XML 25 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Cash flows from operating activities    
Net income $ 1,045 $ 1,627
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 3,376 2,557
Equity based compensation 2,039 1,534
Tax benefit from exercise/vesting of equity awards 593  
Deferred financing charges 304 498
Equity in loss of joint venture 475  
Changes in operating assets and liabilities:    
Accounts receivable, net (33,200) (46,206)
Inventories (117,392) (103,666)
Income taxes, net (3,348) (9,511)
Prepaid expenses and other current assets (11,540) (7,376)
Other assets, net (153) (1,091)
Accounts payable, accrued expenses and other liabilities 22,356 49,915
Net cash used in operating activities (135,445) (111,719)
Cash flows from investing activities    
Investment in equity of joint venture (2,500)  
Capital expenditures (8,016) (10,696)
Net cash used in investing activities (10,516) (10,696)
Cash flows from financing activities    
Proceeds from notes payable, net 141,974 77,411
Proceeds from exercise of equity awards 493 1,161
Excess tax benefit from exercise/vesting of equity awards 2,049 3,182
Net cash provided by financing activities 144,516 81,754
Effect of exchange rate changes (34) (5)
Net decrease in cash and cash equivalents (1,479) (40,666)
Cash and cash equivalents at beginning of period 10,045 46,813
Cash and cash equivalents at end of period 8,566 6,147
Cash paid during the period for:    
Interest 1,191 1,304
Income taxes $ 1,332 $ 7,404