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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net income $ 1,129 $ 5,002
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for (recovery of) doubtful accounts (30) 173
Deferred income taxes (424) (43)
Depreciation and amortization 425 499
Stock based and restricted stock compensation 407 336
Loss on disposal of property and equipment 27 17
Non-cash operating lease expense 0 117
Equity in loss of equity investment 27 0
(Increase) decrease in operating assets    
Accounts receivable 725 2,328
Inventories (2,222) (323)
Prepaid VAT and other taxes 23 (959)
Other assets (670) (634)
Increase (decrease) in operating liabilities    
Accounts payable 2,316 (128)
Accrued expenses and other liabilities 143 880
Operating lease liabilities 35 (214)
Net cash provided by operating activities 1,911 8,319
Cash flows from investing activities:    
Purchases of property and equipment 465 135
Investments 1,891 0
Net cash (used in) investing activities: (2,356) (135)
Cash flows from financing activities:    
Purchase of treasury stock under stock repurchase program (406) 0
Shares returned to pay employee taxes under restricted stock program 678 461
Net cash (used in) financing activities (1,084) (461)
Effect of exchange rate changes on cash and cash equivalents (336) 3
Net increase (decrease) in cash and cash equivalents (1,865) 7,726
Cash and cash equivalents at beginning of period 52,719 52,596
Cash and cash equivalents at end of period 50,854 60,322
Supplemental disclosure of cash flow information:    
Cash paid for interest 9 1
Cash paid for taxes 1,098 1,152
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 0 $ 268