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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Cash flows from operating activities:    
Net income $ 11,372 $ 35,330
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for (recovery of) doubtful accounts (34) 203
Deferred income taxes 659 2,909
Depreciation and amortization 1,868 1,965
Stock based and restricted stock compensation 1,667 1,727
Loss on disposal of property and equipment 39 7
Equity in (earnings) loss of equity investment 79 0
(Increase) decrease in operating assets:    
Accounts receivable 6,732 (3,980)
Inventories (4,413) 814
Prepaid VAT and other taxes (333) (115)
Other current assets 271 (1,698)
Increase (decrease) in operating liabilities:    
Accounts payable (1,533) 191
Accrued expenses and other liabilities (3,178) 3,283
Operating lease liabilities (411) 30
Net cash provided by operating activities 12,782 40,666
Cash flows from investing activities:    
Purchases of property and equipment (801) (1,662)
Investments (2,783)  
Net cash used in investing activities (3,584) (1,662)
Cash flows from financing activities    
Loan repayments, short-term 0 (1,161)
Purchase of Treasury Stock under stock repurchase program (9,183) 0
Shares returned to pay employee taxes under restricted stock program (622) (116)
Net cash used in financing activities (9,805) (1,277)
Effect of exchange rate changes on cash and cash equivalents 727 263
Net increase in cash and cash equivalents 123 37,990
Cash and cash equivalents at beginning of year 52,596 14,606
Cash and cash equivalents at end of year 52,719 52,596
Cash paid for interest 15 23
Cash paid for taxes 5,315 3,561
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 3,368 $ 437