Raven Industries (RAVN) 10-Q 28 May 20 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2020	May 22, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2020
Document Transition Report	false
Entity File Number	001-07982
Entity Registrant Name	RAVEN INDUSTRIES, INC.
Entity Central Index Key	0000082166
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Incorporation, State or Country Code	SD
Entity Tax Identification Number	46-0246171
Entity Address, Address Line One	205 East 6th Street, P.O. Box 5107
Entity Address, City or Town	Sioux Falls
Entity Address, State or Province	SD
Entity Address, Postal Zip Code	57117-5107
City Area Code	605
Local Phone Number	336-2750
Title of 12(g) Security	Common Stock, $1 par value
Trading Symbol	RAVN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		35,834,674
Entity Shell Company	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020	Apr. 30, 2019
Current assets
Cash and cash equivalents	$ 72,581	$ 20,707
Accounts receivable, net	60,336	62,552
Inventories, net	57,101	53,899
Other current assets	6,268	5,436
Total current assets	196,286	142,594
Property, plant and equipment, net	102,061	100,850
Goodwill	104,608	106,509
Intangible assets, net	43,826	46,217
Other assets	11,552	7,087
TOTAL ASSETS	458,333	403,257
Current liabilities
Accounts payable	20,392	14,893
Accrued liabilities	20,836	20,743
Redeemable noncontrolling interest payable	17,172	0
Other current liabilities	3,206	2,287
Total current liabilities	61,606	37,923
Long-term debt	50,364	225
Other liabilities	33,939	29,161
Liabilities, Total	145,909	67,309
Commitments and contingencies (see Note 11)
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	0	21,302
Shareholders' equity
Common stock, $1 par value, authorized shares 100,000; issued 67,500 and 67,436, respectively	67,500	67,436
Paid-in capital	62,505	61,508
Retained earnings	301,599	302,300
Accumulated other comprehensive income (loss)	(7,997)	(5,415)
Treasury stock at cost, 31,665 and 31,665 shares, respectively	(111,183)	(111,183)
Total Raven Industries, Inc. shareholders' equity	312,424	314,646
Noncontrolling interest	0	0
Total shareholders' equity	312,424	314,646	$ 312,683
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 458,333	$ 403,257

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) (Unaudited) - $ / shares	Apr. 30, 2020	Jan. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	67,500,000	67,436,000
Treasury Stock, Common, Shares	31,665,000	31,665,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Income Statement [Abstract]
Net sales	$ 86,496	$ 98,178
Cost of sales	58,029	63,112
Gross profit	28,467	35,066
Research and development expenses	10,505	7,271
Selling, general, and administrative expenses	14,023	12,674
Operating income	3,939	15,121
Other income (expense), net	(468)	(69)
Income before income taxes	3,471	15,052
Income tax expense (benefit)	(478)	1,842
Net income	3,949	13,210
Net income (loss) attributable to redeemable noncontrolling interest and noncontrolling interest	(98)	0
Net income attributable to Raven Industries, Inc.	$ 4,047	$ 13,210
Net income per common share:
Basic (in dollars per share)	$ 0.11	$ 0.37
Diluted (in dollars per share)	$ 0.11	$ 0.36
Comprehensive income (loss):
Net income	$ 3,949	$ 13,210
Other comprehensive income (loss):
Foreign currency translation	(2,579)	(304)
Postretirement benefits, net of income tax benefit of $1 and $4, respectively	(3)	(12)
Other comprehensive income (loss), net of tax	(2,582)	(316)
Comprehensive income (loss)	1,367	12,894
Comprehensive income (loss) attributable to redeemable noncontrolling interest and noncontrolling interest	(98)	0
Comprehensive income (loss) attributable to Raven Industries, Inc.	1,465	12,894
Other comprehensive income, postretirement benefits, income tax (expense) benefit	$ 1	$ 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]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Raven Industries, Inc. Equity [Member]	Non-controlling Interest [Member]	redeemable noncontrolling interest [Member]
Balance at beginning of period at Jan. 31, 2019	$ 308,957	$ 67,289	$ 59,655	$ (100,402)	$ (3,556)	$ 285,969	$ 308,955	$ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,210					13,210	13,210	0
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	(304)				(304)		(304)
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(12)				(12)		(12)
Cash dividends	(4,682)		47			(4,729)	(4,682)
Shares issued on stock options exercised, net of shares withheld for employee taxes	(667)	26	(693)				(667)
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(2,320)	102	(2,422)				(2,320)
Stock Repurchased and Retired During Period, Value	(2,281)			(2,281)			(2,281)
Share-based compensation	782		782				782
Balance at end of period at Apr. 30, 2019	$ 312,683	67,417	57,369	(102,683)	(3,872)	294,450	312,681	2
Other comprehensive income (loss):
Common Stock, Dividends, Per Share, Declared	$ 0.13
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 4
Temporary Equity, Carrying Amount, Beginning Balance at Jan. 31, 2019									$ 0
Increase (Decrease) in Temporary Equity [Roll Forward]
Net Income									0
Temporary Equity, Carrying Amount, Ending Balance at Apr. 30, 2019									0
Balance at beginning of period at Jan. 31, 2020	314,646	67,436	61,508	(111,183)	(5,415)	302,300	314,646	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,949
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	4,047					4,047	4,047	0
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	(2,579)				(2,579)		(2,579)
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(3)				(3)		(3)
Reclassification and Redeption of Noncontrolling Interest (see Note 6)	215		215				215
Cash dividends	(4,658)		90			(4,748)	(4,658)
Shares issued on stock options exercised, net of shares withheld for employee taxes	(113)	11	(124)				(113)
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(627)	53	(680)				(627)
Share-based compensation	1,496		1,496				1,496
Balance at end of period at Apr. 30, 2020	$ 312,424	$ 67,500	$ 62,505	$ (111,183)	$ (7,997)	$ 301,599	$ 312,424	$ 0
Other comprehensive income (loss):
Common Stock, Dividends, Per Share, Declared	$ 0.13
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 1
Temporary Equity, Carrying Amount, Beginning Balance at Jan. 31, 2020									21,302
Increase (Decrease) in Temporary Equity [Roll Forward]
Net Income									(98)
Recalassification and Redemption of Noncontrolling Interest (see Note 6)									(21,204)
Temporary Equity, Carrying Amount, Ending Balance at Apr. 30, 2020									$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
OPERATING ACTIVITIES:
Net income	$ 3,949	$ 13,210
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,176	4,082
Change in fair value of acquisition-related contingent consideration	(55)	94
Deferred income taxes	(1,060)	1,511
Share-based compensation expense	1,496	782
Other operating activities, net	(159)	32
Change in operating assets and liabilities:
Accounts receivable	937	(13,510)
Inventories	(4,008)	(4,092)
Other assets	(715)	1,373
Operating liabilities	7,290	5,280
Net cash provided by operating activities	11,851	8,762
INVESTING ACTIVITIES:
Capital expenditures	(4,434)	(1,570)
Purchases of investments	(98)	(843)
Proceeds from sale of assets	251	0
Other investing activities	(9)	(28)
Net cash used in investing activities	(4,290)	(2,441)
FINANCING ACTIVITIES:
Dividends paid	(4,658)	(4,682)
Payments for common shares repurchased	0	(2,281)
Payment of acquisition-related contingent liabilities	0	(620)
Proceeds from debt	50,150	0
Restricted stock units vested and issued	(627)	(2,320)
Employee stock options exercises	(113)	(667)
Other financing activities	(104)	(95)
Net cash provided by (used in) financing activities	44,648	(10,665)
Effect of Exchange Rate on Cash and Cash Equivalents	(335)	(73)
Net Increase (decrease) in Cash and Cash Equivalents	51,874	(4,417)
Cash and Cash Equivalents, Beginning Balance	20,707	65,787
Cash and Cash Equivalents, Ending Balance	$ 72,581	$ 61,370

