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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 52,675 $ 59,175
Receivables    
Trade, less allowance for doubtful accounts of $267 and $268, respectively 14,830 53,250
Notes and other 1,318 1,698
Due from Seitel Holdings, Inc. (Note J) 1,156 1,143
Seismic data library (Note B) 1,259,761 1,239,339
Less: Accumulated amortization (1,098,398) (1,074,260)
Net seismic data library 161,363 165,079
Property and equipment 17,750 18,828
Less: Accumulated depreciation and amortization (15,147) (14,971)
Net property and equipment 2,603 3,857
Prepaid expenses, deferred charges and other 6,487 10,075
Intangible assets, net (Note C) 5,528 10,013
Goodwill (Note C) 179,792 193,722
Deferred income taxes (Note D) 39 81,744
TOTAL ASSETS 425,791 579,756
LIABILITIES AND STOCKHOLDER’S EQUITY    
Accounts payable 8,077 18,433
Accrued liabilities 14,981 12,074
Employee compensation payable 592 3,893
Income taxes payable 0 197
Senior Notes (Note E) 250,000 250,000
Obligations under capital leases (Note F) 1,661 2,219
Deferred revenue (Note A) 25,903 34,517
Deferred income taxes (Note D) 2,361 5,334
TOTAL LIABILITIES $ 303,575 $ 326,667
COMMITMENTS AND CONTINGENCIES (Note G)
STOCKHOLDER’S EQUITY    
Common stock, par value $.001 per share; 100 shares authorized, issued and outstanding $ 0 $ 0
Additional paid-in capital 400,505 400,177
Retained deficit (258,766) (148,776)
Accumulated other comprehensive income (loss) (19,523) 1,688
TOTAL STOCKHOLDER’S EQUITY 122,216 253,089
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY $ 425,791 $ 579,756