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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Operating activities    
Net loss $ (9,608) $ (932)
Adjustments to reconcile net loss to net cash flows used in operating activities    
Depreciation and amortization 4,258 4,425
Loss on consolidation of joint venture 1,620 0
Gain on disposal of subsidiaries (186) 0
Deferred tax (benefit) expense (93) 479
Stock-based compensation expense (benefit) 184 137
Income from joint venture 0 (524)
Cash surrender value on life insurance policies (136) (2)
(Gain) loss on disposal of fixed assets 292 (1)
Provision on uncollectible accounts 500 476
Changes in operating assets and liabilities    
Accounts receivable 14,860 (17,820)
Inventories 4,709 (5,687)
Costs and estimated earnings in excess of billings on uncompleted contracts (736) (589)
Accounts payable (5,268) 11,206
Accrued compensation and payroll taxes (9,047) 5,686
Customers' deposits (1,880) (1,326)
Income taxes receivable and payable 671 (98)
Prepaid expenses and other current assets (742) 1,356
Other assets and liabilities (3,614) (6,575)
Net cash used in operating activities (4,800) (9,787)
Investing activities    
Acquisition of interest in subsidiary, net of cash acquired (4,672) 0
Capital expenditures (1,544) (5,971)
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 13,962 0
Net cash provided by (used in) investing activities 9,640 (4,081)
Financing activities    
Proceeds from revolving lines 32,908 79,175
Proceeds from debt 6,048 783
Proceeds from borrowing against life insurance policies 0 1,916
Payments of debt on revolving lines of credit (39,807) (63,177)
Payments of other debt (10,077) (1,699)
Payments of borrowing against life insurance policies 0 (1,916)
Decrease in drafts payable (184) (122)
Payments on capitalized lease obligations (1,429) (659)
Payments for repurchase of common stock 0 (290)
Stock options exercised and restricted shares issued 363 (15)
Net cash (used in) provided by financing activities (12,178) 13,996
Effect of exchange rate changes on cash and cash equivalents (285) 246
Net (decrease) increase in cash and cash equivalents (7,623) 374
Cash and cash equivalents - beginning of period 16,631 10,508
Cash and cash equivalents - end of period 9,008 10,882
Supplemental cash flow information    
Interest paid 605 836
Income taxes paid 1,281 849
Fixed assets acquired under capital lease 0 1,215
Funds held in escrow related to the sale of Filtration assets $ 502 $ 0