Business Segments and Major Customer Information (Tables)

12 Months Ended

Jan. 31, 2021

Segment Reporting [Abstract]

Segment Reporting Information

Business segment financial performance and other information is as follows:
	For the years ended January 31,
	2021		2020		2019
APPLIED TECHNOLOGY DIVISION
Sales	$	147,198	$	130,460	$	129,749
Operating income(a)(f)	26,468		30,672		39,044
Assets(b)(c)	176,535		172,320		79,742
Capital expenditures	2,571		1,464		2,050
Depreciation and amortization	5,093		3,995		3,433
ENGINEERED FILMS DIVISION
Sales(d)	$	147,921	$	197,719	$	226,574
Operating income(a)	15,743		28,695		39,714
Assets(b)	147,085		158,440		159,592
Capital expenditures	11,583		5,317		9,544
Depreciation and amortization	9,719		9,518		9,149
AEROSTAR DIVISION
Sales	$	53,343	$	54,443	$	50,867
Operating income(a)	4,399		8,597		8,179
Assets(b)	22,896		26,344		21,515
Capital expenditures	1,148		652		168
Depreciation and amortization	1,065		933		891
INTERSEGMENT ELIMINATIONS
Sales
Applied Technology Division	$	(3)	$	(2)	$	(10)
Engineered Films Division	(100)		(90)		(512)
Aerostar Division	—		—		—
Operating income(a)	72		—		(35)
Assets(b)	(32)		(104)		(104)
REPORTABLE SEGMENTS TOTAL
Sales(d)	$	348,359	$	382,530	$	406,668
Operating income(a)(f)	46,682		67,964		86,902
Assets(b)	346,484		357,000		260,745
Capital expenditures	15,302		7,433		11,762
Depreciation and amortization	15,877		14,446		13,473
CORPORATE & OTHER
Operating (loss) from administrative expenses(a)(e)	$	(27,031)	$	(28,025)	$	(31,769)
Assets(b)(c)(g)	62,887		46,257		99,500
Capital expenditures	845		1,127		2,365
Depreciation and amortization	1,544		1,795		1,650
TOTAL COMPANY
Sales(d)	$	348,359	$	382,530	$	406,668
Operating income(e)(f)	19,651		39,939		55,133
Assets	409,371		403,257		360,245
Capital expenditures	16,147		8,560		14,127
Depreciation and amortization	17,421		16,241		15,123

(a) At the segment level, operating income does not include an allocation of general and administrative expenses and, as a result, general and administrative expenses are reported as "Operating (loss) from administrative expenses" in Corporate & Other.

(b) Certain facilities owned by the Company are shared by more than one reporting segment. All facilities are reported as an asset based on the segment that acquired the asset as the Company believes this most appropriately reflects the total assets of each business segment. Expenses and costs related to these facilities, including depreciation expense, are allocated and reported in each reporting segment's operating income for each fiscal year presented.

(c) Applied Technology fiscal 2021 and 2020 Assets include goodwill and intangible assets related to the acquisitions of Smart Ag and DOT. These assets are further disclosed in Note 6 "Acquisitions and Investments in Business Technologies". Fiscal 2020 Assets for the Corporate & Other segment reflect the use of cash to fund the acquisitions of Smart Ag and DOT.

(d) Economic conditions as a result of the global pandemic have created weak demand across a majority of Engineered Films' end-markets for fiscal 2021. Additionally, there were no sales of hurricane recovery film in fiscal 2021, while in fiscal 2020 and 2019 there were hurricane film sales of $1,860 and $14,494, respectively.

(e) Fiscal 2019 administrative expenses included a $4,503 expense related to the previously announced gift to SDSU. Fiscal 2021 and 2020 included approximately $2,089 and $2,700 of expenses related to Project Atlas. Project Atlas related expenses in fiscal 2019 were approximately $4,000.

(f) Applied Technology's operating income for fiscal 2021 includes $16,646 of costs and expenses incurred primarily for research and development related to Raven Autonomy™ to drive commercialization of its autonomous technology. Applied Technology's operating income for fiscal 2020 includes $2,834 of costs and expenses incurred in fourth quarter of fiscal 2020 related to Raven Autonomy™ .

(g) Assets are principally cash, investments, and other receivables.

Net Sales to Customers Outside the United States

Foreign sales are attributed to countries based on location of the customer. Net sales to customers outside the United States were as follows:

	For the years ended January 31,
	2021		2020		2019
Canada	$	13,025	$	12,121	$	12,492
Europe	15,867		14,681		15,786
Latin America	6,709		8,261		5,950
Asia	5,168		3,387		7,240
Other foreign sales	4,945		3,682		6,861
Total foreign sales	45,714		42,132		48,329
United States	302,645		340,398		358,339
	$	348,359	$	382,530	$	406,668