$GEOS
GEOSPACE TECHNOLOGIES CORP

2013 Q2 Form 10-Q Financial Statement

#000095012313005435 Filed on August 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q3 2012 Q2
Revenue $78.15M $36.95M $55.20M
YoY Change 41.57% 12.65% 18.97%
Cost Of Revenue $44.27M $23.60M $32.24M
YoY Change 37.32% 18.0% 24.97%
Gross Profit $33.88M $13.30M $22.96M
YoY Change 47.54% 3.91% 11.46%
Gross Profit Margin 43.35% 36.0% 41.59%
Selling, General & Admin $5.610M $4.200M $4.838M
YoY Change 15.96% 0.0% 15.19%
% of Gross Profit 16.56% 31.58% 21.07%
Research & Development $3.327M $3.000M $2.800M
YoY Change 18.82% 20.0% 0.0%
% of Gross Profit 9.82% 22.56% 12.2%
Depreciation & Amortization $3.530M $2.240M $2.420M
YoY Change 45.87% 31.76% 45.78%
% of Gross Profit 10.42% 16.84% 10.54%
Operating Expenses $8.884M $7.200M $7.359M
YoY Change 20.72% 7.46% 3.65%
Operating Profit $24.99M $6.100M $15.60M
YoY Change 60.19% 0.0% 15.56%
Interest Expense $62.00K $300.0K $76.00K
YoY Change -18.42% 200.0%
% of Operating Profit 0.25% 4.92% 0.49%
Other Income/Expense, Net -$50.00K $100.0K -$14.00K
YoY Change 257.14% -200.0%
Pretax Income $24.94M $6.500M $15.59M
YoY Change 60.01% 6.56% 15.46%
Income Tax $7.950M $2.300M $4.851M
% Of Pretax Income 31.88% 35.38% 31.12%
Net Earnings $16.99M $4.300M $10.74M
YoY Change 58.26% 19.44% 16.7%
Net Earnings / Revenue 21.74% 11.64% 19.45%
Basic Earnings Per Share $1.32 $0.84
Diluted Earnings Per Share $1.31 $333.3K $0.83
COMMON SHARES
Basic Shares Outstanding 12.91M 12.75M
Diluted Shares Outstanding 12.98M 12.88M

Balance Sheet

Concept 2013 Q2 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00M $70.70M $67.60M
YoY Change -85.21% 94.77% 64.08%
Cash & Equivalents $9.957M $50.75M $48.71M
Short-Term Investments $0.00 $20.00M $18.90M
Other Short-Term Assets $39.10M $5.898M $8.900M
YoY Change 339.33% -51.26% 5.95%
Inventory $137.5M $83.89M $70.60M
Prepaid Expenses
Receivables $33.20M $16.23M $24.30M
Other Receivables $7.000M $3.800M $1.600M
Total Short-Term Assets $226.8M $187.2M $173.0M
YoY Change 31.1% 31.3% 19.48%
LONG-TERM ASSETS
Property, Plant & Equipment $79.30M $34.43M $59.10M
YoY Change 34.18% -26.11% 29.04%
Goodwill $1.843M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $110.0K $192.0K $3.800M
YoY Change -97.11% -88.71% 111.11%
Total Long-Term Assets $88.48M $71.79M $67.10M
YoY Change 31.87% 32.46% 24.26%
TOTAL ASSETS
Total Short-Term Assets $226.8M $187.2M $173.0M
Total Long-Term Assets $88.48M $71.79M $67.10M
Total Assets $315.3M $259.0M $240.1M
YoY Change 31.31% 31.62% 20.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.56M $17.19M $5.600M
YoY Change 267.16% 243.74% -49.09%
Accrued Expenses $14.37M $13.98M $15.20M
YoY Change -5.48% 22.61% 21.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $38.10M $41.19M $29.10M
YoY Change 30.93% 132.72% 0.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $38.10M $41.19M $29.10M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $40.70M $44.04M $31.30M
YoY Change 30.03% 122.4% 1.29%
SHAREHOLDERS EQUITY
Retained Earnings $154.5M
YoY Change
Common Stock $128.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $274.6M $215.0M $208.8M
YoY Change
Total Liabilities & Shareholders Equity $315.3M $259.0M $240.1M
YoY Change 31.32% 31.62% 20.77%

