XML 38 R24.htm IDEA: XBRL DOCUMENT v3.19.1

Note 5 - Revenue Recognition (Tables)

12 Months Ended

Jan. 31, 2019

Notes Tables

Disaggregation of Revenue [Table Text Block]

	2018			2017
	Sales	% to Total		Sales	% to Total
Products	13,576	11%		8,495	8%
Specialty Piping Systems and Coating
Revenue recognized under input method	40,525	31%		39,891	38%
Revenue recognized under output method	74,864	58%		56,862	54%
Total	128,965	100%		105,248	100%

Contract with Customer, Asset and Liability [Table Text Block]

	Contract Assets
Balance January 31, 2018	$1,502
Costs and gross profit recognized during the period for uncompleted contracts from the prior period	(6,458)
Costs and deferred gross profit incurred on uncompleted contracts not billed at the end of the current period	6,609
Closing Balance at January 31, 2019	1,653
	Contract Liabilities
Balance January 31, 2018	$1,967
Revenue recognized during the period for uncompleted contracts from the prior period	(3,222)
New contracts entered into that are uncompleted at the end of the current period	2,824
Closing Balance at January 31, 2019	1,569

Schedule of Assumptions for Long-Duration Contracts by Product and Guarantee [Table Text Block]

(In thousands)		2018				2017
Costs incurred on uncompleted contracts		$	12,348			$	11,955
Estimated earnings			7,430				6,336
Earned revenue			19,778				18,291
Less billings to date			19,694				18,756
Costs in excess of billings, net		$	84			$	(465	)
Balance sheet classification
Contract assets: Costs and estimated earnings in excess of billings on uncompleted contracts		$	1,653			$	1,502
Contract liabilities: Billings in excess of costs and estimated earnings on uncompleted contracts			(1,569	)			(1,967	)
Costs in excess of billings, net		$	84			$	(465	)

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the underlying assumptions and percentages or rates used in determining the fair value of guarantee obligations for each type of long-duration contract.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 80
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6484115&loc=d3e19393-158473

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6482852&loc=d3e14944-158439

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6482852&loc=d3e14931-158439

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6482852&loc=d3e14937-158439

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6481800&loc=d3e11318-158416

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 20
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6588021&loc=d3e7104-158389

+ Details

Name:	us-gaap_ScheduleOfAssumptionsForLongDurationContractsByProductAndGuaranteeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration