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

Operating Leases (Tables)

6 Months Ended

Jul. 31, 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 July 31,		For the Six Months Ended July 31,
	2022		2022
	(Amounts in thousands)
Operating lease cost	$	127	$	270
Short term lease cost, net		4		8
Total lease cost	$	131	$	278

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


	As of July 31, 2022			As of January 31, 2022
	(Amounts in thousands)
Operating lease right-of-use assets	$	1,571		$	2,031

Current portion, operating lease liabilities		679			762
Operating lease liabilities, long term		949			1,361
Total operating lease liabilities	$	1,628		$	2,123

Weighted average remaining lease term (years)		2.5			3.0
Weighted average incremental borrowing rate		5.0	%		5.0	%

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


	For the Three Months Ended July 31,				For the Six Months Ended July 31,
	2022		2021		2022		2021
	(Amounts in thousands)				(Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	127	$	223	$	270	$	733

Future minimum lease payments for operating leases, with initial or remaining terms in excess of one year as of July 31, 2022 are as follows:


	Payments for Operating Leases
For the Fiscal Years Ended January 31,	(Amounts in thousands)
2023	$	339
2024		688
2025		709
Total lease payments		1,736
Less interest		108
Total operating lease liabilities	$	1,628