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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2020
OPERATING ACTIVITIES      
Net income $ 86,282 $ 52,100 $ 36,997
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 5,129 5,757 6,037
Amortization of intangible assets 59,099 55,905 55,485
Stock-based compensation expense (Note 17) 11,017 6,313 4,909
Other non-cash operating activities 308 207 337
Deferred tax expense 1,514 14,523 5,743
Changes in operating assets and liabilities (Note 21) 12,789 (3,575) (5,256)
Cash provided by operating activities 176,138 131,230 104,252
INVESTING ACTIVITIES      
Additions to property and equipment (4,829) (3,759) (4,900)
Acquisition of subsidiaries, net of cash acquired (Note 3) (90,278) (48,403) (292,053)
Cash used in investing activities (95,107) (52,162) (296,953)
FINANCING ACTIVITIES      
Proceeds from borrowing on the credit facility   10,196 297,015
Credit facility and other debt repayments (1,068) (10,793) (322,634)
Payment of debt issuance costs (72) (40) (1,400)
Issuance of common shares for cash, net of issuance costs (Note 15) 2,656 6,194 237,973
Payment of contingent consideration     (785)
Cash provided by financing activities 1,516 5,557 210,169
Effect of foreign exchange rate changes on cash (2,771) 4,633 (363)
Increase in cash 79,776 89,258 17,105
Cash, beginning of year 133,661 44,403 27,298
Cash, end of year 213,437 133,661 44,403
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest   89 3,516
Cash paid during the year for income taxes $ 12,575 $ 8,214 $ 8,946