Cashflow Statement

Concept 2013 Q2 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $16.99M $4.300M $10.74M
YoY Change 58.26% 19.44% 16.7%
Depreciation, Depletion And Amortization $3.530M $2.240M $2.420M
YoY Change 45.87% 31.76% 45.78%
Cash From Operating Activities -$8.840M $3.200M $16.80M
YoY Change -152.62% -129.96% 162.91%
INVESTING ACTIVITIES
Capital Expenditures -$10.69M -$8.090M -$3.780M
YoY Change 182.8% 141.49% -28.81%
Acquisitions
YoY Change
Other Investing Activities $17.19M $5.590M -$8.560M
YoY Change -300.82% 2229.17% -161.67%
Cash From Investing Activities $6.500M -$2.500M -$12.33M
YoY Change -152.72% -19.61% -243.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 1.360M 100.0K
YoY Change -100.0% -77.07% -83.33%
NET CHANGE
Cash From Operating Activities -8.840M 3.200M 16.80M
Cash From Investing Activities 6.500M -2.500M -12.33M
Cash From Financing Activities 0.000 1.360M 100.0K
Net Change In Cash -2.340M 2.060M 4.570M
YoY Change -151.2% -126.21% -70.63%
FREE CASH FLOW
Cash From Operating Activities -$8.840M $3.200M $16.80M
Capital Expenditures -$10.69M -$8.090M -$3.780M
Free Cash Flow $1.850M $11.29M $20.58M
YoY Change -91.01% -254.02% 75.9%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
1275000
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
41192000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14484000
CY2012Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2800000
CY2012Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13978000
CY2013Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-53000
us-gaap Sales Revenue Net
SalesRevenueNet
232319000
CY2012Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-279000
CY2012Q2 us-gaap Cost Of Revenue
CostOfRevenue
32241000
us-gaap Cost Of Revenue
CostOfRevenue
122338000
CY2013Q2 us-gaap Gross Profit
GrossProfit
33875000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16872000
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3327000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10460000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
554000
us-gaap Gross Profit
GrossProfit
68678000
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4838000
CY2013Q2 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
28387000
CY2013Q2 us-gaap Prepaid Taxes
PrepaidTaxes
6695000
CY2012Q3 us-gaap Prepaid Taxes
PrepaidTaxes
5479000
CY2012Q3 us-gaap Assets
Assets
259022000
CY2012Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1687000
CY2013Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
389000
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
192000
CY2013Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
20561000
CY2013Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
734000
CY2012Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
17187000
CY2012Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
8641000
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
110000
CY2013Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14367000
CY2013Q2 us-gaap Assets
Assets
315284000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
30088000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12852370
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12943105
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-520000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-769000
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-689000
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-981000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25814000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4851000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
16991000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
55323000
us-gaap Investment Income Interest
InvestmentIncomeInterest
695000
CY2013Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-235000
us-gaap Interest Expense
InterestExpense
119000
CY2012Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
118000
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
78148000
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
55201000
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
7359000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
24991000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
15601000
us-gaap Operating Income Loss
OperatingIncomeLoss
82095000
CY2013Q2 us-gaap Interest Expense
InterestExpense
62000
CY2012Q2 us-gaap Interest Expense
InterestExpense
76000
us-gaap Interest Expense
InterestExpense
192000
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
236000
CY2012Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-9000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-903000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11000
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-47000
CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24941000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15587000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7950000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
10736000
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.32
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12911316
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12748166
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12982322
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12726252
CY2012Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
111000
us-gaap Sales Revenue Net
SalesRevenueNet
154715000
CY2013Q2 us-gaap Cost Of Revenue
CostOfRevenue
44273000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9198000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
325000
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
8884000
us-gaap Operating Income Loss
OperatingIncomeLoss
44671000
us-gaap Operating Expenses
OperatingExpenses
27886000
us-gaap Operating Expenses
OperatingExpenses
24007000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
6000
us-gaap Investment Income Interest
InvestmentIncomeInterest
561000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
284000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-55000
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-50000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-408000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
671000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
81687000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
45342000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14491000
us-gaap Net Income Loss
NetIncomeLoss
55873000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-763000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16302000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9755000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-83000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
69000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9390000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7351000
geos Accretion Of Discounts On Short Term Investments
AccretionOfDiscountsOnShortTermInvestments
162000
us-gaap Net Income Loss
NetIncomeLoss
30851000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.40
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12873677
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12882448
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-13000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-9000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-30000
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-676000
CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-972000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-550000
geos Accretion Of Discounts On Short Term Investments
AccretionOfDiscountsOnShortTermInvestments
119000
us-gaap Share Based Compensation
ShareBasedCompensation
434000
us-gaap Share Based Compensation
ShareBasedCompensation
555000
geos Inventory Write Down And Recoveries
InventoryWriteDownAndRecoveries
-77000
geos Inventory Write Down And Recoveries
InventoryWriteDownAndRecoveries
1395000
geos Gain Loss From Sale Of Used Rental Equipment
GainLossFromSaleOfUsedRentalEquipment
12180000
geos Gain Loss From Sale Of Used Rental Equipment
GainLossFromSaleOfUsedRentalEquipment
8174000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-14000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-3000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
19000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-1000
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
19389000
