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

Quarterly report pursuant to Section 13 or 15(d)

Severance and Other Restructuring Costs

Severance and Other Restructuring Costs

9 Months Ended

Oct. 31, 2014

Restructuring and Related Activities [Abstract]

6. Severance and Other Restructuring Costs

During the three and nine months ended October 31, 2014, we incurred restructuring charges of $1.2 million and $1.9 million, respectively, related to severance costs for terminated employees, which includes a $1.2 million charge related to the resignation of our former CEO in October 2014.

The following table shows the change in balances of our severance liability for three and nine months ended October 31, 2014. These amounts are reported as a component of other accrued expenses on the consolidated balance sheet as of October 31, 2014 (amounts in thousands):


	Three Months Ended			Nine Months Ended
	October 31, 2014			October 31, 2014
Accrual balance at the beginning of the period	$	213		$	229
Severance charges accrued		1,186			1,878
Severance costs paid		(185	)		(893	)

Accrual balance as of October 31, 2014	$	1,214		$	1,214

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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