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

Operating Leases (Tables)

3 Months Ended

Apr. 30, 2020

The components of lease expense are as follows:

Supplemental cash flow information related to the Company’s operating leases was as follows:

	Three Months Ended April 30, 2020		Three Months Ended April 30, 2019
	(Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	322	$	206

Supplemental balance sheet information related to the Company's operating leases was as follows:

	April 30, 2020			January 31, 2020
	(Amounts in thousands)
Operating lease right-of-use assets	$	4,929		$	4,860

Current portion, operating lease liabilities		808			722
Operating lease liabilities, long term		4,464			4,348
Total operating lease liabilities	$	5,272		$	5,070

Weighted average remaining lease term (years)		4.8
Weighted average incremental borrowing rate		5.0	%

Future minimum lease payments for operating leases, with initial or remaining terms in excess of one year at April 30, 2020, are as follows:

	Payments for Operating Leases
For the fiscal years ended January 31,	(Amounts in thousands)
2021	$	769
2022		1,161
2023		1,284
2024		1,318
2025		1,357
Thereafter		59
Total lease payments		5,948
Less interest		676
Total operating lease liabilities	$	5,272