MIND Technology (MIND) 10-Q 5 Dec 19 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2019	Dec. 03, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Registrant Name	MITCHAM INDUSTRIES INC
Entity Central Index Key	0000926423
Current Fiscal Year End Date	--01-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		12,167,233
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Current Reporting Status	Yes
Entity Shell Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2019	Jan. 31, 2019
Current assets:
Cash and cash equivalents	$ 4,650	$ 9,389
Restricted cash	149	160
Accounts receivable, net of allowance for doubtful accounts of $2,069 and $2,113 at October 31, 2019 and January 31, 2019, respectively	12,947	12,082
Inventories, net	13,559	10,774
Prepaid expenses and other current assets	1,521	1,735
Assets held for sale	0	2,202
Total current assets	32,826	36,342
Seismic equipment lease pool and property and equipment, net	14,021	14,155
Operating lease right-of-use assets	2,455
Intangible assets, net	9,453	10,495
Goodwill	2,531	2,531
Deferred tax asset	68	68
Long-term receivables, net of allowance for doubtful accounts of $- at October 31, 2019 and January 31, 2019	0	712
Other assets	1,142	712
Long-term assets held for sale	0	286
Total assets	62,496	65,301
Current liabilities:
Accounts payable	3,483	1,534
Deferred revenue	210	1,040
Accrued expenses and other current liabilities	5,174	3,738
Income taxes payable	65	224
Operating lease liabilities - current	367
Liabilities held for sale	0	892
Total current liabilities	9,299	7,428
Operating lease liabilities - non-current	2,088
Other non-current liabilities	1,031	1,195
Total liabilities	12,418	8,623
Shareholders’ equity:
Preferred stock, $1.00 par value; 1,000 shares authorized; 928 and 830 shares issued and outstanding at October 31, 2019 and January 31, 2019, respectively	20,540	18,330
Common stock, $0.01 par value; 20,000 shares authorized; 14,097 and 14,049 shares issued at October 31, 2019 and January 31, 2019, respectively	141	140
Additional paid-in capital	123,721	123,085
Treasury stock, at cost (1,929 shares at October 31, 2019 and January 31, 2019)	(16,860)	(16,860)
Accumulated deficit	(73,044)	(63,973)
Accumulated other comprehensive loss	(4,420)	(4,044)
Total shareholders’ equity	50,078	56,678
Total liabilities and shareholders’ equity	$ 62,496	$ 65,301

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2019	Jan. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, current	$ 2,069	$ 2,113
Allowance for doubtful accounts, non-current	$ 0	$ 0
Preferred stock, par value (in usd per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	928,000	830,000
Preferred stock, shares outstanding (in shares)	928,000	830,000
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	14,097,000	14,049,000
Treasury stock, shares (in shares)	1,929,000	1,929,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Revenues:
Sale of marine technology products	$ 8,062	$ 9,277	$ 20,762	$ 18,720
Equipment leasing	2,305	3,166	7,002	7,493
Sale of lease pool and other equipment	296	2,208	1,654	4,401
Total revenues	10,663	14,651	29,418	30,614
Cost of sales:
Sale of marine technology products	4,728	4,904	12,070	10,206
Equipment leasing (including lease pool depreciation of $1,168 and $2,176 for the three months ended October 31, 2019 and 2018, respectively, and $3,757 and $7,275 for the nine months ended October 31, 2019 and 2018, respectively)	1,833	3,296	6,124	10,120
Equipment sales	51	1,227	550	1,959
Total cost of sales	6,612	9,427	18,744	22,285
Gross profit	4,051	5,224	10,674	8,329
Operating expenses:
Selling, general and administrative	4,705	4,819	14,732	15,953
Research and development	629	175	1,442	857
Provision for doubtful accounts	0	0	0	200
Depreciation and amortization	646	579	1,947	1,816
Total operating expenses	5,980	5,573	18,121	18,826
Operating loss	(1,929)	(349)	(7,447)	(10,497)
Other income (expense):
Loss on sale (including $5,355 of net cumulative translation loss)	0	(4,905)	0	(4,905)
Interest (expense) income, net	(12)	12	(34)	47
Other, net	(27)	(198)	65	(57)
Total other (expense) income	(39)	(5,091)	31	(4,915)
Loss before income taxes	(1,968)	(5,440)	(7,416)	(15,412)
(Provision) benefit for income taxes	(60)	249	(163)	(273)
Net loss	(2,028)	(5,191)	(7,579)	(15,685)
Preferred stock dividends	(522)	(449)	(1,492)	(1,245)
Net loss attributable to common shareholders	$ (2,550)	$ (5,640)	$ (9,071)	$ (16,930)
Net loss per common share:
Basic (in usd per share)	$ (0.21)	$ (0.47)	$ (0.75)	$ (1.40)
Diluted (in usd per share)	$ (0.21)	$ (0.47)	$ (0.75)	$ (1.40)
Shares used in computing net loss per common share:
Basic (in shares)	12,158	12,119	12,135	12,100
Diluted (in shares)	12,158	12,119	12,135	12,100

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Income Statement [Abstract]
Lease pool depreciation	$ 1,168	$ 2,176	$ 3,757	$ 7,275
Cumulative translation loss	$ 0	$ 5,355	$ 0	$ 5,355

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Statement of Comprehensive Income [Abstract]
Net loss attributable to common shareholders	$ (2,550)	$ (5,640)	$ (9,071)	$ (16,930)
Change in cumulative translation adjustment for sale of foreign entity	0	5,355	0	5,355
Other changes in cumulative translation adjustment	115	(284)	(376)	(663)
Comprehensive loss attributable to common shareholders	$ (2,435)	$ (569)	$ (9,447)	$ (12,238)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Cash flows from operating activities:
Net loss	$ (7,579)	$ (15,685)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	5,806	9,184
Stock-based compensation	611	575
Provision for doubtful accounts, net of charge offs	0	200
Provision for inventory obsolescence	23	140
Gross profit from sale of lease pool equipment	(987)	(1,848)
Loss on sale of business	0	4,905
Deferred tax expense	135	(365)
Non-Current prepaid tax	(157)	472
Changes in:
Accounts receivable	(1,020)	(878)
Unbilled revenue	(302)	(2,435)
Inventories	(2,835)	(1,304)
Prepaid expenses and other current assets	240	(1,158)
Accounts payable, accrued expenses and other current liabilities	(392)	(626)
Deferred revenue	1,979	527
Foreign exchange losses net of gains	230	336
Net cash used in operating activities	(4,248)	(7,960)
Cash flows from investing activities:
Purchases of seismic equipment held for lease	(1,939)	(1,424)
Acquisition of assets	0	(3,000)
Purchases of property and equipment	(893)	(696)
Sale of used lease pool equipment	1,415	4,124
Sale of business, net of cash sold	239	(147)
Net cash used in investing activities	(1,178)	(1,143)
Cash flows from financing activities:
Proceeds from exercise of stock options	25	0
Net proceeds from preferred stock offering	2,211	6,135
Preferred stock dividends	(1,492)	(1,245)
Net cash provided by financing activities	744	4,890
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash	(68)	(314)
Net decrease in cash, cash equivalents and restricted cash	(4,750)	(4,527)
Cash, cash equivalents and restricted cash, beginning of period	9,549	10,146
Cash, cash equivalents and restricted cash, end of period	4,799	5,619
Supplemental cash flow information:
Interest paid	40	2
Income taxes paid	325	414
Purchases of seismic equipment held for lease in accounts payable at end of period	753	264
Purchase of seismic equipment held for lease through settlement of accounts receivable	$ 826	$ 0

