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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Income Statement [Abstract]        
Net sales $ 98,058 $ 102,684 $ 196,236 $ 213,813
Cost of sales 66,720 68,076 129,832 139,207
Gross profit 31,338 34,608 66,404 74,606
Research and development expenses 7,067 6,151 14,338 11,436
Selling, general, and administrative expenses 13,701 11,828 26,375 25,010
Operating income 10,570 16,629 25,691 38,160
Other income (expense), net 383 (139) 314 5,540
Income before income taxes 10,953 16,490 26,005 43,700
Income tax expense 2,187 2,769 4,029 7,832
Net income 8,766 13,721 21,976 35,868
Net income (loss) attributable to the noncontrolling interest 0 44 0 56
Net income attributable to Raven Industries, Inc. $ 8,766 $ 13,677 $ 21,976 $ 35,812
Net income per common share:        
Basic (in dollars per share) $ 0.24 $ 0.38 $ 0.61 $ 1.00
Diluted (in dollars per share) $ 0.24 $ 0.38 $ 0.60 $ 0.98
Comprehensive income (loss):        
Net income $ 8,766 $ 13,721 $ 21,976 $ 35,868
Other comprehensive income (loss):        
Foreign currency translation 1 (357) (303) (837)
Postretirement benefits, net of income tax benefit of $3, $2, $7, and $4 respectively (13) (6) (25) (12)
Other comprehensive income (loss), net of tax (12) (363) (328) (849)
Comprehensive income (loss) 8,754 13,358 21,648 35,019
Comprehensive income (loss) attributable to noncontrolling interest 0 44 0 56
Comprehensive income (loss) attributable to Raven Industries, Inc. $ 8,754 $ 13,314 $ 21,648 $ 34,963