SeaChange International, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Severance and Restructuring Costs

Severance and Restructuring Costs

6 Months Ended

Jul. 31, 2021

Restructuring And Related Activities [Abstract]

8.	Severance and Restructuring Costs

During the three and six months ended July 31, 2021, we incurred severance costs of less than $0.1 million and $0.2 million, respectively, and restructuring costs of $0.1 million and $0.4 million, respectively, primarily for employee-related termination benefits in relation to the restructuring of our finance department and expenses related to the closure of our leased facility in Waltham, Massachusetts.

The following table shows the change in accrued restructuring balances since January 31, 2021 primarily related to our finance department restructuring efforts and closure of our leased headquarters facility, reported as a component of accrued expenses on the consolidated balance sheets:

	Employee- Related Benefits			Closure of Leased Facilities			Total
	(Amounts in thousands)
Accrued balance as of January 31, 2021	$	—		$	—		$	—
Restructuring charges incurred		147			463			610
Cash payments		(115	)		(463	)		(578	)
Accrued balance as of July 31, 2021	$	32		$	—		$	32