XML 33 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Apr. 30, 2012
Apr. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 10,429 $ 8,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 307 102
Change in fair value of warrant liability (992) 3,344
Non-cash compensation expense 863 627
Provision for price protection 3,006 2,202
Amortization of capitalized software development costs and license fees 10,690 3,220
Loss on impairment of software development costs and license fees 1,219 1,362
Provisions for excess inventory   848
Changes in operating assets and liabilities, net of acquisition:    
Due from factor (5,940) (6,833)
Accounts and other receivables, net (1,487) (1,205)
Inventory 6,098 (55)
Capitalized software development costs and license fees (4,750) (5,178)
Advance payments for inventory 5,712 5,251
Prepaid expenses and other assets 2,309 203
Accounts payable and accrued expenses (2,748) 2,326
Advances from customers and deferred revenue (5,222) (385)
Net cash provided by operating activities 19,494 14,666
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (179) (325)
Net cash used in investing activities (179) (325)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of inventory financing (1,238) (5,557)
Proceeds from exercise of warrants   1,691
Net cash used in financing activities (1,238) (3,866)
Effect of exchange rates on cash and cash equivalents (32) (1)
Net increase in cash and cash equivalents 18,045 10,474
Cash and cash equivalents - beginning of period 13,689 8,004
Cash and cash equivalents - end of period 31,734 18,478
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Landlord-provided leasehold improvements   163
Warrant liability reclassified to additional paid-in capital upon exercise   937
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid during the year for interest and financing costs 663 955
Cash paid during the year for income taxes $ 514