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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2017
Jan. 31, 2017
Current assets:    
Cash and cash equivalents $ 6,541 $ 2,902
Restricted cash 229 609
Accounts and contracts receivable, net of allowance for doubtful accounts of $2,965 and $3,716 at October 31, 2017 and January 31, 2017, respectively 12,165 15,830
Inventories, net 11,940 11,960
Prepaid income taxes 0 1,565
Prepaid expenses and other current assets 2,135 2,193
Total current assets 33,010 35,059
Seismic equipment lease pool and property and equipment, net 26,372 43,838
Intangible assets, net 8,151 9,012
Goodwill 3,997 3,997
Non-current prepaid income taxes 1,167 0
Long-term receivables, net of allowance for doubtful accounts of $2,188 at October 31, 2017 and January 31, 2017 4,071 2,780
Other assets 29 28
Total assets 76,797 94,714
Current liabilities:    
Accounts payable 2,118 1,929
Current maturities – long-term debt 0 6,371
Deferred revenue 236 651
Income taxes payable 329 0
Accrued expenses and other current liabilities 3,669 4,514
Total current liabilities 6,352 13,465
Deferred tax liability 296 317
Total liabilities 6,648 13,782
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 425 and 343 shares issued and outstanding at October 31, 2017 and January 31, 2017, respectively 9,144 7,294
Common stock, $0.01 par value; 20,000 shares authorized; 14,019 shares issued at October 31, 2017 and January 31, 2017 140 140
Additional paid-in capital 122,087 121,401
Treasury stock, at cost (1,929 shares at October 31, 2017 and January 31, 2017) (16,858) (16,858)
Accumulated deficit (34,391) (20,451)
Accumulated other comprehensive loss (9,973) (10,594)
Total shareholders’ equity 70,149 80,932
Total liabilities and shareholders’ equity $ 76,797 $ 94,714