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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Cash flows from operating activities:    
Net income including noncontrolling interests $ 12,273 $ 6,700
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 4,414 4,420
Amortization of operating lease right-of-use assets 1,478 1,334
Income from equity method investments (1,718) (1,490)
Interest income from investments (1,816) (2,052)
Deferred income tax 2,479 1,342
Stock based compensation expense 716 612
Gain on sale of property and equipment – net 0 (10)
Changes in assets and liabilities:    
Accounts receivable 1,650 (4,055)
Inventories (116) 7,445
Refundable income taxes 1,142 (2,021)
Other assets (3,797) (6,167)
Accounts payable, trade (12,733) (16,066)
Other liabilities (6,235) (3,998)
Net cash used in operating activities (2,263) (14,006)
Cash flows from investing activities:    
Capital expenditures (24,832) (4,199)
Purchase of short-term investments (84,978) (102,348)
Maturity of short-term investments 121,490 127,588
Proceeds from sale of real estate and property and equipment 0 10
Deposits 215 (9)
Net cash provided by investing activities 11,895 21,042
Cash flows from financing activities:    
Payments to noncontrolling interests holders (1,829) (716)
Net cash used in financing activities (1,829) (716)
Net increase in cash and cash equivalents 7,803 6,320
Cash and cash equivalents, beginning of period 223,397 71,347
Cash and cash equivalents, end of period 231,200 77,667
Non cash investing activities – Accrued capital expenditures 3,938 274
Non cash financing activities – Stock awards accrued 358 189
Prepaid lease payment, prior to lease commencement 15,600 0
Right-of-use assets acquired and liabilities incurred upon lease execution $ 0 $ 97