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SEGMENT REPORTING
 12 Months Ended
Jan. 31, 2013
Segment Reporting Disclosure [Text Block]
17. SEGMENT REPORTING

The Company has two segments: alternative energy and real estate. The Company evaluates the performance of each reportable segment based on segment profit. Segment profit excludes income taxes, indirect interest expense, discontinued operations, indirect interest income and certain other items that are included in net income determined in accordance with accounting principles generally accepted in the United States of America. Amounts below include corporate activities that are not separately reportable and income from synthetic fuel investments (amounts in thousands):


    Years Ended January 31,  
    2013     2012     2011  
Net sales and revenues:                        
Alternative energy   $ 656,167     $ 408,635     $ 234,545  
Real estate     1,570       1,288       1,000  
Total net sales and revenues   $ 657,737     $ 409,923     $ 235,545  
                         
Segment gross profit (loss):                        
Alternative energy   $ 13,830     $ 35,179     $ 33,842  
Real estate     (294 )     (1,177 )     (287 )
Total gross profit   $ 13,536     $ 34,002     $ 33,555  
                         
Segment profit (loss):                        
                         
Alternative energy segment (loss) profit   $ (1,027 )   $ 48,580     $ 37,682  
Real estate segment loss     (511 )     (1,376 )     (467 )
Corporate expenses     (2,340 )     (2,307 )     (2,724 )
Interest expense     (65 )     (86 )     (175 )
Interest income     87       320       329  
Income from synthetic fuel investments     —       2,883       —  
(Loss) income from continuing operations  before income taxes   $ (3,856 )   $ 48,014     $ 34,645  
                         
Sales of products alternative energy segment:                        
Ethanol     76 %     82 %     83 %
Dried distillers grains     18 %     17 %     17 %
Modified distillers grains     4 %     1 %     — %
Other     2 %     — %     — %
Total     100 %     100 %     100 %
                         
Sales of services real estate segment:                        
Leasing     100 %     100 %     100 %
                         
Interest income:                        
Alternative energy   $ 37     $ 48     $ 68  
Real estate     42       48       39  
Unallocated     87       320       329  
                         
Total interest income   $ 166     $ 416     $ 436  

    Years Ended January 31,  
    2013     2012     2011  
Depreciation and amortization expense:                        
Alternative energy   $ 16,073     $ 11,653     $ 11,315  
Real estate     487       351       261  
Unallocated     —       —       182  
Total depreciation and amortization expense   $ 16,560     $ 12,004     $ 11,758  
                         
Equity in income of unconsolidated affiliates:                        
Alternative energy   $ 627     $ 21,532     $ 14,558  
Real estate     —       —       —  
Total equity in income of unconsolidated affiliates   $ 627     $ 21,532     $ 14,558  
                         

    Years Ended January 31,  
    2013     2012     2011  
Additions to property and equipment:                        
Alternative energy   $ 2,802     $ 7,276     $ 5,677  
Real estate     —       66       356  
Total additions to property and equipment   $ 2,802     $ 7,342     $ 6,033  
                         
Assets:                        
Alternative energy   $ 337,857     $ 367,029     $ 257,202  
Real estate     13,326       17,458       22,235  
Corporate and other     54,147       53,562       96,285  
Total assets   $ 405,330     $ 438,049     $ 375,722  
                         
Additions to other long lived assets:                        
Alternative energy   $ 645     $ 2,624     $ 10,112  
Real estate     —       —       —  
Total additions to other long lived assets   $ 645     $ 2,624     $ 10,112  
                         
Long term debt:                        
Alternative energy   $ 90,873     $ 107,706     $ 69,049  
Corporate and other     433       821       1,924  
Total long term debt   $ 91,306     $ 108,527     $ 70,973  

Additions to other long lived assets represent primarily equity method investments and long term refundable real estate taxes.


Certain corporate costs and expenses, including information technology, employee benefits, and other shared services, are allocated to the business segments. The allocations are generally amounts agreed upon by management, which may differ from amounts that would be incurred if such services were purchased separately by the business segment. Corporate assets are primarily cash and equivalents, deferred income tax benefits and refundable income taxes.


Cash, except for cash held by One Earth and NuGen, is considered to be fungible and available for both corporate and segment use depending on liquidity requirements. Cash of approximately $21.3 million held by One Earth and NuGen will be used primarily to fund working capital needs for the subsidiaries.