491 | - | - | - | 1,472 | 3,963 | |||||||||||||||||||
Deferred revenue | 13,111 | 651 | - | - | - | 13,762 | |||||||||||||||||||
Other payables | 1,666 | - | - | - | - | 1,666 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 151,718 | 651 | - | 2,294 | 1,472 | 156,135 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 17,396 | - | - | - | (5,115 | ) | 12,281 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 244,191 | - | - | - | - | 244,191 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 3,494 | - | - | - | - | 3,494 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 758 | - | - | - | - | 758 | |||||||||||||||||||
OTHER LIABILITIES | 958 | - | - | - | (425 | ) | 533 | ||||||||||||||||||
TOTAL LIABILITIES | 418,515 | 651 | - | 2,294 | (4,068 | ) | 417,392 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 482 | - | - | - | - | 482 | |||||||||||||||||||
Additional paid-in capital | 257,128 | - | - | - | - | 257,128 | |||||||||||||||||||
Accumulated deficit | (77,143 | ) | 709 | (4,800 | ) | (2,083 | ) | 3,725 | (79,592 | ) | |||||||||||||||
180,467 | 709 | (4,800 | ) | (2,083 | ) | 3,725 | 178,018 | ||||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 83,937 | 709 | (4,800 | ) | (2,083 | ) | 3,725 | 81,488 | |||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 502,452 | $ | 1,360 | $ | (4,800 | ) | $ | 211 | $ | (343 | ) | $ | 498,880 | |||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 16,774 | $ | - | $ | - | $ | - | $ | - | $ | 16,774 | |||||||||||||
Restricted cash investments | 985 | - | - | - | - | 985 | |||||||||||||||||||
Accounts receivable, net | 40,162 | - | - | - | - | 40,162 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 386 | - | - | - | - | 386 | |||||||||||||||||||
Mobilization costs, net | 6,139 | 5,149 | - | - | - | 11,288 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 3,184 | - | - | - | - | 3,184 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 67,630 | 5,149 | - | - | - | 72,779 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 279,183 | - | - | - | (151 | ) | 279,032 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 89,614 | - | (4,922 | ) | 167 | 1,268 | 86,127 | ||||||||||||||||||
GOODWILL | 11,342 | - | - | - | - | 11,342 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 10,859 | - | - | - | - | 10,859 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 9,405 | - | - | - | - | 9,405 | |||||||||||||||||||
OTHER ASSETS | 630 | - | - | - | - | 630 | |||||||||||||||||||
TOTAL ASSETS | $ | 468,663 | $ | 5,149 | $ | (4,922 | ) | $ | 167 | $ | 1,117 | $ | 470,174 | ||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 43,779 | $ | - | $ | - | $ | 2,314 | $ | - | $ | 46,093 | |||||||||||||
Current portion of long-term debt | 10,252 | - | - | - | - | 10,252 | |||||||||||||||||||
Current portion of capital lease obligations | 3,990 | - | - | - | - | 3,990 | |||||||||||||||||||
Income and other taxes payable | 2,436 | - | - | - | 1,472 | 3,908 | |||||||||||||||||||
Deferred revenue | 10,364 | 5,659 | - | - | - | 16,023 | |||||||||||||||||||
Other payables | 1,465 | - | - | - | - | 1,465 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 72,286 | 5,659 | - | 2,314 | 1,472 | 81,731 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 3,005 | - | - | - | (1,520 | ) | 1,485 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 327,325 | - | - | - | - | 327,325 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 2,849 | - | - | - | - | 2,849 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 856 | - | - | - | - | 856 | |||||||||||||||||||
OTHER LIABILITIES | 970 | - | - | - | (425 | ) | 545 | ||||||||||||||||||
TOTAL LIABILITIES | 407,291 | 5,659 | - | 2,314 | (473 | ) | 414,791 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 483 | - | - | - | - | 483 | |||||||||||||||||||
Additional paid-in capital | 258,761 | - | - | - | 703 | 259,464 | |||||||||||||||||||
Accumulated deficit | (101,342 | ) | (510 | ) | (4,922 | ) | (2,147 | ) | 887 | (108,034 | ) | ||||||||||||||
157,902 | (510 | ) | (4,922 | ) | (2,147 | ) | 1,590 | 151,913 | |||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 61,372 | (510 | ) | (4,922 | ) | (2,147 | ) | 1,590 | 55,383 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 468,663 | $ | 5,149 | $ | (4,922 | ) | $ | 167 | $ | 1,117 | $ | 470,174 | ||||||||||||
Three Months Ended March 31, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 64,835 | $ | 398 | $ | - | $ | - | $ | - | $ | 65,233 | |||||||||||||
Multi-client Data Library Pre-commitments | 16,575 | - | - | - | (307 | ) | 16,268 | ||||||||||||||||||
Multi-client Data Library Late Sales | 14,701 | - | - | - | - | 14,701 | |||||||||||||||||||
TOTAL REVENUES | 96,111 | 398 | - | - | (307 | ) | 96,202 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 40,797 | 50 | 34 | - | 1,778 | 42,659 | |||||||||||||||||||
Multi-client Data Library Amortization | 22,356 | - | - | - | (134 | ) | 22,222 | ||||||||||||||||||
Depreciation and Other Amortization | 6,964 | - | - | 69 | 2 | 7,035 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 70,117 | 50 | 34 | 69 | 1,646 | 71,916 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 15,541 | - | - | - | (1,333 | ) | 14,208 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (9,423 | ) | - | - | - | - | (9,423 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 19,876 | 348 | (34 | ) | (69 | ) | (620 | ) | 19,501 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (7,115 | ) | - | - | (24 | ) | - | (7,139 | ) | ||||||||||||||||
Foreign exchange loss | (110 | ) | - | - | - | - | (110 | ) | |||||||||||||||||
Other expense | (182 | ) | - | - | - | - | (182 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (7,407 | ) | - | - | (24 | ) | - | (7,431 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 12,469 | 348 | (34 | ) | (93 | ) | (620 | ) | 12,070 | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 5,749 | - | - | - | - | 5,749 | |||||||||||||||||||
Deferred | - | - | - | - | (156 | ) | (156 | ) | |||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 5,749 | - | - | - | (156 | ) | 5,593 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 6,720 | 348 | (34 | ) | (93 | ) | (464 | ) | 6,477 | ||||||||||||||||
NET LOSS, attributable to non-controlling interests | (210 | ) | - | - | - | - | (210 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 6,930 | $ | 348 | $ | (34 | ) | $ | (93 | ) | $ | (464 | ) | $ | 6,687 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.19 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.18 | ||||||||||
Diluted | $ | 0.19 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.18 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,039 | 37,039 | |||||||||||||||||||||||
Diluted | 37,039 | 37,039 | |||||||||||||||||||||||
Three Months Ended June 30, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 58,578 | $ | (7,991 | ) | $ | - | $ | - | $ | - | $ | 50,587 | ||||||||||||
Multi-client Data Library Pre-commitments | 25,801 | - | - | - | - | 25,801 | |||||||||||||||||||
Multi-client Data Library Late Sales | 12,993 | - | - | - | - | 12,993 | |||||||||||||||||||
TOTAL REVENUES | 97,372 | (7,991 | ) | - | - | - | 89,381 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 40,399 | (7,247 | ) | 608 | - | 1,327 | 35,087 | ||||||||||||||||||
Multi-client Data Library Amortization | 25,772 | - | - | - | - | 25,772 | |||||||||||||||||||
Depreciation and Other Amortization | 6,262 | - | - | 58 | 2 | 6,322 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 72,433 | (7,247 | ) | 608 | 58 | 1,329 | 67,181 | ||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 12,086 | - | - | - | (1,312 | ) | 10,774 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (458 | ) | - | - | - | - | (458 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 13,311 | (744 | ) | (608 | ) | (58 | ) | (17 | ) | 11,884 | |||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (7,934 | ) | - | - | (20 | ) | - | (7,954 | ) | ||||||||||||||||
Foreign exchange loss | (939 | ) | - | - | - | - | (939 | ) | |||||||||||||||||
Other expense | (236 | ) | - | - | - | - | (236 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (9,109 | ) | - | - | (20 | ) | - | (9,129 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 4,202 | (744 | ) | (608 | ) | (78 | ) | (17 | ) | 2,755 | |||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 1,706 | - | - | - | - | 1,706 | |||||||||||||||||||
Deferred | - | - | - | - | (554 | ) | (554 | ) | |||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 1,706 | - | - | - | (554 | ) | 1,152 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 2,496 | (744 | ) | (608 | ) | (78 | ) | 537 | 1,603 | ||||||||||||||||
NET LOSS, attributable to non-controlling interests | (50 | ) | - | - | - | - | (50 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 2,546 | $ | (744 | ) | $ | (608 | ) | $ | (78 | ) | $ | 537 | $ | 1,653 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.07 | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.00 | ) | $ | 0.01 | $ | 0.04 | ||||||||||
Diluted | $ | 0.07 | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.00 | ) | $ | 0.01 | $ | 0.04 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,247 | 37,247 | |||||||||||||||||||||||
Diluted | 37,247 | 37,247 | |||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 30,173 | $ | 8,731 | $ | - | $ | - | $ | - | $ | 38,904 | |||||||||||||
Multi-client Data Library Pre-commitments | 48,476 | - | - | - | - | 48,476 | |||||||||||||||||||
Multi-client Data Library Late Sales | 11,565 | - | - | - | - | 11,565 | |||||||||||||||||||
TOTAL REVENUES | 90,214 | 8,731 | - | - | - | 98,945 | |||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 17,164 | 7,712 | 156 | - | 1,471 | 26,503 | |||||||||||||||||||
Multi-client Data Library Amortization | 37,412 | - | - | - | - | 37,412 | |||||||||||||||||||
Depreciation and Other Amortization | 5,727 | - | - | 58 | 4 | 5,789 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 60,303 | 7,712 | 156 | 58 | 1,475 | 69,704 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 10,867 | - | - | - | (1,457 | ) | 9,410 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (2,231 | ) | - | - | - | - | (2,231 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 21,275 | 1,019 | (156 | ) | (58 | ) | (18 | ) | 22,062 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,295 | ) | - | - | (20 | ) | - | (8,315 | ) | ||||||||||||||||
Foreign exchange loss | (206 | ) | - | - | - | - | (206 | ) | |||||||||||||||||
Other expense | (1,952 | ) | - | - | - | - | (1,952 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (10,453 | ) | - | - | (20 | ) | - | (10,473 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 10,822 | 1,019 | (156 | ) | (78 | ) | (18 | ) | 11,589 | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 4,864 | - | - | - | - | 4,864 | |||||||||||||||||||
Deferred | - | - | - | - | 288 | 288 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 4,864 | - | - | - | 288 | 5,152 | |||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 5,958 | 1,019 | (156 | ) | (78 | ) | (306 | ) | 6,437 | ||||||||||||||||
NET INCOME, attributable to non-controlling interests | 151 | - | - | - | - | 151 | |||||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 5,807 | $ | 1,019 | $ | (156 | ) | $ | (78 | ) | $ | (306 | ) | $ | 6,286 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.16 | $ | 0.03 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.17 | ||||||||||
Diluted | $ | 0.16 | $ | 0.03 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.17 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,450 | 37,450 | |||||||||||||||||||||||
Diluted | 37,450 | 37,450 | |||||||||||||||||||||||
Three Months Ended December 31, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 28,890 | $ | - | $ | - | $ | - | $ | (100 | ) | $ | 28,790 | ||||||||||||
Multi-client Data Library Pre-commitments | 20,828 | - | - | - | (285 | ) | 20,543 | ||||||||||||||||||
Multi-client Data Library Late Sales | 5,569 | - | - | - | - | 5,569 | |||||||||||||||||||
TOTAL REVENUES | 55,287 | - | - | - | (385 | ) | 54,902 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 25,177 | - | 693 | - | 919 | 26,789 | |||||||||||||||||||
Multi-client Data Library Amortization | 17,726 | - | - | - | (251 | ) | 17,475 | ||||||||||||||||||
Depreciation and Other Amortization | 9,733 | - | - | 50 | 16 | 9,799 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 52,636 | - | 693 | 50 | 684 | 54,063 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 18,256 | - | - | - | (1,301 | ) | 16,955 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (3,594 | ) | - | - | - | - | (3,594 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (12,011 | ) | - | (693 | ) | (50 | ) | 232 | (12,522 | ) | |||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,322 | ) | - | - | (20 | ) | - | (8,342 | ) | ||||||||||||||||
Foreign exchange loss | (433 | ) | - | - | - | - | (433 | ) | |||||||||||||||||
Other expense | (102 | ) | - | - | - | - | (102 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,857 | ) | - | - | (20 | ) | - | (8,877 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (20,868 | ) | - | (693 | ) | (70 | ) | 232 | (21,399 | ) | |||||||||||||||
INCOME TAX EXPENSE | |||||||||||||||||||||||||
Current | (4,171 | ) | - | - | - | 1,052 | (3,119 | ) | |||||||||||||||||
Deferred | 12,280 | - | - | - | (154 | ) | 12,126 | ||||||||||||||||||
TOTAL INCOME TAX EXPENSE | 8,109 | - | - | - | 898 | 9,007 | |||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (28,977 | ) | - | (693 | ) | (70 | ) | (666 | ) | (30,406 | ) | ||||||||||||||
NET LOSS, attributable to non-controlling interests | (363 | ) | - | - | - | 170 | (193 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (28,614 | ) | $ | - | $ | (693 | ) | $ | (70 | ) | $ | (836 | ) | $ | (30,213 | ) | ||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.76 | ) | $ | - | $ | (0.02 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.81 | ) | ||||||||
Diluted | $ | (0.76 | ) | $ | - | $ | (0.02 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.81 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,516 | 37,516 | |||||||||||||||||||||||
Diluted | 37,516 | 37,516 | |||||||||||||||||||||||
Three Months Ended March 31, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 27,437 | $ | - | $ | - | $ | - | $ | 100 | $ | 27,537 | |||||||||||||
Multi-client Data Library Pre-commitments | 28,282 | - | - | - | 285 | 28,567 | |||||||||||||||||||
Multi-client Data Library Late Sales | 27,690 | - | - | - | - | 27,690 | |||||||||||||||||||
TOTAL REVENUES | 83,409 | - | - | - | 385 | 83,794 | |||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 20,221 | (2 | ) | (420 | ) | - | 1,745 | 21,544 | |||||||||||||||||
Multi-client Data Library Amortization | 34,562 | - | - | - | 251 | 34,813 | |||||||||||||||||||
Depreciation and Other Amortization | 7,231 | - | - | 50 | (8 | ) | 7,273 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 62,014 | (2 | ) | (420 | ) | 50 | 1,988 | 63,630 | |||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | 12,992 | - | - | - | - | 12,992 | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 16,040 | - | - | - | (1,622 | ) | 14,418 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (2,636 | ) | - | - | - | - | (2,636 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (5,001 | ) | 2 | 420 | (50 | ) | 19 | (4,610 | ) | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,369 | ) | - | - | (20 | ) | - | (8,389 | ) | ||||||||||||||||
Foreign exchange loss | 176 | - | - | - | - | 176 | |||||||||||||||||||
Other expense | (43 | ) | - | - | - | - | (43 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,236 | ) | - | - | (20 | ) | - | (8,256 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (13,237 | ) | 2 | 420 | (70 | ) | 19 | (12,866 | ) | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (1,570 | ) | - | - | - | - | (1,570 | ) | |||||||||||||||||
Deferred | - | - | - | - | 85 | 85 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (1,570 | ) | - | - | - | 85 | (1,485 | ) | |||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (11,667 | ) | 2 | 420 | (70 | ) | (66 | ) | (11,381 | ) | |||||||||||||||
NET LOSS, attributable to non-controlling interests | (125 | ) | - | - | - | (170 | ) | (295 | ) | ||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (11,542 | ) | $ | 2 | $ | 420 | $ | (70 | ) | $ | 104 | $ | (11,086 | ) | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.31 | ) | $ | 0 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.29 | ) | |||||||||
Diluted | $ | (0.31 | ) | $ | 0 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.29 | ) | |||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,756 | 37,756 | |||||||||||||||||||||||
Diluted | 37,756 | 37,756 | |||||||||||||||||||||||
Three Months Ended June 30, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 26,774 | $ | (651 | ) | $ | - | $ | - | $ | - | $ | 26,123 | ||||||||||||
Multi-client Data Library Pre-commitments | 14,098 | - | - | - | - | 14,098 | |||||||||||||||||||
Multi-client Data Library Late Sales | 22,480 | - | - | - | - | 22,480 | |||||||||||||||||||
TOTAL REVENUES | 63,352 | (651 | ) | - | - | - | 62,701 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 22,676 | (1,462 | ) | 162 | - | 1,575 | 22,951 | ||||||||||||||||||
Multi-client Data Library Amortization | 24,454 | - | - | - | - | 24,454 | |||||||||||||||||||
Depreciation and Other Amortization | 8,457 | - | - | 48 | (26 | ) | 8,479 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 55,587 | (1,462 | ) | 162 | 48 | 1,549 | 55,884 | ||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 5,932 | - | - | - | - | 5,932 | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 14,677 | - | - | - | (1,521 | ) | 13,156 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (289 | ) | - | - | - | - | (289 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (12,555 | ) | 811 | (162 | ) | (48 | ) | (28 | ) | (11,982 | ) | ||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,430 | ) | - | - | (20 | ) | - | (8,450 | ) | ||||||||||||||||
Foreign exchange loss | (133 | ) | - | - | - | - | (133 | ) | |||||||||||||||||
Other expense | (185 | ) | - | - | - | - | (185 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,748 | ) | - | - | (20 | ) | - | (8,768 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (21,303 | ) | 811 | (162 | ) | (68 | ) | (28 | ) | (20,750 | ) | ||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (5,402 | ) | - | - | - | - | (5,402 | ) | |||||||||||||||||
Deferred | - | - | - | - | 134 | 134 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (5,402 | ) | - | - | - | 134 | (5,268 | ) | |||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (15,901 | ) | 811 | (162 | ) | (68 | ) | (162 | ) | (15,482 | ) | ||||||||||||||
NET LOSS, attributable to non-controlling interests | (115 | ) | - | - | - | - | (115 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (15,786 | ) | $ | 811 | $ | (162 | ) | $ | (68 | ) | $ | (162 | ) | $ | (15,367 | ) | ||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.42 | ) | $ | 0.02 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.41 | ) | ||||||||
Diluted | $ | (0.42 | ) | $ | 0.02 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.41 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,985 | 37,985 | |||||||||||||||||||||||
Diluted | 37,985 | 37,985 | |||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 41,407 | $ | (5,008 | ) | $ | - | $ | - | $ | - | $ | 36,399 | ||||||||||||
Multi-client Data Library Pre-commitments | 14,481 | - | - | - | - | 14,481 | |||||||||||||||||||
Multi-client Data Library Late Sales | 14,145 | - | - | - | - | 14,145 | |||||||||||||||||||
TOTAL REVENUES | 70,033 | (5,008 | ) | - | - | - | 65,025 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 38,750 | (3,789 | ) | 122 | - | 186 | 35,269 | ||||||||||||||||||
Multi-client Data Library Amortization | 23,166 | - | - | - | - | 23,166 | |||||||||||||||||||
Depreciation and Other Amortization | 9,233 | - | - | 44 | (393 | ) | 8,884 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 71,149 | (3,789 | ) | 122 | 44 | (207 | ) | 67,319 | |||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | 1,039 | - | - | - | - | 1,039 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 5,173 | - | - | - | - | 5,173 | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 11,460 | - | - | - | 708 | 12,168 | |||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (3,455 | ) | - | - | - | (1,257 | ) | (4,712 | ) | ||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (15,333 | ) | (1,219 | ) | (122 | ) | (44 | ) | 756 | (15,962 | ) | ||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,884 | ) | - | - | (20 | ) | - | (8,904 | ) | ||||||||||||||||
Foreign exchange loss | (310 | ) | - | - | - | - | (310 | ) | |||||||||||||||||
Other expense | (122 | ) | - | - | - | - | (122 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (9,316 | ) | - | - | (20 | ) | - | (9,336 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (24,649 | ) | (1,219 | ) | (122 | ) | (64 | ) | 756 | (25,298 | ) | ||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (548 | ) | - | - | - | - | (548 | ) | |||||||||||||||||
Deferred | - | - | - | - | 3,595 | 3,595 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (548 | ) | - | - | - | 3,595 | 3,047 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (24,101 | ) | (1,219 | ) | (122 | ) | (64 | ) | (2,839 | ) | (28,345 | ) | |||||||||||||
NET INCOME, attributable to non-controlling interests | 98 | - | - | - | - | 98 | |||||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (24,199 | ) | $ | (1,219 | ) | $ | (122 | ) | $ | (64 | ) | $ | (2,839 | ) | $ | (28,443 | ) | |||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.64 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.07 | ) | $ | (0.75 | ) | |||||||
Diluted | $ | (0.64 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.07 | ) | $ | (0.75 | ) | |||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 38,087 | 38,087 | |||||||||||||||||||||||
Diluted | 38,087 | 38,087 | |||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 61,104 | |||||||||||||||||||||||
Multi-client Data Library Pre-commitments | 2,621 | ||||||||||||||||||||||||
Multi-client Data Library Late Sales | 13,414 | ||||||||||||||||||||||||
TOTAL REVENUES | 77,139 | ||||||||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 49,424 | ||||||||||||||||||||||||
Multi-client Data Library Amortization | 17,446 | ||||||||||||||||||||||||
Depreciation and Other Amortization | 7,954 | ||||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 74,824 | ||||||||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | 75,230 | ||||||||||||||||||||||||
GOODWILL IMPAIRMENT | 375 | ||||||||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 3,679 | ||||||||||||||||||||||||
SELLING GENERAL AND ADMINISTRATIVE EXPENSES | 11,668 | ||||||||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (987 | ) | |||||||||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (87,650 | ) | |||||||||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (10,103 | ) | |||||||||||||||||||||||
Foreign exchange loss | (172 | ) | |||||||||||||||||||||||
Other expense | (346 | ) | |||||||||||||||||||||||
TOTAL OTHER EXPENSE | (10,621 | ) | |||||||||||||||||||||||
LOSS BEFORE INCOME TAXES | (98,271 | ) | |||||||||||||||||||||||
INCOME TAX EXPENSE | |||||||||||||||||||||||||
Current | (1,507 | ) | |||||||||||||||||||||||
Deferred | 1,855 | ||||||||||||||||||||||||
TOTAL INCOME TAX EXPENSE | 348 | ||||||||||||||||||||||||
LOSS AFTER INCOME TAXES | (98,619 | ) | |||||||||||||||||||||||
NET INCOME (LOSS), attributable to non-controlling interests | — | ||||||||||||||||||||||||
NET LOSS, attributable to common stockholders | $ | (98,619 | ) | ||||||||||||||||||||||
LOSS PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (2.58 | ) | ||||||||||||||||||||||
Diluted | $ | (2.58 | ) | ||||||||||||||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 38,253 | ||||||||||||||||||||||||
Diluted | 38,253 | ||||||||||||||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Basis Of Presentation And Principles Of Consolidation [Policy Text Block] | ' | |||
Basis of Presentation and Principles of Consolidation | ||||
The Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the United States and include the accounts of Global Geophysical Services Inc. and its subsidiaries. All significant inter-company transactions and account balances have been eliminated upon consolidation. | ||||
Revenue Recognition, Policy [Policy Text Block] | ' | |||
Revenue Recognition: | ||||
Proprietary Services | ||||
The Company’s seismic services are provided under cancellable service contracts, which vary in terms and conditions. The Company recognizes revenues in accordance with the type of contract we provide services. These contracts are either “turnkey” or “term” agreements or a combination of the two. Under turnkey agreements or the turnkey portions thereof, the Company recognizes revenues based upon quantifiable measures of progress, such as square miles or linear kilometers of data acquired. Under term agreements or the term portions thereof, period revenues are recognized on a day-rate or other similar basis. Under certain contracts where the client pays separately for the mobilization of equipment, the Company recognizes such mobilization fees as revenues during the performance of the seismic acquisition, using the same quantifiable measures of progress as for the acquisition work. The Company also receives reimbursements for certain other out-of-pocket expenses under the terms of its service contracts. The Company records amounts billed to clients in revenues at the gross amount including out-of-pocket expenses that are reimbursed by the client. In some instances, customers are billed in advance of services performed which the Company records as deferred revenue. | ||||
Multi-client Services | ||||
The Company generates Multi-client revenues by granting a license to seismic data. This allows clients to have access to seismic data at a cost that is generally less than acquiring data on a proprietary basis. The Company’s Multi-client projects differ from seismic data services projects in that the Company sets the specifications of the program, generally handles all aspects of the seismic data acquisition, and maintains ownership of the seismic data and its corresponding revenue stream. | ||||
Revenues are recorded under arrangements from the licensing of Multi-client data as either pre-commitments, late sales or data swap transactions. Once a contract is signed, it is either classified as a pre-commitment or a late sale and the entire contract will follow the appropriate revenue recognition as described below. | ||||
Revenues from the creation of Multi-client projects are recognized when (i) the Company has a licensing arrangement with the customer that is validated by a signed contract, (ii) the sales price is fixed and determinable, (iii) collection is reasonably assured, and (iv) delivery, ‘as defined below’ has occurred. When the above criteria have been satisfied, the Company recognizes revenues using the proportionate performance method based upon quantifiable measures of progress such as square miles or linear kilometers of data acquired. | ||||
Revenues associated with a data swap transaction are recognized as a pre-commitment or late sale when (i) the Company has an arrangement with the customer that is validated by a signed contract, (ii) the value is determined based on the value which is more readily determinable, and (iii) the asset exchanged for has been received. Delivery is defined as ‘data is made available to the customer to view’. | ||||
If the data is subject to any incremental processing, the Company holds back a portion of the revenues to be recognized upon the delivery of the processed data to the customer. This hold back is calculated as a percentage of the data processing cost remaining to complete over the entire cost of the project. | ||||
Pre-commitment Revenues | ||||
Pre-commitment revenues are contractual obligations whereby a client commits funds in advance of the Company’s acquisition of Multi-client seismic data. In return for these pre-commitments, clients typically have some input with respect to project specifications and receive preferential pricing. The Company records pre-commitment payments as deferred revenue when they are received and records them as revenues on the basis of proportionate performance based on quantifiable measures of progress. | ||||
Late Sale Revenues | ||||
Late sales occur when we enter into an agreement to sell a non-exclusive license in a Multi-client survey to a customer and all or any portion of the seismic data has been acquired by the Company. For late sale contracts, any portion associated with data which has not been acquired will be deferred and recognized as revenues on the basis of proportionate performance. | ||||
Non-Monetary Transactions | ||||
The Company participates in certain non-cash data exchange transactions, in which the Company takes ownership of a customer’s seismic data in exchange for a non-exclusive license to selected seismic data from the Multi-client library. In these non-cash data exchange transactions, the Company records a data library asset for the data received and recognizes revenues on the transaction in accordance with its revenue recognition policy. These revenues are classified as either Multi-client pre-commitment revenues or Multi-client late sales based on their nature. These transactions are valued at the fair value of the data received or delivered, whichever is more readily determinable. For the years ended December 31, 2013, 2012, and 2011, the Company has recognized $0.4 million, $5.4 million and $3.1 million respectively, as revenues related to non-cash data transactions. | ||||
Multi-client Library | ||||
All costs directly incurred in acquiring, processing and otherwise completing a seismic survey are capitalized into the Multi-client library, including the depreciation of equipment owned or leased under capital leases and utilized in connection with a Multi-client seismic shoot. The Company establishes amortization rates based on the estimated future revenues (both from pre-commitments and late sales) on an individual survey basis. The underlying estimates that form the basis for the sales forecast depend on historical and recent revenue trends, oil and gas prospective in particular regions, general economic conditions affecting the customer base, expected changes in technology and other factors. The estimation of future cash flows and fair value is highly subjective and inherently imprecise. Estimates can change materially from period to period based on many factors. Accordingly, if conditions change in the future, an impairment loss may be recorded relative to the seismic data library, which could be material to any particular reporting period. However, under no circumstance will an individual survey carry a net book value greater than a four-year straight-line amortized value. This is accomplished by comparing the cumulative amortization recorded for each survey to the cumulative straight-line amortization. If the cumulative straight-line amortization is higher for any specific survey, additional amortization expense is recorded, resulting in accumulated amortization being equal to the cumulative straight-line amortization for such survey. We often refer to this additional straight-line amortization as “Backstop” amortization. Total amortization expense related to the Multi-client seismic data library was $99.9 million, $102.9 million and $112.8 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||
