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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Cash flows from operating activities:    
Net income including noncontrolling interests $ 3,337 $ 3,641
Adjustments to reconcile net income to net cash (used in) operating activities:    
Depreciation and amortization 2,901 2,981
Transactional losses / (gains) 111 (774)
Write-down of inventories 359 330
Deferred income taxes 69 283
Stock-based compensation 2,409 1,520
Excess tax shortfall / (benefit) from stock-based compensation 103 (42)
Operating efficiency initiatives and other items   2,670
Changes in assets and liabilities:    
Trade receivables (3,603) 685
Inventories (11,287) (14,205)
Other current assets (4,944) (3,959)
Accounts payable (360) (2,079)
Accrued liabilities (3,378) 4,044
Income taxes payable (5,595) (5,914)
Other non-current assets (3,351) (1,641)
Other non-current liabilities 2,248 1,286
Net cash (used in) operating activities (20,981) (11,174)
Cash flows from investing activities:    
Capital expenditures (538) (1,461)
Short-term investment (156)  
Restricted cash deposits (1,070)  
Trademarks and other intangibles (226) (94)
Net cash (used in) investing activities (1,990) (1,555)
Cash flows from financing activities:    
Proceeds from bank borrowings   25,000
Repayments of bank borrowings (5,000)  
Stock options exercised and other changes (1,204) (513)
Excess tax (shortfall) / benefit from stock-based compensation (103) 42
Dividends paid (2,983) (2,636)
Stock repurchase (943) (22,154)
Net cash (used in) financing activities (10,233) (261)
Effect of exchange rate changes on cash and cash equivalents 8,925 (1,034)
Net (decrease) in cash and cash equivalents (24,279) (14,024)
Cash and cash equivalents at beginning of period 228,188 199,852
Cash and cash equivalents at end of period $ 203,909 $ 185,828