SAExploration 10-Q 12 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 10, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	SAEX
Entity Common Stock, Shares Outstanding		9,343,513
Entity Registrant Name	SAExploration Holdings, Inc.
Entity Central Index Key	1,514,732
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 16,841	$ 11,300
Restricted cash	509	518
Accounts receivable, net	122,950	67,882
Deferred costs on contracts	903	5,135
Prepaid expenses	3,029	887
Total current assets	144,232	85,722
Property and equipment, net	54,528	61,828
Intangible assets, net	796	789
Goodwill	1,774	1,658
Deferred loan issuance costs, net	1,335	521
Deferred income tax assets	3,886	3,756
Other assets	150	150
Total assets	206,701	154,424
Current liabilities:
Accounts payable	26,542	16,575
Accrued liabilities	22,531	17,818
Income and other taxes payable	11,157	2,586
Borrowings under revolving credit facility	14,646	7,899
Current portion of capital leases	115	115
Deferred revenue	3,705	3,903
Total current liabilities	78,696	48,896
Borrowings under senior loan facility	5,600	0
Senior secured notes, net of unamortized deferred loan issuance costs	136,254	135,630
Long-term portion of capital leases	1	55
Deferred income tax liabilities	55	55
Total liabilities	220,606	184,636
Commitments and contingencies	0	0
Stockholders’ deficit:
Preferred stock	0	0
Common stock, $0.0001 par value, 55,000,000 shares authorized, 129,848 and 129,269 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	2	2
Additional paid-in capital	36,102	35,763
Accumulated deficit	(51,644)	(66,139)
Accumulated other comprehensive loss	(5,255)	(4,271)
Total stockholders’ deficit attributable to the Corporation	(20,795)	(34,645)
Noncontrolling interest	6,890	4,433
Total stockholders’ deficit	(13,905)	(30,212)
Total liabilities and stockholders’ deficit	$ 206,701	$ 154,424

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common Stock, par value (usd per share)	$ 0.0001	$ 0.0001
Common Stock, authorized shares (in shares)	55,000,000	55,000,000
Common Stock, issued shares (in shares)	129,848	129,269
Common Stock, outstanding shares (in shares)	129,848	129,269

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue from services	$ 57,049	$ 66,865	$ 147,202	$ 146,543
Cost of services excluding depreciation and amortization expense	36,520	45,889	96,031	100,160
Depreciation and amortization expense included in cost of services	4,172	4,794	8,371	9,194
Gross profit	16,357	16,182	42,800	37,189
Selling, general and administrative expenses	7,213	8,737	13,959	17,613
Income from operations	9,144	7,445	28,841	19,576
Other income (expense):
Costs incurred on debt restructuring	(2,334)	0	(2,334)	0
Interest expense, net	(4,033)	(4,344)	(8,061)	(8,677)
Foreign exchange gain (loss), net	813	510	2,438	(1,931)
Other income (expense), net	26	(185)	21	(378)
Total other expense, net	(5,528)	(4,019)	(7,936)	(10,986)
Income before income taxes	3,616	3,426	20,905	8,590
Provision for income taxes	2,739	271	3,404	1,490
Net income	877	3,155	17,501	7,100
Less: net income attributable to noncontrolling interest	622	1,059	3,006	3,833
Net income attributable to the Corporation	$ 255	$ 2,096	$ 14,495	$ 3,267
Net income attributable to the Corporation per common share:
Basic (usd per share)	$ 1.97	$ 18.96	$ 112.13	$ 29.56
Diluted (usd per share)	$ 1.97	$ 18.96	$ 112.09	$ 29.56
Weighted average shares:
Basic (in shares)	129,276	110,537	129,272	110,537
Diluted (in shares)	129,276	110,537	129,316	110,537

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 877	$ 3,155	$ 17,501	$ 7,100
Foreign currency translation loss	(371)	(338)	(984)	(243)
Total comprehensive income	506	2,817	16,517	6,857
Less: comprehensive income attributable to noncontrolling interest	622	1,059	3,006	3,833
Comprehensive income (loss) attributable to the Corporation	$ (116)	$ 1,758	$ 13,511	$ 3,024

UNAUDITED CONDENSED CONSOLIDAT6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss - Foreign Currency Translation	Total Corporation Stockholders’ Deficit	Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2015		129,269
Beginning balance at Dec. 31, 2015	$ (30,212)	$ 2	$ 35,763	$ (66,139)	$ (4,271)	$ (34,645)	$ 4,433
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation	(984)				(984)	(984)
Distribution to noncontrolling interest	(549)						(549)
Share-based compensation expense	343		343			343
Vesting of restricted stock awards (in shares)		776
Vesting of restricted stock awards	0
Grantee election to fund payroll taxes out of restricted stock grant (in shares)		(197)
Grantee election to fund payroll taxes out of restricted stock grant	(4)		(4)			(4)
Net income	17,501			14,495		14,495	3,006
Ending balance (in shares) at Jun. 30, 2016		129,848
Ending balance at Jun. 30, 2016	$ (13,905)	$ 2	$ 36,102	$ (51,644)	$ (5,255)	$ (20,795)	$ 6,890

UNAUDITED CONDENSED CONSOLIDAT7

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities:
Net income attributable to the Corporation	$ 14,495	$ 3,267
Net income attributable to noncontrolling interest	3,006	3,833
Net income	17,501	7,100
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	8,638	9,498
Amortization of loan issuance costs	770	811
Deferred income taxes	0	35
(Gain) loss on disposal of property and equipment	(250)	311
Share-based compensation	343	7
Provision for doubtful accounts	653	0
Unrealized (gain) loss on foreign currency transactions	(2,715)	1,959
Changes in operating assets and liabilities:
Accounts receivable	(53,975)	17,294
Prepaid expenses	(2,393)	9,110
Deferred costs on contracts	4,265	3,905
Accounts payable	9,966	(7,258)
Accrued liabilities	4,427	(3,609)
Income and other taxes payable	8,225	(14,770)
Deferred revenue	(198)	(187)
Other, net	10	11
Net cash provided by (used in) operating activities	(4,733)	24,217
Investing activities:
Purchase of property and equipment	(656)	(4,896)
Proceeds from sale of property and equipment	475	113
Net cash used in investing activities	(181)	(4,783)
Financing activities:
Repayment of notes payable	0	(811)
Borrowings under senior loan facility	5,600	0
Payment of loan facility fee and loan issuance costs	(960)	0
Revolving credit facility borrowings	35,440	14,200
Revolving credit facility repayments	(28,693)	(14,200)
Repayments of capital lease obligations	(54)	(174)
Distribution to noncontrolling interest	(549)	(3,358)
Net cash provided by (used in) financing activities	10,784	(4,343)
Effect of exchange rate changes on cash and cash equivalents	(329)	(234)
Net change in cash and cash equivalents	5,541	14,857
Cash and cash equivalents at the beginning of period	11,300	12,322
Cash and cash equivalents at the end of period	16,841	27,179
Supplemental disclosures of cash flow information:
Interest paid	7,243	8,209
Income taxes paid, net	249	1,656
Supplemental disclosures of cash flow information -- non-cash investing and financing activities:
Capital assets acquired included in accounts payable	16	650
Grantee election to fund payroll taxes out of restricted stock grant	$ 4	$ 0

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
DESCRIPTION OF THE BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF THE BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of the Business SAExploration Holdings, Inc. and its Subsidiaries (collectively, the “Corporation”) is an internationally-focused oilfield services company offering seismic data acquisition and logistical support services in Alaska, Canada, South America, and Southeast Asia to its customers in the oil and natural gas industry. In addition to the acquisition of 2D, 3D, time-lapse 4D and multi-component seismic data on land, in transition zones and offshore in depths reaching 3,000 meters, the Corporation offers a full-suite of logistical support and in-field data processing services. The Corporation operates crews around the world that utilize over 29,500 owned land and marine channels of seismic data acquisition equipment and other equipment as needed to complete particular projects. Seismic data is used by its customers, including major integrated oil companies, national oil companies and large international independent oil and gas exploration and production companies, to identify and analyze drilling prospects and maximize successful drilling. The results of the seismic surveys the Corporation conducts belong to its customers and are proprietary in nature; the Corporation does not acquire data for its own account or for future sale or maintain multi-client data libraries. Basis of Presentation The unaudited interim condensed consolidated financial statements of the Corporation as of June 30, 2016 and for the three and six months ended June 30, 2016 and 2015 included herein, have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The year-end condensed consolidated balance sheet data was derived from the audited financial statements as of December 31, 2015 . Although the financial statements and related information included herein have been prepared without audit, and certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, the Corporation believes that the note disclosures are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the Corporation’s audited consolidated financial statements and the notes thereto included in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2015 , as amended by its Annual Report on Form 10-K/A for the same period (such report, as amended, the "Amended 10-K"). In the opinion of management, the unaudited interim financial statements included herein reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the Corporation’s financial position, results of operations, and cash flows for the periods presented. The results of operations for interim periods are not necessarily indicative of the results expected for the full year or any future period. Certain amounts in the condensed consolidated balance sheet as of December 31, 2015 , presented herein have been reclassified to conform to the current period presentation. These reclassifications had no effect on financial position, net income, stockholders' deficit, or cash flows. On July 27, 2016, the Corporation completed a 135 -for-1 reverse stock split, whereby each 135 shares of its common stock were reclassified into one share of common stock. All share and per share amounts for all periods presented have been adjusted to reflect the reverse split as though it had occurred prior to the earliest period presented. Significant Accounting Policies There have been no changes to the significant accounting policies of the Corporation from the information provided in Note 2 of the Notes to Consolidated Financial Statements in the Corporation’s Amended 10-K, except as discussed below under Recently Issued Accounting Pronouncements - Debt Issuance Costs and Share-Based Compensation . Recently Issued Accounting Pronouncements Debt Issuance Costs In April 2015, the FASB issued new guidance which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The new guidance does not affect the recognition and measurement of debt issuance costs. Therefore, the amortization of such costs will continue to be calculated using the interest method and be reported as interest expense. The new guidance does not specifically address, and therefore does not affect, the balance sheet presentation of debt issuance costs for revolving debt arrangements. The Corporation adopted the new guidance as of March 31, 2016 and retrospectively for all periods presented. As a result of the adoption of the new guidance, the amount of $4,370 was reclassified from deferred loan issuance costs to senior secured notes in the December 31, 2015 condensed consolidated balance sheet. Other than this reclassification, the adoption of the new guidance had no impact on the Corporation's condensed consolidated financial statements. Share-Based Compensation In March 2016, the FASB issued new guidance intended to simplify various aspects of the accounting for share-based compensation. The new guidance requires the income tax effects related to share-based compensation to be recorded in the income statement at settlement (or expiration), applied prospectively to all excess tax benefits and tax deficiencies resulting from settlements after the date of adoption of the new guidance. The new guidance also removes the requirement to delay recognition of a windfall tax benefit until it reduces current taxes payable. Under the new guidance, the benefit will be recorded when it arises, subject to normal valuation allowance considerations. This change is required to be applied on a modified retrospective basis, with a cumulative effect adjustment to opening retained earnings. All income tax related cash flows resulting from share-based payments are to be reported as operating activities on the statement of cash flows. Either prospective or retrospective transition of this provision is permitted. Currently, employers are permitted to withhold shares upon settlement of an award to satisfy the employer’s tax withholding requirement without causing the award to be liability classified. However, the amount is strictly limited to the employer’s minimum statutory tax withholding requirement. The simplification under the new guidance allows entities to withhold an amount up to the employees’ maximum individual tax rate in the relevant jurisdiction without resulting in liability classification of the award. This provision is required to be adopted using a modified retrospective approach, with a cumulative effect adjustment to opening retained earnings for any outstanding liability awards that qualify for equity classification. Additionally, the new guidance clarifies that all cash payments made to taxing authorities on the employees’ behalf for withheld shares should be presented as financing activities on the statement of cash flows. This change is required to be applied retrospectively. Under the new guidance, entities are permitted to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards. Forfeitures can be estimated, as required today, or recognized when they occur. Estimates of forfeitures will still be required in certain circumstances, such as at the time of modification of an award or issuance of a replacement award in a business combination. If elected, the change to recognize forfeitures when they occur needs to be adopted using a modified retrospective approach, with a cumulative effect adjustment recorded to opening retained earnings. The classification and measurement guidance will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. The Corporation adopted the new guidance as of January 1, 2016, including electing to recognize forfeitures when they occur. Adoption of the new guidance did not have a material impact on the Corporation’s financial position, results of operations, cash flows or disclosures.

