Segment Reporting

3 Months Ended

Apr. 30, 2017

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

The Company's reportable segments are defined by their product lines which have been grouped in these segments based on technology, manufacturing processes, and end-use application. Raven's reportable segments are Applied Technology, Engineered Films, and Aerostar. The Company measures the performance of its segments based on their operating income excluding general and administrative expenses. Other expense and income taxes are not allocated to individual operating segments, and assets not identifiable to an individual segment are included as corporate assets. Separate financial information is available and regularly evaluated by the Company's chief operating decision-maker, the President and Chief Executive Officer, in making resource allocation decisions for the Company's reportable segments. Segment information is reported consistent with the Company's management reporting structure.

Business segment net sales and operating income results are as follows:

	Three Months Ended
	April 30, 2017			April 30, 2016
Net sales
Applied Technology	$	40,490		$	31,456
Engineered Films	43,555			29,100
Aerostar	9,606			7,895
Intersegment eliminations (a)	(116		)	(91		)
Consolidated net sales	$	93,535		$	68,360
Operating income(b)
Applied Technology	$	13,453		$	8,693
Engineered Films	8,720			3,878
Aerostar	1,418			(178		)
Intersegment eliminations	(2		)	(5		)
Total reportable segment income	23,589			12,388
General and administrative expenses(c)	(5,370		)	(4,338		)
Consolidated operating income	$	18,219		$	8,050

^(a)Intersegment sales for both fiscal 2018 and 2017 were primarily sales from Engineered Films to Aerostar.

^(b)At the segment level, operating income does not include an allocation of general and administrative expenses.

^(c) 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 a deduction from "Total reportable segment income" to reconcile to "Operating income" reported in the Consolidated Statements of Income and Comprehensive Income.