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss
Beginning balances (in shares) at Jan. 31, 2018		14,019	532
Beginning balances at Jan. 31, 2018	$ 65,849	$ 140	$ 11,544	$ 122,304	$ (16,860)	$ (42,425)	$ (8,854)
Net loss	(5,905)					(5,905)
Foreign currency translation	(237)						(237)
Preferred stock offering (in shares)			166
Preferred stock offering	3,768		$ 3,768
Preferred stock dividends	(385)					(385)
Stock-based compensation	126			126
Ending balances (in shares) at Apr. 30, 2018		14,019	698
Ending balances at Apr. 30, 2018	63,216	$ 140	$ 15,312	122,430	(16,860)	(48,715)	(9,091)
Beginning balances (in shares) at Jan. 31, 2018		14,019	532
Beginning balances at Jan. 31, 2018	65,849	$ 140	$ 11,544	122,304	(16,860)	(42,425)	(8,854)
Net loss	(15,685)
Ending balances (in shares) at Oct. 31, 2018		14,049	798
Ending balances at Oct. 31, 2018	60,254	$ 140	$ 17,611	122,879	(16,860)	(59,355)	(4,161)
Beginning balances (in shares) at Apr. 30, 2018		14,019	698
Beginning balances at Apr. 30, 2018	63,216	$ 140	$ 15,312	122,430	(16,860)	(48,715)	(9,091)
Net loss	(4,589)					(4,589)
Foreign currency translation	(141)						(141)
Restricted stock issued (in shares)		30
Preferred stock offering (in shares)			70
Preferred stock offering	1,637		$ 1,637
Preferred stock dividends	(411)					(411)
Stock-based compensation	242			242
Ending balances (in shares) at Jul. 31, 2018		14,049	768
Ending balances at Jul. 31, 2018	59,954	$ 140	$ 16,949	122,672	(16,860)	(53,715)	(9,232)
Net loss	(5,191)					(5,191)
Foreign currency translation	5,071						5,071
Preferred stock offering (in shares)			30
Preferred stock offering	662		$ 662
Preferred stock dividends	(449)					(449)
Stock-based compensation	207			207
Ending balances (in shares) at Oct. 31, 2018		14,049	798
Ending balances at Oct. 31, 2018	60,254	$ 140	$ 17,611	122,879	(16,860)	(59,355)	(4,161)
Beginning balances (in shares) at Jan. 31, 2019		14,049	830
Beginning balances at Jan. 31, 2019	56,678	$ 140	$ 18,330	123,085	(16,860)	(63,973)	(4,044)
Net loss	(2,415)					(2,415)
Foreign currency translation	(450)						(450)
Preferred stock offering (in shares)			17
Preferred stock offering	409		$ 409
Preferred stock dividends	(471)					(471)
Stock-based compensation	172			172
Ending balances (in shares) at Apr. 30, 2019		14,049	847
Ending balances at Apr. 30, 2019	53,923	$ 140	$ 18,739	123,257	(16,860)	(66,859)	(4,494)
Beginning balances (in shares) at Jan. 31, 2019		14,049	830
Beginning balances at Jan. 31, 2019	56,678	$ 140	$ 18,330	123,085	(16,860)	(63,973)	(4,044)
Net loss	(7,579)
Ending balances (in shares) at Oct. 31, 2019		14,097	928
Ending balances at Oct. 31, 2019	50,078	$ 141	$ 20,540	123,721	(16,860)	(73,044)	(4,420)
Beginning balances (in shares) at Apr. 30, 2019		14,049	847
Beginning balances at Apr. 30, 2019	53,923	$ 140	$ 18,739	123,257	(16,860)	(66,859)	(4,494)
Net loss	(3,136)					(3,136)
Foreign currency translation	(41)						(41)
Equity Compensation (in shares)		9
Equity Compensation	26	$ 1		25
Preferred stock offering (in shares)			70
Preferred stock offering	1,571		$ 1,571
Preferred stock dividends	(499)					(499)
Stock-based compensation	170			170
Ending balances (in shares) at Jul. 31, 2019		14,058	917
Ending balances at Jul. 31, 2019	52,014	$ 141	$ 20,310	123,452	(16,860)	(70,494)	(4,535)
Net loss	(2,028)					(2,028)
Foreign currency translation	115						115
Restricted stock issued (in shares)		39
Restricted stock issued	(1)			(1)
Preferred stock offering (in shares)			11
Preferred stock offering	230		$ 230
Preferred stock dividends	(522)					(522)
Stock-based compensation	270			270
Ending balances (in shares) at Oct. 31, 2019		14,097	928
Ending balances at Oct. 31, 2019	$ 50,078	$ 141	$ 20,540	$ 123,721	$ (16,860)	$ (73,044)	$ (4,420)

