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Investments
 3 Months Ended
Apr. 30, 2020
Disclosure Text Block Supplement [Abstract]  
Investment [Text Block]

Note 9. Investments


The following table summarizes the Company’s equity method investment at April 30, 2020 and January 31, 2020 (dollars in thousands):


         Carrying Amount 
Entity   Ownership Percentage    April 30, 2020    January 31, 2020 
                
Big River   10.3%    $29,982    $32,464 

Undistributed earnings of the Company’s equity method investee totaled approximately $10.0 million and approximately $12.4 million at April 30, 2020 and January 31, 2020, respectively. The Company received dividends from its equity method investee of approximately $2.0 million in the first quarter of fiscal year 2020. The company received no dividends from its equity method investee in the first quarter of fiscal year 2019.


Summarized financial information for the Company’s equity method investee is presented in the following table for the periods presented (amounts in thousands):


   Three Months Ended
April 30,
   2020  2019
       
Net sales and revenue  $197,632   $184,069 
Gross (loss) profit  $(5,943)  $1,569 
(Loss) income from continuing operations  $(4,626)   $1,227 
Net (loss) income  $(4,626)   $1,227 

At April 30, 2020, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $32,601,000. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 1.3%. Unrealized gains or losses were insignificant.


At January 31, 2020, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $26,073,000. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 1.8%. Unrealized gains or losses were insignificant.