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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2017
Apr. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 20,749 $ 14,120
Adjustments to reconcile net income to net cash provided by operating activities    
Stock option compensation expense 1,112 659
Depreciation 572 434
Amortization of purchased intangibles 183 321
Deferred income tax expense 263 1,897
Other (382) (128)
Changes in operating assets and liabilities    
Accounts receivable (16,428) (6,713)
Prepaid expenses and other assets (1,773) (1,408)
Accounts payable and accrued expenses 12,730 5,786
Billings in excess of costs and estimated earnings, net 23,938 28,758
Net cash provided by operating activities 40,964 43,726
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of short-term investments (185,000) (50,000)
Maturities of short-term investments 145,000 36,000
Purchases of property, plant and equipment (1,863) (245)
Net cash used in investing activities (41,863) (14,245)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the exercise of stock options 867 495
Net cash provided by financing activities 867 495
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 181 545
NET INCREASE IN CASH AND CASH EQUIVALENTS 149 30,521
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 167,198 160,909
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 167,347 191,430
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes   $ 847