Organization

Organization	9 Months Ended
	Oct. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Mitcham Industries, Inc., a Texas corporation (the “Company”), was incorporated in 1987. The Company, through its wholly owned subsidiary, Seamap International Holdings Pte, Ltd. (“Seamap”), and its wholly owned subsidiary, Klein Marine Systems, Inc. (“Klein”), designs, manufactures and sells a broad range of proprietary products for the seismic, hydrographic and offshore industries with product sales and support facilities based in New Hampshire, Singapore, Malaysia, the United Kingdom and Texas. The Company, together with its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”); its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”); its wholly owned Singaporean subsidiary, Mitcham Marine Leasing Pte. Ltd. (“MML”); and its branch operations in Colombia, provides full-service equipment leasing, sales and service to the seismic industry worldwide. In February 2019 the Company sold its wholly owned Australian subsidiary Seismic Asia Pacific Pty Ltd (“SAP”) and in August 2018 the Company sold its wholly owned Russian subsidiary, Mitcham Seismic Eurasia LLC (“MSE”). See Note 13 to our condensed consolidated financial statements for more information. All intercompany transactions and balances have been eliminated in consolidation.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Oct. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated balance sheet as of January 31, 2019 for the Company has been derived from audited consolidated financial statements. The unaudited interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2019 . In the opinion of the Company’s management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position as of October 31, 2019 , the results of operations for the three and nine months ended October 31, 2019 and 2018 , the cash flows for the three and nine months ended October 31, 2019 and 2018 , and the statement of shareholders’ equity for the nine months ended October 31, 2019 and 2018 , have been included in these condensed consolidated financial statements. The foregoing interim results are not necessarily indicative of the results of operations to be expected for the full fiscal year ending January 31, 2020.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Oct. 31, 2019
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In August 2018, the SEC adopted amendments to simplify certain disclosure requirements, as set forth in Securities Act Release No. 33-10532, Disclosure Update and Simplification, which includes a requirement for entities to present the changes in shareholders’ equity in the interim financial statements in quarterly reports on Form 10-Q. This amendment is effective for all filings made on or after November 5, 2018. Considering the timing of effectiveness of the amendment and proximity to the filing date for most filers’ quarterly reports, the SEC has allowed for a filer’s first presentation of the changes in shareholders’ equity to be included in its Form 10-Q for the quarter that begins after the effective date. The Company adopted the SEC’s amendment to interim disclosures in the first quarter of fiscal 2020 and has presented the changes in shareholders’ equity on an interim basis. In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective February 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at February 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections. See Note 7 to our condensed consolidated financial statements for additional details. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements on fair value measurement by removing, modifying and adding certain disclosures. This ASU is effective for the annual period beginning after December 15, 2019, including interim periods within that annual period. The Company is currently evaluating the new guidance to determine the impact it will have on the Company’s consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (“Topic 718”): Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees except for certain circumstances. The Company adopted this guidance in the first quarter of fiscal 2020. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Oct. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Effective February 1, 2018 the Company adopted ASU 2014-09 as amended (the “New Revenue Standard” or “Topic 606”), using the modified retrospective method applied to those contracts that were not completed as of February 1, 2018. Results for reporting periods beginning after January 31, 2018 are presented under Topic 606 and pertain only to our Marine Technology Products segment. Revenues related to our Equipment Leasing segment are not included in the scope of Topic 606. The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition: Three Months Ended October 31, Nine Months Ended October 31, 2019 2018 2019 2018 Revenue recognized at a point in time: (in thousands) Seamap $ 5,447 $ 5,356 $ 14,401 $ 10,512 Klein 2,380 2,683 5,778 5,560 SAP — 1,085 101 2,362 Total revenue recognized at a point in time $ 7,827 $ 9,124 $ 20,280 — $ 18,434 Revenue recognized over time: Seamap $ 238 $ 181 $ 512 $ 591 Total revenue recognized over time 238 181 512 — 591 Total revenue from contracts with customers $ 8,065 $ 9,305 $ 20,792 — $ 19,025 The revenue from products manufactured and sold by our Seamap and Klein businesses, as well as the revenue from products marketed and sold by our SAP business, is generally recognized at a point in time, or when the customer takes possession of the product, based on the terms and conditions stipulated in our contracts with customers. Our Seamap business also provides Software Maintenance Agreements (“SMA”) to customers who have an active license for software embedded in Seamap products. The revenue from SMA’s is recognized over time, with the total value of the SMA amortized in equal monthly amounts over the life of the contract, which is typically twelve months. The Company sold SAP during the first quarter of fiscal 2020. See Note 13 to our condensed consolidated financial statements for more information. The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers: Three Months Ended October 31, Nine Months Ended October 31, 2019 2018 2019 2018 (in thousands) United States $ 1,376 $ 1,104 $ 3,217 $ 2,356 Europe, Russia & CIS 3,650 5,629 8,817 10,395 Middle East & Africa 810 515 1,359 1,151 Asia-Pacific 1,257 1,820 4,365 4,499 Canada & Latin America 972 237 3,034 624 Total revenue from contracts with customers $ 8,065 $ 9,305 $ 20,792 $ 19,025 As of October 31, 2019, and January 31, 2019, contract assets and liabilities consisted of the following: October 31, 2019 January 31, 2019 Contract Assets: (in thousands) Unbilled revenue - current $ 38 $ 340 Total unbilled revenue $ 38 $ 340 Contract Liabilities: Deferred revenue & customer deposits - current $ 2,544 $ 556 Deferred revenue & customer deposits - non-current 3 11 Total deferred revenue & customer deposits $ 2,547 $ 567 Considering the products manufactured and sold by the businesses in our Marine Technology Products segment and the Company’s standard contract terms and conditions, we expect our contract assets and liabilities to turn over, on average, within a period of three to six months. Pursuant to practical expedients and exemptions included in the New Revenue Standard, sales and transaction-based taxes are excluded from revenue. Also, we do not disclose the value of unsatisfied performance obligations for contacts with an original expected duration of one year or less. Additionally, we expense costs incurred to obtain contracts when incurred because the amortization period would have been one year or less. These costs are recorded in selling, general and administrative expenses.

Acquisition of Assets

Acquisition of Assets	9 Months Ended
	Oct. 31, 2019
Business Combinations [Abstract]
Acquisition of Assets	Acquisition of Assets In February 2018, the Company completed the acquisition of intellectual property and certain other assets from Hydroscience Technologies, Inc. and Solid Seismic LLC (collectively, “Hydroscience”). Hydroscience designed, manufactured and sold marine sensors and solid streamer technology products primarily for the hydrographic and seismic industries. In April 2017, Hydroscience filed for bankruptcy protection. The Company acquired the assets pursuant to an Asset Purchase Agreement and Sale Order (collectively, the “Agreement”) that were approved by the bankruptcy court on January 31, 2018. Under the terms of the Agreement, the Company acquired certain specified intangible and tangible assets free and clear of all prior claims and encumbrances, and assumed no liabilities, contracts or prior warranty obligations. Details of the purchase price and the allocation of the purchase price to the assets acquired are as follows (in thousands): Purchase Price: Cash $ 3,000 Release of claims against Hydroscience 1,144 Transaction costs 312 Total purchase price $ 4,456 Allocation of purchase price: Inventory $ 206 Tangible assets (mainly manufacturing equipment) 350 Intangible assets (including patents, designs & software) 3,900 Total purchase price $ 4,456 The cash portion of the purchase price and other related costs were financed with the sale of 174,046 shares of our 9% Series A Cumulative Preferred Stock to Mitsubishi Heavy Industries, Inc. ("MHI") for $4.0 million .

Balance Sheet

Balance Sheet	9 Months Ended
	Oct. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet	Balance Sheet As of October 31, 2019 As of January 31, 2019 Current Long-term Total Current Long-term Total Accounts receivable $ 15,016 $ — $ 15,016 $ 14,195 $ 712 $ 14,907 Less allowance for doubtful accounts (2,069 ) — (2,069 ) (2,113 ) — (2,113 ) Accounts receivable net of allowance for doubtful accounts $ 12,947 $ — $ 12,947 $ 12,082 $ 712 $ 12,794 As of October 31, 2019 , the Company has structured payment agreements with two customers totaling $1.5 million . As of January 31, 2019 , the Company had structured payment agreements with three customers totaling $3.0 million . Payments expected to be received in more than one year have been classified as long-term receivables and total approximately $712,000 as of January 31, 2019 . The structured payment agreements bear interest at an average rate of approximately 4.3% and 3.6% as of October 31, 2019 and January 31, 2019 , respectively. October 31, 2019 January 31, 2019 (in thousands) Inventories: Raw materials $ 7,363 $ 5,446 Finished goods 3,602 5,229 Work in progress 3,730 1,322 14,695 11,997 Less allowance for obsolescence (1,136 ) (1,223 ) Total inventories, net $ 13,559 $ 10,774 October 31, 2019 January 31, 2019 (in thousands) Seismic equipment lease pool and property and equipment: Seismic equipment lease pool $ 145,914 $ 147,519 Land and buildings 4,213 4,041 Furniture and fixtures 10,450 9,897 Autos and trucks 571 571 161,148 162,028 Accumulated depreciation and amortization (147,127 ) (147,873 ) Total seismic equipment lease pool and property and equipment, net $ 14,021 $ 14,155 As of January 31, 2019 , the Company completed an annual review of long-lived assets noting that the undiscounted future cash flows exceeded their carrying value and no impairment has been recorded. Since January 31, 2019 , there have been no significant changes to the market, economic or legal environment in which the Company operates that would indicate additional impairment analysis is necessary as of October 31, 2019 .

