Cost Reduction Initiatives, Impairments, Restructurings and Other Charges (Tables)

12 Months Ended

Dec. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

During 2015, the Company recognized the following pre-tax charges and credits (in thousands):

	Severance charges(a)			Facility charges(b)			Total
Cost of goods sold	$	3,981		$	—		$	3,981
Operating expenses	1,910			1,323			3,233
Other (income) expense	—			1,618			1,618
Income tax benefit	(119		)	(150		)	(269		)
Net income attributable to noncontrolling interest	(172		)	—			(172		)
Consolidated total	$	5,600		$	2,791		$	8,391

^(a)  Represents severance charges related to 2015 restructurings, a portion of which relates to a noncontrolling interest.

^(b)  Represents facility charges related to 2015 restructurings.

During the twelve months ended December 31, 2016, the Company recognized the following pre-tax charges (in thousands):

	Severance charges(a)		Loss on bond exchange(b)		Total
Cost of goods sold	$	1,077	$	—	$	1,077
Operating expenses	932		—		932
Other expense	—		2,182		2,182
Consolidated total	$	2,009	$	2,182	$	4,191

^(a)  Represents severance charges related to the second quarter 2016 restructurings.

^(b)  Represents a loss on exchange of bonds during the second quarter 2016.

During 2014, the Company recognized the following pre-tax charges and credits (in thousands):

	Multi-client data library, net		Equity method investments(a)		Goodwill and Intangible Assets(b)		Asset write-downs and other			Severance charges		Total
Cost of goods sold	$	100,100	$	—	$	—	$	8,051		$	391	$	108,542
Operating expenses	—		—		23,284		8,214		(c)	1,902		33,400
Equity in earnings (losses) of investments	—		34,199		—		—			—		34,199
Consolidated total	$	100,100	$	34,199	$	23,284	$	16,265		$	2,293	$	176,141

^(a)   Represents the full write-down of the Company’s equity method investment in INOVA Geophysical of $30.7 million, in addition to the Company’s share of charges related to excess and obsolete inventory and customer bad debts of $3.5 million. For a discussion of the Company’s impairment of its equity method investment, see Footnote 15 “Equity Method Investments” of the Footnotes to Consolidated Financial Statements contained elsewhere in this Annual Report on Form 10-K.

^(b)  Includes an impairment of the goodwill on the Company’s Devices reporting unit and an impairment of certain intangible assets. For a discussion of the impairment of the goodwill, see Footnote 10 “Goodwill.” For a discussion of the impairment of the intangible asset, see Footnote 9 “Details of Selected Balance Sheet Accounts.”

^(c)  Includes outstanding receivables from INOVA Geophysical of $5.5 million.