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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Cash flows from operating activities:      
Net income/(loss) $ 97,023 $ 92,559 $ (111,194)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Impairment of goodwill and intangible assets 0 0 155,919
Non-cash corporate initiatives 0 (926) 3,722
Gain on sale of a non-operating asset 0 0 (1,317)
Depreciation and amortization 10,809 12,463 14,112
Transactional gains (18) (808) (836)
Provision for inventories and accounts receivable 4,091 4,795 3,786
Deferred income taxes (712) (208) (18,292)
Stock-based compensation 5,726 4,952 5,089
Other 453 561 126
Changes in assets and liabilities:      
Trade receivables (3,445) (18,550) 2,424
Inventories (28,899) (15,436) 21,596
Other current assets (6,427) 2,054 2,261
Income taxes receivable 6,797 17,089 (21,037)
Accounts payable (13,740) 18,269 (7,811)
Accrued liabilities (1,127) 1,368 4,480
Accrued payroll and benefits (7,705) 7,263 11,344
Income taxes payable (4,104) 1,430 2,142
Other non-current assets (4,561) 3,258 1,323
Other non-current liabilities 180 681 573
Net cash provided by operating activities 54,341 130,814 68,410
Cash flows from investing activities:      
Capital expenditures (7,085) (5,656) (3,018)
Long-term investments (3,263) (1,967) 0
Proceeds from sale of a non-operating asset 0 0 1,317
Trademarks and other intangibles (202) (291) (164)
Net cash used in investing activities (10,550) (7,914) (1,865)
Cash flows from financing activities:      
Repayments of bank borrowings 0 (21,140) (64,465)
Proceeds from bank borrowings 0 0 30,879
Dividends paid (31,363) (21,973) 0
Stock repurchase (31,413) (22,599) 0
Purchase of incremental ownership of joint venture (1,886) 0 0
Distribution of noncontrolling interest earnings (1,056) (1,230) 0
Contributions from noncontrolling interest 0 298 0
Stock awards and options exercised and other changes 489 324 (497)
Debt issuance cost (85) (294) (300)
Net cash used in financing activities (65,314) (66,614) (34,383)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4,014) (2,993) 5,823
Net (decrease)/increase in cash, cash equivalents and restricted cash (25,537) 53,293 37,985
Cash, cash equivalents and restricted cash at beginning of year 277,716 224,423 186,438
Cash, cash equivalents and restricted cash at end of year 252,179 277,716 224,423
Non-cash financing activities:      
Dividends declared but not paid 0 0 2,320
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 251,584 277,128 223,811
Restricted cash included in other non-current assets 595 588 612
Cash, cash equivalents, and restricted cash $ 252,179 $ 277,716 $ 224,423