Raven Industries (RAVN) 10-Q 21 Nov 17 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2017	Nov. 17, 2017
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
Document Period End Date	Oct. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		35,755,646

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2017	Jan. 31, 2017	Oct. 31, 2016
Current assets
Cash and cash equivalents	$ 36,873	$ 50,648	$ 46,313
Accounts receivable, net	59,573	43,143	39,554
Inventories	53,481	42,336	42,813
Other current assets	3,910	2,689	2,747
Total current assets	153,837	138,816	131,427
Property, plant and equipment, net	105,651	106,324	108,948
Goodwill	46,752	40,649	40,703
Amortizable intangible assets, net	11,375	12,048	12,511
Other assets	2,926	3,672	3,746
TOTAL ASSETS	320,541	301,509	297,335
Current liabilities
Accounts payable	13,383	8,467	9,377
Accrued liabilities	21,645	18,055	14,708
Customer advances	908	1,860	1,154
Total current liabilities	35,936	28,382	25,239
Other liabilities	13,456	13,696	12,134
Commitments and contingencies	0	0	0
Shareholders' equity
Common stock, $1 par value, authorized shares 100,000; issued 67,088; 67,060; and 67,060, respectively	67,088	67,060	67,060
Paid-in capital	58,484	55,795	55,703
Retained earnings	249,034	230,649	230,957
Accumulated other comprehensive income (loss)	(3,058)	(3,676)	(3,361)
Treasury stock at cost, 31,332; 30,984; and 30,984 shares, respectively	(100,402)	(90,402)	(90,402)
Total Raven Industries, Inc. shareholders' equity	271,146	259,426	259,957
Noncontrolling interest	3	5	5
Total equity	271,149	259,431	259,962
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 320,541	$ 301,509	$ 297,335

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) (Unaudited) - $ / shares	Oct. 31, 2017	Jan. 31, 2017	Oct. 31, 2016
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)	67,088,000	67,060,000	67,060,000
Treasury stock, at cost (in shares)	31,332,000	30,984,000	30,984,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Income Statement [Abstract]
Net sales	$ 101,349	$ 72,522	$ 281,494	$ 208,480
Cost of sales	68,016	52,683	189,692	149,609
Gross profit	33,333	19,839	91,802	58,871
Research and development expenses	4,083	4,151	12,319	12,475
Selling, general, and administrative expenses	11,421	8,212	31,476	24,174
Long-lived asset impairment loss	0	87	259	87
Operating income	17,829	7,389	47,748	22,135
Other income (expense), net	(34)	(273)	(327)	(579)
Income before income taxes	17,795	7,116	47,421	21,556
Income tax expense	5,798	1,375	14,842	5,802
Net income	11,997	5,741	32,579	15,754
Net income (loss) attributable to the noncontrolling interest	(1)	0	(2)	1
Net income attributable to Raven Industries, Inc.	$ 11,998	$ 5,741	$ 32,581	$ 15,753
Net income per common share:
Basic (in dollars per share)	$ 0.33	$ 0.16	$ 0.90	$ 0.43
Diluted (in dollars per share)	0.33	0.16	0.89	0.43
Cash dividends paid per common share (in dollars per share)	$ 0.13	$ 0.13	$ 0.39	$ 0.39
Comprehensive income (loss):
Net income	$ 11,997	$ 5,741	$ 32,579	$ 15,754
Other comprehensive income (loss):
Foreign currency translation	(185)	(201)	637	146
Postretirement benefits, net of income tax benefit (expense) of $4, $2, $11 and $4, respectively	(6)	(2)	(19)	(6)
Other comprehensive income (loss), net of tax	(191)	(203)	618	140
Comprehensive income	11,806	5,538	33,197	15,894
Comprehensive income (loss) attributable to noncontrolling interest	(1)	0	(2)	1
Comprehensive income attributable to Raven Industries, Inc.	$ 11,807	$ 5,538	$ 33,199	$ 15,893

Consolidated Statements of Inc5

Consolidated Statements of Income and Comprehensive Income (Unaudited) (Parenthetical) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Income Statement [Abstract]
Other comprehensive income, postretirement benefits, income tax (expense) benefit	$ 4	$ 2	$ 11	$ 4

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, 2016	$ 264,229	$ 67,006	$ 53,907	$ (82,700)	$ 229,443	$ (3,501)	$ 264,155	$ 74
Treasury stock at beginning of period (in shares) at Jan. 31, 2016				30,500,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,754				15,753		15,753	1
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	146					146	146
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(6)					(6)	(6)
Cash dividends	(14,078)		161		(14,239)		(14,078)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	70	0	0		0		0	70
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(256)	35	(291)				(256)
Director shares issued	$ 0	19	(19)				0
Shares repurchased, Treasury Stock	484,252			484,000
Shares repurchased	$ (7,702)			$ (7,702)			(7,702)
Share-based compensation	2,291	0	2,291				2,291
Income tax impact related to share-based compensation	(346)		(346)				(346)
Balance at end of period at Oct. 31, 2016	$ 259,962	67,060	55,703	$ (90,402)	230,957	(3,361)	259,957	5
Treasury stock at end of period (in shares) at Oct. 31, 2016	30,984,000			30,984,000
Balance at beginning of period at Jan. 31, 2017	$ 259,431	67,060	55,795	$ (90,402)	230,649	(3,676)	259,426	5
Treasury stock at beginning of period (in shares) at Jan. 31, 2017	30,984,000			30,984,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 32,579				32,581		32,581	(2)
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	637					637	637
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(19)					(19)	(19)
Cash dividends	(14,032)		164		(14,196)		(14,032)
Stock issued on stock options exercised, net of shares withheld for employee taxes	(157)	13	(170)				(157)
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(151)	11	(162)				(151)
Director shares issued	$ 0	4	(4)				0
Shares repurchased, Treasury Stock	348,286			348,000
Shares repurchased	$ (10,000)			$ (10,000)			(10,000)
Share-based compensation	2,861	0	2,861				2,861
Balance at end of period at Oct. 31, 2017	$ 271,149	$ 67,088	$ 58,484	$ (100,402)	$ 249,034	$ (3,058)	$ 271,146	$ 3
Treasury stock at end of period (in shares) at Oct. 31, 2017	31,332,000			31,332,000

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Unaudited) (Parenthetical) (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.390	$ 0.390
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax	$ 11	$ 4

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
OPERATING ACTIVITIES:
Net income	$ 32,579	$ 15,754
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,985	11,526
Change in fair value of acquisition-related contingent consideration	198	(41)
Long-lived asset impairment loss	259	87
Loss from equity investment	247	223
Deferred income taxes	(1,035)	(290)
Share-based compensation expense	2,861	2,291
Other operating activities, net	868	8
Change in operating assets and liabilities:
Accounts receivable	(8,160)	(1,620)
Inventories	(9,213)	3,048
Other assets	(897)	(135)
Operating liabilities	2,142	7,834
Net cash provided by operating activities	30,834	38,685
INVESTING ACTIVITIES:
Capital expenditures	(7,003)	(3,901)
Payments related to business acquisitions	(12,700)	0
Proceeds from sale or maturity of investments	250	250
Purchase of investments	(255)	(750)
(Disbursements) proceeds from sale of assets	(333)	1,145
Other investing activities	(36)	(498)
Net cash used in investing activities	(20,077)	(3,754)
FINANCING ACTIVITIES:
Dividends paid	(14,032)	(14,148)
Payments for common shares repurchased	(10,000)	(7,702)
Payments of acquisition-related contingent liability	(364)	(318)
Restricted stock units vested and issued	(151)	(256)
Employee stock options exercises	(157)	0
Net cash used in financing activities	(24,704)	(22,424)
Effect of exchange rate changes on cash	172	24
Net increase (decrease) in cash and cash equivalents	(13,775)	12,531
Cash and cash equivalents at beginning of year	50,648	33,782
Cash and cash equivalents at end of period	$ 36,873	$ 46,313

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	9 Months Ended
	Oct. 31, 2017
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, geomembrane, construction, and aerospace/defense markets. The Company is comprised of three unique operating units, or divisions, classified into reportable segments: Applied Technology, Engineered Films, and Aerostar. The accompanying interim unaudited consolidated financial statements, which includes the accounts of Raven and its wholly-owned or controlled subsidiaries, net of intercompany balances and transactions, has been prepared by the Company in accordance with generally accepted accounting principles in the United States (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, these financial statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary to fairly present this financial information have been included. These financial statements should be read in conjunction with the audited consolidated financial statements and the accompanying notes included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2017 . Financial results for the interim three- and nine-month periods ended October 31, 2017 are not necessarily indicative of the results that may be expected for the year ending January 31, 2018. The January 31, 2017 consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required in an annual report on Form 10-K. 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%

Summary of Significant Accounti

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Notes)	9 Months Ended
	Oct. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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, 2017 other than described below in the Accounting Standards Adopted section. Accounting Pronouncements Accounting Standards Adopted In the fiscal 2018 first quarter, the Company early adopted Accounting Standards Update (ASU) No. 2017-04 (issued by the Financial Accounting Standards Board (FASB) in January 2017), "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" (ASU 2017-04) on a prospective basis . This ASU removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Under the new guidance, a goodwill impairment will be measured as the amount by which a reporting unit’s carrying value exceeds its fair value. The amount of any impairment may not exceed the carrying amount of goodwill. The amendments should be applied on a prospective basis. As discussed in Note 7 Goodwill, Long-lived Assets, and Other Intangibles , management performed an assessment in the fiscal 2018 first, second and third quarters and determined no triggering events had occurred for any of its three reporting units; therefore, the early adoption of this guidance did not have any impact on the consolidated financial statements or the results of operations as of and for the three- or nine-month periods ended October 31, 2017. In the fiscal 2018 first quarter when it became effective, the Company adopted FASB ASU 2016-09 (issued in March 2016), "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" (ASU 2016-09). ASU 2016-09 amends the accounting for employee share-based payment transactions to require recognition of the tax effects resulting from the settlement of stock-based awards as discrete income tax expense or benefit in the income statement in the reporting period in which they occur. This guidance also requires that all tax-related cash flows resulting from share-based awards be disclosed as operating cash flows in the statement of cash flows and that cash paid to taxing authorities on the behalf of employees for withheld shares be classified as a financing activity in the statement of cash flows. Finally, this ASU allows companies to make an accounting policy election to either estimate the number of awards that are expected to vest, consistent with current GAAP, or account for forfeitures when they occur. The Company accounts for forfeitures as they occur. The Company is prospectively recognizing excess tax benefits or deficits on vesting or settlement of awards, when they occur, as a discrete income tax benefit or expense instead of as additional paid-in capital as required under previous guidance. This change to the Company's accounting policies resulted in recognition of income tax expense of $2 and $571 for the three- and nine-month periods ended October 31, 2017. These tax-related cash flows are now classified within operating activities. The Company classifies tax payments made to taxing authorities on the employee's behalf for withheld shares as a financing activity on the statement of cash flows, as such the adoption of this guidance had no impact. Under the new guidance, excess tax benefits are no longer included in assumed proceeds under the treasury stock method of calculating earnings per share. The increase in incremental shares used in the weighted average diluted shares calculation was not material to the Company's diluted earnings per share calculation. In the fiscal 2018 first quarter when it became effective, the Company adopted the FASB ASU No. 2015-11 (issued in July 2015), "Inventory (Topic 330) Simplifying the Measurement of Inventory" (ASU 2015-11) on a prospective basis. 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 price 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. Previously the Company reported its inventory at the lower of cost or market. Market was defined as replacement cost with a ceiling of net realizable value and a floor of net realizable value less a normal profit margin. The Company evaluates its inventory in all three reporting segments quarterly to determine if cost exceeds net realizable value and records a write-down, if necessary. The adoption of this guidance did not have any impact on the consolidated financial statements or the results of operations as of and for the three- and nine-month periods ended October 31, 2017. New Accounting Standards Not Yet Adopted In May 2017, the FASB issued ASU No. 2017-09, "Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting" (ASU 2017-09). The guidance amends the scope of modification accounting for share-based payment arrangements. The ASU provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under Topic 718. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions, and classification of the awards as equity instruments or a liability instruments are the same immediately before and after the modification to the award. The guidance is effective for annual periods, including interim periods, in fiscal years beginning after December 15, 2017. Early adoption is permitted and the amendments should be applied prospectively to an award modified on or after the adoption date. The Company currently has no plans to modify any of its outstanding awards. The Company will consider early adopting this guidance if modifications to its share-based compensation arrangements are likely to occur. The Company does not expect the adoption of this guidance will have a significant impact on its consolidated financial statements, results of operations, and disclosures. In March 2017, the FASB issued ASU No. 2017-07, "Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Postretirement Benefit Cost" (ASU 2017-07). The guidance clarifies where the cost components of the net benefit cost should be reported in the income statement and it allows only the service cost to be capitalized. Currently the Company reports all of the components of the net benefit cost in "Operating income" in the Consolidated Statement of Income and Comprehensive Income. The net benefit cost for participants that are active employees is reported in the same manner as each participant's compensation cost is classified in the Consolidated Statement of Income and Comprehensive Income. The net benefit cost attributable to retired (inactive) participants is reported in "Selling, general, and administrative expenses" in the Consolidated Statement of Income and Comprehensive Income. Under the new guidance only the service cost component of the net benefit cost will be classified the same as the participant's compensation cost. The other components of the net benefit cost are required to be reported separately as a non-operating income (expense). The guidance is effective for annual periods, including interim periods, in fiscal years beginning after December 15, 2017. Early adoption is permitted and the amendments should be applied retrospectively. The Company does not expect this guidance will have a significant impact on its consolidated financial statements, results of operations and disclosures since it primarily will only change how the net benefit cost is classified in the Company's Consolidated Statements of Income and Comprehensive Income. In February 2016 the FASB issued ASU No. 2016-02, "Leases (Topic 842)" (ASU 2016-02). The primary difference between previous GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. The guidance requires a lessee to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. When measuring assets and liabilities arising from a lease, a lessee (and a lessor) should include payments to be made in optional periods only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. Similarly, optional payments to purchase the underlying asset should be included in the measurement of lease assets and lease liabilities only if the lessee is reasonably certain to exercise that purchase option. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018. Lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that entities may elect to apply. An entity that elects to apply the practical expedients will, in effect, continue to account for leases that commence before the effective date in accordance with previous GAAP unless the lease is modified, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements, results of operations, and disclosures.

Net Income per Share

Net Income per Share	9 Months Ended
	Oct. 31, 2017
Earnings Per Share [Abstract]
Net Income per Share	NET INCOME PER SHARE Basic net income per share is computed by dividing net income by the weighted average common shares and fully vested 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 if 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, October 31, October 31, October 31, Anti-dilutive options and restricted stock units 338,244 653,513 385,157 922,041 The computation of earnings per share is presented below: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Numerator: Net income attributable to Raven Industries, Inc. $ 11,998 $ 5,741 $ 32,581 $ 15,753 Denominator: Weighted average common shares outstanding 35,829,880 36,076,259 36,002,024 36,164,468 Weighted average fully vested stock units outstanding 109,558 97,716 105,830 100,595 Denominator for basic calculation 35,939,438 36,173,975 36,107,854 36,265,063 Weighted average common shares outstanding 35,829,880 36,076,259 36,002,024 36,164,468 Weighted average fully vested stock units outstanding 109,558 97,716 105,830 100,595 Dilutive impact of stock options and restricted stock units 380,997 122,270 369,339 70,102 Denominator for diluted calculation 36,320,435 36,296,245 36,477,193 36,335,165 Net income per share ─ basic $ 0.33 $ 0.16 $ 0.90 $ 0.43 Net income per share ─ diluted $ 0.33 $ 0.16 $ 0.89 $ 0.43

Selected Balance Sheet Informat

Selected Balance Sheet Information	9 Months Ended
	Oct. 31, 2017
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, 2017 January 31, 2017 October 31, 2016 Accounts receivable, net: Trade accounts $ 60,621 $ 43,834 $ 40,257 Allowance for doubtful accounts (1,048 ) (691 ) (703 ) $ 59,573 $ 43,143 $ 39,554 Inventories: Finished goods $ 7,063 $ 5,438 $ 5,686 In process 1,035 2,288 2,325 Materials 45,383 34,610 34,802 $ 53,481 $ 42,336 $ 42,813 Other current assets: Insurance policy benefit $ 593 $ 802 $ 776 Income tax receivable 269 604 228 Receivable from sale of business 17 28 71 Prepaid expenses and other 3,031 1,255 1,672 $ 3,910 $ 2,689 $ 2,747 Property, plant and equipment, net: Land $ 3,234 $ 3,054 $ 3,054 Buildings and improvements 80,009 77,817 78,674 Machinery and equipment 147,723 142,471 142,946 Accumulated depreciation (125,315 ) (117,018 ) (115,726 ) $ 105,651 $ 106,324 $ 108,948 Other assets: Equity method investments $ 1,884 $ 2,371 $ 2,346 Deferred income taxes 18 18 65 Other 1,024 1,283 1,335 $ 2,926 $ 3,672 $ 3,746 Accrued liabilities: Salaries and related $ 6,464 $ 6,286 $ 3,931 Benefits 4,128 3,960 3,720 Insurance obligations 3,106 2,400 2,022 Warranties 1,217 1,547 1,852 Income taxes 1,668 498 332 Other taxes 1,446 1,540 1,230 Acquisition-related contingent consideration 815 445 396 Other 2,801 1,379 1,225 $ 21,645 $ 18,055 $ 14,708 Other liabilities: Postretirement benefits $ 8,110 $ 8,054 $ 7,714 Acquisition-related contingent consideration 2,016 1,397 1,385 Deferred income taxes 393 1,421 257 Uncertain tax positions 2,584 2,610 2,778 Other 353 214 — $ 13,456 $ 13,696 $ 12,134

Assets Held for Sale (Notes)

