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Segment and Geographic Information | 12 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Segment and Geographic Information | 22. Segment and Geographic Information Effective September 30, 2018, the Company began reporting and evaluating financial information for three operating business segments: Oil and Gas Markets, Adjacent Markets and Emerging Markets. The Oil and Gas Markets segment was previously referred to as our Seismic segment. This segment’s products include wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices and various other seismic products. Our Adjacent Markets segment was previously referred to as our Non-Seismic segment. This segment’s products include imaging equipment, water meter products, offshore cables, as well as seismic sensors used for vibration monitoring and geotechnical applications such as mine safety applications and earthquake detection. The Emerging Markets segment was added in conjunction with the acquisition of Quantum, which designs and markets seismic products targeted at the border and perimeter security markets. The following tables summarize the Company’s segment information:
|  | YEAR ENDED SEPTEMBER 30, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas Markets |  | $ | 44,951 |  |  | $ | 47,109 |  |  | $ | 33,792 |
Adjacent Markets |  |  | 29,932 |  |  |  | 26,027 |  |  |  | 27,708 |
Emerging Markets |  |  | 286 |  |  |  | — |  |  |  | — |
Corporate |  |  | 579 |  |  |  | 585 |  |  |  | 560 |
Total |  |  | 75,748 |  |  |  | 73,721 |  |  |  | 62,060 |
Income (loss) from operations: |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas Markets |  |  | (14,070 | ) |  |  | (46,902 | ) |  |  | (47,690 | )
Adjacent Markets |  |  | 5,345 |  |  |  | 4,153 |  |  |  | 4,093 |
Emerging Markets |  |  | (718 | ) |  |  | — |  |  |  | — |
Corporate |  |  | (11,300 | ) |  |  | (11,574 | ) |  |  | (11,913 | )
Total |  |  | (20,743 | ) |  |  | (54,323 | ) |  |  | (55,510 | )
Depreciation, amortization, impairment, inventory obsolescence and stock-based compensation expenses: |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas Markets |  |  | 19,592 |  |  |  | 47,620 |  |  |  | 34,945 |
Adjacent Markets |  |  | 654 |  |  |  | 785 |  |  |  | 746 |
Emerging Markets |  |  | 207 |  |  |  | — |  |  |  | — |
Corporate |  |  | 1,203 |  |  |  | 1,895 |  |  |  | 1,847 |
Total |  |  | 21,656 |  |  |  | 50,300 |  |  |  | 37,538 |
Interest income: |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas Markets |  |  | 614 |  |  |  | 311 |  |  |  | 161 |
Adjacent Markets |  |  | — |  |  |  | — |  |  |  | 3 |
Emerging Markets |  |  | — |  |  |  | — |  |  |  | — |
Corporate |  |  | 469 |  |  |  | 342 |  |  |  | 212 |
Total |  |  | 1,083 |  |  |  | 653 |  |  |  | 376 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas Markets |  |  | 2 |  |  |  | — |  |  |  | — |
Adjacent Markets |  |  | — |  |  |  | — |  |  |  | — |
Emerging Markets |  |  | 1 |  |  |  | — |  |  |  | — |
Corporate |  |  | 333 |  |  |  | 39 |  |  |  | 26 |
Total |  |  | 336 |  |  |  | 39 |  |  |  | 26 |
The Company’s manufacturing operations for its business segments are combined. Therefore, the Company does not segregate and report separate balance sheet accounts for each of its segments and, therefore, no such segment balance sheet information is presented in the table above. “Corporate” revenue consists of rental revenue earned from an operating lease of a surplus building located in Houston, Texas. “Corporate” loss from operations primarily consists of the Company’s Houston headquarter general and administrative expenses. The Company generates revenue from product sales, rentals and services from its subsidiaries located in the United States, Canada, Colombia, the Russian Federation and the United Kingdom. Revenue information for the Company is as follows (in thousands):
|  | YEAR ENDED SEPTEMBER 30, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
United States |  | $ | 79,019 |  |  | $ | 60,696 |  |  | $ | 56,094 |
Canada |  |  | 8,311 |  |  |  | 12,157 |  |  |  | 3,028 |
Colombia |  |  | 300 |  |  |  | 558 |  |  |  | 556 |
Russian Federation |  |  | 3,539 |  |  |  | 2,566 |  |  |  | 4,254 |
United Kingdom |  |  | 3,095 |  |  |  | 2,892 |  |  |  | 2,120 |
Eliminations |  |  | (18,516 | ) |  |  | (5,148 | ) |  |  | (3,992 | )
|  | $ | 75,748 |  |  | $ | 73,721 |  |  | $ | 62,060 |
A summary of revenue by geographic area is as follows (in thousands):
|  | YEAR ENDED SEPTEMBER 30, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Asia (excluding Middle East) |  | $ | 2,143 |  |  | $ | 7,924 |  |  | $ | 18,745 |
Canada |  |  | 15,945 |  |  |  | 11,318 |  |  |  | 3,048 |
Europe |  |  | 4,743 |  |  |  | 3,883 |  |  |  | 4,219 |
Middle East |  |  | 76 |  |  |  | 609 |  |  |  | 1,749 |
United States |  |  | 50,522 |  |  |  | 47,966 |  |  |  | 32,317 |
Other |  |  | 2,319 |  |  |  | 2,021 |  |  |  | 1,982 |
|  | $ | 75,748 |  |  | $ | 73,721 |  |  | $ | 62,060 |
Revenue is attributed to countries based on the ultimate destination of the product sold, if known. If the ultimate destination is not known, revenue is attributed to countries based on the geographic location of the initial shipment. Long-lived assets, excluding deferred tax assets, were as follows (in thousands):
|  | AS OF SEPTEMBER 30, |
|  | 2018 |  |  | 2017 |
United States |  | $ | 106,079 |  |  | $ | 108,021 |
Canada |  |  | 13,515 |  |  |  | 7,325 |
Colombia |  |  | 1,002 |  |  |  | 1,747 |
Russian Federation |  |  | 1,143 |  |  |  | 1,461 |
United Kingdom |  |  | 428 |  |  |  | 502 |
China |  |  | 13 |  |  |  | 14 |
|  | $ | 122,180 |  |  | $ | 119,070 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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