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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Operating activities    
Net loss $ (3,489) $ (6,294)
Adjustments to reconcile net loss to net cash flows (used in) provided by operating activities    
Depreciation and amortization 1,215 1,448
Loss on consolidation of joint venture 0 1,620
Gain on disposal of subsidiaries 0 (867)
Deferred tax benefit (290) (376)
Stock-based compensation expense 203 342
Cash surrender value on life insurance policies 0 (129)
Loss on disposal of fixed assets (1) 0
Provision on uncollectible accounts (329) 196
Changes in operating assets and liabilities    
Accounts receivable 7,546 12,228
Inventories (1,775) 3,342
Costs and estimated earnings in excess of billings on uncompleted contracts (978) 584
Accounts payable (936) (4,247)
Accrued compensation and payroll taxes (584) (2,536)
Customers' deposits (191) (2,057)
Income taxes receivable and payable (755) (81)
Prepaid expenses and other current assets (1,122) (581)
Other assets and liabilities 472 1,186
Net cash (used in) provided by operating activities (1,012) 3,778
Investing activities    
Acquisition of interest in subsidiary, net of cash acquired 0 (4,672)
Capital expenditures (267) (796)
Proceeds from surrender of corporate-owned life insurance policies 0 1,894
Proceeds from sales of property and equipment 1 0
Net cash used in investing activities (266) (3,574)
Financing activities    
Proceeds from revolving lines 8,612 14,786
Payments of debt on revolving lines of credit (6,763) (19,267)
Payments of other debt (70) (81)
Increase (decrease) in drafts payable 50 (217)
Payments on capitalized lease obligations (72) (1,069)
Release of common stock 13 0
Stock options exercised and restricted shares issued 114 56
Net cash provided by (used in) financing activities 1,884 (5,792)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 892 435
Net increase (decrease) in cash, cash equivalents and restricted cash 1,498 (5,153)
Cash, cash equivalents and restricted cash - beginning of period 8,701 18,955
Cash, cash equivalents and restricted cash - end of period 10,199 13,802
Supplemental cash flow information    
Interest paid 177 289
Income taxes paid 530 197
Funds held in escrow related to the sale of Filtration assets $ 502 $ 502