Subsequent Events (Notes)

6 Months Ended

Jul. 31, 2017

Subsequent Event [Line Items]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS

The 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 other than the following.

On August 22, 2017 the Company entered into an asset purchase agreement (the “Agreement”) with Colorado Lining International, Inc., a Colorado corporation, headquartered in Parker, CO (“CLI”). The cash transaction is expected to close in September 2017 with Raven paying approximately $14,000 and the potential for up to $2,000 in additional earn-out payments over the next three years. The acquisition will align under the Company’s Engineered Films segment. Under the terms of the Agreement, Raven will acquire substantially all of the assets of CLI. By adding new design-build and installation service components to Engineered Films' geomembrane product offering, this acquisition will advance Engineered Films’ business model into a vertically-integrated, full-service solutions provider in the geomembrane market.