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, 2013
Apr. 30, 2012
Cash flows from operating activities:    
Net loss $ (1,985) $ (19,577)
Net (income) loss from discontinued operations (35) 19,290
Adjustments to reconcile net loss to net cash provided by operating activities from continuing operations:    
Depreciation and amortization of fixed assets 1,180 1,353
Amortization of intangible assets 1,149 1,503
Gain on disposal of fixed assets (20) 0
Inventory valuation charge (261) 101
Provision for doubtful accounts receivable 27 0
Discounts earned and amortization of premiums on marketable securities 32 28
Equity income in earnings of affiliates (20) (26)
Loss (gain) on sale of investment in affiliates 67 (814)
Stock-based compensation expense 1,113 1,028
Deferred income taxes (5) 224
Change in contingent consideration related to acquisitions 20 60
Changes in operating assets and liabilities:    
Accounts receivable 4,943 9,979
Unbilled receivables (2,850) 4,855
Inventories (322) (1,253)
Prepaid expenses and other assets 3,747 475
Accounts payable (831) (393)
Accrued expenses (1,336) (5,122)
Customer deposits 18 (179)
Deferred revenues (1,349) (7,307)
Other (214) (720)
Net cash provided by operating activities from continuing operations 3,068 3,505
Net cash provided by (used in) operating activities from discontinued operations 35 (478)
Total cash provided by operating activities 3,103 3,027
Cash flows from investing activities:    
Purchases of property and equipment (507) (633)
Purchases of marketable securities (2,062) (6,951)
Proceeds from sale and maturity of marketable securities 3,116 8,101
Proceeds from sale of property and equipment 20 0
Additional proceeds from sale of equity investment 0 814
Acquisition of businesses and payment of contingent consideration, net of cash acquired (3,206) (1,476)
Increase in restricted cash (1) (500)
Net cash used in investing activities from continuing operations (2,640) (645)
Net cash provided by (used in) investing activities from discontinued operations 2,000 (250)
Total cash used in investing activities (640) (895)
Cash flows from financing activities:    
Repurchases of common stock 0 (504)
Proceeds from issuance of common stock relating to stock option exercises 84 280
Total cash provided by (used in) financing activities 84 (224)
Effect of exchange rate changes on cash (79) 168
Net increase in cash and cash equivalents 2,468 2,076
Cash and cash equivalents, beginning of period 106,721 80,585
Cash and cash equivalents, end of period 109,189 82,661
Supplemental disclosure of cash flow information:    
Income taxes paid 17 13
Supplemental disclosure of non-cash activities:    
Transfer of items originally classified as inventories to equipment $ 46 $ 230