Revenue (Notes)

6 Months Ended

Jul. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE

Disaggregation of Revenues

Revenue is disaggregated by major product category and geography, as we believe these categories best depict how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. The following table includes a reconciliation of the disaggregated revenue by reportable segments. Service revenues are not material and are not separately disclosed.

	Revenue by Product Category
	Three Months Ended July 31, 2021										Three Months Ended July 31, 2020
	ATD		EFD		AERO		ELIM(a)		Total		ATD		EFD		AERO		ELIM(a)		Total
Lighter-than-Air
Domestic	$	—	$	—	$	9,479	$	—	$	9,479	$	—	$	—	$	10,008	$	—	$	10,008
International	—		—		—		—		—		—		—		34		—		34
Plastic Films &   Sheeting
Domestic	—		52,337		—		(49)		52,288		—		32,478		—		(38)		32,440
International	—		4,750		—		—		4,750		—		3,774		—		—		3,774
Precision Agriculture   Equipment
Domestic	32,209		—		—		—		32,209		28,000		—		—		(2)		27,998
International	12,392		—		—		—		12,392		7,502		—		—		—		7,502
Other
Domestic	—		—		3,306		—		3,306		—		—		3,423		—		3,423
International	—		—		2		—		2		—		—		—		—		—
Totals	$	44,601	$	57,087	$	12,787	$	(49)	$	114,426	$	35,502	$	36,252	$	13,465	$	(40)	$	85,179
	Six Months Ended July 31, 2021										Six Months Ended July 31, 2020
	ATD		EFD		AERO		ELIM(a)		Total		ATD		EFD		AERO		ELIM(a)		Total
Lighter-than-Air
Domestic	$	—	$	—	$	13,978	$	—	$	13,978	$	—	$	—	$	16,090	$	—	$	16,090
International	—		—		597		—		597		—		—		46		—		46
Plastic Films & Sheeting
Domestic	—		97,739		—		(83)		97,656		—		63,034		—		(98)		62,936
International	—		8,113		—		—		8,113		—		6,616		—		—		6,616
Precision Agriculture Equipment
Domestic	67,861		—		—		—		67,861		58,861		—		—		(2)		58,859
International	31,608		—		—		—		31,608		18,648		—		—		—		18,648
Other
Domestic	—		—		7,073		—		7,073		—		—		8,475		—		8,475
International	—		—		26		—		26		—		—		5		—		5
Totals	$	99,469	$	105,852	$	21,674	$	(83)	$	226,912	$	77,509	$	69,650	$	24,616	$	(100)	$	171,675

(a) Intersegment sales for both fiscal 2022 and 2021 were primarily sales from Engineered Films to Aerostar.

Contract Balances

Contract balances consist of contract assets and contract liabilities. Contract assets primarily relate to the Company’s rights to consideration for work completed but not yet billed for at the reporting date, or retainage provisions on billings that have been issued. Contract liabilities primarily relate to consideration received from customers prior to transferring goods or services to the customer. Contract assets and contract liabilities are reported in "Accounts receivable, net" and "Other current liabilities" in

the Consolidated Balance Sheets, respectively. 

During the six months ended July 31, 2021, the Company’s contract assets decreased by $1,679 while contract liabilities increased $2,090. The change was primarily a result of the contract terms which include timing of customer payments, timing of invoicing, and progress made on open contracts. Due to the short-term nature of the Company’s contracts, substantially all contract liabilities are recognized as revenue during the twelve months thereafter. Changes in our contract assets and liabilities were as follows:

	July 31, 2021		January 31, 2021		$ Change		% Change
Contract assets	$	1,577	$	3,256	$	(1,679)	(51.6)	%
Contract liabilities	$	5,088	$	2,998	$	2,090	69.7	%

Remaining Performance Obligations

As of July 31, 2021, the Company has no remaining performance obligations related to customer contracts with an original expected duration of one year or more. Revenue recognized from performance obligations satisfied in the prior period during the six-month period ending July 31, 2021, were not material.