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

Operating Leases (Tables)

3 Months Ended

Apr. 30, 2022

The components of lease expense included in the condensed consolidated statements of operations and comprehensive loss are as follows:

	For the Three Months Ended April 30,
	2022		2021
	(Amounts in thousands)
Operating lease cost	$	143	$	283
Short term lease cost, net		4		5
Total lease cost	$	147	$	288

Supplemental cash flow information related to the Company’s operating leases was as follows:

	For the Three Months Ended April 30,
	2022		2021
	(Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	143	$	473

Supplemental balance sheet information related to the Company's operating leases was as follows:

	As of April 30, 2022			As of January 31, 2022
	(Amounts in thousands)
Operating lease right-of-use assets	$	1,763		$	2,031

Current portion, operating lease liabilities		685			762
Operating lease liabilities, long term		1,147			1,361
Total operating lease liabilities	$	1,832		$	2,123

Weighted average remaining lease term (years)		2.8			3.0
Weighted average incremental borrowing rate		5.0	%		5.0	%

Future minimum lease payments for operating leases, with initial or remaining terms in excess of one year as of April 30, 2022 are as follows:

	Payments for Operating Leases
For the Fiscal Years Ended January 31,	(Amounts in thousands)
2023	$	581
2024		710
2025		731
Total lease payments		2,022
Less interest		190
Total operating lease liabilities	$	1,832