Leases

Leases	9 Months Ended
	Oct. 31, 2019
Leases [Abstract]
Leases	Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which was modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20 (collectively the “New Lease Standard”). The New Lease Standard requires organizations that lease assets ("lessees") to recognize the assets and liabilities of the rights and obligations created by leases with terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains dependent on its classification as a finance or operating lease. The New Lease Standard also requires additional disclosure of the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. The New Lease Standard was effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”). ASU 2018-11 provided additional relief in the comparative reporting requirements for initial adoption of the New Lease Standard. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 provided an additional transition method allowing entities to initially apply the New Lease Standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption. The Company adopted the New Lease Standard effective February 1, 2019. We elected to apply the current period transition approach as introduced by ASU 2018-11 and we elected to apply the following practical expedients and accounting policy decisions. We elected a package of transition expedients, which must be elected together, that allowed us to forgo reassessing certain conclusions reached under ASC 840. All expedients in this package were applied together for all leases that commenced before the effective date, February 1, 2019, of the adoption of the New Lease Standard. As a result, in transitioning to the New Lease Standard, for existing leases as of February 1, 2019, we continued to use judgments made under ASC 840 related to embedded leases, lease classification and accounting for initial direct costs. In addition, we have chosen, as an accounting policy election by class of underlying asset, not to separate non-lease components from the associated lease for all our leased asset classes, excluding for Real Estate related leases. As a result, for classes of Automobiles, Office Equipment and Manufacturing Equipment, we account for each separate lease component and the non-lease components associated with that lease as a single lease component. The Company has certain non-cancelable operating lease agreements for office, production and warehouse space in Texas, Hungary, Singapore, Malaysia, Colombia, United Kingdom and Canada. Adoption of the New Lease Standard did have a material impact on our consolidated balance sheet as we recorded right-of-use assets and the corresponding lease liabilities related to our operating leases of approximately $3.0 million , each. The Company determined to treat lease costs with an original maturity of less than one year as short-term lease costs and did not record a right-of-use asset or related lease liability for these leases. The new standard did not have a material impact on our consolidated statements of operations or our statements of cash flows. Lease expense for the three and nine months ended October 31, 2019 was approximately $294,000 and $881,000 , respectively, and was recorded as a component of operating loss. Included in these costs was short-term lease expense of approximately $10,000 and $30,000 for the three and nine months ended October 31, 2019, respectively. Supplemental balance sheet information related to leases as of October 31, 2019 was as follows (in thousands): Lease October 31, 2019 Impact of ASC 842 Transition Assets Operating lease assets $ 2,455 $ 2,710 Liabilities Operating lease liabilities $ 2,455 $ 2,710 Classification of lease liabilities Current liabilities $ 367 Non-current liabilities 2,088 Total Operating lease liabilities $ 2,455 Lease-term and discount rate details as of October 31, 2019 were as follows: Lease term and discount rate October 31, 2019 Weighted average remaining lease term (years) Operating leases 1.9 Weighted average discount rate: Operating leases 10.02 % The incremental borrowing rate was calculated using the Company's weighted average cost of capital. Supplemental cash flow information related to leases was as follows (in thousands): Lease Nine Months Ended October 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (881 ) Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 592 Maturities of lease liabilities at October 31, 2019 were as follows (in thousands): October 31, 2019 2020 $ 367 2021 1,299 2022 749 2023 199 2024 101 Thereafter 73 Total payments under lease agreements $ 2,788 Less: imputed interest (333 ) Total lease liabilities $ 2,455

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Oct. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Weighted Average Life at 10/31/2019 October 31, 2019 January 31, 2019 Gross Carrying Amount Accumulated Amortization Impairment Net Carrying Amount Gross Carrying Amount Accumulated Amortization Impairment Net Carrying Amount (in thousands) (in thousands) Goodwill $ 7,060 $ — $ (4,529 ) $ 2,531 $ 7,060 $ — $ (4,529 ) $ 2,531 Proprietary rights 7.2 $ 9,293 $ (4,766 ) $ — $ 4,527 $ 9,303 $ (4,292 ) $ — $ 5,011 Customer relationships 2.1 5,024 (3,660 ) — 1,364 5,024 (3,147 ) — 1,877 Patents 4.8 2,440 (1,215 ) — 1,225 2,441 (1,028 ) — 1,413 Trade name 6.6 894 (60 ) — 834 894 (52 ) — 842 Developed technology 6.2 1,430 (548 ) — 882 1,430 (441 ) — 989 Other 4.6 680 (59 ) — 621 385 (22 ) — 363 Amortizable intangible assets $ 19,761 $ (10,308 ) $ — $ 9,453 $ 19,477 $ (8,982 ) $ — $ 10,495 On January 31, 2019 , the Company completed an annual review of goodwill and other intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value of our Seamap reporting unit was greater than its carrying value. The goodwill related to our Klein reporting unit was fully impaired in fiscal 2018. During the nine months ended October 31, 2019 there have been no indicators of impairment. Aggregate amortization expense was $457,000 and $1.3 million for the nine months ended October 31, 2019 and 2018 , respectively. As of October 31, 2019 , future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands): For fiscal years ending January 31 2020 $ 498 2021 1,762 2022 1,242 2023 1,138 2024 934 Thereafter 3,879 Total $ 9,453

Income Taxes

Income Taxes	9 Months Ended
	Oct. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the nine months ended October 31, 2019 , the provision for income taxes was approximately $163,000 on a pre-tax net loss of $7.4 million . For the nine months ended October 31, 2018 , the provision for income taxes was approximately $273,000 on a pre-tax net loss of $15.4 million . The variance between our actual provision and the expected provision based on the U.S. statutory rate is due primarily to recording valuation allowances against the increase in our deferred tax assets in the respective periods, plus the effect of foreign withholding taxes. The Company files U.S. federal and state income tax returns as well as separate returns for its foreign subsidiaries within their local jurisdictions. The Company's U.S. federal and state income tax returns are subject to examination by the Internal Revenue Service and state tax authorities for fiscal years ended January 31, 2017 through 2019. In addition, the Company's tax returns filed in foreign jurisdictions are generally subject to examination for the fiscal years ended January 31, 2014 through 2019. The Company has determined that the undistributed earnings of foreign subsidiaries are not deemed to be indefinitely reinvested outside of the United States as of October 31, 2019 . Furthermore, the Company has concluded that any deferred taxes with respect to the undistributed foreign earnings would be immaterial, particularly in light of the one-time repatriation of foreign earnings imposed by the Tax Cuts and Jobs Act legislation enacted in December 2017. Therefore, the Company has not recorded a deferred tax liability associated with the undistributed foreign earnings as of October 31, 2019 . For the nine months ended October 31, 2019 and 2018 , the Company did not recognize any tax expense or benefit related to uncertain tax positions.

Earnings per Share

Earnings per Share	9 Months Ended
	Oct. 31, 2019
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Net income per basic common share is computed using the weighted average number of common shares outstanding during the period, excluding unvested restricted stock. Net income per diluted common share is computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period using the treasury stock method. Potential common shares result from the assumed exercise of outstanding common stock options having a dilutive effect and from the assumed vesting of unvested shares of restricted stock. The following table presents the calculation of basic and diluted weighted average common shares used in the earnings per share calculation: Three Months Ended October 31, Nine Months Ended October 31, 2019 2018 2019 2018 (in thousands) (in thousands) Basic weighted average common shares outstanding 12,158 12,119 12,135 12,100 Stock options 44 92 80 73 Unvested restricted stock 2 3 2 10 Total weighted average common share equivalents 46 95 82 83 Diluted weighted average common shares outstanding 12,204 12,214 12,217 12,183 For the three and nine months ended October 31, 2019 and 2018 , potentially dilutive common shares, underlying stock options and unvested restricted stock were anti-dilutive and were therefore not considered in calculating diluted loss per share for those periods.

