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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2018
OPERATING ACTIVITIES      
Net income $ 36,997 $ 31,277 $ 26,879
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 6,037 4,544 4,101
Amortization of intangible assets 55,485 40,179 33,477
Stock-based compensation expense (Note 17) 4,909 3,710 2,807
Other non-cash operating activities 337 71 (784)
Deferred tax expense 5,743 2,191 1,297
Deferred tax charge (49) (31)
Changes in operating assets and liabilities (Note 21) (5,256) (3,849) 4,397
Cash provided by operating activities 104,252 78,074 72,143
INVESTING ACTIVITIES      
Additions to property and equipment (4,900) (5,244) (5,086)
Acquisition of subsidiaries, net of cash acquired (Note 3) (292,053) (67,932) (111,867)
Cash used in investing activities (296,953) (73,176) (116,953)
FINANCING ACTIVITIES      
Proceeds from borrowing on the credit facility 297,015 68,468 80,000
Credit facility repayments (322,634) (78,659) (43,000)
Payment of debt issuance costs (1,400)
Issuance of common shares for cash, net of issuance costs (Note 15) 237,973 345 1,003
Payment of contingent consideration (785) (1,531)
Cash provided by (used in) financing activities 210,169 (11,377) 38,003
Effect of foreign exchange rate changes on cash (363) (1,368) 3,817
Increase (decrease) in cash 17,105 (7,847) (2,990)
Cash, beginning of year 27,298 35,145 38,135
Cash, end of year 44,403 27,298 35,145
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 3,516 1,712 680
Cash paid during the year for income taxes $ 8,946 $ 7,862 $ 3,887