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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Operating activities    
Net income $ 12,471 $ 1,176
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,390 3,431
Non-cash lease benefits (404) (294)
Provision for doubtful accounts 60 70
Amortization of debt issuance costs 96 0
Deferred income taxes 239 247
Stock-based compensation 509 759
Defined pension plan settlement 64 285
Amortization of net actuarial loss for pension plans 405 1,192
Non-cash unrealized loss on investment 85 0
Surrender of life insurance policies 0 (584)
Changes in operating assets and liabilities:    
Trade accounts receivable (10,319) (15,134)
Other receivables 16 (34)
Inventories (10,092) (2,213)
Income taxes 51 94
Prepaid expenses and other current assets 306 591
Accounts payable and accrued liabilities 4,578 11,234
Net cash provided by operating activities 1,455 820
Investing activities:    
Capital expenditures (2,614) (2,280)
Purchases of marketable securities in trust accounts (7,280) 0
Proceeds from sale of marketable securities in trust accounts 4,536 0
Proceeds for surrendering life insurance policies 2,744 483
Net cash used in investing activities (2,614) (1,797)
Financing activities:    
Borrowing from long-term debt 32,947 20,554
Repayment of long-term debt (30,559) (17,943)
Payment on deferred financing costs (200) (118)
Tax withholding payments on share-based compensation (213) (176)
Net cash provided by financing activities 1,975 2,317
Net increase in cash 816 1,340
Cash at beginning of period 1,359 402
Cash at end of period $ 2,175 $ 1,742