Related Party Transaction

Related Party Transaction	9 Months Ended
	Oct. 31, 2019
Related Party Transactions [Abstract]
Related Party Transaction	Related Party Transaction On October 7, 2016 the Company entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Ladenburg Thalmann & Co. Inc. (the “Agent”), pursuant to which the Company may sell up to 500,000 shares of 9.00% Series A Cumulative Preferred Stock (the "Preferred Stock"), par value $1.00 per share through an at-the-market ("ATM") offering program administered by the Agent. The Co-Chief Executive Officer and Co-President of Ladenburg Thalmann & Co. Inc is the Non-Executive Chairman of the Company’s board of directors. Under the Equity Distribution Agreement, the Agent will be entitled to compensation of up to 2.0% of the gross proceeds from the sale of Preferred Stock under the ATM offering program. As of October 31, 2019, the total number of shares sold pursuant to the program was 433,564 . For the three and nine months ended October 31, 2019 , the Company issued 10,300 and 97,238 shares, respectively, of Preferred Stock under the ATM offering program. Gross proceeds from these sales for the three and nine months ended October 31, 2019 were approximately $241,000 and $2.4 million , respectively, and the Agent received compensation of approximately $5,000 and $47,000 , respectively. The Non-Executive Chairman of the Company's board of directors received no portion of this compensation.

Equity and Stock-Based Compensa

Equity and Stock-Based Compensation	9 Months Ended
	Oct. 31, 2019
Equity [Abstract]
Equity and Stock-Based Compensation	Equity and Stock-Based Compensation During the three months ended October 31, 2019 , the Company’s board of directors (the "Board") declared quarterly dividends of $0.5625 per share for our Preferred Stock. The Board also approved the grant of 80,000 non-qualified stock options and 5,500 shares of restricted stock during the third quarter of fiscal 2020. The non-qualified stock options had an average option price of $3.72 while the restricted stock was granted at an average price of $3.95 per share. Total compensation expense recognized for stock-based awards granted under the Company’s equity incentive plan during the three and nine months ended October 31, 2019 was approximately $270,000 and $611,000 , respectively, and during the three and nine months ended October 31, 2018 was approximately $207,000 and $575,000 , respectively. Refer to Note 11 for additional details related to the issuance of Preferred Stock under the Company's ATM offering program.

Sale of Subsidiaries

Sale of Subsidiaries	9 Months Ended
	Oct. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Sale of Subsidiaries	Sale of Subsidiaries In February 2019, the Company completed the sale of its wholly owned Australian subsidiary, Seismic Asia Pacific Pty Ltd. for total contractual proceeds of approximately $660,000 U.S. dollars of which the Company received approximately $240,000 in cash at closing and an unsecured, non-interest bearing two year note receivable in the amount of $420,000 . The agreement also included a working capital adjustment of approximately $114,000 payable to the Company. We received payment of the working capital adjustment in August of 2019. The note receivable was recorded as other non-current assets as of July 31, 2019. In August 2018, the Company completed the sale of its wholly owned Russian subsidiary, MSE, to an unrelated third party (the “Buyer”) for total contractual proceeds of approximately $1.2 million U.S. dollars. Our agreement with the Buyer stipulated a series of eight ( 8 ) payments totaling the contractual proceeds, plus interest accruing at a rate of 9% per annum, with the final payment to be received on or before August 31, 2019. Through October 31, 2019, the Buyer has made payments totaling approximately $555,000 . Although we did not receive all the stipulated payments before August 31, 2019, we are working with the Buyer and expect the remaining balance of contractual proceeds due, together with applicable interest, to be paid in full. The amounts due from Buyer were recorded in accounts receivable at October 31, 2019 and January 31, 2019. As a result of the sale, the Company recorded a loss of approximately $4.9 million , including recognition of approximately $5.4 million of cumulative translation losses which had been historically recorded in Accumulated Other Comprehensive Loss, a component of equity.

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 31, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Marine Technology Products segment is engaged in the design, manufacture and sale of state-of-the-art seismic and offshore telemetry systems. Manufacturing, support and sales facilities are maintained in the United Kingdom, Singapore, Malaysia, the states of New Hampshire and Texas. Prior to the sale of SAP in February 2019, we had a facility in Australia. See Note 13 to our condensed consolidated financial statements. The Equipment Leasing segment offers for lease or sale, new and used seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities. The Equipment Leasing segment is headquartered in Texas, with sales and services offices in Canada, Hungary, Singapore and, prior to the sale of MSE in August 2018, Russia. See Note 13 to our condensed consolidated financial statements. Financial information by business segment is set forth below (net of any allocations): Total Assets As of October 31, 2019 As of January 31, 2019 (in thousands) Marine technology products $ 49,408 $ 44,832 Equipment leasing 13,088 20,469 Consolidated $ 62,496 $ 65,301 Results for the three months ended October 31, 2019 and 2018 were as follows (in thousands): Revenues Operating (loss) income (Loss) income before taxes 2019 2018 2019 2018 2019 2018 Marine technology products $ 8,065 $ 9,305 $ (227 ) $ 876 $ (289 ) $ 881 Equipment leasing 2,622 5,386 (745 ) (347 ) (722 ) (5,443 ) Corporate expenses — — (957 ) (864 ) (957 ) (864 ) Eliminations (24 ) (40 ) — (14 ) — (14 ) Consolidated $ 10,663 $ 14,651 $ (1,929 ) $ (349 ) $ (1,968 ) $ (5,440 ) Results for the nine months ended October 31, 2019 and 2018 were as follows (in thousands): Revenues Operating loss Loss before taxes 2019 2018 2019 2018 2019 2018 Marine technology products $ 20,792 $ 19,025 $ (2,106 ) $ (2,515 ) $ (2,071 ) $ (2,441 ) Equipment leasing 8,732 11,906 (2,685 ) (5,369 ) (2,689 ) (10,359 ) Corporate expenses — — (2,656 ) (2,599 ) (2,656 ) (2,599 ) Eliminations (106 ) (317 ) — (14 ) — (13 ) Consolidated $ 29,418 $ 30,614 $ (7,447 ) $ (10,497 ) $ (7,416 ) $ (15,412 ) Sales from the Marine Technology Products segment to the Equipment Leasing segment are eliminated in consolidated revenues. Consolidated income before taxes reflects the elimination of profit from intercompany sales and depreciation expense on the difference between the sales price and the cost to manufacture the equipment. Fixed assets are reduced by the difference between the sales price and the cost to manufacture the equipment, less the accumulated depreciation related to the difference.

Organization (Policies)

