| Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
382,530 | 406,668 | 377,317 | 277,395 | 258,229 | 378,153 | 394,677 | 406,175 | 381,511 | 314,708 | 237,782 |
Cost of sales | ||||||||||
258,783 | 274,119 | 255,752 | 199,205 | 191,255 | 274,907 | 275,323 | 278,502 | 265,319 | 223,279 | 169,930 |
Gross profit | ||||||||||
123,747 | 132,549 | 121,565 | 78,190 | 66,974 | 103,246 | 119,354 | 127,673 | 116,192 | 91,429 | 67,852 |
Research and development expenses | ||||||||||
31,558 | 26,174 | 16,936 | 16,312 | 14,686 | 17,440 | 16,576 | 13,367 | 9,724 | 7,604 | 5,843 |
Selling, general and administrative expenses | ||||||||||
52,250 | 51,242 | 45,200 | 33,378 | 32,574 | 42,005 | 38,784 | 36,614 | 30,827 | 24,073 | 18,789 |
Goodwill impairment loss | ||||||||||
- | - | - | - | 11,497 | 0 | 0 | - | - | - | - |
Long-lived asset impairment loss | ||||||||||
0 | 0 | 259 | 87 | 3,826 | 0 | 0 | - | - | - | - |
Gain on disposition of assets | ||||||||||
- | - | - | - | - | - | - | - | - | 451 | 0 |
Operating income | ||||||||||
39,939 | 55,133 | 59,170 | 28,413 | 4,391 | 43,801 | 63,994 | 77,692 | 75,641 | 60,203 | 43,220 |
Other income (expense), net | ||||||||||
95 | 6,437 | -184 | -560 | -310 | -300 | -371 | -46 | 57 | 79 | 102 |
Income before income taxes | ||||||||||
40,034 | 61,570 | 58,986 | 27,853 | 4,081 | 43,501 | 63,623 | 77,646 | 75,698 | 60,282 | 43,322 |
Income tax expense | ||||||||||
5,421 | 9,697 | 17,967 | 7,661 | -767 | 11,705 | 20,721 | 25,091 | 25,063 | 19,745 | 14,748 |
Net income | ||||||||||
34,613 | 51,873 | 41,019 | 20,192 | 4,848 | 31,796 | 42,902 | 52,555 | 50,635 | 40,537 | 28,574 |
Net income (loss) attributable to noncontrolling interest | ||||||||||
-583 | 79 | -3 | 1 | 72 | 63 | -1 | 10 | 66 | 0 | 0 |
Net income attributable to Raven Industries, Inc. | ||||||||||
35,196 | 51,794 | 41,022 | 20,191 | 4,776 | 31,733 | 42,903 | 52,545 | 50,569 | 40,537 | 28,574 |
Net income per common share: | ||||||||||
─ Basic (in usd per share) | ||||||||||
0.98 | 1.44 | 1.14 | 0.56 | 0.13 | 0.86 | 1.18 | 1.45 | 1.40 | 1.12 | 1.58 |
─ Diluted (in usd per share) | ||||||||||
0.97 | 1.42 | 1.13 | 0.56 | 0.13 | 0.86 | 1.17 | 1.44 | 1.39 | 1.12 | 1.58 |
Comprehensive income: | ||||||||||
Net income | ||||||||||
34,613 | 51,873 | 41,019 | 20,192 | 4,848 | 31,796 | 42,902 | 52,555 | 50,635 | 40,537 | 28,574 |
Other comprehensive income (loss), net of tax: | ||||||||||
Foreign currency translation | ||||||||||
-994 | -1,045 | 1,234 | 50 | -729 | -1,466 | -424 | -3 | -38 | 127 | 179 |
Postretirement benefits, net of income tax (expense) benefit of $251, $(99), and $44, respectively | ||||||||||
865 | -342 | 131 | 225 | -3,077 | 2,204 | -340 | 130 | 804 | 46 | -226 |
Other comprehensive income (loss), net of tax | ||||||||||
-1,859 | -703 | 1,103 | -175 | 2,348 | -3,670 | -84 | -133 | -842 | 81 | -47 |
Comprehensive income | ||||||||||
32,754 | 51,170 | 42,122 | 20,017 | 7,196 | 28,126 | 42,818 | 52,422 | 49,793 | 40,618 | 28,527 |
Comprehensive income attributable to noncontrolling interest | ||||||||||
-583 | 79 | -3 | 1 | 72 | 63 | -1 | 10 | 66 | 0 | 0 |
Comprehensive income attributable to Raven Industries, Inc. | ||||||||||
33,337 | 51,091 | 42,125 | 20,016 | 7,124 | 28,063 | 42,819 | 52,412 | 49,727 | 40,618 | 28,527 |
Income tax (expense) benefit on postretirement benefits | ||||||||||
251 | -99 | 44 | - | - | - | - | - | - | - | - |