XML 37 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Revenues:        
Equipment leasing $ 4,517 $ 8,226 $ 15,703 $ 24,387
Lease pool equipment sales 172 1,285 399 2,386
Seamap equipment sales 2,233 7,709 7,299 13,769
Other equipment sales 632 2,325 1,295 4,735
Total revenues 7,554 19,545 24,696 45,277
Cost of sales:        
Direct costs - equipment leasing 1,052 1,131 2,419 2,357
Direct costs - lease pool depreciation 7,580 8,866 15,218 17,561
Cost of lease pool equipment sales 85 429 182 823
Cost of Seamap and other equipment sales 1,446 5,882 4,910 10,056
Total cost of sales 10,163 16,308 22,729 30,797
Gross (loss) profit (2,609) 3,237 1,967 14,480
Operating expenses:        
General and administrative 4,964 6,673 9,860 12,792
Provision for doubtful accounts 600   600  
Depreciation and amortization 631 560 1,268 912
Total operating expenses 6,195 7,233 11,728 13,704
Operating (loss) income (8,804) (3,996) (9,761) 776
Other income (expense):        
Interest, net (166) (85) (387) (200)
Other, net 325 58 1,111 247
Total other income (expense) 159 (27) 724 47
(Loss) income before income taxes (8,645) (4,023) (9,037) 823
Benefit (provision) for income taxes 2,797 676 2,952 (433)
Net (loss) income $ (5,848) $ (3,347) $ (6,085) $ 390
Net (loss) income per common share:        
Basic $ (0.49) $ (0.26) $ (0.51) $ 0.03
Diluted $ (0.49) $ (0.26) $ (0.51) $ 0.03
Shares used in computing net income per common share:        
Basic 12,037 12,671 12,028 12,710
Diluted 12,037 12,671 12,028 13,044