Organization (Policies)	9 Months Ended
	Oct. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Mitcham Industries, Inc., a Texas corporation (the “Company”), was incorporated in 1987. The Company, through its wholly owned subsidiary, Seamap International Holdings Pte, Ltd. (“Seamap”), and its wholly owned subsidiary, Klein Marine Systems, Inc. (“Klein”), designs, manufactures and sells a broad range of proprietary products for the seismic, hydrographic and offshore industries with product sales and support facilities based in New Hampshire, Singapore, Malaysia, the United Kingdom and Texas. The Company, together with its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”); its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”); its wholly owned Singaporean subsidiary, Mitcham Marine Leasing Pte. Ltd. (“MML”); and its branch operations in Colombia, provides full-service equipment leasing, sales and service to the seismic industry worldwide. In February 2019 the Company sold its wholly owned Australian subsidiary Seismic Asia Pacific Pty Ltd (“SAP”) and in August 2018 the Company sold its wholly owned Russian subsidiary, Mitcham Seismic Eurasia LLC (“MSE”). See Note 13 to our condensed consolidated financial statements for more information. All intercompany transactions and balances have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation The condensed consolidated balance sheet as of January 31, 2019 for the Company has been derived from audited consolidated financial statements. The unaudited interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2019 . In the opinion of the Company’s management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position as of October 31, 2019 , the results of operations for the three and nine months ended October 31, 2019 and 2018 , the cash flows for the three and nine months ended October 31, 2019 and 2018 , and the statement of shareholders’ equity for the nine months ended October 31, 2019 and 2018 , have been included in these condensed consolidated financial statements. The foregoing interim results are not necessarily indicative of the results of operations to be expected for the full fiscal year ending January 31, 2020.
New Accounting Pronouncements	New Accounting Pronouncements In August 2018, the SEC adopted amendments to simplify certain disclosure requirements, as set forth in Securities Act Release No. 33-10532, Disclosure Update and Simplification, which includes a requirement for entities to present the changes in shareholders’ equity in the interim financial statements in quarterly reports on Form 10-Q. This amendment is effective for all filings made on or after November 5, 2018. Considering the timing of effectiveness of the amendment and proximity to the filing date for most filers’ quarterly reports, the SEC has allowed for a filer’s first presentation of the changes in shareholders’ equity to be included in its Form 10-Q for the quarter that begins after the effective date. The Company adopted the SEC’s amendment to interim disclosures in the first quarter of fiscal 2020 and has presented the changes in shareholders’ equity on an interim basis. In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective February 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at February 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections. See Note 7 to our condensed consolidated financial statements for additional details. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements on fair value measurement by removing, modifying and adding certain disclosures. This ASU is effective for the annual period beginning after December 15, 2019, including interim periods within that annual period. The Company is currently evaluating the new guidance to determine the impact it will have on the Company’s consolidated financial statements.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Oct. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition: Three Months Ended October 31, Nine Months Ended October 31, 2019 2018 2019 2018 Revenue recognized at a point in time: (in thousands) Seamap $ 5,447 $ 5,356 $ 14,401 $ 10,512 Klein 2,380 2,683 5,778 5,560 SAP — 1,085 101 2,362 Total revenue recognized at a point in time $ 7,827 $ 9,124 $ 20,280 — $ 18,434 Revenue recognized over time: Seamap $ 238 $ 181 $ 512 $ 591 Total revenue recognized over time 238 181 512 — 591 Total revenue from contracts with customers $ 8,065 $ 9,305 $ 20,792 — $ 19,025 The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers: Three Months Ended October 31, Nine Months Ended October 31, 2019 2018 2019 2018 (in thousands) United States $ 1,376 $ 1,104 $ 3,217 $ 2,356 Europe, Russia & CIS 3,650 5,629 8,817 10,395 Middle East & Africa 810 515 1,359 1,151 Asia-Pacific 1,257 1,820 4,365 4,499 Canada & Latin America 972 237 3,034 624 Total revenue from contracts with customers $ 8,065 $ 9,305 $ 20,792 $ 19,025
Contract with Customer, Asset and Liability	As of October 31, 2019, and January 31, 2019, contract assets and liabilities consisted of the following: October 31, 2019 January 31, 2019 Contract Assets: (in thousands) Unbilled revenue - current $ 38 $ 340 Total unbilled revenue $ 38 $ 340 Contract Liabilities: Deferred revenue & customer deposits - current $ 2,544 $ 556 Deferred revenue & customer deposits - non-current 3 11 Total deferred revenue & customer deposits $ 2,547 $ 567

Acquisition of Assets (Tables)

Acquisition of Assets (Tables)	9 Months Ended
	Oct. 31, 2019
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	Details of the purchase price and the allocation of the purchase price to the assets acquired are as follows (in thousands): Purchase Price: Cash $ 3,000 Release of claims against Hydroscience 1,144 Transaction costs 312 Total purchase price $ 4,456 Allocation of purchase price: Inventory $ 206 Tangible assets (mainly manufacturing equipment) 350 Intangible assets (including patents, designs & software) 3,900 Total purchase price $ 4,456

Balance Sheet (Tables)

Balance Sheet (Tables)	9 Months Ended
	Oct. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts and Contracts Receivables	As of October 31, 2019 As of January 31, 2019 Current Long-term Total Current Long-term Total Accounts receivable $ 15,016 $ — $ 15,016 $ 14,195 $ 712 $ 14,907 Less allowance for doubtful accounts (2,069 ) — (2,069 ) (2,113 ) — (2,113 ) Accounts receivable net of allowance for doubtful accounts $ 12,947 $ — $ 12,947 $ 12,082 $ 712 $ 12,794
Schedule of Inventories	October 31, 2019 January 31, 2019 (in thousands) Inventories: Raw materials $ 7,363 $ 5,446 Finished goods 3,602 5,229 Work in progress 3,730 1,322 14,695 11,997 Less allowance for obsolescence (1,136 ) (1,223 ) Total inventories, net $ 13,559 $ 10,774
Schedule of Seismic Equipment Lease Pool and Property and Equipment	October 31, 2019 January 31, 2019 (in thousands) Seismic equipment lease pool and property and equipment: Seismic equipment lease pool $ 145,914 $ 147,519 Land and buildings 4,213 4,041 Furniture and fixtures 10,450 9,897 Autos and trucks 571 571 161,148 162,028 Accumulated depreciation and amortization (147,127 ) (147,873 ) Total seismic equipment lease pool and property and equipment, net $ 14,021 $ 14,155

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 31, 2019
Leases [Abstract]
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases as of October 31, 2019 was as follows (in thousands): Lease October 31, 2019 Impact of ASC 842 Transition Assets Operating lease assets $ 2,455 $ 2,710 Liabilities Operating lease liabilities $ 2,455 $ 2,710 Classification of lease liabilities Current liabilities $ 367 Non-current liabilities 2,088 Total Operating lease liabilities $ 2,455 Lease-term and discount rate details as of October 31, 2019 were as follows: Lease term and discount rate October 31, 2019 Weighted average remaining lease term (years) Operating leases 1.9 Weighted average discount rate: Operating leases 10.02 %
Supplemental Cash Flow Information	Supplemental cash flow information related to leases was as follows (in thousands): Lease Nine Months Ended October 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (881 ) Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 592
Maturities of Lease Liabilities	Maturities of lease liabilities at October 31, 2019 were as follows (in thousands): October 31, 2019 2020 $ 367 2021 1,299 2022 749 2023 199 2024 101 Thereafter 73 Total payments under lease agreements $ 2,788 Less: imputed interest (333 ) Total lease liabilities $ 2,455

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Oct. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Weighted Average Life at 10/31/2019 October 31, 2019 January 31, 2019 Gross Carrying Amount Accumulated Amortization Impairment Net Carrying Amount Gross Carrying Amount Accumulated Amortization Impairment Net Carrying Amount (in thousands) (in thousands) Goodwill $ 7,060 $ — $ (4,529 ) $ 2,531 $ 7,060 $ — $ (4,529 ) $ 2,531 Proprietary rights 7.2 $ 9,293 $ (4,766 ) $ — $ 4,527 $ 9,303 $ (4,292 ) $ — $ 5,011 Customer relationships 2.1 5,024 (3,660 ) — 1,364 5,024 (3,147 ) — 1,877 Patents 4.8 2,440 (1,215 ) — 1,225 2,441 (1,028 ) — 1,413 Trade name 6.6 894 (60 ) — 834 894 (52 ) — 842 Developed technology 6.2 1,430 (548 ) — 882 1,430 (441 ) — 989 Other 4.6 680 (59 ) — 621 385 (22 ) — 363 Amortizable intangible assets $ 19,761 $ (10,308 ) $ — $ 9,453 $ 19,477 $ (8,982 ) $ — $ 10,495
Future Estimated Amortization Expense Related to Amortizable Intangible Assets	As of October 31, 2019 , future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands): For fiscal years ending January 31 2020 $ 498 2021 1,762 2022 1,242 2023 1,138 2024 934 Thereafter 3,879 Total $ 9,453