Precontract Costs, Policy [Policy Text Block] | ' | |||
Mobilization Costs Transportation and other expenses incurred prior to the commencement of the recording of seismic data are deferred and amortized over the period of recording in a manner that coincides with the physical progression of the recording of the underlying seismic data. Deferred mobilization costs for the years ended December 31, 2013 and 2012 were $13.1 million and $0.9 million, respectively. The costs deferred during 2013 are primarily attributable to operations in Alaska, Kenya, Colombia and Brazil. | ||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |||
Financial Instruments Financial instruments consist of cash and cash equivalents, accounts receivable and payables, and debt. The carrying value of cash and cash equivalents and accounts receivable and payables approximate fair value due to their short-term nature. The Company believes the fair value and the carrying value of all other debt would not be materially different due to the instruments’ interest rates approximating market rates for similar borrowings at December 31, 2013 and 2012. See Note 9 "Fair Values of Financial Instruments" for the fair value of the Company’s 10.5% senior notes. | ||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |||
Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. | ||||
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |||
Restricted Cash Investments Restricted cash investments represent cash and cash equivalents as collateral is respect of letter of credit issued in support of the Company's ongoing business. Restricted cash investments are not generally available to the Company until the respective letters of credit are cancelled or terminated undrawn. | ||||
Receivables, Policy [Policy Text Block] | ' | |||
Accounts Receivable Trade accounts receivables are recorded in accordance with terms and amounts specified in the related contracts on an ongoing basis. Amounts recorded as unbilled represent work done for customers but not billed at period end in accordance with contract provisions and generally are expected to be billed within a relatively short period of time. Management of the Company continually monitors accounts receivable for collectability issues. The Company evaluates the collectability of accounts receivable on a specific account basis using a combination of factors, including the age of the outstanding balances, evaluation of the customer’s financial condition, and discussions with relevant Company personnel and with the customers directly. The allowance for doubtful accounts was $3.7 million and $3.1 million at December 31, 2013 and 2012, respectively. Bad debt expense for the years ended December 31, 2013 and 2012 was $0.7 million and $5.6 million, respectively. | ||||
Inventory, Policy [Policy Text Block] | ' | |||
Inventory In 2012, the Company classified certain recording systems produced or held for sale as inventory. Such inventory consisted primarily of finished products. Inventory is stated at the lower of cost or net realizable value. Cost of inventory is determined by using the first-in, first-out method. The Company periodically reviews its inventory and makes provisions for damaged, missing or obsolete inventory. During 2013, the Company reclassified certain inventory assets to Property and Equipment and sold certain inventory assets to Seismic Equipment Solutions. | ||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | |||
Property and Equipment: Property and equipment are stated at cost. Depreciation is computed on the straight-line basis over the estimated useful lives of the various classes of assets as follows: | ||||
Buildings (years) | 40 | |||
Vessels (years) | 10 | |||
Computers and software (years) | 3 | - | 5 | |
Furniture and fixtures (years) | 1 | - | 2 | |
Machinery and equipment (years) | 3 | - | 7 | |
Management’s estimation of useful life is based on circumstances that exist in the seismic industry and information available at the time of the asset purchase. As circumstances change and new information becomes available these estimates could change. | ||||
Disposals are removed at cost less accumulated depreciation with any resulting gain or loss reflected in income (loss) from operations within the Consolidated Statements of Operations during the reporting period. During the years ended December 31, 2013, 2012 and 2011, the Company disposed of property and equipment, recognizing a gain of $8.6 million, $15.7 million and $1.7 million, respectively, inclusive of amortized deferred gain related to sale leaseback transactions in 2013, which is included in operating expenses. Substantially all of the Company’s assets are pledged as collateral to secure debt. | ||||
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | ' | |||
Goodwill Goodwill represents the excess of costs over the fair value of net assets of acquired businesses. Goodwill acquired in a business combination is not amortized, but instead tested for impairment at least annually or when indicators of impairment are present. The Company assessed qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company considered the following events and circumstances: macroeconomic conditions, industry, and market conditions, cost factors, overall financial performance, and other entity-specific events. The Company recorded an impairment charge of $1.4 million during the year ended December 31, 2013, classified in the Consolidated Statement of Operations as Goodwill Impairment. | ||||
Research, Development, and Computer Software, Policy [Policy Text Block] | ' | |||
Internal-Use Software In accordance with ASC 350-40, “Internal-Use Software”, the Company capitalizes costs related to the development of internal use software. When capitalized, the Company amortizes the costs of computer software developed for internal use on a straight-line basis or appropriate usage basis over the estimated useful life of the software of 5 years. For the years ended December 31, 2013, 2012 and 2011, the Company capitalized $0.6 million, $1.8 million, and $0.9 million, respectively, of development costs related to internal use software as a component of intellectual property. | ||||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | |||
Asset Impairment In accordance with ASC 360-10-35, “Impairment or Disposal of Long-Lived Assets”, the Company evaluates the recoverability of property and equipment, amortizable intangibles, and its Multi-client data library if facts and circumstances indicate that any of those assets might be impaired. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset’s carrying amount to determine if an impairment of such property and Multi-client data library is necessary. The effect of any impairment would be to expense the difference between the fair value of such property and its carrying value. There were no impairment charges recognized for property and equipment in the Consolidated Statements of Operations during the years ended December 31, 2013, 2012 and 2011. | ||||
For amortizable intangibles, the Company recognized $0.2 million of impairment related to a trademark in connection with the divestment of its line-clearing business during 2013. Refer to further discussion in Note 6. | ||||
For the Multi-client data library, the impairment evaluation is based first on a comparison of the undiscounted future cash flows over each project’s remaining estimated useful life with the carrying value of each project. If the undiscounted future cash flows are equal to or greater than the carrying value of such project, no impairment is recorded. If undiscounted future cash flows are less than the carrying value, the forecast of future cash flows related to such project is discounted to fair value and compared with such project’s carrying amount. The difference between the project’s carrying amount and the discounted future value of the expected revenue stream is recorded as an impairment charge. An impairment charge of $88.2 million was recognized for the Multi-client data library in the Consolidated Statements of Operations during the year ended December 31, 2013. Backstop amortization (non-cash charges recorded to ensure each individual survey in the library is carried at a net book value no greater than a four-year straight-line amortized value) of $10.7 million, $8.2 million, and $5.7 million was recognized during the years ended December 31, 2013, 2012 and 2011, respectively. | ||||
Revenue Recognition, Deferred Revenue [Policy Text Block] | ' | |||
Deferred Revenue Deferred revenue consists primarily of amounts contractually billable or client payments made in advance of work done and deferred fees related to the mobilization period. These amounts are recognized as earned under the terms of the related contract. Deferred revenue also includes deferred gains related to certain sale leaseback transactions. Such deferred gains are recognized on a straight-line basis over the term of the related lease agreement. | ||||
Treasury Stock [Policy Text Block] | ' | |||
Treasury Stock The Company utilizes the cost method for accounting for its treasury stock acquisitions and dispositions. | ||||
Deferred Charges, Policy [Policy Text Block] | ' | |||
Debt Issuance Costs The costs related to the issuance of debt are capitalized and amortized to interest expense using the effective interest method over the maturity period of the related debt. Accumulated amortization was $3.3 million and $2.0 million at December 31, 2013 and 2012, respectively. Amortization expense for the years ended December 31, 2013, 2012 and 2011 was $1.9 million, $0.9 million and $0.6 million, respectively. Amortization expense is projected to be $2.6 million, $2.9 million, $2.8 million and $0.5 million for the twelve months ended December 31, 2014 through 2017, respectively. | ||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | ' | |||
Concentrations of Credit Risk The Company maintains its cash in bank deposits with a financial institution. These deposits, at times, exceed federally insured limits. The Company monitors the financial condition of the financial institution and has not experienced any losses on such accounts. The Company is not party to any financial instruments which have off-balance sheet credit or interest rate risk. | ||||
Advertising Costs, Policy [Policy Text Block] | ' | |||
Advertising Advertising costs are expensed as incurred as a component of selling, general and administrative expenses and were $1.0 million, $0.5 million and $0.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||
Income Tax, Policy [Policy Text Block] | ' | |||
Income Taxes The Company follows ASC 740, “Income Taxes”, regarding the accounting for deferred tax assets and liabilities. Under the asset and liability method required by this guidance, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A deferred tax asset will be reduced by a valuation allowance when, based on the Company’s estimates, it is more likely than not that a portion of those assets will not be realized in a future period. | ||||
The Company follows ASC 740, “Income Taxes,” regarding the accounting for uncertainty in income taxes. This guidance clarifies the accounting for income taxes by prescribing the minimum recognition threshold that an income tax position is required to meet before recognizing in the consolidated financial statements and applies to all income tax positions. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based upon technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the consolidated financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. Additionally, the Company recognizes income tax related penalties and interest in the provision for income taxes. | ||||
Earnings Per Share, Policy [Policy Text Block] | ' | |||
Earnings Per Share The Company accounts for earnings per share in accordance with ASC 260, “Earnings Per Share”. Basic earnings per share amounts are calculated by dividing net income (loss) by the weighted average number of common shares outstanding during each period. Diluted earnings per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the periods, including the dilutive effect of restricted stock, options and warrants granted. Dilutive restricted stock, options, and warrants that are issued during a period or that expire or are cancelled during a period are reflected in the computations for the time they were outstanding during the periods being reported. Restricted stock, options and warrants, where the exercise price exceeds the average stock price for the period, are considered anti-dilutive and therefore are not included in the calculation of dilutive shares. | ||||
Foreign Operations [Policy Text Block] | ' | |||
Foreign Operations The Company’s future revenues, in part, depend on operating results from its operations in foreign countries. The success of the Company’s operations is subject to various contingencies beyond management’s control. These contingencies include general and regional economic conditions, prices for crude oil and natural gas, competition and changes in regulation. | ||||
The Company from time to time enters into transactions that are not denominated in U.S. dollars. These transactions are re-measured to U.S. dollars and the exchange gains and losses are reported in other expense within the Consolidated Statements of Operations. | ||||
Use of Estimates, Policy [Policy Text Block] | ' | |||
Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes current estimates are reasonable and appropriate, actual results could differ from those estimates. |
Note_3_Selected_Balance_Sheet_1
Note 3 - Selected Balance Sheet Accounts (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Restated) | |||||||||
Assets held for sale | $ | - | $ | 4,878 | |||||
Prepaid expenses | 3,227 | 1,181 | |||||||
Note receivable | 3,175 | 1,750 | |||||||
Total prepaid expenses and other current assets | $ | 6,402 | $ | 7,809 | |||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Restated) | |||||||||
Accounts receivable, trade | $ | 27,138 | $ | 38,126 | |||||
Unbilled accounts receivable, trade | 27,605 | 16,321 | |||||||
Allowance for doubtful accounts | (3,663 | ) | (3,066 | ) | |||||
Total accounts receivable, net | $ | 51,080 | $ | 51,381 |
Note_4_Multiclient_Library_Tab
Note 4 - Multi-client Library (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Multi Client Library [Abstract] | ' | ||||||||
Schedule of Other Assets, Noncurrent [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Restated) | |||||||||
Multi-client library, at cost | $ | 726,691 | $ | 655,329 | |||||
Less: accumulated Multi-client data library amortization | 446,038 | 346,159 | |||||||
Multi-client data library impairment | 88,223 | - | |||||||
Total Multi-client library (net) | $ | 192,430 | $ | 309,170 | |||||
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | ' | ||||||||
Year Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(Restated) | |||||||||
Multi-client data library revenue amortization | $ | 89,180 | $ | 94,652 | |||||
Backstop amortization(1) | 10,699 | 8,229 | |||||||
Total Multi-client data library amortization expense | $ | 99,879 | $ | 102,881 |
Note_5_Property_and_Equipment_
Note 5 - Property and Equipment (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Restated) | |||||||||||||
Machinery and equipment | $ | 301,569 | $ | 309,624 | |||||||||
Computers and software | 21,562 | 19,661 | |||||||||||
Buildings | 13,624 | 13,601 | |||||||||||
Vessels | 7,628 | 7,634 | |||||||||||
Land | 2,157 | 2,157 | |||||||||||
Furniture and fixtures | 78 | 103 | |||||||||||
346,618 | 352,780 | ||||||||||||
Less: accumulated depreciation | 269,884 | 259,323 | |||||||||||
76,734 | 93,457 | ||||||||||||
Work in progress | 2,959 | 1,912 | |||||||||||
Total property and equipment, net | $ | 79,693 | $ | 95,369 | |||||||||
Schedule Of Depreciation [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2012 | 2011 | ||||||||||||
2013 | (Restated) | (Restated) | |||||||||||
Gross depreciation expense | $ | 37,132 | $ | 40,825 | $ | 45,182 | |||||||
Less: capitalized deprecation for Multi-client library | 4,121 | 11,329 | 16,901 | ||||||||||
Depreciation expense, net | $ | 33,011 | $ | 29,496 | $ | 28,281 | |||||||
Note_6_Goodwill_and_Ingangible1
Note 6 - Goodwill and Ingangible Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Customer list | $ | 3,984 | $ | 3,984 | |||||
Trademark | 1,759 | 1,759 | |||||||
Patents | 3,913 | 3,913 | |||||||
Non-compete agreements | 1,057 | 1,057 | |||||||
Intellectual property | 9,493 | 8,883 | |||||||
20,206 | 19,596 | ||||||||
Less: accumulated amortization | 9,915 | 6,513 | |||||||
Intangible assets, net | 10,291 | 13,083 | |||||||
Goodwill | 10,967 | 12,381 | |||||||
Total goodwill and intangible assets, net | $ | 21,258 | $ | 25,464 | |||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||
Goodwill | |||||||||
Balance at January 1, 2013 | $ | 12,381 | |||||||
Impairment loss - Paisano | (1,039 | ) | |||||||
Other goodwill impairment | (375 | ) | |||||||
Balance at December 31, 2013 | $ | 10,967 |
Note_7_Income_Taxes_Tables
Note 7 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
U.S. | $ | (163,002 | ) | $ | 17,673 | $ | 18,157 | ||||||
Foreign | 5,818 | (12,658 | ) | (653 | ) | ||||||||
Income (loss) before income taxes | $ | (157,184 | ) | $ | 5,015 | $ | 17,504 | ||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
Current: | |||||||||||||
Federal | $ | — | $ | — | $ | — | |||||||
State | 69 | (900 | ) | 347 | |||||||||
Foreign | 5,469 | 10,100 | 8,673 | ||||||||||
$ | 5,538 | $ | 9,200 | $ | 9,020 | ||||||||
Deferred: | |||||||||||||
Federal | (9,321 | ) | 11,139 | 4,048 | |||||||||
State | 309 | 290 | (704 | ) | |||||||||
Foreign | 116 | 274 | 229 | ||||||||||
(8,896 | ) | 11,703 | 3,573 | ||||||||||
Total income tax expense (benefit) | $ | (3,358 | ) | $ | 20,903 | $ | 12,593 | ||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
Income tax expense (benefit) at statutory rate | $ | (55,014 | ) | $ | 1,755 | $ | 6,127 | ||||||
U.S. state income taxes | (1,147 | ) | (1,075 | ) | 663 | ||||||||
Non-U.S. effective rate different than statutory | 85 | 1,360 | (787 | ) | |||||||||
Effect of non-deductible expenses | 1,634 | 2,846 | 2,269 | ||||||||||
U.S. limit on foreign tax credits | 3,210 | 14,158 | — | ||||||||||
Change in valuation allowance | 47,073 | 1,231 | 2,988 | ||||||||||
Liabilities for uncertain tax matters | — | — | 800 | ||||||||||
Other | 801 | 628 | 533 | ||||||||||
Income tax expense (benefit) | $ | (3,358 | ) | $ | 20,903 | $ | 12,593 | ||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Restated) | |||||||||||||
Deferred tax assets: | |||||||||||||
Net operating loss carry forwards | $ | 115,538 | $ | 96,070 | |||||||||
Foreign tax credits | 956 | 956 | |||||||||||
Other | 4,557 | 1,409 | |||||||||||
Total gross deferred tax assets | 121,051 | 98,435 | |||||||||||
Less: valuation allowance | (65,523 | ) | (18,120 | ) | |||||||||
Total deferred tax asset | 55,528 | 80,315 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Property and equipment | (12,404 | ) | (13,688 | ) | |||||||||
Multi-client library | (38,881 | ) | (72,981 | ) | |||||||||
Other | (4,244 | ) | (2,713 | ) | |||||||||
Total gross deferred tax liabilities | (55,528 | ) | (89,382 | ) | |||||||||
Deferred tax liabilities, net | $ | — | $ | (9,067 | ) | ||||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Restated) | |||||||||||||
Beginning unrecognized tax benefits | $ | 1,553 | $ | 2,323 | |||||||||
Additions based on tax positions taken in current year | - | - | |||||||||||
Additions based on tax positions of prior years | - | - | |||||||||||
Reductions due to settlements with taxing authorities | - | (770 | ) | ||||||||||
Reductions due to lapse of statutes of limitation | - | - | |||||||||||
Ending unrecognized tax benefits | $ | 1,553 | $ | 1,553 |
Note_8_Debt_Tables
Note 8 - Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Senior notes | $ | 250,000 | $ | 250,000 | |||||
Senior Secured Term Loan Facility | 81,765 | - | |||||||
Revolving credit facility | - | 79,060 | |||||||
Promissory notes | 9,797 | 11,204 | |||||||
Notes payable - insurance | 513 | 806 | |||||||
342,075 | 341,070 | ||||||||
Less: unamortized discount | 5,533 | 6,850 | |||||||
336,542 | 334,220 | ||||||||
Less: current portion | 336,542 | 22,970 | |||||||
Total long-term debt, net of current portion and unamortized discount | $ | - | $ | 311,250 | |||||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | ||||||||
Year Ended December 31, | |||||||||
2014 | $ | 342,075 | |||||||
2015 | - | ||||||||
2016 | - | ||||||||
2017 | - | ||||||||
2018 | - | ||||||||
Thereafter | - | ||||||||
$ | 342,075 |
Note_9_Fair_Value_of_Financial1
Note 9 - Fair Value of Financial Instruments (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||||
Amount | Value | Amount | Value | ||||||||||||||
$200.0 million senior notes | $ | 196,608 | $ | 152,000 | $ | 195,801 | $ | 178,000 | |||||||||
$50.0 million senior notes | $ | 47,859 | $ | 38,000 | $ | 47,349 | $ | 44,500 |
Note_10_Earnings_Loss_Per_Shar1
Note 10 - Earnings (Loss) Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
Net income (loss) | $ | (153,514 | ) | $ | (15,586 | ) | $ | 4,933 | |||||
Less: Preferred stock dividend | 50 | — | — | ||||||||||
Net income (loss), attributable to common stockholders | $ | (153,564 | ) | $ | (15,586 | ) | $ | 4,933 | |||||
Weighted average shares outstanding: | |||||||||||||
Basic | 38,049 | 37,319 | 36,666 | ||||||||||
Diluted | — | — | — | ||||||||||
Total | 38,049 | 37,319 | 36,666 | ||||||||||
Basic income (loss) per share | $ | (4.03 | ) | $ | (0.42 | ) | $ | 0.13 | |||||
Diluted income (loss) per share | $ | (4.03 | ) | $ | (0.42 | ) | $ | 0.13 |
Note_11_Stockbased_Compensatio1
Note 11 - Stock-based Compensation (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||
Year Ended December 31, | |||||||||||||||||
2013 | 2011 | ||||||||||||||||
Risk-free interest rates | 1.67 | % | 2.68 | % | |||||||||||||
Expected lives (in years) | 7 | 7 | |||||||||||||||
Expected dividend yield | — | — | |||||||||||||||
Expected volatility | 75.37 | % | 59.08 | % | |||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
Number of Optioned Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term in Years | Weighted Average Optioned Grant Date Fair Value | ||||||||||||||
Balance at January 1, 2011 | 2,884,100 | $ | 22.93 | $ | 6.04 | ||||||||||||
Expired | — | — | — | ||||||||||||||
Granted | 65,000 | 21.92 | 13.49 | ||||||||||||||
Exercised | — | — | — | ||||||||||||||
Forfeited | (562,400 | ) | 23.11 | 8.02 | |||||||||||||
Balance at December 31, 2011 | 2,386,700 | 22.86 | 5.78 | ||||||||||||||
Expired | — | — | — | ||||||||||||||
Granted | — | — | — | ||||||||||||||
Exercised | — | — | — | ||||||||||||||
Forfeited | (493,500 | ) | 22.85 | 7.61 | |||||||||||||
Balance at December 31, 2012 | 1,893,200 | 22.87 | 5.3 | ||||||||||||||
Expired | — | — | — | ||||||||||||||
Granted | 1,084,200 | 3.39 | 3.39 | ||||||||||||||
Exercised | — | — | — | ||||||||||||||
Forfeited | (551,400 | ) | 20.86 | 4.83 | |||||||||||||
Balance at December 31, 2013 | 2,426,000 | $ | 14.62 | 4.62 | $ | 4.52 | |||||||||||
Exercisable at December 31, 2013 | 1,328,225 | $ | 22.56 | 4.56 | $ | 5.37 | |||||||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||||||
Number of Nonvested Restricted | Weighted Average Grant Date | ||||||||||||||||
Share Awards | Fair Value | ||||||||||||||||
Balance at January 1, 2011 | 595,053 | $ | 9.9 | ||||||||||||||
Granted | 755,100 | 11.4 | |||||||||||||||
Vested | (185,698 | ) | 9.25 | ||||||||||||||
Forfeited | (169,619 | ) | 11.42 | ||||||||||||||
Balance at December 31, 2011 | 994,836 | 10.84 | |||||||||||||||
Granted | 636,338 | 5.09 | |||||||||||||||
Vested | (375,741 | ) | 11.78 | ||||||||||||||
Forfeited | (278,457 | ) | 10.91 | ||||||||||||||
Balance at December 31, 2012 | 976,976 | 6.72 | |||||||||||||||
Granted | 553,647 | 3.32 | |||||||||||||||
Vested | (289,378 | ) | 10.98 | ||||||||||||||
Forfeited | (248,640 | ) | 9.54 | ||||||||||||||
Nonvested Restricted Shares Outstanding at December 31, 2013 | 992,605 | $ | 2.87 | ||||||||||||||
Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block] | ' | ||||||||||||||||
Number of Performance Units | Weighted Average Grant Date | ||||||||||||||||
Fair Value per Unit | |||||||||||||||||
Balance as of January 1, 2013 | — | $ | — | ||||||||||||||
Granted | 1,214,950 | $ | 7.7 | ||||||||||||||
Vested | — | $ | — | ||||||||||||||
Forfeited | (33,600 | ) | $ | 7.7 | |||||||||||||
Balance as of December 31, 2013 | 1,181,350 | $ | 7.7 |
Note_12_Segment_Information_Ta
Note 12 - Segment Information (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||
Proprietary Services | Multi-client Services | Corporate | Total | ||||||||||||||
Year Ended December 31, 2013: | |||||||||||||||||
Revenues | $ | 151,163 | $ | 137,496 | $ | - | $ | 288,659 | |||||||||
Operating expenses (1) (2) | 140,033 | 99,879 | 21,743 | 261,655 | |||||||||||||
Multi-client data library impairment | - | 88,223 | - | 88,223 | |||||||||||||
Goodwill impairment | - | - | 1,414 | 1,414 | |||||||||||||
SG&A and Multi-client data library commissions | - | 14,784 | 51,410 | 66,194 | |||||||||||||
Gain on disposal of property and equipment | - | - | (8,624 | ) | (8,624 | ) | |||||||||||
Operating income (loss) | $ | 11,130 | $ | (65,390 | ) | $ | (65,943 | ) | $ | (120,203 | ) | ||||||
Segment Assets | $ | 50,148 | $ | 208,894 | $ | 133,865 | $ | 392,907 | |||||||||
Year Ended December 31, 2012: (Restated) | |||||||||||||||||
Revenues | $ | 183,513 | $ | 155,916 | $ | - | $ | 339,429 | |||||||||
Operating expenses (1) (2) | 142,907 | 102,881 | 17,077 | 262,865 | |||||||||||||
Multi-client data library impairment | - | - | - | - | |||||||||||||
Goodwill impairment | - | - | - | - | |||||||||||||
SG&A and Multi-client data library commissions | - | - | 51,346 | 51,346 | |||||||||||||
Gain on disposal of property and equipment | - | - | (15,706 | ) | (15,706 | ) | |||||||||||
Operating income (loss) | $ | 40,606 | $ | 53,035 | $ | (52,717 | ) | $ | 40,924 | ||||||||
Segment Assets | $ | 26,843 | $ | 336,583 | $ | 184,260 | $ | 547,686 | |||||||||
Year Ended December 31, 2011: (Restated) | |||||||||||||||||
Revenues | $ | 207,068 | $ | 177,741 | $ | - | $ | 384,809 | |||||||||
Operating expenses (1) (2) | 169,966 | 112,082 | 16,400 | 299,168 | |||||||||||||
Multi-client data library impairment | - | - | - | - | |||||||||||||
Goodwill impairment | - | - | - | - | |||||||||||||
SG&A and Multi-client data library commissions | - | - | 43,962 | 43,962 | |||||||||||||
Gain on disposal of property and equipment | - | - | (1,683 | ) | (1,683 | ) | |||||||||||
Operating income (loss) | $ | 37,102 | $ | 64,939 | $ | (58,679 | ) | $ | 43,362 | ||||||||
Segment Assets | $ | 54,965 | $ | 276,273 | $ | 175,321 | $ | 506,559 |
Note_14_Commitments_and_Contin1
Note 14 - Commitments and Contingencies (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||
Operating Leases of Lessee Disclosure [Table Text Block] | ' | ||||||||
Operating Leases | Capital Leases | ||||||||
Year Ended December 31, | |||||||||
2014 | $ | 8,470 | $ | 6,042 | |||||
2015 | 1,380 | — | |||||||
2016 | 595 | — | |||||||
2017 | 196 | — | |||||||
2018 | 16 | — | |||||||
Thereafter | — | — | |||||||
Total future minimum lease payments | $ | 10,657 | 6,042 | ||||||
Less: amounts representing interest | 278 | ||||||||
Present value of net minimum lease payments | 5,764 | ||||||||
Less: current portion | 5,764 | ||||||||
Long-term portion | $ | — |
Note_15_Supplemental_Cash_Flow1
Note 15 - Supplemental Cash Flow Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Other Supplemental Cash Flow Information [Member] | ' | ||||||||||||
Note 15 - Supplemental Cash Flow Information (Tables) [Line Items] | ' | ||||||||||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Interest paid | $ | 32,733 | $ | 29,235 | $ | 23,435 | |||||||
Income taxes paid | $ | 3,847 | $ | 7,570 | $ | 8,922 | |||||||
Non-Cash Investing And Financing Activities [Member] | ' | ||||||||||||
Note 15 - Supplemental Cash Flow Information (Tables) [Line Items] | ' | ||||||||||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Restated) | (Restated) | ||||||||||||
Non-cash multi-client asset recorded as deferred revenue | $ | - | $ | 64 | $ | 2,205 | |||||||
Note payable related to purchase of business | $ | - | - | $ | 1,000 | ||||||||
Original issue discount on notes payable | $ | - | $ | 3,000 | $ | - | |||||||
Non-cash property and equipment additions associated with swap of property and equipment | $ | - | $ | 7,677 | $ | - | |||||||
Non-cash property and equipment additions associated with data swap | $ | 1,748 | $ | 1,751 | - | ||||||||
Property and equipment sale financed through note receivable | $ | 1,160 | $ | 2,329 | $ | 1,520 | |||||||
Property and equipment additions financed through capital leases | $ | 2,405 | $ | 7,640 | $ | 14,538 | |||||||
Purchase price not paid at close of acquisition | $ | - | $ | 2,993 | $ | 1,850 | |||||||
Investment in unconsolidated subsidiaries | $ | - | $ | - | $ | 958 | |||||||
Property and equipment additions transferred from inventory | $ | 11,864 | $ | - | $ | - | |||||||
Inventory additions transferred from property and equipment | $ | 2,641 | $ | - | $ | - | |||||||
Property and equipment additions transferred from held-for-sale | $ | 4,292 | $ | - | $ | - | |||||||
Held-for-sale additions transferred from property and equipment | $ | - | $ | 4,878 | $ | - | |||||||
Option payable recorded against additional paid in capital | $ | - | $ | - | $ | 702 | |||||||
Sale and leaseback financed through note receivable | $ | 3,165 | $ | - | $ | - | |||||||
Capitalized depreciation for Multi-client library | $ | 4,121 | $ | 11,329 | $ | 16,900 | |||||||
Holdback on disposition of property and equipment proceeds | $ | 400 | $ | - | $ | - | |||||||
Settlement of non-controlling interest through disposition of property and equipment | $ | 855 | $ | - | $ | - | |||||||
Liability settled through equity | $ | 435 | $ | 525 | $ | - |
Note_16_Customer_Concentration1
Note 16 - Customer Concentrations (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Risks and Uncertainties [Abstract] | ' | ||||||||||||||||||||||||
Fair Value, Concentration of Risk [Table Text Block] | ' | ||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 (Restated) | 2011 (Restated) | |||||||||||||||||||||||
Revenues | % of Total | Revenues | % of Total | Revenues | % of Total | ||||||||||||||||||||
Largest client | $ | 31.6 | 11 | % | $ | 52.5 | 15 | % | $ | 63.8 | 17 | % | |||||||||||||
Second largest client | — | — | — | — | 51.4 | 13 | % | ||||||||||||||||||
Total | $ | 31.6 | 11 | % | $ | 52.5 | 15 | % | $ | 115.2 | 30 | % | |||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 (Restated) | 2011 (Restated) | |||||||||||||||||||||||
Accounts Receivable | % of Total | Accounts Receivable | % of Total | Accounts Receivable | % of Total | ||||||||||||||||||||
Largest client | $ | — | — | $ | 0.5 | 1 | % | $ | 10.8 | 12 | % | ||||||||||||||
Second largest client | — | — | — | — | 6.7 | 8 | % | ||||||||||||||||||
Total | $ | — | — | $ | 0.5 | 1 | % | $ | 17.5 | 20 | % |
Note_19_Guarantees_of_Register1
Note 19 - Guarantees of Registered Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Note 19 - Guarantees of Registered Securities (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Condensed Balance Sheet [Table Text Block] | ' | ||||||||||||||||||||||||
