XML 38 R26.htm IDEA: XBRL DOCUMENT v3.22.2.2
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO VERINT SYSTEMS INC. (Tables)
 6 Months Ended
Jul. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Income Per Common Share Attributable To Verint Systems Inc.
The following table summarizes the calculation of basic and diluted net loss per common share attributable to Verint Systems Inc. for the three and six months ended July 31, 2022 and 2021:

Three Months Ended
July 31,		Six Months Ended
July 31,
(in thousands, except per share amounts) 2022202120222021
Net (loss) income$(2,236)$5,316 $(1,662)$6,410 
Net income attributable to noncontrolling interests176 316 464 611 
Net (loss) income attributable to Verint Systems Inc.(2,412)5,000 (2,126)5,799 
Dividends on preferred stock(5,200)(5,200)(10,400)(8,522)
Net loss attributable to Verint Systems Inc. for basic net loss per common share (7,612)(200)(12,526)(2,723)
Dilutive effect of dividends on preferred stock— — — — 
Net loss attributable to Verint Systems Inc. for diluted net loss per common share$(7,612)$(200)$(12,526)$(2,723)
Weighted-average shares outstanding: 
Basic64,958 65,194 64,948 65,417 
Dilutive effect of employee equity award plans— — — — 
Dilutive effect of 2021 Notes— — — — 
Dilutive effect of 2014 Notes— — — — 
Three Months Ended
July 31,		Six Months Ended
July 31,
(in thousands, except per share amounts) 2022202120222021
Dilutive effect of warrants— — — — 
Dilutive effect of assumed conversion of preferred stock— — — — 
Diluted64,958 65,194 64,948 65,417 
Net loss per common share attributable to Verint Systems Inc.:
Basic$(0.12)$— $(0.19)$(0.04)
Diluted$(0.12)$— $(0.19)$(0.04)
Schedule of Anti-dilutive Securities
We excluded the following weighted-average potential common shares from the calculations of diluted net loss per common share during the applicable periods because their inclusion would have been anti-dilutive:

Three Months Ended
July 31,		Six Months Ended
July 31,
(in thousands) 2022202120222021
Common shares excluded from calculation:  
Stock options and restricted stock-based awards2,580 2,209 2,075 2,034 
2021 Notes— 5,074 — 3,196 
2014 Notes— 9,541 — 9,541 
Warrants— 9,865 — 9,865 
Series A Preferred Stock5,498 5,498 5,498 5,498 
Series B Preferred Stock3,980 3,980 3,980 2,573