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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Cash flows from operating activities:    
Net income $ 4,641,000 $ 8,634,000
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for doubtful accounts 173,000 150,000
Deferred income taxes (75,000) 2,314,000
Depreciation and amortization 499,000 453,000
Stock based and restricted stock compensation 336,000 163,000
Gain on disposal of property and equipment 17,000 7,000
Non-cash operating lease expense 117,000 214,000
(Increase) decrease in operating assets    
Accounts receivable 2,328,000 (7,589,000)
Inventories (57,000) 6,656,000
Prepaid VAT and other taxes (959,000) (288,000)
Other current assets 634,000 (1,199,000)
Increase (decrease) in operating liabilities    
Accounts payable (128,000) (1,008,000)
Accrued expenses and other liabilities 1,007,000 2,017,000
Operating lease liabilities (214,000) (271,000)
Net cash provided by operating activities 8,318,000 10,253,000
Cash flows from investing activities:    
Purchases of property and equipment (135,000) (194,000)
Cash flows from financing activities:    
Loan repayments, short-term 0 (1,181,000)
Loan borrowings, short-term 0 158,000
Shares returned to pay employee taxes under restricted stock program (461,000) (20,000)
Net cash (used in) financing activities (461,000) (1,043,000)
Effect of exchange rate changes on cash and cash equivalents 3,000 (149,000)
Net increase in cash and cash equivalents 7,726,000 8,867,000
Cash and cash equivalents at beginning of period 52,596,000 14,606,000
Cash and cash equivalents at end of period 60,322,000 23,473,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,000 17,000
Cash paid for taxes 1,152,000 861,000
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 268,000 $ 215,000