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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Cash flows from operating activities    
Net income $ 113,987 $ 62,666
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 28,868 27,480
Loss on disposal of fixed assets 154 2,832
Dividend received from equity investment 1,470  
Equity loss in unconsolidated affiliates 1,421 540
Share-based compensation 14,876 15,362
Deferred financing charges and debt discount amortization 7,481 8,185
Changes in operating assets and liabilities:    
Accounts receivable, net (525,331) (336,818)
Inventories (63,312) (108,284)
Income taxes, net 20,507 29,573
Prepaid expenses and other current assets (33,958) 12,314
Other assets, net (4,569) 8,455
Customer refund liabilities 168,954  
Accounts payable, accrued expenses and other liabilities 33,345 32,103
Net cash used in operating activities (236,107) (245,592)
Cash flows from investing activities    
Capital expenditures (19,516) (21,428)
Investment in unconsolidated affiliate (9,951) (49)
Net cash used in investing activities (29,467) (21,477)
Cash flows from financing activities    
Repayment of borrowings - revolving facility (1,454,510) (1,242,194)
Proceeds from borrowings - revolving facility 1,752,106 1,500,721
Proceeds from exercise of equity awards 56 1,532
Taxes paid for net share settlements (4,843) (6,114)
Net cash provided by financing activities 292,809 253,945
Foreign currency translation adjustments (6,931) 1,396
Net increase (decrease) in cash and cash equivalents 20,304 (11,728)
Cash and cash equivalents at beginning of period 45,776 79,957
Cash and cash equivalents at end of period 66,080 68,229
Cash payments:    
Interest, net 26,071 24,664
Income tax payments, net $ 20,041 $ 4,564