Raven Industries (RAVN) 10-Q/A 2 Feb 17 2016 Q3 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2015	Nov. 27, 2015
Document Information [Line Items]
Entity Registrant Name	RAVEN INDUSTRIES INC
Entity Central Index Key	82,166
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q/A
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	true
Amendment Description	Explanatory Note This Amendment No. 1 to Form 10-Q (this Amendment) amends the Quarterly Report on Form 10-Q for the three and nine months ended October 31, 2015 originally filed with the Securities and Exchange Commission (SEC) on December 4, 2015 (the Original Filing) by Raven Industries, Inc. (the Company). Restatement As further discussed in Note 2 to our unaudited consolidated financial statements in Part I, Item 1. "Financial Statements" of this Quarterly Report on Form 10-Q/A, subsequent to the issuance of the Original Filing, we and our Audit Committee concluded that we should restate our previously issued consolidated financial statements to correct for errors related to (i) the impairment of goodwill, finite-lived intangibles, and other long-lived assets related to our Vista reporting unit; (ii) the fair value of acquisition-related contingent consideration; and (iii) income tax accounting. In connection with the restatement, the Company also recorded adjustments for certain other errors which management has concluded are immaterial. These corrections will also result in a restatement of our consolidated financial statements for the year ended January 31, 2016 and of our unaudited consolidated financial statements for the quarter ended April 30, 2016. We will file an amended Form 10-K and amended Form 10-Q to address these corrections. Disclosure Controls and Procedures Management has reassessed its evaluation of the effectiveness of the design and operation of its disclosure controls and procedures as of October 31, 2015. As a result of that reassessment, management has concluded that the Company did not maintain effective disclosure controls and procedures due to the material weaknesses in internal control over financial reporting which existed at that date. For a description of the material weaknesses in internal control over financial reporting and actions taken, and to be taken, to address the material weaknesses, see Part 1, Item 4. "Controls and Procedures" of this Amended Quarterly Report on form 10-Q/A. Amendment Accordingly, the purpose of this Amendment is to (i) restate our previously issued unaudited consolidated financial statements and related disclosures in Part I, Item 1. "Financial Statements" for the three and nine months ended October 31, 2015 as well as related disclosures in Part I, Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations," to reflect the correction of the errors described above and which were described in the Company’s Form 8-K filed with the SEC on November 23, 2016, and (ii) to amend and restate in its entirety Part I, Item 4. "Controls and Procedures" of the Original Filing to reflect the conclusions by the Company’s management that internal control over financial reporting and disclosure controls and procedures were not effective as of October 31, 2015 due to the identification of the material weaknesses which resulted in the errors described above and which were described in the Company’s Form 8-K filed with the SEC on November 23, 2016. Except as expressly set forth herein, this Amendment does not reflect events occurring after the date of the Original Filing or modify or update any of the other disclosures contained therein in any way other than as required to reflect the amendment discussed above and to enhance disclosures in Part I, Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations," to be consistent with the enhanced disclosures included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2016. Accordingly, this Amendment should be read in conjunction with the Original Filing and our other filings with the SEC. The Company will also file an amendment to the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2016, originally filed with the SEC on March 29, 2016, to restate the Company's previously issued audited consolidated financial statements for the fiscal year ended January 31, 2016 to correct the errors referenced above. The Company will restate management's report on internal control over financial reporting and its evaluation of disclosure controls and procedures (to be included in its amended Annual Report on Form 10-K/A for the fiscal year ended January 31, 2016) and will receive an adverse opinion on internal control over financial reporting as of January 31, 2016 from its independent registered public accounting firm, PricewaterhouseCoopers LLP. With respect to its Form 10-Q for the quarterly period ended April 30, 2016, the Company will also restate its previously issued unaudited consolidated financial statements as well as Part I, Item 4. "Controls and Procedures." References in this Amendment to Raven Industries, Inc., the Company, "we", "our" or "us" refer to Raven Industries, Inc. and its wholly-owned and consolidated subsidiaries, net of a noncontrolling interest recorded for the noncontrolling investor's interests in the net assets of a 75% owned business venture. Items Amended in this Filing For reasons discussed above, we are filing this Amendment in order to amend the following items in our Original Report to the extent necessary to reflect the adjustments discussed above and make corresponding revisions to our financial data cited elsewhere in this Amendment:
Entity Common Stock, Shares Outstanding		36,505,845

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Oct. 31, 2014
Current assets
Cash and cash equivalents	$ 32,287	$ 51,949	$ 66,358
Short-term investments	250	250	250
Accounts receivable, net	39,293	56,576	54,533
Inventories	48,636	55,152	51,800
Deferred income taxes	3,296	3,958	3,299
Other current assets	2,915	3,094	2,881
Total current assets	126,677	170,979	179,121
Property, plant and equipment, net	117,206	117,513	100,369
Goodwill	40,712	52,148	25,234
Amortizable intangible assets, net	13,327	18,490	9,005
Other assets	3,859	3,743	3,734
TOTAL ASSETS	301,781	362,873	317,463
Current liabilities
Accounts payable	7,160	11,545	11,614
Accrued liabilities	11,597	19,187	16,922
Customer advances	907	1,111	1,540
Total current liabilities	19,664	31,843	30,076
Other liabilities	14,511	25,793	20,432
Commitments and contingencies
Shareholders' equity
Common stock, $1 par value, authorized shares 100,000; issued 67,006; 66,947; and 65,400, respectively	67,006	66,947	65,400
Paid-in capital	53,919	53,237	14,579
Retained earnings	232,315	244,180	242,973
Accumulated other comprehensive loss	(3,026)	(5,849)	(2,693)
Treasury stock at cost, 30,500; 28,897; and 28,897 shares, respectively	(82,700)	(53,362)	(53,362)
Total Raven Industries, Inc. shareholders' equity	267,514	305,153	266,897
Noncontrolling interest	92	84	58
Total shareholders' equity	267,606	305,237	266,955
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 301,781	$ 362,873	$ 317,463

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Oct. 31, 2015	Jan. 31, 2015	Oct. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Common stock, shares authorized (in shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (in shares)	67,006,000	66,947,000	65,400,000
Treasury stock, at cost (in shares)	30,500,000	28,897,000	28,897,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Income Statement [Abstract]
Net sales	$ 67,611	$ 91,292	$ 205,402	$ 288,287
Cost of sales	50,639	66,953	150,213	206,524
Gross profit	16,972	24,339	55,189	81,763
Research and development expenses	4,005	4,318	10,757	13,675
Selling, general, and administrative expenses	7,480	9,862	25,302	30,701
Goodwill impairment loss	11,497	0	11,497	0
Long-lived asset impairment loss	3,813	0	3,813	0
Operating (loss) income	(9,823)	10,159	3,820	37,387
Other (expense), net	(123)	(72)	(433)	(210)
(Loss) income before income taxes	(9,946)	10,087	3,387	37,177
Income taxes (benefit) provision	(3,780)	3,290	471	11,599
Net (loss) income	(6,166)	6,797	2,916	25,578
Net income attributable to the noncontrolling interest	22	14	58	38
Net (loss) income attributable to Raven Industries, Inc.	$ (6,188)	$ 6,783	$ 2,858	$ 25,540
Net (loss) income per common share:
Basic (in dollars per share)	$ (0.17)	$ 0.19	$ 0.08	$ 0.70
Diluted (in dollars per share)	(0.17)	0.18	0.08	0.70
Cash dividends paid per common share (in dollars per share)	$ 0.13	$ 0.13	$ 0.39	$ 0.37
Comprehensive income:
Net (loss) income	$ (6,166)	$ 6,797	$ 2,916	$ 25,578
Other comprehensive income (loss), net of tax:
Foreign currency translation	2	(463)	(172)	(588)
Postretirement benefits, net of income tax benefit of $1,606, $14, $1,572, and $40, respectively	2,794	24	2,995	74
Other comprehensive income (loss), net of tax	2,796	(439)	2,823	(514)
Comprehensive (loss) income	(3,370)	6,358	5,739	25,064
Comprehensive income attributable to noncontrolling interest	22	14	58	38
Comprehensive (loss) income attributable to Raven Industries, Inc.	$ (3,392)	$ 6,344	$ 5,681	$ 25,026

Consolidated Statements of Inc5

Consolidated Statements of Income and Comprehensive Income (Parenthetical) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Income Statement [Abstract]
Other comprehensive income, postretirement benefits, income tax benefit	$ 1,606	$ 14	$ 1,572	$ 40

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	$1 Par Common Stock [Member]	Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Raven Industries, Inc. Equity [Member]	Non-controlling Interest [Member]
Balance at beginning of period at Jan. 31, 2014	$ 251,462	$ 65,318	$ 10,556	$ (53,362)	$ 231,029	$ (2,179)	$ 251,362	$ 100
Treasury stock at beginning of period (in shares) at Jan. 31, 2014				28,897,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	25,578				25,540		25,540	38
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	(588)					(588)	(588)
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	74					74	74
Cash dividends	(13,492)		104		(13,596)		(13,492)
Dividends of less than wholly owned subsidiary paid to noncontrolling interest	(80)							(80)
Director shares issued	0	18	(18)
Shares issued on stock options exercised, net of shares withheld for employee taxes	574	64	510				574
Share-based compensation	3,336		3,336				3,336
Income tax impact related to share-based compensation	91		91				91
Balance at end of period at Oct. 31, 2014	$ 266,955	65,400	14,579	$ (53,362)	242,973	(2,693)	266,897	58
Treasury stock at end of period (in shares) at Oct. 31, 2014	28,897,000			28,897,000
Balance at beginning of period at Jan. 31, 2015	$ 305,237	66,947	53,237	$ (53,362)	244,180	(5,849)	305,153	84
Treasury stock at beginning of period (in shares) at Jan. 31, 2015	28,897,000			28,897,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ 2,916				2,858		2,858	58
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	(172)					(172)	(172)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax	2,770					2,770	2,770
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(225)					(225)	(225)
Cash dividends	(14,598)		125		(14,723)		(14,598)
Dividends of less than wholly owned subsidiary paid to noncontrolling interest	(50)							(50)
Share issuance costs related to fiscal 2015 business combination	(15)		(15)				(15)
Shares issued on stock options exercised, net of shares withheld for employee taxes	(47)	7	(54)				(47)
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(458)	52	(510)				(458)
Shares repurchased	$ (29,338)			$ (29,338)			(29,338)
Shares repurchased, Treasury Stock	1,602,545			1,603,000
Share-based compensation	$ 1,826		1,826				1,826
Income tax impact related to share-based compensation	(690)		(690)				(690)
Balance at end of period at Oct. 31, 2015	$ 267,606	$ 67,006	$ 53,919	$ (82,700)	$ 232,315	$ (3,026)	$ 267,514	$ 92
Treasury stock at end of period (in shares) at Oct. 31, 2015	30,500,000			30,500,000

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Parenthetical) (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.390	$ 0.370
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax	$ (19)	$ 40
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit), Tax	$ 1,591

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
OPERATING ACTIVITIES:
Net income	$ 2,916	$ 25,578
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	13,201	12,538
Change in fair value of acquisition-related contingent consideration	(1,720)	514
Goodwill impairment loss	11,497	0
Long-lived asset impairment loss	3,813	0
Loss from equity investment	126	138
Deferred income taxes	(6,685)	(2,420)
Share-based compensation expense	1,826	3,336
Change in operating assets and liabilities:
Accounts receivable	16,144	2,108
Inventories	4,820	2,768
Other assets	228	(555)
Operating liabilities	(12,580)	1,623
Other operating activities, net	1,595	67
Net cash provided by operating activities	35,181	45,695
INVESTING ACTIVITIES:
Capital expenditures	(10,771)	(12,797)
Proceeds (payments) related to business acquisitions	351	(4,711)
Proceeds from sales of short-term investments	0	250
Purchase of short-term investments	0	(250)
Proceeds from sale of assets	1,960	0
Other investing activities	(506)	(604)
Net cash used in investing activities	(8,966)	(18,112)
FINANCING ACTIVITIES:
Dividends paid	(14,648)	(13,572)
Payments for common shares repurchased	(29,338)	0
Payments of acquisition-related debt	0	(648)
Payments of acquisition-related contingent liability	(773)	(491)
Debt issuance costs paid	(548)	0
Restricted stock units vested and issued	(458)	0
Employee stock option exercises net of tax benefit	(85)	665
Other financing activities, net	(15)	0
Net cash used in financing activities	(45,865)	(14,046)
Effect of exchange rate changes on cash	(12)	(166)
Net (decrease) increase in cash and cash equivalents	(19,662)	13,371
Cash and cash equivalents at beginning of year	51,949	52,987
Cash and cash equivalents at end of period	$ 32,287	$ 66,358

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	9 Months Ended
	Oct. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Principles of Consolidation	BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION Raven Industries, Inc. (the Company or Raven) is a diversified technology company providing a variety of products to customers within the industrial, agricultural, energy, construction, and military/aerospace markets. The Company is comprised of three unique operating units, or divisions, classified into reportable segments: Applied Technology, Engineered Films, and Aerostar. The accompanying unaudited consolidated financial information, which includes the accounts of Raven and its wholly-owned or controlled subsidiaries, net of intercompany balances and transactions which have been eliminated, has been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (SEC). Accordingly, it does not include all of the information and notes required by GAAP for complete financial statements. This financial information should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2015 . In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of this financial information have been included. Financial results for the interim nine -month period ended October 31, 2015 are not necessarily indicative of the results that may be expected for the year ending January 31, 2016 . The January 31, 2015 consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP. Preparing financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Noncontrolling interests represent capital contributions, income and loss attributable to the owners of less than wholly-owned consolidated entities. The Company owns a 75% interest in an entity consolidated under the Aerostar business segment. Given the Company's majority ownership interest, the accounts of the business venture have been consolidated with the accounts of the Company, and a noncontrolling interest has been recorded for the noncontrolling investor interests in the net assets and operations of the business venture.

