XML 34 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value (Tables)
6 Months Ended
Jul. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Financial assets and liabilities measured at fair value on a recurring basis at July 31, 2021 are summarized below (amounts in thousands):
   Level 1   Level 2   Level 3   Fair Value 
                 
Investment in cooperative (1)  $
-
   $
-
   $354   $354 
Commodity futures asset (2)   
-
    784    
-
    784 
Forward purchase contracts (2)   
-
    673    
-
    673 
Total assets  $-   $1,457   $354   $1,811 
                     
Commodity futures liability (3)  $
-
   $4,590   $
-
   $4,590 
   Level 1   Level 2   Level 3   Fair Value 
                 
Investment in cooperative (1)  $
-
   $
-
   $354   $354 
Forward purchase contracts asset (2)   
-
    2,144    
-
    2,144 
Total assets  $-   $2,144   $354   $2,498 
                     
Commodity futures liability (3)  $
-
   $1,794   $
-
   $1,794 

 

(1) The investment in cooperative is included in “Other assets” on the accompanying Consolidated Condensed Balance Sheets.

(2) The forward purchase contracts and commodity futures assets are included in “Prepaid expenses and other current assets” on the accompanying Consolidated Condensed Balance Sheets.

(3) The commodity futures liability is included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Condensed Balance Sheets.