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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash flows from operating activities:    
Net income $ 277 $ 3,785
Adjustments to reconcile net income to net cash provided by operating activities    
Deferred income taxes (355) (293)
Depreciation and amortization 1,792 1,122
Stock based and restricted stock compensation 627 445
Equity in (earnings) loss of equity investment 245 275
Revaluation of earnout consideration (711) (1,178)
(Increase) decrease in operating assets    
Accounts receivable 475 (208)
Inventories (4,265) 565
Prepaid VAT and other taxes 735 (562)
Other current assets (5,751) (1,683)
Increase (decrease) in operating liabilities    
Accounts payable 7,063 1,499
Accrued expenses and other liabilities (4,251) 114
Operating lease liabilities 66 23
Net cash provided by operating activities (4,053) 3,904
Cash flows from investing activities:    
Purchases of property and equipment (842) (1,092)
Acquisitions, net of cash acquired (22,950) 0
Investments 0 (620)
Investments in convertible debt instruments (639) 0
Net cash (used in) investing activities: (24,431) (1,712)
Cash flows from financing activities:    
Credit facility borrowings 28,300 0
Term loan borrowings 2,912 0
Payments on debt facilities (3,418) (405)
Purchase of treasury stock under stock repurchase program 0 (333)
Dividends paid (442) (466)
Shares returned to pay employee taxes under restricted stock program (304) (409)
Net cash provided by (used in) financing activities 27,048 (1,613)
Effect of exchange rate changes on cash and cash equivalents 1,094 (912)
Net increase (decrease) in cash and cash equivalents (342) (333)
Cash and cash equivalents at beginning of period 25,222 24,639
Cash and cash equivalents at end of period 24,880 24,306
Supplemental disclosure of cash flow information:    
Cash paid for interest 542 9
Cash paid for taxes 1,972 1,266
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 1,750 $ 4,099