Assets Held for Sale (Notes)	9 Months Ended
	Oct. 31, 2017
Assets Held for Sale Disclosure [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	ASSETS HELD FOR SALE The Company continually analyzes its product and service offerings to ensure we serve market segments with attractive near- and long-term growth prospects that are consistent with our core capabilities. Through this continued evaluation the Company's Aerostar segment finalized a plan ("the Plan") to actively market the sale of its client private and radar product lines, which it has determined constitutes a business. During the second quarter of fiscal 2018 the Company determined that it was probable that these product lines would be sold within one year. The Company has identified specific assets and liabilities likely to be sold, including an allocation of goodwill based on the relative fair value of the business to be sold. Currently, the Company estimates the fair value of the net assets held for sale is in excess of their net book value. As such there is no impact to the Consolidated Statement of Income for the three- or nine-month periods ended October 31, 2017. Under the Plan, Aerostar will remain focused on serving the aerospace/defense market with its stratospheric balloon product and service offerings. Amounts classified as held for sale are as follows: October 31, 2017 Assets held for sale Inventories $ 3,000 Other current assets 79 Total current assets held for sale 3,079 Property, plant and equipment, net 227 Goodwill 102 Amortizable intangible assets, net 358 Other assets 17 Total assets held for sale $ 3,783 Liabilities held for sale Current liabilities $ 392 Other long-term liabilities 127 Total liabilities held for sale $ 519

Acquisitions of and Investments

Acquisitions of and Investments in Businesses and Technologies	9 Months Ended
	Oct. 31, 2017
Business Combinations [Abstract]
Acquisitions of and Investments in Businesses and Technologies	ACQUISITIONS OF AND INVESTMENTS IN BUSINESSES AND TECHNOLOGIES Colorado Lining International, Inc. On September 1, 2017 , the Company completed the acquisition of substantially all of the assets ("the acquisition") of Colorado Lining International, Inc. , a Colorado corporation, headquartered in Parker, CO (“CLI”). The acquisition will immediately align under the Company’s Engineered Films Division. The acquisition enhances the Company’s geomembrane market position through extended service and product offerings with the addition of new design-build and installation service components, and will advance Engineered Films’ business model into a vertically-integrated, full-service solutions provider for the geomembrane market. The acquisition constitutes a business and as such was accounted for as a business combination. The purchase price was approximately $15,088 . This includes potential earn-out payments with an estimated fair value of $1,256 which are contingent upon achieving certain revenues and operational synergies. The acquisition includes a working capital adjustment to be settled within ninety days after acquisition. In the initial acquisition accounting, the fair value of the business acquired was allocated to the assets acquired and liabilities assumed based on their estimated fair values. The excess of the purchase price over the fair value of the identifiable assets acquired and liabilities assumed is reflected as goodwill. Goodwill recorded as part of the purchase price allocation was $5,941 , all of which is tax deductible. Identifiable intangible assets acquired as part of the acquisition were $610 , including definite-lived intangibles, such as customer relationships and order backlog. The estimated fair value of the assets acquired and liabilities assumed are preliminary and may be adjusted as the Company obtains additional information, primarily related to adjustments for the true up of acquired net working capital in accordance with the asset purchase agreement. If there are adjustments made for these items, the fair value of intangible assets and goodwill could be impacted. Thus, the provisional measurements of fair value are subject to change. Ag-Eagle Aerial Systems, Inc. In February 2016, the Applied Technology Division acquired an interest of approximately 5% in AgEagle Aerial Systems, Inc. (AgEagle). AgEagle is a privately held company that is a provider of unmanned aerial systems (UAS) used for agricultural applications. Contemporaneously with the execution of this agreement, AgEagle and the Company entered into a distribution agreement whereby the Company was appointed as the exclusive distributor of the existing AgEagle system as it pertains to the agriculture market. The Company’s equity ownership interest is considered a variable interest and it accounts for this investment under the equity method of accounting. The Company is not the primary beneficiary as the Company does not have the power to direct the activities that most significantly impact the VIE’s economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the entity. The purchase price was allocated between the equity ownership interest and an intangible asset for the exclusive distribution agreement. In April 2017, the Company determined that the investment in AgEagle, was fully impaired, further described in Note 7 Goodwill, Long-lived Assets and Other Intangibles , due to lower than expected cash flows. The Company has no commitments or guarantees related to this equity method investment. Acquisition-related Contingent Consideration The Company has contingent liabilities related to the recent acquisition of CLI, as well as the prior acquisitions of SBG Innovatie BV and its affiliate, Navtronics BVBA (collectively, SBG) in May 2014 and Vista Research, Inc. (Vista) in January 2012. The fair value of such contingent consideration is estimated as of the acquisition date, and subsequently at the end of each reporting period, using forecasted cash flows. Projecting future cash flows requires the Company to make significant estimates and assumptions regarding future events, conditions, or revenues being achieved under the subject contingent agreement as well as the appropriate discount rate. Such valuation techniques include one or more significant inputs that are not observable (Level 3 fair value measures). Changes in the fair value of the liability for acquisition-related contingent consideration are as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Beginning balance $ 1,567 $ 1,901 $ 1,741 $ 2,059 Fair value of contingent consideration acquired 1,256 — 1,256 — Change in fair value of the liability 52 (165 ) 198 (41 ) Contingent consideration earn-out paid (44 ) (36 ) (364 ) (318 ) Ending balance $ 2,831 $ 1,700 $ 2,831 $ 1,700 Classification of liability in the Consolidated balance sheet Accrued Liabilities $ 815 $ 315 Other Liabilities, long-term 2,016 1,385 Balance at October 31, 2017 $ 2,831 $ 1,700 In the recent CLI acquisition, the Company entered into a contingent earn-out agreement, not to exceed $2,000 . The earn-out is paid annually for three years after the purchase date, contingent upon achieving certain revenues and operational synergies. To date, the Company has made no payments on this potential earn-out liability. 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. To date, the Company has paid a total of $847 of this potential earn-out liability. 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 . To date, the Company has paid a total of $1,572
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	Changes in the fair value of the liability for acquisition-related contingent consideration are as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Beginning balance $ 1,567 $ 1,901 $ 1,741 $ 2,059 Fair value of contingent consideration acquired 1,256 — 1,256 — Change in fair value of the liability 52 (165 ) 198 (41 ) Contingent consideration earn-out paid (44 ) (36 ) (364 ) (318 ) Ending balance $ 2,831 $ 1,700 $ 2,831 $ 1,700 Classification of liability in the Consolidated balance sheet Accrued Liabilities $ 815 $ 315 Other Liabilities, long-term 2,016 1,385 Balance at October 31, 2017 $ 2,831 $ 1,700

