Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Jan. 31, 2013
Jan. 31, 2012
Jan. 31, 2011
Cash flows from operating activities:      
Net (loss) income $ (17,337) $ (4,014) $ 29,468
Net loss from discontinued operations 16,366 611 1,103
Adjustments to reconcile net (loss) income to net cash provided bycontinuing operating activities:      
Depreciation and amortization of fixed assets 4,671 5,435 6,188
Amortization of intangible assets 6,395 6,271 5,051
Loss on disposal of fixed assets 11 38 0
Impairment of long lived asset 967 1,092 1,283
Loss on disposal of inventory 1,752 430 2,474
Inventory valuation charge 332 575 556
Provision for doubtful accounts receivable (160) 100 2
Discounts earned and amortization of premiums on marketable securities 137 66 62
Equity income in earnings of affiliates (193) (142) (167)
Gain on sale of investment in affiliates (885) 0 (27,071)
Stock-based compensation expense 4,101 2,988 2,598
Deferred income taxes (132) 6,599 (6,916)
Change in contingent consideration related to acquisitions 1,662 3,031 0
Excess tax benefit related to stock-based compensation expense 0 0 (4)
Changes in operating assets and liabilities:      
Accounts receivable 2,343 (1,337) 6,065
Unbilled receivables 3,963 (321) (1,204)
Inventories 763 (1,250) (2,407)
Prepaid expenses and other assets (6,498) (4,510) 2,987
Accounts payable (236) (2,596) 229
Accrued expenses 1,879 3,893 29
Customer deposits 1,777 (926) (286)
Deferred revenues (6,283) (3,839) (6,361)
Other 568 519 (18)
Net cash provided by operating activities from continuing operations 15,963 12,713 13,661
Net cash provided by operating activities from discontinued operations 1,387 1,672 2,620
Total cash provided by operating actvities 17,350 14,385 16,281
Cash flows from investing activities:      
Purchases of property and equipment (3,972) (1,512) (2,960)
Purchases of marketable securities (15,642) (19,944) (8,382)
Proceeds from sale and maturity of marketable securities 14,221 19,517 7,325
Additional proceeds from sale of equity investment 885 0 38,717
Acquisition of businesses and payment of contingent consideration, net of cash acquired (8,175) (4,935) (14,661)
Dividend from equity investments 190 0 0
Investments in affiliates 0 0 (720)
Decrease (increase) in restricted cash 262 132 (55)
Net cash (used in) provided by investing activities from continuing operations (12,231) (6,742) 19,264
Net cash provided by (used in) investing activities from discontinued operations 25,232 (1,891) (1,199)
Total cash provided by (used in) investing actvities 13,001 (8,633) 18,065
Cash flows from financing activities:      
Repurchases of our common stock (6,201) 0 (1,435)
Proceeds from issuance of common stock relating to stock option exercises 2,190 1,787 2,740
Excess tax benefit related to stock-based compensation expense 0 0 4
Net cash (used in) provided by financing activities from continuing operations (4,011) 1,787 1,309
Net cash provided by financing activities from discontinued operations 0 0 0
Total cash (used in) provided by financing actvities (4,011) 1,787 1,309
Effect of exchange rate changes on cash (204) (99) (157)
Net increase in cash and cash equivalents 26,136 7,440 35,498
Cash and cash equivalents, beginning of period 80,585 73,145 37,647
Cash and cash equivalents, end of period 106,721 80,585 73,145
Supplemental disclosure of cash flow information:      
Income taxes paid 1,312 565 3,174
Interest paid 89 0 0
Supplemental disclosure of non-cash activities:      
Transfer of items originally classified as inventories to equipment $ 897 $ 1,402 $ 2,283