CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 188,531	$ 190,988
Restricted cash	281	354
Short-term investments	14,975
Accounts receivable	11,378	12,913
Inventory	18,477	20,755
Refundable income taxes	7,695	6,612
Prepaid expenses and other	9,284	7,412
Total current assets	250,621	239,034
Property and equipment - net	182,521	197,827
Other assets	6,176	7,454
Equity method investments	32,075	34,549
TOTAL ASSETS	471,393	478,864
CURRENT LIABILITIES:
Accounts payable – trade	7,463	8,149
Accrued expenses and other current liabilities	9,546	13,716
Total current liabilities	17,009	21,865
LONG TERM LIABILITIES:
Deferred taxes	4,185	21,706
Other long term liabilities	4,928	3,367
Total long term liabilities	9,113	25,073
EQUITY:
Common stock, 45,000 shares authorized, 29,853 shares issued at par	299	299
Paid in capital	148,273	146,923
Retained earnings	579,558	547,913
Treasury stock, 23,580 and 23,287 shares, respectively	(335,193)	(313,643)
Total REX shareholders’ equity	392,937	381,492
Noncontrolling interests	52,334	50,434
Total equity	445,271	431,926
TOTAL LIABILITIES AND EQUITY	$ 471,393	$ 478,864

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- Definition

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).