Document and Entity Information - shares |
9 Months Ended | |
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Oct. 31, 2018 |
Dec. 05, 2018 |
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Document And Entity Information [Abstract] | ||
Document Type | 10-Q/A | |
Amendment Flag | true | |
Amendment Description | This amendment (this “Amendment”) to the Quarterly Report on Form 10-Q of SeaChange International, Inc. (the “Company”) for the quarterly period ended October 31, 2018, originally filed on December 10, 2018 (the “Original Filing”), is being filed to correct the following inadvertent clerical errors: • On the cover page of the Original Filing, the number of shares of common stock outstanding as of December 5, 2018 was incorrectly stated as 35,749,131 and has been corrected to 35,754,609. • On page 2 of the Original Filing, in the Consolidated Balance Sheets Other Assets as October 31, 2018 was incorrectly stated as $1,069 and has been corrected to $1,068.• On page 5 of the Original Filing, the following changes were made to the Consolidated Statements of Cash Flows: • Accrued Expenses in the nine months ended October 31, 2018 was incorrectly stated as ($9,068) and has been corrected to $(9,152); • Other operating activities in the nine months ended October 31, 2018 was incorrectly stated as $2,422 and has been corrected to $2,424; and • Total cash used in operating activities in the nine months ended October 31, 2018 was incorrectly stated as ($23,626) and has been corrected to ($23,625). • Total cash used in investing activities was incorrectly labeled and has been corrected to “Total cash (used in) provided by investing activities”. • On page 11 of the Original Filing, in the table first appearing under the heading “Available-For-Sale-Securities, U.S. government agency issues – long-term was incorrectly labeled and has been corrected to “U.S. government agency issues – short-term”. • On page 18 of the Original Filing, the line items under the sub-heading “Assets” in the table titled “Consolidated Balance Sheets” included in Note 10 were revised as follows: • Original Filing As of October 31, 2018 Under ASC 605 Adjustment October 31, 2018 Under ASC 606 Assets Unbilled receivables $5,112 $366 $5,479 Prepaid expenses and other current assets (1) $8,561 $(680) $7,880 • As Revised As of October 31, 2018 Under ASC 605 Adjustment October 31, 2018 Under ASC 606 Assets Unbilled receivables $8,561 $(680) $7,881 Prepaid expenses and other current assets (1) $5,113 $366 $5,479 • On page 19 of the Original Filing, the following items in the table titled “Consolidated Statements of Operations and Comprehensive Loss” included in Note 10 were revised as follows with respect to the three months ended October 31, 2018: • Original Filing Revenues $18,352 $260 $18.612 Operating expenses $13,695 $110 $13,805 Net loss $(3,818) $(10) $(3,828) Net loss per share: Basic $(0.12) $— $(0.12) Diluted $(0.12) $— $(0.12) • As Revised: Revenues $18,352 $260 $18.611 Operating expenses $13,695 $110 $13,803 Net loss $(3,818) $(9) $(3,827) Net loss per share: Basic $(0.11) $— $(0.11)Diluted $(0.11) $— $(0.11) • On page 19 of the Original Filing, the following items in the table titled “Consolidated Statements of Operations and Comprehensive Loss” included in Note 10 were revised as follows with respect to the nine months ended October 31, 2018: • Original Filing Income tax (benefit) provision $(2,412) (2,421) • As Revised: Income tax (benefit) provision $(2,421) (2,421) • On page 28 of the Original Filing, the following items in the table first appearing under the heading “Revenues” were revised as follows with respect to the three months ended October 31, 2018 and 2017: • With respect to Gross Product Profit Margin, (9.8%) has been shifted from the column titled “Increase/(Decrease) $ Amount” to “Increase/(Decrease) % Change”; • With respect to Gross Service Profit Margin, (6.9%) has been shifted from the column titled “Increase/(Decrease) $ Amount” to “Increase/(Decrease) % Change”; and • With respect to Gross Profit Margin, (9.2%) has been shifted from the column titled “Increase/(Decrease) $ Amount” to “Increase/(Decrease) % Change”. • On page 28 of the Original Filing, the following items in the table first appearing under the heading “Revenues” were revised as follows with respect to the nine months ended October 31, 2018 and 2017: • Increase/(Decrease) % Change in Cost of Service Revenue was incorrectly stated as (0.6%) and has been corrected to 0.6%; • Increase/(Decrease) % Change in Gross Product Profit Margin was incorrectly stated as 3.4% and has been corrected to (3.4%); • On page 28 of the Original Filing, in the paragraph under the sub-heading “Revenue” beginning “Product Revenue”, the Original Filing incorrect stated that the decrease in product revenue for the three and nine months ended October 31, 2018 of $2.8 million and $6.1 million respectively has been corrected to product revenue for the three and nine months ended October 31, 2018 of $2.9 million and $6.1 million respectively. • On page 29 of the Original Filing, in the paragraph under the sub-heading “Selling and Marketing” beginning “Selling and marketing expenses”, the Original Filing incorrectly stated that increase in salary and related costs contributed $1.0 million to the $1.5 million increase, and has been corrected to salary and related costs having contributed $0.8 million to the $1.5 million increase. • On page 34 of the Original Filing, in the Non-GAAP table revenues from services in the nine months ended October 31, 2018 was incorrectly stated as $62,626 and has been corrected to $32,626. • On page 34 of the Original Filing, the diluted weighted average common shares outstanding included in “Adjustments” and “Non-GAAP” for the nine-months ended October 31, 2017 was incorrectly stated as 35,381 and has been corrected to 35,549. In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), this Amendment also includes currently dated certifications from the Company’s Chief Executive Officer and Chief Financial Officer. This Amendment should be read in conjunction with the Original Filing, continues to speak as of the date of the Original Filing. This Amendment does not otherwise change or update the disclosures set forth in the Original Filing, except as noted above. | |
Document Period End Date | Oct. 31, 2018 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | SEAC | |
Entity Registrant Name | SEACHANGE INTERNATIONAL INC | |
Entity Central Index Key | 0001019671 | |
Current Fiscal Year End Date | --01-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding | 35,754,609 |