Balance Sheet Information

Balance Sheet Information	3 Months Ended
	Apr. 30, 2020
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: April 30, 2020 January 31, 2020 Accounts receivable, net: Trade accounts $ 59,459 $ 56,978 Unbilled receivables 2,739 6,954 Allowance for doubtful accounts (1,862) (1,380) $ 60,336 $ 62,552 Inventories: Finished goods $ 9,266 $ 6,309 In process 1,491 3,287 Materials 46,344 44,303 $ 57,101 $ 53,899 Other current assets: Insurance policy benefit $ 38 $ 38 Income tax receivable 1,560 1,370 Prepaid expenses and other 4,670 4,028 $ 6,268 $ 5,436 Property, plant and equipment, net: (a) Land $ 3,117 $ 3,117 Buildings and improvements 81,114 80,330 Machinery and equipment 162,160 158,354 Financing lease right-of-use assets 866 881 Accumulated depreciation (145,196) (141,832) $ 102,061 $ 100,850 Other assets: Equity investments $ 1,325 $ 1,289 Operating lease right-of-use assets 8,022 4,275 Deferred income taxes 112 16 Other 2,093 1,507 $ 11,552 $ 7,087 Accrued liabilities: Salaries and related $ 4,178 $ 4,188 Benefits 6,190 5,339 Insurance obligations 1,763 1,680 Warranties 1,606 2,019 Income taxes 1,049 293 Other taxes 1,563 1,734 Acquisition-related contingent consideration 580 763 Lease liability 2,117 2,530 Other 1,790 2,197 $ 20,836 $ 20,743 Other liabilities: Postretirement benefits $ 8,739 $ 8,741 Acquisition-related contingent consideration 2,198 2,171 Lease liability 6,404 2,627 Deferred income taxes 5,213 7,080 Uncertain tax positions 2,627 2,606 Other 8,758 5,936 $ 33,939 $ 29,161 (a) Includes assets held for use and assets held for sale. The amount of assets held for sale at April 30, 2020, and January 31, 2020, were not material.

Net Income per Share

Net Income per Share	3 Months Ended
	Apr. 30, 2020
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. 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 calculation were as follows: Three Months Ended April 30, April 30, Anti-dilutive options and restricted stock units 321,454 29,796 The computation of earnings per share is presented below: Three Months Ended April 30, April 30, Numerator: Net income attributable to Raven Industries, Inc. $ 4,047 $ 13,210 Denominator: Weighted average common shares outstanding 35,797,939 35,962,066 Weighted average fully vested stock units outstanding 129,672 105,341 Denominator for basic calculation 35,927,611 36,067,407 Weighted average common shares outstanding 35,797,939 35,962,066 Weighted average fully vested stock units outstanding 129,672 105,341 Dilutive impact of stock options and restricted stock units 138,613 325,831 Denominator for diluted calculation 36,066,224 36,393,238 Net income per share ─ basic $ 0.11 $ 0.37 Net income per share ─ diluted $ 0.11 $ 0.36

Balance Sheet

Balance Sheet	3 Months Ended
	Apr. 30, 2020
Selected Balance Sheet Information [Abstract]
Components of selected balance sheet items	Following are the components of selected items from the Consolidated Balance Sheets: April 30, 2020 January 31, 2020 Accounts receivable, net: Trade accounts $ 59,459 $ 56,978 Unbilled receivables 2,739 6,954 Allowance for doubtful accounts (1,862) (1,380) $ 60,336 $ 62,552 Inventories: Finished goods $ 9,266 $ 6,309 In process 1,491 3,287 Materials 46,344 44,303 $ 57,101 $ 53,899 Other current assets: Insurance policy benefit $ 38 $ 38 Income tax receivable 1,560 1,370 Prepaid expenses and other 4,670 4,028 $ 6,268 $ 5,436 Property, plant and equipment, net: (a) Land $ 3,117 $ 3,117 Buildings and improvements 81,114 80,330 Machinery and equipment 162,160 158,354 Financing lease right-of-use assets 866 881 Accumulated depreciation (145,196) (141,832) $ 102,061 $ 100,850 Other assets: Equity investments $ 1,325 $ 1,289 Operating lease right-of-use assets 8,022 4,275 Deferred income taxes 112 16 Other 2,093 1,507 $ 11,552 $ 7,087 Accrued liabilities: Salaries and related $ 4,178 $ 4,188 Benefits 6,190 5,339 Insurance obligations 1,763 1,680 Warranties 1,606 2,019 Income taxes 1,049 293 Other taxes 1,563 1,734 Acquisition-related contingent consideration 580 763 Lease liability 2,117 2,530 Other 1,790 2,197 $ 20,836 $ 20,743 Other liabilities: Postretirement benefits $ 8,739 $ 8,741 Acquisition-related contingent consideration 2,198 2,171 Lease liability 6,404 2,627 Deferred income taxes 5,213 7,080 Uncertain tax positions 2,627 2,606 Other 8,758 5,936 $ 33,939 $ 29,161 (a) Includes assets held for use and assets held for sale. The amount of assets held for sale at April 30, 2020, and January 31, 2020, were not material.

Tables

Tables	3 Months Ended
	Apr. 30, 2020
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 calculation were as follows: Three Months Ended April 30, April 30, Anti-dilutive options and restricted stock units 321,454 29,796
Schedule of calculation of numerator and denominator in earnings per share	The computation of earnings per share is presented below: Three Months Ended April 30, April 30, Numerator: Net income attributable to Raven Industries, Inc. $ 4,047 $ 13,210 Denominator: Weighted average common shares outstanding 35,797,939 35,962,066 Weighted average fully vested stock units outstanding 129,672 105,341 Denominator for basic calculation 35,927,611 36,067,407 Weighted average common shares outstanding 35,797,939 35,962,066 Weighted average fully vested stock units outstanding 129,672 105,341 Dilutive impact of stock options and restricted stock units 138,613 325,831 Denominator for diluted calculation 36,066,224 36,393,238 Net income per share ─ basic $ 0.11 $ 0.37 Net income per share ─ diluted $ 0.11 $ 0.36

Selected Balance Sheet Informat

Selected Balance Sheet Information - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Accounts receivable, net:
Trade accounts	$ 59,459	$ 56,978
Unbilled receivables	2,739	6,954
Allowance for doubtful accounts	(1,862)	(1,380)
Accounts receivable, net	60,336	62,552
Inventories:
Finished goods	9,266	6,309
In process	1,491	3,287
Materials	46,344	44,303
Inventories	57,101	53,899
Other current assets:
Insurance policy benefit	38	38
Income tax receivable	1,560	1,370
Prepaid Expense and other	4,670	4,028
Other current assets	6,268	5,436
Property, plant and equipment, net:
Property, plant and equipment, net	102,061	100,850
Other Assets (Noncurrent):
Equity investments	1,325	1,289
Operating Lease, Right-of-Use Asset	8,022	4,275
Deferred Income Taxes	112	16
Other	2,093	1,507
Other assets	11,552	7,087
Accrued liabilities:
Salaries and related	4,178	4,188
Benefits	6,190	5,339
Insurance obligations	1,763	1,680
Warranties	1,606	2,019
Income Taxes	1,049	293
Other taxes	1,563	1,734
Acquisition-related contingent consideration liability, current	580	763
Lease liability, current	2,117	2,530
Other	1,790	2,197
Accrued And Other Liabilities, Current	20,836	20,743
Other liabilities:
Postretirement benefits	8,739	8,741
Acquisition-related contingent consideration liability, long-term	2,198	2,171
Lease liability, noncurrent	6,404	2,627
Deferred Income Tax Liabilities, Net	5,213	7,080
Uncertain tax positions	2,627	2,606
Other, Noncurrent	8,758	5,936
Other Liabilities, Noncurrent	33,939	29,161
Land [Member]
Property, plant and equipment, net:
Property, plant and equipment	3,117	3,117
Building and Building Improvements [Member]
Property, plant and equipment, net:
Property, plant and equipment	81,114	80,330
Machinery and Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment	162,160	158,354
Right-of-use Assets, Financing Leases [Member]
Property, plant and equipment, net:
Property, plant and equipment	866	881
Property, plant and equipment, Owned and Right-of-Use Assets for financing lease [Member]
Property, plant and equipment, net:
Accumulated depreciation	(145,196)	(141,832)
Property, plant and equipment, net	$ 102,061	$ 100,850

