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Segment Reporting

3 Months Ended

Apr. 30, 2018

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 17. Segment Reporting

In the third quarter of fiscal year 2017, the Company began reporting the results of its refined coal operations as a new segment as a result of the refined coal acquisition (see Note 4.) The Company has two segments: ethanol and by-products and refined coal. Historical amounts have been reclassified to conform to the current year segment reporting presentation. The Company evaluates the performance of each reportable segment based on net income attributable to REX common shareholders. The following table summarizes segment and other results and assets (amounts in thousands):

		Three Months Ended
		April 30,
		2018				2017
Net sales and revenue:
Ethanol and by-products		$	120,680			$	113,143
Refined coal 1			140				—
Total net sales and revenue		$	120,820			$	113,143

¹ The Company records sales in the refined coal segment net of the cost of coal as the Company purchases the coal feedstock from the customer to which refined coal is sold.

Segment gross profit (loss):
Ethanol and by-products		$	13,546			$	12,489
Refined coal			(2,695	)			—
Total gross profit		$	10,851			$	12,489

Income (loss) before income taxes:
Ethanol and by-products		$	11,009			$	8,923
Refined coal			(2,859	)			—
Corporate and other			(501	)			(921	)
Total income (loss) before income taxes		$	7,649			$	8,002

		Three Months Ended April 30,
		2018				2017
Benefit (provision) for income taxes:
Ethanol and by-products		$	(1,420	)		$	(2,705	)
Refined coal			3,999				—
Corporate and other			124				315
Total benefit (provision) for income taxes		$	2,703			$	(2,390	)
Segment profit (loss):
Ethanol and by-products		$	8,589			$	5,142
Refined coal			1,271				—
Corporate and other			(364	)			(598	)
Net income attributable to REX common shareholders		$	9,496			$	4,544

			April 30, 2018				January 31, 2018
Assets:
Ethanol and by-products		$	397,198			$	384,997
Refined coal			10,820				12,165
Corporate and other			68,546				81,702
Total assets		$	476,564			$	478,864

			Three Months Ended April 30,
			2018				2017
Sales of products, ethanol and by-products segment:
Ethanol		$	91,893			$	91,472
Dried distillers grains			20,083				15,149
Non-food grade corn oil			4,980				4,593
Modified distillers grains			3,717				1,920
Other			7				9
Total		$	120,680			$	113,143
Sales of products, refined coal segment:
Refined coal		$	140			$	—

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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