Restatement of the Unaudited Co

Restatement of the Unaudited Consolidated Financial Statements	9 Months Ended
	Oct. 31, 2015
Accounting Changes and Error Corrections [Abstract]
Restatement of the Unaudited Consolidated Financial Statements	RESTATEMENT OF THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Management has identified certain financial statement errors as further described below. Vista In conjunction with the identification of the material weakness in internal controls related to the Company’s accounting for goodwill and long-lived assets, including finite-lived assets, the Company reassessed the impairment analysis of the Vista reporting unit that had been performed during the quarter ended October 31, 2015. Based on that reassessment, the Company concluded that there were errors in certain forecast assumptions and in the determination of the unit of account for long-lived asset impairment testing which resulted in a $3,813 understatement of impairment charges related to certain long-lived assets that should have been recorded in the quarter ended October 31, 2015. The Company has corrected this error by recording an impairment charge of $3,813 , reported as "Long-lived asset impairment loss" in the Consolidated Statements of Income and Comprehensive Income. Of the total long-lived asset impairment adjustment, $3,259 was related to amortizable intangible assets related to radar technology, radar customers, and patents and $554 was related to property, plant, and equipment. The Company also determined that the forecast assumption errors resulted in an understatement of the amount of goodwill impairment originally recognized in the quarter ended October 31, 2015 and that the tax-deductible goodwill of the Vista reporting unit should have been fully impaired as of that date. The Company has corrected this error by recording an additional goodwill impairment charge of $4,084 in the quarter ended October 31, 2015. In connection with the acquisition of Vista in 2012, the Company entered into an agreement to make annual payments based upon percentages of specific revenue streams for seven years after the acquisition date. In connection with the errors in the forecast assumptions noted above, the Company determined that there was also an error in determining the fair value of the acquisition-related contingent consideration liability in the quarter ended October 31, 2015. The Company has corrected this error by recording a reduction in "Accrued liabilities" (acquisition-related contingent consideration) of $44 , "Other liabilities" (acquisition-related contingent consideration) of $746 , and "Cost of sales" of $790 for the quarter ended October 31, 2015. As a result of the material weakness in internal controls related to the Company’s monitoring of inventory existence, the Company identified a net $12 understatement of the carrying value of inventory as of October 31, 2015. The Company corrected the error by increasing inventory and reducing "Cost of sales" for the quarter ended October 31, 2015. Other The financial statements are also being adjusted to correct the income tax benefit for the impact of the goodwill, intangibles and acquisition-related contingent consideration liability error corrections noted above, as well as to correct for other tax accounting errors. The aggregate impact of tax accounting errors resulted in a $2,489 increase of "Income tax (benefit) provision", a reduction of "Accrued liabilities" (income tax payable) of $265 , a reduction of "Other Liabilities" (deferred income taxes) of $1,460 , a reduction of "Other liabilities" (uncertain tax positions) of $340 , and a $423 reduction of "Paid-in capital" for the quarter ended October 31, 2015. The effects of the restatement on the Company's unaudited consolidated balance sheets as of October 31, 2015 are as follows (in thousands): October 31, 2015 Consolidated Balance Sheets (unaudited): As Previously Reported Restatement Adjustments As Restated Inventories $ 48,624 $ 12 $ 48,636 Total current assets 126,665 12 126,677 Property, plant and equipment, net 117,760 (554 ) 117,206 Goodwill 44,796 (4,084 ) 40,712 Amortizable intangible assets, net 16,586 (3,259 ) 13,327 Total assets 309,666 (7,885 ) 301,781 Accrued liabilities 11,906 (309 ) 11,597 Total current liabilities 19,973 (309 ) 19,664 Other liabilities 17,057 (2,546 ) 14,511 Paid-in capital 54,342 (423 ) 53,919 Retained earnings 236,922 (4,607 ) 232,315 Total Raven Industries, Inc. shareholders' equity 272,544 (5,030 ) 267,514 Total shareholders' equity 272,636 (5,030 ) 267,606 Total liabilities and shareholders' equity 309,666 (7,885 ) 301,781 The effects of the restatement on the Company's unaudited consolidated statements of income and comprehensive income for the three and nine months ended October 31, 2015 are as follows (in thousands): Three Months Ended October 31, 2015 Nine Months Ended October 31, 2015 Consolidated Statements of Income and Comprehensive Income (unaudited): As Previously Reported Restatement Adjustments As Restated As Previously Reported Restatement Adjustments As Restated Cost of sales $ 51,440 $ (801 ) $ 50,639 $ 151,014 $ (801 ) $ 150,213 Gross profit 16,171 801 16,972 54,388 801 55,189 Goodwill impairment loss 7,413 4,084 11,497 7,413 4,084 11,497 Long-lived asset impairment loss — 3,813 3,813 — 3,813 3,813 Operating (loss) income (2,727 ) (7,096 ) (9,823 ) 10,916 (7,096 ) 3,820 (Loss) income before income taxes (2,850 ) (7,096 ) (9,946 ) 10,483 (7,096 ) 3,387 Income taxes (benefit) provision (1,291 ) (2,489 ) (3,780 ) 2,960 (2,489 ) 471 Net (loss) income (1,559 ) (4,607 ) (6,166 ) 7,523 (4,607 ) 2,916 Net (loss) income attributable to Raven Industries, Inc. (1,581 ) (4,607 ) (6,188 ) 7,465 (4,607 ) 2,858 Net (loss) income per common share: ─ Basic (0.04 ) (0.13 ) (0.17 ) 0.20 (0.12 ) 0.08 ─ Diluted (0.04 ) (0.13 ) (0.17 ) 0.20 (0.12 ) 0.08 Comprehensive income (loss) 1,237 (4,607 ) (3,370 ) 10,346 (4,607 ) 5,739 Comprehensive income attributable to Raven Industries, Inc. 1,215 (4,607 ) (3,392 ) 10,288 (4,607 ) 5,681 The effects of the restatement on the Company's consolidated statements of shareholders' equity as of and for the nine months ended October 31, 2015 are as follows (in thousands): Nine Months Ended October 31, 2015 Consolidated Statements of Shareholders' Equity (unaudited): As Previously Reported Restatement Adjustments As Restated Net income 7,523 (4,607 ) 2,916 Income tax impact related to share-based compensation (267 ) (423 ) (690 ) Total shareholders' equity as of October 31, 2015 272,636 (5,030 ) 267,606 The effects of the restatement on the Net Cash provided by operating activities of the Company's unaudited consolidated statements of cash flows for the nine months ended October 31, 2015 are as follows (in thousands): Nine Months Ended October 31, 2015 Consolidated Statements of Cash Flows (unaudited): As Previously Reported Restatement Adjustments As Restated Net income $ 7,523 $ (4,607 ) $ 2,916 Change in fair value of acquisition-related contingent consideration (930 ) (790 ) (1,720 ) Goodwill impairment loss 7,413 4,084 11,497 Long-lived asset impairment loss — 3,813 3,813 Deferred income taxes (4,765 ) (1,920 ) (6,685 ) Change in inventories 4,832 (12 ) 4,820 Operating liabilities (12,012 ) (568 ) (12,580 ) Net cash provided by operating activities 35,181 — 35,181 There were no impacts to Net cash used in investing activities or Net cash used in financing activities within our consolidated statement of cash flows nor was there an impact on the Net (decrease) increase in cash and cash equivalents resulting from restatement. The impacts of the restatements have been reflected throughout these unaudited financial statements, including the applicable footnotes, as appropriate. As the Company has been unable to timely file its Quarterly Reports on Form 10-Q for the three and six months ended July 31, 2016 and the three and nine months ended October 31, 2016, the Company is currently non-compliant with NASDAQ Listing Rule 5250(c)(1). In addition, the Company has requested and received covenant waivers from its lenders related to its credit agreement due to its late filing of financial statement information during fiscal 2017 .

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company prospectively adopted the straight-line method of depreciation for manufacturing equipment, office equipment, and furniture and fixtures placed in service on or after February 1, 2015. This change was made as a straight-line method of depreciation more accurately reflects the economic consumption of these assets than did the accelerated method previously used. This prospective change in the depreciation method did not have a material effect on the Company’s financial position or results of operations for the three- or nine-month periods ended October 31, 2015. As described in Note 1 Summary of Significant Accounting Policies of the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2015, the Company assesses the recoverability of long-lived and intangible assets using fair value measurement techniques annually, or more frequently if events or changes in circumstances indicate that an asset might be impaired. An impairment loss is recognized when the carrying amount of an asset is below the estimated undiscounted cash flows used in determining the fair value of the assets. The cash flows used for this analysis are similar to those used in the goodwill impairment assessment discussed further below. As also described in Note 1 Summary of Significant Accounting Policies of the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2015, the Company recognizes goodwill as the excess cost of an acquired business over the net amount assigned to assets acquired and liabilities assumed. Management assesses goodwill for impairment annually during the fourth quarter and between annual tests whenever a triggering event indicates there may be an impairment. Impairment tests of goodwill are done at the reporting unit level. When performing goodwill impairment testing, the fair values of reporting units are determined based on valuation techniques using the best available information, primarily discounted cash flow projections. Such valuations are derived from valuation techniques in which one or more significant inputs are not observable (Level 3 fair value measures). In the fiscal 2016 second quarter the Company performed a Step 1 impairment analysis using fair value techniques on the Engineered Films reporting unit as a result of changes in market conditions indicating that goodwill might be impaired. The reporting unit's fair value was estimated based on discounted cash flows and that fair value amount was compared to the carrying value of the reporting unit. This analysis indicated that the estimated fair value of the Engineered Films reporting unit exceeded the net book value by approximately $50,700 or 37.2% . No significant changes were noted in the market conditions in fiscal 2016 third quarter and operating income was consistent with expectations at the end of second quarter. Although oil prices continue to be lower and sales are down, the profitability of the division continues to be higher than the trailing months at the time of the impairment analysis given the lower material costs in comparison to the selling price. As such, the Company concluded a triggering event did not occur in the current quarter for Engineered Films. In the fiscal 2016 third quarter the Company determined that a triggering event occurred for its Vista reporting unit, a subsidiary of the Aerostar Division. In addition to the Company making a change in the executive leadership of the Vista reporting unit during the quarter, financial expectations for sales and operating income of the reporting unit were lowered due to delays and uncertainties regarding the reporting unit’s pursuit of large international opportunities, one of which was expected to be awarded during the current quarter. While Vista has been in the process of negotiating a large international contract, the contract did not materialize in the fiscal 2016 third quarter as expected. The likelihood of being awarded this or other such contracts in the next twelve months is now lower than it was in the second quarter. The Company continues to pursue these international opportunities, but the timing of any contract award is less certain. As a result of a delay in being awarded this large international contract, the Company lowered its financial forecast for the business. As a result of these factors, the Company performed a Step 1 impairment analysis using fair value techniques as of October 31, 2015 for both long-lived assets and goodwill. As described in Note 7 Goodwill and Long-lived Asset Impairment Loss and Other Charges, the Company concluded that the Vista goodwill balance was fully impaired and that certain long-lived assets of the Vista reporting unit, including finite-lived intangible assets, were impaired as of October 31, 2015. Although the profitability of the Company’s other two reporting units, Aerostar (all operations other than Vista) and Applied Technology, has been down as compared to the prior year, the Company identified no triggering events requiring a Step 1 goodwill impairment analysis or long-lived asset impairment test for either of these reporting units. The Company will conduct its planned annual assessment of goodwill for impairment in the fourth quarter. There have been no material changes to the Company's significant accounting policies as described in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2015 .

Net (Loss) Income per Share

Net (Loss) Income per Share	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Net Income per Share	NET (LOSS) INCOME PER SHARE Basic net income per share is computed by dividing net income by the weighted average common shares and stock units outstanding. Diluted net income per share is computed by dividing net income by the weighted average common and common equivalent shares outstanding which includes the shares issuable upon exercise of employee stock options (net of shares assumed purchased with the option proceeds), stock units, and restricted stock units outstanding. Performance share awards are included in the diluted calculation based upon what would be issued if the end of the most recent reporting period was the end of the term of the award. Weighted average common and common equivalent shares outstanding are excluded from the diluted loss per share calculation as their inclusion would have an antidilutive effect. Certain outstanding options and restricted stock units were excluded from the diluted net income per-share calculations because their effect would have been anti-dilutive under the treasury stock method. The options and restricted stock units excluded from the diluted net income per-share share calculation were as follows: Three Months Ended Nine Months Ended October 31, 2015 (As Restated) October 31, October 31, 2015 (As Restated) October 31, Anti-dilutive options and restricted stock units 1,216,318 846,205 1,150,227 574,631 The computation of earnings per share is presented below: Three Months Ended Nine Months Ended October 31, 2015 (As Restated) October 31, October 31, 2015 (As Restated) October 31, Numerator: Net (loss) income attributable to Raven Industries, Inc. $ (6,188 ) $ 6,783 $ 2,858 $ 25,540 Denominator: Weighted average common shares outstanding 36,785,140 36,499,018 37,481,675 36,462,441 Weighted average stock units outstanding 92,470 68,721 84,597 69,616 Denominator for basic calculation 36,877,610 36,567,739 37,566,272 36,532,057 Weighted average common shares outstanding 36,785,140 36,499,018 37,481,675 36,462,441 Weighted average stock units outstanding 92,470 68,721 84,597 69,616 Dilutive impact of stock options and restricted stock units — 165,504 47,773 188,713 Denominator for diluted calculation 36,877,610 36,733,243 37,614,045 36,720,770 Net (loss) income per share - basic $ (0.17 ) $ 0.19 $ 0.08 $ 0.70 Net (loss) income per share - diluted $ (0.17 ) $ 0.18 $ 0.08 $ 0.70

Selected Balance Sheet Informat

Selected Balance Sheet Information	9 Months Ended
	Oct. 31, 2015
Selected Balance Sheet Information [Abstract]
Selected Balance Sheet Information	SELECTED BALANCE SHEET INFORMATION Following are the components of selected items from the Consolidated Balance Sheets: October 31, 2015 (As Restated) January 31, 2015 October 31, 2014 Accounts receivable, net: Trade accounts $ 40,062 $ 56,895 $ 54,889 Allowance for doubtful accounts (769 ) (319 ) (356 ) $ 39,293 $ 56,576 $ 54,533 Inventories: Finished goods $ 5,211 $ 8,127 $ 7,981 In process 2,157 1,317 2,063 Materials 41,268 45,708 41,756 $ 48,636 $ 55,152 $ 51,800 Other current assets: Insurance policy benefit $ 728 $ 733 $ 517 Federal tax receivable — 713 — Receivable from sale of business 420 — — Prepaid expenses and other 1,767 1,648 2,364 $ 2,915 $ 3,094 $ 2,881 Property, plant and equipment, net: Held for use: Land $ 2,974 $ 3,246 $ 2,077 Buildings and improvements 76,775 78,140 69,353 Machinery and equipment 138,921 131,766 124,057 Accumulated depreciation (102,263 ) (96,545 ) (95,118 ) Accumulated impairment losses (554 ) — — $ 115,853 $ 116,607 $ 100,369 Held for sale: Land $ 324 $ 11 $ — Buildings and improvements 2,597 1,522 — Machinery and equipment 639 — — Accumulated depreciation (2,207 ) (627 ) — 1,353 906 — $ 117,206 $ 117,513 $ 100,369 Other assets, net: Investment in affiliate $ 2,720 $ 3,217 $ 3,175 Other, net 1,139 526 559 $ 3,859 $ 3,743 $ 3,734 Accrued liabilities: Salaries and related $ 1,177 $ 4,063 $ 1,875 Benefits 3,925 5,001 5,778 Insurance obligations 1,852 1,590 1,426 Warranties 1,639 3,120 2,456 Income taxes 748 536 1,140 Other taxes 977 1,240 1,052 Acquisition-related contingent consideration 448 1,375 1,191 Other 831 2,262 2,004 $ 11,597 $ 19,187 $ 16,922 Other liabilities: Postretirement benefits $ 7,898 $ 11,812 $ 8,264 Acquisition-related contingent consideration 1,483 3,631 3,587 Deferred income taxes 2,205 7,091 1,406 Uncertain tax positions 2,925 3,259 7,175 $ 14,511 $ 25,793 $ 20,432

