Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information [Abstract]

Segment Information

(3) Segment Information

     The Company evaluates and reviews its results based on four segments: Systems, Software, Solutions and Legacy Land Systems (INOVA). The Company measures segment operating results based on income from operations. The Legacy Land Systems (INOVA) segment represents the disposed land division operations through March 25, 2010, the date of the formation of the INOVA Geophysical joint venture.

     A summary of segment information is as follows (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Net revenues:
Systems:
Towed Streamer	$	20,234		$	19,677		$	37,781		$	29,910
Ocean Bottom		507			1,137			509			1,311
Other		8,734			8,978			15,145			14,686
Total	$	29,475		$	29,792		$	53,435		$	45,907
Software:
Software Systems	$	9,541		$	9,641		$	17,968		$	17,257
Services		558			492			830			848
Total	$	10,099		$	10,133		$	18,798		$	18,105
Solutions:
Data Processing	$	20,634		$	27,753		$	40,933		$	51,718
New Venture		9,772			4,917			32,222			12,343
Data Library		18,552			2,791			33,696			19,521
Total	$	48,958		$	35,461		$	106,851		$	83,582
Legacy Land Systems (INOVA)	$	—		$	—		$	—		$	16,511
Total	$	88,532		$	75,386		$	179,084		$	164,105
Gross profit:
Systems	$	15,110		$	12,381		$	27,355		$	17,939
Software		7,331			6,811			12,909			12,180
Solutions		11,190			8,870			24,506			21,293
Legacy Land Systems (INOVA)		—			—			—			(984	)
Total	$	33,631		$	28,062		$	64,770		$	50,428
Gross margin:
Systems		51	%		42	%		51	%		39	%
Software		73	%		67	%		69	%		67	%
Solutions		23	%		25	%		23	%		26	%
Legacy Land Systems (INOVA)		—	%		—	%		—	%		(6	%)
Total		38	%		37	%		36	%		31	%
Income (loss) from operations:
Systems	$	9,057		$	7,231		$	15,137		$	8,140
Software		6,439			6,256			11,292			11,062
Solutions		3,042			2,548			8,854			8,113
Legacy Land Systems (INOVA)		—			—			—			(9,623	)
Corporate and other		(9,738	)		(10,051	)		(20,412	)		(22,685	)
Income (loss) from operations		8,800			5,984			14,871			(4,993	)
Interest expense, net		(1,187	)		(1,373	)		(2,802	)		(27,016	)
Loss on disposition of land division		—			—			—			(38,115	)
Fair value adjustment of warrant		—			—			—			12,788
Equity in losses of INOVA Geophysical		(4,173	)		(179	)		(5,033	)		(179	)
Other income (expense)		497			(799	)		(2,502	)		2,418
Income (loss) before income taxes	$	3,937		$	3,633		$	4,534		$	(55,097	)