31-Mar-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 26,988 | $ | - | $ | - | $ | - | $ | - | $ | 26,988 | |||||||||||||
Restricted cash investments | 2,821 | - | - | - | - | 2,821 | |||||||||||||||||||
Accounts receivable, net | 81,254 | - | - | - | - | 81,254 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 6,197 | - | - | - | - | 6,197 | |||||||||||||||||||
Mobilization costs, net | 3,539 | 362 | - | - | - | 3,901 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 595 | - | - | - | - | 595 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 121,394 | 362 | - | - | - | 121,756 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 253,728 | - | - | - | (102 | ) | 253,626 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 113,456 | - | (3,601 | ) | 475 | (6 | ) | 110,324 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 14,714 | - | - | - | - | 14,714 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 6,068 | - | - | - | - | 6,068 | |||||||||||||||||||
OTHER ASSETS | 1,856 | - | - | - | - | 1,856 | |||||||||||||||||||
TOTAL ASSETS | $ | 523,597 | $ | 362 | $ | (3,601 | ) | $ | 475 | $ | (108 | ) | $ | 520,725 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 53,946 | $ | - | $ | - | $ | 2,195 | $ | - | $ | 56,141 | |||||||||||||
Current portion of long-term debt | 14,357 | - | - | - | - | 14,357 | |||||||||||||||||||
Current portion of capital lease obligations | 6,682 | - | - | - | - | 6,682 | |||||||||||||||||||
Income and other taxes payable | 2,551 | - | - | - | 420 | 2,971 | |||||||||||||||||||
Deferred revenue | 43,711 | 740 | - | - | - | 44,451 | |||||||||||||||||||
Other payables | 3,749 | - | - | - | - | 3,749 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 124,996 | 740 | - | 2,195 | 420 | 128,351 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 6,122 | - | - | - | (4,913 | ) | 1,209 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 266,908 | - | - | - | - | 266,908 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 1,411 | - | - | - | - | 1,411 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,259 | - | - | - | - | 1,259 | |||||||||||||||||||
OTHER LIABILITIES | 750 | - | - | - | - | 750 | |||||||||||||||||||
TOTAL LIABILITIES | 401,446 | 740 | - | 2,195 | (4,493 | ) | 399,888 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 468 | - | - | - | - | 468 | |||||||||||||||||||
Additional paid-in capital | 247,763 | - | - | - | - | 247,763 | |||||||||||||||||||
Accumulated deficit | (29,554 | ) | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | (30,868 | ) | ||||||||||||||
218,677 | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | 217,363 | |||||||||||||||||
Less: treasury stock | 96,526 | - | - | - | - | 96,526 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 122,151 | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | 120,837 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 523,597 | $ | 362 | $ | (3,601 | ) | $ | 475 | $ | (108 | ) | $ | 520,725 | |||||||||||
30-Jun-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Sales Tax | Other | Restated | ||||||||||||||||||||||
Revenue | Research & | ||||||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 23,940 | $ | - | $ | - | $ | - | $ | - | $ | 23,940 | |||||||||||||
Restricted cash investments | 2,821 | - | - | - | - | 2,821 | |||||||||||||||||||
Accounts receivable, net | 76,869 | - | - | - | - | 76,869 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 3,385 | - | - | - | - | 3,385 | |||||||||||||||||||
Mobilization costs, net | 517 | 7,609 | - | - | - | 8,126 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 7,070 | - | - | - | - | 7,070 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 114,602 | 7,609 | - | - | - | 122,211 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 272,790 | - | - | - | (114 | ) | 272,676 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 116,512 | - | (4,209 | ) | 417 | (10 | ) | 112,710 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 14,248 | - | - | - | - | 14,248 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,839 | - | - | - | - | 5,839 | |||||||||||||||||||
OTHER ASSETS | 1,997 | - | - | - | 3 | 2,000 | |||||||||||||||||||
TOTAL ASSETS | $ | 538,369 | $ | 7,609 | $ | (4,209 | ) | $ | 417 | $ | (121 | ) | $ | 542,065 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 41,306 | $ | - | $ | - | $ | 2,214 | $ | - | $ | 43,520 | |||||||||||||
Current portion of long-term debt | 13,896 | - | - | - | - | 13,896 | |||||||||||||||||||
Current portion of capital lease obligations | 6,300 | - | - | - | - | 6,300 | |||||||||||||||||||
Income and other taxes payable | 3,020 | - | - | - | 420 | 3,440 | |||||||||||||||||||
Deferred revenue | 38,601 | 8,731 | - | - | - | 47,332 | |||||||||||||||||||
Other payables | 4,069 | - | - | - | - | 4,069 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 107,192 | 8,731 | - | 2,214 | 420 | 118,557 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 5,465 | - | - | - | (5,464 | ) | 1 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 296,201 | - | - | - | - | 296,201 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 1,106 | - | - | - | - | 1,106 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,209 | - | - | - | - | 1,209 | |||||||||||||||||||
OTHER LIABILITIES | 750 | - | - | - | - | 750 | |||||||||||||||||||
TOTAL LIABILITIES | 411,923 | 8,731 | - | 2,214 | (5,044 | ) | 417,824 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 471 | - | - | - | - | 471 | |||||||||||||||||||
Additional paid-in capital | 249,509 | - | - | - | - | 249,509 | |||||||||||||||||||
Accumulated deficit | (27,008 | ) | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | (29,213 | ) | ||||||||||||||
222,972 | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | 220,767 | |||||||||||||||||
Less: treasury stock | 96,526 | - | - | - | - | 96,526 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 126,446 | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | 124,241 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 538,369 | $ | 7,609 | $ | (4,209 | ) | $ | 417 | $ | (121 | ) | $ | 542,065 | |||||||||||
30-Sep-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 23,569 | $ | - | $ | - | $ | - | $ | - | $ | 23,569 | |||||||||||||
Restricted cash investments | 2,318 | - | - | - | - | 2,318 | |||||||||||||||||||
Accounts receivable, net | 77,060 | - | - | - | - | 77,060 | |||||||||||||||||||
Inventory | 11,229 | - | - | - | - | 11,229 | |||||||||||||||||||
Income and other taxes receivable | 1,827 | - | - | - | - | 1,827 | |||||||||||||||||||
Mobilization costs, net | 1,428 | (104 | ) | - | - | - | 1,324 | ||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 9,355 | - | - | - | - | 9,355 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 126,786 | (104 | ) | - | - | - | 126,682 | ||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 288,793 | - | - | - | (114 | ) | 288,679 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 108,155 | - | (4,365 | ) | 359 | (29 | ) | 104,120 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 13,726 | - | - | - | - | 13,726 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,986 | - | - | - | - | 5,986 | |||||||||||||||||||
OTHER ASSETS | 570 | - | - | - | - | 570 | |||||||||||||||||||
TOTAL ASSETS | $ | 556,397 | $ | (104 | ) | $ | (4,365 | ) | $ | 359 | $ | (143 | ) | $ | 552,144 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 50,276 | $ | - | $ | - | $ | 2,234 | $ | - | $ | 52,510 | |||||||||||||
Current portion of long-term debt | 15,004 | - | - | - | - | 15,004 | |||||||||||||||||||
Current portion of capital lease obligations | 5,145 | - | - | - | - | 5,145 | |||||||||||||||||||
Income and other taxes payable | 3,144 | - | - | - | 420 | 3,564 | |||||||||||||||||||
Deferred revenue | 22,848 | - | - | - | - | 22,848 | |||||||||||||||||||
Other payables | 4,426 | - | - | - | - | 4,426 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 100,843 | - | - | 2,234 | 420 | 103,497 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 7,862 | - | - | - | (5,180 | ) | 2,682 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 310,941 | - | - | - | - | 310,941 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 883 | - | - | - | - | 883 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,360 | - | - | - | - | 1,360 | |||||||||||||||||||
OTHER LIABILITIES | - | - | - | - | - | - | |||||||||||||||||||
TOTAL LIABILITIES | 421,889 | - | - | 2,234 | (4,760 | ) | 419,363 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 473 | - | - | - | - | 473 | |||||||||||||||||||
Additional paid-in capital | 251,763 | - | - | - | - | 251,763 | |||||||||||||||||||
Accumulated deficit | (21,201 | ) | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | (22,928 | ) | ||||||||||||||
231,035 | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | 229,308 | |||||||||||||||||
Less: treasury stock | 96,527 | - | - | - | - | 96,527 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 134,508 | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | 132,781 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 556,397 | $ | (104 | ) | $ | (4,365 | ) | $ | 359 | $ | (143 | ) | $ | 552,144 | ||||||||||
31-Mar-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 32,332 | $ | - | $ | - | $ | - | $ | - | $ | 32,332 | |||||||||||||
Restricted cash investments | 1,650 | - | - | - | - | 1,650 | |||||||||||||||||||
Accounts receivable, net | 47,422 | - | - | - | - | 47,422 | |||||||||||||||||||
Inventory | 11,219 | - | - | - | - | 11,219 | |||||||||||||||||||
Income and other taxes receivable | 1,472 | - | - | - | - | 1,472 | |||||||||||||||||||
Mobilization costs, net | 4,481 | (102 | ) | - | - | - | 4,379 | ||||||||||||||||||
Current deferred tax asset | 12,673 | - | - | - | - | 12,673 | |||||||||||||||||||
Prepaid expenses and other current assets | 6,189 | - | - | - | - | 6,189 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 117,438 | (102 | ) | - | - | - | 117,336 | ||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 291,197 | - | - | - | (190 | ) | 291,007 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 94,093 | - | (4,638 | ) | 259 | (125 | ) | 89,589 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 12,369 | - | - | - | - | 12,369 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,385 | - | - | - | - | 5,385 | |||||||||||||||||||
OTHER ASSETS | 678 | - | - | - | - | 678 | |||||||||||||||||||
TOTAL ASSETS | $ | 533,541 | $ | (102 | ) | $ | (4,638 | ) | $ | 259 | $ | (315 | ) | $ | 528,745 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 48,400 | $ | - | $ | - | $ | 2,274 | $ | - | $ | 50,674 | |||||||||||||
Current portion of long-term debt | 17,198 | - | - | - | - | 17,198 | |||||||||||||||||||
Current portion of capital lease obligations | 4,449 | - | - | - | - | 4,449 | |||||||||||||||||||
Income and other taxes payable | 2,280 | - | - | - | 1,472 | 3,752 | |||||||||||||||||||
Deferred revenue | 20,100 | - | - | - | - | 20,100 | |||||||||||||||||||
Other payables | 1,814 | - | - | - | - | 1,814 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 94,241 | - | - | 2,274 | 1,472 | 97,987 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 24,521 | - | - | - | (5,248 | ) | 19,273 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 311,366 | - | - | - | - | 311,366 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 3,402 | - | - | - | - | 3,402 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 873 | - | - | - | - | 873 | |||||||||||||||||||
OTHER LIABILITIES | 981 | - | - | - | (425 | ) | 556 | ||||||||||||||||||
TOTAL LIABILITIES | 435,384 | - | - | 2,274 | (4,201 | ) | 433,457 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 481 | - | - | - | - | 481 | |||||||||||||||||||
Additional paid-in capital | 255,563 | - | - | - | - | 255,563 | |||||||||||||||||||
Accumulated deficit | (61,357 | ) | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | (64,226 | ) | ||||||||||||||
194,687 | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | 191,818 | |||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 98,157 | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | 95,288 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 533,541 | $ | (102 | ) | $ | (4,638 | ) | $ | 259 | $ | (315 | ) | $ | 528,745 | ||||||||||
30-Jun-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 10,681 | $ | - | $ | - | $ | - | $ | - | $ | 10,681 | |||||||||||||
Restricted cash investments | 1,440 | - | - | - | - | 1,440 | |||||||||||||||||||
Accounts receivable, net | 43,153 | - | - | - | - | 43,153 | |||||||||||||||||||
Inventory | 5,025 | - | - | - | - | 5,025 | |||||||||||||||||||
Income and other taxes receivable | 815 | - | - | - | - | 815 | |||||||||||||||||||
Mobilization costs, net | 4,830 | 1,360 | - | - | - | 6,190 | |||||||||||||||||||
Current deferred tax asset | 12,673 | - | - | - | - | 12,673 | |||||||||||||||||||
Prepaid expenses and other current assets | 11,141 | - | - | - | - | 11,141 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 89,758 | 1,360 | - | - | - | 91,118 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 291,005 | - | - | - | (129 | ) | 290,876 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 91,502 | - | (4,800 | ) | 211 | (214 | ) | 86,699 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 11,745 | - | - | - | - | 11,745 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,224 | - | - | - | - | 5,224 | |||||||||||||||||||
OTHER ASSETS | 837 | - | - | - | - | 837 | |||||||||||||||||||
TOTAL ASSETS | $ | 502,452 | $ | 1,360 | $ | (4,800 | ) | $ | 211 | $ | (343 | ) | $ | 498,880 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 37,609 | $ | - | $ | - | $ | 2,294 | $ | - | $ | 39,903 | |||||||||||||
Current portion of long-term debt | 92,431 | - | - | - | - | 92,431 | |||||||||||||||||||
Current portion of capital lease obligations | 4,410 | - | - | - | - | 4,410 | |||||||||||||||||||
Income and other taxes payable | 2,491 | - | - | - | 1,472 | 3,963 | |||||||||||||||||||
Deferred revenue | 13,111 | 651 | - | - | - | 13,762 | |||||||||||||||||||
Other payables | 1,666 | - | - | - | - | 1,666 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 151,718 | 651 | - | 2,294 | 1,472 | 156,135 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 17,396 | - | - | - | (5,115 | ) | 12,281 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 244,191 | - | - | - | - | 244,191 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 3,494 | - | - | - | - | 3,494 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 758 | - | - | - | - | 758 | |||||||||||||||||||
OTHER LIABILITIES | 958 | - | - | - | (425 | ) | 533 | ||||||||||||||||||
TOTAL LIABILITIES | 418,515 | 651 | - | 2,294 | (4,068 | ) | 417,392 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 482 | - | - | - | - | 482 | |||||||||||||||||||
Additional paid-in capital | 257,128 | - | - | - | - | 257,128 | |||||||||||||||||||
Accumulated deficit | (77,143 | ) | 709 | (4,800 | ) | (2,083 | ) | 3,725 | (79,592 | ) | |||||||||||||||
180,467 | 709 | (4,800 | ) | (2,083 | ) | 3,725 | 178,018 | ||||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 83,937 | 709 | (4,800 | ) | (2,083 | ) | 3,725 | 81,488 | |||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 502,452 | $ | 1,360 | $ | (4,800 | ) | $ | 211 | $ | (343 | ) | $ | 498,880 | |||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 16,774 | $ | - | $ | - | $ | - | $ | - | $ | 16,774 | |||||||||||||
Restricted cash investments | 985 | - | - | - | - | 985 | |||||||||||||||||||
Accounts receivable, net | 40,162 | - | - | - | - | 40,162 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 386 | - | - | - | - | 386 | |||||||||||||||||||
Mobilization costs, net | 6,139 | 5,149 | - | - | - | 11,288 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 3,184 | - | - | - | - | 3,184 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 67,630 | 5,149 | - | - | - | 72,779 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 279,183 | - | - | - | (151 | ) | 279,032 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 89,614 | - | (4,922 | ) | 167 | 1,268 | 86,127 | ||||||||||||||||||
GOODWILL | 11,342 | - | - | - | - | 11,342 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 10,859 | - | - | - | - | 10,859 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 9,405 | - | - | - | - | 9,405 | |||||||||||||||||||
OTHER ASSETS | 630 | - | - | - | - | 630 | |||||||||||||||||||
TOTAL ASSETS | $ | 468,663 | $ | 5,149 | $ | (4,922 | ) | $ | 167 | $ | 1,117 | $ | 470,174 | ||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 43,779 | $ | - | $ | - | $ | 2,314 | $ | - | $ | 46,093 | |||||||||||||
Current portion of long-term debt | 10,252 | - | - | - | - | 10,252 | |||||||||||||||||||
Current portion of capital lease obligations | 3,990 | - | - | - | - | 3,990 | |||||||||||||||||||
Income and other taxes payable | 2,436 | - | - | - | 1,472 | 3,908 | |||||||||||||||||||
Deferred revenue | 10,364 | 5,659 | - | - | - | 16,023 | |||||||||||||||||||
Other payables | 1,465 | - | - | - | - | 1,465 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 72,286 | 5,659 | - | 2,314 | 1,472 | 81,731 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 3,005 | - | - | - | (1,520 | ) | 1,485 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 327,325 | - | - | - | - | 327,325 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 2,849 | - | - | - | - | 2,849 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 856 | - | - | - | - | 856 | |||||||||||||||||||
OTHER LIABILITIES | 970 | - | - | - | (425 | ) | 545 | ||||||||||||||||||
TOTAL LIABILITIES | 407,291 | 5,659 | - | 2,314 | (473 | ) | 414,791 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 483 | - | - | - | - | 483 | |||||||||||||||||||
Additional paid-in capital | 258,761 | - | - | - | 703 | 259,464 | |||||||||||||||||||
Accumulated deficit | (101,342 | ) | (510 | ) | (4,922 | ) | (2,147 | ) | 887 | (108,034 | ) | ||||||||||||||
157,902 | (510 | ) | (4,922 | ) | (2,147 | ) | 1,590 | 151,913 | |||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 61,372 | (510 | ) | (4,922 | ) | (2,147 | ) | 1,590 | 55,383 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 468,663 | $ | 5,149 | $ | (4,922 | ) | $ | 167 | $ | 1,117 | $ | 470,174 | ||||||||||||
Registered Securities [Member] | ' | ||||||||||||||||||||||||
Note 19 - Guarantees of Registered Securities (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Condensed Balance Sheet [Table Text Block] | ' | ||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||||||||||
BALANCE SHEET | |||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current assets: | $ | 139,442 | $ | 8,001 | $ | (56,918 | ) | $ | 90,525 | ||||||||||||||||
Multi-client library, net | 191,080 | 1,350 | - | 192,430 | |||||||||||||||||||||
Property and equipment, net | 78,589 | 1,104 | - | 79,693 | |||||||||||||||||||||
Investment in subsidiaries | 1 | - | (1 | ) | - | ||||||||||||||||||||
Intercompany accounts | 22,283 | (22,278 | ) | (5 | ) | - | |||||||||||||||||||
Other non-current assets | 30,195 | 64 | - | 30,259 | |||||||||||||||||||||
TOTAL ASSETS | $ | 461,590 | $ | (11,759 | ) | $ | (56,924 | ) | $ | 392,907 | |||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Current liabilities | $ | 430,658 | $ | 52,247 | $ | (56,923 | ) | $ | 425,982 | ||||||||||||||||
Long-term debt and capital lease obligations, net of current portion and unamortized discount | - | - | - | - | |||||||||||||||||||||
Deferred income taxes and other non-current liabilities | 254 | - | - | 254 | |||||||||||||||||||||
TOTAL LIABILITIES | 430,912 | 52,247 | (56,923 | ) | 426,236 | ||||||||||||||||||||
Stockholders’ equity (deficit) | 30,678 | (64,006 | ) | (1 | ) | (33,329 | ) | ||||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 461,590 | $ | (11,759 | ) | $ | (56,924 | ) | $ | 392,907 | |||||||||||||||
As of December 31, 2012 (Restated) | |||||||||||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||||||||||
BALANCE SHEET | |||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current assets: | $ | 150,375 | $ | 21,761 | $ | (60,854 | ) | $ | 111,282 | ||||||||||||||||
Multi-client library, net | 309,134 | 36 | - | 309,170 | |||||||||||||||||||||
Property and equipment, net | 92,326 | 3,043 | - | 95,369 | |||||||||||||||||||||
Investment in subsidiaries | 1 | - | (1 | ) | - | ||||||||||||||||||||
Intercompany accounts | 20,589 | (20,589 | ) | - | - | ||||||||||||||||||||
Other non-current assets | 31,728 | 137 | - | 31,865 | |||||||||||||||||||||
TOTAL ASSETS | $ | 604,153 | $ | 4,388 | $ | (60,855 | ) | $ | 547,686 | ||||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Current liabilities | $ | 106,293 | $ | 58,612 | $ | (60,854 | ) | $ | 104,051 | ||||||||||||||||
Long-term debt and capital lease obligations, net of current portion and unamortized discount | 315,426 | - | - | 315,426 | |||||||||||||||||||||
Deferred income taxes and other non-current liabilities | 23,987 | - | - | 23,987 | |||||||||||||||||||||
TOTAL LIABILITIES | 445,706 | 58,612 | (60,854 | ) | 443,464 | ||||||||||||||||||||
Stockholders’ equity (deficit) | 158,447 | (54,224 | ) | (1 | ) | 104,222 | |||||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 604,153 | $ | 4,388 | $ | (60,855 | ) | $ | 547,686 | ||||||||||||||||
Condensed Income Statement [Table Text Block] | ' | ||||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||||||||||
STATEMENT OF OPERATIONS | |||||||||||||||||||||||||
Revenues | $ | 247,401 | $ | 48,887 | $ | (7,629 | ) | $ | 288,659 | ||||||||||||||||
Operating expenses | 223,539 | 44,788 | (6,672 | ) | 261,655 | ||||||||||||||||||||
Multi-client data library impairment | 88,223 | - | - | 88,223 | |||||||||||||||||||||
Goodwill impairment | 1,414 | - | - | 1,414 | |||||||||||||||||||||
Multi-client data library commissions | 14,784 | - | - | 14,784 | |||||||||||||||||||||
Selling, general and administrative expenses | 40,815 | 11,552 | (957 | ) | 51,410 | ||||||||||||||||||||
Gain or disposal of property and equipment | (8,624 | ) | - | - | (8,624 | ) | |||||||||||||||||||
Income (loss) from operations | (112,750 | ) | (7,453 | ) | - | (120,203 | ) | ||||||||||||||||||
Interest expense, net | (35,693 | ) | (152 | ) | - | (35,845 | ) | ||||||||||||||||||
Other expense, net | (446 | ) | (690 | ) | - | (1,136 | ) | ||||||||||||||||||
Income (loss) before income taxes | (148,889 | ) | (8,295 | ) | - | (157,184 | ) | ||||||||||||||||||
Income tax expense (benefit) | (4,846 | ) | 1,488 | - | (3,358 | ) | |||||||||||||||||||
Loss after income taxes | (144,043 | ) | (9,783 | ) | - | (153,826 | ) | ||||||||||||||||||
Net loss, attributable to non-controlling interests | (312 | ) | - | - | (312 | ) | |||||||||||||||||||
Net income (loss), attributable to common stockholders | $ | (143,731 | ) | $ | (9,783 | ) | $ | - | $ | (153,514 | ) | ||||||||||||||
Year Ended December 31, 2012 (Restated) | |||||||||||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||||||||||
STATEMENT OF OPERATIONS | |||||||||||||||||||||||||
Revenues | $ | 222,167 | $ | 127,402 | $ | (10,140 | ) | $ | 339,429 | ||||||||||||||||
Operating expenses | 162,602 | 109,213 | (8,950 | ) | 262,865 | ||||||||||||||||||||
Multi-client data library impairment | - | - | - | - | |||||||||||||||||||||
Goodwill impairment | - | - | - | - | |||||||||||||||||||||
Multi-client data library commissions | - | - | - | - | |||||||||||||||||||||
Selling, general and administrative expenses | 27,492 | 25,043 | (1,189 | ) | 51,346 | ||||||||||||||||||||
Gain or disposal of property and equipment | (15,446 | ) | (260 | ) | - | (15,706 | ) | ||||||||||||||||||
Income (loss) from operations | 47,519 | (6,594 | ) | (1 | ) | 40,924 | |||||||||||||||||||
Interest expense, net | (31,764 | ) | 14 | - | (31,750 | ) | |||||||||||||||||||
Other expense, net | (2,255 | ) | (1,905 | ) | 1 | (4,159 | ) | ||||||||||||||||||
Income (loss) before income taxes | 13,500 | (8,485 | ) | - | 5,015 | ||||||||||||||||||||
Income tax expense (benefit) | 15,670 | 5,233 | - | 20,903 | |||||||||||||||||||||
Loss after income taxes | (2,170 | ) | (13,718 | ) | - | (15,888 | ) | ||||||||||||||||||
Net loss, attributable to non-controlling interests | (302 | ) | - | - | (302 | ) | |||||||||||||||||||
Net income (loss), attributable to common stockholders | $ | (1,868 | ) | $ | (13,718 | ) | $ | - | $ | (15,586 | ) | ||||||||||||||
Year Ended December 31, 2011 (Restated) | |||||||||||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||||||||||
STATEMENT OF OPERATIONS | |||||||||||||||||||||||||
Revenues | $ | 305,119 | $ | 89,133 | $ | (9,443 | ) | $ | 384,809 | ||||||||||||||||
Operating expenses | 216,669 | 90,887 | (8,388 | ) | 299,168 | ||||||||||||||||||||
Multi-client data library impairment | - | - | - | - | |||||||||||||||||||||
Goodwill impairment | - | - | - | - | |||||||||||||||||||||
Multi-client data library commissions | - | - | - | - | |||||||||||||||||||||
Selling, general and administrative expenses | 32,686 | 12,331 | (1,055 | ) | 43,962 | ||||||||||||||||||||
Gain or disposal of property and equipment | (885 | ) | (798 | ) | - | (1,683 | ) | ||||||||||||||||||
Income (loss) from operations | 56,649 | (13,287 | ) | - | 43,362 | ||||||||||||||||||||
Interest expense, net | (25,347 | ) | 18 | - | (25,329 | ) | |||||||||||||||||||
Other expense, net | 910 | (1,439 | ) | - | (529 | ) | |||||||||||||||||||
Income (loss) before income taxes | 32,212 | (14,708 | ) | - | 17,504 | ||||||||||||||||||||
Income tax expense (benefit) | 9,213 | 3,380 | - | 12,593 | |||||||||||||||||||||
Income (loss) after income taxes | 22,999 | (18,088 | ) | - | 4,911 | ||||||||||||||||||||
Net income (loss), attributable to non-controlling interests | (22 | ) | - | - | (22 | ) | |||||||||||||||||||
Net income (loss), attributable to common stockholders | $ | 23,021 | $ | (18,088 | ) | $ | - | $ | 4,933 | ||||||||||||||||
Condensed Cash Flow Statement [Table Text Block] | ' | ||||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||||||||||
STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 62,674 | $ | (4,514 | ) | $ | — | $ | 58,160 | ||||||||||||||||
Net cash used in investing activities | (58,612 | ) | (2,057 | ) | — | (60,669 | ) | ||||||||||||||||||
Net cash provided by (used in) financing activities | (3,356 | ) | 1,406 | — | (1,950 | ) | |||||||||||||||||||
Net increase (decrease) in cash and cash equivalents | $ | 706 | $ | (5,165 | ) | $ | — | $ | (4,459 | ) | |||||||||||||||
Year Ended December 31, 2012 (Restated) | |||||||||||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||||||||||
STATEMENTS OF CASH FLOWS | |||||||||||||||||||||||||
Net cash provided by operating activities | $ | 117,016 | $ | 4,968 | $ | - | $ | 121,984 | |||||||||||||||||
Net cash used in investing activities | (158,955 | ) | (8,102 | ) | - | (167,057 | ) | ||||||||||||||||||
Net cash provided by (used in) financing activities | 49,161 | (2,254 | ) | - | 46,907 | ||||||||||||||||||||
Net increase (decrease) in cash and cash equivalents | $ | 7,222 | $ | (5,388 | ) | $ | - | $ | 1,834 | ||||||||||||||||
Year Ended December 31, 2011 (Restated) | |||||||||||||||||||||||||
Guarantors | Non-guarantors | Eliminations | Consolidated | ||||||||||||||||||||||
STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||
Net cash provided by operating activities | $ | 127,309 | $ | 7,792 | $ | — | $ | 135,101 | |||||||||||||||||
Net cash used in investing activities | (195,728 | ) | (4,216 | ) | — | (199,944 | ) | ||||||||||||||||||
Net cash provided by financing activities | 55,701 | 2,430 | — | 58,131 | |||||||||||||||||||||
Net increase (decrease) in cash and cash equivalents | $ | (12,718 | ) | $ | 6,006 | $ | — | $ | (6,712 | ) |
Note_21_Restatement_of_Consoli1
Note 21 - Restatement of Consolidated Financial Statements (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Note 21 - Restatement of Consolidated Financial Statements (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | ' | ||||||||||||||||||||||||
Three Months Ended March 31, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 64,835 | $ | 398 | $ | - | $ | - | $ | - | $ | 65,233 | |||||||||||||
Multi-client Data Library Pre-commitments | 16,575 | - | - | - | (307 | ) | 16,268 | ||||||||||||||||||
Multi-client Data Library Late Sales | 14,701 | - | - | - | - | 14,701 | |||||||||||||||||||
TOTAL REVENUES | 96,111 | 398 | - | - | (307 | ) | 96,202 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 40,797 | 50 | 34 | - | 1,778 | 42,659 | |||||||||||||||||||
Multi-client Data Library Amortization | 22,356 | - | - | - | (134 | ) | 22,222 | ||||||||||||||||||
Depreciation and Other Amortization | 6,964 | - | - | 69 | 2 | 7,035 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 70,117 | 50 | 34 | 69 | 1,646 | 71,916 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 15,541 | - | - | - | (1,333 | ) | 14,208 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (9,423 | ) | - | - | - | - | (9,423 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 19,876 | 348 | (34 | ) | (69 | ) | (620 | ) | 19,501 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (7,115 | ) | - | - | (24 | ) | - | (7,139 | ) | ||||||||||||||||
Foreign exchange loss | (110 | ) | - | - | - | - | (110 | ) | |||||||||||||||||
Other expense | (182 | ) | - | - | - | - | (182 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (7,407 | ) | - | - | (24 | ) | - | (7,431 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 12,469 | 348 | (34 | ) | (93 | ) | (620 | ) | 12,070 | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 5,749 | - | - | - | - | 5,749 | |||||||||||||||||||
Deferred | - | - | - | - | (156 | ) | (156 | ) | |||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 5,749 | - | - | - | (156 | ) | 5,593 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 6,720 | 348 | (34 | ) | (93 | ) | (464 | ) | 6,477 | ||||||||||||||||
NET LOSS, attributable to non-controlling interests | (210 | ) | - | - | - | - | (210 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 6,930 | $ | 348 | $ | (34 | ) | $ | (93 | ) | $ | (464 | ) | $ | 6,687 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.19 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.18 | ||||||||||
Diluted | $ | 0.19 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.18 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,039 | 37,039 | |||||||||||||||||||||||
Diluted | 37,039 | 37,039 | |||||||||||||||||||||||
Three Months Ended June 30, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 58,578 | $ | (7,991 | ) | $ | - | $ | - | $ | - | $ | 50,587 | ||||||||||||
Multi-client Data Library Pre-commitments | 25,801 | - | - | - | - | 25,801 | |||||||||||||||||||
Multi-client Data Library Late Sales | 12,993 | - | - | - | - | 12,993 | |||||||||||||||||||
TOTAL REVENUES | 97,372 | (7,991 | ) | - | - | - | 89,381 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 40,399 | (7,247 | ) | 608 | - | 1,327 | 35,087 | ||||||||||||||||||
Multi-client Data Library Amortization | 25,772 | - | - | - | - | 25,772 | |||||||||||||||||||
Depreciation and Other Amortization | 6,262 | - | - | 58 | 2 | 6,322 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 72,433 | (7,247 | ) | 608 | 58 | 1,329 | 67,181 | ||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 12,086 | - | - | - | (1,312 | ) | 10,774 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (458 | ) | - | - | - | - | (458 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 13,311 | (744 | ) | (608 | ) | (58 | ) | (17 | ) | 11,884 | |||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (7,934 | ) | - | - | (20 | ) | - | (7,954 | ) | ||||||||||||||||
Foreign exchange loss | (939 | ) | - | - | - | - | (939 | ) | |||||||||||||||||
