A method for compressing imaging data includes acquiring a stream of imaging data, and dividing the stream of imaging data into a plurality of interstices, each interstice including a plurality of detected events. The also includes classifying the detected events within each interstice based on a probability of occurrence of the detected event, and reordering the detected events within each interstice based on the probability of occurrence to compress the image data. The method further includes generating a ring pair identification number for each detected event in the plurality of interstices.