XML 138 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting
 6 Months Ended
Jul. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 15. 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 GAAP. Segment profit includes realized and unrealized gains and losses on derivative financial instruments. The following table summarizes segment and other results and assets (amounts in thousands):


      Three Months Ended July 31,       Six Months Ended July 31,  
      2013       2012       2013       2012  
Net sales and revenue:                                
Alternative energy   $ 175,290     $ 152,778     $ 353,614     $ 303,442  
Real estate     427       386       850       729  
Total net sales and revenues   $ 175,717     $ 153,164     $ 354,464     $ 304,171  
                                 
Segment gross profit (loss):                                
Alternative energy   $ 10,890     $ 7,027     $ 19,916     $ 12,537  
Real estate     115       (69 )     195       (81 )
Total gross profit   $ 11,005     $ 6,958     $ 20,111     $ 12,456  

      Three Months Ended July 31,       Six Months Ended July 31,  
      2013       2012       2013       2012  
Segment profit (loss):                                
Alternative energy   $ 11,114     $ 2,432     $ 17,740     $ 4,901  
Real estate     53       (114 )     72       (216 )
Corporate expense     (732 )     (623 )     (1,432 )     (1,131 )
Interest expense     (8 )     (21 )     (17 )     (23 )
Interest income     18       19       36       49  
Income from continuing operations before income taxes and noncontrolling interests   $ 10,445     $ 1,693     $ 16,399     $ 3,580  

      July
31, 2013 		      January
31, 2013 		                 
Assets:                                
Alternative energy   $ 346,313     $ 337,857                  
Real estate     12,422       13,326                  
Corporate     49,967       54,147                  
Total assets   $ 408,702     $ 405,330                  

      Three Months Ended July 31,       Six Months Ended July 31,  
      2013       2012       2013       2012  
Sales of products alternative energy segment:                                
Ethanol     76 %     76 %     75 %     77 %
Distillers grains     21 %     21 %     22 %     20 %
Other     3 %     3 %     3 %     3 %
Total     100 %     100 %     100 %     100 %
                                 
Sales of services real estate segment:                                
Lease revenue     100 %     100 %     100 %     100 %

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 and are based on a reasonable and systematic approach, 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 deferred income tax benefits.


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 $21.2 million held by One Earth and NuGen will be used by the subsidiaries primarily to fund liquidity requirements and maintain adequate working capital levels.