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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Operating activities    
Net loss $ (5,845) $ (7,046)
Adjustments to reconcile net loss to net cash flows provided by operating activities    
Depreciation and amortization 2,830 2,903
Loss on consolidation of joint venture 1,620 0
Gain on disposal of subsidiaries (867) 0
Deferred tax (benefit) expense (277) 31
Stock-based compensation expense (benefit) 137 (26)
Income from joint venture 0 (116)
Cash surrender value on life insurance policies (132) (64)
Gain on disposal of fixed assets 2,364 0
Provision on uncollectible accounts 400 192
Changes in operating assets and liabilities    
Accounts receivable 16,277 (2,352)
Inventories 5,004 (5,267)
Costs and estimated earnings in excess of billings on uncompleted contracts (296) 2,325
Accounts payable (4,889) 8,250
Accrued compensation and payroll taxes (5,884) 4,642
Customers' deposits (1,824) 3,007
Income taxes receivable and payable (1,418) (1,115)
Prepaid expenses and other current assets (1,233) 1,178
Other assets and liabilities (758) (6,469)
Net cash provided by operating activities 481 73
Investing activities    
Acquisition of interest in subsidiary, net of cash acquired (4,672) 0
Capital expenditures (994) (4,997)
Proceeds from surrender of corporate-owned life insurance policies 1,894 0
Receipts on loan from joint venture 0 1,890
Proceeds from sales of property and equipment 11,930 0
Net cash provided by (used in) investing activities 8,158 (3,107)
Financing activities    
Proceeds from revolving lines 21,113 48,585
Proceeds from debt 6,147 668
Proceeds from borrowing against life insurance policies 0 1,916
Payments of debt on revolving lines of credit (29,835) (45,546)
Payments of other debt (10,044) (1,109)
Payments of borrowing against life insurance policies 0 (1,916)
(Decrease) increase in drafts payable (248) 359
Payments on capitalized lease obligations (1,204) (434)
Payments for repurchase of common stock 0 (290)
Stock options exercised and restricted shares issued 309 (25)
Net cash (used in) provided by financing activities (13,762) 2,208
Effect of exchange rate changes on cash and cash equivalents 104 326
Net decrease in cash and cash equivalents (5,019) (500)
Cash and cash equivalents - beginning of period 16,631 10,508
Cash and cash equivalents - end of period 11,612 10,008
Supplemental cash flow information    
Interest paid 457 564
Income taxes paid 1,142 846
Fixed assets acquired under capital lease 0 732
Funds held in escrow related to the sale of Filtration assets $ 502 $ 0