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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Cash flows from operating activities:    
Net income $ 73,702 $ 60,947
Adjustments to reconcile net (loss)/income to net cash used in operating activities:    
Depreciation and amortization 8,218 9,401
Transactional (gains)/losses (180) (277)
Provision for inventories and accounts receivable 4,150 3,557
Deferred income taxes (993) 909
Stock-based compensation 4,246 3,965
Other 190 234
Changes in assets and liabilities:    
Trade receivables (49,967) (62,393)
Inventories (66,150) (23,755)
Other current assets (2,712) 4,962
Accounts payable (3,470) 2,033
Accrued liabilities 19,582 22,581
Accrued payroll and benefits (9,190) 1,866
Income taxes receivable 9,494 17,216
Income taxes payable (6,444) (3,479)
Other non-current assets (4,599) 637
Other non-current liabilities 474 290
Net cash (used in)/provided by operating activities (23,649) 38,694
Cash flows from investing activities:    
Capital expenditures (4,703) (3,637)
Long-term investments (2,716) (1,100)
Trademarks and other intangibles (175) (193)
Net cash used in investing activities (7,594) (4,930)
Cash flows from financing activities:    
Repayment of bank borrowings 0 (21,140)
Dividends paid (23,600) (16,226)
Stock repurchase (28,150) (17,023)
Stock awards and options exercised and other changes (80) 496
Other (85) (99)
Net cash used in financing activities (51,915) (53,992)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (7,349) (1,786)
Net decrease in cash, cash equivalents and restricted cash (90,507) (22,014)
Cash, cash equivalents, and restricted cash at beginning of year 277,716 224,423
Cash, cash equivalents, and restricted cash at end of period 187,209 202,409
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 186,665 201,814
Restricted cash included in other non-current assets 544 595
Cash, cash equivalents, and restricted cash at end of period $ 187,209 $ 202,409