Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS

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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Jan. 31, 2010
Cash flows from operating activities:      
Net (loss) income $ (4,014) $ 29,468 $ 1,323
Net loss income from discontinued operations 2,730 2,172 5,790
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization of fixed assets 7,450 8,198 7,995
Amortization of intangibles and capitalized software 6,081 5,345 3,461
Loss on disposal of fixed assets 318 1,283  
Impairment of assets held for sale 678    
Loss on disposal of inventory 430 2,474  
Inventory valuation charge 575 556 585
Provision for doubtful accounts receivable 100 2 75
Discounts earned and amortization of premiums on marketable securities 66 62 110
Equity loss (income) in earnings of affiliates (234) (65) 654
Gain on sale of investment in affiliate   (27,071)  
Stock-based compensation expense 3,358 2,957 3,105
Deferred income taxes 6,520 (7,074) (1,210)
Change in contingent consideration related to acquisitions 3,031    
Excess tax benefit related to share based compensation expense   (4) (159)
Changes in operating assets and liabilities:      
Accounts receivable (1,965) 3,689 (4,380)
Unbilled receivables (321) (1,204) 654
Inventories (1,250) (2,407) (5,711)
Prepaid expenses and other assets (3,647) 767 (3,836)
Accounts payable (2,605) 664 (3,048)
Accrued expenses 4,555 3,442 (3,232)
Customer deposits (926) (286) 2,313
Deferred revenues (3,957) (6,204) 9,240
Other 255 63 23
Net cash (used in) provided by discontinued operations (2,843) (546) (5,153)
Net cash provided by operating activities from continuing operations 14,385 16,281 8,599
Cash flows from investing activities:      
Purchases of property and equipment (3,273) (3,926) (8,806)
Purchases of marketable securities (19,944) (8,382) (43,402)
Proceeds from sale and maturity of marketable securities 19,517 7,325 54,091
Acquisition of businesses and payment of contingent consideration, net of cash acquired (4,935) (14,661) (35,019)
Investments in affiliates   (1,107) (1,824)
Proceeds from sale of investment in affiliate   38,717  
(Deposit) release of restricted cash 132 (55) 1,512
Net cash (used in) provided by investing activities of discontinued operations (130) 154 451
Net cash (used in) provided by investing activities from continuing operations (8,633) 18,065 (32,997)
Cash flows from financing activities:      
Purchase of treasury stock   (1,435) (2,768)
Proceeds from issuance of common stock relating to the stock plans 1,787 2,740 1,838
Excess tax benefit related to share based compensation expense   4 159
Net cash provided by (used in) financing activities 1,787 1,309 (771)
Effect of exchange rates on cash (99) (157) 358
Net increase (decrease) in cash and cash equivalents 7,440 35,498 (24,811)
Cash and cash equivalents, beginning of period 73,145 37,647 62,458
Cash and cash equivalents, end of period 80,585 73,145 37,647
Supplemental disclosure of cash flow information:      
Income taxes paid 565 3,174 554
Interest paid     41
Supplemental disclosure of non-cash activities:      
Transfer of items originally classified as inventories to equipment $ 1,402 $ 2,283 $ 2,841