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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Operating activities    
Net income (loss) $ 2,140 $ (1,442)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 1,334 1,195
Non-cash lease benefits (203) (165)
Provision for credit losses 15 15
Amortization of debt issuance costs 30 26
Loss on sale of property, plant and equipment 1 0
Deferred income taxes (62) (448)
Stock-based compensation 172 103
Amortization of net actuarial gain for pension plans (38) 0
Non-cash unrealized gain on investment (215) (299)
Changes in operating assets and liabilities:    
Trade accounts receivable 3,374 2,896
Other receivables (27) 33
Inventories (12,962) (18,234)
Income taxes (133) (296)
Prepaid expenses and other current assets (1,620) (490)
Accounts payable and accrued liabilities 3,687 5,391
Net cash used in operating activities (4,507) (11,715)
Investing activities:    
Purchases of property, plant and equipment (1,088) (1,533)
Proceeds from sale of property, plant and equipment 2 0
Proceeds from surrendering life insurance policies 145 0
Net cash used in investing activities (941) (1,533)
Financing activities:    
Borrowing from long-term debt 15,737 15,241
Repayment of long-term debt (13,105) (2,300)
Common stock repurchased (1,499) 0
Payment of deferred financing costs 0 (125)
Cash dividends paid (327) 0
Net cash provided by financing activities 806 12,816
Net decrease in cash (4,642) (432)
Cash at beginning of period 5,286 1,057
Cash at end of period 644 625
Property, plant and equipment acquired and not yet paid at end of period 248 402
Cash paid during the year for interest 208 712
Cash paid during the year for income taxes, net of refunds $ 971 $ 344