Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Cash flows from operating activities:    
Net (loss ) income $ (24,871) $ 403
Net loss from discontinued operations 17,190 159
Adjustments to reconcile net (loss) income to net cash provided by continuing operating activities:    
Depreciation and amortization of fixed assets 2,307 2,886
Amortization of intangibles and capitalized software 2,950 3,032
Loss on disposal of fixed assets 2 0
Impairment of long lived asset 956 0
Inventory valuation charge 1,853 268
Provision for doubtful accounts receivable (58) (41)
Discounts earned and amortization of premiums on marketable securities 65 23
Equity loss in earnings of affiliates (26) (86)
Gain on sale of investment in affiliates (814) 0
Stock-based compensation expense 2,328 2,116
Deferred income taxes 3 3,764
Changes in operating assets and liabilities:    
Accounts receivable 1,897 14,094
Unbilled receivables 2,898 (366)
Inventories (171) (997)
Prepaid expenses and other assets (4,316) (2,533)
Accounts payable (1,433) (5,902)
Accrued expenses 2,526 (29)
Customer deposits (1,410) (965)
Deferred revenues (8,824) (6,048)
Other 184 544
Net cash provided by operating activities from discontinued operations 559 4,142
Net cash (used in) provided by operating activities from continuing operations (6,764) 14,464
Cash flows from investing activities:    
Purchases of property and equipment (980) (780)
Purchases of marketable securities (10,526) (7,406)
Proceeds from sale and maturity of marketable securities 9,109 8,102
Additional proceeds from sale of equity investment 814 0
Acquisition of businesses and payment of contingent consideration, net of cash acquired (4,530) (3,257)
Release of restricted cash 0 136
Net cash provided (used in) by investing activities from discontinued operations 23,811 (720)
Net cash used in investing activities from continuing operations (6,113) (3,925)
Cash flows from financing activities:    
Purchase of treasury stock (504) 0
Proceeds from issuance of common stock relating to stock option exercises 530 1,769
Net cash provided by financing activities from discontinued operations 872 0
Net cash provided by financing activities from continuing operations 26 1,769
Effect of exchange rates on cash (406) 217
Net increase in cash and cash equivalents 11,985 12,525
Cash and cash equivalents, beginning of period 80,585 73,145
Cash and cash equivalents, end of period 92,570 85,670
Supplemental disclosure of cash flow information:    
Income taxes paid 1,267 2,726
Supplemental disclosure of non-cash activities:    
Transfer of items originally classified as inventories to equipment $ 394 $ 1,127