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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Cash flows from operating activities:    
Net income $ 930 $ 2,885
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Provision for of doubtful accounts 25 35
Deferred income taxes 302 304
Depreciation and amortization 836 428
Stock based and restricted stock compensation (251) 302
Loss on disposal of property and equipment 0 5
Non-cash operating lease expense 527 0
(Increase) decrease in operating assets    
Accounts receivable (1,615) 228
Inventories (7,171) (3,772)
Prepaid VAT tax 355 (641)
Other current assets (146) (809)
Increase in operating liabilities    
Accounts payable 2,110 2,144
Accrued expenses and other liabilities 797 (433)
Operating lease liabilities (527) 0
Net cash provided by (used in) operating activities (3,828) 676
Cash flows from investing activities:    
Purchases of property and equipment (585) (1,220)
Cash flows from financing activities:    
Net borrowing under revolving credit facility 332 0
Loan repayments, short-term 0 (153)
Loan borrowings, short-term 0 208
Loan repayments, long-term (79) (79)
UK borrowings (repayments) under line of credit facility, net 544 (175)
Purchase of Treasury Stock under stock repurchase program (97) 0
Net cash provided by (used in) financing activities 700 (199)
Effect of exchange rate changes on cash and cash equivalents (62) (112)
Net decrease in cash and cash equivalents (3,775) (855)
Cash and cash equivalents at beginning of period 12,831 15,788
Cash and cash equivalents at end of period 9,056 14,933
Supplemental disclosure of cash flow information:    
Cash paid for interest 72 68
Cash paid for taxes 931 806
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 3,095 $ 0