Acquisitions of and Investments in Businesses and Technologies (Tables)

12 Months Ended

Jan. 31, 2016

Total purchase price allocated to the estimated fair values of assets acquired and liabilities assumed

The total purchase price allocated to the estimated fair values of assets acquired and liabilities assumed as follows:



Cash	$	1,600
Accounts receivable	4,808
Inventory	7,575
Deferred income taxes	543
Other current assets	24
Property, plant and equipment, net	17,088
Goodwill	27,422
Customer relationships and other definite-lived intangibles	10,200
Short-term and long-term debt	(11,341		)
Current liabilities	(4,084		)
Other liabilities	(5,573		)
Total purchase price	$	48,262

Pro forma consolidated condensed financial results of operations

The following pro forma consolidated condensed financial results of operations are presented as if the fiscal year 2015 acquisitions described above had been completed at the beginning of the period presented (unaudited):



	(Unaudited)
	For the year ended January 31,
	2015		2014
Net sales	$	408,906	$	431,917
Net income attributable to Raven Industries, Inc.	34,424		45,747

Earnings per common share:
Basic	$	0.90	$	1.20
Diluted	$	0.90	$	1.20

Changes in the net carrying value of the investment in SST

Changes in the net carrying value of the investment in SST were as follows:



	As of January 31,
	2016			2015			2014
Balance at beginning of year	$	3,217		$	3,684		$	4,063
Income from equity investment	83			28			116
Amortization of intangible assets	(495		)	(495		)	(495		)
Balance at end of year	$	2,805		$	3,217		$	3,684