Segment and Geographic Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

The Company evaluates and reviews its results based on four 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 its INOVA Geophysical joint venture. See Footnote 15 “Equity Method Investments” for the summarized financial information for INOVA Geophysical.

A summary of segment information follows (in thousands):

	Years Ended December 31,
	2015			2014				2013
Net revenues:
Solutions:
New Venture	$	48,294		$	98,649			$	154,578
Data Library	63,326			66,180				111,998
Total multi-client revenues	111,620			164,829				266,576
Data Processing	45,630			113,075				120,808
Total	$	157,250		$	277,904			$	387,384
Systems:
Towed Streamer	$	15,016		$	43,995			$	66,991
Ocean Bottom Equipment	—			—				7,307
Other	21,253			44,422				48,134
Total	$	36,269		$	88,417			$	122,432
Software:
Software Systems	$	24,764		$	36,203			$	35,418
Services	3,230			3,790				3,933
Total	$	27,994		$	39,993			$	39,351
Ocean Bottom Services	$	—		$	103,244			$	—
Total	$	221,513		$	509,558			$	549,167
Gross profit (loss):
Solutions	$	13,508		$	(24,345	)	(a)	$	111,108
Systems	10,829			29,829			(b)	19,999
Software	17,937			28,835				28,206
Ocean Bottom Services	(34,271		)	27,904				—
Total	$	8,003		$	62,223			$	159,313
Gross margin:
Solutions	9		%	(9		)%		29		%
Systems	30		%	34		%		16		%
Software	64		%	72		%		72		%
Ocean Bottom Services	—		%	27		%		—		%
Total	4		%	12		%		29		%
Income (loss) from operations:
Solutions	$	(28,916	)	$	(80,653	)	(a)	$	61,146
Systems	(2,735		)	(23,521		)	(b)	(9,957		)
Software	9,748			20,212				23,602
Ocean Bottom Services	(40,756		)	19,070				—
Corporate and other	(37,973		)	(53,037		)		(58,395		)
Income (loss) from operations	(100,632		)	(117,929		)		16,396
Interest expense, net	(18,753		)	(19,382		)		(12,344		)
Equity in losses of investments	—			(49,485		)		(42,320		)
Other income (expense)	98,275			79,860				(182,530		)
Loss before income taxes	$	(21,110	)	$	(106,936	)		$	(220,798	)

^(a)    Includes a charge of $100.1 million to write down the multi-client data library, impacting gross profit (loss), in addition to charges for the impairment of intangible assets and severance-related charges within the Solutions segment.

^(b)    Includes a charge of $21.9 million to write down goodwill, impacting income (loss) from operations, in addition to charges for write-downs of inventory and receivables and severance-related charges within the Systems segment.

	Years Ended December 31,
	2015		2014		2013
Depreciation and amortization (including multi-client data library):
Solutions	$	51,014	$	80,138	$	99,774
Systems	1,678		1,860		2,665
Software	1,191		989		699
Ocean Bottom Services	6,158		6,517		—
Corporate and other	2,270		2,526		1,736
Total	$	62,311	$	92,030	$	104,874

	December 31,
	2015		2014
Total assets:
Solutions	$	243,067	$	265,505
Systems	60,064		84,465
Software	38,097		38,479
Ocean Bottom Services	35,792		56,637
Corporate and other	61,396		172,171
Total	$	438,416	$	617,257

A summary of total assets by geographic area follows (in thousands):

	December 31,
	2015		2014
Total assets by geographic area:
North America	$	229,175	$	347,419
Europe	84,392		117,622
Middle East	75,390		96,532
Latin America	35,349		36,529
Other	14,110		19,155
Total	$	438,416	$	617,257

Intersegment sales are insignificant for all periods presented. Corporate assets include all assets specifically related to corporate personnel and operations, a majority of cash and cash equivalents. Depreciation and amortization expense is allocated to segments based upon use of the underlying assets.

A summary of net revenues by geographic area follows (in thousands):

	Years Ended December 31,
	2015		2014		2013
Net revenues by geographic area:
North America	$	74,634	$	130,224	$	150,160
Europe	72,577		100,188		198,977
Asia Pacific	19,135		49,881		52,672
Latin America	16,406		111,078		54,008
Middle East	14,571		39,142		63,157
Africa	13,182		75,507		16,474
Commonwealth of Independent States	11,008		3,538		13,719
Total	$	221,513	$	509,558	$	549,167

Net revenues are attributed to geographic areas on the basis of the ultimate destination of the equipment or service, if known, or the geographic area imaging services are provided. If the ultimate destination of such equipment is not known, net revenues are attributed to the geographic area of initial shipment.