9. OTHER ASSETS

Other assets as of January 31, 2011 and 2010 consist of:


	January 31,
	2011		2010
	(In thousands)
Severance pay fund ⁽¹⁾	$	44,674	$	47,759
Deposits		12,711		10,936
Deferred financing costs, net		9,725		8,474
Capitalized software costs, net of accumulated amortization of $56,294 and $54,069, respectively		6,787		8,530
Long-term tax receivable		18,898		18,673
Long-term restricted cash		8,406		18,572
Other		6,663		6,476

	$	107,864	$	119,420

(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,
	2011			2010
	(In thousands)
Capitalized software costs, net, beginning of year	$	8,530		$	10,489
Software costs capitalized during the year		2,527			2,715
Amortization of software costs		(4,236	)		(4,717	)
Effect of changes in foreign currencies		(34	)		43

Capitalized software costs, net, end of year	$	6,787		$	8,530