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SEGMENT REPORTING | 12 Months Ended
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Jan. 31, 2021
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] |
| 13. | SEGMENT REPORTING
The Company has two segments: ethanol and by-products and refined coal. The Company evaluates the performance of each reportable segment based on net income attributable to REX common shareholders. Segment profitability measures are determined using the same accounting policies used in the preparation of the consolidated financial statements. The following tables summarize segment and other results and assets (amounts in thousands):
|  | Fiscal Year |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Net sales and revenue: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 372,664 |  |  | $ | 417,700 |  |  | $ | 485,885 |
Refined coal 1 |  |  | 182 |  |  |  | 334 |  |  |  | 786 |
Total net sales and revenue |  | $ | 372,846 |  |  | $ | 418,034 |  |  | $ | 486,671 |
Segment gross profit (loss): |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 19,533 |  |  | $ | 20,402 |  |  | $ | 43,856 |
Refined coal |  |  | (5,672) |  |  |  | (7,917) |  |  |  | (13,641) |
Total gross profit |  | $ | 13,861 |  |  | $ | 12,485 |  |  | $ | 30,215 |
(Loss) income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 6,696 |  |  | $ | 8,469 |  |  | $ | 31,545 |
Refined coal |  |  | (5,826) |  |  |  | (7,778) |  |  |  | (15,204) |
Corporate and other |  |  | (2,352) |  |  |  | (1,860) |  |  |  | (1,753) |
Total (loss) income before income taxes |  | $ | (1,482) |  |  | $ | (1,169) |  |  | $ | 14,588 |
Benefit (provision) for income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | (31) |  |  | $ | 1,528 |  |  | $ | (2,343) |
Refined coal |  |  | 6,554 |  |  |  | 10,828 |  |  |  | 24,674 |
Corporate and other |  |  | 577 |  |  |  | 457 |  |  |  | 591 |
Total benefit for income taxes |  | $ | 7,100 |  |  | $ | 12,813 |  |  | $ | 22,922 |
Net income attributable to REX common shareholders: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 3,788 |  |  | $ | 5,439 |  |  | $ | 23,346 |
Refined coal |  |  | 988 |  |  |  | 3,391 |  |  |  | 10,148 |
Corporate and other |  |  | (1,775) |  |  |  | (1,403) |  |  |  | (1,849) |
Net income attributable to REX common shareholders |  | $ | 3,001 |  |  | $ | 7,427 |  |  | $ | 31,645 |
1 Sales in the refined coal segment are recorded net of the cost of coal as the Company purchases the coal feedstock from the customer to which refined coal is sold.
|  | Fiscal Year |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Sales of products, ethanol and by-products segment: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol |  | $ | 284,191 |  |  | $ | 321,434 |  |  | $ | 368,319 |
Dried distillers grains |  |  | 71,774 |  |  |  | 71,755 |  |  |  | 85,417 |
Non-food grade corn oil |  |  | 15,066 |  |  |  | 17,135 |  |  |  | 20,097 |
Modified distillers grains |  |  | 2,626 |  |  |  | 7,240 |  |  |  | 11,950 |
Derivative financial instruments losses |  |  | (1,167) |  |  |  | - |  |  |  | - |
Other |  |  | 174 |  |  |  | 136 |  |  |  | 102 |
Total sales |  | $ | 372,664 |  |  | $ | 417,700 |  |  | $ | 485,885 |
Sales of products, refined coal segment: |  |  |  |  |  |  |  |  |  |  |  |
Refined coal |  | $ | 182 |  |  | $ | 334 |  |  | $ | 786 |
Interest income: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 675 |  |  | $ | 2,949 |  |  | $ | 2,460 |
Refined coal |  |  | - |  |  |  | - |  |  |  | - |
Corporate and other |  |  | 289 |  |  |  | 1,171 |  |  |  | 1,054 |
Total interest income |  | $ | 964 |  |  | $ | 4,120 |  |  | $ | 3,514 |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 18,081 |  |  | $ | 20,182 |  |  | $ | 22,004 |
Refined coal |  |  | 2,790 |  |  |  | 2,790 |  |  |  | 2,784 |
Corporate and other |  |  | 35 |  |  |  | 35 |  |  |  | 40 |
Total depreciation expense |  | $ | 20,906 |  |  | $ | 23,007 |  |  | $ | 24,828 |
Equity in income of unconsolidated affiliates: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 500 |  |  | $ | 1,392 |  |  | $ | 1,536 |
Refined coal |  |  | - |  |  |  | - |  |  |  | - |
Corporate and other |  |  | - |  |  |  | - |  |  |  | - |
Total equity in income of unconsolidated affiliates |  | $ | 500 |  |  | $ | 1,392 |  |  | $ | 1,536 |
|  | January 31, |
Assets: |  | 2021 |  |  | 2020 |
Ethanol and by-products |  | $ | 397,281 |  |  | $ | 408,746 |
Refined coal |  |  | 2,861 |  |  |  | 6,101 |
Corporate and other |  |  | 79,203 |  |  |  | 85,655 |
Total assets |  | $ | 479,345 |  |  | $ | 500,502 |
Additions to property and equipment: |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 10,409 |  |  | $ | 3,776 |
Refined coal |  |  | - |  |  |  | - |
Corporate and other |  |  | 3 |  |  |  | - |
Total additions to property and equipment |  | $ | 10,412 |  |  | $ | 3,776 |
All of the Company’s sales are in the domestic market. The Company’s customers make all decisions with regard to where products they purchase from the Company are distributed.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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