Property and Equipment, Net

12 Months Ended

Jan. 31, 2011

5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net as of January 31, 2011 and 2010 consist of:


	January 31,
	2011			2010
	(In thousands)
Land	$	3,861		$	29,255

Fixtures and equipment		297,840			303,541
Software		44,378			41,194
Buildings		2,204			2,250
Leasehold improvements		30,244			28,034

		374,666			375,019
Less accumulated depreciation and amortization		(311,684	)		(304,733	)

	$	62,982		$	70,286

Total	$	66,843		$	99,541

Depreciation and amortization expense of property and equipment was $32.5 million, $42.3 million and $48.7 million for the fiscal years ended January 31, 2011, 2010 and 2009, respectively. The Company also wrote off property and equipment, net of $1.3 million, $6.4 million and $4.6 million during the fiscal years ended January 31, 2011, 2010 and 2009, respectively.

On September 16, 2010, Comverse Ltd., an Israeli company and a wholly-owned subsidiary of Comverse, Inc., entered into an agreement for the sale of land in Ra'anana, Israel to a third party for approximately $28.5 million. Approximately $27.1 million of such proceeds have been received, with the balance being held in escrow to cover, to extent necessary, any applicable taxes and levies. The Company recorded a net gain of $2.4 million on the sale of this land.