RESTRUCTURING

RESTRUCTURING	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Corporation previously disclosed in its Amended 10-K and Form 10-Q for the period ended March 31, 2016 (collectively, the “Filings”), that it was exploring a range of transactions to address the Corporation's significant cash flow and liquidity difficulties and the longer term need to realign its capital structure with its current business, given the uncertainty regarding the State of Alaska tax credit program and the continued downturn in the oil and natural gas exploration sector. The effect of the uncertainty regarding the State of Alaska tax credit program and its effect on the Corporation’s cash flow and liquidity are discussed further in Note 3. The Filings also disclosed that the Corporation was in discussions with a group of the holders of its senior secured notes regarding these matters. On June 13, 2016, the Corporation entered into a comprehensive restructuring support agreement (the “Restructuring Support Agreement”) with holders (the “Supporting Holders”) of approximately 66% of the par value of the Corporation’s 10% senior secured notes due 2019 (the “Existing Notes” and the holders thereof, the “Existing Holders”), in which the Supporting Holders and the Corporation agreed to enter into and implement a proposed comprehensive restructuring of the Corporation’s balance sheet, which included the funding of up to $30 million in new capital (the “Restructuring”). The following is a summary of the key aspects of the Restructuring Support Agreement: Exchange of Existing Notes for New Second Lien Notes. The Corporation commenced an offer on June 24, 2016 (“Exchange Offer”) to exchange each $1 of Existing Notes held by the Existing Holders for (i) $0.50 of newly issued 10% Senior Secured Second Lien Notes due 2019 (the “New Second Lien Notes”) and (ii) 46.41 shares of newly issued Corporation common stock (giving effect to a 135-for-1 reverse stock split that was effected in connection with closing of the exchange offer, the “Reverse Stock Split”). The Exchange Offer expired on July 22, 2016 and closed on July 27, 2016 (“Closing Date”). In connection with the Exchange Offer, the Corporation also completed a consent solicitation to make certain proposed limited amendments to the terms of the indenture for the Existing Notes, the related security documents and the existing intercreditor agreement to permit the Restructuring. The exchange will be recognized in the three-month period ended September 30, 2016. A further description of the terms of the New Second Lien Notes and revised terms of the Existing Notes is provided in Note 8. New Senior Loan Facility. On June 29, 2016, the Supporting Holders and the Corporation entered into a $30 million multi-draw senior secured term loan facility (the "Senior Loan Facility"). All holders of Existing Notes that participated in the Exchange Offer were also able to participate in the Senior Loan Facility. Borrowings under the Senior Loan Facility bear interest at a rate of 10% per year, payable monthly. The Senior Loan Facility has a maturity date of January 2, 2018, unless terminated earlier. As part of the consideration for providing the Senior Loan Facility, the Corporation has agreed to issue to the lenders shares equal to 28.2% of the outstanding shares of its common stock as of the Closing Date, after giving effect to the Reverse Stock Split. A further description of the terms of the Senior Loan Facility is provided in Note 7. Change in Priority of Secured Indebtedness. After the Closing Date, the priority claims of the Corporation’s secured indebtedness are (1) the Revolving Credit Facility, which will be secured by all of the existing collateral on a senior first lien priority basis, (2) the Senior Loan Facility, which will be secured by all of the existing collateral on a junior first lien priority basis, (3) the New Second Lien Notes, which will be secured by substantially all of the existing collateral on a second lien priority basis and (4) the Existing Notes, which will be secured by substantially all of the existing collateral on a third lien priority basis. Reverse Stock Split and Issuance of Common Stock. The Corporation’s stockholders approved a 135-for-1 reverse stock split that was effected on the Closing Date. After the reverse stock split, 9,213,804 shares of common stock, representing 92.69% of the shares outstanding as of the Closing Date, were issued to the lenders under the New Senior Loan Facility and to tendering holders of Existing Notes. The effect of the Reverse Stock Split on current and prior periods’ earnings per share is discussed in Note 4 and the effect on shares of common stock outstanding is discussed in Note 10. New Board of Directors. Effective as of the Closing Date, the Board of the Corporation is to be comprised of seven directors, of which six directors have been appointed through the date of this filing. After the final director appointment, the Board will consist of: one member of senior management, four directors chosen by the Supporting Holders, one director chosen by Whitebox Advisors LLC and one director chosen by BlueMountain Capital Management, LLC. Each of Blue Mountain Capital Management, LLC and Whitebox Advisors LLC has the right to choose one director to be nominated by the Corporation for so long as each of their common stock holdings following the Closing Date exceeds 10% of the total shares outstanding. Senior Management and Share-Based Compensation. The Corporation has entered into new employment agreements with members of its existing senior management. Existing equity grants under the 2013 Long-Term Incentive Plan vested as of the Closing Date for all current participants. Additionally, the Corporation will adopt a Management Incentive Plan, which will reserve 10% , on a fully diluted basis, of the total shares of common stock outstanding as of the Closing Date for distribution to covered employees on terms to be finalized after the Closing Date as further discussed in Note 11. Warrants. As of the Closing Date, the Corporation issued warrants to existing holders of its common stock for 4.5% of the outstanding common stock. A further description of the terms of the warrants is provided in Note 10. Costs of Supporting Holders. The Corporation is reimbursing the Supporting Holders and any agent or trustee under the various debt documents for all accrued and unpaid fees and expenses incurred in connection with the Restructuring including, the costs and expenses incurred by counsel to the Supporting Holders in connection with the Restructuring. Total Indebtedness. As of July 27, 2016, the closing date of the Restructuring, the Corporation had $105.2 million face value of total debt outstanding (including $76.5 million of New Second Lien Notes, $15.0 million of borrowings under the New Senior Loan Facility, $11.7 million of borrowings under the Revolving Credit Facility, $1.9 million of Existing Notes and $109 of existing capital leases). This is a reduction of $55.1 million face value of total debt outstanding compared to the face value of indebtedness outstanding as of June 30, 2016. Effect of Restructuring on Liquidity. As discussed above, the new Senior Loan Facility adds up to $30.0 million in additional liquidity to the Corporation. The completion of the exchange of the Existing Notes for New Second Lien Notes eliminates the cash requirement for the July 2016 interest payment and allows the payment of interest in kind for a period of up to 12 months. As a consequence, the Corporation currently believes that its existing cash, cash generated from operations and other sources of working capital, such as the Revolving Credit Facility, coupled with the reduced need for working capital due to reductions in expenses will be sufficient for the Corporation to meet its anticipated cash needs for the next 12 months.

CREDIT CONCENTRATION

CREDIT CONCENTRATION	6 Months Ended
	Jun. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Classified [Abstract]
CREDIT CONCENTRATION	At June 30, 2016, the Corporation's largest account receivable from one customer was $95.0 million , representing 77% of total consolidated accounts receivable. As previously disclosed in the Corporation's Filings, this customer was relying on monetization of tax credits under a State of Alaska tax credit program (“Tax Credits”), either from proceeds from the State of Alaska or from third party financing sources, to satisfy the accounts receivable. There remains substantial uncertainty regarding the timing of reimbursement from the State of Alaska and the availability of third party financing to the customer, or the Corporation, in order for the Corporation to collect its accounts receivable. Due to the customer’s inability to monetize the Tax Credits associated with the accounts receivable, it assigned to the Corporation $51.6 million of Tax Credits on April 22, 2016 and an additional $21.3 million of Tax Credits on July 27, 2016, so that the Corporation can seek to monetize these Tax Credits and apply the resulting cash, as monetization occurs, toward the customer’s repayment of its overdue account receivable. The Corporation expects the customer to assign to it the remaining Tax Credits once the applications for those Tax Credits have been applied for, which, by statute, cannot be submitted before January 1, 2017. The Corporation does not expect that there will be monetization opportunities prior to the issuance of certificates by the State of Alaska with respect to the Tax Credits. The Corporation expects certificates representing approximately $30.2 million of Tax Credits to be issued to it by the State of Alaska in fiscal year 2016, commencing in the fourth quarter, with certificates representing approximately $59.0 million to be issued on a rolling basis over the course of fiscal year 2017. However, there continues to be uncertainty regarding the timely payment by the State of Alaska of its obligations on issued Tax Credit certificates as well as the Corporation's ability to accurately estimate the timeframe for such payments. The Corporation continues to explore options to monetize the Tax Credit certificates, including an option to sell the certificates in the secondary market at a discount to purchasers that are able to apply the certificates to reduce their own Alaskan tax liabilities. There is a risk that any monetization of the Tax Credits certificates, however, will reflect a substantial discount and may be insufficient to fully repay the customer’s outstanding account receivable. Should this occur, the Corporation may be required to record an impairment to the amount due from the customer.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic income per share is computed by dividing net income attributable to the Corporation by the weighted average number of common shares outstanding during each period. Diluted income per share is computed by dividing net income attributable to the Corporation by the sum of the weighted-average number of shares outstanding during each period and the dilutive potential common shares outstanding during the period determined under the treasury stock method. In loss periods, basic net loss and diluted net loss are the same since the effect of potential common shares is anti-dilutive and therefore excluded. Dilutive potential common shares consist of shares issuable upon (i) the vesting of restricted stock, (ii) the exercising of warrants at average market prices greater than their exercise prices, and (iii) the exercising of stock options at average market prices greater than their exercise prices. Under the treasury stock method, dilutive potential common shares are determined based on the assumed exercise of dilutive restricted stock, stock options and warrants less the number of treasury shares assumed to be purchased from the amount that must be paid to exercise stock options, the amount of compensation expense for future service that has not yet been recognized for restricted stock and stock options, and the amount of tax benefits that will be recorded in additional paid-in capital when the dilutive awards become deductible. As discussed in Note 2, the Corporation’s board of directors authorized a 135-for-1 reverse split of the outstanding common stock effective as of the Closing Date of the Restructuring. As a result, all share and per share amounts for all periods presented have been adjusted to reflect the reverse split as though it had occurred prior to the earliest period presented. The computation of basic and diluted net income per share is as follows: Three Months Ended Six Months Ended Net Income Attributable to the Corporation Shares Per Share Net Income Attributable to the Corporation Shares Per Share June 30, 2016: Basic income per share $ 255 129,276 $ 1.97 $ 14,495 129,272 $ 112.13 Effect of dilutive unvested restricted stock unit awards — — — — 44 (0.04 ) Diluted income per share $ 255 129,276 $ 1.97 $ 14,495 129,316 $ 112.09 June 30, 2015: Basic income per share $ 2,096 110,537 $ 18.96 $ 3,267 110,537 $ 29.56 Effect of dilutive securities — — — — — — Diluted income per share $ 2,096 110,537 $ 18.96 $ 3,267 110,537 $ 29.56 Options to purchase 1,790 shares of common stock have been excluded from the calculation of diluted net income per share in the three and six month periods ended June 30, 2016 and 2015 , since the $4.12 option exercise price was higher than the weighted average share price during the period the options were outstanding. Unvested restricted stock units representing 805 issuable shares were excluded from the calculation of diluted net income per share in the three month period ended June 30, 2016 , since they were anti-dilutive. Unvested restricted stock units totaling 2,416 shares were excluded from the calculation of diluted net income per share in the three and six month periods ended June 30, 2015 , since the shares represented by unvested restricted stock units were offset by an equivalent number of shares of common stock that would be purchased under the treasury stock method. Warrants to purchase 4,310 shares of common stock have been excluded from the calculation of diluted net income per share in the three and six month periods ended June 30, 2015 , since the $12.00 warrant exercise price was higher than the weighted average share price during the respective periods.