Net Income per Share (Antidilut

Net Income per Share (Antidiluted Securities Excluded from Computation) Details - shares	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in options and restricted units)	321,454	29,796

Net Income per Share (Calculati

Net Income per Share (Calculation of Numerator and Denominator) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Numerator:
Net income attributable to Raven Industries, Inc.	$ 4,047	$ 13,210
Denominator:
Weighted average common shares outstanding (in shares)	35,797,939	35,962,066
Weighted average fully vested stock units outstanding (in shares)	129,672	105,341
Denominator for basic calculation (in shares)	35,927,611	36,067,407
Weighted average common shares outstanding (in shares)	35,797,939	35,962,066
Weighted average fully vested stock units outstanding (in shares)	129,672	105,341
Dilutive impact of stock options and restricted units (in shares)	138,613	325,831
Denominator for diluted calculation (in shares)	36,066,224	36,393,238
Net income per share - basic (in dollars per share)	$ 0.11	$ 0.37
Net income per share - diluted (in dollars per share)	$ 0.11	$ 0.36

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	3 Months Ended
	Apr. 30, 2020
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, commercial lighter-than-air, and aerospace/defense markets. The Company is comprised of three unique operating units, or divisions, classified into reportable business 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, 2020. Financial results for the interim three-month period ended April 30, 2020, are not necessarily indicative of the results that may be expected for the year ending January 31, 2021. The January 31, 2020, 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. Redeemable noncontrolling interest The Company acquired a majority ownership in Dot Technology Corp. (DOT) in the fiscal 2020 fourth quarter. Due to the redemption features provided to the minority shareholders in the acquisition, the 36% remaining noncontrolling interest was classified as a redeemable noncontrolling interest in the Company’s Consolidated Balance Sheets as of January 31, 2020. During the first quarter of fiscal 2021, the minority interest shareholders exercised their put options, requiring the Company to redeem the remaining 36% of noncontrolling interest in DOT. The majority ownership in DOT and redeemable noncontrolling interest is further described in Note 6 "Acquisitions and Investments in Businesses and Technologies," and aligns under the Applied Technology segment. Related Party Transactions Following the acquisition of DOT, the Company sold products to, paid rent to, and purchased services for manufacturing, research and development (R&D), selling, and administration from a business owned by a minority interest shareholder of DOT. The total of these related party transactions was $1,755 for three months ended April 30, 2020, of which $855 was reported in accounts payable at April 30, 2020.

Summary of Significant Accounti

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Notes)	3 Months Ended
	Apr. 30, 2020
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, 2020, other than described in the Accounting Standards Adopted section below. Accounting Pronouncements Accounting Standards Adopted In the fiscal 2021 first quarter, the Company adopted, Financial Accounting Standards Board (FASB) Accounting Standard Update (ASU) No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement" (ASU 2018-13), when it became effective. The amendments in ASU 2018-13 remove, modify, and add required disclosures for companies related to recurring and nonrecurring fair value measurements under Topic 820. Certain amendments in this guidance are required to be applied prospectively, and others are to be applied retrospectively. The amendments in ASU 2018-13 only related to financial statement disclosures and did not have a significant impact on the Company's consolidated financial statements or its note disclosures. In the fiscal 2021 first quarter, the Company adopted FASB ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" (ASU 2016-13), when it became effective along with all subsequent amendments to Topic 326 issued by FASB. Current GAAP generally delays recognition of the full amount of credit losses until the loss is deemed probable of occurring. The amendments in this guidance eliminate the probable initial recognition threshold and, instead, reflect an entity’s current estimate of all expected credit losses. Previously, when credit losses were measured under GAAP, an entity generally only considered past events and current conditions in measuring the incurred loss. At adoption, the Company did not have any financial instruments in scope under ASU 2016-13 other than trade accounts receivables. In accordance with ASU 2016-13, the Company updated its current expected credit loss model for its trade accounts receivable and remeasured its allowance for doubtful accounts as of February 1, 2020. The remeasurement impact was immaterial and no cumulative accounting adjustment was recorded to retained earnings in the first quarter of fiscal year 2021. New Accounting Standards Not Yet Adopted

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	Apr. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE Disaggregation of Revenues Revenue is disaggregated by major product category and geography, as we believe these categories best depict how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. The following table includes a reconciliation of the disaggregated revenue by reportable segments. Service revenues are not material and are not separately disclosed. Revenue by Product Category Three Months Ended April 30, 2020 Three Months Ended April 30, 2019 ATD EFD AERO ELIM (a) Total ATD EFD AERO ELIM (a) Total Lighter-than-Air Domestic $ — $ — $ 6,082 $ — $ 6,082 $ — $ — $ 7,029 $ — $ 7,029 International — — 12 — 12 — — 34 — 34 Plastic Films & Sheeting Domestic — 30,556 — (60) 30,496 — 41,762 — (29) 41,733 International — 2,842 — — 2,842 — 2,530 — — 2,530 Precision Agriculture Equipment Domestic 30,861 — — — 30,861 29,584 — — — 29,584 International 11,146 — — — 11,146 12,141 — — — 12,141 Other Domestic — — 5,052 — 5,052 — — 5,122 — 5,122 International — — 5 — 5 — — 5 — 5 Totals $ 42,007 $ 33,398 $ 11,151 $ (60) $ 86,496 $ 41,725 $ 44,292 $ 12,190 $ (29) $ 98,178 (a) Intersegment sales for both fiscal 2021 and 2020 were primarily sales from Engineered Films to Aerostar. Contract Balances Contract balances consist of contract assets and contract liabilities. Contract assets primarily relate to the Company’s rights to consideration for work completed but not yet billed for at the reporting date, or retainage provisions on billings that have been issued. Contract liabilities primarily relate to consideration received from customers prior to transferring goods or services to the customer. Contract assets and contract liabilities are reported in "Accounts receivable, net" and "Other current liabilities" in the Consolidated Balance Sheets, respectively. During the three months ended April 30, 2020, the Company’s contract assets decreased by $4,215 while contract liabilities increased by $918, respectively. The change was primarily a result of the contract terms which include timing of customer payments, timing of invoicing, and progress made on open contracts. Due to the short-term nature of the Company’s contracts, substantially all contract liabilities are recognized as revenue during the twelve months thereafter. Changes in our contract assets and liabilities were as follows: April 30, January 31, $ Change % Change Contract assets $ 3,310 $ 7,525 $ (4,215) (56.0) % Contract liabilities $ 3,206 $ 2,288 $ 918 40.1 % Remaining Performance Obligations As of April 30, 2020, the Company has no remaining performance obligations related to customer contracts with an original expected duration of one year or more. Revenue recognized from performance obligations satisfied in the prior period during the three-month period ending April 30, 2020, were not material.

