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Segment Reporting
6 Months Ended
Jul. 31, 2018
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 technology, manufacturing processes, and end-use application. Raven's reportable segments are Applied Technology, Engineered Films, and Aerostar. The Company measures the performance of its segments based on certain metrics such as net sales and operating income excluding general and administrative expenses. Other (expense) income and income taxes are not allocated to individual operating segments, and assets not identifiable to an individual segment are included as corporate assets. Separate financial information is available and regularly evaluated by the Company's chief operating decision-maker (CODM), the President and Chief Executive Officer, in making resource allocation decisions for the Company's reportable segments. 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
 
Six Months Ended
 
July 31,
2018
 
July 31,
2017
 
July 31,
2018
 
July 31,
2017
Net sales
 
 
 
 
 
 
 
Applied Technology
$
30,362

 
$
28,424

 
$
70,792

 
$
68,914

Engineered Films(a)
58,875

 
49,028

 
118,867

 
92,583

Aerostar
13,517

 
9,369

 
24,418

 
18,975

Intersegment eliminations(b)
(70
)
 
(211
)
 
(264
)
 
(327
)
Consolidated net sales
$
102,684

 
$
86,610

 
$
213,813

 
$
180,145

 
 
 
 
 
 
 
 
Operating income(c)
 
 
 
 
 
 
 
Applied Technology 
$
8,788

 
$
6,637

 
$
24,736

 
$
20,090

Engineered Films
10,806

 
9,551

 
24,002

 
18,271

Aerostar
3,835

 
1,388

 
6,640

 
2,806

Intersegment eliminations 
19

 
11

 
4

 
9

Total reportable segment income
23,448

 
17,587

 
55,382

 
41,176

General and administrative expenses(c)
(6,819
)
 
(5,887
)
 
(17,222
)
 
(11,257
)
Consolidated operating income
$
16,629

 
$
11,700

 
$
38,160

 
$
29,919

(a) Fiscal year 2019 Net sales includes approximately $10,276 and $18,373 in net sales for the three- and six-month periods ended July 31, 2018, respectively, related to the CLI acquisition further described in Note 6 "Acquisitions and Divestitures of and Investments in Businesses and Technologies". The division generated $1,283 and $3,608 in sales to CLI for the three- and six-month periods ended July 31, 2017, respectively. Fiscal year 2019 Net sales includes $0
and $8,919 of recovery film sales for the three- and six-month periods ended July, 31, 2018, respectively, related to the hurricane recovery effort. No hurricane recovery film sales occurred during the three- and six-month periods ended July 31, 2017.
(b) Intersegment sales for both fiscal 2019 and 2018 were primarily sales from Engineered Films to Aerostar.
(c) 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.