XML 23 R11.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Supplemental Consolidated Financial Statement Information
12 Months Ended
Dec. 31, 2019
Supplemental Consolidated Financial Statement Information  
SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION

5.           Supplemental Consolidated Financial Statement Information

Other current liabilities (in thousands) consist of the following at December 31, 2019 and 2018:

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

    

2019

    

2018

 

Accrued self-insurance reserves

 

$

2,771

 

$

2,423

 

Other accrued expenses and current liabilities

 

 

828

 

 

1,220

 

Other current liabilities

 

$

3,599

 

$

3,643

 

Disaggregated Revenues

 The Company has one line of business, acquiring and processing seismic data in North America. Our chief operating decision maker (President, CEO, and Chairman of the Board) makes operating decisions and assesses performance based on the Company as a whole. Accordingly, the Company is considered to be in a single reportable segment. The following table presents the Company’s operating revenues (unaudited and in thousands) disaggregated by geographic region:

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

 

2019

 

 

2018

 

 

2017

Operating Revenues

 

 

 

 

 

 

 

 

 

  United States

 

$

129,452

 

$

137,101

 

$

134,442

  Canada

 

 

16,321

 

 

17,055

 

 

22,090

     Total

 

$

145,773

 

$

154,156

 

$

156,532

Deferred Costs (in thousands)

Deferred costs were $6,994 and $2,991 at January 1, 2019 and 2018, respectively. The Company’s prepaid expenses and other current assets at December 31, 2019 and 2018 included deferred costs incurred to fulfill contracts with customers of $2,525 and $6,994, respectively.

 Deferred costs at December 31, 2019 compared to January 1, 2019 decreased primarily as a result of the completion of several projects for clients with significant deferred fulfillment costs at January 1, 2019. Deferred cost at December 31, 2018 compared to January 1, 2018 increased primarily as a result of new projects for clients with significant deferred fulfillment costs at December 31, 2018.

 The amount of total deferred costs amortized for the years ended December 31, 2019 and 2018 was $38,468 and $36,615, respectively. There were no material impairment losses incurred during these periods.

Deferred Revenue (in thousands)

Deferred revenue was $10,501 and $6,314 at January 1, 2019 and 2018, respectively. The Company’s deferred revenue at December 31, 2019 and 2018 was $3,481 and $10,501, respectively.

Deferred revenue at December 31, 2019 compared to January 1, 2019 decreased primarily as a result of completing multiple large projects for clients throughout the year. Deferred revenue at December 31, 2018 compared to January 1, 2018 increased primarily as a result of new projects for clients with large third party reimbursables where data has not yet been recorded.

Revenue recognized for the year ended December 31, 2019 that was included in the contract liability balance at the beginning of 2019 was $10,501. Revenue recognized for the year ended December 31, 2018 that was included in the contract liability balance at the beginning of 2018 was $5,945. Deferred revenue not recognized during either year relates to projects that have not yet started or were cancelled.