Mitcham Industries, Inc. (MII) 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 (marsh and shallow water areas) 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�s manufacturing segment is engaged in the design, production and sale of marine seismic equipment. In May 2014, the Company's wholly-owned subsidiary, Seamap Pte Ltd., (Seamap), acquired the marine energy source product lines from ION Geophysical Corporation.