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Schedule I - CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY | 12 Months Ended
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Jan. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Schedule I – CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY REX AMERICAN RESOURCES CORPORATION AND SUBSIDIARIES CONDENSED BALANCE SHEETS PARENT COMPANY ONLY (Amounts in Thousands)
|  | January 31, |
ASSETS |  | 2013 |  |  | 2012 |
CURRENT ASSETS: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 47,744 |  |  | $ | 46,066 |
Accounts receivable - net |  |  | 280 |  |  |  | 203 |
Refundable income taxes |  |  | 1,347 |  |  |  | 1,816 |
Prepaid expenses and other |  |  | 259 |  |  |  | 253 |
Deferred taxes - net |  |  | 3,930 |  |  |  | 3,090 |
Total current assets |  |  | 53,560 |  |  |  | 51,428 |
Property and equipment - net |  |  | 12,365 |  |  |  | 16,404 |
Other assets |  |  | 1,045 |  |  |  | 1,825 |
Equity method investments |  |  | 189,012 |  |  |  | 196,871 |
Restricted investments and deposits |  |  | 503 |  |  |  | 1,363 |
TOTAL ASSETS |  | $ | 256,485 |  |  | $ | 267,891 |
LIABILITIES AND EQUITY |  | 2013 |  |  | 2012 |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |
Current portion of long term debt |  | $ | 187 |  |  | $ | 250 |
Accounts payable – trade |  |  | 40 |  |  |  | 148 |
Deferred income |  |  | 552 |  |  |  | 1,864 |
Accrued real estate taxes |  |  | 387 |  |  |  | 410 |
Accrued payroll and related items |  |  | 60 |  |  |  | 2,606 |
Other current liabilities |  |  | 1,308 |  |  |  | 1,565 |
Total current liabilities |  |  | 2,534 |  |  |  | 6,843 |
LONG TERM LIABILITIES: |  |  |  |  |  |  |  |
Long term debt |  |  | 433 |  |  |  | 821 |
Deferred taxes |  |  | 6,955 |  |  |  | 4,461 |
Deferred income |  |  | — |  |  |  | 552 |
Other long term liabilities |  |  | 211 |  |  |  | 2,703 |
Total long term liabilities |  |  | 7,599 |  |  |  | 8,537 |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |
EQUITY: |  |  |  |  |  |  |  |
REX shareholders’ equity: |  |  |  |  |  |  |  |
Common stock, 45,000 shares authorized, 29,853 shares issued at par |  |  | 299 |  |  |  | 299 |
Paid in capital |  |  | 143,575 |  |  |  | 142,994 |
Retained earnings |  |  | 322,028 |  |  |  | 324,323 |
Treasury stock, 21,701 and 21,523 shares, respectively |  |  | (219,550 | ) |  |  | (215,105 | )
Total shareholders’ equity |  |  | 246,352 |  |  |  | 252,511 |
TOTAL LIABILITIES AND EQUITY |  | $ | 256,485 |  |  | $ | 267,891 |
REX AMERICAN RESOURCES CORPORATION AND SUBSIDIARIES CONDENSED STATEMENTS OF OPERATIONS PARENT COMPANY ONLY (Amounts in Thousands)
|  | Years Ended January 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Net sales and revenue |  | $ | 1,570 |  |  | $ | 1,288 |  |  | $ | 1,000 |
Cost of sales |  |  | 1,864 |  |  |  | 2,465 |  |  |  | 1,287 |
Gross loss |  |  | (294 | ) |  |  | (1,177 | ) |  |  | (287 | )
Selling, general and administrative expenses |  |  | (2,897 | ) |  |  | (6,053 | ) |  |  | (5,438 | )
Equity in (loss) income of consolidated and unconsolidated ethanol affiliates |  |  | (1,451 | ) |  |  | 43,100 |  |  |  | 33,762 |
Bargain purchase gain, net |  |  | — |  |  |  | 3,541 |  |  |  | — |
Income from synthetic fuel investments |  |  | — |  |  |  | 2,883 |  |  |  | — |
Interest income |  |  | 129 |  |  |  | 369 |  |  |  | 1,173 |
Interest expense |  |  | (65 | ) |  |  | (85 | ) |  |  | (127 | )
Loss on early termination of debt |  |  | — |  |  |  | (1 | ) |  |  | (48 | )
Other income |  |  | 10 |  |  |  | 9 |  |  |  | 5 |
(Loss) income from continuing operations before income taxes |  |  | (4,568 | ) |  |  | 42,586 |  |  |  | 29,040 |
Benefit (provision) for income taxes |  |  | 1,644 |  |  |  | (15,957 | ) |  |  | (12,210 | )
(Loss) income from continuing operations |  |  | (2,924 | ) |  |  | 26,629 |  |  |  | 16,830 |
Income (loss) from discontinued operations, net of tax |  |  | 500 |  |  |  | 1,206 |  |  |  | (11,924 | )
Gain on disposal of discontinued operations, net of tax |  |  | 129 |  |  |  | 435 |  |  |  | 163 |
Net (loss) income |  | $ | (2,295 | ) |  | $ | 28,270 |  |  | $ | 5,069 |
CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME PARENT COMPANY ONLY (Amounts in Thousands)
|  | Years Ended January 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Net (loss) income |  | $ | (2,295 | ) |  | $ | 28,270 |  |  | $ | 5,069 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |
Reclassification adjustment for net gains included in net income, net of tax |  |  | — |  |  |  | — |  |  |  | (49 | )
Comprehensive (loss) income |  | $ | (2,295 | ) |  | $ | 28,270 |  |  | $ | 5,020 |
