|
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
$ 12,322 |
$ 17,351 |
$ 15,721 |
| Restricted cash |
723 |
638 |
|
| Accounts receivable, net |
73,584 |
40,928 |
|
| Deferred costs on contracts |
4,631 |
3,190 |
|
| Prepaid expenses and other current assets |
17,037 |
4,619 |
|
| Deferred income tax assets |
520 |
1,371 |
|
| Total current assets |
108,817 |
68,097 |
|
| Property and equipment, net |
77,096 |
64,572 |
|
| Investment in subsidiaries |
0 |
0 |
|
| Intercompany receivables |
0 |
0 |
|
| Intangible assets, net |
1,050 |
1,260 |
|
| Goodwill |
1,977 |
2,150 |
2,306 |
| Deferred loan issuance costs, net |
6,826 |
9,115 |
9,066 |
| Deferred income tax assets |
8,027 |
743 |
|
| Other assets |
0 |
13 |
|
| Total assets |
203,793 |
145,950 |
|
| Current liabilities: |
|
|
|
| Accounts payable |
34,255 |
16,511 |
|
| Accrued liabilities |
10,902 |
3,124 |
|
| Income and other taxes payable |
20,261 |
7,073 |
|
| Accrued payroll liabilities |
8,652 |
4,497 |
|
| Current portion of notes payable under 2012 credit agreement |
0 |
800 |
|
| Equipment note payable |
1,654 |
0 |
|
| Current portion of capital leases |
460 |
485 |
|
| Notes payable to related parties |
0 |
500 |
|
| Deferred revenue |
187 |
7,927 |
|
| Deferred income tax liabilities |
587 |
69 |
|
| Total current liabilities |
76,958 |
40,986 |
|
| Senior secured notes payable |
150,000 |
|
|
| Long-term portion of credit agreement borrowings |
0 |
79,888 |
|
| Notes payable to Former SAE stockholders |
0 |
12,406 |
|
| Long-term portion of capital leases |
185 |
618 |
|
| Intercompany payables |
0 |
0 |
|
| Deferred income tax liabilities |
5,731 |
1,114 |
|
| Total liabilities |
232,874 |
135,012 |
|
| Stockholders’ equity: |
|
|
|
| Common stock |
2 |
2 |
|
| Additional paid-in capital |
28,185 |
27,485 |
|
| Retained earnings (accumulated deficit) |
(56,264) |
(14,511) |
|
| Accumulated other comprehensive loss |
(4,362) |
(2,083) |
|
| Total stockholders’ equity attributable to the Corp. |
(32,439) |
10,893 |
|
| Noncontrolling interest |
3,358 |
45 |
|
| Total stockholders’ equity (deficit) |
(29,081) |
10,938 |
24,065 |
| Total liabilities and stockholders’ equity (deficit) |
203,793 |
145,950 |
|
| Consolidating Adjustments |
|
|
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
0 |
0 |
0 |
| Restricted cash |
0 |
0 |
|
| Accounts receivable, net |
0 |
0 |
|
| Deferred costs on contracts |
0 |
0 |
|
| Prepaid expenses and other current assets |
0 |
0 |
|
| Deferred income tax assets |
0 |
0 |
|
| Total current assets |
0 |
0 |
|
| Property and equipment, net |
0 |
0 |
|
| Investment in subsidiaries |
(69,268) |
(133,502) |
|
| Intercompany receivables |
(126,466) |
(16,731) |
|
| Intangible assets, net |
0 |
0 |
|
| Goodwill |
0 |
0 |
|
| Deferred loan issuance costs, net |
0 |
0 |
|
| Deferred income tax assets |
0 |
0 |
|
| Other assets |
0 |
0 |
|
| Total assets |
(195,734) |
(150,233) |
|
| Current liabilities: |
|
|
|
| Accounts payable |
0 |
0 |
|
| Accrued liabilities |
0 |
0 |
|
| Income and other taxes payable |
0 |
0 |
|
| Accrued payroll liabilities |
0 |
0 |
|
| Current portion of notes payable under 2012 credit agreement |
|
0 |
|
| Equipment note payable |
0 |
|
|
| Current portion of capital leases |
0 |
0 |
|
| Notes payable to related parties |
|
0 |
|
| Deferred revenue |
0 |
0 |
|
| Deferred income tax liabilities |
0 |
0 |
|
| Total current liabilities |
0 |
0 |
|
| Senior secured notes payable |
0 |
|
|
| Long-term portion of credit agreement borrowings |
|
0 |
|