DETAIL OF SELECTED BALANCE SHEE

DETAIL OF SELECTED BALANCE SHEET ACCOUNTS	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DETAIL OF SELECTED BALANCE SHEET ACCOUNTS	DETAIL OF SELECTED BALANCE SHEET ACCOUNTS Accounts Receivable Accounts receivable is comprised of the following: June 30, 2016 December 31, 2015 Accounts receivable $ 123,603 $ 67,882 Less allowance for doubtful accounts (653 ) — Accounts receivable, net $ 122,950 $ 67,882 Property and Equipment Property and equipment is comprised of the following: June 30, 2016 December 31, 2015 Property and equipment $ 125,089 $ 123,186 Less accumulated depreciation and amortization (70,561 ) (61,358 ) Property and equipment, net $ 54,528 $ 61,828 Intangible Assets Intangible assets are comprised of the following: June 30, 2016 December 31, 2015 Intangible assets $ 1,383 $ 1,329 Less accumulated amortization (587 ) (540 ) Intangible assets, net $ 796 $ 789 Accrued Liabilities Accrued liabilities are comprised of the following: June 30, 2016 December 31, 2015 Accrued payroll liabilities $ 9,626 $ 5,794 Accrued interest 6,501 6,463 Other accrued liabilities 6,404 5,561 Total accrued liabilities $ 22,531 $ 17,818

REVOLVING CREDIT FACILITY

REVOLVING CREDIT FACILITY	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITY	REVOLVING CREDIT FACILITY On November 6, 2014 , SAExploration, Inc. (“Borrower”), SAExploration Holdings, Inc. (“Corporation”) and the Corporation’s other domestic subsidiaries and Wells Fargo Bank, National Association ("Wells Fargo" or “Lender”) entered into a Credit and Security Agreement. The credit agreement provides for a $20,000 revolving line of credit facility ("Revolving Credit Facility") secured by the Corporation’s and the Corporation's domestic subsidiaries' U.S. assets, including accounts receivable and equipment, subject to certain exclusions and exceptions as set forth in the credit agreement. The proceeds of the Revolving Credit Facility are primarily used to fund the Corporation’s working capital needs for its operations and for general corporate purposes. As of June 30, 2016 and December 31, 2015 , borrowings of $14,646 and $7,899 , respectively, were outstanding under the Revolving Credit Facility. Borrowings made under the Revolving Credit Facility bear interest, payable monthly, at a rate of daily three month LIBOR plus 3% ( 3.65% at June 30, 2016 and 3.61% at December 31, 2015 ). The Revolving Credit Facility has a maturity date of November 6, 2017 , unless terminated earlier. The Corporation may request, and the Lender may grant, an increase to the maximum amount available under the Revolving Credit Facility in minimum increments of $1,000 not to exceed an additional $10,000 in the aggregate, so long as certain conditions as described in the credit agreement are met. The credit agreement includes a sub-facility for letters of credit in amounts up to the lesser of the available borrowing base or $10,000 . Letters of credit are subject to Lender approval and a fee which accrues at the annual rate of 3% of the undrawn daily balance of the outstanding letters of credit, payable monthly. An unused line fee of 0.5% per annum of the daily average of the maximum Revolving Credit Facility amount reduced by outstanding borrowings and letters of credit is payable monthly. As of June 30, 2016 and December 31, 2015 , letters of credit totaling $ 1,300 and $ 100 , respectively, were outstanding under the sub-facility. For a complete discussion of the terms and security for the Revolving Credit Facility, see Note 5 of Notes to Consolidated Financial Statements included in the Corporation's Amended 10-K. Under the Revolving Credit Facility, borrowings are subject to borrowing base availability and may not exceed 85% of the amount of eligible accounts receivable, as defined, plus the lesser of $20,000 or 85% of the orderly net liquidation value of existing eligible equipment per appraisal and 85% of hard costs of acquired eligible equipment, less the aggregate amount of any reserves established by the Lender. If borrowings under the revolving credit facility exceed $5,000 , the Corporation is subject to minimum rolling 12 months EBITDA requirements of $20,000 on a consolidated basis and $8,000 on the Corporation’s operations in the State of Alaska. The credit agreement contains covenants including, but not limited to (i) maintain and deliver to Lender, as required, certain financial reports, records and other items, (ii) subject to certain exceptions under the credit agreement, restrictions on the ability of the Corporation to incur indebtedness, create or incur liens, enter into fundamental changes to corporate structure or to the nature of the business of the Corporation, dispose of assets, permit a change in control, acquire non-permitted investments, enter into affiliate transactions or make distributions, (iii) maintain the minimum EBITDA specified above and (iv) maintain eligible equipment, as defined, located in the State of Alaska with a value of at least 75% of the value of such equipment included in the borrowing base availability plus the value of equipment outside the United States which would be otherwise eligible under the credit agreement. The credit agreement also contains representations, warranties, covenants and other terms and conditions, including relating to the payment of fees to the Lender, which are customary for agreements of this type. The Corporation was in compliance with the credit agreement covenants as of June 30, 2016 . In connection with the Restructuring discussed in Note 2, the Corporation and Lender entered into an amendment to the Revolving Credit Facility on June 29, 2016, to permit the entry into and borrowings under the new Senior Loan Facility, the issuance of the New Second Lien Notes, the entry into an amended and restated intercreditor agreement, the amendments to the existing security agreement and any necessary amendments to the collateral agreements relating to the Existing Notes and consented to and waived any and all defaults or events of default resulting directly from the Restructuring. The Corporation paid a $30 fee in connection with the execution of the amendment, which was charged to selling, general and administrative expenses in the three and six month periods ended June 30, 2016 . SENIOR LOAN FACILITY On June 29, 2016, the Corporation, as borrower, and each of the Corporation’s domestic subsidiaries, as guarantors (the “Guarantors”), entered into the Senior Loan Facility with the Supporting Holders of the Existing Notes. In addition to the Supporting Holders, certain holders of the Existing Notes subsequently elected to participate as lenders in the Senior Loan Facility based on their proportionate ownership of the Existing Notes. The Senior Loan Facility provides funding up to a maximum amount of $30,000 , of which $5,600 was borrowed on June 29, 2016 and was outstanding on June 30, 2016 . A second draw in the amount of $9,400 was made on July 27, 2016, and the remaining $15,000 will become available for borrowing on up to three separate dates based upon receipt by the Corporation of Alaska Tax Credits of not less than $25,000 . Borrowings under the Senior Loan Facility bear interest at a rate of 10% per year, payable monthly. The Senior Loan Facility has a maturity date of January 2, 2018, unless terminated earlier. In connection with the borrowing, costs consisting of a $600 facility fee and legal and investment banking costs of $360 were recorded as deferred loan issuance costs in the three-month period ended June 30, 2016. As part of the consideration for providing the Senior Loan Facility, 2,803,302 shares of Corporation common stock were issued to the lenders on July 27, 2016 which will be recorded at fair value in the three-month period ended September 30, 2016. The Senior Loan Facility is secured by substantially all of the collateral securing the obligations under (i) the Credit and Security Agreement dated November 6, 2014, as amended, among the Corporation and its domestic subsidiaries, Wells Fargo and (ii) the Existing Notes, respectively, including the receivable due to the Corporation discussed in Note 3. This security interest is junior to the security interest in such collateral securing the obligations under the Revolving Credit Facility and senior to the security interests in such collateral securing the obligations under the New Second Lien Notes and the Existing Notes. The Senior Loan Facility contains negative covenants that restrict the Corporation’s and the Guarantors’ ability to incur indebtedness, create or incur liens, enter into fundamental changes to the Corporation’s corporate structure or to the nature of the Corporation’s business, dispose of assets, permit a change in control to occur, make certain prepayments, other payments and distributions, make certain investments, enter into affiliate transactions or make certain distributions, and maintain and deliver certain financial reports, projections, records and other items. The Senior Loan Facility also contains customary representations, warranties, covenants and other terms and conditions, including relating to the payment of fees to the New Senior Loan Facility Agent and the lenders, and customary events of default. On June 29, 2016, the Corporation, the guarantors party thereto (the “Existing Notes Guarantors”) and Wilmington Savings Fund Society, FSB (successor to U.S. Bank National Association), as trustee for the Existing Notes (the “Existing Trustee”), entered into a first supplemental indenture (the “Supplemental Indenture”) to the indenture governing the Existing Notes (the “Existing Indenture”). The Supplemental Indenture modified the Existing Indenture to, among other things, permit the incurrence of additional secured indebtedness pursuant to the Senior Loan Facility and through the issuance of the New Second Lien Notes in the Exchange Offer. The Supplemental Indenture includes additional changes necessary to give effect to the Restructuring and directs the Existing Trustee, in its capacity as noteholder collateral agent for the Existing Notes, to enter into the Amended and Restated Intercreditor Agreement and the amendment to the Existing Security Agreement, each as described below, on behalf of the Existing Holders. The material terms of the Existing Indenture, other than the amendments summarized above, remain substantially as set forth in the Existing Indenture. On June 29, 2016, Wells Fargo, in its capacity as lender and collateral agent under the Revolving Credit Facility, Wilmington Savings Fund Society, FSB (successor to U.S. Bank National Association), in its capacity as trustee and collateral agent for the Existing Notes, and Delaware Trust Corporation, in its capacity as administrative agent and collateral agent for the Senior Loan Facility, amended and restated the Intercreditor Agreement, dated as of November 6, 2014, by and between Wells Fargo and Wilmington Savings Fund Society, FSB (as successor to U.S. Bank National Association) (the “Existing Intercreditor Agreement” and as amended and restated, the “Amended and Restated Intercreditor Agreement”), to govern the relationship of the Existing Holders, the holders of New Second Lien Notes, and the lenders under the Corporation’s Revolving Credit Facility and Senior Loan Facility, with respect to the collateral and certain other matters. The Amended and Restated Intercreditor Agreement, among other things, modifies the terms of the Existing Intercreditor Agreement to (i) establish the relative priorities, rights, obligations and remedies with respect to the collateral among the Existing Holders, the holders of the New Second Lien Notes, the lenders under the Revolving Credit Facility, the lenders under the Senior Loan Facility, the holders of future debt that is permitted to share the security interests currently held by the Existing Holders, the holders of the New Second Lien Notes, the lenders under the Revolving Credit Facility and the lenders under the Senior Loan Facility, as the case may be, on a pari passu basis and the collateral agents of the foregoing (collectively, the “Secured Parties”); and (ii) modify the terms of the Existing Intercreditor Agreement to permit the holders of obligations under the Senior Loan Facility and the New Second Lien Notes to share the security interests currently held by the Existing Holders and Wells Fargo as the lender under the Revolving Credit Facility as follows: • the obligations under the Revolving Credit Facility will be secured by all of the existing collateral on a senior first lien priority basis; • the obligations under the Senior Loan Facility will be secured by all of the existing collateral on a junior first lien priority basis; • the obligations under the New Second Lien Notes will be secured by substantially all of the existing collateral on a second lien priority basis; and • the obligations under the Existing Notes will be secured by substantially all of the existing collateral on a third lien priority basis. In addition, the Amended and Restated Intercreditor Agreement provides that, following a triggering event, as among the Secured Parties, the Senior Representative will have the right (subject to a purchase option by the other Secured Parties) to, or the right to direct any other collateral agent to, adjust or settle insurance policies or claims in the event of any loss thereunder relating to insurance proceeds with respect to collateral, to approve any award granted in any condemnation or similar proceeding affecting such insurance proceeds and to enforce rights, exercise remedies and discretionary rights and powers with respect to collateral; and similarly, the Secured Parties will agree that if the Corporation or any guarantor becomes subject to a case under the U.S. Bankruptcy Code, the Secured Parties will only be permitted to object to a debtor-in-possession financing or the use of cash collateral if the Secured Parties for which the Senior Representative is the collateral agent also object. The “Senior Representative” under the Amended and Restated Intercreditor Agreement will be Wells Fargo as the Revolving Credit Facility Agent, until the obligations under the Revolving Credit Facility have been discharged in full, after which the New Senior Loan Facility Agent will be the Senior Representative; and once the Revolving Credit Facility Agent and the New Senior Loan Facility Agent each cease to be the Senior Representative and the obligations under each of the Revolving Credit Facility and New Senior Loan Facility have been discharged in full, the Senior Representative will be Wilmington Savings Fund Society, FSB, as the New Noteholder Collateral Agent. The material terms of the Amended and Restated Intercreditor Agreement, other than those summarized above, remain substantially as set forth in the Existing Intercreditor Agreement, except that the Noteholder Collateral Agent will no longer have a first-priority security interest in the “Noteholder Priority Collateral” (as such term is defined in the Existing Intercreditor Agreement). On June 29, 2016, the Corporation and the Existing Notes Guarantors, as pledgors, also entered into an amendment (the “Security Agreement Amendment”) to the Security Agreement, dated as of July 2, 2014 (as amended from time to time, the “Existing Security Agreement”), with Wilmington Savings Fund Society, FSB, as noteholder collateral agent for the Existing Notes. The Security Agreement Amendment introduced conforming changes to reflect the provisions incorporated into the Amended and Restated Intercreditor Agreement.

