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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Income Statement [Abstract]        
Net sales $ 85,179 $ 98,058 $ 171,675 $ 196,236
Cost of sales 55,047 66,720 113,076 129,832
Gross profit 30,132 31,338 58,599 66,404
Research and development expenses 10,808 7,067 21,313 14,338
Selling, general, and administrative expenses 13,181 13,701 27,204 26,375
Operating income 6,143 10,570 10,082 25,691
Other income (expense), net 377 383 (91) 314
Income before income taxes 6,520 10,953 9,991 26,005
Income tax expense 701 2,187 223 4,029
Net income 5,819 8,766 9,768 21,976
Net loss attributable to redeemable noncontrolling interest and noncontrolling interest 0 0 (98) 0
Net income attributable to Raven Industries, Inc. $ 5,819 $ 8,766 $ 9,866 $ 21,976
Net income per common share:        
Basic (in dollars per share) $ 0.16 $ 0.24 $ 0.27 $ 0.61
Diluted (in dollars per share) $ 0.16 $ 0.24 $ 0.27 $ 0.60
Comprehensive income:        
Net income $ 5,819 $ 8,766 $ 9,768 $ 21,976
Other comprehensive income (loss):        
Foreign currency translation 1,868 1 (711) (303)
Postretirement benefits, net of income tax benefit of $1, $3, $2 and $7, respectively (2) (13) (5) (25)
Other comprehensive income (loss), net of tax 1,866 (12) (716) (328)
Comprehensive income 7,685 8,754 9,052 21,648
Comprehensive loss attributable to redeemable noncontrolling interest and noncontrolling interest 0 0 (98) 0
Comprehensive income attributable to Raven Industries, Inc. 7,685 8,754 9,150 21,648
Other comprehensive income, postretirement benefits, income tax benefit $ 1 $ 3 $ 2 $ 7