Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Jan. 31, 2014
Cash flows from operating activities:      
Net loss $ (47,697) $ (27,484) $ (3,030)
Net (income) loss from discontinued operations   (5) 803
Adjustments to reconcile net loss to net cash used in continuing operating activities:      
Depreciation and amortization of property and equipment 3,380 3,683 4,389
Provision for loss contract 9,162    
Amortization of intangible assets 4,780 5,154 4,630
Stock-based compensation expense 3,552 3,220 2,959
Deferred income taxes (985) (372) (684)
Loss on impairment of TLL, LLC net assets 21,464    
Other non-cash reconciling items, net 197 512 798
Changes in operating assets and liabilities, excluding impact of acquisition:      
Accounts receivable (1,721) 3,567 5,420
Unbilled receivables (4,359) (1,993) (5,251)
Inventories (937) 3,183 (234)
Prepaid expenses and other assets (1,097) 1,570 6,724
Accounts payable 874 (1,619) (873)
Accrued expenses (2,713) 1,650 (3,146)
Deferred revenues (1,431) (5,699) (4,877)
Other operating activities (1,132) 1,289 539
Net cash (used in) provided by operating activities from continuing operations (18,663) (13,344) 8,167
Net cash provided by (used in) operating activities from discontinued operations   5 (803)
Total cash (used in) provided by operating activities (18,663) (13,339) 7,364
Cash flows from investing activities:      
Purchases of property and equipment (1,397) (1,873) (2,315)
Investment in capitalized software (2,440)    
Purchases of marketable securities (9,033) (9,193) (11,479)
Proceeds from sale and maturity of marketable securities 11,043 7,181 12,237
Proceeds from (purchase of) cost method investments, net 464 (2,000)  
Proceeds from sale of equity investment   229 1,128
Acquisition of businesses and payment of contingent consideration, net of cash acquired (11,686)   (4,009)
Advance for TLL, LLC acquisition   (2,500)  
Other investing activities (79)   958
Net cash used in investing activities from continuing operations (13,128) (8,156) (3,480)
Net cash provided by investing activities from discontinued operations     4,000
Total cash (used in) provided by investing activities (13,128) (8,156) 520
Cash flows from financing activities:      
Proceeds from issuance of common stock relating to stock option exercises 193   1,058
Repurchase of our common stock   (5,504)  
Total cash provided by (used in) financing activities 193 (5,504) 1,058
Effect of exchange rate changes on cash 312 1,284 71
Net (decrease) increase in cash and cash equivalents (31,286) (25,715) 9,013
Cash and cash equivalents, beginning of period 90,019 115,734 106,721
Cash and cash equivalents, end of period 58,733 90,019 115,734
Supplemental disclosure of cash flow information:      
Income taxes paid 640 671 2,606
Interest paid 6 6 4
Supplemental disclosure of non-cash investing and financing activities:      
Transfer of items originally classified as inventories to equipment 532 $ 474 1,110
Fair value of common stock issued for acquisition of TLL, LLC 3,019    
Issuance of common stock for settlement of contingent consideration related to acquisitions     1,560
Asset held for sale reclassified to asset held for use and reclassified from current assets to property and equipment     $ 465
Common Stock [Member]      
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of common stock issued for deferred stock consideration obligation $ 1,754