XML 36 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2018
Cash Flows from Operating Activities:      
Net Income $ 1,759 $ 5,730 $ 3,286
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:      
Depreciation and Amortization 6,284 6,152 3,994
Amortization of Debt Issuance Costs 49 51 34
Share-Based Compensation 1,775 1,886 1,583
Deferred Income Tax Provision (Benefit) (1,638) (1,638) 744
Changes in Assets and Liabilities, Net of Impact of Acquisitions:      
Accounts Receivable 3,594 (1,493) (4,722)
Inventories (3,938) (2,872) (5,509)
Accounts Payable and Accrued Expenses (2,732) (2,342) 5,207
Income Taxes Payable (1,773) (151) (801)
Other (156) (318) (92)
Net Cash Provided by Operating Activities 3,224 5,005 3,724
Cash Flows from Investing Activities:      
Proceeds from Sales/Maturities of Securities Available for Sale   1,511 5,539
Purchases of Securities Available for Sale     (321)
Cash Paid for TrojanLabel Acquisition, Net of Cash Acquired     (9,007)
Cash Paid for Honeywell Asset Purchase and License Agreement   (400) (14,873)
Payments Received on Line of Credit and Note Receivable     85
Additions to Property, Plant and Equipment (2,906) (2,645) (2,204)
Net Cash Used by Investing Activities (2,906) (1,534) (20,781)
Cash Flows from Financing Activities:      
Net Proceeds from Common Shares Issued Under Employee Benefit Plans and Employee Stock Option Plans, Net of Payment of Minimum Tax Withholdings 313 1,077 539
Purchase of Treasury Stock     (11,238)
Proceeds from Issuance of Long-Term Debt     24,200
Borrowings under Revolving Credit Facility, net 5,000 1,500  
Change in TrojanLabel Earn Out Liability     (1,438)
Payment of Minimum Guarantee Royalty Obligation (1,875) (1,625)  
Principal Payments on Long-Term Debt (5,208) (5,130) (828)
Payments of Debt Issuance Costs     (234)
Dividends Paid (1,972) (1,933) (1,944)
Net Cash (Used) Provided by Financing Activities (3,742) (6,111) 9,057
Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents 139 (3) 79
Net Decrease in Cash and Cash Equivalents (3,285) (2,643) (7,921)
Cash and Cash Equivalents, Beginning of Year 7,534 10,177 18,098
Cash and Cash Equivalents, End of Year 4,249 7,534 10,177
Supplemental Information:      
Cash Paid During the Period for Interest 531 636 246
Cash Paid During the Period for Income Taxes, Net of Refunds 2,913 3,472 1,940
Schedule of non-cash financing activities:      
Value of Shares Received in Satisfaction of Option Exercise Price $ 11 $ 366 $ 275