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 (Tables)

Consolidated Balance Sheet Detail (Tables)

12 Months Ended

Jan. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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,
	2017		2016
	(Amounts in thousands)
Components and assemblies	$	500	$	1,223
Finished products		270		459

Total inventories, net	$	770	$	1,682

Property and Equipment, Net

Property and equipment, net consists of the following:


	Estimated Useful Life (Years)		January 31,
	Estimated Useful Life (Years)		2017			2016
			(Amounts in thousands)
Land			$	2,780		$	2,880
Buildings		20		11,726			11,908
Office furniture and equipment		5		1,091			1,099
Computer equipment, software and demonstration equipment		3		18,194			18,639
Service and spare components		5		1,158			1,158
Leasehold improvements		1-7		1,064			1,087

				36,013			36,771
Less—Accumulated depreciation and amortization				(24,528	)		(22,642	)

Total property and equipment, net			$	11,485		$	14,129

Other Accrued Expenses

Other accrued expenses consist of the following:


	January 31,
	2017		2016
	(Amounts in thousands)
Accrued compensation and commissions	$	1,799	$	1,676
Accrued bonuses		1,871		2,902
Accrued restructuring		1,023		—
Employee benefits		885		1,484
Accrued provision for contract loss(1)		168		6,497
Accrued other		4,182		4,855

Total other accrued expenses	$	9,928	$	17,414

(1)	Includes a reduction to the provision for loss contract of $4.1 million recorded in the fourth quarter of fiscal 2017 resulting from an amendment to a contract with a fixed-price customer which changed the scope of the project and add the remaining costs and revenue to complete the project.