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Oct. 31, 2019
Earnings Per Share [Abstract]
Basic and Diluted Weighted Average Common Shares Used in Earnings Per Share Calculation	The following table presents the calculation of basic and diluted weighted average common shares used in the earnings per share calculation: Three Months Ended October 31, Nine Months Ended October 31, 2019 2018 2019 2018 (in thousands) (in thousands) Basic weighted average common shares outstanding 12,158 12,119 12,135 12,100 Stock options 44 92 80 73 Unvested restricted stock 2 3 2 10 Total weighted average common share equivalents 46 95 82 83 Diluted weighted average common shares outstanding 12,204 12,214 12,217 12,183

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 31, 2019
Segment Reporting [Abstract]
Reconciliation of Assets from Segment to Consolidated	Financial information by business segment is set forth below (net of any allocations): Total Assets As of October 31, 2019 As of January 31, 2019 (in thousands) Marine technology products $ 49,408 $ 44,832 Equipment leasing 13,088 20,469 Consolidated $ 62,496 $ 65,301
Reconciliation of Revenue from Segment to Consolidated	Results for the three months ended October 31, 2019 and 2018 were as follows (in thousands): Revenues Operating (loss) income (Loss) income before taxes 2019 2018 2019 2018 2019 2018 Marine technology products $ 8,065 $ 9,305 $ (227 ) $ 876 $ (289 ) $ 881 Equipment leasing 2,622 5,386 (745 ) (347 ) (722 ) (5,443 ) Corporate expenses — — (957 ) (864 ) (957 ) (864 ) Eliminations (24 ) (40 ) — (14 ) — (14 ) Consolidated $ 10,663 $ 14,651 $ (1,929 ) $ (349 ) $ (1,968 ) $ (5,440 ) Results for the nine months ended October 31, 2019 and 2018 were as follows (in thousands): Revenues Operating loss Loss before taxes 2019 2018 2019 2018 2019 2018 Marine technology products $ 20,792 $ 19,025 $ (2,106 ) $ (2,515 ) $ (2,071 ) $ (2,441 ) Equipment leasing 8,732 11,906 (2,685 ) (5,369 ) (2,689 ) (10,359 ) Corporate expenses — — (2,656 ) (2,599 ) (2,656 ) (2,599 ) Eliminations (106 ) (317 ) — (14 ) — (13 ) Consolidated $ 29,418 $ 30,614 $ (7,447 ) $ (10,497 ) $ (7,416 ) $ (15,412 )

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Revenue Disaggregation (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 8,065	$ 9,305	$ 20,792	$ 19,025
Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	7,827	9,124	20,280	18,434
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	238	181	512	591
Seamap | Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	5,447	5,356	14,401	10,512
Seamap | Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	238	181	512	591
Klein | Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	2,380	2,683	5,778	5,560
SAP | Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 0	$ 1,085	$ 101	$ 2,362

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Revenue Disaggregated by Geography (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 8,065	$ 9,305	$ 20,792	$ 19,025
United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,376	1,104	3,217	2,356
Europe, Russia & CIS
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	3,650	5,629	8,817	10,395
Middle East & Africa
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	810	515	1,359	1,151
Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,257	1,820	4,365	4,499
Canada & Latin America
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 972	$ 237	$ 3,034	$ 624

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Contract Assets And Liabilities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2019	Jan. 31, 2019
Contract Assets:
Unbilled revenue - current	$ 38	$ 340
Total unbilled revenue	38	340
Contract Liabilities:
Deferred revenue & customer deposits - current	2,544	556
Deferred revenue & customer deposits - non-current	3	11
Total deferred revenue & customer deposits	$ 2,547	$ 567
Minimum
Contract With Customers [Line Items]
Contract with customers, turn over period	3 months
Maximum
Contract With Customers [Line Items]
Contract with customers, turn over period	6 months

Acquisition of Assets (Detail)

Acquisition of Assets (Detail) $ in Thousands	1 Months Ended
	Feb. 28, 2018USD ($)shares
Preferred Stock
Allocation of purchase price:
Stock issued during period (in shares) | shares	174,046
Preferred stock dividend rate	9.00%
Value of shares issued	$ 4,000
Hydroscience
Purchase Price:
Cash	3,000
Release of claims against Hydroscience	1,144
Transaction costs	312
Total purchase price	4,456
Allocation of purchase price:
Inventory	206
Tangible assets (mainly manufacturing equipment)	350
Intangible assets (including patents, designs & software)	3,900
Total purchase price	$ 4,456

Balance Sheet - Accounts Receiv

Balance Sheet - Accounts Receivable (Detail) - USD ($) $ in Thousands	Oct. 31, 2019	Jan. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Current accounts receivable	$ 15,016	$ 14,195
Long-term accounts receivable	0	712
Accounts receivable	15,016	14,907
Less current portion of allowance for doubtful accounts	(2,069)	(2,113)
Less long-term portion of allowance for doubtful accounts	0	0
Less total allowance for doubtful accounts	(2,069)	(2,113)
Current accounts receivable, net of allowance for doubtful accounts	12,947	12,082
Long-term accounts receivable, net of allowance for doubtful accounts	0	712
Total accounts receivable, net of allowance for doubtful accounts	$ 12,947	$ 12,794

Balance Sheet - Additional Info

Balance Sheet - Additional Information (Detail)	9 Months Ended	12 Months Ended
	Oct. 31, 2019USD ($)customer	Jan. 31, 2019USD ($)customer
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of customers due | customer	2	3
Contracts receivable	$ 1,500,000	$ 3,000,000
Contracts receivable, noncurrent		$ 712,000
Contracts receivable, interest rate	4.30%	3.60%
Impairment of long-lived assets	$ 0	$ 0

Balance Sheet - Schedule of Inv

Balance Sheet - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Oct. 31, 2019	Jan. 31, 2019
Inventories:
Raw materials	$ 7,363	$ 5,446
Finished goods	3,602	5,229
Work in progress	3,730	1,322
Cost of inventories	14,695	11,997
Less allowance for obsolescence	(1,136)	(1,223)
Total inventories, net	$ 13,559	$ 10,774

Balance Sheet - Schedule of Sei

Balance Sheet - Schedule of Seismic Equipment Lease Pool and Property and Equipment (Detail) - USD ($) $ in Thousands	Oct. 31, 2019	Jan. 31, 2019
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	$ 161,148	$ 162,028
Accumulated depreciation and amortization	(147,127)	(147,873)
Total seismic equipment lease pool and property and equipment, net	14,021	14,155
Seismic equipment lease pool
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	145,914	147,519
Land and buildings
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	4,213	4,041
Furniture and fixtures
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	10,450	9,897
Autos and trucks
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	$ 571	$ 571

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2019	Oct. 31, 2019	Apr. 30, 2019	Feb. 01, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 2,455	$ 2,455	$ 3,000	$ 2,710
Total operating lease liabilities	2,455	2,455	$ 3,000	$ 2,710
Lease expense	294	881
Short-term lease expense	$ 10	$ 30

