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Segment Information
3 Months Ended
Mar. 31, 2016
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 down 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,
 
2016
 
2015
Net revenues:
 
 
 
Solutions:
 
 
 
New Venture
$
3,306

 
$
5,029

Data Library
4,272

 
2,137

Total multi-client revenues
7,578

 
7,166

Data Processing
5,440

 
11,833

Total
$
13,018

 
$
18,999

Systems:
 
 
 
Towed Streamer
$
2,457

 
$
5,165

Other
2,902

 
7,604

Total
$
5,359

 
$
12,769

Software:
 
 
 
Software Systems
$
4,150

 
$
7,729

Services
138

 
1,081

Total
$
4,288

 
$
8,810

Ocean Bottom Services
$

 
$

Total
$
22,665

 
$
40,578

 
Three Months Ended March 31,
 
2016
 
2015
Gross profit (loss):


 
Solutions
$
(9,773
)
 
$
(10,392
)
Systems
1,363

 
4,559

Software
2,526

 
5,590

Ocean Bottom Services
(3,046
)
 
(15,545
)
Total
$
(8,930
)
 
$
(15,788
)
Gross margin:
 
 
 
Solutions
(75
)%
 
(55
)%
Systems
25
 %
 
36
 %
Software
59
 %
 
63
 %
Ocean Bottom Services
 %
 
 %
Total
(39
)%
 
(39
)%
Income (loss) from operations:
 
 
 
Solutions
$
(15,477
)
 
$
(21,778
)
Systems
(2,509
)
 
1,014

Software
996

 
3,335

Ocean Bottom Services
(4,214
)
 
(17,559
)
Corporate and other
(8,925
)
 
(11,701
)
Loss from operations
(30,129
)
 
(46,689
)
Interest expense, net
(4,734
)
 
(4,625
)
Other income (expense), net
120

 
(3,219
)
Loss before income taxes
$
(34,743
)
 
$
(54,533
)