Other expense | (236 | ) | - | - | - | - | (236 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (9,109 | ) | - | - | (20 | ) | - | (9,129 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 4,202 | (744 | ) | (608 | ) | (78 | ) | (17 | ) | 2,755 | |||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 1,706 | - | - | - | - | 1,706 | |||||||||||||||||||
Deferred | - | - | - | - | (554 | ) | (554 | ) | |||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 1,706 | - | - | - | (554 | ) | 1,152 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 2,496 | (744 | ) | (608 | ) | (78 | ) | 537 | 1,603 | ||||||||||||||||
NET LOSS, attributable to non-controlling interests | (50 | ) | - | - | - | - | (50 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 2,546 | $ | (744 | ) | $ | (608 | ) | $ | (78 | ) | $ | 537 | $ | 1,653 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.07 | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.00 | ) | $ | 0.01 | $ | 0.04 | ||||||||||
Diluted | $ | 0.07 | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.00 | ) | $ | 0.01 | $ | 0.04 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,247 | 37,247 | |||||||||||||||||||||||
Diluted | 37,247 | 37,247 | |||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 30,173 | $ | 8,731 | $ | - | $ | - | $ | - | $ | 38,904 | |||||||||||||
Multi-client Data Library Pre-commitments | 48,476 | - | - | - | - | 48,476 | |||||||||||||||||||
Multi-client Data Library Late Sales | 11,565 | - | - | - | - | 11,565 | |||||||||||||||||||
TOTAL REVENUES | 90,214 | 8,731 | - | - | - | 98,945 | |||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 17,164 | 7,712 | 156 | - | 1,471 | 26,503 | |||||||||||||||||||
Multi-client Data Library Amortization | 37,412 | - | - | - | - | 37,412 | |||||||||||||||||||
Depreciation and Other Amortization | 5,727 | - | - | 58 | 4 | 5,789 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 60,303 | 7,712 | 156 | 58 | 1,475 | 69,704 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 10,867 | - | - | - | (1,457 | ) | 9,410 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (2,231 | ) | - | - | - | - | (2,231 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 21,275 | 1,019 | (156 | ) | (58 | ) | (18 | ) | 22,062 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,295 | ) | - | - | (20 | ) | - | (8,315 | ) | ||||||||||||||||
Foreign exchange loss | (206 | ) | - | - | - | - | (206 | ) | |||||||||||||||||
Other expense | (1,952 | ) | - | - | - | - | (1,952 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (10,453 | ) | - | - | (20 | ) | - | (10,473 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 10,822 | 1,019 | (156 | ) | (78 | ) | (18 | ) | 11,589 | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 4,864 | - | - | - | - | 4,864 | |||||||||||||||||||
Deferred | - | - | - | - | 288 | 288 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 4,864 | - | - | - | 288 | 5,152 | |||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 5,958 | 1,019 | (156 | ) | (78 | ) | (306 | ) | 6,437 | ||||||||||||||||
NET INCOME, attributable to non-controlling interests | 151 | - | - | - | - | 151 | |||||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 5,807 | $ | 1,019 | $ | (156 | ) | $ | (78 | ) | $ | (306 | ) | $ | 6,286 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.16 | $ | 0.03 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.17 | ||||||||||
Diluted | $ | 0.16 | $ | 0.03 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.17 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,450 | 37,450 | |||||||||||||||||||||||
Diluted | 37,450 | 37,450 | |||||||||||||||||||||||
Three Months Ended December 31, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 28,890 | $ | - | $ | - | $ | - | $ | (100 | ) | $ | 28,790 | ||||||||||||
Multi-client Data Library Pre-commitments | 20,828 | - | - | - | (285 | ) | 20,543 | ||||||||||||||||||
Multi-client Data Library Late Sales | 5,569 | - | - | - | - | 5,569 | |||||||||||||||||||
TOTAL REVENUES | 55,287 | - | - | - | (385 | ) | 54,902 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 25,177 | - | 693 | - | 919 | 26,789 | |||||||||||||||||||
Multi-client Data Library Amortization | 17,726 | - | - | - | (251 | ) | 17,475 | ||||||||||||||||||
Depreciation and Other Amortization | 9,733 | - | - | 50 | 16 | 9,799 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 52,636 | - | 693 | 50 | 684 | 54,063 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 18,256 | - | - | - | (1,301 | ) | 16,955 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (3,594 | ) | - | - | - | - | (3,594 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (12,011 | ) | - | (693 | ) | (50 | ) | 232 | (12,522 | ) | |||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,322 | ) | - | - | (20 | ) | - | (8,342 | ) | ||||||||||||||||
Foreign exchange loss | (433 | ) | - | - | - | - | (433 | ) | |||||||||||||||||
Other expense | (102 | ) | - | - | - | - | (102 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,857 | ) | - | - | (20 | ) | - | (8,877 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (20,868 | ) | - | (693 | ) | (70 | ) | 232 | (21,399 | ) | |||||||||||||||
INCOME TAX EXPENSE | |||||||||||||||||||||||||
Current | (4,171 | ) | - | - | - | 1,052 | (3,119 | ) | |||||||||||||||||
Deferred | 12,280 | - | - | - | (154 | ) | 12,126 | ||||||||||||||||||
TOTAL INCOME TAX EXPENSE | 8,109 | - | - | - | 898 | 9,007 | |||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (28,977 | ) | - | (693 | ) | (70 | ) | (666 | ) | (30,406 | ) | ||||||||||||||
NET LOSS, attributable to non-controlling interests | (363 | ) | - | - | - | 170 | (193 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (28,614 | ) | $ | - | $ | (693 | ) | $ | (70 | ) | $ | (836 | ) | $ | (30,213 | ) | ||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.76 | ) | $ | - | $ | (0.02 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.81 | ) | ||||||||
Diluted | $ | (0.76 | ) | $ | - | $ | (0.02 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.81 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,516 | 37,516 | |||||||||||||||||||||||
Diluted | 37,516 | 37,516 | |||||||||||||||||||||||
Three Months Ended March 31, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 27,437 | $ | - | $ | - | $ | - | $ | 100 | $ | 27,537 | |||||||||||||
Multi-client Data Library Pre-commitments | 28,282 | - | - | - | 285 | 28,567 | |||||||||||||||||||
Multi-client Data Library Late Sales | 27,690 | - | - | - | - | 27,690 | |||||||||||||||||||
TOTAL REVENUES | 83,409 | - | - | - | 385 | 83,794 | |||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 20,221 | (2 | ) | (420 | ) | - | 1,745 | 21,544 | |||||||||||||||||
Multi-client Data Library Amortization | 34,562 | - | - | - | 251 | 34,813 | |||||||||||||||||||
Depreciation and Other Amortization | 7,231 | - | - | 50 | (8 | ) | 7,273 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 62,014 | (2 | ) | (420 | ) | 50 | 1,988 | 63,630 | |||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | 12,992 | - | - | - | - | 12,992 | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 16,040 | - | - | - | (1,622 | ) | 14,418 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (2,636 | ) | - | - | - | - | (2,636 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (5,001 | ) | 2 | 420 | (50 | ) | 19 | (4,610 | ) | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,369 | ) | - | - | (20 | ) | - | (8,389 | ) | ||||||||||||||||
Foreign exchange loss | 176 | - | - | - | - | 176 | |||||||||||||||||||
Other expense | (43 | ) | - | - | - | - | (43 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,236 | ) | - | - | (20 | ) | - | (8,256 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (13,237 | ) | 2 | 420 | (70 | ) | 19 | (12,866 | ) | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (1,570 | ) | - | - | - | - | (1,570 | ) | |||||||||||||||||
Deferred | - | - | - | - | 85 | 85 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (1,570 | ) | - | - | - | 85 | (1,485 | ) | |||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (11,667 | ) | 2 | 420 | (70 | ) | (66 | ) | (11,381 | ) | |||||||||||||||
NET LOSS, attributable to non-controlling interests | (125 | ) | - | - | - | (170 | ) | (295 | ) | ||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (11,542 | ) | $ | 2 | $ | 420 | $ | (70 | ) | $ | 104 | $ | (11,086 | ) | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.31 | ) | $ | 0 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.29 | ) | |||||||||
Diluted | $ | (0.31 | ) | $ | 0 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.29 | ) | |||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,756 | 37,756 | |||||||||||||||||||||||
Diluted | 37,756 | 37,756 | |||||||||||||||||||||||
Three Months Ended June 30, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 26,774 | $ | (651 | ) | $ | - | $ | - | $ | - | $ | 26,123 | ||||||||||||
Multi-client Data Library Pre-commitments | 14,098 | - | - | - | - | 14,098 | |||||||||||||||||||
Multi-client Data Library Late Sales | 22,480 | - | - | - | - | 22,480 | |||||||||||||||||||
TOTAL REVENUES | 63,352 | (651 | ) | - | - | - | 62,701 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 22,676 | (1,462 | ) | 162 | - | 1,575 | 22,951 | ||||||||||||||||||
Multi-client Data Library Amortization | 24,454 | - | - | - | - | 24,454 | |||||||||||||||||||
Depreciation and Other Amortization | 8,457 | - | - | 48 | (26 | ) | 8,479 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 55,587 | (1,462 | ) | 162 | 48 | 1,549 | 55,884 | ||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 5,932 | - | - | - | - | 5,932 | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 14,677 | - | - | - | (1,521 | ) | 13,156 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (289 | ) | - | - | - | - | (289 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (12,555 | ) | 811 | (162 | ) | (48 | ) | (28 | ) | (11,982 | ) | ||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,430 | ) | - | - | (20 | ) | - | (8,450 | ) | ||||||||||||||||
Foreign exchange loss | (133 | ) | - | - | - | - | (133 | ) | |||||||||||||||||
Other expense | (185 | ) | - | - | - | - | (185 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,748 | ) | - | - | (20 | ) | - | (8,768 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (21,303 | ) | 811 | (162 | ) | (68 | ) | (28 | ) | (20,750 | ) | ||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (5,402 | ) | - | - | - | - | (5,402 | ) | |||||||||||||||||
Deferred | - | - | - | - | 134 | 134 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (5,402 | ) | - | - | - | 134 | (5,268 | ) | |||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (15,901 | ) | 811 | (162 | ) | (68 | ) | (162 | ) | (15,482 | ) | ||||||||||||||
NET LOSS, attributable to non-controlling interests | (115 | ) | - | - | - | - | (115 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (15,786 | ) | $ | 811 | $ | (162 | ) | $ | (68 | ) | $ | (162 | ) | $ | (15,367 | ) | ||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.42 | ) | $ | 0.02 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.41 | ) | ||||||||
Diluted | $ | (0.42 | ) | $ | 0.02 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.41 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,985 | 37,985 | |||||||||||||||||||||||
Diluted | 37,985 | 37,985 | |||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 41,407 | $ | (5,008 | ) | $ | - | $ | - | $ | - | $ | 36,399 | ||||||||||||
Multi-client Data Library Pre-commitments | 14,481 | - | - | - | - | 14,481 | |||||||||||||||||||
Multi-client Data Library Late Sales | 14,145 | - | - | - | - | 14,145 | |||||||||||||||||||
TOTAL REVENUES | 70,033 | (5,008 | ) | - | - | - | 65,025 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 38,750 | (3,789 | ) | 122 | - | 186 | 35,269 | ||||||||||||||||||
Multi-client Data Library Amortization | 23,166 | - | - | - | - | 23,166 | |||||||||||||||||||
Depreciation and Other Amortization | 9,233 | - | - | 44 | (393 | ) | 8,884 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 71,149 | (3,789 | ) | 122 | 44 | (207 | ) | 67,319 | |||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | 1,039 | - | - | - | - | 1,039 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 5,173 | - | - | - | - | 5,173 | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 11,460 | - | - | - | 708 | 12,168 | |||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (3,455 | ) | - | - | - | (1,257 | ) | (4,712 | ) | ||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (15,333 | ) | (1,219 | ) | (122 | ) | (44 | ) | 756 | (15,962 | ) | ||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,884 | ) | - | - | (20 | ) | - | (8,904 | ) | ||||||||||||||||
Foreign exchange loss | (310 | ) | - | - | - | - | (310 | ) | |||||||||||||||||
Other expense | (122 | ) | - | - | - | - | (122 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (9,316 | ) | - | - | (20 | ) | - | (9,336 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (24,649 | ) | (1,219 | ) | (122 | ) | (64 | ) | 756 | (25,298 | ) | ||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (548 | ) | - | - | - | - | (548 | ) | |||||||||||||||||
Deferred | - | - | - | - | 3,595 | 3,595 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (548 | ) | - | - | - | 3,595 | 3,047 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (24,101 | ) | (1,219 | ) | (122 | ) | (64 | ) | (2,839 | ) | (28,345 | ) | |||||||||||||
NET INCOME, attributable to non-controlling interests | 98 | - | - | - | - | 98 | |||||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (24,199 | ) | $ | (1,219 | ) | $ | (122 | ) | $ | (64 | ) | $ | (2,839 | ) | $ | (28,443 | ) | |||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.64 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.07 | ) | $ | (0.75 | ) | |||||||
Diluted | $ | (0.64 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.07 | ) | $ | (0.75 | ) | |||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 38,087 | 38,087 | |||||||||||||||||||||||
Diluted | 38,087 | 38,087 | |||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 61,104 | |||||||||||||||||||||||
Multi-client Data Library Pre-commitments | 2,621 | ||||||||||||||||||||||||
Multi-client Data Library Late Sales | 13,414 | ||||||||||||||||||||||||
TOTAL REVENUES | 77,139 | ||||||||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 49,424 | ||||||||||||||||||||||||
Multi-client Data Library Amortization | 17,446 | ||||||||||||||||||||||||
Depreciation and Other Amortization | 7,954 | ||||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 74,824 | ||||||||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | 75,230 | ||||||||||||||||||||||||
GOODWILL IMPAIRMENT | 375 | ||||||||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 3,679 | ||||||||||||||||||||||||
SELLING GENERAL AND ADMINISTRATIVE EXPENSES | 11,668 | ||||||||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (987 | ) | |||||||||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (87,650 | ) | |||||||||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (10,103 | ) | |||||||||||||||||||||||
Foreign exchange loss | (172 | ) | |||||||||||||||||||||||
Other expense | (346 | ) | |||||||||||||||||||||||
TOTAL OTHER EXPENSE | (10,621 | ) | |||||||||||||||||||||||
LOSS BEFORE INCOME TAXES | (98,271 | ) | |||||||||||||||||||||||
INCOME TAX EXPENSE | |||||||||||||||||||||||||
Current | (1,507 | ) | |||||||||||||||||||||||
Deferred | 1,855 | ||||||||||||||||||||||||
TOTAL INCOME TAX EXPENSE | 348 | ||||||||||||||||||||||||
LOSS AFTER INCOME TAXES | (98,619 | ) | |||||||||||||||||||||||
NET INCOME (LOSS), attributable to non-controlling interests | — | ||||||||||||||||||||||||
NET LOSS, attributable to common stockholders | $ | (98,619 | ) | ||||||||||||||||||||||
LOSS PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (2.58 | ) | ||||||||||||||||||||||
Diluted | $ | (2.58 | ) | ||||||||||||||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 38,253 | ||||||||||||||||||||||||
Diluted | 38,253 | ||||||||||||||||||||||||
Statement of Financial Position [Member] | ' | ||||||||||||||||||||||||
Note 21 - Restatement of Consolidated Financial Statements (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | ' | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 23,359 | $ | - | $ | - | $ | - | $ | - | $ | 23,359 | |||||||||||||
Restricted cash investments | 1,830 | - | - | - | - | 1,830 | |||||||||||||||||||
Accounts receivable, net | 51,766 | - | - | - | (385 | ) | 51,381 | ||||||||||||||||||
Inventory | 11,864 | - | - | - | - | 11,864 | |||||||||||||||||||
Income and other taxes receivable | 1,472 | - | - | - | - | 1,472 | |||||||||||||||||||
Mobilization costs, net | 998 | (104 | ) | - | - | - | 894 | ||||||||||||||||||
Current deferred tax asset | 12,673 | - | - | - | - | 12,673 | |||||||||||||||||||
Prepaid expenses and other current assets | 7,809 | - | - | - | - | 7,809 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 111,771 | (104 | ) | - | - | (385 | ) | 111,282 | |||||||||||||||||
MULTI-CLIENT LIBRARY, net | 309,067 | - | - | - | 103 | 309,170 | |||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 100,172 | - | (5,058 | ) | 309 | (54 | ) | 95,369 | |||||||||||||||||
GOODWILL IMPAIRMENT | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 13,083 | - | - | - | - | 13,083 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,689 | - | - | - | - | 5,689 | |||||||||||||||||||
OTHER ASSETS | 712 | - | - | - | - | 712 | |||||||||||||||||||
TOTAL ASSETS | $ | 552,875 | $ | (104 | ) | $ | (5,058 | ) | $ | 309 | $ | (336 | ) | $ | 547,686 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 42,597 | $ | - | $ | - | $ | 2,254 | $ | (1 | ) | $ | 44,850 | ||||||||||||
Current portion of long-term debt | 22,970 | - | - | - | - | 22,970 | |||||||||||||||||||
Current portion of capital lease obligations | 5,639 | - | - | - | - | 5,639 | |||||||||||||||||||
Income and other taxes payable | 3,563 | - | - | - | 1,472 | 5,035 | |||||||||||||||||||
Deferred revenue | 22,498 | - | - | - | - | 22,498 | |||||||||||||||||||
Other payables | 3,059 | - | - | - | - | 3,059 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 100,326 | - | - | 2,254 | 1,471 | 104,051 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 27,073 | - | - | - | (5,333 | ) | 21,740 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 311,250 | - | - | - | - | 311,250 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 4,176 | - | - | - | - | 4,176 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 997 | - | - | - | 170 | 1,167 | |||||||||||||||||||
OTHER LIABILITIES | 1,505 | - | - | - | (425 | ) | 1,080 | ||||||||||||||||||
TOTAL LIABILITIES | 445,327 | - | - | 2,254 | (4,117 | ) | 443,464 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 476 | - | - | - | - | 476 | |||||||||||||||||||
Additional paid-in capital | 253,415 | - | - | - | - | 253,415 | |||||||||||||||||||
Accumulated deficit | (49,815 | ) | (104 | ) | (5,058 | ) | (1,945 | ) | 3,781 | (53,141 | ) | ||||||||||||||
204,076 | (104 | ) | (5,058 | ) | (1,945 | ) | 3,781 | 200,750 | |||||||||||||||||
Less: treasury stock | 96,528 | - | - | - | - | 96,528 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 107,548 | (104 | ) | (5,058 | ) | (1,945 | ) | 3,781 | 104,222 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 552,875 | $ | (104 | ) | $ | (5,058 | ) | $ | 309 | $ | (336 | ) | $ | 547,686 | ||||||||||
Statement of Operations [Member] | ' | ||||||||||||||||||||||||
Note 21 - Restatement of Consolidated Financial Statements (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | ' | ||||||||||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 182,476 | $ | 1,138 | $ | - | $ | - | $ | (101 | ) | $ | 183,513 | ||||||||||||
Multi-client Data Library Pre-commitments | 111,680 | - | - | - | (592 | ) | 111,088 | ||||||||||||||||||
Multi-client Data Library Late Sales | 44,828 | - | - | - | - | 44,828 | |||||||||||||||||||
TOTAL REVENUES | 338,984 | 1,138 | - | - | (693 | ) | 339,429 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 123,537 | 516 | 1,491 | - | 5,495 | 131,039 | |||||||||||||||||||
Multi-client Data Library Amortization | 103,266 | - | - | - | (385 | ) | 102,881 | ||||||||||||||||||
Depreciation and Other Amortization | 28,686 | - | - | 234 | 25 | 28,945 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 255,489 | 516 | 1,491 | 234 | 5,135 | 262,865 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 56,750 | - | - | - | (5,404 | ) | 51,346 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (15,706 | ) | - | - | - | - | (15,706 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 42,451 | 622 | (1,491 | ) | (234 | ) | (424 | ) | 40,924 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (31,666 | ) | - | - | (84 | ) | - | (31,750 | ) | ||||||||||||||||
Foreign exchange loss | (1,688 | ) | - | - | - | - | (1,688 | ) | |||||||||||||||||
Other expense | (2,472 | ) | - | - | - | 1 | (2,471 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (35,826 | ) | - | - | (84 | ) | 1 | (35,909 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 6,625 | 622 | (1,491 | ) | (318 | ) | (423 | ) | 5,015 | ||||||||||||||||
INCOME TAX EXPENSE | |||||||||||||||||||||||||
Current | 8,148 | - | - | - | 1,052 | 9,200 | |||||||||||||||||||
Deferred | 12,280 | - | - | - | (577 | ) | 11,703 | ||||||||||||||||||
TOTAL INCOME TAX EXPENSE | 20,428 | - | - | - | 475 | 20,903 | |||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (13,803 | ) | 622 | (1,491 | ) | (318 | ) | (898 | ) | (15,888 | ) | ||||||||||||||
NET INCOME (LOSS), attributable to non-controlling interests | (472 | ) | - | - | - | 170 | (302 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (13,331 | ) | $ | 622 | $ | (1,491 | ) | $ | (318 | ) | $ | (1,068 | ) | $ | (15,586 | ) | ||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.36 | ) | $ | 0.02 | $ | (0.04 | ) | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.42 | ) | ||||||||
Diluted | $ | (0.36 | ) | $ | 0.02 | $ | (0.04 | ) | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.42 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,319 | 37,319 | |||||||||||||||||||||||
Diluted | 37,319 | 37,319 | |||||||||||||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 207,921 | $ | (853 | ) | $ | - | $ | - | $ | - | $ | 207,068 | ||||||||||||
Multi-client Data Library Pre-commitments | 127,136 | - | - | - | 307 | 127,443 | |||||||||||||||||||
Multi-client Data Library Late Sales | 50,298 | - | - | - | - | 50,298 | |||||||||||||||||||
TOTAL REVENUES | 385,355 | (853 | ) | - | - | 307 | 384,809 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 155,728 | (399 | ) | 974 | 307 | 2,278 | 158,888 | ||||||||||||||||||
Multi-client Data Library Amortization | 112,668 | - | - | - | 134 | 112,802 | |||||||||||||||||||
Depreciation and Other Amortization | 27,152 | - | - | 322 | 4 | 27,478 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 295,548 | (399 | ) | 974 | 629 | 2,416 | 299,168 | ||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 46,582 | - | - | - | (2,620 | ) | 43,962 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (1,683 | ) | - | - | - | - | (1,683 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 44,908 | (454 | ) | (974 | ) | (629 | ) | 511 | 43,362 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (25,259 | ) | - | - | (70 | ) | - | (25,329 | ) | ||||||||||||||||
Foreign exchange loss | (311 | ) | - | - | - | - | (311 | ) | |||||||||||||||||
Other expense | (218 | ) | - | - | - | - | (218 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (25,788 | ) | - | - | (70 | ) | - | (25,858 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 19,120 | (454 | ) | (974 | ) | (699 | ) | 511 | 17,504 | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 9,329 | - | - | - | (309 | ) | 9,020 | ||||||||||||||||||
Deferred | 4,151 | - | - | - | (578 | ) | 3,573 | ||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 13,480 | - | - | - | (887 | ) | 12,593 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 5,640 | (454 | ) | (974 | ) | (699 | ) | 1,398 | 4,911 | ||||||||||||||||
NET INCOME (LOSS), attributable to non-controlling interests | (22 | ) | - | - | - | - | (22 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 5,662 | $ | (454 | ) | $ | (974 | ) | $ | (699 | ) | $ | 1,398 | $ | 4,933 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.15 | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.02 | ) | $ | 0.04 | $ | 0.13 | ||||||||||
Diluted | $ | 0.15 | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.02 | ) | $ | 0.04 | $ | 0.13 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 36,666 | 36,666 | |||||||||||||||||||||||
Diluted | 36,666 | 36,666 |
Note_22_Unaudited_Quarterly_Fi1
Note 22 - Unaudited Quarterly Financial Data (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Condensed Balance Sheet [Table Text Block] | ' | ||||||||||||||||||||||||
31-Mar-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 26,988 | $ | - | $ | - | $ | - | $ | - | $ | 26,988 | |||||||||||||
Restricted cash investments | 2,821 | - | - | - | - | 2,821 | |||||||||||||||||||
Accounts receivable, net | 81,254 | - | - | - | - | 81,254 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 6,197 | - | - | - | - | 6,197 | |||||||||||||||||||
Mobilization costs, net | 3,539 | 362 | - | - | - | 3,901 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 595 | - | - | - | - | 595 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 121,394 | 362 | - | - | - | 121,756 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 253,728 | - | - | - | (102 | ) | 253,626 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 113,456 | - | (3,601 | ) | 475 | (6 | ) | 110,324 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 14,714 | - | - | - | - | 14,714 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 6,068 | - | - | - | - | 6,068 | |||||||||||||||||||
OTHER ASSETS | 1,856 | - | - | - | - | 1,856 | |||||||||||||||||||
TOTAL ASSETS | $ | 523,597 | $ | 362 | $ | (3,601 | ) | $ | 475 | $ | (108 | ) | $ | 520,725 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 53,946 | $ | - | $ | - | $ | 2,195 | $ | - | $ | 56,141 | |||||||||||||
Current portion of long-term debt | 14,357 | - | - | - | - | 14,357 | |||||||||||||||||||
Current portion of capital lease obligations | 6,682 | - | - | - | - | 6,682 | |||||||||||||||||||
Income and other taxes payable | 2,551 | - | - | - | 420 | 2,971 | |||||||||||||||||||
Deferred revenue | 43,711 | 740 | - | - | - | 44,451 | |||||||||||||||||||
Other payables | 3,749 | - | - | - | - | 3,749 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 124,996 | 740 | - | 2,195 | 420 | 128,351 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 6,122 | - | - | - | (4,913 | ) | 1,209 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 266,908 | - | - | - | - | 266,908 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 1,411 | - | - | - | - | 1,411 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,259 | - | - | - | - | 1,259 | |||||||||||||||||||
OTHER LIABILITIES | 750 | - | - | - | - | 750 | |||||||||||||||||||
TOTAL LIABILITIES | 401,446 | 740 | - | 2,195 | (4,493 | ) | 399,888 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 468 | - | - | - | - | 468 | |||||||||||||||||||
Additional paid-in capital | 247,763 | - | - | - | - | 247,763 | |||||||||||||||||||
Accumulated deficit | (29,554 | ) | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | (30,868 | ) | ||||||||||||||
218,677 | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | 217,363 | |||||||||||||||||
Less: treasury stock | 96,526 | - | - | - | - | 96,526 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 122,151 | (378 | ) | (3,601 | ) | (1,720 | ) | 4,385 | 120,837 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 523,597 | $ | 362 | $ | (3,601 | ) | $ | 475 | $ | (108 | ) | $ | 520,725 | |||||||||||
30-Jun-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Sales Tax | Other | Restated | ||||||||||||||||||||||
Revenue | Research & | ||||||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 23,940 | $ | - | $ | - | $ | - | $ | - | $ | 23,940 | |||||||||||||
Restricted cash investments | 2,821 | - | - | - | - | 2,821 | |||||||||||||||||||
Accounts receivable, net | 76,869 | - | - | - | - | 76,869 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 3,385 | - | - | - | - | 3,385 | |||||||||||||||||||
Mobilization costs, net | 517 | 7,609 | - | - | - | 8,126 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 7,070 | - | - | - | - | 7,070 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 114,602 | 7,609 | - | - | - | 122,211 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 272,790 | - | - | - | (114 | ) | 272,676 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 116,512 | - | (4,209 | ) | 417 | (10 | ) | 112,710 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 14,248 | - | - | - | - | 14,248 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,839 | - | - | - | - | 5,839 | |||||||||||||||||||
OTHER ASSETS | 1,997 | - | - | - | 3 | 2,000 | |||||||||||||||||||
TOTAL ASSETS | $ | 538,369 | $ | 7,609 | $ | (4,209 | ) | $ | 417 | $ | (121 | ) | $ | 542,065 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 41,306 | $ | - | $ | - | $ | 2,214 | $ | - | $ | 43,520 | |||||||||||||
Current portion of long-term debt | 13,896 | - | - | - | - | 13,896 | |||||||||||||||||||
Current portion of capital lease obligations | 6,300 | - | - | - | - | 6,300 | |||||||||||||||||||
Income and other taxes payable | 3,020 | - | - | - | 420 | 3,440 | |||||||||||||||||||
Deferred revenue | 38,601 | 8,731 | - | - | - | 47,332 | |||||||||||||||||||
Other payables | 4,069 | - | - | - | - | 4,069 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 107,192 | 8,731 | - | 2,214 | 420 | 118,557 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 5,465 | - | - | - | (5,464 | ) | 1 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 296,201 | - | - | - | - | 296,201 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 1,106 | - | - | - | - | 1,106 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,209 | - | - | - | - | 1,209 | |||||||||||||||||||
OTHER LIABILITIES | 750 | - | - | - | - | 750 | |||||||||||||||||||
TOTAL LIABILITIES | 411,923 | 8,731 | - | 2,214 | (5,044 | ) | 417,824 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 471 | - | - | - | - | 471 | |||||||||||||||||||
Additional paid-in capital | 249,509 | - | - | - | - | 249,509 | |||||||||||||||||||
Accumulated deficit | (27,008 | ) | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | (29,213 | ) | ||||||||||||||
222,972 | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | 220,767 | |||||||||||||||||
Less: treasury stock | 96,526 | - | - | - | - | 96,526 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 126,446 | (1,122 | ) | (4,209 | ) | (1,797 | ) | 4,923 | 124,241 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 538,369 | $ | 7,609 | $ | (4,209 | ) | $ | 417 | $ | (121 | ) | $ | 542,065 | |||||||||||
30-Sep-12 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 23,569 | $ | - | $ | - | $ | - | $ | - | $ | 23,569 | |||||||||||||
Restricted cash investments | 2,318 | - | - | - | - | 2,318 | |||||||||||||||||||
Accounts receivable, net | 77,060 | - | - | - | - | 77,060 | |||||||||||||||||||
Inventory | 11,229 | - | - | - | - | 11,229 | |||||||||||||||||||
Income and other taxes receivable | 1,827 | - | - | - | - | 1,827 | |||||||||||||||||||