Acquisitions of and Investments

Acquisitions of and Investments in Businesses and Technologies	9 Months Ended
	Oct. 31, 2015
Business Combinations [Abstract]
Acquisitions of and Investments in Businesses and Technologies	ACQUISITIONS OF AND INVESTMENTS IN BUSINESSES AND TECHNOLOGIES Integra Related to the fourth quarter fiscal 2015 acquisition of Integra Plastics, Inc. (Integra), the Company received $351 in settlement of the working capital adjustment to the purchase price and finalized deferred tax calculations in fiscal 2016 first quarter. These transactions resulted in an adjustment of about $20 to the purchase price allocation. As of as October 31, 2015 , the purchase price valuation was $48,262 with fair value of goodwill of $27,422 . None of this goodwill is tax deductible. Acquisition-related Contingent Consideration The Company has contingent liabilities related to prior year acquisitions of SBG Innovatie BV and its affiliate, Navtronics BVBA (collectively, SBG) in May 2014 and Vista in January 2012 . The fair value of such contingent consideration is estimated using forecasted discounted cash flows. Projecting discounted future cash flows requires the Company to make significant estimates and assumptions regarding future revenues under the subject contingent agreement and the appropriate discount rate. Such valuations techniques include one or more significant inputs that are not observable (Level 3 fair value measures). In connection with the acquisition of SBG, Raven is committed to making additional earn-out payments, not to exceed $2,500 , calculated and paid quarterly for ten years after the purchase date contingent upon achieving certain revenues. At October 31, 2015 , the fair value of this contingent consideration was $1,338 , of which $329 was classified as "Accrued liabilities" and $1,009 was classified as "Other liabilities" in the Consolidated Balance Sheets. At October 31, 2014 , the fair value of this contingent consideration was $1,583 , of which $298 was classified as "Accrued liabilities" and $1,285 as "Other liabilities." The Company paid $38 and $188 in earn-out payments in the three- and nine -month periods ended October 31, 2015 . There were $37 earn-out payments in the three- and nine -month periods ended October 31, 2014 . Related to the acquisition of Vista in 2012 , the Company is committed to making annual payments based upon earn-out percentages on specific revenue streams for seven years after the purchase date, not to exceed $15,000 . As a result of the triggering event described in Note 3 Summary of Significant Accounting Policies , the Company performed a Step 1 and Step 2 impairment analysis for the Vista reporting unit. The result of the Step 2 analysis is more fully described in Note 7 Goodwill and Long-lived Asset Impairment Loss and Other Charges . The Company evaluated the fair value of the remaining assets and liabilities including acquisition related contingent consideration. This analysis included reduction of $2,273 in the fair value of this contingent consideration which was recognized in "Cost of sales" in the Consolidated Statements of Income and Comprehensive Income for the three- and nine-month periods ended October 31, 2015 . At October 31, 2015 the fair value of this contingent consideration was $550 , of which $76 was classified in "Accrued liabilities" and $474 as "Other liabilities" in the Consolidated Balance Sheets. At October 31, 2014 the fair value of this contingent consideration was $2,841 , of which $539 was classified as "Accrued liabilities" and $2,302 as "Other liabilities" in the Consolidated Balance Sheets. The Company paid $585 and $454 in the nine-month periods ended October 31, 2015 and 2014 , respectively. The Company made no earn-out payments in the three-month periods ended October 31, 2015 or 2014, respectively.

Goodwill and Long-Lived Asset I

Goodwill and Long-Lived Asset Impairment Loss and Other Charges	9 Months Ended
	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Long-Lived Asset Impairment Loss and Other Charges	OODWILL AND LONG-LIVED ASSET IMPAIRMENT LOSS AND OTHER CHARGES Pre-contract Deferred Cost Write-offs From time to time, the Company incurs costs before a contract is finalized and such pre-contract costs are deferred to the balance sheet to the extent they relate to a specific project and the Company has concluded that is probable that the contract will be awarded for more than the amount deferred. Pre-contract cost deferrals are common with Vista's business pursuits. As described in Note 3 Summary of Significant Accounting Policies, Vista has been pursuing international opportunities and was in the process of negotiating a large international contract that did not materialize in the fiscal 2016 third quarter as expected. Expectations were lowered as the timing and likelihood of completing certain international pursuits became less certain. While the Company continues to pursue international opportunities, it is not likely that major contracts will be successfully executed within the next twelve months as previously expected. Corresponding to these lower expectations, the pre-contract costs associated with these pursuits were written off during the fiscal 2016 third quarter. Vista recorded a charge of $2,933 , (which is comprised of $2,075 of costs capitalized as of July 31, 2015 and additional costs of $858 capitalized during August and September 2015) for the write-off of these pre-contract costs. This charge is recorded in “Cost of sales” in the Consolidated Statements of Income and Comprehensive Income. Goodwill Impairment Loss In the fiscal 2016 third quarter the Company determined that a triggering event occurred for its Vista reporting unit, a subsidiary of the Aerostar division. The triggering event was caused by the lowering of financial expectations for sales and operating income of the reporting unit due to delays and uncertainties regarding the reporting unit’s pursuit of large international opportunities, one of which was expected to be awarded during the quarter. In addition, the Company made a change in the executive leadership of the reporting unit during the quarter. The Step 1 impairment analysis was completed using fair value techniques as of October 31, 2015. In determining the estimated fair value of the Vista reporting unit, the Company was required to estimate a number of factors, including projected revenue growth rates, projected operating results, terminal growth rates, economic conditions, anticipated future cash flows, and the discount rate. On the basis of these estimates, the October 31, 2015 analysis indicated that the estimated fair value of the Vista reporting unit was less than the carrying value. The carrying value exceeded the estimated fair value by $13,986 , or 63.6% . Pursuant to the applicable accounting guidance, the Company performed a Step 2 impairment analysis. In the Step 2 impairment analysis, the fair value determined was allocated to the assets and liabilities of the reporting unit. Based on this Step 2 impairment analysis, the resulting implied fair value of the Vista goodwill was determined to have no value compared to the carrying value recorded for the reporting unit, $11,497 . This $11,497 shortfall was recorded in the current quarter as an impairment charge to operating income reported as "Goodwill impairment loss" in the Consolidated Statements of Income and Comprehensive Income. There were no goodwill impairment losses reported in the three- or nine-month periods ended October 31, 2014 nor were there any accumulated goodwill impairment losses prior to October 31, 2015. Goodwill gross and net of accumulated impairment losses at October 31, 2015 was $52,209 and $40,712 , respectively. Goodwill gross and net of accumulated impairment losses at October 31, 2014 was $25,234 . The changes in the carrying amount of goodwill by reporting unit are shown below: Applied Technology Engineered Films Aerostar (exc. Vista) Vista Total Balance at January 31, 2015 $ 12,550 $ 27,312 $ 789 $ 11,497 $ 52,148 Purchase price adjustment to acquired goodwill (a) — 206 — — 206 Goodwill disposed from sale of business (69 ) — — — (69 ) Goodwill impairment loss (as restated) — — — (11,497 ) (11,497 ) Foreign currency translation adjustment (76 ) — — — (76 ) Balance at October 31, 2015 (as restated) $ 12,405 $ 27,518 $ 789 $ — $ 40,712 (a) Working capital adjustment and final deferred tax adjustment for Integra acquisition (see Note 6 Acquisitions of and Investments in Businesses and Technologies). Long-lived Intangibles Impairment Loss Pursuant to the applicable accounting guidance, the Company determined that the relevant cash flows for long-lived asset testing (the lowest level of cash flows that are largely independent of other groups of assets) are one level below the Vista reporting unit. For Vista, these levels were determined to be an asset group identified for the client private business (CP) and a second group for radar products and services (Radar). While these groups have financial dependence on each other and enable the other to operate in their respective markets of focus, there is little strategic or business interdependence. The two groups have few shared resources, assets or facilities, and long-lived assets are readily identifiable for each asset group. Based on the reassessment of the forecasts of cash flows and these asset groups, the Company concluded that certain long-lived assets of the Vista reporting unit, including finite-lived intangible assets, were impaired as of October 31, 2015. Using the sum of the undiscounted cash flows associated with each of the two asset groups, a Step 1 test was performed for each asset group. The undiscounted cash flows for the CP asset group exceeded the carrying value of the long-lived assets and no Step 2 test was deemed to be necessary based on the recoverability of the long-lived assets. For the Radar asset group, however, the undiscounted cash flows did not exceed the carrying value of the long-lived assets and the Company performed a Step 2 impairment analysis for the long-lived assets. In the Step 2 impairment analysis, the fair value determined was allocated to the assets and liabilities of the Radar asset group. The resulting implied fair value of the Radar asset group long-lived assets was $103 compared to the carrying value of $3,916 for the asset group. The shortfall of $3,813 was recorded in the current quarter as an impairment charge to operating income reported as "Long-lived asset impairment loss" in the Consolidated Statements of Income and Comprehensive Income. Of the total long-lived asset impairment of $3,813 , $3,154 was related to amortizable intangible assets related to radar technology and radar customers, $554 was related to property, plant, and equipment, and $105 was related to patents. There were no long-lived intangible impairment losses reported in the three- or nine-month periods ended October 31, 2014 nor were there any accumulated long-lived intangible impairment losses prior to October 31, 2015.

Employee Postretirement Benefit

Employee Postretirement Benefits	9 Months Ended
	Oct. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Postretirement Benefits	EMPLOYEE POSTRETIREMENT BENEFITS The Company provides postretirement medical and other benefits to senior executive officers and senior managers. These plan obligations are unfunded. On August 25, 2015 the Company amended the employment agreements with five of its senior executive officers eliminating the postretirement medical benefits to these individuals and their spouses. In consideration of eliminating this retiree benefit, the senior executive officers received lump sum payments in amounts ranging from $8 to $15 based on each officer’s years of service to the Company. The Company’s current senior executive officers that either already qualified for retirement or had twenty or more years of service to the Company are still eligible for benefits under their employment agreements. The reduction in active plan participants was accounted for as a negative plan amendment and eliminated the accrual for defined benefits for future services from these individuals and resulted in the subsequent remeasurement of the Company's benefit obligation as of August 31, 2015. The effect of the August 31, 2015 remeasurement of the benefit obligation is as follows: Benefit obligation at January 31, 2015 $ 12,125 Service cost 252 Interest cost 244 Prior service (credit) due to plan amendment (958 ) Actuarial (gain) due to assumption changes (3,403 ) Retiree benefits paid (89 ) Benefit obligation at August 31, 2015 $ 8,171 Fair value of plan assets — Funded status at August 31, 2015 $ (8,171 ) Net actuarial loss in accumulated other comprehensive income 2,710 Unrecognized prior service (credit) (958 ) Accrued postretirement benefit cost at August 31, 2015 $ (6,419 ) The actuarial gain from assumptions changes is primarily the result of an increase in the discount rate at the measurement date. The discount rate is based on matching rates of return on high-quality fixed-income investments with the timing and amount of expected benefit payments. Medical trend rates were developed using a combination of a trend survey and a trend rate model. For the years 2015 through 2017, the rates are based on survey data and client market expectations. The trend rate model was then used to determine the trend rates between the years 2017 through 2030, based on reasonable macro-economic assumptions for the growth of health care expenditures during this period relative to the general economy. The assumptions used to measure the benefit obligation were as follows: Assumptions used to calculate benefit obligation: Measurement date August 31, 2015 January 31, 2015 Discount rate 4.25 % 3.50 % Wage inflation rate 4.00 % 4.00 % Average remaining years of service 15.14 16.05 Health care cost trend rates: Health care cost trend rate assumed for next year 7.00 % 7.20 % Ultimate health care cost trend rate 4.50 % 5.00 % Year that the rate reaches the ultimate trend rate 2030 2025 The negative plan amendment and assumption changes will reduce the net periodic benefit cost for fiscal year 2016 by approximately $300 compared to the amount expected prior to the remeasurement. The components of the net periodic benefit cost for postretirement benefits are as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Service cost $ 49 $ 49 $ 265 $ 147 Interest cost 92 91 302 274 Amortization of actuarial losses 38 38 206 114 Net periodic benefit cost $ 179 $ 178 $ 773 $ 535 Postretirement benefit cost components are reclassified in their entirety from accumulated other comprehensive loss to net periodic benefit cost. Net periodic benefit costs are reported in net income as “Cost of sales” or “Selling, general, and administrative expenses” in a manner consistent with the classification of direct labor and personnel costs of the eligible employees.

Warranties

Warranties	9 Months Ended
	Oct. 31, 2015
Product Warranties Disclosures [Abstract]
Warranties	WARRANTIES Accruals necessary for product warranties are estimated based on historical warranty costs and average time elapsed between purchases and returns for each division. Additional accruals are made for any significant, discrete warranty issues. Changes in the warranty accrual were as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Beginning balance $ 1,752 $ 2,617 $ 3,120 $ 2,525 Accrual for warranties 571 676 1,319 2,065 Settlements made (684 ) (837 ) (2,800 ) (2,134 ) Ending balance $ 1,639 $ 2,456 $ 1,639 $ 2,456

Financing Arrangements

Financing Arrangements	9 Months Ended
	Oct. 31, 2015
Debt Disclosure [Abstract]
Financing Arrangements	FINANCING ARRANGEMENTS On April 15, 2015 the Company's uncollateralized credit agreement with Wells Fargo Bank, N.A. (Wells Fargo) providing a line of credit of $10,500 and maturing on November 30, 2016 was terminated upon the Company's entering into a new credit facility. This new credit facility, the Credit Agreement dated as of April 15, 2015 among Raven Industries, Inc., JPMorgan Chase Bank, N.A., Toronto Branch as Canadian Administrative Agent, JPMorgan Chase Bank, National Association, as administrative agent, and each lender from time to time party thereto (the Credit Agreement), provides for a syndicated senior revolving credit facility up to $125,000 with a maturity date of April 15, 2020 . Unamortized debt issuance costs associated with this Credit Agreement were $489 at October 31, 2015 . Loans or borrowings defined under the Credit Agreement bear interest and fees at varying rates and terms defined in the Credit Agreement based on the type of borrowing as defined. The Credit Agreement contains customary affirmative and negative covenants, including those relating to financial reporting and notification, limits on levels of indebtedness and liens, investments, mergers and acquisitions, affiliate transactions, sales of assets, restrictive agreements, and change in control as defined in the Credit Agreement. Financial covenants include an interest coverage ratio and funded indebtedness to earnings before interest, taxes, depreciation, and amortization as defined in the Credit Agreement. $125,000 was available under the Credit Agreement for borrowings as of October 31, 2015 . The loan proceeds may be utilized by Raven for strategic business purposes and for working capital needs. Simultaneous with execution of the Credit Agreement, Raven, Aerostar, Vista, and Integra entered into a guaranty agreement in favor of JPMorgan Chase Bank National Association in its capacity as administrator under the Credit Agreement for the benefit of JPMorgan Chase Bank N.A., Toronto Branch and the lenders and their affiliates under the Credit Agreement. Letters of credit totaling $ 850 , issued under the previous line of credit with Wells Fargo primarily to support self-insured workers' compensation bonding requirements, remain in place. The Company expects to have these outstanding letters of credit issued under the credit facility. Until such time as that is complete, any draws required under these letters of credit would be settled with available cash or borrowings under the Credit Agreement. There were no borrowings under either credit agreement for any of the fiscal periods covered by this Quarterly Report on Form 10-Q/A.

