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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:    
Net income $ 6,402 $ 1,690
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Provision for (recovery of) doubtful accounts (31) 92
Deferred income taxes (1,783) 1,788
Depreciation and amortization 1,609 1,370
Stock based and restricted stock compensation 747 1,141
(Gain) loss on disposal of property and equipment (1) (4)
Loss on equity investment 354 252
Revaluation of earnout consideration (2,689) 0
(Increase) decrease in operating assets    
Accounts receivable (963) (2,197)
Inventories 3,211 (10,257)
Prepaid VAT and other taxes (670) (106)
Other assets 285 (22)
Increase (decrease) in operating liabilities    
Accounts payable 141 613
Accrued expenses and other liabilities 235 499
Operating lease liabilities 886 (89)
Net cash provided by (used in) operating activities 7,733 (5,230)
Cash flows from investing activities:    
Purchases of property and equipment (1,505) (1,273)
Investments (1,510) (3,061)
Net cash (used in) investing activities: (3,015) (4,334)
Cash flows from financing activities:    
Short-term borrowings (repayments) (405) 0
Purchase of treasury stock under stock repurchase program (333) (5,440)
Dividends paid (687) 0
Shares returned to pay employee taxes under restricted stock program (420) (805)
Net cash (used in) financing activities (1,845) (6,245)
Effect of exchange rate changes on cash and cash equivalents (1,087) (1,961)
Net increase (decrease) in cash and cash equivalents 1,786 (17,770)
Cash and cash equivalents at beginning of period 24,639 52,719
Cash and cash equivalents at end of period 26,425 34,949
Supplemental disclosure of cash flow information:    
Cash paid for interest 22 25
Cash paid for taxes 1,745 2,614
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 4,099 $ 34