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Investments
 9 Months Ended
Oct. 31, 2020
Disclosure Text Block Supplement [Abstract]  
Investment [Text Block]

Note 9. Investments

 

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

 

   Ownership  Carrying Amount
Entity  Percentage      October 31, 2020     January 31, 2020
          
Big River  10.3%  $30,126  $32,464

 

Undistributed earnings of the Company’s equity method investee totaled approximately $10.1 million and approximately $12.4 million at October 31, 2020 and January 31, 2020, respectively. The Company received dividends from its equity method investee of approximately $2.5 million and approximately $1.0 million during the first nine months of fiscal years 2020 and 2019, respectively.

 

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
October 31,		   Nine Months Ended
October 31,		 
   2020   2019   2020   2019 
                 
Net sales and revenue  $209,397   $220,387   $537,155   $598,187 
Gross profit  $15,419   $10,269   $13,041   $18,864 
Income (loss) from continuing operations  $11,167   $(149)   $1,627   $3,397 
Net income (loss)  $11,167   $(149)   $1,627   $3,397 

 

At October 31, 2020, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $29,216,000. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 0.2%. 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.