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Segment Reporting | 6 Months Ended
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Jul. 31, 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 July 31, |  |  | Six Months Ended July 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net sales and revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 195,678 |  |  | $ | 39,242 |  |  | $ | 359,720 |  |  | $ | 122,477 |
Refined coal 1 |  |  | 165 |  |  |  | 85 |  |  |  | 227 |  |  |  | 100 |
Total net sales and revenue |  | $ | 195,843 |  |  | $ | 39,327 |  |  | $ | 359,947 |  |  | $ | 122,577 |
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 July 31, |  |  | Six Months Ended July 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Segment gross profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 14,155 |  |  | $ | 553 |  |  | $ | 33,631 |  |  | $ | (7,670) |
Refined coal |  |  | (3,081) |  |  |  | (1,884) |  |  |  | (4,755) |  |  |  | (2,991) |
Total gross profit (loss) |  | $ | 11,074 |  |  | $ | (1,331) |  |  | $ | 28,876 |  |  | $ | (10,661) |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 10,732 |  |  | $ | (3,259) |  |  | $ | 21,820 |  |  | $ | (15,610) |
Refined coal |  |  | (3,455) |  |  |  | (2,118) |  |  |  | (5,260) |  |  |  | (2,965) |
Corporate and other |  |  | (902) |  |  |  | (702) |  |  |  | (1,758) |  |  |  | (1,247) |
Total income (loss) before income taxes |  | $ | 6,375 |  |  | $ | (6,079) |  |  | $ | 14,802 |  |  | $ | (19,822) |
(Provision) benefit for income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | (1,985) |  |  | $ | 893 |  |  | $ | (4,423) |  |  | $ | 5,054 |
Refined coal |  |  | 5,441 |  |  |  | 2,919 |  |  |  | 7,639 |  |  |  | 3,878 |
Corporate and other |  |  | 221 |  |  |  | 234 |  |  |  | 432 |  |  |  | 427 |
Total benefit for income taxes |  | $ | 3,677 |  |  | $ | 4,046 |  |  | $ | 3,648 |  |  | $ | 9,359 |
|  | Three Months Ended July 31, |  |  | Six Months Ended July 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net income (loss) (net of noncontrolling interests): |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 6,418 |  |  | $ | (2,178) |  |  | $ | 14,374 |  |  | $ | (9,611) |
Refined coal |  |  | 2,139 |  |  |  | 898 |  |  |  | 2,612 |  |  |  | 1,048 |
Corporate and other |  |  | (681) |  |  |  | (468) |  |  |  | (1,326) |  |  |  | (820) |
Net income (loss) attributable to REX common shareholders |  | $ | 7,876 |  |  | $ | (1,748) |  |  | $ | 15,660 |  |  | $ | (9,383) |
Assets: |  | July 31, 2021 |  |  | January 31, 2021 |
Ethanol and by-products |  | $ | 424,470 |  |  | $ | 397,281 |
Refined coal |  |  | 1,540 |  |  |  | 2,861 |
Corporate and other |  |  | 79,497 |  |  |  | 79,203 |
Total assets |  | $ | 505,507 |  |  | $ | 479,345 |
|  | Three Months Ended July 31, |  |  | Six Months Ended July 31, |
Sales of products, ethanol and by-products segment: |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Ethanol |  | $ | 153,990 |  |  | $ | 32,524 |  |  | $ | 280,059 |  |  | $ | 93,121 |
Dried distillers grains |  |  | 31,573 |  |  |  | 5,480 |  |  |  | 62,691 |  |  |  | 24,398 |
Non-food grade corn oil |  |  | 9,813 |  |  |  | 1,313 |  |  |  | 15,407 |  |  |  | 4,501 |
Modified distillers grains |  |  | 1,934 |  |  |  | 209 |  |  |  | 4,227 |  |  |  | 666 |
Derivative financial instruments losses |  |  | (1,638) |  |  |  | (298) |  |  |  | (2,764) |  |  |  | (298) |
Other |  |  | 6 |  |  |  | 14 |  |  |  | 100 |  |  |  | 89 |
Total |  | $ | 195,678 |  |  | $ | 39,242 |  |  | $ | 359,720 |  |  | $ | 122,477 |
Sales of products, refined coal segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Refined coal |  | $ | 165 |  |  | $ | 85 |  |  | $ | 227 |  |  | $ | 100 |

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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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