SENIOR LOAN FACILITY

SENIOR LOAN FACILITY	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
SENIOR LOAN FACILITY	REVOLVING CREDIT FACILITY On November 6, 2014 , SAExploration, Inc. (“Borrower”), SAExploration Holdings, Inc. (“Corporation”) and the Corporation’s other domestic subsidiaries and Wells Fargo Bank, National Association ("Wells Fargo" or “Lender”) entered into a Credit and Security Agreement. The credit agreement provides for a $20,000 revolving line of credit facility ("Revolving Credit Facility") secured by the Corporation’s and the Corporation's domestic subsidiaries' U.S. assets, including accounts receivable and equipment, subject to certain exclusions and exceptions as set forth in the credit agreement. The proceeds of the Revolving Credit Facility are primarily used to fund the Corporation’s working capital needs for its operations and for general corporate purposes. As of June 30, 2016 and December 31, 2015 , borrowings of $14,646 and $7,899 , respectively, were outstanding under the Revolving Credit Facility. Borrowings made under the Revolving Credit Facility bear interest, payable monthly, at a rate of daily three month LIBOR plus 3% ( 3.65% at June 30, 2016 and 3.61% at December 31, 2015 ). The Revolving Credit Facility has a maturity date of November 6, 2017 , unless terminated earlier. The Corporation may request, and the Lender may grant, an increase to the maximum amount available under the Revolving Credit Facility in minimum increments of $1,000 not to exceed an additional $10,000 in the aggregate, so long as certain conditions as described in the credit agreement are met. The credit agreement includes a sub-facility for letters of credit in amounts up to the lesser of the available borrowing base or $10,000 . Letters of credit are subject to Lender approval and a fee which accrues at the annual rate of 3% of the undrawn daily balance of the outstanding letters of credit, payable monthly. An unused line fee of 0.5% per annum of the daily average of the maximum Revolving Credit Facility amount reduced by outstanding borrowings and letters of credit is payable monthly. As of June 30, 2016 and December 31, 2015 , letters of credit totaling $ 1,300 and $ 100 , respectively, were outstanding under the sub-facility. For a complete discussion of the terms and security for the Revolving Credit Facility, see Note 5 of Notes to Consolidated Financial Statements included in the Corporation's Amended 10-K. Under the Revolving Credit Facility, borrowings are subject to borrowing base availability and may not exceed 85% of the amount of eligible accounts receivable, as defined, plus the lesser of $20,000 or 85% of the orderly net liquidation value of existing eligible equipment per appraisal and 85% of hard costs of acquired eligible equipment, less the aggregate amount of any reserves established by the Lender. If borrowings under the revolving credit facility exceed $5,000 , the Corporation is subject to minimum rolling 12 months EBITDA requirements of $20,000 on a consolidated basis and $8,000 on the Corporation’s operations in the State of Alaska. The credit agreement contains covenants including, but not limited to (i) maintain and deliver to Lender, as required, certain financial reports, records and other items, (ii) subject to certain exceptions under the credit agreement, restrictions on the ability of the Corporation to incur indebtedness, create or incur liens, enter into fundamental changes to corporate structure or to the nature of the business of the Corporation, dispose of assets, permit a change in control, acquire non-permitted investments, enter into affiliate transactions or make distributions, (iii) maintain the minimum EBITDA specified above and (iv) maintain eligible equipment, as defined, located in the State of Alaska with a value of at least 75% of the value of such equipment included in the borrowing base availability plus the value of equipment outside the United States which would be otherwise eligible under the credit agreement. The credit agreement also contains representations, warranties, covenants and other terms and conditions, including relating to the payment of fees to the Lender, which are customary for agreements of this type. The Corporation was in compliance with the credit agreement covenants as of June 30, 2016 . In connection with the Restructuring discussed in Note 2, the Corporation and Lender entered into an amendment to the Revolving Credit Facility on June 29, 2016, to permit the entry into and borrowings under the new Senior Loan Facility, the issuance of the New Second Lien Notes, the entry into an amended and restated intercreditor agreement, the amendments to the existing security agreement and any necessary amendments to the collateral agreements relating to the Existing Notes and consented to and waived any and all defaults or events of default resulting directly from the Restructuring. The Corporation paid a $30 fee in connection with the execution of the amendment, which was charged to selling, general and administrative expenses in the three and six month periods ended June 30, 2016 . SENIOR LOAN FACILITY On June 29, 2016, the Corporation, as borrower, and each of the Corporation’s domestic subsidiaries, as guarantors (the “Guarantors”), entered into the Senior Loan Facility with the Supporting Holders of the Existing Notes. In addition to the Supporting Holders, certain holders of the Existing Notes subsequently elected to participate as lenders in the Senior Loan Facility based on their proportionate ownership of the Existing Notes. The Senior Loan Facility provides funding up to a maximum amount of $30,000 , of which $5,600 was borrowed on June 29, 2016 and was outstanding on June 30, 2016 . A second draw in the amount of $9,400 was made on July 27, 2016, and the remaining $15,000 will become available for borrowing on up to three separate dates based upon receipt by the Corporation of Alaska Tax Credits of not less than $25,000 . Borrowings under the Senior Loan Facility bear interest at a rate of 10% per year, payable monthly. The Senior Loan Facility has a maturity date of January 2, 2018, unless terminated earlier. In connection with the borrowing, costs consisting of a $600 facility fee and legal and investment banking costs of $360 were recorded as deferred loan issuance costs in the three-month period ended June 30, 2016. As part of the consideration for providing the Senior Loan Facility, 2,803,302 shares of Corporation common stock were issued to the lenders on July 27, 2016 which will be recorded at fair value in the three-month period ended September 30, 2016. The Senior Loan Facility is secured by substantially all of the collateral securing the obligations under (i) the Credit and Security Agreement dated November 6, 2014, as amended, among the Corporation and its domestic subsidiaries, Wells Fargo and (ii) the Existing Notes, respectively, including the receivable due to the Corporation discussed in Note 3. This security interest is junior to the security interest in such collateral securing the obligations under the Revolving Credit Facility and senior to the security interests in such collateral securing the obligations under the New Second Lien Notes and the Existing Notes. The Senior Loan Facility contains negative covenants that restrict the Corporation’s and the Guarantors’ ability to incur indebtedness, create or incur liens, enter into fundamental changes to the Corporation’s corporate structure or to the nature of the Corporation’s business, dispose of assets, permit a change in control to occur, make certain prepayments, other payments and distributions, make certain investments, enter into affiliate transactions or make certain distributions, and maintain and deliver certain financial reports, projections, records and other items. The Senior Loan Facility also contains customary representations, warranties, covenants and other terms and conditions, including relating to the payment of fees to the New Senior Loan Facility Agent and the lenders, and customary events of default. On June 29, 2016, the Corporation, the guarantors party thereto (the “Existing Notes Guarantors”) and Wilmington Savings Fund Society, FSB (successor to U.S. Bank National Association), as trustee for the Existing Notes (the “Existing Trustee”), entered into a first supplemental indenture (the “Supplemental Indenture”) to the indenture governing the Existing Notes (the “Existing Indenture”). The Supplemental Indenture modified the Existing Indenture to, among other things, permit the incurrence of additional secured indebtedness pursuant to the Senior Loan Facility and through the issuance of the New Second Lien Notes in the Exchange Offer. The Supplemental Indenture includes additional changes necessary to give effect to the Restructuring and directs the Existing Trustee, in its capacity as noteholder collateral agent for the Existing Notes, to enter into the Amended and Restated Intercreditor Agreement and the amendment to the Existing Security Agreement, each as described below, on behalf of the Existing Holders. The material terms of the Existing Indenture, other than the amendments summarized above, remain substantially as set forth in the Existing Indenture. On June 29, 2016, Wells Fargo, in its capacity as lender and collateral agent under the Revolving Credit Facility, Wilmington Savings Fund Society, FSB (successor to U.S. Bank National Association), in its capacity as trustee and collateral agent for the Existing Notes, and Delaware Trust Corporation, in its capacity as administrative agent and collateral agent for the Senior Loan Facility, amended and restated the Intercreditor Agreement, dated as of November 6, 2014, by and between Wells Fargo and Wilmington Savings Fund Society, FSB (as successor to U.S. Bank National Association) (the “Existing Intercreditor Agreement” and as amended and restated, the “Amended and Restated Intercreditor Agreement”), to govern the relationship of the Existing Holders, the holders of New Second Lien Notes, and the lenders under the Corporation’s Revolving Credit Facility and Senior Loan Facility, with respect to the collateral and certain other matters. The Amended and Restated Intercreditor Agreement, among other things, modifies the terms of the Existing Intercreditor Agreement to (i) establish the relative priorities, rights, obligations and remedies with respect to the collateral among the Existing Holders, the holders of the New Second Lien Notes, the lenders under the Revolving Credit Facility, the lenders under the Senior Loan Facility, the holders of future debt that is permitted to share the security interests currently held by the Existing Holders, the holders of the New Second Lien Notes, the lenders under the Revolving Credit Facility and the lenders under the Senior Loan Facility, as the case may be, on a pari passu basis and the collateral agents of the foregoing (collectively, the “Secured Parties”); and (ii) modify the terms of the Existing Intercreditor Agreement to permit the holders of obligations under the Senior Loan Facility and the New Second Lien Notes to share the security interests currently held by the Existing Holders and Wells Fargo as the lender under the Revolving Credit Facility as follows: • the obligations under the Revolving Credit Facility will be secured by all of the existing collateral on a senior first lien priority basis; • the obligations under the Senior Loan Facility will be secured by all of the existing collateral on a junior first lien priority basis; • the obligations under the New Second Lien Notes will be secured by substantially all of the existing collateral on a second lien priority basis; and • the obligations under the Existing Notes will be secured by substantially all of the existing collateral on a third lien priority basis. In addition, the Amended and Restated Intercreditor Agreement provides that, following a triggering event, as among the Secured Parties, the Senior Representative will have the right (subject to a purchase option by the other Secured Parties) to, or the right to direct any other collateral agent to, adjust or settle insurance policies or claims in the event of any loss thereunder relating to insurance proceeds with respect to collateral, to approve any award granted in any condemnation or similar proceeding affecting such insurance proceeds and to enforce rights, exercise remedies and discretionary rights and powers with respect to collateral; and similarly, the Secured Parties will agree that if the Corporation or any guarantor becomes subject to a case under the U.S. Bankruptcy Code, the Secured Parties will only be permitted to object to a debtor-in-possession financing or the use of cash collateral if the Secured Parties for which the Senior Representative is the collateral agent also object. The “Senior Representative” under the Amended and Restated Intercreditor Agreement will be Wells Fargo as the Revolving Credit Facility Agent, until the obligations under the Revolving Credit Facility have been discharged in full, after which the New Senior Loan Facility Agent will be the Senior Representative; and once the Revolving Credit Facility Agent and the New Senior Loan Facility Agent each cease to be the Senior Representative and the obligations under each of the Revolving Credit Facility and New Senior Loan Facility have been discharged in full, the Senior Representative will be Wilmington Savings Fund Society, FSB, as the New Noteholder Collateral Agent. The material terms of the Amended and Restated Intercreditor Agreement, other than those summarized above, remain substantially as set forth in the Existing Intercreditor Agreement, except that the Noteholder Collateral Agent will no longer have a first-priority security interest in the “Noteholder Priority Collateral” (as such term is defined in the Existing Intercreditor Agreement). On June 29, 2016, the Corporation and the Existing Notes Guarantors, as pledgors, also entered into an amendment (the “Security Agreement Amendment”) to the Security Agreement, dated as of July 2, 2014 (as amended from time to time, the “Existing Security Agreement”), with Wilmington Savings Fund Society, FSB, as noteholder collateral agent for the Existing Notes. The Security Agreement Amendment introduced conforming changes to reflect the provisions incorporated into the Amended and Restated Intercreditor Agreement.