Supplemental Guarantors Consolidating Condensed Financial Information (Tables)

6 Months Ended

Jun. 30, 2017

Supplemental Guarantors Consolidating Condensed Financial Information [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

CONSOLIDATING CONDENSED BALANCE SHEET

As of June 30, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	43,601		$	17,242		$	—		$	60,843
Receivables
Trade, net	—			18,016			265			—			18,281
Notes and other	—			128			267			—			395
Due from Seitel Holdings, Inc.	—			1,185			—			—			1,185
Intercompany receivables (payables)	(63,688		)	61,392			2,296			—			—
Investment in subsidiaries	409,544			420,301			678			(830,523		)	—
Net seismic data library	—			72,201			19,085			—			91,286
Net property and equipment	—			522			1,100			—			1,622
Prepaid expenses, deferred charges and other	119			1,628			750			—			2,497
Intangible assets, net	900			—			—			—			900
Goodwill	—			107,688			76,680			—			184,368
Deferred income taxes	—			96			176			—			272
TOTAL ASSETS	$	346,875		$	726,758		$	118,539		$	(830,523	)	$	361,649
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES
Accounts payable and accrued liabilities	$	5,008		$	8,258		$	2,889		$	—		$	16,155
Income taxes payable	—			25			507			—			532
Senior Notes	247,484			—			—			—			247,484
Obligations under capital leases	—			—			1,443			—			1,443
Deferred revenue	—			11,157			1,757			—			12,914
Deferred income taxes	—			—			1,680			—			1,680
TOTAL LIABILITIES	252,492			19,440			8,276			—			280,208
STOCKHOLDER’S EQUITY
Common stock	—			—			—			—			—
Additional paid-in capital	400,588			—			—			—			400,588
Parent investment	—			764,105			156,728			(920,833		)	—
Retained deficit	(306,205		)	(56,787		)	(33,171		)	89,958			(306,205		)
Accumulated other comprehensive loss	—			—			(13,294		)	352			(12,942		)
TOTAL STOCKHOLDER’S EQUITY	94,383			707,318			110,263			(830,523		)	81,441
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	346,875		$	726,758		$	118,539		$	(830,523	)	$	361,649

CONSOLIDATING CONDENSED BALANCE SHEET

As of December 31, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	47,971		$	8,026		$	—		$	55,997
Receivables
Trade, net	—			14,819			9,662			—			24,481
Notes and other	—			412			24			—			436
Due from Seitel Holdings, Inc.	—			1,177			—			—			1,177
Intercompany receivables (payables)	(51,982		)	51,262			720			—			—
Investment in subsidiaries	420,308			420,456			630			(841,394		)	—
Net seismic data library	—			94,039			21,907			(24		)	115,922
Net property and equipment	—			611			1,098			—			1,709
Prepaid expenses, deferred charges and other	30			1,413			319			—			1,762
Intangible assets, net	900			402			116			—			1,418
Goodwill	—			107,688			74,324			—			182,012
Deferred income taxes	—			92			165			—			257
TOTAL ASSETS	$	369,256		$	740,342		$	116,991		$	(841,418	)	$	385,171
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES
Accounts payable and accrued liabilities	$	5,007		$	8,559		$	3,441		$	—		$	17,007
Income taxes payable	—			24			596			—			620
Senior Notes	246,857			—			—			—			246,857
Obligations under capital leases	—			—			1,510			—			1,510
Deferred revenue	—			13,574			2,330			—			15,904
Deferred income taxes	—			—			2,214			—			2,214
TOTAL LIABILITIES	251,864			22,157			10,091			—			284,112
STOCKHOLDER’S EQUITY
Common stock	—			—			—			—			—
Additional paid-in capital	400,582			—			—			—			400,582
Parent investment	—			764,105			156,594			(920,699		)	—
Retained deficit	(283,190		)	(45,920		)	(33,120		)	79,040			(283,190		)
Accumulated other comprehensive loss	—			—			(16,574		)	241			(16,333		)
TOTAL STOCKHOLDER’S EQUITY	117,392			718,185			106,900			(841,418		)	101,059
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	369,256		$	740,342		$	116,991		$	(841,418	)	$	385,171

