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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Operating activities    
Net income $ 3,335 $ 6,692
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,895 4,350
Non-cash lease expense 645 258
Provision for doubtful accounts 60 60
(Gain) loss on sale of property, plant and equipment (7) 3
Deferred income taxes 184 3,511
Stock-based compensation 759 686
Defined pension plan settlement 0 0
Amortization of net actuarial loss for pension plans 1,395 528
Changes in operating assets and liabilities:    
Trade accounts receivable (5,177) (4,504)
Other receivables 0 (15)
Inventories 6,457 4,382
Income taxes (23) (124)
Prepaid expenses and other current assets 388 265
Accounts payable and accrued liabilities 741 (5,869)
Net cash provided by operating activities 12,652 10,223
Investing activities:    
Capital expenditures (1,900) (2,963)
Proceeds from sale of property, plant and equipment 82 0
Net cash used in investing activities (1,818) (2,963)
Financing activities:    
Borrowing from long-term debt 23,885 30,923
Repayment of long-term debt (34,512) (37,980)
Payment on deferred financing costs 0 0
Tax withholding payments on share-based compensation (155) (244)
Cash dividends paid 0 0
Net cash used in financing activities (10,782) (7,301)
Net increase (decrease) in cash 52 (41)
Cash at beginning of period 1,150 738
Cash at end of period $ 1,202 $ 697