CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 30, 2016 |
Apr. 30, 2015 |
| Cash flow from operating activities: |
|
|
| Net loss |
$ (8,803)
|
$ (6,558)
|
| Adjustments to reconcile net loss to cash flow from operating activities: |
|
|
| Depreciation and amortization |
6,428
|
10,340
|
| Bad debt expense |
1,340
|
(27)
|
| Amortization of discount and deferred financing costs |
1,020
|
1,087
|
| Gain on extinguishment of debt |
|
(4,236)
|
| Deferred income taxes |
365
|
(110)
|
| Share-based compensation |
1,247
|
1,662
|
| Equity in earnings of affiliates |
(1,269)
|
(629)
|
| Dividends received from affiliates |
1,091
|
1,363
|
| Restructuring activities |
|
(178)
|
| Gain from disposal of property and equipment |
(145)
|
(740)
|
| Changes in current assets and liabilities: |
|
|
| Increase in customer receivables |
(159)
|
(7,672)
|
| (Increase) decrease in costs and estimated earnings in excess of billings on uncompleted contracts |
(6,863)
|
7,766
|
| Decrease in inventories |
1,121
|
1,522
|
| Decrease in other current assets |
221
|
3,765
|
| (Decrease) increase in accounts payable and accrued expenses |
(2,695)
|
2,849
|
| Increase in billings in excess of costs and estimated earnings on uncompleted contracts |
1,971
|
4,515
|
| Other, net |
(447)
|
(1,482)
|
| Cash (used in) provided by operating activities |
(5,577)
|
13,237
|
| Cash flow from investing activities: |
|
|
| Additions to property and equipment |
(3,320)
|
(2,187)
|
| Proceeds from disposal of property and equipment |
946
|
1,315
|
| Release of cash from restricted accounts |
1,944
|
185
|
| Cash used in investing activities |
(430)
|
(687)
|
| Cash flow from financing activities: |
|
|
| Repayments under revolving loan facilities |
|
(22,131)
|
| Proceeds from 8.0% convertible notes |
|
49,950
|
| Payment of debt issuance costs |
(3)
|
(5,063)
|
| Principal payments under capital lease obligation |
(26)
|
(54)
|
| Cash (used in) provided by financing activities |
(29)
|
22,702
|
| Effects of exchange rate changes on cash |
316
|
(303)
|
| Net (decrease) increase in cash and cash equivalents |
(5,720)
|
34,949
|
| Cash and cash equivalents at beginning of period |
65,569
|
21,661
|
| Cash and cash equivalents at end of period |
$ 59,849
|
$ 56,610
|