Goodwill, Long-lived Assets and

Goodwill, Long-lived Assets and Other Intangibles Goodwill, Long-lived Assets and Other Intangibles (Notes)	9 Months Ended
	Oct. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Impairment Loss and Other Charges	GOODWILL, LONG-LIVED ASSETS, AND OTHER CHARGES Goodwill Fiscal 2018 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. Management performed an assessment in the fiscal 2018 third quarter and determined that no triggering events had occurred for any of the Company's reporting units. There were no goodwill impairment losses reported in the three- and nine-month periods ended October 31, 2017. Fiscal 2017 In the fiscal 2017 third quarter the Company determined that a triggering event occurred for its Aerostar reporting unit, which had $789 of goodwill as of October 31, 2016. The triggering event was caused by lowering the financial expectations for net sales and operating income of the reporting unit and certain asset groups due to delays and uncertainties regarding the reporting unit’s pursuit of certain opportunities, including aerostat orders, certain classified stratospheric balloon pursuits, and radar pursuits. Aerostar was still actively pursuing these opportunities and some were in active negotiations, but the timing of certain aerostat and classified stratospheric balloon opportunities are being delayed more than previously expected and the likelihood of radar sales is lower due to the Company's decision to no longer actively pursue certain radar product opportunities . A Step 1 impairment analysis was completed using fair value techniques as of October 31, 2016. In determining the estimated fair value of the Aerostar 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, 2016 analysis indicated that the estimated fair value of the Aerostar reporting unit exceeded the reporting unit carrying value by approximately $9,000 , or approximately 30.0% . There were no goodwill impairment losses reported in the three- and nine-month periods ended October 31, 2016. The changes in the carrying amount of goodwill by reporting unit were as follows: Applied Technology Engineered Films Aerostar Total Balance at January 31, 2017 $ 12,342 $ 27,518 $ 789 $ 40,649 Additions due to business combinations — 5,941 — 5,941 Divestiture of business — — (52 ) (52 ) Foreign currency translation adjustment 214 — — 214 Balance at October 31, 2017 $ 12,556 $ 33,459 $ 737 $ 46,752 Balance at January 31, 2016 $ 12,365 $ 27,518 $ 789 $ 40,672 Foreign currency translation adjustment 31 — — 31 Balance at October 31, 2016 $ 12,396 $ 27,518 $ 789 $ 40,703 Long-lived Assets and Other Intangibles Fiscal 2018 The Company assesses the recoverability of long-lived assets, including definite-lived intangibles, equity method investments, and property plant and equipment if events or changes in circumstances indicate that an asset might be impaired. For long-lived and intangible assets, the Company performs impairment reviews by asset groups. When performing long-lived asset testing, the fair values of assets are determined based on valuation techniques using the best available information. Such valuations are derived from valuation techniques in which one or more significant inputs are not observable (Level 3 fair value measures). An impairment loss is recognized when the carrying amount of an asset is above the estimated undiscounted cash flows used in determining the fair value of the asset. During first quarter of fiscal 2018, the Company determined that the investment in AgEagle, further described in Note 6 Acquisitions of and Investments in Businesses and Technologies, was impaired due to lower than expected cash flows. This impairment was determined to be other-than-temporary and an accelerated equity method investment loss of $72 was reported in "Other (expense), net" in the Consolidated Statements of Income and Comprehensive Income for the nine-month period ended October 31, 2017. The Company also determined the customer relationship intangible asset related to the Ag Eagle exclusive distribution agreement was fully impaired. The total impairment loss reported related to this intangible asset was $259 and was reported in "Long-lived asset impairment loss" in the Consolidated Statements of Income and Comprehensive Income for the nine-month period ended October 31, 2017. There were no long-lived asset impairments or accelerated equity method investment losses reported in the three-month period ended October 31, 2017. Fiscal 2017 The Company evaluated the triggering events described in the goodwill impairment analysis and determined there were also triggering events with respect to the assets associated with the aerostat and stratospheric programs (Lighter than Air) and Radar asset groups in the Aerostar reporting unit in the third quarter, which resulted in an asset impairment test. 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 Lighter than Air asset group exceeded the carrying value of the long-lived assets by approximately $110,000 , or 800% , 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 estimated fair value of the Radar asset group long-lived assets was $175 compared to the carrying value of $262 for the asset group. The shortfall of $87 was recorded in the fiscal 2017 third quarter as an impairment charge to operating income reported as "Long-lived asset impairment loss" in the Consolidated Statements of Income and Comprehensive Income. The total impairment loss related to property, plant, and equipment and patents was $62 and $25 , respectively. The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets: October 31, 2017 January 31, 2017 October 31, 2016 Accumulated Accumulated Accumulated Amount amortization Net Amount amortization Net Amount amortization Net Existing technology $ 7,218 $ (6,854 ) $ 364 $ 7,136 $ (6,553 ) $ 583 $ 7,157 $ (6,490 ) $ 667 Customer relationships 13,220 (4,503 ) 8,717 12,987 (3,680 ) 9,307 13,000 (3,421 ) 9,579 Patents and other intangibles 4,708 (2,414 ) 2,294 4,378 (2,220 ) 2,158 4,427 (2,162 ) 2,265 Total $ 25,146 $ (13,771 ) $ 11,375 $ 24,501 $ (12,453 ) $ 12,048 $ 24,584 $ (12,073 ) $ 12,511 Inventory write-downs During the fiscal 2017 third quarter, the Company wrote-down radar inventory, purchased primarily during fiscal 2016, due to the Company's decision in the fiscal 2017 third quarter to no longer actively pursue certain radar opportunities. The decision to write-down this inventory is consistent with the triggering event identified during the fiscal 2017 third quarter relating to the Aerostar reporting unit and the radar product and radar services (Radar) asset group. This radar specific inventory write-down increased "Cost of sales" by $2,278 for the three- and nine-month periods ended October 31, 2016. There were no

Employee Postretirement Benefit

Employee Postretirement Benefits	9 Months Ended
	Oct. 31, 2017
Retirement Benefits [Abstract]
Employee Postretirement Benefits	EMPLOYEE POSTRETIREMENT BENEFITS The Company provides postretirement medical and other benefits to certain current and past senior executive officers and senior managers. These plan obligations are unfunded. 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 $ 21 $ 20 $ 64 $ 60 Interest cost 83 83 247 249 Amortization of actuarial losses 30 36 90 110 Amortization of unrecognized gains in prior service cost (40 ) (40 ) (120 ) (120 ) Net periodic benefit cost $ 94 $ 99 $ 281 $ 299

Warranties

Warranties	9 Months Ended
	Oct. 31, 2017
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 $ 2,265 $ 2,076 $ 1,547 $ 1,835 Change in provision (274 ) 202 1,504 1,288 Settlements made (774 ) (426 ) (1,834 ) (1,271 ) Ending balance $ 1,217 $ 1,852 $ 1,217 $ 1,852

Financing Arrangements Financin

Financing Arrangements Financing Arrangements	9 Months Ended
	Oct. 31, 2017
Debt Disclosure [Abstract]
Financing Arrangements	FINANCING ARRANGEMENTS The Company entered into a credit facility on April 15, 2015 with 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). The Credit Agreement provides for a syndicated senior revolving credit facility up to $125,000 with a maturity date of April 15, 2020 . Simultaneous with execution of the Credit Agreement, Raven, and its subsidiaries 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. Unamortized debt issuance costs associated with this Credit Agreement were $270 , $352 and $379 at October 31, 2017 , January 31, 2017 , and October 31, 2016 , respectively and are included in "Other assets" in the Consolidated Balance Sheets. 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 includes annual administrative and unborrowed capacity fees. The Credit Agreement also 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. The Company requested and received the necessary covenant waivers relating to its late filing of financial information in fiscal 2017. Financial covenants include an interest coverage ratio and funded indebtedness to earnings before interest, taxes, depreciation, and amortization as defined in the Credit Agreement. The loan proceeds may be utilized by Raven for strategic business purposes and for working capital needs. Letters of credit (LOCs) totaling $1,103 were outstanding at October 31, 2017 . Letters of Credit totaling $514 were outstanding at January 31, 2017 , and October 31, 2016 . Any draws required under the LOCs would be settled with available cash or borrowings under the Credit Agreement. There were no borrowings under the Credit Agreement for any of the fiscal periods covered by this Quarterly Report on Form 10-Q. Availability under the Credit Agreement for borrowings as of October 31, 2017 was $123,947

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies Disclosure	9 Months Ended
	Oct. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES The Company is involved as a party in lawsuits, claims, regulatory inquiries, or disputes arising in the normal course of its business, the potential costs and liability of which cannot be determined at this time. Among these matters is a patent infringement lawsuit filed in federal district court in Kansas, in which Capstan Ag Systems, Inc. has made certain infringement claims against the Company and one of its customers, CNH Industrial America LLC, related to the Applied Technology Division’s Hawkeye ® Nozzle Control System. Management does not believe the ultimate outcomes of its legal proceedings are likely to be significant to its results of operations, financial position, or cash flows. Additionally, because of the present status of the lawsuit, management cannot determine the potential impact, if any, of the patent infringement lawsuit described above. The Company has insurance policies that provide coverage to various degrees for potential liabilities arising from legal proceedings.

Income Tax Income Tax Disclosur

Income Tax Income Tax Disclosure	9 Months Ended
	Oct. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure	INCOME TAXES The Company’s effective tax rate varies from the federal statutory rate primarily due to state and local taxes, research and development tax credit, tax benefits on qualified production activities, and tax-exempt insurance premiums. The Company’s effective tax rates for the nine-month periods ended October 31, 2017 and 2016 were 31.3% and 26.9% , respectively. The increase in the effective tax rate is primarily due to higher pre-tax income in the current year and recognition of discrete tax expense related to the Company's adoption of ASU 2016-09 in the fiscal 2018 as further discussed in Note 2 Summary of Significant Accounting Policies

Dividends and Treasury Stock

Dividends and Treasury Stock	9 Months Ended
	Oct. 31, 2017
Stockholders' Equity Note [Abstract]
Dividends and Treasury Stock	DIVIDENDS AND TREASURY STOCK Dividends paid to Raven shareholders for the three - and nine-month periods ended October 31, 2017 were $4,648 and $14,032 , or 13.0 cents and 39.0 cents per share, respectively. Dividends paid to Raven shareholders for the three - and nine-month periods ended October 31, 2016 were $4,690 and $14,078 , or 13.0 cents and 39.0 cents per share, respectively. There were no declared and unpaid shareholder dividends at October 31, 2017 or 2016. Effective March 21, 2016 the Board of Directors (Board) authorized an extension and increase of the authorized $40,000 stock buyback program in place at that time. An additional $10,000 was authorized for share repurchases once the $40,000 authorization limit is reached. Pursuant to these authorizations, the Company repurchased 348,286 shares, or $10,000 , in the three- and nine-month periods ended October 31, 2017 . The Company repurchased 484,252 shares, or $7,702 , in the nine-month period ended October 31, 2016 . None of these shares were repurchased in the three-month period ended October 31, 2016 . There were no share repurchases unpaid at October 31, 2017 or October 31, 2016 . The remaining dollar value authorized for share repurchases at October 31, 2017 is $2,959

