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

Operating Leases (Tables)

9 Months Ended

Oct. 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 October 31,		For the Nine Months Ended October 31,
	2022		2022
	(Amounts in thousands)
Operating lease cost	$	111	$	381
Short term lease cost, net		3		11
Total lease cost	$	114	$	392

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


	As of October 31, 2022			As of January 31, 2022
	(Amounts in thousands)
Operating lease right-of-use assets	$	1,392		$	2,031

Current portion, operating lease liabilities		652			762
Operating lease liabilities, long term		787			1,361
Total operating lease liabilities	$	1,439		$	2,123

Weighted average remaining lease term (years)		2.3			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 October 31,				For the Nine Months Ended October 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	$	123	$	218	$	430	$	951

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


	Payments for Operating Leases
For the Fiscal Years Ended January 31,	(Amounts in thousands)
2023	$	165
2024		670
2025		691
Total lease payments		1,526
Less interest		87
Total operating lease liabilities	$	1,439