Schedule of Condensed Income Statement [Table Text Block]

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Three Months Ended June 30, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	19,291		$	5,010		$	(601	)	$	23,700
EXPENSES:
Depreciation and amortization	—			18,366			3,615			(12		)	21,969
Cost of sales	—			317			(8		)	(276		)	33
Selling, general and administrative	137			4,010			1,183			(325		)	5,005
	137			22,693			4,790			(613		)	27,007
INCOME (LOSS) FROM OPERATIONS	(137		)	(3,402		)	220			12			(3,307		)
Interest expense, net	(6,039		)	(145		)	(3		)	—			(6,187		)
Foreign currency exchange gains (losses)	—			2			(36		)	—			(34		)
Other income	—			—			96			—			96
Income (loss) before income taxes and equity in income (loss) of subsidiaries	(6,176		)	(3,545		)	277			12			(9,432		)
Provision for income taxes	—			1			203			—			204
Equity in income (loss) of subsidiaries	(3,460		)	74			—			3,386			—
NET INCOME (LOSS)	$	(9,636	)	$	(3,472	)	$	74		$	3,398		$	(9,636	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended June 30, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Consolidating Eliminations		Consolidated Total
Net income (loss)	$	(9,636	)	$	(3,472	)	$	74	$	3,398	$	(9,636	)
Foreign currency translation adjustments	—			—			2,569		—		2,569
Comprehensive income (loss)	$	(9,636	)	$	(3,472	)	$	2,643	$	3,398	$	(7,067	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Three Months Ended June 30, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	18,806		$	5,903		$	(369	)	$	24,340
EXPENSES:
Depreciation and amortization	—			20,256			4,561			(12		)	24,805
Cost of sales	—			62			5			(56		)	11
Selling, general and administrative	360			3,370			1,266			(328		)	4,668
	360			23,688			5,832			(396		)	29,484
INCOME (LOSS) FROM OPERATIONS	(360		)	(4,882		)	71			27			(5,144		)
Interest expense, net	(5,646		)	(599		)	(89		)	—			(6,334		)
Foreign currency exchange losses	—			—			(10		)	—			(10		)
Other income	—			3			1			—			4
Loss before income taxes and equity in income (loss) of subsidiaries	(6,006		)	(5,478		)	(27		)	27			(11,484		)
Provision (benefit) for income taxes	—			16			(2,265		)	—			(2,249		)
Equity in income (loss) of subsidiaries	(3,229		)	2,238			—			991			—
NET INCOME (LOSS)	$	(9,235	)	$	(3,256	)	$	2,238		$	1,018		$	(9,235	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended June 30, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Net income (loss)	$	(9,235	)	$	(3,256	)	$	2,238		$	1,018	$	(9,235	)
Foreign currency translation adjustments	—			—			(308		)	—		(308		)
Comprehensive income (loss)	$	(9,235	)	$	(3,256	)	$	1,930		$	1,018	$	(9,543	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Six Months Ended June 30, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	33,093		$	12,144		$	(942	)	$	44,295
EXPENSES:
Depreciation and amortization	—			34,482			9,775			(25		)	44,232
Cost of sales	—			327			6			(290		)	43
Selling, general and administrative	260			8,637			2,406			(652		)	10,651
	260			43,446			12,187			(967		)	54,926
LOSS FROM OPERATIONS	(260		)	(10,353		)	(43		)	25			(10,631		)
Interest expense, net	(11,913		)	(466		)	(18		)	—			(12,397		)
Foreign currency exchange gains (losses)	—			2			(87		)	—			(85		)
Other income	—			—			96			—			96
Loss before income taxes and equity in loss of subsidiaries	(12,173		)	(10,817		)	(52		)	25			(23,017		)
Benefit for income taxes	—			(1		)	(1		)	—			(2		)
Equity in loss of subsidiaries	(10,842		)	(51		)	—			10,893			—