Share Based Compensation

Share Based Compensation	9 Months Ended
	Oct. 31, 2017
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, 2017 and October 31, 2016 . Stock Option Awards The Company granted 85,800 non-qualified stock options during the nine-month period ended October 31, 2017 . The Company granted 274,200 non-qualified stock options during the nine-month period ended October 31, 2016 . None of these options were granted in the three -month periods ended October 31, 2017 and October 31, 2016 , respectively. Options are granted with exercise prices based upon the closing market price of the Company's common stock on the day prior to 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, as well as termination without cause provisions for certain executive officers, which 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, 2017 October 31, 2016 Risk-free interest rate 1.68 % 1.05 % Expected dividend yield 1.78 % 3.33 % Expected volatility factor 33.87 % 32.61 % Expected option term (in years) 4.25 4.00 Weighted average grant date fair value $7.35 $3.05 Restricted Stock Unit Awards (RSUs) The Company granted 4,593 and 60,413 time-vested RSUs to employees in the three- and nine-month periods ended October 31, 2017 , respectively. The Company granted 4,577 and 70,947 time-vested RSUs to employees in the three- and nine-month periods ended October 31, 2016 , respectively. The grant date 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 periods ended October 31, 2017 and 2016, respectively, was $ 29.25 and $ 15.94 . 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, as well as termination without cause provisions for certain executive officers, which 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 periods ended October 31, 2017 and 2016, respectively. 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 2017 and 2016 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, as well as termination without cause provisions for certain executive officers, which 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, 2017 and 2016 , the Company granted 22,745 and 72,950 performance-based RSUs, respectively. None of these awards were granted in the three-month periods ended October 31, 2017 and 2016 . The weighted average grant date fair value per share of these performance-based RSUs granted in the periods ended October 31, 2017 and 2016 , respectively, was $29.20 and $15.61

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 31, 2017
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 technology, manufacturing processes, and end-use application. Raven's reportable segments are Applied Technology, Engineered Films, and Aerostar. The Company measures the performance of its segments based on their operating income excluding general and administrative 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. Separate financial information is available and regularly evaluated by the Company's chief operating decision-maker (CODM), the President and Chief Executive Officer, in making resource allocation decisions for the Company's reportable segments. 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, October 31, October 31, October 31, Net sales Applied Technology $ 25,319 $ 25,203 $ 94,233 $ 79,327 Engineered Films 65,108 38,551 157,691 104,307 Aerostar 11,103 9,003 30,078 25,313 Intersegment eliminations (a) (181 ) (235 ) (508 ) (467 ) Consolidated net sales $ 101,349 $ 72,522 $ 281,494 $ 208,480 Operating income (loss) (b) Applied Technology $ 5,357 $ 6,415 $ 25,447 $ 20,280 Engineered Films 17,115 7,129 35,386 17,666 Aerostar (c) 1,359 (1,375 ) 4,165 (1,804 ) Intersegment eliminations (12 ) (16 ) (3 ) (21 ) Total reportable segment income 23,819 12,153 64,995 36,121 General and administrative expenses (d) (5,990 ) (4,764 ) (17,247 ) (13,986 ) Consolidated operating income $ 17,829 $ 7,389 $ 47,748 $ 22,135 (a) Intersegment sales for both fiscal 2018 and 2017 were primarily sales from Engineered Films to Aerostar. (b) At the segment level, operating income (loss) does not include an allocation of general and administrative expenses. (c) The three- and nine-month periods ended October 31, 2016 include inventory write-downs of $2,278 as a result of a strategic decision to narrow certain radar product offerings. (d)

Subsequent Events (Notes)

Subsequent Events (Notes)	9 Months Ended
	Oct. 31, 2017
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS

Summary of Significant Accoun25

Summary of Significant Accounting Policies New Accounting Standards (Policies) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
New Accounting Standards [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]			Accounting Standards Adopted In the fiscal 2018 first quarter, the Company early adopted Accounting Standards Update (ASU) No. 2017-04 (issued by the Financial Accounting Standards Board (FASB) in January 2017), "Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment" (ASU 2017-04) on a prospective basis . This ASU removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Under the new guidance, a goodwill impairment will be measured as the amount by which a reporting unit’s carrying value exceeds its fair value. The amount of any impairment may not exceed the carrying amount of goodwill. The amendments should be applied on a prospective basis. As discussed in Note 7 Goodwill, Long-lived Assets, and Other Intangibles , management performed an assessment in the fiscal 2018 first, second and third quarters and determined no triggering events had occurred for any of its three reporting units; therefore, the early adoption of this guidance did not have any impact on the consolidated financial statements or the results of operations as of and for the three- or nine-month periods ended October 31, 2017. In the fiscal 2018 first quarter when it became effective, the Company adopted FASB ASU 2016-09 (issued in March 2016), "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" (ASU 2016-09). ASU 2016-09 amends the accounting for employee share-based payment transactions to require recognition of the tax effects resulting from the settlement of stock-based awards as discrete income tax expense or benefit in the income statement in the reporting period in which they occur. This guidance also requires that all tax-related cash flows resulting from share-based awards be disclosed as operating cash flows in the statement of cash flows and that cash paid to taxing authorities on the behalf of employees for withheld shares be classified as a financing activity in the statement of cash flows. Finally, this ASU allows companies to make an accounting policy election to either estimate the number of awards that are expected to vest, consistent with current GAAP, or account for forfeitures when they occur. The Company accounts for forfeitures as they occur. The Company is prospectively recognizing excess tax benefits or deficits on vesting or settlement of awards, when they occur, as a discrete income tax benefit or expense instead of as additional paid-in capital as required under previous guidance. This change to the Company's accounting policies resulted in recognition of income tax expense of $2 and $571 for the three- and nine-month periods ended October 31, 2017. These tax-related cash flows are now classified within operating activities. The Company classifies tax payments made to taxing authorities on the employee's behalf for withheld shares as a financing activity on the statement of cash flows, as such the adoption of this guidance had no impact. Under the new guidance, excess tax benefits are no longer included in assumed proceeds under the treasury stock method of calculating earnings per share. The increase in incremental shares used in the weighted average diluted shares calculation was not material to the Company's diluted earnings per share calculation. In the fiscal 2018 first quarter when it became effective, the Company adopted the FASB ASU No. 2015-11 (issued in July 2015), "Inventory (Topic 330) Simplifying the Measurement of Inventory" (ASU 2015-11) on a prospective basis. 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 price 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. Previously the Company reported its inventory at the lower of cost or market. Market was defined as replacement cost with a ceiling of net realizable value and a floor of net realizable value less a normal profit margin. The Company evaluates its inventory in all three reporting segments quarterly to determine if cost exceeds net realizable value and records a write-down, if necessary. The adoption of this guidance did not have any impact on the consolidated financial statements or the results of operations as of and for the three- and nine-month periods ended October 31, 2017.
Description of New Accounting Pronouncements Not yet Adopted [Text Block]			New Accounting Standards Not Yet Adopted In May 2017, the FASB issued ASU No. 2017-09, "Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting" (ASU 2017-09). The guidance amends the scope of modification accounting for share-based payment arrangements. The ASU provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under Topic 718. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions, and classification of the awards as equity instruments or a liability instruments are the same immediately before and after the modification to the award. The guidance is effective for annual periods, including interim periods, in fiscal years beginning after December 15, 2017. Early adoption is permitted and the amendments should be applied prospectively to an award modified on or after the adoption date. The Company currently has no plans to modify any of its outstanding awards. The Company will consider early adopting this guidance if modifications to its share-based compensation arrangements are likely to occur. The Company does not expect the adoption of this guidance will have a significant impact on its consolidated financial statements, results of operations, and disclosures. In March 2017, the FASB issued ASU No. 2017-07, "Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Postretirement Benefit Cost" (ASU 2017-07). The guidance clarifies where the cost components of the net benefit cost should be reported in the income statement and it allows only the service cost to be capitalized. Currently the Company reports all of the components of the net benefit cost in "Operating income" in the Consolidated Statement of Income and Comprehensive Income. The net benefit cost for participants that are active employees is reported in the same manner as each participant's compensation cost is classified in the Consolidated Statement of Income and Comprehensive Income. The net benefit cost attributable to retired (inactive) participants is reported in "Selling, general, and administrative expenses" in the Consolidated Statement of Income and Comprehensive Income. Under the new guidance only the service cost component of the net benefit cost will be classified the same as the participant's compensation cost. The other components of the net benefit cost are required to be reported separately as a non-operating income (expense). The guidance is effective for annual periods, including interim periods, in fiscal years beginning after December 15, 2017. Early adoption is permitted and the amendments should be applied retrospectively. The Company does not expect this guidance will have a significant impact on its consolidated financial statements, results of operations and disclosures since it primarily will only change how the net benefit cost is classified in the Company's Consolidated Statements of Income and Comprehensive Income. In February 2016 the FASB issued ASU No. 2016-02, "Leases (Topic 842)" (ASU 2016-02). The primary difference between previous GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. The guidance requires a lessee to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. When measuring assets and liabilities arising from a lease, a lessee (and a lessor) should include payments to be made in optional periods only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. Similarly, optional payments to purchase the underlying asset should be included in the measurement of lease assets and lease liabilities only if the lessee is reasonably certain to exercise that purchase option. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018. Lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that entities may elect to apply. An entity that elects to apply the practical expedients will, in effect, continue to account for leases that commence before the effective date in accordance with previous GAAP unless the lease is modified, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. The Company is evaluating the impact the adoption of this guidance will have on its consolidated financial statements, results of operations, and disclosures.
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income	$ 2	$ 0	$ 571	$ 0