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTES PAYABLE Senior secured notes outstanding were as follows: June 30, 2016 December 31, 2015 Senior secured notes: Principal outstanding $ 140,000 $ 140,000 Less unamortized deferred loan issuance costs 3,746 4,370 Total senior secured notes outstanding 136,254 135,630 Less current portion of senior secured notes — — Total long-term portion of senior secured notes $ 136,254 $ 135,630 On July 2, 2014 , the Corporation entered into an indenture under which it issued $150,000 of senior secured notes due July 15, 2019 , in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. On June 19, 2015, all outstanding senior secured notes were exchanged for an equal amount of new senior secured notes ("Existing Notes"), which are substantially identical in terms to the existing senior secured notes except that the Existing Notes are registered under the Securities Act of 1933, as amended. The Existing Notes bear interest at the annual rate of 10% payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2015. For a complete discussion of the terms and security for the Existing Notes, see Note 6 of Notes to Consolidated Financial Statements included in the Corporation's Amended 10-K. The indenture contains covenants which include limitations on the Corporation's ability to: (i) transfer or sell assets; (ii) pay dividends, redeem subordinated indebtedness or make other restricted payments; (iii) incur or guarantee additional indebtedness or, with respect to the Corporation's restricted subsidiaries, issue preferred stock; (iv) create or incur liens; (v) incur dividend or other payment restrictions affecting its restricted subsidiaries; (vi) consummate a merger, consolidation or sale of all or substantially all of its or its subsidiaries’ assets; (vii) enter into transactions with affiliates; (viii) engage in business other than its current business and reasonably related extensions thereof; and (ix) take or omit to take any actions that would adversely affect or impair in any material respect the collateral securing the Existing Notes. The Corporation was in compliance with the indenture covenants as of June 30, 2016 . Exchange of Existing Notes for New Second Lien Notes As discussed in Note 2, the Corporation commenced an offer on June 24, 2016 to exchange each $1 of the Existing Notes for (i) $0.50 of newly issued 10% Senior Secured Second Lien Notes due 2019 and (ii) 46.41 shares of newly issued Corporation common stock (giving effect to a 135-for-1 reverse stock split that was effected in connection with closing of the Exchange Offer). The Exchange Offer expired on July 22, 2016 and closed on July 27, 2016. On the Closing Date, a total of $138,128 face value of the Existing Notes were exchanged for (i) $76,523 New Second Lien Notes, including $ 7,459 New Second Lien Notes representing accrued and unpaid interest and (ii) 6,410,502 shares of Corporation common stock, which will be recorded at fair value. The exchange will be accounted for during the three-month period ending September 30, 2016. In connection with the exchange, the Corporation recognized debt restructuring costs of $2,334 during the three and six-month periods ended June 30, 2016. In connection with the Exchange Offer, the Corporation also completed a consent solicitation to make certain proposed limited amendments to the terms of the indenture for the Existing Notes, the related security documents and the existing intercreditor agreement to permit the Restructuring as discussed in Note 7. The New Second Lien Notes terms are substantially similar to the Existing Notes with the following modifications: • The New Second Lien Notes have a maturity date of September 24, 2019, provided that, if any of the Existing Notes remain outstanding as of March 31, 2019, the maturity date of the New Second Lien Notes will become April 14, 2019 upon the vote of the holders of a majority of the then-outstanding New Second Lien Notes. • The liens securing the New Second Lien Notes are junior to the liens securing the Senior Loan Facility and senior to the liens securing the Existing Notes after the Closing Date. • In addition to the exchange consideration, each participating holder received accrued and unpaid interest on its tendered Existing Notes that were accepted for exchange from their last interest payment date of January 15, 2016 to, but not including, the settlement date, which was paid in the form of New Second Lien Notes with a principal amount equal to the amount of such accrued and unpaid interest totaling $7,459 . • Interest on the New Second Lien Notes is payable quarterly. The Corporation may elect to pay interest on the New Second Lien Notes in kind with additional New Second Lien Notes for the first twelve months of interest payment dates following the Closing Date, provided that, if the Corporation makes this election, the interest on the New Second Lien Notes for such in kind payments will accrue at a per annum rate 1% percent higher than the cash interest rate of 10% . • The New Second Lien Notes have a special redemption right at par of up to $35 million of the issuance to be paid out of the proceeds of the Alaska Tax Credit certificates and shall be conditioned upon payment in full of the Revolving Credit Facility and the Senior Loan Facility. • The New Second Lien Notes include a make-whole provision requiring that if the New Second Lien Notes are accelerated or otherwise become due and payable prior to their stated maturity due to an Event of Default (including but not limited to a bankruptcy or liquidation of the Corporation (including the acceleration of claims by operation of law)), then the applicable premium payable with respect to an optional redemption will also be immediately due and payable, along with the principal of, accrued and unpaid interest on, the New Second Lien Notes and shall constitute part of the obligations in respect thereof as if such acceleration were an optional redemption of the New Second Lien Notes, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of each holder’s lost profits as a result thereof.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Corporation’s effective tax rate was 75.7% and 7.9% for the three months ended June 30, 2016 and 2015 , respectively. The increase in the 2016 effective tax rate is primarily due to several factors including fluctuations in earnings among the various jurisdictions in which the Corporation operates, partially offset by increases in permanent tax differences and foreign tax rate differentials. The Corporation’s effective tax rate was 16.3% and 17.3% for the six months ended June 30, 2016 and 2015 , respectively. The decrease in the 2016 effective tax rate is primarily due to several factors including fluctuations in earnings among the various jurisdictions in which the Corporation operates, partially offset by increases in permanent tax differences and foreign tax rate differentials. The primary reason the 2016 effective tax rate differs from the 35% Federal statutory corporate rate is the reversal of valuation allowances, offset by increases in permanent tax differences and foreign tax rate differentials. Earnings associated with the investments in the Corporation’s foreign subsidiaries are considered to be indefinitely reinvested outside of the U.S. Therefore, a U.S. provision for income taxes on those earnings or translation adjustments has not been recorded, as permitted by criterion outlined in ASC 740 “Income Taxes.” Determination of any unrecognized deferred tax liability for temporary differences related to investments in foreign subsidiaries that are essentially permanent in duration is not practicable due to the inherent complexity of the multi-national tax environment in which the Corporation operates. The Corporation believes that without positive evidence, it is more likely than not that the benefit from certain net operating loss (“NOL”) carryforwards and foreign tax credits may not be realized. In recognition of this risk, the Corporation has maintained a full valuation allowance for the deferred tax assets relating to these NOL carryforwards and foreign tax credits of certain countries.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Preferred Stock The Corporation is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designations, rights, and preferences as may be determined from time to time by the Corporation’s Board of Directors. As of June 30, 2016 and December 31, 2015 , there were no shares of preferred stock issued or outstanding. Common Stock The Corporation is authorized to issue 55,000,000 shares of common stock with a par value of $0.0001 per share. On June 15, 2016, the Corporation’s board of directors authorized a 135-for-1 reverse split of the outstanding common stock effective as of the Closing Date of the Restructuring. All share and per share amounts for all periods presented have been adjusted to reflect the reverse split as though it had occurred prior to the earliest period presented. As of June 30, 2016 and December 31, 2015 , a total of 129,848 and 129,269 shares were issued and outstanding, respectively. Warrants A total of 4,310 warrants with an expiration date of June 24, 2016 and an exercise price of $12.00 per share expired unexercised. As an element of the Restructuring discussed in Note 2, on the Closing Date, the Corporation granted to stockholders of record on July 26, 2016, 154,108 Series A Warrants and 154,108 Series B Warrants (together the "Warrants") to purchase shares of the Corporation's common stock. Each Warrant will entitle the holder to purchase one share of the Corporation's common stock. The Series A Warrants and Series B Warrants have exercise prices of $10.30 and $12.88 , respectively, and expire on July 27, 2021. The Warrants will become exercisable 30 days in advance of their expiration date contingent upon the receipt by the Corporation of tax credit certificates in a face amount of at least $25 million issued by the State of Alaska to the Corporation. The warrants will be recorded at fair value during the three-month period ended September 30, 2016. Common Stock Held in Escrow in Connection with Merger The Corporation was initially formed on February 2, 2011 under the name Trio Merger Corp. as a blank check company in order to effect a merger, capital stock exchange, asset acquisition or other similar business combination with one or more business entities. On June 24, 2013 (the "Closing"), a wholly-owned subsidiary of the Corporation completed a merger ("Merger") under an Agreement and Plan of Reorganization, as amended ("Merger Agreement") with the entity formerly known as SAExploration Holdings, Inc. (“Former SAE”), at which time the business of Former SAE became the Corporation’s business. Merger Consideration Escrow A portion of the merger consideration payable at Closing was allocable to holders of certain derivative securities of Former SAE that were not converted or exchanged prior to the Merger. As of June 30, 2016 , a total of 200 shares of Corporation common stock were held in escrow pending the conversion or exercise of those derivative securities (the “Merger Consideration Escrow”). The escrow agreement provides that CLCH, LLC ("CLCH"), as nominee of the Corporation, will have voting control over all shares of Corporation common stock held in the Merger Consideration Escrow. Merger Indemnification Escrow In connection with the Merger, 4,041 shares of Corporation common stock issued to Former SAE stockholders at Closing were deposited in escrow to secure the indemnification obligations under the Merger Agreement. As of May 23, 2016, the remaining escrowed shares had been released to the Former SAE stockholders.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION 2013 Long Term Incentive Plan Share-based compensation expense for stock option and restricted stock unit awards in the three and six months ended June 30, 2016 was $ 178 and $ 343 , respectively. Share-based compensation expense for stock option and restricted stock unit awards in the three and six months ended June 30, 2015 was $ 7 and $ 7 , respectively. As an element of the Restructuring discussed in Note 2, the Corporation accelerated the vesting of all existing awards under its 2013 Long-Term Incentive Plan effective as of the Closing Date. As a result of the accelerated vesting, the Corporation will charge the remaining unrecognized compensation expense on existing awards of $237 to the results of operations during the three-month period ending September 30, 2016. 2016 Long Term Incentive Plan On August 3, 2016 the Board of Directors approved and adopted the 2016 Long Term Incentive Plan (“2016 Plan”), for the purpose of promoting the long-term success of the Corporation and the creation of value for its stockholders. On August 4, 2016, the Corporation received written consents from the holders of a majority of the shares of its common stock outstanding approving and adopting the 2016 Plan. The Company will file an Information Statement on Schedule 14C with the Securities and Exchange Commission (the “Information Statement”) and the 2016 Plan will become effective twenty calendar days following the mailing of the Information Statement. The 2016 Plan supersedes any prior management or employee stock compensation plan of the Corporation in effect on the Closing Date. The 2016 Plan provides for awards of stock options, stock appreciation rights, restricted shares, stock units and performance cash awards. The 2016 Plan reserves 1,038,258 shares of common stock (“MIP Shares”) for distribution to covered employees. The 2016 Plan requires that 622,955 of the shares reserved for issuance be granted to certain employees of the Corporation as soon as administratively practicable after effectiveness of the stockholder approval, in the form of stock units and options, on the terms and subject to the conditions set forth in the 2016 Plan. Senior management will receive 60% of the MIP Shares, of which 1/3 will vest on each of (1) the earlier of (a) the first anniversary of the Closing Date and (b) the date the Corporation receives Alaskan Tax Credit certificates in a face amount of at least $25 million , and (2) each anniversary of the Closing Date for the two years thereafter in the form of: (i) shares equal to 3% of the Corporation’s outstanding Common Stock as of the Closing Date on a fully diluted basis; and (ii) at-the-money incentive options to acquire shares equal to 3% of the Corporation’s outstanding common stock as of the Closing Date on terms to be defined. The remaining 40% of MIP Shares shall be granted to members of management and other key employees and distributed according to a vesting schedule to be determined by the Board.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The Corporation has certain assets and liabilities that are required to be measured and disclosed at fair value in accordance with GAAP. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. When an asset or liability is required to be measured at fair value, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs using a fair value hierarchy as follows: Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets. Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. Measurement is based on prices or valuation models requiring inputs that are both significant to the fair value measurement and supported by little or no market activity. The carrying amount of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued liabilities, borrowings under the Revolving Credit Facility and borrowings under the Senior Loan Facility are a reasonable estimate of their fair values due to their short duration. There were no Corporation financial instruments measured at fair value on a recurring basis at June 30, 2016 , December 31, 2015 or June 30, 2015 . The Corporation financial instruments not recorded at fair value consist of the Existing Notes. At June 30, 2016 , the carrying value of the Existing Notes was $ 136,254 and the estimated fair value was $65,800 . The fair value is determined by a market approach using dealer quoted period-end bond prices. This instrument is classified as Level 2 as valuation inputs for fair value measurements are dealer quoted market prices at June 30, 2016 obtained from independent third party sources. However, no assurance can be given that the fair value would be the amount realized in an active market exchange. The Corporation's non-financial assets include goodwill, property and equipment, and other intangible assets, which are classified as Level 3 assets. These assets are measured at fair value on a nonrecurring basis as part of the Corporation's impairment assessments and as circumstances require. Goodwill is subjected to an annual review for impairment or more frequently as required.

