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

Operating Leases (Tables)

6 Months Ended

Jul. 31, 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 July 31, 2020		Six Months Ended July 31, 2020
	(Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	244	$	566

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

	July 31, 2020			January 31, 2020
	(Amounts in thousands)
Operating lease right-of-use assets	$	5,505		$	4,860

Current portion, operating lease liabilities		1,295			722
Operating lease liabilities, long term		4,607			4,348
Total operating lease liabilities	$	5,902		$	5,070

Weighted average remaining lease term (years)		4.5
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 July 31, 2020, are as follows:

	Payments for Operating Leases
For the fiscal years ended January 31,	(Amounts in thousands)
2021	$	552
2022		1,213
2023		1,337
2024		1,373
2025		1,413
Thereafter		59
Total lease payments		5,947
Less interest		45
Total operating lease liabilities	$	5,902