Net Income per Share (Tables)

Net Income per Share (Tables)	9 Months Ended
	Oct. 31, 2017
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, October 31, October 31, October 31, Anti-dilutive options and restricted stock units 338,244 653,513 385,157 922,041
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, October 31, October 31, October 31, Numerator: Net income attributable to Raven Industries, Inc. $ 11,998 $ 5,741 $ 32,581 $ 15,753 Denominator: Weighted average common shares outstanding 35,829,880 36,076,259 36,002,024 36,164,468 Weighted average fully vested stock units outstanding 109,558 97,716 105,830 100,595 Denominator for basic calculation 35,939,438 36,173,975 36,107,854 36,265,063 Weighted average common shares outstanding 35,829,880 36,076,259 36,002,024 36,164,468 Weighted average fully vested stock units outstanding 109,558 97,716 105,830 100,595 Dilutive impact of stock options and restricted stock units 380,997 122,270 369,339 70,102 Denominator for diluted calculation 36,320,435 36,296,245 36,477,193 36,335,165 Net income per share ─ basic $ 0.33 $ 0.16 $ 0.90 $ 0.43 Net income per share ─ diluted $ 0.33 $ 0.16 $ 0.89 $ 0.43

Selected Balance Sheet Inform27

Selected Balance Sheet Information (Tables)	9 Months Ended
	Oct. 31, 2017
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, 2017 January 31, 2017 October 31, 2016 Accounts receivable, net: Trade accounts $ 60,621 $ 43,834 $ 40,257 Allowance for doubtful accounts (1,048 ) (691 ) (703 ) $ 59,573 $ 43,143 $ 39,554 Inventories: Finished goods $ 7,063 $ 5,438 $ 5,686 In process 1,035 2,288 2,325 Materials 45,383 34,610 34,802 $ 53,481 $ 42,336 $ 42,813 Other current assets: Insurance policy benefit $ 593 $ 802 $ 776 Income tax receivable 269 604 228 Receivable from sale of business 17 28 71 Prepaid expenses and other 3,031 1,255 1,672 $ 3,910 $ 2,689 $ 2,747 Property, plant and equipment, net: Land $ 3,234 $ 3,054 $ 3,054 Buildings and improvements 80,009 77,817 78,674 Machinery and equipment 147,723 142,471 142,946 Accumulated depreciation (125,315 ) (117,018 ) (115,726 ) $ 105,651 $ 106,324 $ 108,948 Other assets: Equity method investments $ 1,884 $ 2,371 $ 2,346 Deferred income taxes 18 18 65 Other 1,024 1,283 1,335 $ 2,926 $ 3,672 $ 3,746 Accrued liabilities: Salaries and related $ 6,464 $ 6,286 $ 3,931 Benefits 4,128 3,960 3,720 Insurance obligations 3,106 2,400 2,022 Warranties 1,217 1,547 1,852 Income taxes 1,668 498 332 Other taxes 1,446 1,540 1,230 Acquisition-related contingent consideration 815 445 396 Other 2,801 1,379 1,225 $ 21,645 $ 18,055 $ 14,708 Other liabilities: Postretirement benefits $ 8,110 $ 8,054 $ 7,714 Acquisition-related contingent consideration 2,016 1,397 1,385 Deferred income taxes 393 1,421 257 Uncertain tax positions 2,584 2,610 2,778 Other 353 214 — $ 13,456 $ 13,696 $ 12,134

Assets Held for Sale Assets Hel

Assets Held for Sale Assets Held for Sale (Tables)	9 Months Ended
	Oct. 31, 2017
Assets Held for Sale Disclosure [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	Amounts classified as held for sale are as follows: October 31, 2017 Assets held for sale Inventories $ 3,000 Other current assets 79 Total current assets held for sale 3,079 Property, plant and equipment, net 227 Goodwill 102 Amortizable intangible assets, net 358 Other assets 17 Total assets held for sale $ 3,783 Liabilities held for sale Current liabilities $ 392 Other long-term liabilities 127 Total liabilities held for sale $ 519

Goodwill, Long-lived Assets a29

Goodwill, Long-lived Assets and Other Intangibles (Tables)	9 Months Ended
	Oct. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill by reporting unit were as follows: Applied Technology Engineered Films Aerostar Total Balance at January 31, 2017 $ 12,342 $ 27,518 $ 789 $ 40,649 Additions due to business combinations — 5,941 — 5,941 Divestiture of business — — (52 ) (52 ) Foreign currency translation adjustment 214 — — 214 Balance at October 31, 2017 $ 12,556 $ 33,459 $ 737 $ 46,752 Balance at January 31, 2016 $ 12,365 $ 27,518 $ 789 $ 40,672 Foreign currency translation adjustment 31 — — 31 Balance at October 31, 2016 $ 12,396 $ 27,518 $ 789 $ 40,703
Schedule of Finite-Lived Intangible Assets [Table Text Block]	The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets: October 31, 2017 January 31, 2017 October 31, 2016 Accumulated Accumulated Accumulated Amount amortization Net Amount amortization Net Amount amortization Net Existing technology $ 7,218 $ (6,854 ) $ 364 $ 7,136 $ (6,553 ) $ 583 $ 7,157 $ (6,490 ) $ 667 Customer relationships 13,220 (4,503 ) 8,717 12,987 (3,680 ) 9,307 13,000 (3,421 ) 9,579 Patents and other intangibles 4,708 (2,414 ) 2,294 4,378 (2,220 ) 2,158 4,427 (2,162 ) 2,265 Total $ 25,146 $ (13,771 ) $ 11,375 $ 24,501 $ (12,453 ) $ 12,048 $ 24,584 $ (12,073 ) $ 12,511

Employee Postretirement Benef30

Employee Postretirement Benefits Employee Postretirement Benefits (Tables)	9 Months Ended
	Oct. 31, 2017
Retirement Benefits [Abstract]
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 $ 21 $ 20 $ 64 $ 60 Interest cost 83 83 247 249 Amortization of actuarial losses 30 36 90 110 Amortization of unrecognized gains in prior service cost (40 ) (40 ) (120 ) (120 ) Net periodic benefit cost $ 94 $ 99 $ 281 $ 299

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Oct. 31, 2017
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 $ 2,265 $ 2,076 $ 1,547 $ 1,835 Change in provision (274 ) 202 1,504 1,288 Settlements made (774 ) (426 ) (1,834 ) (1,271 ) Ending balance $ 1,217 $ 1,852 $ 1,217 $ 1,852

Share Based Compensation (Table

Share Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2017
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, 2017 October 31, 2016 Risk-free interest rate 1.68 % 1.05 % Expected dividend yield 1.78 % 3.33 % Expected volatility factor 33.87 % 32.61 % Expected option term (in years) 4.25 4.00 Weighted average grant date fair value $7.35 $3.05

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 31, 2017
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, October 31, October 31, October 31, Net sales Applied Technology $ 25,319 $ 25,203 $ 94,233 $ 79,327 Engineered Films 65,108 38,551 157,691 104,307 Aerostar 11,103 9,003 30,078 25,313 Intersegment eliminations (a) (181 ) (235 ) (508 ) (467 ) Consolidated net sales $ 101,349 $ 72,522 $ 281,494 $ 208,480 Operating income (loss) (b) Applied Technology $ 5,357 $ 6,415 $ 25,447 $ 20,280 Engineered Films 17,115 7,129 35,386 17,666 Aerostar (c) 1,359 (1,375 ) 4,165 (1,804 ) Intersegment eliminations (12 ) (16 ) (3 ) (21 ) Total reportable segment income 23,819 12,153 64,995 36,121 General and administrative expenses (d) (5,990 ) (4,764 ) (17,247 ) (13,986 ) Consolidated operating income $ 17,829 $ 7,389 $ 47,748 $ 22,135 (a) Intersegment sales for both fiscal 2018 and 2017 were primarily sales from Engineered Films to Aerostar. (b) At the segment level, operating income (loss) does not include an allocation of general and administrative expenses. (c) The three- and nine-month periods ended October 31, 2016 include inventory write-downs of $2,278 as a result of a strategic decision to narrow certain radar product offerings. (d)

Basis of Presentation and Pri34

Basis of Presentation and Principles of Consolidation (Details)	9 Months Ended
	Oct. 31, 2017segment
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%

Net Income per Share (Antidilut

Net Income per Share (Antidiluted Securities Excluded from Computation) (Details) - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in options and restricted units)	338,244	653,513	385,157	922,041