Acquisitions and Divestitures o

Acquisitions and Divestitures of and Investments in Businesses and Technologies	3 Months Ended
	Apr. 30, 2020
Business Combinations [Abstract]
Acquisitions of and Investments in Businesses and Technologies	ACQUISITIONS AND DIVESTITURES OF AND INVESTMENTS IN BUSINESSES AND TECHNOLOGIES Fiscal year 2021 There were no significant business acquisitions and divestitures or purchases of technologies in the three-month period ended April 30, 2020. Fiscal year 2020 On November 1, 2019, the Company acquired Smart Ag, Inc. (Smart Ag). Smart Ag is a technology company located in Ames, Iowa, that develops autonomous farming solutions for agriculture. Smart Ag offers aftermarket retrofit kits to automate farm equipment as well as a platform to connect, manage, and safely operate autonomous agricultural machinery. On November 13, 2019, the Company acquired a majority ownership in DOT. Simultaneously with acquiring this majority ownership, the Company contributed cash to DOT in exchange for additional equity, making the majority ownership percentage in DOT 60% when the transaction closed. DOT is located in Regina, Saskatchewan, Canada, and designs autonomous agriculture solutions and manufactures a unique U-shaped agriculture platform to semi-autonomously handle a large variety of agriculture implements. The acquisition provided noncontrolling interest shareholders various put options that, if exercised, obligated the Company to purchase their outstanding DOT shares. Due to the redemption features, the noncontrolling interest was classified as a redeemable noncontrolling interest in the Company’s Consolidated Balance Sheets as of January 31, 2020. Both acquisitions aligned under the Company's Applied Technology Division and complement the division's suite of precision ag products and solutions. The aggregate purchase price was approximately $54,000 in the fourth quarter of fiscal year 2020, excluding the noncontrolling interest. During the first quarter of fiscal 2021, the minority interest shareholders exercised their put options, requiring the Company to redeem the remaining noncontrolling interest in DOT. The redeemable amount of $17,172 is payable within ninety days and is classified as "Redeemable noncontrolling interest payable" in current liabilities on the Consolidated Balance Sheet at April 30, 2020. The remaining redeemable amount, as well as the liability for the noncontrolling interest redeemed in the prior fiscal year, totaling approximately $4,985, is payable in November 2021 and classified as "Other Liabilities" in the Consolidated Balance Sheet at April 30, 2020. The Company completed the valuation of intangible assets during the first quarter of fiscal 2021 and is still in the process of completing pre-acquisition tax filings, which may impact taxes and goodwill in the measurement period. The following adjustments were made to the purchase price allocation during the three months ended April 30, 2020: Previously Reported Measurement Period Adjustments Adjusted Balance Goodwill $ 56,022 $ 55 $ 56,077 Intangibles, net 31,800 (600) 31,200 Deferred income taxes (4,158) 309 (3,849) Accounts payable and other current liabilities (1,462) 236 (1,226) $ — Identifiable intangible assets acquired were primarily indefinite-lived intangible assets for in-process R&D. Amortization of these indefinite-lived intangible assets will start when the current in-process R&D project is complete and the product is commercialized, which is expected to occur in fiscal 2021. Amortization of the indefinite-lived intangibles will be on a straight-line basis over the remaining estimated useful lives of these assets. The Company expects the useful lives will range from seven to ten years. The following pro forma consolidated condensed financial results of operations are presented as if the acquisitions described above had been included in the Company's consolidated financial statements for the prior year comparative period (unaudited): (Unaudited) Three Months Ended April 30, 2019 Net sales $ 98,278 Net income attributable to Raven Industries, Inc. $ 11,360 Earnings per common share Basic $ 0.31 Diluted $ 0.31 Acquisition-related Contingent Consideration The Company has contingent liabilities related to the acquisitions of AgSync, Inc. (AgSync) in fiscal 2019; Colorado Lining International, Inc. (CLI) in fiscal 2018; and Raven Europe B.V. (Raven Europe), formerly named SBG Innovatie BV and its affiliate, Navtronics BVBA (collectively, SBG), in fiscal 2015. 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 particular 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 April 30, April 30, Beginning balance $ 2,934 $ 4,172 Fair value of contingent consideration acquired — 310 Change in fair value of the liability (55) 94 Contingent consideration earn-out paid (101) (620) Ending balance $ 2,778 $ 3,956 Classification of liability in the consolidated balance sheet Accrued liabilities $ 580 $ 1,306 Other liabilities, long-term 2,198 2,650 Balance at April 30 $ 2,778 $ 3,956 For the acquisition of AgSync, the Company entered into a contingent earn-out agreement, not to exceed $3,500. The earn-out is to be paid annually over three years after the purchase date, contingent upon achieving certain revenue milestones. The Company has made no payments on this potential earn-out liability as of April 30, 2020. In the acquisition of CLI, 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 revenue milestones and operational synergies. To date, the Company has paid a total of $1,333 of this potential earn-out liability.
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 April 30, April 30, Beginning balance $ 2,934 $ 4,172 Fair value of contingent consideration acquired — 310 Change in fair value of the liability (55) 94 Contingent consideration earn-out paid (101) (620) Ending balance $ 2,778 $ 3,956 Classification of liability in the consolidated balance sheet Accrued liabilities $ 580 $ 1,306 Other liabilities, long-term 2,198 2,650 Balance at April 30 $ 2,778 $ 3,956

Goodwill, Long-lived Assets and

Goodwill, Long-lived Assets and Other Intangibles Goodwill, Long-lived Assets and Other Intangibles (Notes)	3 Months Ended
	Apr. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Impairment Loss and Other Charges	GOODWILL, LONG-LIVED ASSETS, AND OTHER CHARGES Goodwill 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. There were no goodwill impairment losses reported in the three-month periods ending April 30, 2020 and 2019, respectively. The changes in the carrying amount of goodwill by reporting unit were as follows: Applied Technology (excluding Autonomy) Autonomy Engineered Aerostar Total Balance at January 31, 2020 $ 16,943 $ 55,700 $ 33,232 $ 634 $ 106,509 Changes due to business combinations — 55 — — 55 Foreign currency translation adjustment (36) (1,920) — — (1,956) Balance at April 30, 2020 $ 16,907 $ 53,835 $ 33,232 $ 634 $ 104,608 Long-lived Assets and Other Intangibles The Company assesses the recoverability of long-lived assets, including definite-lived intangibles and property, plant, and equipment, if events or changes in circumstances indicate that an asset might be impaired. For long-lived and intangible assets, management performs impairment reviews by asset group. Management periodically assesses for triggering events and discusses any significant changes in the utilization of long-lived assets. For purposes of recognition and measurement of an impairment loss, a long-lived asset is grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. 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 is not recoverable and exceeds the fair value of the asset. The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets: April 30, 2020 January 31, 2020 Accumulated Accumulated Amount amortization Net Amount amortization Net Existing technology $ 9,174 $ (7,817) $ 1,357 $ 9,190 $ (7,706) $ 1,484 Customer relationships 16,059 (7,205) 8,854 16,067 (6,868) 9,199 Patents and other intangibles 6,703 (2,609) 4,094 6,678 (2,444) 4,234 In-process research and development (a) 29,521 — 29,521 31,300 — 31,300 Total $ 61,457 $ (17,631) $ 43,826 $ 63,235 $ (17,018) $ 46,217 (a) Refer to Note 6 "Acquisitions and Investments in Businesses and Technologies" for a more detailed description of these indefinite-lived intangible assets acquired in business combinations in fiscal 2020. A portion of these intangible assets are denominated in a foreign currency and subject to exchange rate fluctuations.

