Raven Industries (RAVN) 10-Q 24 Nov 20 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended	9 Months Ended
	Oct. 31, 2020	Oct. 31, 2020	Nov. 20, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 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	Q3
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			35,853,785
Entity Shell Company	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2020	Jan. 31, 2020
Current assets
Cash and cash equivalents	$ 38,217	$ 20,707
Accounts receivable, net	54,224	62,552
Inventories, net	44,674	53,899
Other current assets	4,938	5,436
Total current assets	142,053	142,594
Property, plant and equipment, net	104,596	100,850
Goodwill	105,925	106,509
Intangible assets, net	44,083	46,217
Other assets	11,123	7,087
TOTAL ASSETS	407,780	403,257
Current liabilities
Accounts payable	19,314	14,893
Accrued liabilities	22,986	20,743
Other current liabilities	2,941	2,287
Total current liabilities	45,241	37,923
Long-term debt	1,900	225
Other liabilities	32,944	29,161
Liabilities, Total	80,085	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 67,516 and 67,436, respectively	67,516	67,436
Paid-in capital	65,954	61,508
Retained earnings	311,393	302,300
Accumulated other comprehensive loss	(5,985)	(5,415)
Treasury stock at cost, 31,665 and 31,665 shares, respectively	(111,183)	(111,183)
Total shareholders' equity	327,695	314,646
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 407,780	$ 403,257
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [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)	67,516,000	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 ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Income Statement [Abstract]
Net sales	$ 96,607,000	$ 100,533,000	$ 268,282,000	$ 296,769,000
Cost of sales	62,083,000	70,229,000	175,159,000	200,061,000
Gross profit	34,524,000	30,304,000	93,123,000	96,708,000
Research and development expenses	10,949,000	7,662,000	32,262,000	22,000,000
Selling, general, and administrative expenses	14,284,000	11,310,000	41,488,000	37,685,000
Operating income	9,291,000	11,332,000	19,373,000	37,023,000
Other income (expense), net	(423,000)	84,000	(514,000)	398,000
Income before income taxes	8,868,000	11,416,000	18,859,000	37,421,000
Income tax expense	140,000	1,483,000	363,000	5,512,000
Net income	8,728,000	9,933,000	18,496,000	31,909,000
Net loss attributable to redeemable noncontrolling interest and noncontrolling interest	0	(1,000)	(98,000)	(1,000)
Net income attributable to Raven Industries, Inc.	$ 8,728,000	$ 9,934,000	$ 18,594,000	$ 31,910,000
Net income per common share:
Basic (in dollars per share)	$ 0.24	$ 0.28	$ 0.52	$ 0.89
Diluted (in dollars per share)	$ 0.24	$ 0.28	$ 0.51	$ 0.88
Comprehensive income:
Net income	$ 8,728,000	$ 9,933,000	$ 18,496,000	$ 31,909,000
Other comprehensive income (loss):
Foreign currency translation	148,000	(40,000)	(563,000)	(343,000)
Postretirement benefits, net of income tax benefit of $1, $4, $3 and $11, respectively	(2,000)	(12,000)	(7,000)	(37,000)
Other comprehensive income (loss), net of tax	146,000	(52,000)	(570,000)	(380,000)
Comprehensive income	8,874,000	9,881,000	17,926,000	31,529,000
Comprehensive loss attributable to redeemable noncontrolling interest and noncontrolling interest	0	(1,000)	(98,000)	(1,000)
Comprehensive income attributable to Raven Industries, Inc.	8,874,000	9,882,000	18,024,000	31,530,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 1,000	$ 4,000	$ 3,000	$ 11,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	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]	redeemable noncontrolling interest [Member]
Balance at beginning of period at Jan. 31, 2019	$ 308,957,000	$ 67,289,000	$ 59,655,000	$ (100,402,000)	$ 285,969,000	$ (3,556,000)	$ 308,955,000	$ 2,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	31,909,000				31,910,000		31,910,000	(1,000)
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	(343,000)					(343,000)	(343,000)
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(37,000)					(37,000)	(37,000)
Cash dividends	(14,001,000)		146,000		(14,147,000)		(14,001,000)
Shares issued on stock options exercised, net of shares withheld for employee taxes	(706,000)	29,000	(735,000)				(706,000)
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(2,358,000)	106,000	(2,464,000)				(2,358,000)
Stock Repurchased and Retired During Period, Value	10,781,000			10,781,000			10,781,000
Share-based compensation	3,539,000		3,539,000				3,539,000
Balance at end of period at Oct. 31, 2019	$ 316,179,000	67,424,000	60,141,000	(111,183,000)	303,732,000	(3,936,000)	316,178,000	1,000
Other comprehensive income (loss):
Common Stock, Dividends, Per Share, Declared	$ 0.39
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 11,000
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 Oct. 31, 2019									0
Balance at beginning of period at Jul. 31, 2019	314,978,000	67,420,000	59,127,000	(106,183,000)	298,496,000	(3,884,000)	314,976,000	2,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	9,933,000				9,934,000		9,934,000	(1,000)
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	(40,000)					(40,000)	(40,000)
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(12,000)					(12,000)	(12,000)
Cash dividends	(4,648,000)		50,000		(4,698,000)		(4,648,000)
Shares issued on stock options exercised, net of shares withheld for employee taxes	15,000	0	15,000				15,000
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(38,000)	4,000	(42,000)				(38,000)
Stock Repurchased and Retired During Period, Value	5,000,000			5,000,000			5,000,000
Share-based compensation	991,000		991,000				991,000
Balance at end of period at Oct. 31, 2019	$ 316,179,000	67,424,000	60,141,000	(111,183,000)	303,732,000	(3,936,000)	$ 316,178,000	$ 1,000
Other comprehensive income (loss):
Common Stock, Dividends, Per Share, Declared	$ 0.13
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 4,000
Temporary Equity, Carrying Amount, Beginning Balance at Jul. 31, 2019									0
Increase (Decrease) in Temporary Equity [Roll Forward]
Net Income									0
Temporary Equity, Carrying Amount, Ending Balance at Oct. 31, 2019									0
Balance at beginning of period at Jan. 31, 2020	314,646,000	67,436,000	61,508,000	(111,183,000)	302,300,000	(5,415,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	18,594,000				18,594,000
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	(563,000)					(563,000)
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(7,000)					(7,000)
Reclassification and Redeption of Noncontrolling Interest (see Note 6)	215,000		215,000
Cash dividends	(9,318,000)		183,000		(9,501,000)
Shares issued on stock options exercised, net of shares withheld for employee taxes	(184,000)	15,000	(199,000)
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(666,000)	56,000	(722,000)
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture	0	9,000	(9,000)
Share-based compensation	4,978,000		4,978,000
Balance at end of period at Oct. 31, 2020	$ 327,695,000	67,516,000	65,954,000	(111,183,000)	311,393,000	(5,985,000)
Other comprehensive income (loss):
Common Stock, Dividends, Per Share, Declared	$ 0.26
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 3,000
Temporary Equity, Carrying Amount, Beginning Balance at Jan. 31, 2020									21,302,000
Increase (Decrease) in Temporary Equity [Roll Forward]
Net Income									(98,000)
Recalassification and Redemption of Noncontrolling Interest (see Note 6)									(21,204,000)
Temporary Equity, Carrying Amount, Ending Balance at Oct. 31, 2020									0
Balance at beginning of period at Jul. 31, 2020	317,551,000	67,510,000	64,690,000	(111,183,000)	302,665,000	(6,131,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	8,728,000				8,728,000
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	148,000					148,000
Postretirement benefits reclassified from accumulated other comprehensive income (loss) after tax (expense) benefit	(2,000)					(2,000)
Shares issued on stock options exercised, net of shares withheld for employee taxes	(71,000)	4,000	(75,000)
Shares issued on vesting of stock units, net of shares withheld for employee taxes	(28,000)	2,000	(30,000)
Share-based compensation	1,369,000		1,369,000
Balance at end of period at Oct. 31, 2020	327,695,000	$ 67,516,000	$ 65,954,000	$ (111,183,000)	$ 311,393,000	$ (5,985,000)
Other comprehensive income (loss):
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 1,000
Temporary Equity, Carrying Amount, Beginning Balance at Jul. 31, 2020									0
Increase (Decrease) in Temporary Equity [Roll Forward]
Net Income									0
Temporary Equity, Carrying Amount, Ending Balance at Oct. 31, 2020									$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
OPERATING ACTIVITIES:
Net income	$ 18,496	$ 31,909
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,829	12,124
Change in fair value of acquisition-related contingent consideration	(183)	343
Deferred income taxes	(3,586)	1,706
Share-based compensation expense	4,978	3,539
Other operating activities, net	(136)	(229)
Change in operating assets and liabilities:
Accounts receivable	6,142	(8,406)
Inventories	6,556	1,932
Other assets	(130)	2,592
Operating liabilities	10,134	1,568
Net cash provided by operating activities	55,100	47,078
INVESTING ACTIVITIES:
Capital expenditures	(10,931)	(6,143)
Proceeds from sale or maturity of Investments	586	993
Purchases of investments	(227)	(934)
Proceeds from sale of assets	251	3,459
Other investing activities	(272)	(3,208)
Net cash used in investing activities	(10,593)	(5,833)
FINANCING ACTIVITIES:
Dividends paid	(9,318)	(14,001)
Payments for common shares repurchased	0	(10,781)
Proceeds from debt	51,685	0
Repayments of debt	(50,000)	0
Payments for redeemable noncontrolling interest	(17,853)	0
Payment of acquisition-related contingent liabilities	0	(1,308)
Restricted stock units vested and issued	(666)	(2,358)
Employee stock options exercises	(184)	(706)
Other financing activities	(319)	(716)
Net cash used in financing activities	(26,655)	(29,870)
Effect of Exchange Rate on Cash and Cash Equivalents	(342)	(68)
Net Increase in Cash and Cash Equivalents	17,510	11,307
Cash and Cash Equivalents, Beginning Balance	20,707	65,787
Cash and Cash Equivalents, Ending Balance	38,217	77,094
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Capital expenditures converted from inventories	$ 2,960	$ 0

Balance Sheet Information

Balance Sheet Information	9 Months Ended
	Oct. 31, 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: October 31, 2020 January 31, 2020 Accounts receivable, net: Trade accounts $ 53,099 $ 56,978 Unbilled receivables 3,217 6,954 Allowance for doubtful accounts (2,092) (1,380) $ 54,224 $ 62,552 Inventories, net: Finished goods $ 5,992 $ 6,309 In process 1,356 3,287 Materials 37,326 44,303 $ 44,674 $ 53,899 Other current assets: Insurance policy benefit $ — $ 38 Income tax receivable 858 1,370 Prepaid expenses and other 4,080 4,028 $ 4,938 $ 5,436 Property, plant and equipment, net: (a) Land $ 3,117 $ 3,117 Buildings and improvements 84,010 80,330 Machinery and equipment 164,599 158,354 Financing lease right-of-use assets 1,207 881 252,933 242,682 Accumulated depreciation (148,337) (141,832) $ 104,596 $ 100,850 Other assets: Equity investments $ 1,452 $ 1,289 Operating lease right-of-use assets 7,638 4,275 Deferred income taxes 65 16 Other 1,968 1,507 $ 11,123 $ 7,087 Accrued liabilities: Salaries and related $ 5,925 $ 4,188 Benefits 5,888 5,339 Insurance obligations 1,935 1,680 Warranties 1,519 2,019 Income taxes 279 293 Other taxes 1,843 1,734 Acquisition-related contingent consideration — 763 Lease liability 2,490 2,530 Other 3,107 2,197 $ 22,986 $ 20,743 Other liabilities: Postretirement benefits $ 8,787 $ 8,741 Acquisition-related contingent consideration 2,254 2,171 Lease liability 5,936 2,627 Deferred income taxes 2,460 7,080 Uncertain tax positions 2,618 2,606 Other 10,889 5,936 $ 32,944 $ 29,161 (a) Includes assets held for use and assets held for sale. The amount of assets held for sale at October 31, 2020, and January 31, 2020, were not material.

Net Income per Share

Net Income per Share	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Anti-dilutive options and restricted stock units 263,505 101,384 265,377 21,444 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. $ 8,728 $ 9,934 $ 18,594 $ 31,910 Denominator: Weighted average common shares outstanding 35,849,310 35,785,460 35,828,586 35,893,714 Weighted average fully vested stock units outstanding 151,971 128,604 146,377 120,691 Denominator for basic calculation 36,001,281 35,914,064 35,974,963 36,014,405 Weighted average common shares outstanding 35,849,310 35,785,460 35,828,586 35,893,714 Weighted average fully vested stock units outstanding 151,971 128,604 146,377 120,691 Dilutive impact of stock options and restricted stock units 150,097 176,850 142,708 236,222 Denominator for diluted calculation 36,151,378 36,090,914 36,117,671 36,250,627 Net income per share ─ basic $ 0.24 $ 0.28 $ 0.52 $ 0.89 Net income per share ─ diluted $ 0.24 $ 0.28 $ 0.51 $ 0.88

Balance Sheet

Balance Sheet	9 Months Ended
	Oct. 31, 2020
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, 2020 January 31, 2020 Accounts receivable, net: Trade accounts $ 53,099 $ 56,978 Unbilled receivables 3,217 6,954 Allowance for doubtful accounts (2,092) (1,380) $ 54,224 $ 62,552 Inventories, net: Finished goods $ 5,992 $ 6,309 In process 1,356 3,287 Materials 37,326 44,303 $ 44,674 $ 53,899 Other current assets: Insurance policy benefit $ — $ 38 Income tax receivable 858 1,370 Prepaid expenses and other 4,080 4,028 $ 4,938 $ 5,436 Property, plant and equipment, net: (a) Land $ 3,117 $ 3,117 Buildings and improvements 84,010 80,330 Machinery and equipment 164,599 158,354 Financing lease right-of-use assets 1,207 881 252,933 242,682 Accumulated depreciation (148,337) (141,832) $ 104,596 $ 100,850 Other assets: Equity investments $ 1,452 $ 1,289 Operating lease right-of-use assets 7,638 4,275 Deferred income taxes 65 16 Other 1,968 1,507 $ 11,123 $ 7,087 Accrued liabilities: Salaries and related $ 5,925 $ 4,188 Benefits 5,888 5,339 Insurance obligations 1,935 1,680 Warranties 1,519 2,019 Income taxes 279 293 Other taxes 1,843 1,734 Acquisition-related contingent consideration — 763 Lease liability 2,490 2,530 Other 3,107 2,197 $ 22,986 $ 20,743 Other liabilities: Postretirement benefits $ 8,787 $ 8,741 Acquisition-related contingent consideration 2,254 2,171 Lease liability 5,936 2,627 Deferred income taxes 2,460 7,080 Uncertain tax positions 2,618 2,606 Other 10,889 5,936 $ 32,944 $ 29,161 (a) Includes assets held for use and assets held for sale. The amount of assets held for sale at October 31, 2020, and January 31, 2020, were not material.

Tables

Tables	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Anti-dilutive options and restricted stock units 263,505 101,384 265,377 21,444
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. $ 8,728 $ 9,934 $ 18,594 $ 31,910 Denominator: Weighted average common shares outstanding 35,849,310 35,785,460 35,828,586 35,893,714 Weighted average fully vested stock units outstanding 151,971 128,604 146,377 120,691 Denominator for basic calculation 36,001,281 35,914,064 35,974,963 36,014,405 Weighted average common shares outstanding 35,849,310 35,785,460 35,828,586 35,893,714 Weighted average fully vested stock units outstanding 151,971 128,604 146,377 120,691 Dilutive impact of stock options and restricted stock units 150,097 176,850 142,708 236,222 Denominator for diluted calculation 36,151,378 36,090,914 36,117,671 36,250,627 Net income per share ─ basic $ 0.24 $ 0.28 $ 0.52 $ 0.89 Net income per share ─ diluted $ 0.24 $ 0.28 $ 0.51 $ 0.88

Selected Balance Sheet Informat

Selected Balance Sheet Information - USD ($) $ in Thousands	Oct. 31, 2020	Jan. 31, 2020
Accounts receivable, net:
Accounts receivable, net	$ 54,224	$ 62,552
Inventories, net:
Finished goods	5,992	6,309
In process	1,356	3,287
Materials	37,326	44,303
Inventories, net	44,674	53,899
Other current assets:
Insurance policy benefit	0	38
Income tax receivable	858	1,370
Prepaid Expense and other	4,080	4,028
Other Assets, Current	4,938	5,436
Property, plant and equipment, net:
Land	3,117	3,117
Buildings and Improvements	84,010	80,330
Machinery and Equipment	164,599	158,354
Financing Lease Right-of-Use Asset	1,207	881
Property, Plant and Equipment, Gross, Total	252,933	242,682
Accumulated depreciation	(148,337)	(141,832)
Property, Plant and Equipment, Net, Total	104,596	100,850
Other Assets (Noncurrent):
Equity investments	1,452	1,289
Operating Lease, Right-of-Use Asset	7,638	4,275
Deferred Income Taxes	65	16
Other	1,968	1,507
Other assets	11,123	7,087
Accrued liabilities:
Salaries and related	5,925	4,188
Benefits	5,888	5,339
Insurance obligations	1,935	1,680
Warranties	1,519	2,019
Income Taxes	279	293
Other taxes	1,843	1,734
Acquisition-related contingent consideration liability, current	0	763
Lease liability, current	2,490	2,530
Other	3,107	2,197
Accrued Liabilities	22,986	20,743
Other liabilities:
Postretirement benefits	8,787	8,741
Acquisition-related contingent consideration liability, long-term	2,254	2,171
Lease liability, noncurrent	5,936	2,627
Deferred Income Tax Liabilities, Net	2,460	7,080
Uncertain tax positions	2,618	2,606
Other, Noncurrent	10,889	5,936
Other Liabilities, Noncurrent	32,944	29,161
Allowance for uncollectable Account Receivable[Member]
Accounts receivable, net:
Trade accounts	53,099	56,978
Unbilled receivables	3,217	6,954
Allowance for doubtful accounts	(2,092)	(1,380)
Accounts receivable, net	$ 54,224	$ 62,552

Net Income per Share (Antidilut

Net Income per Share (Antidiluted Securities Excluded from Computation) Details - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in options and restricted units)	263,505	101,384	265,377	21,444

Net Income per Share (Calculati

Net Income per Share (Calculation of Numerator and Denominator) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Numerator:
Net income attributable to Raven Industries, Inc.	$ 8,728	$ 9,934	$ 18,594	$ 31,910
Denominator:
Weighted average common shares outstanding (in shares)	35,849,310	35,785,460	35,828,586	35,893,714
Weighted average fully vested stock units outstanding (in shares)	151,971	128,604	146,377	120,691
Denominator for basic calculation (in shares)	36,001,281	35,914,064	35,974,963	36,014,405
Weighted average common shares outstanding (in shares)	35,849,310	35,785,460	35,828,586	35,893,714
Weighted average fully vested stock units outstanding (in shares)	151,971	128,604	146,377	120,691
Dilutive impact of stock options and restricted units (in shares)	150,097	176,850	142,708	236,222
Denominator for diluted calculation (in shares)	36,151,378	36,090,914	36,117,671	36,250,627
Net income per share - basic (in dollars per share)	$ 0.24	$ 0.28	$ 0.52	$ 0.89
Net income per share - diluted (in dollars per share)	$ 0.24	$ 0.28	$ 0.51	$ 0.88

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	9 Months Ended
	Oct. 31, 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 and 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- and nine-month periods ended October 31, 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 fourth quarter of fiscal 2020. 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 second quarter of fiscal 2021, the Company closed on the transaction to purchase the shares of the largest minority interest shareholder for $17,853, giving the Company full voting control of DOT. The majority ownership in DOT and redeemable noncontrolling interest is further described in Note 6 "Acquisitions and Divestitures of 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 the largest minority interest shareholder of DOT. All of the shares formerly held by this minority interest shareholder were acquired in the second quarter of fiscal 2021 and are owned by Raven; therefore, no transactions with this previous shareholder during the three-month period ended October 31, 2020 are considered related party transactions. The total of the related party transactions was $1,954 for the six-month period ended July 31, 2020, none of which was in accounts payable at October 31, 2020.

Summary of Significant Accounti

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Notes)	9 Months Ended
	Oct. 31, 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 first quarter of fiscal 2021, 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 first quarter of fiscal 2021, 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 2021. New Accounting Standards Not Yet Adopted

Revenue (Notes)

Revenue (Notes)	9 Months Ended
	Oct. 31, 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 October 31, 2020 Three Months Ended October 31, 2019 ATD EFD AERO ELIM (a) Total ATD EFD AERO ELIM (a) Total Lighter-than-Air Domestic $ — $ — $ 14,849 $ — $ 14,849 $ — $ — $ 11,071 $ — $ 11,071 International — — 2 — 2 — — — — — Plastic Films & Sheeting Domestic — 40,466 — (6) 40,460 — 54,673 — (33) 54,640 International — 3,299 — — 3,299 — 1,733 — — 1,733 Precision Agriculture Equipment Domestic 27,599 — — — 27,599 22,957 — — (1) 22,956 International 7,239 — — — 7,239 5,543 — — — 5,543 Other Domestic — — 3,158 — 3,158 — — 4,577 — 4,577 International — — 1 — 1 — — 13 — 13 Totals $ 34,838 $ 43,765 $ 18,010 $ (6) $ 96,607 $ 28,500 $ 56,406 $ 15,661 $ (34) $ 100,533 Nine Months Ended October 31, 2020 Nine Months Ended October 31, 2019 ATD EFD AERO ELIM (a) Total ATD EFD AERO ELIM (a) Total Lighter-than-Air Domestic $ — $ — $ 30,939 $ — $ 30,939 $ — $ — $ 26,230 $ — $ 26,230 International — — 48 — 48 — — 49 — 49 Plastic Films & Sheeting Domestic — 103,500 — (104) 103,396 — 151,278 — (80) 151,198 International — 9,915 — — 9,915 — 6,936 — — 6,936 Precision Agriculture Equipment Domestic 86,460 — — (2) 86,458 72,915 — — (1) 72,914 International 25,887 — — — 25,887 24,681 — — — 24,681 Other Domestic — — 11,633 — 11,633 — — 14,665 — 14,665 International — — 6 — 6 — — 96 — 96 Totals $ 112,347 $ 113,415 $ 42,626 $ (106) $ 268,282 $ 97,596 $ 158,214 $ 41,040 $ (81) $ 296,769 (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 nine months ended October 31, 2020, the Company’s contract assets decreased by $3,747 while contract liabilities increased by $653, 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: October 31, January 31, $ Change % Change Contract assets $ 3,778 $ 7,525 $ (3,747) (49.8) % Contract liabilities 2,941 $ 2,288 $ 653 28.5 % Remaining Performance Obligations As of October 31, 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- and nine-month periods ending October 31, 2020, were not material.

Acquisitions and Divestitures o

Acquisitions and Divestitures of and Investments in Businesses and Technologies	9 Months Ended
	Oct. 31, 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 or divestitures in the three- and nine-month periods ended October 31, 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, located in Regina, Saskatchewan, Canada, 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 Sheet 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 2020, excluding the noncontrolling interest. During the first quarter of fiscal 2021, certain minority interest shareholders in DOT exercised their put options, requiring the Company to redeem the remaining noncontrolling interest in DOT. The Company closed on the transaction to purchase the shares of the largest minority shareholder for $17,853 in the second quarter of fiscal 2021. The remaining redeemable amount, as well as the liability for the noncontrolling interest redeemed in the prior fiscal year, totaling approximately $5,087, is payable in November 2021 and is classified as "Other Liabilities" in the Consolidated Balance Sheet at October 31, 2020. The Company completed the valuation of intangible assets and pre-acquisition tax filings during the first and second quarters of fiscal 2021. The following adjustments were made to the purchase price allocation during the six months ended July 31, 2020: Previously Reported Measurement Period Adjustments Adjusted Balance Goodwill $ 56,022 $ (440) $ 55,582 Intangibles, net 31,800 (600) 31,200 Deferred income taxes (4,158) 1,005 (3,153) Accounts payable and other current liabilities (1,462) 35 (1,427) $ — Identifiable intangible assets acquired were primarily indefinite-lived intangible assets for in-process research and development. Amortization of these indefinite-lived intangible assets will start when the current in-process research and development project is complete and the product is commercialized. 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 Nine Months Ended October 31, 2019 October 31, 2019 Net sales $ 100,905 $ 297,651 Net income attributable to Raven Industries, Inc. $ 7,864 $ 25,862 Earnings per common share Basic $ 0.22 $ 0.72 Diluted $ 0.22 $ 0.71 Acquisition-related Contingent Consideration The Company has a contingent liability related to the acquisition of AgSync, Inc. (AgSync) in fiscal 2019. The Company also had contingent liabilities related to the acquisitions of 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; both of which were settled in the current fiscal year. 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 Nine Months Ended October 31, October 31, October 31, October 31, Beginning balance $ 2,459 $ 3,579 $ 2,934 $ 4,172 Fair value of contingent consideration acquired — — — 310 Change in fair value of the liability 29 100 (183) 343 Contingent consideration earn-out paid (234) (723) (497) (1,869) Ending balance $ 2,254 $ 2,956 $ 2,254 $ 2,956 Classification of liability in the consolidated balance sheet Accrued liabilities $ — $ 813 $ — $ 813 Other liabilities, long-term 2,254 2,143 2,254 2,143 Balance at October 31 $ 2,254 $ 2,956 $ 2,254 $ 2,956 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 October 31, 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. The Company made its final payment related to this agreement in the third quarter of fiscal 2021 and has no further contingent obligations related to the acquisition of CLI. Cumulatively, the Company paid a total of $1,567 related to this 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 Nine Months Ended October 31, October 31, October 31, October 31, Beginning balance $ 2,459 $ 3,579 $ 2,934 $ 4,172 Fair value of contingent consideration acquired — — — 310 Change in fair value of the liability 29 100 (183) 343 Contingent consideration earn-out paid (234) (723) (497) (1,869) Ending balance $ 2,254 $ 2,956 $ 2,254 $ 2,956 Classification of liability in the consolidated balance sheet Accrued liabilities $ — $ 813 $ — $ 813 Other liabilities, long-term 2,254 2,143 2,254 2,143 Balance at October 31 $ 2,254 $ 2,956 $ 2,254 $ 2,956

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, 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- and nine-month periods ending October 31, 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 — (440) — — (440) Foreign currency translation adjustment 145 (289) — — (144) Balance at October 31, 2020 $ 17,088 $ 54,971 $ 33,232 $ 634 $ 105,925 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 summarizes the components of intangible assets, which are reported net on the Consolidated Balance Sheets: October 31, 2020 January 31, 2020 Accumulated Accumulated Amount amortization Net Amount amortization Net Existing technology $ 8,821 $ (8,137) $ 684 $ 9,190 $ (7,706) $ 1,484 Customer relationships 16,102 (7,901) 8,201 16,067 (6,868) 9,199 Patents and other intangibles 7,198 (2,945) 4,253 6,678 (2,444) 4,234 In-process research and development (a) 30,945 — 30,945 31,300 — 31,300 Total $ 63,066 $ (18,983) $ 44,083 $ 63,235 $ (17,018) $ 46,217 (a) Refer to Note 6 "Acquisitions and Divestitures Of 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	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Service cost $ 9 $ 7 $ 27 $ 21 Interest cost 70 83 210 250 Amortization of actuarial losses 43 24 129 72 Amortization of unrecognized gains in prior service cost (40) (40) (120) (120) Net periodic benefit cost $ 82 $ 74 $ 246 $ 223 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	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Beginning balance $ 1,609 $ 1,739 $ 2,019 $ 890 Change in provision 299 1,184 1,299 3,038 Settlements made (389) (939) (1,799) (1,944) Ending balance $ 1,519 $ 1,984 $ 1,519 $ 1,984

Debt Arrangements

Debt Arrangements	9 Months Ended
	Oct. 31, 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. Loans or borrowings defined under the Credit Agreement accrue interest and fees at varying rates. The Credit Agreement includes 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. As of October 31, 2020, the Company has no outstanding borrowings under the Credit Agreement. The Company has $100,000 in availability under the Credit Agreement as of October 31, 2020. The unamortized debt issuance costs associated with the Credit Agreement were as follows: October 31, 2020 January 31, 2020 Unamortized debt issuance costs (a) $ 154 $ 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: October 31, 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 Divestitures of 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 in Canadian dollars, approximately $4,000 in US dollars, 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 October 31, 2020, the Company had received $1,900 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. No interest expense is being recorded prior to the interest start date. At October 31, 2020, the Company's debt maturities based on outstanding principal were as follows: 2021 2022 2023 2024 2025 Thereafter Maturities of debt $ — $ — $ — $ 1,900 $ — $ —

Commitments and Contingencies D

Commitments and Contingencies Disclosure	9 Months Ended
	Oct. 31, 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, the 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 will make a $5,000 gift to the Foundation, conditional on certain actions. The fair value of this contingency at October 31, 2020, was $2,682 (measured based on the present value of the expected future cash outflows), of which $710 was classified as "Accrued liabilities" and $1,972 was classified as "Other liabilities." As of October 31, 2020, the Company has made payments related to the commitment totaling $2,145.

Income Tax Income Tax Disclosur

Income Tax Income Tax Disclosure	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Effective tax rate 1.6 % 13.0 % 1.9 % 14.7 % 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 Nine Months Ended October 31, October 31, October 31, October 31, Discrete tax benefit $ 303 $ 268 $ 580 $ 1,336

Dividends and Treasury Stock

Dividends and Treasury Stock	9 Months Ended
	Oct. 31, 2020
Stockholders' Equity Note [Abstract]
Dividends and Treasury Stock	DIVIDENDS AND TREASURY STOCK On August 26, 2020 , the Company announced that the board of directors indefinitely suspended the Company’s regular quarterly cash dividend on its common stock . Dividends paid to Raven shareholders were as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Dividends paid (a) $ — $ 4,648 $ 9,318 $ 14,001 Dividends paid per share (in cents per share) (a) — 13.0 26.0 39.0 (a) There were no declared and unpaid shareholder dividends at October 31, 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. The Company had no share repurchases in the three- and nine-month periods ended October 31, 2020. Pursuant to the aforementioned authorizations, the Company repurchased 169,474 and 332,651 shares in the three- and nine-month periods ended October 31, 2019. These purchases totaled $5,000 and $10,781, respectively. There were no share repurchases unpaid at October 31, 2020 or 2019. The remaining dollar value authorized for share repurchases at October 31, 2020 is $17,179 .

Share Based Compensation

Share Based Compensation	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, 2020 October 31, 2019 October 31, 2020 October 31, 2019 Cost of sales $ 64 $ 98 $ 182 $ 273 Research and development expenses 369 41 1,126 122 Selling, general, and administrative expenses 936 852 3,670 3,144 Total share-based compensation expense $ 1,369 $ 991 $ 4,978 $ 3,539

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Net sales Applied Technology $ 34,838 $ 28,500 $ 112,347 $ 97,596 Engineered Films 43,765 56,406 113,415 158,214 Aerostar 18,010 15,661 42,626 41,040 Intersegment eliminations (a) (6) (34) (106) (81) Consolidated net sales $ 96,607 $ 100,533 $ 268,282 $ 296,769 Operating income (b) Applied Technology $ 5,797 $ 7,035 $ 21,247 $ 25,120 Engineered Films 7,321 8,474 13,393 24,987 Aerostar 2,777 2,488 4,821 7,427 Intersegment eliminations 9 (12) 60 (10) Total reportable segment income 15,904 17,985 39,521 57,524 General and administrative expenses (b) (6,613) (6,653) (20,148) (20,501) Consolidated operating income $ 9,291 $ 11,332 $ 19,373 $ 37,023 (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)	9 Months Ended
	Oct. 31, 2020
Subsequent Events [Abstract]
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)	9 Months Ended
	Oct. 31, 2020
New Accounting Standards [Abstract]
New Accounting Pronouncements, Policy	Accounting Standards Adopted In the first quarter of fiscal 2021, 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 first quarter of fiscal 2021, 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 2021.
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	New Accounting Standards Not Yet AdoptedThere are no significant ASU's issued and not yet adopted as of October 31, 2020.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Oct. 31, 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 October 31, 2020 Three Months Ended October 31, 2019 ATD EFD AERO ELIM (a) Total ATD EFD AERO ELIM (a) Total Lighter-than-Air Domestic $ — $ — $ 14,849 $ — $ 14,849 $ — $ — $ 11,071 $ — $ 11,071 International — — 2 — 2 — — — — — Plastic Films & Sheeting Domestic — 40,466 — (6) 40,460 — 54,673 — (33) 54,640 International — 3,299 — — 3,299 — 1,733 — — 1,733 Precision Agriculture Equipment Domestic 27,599 — — — 27,599 22,957 — — (1) 22,956 International 7,239 — — — 7,239 5,543 — — — 5,543 Other Domestic — — 3,158 — 3,158 — — 4,577 — 4,577 International — — 1 — 1 — — 13 — 13 Totals $ 34,838 $ 43,765 $ 18,010 $ (6) $ 96,607 $ 28,500 $ 56,406 $ 15,661 $ (34) $ 100,533 Nine Months Ended October 31, 2020 Nine Months Ended October 31, 2019 ATD EFD AERO ELIM (a) Total ATD EFD AERO ELIM (a) Total Lighter-than-Air Domestic $ — $ — $ 30,939 $ — $ 30,939 $ — $ — $ 26,230 $ — $ 26,230 International — — 48 — 48 — — 49 — 49 Plastic Films & Sheeting Domestic — 103,500 — (104) 103,396 — 151,278 — (80) 151,198 International — 9,915 — — 9,915 — 6,936 — — 6,936 Precision Agriculture Equipment Domestic 86,460 — — (2) 86,458 72,915 — — (1) 72,914 International 25,887 — — — 25,887 24,681 — — — 24,681 Other Domestic — — 11,633 — 11,633 — — 14,665 — 14,665 International — — 6 — 6 — — 96 — 96 Totals $ 112,347 $ 113,415 $ 42,626 $ (106) $ 268,282 $ 97,596 $ 158,214 $ 41,040 $ (81) $ 296,769
Contract with Customer, Asset and Liability [Table Text Block]	Changes in our contract assets and liabilities were as follows: October 31, January 31, $ Change % Change Contract assets $ 3,778 $ 7,525 $ (3,747) (49.8) % Contract liabilities 2,941 $ 2,288 $ 653 28.5 %

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Oct. 31, 2020
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The Company completed the valuation of intangible assets and pre-acquisition tax filings during the first and second quarters of fiscal 2021. The following adjustments were made to the purchase price allocation during the six months ended July 31, 2020: Previously Reported Measurement Period Adjustments Adjusted Balance Goodwill $ 56,022 $ (440) $ 55,582 Intangibles, net 31,800 (600) 31,200 Deferred income taxes (4,158) 1,005 (3,153) Accounts payable and other current liabilities (1,462) 35 (1,427) $ —
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 Nine Months Ended October 31, 2019 October 31, 2019 Net sales $ 100,905 $ 297,651 Net income attributable to Raven Industries, Inc. $ 7,864 $ 25,862 Earnings per common share Basic $ 0.22 $ 0.72 Diluted $ 0.22 $ 0.71

Goodwill, Long-lived Assets a_2

Goodwill, Long-lived Assets and Other Intangibles (Tables)	9 Months Ended
	Oct. 31, 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 — (440) — — (440) Foreign currency translation adjustment 145 (289) — — (144) Balance at October 31, 2020 $ 17,088 $ 54,971 $ 33,232 $ 634 $ 105,925
Schedule of Finite-Lived Intangible Assets [Table Text Block]	The following table summarizes the components of intangible assets, which are reported net on the Consolidated Balance Sheets: October 31, 2020 January 31, 2020 Accumulated Accumulated Amount amortization Net Amount amortization Net Existing technology $ 8,821 $ (8,137) $ 684 $ 9,190 $ (7,706) $ 1,484 Customer relationships 16,102 (7,901) 8,201 16,067 (6,868) 9,199 Patents and other intangibles 7,198 (2,945) 4,253 6,678 (2,444) 4,234 In-process research and development (a) 30,945 — 30,945 31,300 — 31,300 Total $ 63,066 $ (18,983) $ 44,083 $ 63,235 $ (17,018) $ 46,217 (a) Refer to Note 6 "Acquisitions and Divestitures Of 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)	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Service cost $ 9 $ 7 $ 27 $ 21 Interest cost 70 83 210 250 Amortization of actuarial losses 43 24 129 72 Amortization of unrecognized gains in prior service cost (40) (40) (120) (120) Net periodic benefit cost $ 82 $ 74 $ 246 $ 223

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Oct. 31, 2020
Product Warranties Disclosures [Abstract]
Warranties	Changes in the warranty accrual were as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Beginning balance $ 1,609 $ 1,739 $ 2,019 $ 890 Change in provision 299 1,184 1,299 3,038 Settlements made (389) (939) (1,799) (1,944) Ending balance $ 1,519 $ 1,984 $ 1,519 $ 1,984

Debt Arrangements (Tables)

Debt Arrangements (Tables)	9 Months Ended
	Oct. 31, 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: October 31, 2020 January 31, 2020 Unamortized debt issuance costs (a) $ 154 $ 215
Debt Instrument Redemption	At October 31, 2020, the Company's debt maturities based on outstanding principal were as follows: 2021 2022 2023 2024 2025 Thereafter Maturities of debt $ — $ — $ — $ 1,900 $ — $ —
Schedule of Line of Credit Facilities [Table Text Block]	Letters of credit (LOC) issued and outstanding were as follows: October 31, 2020 January 31, 2020 Letters of credit outstanding (a) $ 50 $ 50

Income Tax Effective tax rate (

Income Tax Effective tax rate (Tables)	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Effective tax rate 1.6 % 13.0 % 1.9 % 14.7 %
Discrete Tax Benefit (Expense) [Table Text Block]	Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Discrete tax benefit $ 303 $ 268 $ 580 $ 1,336

Dividends and Treasury Stock Ta

Dividends and Treasury Stock Tables (Tables)	9 Months Ended
	Oct. 31, 2020
Stockholders' Equity Note [Abstract]
Dividends Declared [Table Text Block]	Dividends paid to Raven shareholders were as follows: Three Months Ended Nine Months Ended October 31, October 31, October 31, October 31, Dividends paid (a) $ — $ 4,648 $ 9,318 $ 14,001 Dividends paid per share (in cents per share) (a) — 13.0 26.0 39.0 (a) There were no declared and unpaid shareholder dividends at October 31, 2020 or 2019.

Share Based Compensation (Table

Share Based Compensation (Tables)	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, 2020 October 31, 2019 October 31, 2020 October 31, 2019 Cost of sales $ 64 $ 98 $ 182 $ 273 Research and development expenses 369 41 1,126 122 Selling, general, and administrative expenses 936 852 3,670 3,144 Total share-based compensation expense $ 1,369 $ 991 $ 4,978 $ 3,539

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, October 31, October 31, October 31, Net sales Applied Technology $ 34,838 $ 28,500 $ 112,347 $ 97,596 Engineered Films 43,765 56,406 113,415 158,214 Aerostar 18,010 15,661 42,626 41,040 Intersegment eliminations (a) (6) (34) (106) (81) Consolidated net sales $ 96,607 $ 100,533 $ 268,282 $ 296,769 Operating income (b) Applied Technology $ 5,797 $ 7,035 $ 21,247 $ 25,120 Engineered Films 7,321 8,474 13,393 24,987 Aerostar 2,777 2,488 4,821 7,427 Intersegment eliminations 9 (12) 60 (10) Total reportable segment income 15,904 17,985 39,521 57,524 General and administrative expenses (b) (6,613) (6,653) (20,148) (20,501) Consolidated operating income $ 9,291 $ 11,332 $ 19,373 $ 37,023 (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		6 Months Ended	9 Months Ended
	Oct. 31, 2020USD ($)	Jul. 31, 2020USD ($)	Jul. 31, 2020USD ($)	Oct. 31, 2020USD ($)Divisions	Oct. 31, 2019USD ($)	Jan. 31, 2020
Organization, Consolidation and Presentation of Financial Statements Line Items [Line Items]
Number of operating units | Divisions				3
Payments to redeem minority non-controlling Interest		$ 17,853		$ 17,853	$ 0
Related Party Transaction, Amounts of Transaction	$ 0		$ 1,954
Due to Affiliate, Current	$ 0			$ 0
Dot Technology Corp. [Member]
Organization, Consolidation and Presentation of Financial Statements Line Items [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners						36.00%

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 96,607	$ 100,533	$ 268,282	$ 296,769
Applied Technology [Member]
Disaggregation of Revenue [Line Items]
Net sales	34,838	28,500	112,347	97,596
Aerostar [Member]
Disaggregation of Revenue [Line Items]
Net sales	18,010	15,661	42,626	41,040
Engineered Films [Member]
Disaggregation of Revenue [Line Items]
Net sales	43,765	56,406	113,415	158,214
All Segments [Member]
Disaggregation of Revenue [Line Items]
Net sales	96,607	100,533	268,282	296,769
UNITED STATES | Lighter-than-air [Member]
Disaggregation of Revenue [Line Items]
Net sales	14,849	11,071	30,939	26,230
UNITED STATES | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	40,460	54,640	103,396	151,198
UNITED STATES | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	27,599	22,956	86,458	72,914
UNITED STATES | Other Product [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,158	4,577	11,633	14,665
UNITED STATES | Applied Technology [Member] | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	27,599	22,957	86,460	72,915
UNITED STATES | Aerostar [Member] | Lighter-than-air [Member]
Disaggregation of Revenue [Line Items]
Net sales	14,849	11,071	30,939	26,230
UNITED STATES | Aerostar [Member] | Other Product [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,158	4,577	11,633	14,665
UNITED STATES | Engineered Films [Member] | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	40,466	54,673	103,500	151,278
Non-US [Member] | Lighter-than-air [Member]
Disaggregation of Revenue [Line Items]
Net sales	2	0	48	49
Non-US [Member] | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,299	1,733	9,915	6,936
Non-US [Member] | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	7,239	5,543	25,887	24,681
Non-US [Member] | Other Product [Member]
Disaggregation of Revenue [Line Items]
Net sales	1	13	6	96
Non-US [Member] | Applied Technology [Member] | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	7,239	5,543	25,887	24,681
Non-US [Member] | Aerostar [Member] | Lighter-than-air [Member]
Disaggregation of Revenue [Line Items]
Net sales	2	0	48	49
Non-US [Member] | Aerostar [Member] | Other Product [Member]
Disaggregation of Revenue [Line Items]
Net sales	1	13	6	96
Non-US [Member] | Engineered Films [Member] | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,299	1,733	9,915	6,936
Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net sales	(6)	(34)	(106)	(81)
Consolidation, Eliminations [Member] | UNITED STATES | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	(6)	(33)	(104)	(80)
Consolidation, Eliminations [Member] | UNITED STATES | Precision Agriculture [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	(1)	(2)	(1)
Consolidation, Eliminations [Member] | Non-US [Member] | Plastic Films and Sheeting [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 0	$ 0	$ 0	$ 0

Revenue Contract Asset and Cont

Revenue Contract Asset and Contract Liabilities balances (Details) - Short-term Contract with Customer [Member] - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2020	Jan. 31, 2020
Capitalized Contract Cost [Line Items]
Contract Assets	$ 3,778	$ 7,525
Change Contract Assets	$ (3,747)
Increase (decrease) in contract assets with customers, percentage	(49.80%)
Contract Liabilities		$ 2,288
Change in contract liabilities	$ 653
Increase (decrease) in contract liabilities with customers, percentage	28.50%

Revenue Details (Details)

Revenue Details (Details) $ in Thousands	9 Months Ended
	Oct. 31, 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	Oct. 31, 2020	Jul. 31, 2020	Jan. 31, 2020	Oct. 31, 2020	Oct. 31, 2019
Business Combination, Description [Abstract]
Business Combination, Consideration Transferred			$ 0			$ 0
Redeemable Noncontrolling Interest Payable, Noncurrent			10,889		$ 5,936	10,889
Payments to redeem minority non-controlling Interest				$ 17,853		17,853	$ 0
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, Noncurrent			$ 5,087			$ 5,087
Payments to redeem minority non-controlling Interest				$ 17,853
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		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Acquisition-related contingent consideration [Roll Forward]
Acquisition-related contingent consideration, Beginning Balance	$ 2,459	$ 3,579	$ 2,934	$ 4,172
Fair Value Contingent Consideration Acquisition of a Business	0	0	0	310
Change in fair value of acquisition-related contingent consideration	29	100	(183)	343
Contingent consideration earn-out paid	(234)	(723)	(497)	(1,869)
Acquisition-related contingent consideration, Ending Balance	2,254	2,956	2,254	2,956
Acquisition-related contingent consideration liability, current					$ 0	$ 813
Acquisition-related contingent consideration liability, Noncurrent					2,254	2,143
Business Combination, Contingent Consideration, Liability	$ 2,254	$ 2,956	$ 2,254	$ 2,956	2,254	$ 2,956
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			$ 2,500
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			$ 1,567

Measurement Period Adjustments

Measurement Period Adjustments (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2020USD ($)
Business Acquisition [Line Items]
Goodwill Beginning balance	$ 106,509
Smart Ag and DOT [Member]
Business Acquisition [Line Items]
Goodwill Beginning balance	56,022
Goodwill, Translation and Purchase Accounting Adjustments	(440)
Goodwill Ending balance	55,582
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	1,005
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(3,153)
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	35
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	(1,427)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred	$ 0

Proforma Information (Details)

Proforma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2019	Oct. 31, 2019
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Revenue	$ 100,905	$ 297,651
Business Acquisition, Pro Forma Net Income (Loss)	$ 7,864	$ 25,862
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 0.22	$ 0.72
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 0.22	$ 0.71

Goodwill, Long-lived Assets a_3

Goodwill, Long-lived Assets and Other Intangibles Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Goodwill [Line Items]
Goodwill impairment loss	$ 0	$ 0	$ 0	$ 0
Goodwill [Roll Forward]
Goodwill Beginning balance			106,509
Goodwill, Measurement Period Adjustment			(440)
Goodwill, Foreign Currency Translation Gain (Loss)			(144)
Goodwill Ending balance	105,925		105,925
Applied Technology (excluding Autonomy) [Member]
Goodwill [Roll Forward]
Goodwill Beginning balance			16,943
Goodwill, Measurement Period Adjustment			0
Goodwill, Foreign Currency Translation Gain (Loss)			145
Goodwill Ending balance	17,088		17,088
Autonomy [Member]
Goodwill [Roll Forward]
Goodwill Beginning balance			55,700
Goodwill, Measurement Period Adjustment			(440)
Goodwill, Foreign Currency Translation Gain (Loss)			(289)
Goodwill Ending balance	54,971		54,971
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		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		$ 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		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019	Jan. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Long-lived asset impairment loss	$ 0	$ 0	$ 0	$ 0
Finite-Lived Intangible Assets, Accumulated Amortization	(18,983)		(18,983)		$ (17,018)
Intangible Assets, Gross (Excluding Goodwill)	63,066		63,066		63,235
Intangible assets, net	44,083		44,083		46,217
Indefinite-live In-process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	0		0		0
Indefinite-lived Intangible Assets (Excluding Goodwill)	30,945		30,945		31,300
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	8,821		8,821		9,190
Finite-Lived Intangible Assets, Accumulated Amortization	(8,137)		(8,137)		(7,706)
Finite-Lived Intangible Assets, Net	684		684		1,484
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	16,102		16,102		16,067
Finite-Lived Intangible Assets, Accumulated Amortization	(7,901)		(7,901)		(6,868)
Finite-Lived Intangible Assets, Net	8,201		8,201		9,199
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	7,198		7,198		6,678
Finite-Lived Intangible Assets, Accumulated Amortization	(2,945)		(2,945)		(2,444)
Finite-Lived Intangible Assets, Net	$ 4,253		$ 4,253		$ 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		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 9	$ 7	$ 27	$ 21
Interest cost	70	83	210	250
Amortization of actuarial losses	43	24	129	72
Amortization of unrecognized prior service cost (Credit)	(40)	(40)	(120)	(120)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 82	$ 74	$ 246	$ 223

Warranties (Details)

Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Product Warranty Accrual [Roll Forward]
Beginning balance	$ 1,609	$ 1,739	$ 2,019	$ 890
Change in provision	299	1,184	1,299	3,038
Settlements made	(389)	(939)	(1,799)	(1,944)
Ending balance	$ 1,519	$ 1,984	$ 1,519	$ 1,984

Financing Arrangements (Details

Financing Arrangements (Details) $ in Thousands, $ in Thousands	9 Months Ended
	Oct. 31, 2020USD ($)numberOfInstallmentPayments	Oct. 31, 2019USD ($)	Oct. 31, 2020CAD ($)	Sep. 20, 2019USD ($)
Line of Credit Facility [Line Items]
Repayments of debt	$ 50,000	$ 0
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
Remaining borrowing capacity under the line of credit	$ 100,000
WEDC [Member]
Line of Credit Facility [Line Items]
Borrowing capacity under line of credit	$ 4,000		$ 5,000
Number of Monthly installments to pay | numberOfInstallmentPayments	60
Interest rate at a future date	3.00%
Other Long-term Debt	$ 1,900
Repayments of debt	0
Accrued Interest	$ 0

Financing Arrangements Unamorti

Financing Arrangements Unamortized debt Issuance costs (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Jan. 31, 2020
Bank of America [Member]
Line of Credit Facility [Line Items]
Unamortized debt issuance costs	$ 154	$ 215

Financing Arrangements Letters

Financing Arrangements Letters of Credit Outstanding (Details) - USD ($) $ in Thousands	Oct. 31, 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	Oct. 31, 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 One	0
Long-term Debt, Maturities, Repayments of Principal in Year Two	0
Long-term Debt, Maturities, Repayments of Principal in Year Three	1,900
Long-term Debt, Maturities, Repayments of Principal in Year Four	0
Long-term Debt, Maturities, Repayments of Principal in Year Five	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - Charitable Gift [Member] $ in Thousands	9 Months Ended
	Oct. 31, 2020USD ($)
Loss Contingencies [Line Items]
Long-term Purchase Commitment, Amount	$ 5,000
Loss Contingency Accrual	2,682
Cumulative Loss Contingency Accrual, Payments	2,145
Accrued Liabilities [Member]
Loss Contingencies [Line Items]
Loss Contingency, Accrual, Current	710
Other Noncurrent Liabilities [Member]
Loss Contingencies [Line Items]
Loss Contingency, Accrual, Noncurrent	$ 1,972

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Income Tax Contingency [Line Items]
Effective tax rate, percent	1.60%	13.00%	1.90%	14.70%
Total Discrete tax benefit (expense), net	$ 303	$ 268	$ 580	$ 1,336

Dividends and Treasury Stock (D

Dividends and Treasury Stock (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019	Jan. 31, 2015
Stockholders' Equity Note [Abstract]
Stock Repurchase Program, Authorized Amount	$ 75,000		$ 75,000		$ 40,000
Shares repurchased, Treasury Stock	0	169,474	0	332,651
Payments for Repurchase of Common Stock		$ 5,000	$ 0	$ 10,781
Unpaid repurchases of common stock	$ 0	$ 0	0	$ 0
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 17,179		$ 17,179

Dividends and Treasury Stock Di

Dividends and Treasury Stock Dividends paid (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Stockholders' Equity Note [Abstract]
Payments of Ordinary Dividends, Common Stock	$ 0	$ 4,648	$ 9,318	$ 14,001
Cash dividends paid per common share (in dollars per share)	$ 0	$ 0.130	$ 0.260	$ 0.390
Dividends Payable	$ 0	$ 0	$ 0	$ 0

Share Based Compensation (Detai

Share Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Cost of Sales [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	$ 64	$ 98	$ 182	$ 273
Research and Development Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	369	41	1,126	122
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	936	852	3,670	3,144
Operating Income (Loss) [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expensed and Capitalized, Amount	$ 1,369	$ 991	$ 4,978	$ 3,539

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Oct. 31, 2020	Oct. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 96,607	$ 100,533	$ 268,282	$ 296,769
Administrative and general expenses	(6,613)	(6,653)	(20,148)	(20,501)
Operating income	9,291	11,332	19,373	37,023
Applied Technology [Member]
Segment Reporting Information [Line Items]
Net sales	34,838	28,500	112,347	97,596
Operating income	5,797	7,035	21,247	25,120
Engineered Films [Member]
Segment Reporting Information [Line Items]
Net sales	43,765	56,406	113,415	158,214
Operating income	7,321	8,474	13,393	24,987
Aerostar [Member]
Segment Reporting Information [Line Items]
Net sales	18,010	15,661	42,626	41,040
Operating income	2,777	2,488	4,821	7,427
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(6)	(34)	(106)	(81)
Operating income	9	(12)	60	(10)
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Net sales	96,607	100,533	268,282	296,769
Operating income	$ 15,904	$ 17,985	$ 39,521	$ 57,524