Mobilization costs, net | 1,428 | (104 | ) | - | - | - | 1,324 | ||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 9,355 | - | - | - | - | 9,355 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 126,786 | (104 | ) | - | - | - | 126,682 | ||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 288,793 | - | - | - | (114 | ) | 288,679 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 108,155 | - | (4,365 | ) | 359 | (29 | ) | 104,120 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 13,726 | - | - | - | - | 13,726 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,986 | - | - | - | - | 5,986 | |||||||||||||||||||
OTHER ASSETS | 570 | - | - | - | - | 570 | |||||||||||||||||||
TOTAL ASSETS | $ | 556,397 | $ | (104 | ) | $ | (4,365 | ) | $ | 359 | $ | (143 | ) | $ | 552,144 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 50,276 | $ | - | $ | - | $ | 2,234 | $ | - | $ | 52,510 | |||||||||||||
Current portion of long-term debt | 15,004 | - | - | - | - | 15,004 | |||||||||||||||||||
Current portion of capital lease obligations | 5,145 | - | - | - | - | 5,145 | |||||||||||||||||||
Income and other taxes payable | 3,144 | - | - | - | 420 | 3,564 | |||||||||||||||||||
Deferred revenue | 22,848 | - | - | - | - | 22,848 | |||||||||||||||||||
Other payables | 4,426 | - | - | - | - | 4,426 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 100,843 | - | - | 2,234 | 420 | 103,497 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 7,862 | - | - | - | (5,180 | ) | 2,682 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 310,941 | - | - | - | - | 310,941 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 883 | - | - | - | - | 883 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 1,360 | - | - | - | - | 1,360 | |||||||||||||||||||
OTHER LIABILITIES | - | - | - | - | - | - | |||||||||||||||||||
TOTAL LIABILITIES | 421,889 | - | - | 2,234 | (4,760 | ) | 419,363 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 473 | - | - | - | - | 473 | |||||||||||||||||||
Additional paid-in capital | 251,763 | - | - | - | - | 251,763 | |||||||||||||||||||
Accumulated deficit | (21,201 | ) | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | (22,928 | ) | ||||||||||||||
231,035 | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | 229,308 | |||||||||||||||||
Less: treasury stock | 96,527 | - | - | - | - | 96,527 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 134,508 | (104 | ) | (4,365 | ) | (1,875 | ) | 4,617 | 132,781 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 556,397 | $ | (104 | ) | $ | (4,365 | ) | $ | 359 | $ | (143 | ) | $ | 552,144 | ||||||||||
31-Mar-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 32,332 | $ | - | $ | - | $ | - | $ | - | $ | 32,332 | |||||||||||||
Restricted cash investments | 1,650 | - | - | - | - | 1,650 | |||||||||||||||||||
Accounts receivable, net | 47,422 | - | - | - | - | 47,422 | |||||||||||||||||||
Inventory | 11,219 | - | - | - | - | 11,219 | |||||||||||||||||||
Income and other taxes receivable | 1,472 | - | - | - | - | 1,472 | |||||||||||||||||||
Mobilization costs, net | 4,481 | (102 | ) | - | - | - | 4,379 | ||||||||||||||||||
Current deferred tax asset | 12,673 | - | - | - | - | 12,673 | |||||||||||||||||||
Prepaid expenses and other current assets | 6,189 | - | - | - | - | 6,189 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 117,438 | (102 | ) | - | - | - | 117,336 | ||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 291,197 | - | - | - | (190 | ) | 291,007 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 94,093 | - | (4,638 | ) | 259 | (125 | ) | 89,589 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 12,369 | - | - | - | - | 12,369 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,385 | - | - | - | - | 5,385 | |||||||||||||||||||
OTHER ASSETS | 678 | - | - | - | - | 678 | |||||||||||||||||||
TOTAL ASSETS | $ | 533,541 | $ | (102 | ) | $ | (4,638 | ) | $ | 259 | $ | (315 | ) | $ | 528,745 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 48,400 | $ | - | $ | - | $ | 2,274 | $ | - | $ | 50,674 | |||||||||||||
Current portion of long-term debt | 17,198 | - | - | - | - | 17,198 | |||||||||||||||||||
Current portion of capital lease obligations | 4,449 | - | - | - | - | 4,449 | |||||||||||||||||||
Income and other taxes payable | 2,280 | - | - | - | 1,472 | 3,752 | |||||||||||||||||||
Deferred revenue | 20,100 | - | - | - | - | 20,100 | |||||||||||||||||||
Other payables | 1,814 | - | - | - | - | 1,814 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 94,241 | - | - | 2,274 | 1,472 | 97,987 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 24,521 | - | - | - | (5,248 | ) | 19,273 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 311,366 | - | - | - | - | 311,366 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 3,402 | - | - | - | - | 3,402 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 873 | - | - | - | - | 873 | |||||||||||||||||||
OTHER LIABILITIES | 981 | - | - | - | (425 | ) | 556 | ||||||||||||||||||
TOTAL LIABILITIES | 435,384 | - | - | 2,274 | (4,201 | ) | 433,457 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 481 | - | - | - | - | 481 | |||||||||||||||||||
Additional paid-in capital | 255,563 | - | - | - | - | 255,563 | |||||||||||||||||||
Accumulated deficit | (61,357 | ) | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | (64,226 | ) | ||||||||||||||
194,687 | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | 191,818 | |||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 98,157 | (102 | ) | (4,638 | ) | (2,015 | ) | 3,886 | 95,288 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 533,541 | $ | (102 | ) | $ | (4,638 | ) | $ | 259 | $ | (315 | ) | $ | 528,745 | ||||||||||
30-Jun-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 10,681 | $ | - | $ | - | $ | - | $ | - | $ | 10,681 | |||||||||||||
Restricted cash investments | 1,440 | - | - | - | - | 1,440 | |||||||||||||||||||
Accounts receivable, net | 43,153 | - | - | - | - | 43,153 | |||||||||||||||||||
Inventory | 5,025 | - | - | - | - | 5,025 | |||||||||||||||||||
Income and other taxes receivable | 815 | - | - | - | - | 815 | |||||||||||||||||||
Mobilization costs, net | 4,830 | 1,360 | - | - | - | 6,190 | |||||||||||||||||||
Current deferred tax asset | 12,673 | - | - | - | - | 12,673 | |||||||||||||||||||
Prepaid expenses and other current assets | 11,141 | - | - | - | - | 11,141 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 89,758 | 1,360 | - | - | - | 91,118 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 291,005 | - | - | - | (129 | ) | 290,876 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 91,502 | - | (4,800 | ) | 211 | (214 | ) | 86,699 | |||||||||||||||||
GOODWILL | 12,381 | - | - | - | - | 12,381 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 11,745 | - | - | - | - | 11,745 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 5,224 | - | - | - | - | 5,224 | |||||||||||||||||||
OTHER ASSETS | 837 | - | - | - | - | 837 | |||||||||||||||||||
TOTAL ASSETS | $ | 502,452 | $ | 1,360 | $ | (4,800 | ) | $ | 211 | $ | (343 | ) | $ | 498,880 | |||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 37,609 | $ | - | $ | - | $ | 2,294 | $ | - | $ | 39,903 | |||||||||||||
Current portion of long-term debt | 92,431 | - | - | - | - | 92,431 | |||||||||||||||||||
Current portion of capital lease obligations | 4,410 | - | - | - | - | 4,410 | |||||||||||||||||||
Income and other taxes payable | 2,491 | - | - | - | 1,472 | 3,963 | |||||||||||||||||||
Deferred revenue | 13,111 | 651 | - | - | - | 13,762 | |||||||||||||||||||
Other payables | 1,666 | - | - | - | - | 1,666 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 151,718 | 651 | - | 2,294 | 1,472 | 156,135 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 17,396 | - | - | - | (5,115 | ) | 12,281 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 244,191 | - | - | - | - | 244,191 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 3,494 | - | - | - | - | 3,494 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 758 | - | - | - | - | 758 | |||||||||||||||||||
OTHER LIABILITIES | 958 | - | - | - | (425 | ) | 533 | ||||||||||||||||||
TOTAL LIABILITIES | 418,515 | 651 | - | 2,294 | (4,068 | ) | 417,392 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 482 | - | - | - | - | 482 | |||||||||||||||||||
Additional paid-in capital | 257,128 | - | - | - | - | 257,128 | |||||||||||||||||||
Accumulated deficit | (77,143 | ) | 709 | (4,800 | ) | (2,083 | ) | 3,725 | (79,592 | ) | |||||||||||||||
180,467 | 709 | (4,800 | ) | (2,083 | ) | 3,725 | 178,018 | ||||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 83,937 | 709 | (4,800 | ) | (2,083 | ) | 3,725 | 81,488 | |||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 502,452 | $ | 1,360 | $ | (4,800 | ) | $ | 211 | $ | (343 | ) | $ | 498,880 | |||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 16,774 | $ | - | $ | - | $ | - | $ | - | $ | 16,774 | |||||||||||||
Restricted cash investments | 985 | - | - | - | - | 985 | |||||||||||||||||||
Accounts receivable, net | 40,162 | - | - | - | - | 40,162 | |||||||||||||||||||
Inventory | - | - | - | - | - | - | |||||||||||||||||||
Income and other taxes receivable | 386 | - | - | - | - | 386 | |||||||||||||||||||
Mobilization costs, net | 6,139 | 5,149 | - | - | - | 11,288 | |||||||||||||||||||
Current deferred tax asset | - | - | - | - | - | - | |||||||||||||||||||
Prepaid expenses and other current assets | 3,184 | - | - | - | - | 3,184 | |||||||||||||||||||
TOTAL CURRENT ASSETS | 67,630 | 5,149 | - | - | - | 72,779 | |||||||||||||||||||
MULTI-CLIENT LIBRARY, net | 279,183 | - | - | - | (151 | ) | 279,032 | ||||||||||||||||||
PROPERTY AND EQUIPMENT, net | 89,614 | - | (4,922 | ) | 167 | 1,268 | 86,127 | ||||||||||||||||||
GOODWILL | 11,342 | - | - | - | - | 11,342 | |||||||||||||||||||
INTANGIBLE ASSETS, net | 10,859 | - | - | - | - | 10,859 | |||||||||||||||||||
DEBT ISSUANCE COSTS, net | 9,405 | - | - | - | - | 9,405 | |||||||||||||||||||
OTHER ASSETS | 630 | - | - | - | - | 630 | |||||||||||||||||||
TOTAL ASSETS | $ | 468,663 | $ | 5,149 | $ | (4,922 | ) | $ | 167 | $ | 1,117 | $ | 470,174 | ||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 43,779 | $ | - | $ | - | $ | 2,314 | $ | - | $ | 46,093 | |||||||||||||
Current portion of long-term debt | 10,252 | - | - | - | - | 10,252 | |||||||||||||||||||
Current portion of capital lease obligations | 3,990 | - | - | - | - | 3,990 | |||||||||||||||||||
Income and other taxes payable | 2,436 | - | - | - | 1,472 | 3,908 | |||||||||||||||||||
Deferred revenue | 10,364 | 5,659 | - | - | - | 16,023 | |||||||||||||||||||
Other payables | 1,465 | - | - | - | - | 1,465 | |||||||||||||||||||
TOTAL CURRENT LIABILITIES | 72,286 | 5,659 | - | 2,314 | 1,472 | 81,731 | |||||||||||||||||||
DEFERRED INCOME TAXES, net | 3,005 | - | - | - | (1,520 | ) | 1,485 | ||||||||||||||||||
LONG-TERM DEBT, net of current portion and unamortized discount | 327,325 | - | - | - | - | 327,325 | |||||||||||||||||||
CAPITAL LEASE OBLIGATIONS, net of current portion | 2,849 | - | - | - | - | 2,849 | |||||||||||||||||||
NON-CONTROLLING INTERESTS | 856 | - | - | - | - | 856 | |||||||||||||||||||
OTHER LIABILITIES | 970 | - | - | - | (425 | ) | 545 | ||||||||||||||||||
TOTAL LIABILITIES | 407,291 | 5,659 | - | 2,314 | (473 | ) | 414,791 | ||||||||||||||||||
COMMITMENT AND CONTINGENCIES | |||||||||||||||||||||||||
STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||||||||||||||||
Preferred Stock | - | - | - | - | - | - | |||||||||||||||||||
Common Stock | 483 | - | - | - | - | 483 | |||||||||||||||||||
Additional paid-in capital | 258,761 | - | - | - | 703 | 259,464 | |||||||||||||||||||
Accumulated deficit | (101,342 | ) | (510 | ) | (4,922 | ) | (2,147 | ) | 887 | (108,034 | ) | ||||||||||||||
157,902 | (510 | ) | (4,922 | ) | (2,147 | ) | 1,590 | 151,913 | |||||||||||||||||
Less: treasury stock | 96,530 | - | - | - | - | 96,530 | |||||||||||||||||||
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 61,372 | (510 | ) | (4,922 | ) | (2,147 | ) | 1,590 | 55,383 | ||||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 468,663 | $ | 5,149 | $ | (4,922 | ) | $ | 167 | $ | 1,117 | $ | 470,174 | ||||||||||||
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | ' | ||||||||||||||||||||||||
Three Months Ended March 31, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 64,835 | $ | 398 | $ | - | $ | - | $ | - | $ | 65,233 | |||||||||||||
Multi-client Data Library Pre-commitments | 16,575 | - | - | - | (307 | ) | 16,268 | ||||||||||||||||||
Multi-client Data Library Late Sales | 14,701 | - | - | - | - | 14,701 | |||||||||||||||||||
TOTAL REVENUES | 96,111 | 398 | - | - | (307 | ) | 96,202 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 40,797 | 50 | 34 | - | 1,778 | 42,659 | |||||||||||||||||||
Multi-client Data Library Amortization | 22,356 | - | - | - | (134 | ) | 22,222 | ||||||||||||||||||
Depreciation and Other Amortization | 6,964 | - | - | 69 | 2 | 7,035 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 70,117 | 50 | 34 | 69 | 1,646 | 71,916 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 15,541 | - | - | - | (1,333 | ) | 14,208 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (9,423 | ) | - | - | - | - | (9,423 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 19,876 | 348 | (34 | ) | (69 | ) | (620 | ) | 19,501 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (7,115 | ) | - | - | (24 | ) | - | (7,139 | ) | ||||||||||||||||
Foreign exchange loss | (110 | ) | - | - | - | - | (110 | ) | |||||||||||||||||
Other expense | (182 | ) | - | - | - | - | (182 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (7,407 | ) | - | - | (24 | ) | - | (7,431 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 12,469 | 348 | (34 | ) | (93 | ) | (620 | ) | 12,070 | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 5,749 | - | - | - | - | 5,749 | |||||||||||||||||||
Deferred | - | - | - | - | (156 | ) | (156 | ) | |||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 5,749 | - | - | - | (156 | ) | 5,593 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 6,720 | 348 | (34 | ) | (93 | ) | (464 | ) | 6,477 | ||||||||||||||||
NET LOSS, attributable to non-controlling interests | (210 | ) | - | - | - | - | (210 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 6,930 | $ | 348 | $ | (34 | ) | $ | (93 | ) | $ | (464 | ) | $ | 6,687 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.19 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.18 | ||||||||||
Diluted | $ | 0.19 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.18 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,039 | 37,039 | |||||||||||||||||||||||
Diluted | 37,039 | 37,039 | |||||||||||||||||||||||
Three Months Ended June 30, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 58,578 | $ | (7,991 | ) | $ | - | $ | - | $ | - | $ | 50,587 | ||||||||||||
Multi-client Data Library Pre-commitments | 25,801 | - | - | - | - | 25,801 | |||||||||||||||||||
Multi-client Data Library Late Sales | 12,993 | - | - | - | - | 12,993 | |||||||||||||||||||
TOTAL REVENUES | 97,372 | (7,991 | ) | - | - | - | 89,381 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 40,399 | (7,247 | ) | 608 | - | 1,327 | 35,087 | ||||||||||||||||||
Multi-client Data Library Amortization | 25,772 | - | - | - | - | 25,772 | |||||||||||||||||||
Depreciation and Other Amortization | 6,262 | - | - | 58 | 2 | 6,322 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 72,433 | (7,247 | ) | 608 | 58 | 1,329 | 67,181 | ||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 12,086 | - | - | - | (1,312 | ) | 10,774 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (458 | ) | - | - | - | - | (458 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 13,311 | (744 | ) | (608 | ) | (58 | ) | (17 | ) | 11,884 | |||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (7,934 | ) | - | - | (20 | ) | - | (7,954 | ) | ||||||||||||||||
Foreign exchange loss | (939 | ) | - | - | - | - | (939 | ) | |||||||||||||||||
Other expense | (236 | ) | - | - | - | - | (236 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (9,109 | ) | - | - | (20 | ) | - | (9,129 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 4,202 | (744 | ) | (608 | ) | (78 | ) | (17 | ) | 2,755 | |||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 1,706 | - | - | - | - | 1,706 | |||||||||||||||||||
Deferred | - | - | - | - | (554 | ) | (554 | ) | |||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 1,706 | - | - | - | (554 | ) | 1,152 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 2,496 | (744 | ) | (608 | ) | (78 | ) | 537 | 1,603 | ||||||||||||||||
NET LOSS, attributable to non-controlling interests | (50 | ) | - | - | - | - | (50 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 2,546 | $ | (744 | ) | $ | (608 | ) | $ | (78 | ) | $ | 537 | $ | 1,653 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.07 | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.00 | ) | $ | 0.01 | $ | 0.04 | ||||||||||
Diluted | $ | 0.07 | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.00 | ) | $ | 0.01 | $ | 0.04 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,247 | 37,247 | |||||||||||||||||||||||
Diluted | 37,247 | 37,247 | |||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 30,173 | $ | 8,731 | $ | - | $ | - | $ | - | $ | 38,904 | |||||||||||||
Multi-client Data Library Pre-commitments | 48,476 | - | - | - | - | 48,476 | |||||||||||||||||||
Multi-client Data Library Late Sales | 11,565 | - | - | - | - | 11,565 | |||||||||||||||||||
TOTAL REVENUES | 90,214 | 8,731 | - | - | - | 98,945 | |||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 17,164 | 7,712 | 156 | - | 1,471 | 26,503 | |||||||||||||||||||
Multi-client Data Library Amortization | 37,412 | - | - | - | - | 37,412 | |||||||||||||||||||
Depreciation and Other Amortization | 5,727 | - | - | 58 | 4 | 5,789 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 60,303 | 7,712 | 156 | 58 | 1,475 | 69,704 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 10,867 | - | - | - | (1,457 | ) | 9,410 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (2,231 | ) | - | - | - | - | (2,231 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | 21,275 | 1,019 | (156 | ) | (58 | ) | (18 | ) | 22,062 | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,295 | ) | - | - | (20 | ) | - | (8,315 | ) | ||||||||||||||||
Foreign exchange loss | (206 | ) | - | - | - | - | (206 | ) | |||||||||||||||||
Other expense | (1,952 | ) | - | - | - | - | (1,952 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (10,453 | ) | - | - | (20 | ) | - | (10,473 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | 10,822 | 1,019 | (156 | ) | (78 | ) | (18 | ) | 11,589 | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | 4,864 | - | - | - | - | 4,864 | |||||||||||||||||||
Deferred | - | - | - | - | 288 | 288 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | 4,864 | - | - | - | 288 | 5,152 | |||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | 5,958 | 1,019 | (156 | ) | (78 | ) | (306 | ) | 6,437 | ||||||||||||||||
NET INCOME, attributable to non-controlling interests | 151 | - | - | - | - | 151 | |||||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | 5,807 | $ | 1,019 | $ | (156 | ) | $ | (78 | ) | $ | (306 | ) | $ | 6,286 | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | 0.16 | $ | 0.03 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.17 | ||||||||||
Diluted | $ | 0.16 | $ | 0.03 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.01 | ) | $ | 0.17 | ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,450 | 37,450 | |||||||||||||||||||||||
Diluted | 37,450 | 37,450 | |||||||||||||||||||||||
Three Months Ended December 31, 2012 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 28,890 | $ | - | $ | - | $ | - | $ | (100 | ) | $ | 28,790 | ||||||||||||
Multi-client Data Library Pre-commitments | 20,828 | - | - | - | (285 | ) | 20,543 | ||||||||||||||||||
Multi-client Data Library Late Sales | 5,569 | - | - | - | - | 5,569 | |||||||||||||||||||
TOTAL REVENUES | 55,287 | - | - | - | (385 | ) | 54,902 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 25,177 | - | 693 | - | 919 | 26,789 | |||||||||||||||||||
Multi-client Data Library Amortization | 17,726 | - | - | - | (251 | ) | 17,475 | ||||||||||||||||||
Depreciation and Other Amortization | 9,733 | - | - | 50 | 16 | 9,799 | |||||||||||||||||||
TOTAL OPERATING EXPENSES | 52,636 | - | 693 | 50 | 684 | 54,063 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 18,256 | - | - | - | (1,301 | ) | 16,955 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (3,594 | ) | - | - | - | - | (3,594 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (12,011 | ) | - | (693 | ) | (50 | ) | 232 | (12,522 | ) | |||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,322 | ) | - | - | (20 | ) | - | (8,342 | ) | ||||||||||||||||
Foreign exchange loss | (433 | ) | - | - | - | - | (433 | ) | |||||||||||||||||
Other expense | (102 | ) | - | - | - | - | (102 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,857 | ) | - | - | (20 | ) | - | (8,877 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (20,868 | ) | - | (693 | ) | (70 | ) | 232 | (21,399 | ) | |||||||||||||||
INCOME TAX EXPENSE | |||||||||||||||||||||||||
Current | (4,171 | ) | - | - | - | 1,052 | (3,119 | ) | |||||||||||||||||
Deferred | 12,280 | - | - | - | (154 | ) | 12,126 | ||||||||||||||||||
TOTAL INCOME TAX EXPENSE | 8,109 | - | - | - | 898 | 9,007 | |||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (28,977 | ) | - | (693 | ) | (70 | ) | (666 | ) | (30,406 | ) | ||||||||||||||
NET LOSS, attributable to non-controlling interests | (363 | ) | - | - | - | 170 | (193 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (28,614 | ) | $ | - | $ | (693 | ) | $ | (70 | ) | $ | (836 | ) | $ | (30,213 | ) | ||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.76 | ) | $ | - | $ | (0.02 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.81 | ) | ||||||||
Diluted | $ | (0.76 | ) | $ | - | $ | (0.02 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.81 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,516 | 37,516 | |||||||||||||||||||||||
Diluted | 37,516 | 37,516 | |||||||||||||||||||||||
Three Months Ended March 31, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 27,437 | $ | - | $ | - | $ | - | $ | 100 | $ | 27,537 | |||||||||||||
Multi-client Data Library Pre-commitments | 28,282 | - | - | - | 285 | 28,567 | |||||||||||||||||||
Multi-client Data Library Late Sales | 27,690 | - | - | - | - | 27,690 | |||||||||||||||||||
TOTAL REVENUES | 83,409 | - | - | - | 385 | 83,794 | |||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 20,221 | (2 | ) | (420 | ) | - | 1,745 | 21,544 | |||||||||||||||||
Multi-client Data Library Amortization | 34,562 | - | - | - | 251 | 34,813 | |||||||||||||||||||
Depreciation and Other Amortization | 7,231 | - | - | 50 | (8 | ) | 7,273 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 62,014 | (2 | ) | (420 | ) | 50 | 1,988 | 63,630 | |||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | 12,992 | - | - | - | - | 12,992 | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | - | - | - | - | - | - | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 16,040 | - | - | - | (1,622 | ) | 14,418 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (2,636 | ) | - | - | - | - | (2,636 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (5,001 | ) | 2 | 420 | (50 | ) | 19 | (4,610 | ) | ||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,369 | ) | - | - | (20 | ) | - | (8,389 | ) | ||||||||||||||||
Foreign exchange loss | 176 | - | - | - | - | 176 | |||||||||||||||||||
Other expense | (43 | ) | - | - | - | - | (43 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,236 | ) | - | - | (20 | ) | - | (8,256 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (13,237 | ) | 2 | 420 | (70 | ) | 19 | (12,866 | ) | ||||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (1,570 | ) | - | - | - | - | (1,570 | ) | |||||||||||||||||
Deferred | - | - | - | - | 85 | 85 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (1,570 | ) | - | - | - | 85 | (1,485 | ) | |||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (11,667 | ) | 2 | 420 | (70 | ) | (66 | ) | (11,381 | ) | |||||||||||||||
NET LOSS, attributable to non-controlling interests | (125 | ) | - | - | - | (170 | ) | (295 | ) | ||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (11,542 | ) | $ | 2 | $ | 420 | $ | (70 | ) | $ | 104 | $ | (11,086 | ) | ||||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.31 | ) | $ | 0 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.29 | ) | |||||||||
Diluted | $ | (0.31 | ) | $ | 0 | $ | 0.01 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.29 | ) | |||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,756 | 37,756 | |||||||||||||||||||||||
Diluted | 37,756 | 37,756 | |||||||||||||||||||||||
Three Months Ended June 30, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 26,774 | $ | (651 | ) | $ | - | $ | - | $ | - | $ | 26,123 | ||||||||||||
Multi-client Data Library Pre-commitments | 14,098 | - | - | - | - | 14,098 | |||||||||||||||||||
Multi-client Data Library Late Sales | 22,480 | - | - | - | - | 22,480 | |||||||||||||||||||
TOTAL REVENUES | 63,352 | (651 | ) | - | - | - | 62,701 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 22,676 | (1,462 | ) | 162 | - | 1,575 | 22,951 | ||||||||||||||||||
Multi-client Data Library Amortization | 24,454 | - | - | - | - | 24,454 | |||||||||||||||||||
Depreciation and Other Amortization | 8,457 | - | - | 48 | (26 | ) | 8,479 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 55,587 | (1,462 | ) | 162 | 48 | 1,549 | 55,884 | ||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 5,932 | - | - | - | - | 5,932 | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 14,677 | - | - | - | (1,521 | ) | 13,156 | ||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (289 | ) | - | - | - | - | (289 | ) | |||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (12,555 | ) | 811 | (162 | ) | (48 | ) | (28 | ) | (11,982 | ) | ||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,430 | ) | - | - | (20 | ) | - | (8,450 | ) | ||||||||||||||||
Foreign exchange loss | (133 | ) | - | - | - | - | (133 | ) | |||||||||||||||||
Other expense | (185 | ) | - | - | - | - | (185 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (8,748 | ) | - | - | (20 | ) | - | (8,768 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (21,303 | ) | 811 | (162 | ) | (68 | ) | (28 | ) | (20,750 | ) | ||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (5,402 | ) | - | - | - | - | (5,402 | ) | |||||||||||||||||
Deferred | - | - | - | - | 134 | 134 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (5,402 | ) | - | - | - | 134 | (5,268 | ) | |||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (15,901 | ) | 811 | (162 | ) | (68 | ) | (162 | ) | (15,482 | ) | ||||||||||||||
NET LOSS, attributable to non-controlling interests | (115 | ) | - | - | - | - | (115 | ) | |||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (15,786 | ) | $ | 811 | $ | (162 | ) | $ | (68 | ) | $ | (162 | ) | $ | (15,367 | ) | ||||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.42 | ) | $ | 0.02 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.41 | ) | ||||||||
Diluted | $ | (0.42 | ) | $ | 0.02 | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.41 | ) | ||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 37,985 | 37,985 | |||||||||||||||||||||||
Diluted | 37,985 | 37,985 | |||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
Adjustments | |||||||||||||||||||||||||
As Reported | Revenue | Research & | Sales Tax | Other | Restated | ||||||||||||||||||||
Recognition | Development | ||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 41,407 | $ | (5,008 | ) | $ | - | $ | - | $ | - | $ | 36,399 | ||||||||||||
Multi-client Data Library Pre-commitments | 14,481 | - | - | - | - | 14,481 | |||||||||||||||||||
Multi-client Data Library Late Sales | 14,145 | - | - | - | - | 14,145 | |||||||||||||||||||
TOTAL REVENUES | 70,033 | (5,008 | ) | - | - | - | 65,025 | ||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 38,750 | (3,789 | ) | 122 | - | 186 | 35,269 | ||||||||||||||||||
Multi-client Data Library Amortization | 23,166 | - | - | - | - | 23,166 | |||||||||||||||||||
Depreciation and Other Amortization | 9,233 | - | - | 44 | (393 | ) | 8,884 | ||||||||||||||||||
TOTAL OPERATING EXPENSES | 71,149 | (3,789 | ) | 122 | 44 | (207 | ) | 67,319 | |||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | - | - | - | - | - | - | |||||||||||||||||||
GOODWILL IMPAIRMENT | 1,039 | - | - | - | - | 1,039 | |||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 5,173 | - | - | - | - | 5,173 | |||||||||||||||||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 11,460 | - | - | - | 708 | 12,168 | |||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (3,455 | ) | - | - | - | (1,257 | ) | (4,712 | ) | ||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (15,333 | ) | (1,219 | ) | (122 | ) | (44 | ) | 756 | (15,962 | ) | ||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (8,884 | ) | - | - | (20 | ) | - | (8,904 | ) | ||||||||||||||||
Foreign exchange loss | (310 | ) | - | - | - | - | (310 | ) | |||||||||||||||||
Other expense | (122 | ) | - | - | - | - | (122 | ) | |||||||||||||||||
TOTAL OTHER EXPENSE | (9,316 | ) | - | - | (20 | ) | - | (9,336 | ) | ||||||||||||||||
INCOME (LOSS) BEFORE INCOME TAXES | (24,649 | ) | (1,219 | ) | (122 | ) | (64 | ) | 756 | (25,298 | ) | ||||||||||||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||||||
Current | (548 | ) | - | - | - | - | (548 | ) | |||||||||||||||||
Deferred | - | - | - | - | 3,595 | 3,595 | |||||||||||||||||||
TOTAL INCOME TAX EXPENSE (BENEFIT) | (548 | ) | - | - | - | 3,595 | 3,047 | ||||||||||||||||||
INCOME (LOSS) AFTER INCOME TAXES | (24,101 | ) | (1,219 | ) | (122 | ) | (64 | ) | (2,839 | ) | (28,345 | ) | |||||||||||||
NET INCOME, attributable to non-controlling interests | 98 | - | - | - | - | 98 | |||||||||||||||||||
NET INCOME (LOSS), attributable to common stockholders | $ | (24,199 | ) | $ | (1,219 | ) | $ | (122 | ) | $ | (64 | ) | $ | (2,839 | ) | $ | (28,443 | ) | |||||||
INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (0.64 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.07 | ) | $ | (0.75 | ) | |||||||
Diluted | $ | (0.64 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.07 | ) | $ | (0.75 | ) | |||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 38,087 | 38,087 | |||||||||||||||||||||||
Diluted | 38,087 | 38,087 | |||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
REVENUES | |||||||||||||||||||||||||
Proprietary Revenues | $ | 61,104 | |||||||||||||||||||||||
Multi-client Data Library Pre-commitments | 2,621 | ||||||||||||||||||||||||
Multi-client Data Library Late Sales | 13,414 | ||||||||||||||||||||||||
TOTAL REVENUES | 77,139 | ||||||||||||||||||||||||
OPERATING EXPENSES | |||||||||||||||||||||||||
Operating Costs | 49,424 | ||||||||||||||||||||||||
Multi-client Data Library Amortization | 17,446 | ||||||||||||||||||||||||
Depreciation and Other Amortization | 7,954 | ||||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 74,824 | ||||||||||||||||||||||||
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | 75,230 | ||||||||||||||||||||||||
GOODWILL IMPAIRMENT | 375 | ||||||||||||||||||||||||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | 3,679 | ||||||||||||||||||||||||
SELLING GENERAL AND ADMINISTRATIVE EXPENSES | 11,668 | ||||||||||||||||||||||||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | (987 | ) | |||||||||||||||||||||||
INCOME (LOSS) FROM OPERATIONS | (87,650 | ) | |||||||||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||||
Interest expense, net | (10,103 | ) | |||||||||||||||||||||||
Foreign exchange loss | (172 | ) | |||||||||||||||||||||||
Other expense | (346 | ) | |||||||||||||||||||||||
