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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 70,581 $ 55,997
Receivables    
Trade, less allowance for doubtful accounts of $176 and $223, respectively 23,330 24,481
Notes and other 2,617 436
Due from Seitel Holdings, Inc. (Note J) 1,191 1,177
Seismic data library (Note B) 1,349,350 1,292,750
Less: Accumulated amortization (1,274,808) (1,176,828)
Net seismic data library 74,542 115,922
Property and equipment 18,945 18,187
Less: Accumulated depreciation and amortization (17,346) (16,478)
Net property and equipment 1,599 1,709
Prepaid expenses, deferred charges and other 1,842 1,762
Intangible assets, net (Note C) 900 1,418
Goodwill (Note C) 187,243 182,012
Deferred income taxes (Note D) 203 257
TOTAL ASSETS 364,048 385,171
LIABILITIES AND STOCKHOLDER’S EQUITY    
Accounts payable 6,649 2,357
Accrued liabilities 10,680 10,286
Employee compensation payable 2,869 4,364
Income taxes payable 2,777 620
Senior Notes (Note E) 248,142 246,857
Obligations under capital leases (Note F) 1,363 1,510
Deferred revenue (Note A) 13,095 15,904
Deferred income taxes (Note D) 1,359 2,214
TOTAL LIABILITIES 286,934 284,112
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 400,592 400,582
Retained deficit (314,671) (283,190)
Accumulated other comprehensive loss (8,807) (16,333)
TOTAL STOCKHOLDER’S EQUITY 77,114 101,059
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY $ 364,048 $ 385,171