NONCONTROLLING INTEREST

NONCONTROLLING INTEREST	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
NONCONTROLLING INTEREST	NONCONTROLLING INTEREST Effective November 19, 2012 , an agreement was entered into between a subsidiary of the Corporation and Kuukpik Corporation (“Kuukpik”) to form a separate legal entity (“Joint Venture”) for the purpose of performing contracts for the acquisition and development of geophysical and seismic data and for geophysical and seismic services and any and all related work anywhere on the North Slope of Alaska (onshore or offshore) for a period of five years . The Corporation's and Kuukpik’s percentage ownership interests in the Joint Venture are 49.0% and 51.0% , respectively. The sole source of revenue of the Joint Venture is contracts performed by the Corporation. Pre-award costs incurred on potential contracts by Kuukpik and the Corporation are absorbed by each party and not by the Joint Venture. The Joint Venture receives 10% of gross revenues of all North Slope of Alaska contracts performed by the Corporation, which is distributed to Kuukpik and the Corporation based on their relative ownership percentages. Risk of loss on a contract, including credit risk, is the Corporation's sole responsibility. Based on its power to influence the significant business activities of the Joint Venture and its responsibility to absorb contract losses, the Corporation was determined to be the primary beneficiary under GAAP and as such consolidates the Joint Venture. The results of the Joint Venture are combined with the Corporation and all intercompany transactions are eliminated upon consolidation. Amounts reflected for the Joint Venture in the unaudited condensed consolidated financial statements consist of the balances reported under net income attributable to noncontrolling interest for the three and six month periods ended June 30, 2016 and 2015 and noncontrolling interest on the June 30, 2016 and December 31, 2015 balance sheets.

RELATED PARTY TRANSACTIONS (Not

RELATED PARTY TRANSACTIONS (Notes)	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Jeff Hastings, the Corporation’s Chief Executive Officer and Chairman of the Board of Directors, owns and controls Speculative Seismic Investments, LLC (“SSI”), which holds $1,303 of the Corporation’s New Second Lien Notes and 142,968 shares of the Corporation’s common stock. SSI is a lender under the Corporation’s Senior Loan Facility in the principal amount of $271 and exchanged $2,352 of the Corporation’s Existing Notes in the Restructuring consummated on July 27, 2016. Mr. Hastings also controls CLCH, LLC, which holds 24,221 shares of the Corporation’s common stock.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Corporation is involved in various legal proceedings involving contractual and employment relationships, liability claims, and a variety of other matters. The outcome of these legal proceedings and other matters is not expected to have, either individually or in the aggregate, a material adverse effect on the Corporation’s financial position, results of operations, or cash flows.

DESCRIPTION OF THE BUSINESS A23

DESCRIPTION OF THE BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited interim condensed consolidated financial statements of the Corporation as of June 30, 2016 and for the three and six months ended June 30, 2016 and 2015 included herein, have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The year-end condensed consolidated balance sheet data was derived from the audited financial statements as of December 31, 2015 . Although the financial statements and related information included herein have been prepared without audit, and certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, the Corporation believes that the note disclosures are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the Corporation’s audited consolidated financial statements and the notes thereto included in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2015 , as amended by its Annual Report on Form 10-K/A for the same period (such report, as amended, the "Amended 10-K"). In the opinion of management, the unaudited interim financial statements included herein reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the Corporation’s financial position, results of operations, and cash flows for the periods presented. The results of operations for interim periods are not necessarily indicative of the results expected for the full year or any future period.
Reclassifications	Certain amounts in the condensed consolidated balance sheet as of December 31, 2015 , presented herein have been reclassified to conform to the current period presentation. These reclassifications had no effect on financial position, net income, stockholders' deficit, or cash flows.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Debt Issuance Costs In April 2015, the FASB issued new guidance which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The new guidance does not affect the recognition and measurement of debt issuance costs. Therefore, the amortization of such costs will continue to be calculated using the interest method and be reported as interest expense. The new guidance does not specifically address, and therefore does not affect, the balance sheet presentation of debt issuance costs for revolving debt arrangements. The Corporation adopted the new guidance as of March 31, 2016 and retrospectively for all periods presented. As a result of the adoption of the new guidance, the amount of $4,370 was reclassified from deferred loan issuance costs to senior secured notes in the December 31, 2015 condensed consolidated balance sheet. Other than this reclassification, the adoption of the new guidance had no impact on the Corporation's condensed consolidated financial statements. Share-Based Compensation In March 2016, the FASB issued new guidance intended to simplify various aspects of the accounting for share-based compensation. The new guidance requires the income tax effects related to share-based compensation to be recorded in the income statement at settlement (or expiration), applied prospectively to all excess tax benefits and tax deficiencies resulting from settlements after the date of adoption of the new guidance. The new guidance also removes the requirement to delay recognition of a windfall tax benefit until it reduces current taxes payable. Under the new guidance, the benefit will be recorded when it arises, subject to normal valuation allowance considerations. This change is required to be applied on a modified retrospective basis, with a cumulative effect adjustment to opening retained earnings. All income tax related cash flows resulting from share-based payments are to be reported as operating activities on the statement of cash flows. Either prospective or retrospective transition of this provision is permitted. Currently, employers are permitted to withhold shares upon settlement of an award to satisfy the employer’s tax withholding requirement without causing the award to be liability classified. However, the amount is strictly limited to the employer’s minimum statutory tax withholding requirement. The simplification under the new guidance allows entities to withhold an amount up to the employees’ maximum individual tax rate in the relevant jurisdiction without resulting in liability classification of the award. This provision is required to be adopted using a modified retrospective approach, with a cumulative effect adjustment to opening retained earnings for any outstanding liability awards that qualify for equity classification. Additionally, the new guidance clarifies that all cash payments made to taxing authorities on the employees’ behalf for withheld shares should be presented as financing activities on the statement of cash flows. This change is required to be applied retrospectively. Under the new guidance, entities are permitted to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards. Forfeitures can be estimated, as required today, or recognized when they occur. Estimates of forfeitures will still be required in certain circumstances, such as at the time of modification of an award or issuance of a replacement award in a business combination. If elected, the change to recognize forfeitures when they occur needs to be adopted using a modified retrospective approach, with a cumulative effect adjustment recorded to opening retained earnings. The classification and measurement guidance will be effective for public business entities in fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. The Corporation adopted the new guidance as of January 1, 2016, including electing to recognize forfeitures when they occur. Adoption of the new guidance did not have a material impact on the Corporation’s financial position, results of operations, cash flows or disclosures.
Earnings Per Share	EARNINGS PER SHARE Basic income per share is computed by dividing net income attributable to the Corporation by the weighted average number of common shares outstanding during each period. Diluted income per share is computed by dividing net income attributable to the Corporation by the sum of the weighted-average number of shares outstanding during each period and the dilutive potential common shares outstanding during the period determined under the treasury stock method. In loss periods, basic net loss and diluted net loss are the same since the effect of potential common shares is anti-dilutive and therefore excluded. Dilutive potential common shares consist of shares issuable upon (i) the vesting of restricted stock, (ii) the exercising of warrants at average market prices greater than their exercise prices, and (iii) the exercising of stock options at average market prices greater than their exercise prices. Under the treasury stock method, dilutive potential common shares are determined based on the assumed exercise of dilutive restricted stock, stock options and warrants less the number of treasury shares assumed to be purchased from the amount that must be paid to exercise stock options, the amount of compensation expense for future service that has not yet been recognized for restricted stock and stock options, and the amount of tax benefits that will be recorded in additional paid-in capital when the dilutive awards become deductible.
Fair Value of Financial Instruments	The Corporation has certain assets and liabilities that are required to be measured and disclosed at fair value in accordance with GAAP. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. When an asset or liability is required to be measured at fair value, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs using a fair value hierarchy as follows: Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets. Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. Measurement is based on prices or valuation models requiring inputs that are both significant to the fair value measurement and supported by little or no market activity. The carrying amount of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued liabilities, borrowings under the Revolving Credit Facility and borrowings under the Senior Loan Facility are a reasonable estimate of their fair values due to their short duration.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation of basic and diluted net income (loss) per share	The computation of basic and diluted net income per share is as follows: Three Months Ended Six Months Ended Net Income Attributable to the Corporation Shares Per Share Net Income Attributable to the Corporation Shares Per Share June 30, 2016: Basic income per share $ 255 129,276 $ 1.97 $ 14,495 129,272 $ 112.13 Effect of dilutive unvested restricted stock unit awards — — — — 44 (0.04 ) Diluted income per share $ 255 129,276 $ 1.97 $ 14,495 129,316 $ 112.09 June 30, 2015: Basic income per share $ 2,096 110,537 $ 18.96 $ 3,267 110,537 $ 29.56 Effect of dilutive securities — — — — — — Diluted income per share $ 2,096 110,537 $ 18.96 $ 3,267 110,537 $ 29.56

