GOODWILL

The change in the carrying amount of goodwill in the Company’s reportable segment for the nine months ended October 31, 2012 is as follows:



	Verint
	(In thousands)
For the Nine Months Ended October 31, 2012
Goodwill, gross, at January 31, 2012⁽¹⁾	$	894,155
Accumulated impairment losses at January 31, 2012	—
Goodwill, net, at January 31, 2012	894,155
Effect of changes in foreign currencies and other	2,813
Goodwill, net, at October 31, 2012	$	896,968
Balance at October 31, 2012
Goodwill, gross, at October 31, 2012	896,968
Accumulated impairment losses at October 31, 2012	—
Goodwill, net, at October 31, 2012	$	896,968

(1)

Goodwill balances as of January 31, 2012 have been retrospectively adjusted to reflect measurement period adjustments to the purchase price allocations for several business combinations completed during the fiscal year ended January 31, 2012. These adjustments were identified during the three months ended April 30, 2012, and resulted from new information obtained about facts and circumstances that existed as of the respective acquisition dates. These adjustments reduced goodwill by $2.9 million in the Verint segment (see Note 5, Business Combinations).

The Company tests goodwill for impairment annually as of November 1 or more frequently if events or circumstances indicate the potential for an impairment exists. No events or circumstances indicating the potential for goodwill impairment were identified during either the nine months ended October 31, 2012 or the nine months ended October 31, 2011.