TOTAL OTHER EXPENSE | (10,621 | ) | |||||||||||||||||||||||
LOSS BEFORE INCOME TAXES | (98,271 | ) | |||||||||||||||||||||||
INCOME TAX EXPENSE | |||||||||||||||||||||||||
Current | (1,507 | ) | |||||||||||||||||||||||
Deferred | 1,855 | ||||||||||||||||||||||||
TOTAL INCOME TAX EXPENSE | 348 | ||||||||||||||||||||||||
LOSS AFTER INCOME TAXES | (98,619 | ) | |||||||||||||||||||||||
NET INCOME (LOSS), attributable to non-controlling interests | — | ||||||||||||||||||||||||
NET LOSS, attributable to common stockholders | $ | (98,619 | ) | ||||||||||||||||||||||
LOSS PER COMMON SHARE | |||||||||||||||||||||||||
Basic | $ | (2.58 | ) | ||||||||||||||||||||||
Diluted | $ | (2.58 | ) | ||||||||||||||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||||||||||
Basic | 38,253 | ||||||||||||||||||||||||
Diluted | 38,253 |
Note_1_Organization_and_Nature1
Note 1 - Organization and Nature of Operations (Details) | 1 Months Ended |
Mar. 26, 2014 | |
Disclosure Text Block [Abstract] | ' |
Preferred Stock, Dividend Rate, Percentage | 11.50% |
Note_2_Summary_of_Significant_1
Note 2 - Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Revenues | $288,659,000 | $339,429,000 | $384,809,000 |
Finite-Lived Intangible Asset, Useful Life | '4 years | ' | ' |
Amortization of Intangible Assets | 99,900,000 | 102,900,000 | 112,800,000 |
13,051,000 | 894,000 | ' | |
Debt Instrument, Interest Rate, Stated Percentage | 10.50% | 10.50% | ' |
Allowance for Doubtful Accounts Receivable | 3,700,000 | 3,100,000 | ' |
Provision for Doubtful Accounts | 875,000 | 7,096,000 | ' |
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | 8,600,000 | 15,700,000 | 1,700,000 |
Goodwill, Impairment Loss | 1,414,000 | ' | ' |
Capitalized Computer Software, Gross | 600,000 | 1,800,000 | 900,000 |
Accumulated Amortization, Deferred Finance Costs | 3,300,000 | 2,000,000 | ' |
Amortization of Financing Costs | 1,900,000 | 900,000 | 600,000 |
Deferred Financing Costs, Amortization Expense, Next Twelve Months | 2,600,000 | ' | ' |
Deferred Financing Costs, Amortization Expense, Year Two | 2,900,000 | ' | ' |
Deferred Financing Costs, Amortization Expense, Year Three | 2,800,000 | ' | ' |
Deferred Financing Costs, Amortization Expense, Year Four | 500,000 | ' | ' |
Advertising Expense | 1,000,000 | 500,000 | 700,000 |
Building [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '40 years | ' | ' |
Vessels [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '10 years | ' | ' |
Computers And Software [Member] | Minimum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '3 years | ' | ' |
Computers And Software [Member] | Maximum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '5 years | ' | ' |
Furniture and Fixtures [Member] | Minimum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '1 year | ' | ' |
Furniture and Fixtures [Member] | Maximum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '2 years | ' | ' |
Machinery and Equipment [Member] | Minimum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '3 years | ' | ' |
Machinery and Equipment [Member] | Maximum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '7 years | ' | ' |
Software Development [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '5 years | ' | ' |
Multi-Clien Data Library and Other Impairment Expense [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Impairment of Intangible Assets (Excluding Goodwill) | 88,200,000 | ' | ' |
Backstop Amortization [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Amortization of Intangible Assets | 10,700,000 | 8,200,000 | 5,700,000 |
Property, Plant and Equipment [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Impairment of Long-Lived Assets Held-for-use | 0 | 0 | 0 |
Finite-Lived Intangible Assets [Member] | Trademarks [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Impairment of Long-Lived Assets Held-for-use | 200,000 | ' | ' |
Seismic Data Exchange Revenues [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Revenues | $400,000 | $5,400,000 | $3,100,000 |
Minimum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '2 years | ' | ' |
Maximum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '15 years | ' | ' |
Note_3_Selected_Balance_Sheet_2
Note 3 - Selected Balance Sheet Accounts (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Disclosure Text Block Supplement [Abstract] | ' |
Property, Plant and Equipment, Transfers and Changes | $4.30 |
Note_3_Selected_Balance_Sheet_3
Note 3 - Selected Balance Sheet Accounts (Details) - Prepaid Expenses and Other Current Assets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Prepaid Expenses and Other Current Assets [Abstract] | ' | ' |
Assets held for sale | ' | $4,878 |
Prepaid expenses | 3,227 | 1,181 |
Note receivable | 3,175 | 1,750 |
Total prepaid expenses and other current assets | $6,402 | $7,809 |
Note_3_Selected_Balance_Sheet_4
Note 3 - Selected Balance Sheet Accounts (Details) - Accounts Receivable, Net (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts Receivable, Net [Abstract] | ' | ' |
Accounts receivable, trade | $27,138 | $38,126 |
Unbilled accounts receivable, trade | 27,605 | 16,321 |
Allowance for doubtful accounts | -3,663 | -3,066 |
Total accounts receivable, net | $51,080 | $51,381 |
Note_4_Multiclient_Library_Det
Note 4 - Multi-client Library (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 4 - Multi-client Library (Details) [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '4 years | ' | ' |
Revenues | $288,659,000 | $339,429,000 | $384,809,000 |
Sales Commissions and Fees | 14,784,000 | ' | ' |
Amortization of Intangible Assets | 99,900,000 | 102,900,000 | 112,800,000 |
SEI-GPI [Member] | Multi-client Data Library Late Sales [Member] | ' | ' | ' |
Note 4 - Multi-client Library (Details) [Line Items] | ' | ' | ' |
Revenues | 25,000,000 | ' | ' |
SEI-GPI [Member] | ' | ' | ' |
Note 4 - Multi-client Library (Details) [Line Items] | ' | ' | ' |
Proceeds from License Fees Received | 25,000,000 | ' | ' |
Multi-client Data Library Late Sales [Member] | ' | ' | ' |
Note 4 - Multi-client Library (Details) [Line Items] | ' | ' | ' |
Revenues | 77,729,000 | 44,828,000 | 50,298,000 |
Multi-Client Library [Member] | ' | ' | ' |
Note 4 - Multi-client Library (Details) [Line Items] | ' | ' | ' |
Sales Commissions and Fees | 14,800,000 | ' | ' |
Amortization of Intangible Assets | $14,300,000 | ' | ' |
Note_4_Multiclient_Library_Det1
Note 4 - Multi-client Library (Details) - Multi-client Services Library (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Multi-client Services Library [Abstract] | ' | ' |
Multi-client library, at cost | $726,691 | $655,329 |
Less: accumulated Multi-client data library amortization | 446,038 | 346,159 |
Multi-client data library impairment | 88,223 | ' |
Total Multi-client library (net) | $192,430 | $309,170 |
Note_4_Multiclient_Library_Det2
Note 4 - Multi-client Library (Details) - Multi-client Library Amortization Expense (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Note 4 - Multi-client Library (Details) - Multi-client Library Amortization Expense [Line Items] | ' | ' | ||
Multi-client data library amortization | $99,879 | $102,881 | ||
Multi-Client Library [Member] | Revenue Based Amortization [Member] | ' | ' | ||
Note 4 - Multi-client Library (Details) - Multi-client Library Amortization Expense [Line Items] | ' | ' | ||
Multi-client data library amortization | 89,180 | 94,652 | ||
Multi-Client Library [Member] | Backstop Amortization [Member] | ' | ' | ||
Note 4 - Multi-client Library (Details) - Multi-client Library Amortization Expense [Line Items] | ' | ' | ||
Multi-client data library amortization | $10,699 | [1] | $8,229 | [1] |
[1] | Backstop amortization represents the non-cash charges recorded to ensure each individual survey in the library is carried at a net book value no greater than a four-year straight-line amortization value. |
Note_5_Property_and_Equipment_1
Note 5 - Property and Equipment (Details) (USD $) | 12 Months Ended | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | 31-May-13 | Dec. 30, 2013 | Dec. 31, 2013 | |
Seismic Equipment Solutions [Member] | Prepaid Expenses and Other Current Assets [Member] | |||||
Note 5 - Property and Equipment (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Net | $79,693,000 | $95,369,000 | ' | $3,100,000 | ' | ' |
Insurance Recoveries | 5,600,000 | ' | ' | ' | ' | ' |
Proceeds from Sale of Property, Plant, and Equipment | 13,606,000 | 27,974,000 | 16,654,000 | ' | 9,500,000 | ' |
Number of Single-Channel Units | ' | ' | ' | ' | 20,000 | ' |
Revenues | 288,659,000 | 339,429,000 | 384,809,000 | ' | 7,300,000 | ' |
Cost of Revenue | ' | ' | ' | ' | 7,300,000 | ' |
Gain (Loss) on Disposition of Property Plant Equipment | 8,624,000 | 15,706,000 | 1,683,000 | ' | 2,200,000 | ' |
Accounts and Notes Receivable, Net | ' | ' | ' | ' | ' | $3,200,000 |
Note_5_Property_and_Equipment_2
Note 5 - Property and Equipment (Details) - Property and Equipment (USD $) | Dec. 31, 2013 | 31-May-13 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant, and equipment | $346,618 | ' | $352,780 |
Less: accumulated depreciation | 269,884 | ' | 259,323 |
76,734 | ' | 93,457 | |
Work in progress | 2,959 | ' | 1,912 |
Total property and equipment, net | 79,693 | 3,100 | 95,369 |
Machinery and Equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant, and equipment | 301,569 | ' | 309,624 |
Computer Equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant, and equipment | 21,562 | ' | 19,661 |
Building [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant, and equipment | 13,624 | ' | 13,601 |
Vessels [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant, and equipment | 7,628 | ' | 7,634 |
Land [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant, and equipment | 2,157 | ' | 2,157 |
Furniture and Fixtures [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant, and equipment | $78 | ' | $103 |
Note_5_Property_and_Equipment_3
Note 5 - Property and Equipment (Details) - Analysis of Depreciation Expense (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Analysis of Depreciation Expense [Abstract] | ' | ' | ' |
Gross depreciation expense | $37,132 | $40,825 | $45,182 |
Less: capitalized deprecation for Multi-client library | 4,121 | 11,329 | 16,901 |
Depreciation expense, net | $33,011 | $29,496 | $28,281 |
Note_6_Goodwill_and_Ingangible2
Note 6 - Goodwill and Ingangible Assets (Details) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 17, 2013 | Oct. 17, 2013 | Oct. 17, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Multi-Client Data Library and Other Impairment [Member] | Selling, General and Administrative Expenses [Member] | Line Clearing Business [Member] | Paisano [Member] | Minimum [Member] | Maximum [Member] | ||||
Line Clearing Business [Member] | Line Clearing Business [Member] | Paisano [Member] | |||||||
Paisano [Member] | Paisano [Member] | ||||||||
Note 6 - Goodwill and Ingangible Assets (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '4 years | ' | ' | ' | ' | ' | ' | '2 years | '15 years |
Amortization | $3,200,000 | $3,100,000 | $1,900,000 | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | ' | 20.00% | ' | ' |
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value | ' | 1,167,000 | ' | ' | ' | ' | 900,000 | ' | ' |
Gain (Loss) on Disposition of Property Plant Equipment | 8,624,000 | 15,706,000 | 1,683,000 | ' | ' | 0 | ' | ' | ' |
Asset Impairment Charges | $88,223,000 | ' | ' | $1,000,000 | $200,000 | ' | ' | ' | ' |
Note_6_Goodwill_and_Ingangible3
Note 6 - Goodwill and Ingangible Assets (Details) - Goodwill and Other Intangibles (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Finite-Lived Intangible Assets | $20,206 | $19,596 |
Less: accumulated amortization | 9,915 | 6,513 |
Intangible assets, net | 10,291 | 13,083 |
Goodwill | 10,967 | 12,381 |
Total goodwill and intangible assets, net | 21,258 | 25,464 |
Customer Lists [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Finite-Lived Intangible Assets | 3,984 | 3,984 |
Trademarks [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Finite-Lived Intangible Assets | 1,759 | 1,759 |
Patents [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Finite-Lived Intangible Assets | 3,913 | 3,913 |
Noncompete Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Finite-Lived Intangible Assets | 1,057 | 1,057 |
Intellectual Property [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Finite-Lived Intangible Assets | $9,493 | $8,883 |
Note_6_Goodwill_and_Ingangible4
Note 6 - Goodwill and Ingangible Assets (Details) - Summary of Changes in Goodwill (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Goodwill [Line Items] | ' |
Goodwill, balance | $12,381 |
Impairment loss - Paisano | -1,414 |
Other goodwill impairment | -375 |
Goodwill, balance | 10,967 |
Paisano [Member] | ' |
Goodwill [Line Items] | ' |
Impairment loss - Paisano | ($1,039) |
Note_7_Income_Taxes_Details
Note 7 - Income Taxes (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 7 - Income Taxes (Details) [Line Items] | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | $47,100,000 | ' |
Deferred Tax Assets, Tax Credit Carryforwards, Foreign | 956,000 | 956,000 |
Undistributed Earnings of Foreign Subsidiaries | 1,100,000 | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 1,600,000 | 1,600,000 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 300,000 | 300,000 |
Domestic Tax Authority [Member] | ' | ' |
Note 7 - Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 266,800,000 | ' |
Foreign Tax Authority [Member] | ' | ' |
Note 7 - Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 80,400,000 | ' |
State and Local Jurisdiction [Member] | ' | ' |
Note 7 - Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $67,700,000 | ' |
Note_7_Income_Taxes_Details_Pr
Note 7 - Income Taxes (Details) - Pretax Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pretax Income (Loss) [Abstract] | ' | ' | ' |
U.S. | ($163,002) | $17,673 | $18,157 |
Foreign | 5,818 | -12,658 | -653 |
Income (loss) before income taxes | ($157,184) | $5,015 | $17,504 |
Note_7_Income_Taxes_Details_Co
Note 7 - Income Taxes (Details) - Components of Income Tax Expense (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Components of Income Tax Expense [Abstract] | ' | ' | ' |
State | $69 | ($900) | $347 |
Foreign | 5,469 | 10,100 | 8,673 |
5,538 | 9,200 | 9,020 | |
Federal | -9,321 | 11,139 | 4,048 |
State | 309 | 290 | -704 |
Foreign | 116 | 274 | 229 |
-8,896 | 11,703 | 3,573 | |
Total income tax expense (benefit) | ($3,358) | $20,903 | $12,593 |
Note_7_Income_Taxes_Details_Co1
Note 7 - Income Taxes (Details) - Components of the Provision for Income Taxes (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Components of the Provision for Income Taxes [Abstract] | ' | ' | ' |
Income tax expense (benefit) at statutory rate | ($55,014) | $1,755 | $6,127 |
U.S. state income taxes | -1,147 | -1,075 | 663 |
Non-U.S. effective rate different than statutory | 85 | 1,360 | -787 |
Effect of non-deductible expenses | 1,634 | 2,846 | 2,269 |
U.S. limit on foreign tax credits | 3,210 | 14,158 | ' |
Change in valuation allowance | 47,073 | 1,231 | 2,988 |
Liabilities for uncertain tax matters | ' | ' | 800 |
Other | 801 | 628 | 533 |
Income tax expense (benefit) | ($3,358) | $20,903 | $12,593 |
Note_7_Income_Taxes_Details_De
Note 7 - Income Taxes (Details) - Deferred Income Taxes (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Net operating loss carry forwards | $115,538 | $96,070 |
Foreign tax credits | 956 | 956 |
Other | 4,557 | 1,409 |
Total gross deferred tax assets | 121,051 | 98,435 |
Less: valuation allowance | -65,523 | -18,120 |
Total deferred tax asset | 55,528 | 80,315 |
Deferred tax liabilities: | ' | ' |
Property and equipment | -12,404 | -13,688 |
Multi-client library | -38,881 | -72,981 |
Other | -4,244 | -2,713 |
Total gross deferred tax liabilities | -55,528 | -89,382 |
Deferred tax liabilities, net | ' | ($9,067) |
Note_7_Income_Taxes_Details_Ch
Note 7 - Income Taxes (Details) - Changes in the Company’s Unrecognized Tax Benefits (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2013 |
Changes in the Company’s Unrecognized Tax Benefits [Abstract] | ' | ' |
Beginning unrecognized tax benefits | $2,323 | $1,553 |
Ending unrecognized tax benefits | 1,553 | 1,553 |
Reductions due to settlements with taxing authorities | ($770) | ' |
Note_8_Debt_Details
Note 8 - Debt (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 28, 2007 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jul. 20, 2012 | Jul. 20, 2012 | Sep. 30, 2013 | Apr. 24, 2013 | Sep. 28, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 09, 2011 | Jun. 09, 2011 | Dec. 31, 2013 | Mar. 24, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jun. 09, 2011 | Jul. 20, 2012 | Apr. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2013 |
Mature From May 1, 2014 to April 30 2015 [Member] | Mature From May 1, 2015 To April 30, 2016 [Member] | Mature May 1, 2016 And Thereafter [Member] | Alternate Base Rate [Member] | Wall Street Journal Prime Rate [Member] | Wall Street Journal Prime Rate [Member] | Wall Street Journal Prime Rate [Member] | Increasing To [Member] | Decreasing To [Member] | Incremental Increase In Borrowing Capacity Under Third Amendment [Member] | Additional Borrowing Capacity [Member] | Fourth Amendment [Member] | Fourth Amendment [Member] | Interest Rate On Debt To Be Exchanged [Member] | STRM LLC [Member] | STRM LLC [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | Prime Rate [Member] | Senior Notes [Member] | September 2013 Financing Agreement [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan B [Member] | Term Loans A and B [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Foreign Loan Amounts [Member] | Foreign Loan Amounts [Member] | Foreign Loan Interest Rates [Member] | Foreign Loan Interest Rates [Member] | Non Interest Bearing Promissory Note Amount [Member] | Non Interest Bearing Promissory Note Amount [Member] | Minimum [Member] | Minimum [Member] | ||||
Rate Used To Calculate Alternate Base Rate As The Highest Federal Funds Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | Additional Interest Rate Above Alternative Base Rates [Member] | Minimum [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Term Loans A and B [Member] | Bank of America [Member] | Bank of America [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||||||||||||||||||
TPG Specialty Lending [Member] | TPG Specialty Lending [Member] | TPG Specialty Lending [Member] | TPG Specialty Lending [Member] | Term Loans A and B [Member] | |||||||||||||||||||||||||||||||||||
Note 8 - Debt (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount (in Dollars) | $250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $250,000,000 | $81,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.50% | 10.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.50% | ' | ' | ' | ' | ' | 10.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed | ' | ' | ' | 105.25% | 102.63% | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage Face Value | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt (in Dollars) | 342,075,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 81,800,000 | 82,800,000 | 22,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | 1.00% | 1.00% | 8.75% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.75% | 3.00% | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' |
Loan Covenant Term Percentage of Consolidated Excess Cash Flow | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated Fixed Charges Ratio | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated Secured Leverage Ratio | 1.75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Covenant Term Consolidated Liquidity (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 |
Long-term Debt, Weighted Average Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85,000,000 | 10,000,000 | 80,000,000 | 67,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,000,000 | 67,500,000 | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes Payable to Bank (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600,000 | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,200,000 | 10,400,000 | ' | ' | 500,000 | 800,000 | ' | ' |
Debt, Weighted Average Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.60% | 9.10% | 6.10% | 3.40% | ' | ' |
Line of Credit Facility, Amount Outstanding (in Dollars) | $1,000,000 | $1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_8_Debt_Details_LongTerm_D
Note 8 - Debt (Details) - Long-Term Debt (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Long-Term Debt | $342,075 | $341,070 |
Less: unamortized discount | 5,533 | 6,850 |
336,542 | 334,220 | |
Less: current portion | 336,542 | 22,970 |
Total long-term debt, net of current portion and unamortized discount | ' | 311,250 |
Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-Term Debt | 250,000 | 250,000 |
Senior Secured Term Loan Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-Term Debt | 81,765 | ' |
Line of Credit [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-Term Debt | ' | 79,060 |
Loans Payable [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-Term Debt | 9,797 | 11,204 |
Notes Payable Insurance [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-Term Debt | $513 | $806 |
Note_8_Debt_Details_Future_Mat
Note 8 - Debt (Details) - Future Maturities of Notes Payable and Line of Credit (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Future Maturities of Notes Payable and Line of Credit [Abstract] | ' |
2014 | $342,075 |
$342,075 |
Note_9_Fair_Value_of_Financial2
Note 9 - Fair Value of Financial Instruments (Details) - Fair Value Level One Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Carrying Amount | $342,075 | ' |
Long-Term Debt One [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair Value | 152,000 | 178,000 |
Long-Term Debt Two [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Fair Value | 38,000 | 44,500 |
Reported Value Measurement [Member] | Long-Term Debt One [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Carrying Amount | 196,608 | 195,801 |
Reported Value Measurement [Member] | Long-Term Debt Two [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Carrying Amount | $47,859 | $47,349 |
Note_9_Fair_Value_of_Financial3
Note 9 - Fair Value of Financial Instruments (Details) - Fair Value Level One Liabilities (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Senior notes | $250,000,000 | ' |
Reported Value Measurement [Member] | Long-Term Debt One [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Senior notes | 200,000 | 200,000 |
Reported Value Measurement [Member] | Long-Term Debt Two [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Senior notes | $50,000 | $50,000 |
Note_10_Earnings_Loss_Per_Shar2
Note 10 - Earnings (Loss) Per Share (Details) (Out Of The Money Stock Options [Member]) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Out Of The Money Stock Options [Member] | ' | ' | ' |
Note 10 - Earnings (Loss) Per Share (Details) [Line Items] | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,426,000 | 1,893,200 | 2,386,700 |
Note_10_Earnings_Loss_Per_Shar3
Note 10 - Earnings (Loss) Per Share (Details) - Computation of Basic and Diluted Earnings Per Share (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Computation of Basic and Diluted Earnings Per Share [Abstract] | ' | ' | ' |
Net income (loss) | ($153,514) | ($15,586) | $4,933 |
Less: Preferred stock dividend | 49 | ' | ' |
Net income (loss), attributable to common stockholders | ($153,514) | ($15,586) | $4,933 |
Weighted average shares outstanding: | ' | ' | ' |
Basic (in Shares) | 38,049 | 37,319 | 36,666 |
Total (in Shares) | 38,049 | 37,319 | 36,666 |
Basic income (loss) per share (in Dollars per share) | ($4.03) | ($0.42) | $0.13 |
Diluted income (loss) per share (in Dollars per share) | ($4.03) | ($0.42) | $0.13 |
Note_11_Stockbased_Compensatio2
Note 11 - Stock-based Compensation (Details) (USD $) | 11 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||
Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |
Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Performance Shares [Member] | Non-Vested Stock Awards [Member] | Non-Vested Stock Awards [Member] | Non Vested Stock Options [Member] | Non Vested Stock Options [Member] | Options Forfeited [Member] | Incentive Plan For 2006 [Member] | |||||
Note 11 - Stock-based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,203,058 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares) | ' | 1,084,200 | ' | 65,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,914,600 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period (in Shares) | ' | 551,400 | 493,500 | 562,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,488,600 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | ' | '84 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit (in Dollars per share) | ' | $2.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit (in Dollars per share) | ' | $30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation | $5,228,000 | $7,814,000 | $5,883,000 | $5,228,000 | $1,600,000 | $1,400,000 | $1,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares (in Shares) | ' | 1,097,775 | 273,650 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | ' | 7,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | 6,200,000 | 2,300,000 | 1,400,000 | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | '2 years | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | ' | ' | ' | ' | ' | ' | $4,800,000 | $4,600,000 | $3,700,000 | ' | $1,600,000 | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares) | ' | ' | ' | ' | ' | ' | ' | 553,647 | 636,338 | 755,100 | ' | 1,214,950 | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares) | ' | 1,181,350 | ' | ' | ' | ' | ' | 992,605 | 976,976 | 994,836 | 595,053 | 1,181,350 | ' | ' | ' | ' | ' | ' |
Note_11_Stockbased_Compensatio3
Note 11 - Stock-based Compensation (Details) - Assumptions Used for Fair Value Stock Options | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 11 - Stock-based Compensation (Details) - Assumptions Used for Fair Value Stock Options [Line Items] | ' | ' |
Risk-free interest rates | 1.67% | 2.68% |
Expected lives (in years) | '84 months | ' |
Expected volatility | 75.37% | 59.08% |
Assumptions Used [Member] | ' | ' |
Note 11 - Stock-based Compensation (Details) - Assumptions Used for Fair Value Stock Options [Line Items] | ' | ' |
Expected lives (in years) | '7 years | '7 years |
Note_11_Stockbased_Compensatio4
Note 11 - Stock-based Compensation (Details) - Option Activity (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Note 11 - Stock-based Compensation (Details) - Option Activity [Line Items] | ' | ' | ' | ' |
Number of Optioned Shares (in Shares) | 2,426,000 | 1,893,200 | 2,386,700 | 2,884,100 |
Weighted Average Exercise Price | $14.62 | $22.87 | $22.86 | $22.93 |
Weighted Average Remaining Contractual Term in Years | '4 years 226 days | ' | ' | ' |
Exercisable at December 31, 2013 (in Shares) | 1,328,225 | ' | ' | ' |
Exercisable at December 31, 2013 | $22.56 | ' | ' | ' |
Exercisable at December 31, 2013 | '4 years 204 days | ' | ' | ' |
Number of Optioned Shares (in Shares) | 1,084,200 | ' | 65,000 | ' |
Weighted Average Exercise Price | $3.39 | ' | $21.92 | ' |
Number of Optioned Shares (in Shares) | -551,400 | -493,500 | -562,400 | ' |
Weighted Average Exercise Price | $20.86 | $22.85 | $23.11 | ' |
Employee Stock Option [Member] | ' | ' | ' | ' |
Note 11 - Stock-based Compensation (Details) - Option Activity [Line Items] | ' | ' | ' | ' |
Balance as of | $4.52 | $5.30 | $5.78 | $6.04 |
Exercisable at December 31, 2013 | $5.37 | ' | ' | ' |
Weighted Average Optioned Grant Date Fair Value | $3.39 | ' | $13.49 | ' |
Weighted Average Optioned Grant Date Fair Value | $4.83 | $7.61 | $8.02 | ' |
Note_11_Stockbased_Compensatio5
Note 11 - Stock-based Compensation (Details) - Restricted Stock Activity (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Note 11 - Stock-based Compensation (Details) - Restricted Stock Activity [Line Items] | ' | ' | ' | ' |
Balance as of | 1,181,350 | ' | ' | ' |
Restricted Stock [Member] | ' | ' | ' | ' |
Note 11 - Stock-based Compensation (Details) - Restricted Stock Activity [Line Items] | ' | ' | ' | ' |
Balance as of | 992,605 | 976,976 | 994,836 | 595,053 |
Balance as of | $2.87 | $6.72 | $10.84 | $9.90 |
Number of Nonvested Restricted Share Awards | 553,647 | 636,338 | 755,100 | ' |
Weighted Average Grant Date Fair Value | $3.32 | $5.09 | $11.40 | ' |
Number of Nonvested Restricted Share Awards | -289,378 | -375,741 | -185,698 | ' |
Weighted Average Grant Date Fair Value | $10.98 | $11.78 | $9.25 | ' |
Number of Nonvested Restricted Share Awards | -248,640 | -278,457 | -169,619 | ' |
Weighted Average Grant Date Fair Value | $9.54 | $10.91 | $11.42 | ' |
Note_11_Stockbased_Compensatio6
Note 11 - Stock-based Compensation (Details) - Summary of the Activity of the Company's Performance Units Awards (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Note 11 - Stock-based Compensation (Details) - Summary of the Activity of the Company's Performance Units Awards [Line Items] | ' |
Balance as of | 1,181,350 |
Performance Shares [Member] | ' |
Note 11 - Stock-based Compensation (Details) - Summary of the Activity of the Company's Performance Units Awards [Line Items] | ' |
Granted | 1,214,950 |
Granted | $7.70 |
Forfeited | -33,600 |
Forfeited | $7.70 |
Balance as of | 1,181,350 |
Balance as of | $7.70 |
Note_12_Segment_Information_De
Note 12 - Segment Information (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 12 - Segment Information (Details) [Line Items] | ' | ' | ' |
Number of Reportable Segments | 2 | ' | ' |
Proprietary Services [Member] | ' | ' | ' |
Note 12 - Segment Information (Details) [Line Items] | ' | ' | ' |
Sales Revenue, Services, Net Percentage | 52.00% | 54.00% | 54.00% |
Multi-Client Services [Member] | ' | ' | ' |
Note 12 - Segment Information (Details) [Line Items] | ' | ' | ' |
Sales Revenue, Services, Net Percentage | 48.00% | 46.00% | 46.00% |
Note_12_Segment_Information_De1
Note 12 - Segment Information (Details) - Reportable Segments (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | |||
Revenues | $288,659,000 | $339,429,000 | $384,809,000 | |||
Operating expenses (1) (2) | 261,655,000 | [1],[2] | 262,865,000 | [1],[2] | 299,168,000 | [1],[2] |
Multi-client data library impairment | 88,223,000 | ' | ' | |||
Goodwill impairment | 1,414,000 | ' | ' | |||
SG&A and Multi-client data library commissions | 66,194,000 | 51,346,000 | 43,962,000 | |||
Gain on disposal of property and equipment | -8,624,000 | -15,706,000 | -1,683,000 | |||
Operating income (loss) | -120,203,000 | 40,924,000 | 43,362,000 | |||
Segment assets | 392,907,000 | 547,686,000 | 506,559,000 | |||
Proprietary Services [Member] | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | |||
Revenues | 151,163,000 | 183,513,000 | 207,068,000 | |||
Operating expenses (1) (2) | 140,033,000 | [1],[2] | 142,907,000 | [1],[2] | 169,966,000 | [1],[2] |
Operating income (loss) | 11,130,000 | 40,606,000 | 37,102,000 | |||
Segment assets | 50,148,000 | 26,843,000 | 54,965,000 | |||
Multi-Client Services [Member] | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | |||
Revenues | 137,496,000 | 155,916,000 | 177,741,000 | |||
Operating expenses (1) (2) | 99,879,000 | [1],[2] | 102,881,000 | [1],[2] | 112,082,000 | [1],[2] |
Multi-client data library impairment | 88,223,000 | ' | ' | |||
SG&A and Multi-client data library commissions | 14,784,000 | ' | ' | |||
Operating income (loss) | -65,390,000 | 53,035,000 | 64,939,000 | |||