Net Income per Share (Schedule

Net 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, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Numerator:
Net income attributable to Raven Industries, Inc.	$ 11,998	$ 5,741	$ 32,581	$ 15,753
Denominator:
Weighted average common shares outstanding (in shares)	35,829,880	36,076,259	36,002,024	36,164,468
Weighted average fully vested stock units outstanding (in shares)	109,558	97,716	105,830	100,595
Denominator for basic calculation (in shares)	35,939,438	36,173,975	36,107,854	36,265,063
Weighted average common shares outstanding (in shares)	35,829,880	36,076,259	36,002,024	36,164,468
Weighted average fully vested stock units outstanding (in shares)	109,558	97,716	105,830	100,595
Dilutive impact of stock options and restricted units (in shares)	380,997	122,270	369,339	70,102
Denominator for diluted calculation (in shares)	36,320,435	36,296,245	36,477,193	36,335,165
Net income per share - basic (in dollars per share)	$ 0.33	$ 0.16	$ 0.90	$ 0.43
Net income per share - diluted (in dollars per share)	$ 0.33	$ 0.16	$ 0.89	$ 0.43

Selected Balance Sheet Inform37

Selected Balance Sheet Information (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Jul. 31, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Jan. 31, 2016
Accounts receivable, net:
Trade accounts	$ 60,621		$ 43,834	$ 40,257
Allowance for doubtful accounts	(1,048)		(691)	(703)
Accounts receivable, net	59,573		43,143	39,554
Inventories:
Finished goods	7,063		5,438	5,686
In process	1,035		2,288	2,325
Materials	45,383		34,610	34,802
Inventories	53,481		42,336	42,813
Other current assets:
Insurance policy benefit	593		802	776
Income tax receivable	269		604	228
Receivable from sale of business	17		28	71
Prepaid Expense and other	3,031		1,255	1,672
Other current assets	3,910		2,689	2,747
Property, plant and equipment, net:
Accumulated depreciation	(125,315)		(117,018)	(115,726)
Property, plant and equipment, net	105,651		106,324	108,948
Other Assets (Noncurrent):
Equity investments	1,884		2,371	2,346
Deferred Tax Assets, Net, Noncurrent	18		18	65
Other	1,024		1,283	1,335
Other assets	2,926		3,672	3,746
Accrued liabilities:
Salaries and related	6,464		6,286	3,931
Benefits	4,128		3,960	3,720
Insurance obligations	3,106		2,400	2,022
Warranties	1,217	$ 2,265	1,547	1,852	$ 2,076	$ 1,835
Income Taxes	1,668		498	332
Other taxes	1,446		1,540	1,230
Acquisition-related contingent consideration liability, current	815		445	396
Other	2,801		1,379	1,225
Accrued liabilities	21,645		18,055	14,708
Other liabilities:
Postretirement benefits	8,110		8,054	7,714
Acquisition-related contingent consideration liability, long-term	2,016		1,397	1,385
Deferred income taxes	393		1,421	257
Uncertain tax positions	2,584		2,610	2,778
Liabilities, Noncurrent	353		214	0
Other liabilities	13,456		13,696	12,134
Land [Member]
Property, plant and equipment, net:
Property, plant and equipment	3,234		3,054	3,054
Building and Building Improvements [Member]
Property, plant and equipment, net:
Property, plant and equipment	80,009		77,817	78,674
Machinery and Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment	$ 147,723		$ 142,471	$ 142,946

Assets Held for Sale Assets H38

Assets Held for Sale Assets Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Long Lived Assets Held-for-sale [Line Items]
Long-lived asset impairment loss	$ 0	$ 87	$ 259	$ 87
Inventories	53,481	42,813	53,481	42,813	$ 42,336
Other current assets	3,910	2,747	3,910	2,747	2,689
Total current assets	153,837	131,427	153,837	131,427	138,816
Property, plant and equipment, net	105,651	108,948	105,651	108,948	106,324
Goodwill	46,752	40,703	46,752	40,703	40,649	$ 40,672
Amortizable intangible assets, net	11,375	12,511	11,375	12,511	12,048
Other assets	2,926	3,746	2,926	3,746	3,672
Total assets held for sale	320,541	297,335	320,541	297,335	301,509
Current liabilities	35,936	25,239	35,936	25,239	28,382
Other long-term liabilities	13,456	12,134	13,456	12,134	13,696
Aerostar [Member]
Long Lived Assets Held-for-sale [Line Items]
Goodwill	737	$ 789	737	$ 789	$ 789	$ 789
Aerostar [Member] | Client private and radar product assets [Member]
Long Lived Assets Held-for-sale [Line Items]
Inventories	3,000		3,000
Other current assets	79		79
Total current assets	3,079		3,079
Property, plant and equipment, net	227		227
Goodwill	102		102
Amortizable intangible assets, net	358		358
Other assets	17		17
Total assets held for sale	3,783		3,783
Current liabilities	392		392
Other long-term liabilities	127		127
Total liabilities held for sale	519		519
Operating Income (Loss) [Member] | Aerostar [Member] | Client private and radar product assets [Member]
Long Lived Assets Held-for-sale [Line Items]
Long-lived asset impairment loss	$ 0		$ 0

Acquisitions of and Investmen39

Acquisitions of and Investments in Businesses and Technologies Business Combinations (Details) - USD ($) $ in Thousands	Sep. 01, 2017	Oct. 31, 2017	Jan. 31, 2017	Oct. 31, 2016	Jan. 31, 2016
Business Combination, Description [Abstract]
Goodwill		$ 46,752	$ 40,649	$ 40,703	$ 40,672
Engineered Films [Member]
Business Combination, Description [Abstract]
Goodwill		$ 33,459	27,518	27,518	27,518
Engineered Films [Member] | CLI [Member]
Business Combination, Description [Abstract]
Business Acquisition, Effective Date of Acquisition Agreement		Sep. 1, 2017
Business Acquisition, Name of Acquired Entity		Colorado Lining International, Inc.
Business Combination, Consideration Transferred	$ 15,088
Fair Value of Business Acquisition Contingent Consideration - at acquisition	1,256
Goodwill	5,941
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 610
Applied Technology [Member]
Business Combination, Description [Abstract]
Goodwill		$ 12,556	$ 12,342	12,396	$ 12,365
Applied Technology [Member] | AgEagle Aerial Systems [Member]
Variable Interest Entity Disclosure [Abstract]
Variable Interest Entity, acquisition date equity method investment		2/29/2016
Variable Interest Entity, name of investee equity method investment		AgEagle Aerial Systems, Inc.
Equity Method Investment, Ownership Percentage		5.00%
Other Commitment		$ 0		0
Guarantor Obligations, Maximum Exposure, Undiscounted		$ 0		$ 0

Acquisitions of and Investmen40

Acquisitions of and Investments in Businesses and Technologies Acquisition-related Contingent Consideration (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Acquisition-related contingent consideration [Roll Forward]
Acquisition-related contingent consideration, Beginning Balance	$ 1,567	$ 1,901	$ 1,741	$ 2,059
Fair Value Contingent Consideration Acquisition of a Business	1,256	0	1,256	0
Change in fair value of acquisition-related contingent consideration	52	(165)	198	(41)
Payments of acquisition-related contingent liability	(44)	(36)	(364)	(318)
Acquisition-related contingent consideration, Ending Balance	2,831	1,700	2,831	1,700
Acquisition-related contingent consideration liability, current					$ 815	$ 315
Acquisition-related contingent consideration liability, Noncurrent					2,016	1,385
Business Combination, Contingent Consideration, Liability	$ 1,567	$ 1,901	$ 1,741	$ 2,059	2,831	$ 1,700
Applied Technology [Member] | SBG Innovatiie and affiliate [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]
Business Acquisition, Date of Acquisition Agreement			May 1, 2014
Contingent Consideration Term in Years			10 years
Contingent consideration, potential cash payment					2,500
Business acquisition contingent consideration cumulative paid			$ 847
Aerostar [Member] | Vista Research [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]
Business Acquisition, Date of Acquisition Agreement			Jan. 6, 2012
Contingent Consideration Term in Years			7 years
Contingent consideration, potential cash payment					15,000
Business acquisition contingent consideration cumulative paid			$ 1,572
Engineered Films [Member] | CLI [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]
Business Acquisition, Effective Date of Acquisition Agreement			Sep. 1, 2017
Contingent Consideration Term in Years			3 years
Contingent consideration, potential cash payment					$ 2,000
Business acquisition contingent consideration cumulative paid			$ 0

