XML 32 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jan. 31, 2012
Jan. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,726 $ 6,762
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 158 45
Change in fair value of warrant liability (827) 416
Non-cash compensation expense 434 276
Provision for price protection and customer allowances 2,408 1,889
Amortization of capitalized software development costs and license fees 9,280 2,784
Loss on impairment of software development costs and license fees 991 25
Changes in operating assets and liabilities, net of acquisition:    
Due from factor (15,399) (14,240)
Accounts and other receivables (1,779) (521)
Inventory 3,407 1,178
Capitalized software development costs and license fees (1,893) (1,427)
Advance payments for inventory 4,769 4,811
Prepaid expenses and other assets 1,721 435
Accounts payable and accrued expenses 1,727 3,394
Advances from customers (3,322) (391)
Net cash provided by operating activities 9,401 5,436
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (117) (77)
Net cash used in investing activities (117) (77)
CASH FLOWS FROM FINANCING ACTIVITIES    
Inventory financing (1,237) (5,472)
Net cash (used in) financing activities (1,237) (5,472)
Effect of exchange rates on cash and cash equivalents 14 (2)
Net increase (decrease) in cash and cash equivalents 8,061 (115)
Cash and cash equivalents - beginning of year 13,689 8,004
Cash and cash equivalents - end of year 21,750 7,889
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid during the year for interest and financing costs 463 710
Cash paid during the year for income taxes $ 514