10. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses as of January 31, 2011 and 2010 consist of:


	January 31,
	2011		2010
	(In thousands)
Accrued compensation and benefits	$	137,025	$	136,536
Accounts payable		105,220		135,436
Accrued legal, audit and professional fees		26,824		36,858
Accrued taxes-other than income taxes		51,229		47,350
Accrued commissions		29,520		33,971
Accrued outside services-contractors		13,354		16,414
Accrued project costs		2,931		4,849
Accrued workforce reduction and restructuring		5,813		5,123
Accrued travel and entertainment		4,532		6,477
Other accrued expenses ⁽¹⁾		25,492		27,666

	$	401,940	$	450,680

(1)	Includes liabilities related to the Company's 401(k) Plans.

Each of CTI, Comverse and Verint maintains a 401(k) plan for its full-time employees. These plans allow eligible employees to elect to contribute up to 60 percent of their annual compensation, subject to the prescribed maximum amount. The respective company matches employee contributions at a rate of 50 percent, limited to a maximum annual matched contribution of $2,000 per employee. Employee contributions are always fully vested. The respective company's matching contributions for each year vest on the last day of the calendar year providing the employee remains employed with the respective company on that day. During the fiscal years ended January 31, 2011, 2010 and 2009, the Company's matching contributions to the 401(k) plan amounted to $2.5 million, $2.5 million and $2.5 million, respectively.