Contingencies

Contingencies	9 Months Ended
	Oct. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	CONTINGENCIES In the normal course of business, the Company is subject to various claims and litigation. The Company has concluded that the ultimate outcome of these matters is not expected to be significant to the Company’s results of operations, financial position, or cash flows.

Income Taxes Income Taxes

Income Taxes Income Taxes	9 Months Ended
	Oct. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company’s effective tax rate varies from the federal statutory rate primarily due to state and local taxes, tax-exempt captive insurance premiums, and tax benefits on qualified production activities. The Company’s effective tax rates for the nine -month periods ended October 31, 2015 and 2014 were 13.9% and 31.2% , respectively. The 17.3 percentage point decrease in the fiscal 2016 effective rate is primarily due to the relationship between significantly lower pretax income in fiscal 2016 than fiscal 2015 and relatively large permanent tax benefits in fiscal 2016. As of October 31, 2015, undistributed earnings of approximately $1,720 of the Canadian subsidiary were considered to have been reinvested indefinitely and, accordingly, the Company has not provided United States income taxes on such earnings. This estimated tax liability would be approximately $270 net of foreign tax credits.

Restructuring Costs

Restructuring Costs	9 Months Ended
	Oct. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring Costs	RESTRUCTURING COSTS On March 10, 2015 the Company announced and implemented a restructuring plan to further lower its cost structure. The cost reductions covered all divisions and included the corporate offices, but were weighted to Applied Technology as a result of the decline in this business and the expectation of continued end-market weakness for this division. This action was taken in addition to a preemptive restructuring of the Engineered Films Division in the fourth quarter of fiscal 2015 to address the expected decline in demand in the energy sector as the result of falling oil prices, as well as the Applied Technology restructuring announced in November 2014. The Company incurred restructuring costs for severance benefits of $588 in the nine-month period ended October 31, 2015 . This restructuring plan was completed during fiscal 2016 second quarter so no costs were incurred related to this restructuring plan in the three-month period ended October 31, 2015 and there were no unpaid costs at October 31, 2015 . The Company reported $407 of this expense in "Cost of sales" and the remaining $181 in "Selling, general, and administrative expenses" in the Consolidated Statements of Income and Comprehensive Income. Substantially all of these restructuring costs related to the Applied Technology Division. The Company incurred no restructuring costs in the three- or nine-month periods ended October 31, 2014 . Subsequent to the end of fiscal 2015, the Company announced that Applied Technology's remaining contract manufacturing operations in the St. Louis, Missouri area had been successfully sold and transferred. The exit activities related to this sale and transfer were substantially completed during the first quarter. There were no impairments recorded as a result of the exit activity and gains of $611 were recorded in the nine-month period ended October 31, 2015 . There were no gains recorded in the three-month period ended October 31, 2015 . Receivables for inventory and estimated future royalties pursuant to the sale agreements were $420 and were reflected in "Other current assets" in the Consolidated Balance Sheet at October 31, 2015 . Aerostar Division (Vista) Restructuring Plan In addition to the restructuring plan announced in first quarter, the Company's Aerostar segment implemented a restructuring plan at Vista in October 2015 due to reduced demand expectations primarily related to delays and uncertainty surrounding international pursuits. The lower cost structure will preserve the Company's capabilities to pursue domestic and international opportunities for Vista's radar products and technology. Vista incurred restructuring costs for severance benefits of $73 in the three- and nine-month periods ended October 31, 2015 . The restructuring plan was implemented late in third quarter so virtually all of these costs were unpaid at October 31, 2015 . The Company reported $58 of this expense in "Cost of sales" and the remaining $15 in "Research and development expenses" in the Consolidated Statements of Income and Comprehensive Income. In addition to these restructuring costs, Vista incurred a goodwill impairment loss, a long-lived asset impairment loss, and a write-off of some deferred pre-contract costs. These one-time charges are further described in Note 7 Goodwill and Long-lived Asset Impairment Loss and Other Charges . Vista incurred no restructuring costs in the three- or nine-month periods ended October 31, 2014 .

Dividends and Treasury Stock

Dividends and Treasury Stock	9 Months Ended
	Oct. 31, 2015
Stockholders' Equity Note [Abstract]
Dividends and Treasury Stock	DIVIDENDS AND TREASURY STOCK Dividends paid to Raven shareholders for the three and nine months ended October 31, 2015 were $4,764 and $14,598 , or 13.0 cents and 39.0 cents per share, respectively. Dividends paid to Raven shareholders for the three and nine months ended October 31, 2014 were $4,745 and $13,492 , or 13.0 cents and 37.0 cents per share, respectively. On November 30, 2014 the Company announced that its Board of Directors had authorized a $40,000 stock buyback program. The Company repurchased 1,052,587 and 1,602,545 shares in the three- and nine-month periods ended October 31, 2015, respectively. These purchases totaled $18,513 and $29,338 , respectively. The remaining dollar value that may be purchased under the plan at October 31, 2015 is $10,662 .

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 31, 2015
Share-based Compensation [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION The Company reserves shares for issuance pursuant to the Amended and Restated 2010 Stock Incentive Plan effective March 23, 2012, administered by the Personnel and Compensation Committee of the Board of Directors. Two types of awards, stock options and restricted stock units, were granted during the nine months ended October 31, 2015 and October 31, 2014 . Stock Option Awards The Company granted 289,600 and 194,900 non-qualified stock options during the nine -month periods ended October 31, 2015 and 2014, respectively. None of these options were granted during the three-month periods ended October 31, 2015 or October 31, 2014. Options are granted with exercise prices not less than the market value of the Company's common stock at the date of grant. The stock options vest over a four -year period and expire after five years. Options contain retirement and change-in-control provisions that may accelerate the vesting period. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model. The Company uses historical data to estimate option exercises and employee terminations within this valuation model. The weighted average assumptions used for the Black-Scholes option pricing model by grant year are as follows: Nine Months Ended October 31, 2015 October 31, 2014 Risk-free interest rate 1.33 % 1.32 % Expected dividend yield 2.59 % 1.53 % Expected volatility factor 36.81 % 38.65 % Expected option term (in years) 3.75 4.00 Weighted average grant date fair value $4.77 $9.18 Restricted Stock Unit Awards (RSUs) The Company granted 27,696 and 19,040 time-vested RSUs to employees in the nine -month periods ended October 31, 2015 and 2014 , respectively. The Company granted 8,446 awards in the three-month period ended October 31, 2015. There were no awards granted during the three-month period ended October 31, 2014 . The fair value of a time-vested RSU is measured based upon the closing market price of the Company's common stock on the day prior to the date of grant. The weighted average grant date fair value per share of the time-vested RSUs granted in the nine months ended October 31, 2015 was $19.90 . The weighted average grant date fair value per share of the time-vested RSUs granted for the nine-month period ended October 31, 2014 was $32.75 . Time-vested RSUs will vest if, at the end of the three -year period, the employee remains employed by the Company. RSUs contain retirement and change-in-control provisions that may accelerate the vesting period. Dividends are cumulatively earned on the time-vested RSUs over the vesting period. The Company also granted performance-based RSUs in the nine -month period ended October 31, 2015 . The exact number of performance shares to be issued will vary from 0% to 150% of the target award, depending on the Company's actual performance over the three-year period in comparison to the target award. The target award for the fiscal 2016 and 2015 grants are based on return on equity (ROE), which is defined as net income divided by the average of beginning and ending shareholders' equity. The performance-based RSUs will vest if, at the end of the three -year performance period, the Company has achieved certain performance goals and the employee remains employed by the Company. RSUs contain retirement and change-in-control provisions that may accelerate the vesting period. Dividends are cumulatively earned on performance-based RSUs over the vesting period. The number of RSUs that will vest is determined by an estimated ROE target over the three -year performance period. The estimated ROE performance factors used to estimate the number of restricted stock units expected to vest are evaluated at least quarterly. The number of restricted stock units issued at the vesting date will be based on actual results. The fair value of the performance-based restricted stock units is based upon the closing market price of the Company's common stock on the day prior to the grant date. The number of performance-based RSUs granted is based on 100% of the target award. During the nine -month periods ended October 31, 2015 and 2014 , the Company granted 68,570 and 54,490 performance-based RSUs, respectively. None of the performance-based RSUs were granted in the three-month period ended October 31, 2015 or October 31, 2014 . The weighted average grant date fair value per share of these performance-based RSUs was $20.10 and $ 32.75 , respectively.

