Business Segments and Major Customer Information (Tables)

12 Months Ended

Jan. 31, 2015

Segment Reporting [Abstract]

Business Segments and Major Customer Information

NOTE 13 BUSINESS SEGMENTS AND MAJOR CUSTOMER INFORMATION

The Company's reportable segments are defined by their product lines which have been grouped in these segments based on common technologies, production methods, and inventories. These segments reflect the Company's organization into two Raven divisions and the Aerostar subsidiary. The Company's reportable segments are Applied Technology Division, Engineered Films Division, and Aerostar Division. Raven Canada, SBG, Raven GmbH, Raven Australia, and Raven Brazil are included in the Applied Technology Division. Vista and AIS are included in the Aerostar Division. Substantially all of the Company's long-lived assets are located in the United States.

Applied Technology designs, manufactures, sells, and services innovative precision agriculture products and information management tools that help growers reduce costs, save time and improve farm yields around the world.  Their product families include field computers, application controls, GPS-guidance and assisted-steering systems, automatic boom controls, yield monitoring and planter and seeder controls, harvest controls, motor controls, and an integrated RTK and information platform called Slingshot™. Applied Technology services include high-speed, in-field internet connectivity and cloud-based data management.

The Company's Engineered Films Division manufactures high-performance plastic films and sheeting for major markets throughout the United States and abroad. An important part of this business is highly technical, engineered geomembrane films that protect environmental resources through containment linings and coverings for energy, agriculture, construction, and industrial markets.

Aerostar designs and manufactures proprietary products including high-altitude balloons, tethered aerostats, and radar processing systems. These products can be integrated with additional third-party sensors to provide research, communications, and situational awareness to government and commercial customers. As the Company focused its growth strategy on its proprietary products, the Company made an intentional choice to move away from contract manufacturing. For Aerostar, product lines such as manufacturing military parachutes, uniforms and protective wear along with electronics manufacturing services are being phased out.

Through Vista and AIS, Aerostar pursues potential product and support services contracts for agencies and instrumentalities of the U.S. government. Vista positions the Company to meet growing global demand for lower-cost detection and tracking systems used by government and law enforcement agencies. As a leading provider of surveillance systems that enhance the effectiveness of radar using sophisticated algorithms, Vista products and services enhance Aerostar’s tethered aerostat security solutions.

The Company measures the performance of its segments based on their operating income excluding administrative and general expenses. The accounting policies of the operating segments are the same as those described in Note 1 Summary of Significant Accounting Policies. Other income, interest expense, and income taxes are not allocated to individual operating segments, and assets not identifiable to an individual segment are included as corporate assets. Segment information is reported consistent with the Company's management reporting structure.

Business segment information is as follows:
	For the years ended January 31,
	2015			2014			2013
APPLIED TECHNOLOGY DIVISION
Sales	$	142,154		$	170,461		$	171,778
Operating income	34,557			57,000			59,590
Assets	88,764			93,395			84,224
Capital expenditures	3,478			9,324			10,780
Depreciation and amortization	5,569			4,332			3,874
ENGINEERED FILMS DIVISION
Sales	$	166,634		$	147,620		$	141,976
Operating income	21,802			18,154			25,115
Assets	140,023			71,602			65,801
Capital expenditures	8,241			6,681			11,539
Depreciation and amortization	6,096			5,808			5,814
AEROSTAR DIVISION
Sales	$	80,772		$	90,605		$	102,051
Operating income	8,983			7,816			10,341
Assets	59,274			63,017			60,689
Capital expenditures	2,799			7,507			2,081
Depreciation and amortization	3,474			2,616			2,272
INTERSEGMENT ELIMINATIONS
Sales
Applied Technology Division	$	(231	)	$	(386	)	$	(974	)
Engineered Films Division	(652		)	(505		)	(124		)
Aerostar Division	(10,524		)	(13,118		)	(8,532		)
Operating income	163			(111		)	(61		)
Assets	(148		)	(311		)	(347		)
REPORTABLE SEGMENTS TOTAL
Sales	$	378,153		$	394,677		$	406,175
Operating income	65,505			82,859			94,985
Assets	287,913			227,703			210,367
Capital expenditures	14,518			23,512			24,400
Depreciation and amortization	15,139			12,756			11,960
CORPORATE & OTHER
Operating (loss) from administrative expenses	$	(21,704	)	$	(18,865	)	$	(17,293	)
Assets(a)	74,960			74,116			62,843
Capital expenditures	2,523			7,189			5,275
Depreciation and amortization	2,230			1,439			1,138
TOTAL COMPANY
Sales	$	378,153		$	394,677		$	406,175
Operating income	43,801			63,994			77,692
Assets	362,873			301,819			273,210
Capital expenditures	17,041			30,701			29,675
Depreciation and amortization	17,369			14,195			13,098