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
2873000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
58404000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1261000
geos Increase Decrease In Costs And Estimated Earnings In Excess Of Billings
IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillings
28387000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2004000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3540000
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
1216000
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
2165000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
3384000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
567000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3270000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2572000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-7914000
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
134282
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
69428
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
126118
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4683000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1182000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
2461000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-51402000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
40019000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17034000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3049000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
14000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
19579000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
24593000
geos Proceeds From Sale Of Used Rental Equipment
ProceedsFromSaleOfUsedRentalEquipment
23798000
geos Proceeds From Sale Of Used Rental Equipment
ProceedsFromSaleOfUsedRentalEquipment
17560000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1587000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
15336000
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
21139000
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1580000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
6737000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23824000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2948000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-40795000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
17318000
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31388000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48706000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
493000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
917000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
636000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3865000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1129000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
5000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6000
CY2011Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
25000000
CY2011Q1 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2015-03-02
CY2011Q1 us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2011-03-02
CY2013Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
25000000
CY2013Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2012Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.319
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin:18pt 0pt 0pt; page-break-after:avoid"><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt; font-style:italic">Reclassifications </font></p> <p style="margin:6pt 0pt 0pt; text-indent:24.5pt"><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt">Certain amounts previously presented in the consolidated financial statements have been reclassified to conform to the current year presentation. Effective October</font><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt">&#160;</font><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt">1, 2012, the Company reports and categorizes its sales and products into </font><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt; ">two</font><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt"> segments: Seismic and Non-Seismic. Prior year amounts have been reclassified to conform to the new presentation of the Company&#8217;s business segments. Such reclassifications had no effect on net income, stockholders&#8217; equity or cash flows.</font><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt"> </font></p> </div>
CY2012Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.316
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.320
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin:18pt 0pt 0pt; page-break-after:avoid"><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt; font-style:italic">Use of Estimates </font></p> <p style="margin:6pt 0pt 0pt; text-indent:24.5pt"><font style="font-family:&apos;Times New Roman&apos;; font-size:10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company considers many factors in selecting appropriate operational and financial accounting policies and controls, and in developing the estimates and assumptions that are used in the preparation of these financial statements. The Company continually evaluates its estimates, including those related to bad debt reserves, inventory obsolescence reserves, percentage-of-completion revenue recognition, self-insurance reserves, product warranty reserves, long-lived assets, intangible assets and deferred income tax assets. The Company bases its estimates on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different conditions or assumptions. </font></p> </div>
CY2012Q3 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
3806000
CY2012Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2308000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
288000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
583000
CY2013Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2013000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2013Q2 geos Sales Under Bill And Hold Arrangements
SalesUnderBillAndHoldArrangements
0
CY2012Q2 geos Sales Under Bill And Hold Arrangements
SalesUnderBillAndHoldArrangements
0
CY2012Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
19914000
CY2012Q3 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
46000
CY2012Q3 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
CY2012Q3 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
19960000
CY2013Q2 us-gaap Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
657000
CY2012Q2 us-gaap Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
285000
us-gaap Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
812000
us-gaap Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
137000
CY2013Q2 geos Foreign Currency Transaction Gain Loss Unrealized Accrued
ForeignCurrencyTransactionGainLossUnrealizedAccrued
600000
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
30000
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-775000
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-255000
CY2013Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
23653000
CY2012Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
32845000
CY2013Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
34788000
CY2013Q2 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
389000
CY2012Q3 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
1687000
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
71006
CY2012Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio
StockholdersEquityNoteStockSplitConversionRatio
2
CY2013Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
7159000
CY2012Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
9324000
geos Inventories Transferred To Rental Equipment
InventoriesTransferredToRentalEquipment
4700000
geos Inventories Transferred To Rental Equipment
InventoriesTransferredToRentalEquipment
900000
CY2013Q2 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
CY2012Q3 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
CY2013Q2 geos Proceeds From Notes Receivable Net
ProceedsFromNotesReceivableNet
7443000
CY2012Q3 geos Proceeds From Notes Receivable Net
ProceedsFromNotesReceivableNet
5493000
CY2013Q2 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
7054000
CY2012Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
19585000
CY2013Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
86221000
CY2012Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
40788000