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Apr. 30, 2019	Feb. 01, 2019
Assets
Operating lease right-of-use assets	$ 2,455	$ 3,000	$ 2,710
Liabilities
Total operating lease liabilities	2,455	3,000	2,710
Current liabilities	367
Non-current liabilities	2,088
Total Operating lease liabilities	$ 2,455	$ 3,000	$ 2,710
Weighted average remaining lease term (years)
Operating leases	1 year 11 months 1 day
Weighted average discount rate:
Operating leases	10.02%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) $ in Thousands	9 Months Ended
	Oct. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ (881)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$ 592

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Apr. 30, 2019	Feb. 01, 2019
Leases [Abstract]
2020	$ 367
2021	1,299
2022	749
2023	199
2024	101
Thereafter	73
Total payments under lease agreements	2,788
Less: imputed interest	(333)
Total lease liabilities	$ 2,455	$ 3,000	$ 2,710

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Net Carrying Amount (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2019	Jan. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Gross Carrying Amount	$ 7,060	$ 7,060
Goodwill, Impairment	(4,529)	(4,529)
Goodwill, Net Carrying Amount	2,531	2,531
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	19,761	19,477
Accumulated Amortization	(10,308)	(8,982)
Net Carrying Amount	$ 9,453	10,495
Proprietary rights
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	7 years 1 month 28 days
Gross Carrying Amount	$ 9,293	9,303
Accumulated Amortization	(4,766)	(4,292)
Net Carrying Amount	$ 4,527	5,011
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	2 years 1 month 2 days
Gross Carrying Amount	$ 5,024	5,024
Accumulated Amortization	(3,660)	(3,147)
Net Carrying Amount	$ 1,364	1,877
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	4 years 9 months
Gross Carrying Amount	$ 2,440	2,441
Accumulated Amortization	(1,215)	(1,028)
Net Carrying Amount	$ 1,225	1,413
Trade name
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	6 years 7 months
Gross Carrying Amount	$ 894	894
Accumulated Amortization	(60)	(52)
Net Carrying Amount	$ 834	842
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	6 years 2 months
Gross Carrying Amount	$ 1,430	1,430
Accumulated Amortization	(548)	(441)
Net Carrying Amount	$ 882	989
Other
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	4 years 7 months 2 days
Gross Carrying Amount	$ 680	385
Accumulated Amortization	(59)	(22)
Net Carrying Amount	$ 621	$ 363

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment charges	$ 0
Aggregate amortization expense	$ 457,000	$ 1,300,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Future Estimated Amortization Expense Related to Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	Oct. 31, 2019	Jan. 31, 2019
For fiscal years ending January 31
2020	$ 498
2021	1,762
2022	1,242
2023	1,138
2024	934
Thereafter	3,879
Net Carrying Amount	$ 9,453	$ 10,495

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 60	$ (249)	$ 163	$ 273
Pre-tax net loss	$ 1,968	$ 5,440	$ 7,416	$ 15,412

Earnings per Share - Basic and

Earnings per Share - Basic and Diluted Weighted Average Common Shares Used in Earnings Per Share Calculation (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	12,158	12,119	12,135	12,100
Stock options	44	92	80	73
Unvested restricted stock	2	3	2	10
Total weighted average common share equivalents	46	95	82	83
Diluted weighted average common shares outstanding	12,204	12,214	12,217	12,183

Related Party Transaction - Add

Related Party Transaction - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended	37 Months Ended
	Oct. 31, 2019	Oct. 31, 2019	Oct. 31, 2019	Jan. 31, 2019	Oct. 07, 2016
Related Party Transaction [Line Items]
Maximum number of preferred stock to be issued (in shares)	1,000,000	1,000,000	1,000,000	1,000,000
Preferred stock, par value (in usd per share)	$ 1	$ 1	$ 1	$ 1
Series A Preferred Stock | Non-Executive Chairman
Related Party Transaction [Line Items]
Equity distribution compensation expenses		$ 0
Series A Preferred Stock | Ladenburg Thalmann & Co. Inc.
Related Party Transaction [Line Items]
Maximum number of preferred stock to be issued (in shares)					500,000
Preferred stock dividend rate			9.00%
Preferred stock, par value (in usd per share)					$ 1
Percentage of compensation fees to be paid			2.00%
Stock issued during period (in shares)	10,300	97,238	433,564
Gross proceeds from preferred stock	$ 241,000	$ 2,400,000
Equity distribution compensation expenses	$ 5,000	$ 47,000

Equity and Stock-Based Compen_2

Equity and Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Quarterly dividends declared (in usd per share)	$ 0.5625
Average option price (in dollars per share)	$ 3.72
Compensation expense related to stock-based awards granted	$ 270	$ 207	$ 611	$ 575
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	80,000		80,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	5,500		5,500
Grant price (in dollars per share)	$ 3.95

Sale of Subsidiaries (Details)

Sale of Subsidiaries (Details) $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended		15 Months Ended
	Feb. 28, 2019USD ($)	Aug. 31, 2018USD ($)payment	Oct. 31, 2019USD ($)	Oct. 31, 2018USD ($)	Oct. 31, 2019USD ($)	Oct. 31, 2018USD ($)	Oct. 31, 2019USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on sale subsidiary			$ 0	$ 4,905	$ 0	$ 4,905
Cumulative translation loss			$ 0	$ 5,355	$ 0	$ 5,355
Seismic Asia Pacific Pty Ltd | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of subsidiary	$ 660
Proceeds in cash from sale of subsidiary	$ 240
Note receivable term (in years)	2 years
Proceeds in note receivable from sale of subsidiary	$ 420
Working capital adjustment	$ 114
Mitcham Seismic Eurasia LLC | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of subsidiary		$ 1,200
Proceeds in cash from sale of subsidiary							$ 555
Number of payments | payment		8
Interest rate on payments due from sale of subsidiary		9.00%
Loss on sale subsidiary		$ 4,900
Cumulative translation loss		$ 5,400

Segment Reporting - Financial I

Segment Reporting - Financial Information by Business Segment (Assets) (Detail) - USD ($) $ in Thousands	Oct. 31, 2019	Jan. 31, 2019
Segment Reporting Information [Line Items]
Total Assets	$ 62,496	$ 65,301
Operating Segments | Marine technology products
Segment Reporting Information [Line Items]
Total Assets	49,408	44,832
Operating Segments | Equipment leasing
Segment Reporting Information [Line Items]
Total Assets	$ 13,088	$ 20,469

Segment Reporting - Financial_2

Segment Reporting - Financial Information by Business Segment (Revenues) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 10,663	$ 14,651	$ 29,418	$ 30,614
Operating (loss) income	(1,929)	(349)	(7,447)	(10,497)
(Loss) income before taxes	(1,968)	(5,440)	(7,416)	(15,412)
Operating Segments | Marine technology products
Segment Reporting Information [Line Items]
Revenues	8,065	9,305	20,792	19,025
Operating (loss) income	(227)	876	(2,106)	(2,515)
(Loss) income before taxes	(289)	881	(2,071)	(2,441)
Operating Segments | Equipment leasing
Segment Reporting Information [Line Items]
Revenues	2,622	5,386	8,732	11,906
Operating (loss) income	(745)	(347)	(2,685)	(5,369)
(Loss) income before taxes	(722)	(5,443)	(2,689)	(10,359)
Corporate expenses
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Operating (loss) income	(957)	(864)	(2,656)	(2,599)
(Loss) income before taxes	(957)	(864)	(2,656)	(2,599)
Eliminations
Segment Reporting Information [Line Items]
Revenues	(24)	(40)	(106)	(317)
Operating (loss) income	0	(14)	0	(14)
(Loss) income before taxes	$ 0	$ (14)	$ 0	$ (13)