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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2023
Apr. 30, 2023
Jul. 31, 2024
Cash flows from operating activities:      
Net income $ 8,149 $ 7,460 $ 87,980
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 456 1,427 1,826
Amortization of intangible assets 911 0 3,554
Amortization of deferred financing costs 0 36 0
Accretion of debt discount 0 1,688 0
Share-based compensation 236 529 632
Deferred taxes (250) 0 (68,470)
Non-cash lease expense 2,208 6,760 9,193
Bad debt (recovery) expense (297) 1,136 (46)
Other gains, net (5,687) (3,962) 661
Non-cash impact of application of pushdown accounting 8,079 0 0
Changes in operating assets and liabilities:      
Accounts receivable, net 8,409 2,933 (5,089)
Inventories, net (1,567) 1,440 1,608
Prepaid expenses and other current assets 905 (1,237) (416)
Accounts payable and accrued expenses (1,690) (3,886) (2,477)
Refundable and accrued income taxes, net (214) (829) (134)
Other assets and liabilities (11,125) (4,495) (6,974)
Net cash provided by operating activities 8,523 9,000 21,848
Cash flows from investing activities:      
Additions to property and equipment (807) (1,311) (3,965)
Proceeds from the disposition of property and equipment 1 166 9
Proceeds from the sale of securities 53,644 1,881 157,915
Purchases of investments 0 0 (45,377)
Net cash provided by investing activities 52,838 736 108,582
Cash flows from financing activities:      
Series C redeemable preferred stock dividend payments (537) (1,593) (2,135)
Payment of deferred financing costs 0 (149) 0
Repayments on capital lease obligations 0 (38) 0
Repayments on debt (1,000) (1,000) 0
Payments for fractional shares resulting from the Reverse/Forward stock split (2,288) 0 0
Net cash used in financing activities (3,825) (2,780) (2,135)
Net effect of exchange rate changes on cash and cash equivalents (29) 895 (508)
Net increase (decrease) in cash, cash equivalents and restricted cash 57,507 7,851 127,787
Cash, cash equivalents and restricted cash, beginning of period 65,896 58,045 123,403
Cash, cash equivalents and restricted cash, end of period $ 123,403 $ 65,896 $ 251,190