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Segment Reporting
9 Months Ended
Oct. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting
SEGMENT REPORTING

The Company's reportable segments are defined by their product lines which have been grouped in these segments based on common technologies, production methods, and inventories. Raven's reportable segments are Applied Technology, Engineered Films, and Aerostar. The Company measures the performance of its segments based on their operating income excluding administrative and general expenses. Other expense and income taxes are not allocated to individual operating segments, and assets not identifiable to an individual segment are included as corporate assets. Segment information is reported consistent with the Company's management reporting structure.

Business segment net sales and operating income results are as follows:
 
Three Months Ended
 
Nine Months Ended
 
October 31,
2016
 
October 31,
2015
 
October 31,
2016
 
October 31,
2015
Net sales
 
 
 
 
 
 
 
Applied Technology
$
25,203

 
$
21,344

 
$
79,327

 
$
74,165

Engineered Films
38,551

 
36,919

 
104,307

 
104,029

Aerostar
9,003

 
9,456

 
25,313

 
27,338

Intersegment eliminations (a)
(235
)
 
(108
)
 
(467
)
 
(130
)
Consolidated net sales
$
72,522

 
$
67,611

 
$
208,480

 
$
205,402

 
 
 
 
 
 
 
 
Operating income (loss)
 
 
 
 
 
 
 
Applied Technology (b) (c)
$
6,415

 
$
3,299

 
$
20,280

 
$
16,081

Engineered Films
7,129

 
6,145

 
17,666

 
15,981

Aerostar (d) (e)
(1,375
)
 
(15,474
)
 
(1,804
)
 
(15,013
)
Intersegment eliminations (a)
(16
)
 
9

 
(21
)
 
93

Total reportable segment income (loss)
12,153

 
(6,021
)
 
36,121

 
17,142

Administrative and general expenses
(4,764
)
 
(3,802
)
 
(13,986
)
 
(13,322
)
Consolidated operating income (loss)
$
7,389

 
$
(9,823
)
 
$
22,135

 
$
3,820


(a) Intersegment sales for both fiscal 2017 and 2016 were primarily sales from Engineered Films to Aerostar.
(b) Includes $161 gain for the nine-month period ended October 31, 2016 on the disposal of an idle manufacturing plant held for sale.
(c) Includes gains of $611 for the nine-month period ended October 31, 2015 on disposal of assets related to the exit of contract manufacturing operations.
(d) The three- and nine-month periods ended October 31, 2015 include pre-contract cost write-offs of $2,933 (which is comprised of $2,075 of costs capitalized as of July 31, 2015 and additional costs of $858 capitalized during August and September 2015), a goodwill impairment loss of $11,497, a long-lived impairment loss of $3,813 and a reduction of $2,273 of an acquisition-related contingent liability for Vista as a result of changes in expected sales and cash flows.
(e) The three- and nine-month periods ended October 31, 2016 include inventory write-downs of $2,278 as a result of changes in expected sales of a specific product line within radar business.