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Segment Reporting
 3 Months Ended
Apr. 30, 2021
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 14. Segment Reporting

 

The Company has two reportable segments: i) ethanol and by-products; and ii) 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 preparations of the consolidated condensed financial statements. The following tables summarize segment and other results and assets (amounts in thousands):

 

   Three Months Ended 
   April 30, 
   2021   2020 
Net sales and revenue:          
Ethanol and by-products  $164,042   $83,235 
Refined coal 1   62    15 
Total net sales and revenue  $164,104   $83,250 

 

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.

   Three Months Ended 
   April 30, 
   2021   2020 
Segment gross profit (loss):          
Ethanol and by-products  $19,477   $(8,223) 
Refined coal   (1,675)    (1,107) 
Total gross profit (loss)  $17,802   $(9,330) 
           
Income (loss) before income taxes:          
Ethanol and by-products  $11,082   $(12,351) 
Refined coal   (1,795)    (847) 
Corporate and other   (860)    (545) 
Total income (loss) before income taxes  $8,427   $(13,743) 
           
(Provision) benefit for income taxes:          
Ethanol and by-products  $(2,436)   $4,161 
Refined coal   2,195    959 
Corporate and other   212    193 
Total (provision) benefit for income taxes  $(29)   $5,313 
           
Net income (loss) attributable to REX common shareholders:          
Ethanol and by-products  $7,952   $(7,433) 
Refined coal   480    150 
Corporate and other   (648)    (352) 
Net income (loss) attributable to REX common shareholders  $7,784   $(7,635) 
         
Assets:  April 30, 2021   January 31, 2021 
Ethanol and by-products  $406,595   $397,281 
Refined coal   2,163    2,861 
Corporate and other   77,382    79,203 
Total assets  $486,140   $479,345 
     
   Three Months Ended 
   April 30, 
Sales of products, ethanol and by-products segment:  2021   2020 
Ethanol  $126,069   $60,597 
Dried distillers grains   31,119    18,918 
Non-food grade corn oil   5,594    3,188 
Modified distillers grains   2,293    457 
Derivative financial instruments losses   (1,126)    - 
Other   93    75 
Total  $164,042   $83,235 
           
Sales of products, refined coal segment:
          
Refined coal  $62   $15