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING The Company's reportable segments are defined by their product lines which have been grouped in these segments based on common technologies, production methods, and inventories. Raven's reportable segments are Applied Technology Division, Engineered Films Division, and Aerostar Division. The Company measures the performance of its segments based on their operating income excluding administrative and general expenses. Other expense and income taxes are not allocated to individual operating segments, and assets not identifiable to an individual segment are included as corporate assets. Segment information is reported consistent with the Company's management reporting structure. Business segment net sales and operating income results are as follows: Three Months Ended Nine Months Ended October 31, 2015 (As Restated) October 31, October 31, 2015 (As Restated) October 31, Net sales Applied Technology Division $ 21,344 $ 33,161 $ 74,165 $ 115,696 Engineered Films Division 36,919 41,249 104,029 125,755 Aerostar Division 9,456 19,257 27,338 56,179 Intersegment eliminations (a) (108 ) (2,375 ) (130 ) (9,343 ) Consolidated net sales $ 67,611 $ 91,292 $ 205,402 $ 288,287 Operating income (loss) Applied Technology Division (b) $ 3,299 $ 6,447 $ 16,081 $ 31,132 Engineered Films Division 6,145 5,486 15,981 17,165 Aerostar Division (c) (15,474 ) 3,027 (15,013 ) 4,666 Intersegment eliminations (a) 9 134 93 114 Total reportable segment income (6,021 ) 15,094 17,142 53,077 Administrative and general expenses (3,802 ) (4,935 ) (13,322 ) (15,690 ) Consolidated operating (loss) income $ (9,823 ) $ 10,159 $ 3,820 $ 37,387 (a) Fiscal 2016 intersegment sales were primarily sales from Engineered Films to Aerostar. Fiscal 2015 intersegment sales were comprised primarily of contract manufacturing sales from Aerostar to Applied Technology. (b) Includes gains of $611 for the nine-month period ended October 31, 2015 on disposal of assets related to the exit of contract manufacturing operations. (c) The three- and nine-month periods ended October 31, 2015 include pre-contract cost write-offs of $2,933 (which is comprised of $2,075 of costs capitalized as of July 31, 2015 and additional costs of $858 capitalized during August and September 2015), a goodwill impairment loss of $11,497 , a long-lived asset impairment loss of $3,813 , and a reduction of $2,273 of an acquisition-related contingent liability for Vista as a result of changes in expected sales and cash flows.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS Accounting Standards Adopted In April 2015 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-04, "Compensation—Retirement Benefits (Topic 715) Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets" (ASU 2015-04). The amendments in ASU 2015-04 allow a reporting entity that may incur more costs than other entities when measuring the fair value of plan assets of a defined benefit pension or other postretirement benefit plan at other than a month-end to measure defined benefit plan assets and obligations using the month-end date that is closest to the date of event (such as a plan amendment, settlement, or curtailment that calls for a remeasurement in accordance with existing requirements) that is triggering the remeasurement. In addition, if a contribution or significant event occurs between the month-end date used to measure defined benefit plan assets and obligations and an entity’s fiscal year-end, the entity should adjust the measurement of defined benefit plan assets and obligations to reflect the effects of those contributions or significant events. However, an entity should not adjust the measurement of defined benefit plan assets and obligations for other events that occur between the month-end measurement and the entity’s fiscal year-end that are not caused by the entity (for example, changes in market prices or interest rates). This practical expedient for the measurement date also applies to significant events that trigger a remeasurement in an interim period. An entity electing the practical expedient for the measurement date is required to disclose the accounting policy election and the date used to measure defined benefit plan assets and obligations in accordance with the amendments in ASU 2015-04. ASU 2015-04 is effective for fiscal years beginning after December 15, 2015. The Company may adopt the standard prospectively. Early adoption is permitted. In the fiscal 2016 first quarter the Company elected to early adopt ASU 2015-04 and apply it on a prospective basis. The Company's plan that provides postretirement medical and other benefits was amended on August 25, 2015. As a result of this plan amendment, the Company elected the practical expedient pursuant to this guidance and a valuation was completed using an August 31, 2015 measurement date. In April 2015 the FASB issued ASU No. 2015-03, "Interest—Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs" (ASU 2015-03). The amendments in ASU 2015-03 simplify the presentation of debt issuance costs and require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. In August 2015 the FASB issued ASU No. 2015-15 "Interest—Imputation of Interest (Subtopic 835-30) Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements" (ASU 2015-15). The guidance in ASU 2015-03 does not address presentation or subsequent measurement of debt issuance costs related to line of credit arrangements. Given the absence of authoritative guidance, in ASU 2015-15, issued in August 2015, FASB adopted SEC staff comments that they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. ASU 2015-03 and 2015-15 are both effective for fiscal years beginning after December 15, 2015. The amendments are required to be applied retrospectively to all prior periods presented and early adoption is permitted. The Company elected to early adopt ASU 2015-03 in fiscal 2016 first quarter and ASU 2015-15 in fiscal 2016 third quarter. Adoption of this guidance did not have a significant impact on the Company's consolidated financial statements, or results of operations for the period since there were no prior period costs it applied to. Debt issuance costs associated with the credit facility discussed further in Note 10 Financing Arrangements have been presented as an asset and are being amortized ratably over the term of the line of credit arrangement. The adoption of this guidance did not have an impact on the Company's results of operations for the period. In April 2014 the FASB issued ASU No. 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity" (ASU No. 2014-08). ASU No. 2014-08 changes the criteria for determining which disposals should be presented as discontinued operations and modifies the related disclosure requirements. Additionally, this guidance requires that a business that qualifies as held for sale upon acquisition should be reported as discontinued operations. This guidance became effective for the Company on February 1, 2015 and applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. The adoption of this guidance did not have an impact on the Company's consolidated financial statements, results of operations, or disclosures for the period. In addition to the accounting pronouncements adopted and described above, the Company adopted various other accounting pronouncements that became effective in first, second and third quarter fiscal 2016. None of this guidance had a significant impact on the Company's consolidated financial statements, results of operations, or disclosures for the period. New Accounting Standards Not Yet Adopted In November 2015 the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes" (ASU 2015-17). Current GAAP requires the deferred taxes for each jurisdiction (or tax-paying component of a jurisdiction) to be presented as a net current asset or liability and net noncurrent asset or liability. This requires a jurisdiction-by-jurisdiction analysis based on the classification of the assets and liabilities to which the underlying temporary differences relate, or, in the case of loss or credit carryforwards, based on the period in which the attribute is expected to be realized. Any valuation allowance is then required to be allocated on a pro rata basis, by jurisdiction, between current and noncurrent deferred tax assets. To simplify presentation, ASU 2015-17 requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. As a result, each jurisdiction will now only have one net noncurrent deferred tax asset or liability. The guidance does not change the existing requirement that only permits offsetting within a jurisdiction - that is, companies are still prohibited from offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. ASU 2015-17 is effective for fiscal years beginning after December 15, 2016. The Company may apply the standard either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early adoption is permitted. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements and working capital. In September 2015 the FASB issued ASU No. 2015-16, "Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments" (ASU 2015-16). The amendments in ASU 2015-16 apply to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and, during the measurement period, have an adjustment to provisional amounts recognized. ASU 2015-16 requires that an acquirer in a business combination recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. ASU 2015-16 requires that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this update require an entity to present separately on the face of the income statement, or disclose in the notes, the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. ASU 2015-16 is to be applied prospectively to adjustments to provisional amounts that occur after the effective date of the update with earlier application permitted for financial statements that have not been issued. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements, results of operations, and disclosures. In July 2015 the FASB issued ASU No. 2015-11, "Inventory (Topic 330) Simplifying the Measurement of Inventory" (ASU 2015-11). The amendments in ASU 2015-11 clarify that an entity should measure inventory within the scope of this update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Substantial and unusual losses that result from subsequent measurement of inventory should be disclosed in the financial statements. ASU 2015-11 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments are to be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements, results of operations, and disclosures. In April 2015 the FASB issued ASU No. 2015-05, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40) Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement" (ASU 2015-05). The amendments in ASU 2015-05 clarify existing GAAP guidance about a customer’s accounting for fees paid in a cloud computing arrangement with or without a software license. Examples of cloud computing arrangements include software as a service, platform as a service, infrastructure as a service, and other similar hosting arrangements. ASU 2015-05 adds guidance to Subtopic 350-40, Intangibles-Goodwill and Other-Internal-Use Software, which will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance does not change GAAP for a customer’s accounting for service contracts. All software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. ASU 2015-05 is effective for fiscal years beginning after December 15, 2015. The amendments may be applied prospectively to all arrangements entered into or materially altered after the effective date or retrospectively to all prior periods presented. Early adoption is permitted. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial position, results of operations, and cash flows. In February 2015 the FASB issued ASU No. 2015-02, "Consolidation (Topic 810) Amendments to the Consolidation Analysis" (ASU 2015-02). The amendments in ASU 2015-02 affect reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: 1. Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; 2. Eliminate the presumption that a general partner should consolidate a limited partnership; 3. Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and 4. Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940. ASU 2015-02 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. ASU 2015-02 may be applied retrospectively or using a modified retrospective approach. The Company is evaluating the impact of this guidance on its consolidated legal entities and on its consolidated financial position, results of operations, and cash flows. In May 2014 the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASU 2014-09). ASU 2014-09 provides a comprehensive new recognition model that requires recognition of revenue when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to receive in exchange for those goods or services. This guidance supersedes the revenue recognition requirements in FASB ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, companies will need to use more judgment and make more estimates than under the current guidance. It also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB approved a one-year deferral of the effective date (ASU 2015-14) and the standard is now effective for the Company for fiscal 2019 and interim periods therein. ASU 2014-09 may be adopted as of the original effective date, which for the Company is fiscal 2018. The guidance may be applied using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). The Company is currently evaluating the method and date of adoption and the impact the adoption of ASU 2014-09 will have on the Company’s consolidated financial position, results of operations, and disclosures.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
Depreciation, Depletion, and Amortization Policy	The Company prospectively adopted the straight-line method of depreciation for manufacturing equipment, office equipment, and furniture and fixtures placed in service on or after February 1, 2015. This change was made as a straight-line method of depreciation more accurately reflects the economic consumption of these assets than did the accelerated method previously used.
Goodwill and Intangible Assets Policy	As also described in Note 1 Summary of Significant Accounting Policies of the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2015, the Company recognizes goodwill as the excess cost of an acquired business over the net amount assigned to assets acquired and liabilities assumed. Management assesses goodwill for impairment annually during the fourth quarter and between annual tests whenever a triggering event indicates there may be an impairment. Impairment tests of goodwill are done at the reporting unit level. When performing goodwill impairment testing, the fair values of reporting units are determined based on valuation techniques using the best available information, primarily discounted cash flow projections. Such valuations are derived from valuation techniques in which one or more significant inputs are not observable (Level 3 fair value measures). In the fiscal 2016 second quarter the Company performed a Step 1 impairment analysis using fair value techniques on the Engineered Films reporting unit as a result of changes in market conditions indicating that goodwill might be impaired. The reporting unit's fair value was estimated based on discounted cash flows and that fair value amount was compared to the carrying value of the reporting unit.
New Accounting Standards Policy	Accounting Standards Adopted In April 2015 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-04, "Compensation—Retirement Benefits (Topic 715) Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets" (ASU 2015-04). The amendments in ASU 2015-04 allow a reporting entity that may incur more costs than other entities when measuring the fair value of plan assets of a defined benefit pension or other postretirement benefit plan at other than a month-end to measure defined benefit plan assets and obligations using the month-end date that is closest to the date of event (such as a plan amendment, settlement, or curtailment that calls for a remeasurement in accordance with existing requirements) that is triggering the remeasurement. In addition, if a contribution or significant event occurs between the month-end date used to measure defined benefit plan assets and obligations and an entity’s fiscal year-end, the entity should adjust the measurement of defined benefit plan assets and obligations to reflect the effects of those contributions or significant events. However, an entity should not adjust the measurement of defined benefit plan assets and obligations for other events that occur between the month-end measurement and the entity’s fiscal year-end that are not caused by the entity (for example, changes in market prices or interest rates). This practical expedient for the measurement date also applies to significant events that trigger a remeasurement in an interim period. An entity electing the practical expedient for the measurement date is required to disclose the accounting policy election and the date used to measure defined benefit plan assets and obligations in accordance with the amendments in ASU 2015-04. ASU 2015-04 is effective for fiscal years beginning after December 15, 2015. The Company may adopt the standard prospectively. Early adoption is permitted. In the fiscal 2016 first quarter the Company elected to early adopt ASU 2015-04 and apply it on a prospective basis. The Company's plan that provides postretirement medical and other benefits was amended on August 25, 2015. As a result of this plan amendment, the Company elected the practical expedient pursuant to this guidance and a valuation was completed using an August 31, 2015 measurement date. In April 2015 the FASB issued ASU No. 2015-03, "Interest—Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs" (ASU 2015-03). The amendments in ASU 2015-03 simplify the presentation of debt issuance costs and require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. In August 2015 the FASB issued ASU No. 2015-15 "Interest—Imputation of Interest (Subtopic 835-30) Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements" (ASU 2015-15). The guidance in ASU 2015-03 does not address presentation or subsequent measurement of debt issuance costs related to line of credit arrangements. Given the absence of authoritative guidance, in ASU 2015-15, issued in August 2015, FASB adopted SEC staff comments that they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. ASU 2015-03 and 2015-15 are both effective for fiscal years beginning after December 15, 2015. The amendments are required to be applied retrospectively to all prior periods presented and early adoption is permitted. The Company elected to early adopt ASU 2015-03 in fiscal 2016 first quarter and ASU 2015-15 in fiscal 2016 third quarter. Adoption of this guidance did not have a significant impact on the Company's consolidated financial statements, or results of operations for the period since there were no prior period costs it applied to. Debt issuance costs associated with the credit facility discussed further in Note 10 Financing Arrangements have been presented as an asset and are being amortized ratably over the term of the line of credit arrangement. The adoption of this guidance did not have an impact on the Company's results of operations for the period. In April 2014 the FASB issued ASU No. 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity" (ASU No. 2014-08). ASU No. 2014-08 changes the criteria for determining which disposals should be presented as discontinued operations and modifies the related disclosure requirements. Additionally, this guidance requires that a business that qualifies as held for sale upon acquisition should be reported as discontinued operations. This guidance became effective for the Company on February 1, 2015 and applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. The adoption of this guidance did not have an impact on the Company's consolidated financial statements, results of operations, or disclosures for the period. In addition to the accounting pronouncements adopted and described above, the Company adopted various other accounting pronouncements that became effective in first, second and third quarter fiscal 2016. None of this guidance had a significant impact on the Company's consolidated financial statements, results of operations, or disclosures for the period. New Accounting Standards Not Yet Adopted In November 2015 the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes" (ASU 2015-17). Current GAAP requires the deferred taxes for each jurisdiction (or tax-paying component of a jurisdiction) to be presented as a net current asset or liability and net noncurrent asset or liability. This requires a jurisdiction-by-jurisdiction analysis based on the classification of the assets and liabilities to which the underlying temporary differences relate, or, in the case of loss or credit carryforwards, based on the period in which the attribute is expected to be realized. Any valuation allowance is then required to be allocated on a pro rata basis, by jurisdiction, between current and noncurrent deferred tax assets. To simplify presentation, ASU 2015-17 requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. As a result, each jurisdiction will now only have one net noncurrent deferred tax asset or liability. The guidance does not change the existing requirement that only permits offsetting within a jurisdiction - that is, companies are still prohibited from offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. ASU 2015-17 is effective for fiscal years beginning after December 15, 2016. The Company may apply the standard either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early adoption is permitted. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements and working capital. In September 2015 the FASB issued ASU No. 2015-16, "Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments" (ASU 2015-16). The amendments in ASU 2015-16 apply to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and, during the measurement period, have an adjustment to provisional amounts recognized. ASU 2015-16 requires that an acquirer in a business combination recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. ASU 2015-16 requires that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this update require an entity to present separately on the face of the income statement, or disclose in the notes, the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. ASU 2015-16 is to be applied prospectively to adjustments to provisional amounts that occur after the effective date of the update with earlier application permitted for financial statements that have not been issued. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements, results of operations, and disclosures. In July 2015 the FASB issued ASU No. 2015-11, "Inventory (Topic 330) Simplifying the Measurement of Inventory" (ASU 2015-11). The amendments in ASU 2015-11 clarify that an entity should measure inventory within the scope of this update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Substantial and unusual losses that result from subsequent measurement of inventory should be disclosed in the financial statements. ASU 2015-11 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments are to be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements, results of operations, and disclosures. In April 2015 the FASB issued ASU No. 2015-05, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40) Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement" (ASU 2015-05). The amendments in ASU 2015-05 clarify existing GAAP guidance about a customer’s accounting for fees paid in a cloud computing arrangement with or without a software license. Examples of cloud computing arrangements include software as a service, platform as a service, infrastructure as a service, and other similar hosting arrangements. ASU 2015-05 adds guidance to Subtopic 350-40, Intangibles-Goodwill and Other-Internal-Use Software, which will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance does not change GAAP for a customer’s accounting for service contracts. All software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. ASU 2015-05 is effective for fiscal years beginning after December 15, 2015. The amendments may be applied prospectively to all arrangements entered into or materially altered after the effective date or retrospectively to all prior periods presented. Early adoption is permitted. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial position, results of operations, and cash flows. In February 2015 the FASB issued ASU No. 2015-02, "Consolidation (Topic 810) Amendments to the Consolidation Analysis" (ASU 2015-02). The amendments in ASU 2015-02 affect reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: 1. Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; 2. Eliminate the presumption that a general partner should consolidate a limited partnership; 3. Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and 4. Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940. ASU 2015-02 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. ASU 2015-02 may be applied retrospectively or using a modified retrospective approach. The Company is evaluating the impact of this guidance on its consolidated legal entities and on its consolidated financial position, results of operations, and cash flows. In May 2014 the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASU 2014-09). ASU 2014-09 provides a comprehensive new recognition model that requires recognition of revenue when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to receive in exchange for those goods or services. This guidance supersedes the revenue recognition requirements in FASB ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, companies will need to use more judgment and make more estimates than under the current guidance. It also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB approved a one-year deferral of the effective date (ASU 2015-14) and the standard is now effective for the Company for fiscal 2019 and interim periods therein. ASU 2014-09 may be adopted as of the original effective date, which for the Company is fiscal 2018. The guidance may be applied using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). The Company is currently evaluating the method and date of adoption and the impact the adoption of ASU 2014-09 will have on the Company’s consolidated financial position, results of operations, and disclosures.