Employee Postretirement Benefit

Employee Postretirement Benefits	3 Months Ended
	Apr. 30, 2020
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 April 30, April 30, Service cost $ 9 $ 7 Interest cost 70 83 Amortization of actuarial losses 43 24 Amortization of unrecognized gains in prior service cost (40) (40) Net periodic benefit cost $ 82 $ 74 Postretirement benefit cost components are reclassified in their entirety from accumulated other comprehensive loss to net periodic benefit cost. Service cost is reported in net income as "Cost of sales" or "Selling, general, and administrative expenses" in a manner consistent with the classification of direct labor and personnel costs of the eligible employees. The components of the net periodic benefit cost, other than the service cost component, are classified as a non-operating expense in "Other income (expense), net" on the Consolidated Statements of Income and Comprehensive Income.

Warranties

Warranties	3 Months Ended
	Apr. 30, 2020
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 April 30, April 30, Beginning balance $ 2,019 $ 890 Change in provision 390 822 Settlements made (803) (321) Ending balance $ 1,606 $ 1,391

Debt Arrangements

Debt Arrangements	3 Months Ended
	Apr. 30, 2020
Debt Disclosure [Abstract]
Financing Arrangements	DEBT Credit Facility On September 20, 2019, the Company entered into a credit facility with Bank of America, N. A., as administrative agent, and Wells Fargo Bank, National Association (the Credit Agreement). The Credit Agreement provides for a syndicated senior revolving credit facility up to $100,000 with a maturity date of September 20, 2022. During the first quarter of fiscal year 2021, the Company drew $50,000 on its credit facility. As defined in the Credit Agreement, interest accrues at varying rates, with a current interest rate of approximately 1.8% as of April 30, 2020. Fees included in the Credit Agreement include an annual administrative fee as well as an unborrowed capacity fee. Debt under the agreement is subject to customary affirmative and negative covenants, including financial covenants. These financial covenants include a consolidated interest coverage ratio and consolidated leverage ratio, both of which are defined in the Credit Agreement. The Company has $50,000 in availability under the Credit Agreement as of April 30, 2020. Outstanding debt under the Credit Agreement is classified as "Long-term debt" on the Consolidated balance sheet as of April 30, 2020. The unamortized debt issuance costs associated with the Credit Agreement were as follows: April 30, 2020 January 31, 2020 Unamortized debt issuance costs (a) $ 194 $ 215 (a) Unamortized debt issuance costs are amortized over the term of the Credit Agreement and are reported as "Other assets" in the Consolidated Balance Sheets. Letters of credit (LOC) issued and outstanding were as follows: April 30, 2020 January 31, 2020 Letters of credit outstanding (a) $ 50 $ 50 (a) Any draws required under the LOC would be settled with available cash or borrowings under the Credit Agreement. Long-Term Notes The Company assumed certain long-term notes pursuant to the acquisition of a majority ownership in DOT in fiscal year 2020 as described in Note 6 "Acquisitions and Investments in Businesses and Technologies" . The related financial assistance agreement (Agreement) is between DOT and Western Economic Diversification Canada (WEDC), a government agency in Canada, that was entered into in August 2019. Under the Agreement, the WEDC agrees to contribute up to $5,000 over a three-year period for costs incurred to develop a cloud-based distribution and service channel for a particular product being developed by DOT. DOT is eligible to receive contributions for costs incurred for purposes specified in the Agreement. The Company is required to repay the funds contributed by WEDC in 60 monthly installments beginning April 1, 2023, plus interest that begins on April 1, 2023, based on an average bank rate plus 3%. As of April 30, 2020, the Company had received $364 in contributions from WEDC and no repayments have been made. The outstanding liability balance is reported as "Long-term debt" on the Consolidated Balance Sheets. At April 30, 2020, the Company's debt maturities based on outstanding principal were as follows: 2021 2022 2023 2024 2025 Thereafter Maturities of debt $ — $ — $ 50,000 $ 364 $ — $ —

Commitments and Contingencies D

Commitments and Contingencies Disclosure	3 Months Ended
	Apr. 30, 2020
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; potential costs and liabilities of which cannot be determined at this time. Management does not believe the ultimate outcomes of its legal proceedings are likely to be material to its results of operations, financial position, or cash flows. In addition, the Company has insurance policies that provide coverage to various degrees for potential liabilities arising from legal proceedings. The Company entered into a Gift Agreement ("the Agreement") effective in January 2018 with the South Dakota State University Foundation, Inc. ("the Foundation"). This gift will be used for the establishment of a precision agriculture facility to support South Dakota State University's Precision Agriculture degrees and curriculum. The Agreement states that the Company

Income Tax Income Tax Disclosur

Income Tax Income Tax Disclosure	3 Months Ended
	Apr. 30, 2020
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, R&D tax credit, foreign-derived intangible income deduction, and tax-exempt insurance premiums. The Company’s effective tax rates were as follows: Three Months Ended April 30, April 30, Effective tax rate (13.8) % 12.2 % The decrease in the effective tax rate year-over-year was driven primarily by an increase in the R&D tax credit as a percentage of estimated pre-tax income in the current fiscal year. The Company's discrete tax benefit was as follows: Three Months Ended April 30, April 30, Discrete tax benefit $ 331 $ 1,168

Dividends and Treasury Stock

Dividends and Treasury Stock	3 Months Ended
	Apr. 30, 2020
Stockholders' Equity Note [Abstract]
Dividends and Treasury Stock	DIVIDENDS AND TREASURY STOCK Dividends paid to Raven shareholders were as follows: Three Months Ended April 30, April 30, Dividends paid (a) $ 4,658 $ 4,682 Dividends paid per share (in cents per share) (a) 13.0 13.0 (a) There were no declared and unpaid shareholder dividends at April 30, 2020 or 2019. On November 3, 2014, the Company announced that its Board of Directors ("Board") had authorized a $40,000 stock buyback program. Since that time, the Board has provided additional authorizations to increase the total amount authorized under the program to $75,000. This authorization remains in place until the authorized spending limit is reached or such authorization is revoked by the Board. Pursuant to these authorizations, the Company repurchased 60,700 shares for $2,281 in the three-month period ended April 30, 2019. There were no shares repurchases in the three-month period ended April 30, 2020. There were no share repurchases unpaid at April 30, 2020, or April 30, 2019. The remaining dollar value authorized for share repurchases at April 30, 2020 is $17,179 .

Share Based Compensation

Share Based Compensation	3 Months Ended
	Apr. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share Based Compensation	SHARE-BASED COMPENSATION Share-based compensation expense is recognized based on the fair value of the share-based awards expected to vest during the period. The share-based compensation expense was as follows: Three Months Ended April 30, 2020 April 30, 2019 Cost of sales $ 80 $ 76 Research and development expenses 374 35 Selling, general, and administrative expenses 1,042 671 Total share-based compensation expense $ 1,496 $ 782

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING The Company's operating segments, which are also its reportable segments, are defined by their product lines which have been generally grouped based on technology, manufacturing processes, and end-use application. The Company's reportable segments are Applied Technology Division, Engineered Films Division, and Aerostar Division. Separate financial information is available for each reportable segment and regularly evaluated by the Company's chief operating decision-maker, the President and Chief Executive Officer, in making resource allocation decisions for the Company's reportable segments. The Company measures the performance of its segments based on their operating income excluding administrative and general expenses. Other income, interest expense, and income taxes are not allocated to individual operating segments. Segment information is reported consistent with the Company's management reporting structure. Business segment financial performance and other information is as follows: Three Months Ended April 30, April 30, Net sales Applied Technology $ 42,007 $ 41,725 Engineered Films 33,398 44,292 Aerostar 11,151 12,190 Intersegment eliminations (a) (60) (29) Consolidated net sales $ 86,496 $ 98,178 Operating income (b) Applied Technology $ 8,939 $ 13,236 Engineered Films 1,607 6,363 Aerostar 293 1,996 Intersegment eliminations 40 1 Total reportable segment income 10,879 21,596 General and administrative expenses (b) (6,940) (6,475) Consolidated operating income $ 3,939 $ 15,121 (a) Intersegment sales for both fiscal 2021 and 2020 were primarily sales from Engineered Films to Aerostar. (b) At the segment level, operating income 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.

