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

Quarterly report pursuant to Section 13 or 15(d)

Severance and Other Restructuring Costs

Severance and Other Restructuring Costs

3 Months Ended

Apr. 30, 2015

Restructuring and Related Activities [Abstract]

7.	Severance and Other Restructuring Costs

During the three months ended April 30, 2015, we incurred restructuring charges of $0.2 million primarily from severance costs for terminated employees as a result of our restructuring plan initiated in January 2015.

The following table shows the change in balances of our accrued severance reported as a component of other accrued expenses on the consolidated balance sheet as of April 30, 2015 (amounts in thousands):


	Three Months Ended
	April 30, 2015
Accrual balance at the beginning of the period	$	2,021
Restructuring charges incurred		212
Severance costs paid		(2,037	)
Other charges		(65	)

Accrual balance as of April 30, 2015	$	131

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References + Details