Segment assets | 208,894,000 | 336,583,000 | 276,273,000 | |||
Corporate Segment [Member] | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | |||
Operating expenses (1) (2) | 21,743,000 | [1],[2] | 17,077,000 | [1],[2] | 16,400,000 | [1],[2] |
Goodwill impairment | 1,414,000 | ' | ' | |||
SG&A and Multi-client data library commissions | 51,410,000 | 51,346,000 | 43,962,000 | |||
Gain on disposal of property and equipment | -8,624,000 | -15,706,000 | -1,683,000 | |||
Operating income (loss) | -65,943,000 | -52,717,000 | -58,679,000 | |||
Segment assets | $133,865,000 | $184,260,000 | $175,321,000 | |||
[1] | Corporate operating expenses represent depreciation expense, (net) associated with the assets used during the period. | |||||
[2] | Multi-client Services operating expenses represent data library revenue and backstop amortization expense. |
Note_13_Employee_Benefit_Plans1
Note 13 - Employee Benefit Plans (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount (in Dollars) | $1 | $1 | $0.80 |
Three Percent Of The Total Qualifying Compensation [Member] | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 100.00% | 100.00% | 100.00% |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 3.00% | 3.00% | 3.00% |
Fifty Percent Of The Next Two Percent [Member] | ' | ' | ' |
Note 13 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 50.00% | 50.00% | 50.00% |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 2.00% | 2.00% | 2.00% |
Note_14_Commitments_and_Contin2
Note 14 - Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Capital Lease Obligations | $5.80 | $9.80 | ' |
Capital Lease Interest Rate | 5.70% | 5.30% | ' |
Capital Leased Assets, Gross | 10.1 | 22.4 | ' |
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation | 2.3 | 5.4 | ' |
Operating Leases, Rent Expense | $14.60 | $23.10 | $22.30 |
Note_14_Commitments_and_Contin3
Note 14 - Commitments and Contingencies (Details) - Future Commitment Under Operating and Capital Leases (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Operating Leased Assets [Line Items] | ' | ' |
Less: current portion | $5,764 | $5,639 |
Property Subject to Operating Lease [Member] | ' | ' |
Operating Leased Assets [Line Items] | ' | ' |
2014 | 8,470 | ' |
2015 | 1,380 | ' |
2016 | 595 | ' |
2017 | 196 | ' |
2018 | 16 | ' |
Total future minimum lease payments | 10,657 | ' |
Capital Lease Obligations [Member] | ' | ' |
Operating Leased Assets [Line Items] | ' | ' |
2014 | 6,042 | ' |
Total future minimum lease payments | 6,042 | ' |
Less: amounts representing interest | 278 | ' |
Present value of net minimum lease payments | 5,764 | ' |
Less: current portion | $5,764 | ' |
Note_15_Supplemental_Cash_Flow2
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Cash Flow Information (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' |
Interest paid | $32,733 | $29,235 | $23,435 |
Income taxes paid | $3,847 | $7,570 | $8,922 |
Note_15_Supplemental_Cash_Flow3
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non-cash multi-client asset recorded as deferred revenue | ' | $64 | $2,205 |
Note payable related to purchase of business | ' | ' | 1,000 |
Original issue discount on notes payable | ' | 3,000 | ' |
Property and equipment sale financed through note receivable | 1,160 | 2,329 | 1,520 |
Property and equipment additions financed through capital leases | 2,405 | 7,640 | 14,538 |
Purchase price not paid at close of acquisition | ' | 2,993 | 1,850 |
Investment in unconsolidated subsidiaries | ' | ' | 958 |
Equipment Additions With Swap Of Property And Equipment [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non-cash propеrty and еquipmеnt additions | ' | 7,677 | ' |
Equipment Additions With Swap Of Data [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non-cash propеrty and еquipmеnt additions | 1,748 | 1,751 | ' |
Property and Equipment Additions Transferred From Inventory [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | 11,864 | ' | ' |
Inventory Additions Transferred From Property And Equipment [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | 2,641 | ' | ' |
Property And Equipment Additions Transferred From Held For Sale [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | 4,292 | ' | ' |
Held For Sale Additions Transferred From Property And Equipment [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | ' | 4,878 | ' |
Option Payable Recorded Against Additional Paid In Capital [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | ' | ' | 702 |
Sale And Leaseback Financed Through Note Receivable [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | 3,165 | ' | ' |
Capitalized Depreciation For Multi Client Library [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | 4,121 | 11,329 | 16,900 |
Holdback On Disposition Of Property And Equipment Proceeds [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | 400 | ' | ' |
Settlement Of Non Controlling Interest Through Disposition Of Property And Equipment [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | 855 | ' | ' |
Liability Settled Through Equity [Member] | ' | ' | ' |
Note 15 - Supplemental Cash Flow Information (Details) - Supplemental Disclosure of Non-Cash Investing and Financing Activities [Line Items] | ' | ' | ' |
Non cash transactions | $435 | $525 | ' |
Note_16_Customer_Concentration2
Note 16 - Customer Concentrations (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 16 - Customer Concentrations (Details) [Line Items] | ' | ' | ' |
Revenues | $288,659 | $339,429 | $384,809 |
Foreign [Member] | ' | ' | ' |
Note 16 - Customer Concentrations (Details) [Line Items] | ' | ' | ' |
Revenues | $102,700 | $163,300 | $179,500 |
Percentage Of Foreign Sales | 36.00% | 48.00% | 47.00% |
Note_16_Customer_Concentration3
Note 16 - Customer Concentrations (Details) - Customer Concentrations in Sales and Accounts Receivable (USD $) | 12 Months Ended | 3 Months Ended | |||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2012 | |
Largest Client [Member] | Largest Client [Member] | Largest Client [Member] | Second Largest Client [Member] | Two Largest Clients [Member] | Two Largest Clients [Member] | Two Largest Clients [Member] | Restated [Member] | ||||
Restated [Member] | Restated [Member] | ||||||||||
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $288,659,000 | $339,429,000 | $384,809,000 | $52,500,000 | $31,600,000 | $63,800,000 | $51,400,000 | $52,500,000 | $31,600,000 | $115,200,000 | $54,902,000 |
% Of Revenues Total | ' | ' | ' | 15.00% | 11.00% | 17.00% | 13.00% | 15.00% | 11.00% | 30.00% | ' |
Accounts Receivable | ' | ' | ' | $500,000 | ' | $10,800,000 | $6,700,000 | $500,000 | ' | $17,500,000 | ' |
% Of Accounts Receivable | ' | ' | ' | 1.00% | ' | 12.00% | 8.00% | 1.00% | ' | 20.00% | ' |
Note_18_Preferred_Stock_Detail
Note 18 - Preferred Stock (Details) (USD $) | 1 Months Ended | 12 Months Ended |
Mar. 26, 2014 | Dec. 31, 2013 | |
Preferred Class A [Member] | ||
Note 18 - Preferred Stock (Details) [Line Items] | ' | ' |
Dipositary Shares, Shares Issued (in Shares) | ' | 347,827 |
Preferred Stock, Liquidation Preference Per Share | ' | $25,000 |
Depositary Shares Liquidation Preference Per Share | ' | $25 |
Preferred Stock, Dividend Rate, Percentage | 11.50% | 11.50% |
Preferred Stock, Dividend Rate, Per-Dollar-Amount | ' | $2,875 |
Depositary Shares Dividend Rate Per Dollar Amount | ' | $2.88 |
Note_19_Guarantees_of_Register2
Note 19 - Guarantees of Registered Securities (Details) (USD $) | 1 Months Ended | ||||||
In Millions, unless otherwise specified | Jul. 26, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 03, 2010 | Jul. 26, 2012 | Aug. 03, 2010 | Mar. 28, 2012 |
Publicly Registered Senior Notes [Member] | Publicly Registered Senior Notes [Member] | Privately Registered Senior Notes [Member] | |||||
Note 19 - Guarantees of Registered Securities (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Senior Notes, Noncurrent (in Dollars) | ' | ' | ' | $200 | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | 10.50% | 10.50% | ' | 10.50% | 10.50% | 10.50% |
Debt Conversion, Original Debt, Amount (in Dollars) | $50 | ' | ' | ' | ' | ' | ' |
Note_19_Guarantees_of_Register3
Note 19 - Guarantees of Registered Securities (Details) - Separate Condensed Consolidating Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 30, 2013 | 31-May-13 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Condensed Balance Sheet Statements, Captions [Line Items] | ' | ' | ' | ' |
Current assets: | $90,525 | ' | ' | $111,282 |
Multi-client library, net | 192,430 | ' | ' | 309,170 |
Property and equipment, net | 79,693 | ' | 3,100 | 95,369 |
TOTAL ASSETS | 392,907 | ' | ' | 547,686 |
Current liabilities | 425,982 | ' | ' | 104,051 |
TOTAL LIABILITIES | 426,236 | ' | ' | 443,464 |
Stockholders’ equity | -33,329 | -33,329 | ' | 104,222 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 392,907 | ' | ' | 547,686 |
Guarantors [Member] | ' | ' | ' | ' |
Condensed Balance Sheet Statements, Captions [Line Items] | ' | ' | ' | ' |
Current assets: | 139,442 | ' | ' | 150,375 |
Multi-client library, net | 191,080 | ' | ' | 309,134 |
Property and equipment, net | 78,589 | ' | ' | 92,326 |
Investment in subsidiaries | 1 | ' | ' | 1 |
Intercompany accounts | 22,283 | ' | ' | 20,589 |
Other non-current assets | 30,195 | ' | ' | 31,728 |
TOTAL ASSETS | 461,590 | ' | ' | 604,153 |
Current liabilities | 430,658 | ' | ' | 106,293 |
Long-term debt and capital lease obligations, net of current portion and unamortized discount | ' | ' | ' | 315,426 |
Deferred income tax and other non-current liabilities | 254 | ' | ' | 23,987 |
TOTAL LIABILITIES | 430,912 | ' | ' | 445,706 |
Stockholders’ equity | 30,678 | ' | ' | 158,447 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 461,590 | ' | ' | 604,153 |
Non Guarantors [Member] | ' | ' | ' | ' |
Condensed Balance Sheet Statements, Captions [Line Items] | ' | ' | ' | ' |
Current assets: | 8,001 | ' | ' | 21,761 |
Multi-client library, net | 1,350 | ' | ' | 36 |
Property and equipment, net | 1,104 | ' | ' | 3,043 |
Intercompany accounts | -22,278 | ' | ' | -20,589 |
Other non-current assets | 64 | ' | ' | 137 |
TOTAL ASSETS | -11,759 | ' | ' | 4,388 |
Current liabilities | 52,247 | ' | ' | 58,612 |
TOTAL LIABILITIES | 52,247 | ' | ' | 58,612 |
Stockholders’ equity | -64,006 | ' | ' | -54,224 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | -11,759 | ' | ' | 4,388 |
Eliminations [Member] | ' | ' | ' | ' |
Condensed Balance Sheet Statements, Captions [Line Items] | ' | ' | ' | ' |
Current assets: | -56,918 | ' | ' | -60,854 |
Investment in subsidiaries | -1 | ' | ' | -1 |
Intercompany accounts | -5 | ' | ' | ' |
TOTAL ASSETS | -56,924 | ' | ' | -60,855 |
Current liabilities | -56,923 | ' | ' | -60,854 |
TOTAL LIABILITIES | -56,923 | ' | ' | -60,854 |
Stockholders’ equity | -1 | ' | ' | -1 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | -56,924 | ' | ' | -60,855 |
Consolidated [Member] | ' | ' | ' | ' |
Condensed Balance Sheet Statements, Captions [Line Items] | ' | ' | ' | ' |
Current assets: | 90,525 | ' | ' | 111,282 |
Multi-client library, net | 192,430 | ' | ' | 309,170 |
Property and equipment, net | 79,693 | ' | ' | 95,369 |
Other non-current assets | 30,259 | ' | ' | 31,865 |
TOTAL ASSETS | 392,907 | ' | ' | 547,686 |
Current liabilities | 425,982 | ' | ' | 104,051 |
Long-term debt and capital lease obligations, net of current portion and unamortized discount | ' | ' | ' | 315,426 |
Deferred income tax and other non-current liabilities | 254 | ' | ' | 23,987 |
TOTAL LIABILITIES | 426,236 | ' | ' | 443,464 |
Stockholders’ equity | -33,329 | ' | ' | 104,222 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $392,907 | ' | ' | $547,686 |
Note_19_Guarantees_of_Register4
Note 19 - Guarantees of Registered Securities (Details) - Separate Condensed Consolidating Statements of Operations (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
STATEMENT OF OPERATIONS | ' | ' | ' | |||
Revenues | $288,659,000 | $339,429,000 | $384,809,000 | |||
Operating expenses | 261,655,000 | [1],[2] | 262,865,000 | [1],[2] | 299,168,000 | [1],[2] |
Multi-client data library impairment | 88,223,000 | ' | ' | |||
Goodwill impairment | 1,414,000 | ' | ' | |||
Multi-client data library commissions | 66,194,000 | 51,346,000 | 43,962,000 | |||
Selling, general and administrative expenses | 51,410,000 | 51,346,000 | 43,962,000 | |||
Gain or disposal of property and equipment | -8,624,000 | -15,706,000 | -1,683,000 | |||
Income (loss) from operations | -120,203,000 | 40,924,000 | 43,362,000 | |||
Income (loss) before income taxes | -157,184,000 | 5,015,000 | 17,504,000 | |||
Income tax expense (benefit) | -3,358,000 | 20,903,000 | 12,593,000 | |||
Income (loss) after income taxes | -153,826,000 | -15,888,000 | 4,911,000 | |||
Net income (loss), attributable to noncontrolling interests | -312,000 | -302,000 | -22,000 | |||
Net income (loss), attributable to common shareholders | -153,514,000 | -15,586,000 | 4,933,000 | |||
Guarantors [Member] | ' | ' | ' | |||
STATEMENT OF OPERATIONS | ' | ' | ' | |||
Revenues | 247,401,000 | 222,167,000 | 305,119,000 | |||
Operating expenses | 223,539,000 | 162,602,000 | 216,669,000 | |||
Multi-client data library impairment | 88,223,000 | ' | ' | |||
Goodwill impairment | 1,414,000 | ' | ' | |||
Multi-client data library commissions | 14,784,000 | ' | ' | |||
Selling, general and administrative expenses | 40,815,000 | 27,492,000 | 32,686,000 | |||
Gain or disposal of property and equipment | -8,624,000 | -15,446,000 | -885,000 | |||
Income (loss) from operations | -112,750,000 | 47,519,000 | 56,649,000 | |||
Interest income (expense), net | -35,693,000 | -31,764,000 | -25,347,000 | |||
Other income (expense), net | -446,000 | -2,255,000 | 910,000 | |||
Income (loss) before income taxes | -148,889,000 | 13,500,000 | 32,212,000 | |||
Income tax expense (benefit) | -4,846,000 | 15,670,000 | 9,213,000 | |||
Income (loss) after income taxes | -144,043,000 | -2,170,000 | 22,999,000 | |||
Net income (loss), attributable to noncontrolling interests | -312,000 | -302,000 | -22,000 | |||
Net income (loss), attributable to common shareholders | -143,731,000 | -1,868,000 | 23,021,000 | |||
Non Guarantors [Member] | ' | ' | ' | |||
STATEMENT OF OPERATIONS | ' | ' | ' | |||
Revenues | 48,887,000 | 127,402,000 | 89,133,000 | |||
Operating expenses | 44,788,000 | 109,213,000 | 90,887,000 | |||
Selling, general and administrative expenses | 11,552,000 | 25,043,000 | 12,331,000 | |||
Gain or disposal of property and equipment | ' | -260,000 | -798,000 | |||
Income (loss) from operations | -7,453,000 | -6,594,000 | -13,287,000 | |||
Interest income (expense), net | -152,000 | 14,000 | 18,000 | |||
Other income (expense), net | -690,000 | -1,905,000 | -1,439,000 | |||
Income (loss) before income taxes | -8,295,000 | -8,485,000 | -14,708,000 | |||
Income tax expense (benefit) | 1,488,000 | 5,233,000 | 3,380,000 | |||
Income (loss) after income taxes | -9,783,000 | -13,718,000 | -18,088,000 | |||
Net income (loss), attributable to common shareholders | -9,783,000 | -13,718,000 | -18,088,000 | |||
Eliminations [Member] | ' | ' | ' | |||
STATEMENT OF OPERATIONS | ' | ' | ' | |||
Revenues | -7,629,000 | -10,140,000 | -9,443,000 | |||
Operating expenses | -6,672,000 | -8,950,000 | -8,388,000 | |||
Selling, general and administrative expenses | -957,000 | -1,189,000 | -1,055,000 | |||
Income (loss) from operations | ' | -1,000 | ' | |||
Other income (expense), net | ' | 1,000 | ' | |||
Consolidated [Member] | ' | ' | ' | |||
STATEMENT OF OPERATIONS | ' | ' | ' | |||
Revenues | 288,659,000 | 339,429,000 | 384,809,000 | |||
Operating expenses | 261,655,000 | 262,865,000 | 299,168,000 | |||
Multi-client data library impairment | 88,223,000 | ' | ' | |||
Goodwill impairment | 1,414,000 | ' | ' | |||
Multi-client data library commissions | 14,784,000 | ' | ' | |||
Selling, general and administrative expenses | 51,410,000 | 51,346,000 | 43,962,000 | |||
Gain or disposal of property and equipment | -8,624,000 | -15,706,000 | -1,683,000 | |||
Income (loss) from operations | -120,203,000 | 40,924,000 | 43,362,000 | |||
Interest income (expense), net | -35,845,000 | -31,750,000 | -25,329,000 | |||
Other income (expense), net | -1,136,000 | -4,159,000 | -529,000 | |||
Income (loss) before income taxes | -157,184,000 | 5,015,000 | 17,504,000 | |||
Income tax expense (benefit) | -3,358,000 | 20,903,000 | 12,593,000 | |||
Income (loss) after income taxes | -153,826,000 | -15,888,000 | 4,911,000 | |||
Net income (loss), attributable to noncontrolling interests | -312,000 | -302,000 | -22,000 | |||
Net income (loss), attributable to common shareholders | ($153,514,000) | ($15,586,000) | $4,933,000 | |||
[1] | Corporate operating expenses represent depreciation expense, (net) associated with the assets used during the period. | |||||
[2] | Multi-client Services operating expenses represent data library revenue and backstop amortization expense. |
Note_19_Guarantees_of_Register5
Note 19 - Guarantees of Registered Securities (Details) - Separate Condensed Consolidating Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | $58,160 | $121,984 | $135,101 |
Net cash provided by (used in) investing activities | -60,669 | -167,057 | -199,944 |
Net cash provided (Used) by financing activities | -1,950 | 46,907 | 58,131 |
Net (decrease) increase in cash and cash equivalents | -4,459 | 1,834 | -6,712 |
Guarantors [Member] | ' | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | 62,674 | 117,016 | 127,309 |
Net cash provided by (used in) investing activities | -58,612 | -158,955 | -195,728 |
Net cash provided (Used) by financing activities | -3,356 | 49,161 | 55,701 |
Net (decrease) increase in cash and cash equivalents | 706 | 7,222 | -12,718 |
Non Guarantors [Member] | ' | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | -4,514 | 4,968 | 7,792 |
Net cash provided by (used in) investing activities | -2,057 | -8,102 | -4,216 |
Net cash provided (Used) by financing activities | 1,406 | -2,254 | 2,430 |
Net (decrease) increase in cash and cash equivalents | -5,165 | -5,388 | 6,006 |
Consolidated [Member] | ' | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | 58,160 | 121,984 | 135,101 |
Net cash provided by (used in) investing activities | -60,669 | -167,057 | -199,944 |
Net cash provided (Used) by financing activities | -1,950 | 46,907 | 58,131 |
Net (decrease) increase in cash and cash equivalents | ($4,459) | $1,834 | ($6,712) |
Note_20_Subsequent_Events_Deta
Note 20 - Subsequent Events (Details) (Subsequent Event [Member], USD $) | 1 Months Ended | 1 Months Ended | |||||||||||||||||
In Millions, unless otherwise specified | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Apr. 30, 2014 | Jan. 31, 2014 | Apr. 14, 2014 | Jan. 31, 2014 | Apr. 14, 2014 | Jan. 31, 2014 | Apr. 30, 2014 | Apr. 14, 2014 | Apr. 30, 2014 |
Option One [Member] | Option One [Member] | Option One [Member] | Option Two [Member] | Option Two [Member] | Option Two [Member] | Option Two [Member] | Option Two [Member] | Option Two [Member] | Term A Loans [Member] | Term B Loans [Member] | Initial DIP Loan [Member] | Initial DIP Loan [Member] | Final DIP Loan [Member] | Final DIP Loan [Member] | Initial DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | ||
London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term A Loans [Member] | Term B Loans [Member] | Initial DIP Loan [Member] | Final DIP Loan [Member] | Final DIP Loan [Member] | Initial DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | Initial DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | |||||
Term A Loans [Member] | Term B Loans [Member] | Initial DIP Loan [Member] | Term A Loans [Member] | Term B Loans [Member] | Initial DIP Loan [Member] | Final DIP Loan [Member] | Final DIP Loan [Member] | Replacement DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | |||||||||
Final DIP Loan [Member] | Final DIP Loan [Member] | Replacement DIP Credit Facility [Member] | Final DIP Loan [Member] | Final DIP Loan [Member] | Replacement DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | ||||||||||||
Replacement DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | Replacement DIP Credit Facility [Member] | ||||||||||||||||
Note 20 - Subsequent Events (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debtor-in-Possession Financing, Amount Arranged (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $35 | $91.90 | $25 | $25 | $35 | $126.90 | $60 | ' | $151.90 | ' |
Debt Instrument, Basis Spread on Variable Rate | 8.50% | 10.50% | 8.50% | 1.00% | 1.00% | 1.00% | 7.50% | 9.50% | 7.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Floor on Variable Rate | 1.50% | 1.50% | 1.50% | 2.50% | 2.50% | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Additional Default Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' |
Debtor-in-Possession Financing, Maturity Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '45 days |
Budget Variance Covenant Cushion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% |
Note_21_Restatement_of_Consoli2
Note 21 - Restatement of Consolidated Financial Statements (Details) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Decrease [Member] | Decrease [Member] | Understated [Member] | Understated [Member] | Performance Shares [Member] | ||||
Performance Shares [Member] | Customer Discounts [Member] | |||||||||||||||||||||
Note 21 - Restatement of Consolidated Financial Statements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Multi Client Library Net | $192,430,000 | $309,170,000 | ' | ' | ' | $4,900,000 | ' | $1,900,000 | $279,183,000 | $291,005,000 | $291,197,000 | $309,067,000 | $288,793,000 | $272,790,000 | $253,728,000 | $309,067,000 | ' | ' | ' | ' | ' | ' |
Other Nonoperating Gains (Losses) | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | ' | ' | ' | ' | ' | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,600,000 |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | -157,184,000 | 5,015,000 | 17,504,000 | -98,271,000 | ' | ' | ' | ' | -24,649,000 | -21,303,000 | -13,237,000 | -20,868,000 | 10,822,000 | 4,202,000 | 12,469,000 | 6,625,000 | 19,120,000 | 300,000 | 100,000 | ' | ' | ' |
Operating Costs and Expenses | ' | ' | ' | 49,424,000 | ' | ' | ' | ' | 38,750,000 | 22,676,000 | 20,221,000 | 25,177,000 | 17,164,000 | 40,399,000 | 40,797,000 | ' | ' | ' | ' | 200,000 | 200,000 | ' |
Liabilities, Fair Value Adjustment | ' | ' | ' | ' | $400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_21_Restatement_of_Consoli3
Note 21 - Restatement of Consolidated Financial Statements (Details) - Impact of Adjustments on Quarterly Financial Information, Statement of Financial Position (USD $) | Dec. 31, 2013 | Dec. 30, 2013 | 31-May-13 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | ||||||
Revenue Recognition [Member] | Research and Development [Member] | Sales Tax [Member] | Multi-Client Library [Member] | Contingent Consideration [Member] | |||||||||||||||||
CURRENT ASSETS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | $18,900 | ' | ' | $23,359 | $21,525 | $28,237 | $16,774 | $10,681 | $32,332 | $23,359 | $23,569 | $23,940 | $26,988 | ' | ' | ' | ' | ' | $23,359 | ' | ' |
Restricted cash investments | ' | ' | ' | ' | ' | ' | 985 | 1,440 | 1,650 | 1,830 | 2,318 | 2,821 | 2,821 | ' | ' | ' | ' | ' | 1,830 | ' | ' |
Accounts receivable, net | 51,080 | ' | ' | 51,381 | ' | ' | 40,162 | 43,153 | 47,422 | 51,766 | 77,060 | 76,869 | 81,254 | ' | ' | ' | ' | -385 | 51,381 | ' | ' |
Inventory | 107 | ' | ' | 11,864 | ' | ' | ' | 5,025 | 11,219 | 11,864 | 11,229 | ' | ' | ' | ' | ' | ' | ' | 11,864 | ' | ' |
Income and other taxes receivable | ' | ' | ' | 1,472 | ' | ' | 386 | 815 | 1,472 | 1,472 | 1,827 | 3,385 | 6,197 | ' | ' | ' | ' | ' | 1,472 | ' | ' |
Mobilization costs, net | 13,051 | ' | ' | 894 | ' | ' | 6,139 | 4,830 | 4,481 | 998 | 1,428 | 517 | 3,539 | ' | -104 | ' | ' | ' | 894 | ' | ' |
Current deferred tax asset | ' | ' | ' | 12,673 | ' | ' | ' | 12,673 | 12,673 | 12,673 | ' | ' | ' | ' | ' | ' | ' | ' | 12,673 | ' | ' |
Prepaid expenses and other current assets | 6,402 | ' | ' | 7,809 | ' | ' | ' | ' | ' | 7,809 | ' | ' | ' | ' | ' | ' | ' | ' | 7,809 | ' | ' |
TOTAL CURRENT ASSETS | 90,525 | ' | ' | 111,282 | ' | ' | 67,630 | 89,758 | 117,438 | 111,771 | 126,786 | 114,602 | 121,394 | ' | -104 | ' | ' | -385 | 111,282 | ' | ' |
MULTI-CLIENT LIBRARY, net | 192,430 | ' | ' | 309,170 | ' | ' | 279,183 | 291,005 | 291,197 | 309,067 | 288,793 | 272,790 | 253,728 | ' | ' | ' | ' | 103 | 309,170 | 4,900 | ' |
PROPERTY AND EQUIPMENT, net | 79,693 | ' | 3,100 | 95,369 | ' | ' | 89,614 | 91,502 | 94,093 | 100,172 | 108,155 | 116,512 | 113,456 | ' | ' | -5,058 | 309 | -54 | 95,369 | ' | ' |
GOODWILL IMPAIRMENT | 10,967 | ' | ' | 12,381 | ' | ' | 11,342 | 12,381 | 12,381 | 12,381 | 12,381 | 12,381 | 12,381 | ' | ' | ' | ' | ' | 12,381 | ' | ' |
INTANGIBLE ASSETS, net | 10,291 | ' | ' | 13,083 | ' | ' | 10,859 | 11,745 | 12,369 | 13,083 | 13,726 | 14,248 | 14,714 | ' | ' | ' | ' | ' | 13,083 | ' | ' |
DEBT ISSUANCE COSTS, net | 8,801 | ' | ' | 5,689 | ' | ' | ' | ' | ' | 5,689 | ' | ' | ' | ' | ' | ' | ' | ' | 5,689 | ' | ' |
OTHER ASSETS | 200 | ' | ' | 712 | ' | ' | 630 | 837 | 678 | 712 | 570 | 1,997 | 1,856 | ' | ' | ' | ' | ' | 712 | ' | ' |
TOTAL ASSETS | 392,907 | ' | ' | 547,686 | ' | ' | 468,663 | 502,452 | 533,541 | 552,875 | 556,397 | 538,369 | 523,597 | ' | -104 | -5,058 | 309 | -336 | 547,686 | ' | ' |
CURRENT LIABILITIES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable and accrued expenses | 48,682 | ' | ' | 44,850 | ' | ' | 43,779 | 37,609 | 48,400 | 42,597 | 50,276 | 41,306 | 53,946 | ' | ' | ' | 2,254 | -1 | 44,850 | ' | ' |
Current portion of long-term debt | 336,542 | ' | ' | 22,970 | ' | ' | 10,252 | 92,431 | 17,198 | 22,970 | 15,004 | 13,896 | 14,357 | ' | ' | ' | ' | ' | 22,970 | ' | ' |
Current portion of capital lease obligations | 5,764 | ' | ' | 5,639 | ' | ' | 3,990 | 4,410 | 4,449 | 5,639 | 5,145 | 6,300 | 6,682 | ' | ' | ' | ' | ' | 5,639 | ' | ' |
Income and other taxes payable | 7,144 | ' | ' | 5,035 | ' | ' | 2,436 | 2,491 | 2,280 | 3,563 | 3,144 | 3,020 | 2,551 | ' | ' | ' | ' | 1,472 | 5,035 | ' | ' |
Deferred revenue | 26,361 | ' | ' | 22,498 | ' | ' | 10,364 | 13,111 | 20,100 | 22,498 | 22,848 | 38,601 | 43,711 | ' | ' | ' | ' | ' | 22,498 | ' | ' |
Other payables | 1,489 | ' | ' | 3,059 | ' | ' | 1,465 | 1,666 | 1,814 | 3,059 | 4,426 | 4,069 | 3,749 | ' | ' | ' | ' | ' | 3,059 | ' | ' |
TOTAL CURRENT LIABILITIES | 425,982 | ' | ' | 104,051 | ' | ' | 72,286 | 151,718 | 94,241 | 100,326 | 100,843 | 107,192 | 124,996 | ' | ' | ' | 2,254 | 1,471 | 104,051 | ' | ' |
DEFERRED INCOME TAXES, net | ' | ' | ' | ' | ' | ' | 3,005 | 17,396 | 24,521 | 27,073 | 7,862 | 5,465 | 6,122 | ' | ' | ' | ' | -5,333 | 21,740 | ' | ' |
LONG-TERM DEBT, net of current portion and unamortized discount | ' | ' | ' | 311,250 | ' | ' | 327,325 | 244,191 | 311,366 | 311,250 | 310,941 | 296,201 | 266,908 | ' | ' | ' | ' | ' | 311,250 | ' | ' |
CAPITAL LEASE OBLIGATIONS, net of current portion | ' | ' | ' | 4,176 | ' | ' | 2,849 | 3,494 | 3,402 | 4,176 | 883 | 1,106 | 1,411 | ' | ' | ' | ' | ' | 4,176 | ' | ' |
NON-CONTROLLING INTERESTS | ' | ' | ' | 1,167 | ' | ' | 856 | 758 | 873 | 997 | 1,360 | 1,209 | 1,259 | ' | ' | ' | ' | 170 | 1,167 | ' | ' |
OTHER LIABILITIES | 254 | ' | ' | 1,080 | ' | ' | 970 | 958 | 981 | 1,505 | ' | 750 | 750 | ' | ' | ' | ' | -425 | 1,080 | ' | ' |
TOTAL LIABILITIES | 426,236 | ' | ' | 443,464 | ' | ' | 407,291 | 418,515 | 435,384 | 445,327 | 421,889 | 411,923 | 401,446 | ' | ' | ' | 2,254 | -4,117 | 443,464 | ' | ' |
STOCKHOLDERS’ EQUITY (DEFICIT) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock | 485 | ' | ' | 476 | ' | ' | ' | ' | ' | 476 | ' | ' | ' | ' | ' | ' | ' | ' | 476 | ' | ' |
Additional paid-in capital | 269,421 | ' | ' | 253,415 | ' | ' | 258,761 | 257,128 | 255,563 | 253,415 | 251,763 | 249,509 | 247,763 | ' | ' | ' | ' | ' | 253,415 | ' | ' |
Accumulated deficit | -206,704 | ' | ' | -53,141 | ' | ' | -101,342 | -77,143 | -61,357 | -49,815 | -21,201 | -27,008 | -29,554 | ' | -104 | -5,058 | -1,945 | 3,781 | -53,141 | ' | ' |
63,202 | ' | ' | 200,750 | ' | ' | 157,902 | 180,467 | 194,687 | 204,076 | 231,035 | 222,972 | 218,677 | ' | -104 | -5,058 | -1,945 | 3,781 | 200,750 | ' | ' | |
Less: treasury stock | 96,531 | ' | ' | 96,528 | ' | ' | 96,530 | 96,530 | 96,530 | 96,528 | 96,527 | 96,526 | 96,526 | ' | ' | ' | ' | ' | 96,528 | ' | ' |
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | -33,329 | -33,329 | ' | 104,222 | ' | ' | 61,372 | 83,937 | 98,157 | 107,548 | 134,508 | 126,446 | 122,151 | 101,857 | -104 | -5,058 | -1,945 | 3,781 | 104,222 | ' | -342 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $392,907 | ' | ' | $547,686 | ' | ' | $468,663 | $502,452 | $533,541 | $552,875 | $556,397 | $538,369 | $523,597 | ' | ($104) | ($5,058) | $309 | ($336) | $547,686 | ' | ' |
Note_21_Restatement_of_Consoli4
Note 21 - Restatement of Consolidated Financial Statements (Details) - Impact of Adjustments on Quarterly Financial Information, Statement of Operations (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | ||||||||||||||||||||||||||||||||||||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 31, 2013 | |||
Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | |||||||
Research and Development [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Multi-Client Library [Member] | Multi-Client Library [Member] | Contingent Consideration [Member] | Contingent Consideration [Member] | |||||||||||||||||
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Proprietary Revenues | ' | ' | ' | ' | $41,407,000 | $26,774,000 | $27,437,000 | $28,890,000 | $30,173,000 | $58,578,000 | $64,835,000 | $182,476,000 | $207,921,000 | ($5,008,000) | ($651,000) | ' | $8,731,000 | ($7,991,000) | $398,000 | $1,138,000 | ($853,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($101,000) | ' | $183,513,000 | $207,068,000 | $61,104,000 | |||
Multi-client Data Library Pre-commitments | ' | ' | ' | ' | 14,481,000 | 14,098,000 | 28,282,000 | 20,828,000 | 48,476,000 | 25,801,000 | 16,575,000 | 111,680,000 | 127,136,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -592,000 | 307,000 | 111,088,000 | 127,443,000 | 2,621,000 | |||
Multi-client Data Library Late Sales | ' | ' | ' | ' | 14,145,000 | 22,480,000 | 27,690,000 | 5,569,000 | 11,565,000 | 12,993,000 | 14,701,000 | 44,828,000 | 50,298,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,828,000 | 50,298,000 | 13,414,000 | |||
TOTAL REVENUES | 288,659,000 | 339,429,000 | 384,809,000 | ' | 70,033,000 | 63,352,000 | 83,409,000 | 55,287,000 | 90,214,000 | 97,372,000 | 96,111,000 | 338,984,000 | 385,355,000 | -5,008,000 | -651,000 | ' | 8,731,000 | -7,991,000 | 398,000 | 1,138,000 | -853,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -693,000 | 307,000 | 339,429,000 | 384,809,000 | 77,139,000 | |||
OPERATING EXPENSES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating Costs | 129,187,000 | 131,039,000 | 158,888,000 | ' | ' | ' | ' | ' | ' | ' | ' | 123,537,000 | 155,728,000 | ' | ' | ' | ' | ' | ' | 516,000 | -399,000 | ' | ' | ' | ' | ' | ' | 1,491,000 | 974,000 | ' | ' | ' | ' | ' | ' | ' | ' | 307,000 | 5,495,000 | 2,278,000 | 131,039,000 | 158,888,000 | ' | |||
Multi-client Data Library Revenue Amortization | ' | ' | ' | ' | 23,166,000 | 24,454,000 | 34,562,000 | 17,726,000 | 37,412,000 | 25,772,000 | 22,356,000 | 103,266,000 | 112,668,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -385,000 | 134,000 | 102,881,000 | 112,802,000 | 17,446,000 | |||
