Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
12 Months Ended |
Jan. 31, 2022 |
Jan. 31, 2021 |
Oct. 31, 2021 |
Oct. 31, 2020 |
| Net income (loss) |
$ 1,183
|
$ (12,290)
|
|
|
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
|
| Depreciation |
8,341
|
6,925
|
|
|
| Deferred income taxes |
(175)
|
(2,855)
|
|
|
| Amortization of deferred financing costs |
458
|
961
|
|
|
| Amortization of intangible assets |
5,739
|
6,913
|
|
|
| Stock-based compensation expense |
1,480
|
672
|
|
|
| Change in fair value of warrant liabilities |
(0)
|
(0)
|
|
|
| Loss on extinguishment of debt |
0
|
15,510
|
|
|
| Net gain on the sale of property, plant and equipment |
(444)
|
(593)
|
|
|
| Net changes in operating assets and liabilities: |
|
|
|
|
| Trade receivables, net |
676
|
5,656
|
|
|
| Inventory |
(265)
|
(10)
|
|
|
| Prepaid expenses and other current assets |
(6,232)
|
(4,287)
|
|
|
| Income taxes payable, net |
80
|
(512)
|
|
|
| Accounts payable |
(3,460)
|
(1,157)
|
|
|
| Accrued payroll, accrued expenses and other current liabilities |
5,807
|
(2,353)
|
|
|
| Net cash provided by operating activities |
13,188
|
12,580
|
|
|
| Cash flows from investing activities: |
|
|
|
|
| Purchases of property, plant and equipment |
(35,431)
|
(9,434)
|
|
|
| Proceeds from sale of property, plant and equipment |
1,950
|
1,894
|
|
|
| Purchases of intangible assets |
(1,050)
|
0
|
|
|
| Net cash used in investing activities |
(34,531)
|
(7,540)
|
|
|
| Cash flows from financing activities: |
|
|
|
|
| Proceeds on long term debt |
0
|
375,000
|
|
|
| Payments on long term debt |
0
|
(381,206)
|
|
|
| Proceeds on revolving loan |
92,164
|
80,945
|
|
|
| Payments on revolving loan |
(76,928)
|
(75,122)
|
|
|
| Payment of debt issuance costs |
0
|
(8,464)
|
|
|
| Payments on capital lease obligations |
(25)
|
(23)
|
|
|
| Purchase of treasury stock |
(534)
|
(330)
|
|
|
| Net cash provided by (used in) financing activities |
14,677
|
(9,200)
|
|
|
| Effect of foreign currency exchange rate on cash |
155
|
(304)
|
|
|
| Net decrease in cash and cash equivalents |
(6,511)
|
(4,463)
|
|
|
| Cash and cash equivalents: |
|
|
|
|
| Beginning of period |
9,298
|
6,736
|
$ 6,736
|
|
| End of period |
$ 2,787
|
$ 2,273
|
9,298
|
$ 6,736
|
| Supplemental cash flow information: |
|
|
|
|
| Cash paid for interest |
|
|
118
|
5,890
|
| Cash paid for income taxes |
|
|
50
|
614
|
| Non-cash investing and financing activities: |
|
|
|
|
| Equipment purchases included in accrued expenses and accounts payable |
|
|
$ 2,326
|
$ 781
|