NET LOSS	$	(23,015	)	$	(10,867	)	$	(51	)	$	10,918		$	(23,015	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Six Months Ended June 30, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Net loss	$	(23,015	)	$	(10,867	)	$	(51	)	$	10,918	$	(23,015	)
Foreign currency translation adjustments	—			—			3,280			111		3,391
Comprehensive income (loss)	$	(23,015	)	$	(10,867	)	$	3,229		$	11,029	$	(19,624	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Six Months Ended June 30, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	29,280		$	7,722		$	(712	)	$	36,290
EXPENSES:
Depreciation and amortization	—			29,166			10,765			(25		)	39,906
Cost of sales	—			77			12			(56		)	33
Selling, general and administrative	573			7,457			3,253			(656		)	10,627
	573			36,700			14,030			(737		)	50,566
LOSS FROM OPERATIONS	(573		)	(7,420		)	(6,308		)	25			(14,276		)
Interest expense, net	(11,302		)	(1,206		)	(182		)	—			(12,690		)
Foreign currency exchange gains	—			—			163			—			163
Other income	—			9			1			—			10
Loss before income taxes and equity in loss of subsidiaries	(11,875		)	(8,617		)	(6,326		)	25			(26,793		)
Benefit for income taxes	—			(11		)	(3,683		)	—			(3,694		)
Equity in loss of subsidiaries	(11,224		)	(2,643		)	—			13,867			—
NET LOSS	$	(23,099	)	$	(11,249	)	$	(2,643	)	$	13,892		$	(23,099	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Six Months Ended June 30, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Net loss	$	(23,099	)	$	(11,249	)	$	(2,643	)	$	13,892	$	(23,099	)
Foreign currency translation adjustments	—			—			6,353			83		6,436
Comprehensive income (loss)	$	(23,099	)	$	(11,249	)	$	3,710		$	13,975	$	(16,663	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(12,220	)	$	17,498		$	15,576		$	—	$	20,854
Cash flows from investing activities:
Cash invested in seismic data	—			(9,491		)	(6,610		)	—		(16,101		)
Cash paid to acquire property and equipment	—			(149		)	(101		)	—		(250		)
Cash from sale of property and equipment	—			—			3			—		3
Advances to Seitel Holdings, Inc.	—			(8		)	—			—		(8		)
Net cash used in investing activities	—			(9,648		)	(6,708		)	—		(16,356		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			—			(112		)	—		(112		)
Intercompany transfers	12,220			(12,220		)	—			—		—
Net cash provided by (used in) financing activities	12,220			(12,220		)	(112		)	—		(112		)
Effect of exchange rate changes	—			—			460			—		460
Net increase (decrease) in cash and cash equivalents	—			(4,370		)	9,216			—		4,846
Cash and cash equivalents at beginning of period	—			47,971			8,026			—		55,997
Cash and cash equivalents at end of period	$	—		$	43,601		$	17,242		$	—	$	60,843

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(12,262	)	$	15,018		$	1,998		$	—	$	4,754
Cash flows from investing activities:
Cash invested in seismic data	—			(11,947		)	(922		)	—		(12,869		)
Cash paid to acquire property and equipment	—			(145		)	—			—		(145		)
Cash from sale of property and equipment	—			17			1			—		18
Advances to Seitel Holdings, Inc.	—			(16		)	—			—		(16		)
Net cash used in investing activities	—			(12,091		)	(921		)	—		(13,012		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			—			(100		)	—		(100		)
Intercompany transfers	12,262			(12,063		)	(199		)	—		—
Net cash provided by (used in) financing activities	12,262			(12,063		)	(299		)	—		(100		)
Effect of exchange rate changes	—			—			156			—		156
Net increase (decrease) in cash and cash equivalents	—			(9,136		)	934			—		(8,202		)
Cash and cash equivalents at beginning of period	—			51,192			1,483			—		52,675
Cash and cash equivalents at end of period	$	—		$	42,056		$	2,417		$	—	$	44,473