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Segment Information
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates through four business segments – Solutions, Systems, Software and Ocean Bottom Services. The Company measures segment operating results based on income (loss) from operations. In addition, the Company has an equity ownership interest in its INOVA Geophysical joint venture. As of December 31, 2014, the Company wrote its investment in INOVA Geophysical to zero and has suspended recording its share of losses in the joint venture. If at a future date, the Company’s cumulative share of earnings during the period of suspension becomes greater than its share of losses during the same period, the Company will begin to record its share of earnings in the joint venture as long as its net equity method investment remains greater than zero.
The following table is a summary of segment information (in thousands):
 
Three Months Ended March 31,
 
2015
 
2014
Net revenues:
 
 
 
Solutions:
 
 
 
New Venture
$
5,029

 
$
32,738

Data Library
2,137

 
13,217

Total multi-client revenues
7,166

 
45,955

Data Processing
11,833

 
43,286

Total
$
18,999

 
$
89,241

Systems:
 
 
 
Towed Streamer
$
5,165

 
$
11,851

Other
7,604

 
12,997

Total
$
12,769

 
$
24,848

Software:
 
 
 
Software Systems
$
7,729

 
$
9,154

Services
1,081

 
885

Total
$
8,810

 
$
10,039

Ocean Bottom Services
$

 
$
20,570

Total
$
40,578

 
$
144,698

Gross profit (loss):



Solutions
$
(10,392
)
 
$
33,011

Systems
4,559

 
11,417

Software
5,590

 
7,257

Ocean Bottom Services
(15,545
)
 
5,169

Total
$
(15,788
)
 
$
56,854

Gross margin:
 
 
 
Solutions
(55
)%
 
37
%
Systems
36
 %
 
46
%
Software
63
 %
 
72
%
Ocean Bottom Services
 %
 
25
%
Total
(39
)%
 
39
%
Income (loss) from operations:
 
 
 
Solutions
$
(21,778
)
 
$
19,112

Systems
1,014

 
3,371

Software
3,335

 
5,128

Ocean Bottom Services
(17,559
)
 
4,162

Corporate and other
(11,701
)
 
(12,102
)
Income (loss) from operations
(46,689
)
 
19,671

Interest expense, net
(4,625
)
 
(4,797
)
Equity in losses of investments

 
(1,688
)
Other income (expense), net
(3,219
)
 
68,526

Income (loss) before income taxes
$
(54,533
)
 
$
81,712