Depreciation & Other Amortization | 32,589,000 | 28,945,000 | 27,478,000 | ' | 9,233,000 | 8,457,000 | 7,231,000 | 9,733,000 | 5,727,000 | 6,262,000 | 6,964,000 | 28,686,000 | 27,152,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,000 | 48,000 | 50,000 | 50,000 | 58,000 | 58,000 | 69,000 | 234,000 | 322,000 | 25,000 | 4,000 | 28,945,000 | 27,478,000 | 7,954,000 | |||
TOTAL OPERATING EXPENSES | 261,655,000 | [1],[2] | 262,865,000 | [1],[2] | 299,168,000 | [1],[2] | 162,000 | 71,149,000 | 55,587,000 | 62,014,000 | 52,636,000 | 60,303,000 | 72,433,000 | 70,117,000 | 255,489,000 | 295,548,000 | -3,789,000 | -1,462,000 | -2,000 | 7,712,000 | -7,247,000 | 50,000 | 516,000 | -399,000 | 122,000 | -420,000 | 693,000 | 156,000 | 608,000 | 34,000 | 1,491,000 | 974,000 | 44,000 | 48,000 | 50,000 | 50,000 | 58,000 | 58,000 | 69,000 | 234,000 | 629,000 | 5,135,000 | 2,416,000 | 262,865,000 | 299,168,000 | 74,824,000 |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 51,410,000 | 51,346,000 | 43,962,000 | ' | 11,460,000 | 14,677,000 | 16,040,000 | 18,256,000 | 10,867,000 | 12,086,000 | 15,541,000 | 56,750,000 | 46,582,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,404,000 | -2,620,000 | 51,346,000 | 43,962,000 | 11,668,000 | |||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | -8,624,000 | -15,706,000 | -1,683,000 | ' | 3,455,000 | 289,000 | 2,636,000 | 3,594,000 | 2,231,000 | 458,000 | 9,423,000 | -15,706,000 | -1,683,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -15,706,000 | -1,683,000 | 987,000 | |||
INCOME (LOSS) FROM OPERATIONS | -120,203,000 | 40,924,000 | 43,362,000 | -162,000 | -15,333,000 | -12,555,000 | -5,001,000 | -12,011,000 | 21,275,000 | 13,311,000 | 19,876,000 | 42,451,000 | 44,908,000 | -1,219,000 | 811,000 | 2,000 | 1,019,000 | -744,000 | 348,000 | 622,000 | -454,000 | -122,000 | 420,000 | -693,000 | -156,000 | -608,000 | -34,000 | -1,491,000 | -974,000 | -44,000 | -48,000 | -50,000 | -50,000 | -58,000 | -58,000 | -69,000 | -234,000 | -629,000 | -424,000 | 511,000 | 40,924,000 | 43,362,000 | -87,650,000 | |||
OTHER EXPENSE | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Interest expense, net | -35,845,000 | -31,750,000 | -25,329,000 | ' | 8,884,000 | 8,430,000 | 8,369,000 | 8,322,000 | 8,295,000 | 7,934,000 | 7,115,000 | -31,666,000 | -25,259,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 24,000 | -84,000 | -70,000 | ' | ' | -31,750,000 | -25,329,000 | 10,103,000 | |||
Foreign exchange loss | -439,000 | -1,688,000 | -311,000 | ' | -310,000 | -133,000 | 176,000 | -433,000 | -206,000 | -939,000 | -110,000 | -1,688,000 | -311,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,688,000 | -311,000 | -172,000 | |||
Other expense | -697,000 | -2,471,000 | -218,000 | ' | 122,000 | 185,000 | 43,000 | 102,000 | 1,952,000 | 236,000 | 182,000 | -2,472,000 | -218,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | ' | -2,471,000 | -218,000 | 346,000 | |||
TOTAL OTHER EXPENSE | -36,981,000 | -35,909,000 | -25,858,000 | ' | 9,316,000 | 8,748,000 | 8,236,000 | 8,857,000 | 10,453,000 | 9,109,000 | 7,407,000 | -35,826,000 | -25,788,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 24,000 | -84,000 | -70,000 | 1,000 | ' | -35,909,000 | -25,858,000 | 10,621,000 | |||
INCOME (LOSS) BEFORE INCOME TAXES | -157,184,000 | 5,015,000 | 17,504,000 | -162,000 | -24,649,000 | -21,303,000 | -13,237,000 | -20,868,000 | 10,822,000 | 4,202,000 | 12,469,000 | 6,625,000 | 19,120,000 | -1,219,000 | 811,000 | 2,000 | 1,019,000 | -744,000 | 348,000 | 622,000 | -454,000 | -122,000 | 420,000 | -693,000 | -156,000 | -608,000 | -34,000 | -1,491,000 | -974,000 | -64,000 | -68,000 | -70,000 | -70,000 | -78,000 | -78,000 | -93,000 | -318,000 | -699,000 | -423,000 | 511,000 | 5,015,000 | 17,504,000 | -98,271,000 | |||
INCOME TAX EXPENSE | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Current | ' | ' | ' | ' | -548,000 | -5,402,000 | -1,570,000 | -4,171,000 | 4,864,000 | 1,706,000 | 5,749,000 | 8,148,000 | 9,329,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,052,000 | -309,000 | 9,200,000 | 9,020,000 | -1,507,000 | |||
Deferred | -9,321,000 | 11,139,000 | 4,048,000 | ' | ' | ' | ' | 12,280,000 | ' | ' | ' | 12,280,000 | 4,151,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -577,000 | -578,000 | 11,703,000 | 3,573,000 | 1,855,000 | |||
TOTAL INCOME TAX EXPENSE (BENEFIT) | -3,358,000 | 20,903,000 | 12,593,000 | ' | -548,000 | -5,402,000 | -1,570,000 | 8,109,000 | 4,864,000 | 1,706,000 | 5,749,000 | 20,428,000 | 13,480,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 475,000 | -887,000 | 20,903,000 | 12,593,000 | 348,000 | |||
INCOME (LOSS) AFTER INCOME TAXES | -153,826,000 | -15,888,000 | 4,911,000 | -162,000 | -24,101,000 | -15,901,000 | -11,667,000 | -28,977,000 | 5,958,000 | 2,496,000 | 6,720,000 | -13,803,000 | 5,640,000 | -1,219,000 | 811,000 | 2,000 | 1,019,000 | -744,000 | 348,000 | 622,000 | -454,000 | -122,000 | 420,000 | -693,000 | -156,000 | -608,000 | -34,000 | -1,491,000 | -974,000 | -64,000 | -68,000 | -70,000 | -70,000 | -78,000 | -78,000 | -93,000 | -318,000 | -699,000 | -898,000 | 1,398,000 | -15,888,000 | 4,911,000 | -98,619,000 | |||
NET INCOME (LOSS), attributable to non-controlling interests | -312,000 | -302,000 | -22,000 | ' | 98,000 | -115,000 | -125,000 | -363,000 | 151,000 | -50,000 | -210,000 | -472,000 | -22,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 170,000 | ' | -302,000 | -22,000 | ' | |||
NET INCOME (LOSS), attributable to common shareholders | ($153,514,000) | ($15,586,000) | $4,933,000 | ($162,000) | ($24,199,000) | ($15,786,000) | ($11,542,000) | ($28,614,000) | $5,807,000 | $2,546,000 | $6,930,000 | ($13,331,000) | $5,662,000 | ($1,219,000) | $811,000 | $2,000 | $1,019,000 | ($744,000) | $348,000 | $622,000 | ($454,000) | ($122,000) | $420,000 | ($693,000) | ($156,000) | ($608,000) | ($34,000) | ($1,491,000) | ($974,000) | ($64,000) | ($68,000) | ($70,000) | ($70,000) | ($78,000) | ($78,000) | ($93,000) | ($318,000) | ($699,000) | ($1,068,000) | $1,398,000 | ($15,586,000) | $4,933,000 | ($98,619,000) | |||
INCOME (LOSS) PER COMMON SHARE | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
INCOME (LOSS) PER COMMON SHARE, Basic (in Dollars per share) | ($4.03) | ($0.42) | $0.13 | $0 | ($0.64) | ($0.42) | ($0.31) | ($0.76) | $0.16 | $0.07 | $0.19 | ($0.36) | $0.15 | ($0.03) | $0.02 | $0 | $0.03 | ($0.02) | $0.01 | $0.02 | ($0.01) | $0 | $0.01 | ($0.02) | $0 | ($0.02) | $0 | ($0.04) | ($0.03) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ($0.01) | ($0.02) | ($0.03) | $0.04 | ($0.42) | $0.13 | ($2.58) | |||
INCOME (LOSS) PER COMMON SHARE, Diluted (in Dollars per share) | ($4.03) | ($0.42) | $0.13 | $0 | ($0.64) | ($0.42) | ($0.31) | ($0.76) | $0.16 | $0.07 | $0.19 | ($0.36) | $0.15 | ($0.03) | $0.02 | $0 | $0.03 | ($0.02) | $0.01 | $0.02 | ($0.01) | $0 | $0.01 | ($0.02) | $0 | ($0.02) | $0 | ($0.04) | ($0.03) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ($0.01) | ($0.02) | ($0.03) | $0.04 | ($0.42) | $0.13 | ($2.58) | |||
WEIGHTED AVERAGE SHARES OUTSTANDING | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
WEIGHTED AVERAGE SHARES OUTSTANDING, Basic (in Shares) | 38,049 | 37,319 | 36,666 | ' | 38,087 | 37,985 | 37,756 | 37,516 | 37,450 | 37,247 | 37,039 | 37,319 | 36,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,319 | 36,666 | 38,253 | |||
WEIGHTED AVERAGE SHARES OUTSTANDING, Diluted (in Shares) | 38,049 | 37,319 | 36,666 | ' | 38,087 | 37,985 | 37,756 | 37,516 | 37,450 | 37,247 | 37,039 | 37,319 | 36,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,319 | 36,666 | 38,253 | |||
[1] | Corporate operating expenses represent depreciation expense, (net) associated with the assets used during the period. | |||||||||||||||||||||||||||||||||||||||||||||
[2] | Multi-client Services operating expenses represent data library revenue and backstop amortization expense. |
Note_22_Unaudited_Quarterly_Fi2
Note 22 - Unaudited Quarterly Financial Data (Details) - Unaudited Quarterly Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 30, 2013 | 31-May-13 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2010 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 30, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 |
In Thousands, unless otherwise specified | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restatement Adjustment [Member] | Restated [Member] | Restated [Member] | Restated [Member] | Restated [Member] | Restated [Member] | Restated [Member] | ||||||
Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | ||||||||||||||||||||||||
CURRENT ASSETS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | $18,900 | ' | ' | $23,359 | $21,525 | $28,237 | $16,774 | $10,681 | $32,332 | $23,359 | $23,569 | $23,940 | $26,988 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $16,774 | $10,681 | $32,332 | $23,569 | $23,940 | $26,988 |
Restricted cash investments | ' | ' | ' | ' | ' | ' | 985 | 1,440 | 1,650 | 1,830 | 2,318 | 2,821 | 2,821 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 985 | 1,440 | 1,650 | 2,318 | 2,821 | 2,821 |
Accounts receivable, net | 51,080 | ' | ' | 51,381 | ' | ' | 40,162 | 43,153 | 47,422 | 51,766 | 77,060 | 76,869 | 81,254 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,162 | 43,153 | 47,422 | 77,060 | 76,869 | 81,254 |
Inventory | 107 | ' | ' | 11,864 | ' | ' | ' | 5,025 | 11,219 | 11,864 | 11,229 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,025 | 11,219 | 11,229 | ' | ' |
Income and other taxes receivable | ' | ' | ' | 1,472 | ' | ' | 386 | 815 | 1,472 | 1,472 | 1,827 | 3,385 | 6,197 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 386 | 815 | 1,472 | 1,827 | 3,385 | 6,197 |
Mobilization costs, net | 13,051 | ' | ' | 894 | ' | ' | 6,139 | 4,830 | 4,481 | 998 | 1,428 | 517 | 3,539 | ' | 5,149 | 1,360 | -102 | -104 | 7,609 | 362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,288 | 6,190 | 4,379 | 1,324 | 8,126 | 3,901 |
Current deferred tax asset | ' | ' | ' | 12,673 | ' | ' | ' | 12,673 | 12,673 | 12,673 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,673 | 12,673 | ' | ' | ' |
Prepaid expenses and other current assets | ' | ' | ' | ' | ' | ' | 3,184 | 11,141 | 6,189 | ' | 9,355 | 7,070 | 595 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,184 | 11,141 | 6,189 | 9,355 | 7,070 | 595 |
Total current assets | 90,525 | ' | ' | 111,282 | ' | ' | 67,630 | 89,758 | 117,438 | 111,771 | 126,786 | 114,602 | 121,394 | ' | 5,149 | 1,360 | -102 | -104 | 7,609 | 362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72,779 | 91,118 | 117,336 | 126,682 | 122,211 | 121,756 |
Multi-client library, net | 192,430 | ' | ' | 309,170 | ' | ' | 279,183 | 291,005 | 291,197 | 309,067 | 288,793 | 272,790 | 253,728 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -151 | -129 | -190 | -114 | -114 | -102 | ' | ' | ' | 279,032 | 290,876 | 291,007 | 288,679 | 272,676 | 253,626 |
Property and equipment, net | 79,693 | ' | 3,100 | 95,369 | ' | ' | 89,614 | 91,502 | 94,093 | 100,172 | 108,155 | 116,512 | 113,456 | ' | ' | ' | ' | ' | ' | ' | -4,922 | -4,800 | -4,638 | -4,365 | -4,209 | -3,601 | 167 | 211 | 259 | 359 | 417 | 475 | 1,268 | -214 | -125 | -29 | -10 | -6 | ' | ' | ' | 86,127 | 86,699 | 89,589 | 104,120 | 112,710 | 110,324 |
Goodwill | 10,967 | ' | ' | 12,381 | ' | ' | 11,342 | 12,381 | 12,381 | 12,381 | 12,381 | 12,381 | 12,381 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,342 | 12,381 | 12,381 | 12,381 | 12,381 | 12,381 |
Intangible assets, net | 10,291 | ' | ' | 13,083 | ' | ' | 10,859 | 11,745 | 12,369 | 13,083 | 13,726 | 14,248 | 14,714 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,859 | 11,745 | 12,369 | 13,726 | 14,248 | 14,714 |
DEBT ISSUANCE COSTS, net | ' | ' | ' | ' | ' | ' | 9,405 | 5,224 | 5,385 | ' | 5,986 | 5,839 | 6,068 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,405 | 5,224 | 5,385 | 5,986 | 5,839 | 6,068 |
Other assets | 200 | ' | ' | 712 | ' | ' | 630 | 837 | 678 | 712 | 570 | 1,997 | 1,856 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | 630 | 837 | 678 | 570 | 2,000 | 1,856 |
Total assets | 392,907 | ' | ' | 547,686 | ' | ' | 468,663 | 502,452 | 533,541 | 552,875 | 556,397 | 538,369 | 523,597 | ' | 5,149 | 1,360 | -102 | -104 | 7,609 | 362 | -4,922 | -4,800 | -4,638 | -4,365 | -4,209 | -3,601 | 167 | 211 | 259 | 359 | 417 | 475 | 1,117 | -343 | -315 | -143 | -121 | -108 | ' | ' | ' | 470,174 | 498,880 | 528,745 | 552,144 | 542,065 | 520,725 |
CURRENT LIABILITIES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable and accrued expenses | 48,682 | ' | ' | 44,850 | ' | ' | 43,779 | 37,609 | 48,400 | 42,597 | 50,276 | 41,306 | 53,946 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,314 | 2,294 | 2,274 | 2,234 | 2,214 | 2,195 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46,093 | 39,903 | 50,674 | 52,510 | 43,520 | 56,141 |
Current portion of long-term debt | 336,542 | ' | ' | 22,970 | ' | ' | 10,252 | 92,431 | 17,198 | 22,970 | 15,004 | 13,896 | 14,357 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,252 | 92,431 | 17,198 | 15,004 | 13,896 | 14,357 |
Current portion of capital lease obligations | 5,764 | ' | ' | 5,639 | ' | ' | 3,990 | 4,410 | 4,449 | 5,639 | 5,145 | 6,300 | 6,682 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,990 | 4,410 | 4,449 | 5,145 | 6,300 | 6,682 |
Income and other taxes payable | 7,144 | ' | ' | 5,035 | ' | ' | 2,436 | 2,491 | 2,280 | 3,563 | 3,144 | 3,020 | 2,551 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,472 | 1,472 | 1,472 | 420 | 420 | 420 | ' | ' | ' | 3,908 | 3,963 | 3,752 | 3,564 | 3,440 | 2,971 |
Deferred revenue | 26,361 | ' | ' | 22,498 | ' | ' | 10,364 | 13,111 | 20,100 | 22,498 | 22,848 | 38,601 | 43,711 | ' | 5,659 | 651 | ' | ' | 8,731 | 740 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,023 | 13,762 | 20,100 | 22,848 | 47,332 | 44,451 |
Other payables | 1,489 | ' | ' | 3,059 | ' | ' | 1,465 | 1,666 | 1,814 | 3,059 | 4,426 | 4,069 | 3,749 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,465 | 1,666 | 1,814 | 4,426 | 4,069 | 3,749 |
Total current liabilites | 425,982 | ' | ' | 104,051 | ' | ' | 72,286 | 151,718 | 94,241 | 100,326 | 100,843 | 107,192 | 124,996 | ' | 5,659 | 651 | ' | ' | 8,731 | 740 | ' | ' | ' | ' | ' | ' | 2,314 | 2,294 | 2,274 | 2,234 | 2,214 | 2,195 | 1,472 | 1,472 | 1,472 | 420 | 420 | 420 | ' | ' | ' | 81,731 | 156,135 | 97,987 | 103,497 | 118,557 | 128,351 |
Deferred income taxes, net | ' | ' | ' | ' | ' | ' | 3,005 | 17,396 | 24,521 | 27,073 | 7,862 | 5,465 | 6,122 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,520 | -5,115 | -5,248 | -5,180 | -5,464 | -4,913 | ' | ' | ' | 1,485 | 12,281 | 19,273 | 2,682 | 1 | 1,209 |
Long-term debt, net of current portion and unamortized discount | ' | ' | ' | 311,250 | ' | ' | 327,325 | 244,191 | 311,366 | 311,250 | 310,941 | 296,201 | 266,908 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 327,325 | 244,191 | 311,366 | 310,941 | 296,201 | 266,908 |
Capital lease obligations, net of current portion | ' | ' | ' | 4,176 | ' | ' | 2,849 | 3,494 | 3,402 | 4,176 | 883 | 1,106 | 1,411 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,849 | 3,494 | 3,402 | 883 | 1,106 | 1,411 |
Non-controlling interests | ' | ' | ' | 1,167 | ' | ' | 856 | 758 | 873 | 997 | 1,360 | 1,209 | 1,259 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 856 | 758 | 873 | 1,360 | 1,209 | 1,259 |
Other liabilities | 254 | ' | ' | 1,080 | ' | ' | 970 | 958 | 981 | 1,505 | ' | 750 | 750 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -425 | -425 | -425 | ' | ' | ' | ' | ' | ' | 545 | 533 | 556 | ' | 750 | 750 |
Total liabilities | 426,236 | ' | ' | 443,464 | ' | ' | 407,291 | 418,515 | 435,384 | 445,327 | 421,889 | 411,923 | 401,446 | ' | 5,659 | 651 | ' | ' | 8,731 | 740 | ' | ' | ' | ' | ' | ' | 2,314 | 2,294 | 2,274 | 2,234 | 2,214 | 2,195 | -473 | -4,068 | -4,201 | -4,760 | -5,044 | -4,493 | ' | ' | ' | 414,791 | 417,392 | 433,457 | 419,363 | 417,824 | 399,888 |
STOCKHOLDERS’ EQUITY (DEFICIT) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, | ' | ' | ' | ' | ' | ' | 483 | 482 | 481 | ' | 473 | 471 | 468 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 483 | 482 | 481 | 473 | 471 | 468 |
Additional paid-in capital | 269,421 | ' | ' | 253,415 | ' | ' | 258,761 | 257,128 | 255,563 | 253,415 | 251,763 | 249,509 | 247,763 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 703 | ' | ' | ' | ' | ' | ' | ' | ' | 259,464 | 257,128 | 255,563 | 251,763 | 249,509 | 247,763 |
Accumulated deficit | -206,704 | ' | ' | -53,141 | ' | ' | -101,342 | -77,143 | -61,357 | -49,815 | -21,201 | -27,008 | -29,554 | ' | -510 | 709 | -102 | -104 | -1,122 | -378 | -4,922 | -4,800 | -4,638 | -4,365 | -4,209 | -3,601 | -2,147 | -2,083 | -2,015 | -1,875 | -1,797 | -1,720 | 887 | 3,725 | 3,886 | 4,617 | 4,923 | 4,385 | ' | ' | ' | -108,034 | -79,592 | -64,226 | -22,928 | -29,213 | -30,868 |
63,202 | ' | ' | 200,750 | ' | ' | 157,902 | 180,467 | 194,687 | 204,076 | 231,035 | 222,972 | 218,677 | ' | -510 | 709 | -102 | -104 | -1,122 | -378 | -4,922 | -4,800 | -4,638 | -4,365 | -4,209 | -3,601 | -2,147 | -2,083 | -2,015 | -1,875 | -1,797 | -1,720 | 1,590 | 3,725 | 3,886 | 4,617 | 4,923 | 4,385 | ' | ' | ' | 151,913 | 178,018 | 191,818 | 229,308 | 220,767 | 217,363 | |
Less: treasury stock, | 96,531 | ' | ' | 96,528 | ' | ' | 96,530 | 96,530 | 96,530 | 96,528 | 96,527 | 96,526 | 96,526 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 96,530 | 96,530 | 96,530 | 96,527 | 96,526 | 96,526 |
Total stockholders' equity | -33,329 | -33,329 | ' | 104,222 | ' | ' | 61,372 | 83,937 | 98,157 | 107,548 | 134,508 | 126,446 | 122,151 | 101,857 | -510 | 709 | -102 | -104 | -1,122 | -378 | -4,922 | -4,800 | -4,638 | -4,365 | -4,209 | -3,601 | -2,147 | -2,083 | -2,015 | -1,875 | -1,797 | -1,720 | 1,590 | 3,725 | 3,886 | 4,617 | 4,923 | 4,385 | 104,222 | 112,491 | 101,515 | 55,383 | 81,488 | 95,288 | 132,781 | 124,241 | 120,837 |
Total liabilities and stockholders' equity | $392,907 | ' | ' | $547,686 | ' | ' | $468,663 | $502,452 | $533,541 | $552,875 | $556,397 | $538,369 | $523,597 | ' | $5,149 | $1,360 | ($102) | ($104) | $7,609 | $362 | ($4,922) | ($4,800) | ($4,638) | ($4,365) | ($4,209) | ($3,601) | $167 | $211 | $259 | $359 | $417 | $475 | $1,117 | ($343) | ($315) | ($143) | ($121) | ($108) | ' | ' | ' | $470,174 | $498,880 | $528,745 | $552,144 | $542,065 | $520,725 |
Note_22_Unaudited_Quarterly_Fi3
Note 22 - Unaudited Quarterly Financial Data (Details) - Quarterly Unaudited Statements of Operations (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Oct. 31, 2013 | Dec. 31, 2012 | |||
Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Restated [Member] | |||||||
Research and Development [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Revenue Recognition [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Research and Development [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Sales Tax [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Other Adjustments [Member] | Restated [Member] | Restated [Member] | Restated [Member] | Restated [Member] | Restated [Member] | Restated [Member] | ||||||||||||||||||
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Proprietary Revenues | ' | ' | ' | ' | $41,407,000 | $26,774,000 | $27,437,000 | $28,890,000 | $30,173,000 | $58,578,000 | $64,835,000 | $182,476,000 | $207,921,000 | ($5,008,000) | ($651,000) | ' | $8,731,000 | ($7,991,000) | $398,000 | $1,138,000 | ($853,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $100,000 | ($100,000) | ' | ' | ' | $36,399,000 | $26,123,000 | $27,537,000 | $38,904,000 | $50,587,000 | $65,233,000 | $61,104,000 | $28,790,000 | |||
Multi-client Data Library Pre-commitments | ' | ' | ' | ' | 14,481,000 | 14,098,000 | 28,282,000 | 20,828,000 | 48,476,000 | 25,801,000 | 16,575,000 | 111,680,000 | 127,136,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 285,000 | -285,000 | ' | ' | -307,000 | 14,481,000 | 14,098,000 | 28,567,000 | 48,476,000 | 25,801,000 | 16,268,000 | 2,621,000 | 20,543,000 | |||
Multi-client Data Library Late Sales | ' | ' | ' | ' | 14,145,000 | 22,480,000 | 27,690,000 | 5,569,000 | 11,565,000 | 12,993,000 | 14,701,000 | 44,828,000 | 50,298,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,145,000 | 22,480,000 | 27,690,000 | 11,565,000 | 12,993,000 | 14,701,000 | 13,414,000 | 5,569,000 | |||
TOTAL REVENUES | 288,659,000 | 339,429,000 | 384,809,000 | ' | 70,033,000 | 63,352,000 | 83,409,000 | 55,287,000 | 90,214,000 | 97,372,000 | 96,111,000 | 338,984,000 | 385,355,000 | -5,008,000 | -651,000 | ' | 8,731,000 | -7,991,000 | 398,000 | 1,138,000 | -853,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 385,000 | -385,000 | ' | ' | -307,000 | 65,025,000 | 62,701,000 | 83,794,000 | 98,945,000 | 89,381,000 | 96,202,000 | 77,139,000 | 54,902,000 | |||
OPERATING EXPENSES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Operating Costs | ' | ' | ' | 162,000 | 38,750,000 | 22,676,000 | 20,221,000 | 25,177,000 | 17,164,000 | 40,399,000 | 40,797,000 | ' | ' | -3,789,000 | -1,462,000 | -2,000 | 7,712,000 | -7,247,000 | 50,000 | ' | ' | 122,000 | -420,000 | 693,000 | 156,000 | 608,000 | 34,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 186,000 | 1,575,000 | 1,745,000 | 919,000 | 1,471,000 | 1,327,000 | 1,778,000 | 35,269,000 | 22,951,000 | 21,544,000 | 26,503,000 | 35,087,000 | 42,659,000 | 49,424,000 | 26,789,000 | |||
Multi-client Data Library Amortization | ' | ' | ' | ' | 23,166,000 | 24,454,000 | 34,562,000 | 17,726,000 | 37,412,000 | 25,772,000 | 22,356,000 | 103,266,000 | 112,668,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 251,000 | -251,000 | ' | ' | -134,000 | 23,166,000 | 24,454,000 | 34,813,000 | 37,412,000 | 25,772,000 | 22,222,000 | 17,446,000 | 17,475,000 | |||
Depreciation and Other Amortization | 32,589,000 | 28,945,000 | 27,478,000 | ' | 9,233,000 | 8,457,000 | 7,231,000 | 9,733,000 | 5,727,000 | 6,262,000 | 6,964,000 | 28,686,000 | 27,152,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,000 | 48,000 | 50,000 | 50,000 | 58,000 | 58,000 | 69,000 | 234,000 | 322,000 | -393,000 | -26,000 | -8,000 | 16,000 | 4,000 | 2,000 | 2,000 | 8,884,000 | 8,479,000 | 7,273,000 | 5,789,000 | 6,322,000 | 7,035,000 | 7,954,000 | 9,799,000 | |||
TOTAL OPERATING EXPENSES | 261,655,000 | [1],[2] | 262,865,000 | [1],[2] | 299,168,000 | [1],[2] | 162,000 | 71,149,000 | 55,587,000 | 62,014,000 | 52,636,000 | 60,303,000 | 72,433,000 | 70,117,000 | 255,489,000 | 295,548,000 | -3,789,000 | -1,462,000 | -2,000 | 7,712,000 | -7,247,000 | 50,000 | 516,000 | -399,000 | 122,000 | -420,000 | 693,000 | 156,000 | 608,000 | 34,000 | 1,491,000 | 974,000 | 44,000 | 48,000 | 50,000 | 50,000 | 58,000 | 58,000 | 69,000 | 234,000 | 629,000 | -207,000 | 1,549,000 | 1,988,000 | 684,000 | 1,475,000 | 1,329,000 | 1,646,000 | 67,319,000 | 55,884,000 | 63,630,000 | 69,704,000 | 67,181,000 | 71,916,000 | 74,824,000 | 54,063,000 |
MULTI-CLIENT DATA LIBRARY IMPAIRMENT | ' | ' | ' | ' | ' | ' | 12,992,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,992,000 | ' | ' | ' | 75,230,000 | ' | |||
GOODWILL IMPAIRMENT | 1,414,000 | ' | ' | ' | 1,039,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,039,000 | ' | ' | ' | ' | ' | 375,000 | ' | |||
MULTI-CLIENT DATA LIBRARY COMMISSIONS | ' | ' | ' | ' | 5,173,000 | 5,932,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,173,000 | 5,932,000 | ' | ' | ' | ' | 3,679,000 | ' | |||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 51,410,000 | 51,346,000 | 43,962,000 | ' | 11,460,000 | 14,677,000 | 16,040,000 | 18,256,000 | 10,867,000 | 12,086,000 | 15,541,000 | 56,750,000 | 46,582,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 708,000 | -1,521,000 | -1,622,000 | -1,301,000 | -1,457,000 | -1,312,000 | -1,333,000 | 12,168,000 | 13,156,000 | 14,418,000 | 9,410,000 | 10,774,000 | 14,208,000 | 11,668,000 | 16,955,000 | |||
GAIN ON DISPOSAL OF PROPERTY AND EQUIPMENT | 8,624,000 | 15,706,000 | 1,683,000 | ' | -3,455,000 | -289,000 | -2,636,000 | -3,594,000 | -2,231,000 | -458,000 | -9,423,000 | 15,706,000 | 1,683,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,257,000 | ' | ' | ' | ' | ' | ' | -4,712,000 | -289,000 | -2,636,000 | -2,231,000 | -458,000 | -9,423,000 | -987,000 | -3,594,000 | |||
INCOME (LOSS) FROM OPERATIONS | -120,203,000 | 40,924,000 | 43,362,000 | -162,000 | -15,333,000 | -12,555,000 | -5,001,000 | -12,011,000 | 21,275,000 | 13,311,000 | 19,876,000 | 42,451,000 | 44,908,000 | -1,219,000 | 811,000 | 2,000 | 1,019,000 | -744,000 | 348,000 | 622,000 | -454,000 | -122,000 | 420,000 | -693,000 | -156,000 | -608,000 | -34,000 | -1,491,000 | -974,000 | -44,000 | -48,000 | -50,000 | -50,000 | -58,000 | -58,000 | -69,000 | -234,000 | -629,000 | 756,000 | -28,000 | 19,000 | 232,000 | -18,000 | -17,000 | -620,000 | -15,962,000 | -11,982,000 | -4,610,000 | 22,062,000 | 11,884,000 | 19,501,000 | -87,650,000 | -12,522,000 | |||
OTHER EXPENSE | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Interest expense, net | 35,845,000 | 31,750,000 | 25,329,000 | ' | -8,884,000 | -8,430,000 | -8,369,000 | -8,322,000 | -8,295,000 | -7,934,000 | -7,115,000 | 31,666,000 | 25,259,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -20,000 | -20,000 | -20,000 | -20,000 | -20,000 | -20,000 | -24,000 | 84,000 | 70,000 | ' | ' | ' | ' | ' | ' | ' | -8,904,000 | -8,450,000 | -8,389,000 | -8,315,000 | -7,954,000 | -7,139,000 | -10,103,000 | -8,342,000 | |||
Foreign exchange loss | -439,000 | -1,688,000 | -311,000 | ' | -310,000 | -133,000 | 176,000 | -433,000 | -206,000 | -939,000 | -110,000 | -1,688,000 | -311,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -310,000 | -133,000 | 176,000 | -206,000 | -939,000 | -110,000 | -172,000 | -433,000 | |||
Other expense | 697,000 | 2,471,000 | 218,000 | ' | -122,000 | -185,000 | -43,000 | -102,000 | -1,952,000 | -236,000 | -182,000 | 2,472,000 | 218,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -122,000 | -185,000 | -43,000 | -1,952,000 | -236,000 | -182,000 | -346,000 | -102,000 | |||
TOTAL OTHER EXPENSE | 36,981,000 | 35,909,000 | 25,858,000 | ' | -9,316,000 | -8,748,000 | -8,236,000 | -8,857,000 | -10,453,000 | -9,109,000 | -7,407,000 | 35,826,000 | 25,788,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -20,000 | -20,000 | -20,000 | -20,000 | -20,000 | -20,000 | -24,000 | 84,000 | 70,000 | ' | ' | ' | ' | ' | ' | ' | -9,336,000 | -8,768,000 | -8,256,000 | -10,473,000 | -9,129,000 | -7,431,000 | -10,621,000 | -8,877,000 | |||
INCOME (LOSS) BEFORE INCOME TAXES | -157,184,000 | 5,015,000 | 17,504,000 | -162,000 | -24,649,000 | -21,303,000 | -13,237,000 | -20,868,000 | 10,822,000 | 4,202,000 | 12,469,000 | 6,625,000 | 19,120,000 | -1,219,000 | 811,000 | 2,000 | 1,019,000 | -744,000 | 348,000 | 622,000 | -454,000 | -122,000 | 420,000 | -693,000 | -156,000 | -608,000 | -34,000 | -1,491,000 | -974,000 | -64,000 | -68,000 | -70,000 | -70,000 | -78,000 | -78,000 | -93,000 | -318,000 | -699,000 | 756,000 | -28,000 | 19,000 | 232,000 | -18,000 | -17,000 | -620,000 | -25,298,000 | -20,750,000 | -12,866,000 | 11,589,000 | 2,755,000 | 12,070,000 | -98,271,000 | -21,399,000 | |||
INCOME TAX EXPENSE (BENEFIT) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Current | ' | ' | ' | ' | -548,000 | -5,402,000 | -1,570,000 | -4,171,000 | 4,864,000 | 1,706,000 | 5,749,000 | 8,148,000 | 9,329,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,052,000 | ' | ' | ' | -548,000 | -5,402,000 | -1,570,000 | 4,864,000 | 1,706,000 | 5,749,000 | -1,507,000 | -3,119,000 | |||
Deferred | -9,321,000 | 11,139,000 | 4,048,000 | ' | ' | ' | ' | 12,280,000 | ' | ' | ' | 12,280,000 | 4,151,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,595,000 | 134,000 | 85,000 | -154,000 | 288,000 | -554,000 | -156,000 | 3,595,000 | 134,000 | 85,000 | 288,000 | -554,000 | -156,000 | 1,855,000 | 12,126,000 | |||
TOTAL INCOME TAX EXPENSE (BENEFIT) | -3,358,000 | 20,903,000 | 12,593,000 | ' | -548,000 | -5,402,000 | -1,570,000 | 8,109,000 | 4,864,000 | 1,706,000 | 5,749,000 | 20,428,000 | 13,480,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,595,000 | 134,000 | 85,000 | 898,000 | 288,000 | -554,000 | -156,000 | 3,047,000 | -5,268,000 | -1,485,000 | 5,152,000 | 1,152,000 | 5,593,000 | 348,000 | 9,007,000 | |||
INCOME (LOSS) AFTER INCOME TAXES | -153,826,000 | -15,888,000 | 4,911,000 | -162,000 | -24,101,000 | -15,901,000 | -11,667,000 | -28,977,000 | 5,958,000 | 2,496,000 | 6,720,000 | -13,803,000 | 5,640,000 | -1,219,000 | 811,000 | 2,000 | 1,019,000 | -744,000 | 348,000 | 622,000 | -454,000 | -122,000 | 420,000 | -693,000 | -156,000 | -608,000 | -34,000 | -1,491,000 | -974,000 | -64,000 | -68,000 | -70,000 | -70,000 | -78,000 | -78,000 | -93,000 | -318,000 | -699,000 | -2,839,000 | -162,000 | -66,000 | -666,000 | -306,000 | 537,000 | -464,000 | -28,345,000 | -15,482,000 | -11,381,000 | 6,437,000 | 1,603,000 | 6,477,000 | -98,619,000 | -30,406,000 | |||
NET LOSS, attributable to non-controlling interests | -312,000 | -302,000 | -22,000 | ' | 98,000 | -115,000 | -125,000 | -363,000 | 151,000 | -50,000 | -210,000 | -472,000 | -22,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -170,000 | 170,000 | ' | ' | ' | 98,000 | -115,000 | -295,000 | 151,000 | -50,000 | -210,000 | ' | -193,000 | |||
NET INCOME (LOSS), attributable to common stockholders | ($153,514,000) | ($15,586,000) | $4,933,000 | ($162,000) | ($24,199,000) | ($15,786,000) | ($11,542,000) | ($28,614,000) | $5,807,000 | $2,546,000 | $6,930,000 | ($13,331,000) | $5,662,000 | ($1,219,000) | $811,000 | $2,000 | $1,019,000 | ($744,000) | $348,000 | $622,000 | ($454,000) | ($122,000) | $420,000 | ($693,000) | ($156,000) | ($608,000) | ($34,000) | ($1,491,000) | ($974,000) | ($64,000) | ($68,000) | ($70,000) | ($70,000) | ($78,000) | ($78,000) | ($93,000) | ($318,000) | ($699,000) | ($2,839,000) | ($162,000) | $104,000 | ($836,000) | ($306,000) | $537,000 | ($464,000) | ($28,443,000) | ($15,367,000) | ($11,086,000) | $6,286,000 | $1,653,000 | $6,687,000 | ($98,619,000) | ($30,213,000) | |||
INCOME (LOSS) PER COMMON SHARE | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Basic (in Dollars per share) | ($4.03) | ($0.42) | $0.13 | $0 | ($0.64) | ($0.42) | ($0.31) | ($0.76) | $0.16 | $0.07 | $0.19 | ($0.36) | $0.15 | ($0.03) | $0.02 | $0 | $0.03 | ($0.02) | $0.01 | $0.02 | ($0.01) | $0 | $0.01 | ($0.02) | $0 | ($0.02) | $0 | ($0.04) | ($0.03) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ($0.01) | ($0.02) | ($0.07) | $0 | $0 | ($0.02) | ($0.01) | $0.01 | ($0.01) | ($0.75) | ($0.41) | ($0.29) | $0.17 | $0.04 | $0.18 | ($2.58) | ($0.81) | |||
Diluted (in Dollars per share) | ($4.03) | ($0.42) | $0.13 | $0 | ($0.64) | ($0.42) | ($0.31) | ($0.76) | $0.16 | $0.07 | $0.19 | ($0.36) | $0.15 | ($0.03) | $0.02 | $0 | $0.03 | ($0.02) | $0.01 | $0.02 | ($0.01) | $0 | $0.01 | ($0.02) | $0 | ($0.02) | $0 | ($0.04) | ($0.03) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ($0.01) | ($0.02) | ($0.07) | $0 | $0 | ($0.02) | ($0.01) | $0.01 | ($0.01) | ($0.75) | ($0.41) | ($0.29) | $0.17 | $0.04 | $0.18 | ($2.58) | ($0.81) | |||
WEIGHTED AVERAGE SHARES OUTSTANDING | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Basic (in Shares) | 38,049 | 37,319 | 36,666 | ' | 38,087 | 37,985 | 37,756 | 37,516 | 37,450 | 37,247 | 37,039 | 37,319 | 36,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38,087 | 37,985 | 37,756 | 37,450 | 37,247 | 37,039 | 38,253 | 37,516 | |||
Diluted (in Shares) | 38,049 | 37,319 | 36,666 | ' | 38,087 | 37,985 | 37,756 | 37,516 | 37,450 | 37,247 | 37,039 | 37,319 | 36,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38,087 | 37,985 | 37,756 | 37,450 | 37,247 | 37,039 | 38,253 | 37,516 | |||
[1] | Corporate operating expenses represent depreciation expense, (net) associated with the assets used during the period. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Multi-client Services operating expenses represent data library revenue and backstop amortization expense. |