Other Assets

12 Months Ended

Jan. 31, 2012

Other Assets, Noncurrent Disclosure [Abstract]

Other Assets

OTHER ASSETS

Other assets as of January 31, 2012 and 2011 consist of:

	January 31,
	2012		2011
	(In thousands)
Severance pay fund (1)	$	35,510	$	44,674
Deposits	6,972		12,711
Deferred financing costs, net	14,060		9,725
Capitalized software costs, net of accumulated amortization of $59,840 and $56,294,     respectively	5,846		6,787
Long-term tax receivable	18,810		18,898
Long-term restricted cash	9,753		8,406
Long-term indemnification asset	4,689		—
Other	5,815		6,663
	$	101,455	$	107,864

(1) Represents deposits into insurance policies to fund severance liability (see Note 16, Other Long-Term Liabilities).

Capitalized Software Costs

Included in other assets are capitalized software costs, which represent costs incurred primarily to develop Verint’s commercial software products. The roll forward of net capitalized software costs is as follows:

	Fiscal Years Ended January 31,
	2012			2011
	(In thousands)
Capitalized software costs, net, beginning of year	$	6,787		$	8,530
Software costs capitalized during the year	3,399			2,527
Amortization of software costs	(4,135		)	(4,236		)
Effect of changes in foreign currencies and other	(205		)	(34		)
Capitalized software costs, net, end of year	$	5,846		$	6,787