^(a) Assets are principally cash, investments, deferred taxes and other receivables.

Sales to a customer of the Engineered Films segment accounted for 14%, 13%, and 11% of consolidated sales in fiscal years 20152014 and 2013, respectively and accounted for 5%, 2%, and 3% of consolidated accounts receivable at January 31, 2015, 2014, and 2013, respectively.

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,
	2015		2014		2013
Canada	$	14,432	$	16,141	$	20,640
South America	9,884		22,090		14,984
Other foreign sales	12,519		7,662		13,630
Total foreign sales	36,835		45,893		49,254
United States	341,318		348,784		356,921
	$	378,153	$	394,677	$	406,175

Segment reporting information

Business segment information is as follows:
	For the years ended January 31,
	2015			2014			2013
APPLIED TECHNOLOGY DIVISION
Sales	$	142,154		$	170,461		$	171,778
Operating income	34,557			57,000			59,590
Assets	88,764			93,395			84,224
Capital expenditures	3,478			9,324			10,780
Depreciation and amortization	5,569			4,332			3,874
ENGINEERED FILMS DIVISION
Sales	$	166,634		$	147,620		$	141,976
Operating income	21,802			18,154			25,115
Assets	140,023			71,602			65,801
Capital expenditures	8,241			6,681			11,539
Depreciation and amortization	6,096			5,808			5,814
AEROSTAR DIVISION
Sales	$	80,772		$	90,605		$	102,051
Operating income	8,983			7,816			10,341
Assets	59,274			63,017			60,689
Capital expenditures	2,799			7,507			2,081
Depreciation and amortization	3,474			2,616			2,272
INTERSEGMENT ELIMINATIONS
Sales
Applied Technology Division	$	(231	)	$	(386	)	$	(974	)
Engineered Films Division	(652		)	(505		)	(124		)
Aerostar Division	(10,524		)	(13,118		)	(8,532		)
Operating income	163			(111		)	(61		)
Assets	(148		)	(311		)	(347		)
REPORTABLE SEGMENTS TOTAL
Sales	$	378,153		$	394,677		$	406,175
Operating income	65,505			82,859			94,985
Assets	287,913			227,703			210,367
Capital expenditures	14,518			23,512			24,400
Depreciation and amortization	15,139			12,756			11,960
CORPORATE & OTHER
Operating (loss) from administrative expenses	$	(21,704	)	$	(18,865	)	$	(17,293	)
Assets(a)	74,960			74,116			62,843
Capital expenditures	2,523			7,189			5,275
Depreciation and amortization	2,230			1,439			1,138
TOTAL COMPANY
Sales	$	378,153		$	394,677		$	406,175
Operating income	43,801			63,994			77,692
Assets	362,873			301,819			273,210
Capital expenditures	17,041			30,701			29,675
Depreciation and amortization	17,369			14,195			13,098

^(a) Assets are principally cash, investments, deferred taxes 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,
	2015		2014		2013
Canada	$	14,432	$	16,141	$	20,640
South America	9,884		22,090		14,984
Other foreign sales	12,519		7,662		13,630
Total foreign sales	36,835		45,893		49,254
United States	341,318		348,784		356,921
	$	378,153	$	394,677	$	406,175