XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net income $ 259 $ 7,970
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Provision for doubtful accounts 63 21
Deferred income taxes (1,783) 537
Depreciation and amortization 779 1,040
Stock based and restricted stock compensation 790 608
(Gain) loss on disposal of property and equipment (4) 30
Equity in loss of equity investment 129 0
(Increase) decrease in operating assets    
Accounts receivable (1,266) 6,500
Inventories (9,531) (3,420)
Prepaid VAT and other taxes (48) (1,237)
Other assets (1,062) 566
Increase (decrease) in operating liabilities    
Accounts payable 3,013 2,655
Accrued expenses and other liabilities 517 (2,059)
Operating lease liabilities 4 (99)
Net cash (used in) provided by operating activities (4,574) 13,112
Cash flows from investing activities:    
Purchases of property and equipment (449) (452)
Investments (1,891) 0
Net cash (used in) investing activities: (2,340) (452)
Cash flows from financing activities:    
Purchase of treasury stock under stock repurchase program (3,126) (4,994)
Shares returned to pay employee taxes under restricted stock program (805) (462)
Net cash (used in) financing activities (3,931) (5,456)
Effect of exchange rate changes on cash and cash equivalents (663) 39
Net increase (decrease) in cash and cash equivalents (11,508) 7,243
Cash and cash equivalents at beginning of period 52,719 52,596
Cash and cash equivalents at end of period 41,211 59,839
Supplemental disclosure of cash flow information:    
Cash paid for interest 22 5
Cash paid for taxes 1,872 2,803
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 0 $ 256