XML 56 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2019
Oct. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (33,494) $ 54,160
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities    
Deferred income tax benefit (4,521) (153)
Impairment loss 2,072  
Depreciation 2,610 2,465
Stock compensation expense 1,512 1,244
Change in accrued interest on short-term investments 1,106 912
Amortization of purchased intangible assets 864 759
Gain on the settlement of litigation   (1,400)
Other 525 119
Changes in operating assets and liabilities    
Accounts receivable 1,274 (17,686)
Contract assets 7,992 (41,781)
Other assets (1,588) (15,895)
Accounts payable and accrued expenses (12,523) (44,016)
Contract liabilities 50,072 (37,835)
Net cash provided by (used in) operating activities 15,901 (99,107)
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities of short-term investments 164,000 310,000
Purchases of short-term investments (75,000) (158,000)
Purchases of property, plant and equipment (6,308) (7,366)
Changes in notes receivable   225
Net cash provided by investing activities 82,692 144,859
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments of cash dividends (11,714) (11,676)
Proceeds from the exercise of stock options 1,567 48
Distributions to joint venture partners   (72)
Net cash used in financing activities (10,147) (11,700)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH (282) (368)
NET INCREASE IN CASH AND CASH EQUIVALENTS 88,164 33,684
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 164,318 122,107
CASH AND CASH EQUIVALENTS, END OF PERIOD 252,482 155,791
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes 3,062 2,625
Cash received from income tax refunds 7,917  
Operating lease payments made (Note 7) 466  
Cash paid for interest   $ 659
Adoption of ASC Topic 842 (non-cash transaction, see Note 7) 1,341  
Right-of-use assets obtained in exchange for new operating lease liabilities (non-cash transaction) $ 441