XML 16 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Cash flows from operating activities:    
Net loss $ (6,443) $ (237)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 7,558 8,307
Stock-based compensation 247 281
Provision for inventory obsolescence 43 45
Gross profit from sale of lease pool equipment (491) (129)
Excess tax benefit from exercise of non-qualified stock options and restricted shares   (12)
Deferred tax benefit (497) (347)
Changes in working capital items:    
Trade accounts and contracts receivable 2,809 (2,839)
Inventories 297 (850)
Prepaid expenses and other current assets (250) 3,277
Income taxes payable 640 (533)
Accounts payable, accrued expenses, other current liabilities and deferred revenue (2,044) 253
Foreign exchange gains net of losses (119) (778)
Net cash provided by operating activities 1,750 6,438
Cash flows from investing activities:    
Purchases of seismic equipment held for lease (522) (73)
Purchases of property and equipment (82) (88)
Sale of used lease pool equipment 906 227
Net cash provided by investing activities 302 66
Cash flows from financing activities:    
Net payments on revolving line of credit (1,950) (5,000)
Payments on term loan and other borrowings (804) (952)
Net proceeds from short-term investments   184
Excess tax benefit from exercise of non-qualified stock options and restricted shares   12
Net cash used in financing activities (2,754) (5,756)
Effect of changes in foreign exchange rates on cash and cash equivalents (707) 304
Net change in cash and cash equivalents (1,409) 1,052
Cash and cash equivalents, beginning of period 3,769 5,175
Cash and cash equivalents, end of period 2,360 6,227
Supplemental cash flow information:    
Interest paid 338 228
Income taxes paid 151 796
Purchases of seismic equipment held for lease in accounts payable at end of period $ 161 $ 1,331