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Investments
 6 Months Ended
Jul. 31, 2021
Disclosure Text Block Supplement [Abstract]  
Investment [Text Block]

Note 9. Investments

 

The following table summarizes the Company’s equity method investment at July 31, 2021 and January 31, 2021 (dollars in thousands):

 

       Carrying Amount 
Entity  Ownership Percentage      July 31, 2021      January 31, 2021 
             
Big River  10.3%   $31,870   $29,456 

 

Undistributed earnings of the Company’s equity method investee totaled approximately $11.8 million and approximately $9.4 million at July 31, 2021 and January 31, 2021, respectively. The Company did not receive any dividends from its equity method investee in the first six months of fiscal year 2021 and received dividends of approximately $2.0 million in the first six months of fiscal year 2020.

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
July 31,		   Six Months Ended
July 31,		 
   2021   2020   2021   2020 
                 
Net sales and revenue  $363,383   $130,126   $619,799   $327,758 
Gross profit (loss)  $19,357   $3,565   $20,901   $(2,378) 
Income (loss) from continuing operations  $17,877   $(4,914)   $23,412   $(9,540) 
Net income (loss)  $17,877   $(4,914)   $23,412   $(9,540) 

 

At July 31, 2021, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $33,282,000. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 0.1%. Unrealized gains or losses were insignificant.

 

At January 31, 2021, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $36,194,000. 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.