$MIND
MIND TECHNOLOGY, INC

2013 Q4 Form 10-Q Financial Statement

#000119312513469846 Filed on December 11, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $20.28M $18.57M
YoY Change 9.16% -33.71%
Cost Of Revenue $15.32M $14.22M
YoY Change 7.76% 3.94%
Gross Profit $4.953M $4.353M
YoY Change 13.78% -69.67%
Gross Profit Margin 24.43% 23.44%
Selling, General & Admin $7.130M $5.850M
YoY Change 21.88% 3.72%
% of Gross Profit 143.95% 134.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $371.0K $362.0K
YoY Change 2.49% -95.21%
% of Gross Profit 7.49% 8.32%
Operating Expenses $7.505M $6.216M
YoY Change 20.74% 4.65%
Operating Profit -$2.552M -$1.862M
YoY Change 37.06% -122.14%
Interest Expense -$40.00K $80.00K
YoY Change -150.0% -366.67%
% of Operating Profit
Other Income/Expense, Net -$554.0K -$316.0K
YoY Change 75.32% -146.47%
Pretax Income -$3.106M -$2.178M
YoY Change 42.61% -124.04%
Income Tax -$478.0K -$956.0K
% Of Pretax Income
Net Earnings -$2.628M -$1.222M
YoY Change 115.06% -118.08%
Net Earnings / Revenue -12.96% -6.58%
Basic Earnings Per Share -$0.21 -$0.10
Diluted Earnings Per Share -$0.21 -$0.10
COMMON SHARES
Basic Shares Outstanding 12.77M shares 12.77M shares
Diluted Shares Outstanding 12.77M shares 12.77M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.20M $24.00M
YoY Change 0.83% 50.94%
Cash & Equivalents $24.21M $23.99M
Short-Term Investments
Other Short-Term Assets $8.900M $11.30M
YoY Change -21.24% 130.61%
Inventory $8.490M $7.500M
Prepaid Expenses
Receivables $25.01M $18.60M
Other Receivables $1.100M $2.700M
Total Short-Term Assets $67.73M $64.00M
YoY Change 5.83% 13.07%
LONG-TERM ASSETS
Property, Plant & Equipment $106.6M $117.4M
YoY Change -9.17% 1.91%
Goodwill $4.320M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.00K $3.800M
YoY Change -99.11% 8.57%
Total Long-Term Assets $120.8M $129.7M
YoY Change -6.83% 1.33%
TOTAL ASSETS
Total Short-Term Assets $67.73M $64.00M
Total Long-Term Assets $120.8M $129.7M
Total Assets $188.6M $193.7M
YoY Change -2.65% 4.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.469M $4.000M
YoY Change 111.73% -80.95%
Accrued Expenses $2.505M $2.700M
YoY Change -7.22% -52.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $110.0K $100.0K
YoY Change 10.0% -95.0%
Total Short-Term Liabilities $11.58M $7.800M
YoY Change 48.47% -76.15%
LONG-TERM LIABILITIES
Long-Term Debt $3.140M $13.50M
YoY Change -76.74% 221.43%
Other Long-Term Liabilities $400.0K $400.0K
YoY Change 0.0% -91.3%
Total Long-Term Liabilities $3.140M $13.90M
YoY Change -77.41% 57.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.58M $7.800M
Total Long-Term Liabilities $3.140M $13.90M
Total Liabilities $15.10M $21.70M
YoY Change -30.43% -47.84%
SHAREHOLDERS EQUITY
Retained Earnings $59.33M
YoY Change
Common Stock $139.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.075M
YoY Change
Treasury Stock Shares 1.075M shares
Shareholders Equity $173.5M $172.0M
YoY Change
Total Liabilities & Shareholders Equity $188.6M $193.7M
YoY Change -2.65% 4.93%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income -$2.628M -$1.222M
YoY Change 115.06% -118.08%
Depreciation, Depletion And Amortization $371.0K $362.0K
YoY Change 2.49% -95.21%
Cash From Operating Activities $2.730M $6.850M
YoY Change -60.15% -21.44%
INVESTING ACTIVITIES
Capital Expenditures -$5.530M -$8.530M
YoY Change -35.17% -24.71%
Acquisitions
YoY Change
Other Investing Activities $3.170M $1.870M
YoY Change 69.52% -23.67%
Cash From Investing Activities -$2.350M -$6.650M
YoY Change -64.66% -25.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.340M 1.270M
YoY Change 84.25% -51.89%
NET CHANGE
Cash From Operating Activities 2.730M 6.850M
Cash From Investing Activities -2.350M -6.650M
Cash From Financing Activities 2.340M 1.270M
Net Change In Cash 2.720M 1.470M
YoY Change 85.03% -40.73%
FREE CASH FLOW
Cash From Operating Activities $2.730M $6.850M
Capital Expenditures -$5.530M -$8.530M
Free Cash Flow $8.260M $15.38M
YoY Change -46.29% -23.29%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12797576 shares
CY2013Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1000000 shares
CY2012Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
141000
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3300000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23990000
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13872000 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q4 us-gaap Contract Receivable Due After One Year Weighted Average Interest Rate
ContractReceivableDueAfterOneYearWeightedAverageInterestRate
0.087 pure
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1075000 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2505000
CY2013Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3250000
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3140000
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
141641000
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
117599000
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
8469000
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
11581000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
173475000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
3478000
CY2013Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
376000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4016000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
59334000
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
497000
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3274000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
139000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
188572000
CY2013Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1168000
CY2013Q4 us-gaap Liabilities
Liabilities
15097000
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
110000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
664000
CY2013Q4 us-gaap Assets Current
AssetsCurrent
67731000
CY2013Q4 us-gaap Goodwill
Goodwill
4320000
CY2013Q4 us-gaap Contract Receivable Due After One Year
ContractReceivableDueAfterOneYear
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34000
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
710000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
163000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
655000
CY2013Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1056000
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
6409000
CY2013Q4 us-gaap Assets
Assets
188572000
CY2013Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
269000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24209000