Subsequent Events (Notes)

Subsequent Events (Notes)	3 Months Ended
	Apr. 30, 2020
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENTSThe Company has evaluated events up to the filing date of this Quarterly Report on Form 10-Q and concluded that no subsequent events have occurred that would require recognition or disclosure in the Notes to the Consolidated Financial Statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies New Accounting Standards (Policies)	3 Months Ended
	Apr. 30, 2020
New Accounting Standards [Abstract]
New Accounting Pronouncements, Policy	Accounting Standards Adopted In the fiscal 2021 first quarter, the Company adopted, Financial Accounting Standards Board (FASB) Accounting Standard Update (ASU) No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement" (ASU 2018-13), when it became effective. The amendments in ASU 2018-13 remove, modify, and add required disclosures for companies related to recurring and nonrecurring fair value measurements under Topic 820. Certain amendments in this guidance are required to be applied prospectively, and others are to be applied retrospectively. The amendments in ASU 2018-13 only related to financial statement disclosures and did not have a significant impact on the Company's consolidated financial statements or its note disclosures.
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	New Accounting Standards Not Yet AdoptedThere are no significant ASU's issued not yet adopted as of April 30, 2020.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Apr. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	Disaggregation of Revenues Revenue is disaggregated by major product category and geography, as we believe these categories best depict how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. The following table includes a reconciliation of the disaggregated revenue by reportable segments. Service revenues are not material and are not separately disclosed. Revenue by Product Category Three Months Ended April 30, 2020 Three Months Ended April 30, 2019 ATD EFD AERO ELIM (a) Total ATD EFD AERO ELIM (a) Total Lighter-than-Air Domestic $ — $ — $ 6,082 $ — $ 6,082 $ — $ — $ 7,029 $ — $ 7,029 International — — 12 — 12 — — 34 — 34 Plastic Films & Sheeting Domestic — 30,556 — (60) 30,496 — 41,762 — (29) 41,733 International — 2,842 — — 2,842 — 2,530 — — 2,530 Precision Agriculture Equipment Domestic 30,861 — — — 30,861 29,584 — — — 29,584 International 11,146 — — — 11,146 12,141 — — — 12,141 Other Domestic — — 5,052 — 5,052 — — 5,122 — 5,122 International — — 5 — 5 — — 5 — 5 Totals $ 42,007 $ 33,398 $ 11,151 $ (60) $ 86,496 $ 41,725 $ 44,292 $ 12,190 $ (29) $ 98,178
Contract with Customer, Asset and Liability [Table Text Block]	Changes in our contract assets and liabilities were as follows: April 30, January 31, $ Change % Change Contract assets $ 3,310 $ 7,525 $ (4,215) (56.0) % Contract liabilities $ 3,206 $ 2,288 $ 918 40.1 %

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Apr. 30, 2020
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The Company completed the valuation of intangible assets during the first quarter of fiscal 2021 and is still in the process of completing pre-acquisition tax filings, which may impact taxes and goodwill in the measurement period. The following adjustments were made to the purchase price allocation during the three months ended April 30, 2020: Previously Reported Measurement Period Adjustments Adjusted Balance Goodwill $ 56,022 $ 55 $ 56,077 Intangibles, net 31,800 (600) 31,200 Deferred income taxes (4,158) 309 (3,849) Accounts payable and other current liabilities (1,462) 236 (1,226) $ —
Business Acquisition, Pro Forma Information	The following pro forma consolidated condensed financial results of operations are presented as if the acquisitions described above had been included in the Company's consolidated financial statements for the prior year comparative period (unaudited): (Unaudited) Three Months Ended April 30, 2019 Net sales $ 98,278 Net income attributable to Raven Industries, Inc. $ 11,360 Earnings per common share Basic $ 0.31 Diluted $ 0.31

Goodwill, Long-lived Assets a_2

Goodwill, Long-lived Assets and Other Intangibles (Tables)	3 Months Ended
	Apr. 30, 2020
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 (excluding Autonomy) Autonomy Engineered Aerostar Total Balance at January 31, 2020 $ 16,943 $ 55,700 $ 33,232 $ 634 $ 106,509 Changes due to business combinations — 55 — — 55 Foreign currency translation adjustment (36) (1,920) — — (1,956) Balance at April 30, 2020 $ 16,907 $ 53,835 $ 33,232 $ 634 $ 104,608
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: April 30, 2020 January 31, 2020 Accumulated Accumulated Amount amortization Net Amount amortization Net Existing technology $ 9,174 $ (7,817) $ 1,357 $ 9,190 $ (7,706) $ 1,484 Customer relationships 16,059 (7,205) 8,854 16,067 (6,868) 9,199 Patents and other intangibles 6,703 (2,609) 4,094 6,678 (2,444) 4,234 In-process research and development (a) 29,521 — 29,521 31,300 — 31,300 Total $ 61,457 $ (17,631) $ 43,826 $ 63,235 $ (17,018) $ 46,217 (a) Refer to Note 6 "Acquisitions and Investments in Businesses and Technologies" for a more detailed description of these indefinite-lived intangible assets acquired in business combinations in fiscal 2020. A portion of these intangible assets are denominated in a foreign currency and subject to exchange rate fluctuations.

Employee Postretirement Benef_2

Employee Postretirement Benefits Employee Postretirement Benefits (Tables)	3 Months Ended
	Apr. 30, 2020
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 April 30, April 30, Service cost $ 9 $ 7 Interest cost 70 83 Amortization of actuarial losses 43 24 Amortization of unrecognized gains in prior service cost (40) (40) Net periodic benefit cost $ 82 $ 74

Warranties (Tables)

Warranties (Tables)	3 Months Ended
	Apr. 30, 2020
Product Warranties Disclosures [Abstract]
Warranties	Changes in the warranty accrual were as follows: Three Months Ended April 30, April 30, Beginning balance $ 2,019 $ 890 Change in provision 390 822 Settlements made (803) (321) Ending balance $ 1,606 $ 1,391

Debt Arrangements (Tables)

Debt Arrangements (Tables)	3 Months Ended
	Apr. 30, 2020
Line of Credit Facility [Line Items]
Schedule of Debt [Table Text Block]	The unamortized debt issuance costs associated with the Credit Agreement were as follows: April 30, 2020 January 31, 2020 Unamortized debt issuance costs (a) $ 194 $ 215
Debt Instrument Redemption	At April 30, 2020, the Company's debt maturities based on outstanding principal were as follows: 2021 2022 2023 2024 2025 Thereafter Maturities of debt $ — $ — $ 50,000 $ 364 $ — $ —
Schedule of Line of Credit Facilities [Table Text Block]	Letters of credit (LOC) issued and outstanding were as follows: April 30, 2020 January 31, 2020 Letters of credit outstanding (a) $ 50 $ 50

Income Tax Effective tax rate (

Income Tax Effective tax rate (Tables)	3 Months Ended
	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The Company’s effective tax rates were as follows: Three Months Ended April 30, April 30, Effective tax rate (13.8) % 12.2 %
Discrete Tax Benefit (Expense) [Table Text Block]	Three Months Ended April 30, April 30, Discrete tax benefit $ 331 $ 1,168

Dividends and Treasury Stock Ta

Dividends and Treasury Stock Tables (Tables)	3 Months Ended
	Apr. 30, 2020
Stockholders' Equity Note [Abstract]
Dividends Declared [Table Text Block]	Dividends paid to Raven shareholders were as follows: Three Months Ended April 30, April 30, Dividends paid (a) $ 4,658 $ 4,682 Dividends paid per share (in cents per share) (a) 13.0 13.0 (a) There were no declared and unpaid shareholder dividends at April 30, 2020 or 2019.

Share Based Compensation (Table

Share Based Compensation (Tables)	3 Months Ended
	Apr. 30, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	The share-based compensation expense was as follows: Three Months Ended April 30, 2020 April 30, 2019 Cost of sales $ 80 $ 76 Research and development expenses 374 35 Selling, general, and administrative expenses 1,042 671 Total share-based compensation expense $ 1,496 $ 782

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 30, 2020
Segment Reporting [Abstract]
Business segment net sales and operating income results	Business segment financial performance and other information is as follows: Three Months Ended April 30, April 30, Net sales Applied Technology $ 42,007 $ 41,725 Engineered Films 33,398 44,292 Aerostar 11,151 12,190 Intersegment eliminations (a) (60) (29) Consolidated net sales $ 86,496 $ 98,178 Operating income (b) Applied Technology $ 8,939 $ 13,236 Engineered Films 1,607 6,363 Aerostar 293 1,996 Intersegment eliminations 40 1 Total reportable segment income 10,879 21,596 General and administrative expenses (b) (6,940) (6,475) Consolidated operating income $ 3,939 $ 15,121 (a) Intersegment sales for both fiscal 2021 and 2020 were primarily sales from Engineered Films to Aerostar. (b) At the segment level, operating income 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.

Basis of Presentation and Pri_2

Basis of Presentation and Principles of Consolidation (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)Divisions	Jan. 31, 2020
Organization, Consolidation and Presentation of Financial Statements Line Items [Line Items]
Number of operating units | Divisions	3
Related Party Transaction, Amounts of Transaction	$ 1,755
Due to Affiliate, Current	$ 855
Dot Technology Corp. [Member]
Organization, Consolidation and Presentation of Financial Statements Line Items [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		36.00%
Redeemable Noncontrolling Interest, Percentage of Voting Interests Acquired	36.00%

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 86,496	$ 98,178
Applied Technology [Member]
Disaggregation of Revenue [Line Items]
Net sales	42,007	41,725
Aerostar [Member]
Disaggregation of Revenue [Line Items]
Net sales	11,151	12,190
Engineered Films [Member]
Disaggregation of Revenue [Line Items]
Net sales	33,398	44,292
All Segments [Member]
Disaggregation of Revenue [Line Items]
Net sales	86,496	98,178
UNITED STATES | Lighter-than-air [Member]
Disaggregation of Revenue [Line Items]
Net sales	6,082	7,029
UNITED STATES | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	30,496	41,733
UNITED STATES | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	30,861	29,584
UNITED STATES | Other Product [Member]
Disaggregation of Revenue [Line Items]
Net sales	5,052	5,122
UNITED STATES | Applied Technology [Member] | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	30,861	29,584
UNITED STATES | Aerostar [Member] | Lighter-than-air [Member]
Disaggregation of Revenue [Line Items]
Net sales	6,082	7,029
UNITED STATES | Aerostar [Member] | Other Product [Member]
Disaggregation of Revenue [Line Items]
Net sales	5,052	5,122
UNITED STATES | Engineered Films [Member] | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	30,556	41,762
Non-US [Member] | Lighter-than-air [Member]
Disaggregation of Revenue [Line Items]
Net sales	12	34
Non-US [Member] | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	2,842	2,530
Non-US [Member] | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	11,146	12,141
Non-US [Member] | Other Product [Member]
Disaggregation of Revenue [Line Items]
Net sales	5	5
Non-US [Member] | Applied Technology [Member] | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	11,146	12,141
Non-US [Member] | Aerostar [Member] | Lighter-than-air [Member]
Disaggregation of Revenue [Line Items]
Net sales	12	34
Non-US [Member] | Aerostar [Member] | Other Product [Member]
Disaggregation of Revenue [Line Items]
Net sales	5	5
Non-US [Member] | Engineered Films [Member] | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	2,842	2,530
Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net sales	(60)	(29)
Consolidation, Eliminations [Member] | UNITED STATES | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	(60)	(29)
Consolidation, Eliminations [Member] | UNITED STATES | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0
Consolidation, Eliminations [Member] | Non-US [Member] | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 0	$ 0

Revenue Contract Asset and Cont

Revenue Contract Asset and Contract Liabilities balances (Details) - Short-term Contract with Customer [Member] - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Jan. 31, 2020
Capitalized Contract Cost [Line Items]
Contract Assets	$ 3,310	$ 7,525
Change Contract Assets	$ (4,215)
Increase (decrease) in contract assets with customers, percentage	(56.00%)
Contract Liabilities	$ 3,206	$ 2,288
Change in contract liabilities	$ 918
Increase (decrease) in contract liabilities with customers, percentage	40.10%

Revenue Details (Details)

Revenue Details (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Performance obligations more than one year	$ 0

Acquisitions and Divestitures_2

Acquisitions and Divestitures of and Investments in Businesses and Technologies Business Combinations (Details) - USD ($) $ in Thousands	Nov. 13, 2019	Nov. 01, 2019	Apr. 30, 2020	Jan. 31, 2020
Business Combination, Description [Abstract]
Business Combination, Consideration Transferred			$ 0
Redeemable noncontrolling interest payable			17,172	$ 0
Redeemable Noncontrolling Interest Payable, Noncurrent			8,758	5,936
Applied Technology [Member] | Smart Ag [Member]
Business Combination, Description [Abstract]
Business Acquisition, Name of Acquired Entity		Smart Ag, Inc.
Business Acquisition, Effective Date of Acquisition		Nov. 1, 2019
Applied Technology [Member] | Dot Technology [Member]
Business Combination, Description [Abstract]
Business Acquisition, Name of Acquired Entity	DOT
Business Acquisition, Effective Date of Acquisition	Nov. 13, 2019
Redeemable Noncontrolling Interest, Percentage of Voting Interests Acquired	60.00%
Redeemable noncontrolling interest payable			17,172
Redeemable Noncontrolling Interest Payable, Noncurrent			$ 4,985
Applied Technology [Member] | Smart Ag and DOT [Member]
Business Combination, Description [Abstract]
Business Combination, Consideration Transferred				$ 54,000

Acquisitions and Divestitures_3

Acquisitions and Divestitures of and Investments in Businesses and Technologies Acquisition-related Contingent Consideration (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Acquisition-related contingent consideration [Roll Forward]
Acquisition-related contingent consideration, Beginning Balance	$ 2,934	$ 4,172
Fair Value Contingent Consideration Acquisition of a Business	0	310
Change in fair value of acquisition-related contingent consideration	(55)	94
Contingent consideration earn-out paid	(101)	(620)
Acquisition-related contingent consideration, Ending Balance	2,778	3,956
Acquisition-related contingent consideration liability, current			$ 580	$ 1,306
Acquisition-related contingent consideration liability, Noncurrent			2,198	2,650
Business Combination, Contingent Consideration, Liability	$ 2,778	$ 3,956	2,778	$ 3,956
Applied Technology [Member] | AgSync [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent Consideration Term in Years	3 years
Contingent consideration, potential cash payment			3,500
Business acquisition contingent consideration cumulative paid	$ 0
Applied Technology [Member] | Raven Europe [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent Consideration Term in Years	10 years
Contingent consideration, potential cash payment			2,500
Business acquisition contingent consideration cumulative paid	$ 2,338
Engineered Films [Member] | CLI [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]
Contingent Consideration Term in Years	3 years
Contingent consideration, potential cash payment			$ 2,000
Business acquisition contingent consideration cumulative paid	$ 1,333

Measurement Period Adjustments

Measurement Period Adjustments (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)
Business Acquisition [Line Items]
Goodwill Beginning balance	$ 106,509
Goodwill Ending balance	104,608
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred	0
Smart Ag and DOT [Member]
Business Acquisition [Line Items]
Goodwill Beginning balance	56,022
Goodwill, Translation and Purchase Accounting Adjustments	55
Goodwill Ending balance	56,077
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	31,800
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles	(600)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	31,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(4,158)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets	309
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(3,849)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	(1,462)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities	236
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	$ (1,226)

Proforma Information (Details)

Proforma Information (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)$ / shares
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Revenue | $	$ 98,278
Business Acquisition, Pro Forma Net Income (Loss) | $	$ 11,360
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ / shares	$ 0.31
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ / shares	$ 0.31

Goodwill, Long-lived Assets a_3

Goodwill, Long-lived Assets and Other Intangibles Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Goodwill [Line Items]
Goodwill impairment loss	$ 0	$ 0
Goodwill [Roll Forward]
Goodwill Beginning balance	106,509
Goodwill, Measurement Period Adjustment	55
Goodwill, Foreign Currency Translation Gain (Loss)	(1,956)
Goodwill Ending balance	104,608
Applied Technology (excluding Autonomy) [Member]
Goodwill [Roll Forward]
Goodwill Beginning balance	16,943
Goodwill, Measurement Period Adjustment	0
Goodwill, Foreign Currency Translation Gain (Loss)	(36)
Goodwill Ending balance	16,907
Autonomy [Member]
Goodwill [Roll Forward]
Goodwill Beginning balance	55,700
Goodwill, Measurement Period Adjustment	55
Goodwill, Foreign Currency Translation Gain (Loss)	(1,920)
Goodwill Ending balance	53,835
Engineered Films [Member]
Goodwill [Roll Forward]
Goodwill Beginning balance	33,232
Goodwill, Measurement Period Adjustment	0
Goodwill, Foreign Currency Translation Gain (Loss)	0
Goodwill Ending balance	33,232
Aerostar [Member]
Goodwill [Roll Forward]
Goodwill Beginning balance	634
Goodwill, Measurement Period Adjustment	0
Goodwill, Foreign Currency Translation Gain (Loss)	0
Goodwill Ending balance	$ 634

Goodwill, Long-lived Assets a_4

Goodwill, Long-lived Assets and Other Intangibles Long-lived Assets and Other Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss	$ 0	$ 0
Finite-Lived Intangible Assets, Accumulated Amortization	(17,631)		$ (17,018)
Intangible Assets, Gross (Excluding Goodwill)	61,457		63,235
Intangible assets, net	43,826		46,217
Indefinite-live In-process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	0		0
Indefinite-lived Intangible Assets (Excluding Goodwill)	29,521		31,300
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	9,174		9,190
Finite-Lived Intangible Assets, Accumulated Amortization	(7,817)		(7,706)
Finite-Lived Intangible Assets, Net	1,357		1,484
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	16,059		16,067
Finite-Lived Intangible Assets, Accumulated Amortization	(7,205)		(6,868)
Finite-Lived Intangible Assets, Net	8,854		9,199
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	6,703		6,678
Finite-Lived Intangible Assets, Accumulated Amortization	(2,609)		(2,444)
Finite-Lived Intangible Assets, Net	$ 4,094		$ 4,234

Employee Postretirement Benef_3

Employee Postretirement Benefits Employee Postretirement Benefits (Details) - Other Postretirement Benefit Plans, Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 9	$ 7
Interest cost	70	83
Amortization of actuarial losses	43	24
Amortization of unrecognized prior service cost (Credit)	(40)	(40)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 82	$ 74

Warranties (Details)

Warranties (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Product Warranty Accrual [Roll Forward]
Beginning balance	$ 2,019	$ 890
Change in provision	390	822
Settlements made	(803)	(321)
Ending balance	$ 1,606	$ 1,391

Financing Arrangements (Details

Financing Arrangements (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)numberOfInstallmentPayments	Sep. 20, 2019USD ($)
Bank of America [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Initiation Date	Sep. 20, 2019
Borrowing capacity under line of credit		$ 100,000
Maturity date of the line of credit	Sep. 20, 2022
Proceeds from Lines of Credit	$ 50,000
Line of Credit Facility, Interest Rate at Period End	1.80%
Remaining borrowing capacity under the line of credit	$ 50,000
WEDC [Member]
Line of Credit Facility [Line Items]
Borrowing capacity under line of credit	$ 5,000
Number of Monthly installments to pay | numberOfInstallmentPayments	60
Interest rate at a future date	3.00%
Other Long-term Debt	$ 364
Repayments of Lines of Credit	$ 0

Financing Arrangements Unamorti

Financing Arrangements Unamortized debt Issuance costs (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Line of Credit Facility [Line Items]
Unamortized debt issuance costs	$ 194	$ 215

Financing Arrangements Letters

Financing Arrangements Letters of Credit Outstanding (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount	$ 50	$ 50

Debt Maturities (Details)

Debt Maturities (Details) $ in Thousands	Apr. 30, 2020USD ($)
Debt Disclosure [Abstract]
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	$ 0
Long-term Debt, Maturities, Repayments of Principal in Year Two	0
Long-term Debt, Maturities, Repayments of Principal in Year Three	50,000
Long-term Debt, Maturities, Repayments of Principal in Year Four	364
Long-term Debt, Maturities, Repayments of Principal in Year Five	0
Long-term Debt, Maturities, Repayments of Principal after Year Five	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - Charitable Gift [Member] $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)
Loss Contingencies [Line Items]
Long-term Purchase Commitment, Amount	$ 5,000
Loss Contingency Accrual	2,631
Cumulative Loss Contingency Accrual, Payments	2,145
Accrued Liabilities [Member]
Loss Contingencies [Line Items]
Loss Contingency, Accrual, Current	697
Other Noncurrent Liabilities [Member]
Loss Contingencies [Line Items]
Loss Contingency, Accrual, Noncurrent	$ 1,934

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Income Tax Contingency [Line Items]
Effective tax rate, percent	(13.80%)	12.20%
Total Discrete tax benefit (expense), net	$ 331	$ 1,168

Dividends and Treasury Stock (D

Dividends and Treasury Stock (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2015
Stockholders' Equity Note [Abstract]
Stock Repurchase Program, Authorized Amount	$ 75,000		$ 40,000
Shares repurchased, Treasury Stock	0	60,700
Payments for Repurchase of Common Stock	$ 0	$ 2,281
Unpaid repurchases of common stock	0	$ 0
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 17,179

Dividends and Treasury Stock Di

Dividends and Treasury Stock Dividends paid (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Stockholders' Equity Note [Abstract]
Payments of Ordinary Dividends, Common Stock	$ 4,658	$ 4,682
Cash dividends paid per common share (in dollars per share)	$ 0.130	$ 0.130
Dividends Payable	$ 0	$ 0

Share Based Compensation (Detai

Share Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Cost of Sales [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	$ 80	$ 76
Research and Development Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	374	35
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	1,042	671
Operating Income (Loss) [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expensed and Capitalized, Amount	$ 1,496	$ 782

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Segment Reporting Information [Line Items]
Net sales	$ 86,496	$ 98,178
Administrative and general expenses	(6,940)	(6,475)
Operating income	3,939	15,121
Applied Technology [Member]
Segment Reporting Information [Line Items]
Net sales	42,007	41,725
Operating income	8,939	13,236
Engineered Films [Member]
Segment Reporting Information [Line Items]
Net sales	33,398	44,292
Operating income	1,607	6,363
Aerostar [Member]
Segment Reporting Information [Line Items]
Net sales	11,151	12,190
Operating income	293	1,996
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(60)	(29)
Operating income	40	1
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Net sales	86,496	98,178
Operating income	$ 10,879	$ 21,596