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

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Jul. 31, 2014

Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following tables set forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of July 31, 2014 and January 31, 2014:


			Fair Value at July 31, 2014 Using
	July 31, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Amounts in thousands)
Financial assets:
Cash	$	95,047	$	95,047	$	—	$	—
Money market accounts (a)		1,508		1,508		—		—
Available for sale marketable securities:
Current marketable securities:
U.S. treasury notes and bonds—conventional		2,511		2,511		—		—
U.S. government agency issues		3,527		—		3,527		—
Non-current marketable securities:
U.S. treasury notes and bonds—conventional		2,006		2,006		—		—
U.S. government agency issues		6,273		—		6,273		—

Total	$	110,872	$	101,072	$	9,800	$	—


			Fair Value at January 31, 2014 Using
	January 31, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Amounts in thousands)
Financial assets:
Cash	$	112,271	$	112,271	$	—	$	—
Money market accounts (a)		3,463		3,463		—		—
Available for sale marketable securities:
Current marketable securities:
U.S. treasury notes and bonds—conventional		3,545		3,545		—		—
U.S. government agency issues		2,010		—		2,010		—
Non-current marketable securities:
U.S. government agency issues		6,814		—		6,814		—

Total	$	128,103	$	119,279	$	8,824	$	—

(a)	Money market funds and U.S. treasury bills are included in cash and cash equivalents on the accompanying consolidated balance sheet and are valued at quoted market prices for identical instruments in active markets.

Summary of Available-for-Sale Securities

The following is a summary of available-for-sale securities, including the cost basis, aggregate fair value and gross unrealized gains and losses, for cash equivalents, short- and long-term marketable securities portfolio as of July 31, 2014 and January 31, 2014:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Amounts in thousands)
July 31, 2014:
Cash	$	95,047	$	—	$	—		$	95,047
Cash equivalents		1,508		—		—			1,508

Cash and cash equivalents		96,555		—		—			96,555

U.S. treasury notes and bonds—short-term		2,510		1		—			2,511
U.S. treasury notes and bonds—long-term		2,011		—		(5	)		2,006
U.S. government agency issues—short-term		3,520		7		—			3,527
U.S. government agency issues—long-term		6,269		4					6,273

Total cash, cash equivalents and marketable securities	$	110,865	$	12	$	(5	)	$	110,872

January 31, 2014:
Cash	$	112,271	$	—	$	—		$	112,271
Cash equivalents		3,463		—		—			3,463

Cash and cash equivalents		115,734		—		—			115,734

U.S. treasury notes and bonds—short-term		3,540		5					3,545
U.S. government agency issues—short-term		2,005		5		—			2,010
U.S. government agency issues—long-term		6,806		8		—			6,814

Total cash, cash equivalents and marketable securities	$	128,085	$	18	$	—		$	128,103

Schedule of Contractual Maturities Available-for-Sale Investments

The following is a schedule of the contractual maturities of available-for-sale investments as of July 31, 2014 (amounts in thousands):


	Estimated Fair Value
Maturity of one year or less	$	6,038
Maturity between one and five years		8,279

Total	$	14,317