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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Cash flows from operating activities:    
Net income $ 2,946 $ 5,383
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Provision for (recovery of) inventory obsolescence (5) 65
Recovery of doubtful accounts (41) (15)
Deferred income taxes 153 1,620
Depreciation and amortization 963 704
Stock-based and restricted stock compensation 177 420
Loss on disposal of property and equipment 31 49
Interest expense resulting from Arbitration Award 0 (111)
Non-cash reclassification of other comprehensive income to statement of operations due to the disposal of Brazil 0 1,286
(Increase) decrease in operating assets:    
Accounts receivable 176 (1,543)
Inventories 4,283 (6,637)
Prepaid VAT and other taxes (374) 22
Other current assets (510) (727)
Increase (decrease) in operating liabilities:    
Accounts payable 477 (45)
Accrued expenses and other liabilities (145) 554
Arbitration award in Brazil 0 (3,759)
Net cash used by the sale of Brazil 80 (1,147)
Net cash provided by (used in) operating activities 8,211 (3,881)
Cash flows from investing activities:    
Proceeds from sale of property 0 451
Purchases of property and equipment (116) (715)
Net cash used in investing activities (116) (264)
Cash flows from financing activities:    
Net borrowings (repayments) under revolving credit facility (3,687) 2,749
Loan repayments, short-term (4,511) (2,143)
Loan borrowings, short-term 1,329 2,325
UK borrowings (repayments), net 243 (480)
Proceeds from exercise of stock options 41 41
Shares returned to pay employee taxes under restricted stock program (3) (717)
Net cash (used in) provided by financing activities (6,588) 1,775
Effect of exchange rate changes on cash and cash equivalents (76) (51)
Net increase (decrease) in cash and cash equivalents 1,431 (2,421)
Cash and cash equivalents at beginning of period 7,022 6,709
Cash and cash equivalents at end of period 8,453 4,288
Cash paid for interest 522 578
Cash paid for taxes $ 1,126 $ 1,377