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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Cash flows from operating activities:    
Net income $ 3 $ 1,229
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Provision for inventory obsolescence (219) 7
Provision for doubtful accounts (53) 90
Deferred income taxes current (153) 128
Deferred taxes long-term (87) 70
Depreciation and amortization 287 246
Stock based and restricted stock compensation 130 127
Loss on disposal of fixed assets 31 0
Interest expense resulting from Arbitration Award 0 16
(Increase) decrease in operating assets    
Accounts receivable 50 (1,630)
Inventories 2,425 (2,471)
Prepaid VAT taxes and other current assets (34) 501
Other current assets (1,169) (714)
Assets of discontinued operations 0 (672)
Increase (decrease) in operating liabilities    
Accounts payable 3,010 828
Accrued expenses and other liabilities (727) 77
Arbitration award in Brazil 0 (250)
Net cash used by the sales of Brazil (31) 0
Liabilities of discontinued operations 0 871
Net cash provided by (used in) operating activities 3,463 (1,547)
Cash flows from investing activities:    
Purchases of property and equipment (30) (307)
Cash flows from financing activities:    
Net borrowings under credit agreement (revolver) (177) 3,024
Canada loan repayments (6) (6)
Argentina borrowings 0 269
Argentina repayments (54) 0
UK borrowings, net 20 569
China borrowings 1,300 1,302
China repayments (1,275) (1,295)
Shares returned to pay employee taxes under restricted stock program (1) (41)
Net cash (used in) provided by financing activities (193) 3,822
Effect of exchange rate changes on cash 69 44
Net increase in cash and cash equivalents 3,309 2,012
Cash and cash equivalents at beginning of year 7,022 6,709
Cash and cash equivalents at end of year 10,331 8,721
Cash paid for interest 198 184
Cash paid for taxes $ 132 $ 604