XML 68 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 51,869 $ 72,346 $ 77,426
Adjustments to reconcile net income to net cash (used in) provided by operating activities      
Depreciation 3,422 2,779 2,043
Stock compensation expense 1,645 4,651 2,344
Impairment losses 1,491 584 1,979
Amortization of purchased intangible assets 1,012 1,032 1,163
Change in accrued interest on short-term investments 695 (1,112) (698)
Deferred income tax (benefit) expense (2,139) (64) 1,237
Other (Note 11) (996) (136) 1,215
Changes in operating assets and liabilities      
Accounts receivable (10,200) (5,687) 817
Other assets (15,160) (4,574) (668)
Accounts payable and accrued expenses (60,187) (6,164) 59,522
Changes in contracts-in-progress, net (Note 4) (83,774) (136,448) 112,664
Net cash (used in) provided by operating activities (112,322) (72,793) 259,044
CASH FLOWS FROM INVESTING ACTIVITIES      
Maturities of short-term investments 370,000 587,500 354,000
Purchases of short-term investments (191,000) (542,500) (595,000)
Purchases of property, plant and equipment (8,599) (4,826) (2,811)
Changes in notes receivable 225 (1,500)  
Net cash provided by (used in) investing activities 170,626 38,674 (243,811)
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash dividends paid (15,570) (15,548) (15,260)
Proceeds from the exercise of stock options 102 3,155 15,901
Distributions to joint venture partners (72) (1,229) (9,500)
Net cash used in financing activities (15,540) (13,622) (8,859)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH (553) 2,650 (85)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 42,211 (45,091) 6,289
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 122,107 167,198 160,909
CASH AND CASH EQUIVALENTS, END OF YEAR 164,318 122,107 167,198
SUPPLEMENTAL CASH FLOW INFORMATION      
Cash paid for income taxes 3,900 $ 44,309 $ 36,861
Cash paid for interest (Note 11) $ 659