Restatement of the Unaudited 27

Restatement of the Unaudited Consolidated Financial Statements (Tables)	9 Months Ended
	Oct. 31, 2015
Accounting Changes and Error Corrections [Abstract]
Effects of Restatements on Financial Statements	The effects of the restatement on the Company's unaudited consolidated balance sheets as of October 31, 2015 are as follows (in thousands): October 31, 2015 Consolidated Balance Sheets (unaudited): As Previously Reported Restatement Adjustments As Restated Inventories $ 48,624 $ 12 $ 48,636 Total current assets 126,665 12 126,677 Property, plant and equipment, net 117,760 (554 ) 117,206 Goodwill 44,796 (4,084 ) 40,712 Amortizable intangible assets, net 16,586 (3,259 ) 13,327 Total assets 309,666 (7,885 ) 301,781 Accrued liabilities 11,906 (309 ) 11,597 Total current liabilities 19,973 (309 ) 19,664 Other liabilities 17,057 (2,546 ) 14,511 Paid-in capital 54,342 (423 ) 53,919 Retained earnings 236,922 (4,607 ) 232,315 Total Raven Industries, Inc. shareholders' equity 272,544 (5,030 ) 267,514 Total shareholders' equity 272,636 (5,030 ) 267,606 Total liabilities and shareholders' equity 309,666 (7,885 ) 301,781 The effects of the restatement on the Company's unaudited consolidated statements of income and comprehensive income for the three and nine months ended October 31, 2015 are as follows (in thousands): Three Months Ended October 31, 2015 Nine Months Ended October 31, 2015 Consolidated Statements of Income and Comprehensive Income (unaudited): As Previously Reported Restatement Adjustments As Restated As Previously Reported Restatement Adjustments As Restated Cost of sales $ 51,440 $ (801 ) $ 50,639 $ 151,014 $ (801 ) $ 150,213 Gross profit 16,171 801 16,972 54,388 801 55,189 Goodwill impairment loss 7,413 4,084 11,497 7,413 4,084 11,497 Long-lived asset impairment loss — 3,813 3,813 — 3,813 3,813 Operating (loss) income (2,727 ) (7,096 ) (9,823 ) 10,916 (7,096 ) 3,820 (Loss) income before income taxes (2,850 ) (7,096 ) (9,946 ) 10,483 (7,096 ) 3,387 Income taxes (benefit) provision (1,291 ) (2,489 ) (3,780 ) 2,960 (2,489 ) 471 Net (loss) income (1,559 ) (4,607 ) (6,166 ) 7,523 (4,607 ) 2,916 Net (loss) income attributable to Raven Industries, Inc. (1,581 ) (4,607 ) (6,188 ) 7,465 (4,607 ) 2,858 Net (loss) income per common share: ─ Basic (0.04 ) (0.13 ) (0.17 ) 0.20 (0.12 ) 0.08 ─ Diluted (0.04 ) (0.13 ) (0.17 ) 0.20 (0.12 ) 0.08 Comprehensive income (loss) 1,237 (4,607 ) (3,370 ) 10,346 (4,607 ) 5,739 Comprehensive income attributable to Raven Industries, Inc. 1,215 (4,607 ) (3,392 ) 10,288 (4,607 ) 5,681 The effects of the restatement on the Company's consolidated statements of shareholders' equity as of and for the nine months ended October 31, 2015 are as follows (in thousands): Nine Months Ended October 31, 2015 Consolidated Statements of Shareholders' Equity (unaudited): As Previously Reported Restatement Adjustments As Restated Net income 7,523 (4,607 ) 2,916 Income tax impact related to share-based compensation (267 ) (423 ) (690 ) Total shareholders' equity as of October 31, 2015 272,636 (5,030 ) 267,606 The effects of the restatement on the Net Cash provided by operating activities of the Company's unaudited consolidated statements of cash flows for the nine months ended October 31, 2015 are as follows (in thousands): Nine Months Ended October 31, 2015 Consolidated Statements of Cash Flows (unaudited): As Previously Reported Restatement Adjustments As Restated Net income $ 7,523 $ (4,607 ) $ 2,916 Change in fair value of acquisition-related contingent consideration (930 ) (790 ) (1,720 ) Goodwill impairment loss 7,413 4,084 11,497 Long-lived asset impairment loss — 3,813 3,813 Deferred income taxes (4,765 ) (1,920 ) (6,685 ) Change in inventories 4,832 (12 ) 4,820 Operating liabilities (12,012 ) (568 ) (12,580 ) Net cash provided by operating activities 35,181 — 35,181 There were no impacts to Net cash used in investing activities or Net cash used in financing activities within our consolidated statement of cash flows nor was there an impact on the Net (decrease) increase in cash and cash equivalents resulting from restatement. The impacts of the restatements have been reflected throughout these unaudited financial statements, including the applicable footnotes, as appropriate. As the Company has been unable to timely file its Quarterly Reports on Form 10-Q for the three and six months ended July 31, 2016 and the three and nine months ended October 31, 2016, the Company is currently non-compliant with NASDAQ Listing Rule 5250(c)(1). In addition, the Company has requested and received covenant waivers from its lenders related to its credit agreement due to its late filing of financial statement information during fiscal 2017 .

Net (Loss) Income per Share (Ta

Net (Loss) Income per Share (Tables)	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Schedule of antidilutive securities excluded from computation of earnings per share	The options and restricted stock units excluded from the diluted net income per-share share calculation were as follows: Three Months Ended Nine Months Ended October 31, 2015 (As Restated) October 31, October 31, 2015 (As Restated) October 31, Anti-dilutive options and restricted stock units 1,216,318 846,205 1,150,227 574,631
Schedule of calculation of numerator and denominator in earnings per share	The computation of earnings per share is presented below: Three Months Ended Nine Months Ended October 31, 2015 (As Restated) October 31, October 31, 2015 (As Restated) October 31, Numerator: Net (loss) income attributable to Raven Industries, Inc. $ (6,188 ) $ 6,783 $ 2,858 $ 25,540 Denominator: Weighted average common shares outstanding 36,785,140 36,499,018 37,481,675 36,462,441 Weighted average stock units outstanding 92,470 68,721 84,597 69,616 Denominator for basic calculation 36,877,610 36,567,739 37,566,272 36,532,057 Weighted average common shares outstanding 36,785,140 36,499,018 37,481,675 36,462,441 Weighted average stock units outstanding 92,470 68,721 84,597 69,616 Dilutive impact of stock options and restricted stock units — 165,504 47,773 188,713 Denominator for diluted calculation 36,877,610 36,733,243 37,614,045 36,720,770 Net (loss) income per share - basic $ (0.17 ) $ 0.19 $ 0.08 $ 0.70 Net (loss) income per share - diluted $ (0.17 ) $ 0.18 $ 0.08 $ 0.70

Selected Balance Sheet Inform29

Selected Balance Sheet Information (Tables)	9 Months Ended
	Oct. 31, 2015
Selected Balance Sheet Information [Abstract]
Components of selected balance sheet items	Following are the components of selected items from the Consolidated Balance Sheets: October 31, 2015 (As Restated) January 31, 2015 October 31, 2014 Accounts receivable, net: Trade accounts $ 40,062 $ 56,895 $ 54,889 Allowance for doubtful accounts (769 ) (319 ) (356 ) $ 39,293 $ 56,576 $ 54,533 Inventories: Finished goods $ 5,211 $ 8,127 $ 7,981 In process 2,157 1,317 2,063 Materials 41,268 45,708 41,756 $ 48,636 $ 55,152 $ 51,800 Other current assets: Insurance policy benefit $ 728 $ 733 $ 517 Federal tax receivable — 713 — Receivable from sale of business 420 — — Prepaid expenses and other 1,767 1,648 2,364 $ 2,915 $ 3,094 $ 2,881 Property, plant and equipment, net: Held for use: Land $ 2,974 $ 3,246 $ 2,077 Buildings and improvements 76,775 78,140 69,353 Machinery and equipment 138,921 131,766 124,057 Accumulated depreciation (102,263 ) (96,545 ) (95,118 ) Accumulated impairment losses (554 ) — — $ 115,853 $ 116,607 $ 100,369 Held for sale: Land $ 324 $ 11 $ — Buildings and improvements 2,597 1,522 — Machinery and equipment 639 — — Accumulated depreciation (2,207 ) (627 ) — 1,353 906 — $ 117,206 $ 117,513 $ 100,369 Other assets, net: Investment in affiliate $ 2,720 $ 3,217 $ 3,175 Other, net 1,139 526 559 $ 3,859 $ 3,743 $ 3,734 Accrued liabilities: Salaries and related $ 1,177 $ 4,063 $ 1,875 Benefits 3,925 5,001 5,778 Insurance obligations 1,852 1,590 1,426 Warranties 1,639 3,120 2,456 Income taxes 748 536 1,140 Other taxes 977 1,240 1,052 Acquisition-related contingent consideration 448 1,375 1,191 Other 831 2,262 2,004 $ 11,597 $ 19,187 $ 16,922 Other liabilities: Postretirement benefits $ 7,898 $ 11,812 $ 8,264 Acquisition-related contingent consideration 1,483 3,631 3,587 Deferred income taxes 2,205 7,091 1,406 Uncertain tax positions 2,925 3,259 7,175 $ 14,511 $ 25,793 $ 20,432

Goodwill and Long-Lived Asset30

Goodwill and Long-Lived Asset Impairment Loss and Other Charges (Tables)	9 Months Ended
	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill by reporting unit are shown below: Applied Technology Engineered Films Aerostar (exc. Vista) Vista Total Balance at January 31, 2015 $ 12,550 $ 27,312 $ 789 $ 11,497 $ 52,148 Purchase price adjustment to acquired goodwill (a) — 206 — — 206 Goodwill disposed from sale of business (69 ) — — — (69 ) Goodwill impairment loss (as restated) — — — (11,497 ) (11,497 ) Foreign currency translation adjustment (76 ) — — — (76 ) Balance at October 31, 2015 (as restated) $ 12,405 $ 27,518 $ 789 $ — $ 40,712 (a) Working capital adjustment and final deferred tax adjustment for Integra acquisition (see Note 6 Acquisitions of and Investments in Businesses and Technologies).

Employee Postretirement Benef31

Employee Postretirement Benefits Employee Postretirement Benefits (Tables)	9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Schedule of Accumulated and Projected Benefit Obligations	The effect of the August 31, 2015 remeasurement of the benefit obligation is as follows: Benefit obligation at January 31, 2015 $ 12,125 Service cost 252 Interest cost 244 Prior service (credit) due to plan amendment (958 ) Actuarial (gain) due to assumption changes (3,403 ) Retiree benefits paid (89 ) Benefit obligation at August 31, 2015 $ 8,171 Fair value of plan assets — Funded status at August 31, 2015 $ (8,171 ) Net actuarial loss in accumulated other comprehensive income 2,710 Unrecognized prior service (credit) (958 ) Accrued postretirement benefit cost at August 31, 2015 $ (6,419 )
Schedule of Assumptions Used		The assumptions used to measure the benefit obligation were as follows: Assumptions used to calculate benefit obligation: Measurement date August 31, 2015 January 31, 2015 Discount rate 4.25 % 3.50 % Wage inflation rate 4.00 % 4.00 % Average remaining years of service 15.14 16.05 Health care cost trend rates: Health care cost trend rate assumed for next year 7.00 % 7.20 % Ultimate health care cost trend rate 4.50 % 5.00 % Year that the rate reaches the ultimate trend rate 2030 2025
Components of net periodic benefit cost for postretirement plan	The components of the net periodic benefit cost for postretirement benefits are as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Service cost $ 49 $ 49 $ 265 $ 147 Interest cost 92 91 302 274 Amortization of actuarial losses 38 38 206 114 Net periodic benefit cost $ 179 $ 178 $ 773 $ 535

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Oct. 31, 2015
Product Warranties Disclosures [Abstract]
Warranties	Changes in the warranty accrual were as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Beginning balance $ 1,752 $ 2,617 $ 3,120 $ 2,525 Accrual for warranties 571 676 1,319 2,065 Settlements made (684 ) (837 ) (2,800 ) (2,134 ) Ending balance $ 1,639 $ 2,456 $ 1,639 $ 2,456

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2015
Share-based Compensation [Abstract]
Weighted average assumptions by grant year	The weighted average assumptions used for the Black-Scholes option pricing model by grant year are as follows: Nine Months Ended October 31, 2015 October 31, 2014 Risk-free interest rate 1.33 % 1.32 % Expected dividend yield 2.59 % 1.53 % Expected volatility factor 36.81 % 38.65 % Expected option term (in years) 3.75 4.00 Weighted average grant date fair value $4.77 $9.18

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Business segment net sales and operating income results	Business segment net sales and operating income results are as follows: Three Months Ended Nine Months Ended October 31, 2015 (As Restated) October 31, October 31, 2015 (As Restated) October 31, Net sales Applied Technology Division $ 21,344 $ 33,161 $ 74,165 $ 115,696 Engineered Films Division 36,919 41,249 104,029 125,755 Aerostar Division 9,456 19,257 27,338 56,179 Intersegment eliminations (a) (108 ) (2,375 ) (130 ) (9,343 ) Consolidated net sales $ 67,611 $ 91,292 $ 205,402 $ 288,287 Operating income (loss) Applied Technology Division (b) $ 3,299 $ 6,447 $ 16,081 $ 31,132 Engineered Films Division 6,145 5,486 15,981 17,165 Aerostar Division (c) (15,474 ) 3,027 (15,013 ) 4,666 Intersegment eliminations (a) 9 134 93 114 Total reportable segment income (6,021 ) 15,094 17,142 53,077 Administrative and general expenses (3,802 ) (4,935 ) (13,322 ) (15,690 ) Consolidated operating (loss) income $ (9,823 ) $ 10,159 $ 3,820 $ 37,387 (a) Fiscal 2016 intersegment sales were primarily sales from Engineered Films to Aerostar. Fiscal 2015 intersegment sales were comprised primarily of contract manufacturing sales from Aerostar to Applied Technology. (b) Includes gains of $611 for the nine-month period ended October 31, 2015 on disposal of assets related to the exit of contract manufacturing operations. (c) The three- and nine-month periods ended October 31, 2015 include pre-contract cost write-offs of $2,933 (which is comprised of $2,075 of costs capitalized as of July 31, 2015 and additional costs of $858 capitalized during August and September 2015), a goodwill impairment loss of $11,497 , a long-lived asset impairment loss of $3,813 , and a reduction of $2,273 of an acquisition-related contingent liability for Vista as a result of changes in expected sales and cash flows.

Basis of Presentation and Pri35

Basis of Presentation and Principles of Consolidation (Details)	9 Months Ended
	Oct. 31, 2015segment
Organization, Consolidation and Presentation of Financial Statements Line Items [Line Items]
Number of operating units	3
Aerostar Integrated Systems [Member]
Organization, Consolidation and Presentation of Financial Statements Line Items [Line Items]
Joint venture, ownership percentage	75.00%

Restatement of the Unaudited 36

Restatement of the Unaudited Consolidated Financial Statements (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Jan. 31, 2012	Jan. 31, 2015
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Long-lived asset impairment loss	$ 3,813,000	$ 0	$ 3,813,000	$ 0
Goodwill impairment loss	11,497,000	0	11,497,000	0
income tax expense (benefit)	3,780,000	(3,290,000)	(471,000)	(11,599,000)
Increase (decrease) in accrued liabilities	(11,597,000)	(16,922,000)	(11,597,000)	(16,922,000)		$ (19,187,000)
Increase (decrease) in other liabilities	(14,511,000)	(20,432,000)	(14,511,000)	(20,432,000)		(25,793,000)
Increase (decrease) in other liabilities, Deferred Taxes	2,205,000	1,406,000	2,205,000	1,406,000		7,091,000
Increase (decrease) in Liability for Uncertaint Tax Positions, Noncurrent	(2,925,000)	(7,175,000)	(2,925,000)	(7,175,000)		(3,259,000)
Increase (decrease) in Paid-in capital	(53,919,000)	(14,579,000)	(53,919,000)	(14,579,000)		(53,237,000)
Increase (decrease) in Inventory	(48,636,000)	(51,800,000)	(48,636,000)	(51,800,000)		$ (55,152,000)
Increase (Decrease) in Cost of sales	(50,639,000)	(66,953,000)	(150,213,000)	(206,524,000)
Increase (decrease) in Net Cash Provided by (Used in) Investing Activities			8,966,000	18,112,000
Increase (decrease) in Net Cash Provided by (Used in) Financing Activities			$ 45,865,000	14,046,000
Debt Instrument, Covenant Compliance			In addition, the Company has requested and received covenant waivers from its lenders related to its credit agreement due to its late filing of financial statement information during fiscal 2017
Correction of Immaterial Errors [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in Inventory	(12,000)		$ (12,000)
Increase (Decrease) in Cost of sales	(12,000)
Adjustment for Tax Balance [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
income tax expense (benefit)	(2,489,000)		(2,489,000)
Increase (decrease) in accrued liabilities	(265,000)		(265,000)
Increase (decrease) in other liabilities, Deferred Taxes	(1,460,000)		(1,460,000)
Increase (decrease) in Paid-in capital	(423,000)		(423,000)
Adjustments to cash flows [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in Net Cash Provided by (Used in) Investing Activities			0
Increase (decrease) in Net Cash Provided by (Used in) Financing Activities			$ 0
Vista Research [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Business acquisition contingent consideration payments period			7 years		7 years
Vista Reporting Unit [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Long-lived asset impairment loss	3,813,000		$ 3,813,000
Goodwill impairment loss	11,497,000	$ 0	11,497,000	$ 0
Vista Reporting Unit [Member] | Adjustment for Goodwill Impairment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Goodwill impairment loss	4,084,000		4,084,000
Vista Reporting Unit [Member] | Radar Technology, Radar Customers, and Patents [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Long-lived asset impairment loss	3,259,000		3,259,000
Vista Reporting Unit [Member] | Property, Plant and Equipment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Long-lived asset impairment loss	554,000		554,000
Vista Research [Member] | Adjustment for Fair Value of Contingent Consideration Liability [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in accrued liabilities	(44,000)		(44,000)
Increase (decrease) in other liabilities	(746,000)		(746,000)
Increase (Decrease) in Cost of sales	(790,000)		(790,000)
Vista Research [Member] | Adjustments for Inventories [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in Liability for Uncertaint Tax Positions, Noncurrent	$ (340,000)		$ (340,000)

