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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Cash flows from operating activities:    
Net income $ 7,199,000 $ 17,973,000
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for doubtful accounts 21,000 262,000
Deferred income taxes 777,000 1,309,000
Depreciation and amortization 1,040,000 934,000
Stock based and restricted stock compensation 608,000 409,000
Loss on disposal of property and equipment 30,000 9,000
(Increase) decrease in operating assets    
Accounts receivable 6,500,000 (2,843,000)
Inventories (3,153,000) 1,178,000
Prepaid VAT and other taxes (1,237,000) 7,000
Other assets 566,000 (1,814,000)
Increase (decrease) in operating liabilities    
Accounts payable 2,655,000 3,330,000
Accrued expenses and other liabilities (1,795,000) 2,083,000
Operating lease liabilities (99,000) (506,000)
Net cash provided by operating activities 13,112,000 22,331,000
Cash flows from investing activities:    
Purchases of property and equipment (452,000) (740,000)
Net cash (used in) investing activities: (452,000) (740,000)
Cash flows from financing activities:    
Loan repayments, short-term 0 (1,319,000)
Loan borrowings, short-term 0 158,000
Purchase of treasury stock under stock repurchase program (4,994,000) 0
Shares returned to pay employee taxes under restricted stock program (462,000) (55,000)
Net cash (used in) financing activities (5,456,000) (1,216,000)
Effect of exchange rate changes on cash and cash equivalents 39,000 (36,000)
Net increase in cash and cash equivalents 7,243,000 20,339,000
Cash and cash equivalents at beginning of period 52,596,000 14,606,000
Cash and cash equivalents at end of period 59,839,000 34,945,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 5,000 19,000
Cash paid for taxes 2,803,000 1,726,000
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 256,000 $ 289,000