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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Cash flows from operating activities:    
Net income $ 1,653 $ 1,320
Adjustments to reconcile net income to net cash provided by operating activities    
Deferred income taxes 77 (176)
Depreciation and amortization 647 533
Stock based and restricted stock compensation 198 407
Equity in (earnings) loss of equity investment 101 147
Revaluation of earnout consideration (711) (493)
(Increase) decrease in operating assets    
Accounts receivable (404) 955
Inventories 433 178
Prepaid VAT and other taxes 541 (614)
Other current assets (2,255) (1,644)
Increase (decrease) in operating liabilities    
Accounts payable 861 1,181
Accrued expenses and other liabilities (852) 1,854
Operating lease liabilities 4 22
Net cash provided by operating activities 293 3,670
Cash flows from investing activities:    
Purchases of property and equipment (466) (690)
Acquisitions, net of cash acquired (8,141) 0
Investments in convertible debt instruments (639) 0
Net cash (used in) investing activities: (9,246) (690)
Cash flows from financing activities:    
Credit facility borrowings 12,300 0
Payment on debt facilities (364) (290)
Purchase of treasury stock under stock repurchase program 0 (276)
Dividends paid (221) (246)
Shares returned to pay employee taxes under restricted stock program (129) (339)
Net cash provided by (used in) financing activities 11,586 (1,151)
Effect of exchange rate changes on cash and cash equivalents 510 (447)
Net increase (decrease) in cash and cash equivalents 3,143 1,382
Cash and cash equivalents at beginning of period 25,222 24,639
Cash and cash equivalents at end of period 28,365 26,021
Supplemental disclosure of cash flow information:    
Cash paid for interest 174 1
Cash paid for taxes 397 893
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 1,411 $ 91