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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2017
Oct. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 65,296 $ 56,645
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Stock option compensation expense 3,573 1,774
Depreciation 1,936 1,444
Amortization of purchased intangible assets 776 752
Deferred income tax expense (benefit) 475 (1,693)
Other (317) (119)
Impairment loss   1,979
Changes in operating assets and liabilities    
Accounts receivable (31,453) 21,304
Prepaid expenses and other assets 758 (1,432)
Accounts payable and accrued expenses 5,600 50,099
Billings in excess of costs and estimated earnings, net (69,383) 54,558
Net cash (used in) provided by operating activities (22,739) 185,311
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of short-term investments (462,500) (375,000)
Maturities of short-term investments 485,000 214,000
Purchases of property, plant and equipment (4,006) (2,481)
Loans made under notes receivable (200)  
Net cash provided by (used in) investing activities 18,294 (163,481)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash dividends paid (15,548) (15,260)
Proceeds from the exercise of stock options 2,781 10,988
Distributions to joint venture partners (1,229) (7,500)
Net cash used in financing activities (13,996) (11,772)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 951 (192)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (17,490) 9,866
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 167,198 160,909
CASH AND CASH EQUIVALENTS, END OF PERIOD 149,708 170,775
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes $ 36,922 $ 26,364