| Notes payable to Former SAE stockholders |
|
0 |
|
| Long-term portion of capital leases |
0 |
0 |
|
| Intercompany payables |
(126,466) |
(16,731) |
|
| Deferred income tax liabilities |
0 |
0 |
|
| Total liabilities |
(126,466) |
(16,731) |
|
| Stockholders’ equity: |
|
|
|
| Common stock |
0 |
0 |
|
| Additional paid-in capital |
(61,354) |
(63,092) |
|
| Retained earnings (accumulated deficit) |
(7,914) |
(70,410) |
|
| Accumulated other comprehensive loss |
0 |
0 |
|
| Total stockholders’ equity attributable to the Corp. |
(69,268) |
(133,502) |
|
| Noncontrolling interest |
0 |
0 |
|
| Total stockholders’ equity (deficit) |
(69,268) |
(133,502) |
|
| Total liabilities and stockholders’ equity (deficit) |
(195,734) |
(150,233) |
|
| SAExploration Holding, Inc. |
|
|
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
0 |
0 |
0 |
| Restricted cash |
0 |
0 |
|
| Accounts receivable, net |
70 |
0 |
|
| Deferred costs on contracts |
0 |
0 |
|
| Prepaid expenses and other current assets |
31 |
0 |
|
| Deferred income tax assets |
0 |
0 |
|
| Total current assets |
101 |
0 |
|
| Property and equipment, net |
0 |
0 |
|
| Investment in subsidiaries |
(14,245) |
15,857 |
|
| Intercompany receivables |
126,466 |
0 |
|
| Intangible assets, net |
0 |
0 |
|
| Goodwill |
0 |
0 |
|
| Deferred loan issuance costs, net |
6,022 |
0 |
|
| Deferred income tax assets |
15 |
0 |
|
| Other assets |
0 |
13 |
|
| Total assets |
118,359 |
15,870 |
|
| Current liabilities: |
|
|
|
| Accounts payable |
0 |
0 |
|
| Accrued liabilities |
7,519 |
681 |
|
| Income and other taxes payable |
0 |
35 |
|
| Accrued payroll liabilities |
0 |
0 |
|
| Current portion of notes payable under 2012 credit agreement |
|
0 |
|
| Equipment note payable |
0 |
|
|
| Current portion of capital leases |
0 |
0 |
|
| Notes payable to related parties |
|
500 |
|
| Deferred revenue |
0 |
0 |
|
| Deferred income tax liabilities |
0 |
0 |
|
| Total current liabilities |
7,519 |
1,216 |
|
| Senior secured notes payable |
150,000 |
|
|
| Long-term portion of credit agreement borrowings |
|
0 |
|
| Notes payable to Former SAE stockholders |
|
12,406 |
|
| Long-term portion of capital leases |
0 |
0 |
|
| Intercompany payables |
0 |
355 |
|
| Deferred income tax liabilities |
0 |
0 |
|
| Total liabilities |
157,519 |
13,977 |
|
| Stockholders’ equity: |
|
|
|
| Common stock |
2 |
2 |
|
| Additional paid-in capital |
28,185 |
27,485 |
|
| Retained earnings (accumulated deficit) |
(67,347) |
(25,594) |
|
| Accumulated other comprehensive loss |
0 |
0 |
|
| Total stockholders’ equity attributable to the Corp. |
(39,160) |
1,893 |
|
| Noncontrolling interest |
0 |
0 |
|
| Total stockholders’ equity (deficit) |
(39,160) |
1,893 |
|
| Total liabilities and stockholders’ equity (deficit) |
118,359 |
15,870 |
|
| The Guarantors |
|
|
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
7,289 |
3,389 |
8,248 |
| Restricted cash |
0 |
0 |
|
| Accounts receivable, net |
1,871 |
888 |
|
| Deferred costs on contracts |
3,626 |
463 |
|
| Prepaid expenses and other current assets |
536 |
394 |
|
| Deferred income tax assets |
(255) |
849 |
|
| Total current assets |
13,067 |
5,983 |
|
| Property and equipment, net |
61,292 |
41,926 |
|
| Investment in subsidiaries |
80,003 |
117,645 |
|
| Intercompany receivables |
0 |
16,731 |
|
| Intangible assets, net |
0 |
0 |
|
| Goodwill |
0 |
0 |
|
| Deferred loan issuance costs, net |
804 |
9,115 |
|
| Deferred income tax assets |
5,046 |
10 |
|
| Other assets |
0 |
0 |
|
| Total assets |
160,212 |
191,410 |
|
