XML 58 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 3 Months Ended
Apr. 30, 2014
Apr. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,800,000 $ 6,940,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income tax expense 1,076,000 382,000
Stock option compensation expense 343,000 436,000
Depreciation 142,000 129,000
Amortization of purchased intangibles 60,000 61,000
Gain on deconsolidation of variable interest entity   (1,120,000)
Changes in operating assets and liabilities    
Accounts receivable (5,233,000) 5,589,000
Costs and estimated earnings in excess of billings 327,000 183,000
Prepaid expenses and other assets (1,846,000) 44,000
Accounts payable and accrued expenses (1,660,000) (4,323,000)
Billings in excess of costs and estimated earnings 42,781,000 (11,874,000)
Net cash provided by (used in) operating activities 40,790,000 (3,553,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment, net (46,000) (684,000)
Net cash used in investing activities (46,000) (684,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in notes receivable (320,000) (1,397,000)
Deconsolidation of variable interest entity cash   (121,000)
Net proceeds from the exercise of stock options 1,128,000  
Net cash provided by (used in) financing activities 808,000 (1,518,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 41,552,000 (5,755,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 272,209,000 175,142,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 313,761,000 169,387,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes $ 1,587,000 $ 1,833,000