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Financial Instruments
9 Months Ended
Oct. 31, 2014
Disclosure Text Block Supplement [Abstract]  
Financial Instruments Disclosure [Text Block]

Note 9. Financial Instruments


The Company used an interest rate swap, which expired during the third quarter of fiscal year 2014, to manage its interest rate exposure at One Earth by fixing the interest rate on a portion of the entity’s variable rate debt. The Company does not engage in trading activities involving derivative contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques.


As the interest rate swap was not designated as a cash flow hedge, the unrealized gain and loss on the derivative is reported in current earnings. The Company reported a gain of $4,000 in the third quarter of fiscal year 2014 and a loss of $23,000 in the third quarter of fiscal year 2013. The Company reported losses of $1,000 and $29,000 in the first nine months of fiscal years 2014 and 2013, respectively.