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Segment Information
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company evaluates and reviews its results based on three business segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Seismic Services. The Company measures segment operating results based on income (loss) from operations.
The following table is a summary of segment information (in thousands):
 
Three Months Ended March 31,
 
 
2017
 
2016
 
Net revenues:
 
 
 
 
E&P Technology & Services:
 
 
 
 
New Venture
$
6,949

 
$
3,306

 
Data Library
10,606

 
4,272

 
Total multi-client revenues
17,555

 
7,578

 
Imaging Services
5,755

 
5,440

 
Total
23,310

 
13,018

 
E&P Operations Optimization:
 
 
 
 
Devices
4,990

 
5,359

 
Optimization Software & Services
4,256

 
4,288

 
Total
9,246

 
9,647

 
Ocean Bottom Seismic Services

 

 
Total
$
32,556

 
$
22,665

 
Gross profit (loss):




E&P Technology & Services
$
4,010

 
$
(9,773
)
 
E&P Operations Optimization
4,787

 
4,719

 
Ocean Bottom Seismic Services
(2,696
)
 
(3,876
)
 
Total
$
6,101

 
$
(8,930
)
 
Gross margin:
 
 
 
 
E&P Technology & Services
17
%
 
(75
)%
 
E&P Operations Optimization
52
%
 
49
 %
 
Ocean Bottom Seismic Services
%
 
 %
 
Total
19
%
 
(39
)%
 
Income (loss) from operations:
 
 
 
 
E&P Technology & Services
$
(1,096
)
 
$
(14,714
)
 
E&P Operations Optimization
1,549

 
1,601

 
Ocean Bottom Seismic Services
(4,008
)
 
(7,631
)
 
Support and other
(10,357
)
 
(9,385
)
 
Loss from operations
(13,912
)
 
(30,129
)
 
Interest expense, net
(4,464
)
 
(4,734
)
 
Other income (expense), net
(5,068
)
 
120

 
Loss before income taxes
$
(23,444
)
 
$
(34,743
)