Restatement of the Unaudited 37

Restatement of the Unaudited Consolidated Financial Statements (Balance Sheet Restatement) (Details) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Oct. 31, 2014	Jan. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Inventories	$ 48,636	$ 55,152	$ 51,800
Total current assets	126,677	170,979	179,121
Property, plant and equipment, net	117,206	117,513	100,369
Goodwill	40,712	52,148	25,234
Amortizable intangible assets, net	13,327	18,490	9,005
Total assets	301,781	362,873	317,463
Accrued liabilities	11,597	19,187	16,922
Total current liabilities	19,664	31,843	30,076
Other liabilities	14,511	25,793	20,432
Paid-in capital	53,919	53,237	14,579
Retained earnings	232,315	244,180	242,973
Total Raven Industries, Inc. shareholders' equity	267,514	305,153	266,897
Total shareholders' equity	267,606	305,237	266,955	$ 251,462
Total liabilities and shareholders' equity	301,781	$ 362,873	$ 317,463
As Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Inventories	48,624
Total current assets	126,665
Property, plant and equipment, net	117,760
Goodwill	44,796
Amortizable intangible assets, net	16,586
Total assets	309,666
Accrued liabilities	11,906
Total current liabilities	19,973
Other liabilities	17,057
Paid-in capital	54,342
Retained earnings	236,922
Total Raven Industries, Inc. shareholders' equity	272,544
Total shareholders' equity	272,636
Total liabilities and shareholders' equity	309,666
Restatement Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Inventories	12
Total current assets	12
Property, plant and equipment, net	(554)
Goodwill	(4,084)
Amortizable intangible assets, net	(3,259)
Total assets	(7,885)
Accrued liabilities	(309)
Total current liabilities	(309)
Other liabilities	(2,546)
Paid-in capital	(423)
Retained earnings	(4,607)
Total Raven Industries, Inc. shareholders' equity	(5,030)
Total shareholders' equity	(5,030)
Total liabilities and shareholders' equity	$ (7,885)

Restatement of the Unaudited 38

Restatement of the Unaudited Consolidated Financial Statements (Income Statement Restatement) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of sales	$ 50,639	$ 66,953	$ 150,213	$ 206,524
Gross profit	16,972	24,339	55,189	81,763
Goodwill impairment loss	11,497	0	11,497	0
Long-lived asset impairment loss	3,813	0	3,813	0
Operating (loss) income	(9,823)	10,159	3,820	37,387
(Loss) income before income taxes	(9,946)	10,087	3,387	37,177
Income taxes (benefit) provision	(3,780)	3,290	471	11,599
Net (loss) income	(6,166)	6,797	2,916	25,578
Net (loss) income attributable to Raven Industries, Inc.	$ (6,188)	$ 6,783	$ 2,858	$ 25,540
Net (loss) income per common share:
Basic (in dollars per share)	$ (0.17)	$ 0.19	$ 0.08	$ 0.70
Diluted (in dollars per share)	$ (0.17)	$ 0.18	$ 0.08	$ 0.70
Comprehensive income (loss)	$ (3,370)	$ 6,358	$ 5,739	$ 25,064
Comprehensive income attributable to Raven Industries, Inc.	(3,392)	$ 6,344	5,681	$ 25,026
As Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of sales	51,440		151,014
Gross profit	16,171		54,388
Goodwill impairment loss	7,413		7,413
Long-lived asset impairment loss	0		0
Operating (loss) income	(2,727)		10,916
(Loss) income before income taxes	(2,850)		10,483
Income taxes (benefit) provision	(1,291)		2,960
Net (loss) income	(1,559)		7,523
Net (loss) income attributable to Raven Industries, Inc.	$ (1,581)		$ 7,465
Net (loss) income per common share:
Basic (in dollars per share)	$ (0.04)		$ 0.20
Diluted (in dollars per share)	$ (0.04)		$ 0.20
Comprehensive income (loss)	$ 1,237		$ 10,346
Comprehensive income attributable to Raven Industries, Inc.	1,215		10,288
Restatement Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of sales	(801)		(801)
Gross profit	801		801
Goodwill impairment loss	4,084		4,084
Long-lived asset impairment loss	3,813		3,813
Operating (loss) income	(7,096)		(7,096)
(Loss) income before income taxes	(7,096)		(7,096)
Income taxes (benefit) provision	(2,489)		(2,489)
Net (loss) income	(4,607)		(4,607)
Net (loss) income attributable to Raven Industries, Inc.	$ (4,607)		$ (4,607)
Net (loss) income per common share:
Basic (in dollars per share)	$ (0.13)		$ (0.12)
Diluted (in dollars per share)	$ (0.13)		$ (0.12)
Comprehensive income (loss)	$ (4,607)		$ (4,607)
Comprehensive income attributable to Raven Industries, Inc.	$ (4,607)		$ (4,607)

Restatement of the Unaudited 39

Restatement of the Unaudited Consolidated Financial Statements (Restatement of Shareholders' Equity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income	$ (6,166)	$ 6,797	$ 2,916	$ 25,578
Income tax impact related to share-based compensation			(690)	91
Total shareholders' equity	267,606	$ 266,955	267,606	$ 266,955	$ 305,237	$ 251,462
As Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income	(1,559)		7,523
Income tax impact related to share-based compensation			(267)
Total shareholders' equity	272,636		272,636
Restatement Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income	(4,607)		(4,607)
Income tax impact related to share-based compensation			(423)
Total shareholders' equity	$ (5,030)		$ (5,030)

Restatement of the Unaudited 40

Restatement of the Unaudited Consolidated Financial Statements (Cash Flows Restatement) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income	$ (6,166)	$ 6,797	$ 2,916	$ 25,578
Change in fair value of acquisition-related contingent consideration			(1,720)	514
Goodwill impairment loss	11,497	0	11,497	0
Long-lived asset impairment loss	3,813	$ 0	3,813	0
Deferred income taxes			(6,685)	(2,420)
Change in inventories			4,820	2,768
Operating liabilities			(12,580)	1,623
Net cash provided by operating activities			35,181	$ 45,695
As Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income	(1,559)		7,523
Change in fair value of acquisition-related contingent consideration			(930)
Goodwill impairment loss	7,413		7,413
Long-lived asset impairment loss	0		0
Deferred income taxes			(4,765)
Change in inventories			4,832
Operating liabilities			(12,012)
Net cash provided by operating activities			35,181
Restatement Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income	(4,607)		(4,607)
Change in fair value of acquisition-related contingent consideration			(790)
Goodwill impairment loss	4,084		4,084
Long-lived asset impairment loss	$ 3,813		3,813
Deferred income taxes			(1,920)
Change in inventories			(12)
Operating liabilities			(568)
Net cash provided by operating activities			$ 0

Summary of Significant Accoun41

Summary of Significant Accounting Policies (Details) $ in Thousands	9 Months Ended
	Oct. 31, 2015ReportingUnits	Jul. 31, 2015USD ($)
Engineered Films [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Excess in net book value | $		$ 50,700
Excess in net book value, percentage		37.20%
Aerostar [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of reporting units | ReportingUnits	2

Net (Loss) Income per Share (An

Net (Loss) Income per Share (Antidiluted Securities Excluded from Computation) (Details) - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in options and restricted units)	1,216,318	846,205	1,150,227	574,631

Net (Loss) Income per Share (Sc

Net (Loss) Income per Share (Schedule of Calculation of Numerator and Denominator in Earnings per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Numerator:
Net (loss) income attributable to Raven Industries, Inc.	$ (6,188)	$ 6,783	$ 2,858	$ 25,540
Denominator:
Weighted average common shares outstanding (in shares)	36,785,140	36,499,018	37,481,675	36,462,441
Weighted average stock units outstanding (in shares)	92,470	68,721	84,597	69,616
Denominator for basic calculation (in shares)	36,877,610	36,567,739	37,566,272	36,532,057
Weighted average common shares outstanding (in shares)	36,785,140	36,499,018	37,481,675	36,462,441
Weighted average stock units outstanding (in shares)	92,470	68,721	84,597	69,616
Dilutive impact of stock options and restricted units (in shares)	0	165,504	47,773	188,713
Denominator for diluted calculation (in shares)	36,877,610	36,733,243	37,614,045	36,720,770
Net income per share - basic (in dollars per share)	$ (0.17)	$ 0.19	$ 0.08	$ 0.70
Net income per share - diluted (in dollars per share)	$ (0.17)	$ 0.18	$ 0.08	$ 0.70

Selected Balance Sheet Inform44

Selected Balance Sheet Information (Details) - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Jan. 31, 2014
Accounts receivable, net:
Trade accounts	$ 40,062		$ 56,895	$ 54,889
Allowance for doubtful accounts	(769)		(319)	(356)
Accounts receivable, net	39,293		56,576	54,533
Inventories:
Finished goods	5,211		8,127	7,981
In process	2,157		1,317	2,063
Materials	41,268		45,708	41,756
Inventories	48,636		55,152	51,800
Other current assets:
Insurance policy benefit	728		733	517
Federal tax receivable	0		713	0
Receivable from sale of business	420		0	0
Prepaid Expense and other	1,767		1,648	2,364
Other current assets	2,915		3,094	2,881
Property, plant and equipment, net:
Property, plant and equipment, net	117,206		117,513	100,369
Other Assets, net (Noncurrent):
Investment in affiliate (equity method)	2,720		3,217	3,175
Other, net	1,139		526	559
Other assets	3,859		3,743	3,734
Accrued liabilities:
Salaries and related	1,177		4,063	1,875
Benefits	3,925		5,001	5,778
Insurance obligations	1,852		1,590	1,426
Warranties	1,639	$ 1,752	3,120	2,456	$ 2,617	$ 2,525
Income Taxes	748		536	1,140
Other taxes	977		1,240	1,052
Acquisition-related contingent consideration liability, Current	448		1,375	1,191
Other	831		2,262	2,004
Accrued liabilities	11,597		19,187	16,922
Other liabilities:
Postretirement benefits	7,898		11,812	8,264
Acquisition-related contingent consideration liability, Noncurrent	1,483		3,631	3,587
Deferred income taxes	2,205		7,091	1,406
Uncertain tax positions	2,925		3,259	7,175
Other liabilities	14,511		25,793	20,432
Land [Member]
Property, plant and equipment, net:
Property, plant and equipment	324		11	0
Building and Building Improvements [Member]
Property, plant and equipment, net:
Property, plant and equipment	2,597		1,522	0
Machinery and Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment	639		0	0
Assets Held-for-sale [Member]
Property, plant and equipment, net:
Accumulated depreciation	(2,207)		(627)	0
Property, plant and equipment, net	1,353		906	0
Land [Member]
Property, plant and equipment, net:
Property, plant and equipment	2,974		3,246	2,077
Building and Building Improvements [Member]
Property, plant and equipment, net:
Property, plant and equipment	76,775		78,140	69,353
Machinery and Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment	138,921		131,766	124,057
Assets held for use [Member]
Property, plant and equipment, net:
Accumulated depreciation	(102,263)		(96,545)	(95,118)
Accumulated Impairment, Property, Plant and Equipment	(554)		0	0
Property, plant and equipment, net	115,853		116,607	100,369
Assets held for use [Member] | Assets Held-for-sale [Member]
Property, plant and equipment, net:
Property, plant and equipment, net	$ 117,206		$ 117,513	$ 100,369

Acquisitions of and Investmen45

Acquisitions of and Investments in Businesses and Technologies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Jan. 31, 2012	Jan. 31, 2015
Business Combination, Description [Abstract]
Goodwill	$ 40,712	$ 25,234	$ 40,712	$ 25,234		$ 52,148
Business Combination, Contingent Consideration Arrangements [Abstract]
Acquisition-related contingent consideration liability, Current	448	1,191	448	1,191		1,375
Acquisition-related contingent consideration liability, Noncurrent	1,483	3,587	1,483	3,587		$ 3,631
Payments of acquisition-related contingent liability			(773)	(491)
Cost of sales	50,639	66,953	$ 150,213	206,524
Integra Plastics [Member]
Business Combination, Description [Abstract]
Business Acquisition, Name of Acquired Entity			Integra Plastics, Inc.
Business Combination Cash received for working capital adjustment			$ 351
Business Acquisition, adjustment to consideration transferred			20
Business Combination, Consideration Transferred			48,262
Goodwill	27,422		27,422
Business Acquisition, Goodwill, Expected Tax Deductible Amount	0		$ 0
SBG Innovatie [Member]
Business Combination, Description [Abstract]
Business Acquisition, Name of Acquired Entity			SBG Innovatie BV
Navtronics [Member]
Business Combination, Description [Abstract]
Business Acquisition, Name of Acquired Entity			Navtronics BVBA
SBG Innovatie and Affiliates [Member]
Business Combination, Description [Abstract]
Business Acquisition, Date of Acquisition Agreement			May 1, 2014
Contingent consideration, potential cash payment	2,500		$ 2,500
Contingent Consideration Term in Years			10 years
Business Combination, Contingent Consideration Arrangements [Abstract]
Acquisition-related contingent consideration, total liability	1,338	1,583	$ 1,338	1,583
Acquisition-related contingent consideration liability, Current	329	298	329	298
Acquisition-related contingent consideration liability, Noncurrent	1,009	1,285	1,009	1,285
Payments of acquisition-related contingent liability	38	37	$ 188	37
Vista Research [Member]
Business Combination, Description [Abstract]
Business Acquisition, Date of Acquisition Agreement			Jan. 6, 2012
Contingent consideration, potential cash payment	15,000		$ 15,000
Business acquisition contingent consideration payments period			7 years		7 years
Business Combination, Contingent Consideration Arrangements [Abstract]
Acquisition-related contingent consideration, total liability	550	2,841	$ 550	2,841
Acquisition-related contingent consideration liability, Current	76	539	76	539
Acquisition-related contingent consideration liability, Noncurrent	474	2,302	474	2,302
Payments of acquisition-related contingent liability	0	$ 0	585	$ 454
Cost of Sales [Member] | Vista Research [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]
Reduction in fair value of contingent consideration liability			2,273
Vista Research [Member] | Cost of Sales [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]
Reduction in fair value of contingent consideration liability	2,273
As Previously Reported [Member]
Business Combination, Description [Abstract]
Goodwill	44,796		44,796
Business Combination, Contingent Consideration Arrangements [Abstract]
Cost of sales	51,440		151,014
Restatement Adjustments [Member]
Business Combination, Description [Abstract]
Goodwill	(4,084)		(4,084)
Business Combination, Contingent Consideration Arrangements [Abstract]
Cost of sales	$ (801)		$ (801)

