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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Cash flows from operating activities:    
Net income $ 35,106,000 $ 3,281,000
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for (recovery of) doubtful accounts 203,000 63,000
Deferred income taxes 3,103,000 1,328,000
Depreciation and amortization 1,965,000 1,645,000
Stock based and restricted stock compensation 1,727,000 (403,000)
Loss on disposal of property and equipment 7,000 19,000
Non-cash operating lease expense 102,000 957,000
(Increase) decrease in operating assets:    
Accounts receivable (3,980,000) (1,414,000)
Inventories 547,000 (2,156,000)
Prepaid VAT and other taxes (115,000) 250,000
Other current assets (1,698,000) 102,000
Increase (decrease) in operating liabilities:    
Accounts payable 191,000 1,090,000
Accrued expenses and other liabilities 3,580,000 (220,000)
Operating lease liabilities 132,000 (952,000)
Net cash provided by operating activities 40,666,000 3,590,000
Cash flows from investing activities:    
Purchases of property and equipment (1,662,000) (1,033,000)
Net cash used in investing activities (1,662,000) (1,033,000)
Cash flows from financing activities    
Loan repayments, short-term (1,161,000) (158,000)
Purchase of Treasury Stock under stock repurchase program 0 (506,000)
Shares returned to pay employee taxes under restricted stock program (116,000) (24,000)
Net cash used in financing activities (1,277,000) (688,000)
Effect of exchange rate changes on cash and cash equivalents 263,000 (94,000)
Net increase in cash and cash equivalents 37,990,000 1,775,000
Cash and cash equivalents at beginning of year 14,606,000 12,831,000
Cash and cash equivalents at end of year 52,596,000 14,606,000
Cash paid for interest 23,000 116,000
Cash paid for taxes 3,561,000 1,700,000
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 343,000 $ 3,180,000