XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Cash flows from operating activities:    
Net income $ 9,991 $ 27,237
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for doubtful accounts 86 315
Deferred income taxes 790 3,194
Depreciation and amortization 1,470 1,425
Stock based and restricted stock compensation 1,025 1,245
Loss on disposal of property and equipment 51 5
Non-cash operating lease expense 229 267
(Increase) decrease in operating assets    
Accounts receivable 4,792 (9,249)
Inventories (3,234) (808)
Prepaid VAT and other taxes (979) (10)
Other assets 1,020 (484)
Increase (decrease) in operating liabilities    
Accounts payable (965) 810
Accrued expenses and other liabilities (1,052) 4,365
Operating lease liabilities (461) (286)
Net cash provided by operating activities 12,591 28,026
Cash flows from investing activities:    
Purchases of property and equipment (581) (1,325)
Investments (2,783)  
Net cash (used in) investing activities: (3,364) (1,325)
Cash flows from financing activities:    
Loan repayments, short-term   (1,319)
Loan borrowings, short-term   158
Purchase of treasury stock under stock repurchase program (5,887)  
Shares returned to pay employee taxes under restricted stock program (622) (79)
Net cash (used in) financing activities (6,509) (1,240)
Effect of exchange rate changes on cash and cash equivalents 219 119
Net increase in cash and cash equivalents 2,937 25,580
Cash and cash equivalents at beginning of period 52,596 14,606
Cash and cash equivalents at end of period 55,533 40,186
Supplemental disclosure of cash flow information:    
Cash paid for interest 7 22
Cash paid for taxes 4,217 2,376
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 3,238 $ 870