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  "documentTitle": "Verint Systems, Inc. (VRNT)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-05-23 00:00:00",
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      "kind": "callout",
      "text": "Why should investors include it as a component of liquidity when management won't even represent it as a component of restricted cash, to say nothing of unrestricted cash?",
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      "text": "VRNT FY19 10-K",
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      "text": "Management doesn't even include (B) \"Long-Term Restricted Cash, Cash Equivalents, Time Deposits, and Investments\" from the previous slide under the cash section of its balance sheet, nor in the restricted cash reconciliation section of its cash flow statement. Rather, it includes this item under \"Other Assets\" (see page 99 of the FY19 10-K to confirm). Why should investors include it as a component of liquidity when management won't even represent it as a component of restricted cash, to say nothing of unrestricted cash?",
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      "text": "Table of Reconciliation from Gross Debt to Net Debt",
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      "text": "Other assets consisted of the following as of January 31, 2019 and 2018",
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      "text": "\"Other Assets\" Should Not Be Included In Calculations Of Liquidity",
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