XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Operating activities    
Net income $ 6,073 $ 48
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,717 1,791
Deferred tax expense 203 191
Stock-based compensation expense 396 456
Provision on uncollectible accounts 43 8
Loss (gain) from disposal of fixed assets 0 (5)
Changes in operating assets and liabilities    
Accounts receivable 6,454 (9,865)
Inventories (809) 882
Costs and estimated earnings in excess of billings on uncompleted contracts 221 2,495
Accounts payable (4,487) 8,044
Accrued compensation and payroll taxes (48) (1,650)
Customers' deposits 1,810 534
Income taxes payable (789) (766)
Prepaid expenses and other current assets (2,774) 989
Other assets and liabilities (3,409) 389
Net cash provided by operating activities 2,744 3,533
Investing activities    
Capital expenditures (1,233) (6,797)
Proceeds from insurance recovery for property and equipment 0 5
Net cash used in investing activities (1,233) (6,792)
Financing activities    
Proceeds from revolving credit lines 39,540 96,920
Payments of debt on revolving credit lines (36,887) (92,091)
Payments of other debt (117) (124)
Increase (decrease) in drafts payable 8 (178)
Payments on finance lease obligations (16) (154)
Repurchase of common stock 0 (312)
Stock options exercised and taxes paid related to restricted shares vested (201) (273)
Net cash provided by financing activities 2,236 3,732
Effect of exchange rate changes on cash, cash equivalents and restricted cash (106) 61
Net increase in cash, cash equivalents and restricted cash 3,641 534
Cash, cash equivalents and restricted cash - beginning of period 7,240 6,793
Cash, cash equivalents and restricted cash - end of period 10,881 7,327
Supplemental cash flow information    
Cash interest paid 1,000 1,302
Cash income taxes paid 2,436 2,234
Fixed assets acquired under finance leases - non-cash 0 139
Fixed assets acquired from non affiliates - non-cash 0 4,357
Finance Lease Obligations [Member]    
Financing activities    
Payments on finance lease obligations (16) (154)
Land and Buildings in Lebanon, Tennessee [Member]    
Financing activities    
Payments of principal on finance obligation (91) (56)
Unbilled Revenues [Member]    
Changes in operating assets and liabilities    
Unbilled accounts receivable $ (1,857) $ (8)