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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Cash flows from operating activities:    
Net income $ 2,076 $ 3,386
Adjustments to reconcile net income to net cash used in operating activities    
Provision for of doubtful accounts 168 76
Deferred income taxes 667 352
Depreciation and amortization 1,267 642
Stock based and restricted stock compensation (583) 491
Loss on disposal of property and equipment (2) 14
Non-cash operating lease expense 797 0
(Increase) decrease in operating assets    
Accounts receivable (1,257) (2,655)
Inventories (5,584) (4,121)
Prepaid VAT and other taxes 162 148
Other current assets (355) (1,284)
Increase (decrease) in operating liabilities    
Accounts payable 67 1,019
Accrued expenses and other liabilities 517 265
Operating lease liabilities (783) 0
Net cash used in operating activities (2,843) (1,667)
Cash flows used in investing activities:    
Purchases of property and equipment (689) (2,227)
Cash flows from financing activities:    
Loan repayments, short-term (124) (207)
Loan borrowings, short-term 0 208
Loan repayments, long-term 0 (118)
UK borrowings (repayments) under line of credit facility, net 491 (11)
Purchase of Treasury Stock under stock repurchase program (97) 0
Shares returned to pay employee taxes under restricted stock program (5) 0
Net cash provided by (used in) financing activities 265 (128)
Effect of exchange rate changes on cash and cash equivalents (91) (106)
Net decrease in cash and cash equivalents (3,358) (4,128)
Cash and cash equivalents at beginning of period 12,831 15,788
Cash and cash equivalents at end of period 9,473 11,660
Supplemental disclosure of cash flow information:    
Cash paid for interest 98 93
Cash paid for taxes 1,202 1,326
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 3,218 $ 0