DETAIL OF SELECTED BALANCE SH25

DETAIL OF SELECTED BALANCE SHEET ACCOUNTS (Tables)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of accounts receivable	Accounts receivable is comprised of the following: June 30, 2016 December 31, 2015 Accounts receivable $ 123,603 $ 67,882 Less allowance for doubtful accounts (653 ) — Accounts receivable, net $ 122,950 $ 67,882
Schedule of property and equipment	Property and equipment is comprised of the following: June 30, 2016 December 31, 2015 Property and equipment $ 125,089 $ 123,186 Less accumulated depreciation and amortization (70,561 ) (61,358 ) Property and equipment, net $ 54,528 $ 61,828
Schedule of intangible assets	Intangible assets are comprised of the following: June 30, 2016 December 31, 2015 Intangible assets $ 1,383 $ 1,329 Less accumulated amortization (587 ) (540 ) Intangible assets, net $ 796 $ 789
Schedule of accrued liabilities	Accrued liabilities are comprised of the following: June 30, 2016 December 31, 2015 Accrued payroll liabilities $ 9,626 $ 5,794 Accrued interest 6,501 6,463 Other accrued liabilities 6,404 5,561 Total accrued liabilities $ 22,531 $ 17,818

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of notes payable	Senior secured notes outstanding were as follows: June 30, 2016 December 31, 2015 Senior secured notes: Principal outstanding $ 140,000 $ 140,000 Less unamortized deferred loan issuance costs 3,746 4,370 Total senior secured notes outstanding 136,254 135,630 Less current portion of senior secured notes — — Total long-term portion of senior secured notes $ 136,254 $ 135,630

DESCRIPTION OF THE BUSINESS A27

DESCRIPTION OF THE BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	Jul. 27, 2016	Jun. 15, 2016	Jun. 30, 2016channel	Dec. 31, 2015USD ($)
Deferred Loans Issuance Costs | Adjustments for New Accounting Pronouncement
Gas and Oil Acreage [Line Items]
Debt issuance costs, noncurrent, net				$ 4,370
Senior Secured Notes | Adjustments for New Accounting Pronouncement
Gas and Oil Acreage [Line Items]
Debt issuance costs, noncurrent, net				$ (4,370)
Common Stock
Gas and Oil Acreage [Line Items]
Reverse stock split conversion ratio		0.0074
Common Stock | Subsequent Event
Gas and Oil Acreage [Line Items]
Reverse stock split conversion ratio	0.0074
Foreign Countries
Gas and Oil Acreage [Line Items]
Number of land and marine channels | channel			29,500

RESTRUCTURING (Details)

RESTRUCTURING (Details)	Jul. 28, 2016shares	Jul. 27, 2016USD ($)	Jun. 29, 2016USD ($)	Jun. 24, 2016USD ($)shares	Jun. 15, 2016	Jul. 27, 2016USD ($)shares	Jun. 30, 2016USD ($)	Jun. 13, 2016USD ($)	Dec. 31, 2015USD ($)	Jul. 02, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Borrowings under revolving credit facility							$ 14,646,000		$ 7,899,000
Capital lease obligations							115,000		115,000
Common Stock
Restructuring Cost and Reserve [Line Items]
Reverse stock split conversion ratio					0.0074
Common Stock | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Reverse stock split conversion ratio		0.0074
Senior Secured Notes
Restructuring Cost and Reserve [Line Items]
Debt interest rate (as percent)								10.00%
Principal outstanding							$ 140,000,000		$ 140,000,000
Secured Debt | Senior Secured Notes
Restructuring Cost and Reserve [Line Items]
Debt interest rate (as percent)										10.00%
Debt face amount										$ 150,000,000
Secured Debt | Senior Secured Second Lien Notes
Restructuring Cost and Reserve [Line Items]
Debt interest rate (as percent)				10.00%
Conversion price per unit of original debt restructured				0.5
Shares issued per unit of original debt restructured (in shares) | shares				46.41
Debt face amount				$ 138,128,000
Secured Debt | Senior Secured Second Lien Notes | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Debt face amount		$ 76,523,000				$ 76,523,000
Secured Debt | Senior Secured Second Lien Notes | Common Stock | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Shares issued (in shares) | shares						6,410,502
2016 Long Term Incentive Plan | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Common shares outstanding reserved on fully diluted basis (as percent)		10.00%				10.00%
Restructuring Support Agreement | Balance Sheet Restructuring
Restructuring Cost and Reserve [Line Items]
Par value of Corporation's debt restructured (as percent)								66.00%
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Debt face amount		$ 105,200,000				$ 105,200,000
Borrowings under revolving credit facility		11,700,000				11,700,000
Principal outstanding		1,900,000				1,900,000
Capital lease obligations		109,000				109,000
Reduction in face amount of total debt outstanding						55,100,000
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Common Stock
Restructuring Cost and Reserve [Line Items]
Stock issued to lenders to total shares outstanding (as percent)			28.20%
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Common Stock | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Shares issued (in shares) | shares	9,213,804
Stock issued to lenders to total shares outstanding (as percent)	92.69%
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Common Stock | Subsequent Event | Director
Restructuring Cost and Reserve [Line Items]
Right to choose one director based on percentage of shares outstanding (minimum) (as percentage)	10.00%
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Warrant | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Stock issued to lenders to total shares outstanding (as percent)	4.50%
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Senior Secured Notes | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Debt face amount		15,000,000				15,000,000
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Senior Secured Second Lien Notes | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Debt face amount		76,500,000				76,500,000
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Senior Loan Facility
Restructuring Cost and Reserve [Line Items]
Maximum borrowing capacity			$ 30,000,000					$ 30,000,000
Line of credit annual interest rate (as percent)			10.00%
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Senior Loan Facility | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Maximum borrowing capacity		$ 30,000,000				$ 30,000,000
Restructuring Support Agreement | Balance Sheet Restructuring | Supporting Holders | Secured Debt | Senior Secured Second Lien Notes
Restructuring Cost and Reserve [Line Items]
Conversion price per unit of original debt restructured				500
Shares issued per unit of original debt restructured (in shares) | shares				46.41

CREDIT CONCENTRATION (Details)

CREDIT CONCENTRATION (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jan. 01, 2017	Oct. 01, 2016	Jul. 27, 2016	Apr. 22, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable from customers	$ 122,950					$ 67,882
Customer Concentration Risk | Customer A
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable from customers	$ 95,000
Customer Concentration Risk | Customer A | State of Alaska Tax Credits
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collateral assigned for accounts receivables					$ 51,600
Customer Concentration Risk | Customer A | Subsequent Event | State of Alaska Tax Credits
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collateral assigned for accounts receivables				$ 21,300
Customer Concentration Risk | Customer A | Subsequent Event | State of Alaska Certificates
Accounts, Notes, Loans and Financing Receivable [Line Items]
Tax credits assigned as collateral for accounts receivable, amount subject to monetization		$ 59,000	$ 30,200
Customer Concentration Risk | Customer A | Accounts receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	77.00%

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Details)	Jul. 27, 2016	Jun. 15, 2016	Jun. 30, 2016$ / sharesshares	Jun. 30, 2015$ / sharesshares	Jun. 30, 2016$ / sharesshares	Jun. 30, 2015$ / sharesshares	Jun. 24, 2016$ / shares	Dec. 31, 2015$ / shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Warrant exercise price (usd per share) | $ / shares							$ 12
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the calculation of diluted net income (loss) per share (in shares)			1,790	1,790	1,790	1,790
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the calculation of diluted net income (loss) per share (in shares)			805
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the calculation of diluted net income (loss) per share (in shares)				2,416		2,416
Option exercise price (usd per share) | $ / shares			$ 4.12	$ 4.12	$ 4.12	$ 4.12
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the calculation of diluted net income (loss) per share (in shares)				4,310		4,310
Warrant exercise price (usd per share) | $ / shares								$ 12
Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Reverse stock split conversion ratio		0.0074
Common Stock | Subsequent Event
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Reverse stock split conversion ratio	0.0074

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net Income Attributable to the Corporation
Basic income per share	$ 255	$ 2,096	$ 14,495	$ 3,267
Effect of dilutive securities	0	0	0	0
Diluted income per share	$ 255	$ 2,096	$ 14,495	$ 3,267
Shares
Basic income (loss) per share (in shares)	129,276	110,537	129,272	110,537
Effect of dilutive securities (in shares)	0	0	44	0
Diluted income (loss) per share (in shares)	129,276	110,537	129,316	110,537
Per Share
Basic income (loss) per share (usd per share)	$ 1.97	$ 18.96	$ 112.13	$ 29.56
Effect on dilutive securities (usd per share)	0	0	(0.04)	0
Diluted income (loss) per share (usd per share)	$ 1.97	$ 18.96	$ 112.09	$ 29.56

DETAIL OF SELECTED BALANCE SH32

DETAIL OF SELECTED BALANCE SHEET ACCOUNTS - Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable	$ 123,603	$ 67,882
Less allowance for doubtful accounts	(653)	0
Accounts receivable, net	$ 122,950	$ 67,882

DETAIL OF SELECTED BALANCE SH33

DETAIL OF SELECTED BALANCE SHEET ACCOUNTS - Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property and equipment	$ 125,089	$ 123,186
Less accumulated depreciation and amortization	(70,561)	(61,358)
Property and equipment, net	$ 54,528	$ 61,828

DETAIL OF SELECTED BALANCE SH34

DETAIL OF SELECTED BALANCE SHEET ACCOUNTS - Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Intangible assets	$ 1,383	$ 1,329
Less accumulated amortization	(587)	(540)
Intangible assets, net	$ 796	$ 789

DETAIL OF SELECTED BALANCE SH35

DETAIL OF SELECTED BALANCE SHEET ACCOUNTS - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued payroll liabilities	$ 9,626	$ 5,794
Accrued interest	6,501	6,463
Other accrued liabilities	6,404	5,561
Total accrued liabilities	$ 22,531	$ 17,818

