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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2022
Jan. 31, 2022
Current Assets:    
Cash and cash equivalents $ 256,502 $ 358,805
Short-term investments 718 765
Accounts receivable, net of allowance for credit losses of $1.4 million and $1.3 million, respectively 148,472 193,831
Contract assets, net 43,092 42,688
Inventories 6,557 5,337
Prepaid expenses and other current assets 70,380 53,752
Total current assets 525,721 655,178
Property and equipment, net 57,514 64,090
Operating lease right-of-use assets 31,202 35,433
Goodwill 1,315,109 1,353,421
Intangible assets, net 93,370 118,254
Other assets 144,374 134,729
Total assets 2,167,290 2,361,105
Current Liabilities:    
Accounts payable 44,573 39,501
Accrued expenses and other current liabilities 126,603 168,694
Contract liabilities 229,317 271,271
Total current liabilities 400,493 479,466
Long-term debt 407,816 406,954
Long-term contract liabilities 14,225 15,872
Operating lease liabilities 28,056 28,457
Other liabilities 42,024 39,456
Total liabilities 892,614 970,205
Commitments and Contingencies
Temporary Equity:    
Preferred Stock 436,321 436,321
Stockholders' Equity:    
Common stock — $0.001 par value; authorized 240,000,000 and 120,000,000 shares; issued 65,208,000 and 66,211,000 shares; outstanding 65,208,000 and 66,211,000 shares at July 31, 2022 and January 31, 2022, respectively. 65 66
Additional paid-in capital 1,054,873 1,125,152
Accumulated deficit (56,635) (54,509)
Accumulated other comprehensive loss (162,307) (118,515)
Total Verint Systems Inc. stockholders' equity 835,996 952,194
Noncontrolling interest 2,359 2,385
Total stockholders' equity 838,355 954,579
Total liabilities, temporary equity, and stockholders' equity 2,167,290 2,361,105
Series A Preferred Stock    
Temporary Equity:    
Preferred Stock 200,628 200,628
Series B Preferred Stock    
Temporary Equity:    
Preferred Stock $ 235,693 $ 235,693