Goodwill, Long-lived Assets a41

Goodwill, Long-lived Assets and Other Intangibles Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Goodwill [Line Items]
Goodwill impairment loss	$ 0	$ 0	$ 0	$ 0
Long-lived asset impairment loss	0	87	259	87
Goodwill [Roll Forward]
Goodwill Beginning balance			40,649	40,672
Goodwill, Acquired During Period			5,941
Goodwill, Written off Related to Sale of Business Unit			(52)
Goodwill, Foreign Currency Translation Gain (Loss)			214	31
Goodwill Ending balance	46,752	40,703	46,752	40,703
Applied Technology [Member]
Goodwill [Roll Forward]
Goodwill Beginning balance			12,342	12,365
Goodwill, Acquired During Period			0
Goodwill, Written off Related to Sale of Business Unit			0
Goodwill, Foreign Currency Translation Gain (Loss)			214	31
Goodwill Ending balance	12,556	12,396	12,556	12,396
Engineered Films [Member]
Goodwill [Roll Forward]
Goodwill Beginning balance			27,518	27,518
Goodwill, Acquired During Period			5,941
Goodwill, Written off Related to Sale of Business Unit			0
Goodwill, Foreign Currency Translation Gain (Loss)			0	0
Goodwill Ending balance	33,459	27,518	33,459	27,518
Aerostar [Member]
Goodwill [Line Items]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount		$ 9,000		$ 9,000
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount		30.00%		30.00%
Goodwill [Roll Forward]
Goodwill Beginning balance			789	$ 789
Goodwill, Acquired During Period			0
Goodwill, Written off Related to Sale of Business Unit			(52)
Goodwill, Foreign Currency Translation Gain (Loss)			0	0
Goodwill Ending balance	$ 737	$ 789	$ 737	$ 789

Goodwill, Long-lived Assets a42

Goodwill, Long-lived Assets and Other Intangibles Long-lived Assets and Other Intangibles (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016	Jan. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss	$ 0	$ 87,000	$ 259,000	$ 87,000
Finite-Lived Intangible Assets, Gross	25,146,000	24,584,000	25,146,000	24,584,000	$ 24,501,000
Finite-Lived Intangible Assets, Accumulated Amortization	(13,771,000)	(12,073,000)	(13,771,000)	(12,073,000)	(12,453,000)
Finite-Lived Intangible Assets, Net	11,375,000	12,511,000	11,375,000	12,511,000	12,048,000
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	7,218,000	7,157,000	7,218,000	7,157,000	7,136,000
Finite-Lived Intangible Assets, Accumulated Amortization	(6,854,000)	(6,490,000)	(6,854,000)	(6,490,000)	(6,553,000)
Finite-Lived Intangible Assets, Net	364,000	667,000	364,000	667,000	583,000
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	13,220,000	13,000,000	13,220,000	13,000,000	12,987,000
Finite-Lived Intangible Assets, Accumulated Amortization	(4,503,000)	(3,421,000)	(4,503,000)	(3,421,000)	(3,680,000)
Finite-Lived Intangible Assets, Net	8,717,000	9,579,000	8,717,000	9,579,000	9,307,000
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	4,708,000	4,427,000	4,708,000	4,427,000	4,378,000
Finite-Lived Intangible Assets, Accumulated Amortization	(2,414,000)	(2,162,000)	(2,414,000)	(2,162,000)	(2,220,000)
Finite-Lived Intangible Assets, Net	2,294,000	2,265,000	2,294,000	2,265,000	$ 2,158,000
Aerostar [Member]
Finite-Lived Intangible Assets [Line Items]
Inventory Write-down		2,278,000		2,278,000
Aerostar [Member] | Cost of Sales [Member]
Finite-Lived Intangible Assets [Line Items]
Inventory Write-down	0	2,278,000	0	2,278,000
Aerostar [Member] | Lighter-than-air [Member]
Finite-Lived Intangible Assets [Line Items]
long-lived asset fair value in excess of carrying value		$ 110,000,000		$ 110,000,000
Asset Group, Percentage of Fair Value in Exess of Carrying Amount		800.00%		800.00%
Aerostar [Member] | Radar assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure		$ 175,000		$ 175,000
Finite-Lived Intangible Assets, Net		262,000		262,000
Aerostar [Member] | Radar assets [Member] | Operating Income (Loss) [Member]
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss		87,000		87,000
Aerostar [Member] | Radar assets [Member] | Property, Plant and Equipment [Member]
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss		62,000		62,000
Aerostar [Member] | Radar assets [Member] | Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss		25,000		25,000
AgEagle Aerial Systems [Member] | Applied Technology [Member] | Other Nonoperating Income (Expense) [Member]
Finite-Lived Intangible Assets [Line Items]
Equity Method Investment, Other than Temporary Impairment	0	0	72,000	0
AgEagle Aerial Systems [Member] | Applied Technology [Member] | Customer-Related Intangible Assets [Member] | Operating Income (Loss) [Member]
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss	$ 0	$ 0	$ 259,000	$ 0

Employee Postretirement Benef43

Employee Postretirement Benefits Employee Postretirement Benefits (Details) - Other Postretirement Benefit Plans, Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 21	$ 20	$ 64	$ 60
Interest cost	83	83	247	249
Amortization of actuarial losses	30	36	90	110
Amortization of unrecognized prior service cost (Credit)	(40)	(40)	(120)	(120)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 94	$ 99	$ 281	$ 299

Warranties (Details)

Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Product Warranty Accrual [Roll Forward]
Beginning balance	$ 2,265	$ 2,076	$ 1,547	$ 1,835
Change in warranty provision	(274)	202	1,504	1,288
Settlements made	(774)	(426)	(1,834)	(1,271)
Ending balance	$ 1,217	$ 1,852	$ 1,217	$ 1,852

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2017	Jan. 31, 2017	Oct. 31, 2016	Apr. 15, 2015
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	$ 1,103	$ 514	$ 514
Debt Instrument, Covenant Compliance		The Company requested and received the necessary covenant waivers relating to its late filing of financial information in fiscal 2017.
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
Unamortized Debt Issuance Expense	$ 270	$ 352	379
Borrowing outstanding under line of credit	0	$ 0	$ 0
Remaining borrowing capacity under the line of credit	$ 123,947

Income Tax (Details)

Income Tax (Details)	9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Income Tax Contingency [Line Items]
Effective Income Tax Rate Reconciliation, Percent	31.30%	26.90%

Dividends and Treasury Stock (D

Dividends and Treasury Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016	Mar. 21, 2016	Jan. 31, 2016
Stockholders' Equity Note [Abstract]
Dividends paid	$ 4,648	$ 4,690	$ 14,032	$ 14,078
Cash dividends paid per common share (in dollars per share)	$ 0.13	$ 0.13	$ 0.39	$ 0.39
Dividends Payable	$ 0	$ 0	$ 0	$ 0
Stock Repurchase Program, Authorized Amount	$ 50,000	$ 50,000	$ 50,000	$ 50,000		$ 40,000
Stock repurchase program, additional amount authorized					$ 10,000
Shares repurchased, Treasury Stock	348,286	0	348,286	484,252
Payments for Repurchase of Common Stock	$ 10,000	$ 0	$ 10,000	$ 7,702
Unpaid repurchases of common stock		$ 0		$ 0
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 2,959		$ 2,959

Share Based Compensation (Detai

Share Based Compensation (Details) - 2010 Stock Incentive Plan [Member] - $ / shares	3 Months Ended		9 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	0	0	85,800	274,200
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)	4,593	4,577	60,413	70,947
Weighted average grant date fair value (in dollars per share)			$ 29.25	$ 15.94
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	22,745	72,950
Weighted average grant date fair value (in dollars per share)			$ 29.20	$ 15.61
Perfromance shares target award			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, 2017	Oct. 31, 2016
Share-based Compensation [Abstract]
Risk-free interest rate	1.68%	1.05%
Expected dividend yield	1.78%	3.33%
Expected volatility factor	33.87%	32.61%
Expected option term (in years)	4 years 3 months	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 7.35	$ 3.05

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Oct. 31, 2017	Oct. 31, 2016		Oct. 31, 2017	Oct. 31, 2016
Segment Reporting Information [Line Items]
Net sales		$ 101,349	$ 72,522		$ 281,494	$ 208,480
Operating income		17,829	7,389		47,748	22,135
Administrative and general expenses	[1]	(5,990)	(4,764)		(17,247)	(13,986)
Applied Technology [Member]
Segment Reporting Information [Line Items]
Net sales		25,319	25,203		94,233	79,327
Operating income	[2]	5,357	6,415		25,447	20,280
Engineered Films [Member]
Segment Reporting Information [Line Items]
Net sales		65,108	38,551		157,691	104,307
Operating income	[2]	17,115	7,129		35,386	17,666
Aerostar [Member]
Segment Reporting Information [Line Items]
Inventory Write-down			2,278			2,278
Net sales		11,103	9,003		30,078	25,313
Operating income	[2]	1,359	(1,375)	[3]	4,165	(1,804)	[3]
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	[4]	(181)	(235)		(508)	(467)
Operating income	[4]	(12)	(16)		(3)	(21)
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Operating income		$ 23,819	$ 12,153		$ 64,995	$ 36,121
[1]	(d) At the segment level, operating income (loss) does not include an allocation of general and administrative expenses and, as a result, "General and administrative expenses" are reported as a deduction from "Total reportable segment income" to reconcile to "Operating income" reported in the Consolidated Statements of Income and Comprehensive Income.
[2]	(b) At the segment level, operating income (loss) does not include an allocation of general and administrative expenses.
[3]	(c) The three- and nine-month periods ended October 31, 2016 include inventory write-downs of $2,278
[4]	(a)