REVOLVING CREDIT FACILITY (Deta

REVOLVING CREDIT FACILITY (Details) - USD ($)	Nov. 06, 2014	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
Borrowings under revolving credit facility		$ 14,646,000	$ 14,646,000	$ 7,899,000
Borrowings under senior loan facility		5,600,000	5,600,000	0
Senior Loan Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 20,000,000
Borrowings under revolving credit facility		14,646,000	$ 14,646,000	$ 7,899,000
Ending interest rate			3.65%	3.61%
Line of credit commitment fee percentage (as percent)	3.00%
Line of credit facility, benchmark subject to minimum monthly EBITDA requirements	$ 5,000,000
Senior Loan Facility | Revolving Credit Facility | Supporting Holders | Restructuring Support Agreement | Balance Sheet Restructuring | Selling, General and Administrative Expenses [Member]
Line of Credit Facility [Line Items]
Debt issuance cost		30,000	$ 30,000
Senior Loan Facility | Revolving Credit Facility | State of Alaska
Line of Credit Facility [Line Items]
Line of credit facility, monthly EBITDA requirements	8,000,000
Senior Loan Facility | Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Line of credit facility, monthly EBITDA requirements	20,000,000
Senior Loan Facility | Revolving Credit Facility | Borrowing base availability
Line of Credit Facility [Line Items]
Concentration risk, benchmark	$ 20,000,000
Senior Loan Facility | Revolving Credit Facility | Borrowing base availability | Accounts receivable
Line of Credit Facility [Line Items]
Concentration risk, percentage	85.00%
Senior Loan Facility | Revolving Credit Facility | Borrowing base availability | Equipment
Line of Credit Facility [Line Items]
Concentration risk, percentage	85.00%
Senior Loan Facility | Revolving Credit Facility | Borrowing base availability | Equipment | State of Alaska
Line of Credit Facility [Line Items]
Concentration risk, percentage	75.00%
Senior Loan Facility | Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Description of variable rate basis			three month LIBOR
Basis spread on variable rate			3.00%
Senior Loan Facility | Revolving Credit Facility | Accordion Feature
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 10,000,000
Line of credit facility, minimum increments	1,000,000
Senior Loan Facility | Revolving Credit Facility | Sub-Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 10,000,000
Senior Loan Facility | Revolving Credit Facility | Letter of Credit
Line of Credit Facility [Line Items]
Line of credit commitment fee percentage (as percent)	0.50%
Borrowings under senior loan facility		$ 1,300,000	$ 1,300,000	$ 100,000

SENIOR LOAN FACILITY (Details)

SENIOR LOAN FACILITY (Details) - USD ($) $ in Thousands	Jul. 27, 2016	Jun. 29, 2016	Jun. 30, 2016	Jun. 30, 2015
Line of Credit Facility [Line Items]
Draws from line of credit			$ 35,440	$ 14,200
Senior Loan Facility | Subsequent Event | State of Alaska Tax Credits
Line of Credit Facility [Line Items]
Collateral assigned for accounts receivables	$ 25,000
Senior Loan Facility | Senior Loan Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 30,000
Draws from line of credit		$ 5,600
Line of credit annual interest rate (as percent)		10.00%
Debt issuance costs, facility fees and legal		$ 600
Debt issuance costs, investment banking fees		$ 360
Senior Loan Facility | Senior Loan Facility | State of Alaska Tax Credits
Line of Credit Facility [Line Items]
Collateral assigned for accounts receivables			$ 25,000
Senior Loan Facility | Senior Loan Facility | Subsequent Event
Line of Credit Facility [Line Items]
Draws from line of credit	9,400
Remaining borrowing capacity	$ 15,000
Senior Loan Facility | Senior Loan Facility | Subsequent Event | Common Stock
Line of Credit Facility [Line Items]
Shares issued (in shares)	2,803,302

NOTES PAYABLE - Schedule of Sen

NOTES PAYABLE - Schedule of Senior Secured Notes (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Senior secured notes, carrying value	$ 136,254	$ 135,630
Senior Secured Notes
Debt Instrument [Line Items]
Principal outstanding	140,000	140,000
Less unamortized deferred loan issuance costs	3,746	4,370
Total senior secured notes outstanding	136,254	135,630
Less current portion of senior secured notes	0	0
Senior secured notes, carrying value	$ 136,254	$ 135,630

NOTES PAYABLE - Additional Info

NOTES PAYABLE - Additional Information (Details)	Jul. 27, 2016USD ($)	Jun. 24, 2016USD ($)shares	Jun. 15, 2016	Jul. 27, 2016USD ($)shares	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 13, 2016	Jul. 02, 2014USD ($)
Debt Instrument [Line Items]
Costs incurred on debt restructuring					$ (2,334,000)	$ 0	$ (2,334,000)	$ 0
Common Stock
Debt Instrument [Line Items]
Reverse stock split conversion ratio			0.0074
Subsequent Event | Common Stock
Debt Instrument [Line Items]
Reverse stock split conversion ratio	0.0074
Senior Secured Notes
Debt Instrument [Line Items]
Debt interest rate (as percent)									10.00%
Secured Debt | Senior Secured Notes
Debt Instrument [Line Items]
Debt face amount										$ 150,000,000
Debt interest rate (as percent)										10.00%
Secured Debt | Senior Secured Second Lien Notes
Debt Instrument [Line Items]
Debt face amount		$ 138,128,000
Debt interest rate (as percent)		10.00%
Conversion price per unit of original debt restructured		0.50%
Shares issued per unit of original debt restructured (in shares) | shares		46.41
Costs incurred on debt restructuring					$ 2,334,000		$ (2,334,000)
Premium rate over cash interest rate (as a percent)		1.00%
Secured Debt | Senior Secured Second Lien Notes | Subsequent Event
Debt Instrument [Line Items]
Debt face amount	$ 76,523,000			$ 76,523,000
Accrued and unpaid interest payable	7,459,000			7,459,000
Debt special redemption right at par maximum	$ 35,000,000			$ 35,000,000
Secured Debt | Senior Secured Second Lien Notes | Subsequent Event | Common Stock
Debt Instrument [Line Items]
Shares issued (in shares) | shares				6,410,502

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	75.70%	7.90%	16.30%	17.30%
Federal statutory corporate rate			35.00%

STOCKHOLDERS' EQUITY - Preferre

STOCKHOLDERS' EQUITY - Preferred Stock and Common Stock (Details)	Jun. 15, 2016	Jun. 30, 2016$ / sharesshares	Dec. 31, 2015$ / sharesshares
Class of Stock [Line Items]
Preferred Stock, authorized shares (in shares)		1,000,000
Preferred Stock, par value (usd per share) | $ / shares		$ 0.0001
Preferred Stock, shares issued (in shares)		0	0
Preferred Stock, shares outstanding (in shares)		0	0
Common Stock, authorized shares (in shares)		55,000,000	55,000,000
Common Stock, par value (usd per share) | $ / shares		$ 0.0001	$ 0.0001
Common Stock, issued shares (in shares)		129,848	129,269
Common Stock, outstanding shares (in shares)		129,848	129,269
Common Stock
Class of Stock [Line Items]
Reverse stock split conversion ratio	0.0074

STOCKHOLDERS' EQUITY - Warrants

STOCKHOLDERS' EQUITY - Warrants (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 27, 2016	Jun. 24, 2016
Class of Warrant or Right [Line Items]
Number of warrants expired unexercised (in shares)		4,310
Warrant exercise price (usd per share)		$ 12
Subsequent Event
Class of Warrant or Right [Line Items]
Exercise period of warrants	30 days
Subsequent Event | State of Alaska Tax Credits | Senior Loan Facility
Class of Warrant or Right [Line Items]
Collateral assigned for accounts receivables	$ 25
Series A Warrants | Subsequent Event
Class of Warrant or Right [Line Items]
Warrants issued (in shares)	154,108
Warrant exercise price (usd per share)	$ 10.30
Series B Warrants | Subsequent Event
Class of Warrant or Right [Line Items]
Warrants issued (in shares)	154,108
Warrant exercise price (usd per share)	$ 12.88

STOCKHOLDERS' EQUITY - Common S

STOCKHOLDERS' EQUITY - Common Stock Held in Escrow in Connection with Merger (Details) - Merger agreement - shares	Jun. 24, 2013	Jun. 30, 2016
Business Acquisition [Line Items]
Number of common stock shares deposited in escrow (in shares)	4,041
Contingent pending conversion or exercise of derivative securities
Business Acquisition [Line Items]
Number of common stock shares deposited in escrow (in shares)		200

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 27, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
2013 Long Term Incentive Plan | Supporting Holders | Restructuring Support Agreement | Balance Sheet Restructuring
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Unrecognized compensation expense for unvested restricted stock unit awards		$ 237		$ 237
2016 Long Term Incentive Plan | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Common shares outstanding reserved on fully diluted basis (as percent)	10.00%
Stock Option and Restricted Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense		178,000	$ 7,000	343,000	$ 7,000
MIP Shares | 2016 Long Term Incentive Plan | State of Alaska Tax Credits
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Collateral assigned for accounts receivables		$ 25,000,000		$ 25,000,000
MIP Shares | 2016 Long Term Incentive Plan | Supporting Holders | Restructuring Support Agreement | Balance Sheet Restructuring | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation vesting period	2 years
Common shares outstanding reserved on fully diluted basis at closing date (as percent)	3.00%
At-the-money incentive options to acquire common stocks outstanding (as percent)	3.00%
Senior Management | MIP Shares | 2016 Long Term Incentive Plan | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Shares of common stocks reserved for distribution (in shares)	1,038,258
Stock units and options reserved for issuance (in shares)	622,955
Common shares outstanding reserved on fully diluted basis (as percent)	60.00%
Management and Key Employees | MIP Shares | 2016 Long Term Incentive Plan | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Common shares outstanding reserved on fully diluted basis (as percent)	40.00%

FAIR VALUE OF FINANCIAL INSTR45

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Senior secured notes, carrying value	$ 136,254	$ 135,630
Market Approach | Level 2 | Senior secured notes
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Senior secured notes, fair value	$ 65,800

NONCONTROLLING INTEREST (Detail

NONCONTROLLING INTEREST (Details)	6 Months Ended
	Jun. 30, 2016	Nov. 19, 2012
Corporate Joint Venture
Schedule of Equity Method Investments [Line Items]
Term of joint venture agreement	5 years
Equity method investment, ownership held		49.00%
Equity method investment, percentage of gross revenues	10.00%
Kuukpik
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership held		51.00%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	Jul. 27, 2016	Jun. 30, 2016	Jun. 24, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Common Stock, outstanding shares (in shares)		129,848		129,269
Borrowings under senior loan facility		$ 5,600		$ 0
Senior secured notes, carrying value		136,254		135,630
Senior Secured Notes
Related Party Transaction [Line Items]
Senior secured notes, carrying value		$ 136,254		$ 135,630
Chief Executive Officer | SSI | Subsequent Event
Related Party Transaction [Line Items]
Common Stock, outstanding shares (in shares)	142,968
Chief Executive Officer | SSI | Senior Secured Second Lien Notes
Related Party Transaction [Line Items]
Debt face amount			$ 1,303
Chief Executive Officer | SSI | Senior Loan Facility | Subsequent Event
Related Party Transaction [Line Items]
Borrowings under senior loan facility	$ 271
Chief Executive Officer | SSI | Senior Secured Notes | Subsequent Event
Related Party Transaction [Line Items]
Senior secured notes, carrying value	$ 2,352
Chief Executive Officer | CLCH, LLC | Subsequent Event
Related Party Transaction [Line Items]
Common Stock, outstanding shares (in shares)	24,221