Goodwill and Long-Lived Asset46

Goodwill and Long-Lived Asset Impairment Loss and Other Charges (Precontract Cost) (Details) - Cost of Sales [Member] - Vista Research [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Jul. 31, 2015	Oct. 31, 2015
Pre-contract Deferred Cost Write-off [Line Items]
Pre-contract deferred costs written off	$ 2,933		$ 2,933
Pre-contract costs deferred to inventory	$ 858	$ 2,075

Goodwill and Long-Lived Asset47

Goodwill and Long-Lived Asset Impairment Loss and Other Charges (Goodwill Impairment Loss) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Jan. 31, 2015
Goodwill [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 3,813,000	$ 0	$ 3,813,000	$ 0
Gross goodwill	52,209,000	25,234,000	52,209,000	25,234,000
Goodwill	40,712,000	25,234,000	40,712,000	25,234,000	$ 52,148,000
Goodwill impairment loss	11,497,000	0	11,497,000	0
Vista Reporting Unit [Member]
Goodwill [Line Items]
Impairment of Long-Lived Assets Held-for-use	3,813,000		3,813,000
Excess in carrying value	$ 13,986,000		$ 13,986,000
Excess in carrying value, percentage	(63.60%)		(63.60%)
Goodwill	$ 0	11,497,000	$ 0	11,497,000	$ 11,497,000
Goodwill impairment loss	11,497,000	$ 0	11,497,000	$ 0
Radar Technology and Radar Customers [Member] | Vista Reporting Unit [Member]
Goodwill [Line Items]
Impairment of Long-Lived Assets Held-for-use	3,154,000		3,154,000
Patented Technology [Member] | Vista Reporting Unit [Member]
Goodwill [Line Items]
Impairment of Long-Lived Assets Held-for-use	105,000		105,000
Property, Plant and Equipment [Member] | Vista Reporting Unit [Member]
Goodwill [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 554,000		$ 554,000

Goodwill and Long-Lived Asset48

Goodwill and Long-Lived Asset Impairment Loss and Other Charges (Goodwill Changes) (Details) - USD ($)		3 Months Ended		9 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Goodwill [Roll Forward]
Balance at beginning of period				$ 52,148,000
Purchase price adjustment to acquired goodwill(a)	[1]			206,000
Goodwill disposed from sale of business				(69,000)
Goodwill impairment loss (as restated)		$ (11,497,000)	$ 0	(11,497,000)	$ 0
Foreign currency translation adjustment				(76,000)
Balance at end of period		40,712,000	25,234,000	40,712,000	25,234,000
Applied Technology [Member]
Goodwill [Roll Forward]
Balance at beginning of period				12,550,000
Purchase price adjustment to acquired goodwill(a)	[1]			0
Goodwill disposed from sale of business				(69,000)
Goodwill impairment loss (as restated)				0
Foreign currency translation adjustment				(76,000)
Balance at end of period		12,405,000		12,405,000
Engineered Films [Member]
Goodwill [Roll Forward]
Balance at beginning of period				27,312,000
Purchase price adjustment to acquired goodwill(a)	[1]			206,000
Goodwill disposed from sale of business				0
Goodwill impairment loss (as restated)				0
Foreign currency translation adjustment				0
Balance at end of period		27,518,000		27,518,000
Aerostar [Member]
Goodwill [Roll Forward]
Balance at beginning of period				789,000
Purchase price adjustment to acquired goodwill(a)	[1]			0
Goodwill disposed from sale of business				0
Goodwill impairment loss (as restated)				0
Foreign currency translation adjustment				0
Balance at end of period		789,000		789,000
Vista [Member]
Goodwill [Roll Forward]
Balance at beginning of period				11,497,000
Purchase price adjustment to acquired goodwill(a)	[1]			0
Goodwill disposed from sale of business				0
Goodwill impairment loss (as restated)		(11,497,000)	0	(11,497,000)	0
Foreign currency translation adjustment				0
Balance at end of period		$ 0	$ 11,497,000	$ 0	$ 11,497,000
[1]	Working capital adjustment and final deferred tax adjustment for Integra acquisition (see Note 6 Acquisitions of and Investments in Businesses and Technologies).

Goodwill and Long-Lived Asset49

Goodwill and Long-Lived Asset Impairment Loss and Other Charges (Long-lived Asset Impairment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss	$ 3,813	$ 0	$ 3,813	$ 0
Accumulated long-lived intangible impairment losses	3,813	$ 0	3,813	$ 0
Vista Reporting Unit [Member]
Finite-Lived Intangible Assets [Line Items]
Long-lived assets, fair value	103		103
Long-lived assets, carrying value	3,916		3,916
Long-lived asset impairment loss	3,813		3,813
Vista Reporting Unit [Member] | Property, Plant and Equipment [Member]
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss	554		554
Vista Reporting Unit [Member] | Radar Technology and Radar Customers [Member]
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss	3,154		3,154
Vista Reporting Unit [Member] | Patented Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss	$ 105		$ 105

Employee Postretirement Benef50

Employee Postretirement Benefits Employee Postretirement Benefits (Details) $ in Thousands	3 Months Ended		7 Months Ended	9 Months Ended
	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Aug. 31, 2015USD ($)participants	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Jan. 31, 2015USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit, number of plan participants with benefits terminated | participants			5
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 49	$ 49	$ 252	$ 265	$ 147
Interest cost	92	91	244	302	274
Defined Benefit Plan, Amortization of Gains (Losses)	(38)	(38)		(206)	(114)
Defined Benefit Plan, Net Periodic Benefit Cost	179	$ 178		$ 773	$ 535
Defined Benefit Plan, Effect of Plan Amendment on Accumulated Benefit Obligation			(958)
Defined Benefit Plan, Actuarial Gain (Loss)			(3,403)
Defined Benefit Plan, Benefits Paid			(89)
Defined Benefit Plan, Benefit Obligation			8,171			$ 12,125
Defined Benefit Plan, Fair Value of Plan Assets			0
Defined Benefit Plan, Funded Status of Plan			(8,171)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax			(2,710)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, before Tax			(958)
Defined benefit plan, Other postretirement benefit obligation, other than amount in Accumulated Other Comprehensive Income			$ (6,419)
Minimum [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Cost of Providing Special or Contractual Termination Benefits Recognized During Period	8
Maximum [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Cost of Providing Special or Contractual Termination Benefits Recognized During Period	$ 15

Employee Postretirement Benef51

Employee Postretirement Benefits (Assumptions used to calculate benefit obligation) (Details) - USD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Aug. 31, 2015	Jan. 31, 2015	Oct. 31, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Measurement Date	Aug. 31, 2015	Jan. 31, 2015
Defined Benefit Plan, Effect of Plan Amendment on Net Periodic Benefit Cost			$ 300
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.25%	3.50%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	4.00%	4.00%
Defined Benefit other postretirement plan, avg years of service	15 years 1 month 21 days	16 years 18 days
Defined Benefit Plan, Year that Rate Reaches Ultimate Trend Rate	2,030	2,025
Defined Benefit Plan, Health Care Cost Trend Rate Assumed for Next Fiscal Year	7.00%	7.20%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	4.50%	5.00%

Warranties (Details)

Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Product Warranty Accrual [Roll Forward]
Beginning balance	$ 1,752	$ 2,617	$ 3,120	$ 2,525
Accrual for warranties	571	676	1,319	2,065
Settlements made	(684)	(837)	(2,800)	(2,134)
Ending balance	$ 1,639	$ 2,456	$ 1,639	$ 2,456

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Apr. 15, 2015	Apr. 14, 2015	Oct. 31, 2014
Line of Credit Facility [Line Items]
Unamortized Debt Issuance Expense	$ 489
Wells Fargo Bank, N.A. [Member]
Line of Credit Facility [Line Items]
Borrowing capacity under line of credit			$ 10,500
Maturity date of the line of credit	Apr. 15, 2015
Letters of credit issued, amount	$ 850
Borrowing outstanding under line of credit	$ 0			$ 0
Remaining borrowing capacity under the line of credit				$ 9,650
JPMorgan Chase Bank [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Initiation Date	Apr. 15, 2015
Borrowing capacity under line of credit		$ 125,000
Maturity date of the line of credit	Apr. 15, 2020
Borrowing outstanding under line of credit	$ 0
Remaining borrowing capacity under the line of credit	$ 125,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Income Tax Contingency [Line Items]
Effective tax rate	13.90%	31.20%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent	17.30%
Canada [Member]
Income Tax Contingency [Line Items]
Undistributed earnings	$ 1,720
Estimated tax liability	$ 270

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Jan. 31, 2015
Restructuring Cost and Reserve [Line Items]
Receivable from sale of business	$ 420,000	$ 0	$ 420,000	$ 0	$ 0
Applied Technology Division [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Activities, Initiation Date			Mar. 10, 2015
Restructuring costs unpaid			$ 0
Severance Costs	0	0	588,000	0
Impairment charges related to exit activity	0		0
Gain on disposal of asset	0		611,000
Receivable from sale of business	420,000		$ 420,000
Vista Research [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Activities, Initiation Date			Oct. 20, 2015
Severance Costs	$ 73,000	$ 0	$ 73,000	$ 0
Cost of Sales [Member] | Applied Technology Division [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs			407,000
Cost of Sales [Member] | Vista Research [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs			58,000
Selling, General and Administrative Expenses [Member] | Applied Technology Division [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs			181,000
Research and Development Expense [Member] | Vista Research [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs			$ 15,000

Dividends and Treasury Stock (D

Dividends and Treasury Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Stockholders' Equity Note [Abstract]
Dividends paid	$ 4,764	$ 4,745	$ 14,598	$ 13,492
Cash dividends paid per common share (in dollars per share)	$ 0.13	$ 0.13	$ 0.39	$ 0.37
Stock Repurchase Program, Authorized Amount	$ 40,000		$ 40,000
Shares repurchased, Treasury Stock	1,052,587		1,602,545
Payments for Repurchase of Common Stock	$ 18,513		$ 29,338	$ 0
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 10,662		$ 10,662

Share-Based Compensation (Detai

Share-Based Compensation (Details) - 2010 Stock Incentive Plan [Member] - $ / shares	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)			289,600	194,900
Stock options vesting period, years			4 years
Years to expiration			5 years
Time-vested RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, years			3 years
Grants in period (time-vested or performance-based RSUs)	8,446	0	27,696	19,040
Weighted average grant date fair value (in dollars per share)			$ 19.90	$ 32.75
Performance-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period, years			3 years
Grants in period (time-vested or performance-based RSUs)	0	0	68,570	54,490
Weighted average grant date fair value (in dollars per share)			$ 20.10	$ 32.75
Share Based Compensation Arrangement, By Share Based Payment Award, Number Of Shares Granted Based On Target Award Percenatge			100.00%
Performance-based RSUs [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Perfromance shares target award			0.00%
Performance-based RSUs [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Perfromance shares target award			150.00%

Share-Based Compensation (Weigh

Share-Based Compensation (Weighted Average Assumptions by Grant Year) (Details) - $ / shares	9 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Share-based Compensation [Abstract]
Risk-free interest rate	1.33%	1.32%
Expected dividend yield	2.59%	1.53%
Expected volatility factor	36.81%	38.65%
Expected option term (in years)	3 years 9 months	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 4.77	$ 9.18

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Oct. 31, 2015		Jul. 31, 2015	Oct. 31, 2014	Oct. 31, 2015		Oct. 31, 2014
Segment Reporting Information [Line Items]
Net sales		$ 67,611			$ 91,292	$ 205,402		$ 288,287
Operating income		(9,823)			10,159	3,820		37,387
Administrative and general expenses		(3,802)			(4,935)	(13,322)		(15,690)
Goodwill impairment loss		11,497			0	11,497		0
Long-lived asset impairment loss		3,813			0	3,813		0
Applied Technology Division [Member]
Segment Reporting Information [Line Items]
Net sales		21,344			33,161	74,165		115,696
Operating income	[1]	3,299			6,447	16,081		31,132
Gain on disposal of asset		0				611
Goodwill impairment loss						0
Engineered Films [Member]
Segment Reporting Information [Line Items]
Net sales		36,919			41,249	104,029		125,755
Operating income		6,145			5,486	15,981		17,165
Goodwill impairment loss						0
Aerostar Division [Member]
Segment Reporting Information [Line Items]
Net sales		9,456			19,257	27,338		56,179
Operating income		(15,474)	[2]		3,027	(15,013)	[2]	4,666
Goodwill impairment loss						0
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	[3]	(108)			(2,375)	(130)		(9,343)
Operating income	[3]	9			134	93		114
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Operating income		(6,021)			$ 15,094	17,142		$ 53,077
Cost of Sales [Member] | Vista Research [Member]
Segment Reporting Information [Line Items]
Reduction in fair value of contingent consideration liability						2,273
Cost of Sales [Member] | Vista Research [Member]
Segment Reporting Information [Line Items]
Pre-contract deferred costs written off		2,933				2,933
Pre-contract costs deferred to inventory		858		$ 2,075
Reduction in fair value of contingent consideration liability		2,273
Operating Income (Loss) [Member] | Vista Research [Member]
Segment Reporting Information [Line Items]
Goodwill impairment loss		$ 11,497				11,497
Long-lived asset impairment loss						$ 3,813
[1]	(b) Includes gains of $611 for the nine-month period ended October 31, 2015 on disposal of assets related to the exit of contract manufacturing operations.
[2]	(c) The three- and nine-month periods ended October 31, 2015 include pre-contract cost write-offs of $2,933 (which is comprised of $2,075 of costs capitalized as of July 31, 2015 and additional costs of $858 capitalized during August and September 2015), a goodwill impairment loss of $11,497, a long-lived asset impairment loss of $3,813, and a reduction of $2,273 of an acquisition-related contingent liability for Vista as a result of changes in expected sales and cash flows.
[3]	(a) Fiscal 2016 intersegment sales were primarily sales from Engineered Films to Aerostar. Fiscal 2015 intersegment sales were comprised primarily of contract manufacturing sales from Aerostar to Applied Technology.