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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Operating activities    
Net income $ 27,374 $ 24,252
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,165 3,763
Non-cash lease expense (benefits) 302 (517)
Provision for credit losses 45 45
Amortization of debt issuance costs 81 85
Deferred income taxes 272 363
Stock-based compensation 333 423
Defined pension plan settlement 0 372
Amortization of net actuarial gain (loss) for pension plans (113) 3
Non-cash unrealized gain on investment (1,058) (448)
Surrender of life insurance policies (719) (95)
Changes in operating assets and liabilities:    
Trade accounts receivable (5,052) (14,639)
Other receivables (266) 41
Inventories 9,423 8,475
Income taxes 1,318 3,167
Prepaid expenses and other current assets (971) 133
Accounts payable and accrued liabilities 6,286 (3,150)
Net cash provided by operating activities 41,420 22,273
Investing activities:    
Purchases of property, plant and equipment (5,365) (4,605)
Purchases of marketable securities in trust accounts (1,285) 0
Proceeds from sale of fixed assets 4 0
Proceeds from sale of marketable securities in trust accounts 1,285 0
Proceeds from surrendering life insurance policies 719 0
Net cash used in investing activities (4,642) (4,605)
Financing activities:    
Borrowing from long-term debt 23,165 36,906
Repayment of long-term debt (23,350) (50,459)
Common stock repurchased (1,499) 0
Tax withholding payments on share-based compensation (412) (110)
Payment of deferred financing costs (50) (175)
Cash dividends paid (1,060) 0
Net cash used in financing activities (3,206) (13,838)
Net increase in cash 33,572 3,830
Cash at beginning of period 5,286 1,057
Cash at end of period 38,858 4,887
Supplemental disclosures of cash flow information:    
Property, plant and equipment acquired and not yet paid at end of period 350 178
Cash paid during the period for interest, net of interest income 506 2,223
Cash paid during the period for income taxes, net of refunds 7,291 4,156
Noncash investment in right-of-use assets in exchange for a lease liability $ 32,982 $ 0