CONDENSED STATEMENTS OF CASH FLOWS PARENT COMPANY ONLY (Amounts in Thousands)
|  | Years Ended January 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (2,295 | ) |  | $ | 28,270 |  |  | $ | 5,069 |
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 937 |  |  |  | 967 |  |  |  | 2,358 |
Impairment charges and loss on deconsolidation, net of cash divested of $2,304 |  |  | — |  |  |  | — |  |  |  | 15,023 |
Impairment charges on real estate |  |  | 562 |  |  |  | 1,227 |  |  |  | 1,021 |
Loss (income) from equity method investments |  |  | 1,451 |  |  |  | (43,100 | ) |  |  | (29,691 | )
Dividends received from equity method investments |  |  | 6,267 |  |  |  | 9,995 |  |  |  | 4,965 |
Bargain purchase gain, net |  |  | — |  |  |  | (3,541 | ) |  |  | — |
Income from synthetic fuel investments |  |  | — |  |  |  | (2,883 | ) |  |  | — |
Loss (gain) on disposal of real estate and property and equipment |  |  | (133 | ) |  |  | (683 | ) |  |  | (293 | )
Deferred income |  |  | (1,864 | ) |  |  | (3,982 | ) |  |  | (7,816 | )
Deferred income tax |  |  | (908 | ) |  |  | 14,587 |  |  |  | 3,702 |
Changes in assets and liabilities, net of acquisition and deconsolidation: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | (77 | ) |  |  | 1 |  |  |  | 343 |
Prepaid expenses and other assets |  |  | 773 |  |  |  | 1,295 |  |  |  | 1,808 |
Income taxes refundable |  |  | 719 |  |  |  | 7,852 |  |  |  | 4,310 |
Accounts payable-trade |  |  | (108 | ) |  |  | 67 |  |  |  | (1,307 | )
Other liabilities |  |  | (2,762 | ) |  |  | 1,866 |  |  |  | (1,783 | )
Net cash provided by (used in) operating activities |  |  | 2,562 |  |  |  | 11,938 |  |  |  | (2,291 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | — |  |  |  | (66 | ) |  |  | (356 | )
Proceeds from synthetic fuel investments |  |  | — |  |  |  | 2,883 |  |  |  | — |
Purchase of investments |  |  | — |  |  |  | (21,625 | ) |  |  | (9,214 | )
Proceeds of note receivable |  |  | — |  |  |  | — |  |  |  | 965 |
Proceeds from sale of real estate and property and equipment |  |  | 2,815 |  |  |  | 4,345 |  |  |  | 7,986 |
Restricted investments |  |  | 860 |  |  |  | 237 |  |  |  | 500 |
Net cash provided by (used in) investing activities |  |  | 3,675 |  |  |  | (14,226 | ) |  |  | (119 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Payments of long term debt |  |  | (451 | ) |  |  | (1,195 | ) |  |  | (701 | )
Stock options exercised |  |  | 265 |  |  |  | 362 |  |  |  | 1,518 |
Repayments of contingent consideration liability |  |  | — |  |  |  | (1,251 | ) |  |  | — |
Treasury stock acquired |  |  | (4,373 | ) |  |  | (22,218 | ) |  |  | (8,229 | )
Net cash used in financing activities |  |  | (4,559 | ) |  |  | (24,302 | ) |  |  | (7,412 | )
NET DECREASE IN CASH AND CASH EQUIVALENTS |  |  | 1,678 |  |  |  | (26,590 | ) |  |  | (9,822 | )
CASH AND CASH EQUIVALENTS-Beginning of year |  |  | 46,066 |  |  |  | 72,656 |  |  |  | 82,478 |
CASH AND CASH EQUIVALENTS-End of year |  | $ | 47,744 |  |  | $ | 46,066 |  |  | $ | 72,656 |
Non cash activities-Cashless exercises of stock options |  | $ | 1,071 |  |  | $ | 3,444 |  |  | $ | — |
NOTES TO CONDENSED FINANCIAL STATEMENTS PARENT COMPANY ONLY 1. BASIS OF PRESENTATION Rex American Resources Corporation, the Parent Company, is a holding company that conducts substantially all of its business operations (excluding real estate) through its subsidiaries. Pursuant to certain of its subsidiaries’ debt agreements, there are restrictions on the Parent Company’s ability to obtain funds from certain of its subsidiaries through dividends, loans or advances. See Note 10 in the Notes to the Consolidated Financial Statements for a further discussion. Accordingly, these condensed financial statements have been presented on a parent company only basis. Under such presentation, the Parent Company’s investments in its consolidated subsidiaries are presented under the equity method of accounting. These Parent Company only financial statements should be read in conjunction with REX American Resources Corporation’s audited consolidated financial statements. 2. LONG-TERM DEBT Long-term debt consists of notes payable secured by certain land, buildings and equipment. Interest rates were fixed at 8.4% in fiscal years 2012 and 2011. Principal and interest are payable periodically over terms that generally range up to 3 years. Annual expected maturities of long-term debt are as follows (amounts in thousands):
Year Ending |  |  |
January 31, |  |  |  |
2014 |  | $ | 187 |
2015 |  |  | 221 |
2016 |  |  | 212 |
|  | $ | 620 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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