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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Cash flows from operating activities:    
Net income $ (1,873) $ (11,372)
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Provision for (recovery of) doubtful accounts 134 (34)
Deferred income taxes 75 659
Depreciation and amortization 1,505 1,868
Stock based and restricted stock compensation 1,491 1,667
(Gain) loss on disposal of property and equipment (6) 39
Equity in (earnings) loss of equity investment 411 79
(Increase) decrease in operating assets:    
Accounts receivable (2,278) 6,732
Inventories (9,710) (4,413)
Prepaid VAT and other taxes (260) (333)
Other current assets 1,478 271
Increase (decrease) in operating liabilities:    
Accounts payable 36 (1,533)
Accrued expenses and other liabilities 69 (3,178)
Operating lease liabilities (269) (411)
Net cash (used in) provided by operating activities (5,451) 12,785
Cash flows from investing activities:    
Purchases of property and equipment (1,985) (801)
Acquisition, net of cash acquired 9,722 0
Investments 3,061 2,783
Net cash used in investing activities (14,768) (3,584)
Cash flows from financing activities    
Short term borrowings 405 0
Purchase of Treasury Stock under stock repurchase program 5,439 9,183
Shares returned to pay employee taxes under restricted stock program 842 622
Net cash used in financing activities (5,876) (9,805)
Effect of exchange rate changes on cash and cash equivalents (1,985) 727
Net (decrease) increase in cash and cash equivalents (28,080) 123
Cash and cash equivalents at beginning of year 52,719 52,596
Cash and cash equivalents at end of year 24,639 52,719
Cash paid for interest 37 15
Cash paid for taxes 3,151 5,315
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 1,148 $ 3,368