Mitcham Industries, Inc. leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors to perform seismic data acquisition surveys on land, in transition zones and deep water marine areas. The Company operates in two segments: Equipment Leasing and Manufacturing . Its Equipment Leasing segment is engaged in the leasing of seismic equipment to companies in the oil and gas industry throughout the world. The Company also sells new and used seismic equipment from time to time. The Company’s manufacturing segment is engaged in the design, production and sale of marine seismic equipment. The Company conducts its leasing business through MII, the Company’s wholly-owned subsidiaries and its branches in Colombia and Peru. The operations of the manufacturing segment are conducted through its subsidiaries, Seamap (UK) Ltd (Seamap UK) and Seamap Pte.Ltd., which is referred to as the Company’s Seamap Segment.