XML 96 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
INCOME TAXES (Tables)
 12 Months Ended
Jan. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] The provision (benefit) for income taxes from continuing operations for fiscal years 2014, 2013 and 2012 consists of the following (amounts in thousands):

    2014     2013     2012  
Federal:                        
Current   $ 23,452     $ 2,974     $ —  
Deferred     20,717       15,402       (1,518 )
                         
      44,169       18,376       (1,518 )
State and Local:                        
Current     3,536       2,154       —  
Deferred     1,944       221       (30 )
                         
      5,480       2,375       (30 )
Provision (benefit) for income taxes   $ 49,649     $ 20,751     $ (1,548 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] The tax effects of significant temporary differences representing deferred tax assets and liabilities are as follows as of January 31, 2015 and 2014 (amounts in thousands):

    January 31,  
    2015     2014  
Assets:                
Accrued liabilities   $ 664     $ 331  
Stock based compensation     —       185  
AMT credit carryforward     4,015       19,751  
Alcohol fuels tax credit     —       546  
State net operating loss carryforward     1,343       2,833  
Other items     624       396  
Valuation allowance     (1,752 )     (2,017 )
                 
Total     4,894       22,025  
Liabilities:                
Basis in pass through entities, including depreciation     (44,783 )     (39,195 )
Other     (516 )     (297 )
                 
Total     (45,299 )     (39,492 )
Net deferred tax liability   $ (40,405 )   $ (17,467 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] The effective income tax rate on consolidated pre-tax income or loss differs from the federal income tax statutory rate for fiscal years 2014, 2013 and 2012 as follows:

    2014     2013     2012  
                         
Federal income tax at statutory rate     35.0 %     35.0 %     35.0 %
State and local taxes, net of federal tax benefit     3.6       4.5       5.6  
Net change in valuation allowance     (0.2 )     0.2       (5.0 )
Domestic production activities deduction     (1.1 )     (1.5 )     —  
Uncertain tax positions     —       (0.1 )     (1.5 )
Noncontrolling interest     (4.0 )     (3.4 )     6.7  
Other     (0.8 )     (0.1 )     1.8  
                         
Total     32.5 %     34.6 %     42.6 %
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] A reconciliation of the beginning and ending amount of unrecognized tax benefits, including interest and penalties, is as follows (dollars in thousands):

    Years Ended  
    January 31,  
      2015       2014  
                 
Unrecognized tax benefits, beginning of year   $ 1,862     $ 2,157  
Changes for tax positions for prior years     (204 )     (295 )
Changes for tax positions for current year     —       —  
                 
Unrecognized tax benefits, end of year   $ 1,658     $ 1,862