CY2013Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4354000
CY2013Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
29028000
CY2013Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1975000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25012000
CY2013Q4 us-gaap Inventory Net
InventoryNet
8490000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
655000
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
248272000
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3447000
CY2013Q4 us-gaap Inventory Gross
InventoryGross
9658000
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6721000
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4232000
CY2013Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
858000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
655000
CY2013Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
1127000
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
655000
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1976000
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
7075000
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4248000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
106631000
CY2013Q4 mind Prepaid Domestic Federal And State Taxes
PrepaidDomesticFederalAndStateTaxes
1600000
CY2013Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2013Q1 us-gaap Goodwill
Goodwill
4320000
CY2013Q4 mind Prepaid Foreign Taxes
PrepaidForeignTaxes
400000
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15287000
CY2013Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13763000 shares
CY2013Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2013Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2013Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
926000 shares
CY2013Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1875000
CY2013Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4383000
CY2013Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4238000
CY2013Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
131800000
CY2013Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
116506000
CY2013Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
6921000
CY2013Q1 us-gaap Liabilities Current
LiabilitiesCurrent
9480000
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
8181000
CY2013Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
376000
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
176313000
CY2013Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3374000
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
56348000
CY2013Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
539000
CY2013Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2837000
CY2013Q1 us-gaap Common Stock Value
CommonStockValue
138000
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
190407000
CY2013Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1073000
CY2013Q1 us-gaap Liabilities
Liabilities
14094000
CY2013Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
145000
CY2013Q1 us-gaap Assets Current
AssetsCurrent
57878000
CY2013Q1 us-gaap Contract Receivable Due After One Year
ContractReceivableDueAfterOneYear
279000
CY2013Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
316000
CY2013Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
801000
CY2013Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
627000
CY2013Q1 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
4296000
CY2013Q1 us-gaap Assets
Assets
190407000
CY2013Q1 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
1471000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15150000
CY2013Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
3103000
CY2013Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
26505000
CY2013Q1 us-gaap Prepaid Taxes
PrepaidTaxes
5591000
CY2013Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
23131000
CY2013Q1 us-gaap Inventory Net
InventoryNet
6188000
CY2013Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
251408000
CY2013Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3989000
CY2013Q1 us-gaap Inventory Gross
InventoryGross
7261000
CY2013Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6826000
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3079000
CY2013Q1 us-gaap Billed Contract Receivables
BilledContractReceivables
904000
CY2013Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
2096000
CY2013Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1842000
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
4860000
CY2013Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3531000
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
119608000
CY2013Q1 mind Prepaid Domestic Federal And State Taxes
PrepaidDomesticFederalAndStateTaxes
1400000
CY2013Q1 mind Prepaid Foreign Taxes
PrepaidForeignTaxes
4200000
dei Trading Symbol
TradingSymbol
MIND
dei Entity Registrant Name
EntityRegistrantName
MITCHAM INDUSTRIES INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-10-31
dei Entity Central Index Key
EntityCentralIndexKey
0000926423
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--01-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13180000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
414000 shares
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Basis Of Accounting
BasisOfAccounting
<div> <table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><b>1.</b></td> <td align="left" valign="top"><b>Basis of Presentation</b></td> </tr> </table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The condensed consolidated balance sheet as of January&#xA0;31, 2013 for Mitcham Industries, Inc. (for purposes of these notes, the &#x201C;Company&#x201D;) has been derived from audited consolidated financial statements. The unaudited interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (&#x201C;SEC&#x201D;). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (&#x201C;U.S. GAAP&#x201D;) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes included in the Company&#x2019;s Annual Report on Form 10-K for the year ended January&#xA0;31, 2013. In the opinion of the Company, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position as of October&#xA0;31, 2013, the results of operations for the three and nine months ended October&#xA0;31, 2013 and 2012, and the cash flows for the nine months ended October&#xA0;31, 2013 and 2012, have been included in these financial statements. The foregoing interim results are not necessarily indicative of the results of operations to be expected for the full fiscal year ending January&#xA0;31, 2014.</p> </div>
