XML 70 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2019
Oct. 31, 2018
Income Statement [Abstract]        
Net sales $ 100,533 $ 104,833 $ 296,769 $ 318,646
Cost of sales 70,229 72,180 200,061 211,387
Gross profit 30,304 32,653 96,708 107,259
Research and development expenses 7,662 6,478 22,000 17,914
Selling, general, and administrative expenses 11,310 12,563 37,685 37,573
Operating income 11,332 13,612 37,023 51,772
Other income (expense), net 84 674 398 6,214
Income before income taxes 11,416 14,286 37,421 57,986
Income tax expense 1,483 1,230 5,512 9,062
Net income 9,933 13,056 31,909 48,924
Net income (loss) attributable to the noncontrolling interest (1) 24 (1) 80
Net income attributable to Raven Industries, Inc. $ 9,934 $ 13,032 $ 31,910 $ 48,844
Net income per common share:        
Basic (in dollars per share) $ 0.28 $ 0.36 $ 0.89 $ 1.36
Diluted (in dollars per share) $ 0.28 $ 0.36 $ 0.88 $ 1.34
Comprehensive income (loss):        
Net income $ 9,933 $ 13,056 $ 31,909 $ 48,924
Other comprehensive income (loss):        
Foreign currency translation (40) (325) (343) (1,162)
Postretirement benefits, net of income tax benefit of $4, $2, $11, and $6 respectively (12) (6) (37) (18)
Other comprehensive income (loss), net of tax (52) (331) (380) (1,180)
Comprehensive income (loss) 9,881 12,725 31,529 47,744
Comprehensive income (loss) attributable to noncontrolling interest (1) 24 (1) 80
Comprehensive income (loss) attributable to Raven Industries, Inc. 9,882 12,701 31,530 47,664
Other comprehensive income, postretirement benefits, income tax (expense) benefit $ 4 $ 2 $ 11 $ 6