XML 20 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Jan. 31, 2014
Cash flows from operating activities:      
Net income $ 8,912 $ 12,946 $ 6,386
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,785 5,759 6,069
Provision for doubtful accounts and sales adjustments 774 854 1,054
Loss on disposal of property and equipment 29 8 0
Deferred income taxes (590) (905) 623
Change in fair value of a derivative instrument 48 877 (634)
Stock compensation expense 7,440 4,993 4,680
Excess tax benefits from stock awards (779) (266) (72)
Adjustment of contingent liability associated with acquisitions 0 42 (279)
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable 10,804 (11,236) (1,247)
Other assets (2,768) (431) (197)
Accounts payable (1,441) 2,568 (1,260)
Deferred revenue (2,675) 4,912 4,753
Other liabilities (2,261) 3,576 4,264
Net cash provided by operating activities 23,278 23,697 24,140
Cash flows from investing activities:      
Purchase of property and equipment (3,208) (4,577) (4,779)
Capitalized software costs (153) (311) (366)
Other, net 13 9 33
Net cash used in investing activities (3,348) (4,879) (5,112)
Cash flows from financing activities:      
Repayments of debt (406) (388) (372)
Dividends paid (5,235) (4,452) (5,304)
Tax payments, net of proceeds, related to stock awards (2,461) (2,557) (1,286)
Excess tax benefits from stock awards 779 266 72
Payment of contingent liability associated with acquisitions (750) (471) 0
Proceeds from issuance of common stock, net of issuance cost 8,365 37,046 0
Repurchase of common stock 0 0 (686)
Net cash provided by (used in) financing activities 292 29,444 (7,576)
Effect of exchange rates on cash and equivalents (3,017) (3,720) (477)
Net increase in cash and equivalents 17,205 44,542 10,975
Cash and equivalents at beginning of year 120,526 75,984 65,009
Cash and equivalents at end of year 137,731 120,526 75,984
Cash paid during the period for:      
Interest 700 735 726
Income taxes, net of refunds 3,925 3,284 2,869
Supplemental disclosure of non-cash activities:      
Dividends paid in stock $ 0 $ 0 $ 145