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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Jul. 31, 2018
Jul. 31, 2017
Income Statement [Abstract]        
Net sales $ 102,684 $ 86,610 $ 213,813 $ 180,145
Cost of sales 68,076 60,097 139,207 121,676
Gross profit 34,608 26,513 74,606 58,469
Research and development expenses 6,151 4,256 11,436 8,236
Selling, general, and administrative expenses 11,828 10,557 25,010 20,055
Long-lived asset impairment loss 0 0 0 259
Operating income 16,629 11,700 38,160 29,919
Other (expense) income, net (139) (63) 5,540 (293)
Income before income taxes 16,490 11,637 43,700 29,626
Income tax expense 2,769 3,403 7,832 9,044
Net income 13,721 8,234 35,868 20,582
Net income (loss) attributable to the noncontrolling interest 44 (1) 56 (1)
Net income attributable to Raven Industries, Inc. $ 13,677 $ 8,235 $ 35,812 $ 20,583
Net income per common share:        
Basic (in dollars per share) $ 0.38 $ 0.23 $ 1.00 $ 0.57
Diluted (in dollars per share) 0.38 0.23 0.98 0.56
Cash dividends paid per common share (in dollars per share) [1] $ 0.13 $ 0.13 $ 0.26 $ 0.26
Comprehensive income (loss):        
Net income $ 13,721 $ 8,234 $ 35,868 $ 20,582
Other comprehensive income (loss):        
Foreign currency translation (357) 810 (837) 822
Postretirement benefits, net of income tax benefit of $2, $3, $4 and $7 respectively (6) (7) (12) (13)
Other comprehensive income (loss), net of tax (363) 803 (849) 809
Comprehensive income 13,358 9,037 35,019 21,391
Comprehensive income (loss) attributable to noncontrolling interest 44 (1) 56 (1)
Comprehensive income attributable to Raven Industries, Inc. $ 13,314 $ 9,038 $ 34,963 $ 21,392
[1] There were no declared and unpaid shareholder dividends at July 31, 2018 or 2017.