SeaChange International, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheet Detail

Consolidated Balance Sheet Detail

12 Months Ended

Jan. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

5. Consolidated Balance Sheet Detail

Inventories consist primarily of hardware and related component parts and are stated at the lower of cost (on a first-in, first-out basis) or market. Inventories consist of the following:


	January 31,
	2015		2014
	(Amounts in thousands)
Components and assemblies	$	1,487	$	2,201
Finished products		1,377		4,431

Total inventories	$	2,864	$	6,632

Property and equipment, net consists of the following:


	Estimated Useful Life (Years)		January 31,
	Estimated Useful Life (Years)		2015			2014
			(Amounts in thousands)
Land			$	2,880		$	2,880
Buildings		20		12,146			12,081
Office furniture and equipment		5		1,023			998
Computer equipment, software and demonstration equipment		3		17,584			17,466
Service and spare components		5		1,158			1,158
Leasehold improvements		1-7		1,089			1,145

				35,880			35,728
Less—Accumulated depreciation and amortization				(20,011	)		(17,198	)

Total property and equipment, net			$	15,869		$	18,530

Depreciation and amortization expense of fixed assets was $3.7 million, $4.4 million and $4.7 million for the years ended January 31, 2015, 2014 and 2013, respectively.

Other accrued expenses consist of the following:


	January 31,
	2015		2014
	(Amounts in thousands)
Accrued compensation and commissions	$	1,518	$	2,290
Accrued bonuses		2,186		2,095
Accrued severance		2,021		229
Employee benefits		1,959		2,113
Accrued other		4,823		5,605

Total other accrued expenses	$	12,507	$	12,332