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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
6 Months Ended
Jul. 31, 2016
Jul. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 37,419 $ 26,685
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Impairment loss 1,979  
Stock option compensation expense 1,270 1,057
Depreciation 918 258
Amortization of purchased intangibles 521 164
Other (213) (79)
Changes in operating assets and liabilities    
Accounts receivable 31,484 (5,774)
Prepaid expenses and other assets (993) (1,133)
Accounts payable and accrued expenses 24,029 (4,232)
Billings in excess of costs and estimated earnings, net 16,293 (46,032)
Net cash provided by (used in) operating activities 112,707 (29,086)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of short-term investments (220,000) (133,000)
Maturities of short-term investments 114,000 16,000
Purchases of property, plant and equipment, net (1,612) (2,503)
Purchase of APC, net of cash acquired   (4,210)
Increase in notes receivable   (605)
Net cash used in investing activities (107,612) (124,318)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to joint venture partners (7,500)  
Proceeds from the exercise of stock options 4,217 1,000
Excess income tax benefit on exercised stock options (Note 2)   356
Net cash (used in) provided by financing activities (3,283) 1,356
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 134 493
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,946 (151,555)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 160,909 333,691
CASH AND CASH EQUIVALENTS, END OF PERIOD 162,855 182,136
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes $ 13,939 $ 10,703
Common stock issued in connection with the acquisition of APC (noncash transaction, see Note 3)   3,536