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.224 pure
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
14.82
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
390000 shares
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
44000
us-gaap Operating Income Loss
OperatingIncomeLoss
3505000
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
11416000
us-gaap Interest Paid
InterestPaid
206000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18690000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12766000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
147900 shares
us-gaap Revenues
Revenues
68461000
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-30000
us-gaap Income Taxes Paid
IncomeTaxesPaid
-74000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1449000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1717000
us-gaap Gross Profit
GrossProfit
23850000
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-1277000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
222000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3847000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4703000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4569000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
342000
us-gaap Net Income Loss
NetIncomeLoss
2986000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2827000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
34435000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
105000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
452000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
3382000
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
-120000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
22021000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18173000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2956000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
44611000
us-gaap Inventory Write Down
InventoryWriteDown
70000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
23242000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2495000
us-gaap Share Based Compensation
ShareBasedCompensation
839000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1048000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9059000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7572000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
275000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1124000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-1000000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
44000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
493000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1338000
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
3857000
us-gaap Operating Expenses
OperatingExpenses
20345000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
861000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
897000
mind Incremental Common Shares Attributable To Unvested Restricted Stock
IncrementalCommonSharesAttributableToUnvestedRestrictedStock
24000 shares
mind Number Of Customer
NumberOfCustomer
2 Customer
mind Cost Of Lease Pool Equipment Sales
CostOfLeasePoolEquipmentSales
2080000
mind Cost Of Subsidiary And Other Equipment Sales
CostOfSubsidiaryAndOtherEquipmentSales
16653000
mind Gross Profit From Sale Of Lease Pool Equipment
GrossProfitFromSaleOfLeasePoolEquipment
4108000
mind Lease Pool Equipment Sales
LeasePoolEquipmentSales
-6188000
mind Payments For Repurchase Of Restricted Stock For Treasury
PaymentsForRepurchaseOfRestrictedStockForTreasury
2200000
mind Payments To Acquire Seismic Equipment Held For Lease
PaymentsToAcquireSeismicEquipmentHeldForLease
13308000
mind Purchase Of Seismic Equipment Held For Lease In Accounts Payable
PurchaseOfSeismicEquipmentHeldForLeaseInAccountsPayable
5208000
mind Subsidiary Equipment Sales
SubsidiaryEquipmentSales
16422000
mind Contractual Obligations Term
ContractualObligationsTerm
P3M
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.03
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13264000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
577000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.179 pure
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
558000 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36129000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12687000 shares
us-gaap Revenues
Revenues
76284000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1341000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13999000
us-gaap Gross Profit
GrossProfit
28640000
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
761000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-964000
us-gaap Income Taxes Paid
IncomeTaxesPaid
8222000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
441000
us-gaap Operating Income Loss
OperatingIncomeLoss
11145000
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
3622000
us-gaap Interest Paid
InterestPaid
447000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10159000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
363000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17662000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-986000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-7672000
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
22000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
25139000
us-gaap Net Income Loss
NetIncomeLoss
13636000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
623000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
42952000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1528000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
795000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
506000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
47644000
us-gaap Inventory Write Down
InventoryWriteDown
178000
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12767000 shares
CY2013Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
378000 shares
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
26270000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3524000
us-gaap Share Based Compensation
ShareBasedCompensation
1323000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-443000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
8703000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-5003000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28917000
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
331000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1031000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