| Current liabilities: |
|
|
|
| Accounts payable |
9,429 |
4,116 |
|
| Accrued liabilities |
1,206 |
1,164 |
|
| Income and other taxes payable |
42 |
(3,753) |
|
| Accrued payroll liabilities |
1,386 |
490 |
|
| Current portion of notes payable under 2012 credit agreement |
|
800 |
|
| Equipment note payable |
1,654 |
|
|
| Current portion of capital leases |
49 |
39 |
|
| Notes payable to related parties |
|
0 |
|
| Deferred revenue |
0 |
4,775 |
|
| Deferred income tax liabilities |
(1,275) |
69 |
|
| Total current liabilities |
12,491 |
7,700 |
|
| Senior secured notes payable |
0 |
|
|
| Long-term portion of credit agreement borrowings |
|
79,888 |
|
| Notes payable to Former SAE stockholders |
|
0 |
|
| Long-term portion of capital leases |
96 |
102 |
|
| Intercompany payables |
66,006 |
0 |
|
| Deferred income tax liabilities |
5,440 |
749 |
|
| Total liabilities |
84,033 |
88,439 |
|
| Stockholders’ equity: |
|
|
|
| Common stock |
0 |
0 |
|
| Additional paid-in capital |
43,861 |
43,861 |
|
| Retained earnings (accumulated deficit) |
28,960 |
59,065 |
|
| Accumulated other comprehensive loss |
0 |
0 |
|
| Total stockholders’ equity attributable to the Corp. |
72,821 |
102,926 |
|
| Noncontrolling interest |
3,358 |
45 |
|
| Total stockholders’ equity (deficit) |
76,179 |
102,971 |
|
| Total liabilities and stockholders’ equity (deficit) |
160,212 |
191,410 |
|
| Other Subsidiaries |
|
|
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
5,033 |
13,962 |
7,473 |
| Restricted cash |
723 |
638 |
|
| Accounts receivable, net |
71,643 |
40,040 |
|
| Deferred costs on contracts |
1,005 |
2,727 |
|
| Prepaid expenses and other current assets |
16,470 |
4,225 |
|
| Deferred income tax assets |
775 |
522 |
|
| Total current assets |
95,649 |
62,114 |
|
| Property and equipment, net |
15,804 |
22,646 |
|
| Investment in subsidiaries |
3,510 |
0 |
|
| Intercompany receivables |
0 |
0 |
|
| Intangible assets, net |
1,050 |
1,260 |
|
| Goodwill |
1,977 |
2,150 |
|
| Deferred loan issuance costs, net |
0 |
0 |
|
| Deferred income tax assets |
2,966 |
733 |
|
| Other assets |
0 |
0 |
|
| Total assets |
120,956 |
88,903 |
|
| Current liabilities: |
|
|
|
| Accounts payable |
24,826 |
12,395 |
|
| Accrued liabilities |
2,177 |
1,279 |
|
| Income and other taxes payable |
20,219 |
10,791 |
|
| Accrued payroll liabilities |
7,266 |
4,007 |
|
| Current portion of notes payable under 2012 credit agreement |
|
0 |
|
| Equipment note payable |
0 |
|
|
| Current portion of capital leases |
411 |
446 |
|
| Notes payable to related parties |
|
0 |
|
| Deferred revenue |
187 |
3,152 |
|
| Deferred income tax liabilities |
1,862 |
0 |
|
| Total current liabilities |
56,948 |
32,070 |
|
| Senior secured notes payable |
0 |
|
|
| Long-term portion of credit agreement borrowings |
|
0 |
|
| Notes payable to Former SAE stockholders |
|
0 |
|
| Long-term portion of capital leases |
89 |
516 |
|
| Intercompany payables |
60,460 |
16,376 |
|
| Deferred income tax liabilities |
291 |
365 |
|
| Total liabilities |
117,788 |
49,327 |
|
| Stockholders’ equity: |
|
|
|
| Common stock |
0 |
0 |
|
| Additional paid-in capital |
17,493 |
19,231 |
|
| Retained earnings (accumulated deficit) |
(9,963) |
22,428 |
|
| Accumulated other comprehensive loss |
(4,362) |
(2,083) |
|
| Total stockholders’ equity attributable to the Corp. |
3,168 |
39,576 |
|
| Noncontrolling interest |
0 |
0 |
|
| Total stockholders’ equity (deficit) |
3,168 |
39,576 |
|
| Total liabilities and stockholders’ equity (deficit) |
$ 120,956 |
$ 88,903 |
|