Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Oct. 31, 2011	Jan. 31, 2011	Oct. 31, 2010
Current Assets
Cash and cash equivalents	$ 44,223	$ 37,563	$ 28,470
Short-term investments	0	1,000	1,500
Accounts receivable, net of allowances of $200, $300, and $299, respectively	50,661	39,967	48,733
Inventories:
Materials	33,905	30,261	26,189
In process	8,238	5,424	6,209
Finished goods	7,713	7,994	4,725
Total inventories	49,856	43,679	37,123
Deferred income taxes	2,714	2,733	2,699
Prepaid expenses and other current assets	1,867	3,239	2,996
Total current assets	149,321	128,181	121,521
Property, plant and equipment	121,988	102,080	96,063
Accumulated depreciation	(65,082)	(60,558)	(58,851)
Property, plant and equipment, net	56,906	41,522	37,212
Goodwill	10,777	10,777	10,777
Amortizable intangible assets, net	1,738	1,585	1,741
Other assets, net	4,395	5,695	6,166
TOTAL ASSETS	223,137	187,760	177,417
Current Liabilities
Accounts payable	17,568	16,715	11,343
Accrued liabilities	13,862	14,643	15,113
Taxes — accrued and withheld	2,912	1,453	2,034
Customer advances	2,356	1,524	1,105
Total current liabilities	36,698	34,335	29,595
Other liabilities	13,582	12,211	11,683
Total liabilities	50,280	46,546	41,278
Commitments and contingencies
Shareholders’ equity:
Common stock, $1 par value, authorized shares 100,000; issued 32,548, 32,511 and 32,492, respectively	32,548	32,511	32,492
Paid in capital	8,770	7,060	6,432
Retained earnings	185,911	156,125	151,613
Accumulated other comprehensive loss	(1,043)	(1,120)	(1,036)
Less treasury stock, at cost, 14,449 shares	(53,362)	(53,362)	(53,362)
Total Raven Industries Inc. shareholders’ equity	172,824	141,214	136,139
Noncontrolling interest	33	0	0
Total shareholders’ equity	172,857	141,214	136,139
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 223,137	$ 187,760	$ 177,417