XML 47 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
BUSINESS COMBINATIONS (Tables)
 9 Months Ended
Oct. 31, 2014
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table sets forth the components and the allocations of the purchase prices for our acquisitions of KANA and UTX, including adjustments identified subsequent to the respective acquisition dates:
(in thousands)
 
KANA
 
UTX
Components of Purchase Prices:
 
 

 
 
Cash, including post-closing adjustments
 
$
541,685

 
$
82,901

Fair value of contingent consideration
 
—

 
1,347

Total purchase prices
 
$
541,685

 
$
84,248

 
 
 
 
 
Allocation of Purchase Prices:
 
 

 
 
Net tangible assets (liabilities):
 
 

 
 
Accounts receivable
 
$
18,473

 
$
—

Other current assets, including cash acquired
 
48,948

 
3,873

Other assets
 
12,124

 
924

Current and other liabilities
 
(16,509
)
 
(263
)
Deferred revenue - current and long-term
 
(7,932
)
 
(340
)
Deferred income taxes - current and long-term
 
(63,184
)
 
(4,882
)
Net tangible liabilities
 
(8,080
)
 
(688
)
Identifiable intangible assets:
 
 

 
 
Customer relationships
 
152,700

 
2,000

Developed technology
 
55,500

 
37,400

Trademarks and trade names
 
11,500

 
—

Other intangible assets
 
—

 
1,100

Total identifiable intangible assets
 
219,700

 
40,500

Goodwill
 
330,065

 
44,436

Total purchase price allocations
 
$
541,685

 
$
84,248
Business Acquisition, Pro Forma Information
The unaudited pro forma results do not include any operating efficiencies or potential cost savings which may result from these business combinations. Accordingly, such unaudited pro forma amounts are not necessarily indicative of the results that actually would have occurred had the acquisitions been completed on February 1, 2013, nor are they indicative of future operating results.
 
 
Three Months Ended
October 31,
 
Nine Months Ended
October 31,
(in thousands, except per share amounts) 
 
2014
 
2013
 
2014
 
2013
Revenue
 
$
288,279

 
$
256,879

 
$
842,784

 
$
737,706

Net income
 
$
17,650

 
$
15,826

 
$
15,419

 
$
37,146

Net income attributable to Verint Systems Inc.
 
$
16,847

 
$
14,259

 
$
11,855

 
$
33,394

Net income per common share attributable to Verint Systems Inc.:
 
 
 
 
 
 
 
 
Basic
 
$
0.28

 
$
0.27

 
$
0.21

 
$
0.63

Diluted
 
$
0.27

 
$
0.26

 
$
0.20

 
$
0.62