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

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Effect of Change in Methodology

We have adjusted prior fiscal year amounts to conform to the current fiscal year presentation. The effect of this change in methodology, which is a decrease to cost of revenue and an increase to selling and marketing expenses, is reflected in our current statements of operations and comprehensive income (loss) for fiscal 2017. There were no such costs in fiscal 2016:

			Adjustment to
			Conform to
	As Filed Fiscal 2017		Current Year			As Filed Fiscal 2018
	January 31, 2017		Presentation			January 31, 2017
	(Amounts in thousands)
Cost of revenues - service	$	37,865	$	(2,125	)	$	35,740
Selling and marketing expenses	$	14,033	$	2,125		$	16,158

Summary of Cash, Cash Equivalents, and Restricted Cash Total

Accordingly, the following is a summary of our cash, cash equivalents, and restricted cash total as presented in our consolidated statements of cash flows for the fiscal years ended January 31, 2018, 2017 and 2016:

	For the Fiscal Year Ended
	January 31,
	2018		2017		2016
	(Amounts in thousands)
Cash and cash equivalents	$	43,652	$	28,302	$	58,733
Restricted cash		9		109		82
Total cash, cash equivalents, and restricted cash	$	43,661	$	28,411	$	58,815

Components of Identified Intangible Assets Associated with Acquisition and their Estimated Useful Lives

The intangible assets are amortized to cost of sales and operating expenses, as appropriate, on a straight-line or accelerated basis, using the economic consumption life basis, to reflect the period that the assets will be consumed, which are:

Intangible assets with finite useful lives:
Customer contracts		1 - 8 years
Non-compete agreements		2 - 3 years
Completed technology		4 - 6 years
Trademarks, patents and other		5 - 7 years