NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO VERINT SYSTEMS INC. (Tables)

3 Months Ended

Apr. 30, 2024

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Common Share Attributable To Verint Systems Inc.

The following table summarizes the calculation of basic and diluted net income (loss) per common share attributable to Verint Systems Inc. for the three months ended April 30, 2024 and 2023:

	Three Months Ended April 30,
(in thousands, except per share amounts)	2024		2023
Net income	$	15,379	$	3,634
Net income attributable to noncontrolling interests	138		339
Net income attributable to Verint Systems Inc.	15,241		3,295
Dividends on preferred stock	(5,200)		(5,200)
Net income (loss) attributable to Verint Systems Inc. for basic net loss per common share	10,041		(1,905)
Dilutive effect of dividends on preferred stock	—		—
Net income (loss) attributable to Verint Systems Inc. for diluted net income (loss) per common share	$	10,041	$	(1,905)
Weighted-average shares outstanding:
Basic	62,335		64,940

	Three Months Ended April 30,
(in thousands, except per share amounts)	2024		2023
Dilutive effect of employee equity award plans	510		—
Dilutive effect of 2021 Notes	—		—
Dilutive effect of assumed conversion of preferred stock	—		—
Diluted	62,845		64,940
Net income (loss) per common share attributable to Verint Systems Inc.:
Basic	$	0.16	$	(0.03)
Diluted	$	0.16	$	(0.03)

Schedule of Anti-dilutive Securities

We excluded the following weighted-average potential common shares from the calculations of diluted net income (loss) per common share during the applicable periods because their inclusion would have been anti-dilutive:

	Three Months Ended April 30,
(in thousands)	2024	2023
Common shares excluded from calculation:
Restricted and performance stock-based awards	1,733	2,080
Series A Preferred Stock	5,498	5,498
Series B Preferred Stock	3,980	3,980