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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Operating activities    
Net income $ 21,910 $ 16,547
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,097 4,542
Amortization of debt issuance costs 115 122
Non-cash lease income (694) (543)
Provision for doubtful accounts 0 56
(Gain) loss on sale of property, plant and equipment 4 (2)
Deferred income taxes 800 (8,711)
Stock-based compensation 595 612
Defined benefit plan, recognized net loss due to settlements 375 70
Amortization of net actuarial (gain) loss for pension plans (4) 437
Decrease in non cash surrender value of life insurance policies (14) (78)
Non cash gain on investment (1,050) (194)
Surrender of life insurance policies (634) 0
Changes in operating assets and liabilities:    
Trade accounts receivable (4,726) (720)
Other receivables 48 50
Inventories 9,035 (20,033)
Income taxes 213 141
Prepaid expenses and other current assets (94) (106)
Accounts payable and accrued liabilities (4,016) 4,022
Net cash provided by (used in) operating activities 26,960 (3,788)
Investing activities    
Purchases of property, plant and equipment (5,248) (3,332)
Purchases of marketable securities in trust accounts 0 (7,280)
Proceeds from sale of marketable securities in trust accounts 0 4,536
Proceeds for surrendering life insurance policies 489 2,744
Net cash used in investing activities (4,759) (3,332)
Financing activities    
Proceeds from long-term debt 42,036 49,579
Repayment of long-term debt (59,396) (42,348)
Tax withholding payments on share-based compensation (110) (213)
Payment on deferred financing costs (175) (200)
Cash dividend paid (327) 0
Net cash (used in) provided by financing activities (17,972) 6,818
Net increase (decrease) in cash 4,229 (302)
Cash at beginning of year 1,057 1,359
Cash at end of year 5,286 1,057
Cash paid during the year for:    
Interest 2,679 1,979
Income tax 6,316 67
Property, plant and equipment acquired and not yet paid at end of year $ 493 $ 634