Files In Submission

Name View Source Status
0000950123-13-005435-index-headers.html Edgar Link pending
0000950123-13-005435-index.html Edgar Link pending
0000950123-13-005435.txt Edgar Link pending
0000950123-13-005435-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
geos-10q_20130630.htm Edgar Link pending
geos-20130630.xml Edgar Link completed
geos-20130630.xsd Edgar Link pending
geos-20130630_cal.xml Edgar Link unprocessable
geos-20130630_def.xml Edgar Link unprocessable
geos-20130630_lab.xml Edgar Link unprocessable
geos-20130630_pre.xml Edgar Link unprocessable
geos-ex31_2013062997.htm Edgar Link pending
geos-ex31_2013062998.htm Edgar Link pending
geos-ex32_20130629100.htm Edgar Link pending
geos-ex32_2013062999.htm Edgar Link pending
R1.htm Edgar Link pending
R1.xml Edgar Link unprocessable
R10.htm Edgar Link pending
R10.xml Edgar Link unprocessable
R11.htm Edgar Link pending
R11.xml Edgar Link unprocessable
R12.htm Edgar Link pending
R12.xml Edgar Link unprocessable
R13.htm Edgar Link pending
R13.xml Edgar Link unprocessable
R14.htm Edgar Link pending
R14.xml Edgar Link unprocessable
R15.htm Edgar Link pending
R15.xml Edgar Link unprocessable
R16.htm Edgar Link pending
R16.xml Edgar Link unprocessable
R17.htm Edgar Link pending
R17.xml Edgar Link unprocessable
R18.htm Edgar Link pending
R18.xml Edgar Link unprocessable
R19.htm Edgar Link pending
R19.xml Edgar Link unprocessable
R2.htm Edgar Link pending
R2.xml Edgar Link unprocessable
R20.htm Edgar Link pending
R20.xml Edgar Link unprocessable
R21.htm Edgar Link pending
R21.xml Edgar Link unprocessable
R22.htm Edgar Link pending
R22.xml Edgar Link unprocessable
R23.htm Edgar Link pending
R23.xml Edgar Link unprocessable
R24.htm Edgar Link pending
R24.xml Edgar Link unprocessable
R25.htm Edgar Link pending
R25.xml Edgar Link unprocessable
R26.htm Edgar Link pending
R26.xml Edgar Link unprocessable
R27.htm Edgar Link pending
R27.xml Edgar Link unprocessable
R28.htm Edgar Link pending
R28.xml Edgar Link unprocessable
R29.htm Edgar Link pending
R29.xml Edgar Link unprocessable
R3.htm Edgar Link pending
R3.xml Edgar Link unprocessable
R30.htm Edgar Link pending
R30.xml Edgar Link unprocessable
R31.htm Edgar Link pending
R31.xml Edgar Link unprocessable
R32.htm Edgar Link pending
R32.xml Edgar Link unprocessable
R33.htm Edgar Link pending
R33.xml Edgar Link unprocessable
R34.htm Edgar Link pending
R34.xml Edgar Link unprocessable
R35.htm Edgar Link pending
R35.xml Edgar Link unprocessable
R36.htm Edgar Link pending
R36.xml Edgar Link unprocessable
R37.htm Edgar Link pending
R37.xml Edgar Link unprocessable
R38.htm Edgar Link pending
R38.xml Edgar Link unprocessable
R39.htm Edgar Link pending
R39.xml Edgar Link unprocessable
R4.htm Edgar Link pending
R4.xml Edgar Link unprocessable
R40.htm Edgar Link pending
R40.xml Edgar Link unprocessable
R41.htm Edgar Link pending
R41.xml Edgar Link unprocessable
R42.htm Edgar Link pending
R42.xml Edgar Link unprocessable
R43.htm Edgar Link pending
R43.xml Edgar Link unprocessable
R5.htm Edgar Link pending
R5.xml Edgar Link unprocessable
R6.htm Edgar Link pending
R6.xml Edgar Link unprocessable
R7.htm Edgar Link pending
R7.xml Edgar Link unprocessable
R8.htm Edgar Link pending
R8.xml Edgar Link unprocessable
R9.htm Edgar Link pending
R9.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending