XML 32 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2012
Oct. 31, 2011
Consolidated Statements of Income [Abstract]        
Net sales $ 97,011 $ 93,300 $ 316,600 $ 285,185
Cost of sales 67,436 66,046 215,826 196,865
Gross profit 29,575 27,254 100,774 88,320
Research and development expenses 3,498 2,499 10,462 7,116
Selling, general and administrative expenses 9,705 7,880 28,101 22,122
Operating income 16,372 16,875 62,211 59,082
Other (expense), net (56) (4) (204) (93)
Income before income taxes 16,316 16,871 62,007 58,989
Income taxes 5,454 5,473 20,554 19,414
Net income 10,862 11,398 41,453 39,575
Net income attributable to the noncontrolling interest 3 8 5 8
Net income attributable to Raven Industries, Inc. 10,859 11,390 41,448 39,567
Net income per common share:        
Basic (in dollars per share) $ 0.30 $ 0.31 $ 1.14 $ 1.09
Diluted (in dollars per share) $ 0.30 $ 0.31 $ 1.13 $ 1.09
Cash dividends paid per common share (in dollars per share) $ 0.105 $ 0.090 $ 0.315 $ 0.270
Comprehensive income:        
Net income 10,862 11,398 41,453 39,575
Other comprehensive income, net of tax:        
Foreign currency translation 41 (145) (4) 15
Postretirement benefits, net of income tax expense of $20, $11, $61 and $33, respectively 38 21 114 62
Other comprehensive income, net of tax 79 (124) 110 77
Comprehensive income 10,941 11,274 41,563 39,652
Comprehensive income attributable to noncontrolling interest 3 8 5 8
Comprehensive income attributable to Raven Industries, Inc. $ 10,938 $ 11,266 $ 41,558 $ 39,644