3519000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
650000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
441000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16907000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
74000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-2801000
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
6308000
us-gaap Operating Expenses
OperatingExpenses
17495000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3477000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1417000
mind Incremental Common Shares Attributable To Unvested Restricted Stock
IncrementalCommonSharesAttributableToUnvestedRestrictedStock
19000 shares
mind Cost Of Lease Pool Equipment Sales
CostOfLeasePoolEquipmentSales
3752000
mind Cost Of Subsidiary And Other Equipment Sales
CostOfSubsidiaryAndOtherEquipmentSales
12445000
mind Gross Profit From Sale Of Lease Pool Equipment
GrossProfitFromSaleOfLeasePoolEquipment
3657000
mind Lease Pool Equipment Sales
LeasePoolEquipmentSales
-7409000
mind Payments To Acquire Seismic Equipment Held For Lease
PaymentsToAcquireSeismicEquipmentHeldForLease
35531000
mind Potential Income Tax Penalties And Interest After Revision
PotentialIncomeTaxPenaltiesAndInterestAfterRevision
1900000
mind Proceeds From Equipment Notes
ProceedsFromEquipmentNotes
180000
mind Purchase Of Seismic Equipment Held For Lease In Accounts Payable
PurchaseOfSeismicEquipmentHeldForLeaseInAccountsPayable
835000
mind Subsidiary Equipment Sales
SubsidiaryEquipmentSales
22301000
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2013Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
359000 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12767000 shares
CY2013Q4 us-gaap Revenues
Revenues
20275000
CY2013Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1140000
CY2013Q4 us-gaap Gross Profit
GrossProfit
4953000
CY2013Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-517000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-2552000
CY2013Q4 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
3669000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3106000
CY2013Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1488000
CY2013Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-554000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-2628000
CY2013Q4 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
7900000
CY2013Q4 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
37000
CY2013Q4 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
7216000
CY2013Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6086000
CY2013Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
15322000
CY2013Q4 us-gaap Share Based Compensation
ShareBasedCompensation
287000
CY2013Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1048000
CY2013Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
371000
CY2013Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2013Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
164000
CY2013Q4 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
1465000
CY2013Q4 us-gaap Operating Expenses
OperatingExpenses
7505000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-478000
CY2013Q4 mind Incremental Common Shares Attributable To Unvested Restricted Stock
IncrementalCommonSharesAttributableToUnvestedRestrictedStock
19000 shares
CY2013Q4 mind Cost Of Lease Pool Equipment Sales
CostOfLeasePoolEquipmentSales
1119000
CY2013Q4 mind Cost Of Subsidiary And Other Equipment Sales
CostOfSubsidiaryAndOtherEquipmentSales
5522000
CY2013Q4 mind Lease Pool Equipment Sales
LeasePoolEquipmentSales
-3169000
CY2013Q4 mind Subsidiary Equipment Sales
SubsidiaryEquipmentSales
5537000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12771000 shares
CY2012Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
435000 shares
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2012Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
415000 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12771000 shares
CY2012Q4 us-gaap Revenues
Revenues
18573000
CY2012Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-714000
CY2012Q4 us-gaap Gross Profit
GrossProfit
4354000
CY2012Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-395000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1862000
CY2012Q4 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1143000
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2178000
CY2012Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
508000
CY2012Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-316000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-1222000
CY2012Q4 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
11062000
CY2012Q4 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
-79000
CY2012Q4 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
8308000
CY2012Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5854000
CY2012Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
14219000
CY2012Q4 us-gaap Share Based Compensation
ShareBasedCompensation
259000
CY2012Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
362000
CY2012Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
169000
CY2012Q4 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
1663000
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
6216000
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-956000
CY2012Q4 mind Incremental Common Shares Attributable To Unvested Restricted Stock
IncrementalCommonSharesAttributableToUnvestedRestrictedStock
20000 shares
CY2012Q4 mind Cost Of Lease Pool Equipment Sales
CostOfLeasePoolEquipmentSales
1341000
CY2012Q4 mind Cost Of Subsidiary And Other Equipment Sales
CostOfSubsidiaryAndOtherEquipmentSales
2907000
CY2012Q4 mind Lease Pool Equipment Sales
LeasePoolEquipmentSales
-1873000
CY2012Q4 mind Subsidiary Equipment Sales
SubsidiaryEquipmentSales
4495000

Files In Submission

Name View Source Status
0001193125-13-469846-index-headers.html Edgar Link pending
0001193125-13-469846-index.html Edgar Link pending
0001193125-13-469846.txt Edgar Link pending
0001193125-13-469846-xbrl.zip Edgar Link pending
d614191d10q.htm Edgar Link pending
d614191dex311.htm Edgar Link pending
d614191dex312.htm Edgar Link pending
d614191dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mind-20131031.xml Edgar Link completed
mind-20131031.xsd Edgar Link pending
mind-20131031_cal.xml Edgar Link unprocessable
mind-20131031_def.xml Edgar Link unprocessable
mind-20131031_lab.xml Edgar Link unprocessable
mind-20131031_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending