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
 3 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Cash flows from operating activities:    
Net loss $ (19,611) $ (384)
Net loss (income) from discontinued operations 19,325 (18)
Adjustments to reconcile net (loss) income to net cash provided by continuing operating activities:    
Depreciation and amortization of fixed assets 1,353 1,346
Amortization of intangibles and capitalized software 1,503 1,391
Inventory valuation charge 101 144
Provision for doubtful accounts receivable   (40)
Discounts earned and amortization of premiums on marketable securities 28 11
Equity loss in earnings of affiliates (27) (86)
Gain on sale of investment in affiliates (814)  
Stock-based compensation expense 1,028 1,310
Deferred income taxes 224 283
Changes in operating assets and liabilities:    
Accounts receivable 9,979 4,681
Unbilled receivables 4,855 122
Inventories (1,253) (768)
Prepaid expenses and other assets 475 (846)
Accounts payable (393) (1,588)
Accrued expenses (5,122) (59)
Customer deposits (179) (1,270)
Deferred revenues (7,307) 90
Other (660) 674
Net cash (used in) provided by discontinued operations (478) 1,723
Net cash provided by operating activities from continuing operations 3,027 6,716
Cash flows from investing activities:    
Purchases of property and equipment (633) (340)
Purchases of marketable securities (6,951) (3,554)
Proceeds from sale and maturity of marketable securities 8,101 4,552
Proceeds from sale of investment in affiliates 814  
Acquisition of businesses and payment of contingent consideration, net of cash acquired (1,476) (3,000)
(Deposit) release of restricted cash (500) 136
Net cash used in investing activities of discontinued operations (250) (296)
Net cash used in investing activities from continuing operations (895) (2,502)
Cash flows from financing activities:    
Purchase of treasury stock (504)  
Proceeds from issuance of common stock relating to stock option exercises 280 1,381
Net cash (used in) provided by financing activities (224) 1,381
Effect of exchange rates on cash 168 421
Net increase in cash and cash equivalents 2,076 6,016
Cash and cash equivalents, beginning of period 80,585 73,145
Cash and cash equivalents, end of period 82,661 79,161
Supplemental disclosure of cash flow information:    
Income taxes paid 13 72
Supplemental disclosure of non-cash activities:    
Transfer of items originally classified as inventories to equipment $ 230 $ 161