XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Cash flows from operating activities:    
Net earnings $ 1,192 $ 1,330
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation 686 647
Bad debt provision 6 15
Stock based compensation expense 52 47
Benefit for deferred income tax expense 45 (39)
Change in assets and liabilities:    
Decrease (increase) in receivables 6,248 (2,697)
Increase in inventories (2,066) (1,159)
(Decrease) increase in accounts payable and other accrued expenses (416) 1,995
(Decrease) increase in deferred revenue (5,033) 26
Other, net (184) (345)
Net cash provided by (used in) operating activities 530 (180)
Cash flows from investing activities:    
Capital expenditures (435) (1,056)
Increase in restricted cash (36) (59)
Net cash used in investing activities (471) (1,115)
Cash flows from financing activities:    
Dividends paid (406) (350)
Proceeds from short-term borrowings 14,697 15,840
Repayments on short-term borrowings (14,749) (12,700)
Payments on long-term debt (105) (105)
Net proceeds from exercise of stock options 9 103
Net cash (used in) provided by financing activities (554) 2,788
Effect of exchange rate changes on cash 10 (4)
Increase (decrease) in cash and cash equivalents (485) 1,489
Cash and cash equivalents, beginning of period 12,506 5,222
Cash and cash equivalents, end of period $ 12,021 $ 6,711