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
 9 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Cash flows from operating activities:    
Net income $ 811 $ 18,615
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,678 6,288
Amortization of intangibles and capitalized software 4,607 3,916
Distposal of fixed assets 34 1,283
Inventory valuation charge 418 404
Provision for doubtful accounts receivable (122) 2
Discounts earned and amortization of premiums on marketable securities 41 49
Equity income loss in earnings of affiliates (408) 284
Gain on sale of investment in affiliate   (25,188)
Stock-based compensation expense 3,600 1,258
Deferred income taxes 3,232 (5,903)
Changes in operating assets and liabilities:    
Accounts receivable 5,741 8,803
Unbilled receivables 223 (1,204)
Inventories (123) 38
Prepaid expenses and other assets (1,503) 1,469
Accounts payable (6,437) 461
Accrued expenses 1,813 3,894
Acquisition-related contingent consideration 1,282  
Customer deposits (2,030) (1,020)
Deferred revenues (9,205) (3,903)
Other 572 (120)
Net cash provided by operating activities 8,224 9,426
Cash flows from investing activities:    
Purchases of property and equipment (2,449) (3,525)
Purchases of marketable securities (14,909) (7,818)
Proceeds from sale and maturity of marketable securities 9,492 6,258
Payments for acquisitions, net of cash acquired   (9,870)
Payments of contingent consideration (4,935) (4,751)
Investment in affiliates   (720)
Gross proceeds from sale of investment in affiliate   34,086
Release of restricted cash 136 (54)
Net cash (used) provided by investing activities (12,665) 13,606
Cash flows from financing activities:    
Purchases of treasury stock   (1,435)
Excess tax benefit related to share based compensation expense   4
Proceeds from issuance of common stock relating to the stock plans 1,789 2,286
Net cash provided by financing activities 1,789 855
Effect of exchange rate changes on cash and cash equivalents 165 (117)
Net increase (decrease) in cash and cash equivalents (2,487) 23,770
Cash and cash equivalents, beginning of period 73,145 37,647
Cash and cash equivalents, end of period 70,658 61,417
Supplemental disclosure of cash flow activities:    
Income taxes paid 308 3,114
Supplemental disclosure of non-cash activities:    
Transfer of items originally classified as inventories to equipment $ 1,247 $ 1,127