Business Combinations (Tables)

9 Months Ended

Oct. 31, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The Company completed the valuation of intangible assets and pre-acquisition tax filings during the first and second quarters of fiscal 2021. The following adjustments were made to the purchase price allocation during the six months ended July 31, 2020:

	Previously Reported		Measurement Period Adjustments		Adjusted Balance
Goodwill	$	56,022	$	(440)	$	55,582
Intangibles, net	31,800		(600)		31,200
Deferred income taxes	(4,158)		1,005		(3,153)
Accounts payable and other current liabilities	(1,462)		35		(1,427)
			$	—

Business Acquisition, Pro Forma Information

The following pro forma consolidated condensed financial results of operations are presented as if the acquisitions described above had been included in the Company's consolidated financial statements for the prior year comparative period (unaudited):

(Unaudited)
	Three Months Ended		Nine Months Ended
	October 31, 2019		October 31, 2019
Net sales	$	100,905	$	297,651
Net income attributable to Raven Industries, Inc.	$	7,864	$	25,862
Earnings per common share
Basic	$	0.22	$	0.72
Diluted	$	0.22	$	0.71