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)

9 Months Ended

Oct. 31, 2018

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 October 31, 2018 and January 31, 2018. There were no fair value measurements of our financial assets and liabilities using significant Level 3 inputs for the periods presented:


			Fair Value at October 31, 2018 Using
			Quoted
			Prices in		Significant
			Active		Other
			Markets for		Observable
	October 31,		Identical Assets		Inputs
	2018		(Level 1)		(Level 2)
	(Amounts in thousands)
Financial assets:
Money market accounts ⁽¹⁾	$	2,832	$	2,649	$	183
Available-for-sale marketable securities:
Current marketable securities:
U.S. treasury notes and bonds - conventional		745		745		—
Non-current marketable securities:
U.S. treasury notes and bonds - conventional		6,274		6,274		—
U.S. government agency issues		986		—		986
Corporate bonds		2,280		—		2,280

Total	$	13,117	$	9,668	$	3,449


			Fair Value at January 31, 2018 Using
			Quoted
			Prices in		Significant
			Active		Other
			Markets for		Observable
	January 31,		Identical Assets		Inputs
	2018		(Level 1)		(Level 2)
	(Amounts in thousands)
Financial assets:
Money market accounts ⁽¹⁾	$	4,568	$	—	$	4,568
Available-for-sale marketable securities:
Current marketable securities:
U.S. treasury notes and bonds - conventional		1,993		1,993		—
U.S. government agency issues		1,998		—		1,998
Non-current marketable securities:
U.S. treasury notes and bonds - conventional		1,724		1,724		—
U.S. government agency issues		985		—		985
Corporate bonds		1,740		—		1,740

Total	$	13,008	$	3,717	$	9,291

Summary of Available-for-Sale Securities

The following is a summary of cash, cash equivalents and available-for-sale securities, including the cost basis, aggregate fair value and gross unrealized gains and losses, for short- and long-term marketable securities portfolio as of October 31, 2018 and January 31, 2018:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(Amounts in thousands)
October 31, 2018:
Cash	$	18,723	$	—	$	—		$	18,723
Cash equivalents		2,820		11		—			2,831

Cash and cash equivalents		21,543		11		—			21,554

U.S. treasury notes and bonds - short-term		749		—		(3	)		746
U.S. treasury notes and bonds - long-term		6,306		—		(32	)		6,274
U.S. government agency issues - short-term		1,001		—		(15	)		986
Corporate bonds - long-term		2,310		—		(30	)		2,280

Total cash, cash equivalents and marketable securities	$	31,909	$	11	$	(80	)	$	31,840

January 31, 2018:
Cash	$	39,084	$	—	$	—		$	39,084
Cash equivalents		4,568		—		—			4,568

Cash and cash equivalents		43,652		—		—			43,652

U.S. treasury notes and bonds - short-term		2,001		—		(8	)		1,993
U.S. treasury notes and bonds - long-term		1,740		—		(16	)		1,724
U.S. government agency issues - short-term		1,991		9		(2	)		1,998
U.S. government agency issues - long-term		1,002		—		(17	)		985
Corporate bonds - long-term		1,760				(20	)		1,740

Total cash, cash equivalents and marketable securities	$	52,146	$	9	$	(63	)	$	52,092

Schedule of Contractual Maturities Available-for-Sale Investments

Contractual maturities of available-for-sale investments as of October 31, 2018 are as follows (amounts in thousands):


	Estimated
	Fair Value
Maturity of one year or less	$	1,732
Maturity between one and five years		8,554

Total	$	10,286