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Investment in Affiliates (Tables)
6 Months Ended
Jul. 31, 2016
Equity Method Investments And Joint Ventures [Abstract]  
Summary of Affiliates and Percentages Owned

A summary of material, jointly-owned affiliates, as well as their primary operating subsidiaries, if applicable, and the percentages directly and indirectly owned by us are as follows as of July 31, 2016:

 

 

 

Percentage

Owned

Directly

 

 

Percentage

Owned

Indirectly

 

Boyles Bros Servicios Tecnicos Geologicos S. A. (Panama)

 

 

50.00

%

 

 

 

 

Boytec, S.A. (Panama)

 

 

 

 

 

 

50.00

%

Boytec Sondajes de Mexico, S.A. de C.V. (Mexico)

 

 

 

 

 

 

50.00

 

Sondajes Colombia, S.A. (Columbia)

 

 

 

 

 

 

50.00

 

Mining Drilling Fluids (Panama)

 

 

 

 

 

 

25.00

 

Plantel Industrial S.A. (Chile)

 

 

 

 

 

 

50.00

 

Christensen Chile, S.A. (Chile)

 

 

50.00

 

 

 

 

 

Christensen Commercial, S.A. (Chile)

 

 

50.00

 

 

 

 

 

Geotec Boyles Bros., S.A. (Chile)

 

 

50.00

 

 

 

 

 

Centro Internacional de Formacion S.A. (Chile)

 

 

 

 

 

 

50.00

 

Geoestrella S.A. (Chile)

 

 

 

 

 

 

25.00

 

Diamantina Christensen Trading (Panama)

 

 

42.69

 

 

 

 

 

Christensen Commercial, S.A. (Peru)

 

 

35.38

 

 

 

 

 

Geotec, S.A. (Peru)

 

 

35.38

 

 

 

 

 

Boyles Bros., Diamantina, S.A. (Peru)

 

 

29.49

 

 

 

 

 

 

Summary of Financial Information of Affiliates

Financial information of the affiliates is reported with a one-month lag in the reporting period. The impacts of the lag on our investment and results of operations are not significant. Summarized financial information of the affiliates was as follows:

 

 

 

Three Months

 

 

Six Months

 

 

 

Ended July 31,

 

 

Ended July 31,

 

(in thousands)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Income statement data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

30,018

 

 

$

33,813

 

 

$

59,907

 

 

$

70,136

 

Gross profit

 

 

5,596

 

 

 

4,349

 

 

 

11,533

 

 

 

9,663

 

Operating income

 

 

1,900

 

 

 

690

 

 

 

4,278

 

 

 

1,869

 

Net income (loss)

 

 

1,004

 

 

 

(2,854

)

 

 

3,527

 

 

 

(3,090

)