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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities:    
Net income $ 3,785 $ 259
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Provision for (recovery of) doubtful accounts 139 63
Deferred income taxes (293) 1,783
Depreciation and amortization 1,122 779
Stock based and restricted stock compensation 445 790
(Gain) loss on disposal of property and equipment 0 (4)
Equity in loss of equity investment 275 129
Revaluation of earnout consideration (1,178) 0
(Increase) decrease in operating assets    
Accounts receivable (347) (1,266)
Inventories 565 (9,531)
Prepaid VAT and other taxes (562) (48)
Other assets (1,683) (1,062)
Increase (decrease) in operating liabilities    
Accounts payable 1,499 3,013
Accrued expenses and other liabilities 114 517
Operating lease liabilities 23 4
Net cash provided by (used in) operating activities 3,904 (4,574)
Cash flows from investing activities:    
Purchases of property and equipment (1,092) (449)
Investments (620) (1,891)
Net cash (used in) investing activities: (1,712) (2,340)
Cash flows from financing activities:    
Short-term borrowings (repayments) (405) 0
Purchase of treasury stock under stock repurchase program (333) (3,126)
Dividends paid (466) 0
Shares returned to pay employee taxes under restricted stock program (409) (805)
Net cash (used in) financing activities (1,613) (3,931)
Effect of exchange rate changes on cash and cash equivalents (912) (663)
Net (decrease) in cash and cash equivalents (333) (11,508)
Cash and cash equivalents at beginning of period 24,639 52,719
Cash and cash equivalents at end of period 24,306 41,211
Supplemental disclosure of cash flow information:    
Cash paid for interest 9 22
Cash paid for taxes 1,266 1,872
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 4,099 $ 0