XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

OPERATING SEGMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
OPERATING SEGMENTS |
Schedule of income statements by operating segment | The following tables present the Company’s income statements by operating segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended March 31, 2024
​ | USA Operations | ​ | Canada Operations | ​ | Consolidated
Operating revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fee revenue | $ | 18,287 | ​ | $ | 8,451 | ​ | $ | 26,738
Reimbursable revenue | ​ | 4,809 | ​ | ​ | 37 | ​ | ​ | 4,846
​ | ​ | 23,096 | ​ | ​ | 8,488 | ​ | ​ | 31,584
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fee operating expenses | ​ | 13,179 | ​ | ​ | 4,317 | ​ | ​ | 17,496
Reimbursable operating expenses | ​ | 4,809 | ​ | ​ | 37 | ​ | ​ | 4,846
Operating expenses | ​ | 17,988 | ​ | ​ | 4,354 | ​ | ​ | 22,342
General and administrative | ​ | 1,742 | ​ | ​ | 169 | ​ | ​ | 1,911
Depreciation and amortization | ​ | 1,305 | ​ | ​ | 284 | ​ | ​ | 1,589
​ | ​ | 21,035 | ​ | ​ | 4,807 | ​ | ​ | 25,842
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income from operations | ​ | 2,061 | ​ | ​ | 3,681 | ​ | ​ | 5,742
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other income (expense): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income | ​ | 99 | ​ | ​ | 14 | ​ | ​ | 113
Interest expense | ​ | (36) | ​ | ​ | (10) | ​ | ​ | (46)
Other income (expense) | ​ | 245 | ​ | ​ | (6) | ​ | ​ | 239
Income before income tax | ​ | 2,369 | ​ | ​ | 3,679 | ​ | ​ | 6,048
Income tax expense | ​ | (202) | ​ | ​ | — | ​ | ​ | (202)
Net income | ​ | 2,167 | ​ | ​ | 3,679 | ​ | ​ | 5,846
Other comprehensive loss: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on foreign exchange rate translation | ​ | — | ​ | ​ | (160) | ​ | ​ | (160)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Comprehensive income | $ | 2,167 | ​ | $ | 3,519 | ​ | $ | 5,686
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended March 31, 2023
​ | USA Operations | ​ | Canada Operations | ​ | Consolidated
Operating revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fee revenue | $ | 12,263 | ​ | $ | 10,010 | ​ | $ | 22,273
Reimbursable revenue | ​ | 6,533 | ​ | ​ | 602 | ​ | ​ | 7,135
​ | ​ | 18,796 | ​ | ​ | 10,612 | ​ | ​ | 29,408
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fee operating expenses | ​ | 9,644 | ​ | ​ | 7,003 | ​ | ​ | 16,647
Reimbursable operating expenses | ​ | 6,533 | ​ | ​ | 602 | ​ | ​ | 7,135
Operating expenses | ​ | 16,177 | ​ | ​ | 7,605 | ​ | ​ | 23,782
General and administrative | ​ | 3,102 | ​ | ​ | 397 | ​ | ​ | 3,499
Depreciation and amortization | ​ | 2,118 | ​ | ​ | 582 | ​ | ​ | 2,700
​ | ​ | 21,397 | ​ | ​ | 8,584 | ​ | ​ | 29,981
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Loss) income from operations | ​ | (2,601) | ​ | ​ | 2,028 | ​ | ​ | (573)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other income (expense): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income | ​ | 87 | ​ | ​ | 21 | ​ | ​ | 108
Interest expense | ​ | (12) | ​ | ​ | (5) | ​ | ​ | (17)
Other income, net | ​ | 49 | ​ | ​ | 3 | ​ | ​ | 52
(Loss) income before income tax | ​ | (2,477) | ​ | ​ | 2,047 | ​ | ​ | (430)
Income tax benefit | ​ | 17 | ​ | ​ | — | ​ | ​ | 17
Net (loss) income | ​ | (2,460) | ​ | ​ | 2,047 | ​ | ​ | (413)
Other comprehensive loss: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on foreign exchange rate translation | ​ | — | ​ | ​ | (6) | ​ | ​ | (6)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Comprehensive (loss) income | $ | (2,460) | ​ | $ | 2,041 | ​ | $ | (419)
Schedule of total assets disaggregated by operating segment | The following table presents the Company’s total assets (unaudited and in thousands) disaggregated by operating segment:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2024 | ​ | 2023
Total Assets | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 42,518 | ​ | $ | 48,495
Canada | ​ | ​ | 15,262 | ​ | ​ | 9,024
Total Assets | ​ | $ | 57,780 | ​ | $ | 57,519
Schedule of reconciliation of EBITDA to net income (loss) and to net cash provided by (used in) operating activities | The reconciliation of the Company’s EBITDA to net income (loss) and to net cash provided by (used in) operating activities, which are the most directly comparable GAAP financial measures, are provided in the following tables (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended March 31,
​ | 2024 US | ​ | 2024 CA | ​ | 2024 Consol. | ​ | 2023 US | ​ | 2023 CA | ​ | 2023 Consol.
Net income (loss) | $ | 2,167 | ​ | $ | 3,679 | ​ | $ | 5,846 | ​ | $ | (2,460) | ​ | $ | 2,047 | ​ | $ | (413)
Depreciation and amortization | ​ | 1,305 | ​ | ​ | 284 | ​ | ​ | 1,589 | ​ | ​ | 2,118 | ​ | ​ | 582 | ​ | ​ | 2,700
Severance expense | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Interest (income) expense, net | ​ | (63) | ​ | ​ | (4) | ​ | ​ | (67) | ​ | ​ | (75) | ​ | ​ | (16) | ​ | ​ | (91)
Income tax expense (benefit) | ​ | 202 | ​ | ​ | — | ​ | ​ | 202 | ​ | ​ | (17) | ​ | ​ | — | ​ | ​ | (17)
EBITDA | $ | 3,611 | ​ | $ | 3,959 | ​ | $ | 7,570 | ​ | $ | (434) | ​ | $ | 2,613 | ​ | $ | 2,179
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended March 31,
​ | 2024 US | ​ | 2024 CA | ​ | 2024 Consol. | ​ | 2023 US | ​ | 2023 CA | ​ | 2023 Consol.
Net cash provided by (used in) operating activities | $ | 1,996 | ​ | $ | (126) | ​ | $ | 1,870 | ​ | $ | 2,578 | ​ | $ | (4,398) | ​ | $ | (1,820)
Changes in working capital and other items | ​ | 1,835 | ​ | ​ | 4,136 | ​ | ​ | 5,971 | ​ | ​ | (2,794) | ​ | ​ | 7,047 | ​ | ​ | 4,253
Non-cash adjustments to net income (loss) | ​ | (220) | ​ | ​ | (51) | ​ | ​ | (271) | ​ | ​ | (218) | ​ | ​ | (36) | ​ | ​ | (254)
EBITDA | $ | 3,611 | ​ | $ | 3,959 | ​ | $ | 7,570 | ​ | $ | (434) | ​ | $ | 2,613 | ​ | $ | 2,179
​

X
- Definition Tabular disclosure of reconciliation of the Company's EBITDA to net income (loss) and to net cash provided by (used in) operating activities. + References No definition available. + Details
Name: | dwsn_ScheduleOfReconciliationOfEbitdaToNetIncomeLossAndToNetCashProvidedByUsedInOperatingActivitiesTableTextBlock
Namespace Prefix: | dwsn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentsGeographicalAreasAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration