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Investments | 9 Months Ended
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Oct. 31, 2023
Disclosure Text Block Supplement [Abstract] |
Investment [Text Block] | Note 10. Investments Equity Method Investment in Big River The following table summarizes the Company’s equity method investment at October 31, 2023 and January 31, 2023 (dollars in thousands):
|  |  |  | Carrying Amount
Entity |  | Ownership Percentage |  | October 31, 2023 |  | January 31, 2023
Big River |  | 10.3% |  | $36,807 |  | $ 33,045
Undistributed earnings of the Company’s equity method investee totaled approximately $16.8 million and approximately $13.0 million at October 31, 2023 and January 31, 2023, respectively. The Company received dividends from its equity method investee of approximately $5.5 million and $3.0 million in the first nine months of fiscal year 2023 and 2022, respectively. 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 October 31, |  |  | Nine Months Ended October 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net sales and revenue |  | $ | 351,390 |  |  | $ | 398,838 |  |  | $ | 1,128,012 |  |  | $ | 1,200,980 |
Gross profit |  | $ | 52,869 |  |  | $ | 11,432 |  |  | $ | 107,395 |  |  | $ | 60,593 |
Income from continuing operations |  | $ | 45,955 |  |  | $ | 6,415 |  |  | $ | 89,954 |  |  | $ | 60,230 |
Net income |  | $ | 45,955 |  |  | $ | 6,415 |  |  | $ | 89,954 |  |  | $ | 60,230 |
Short-term Investments At October 31, 2023, the Company owned United States Treasury Bills (classified as short-term investments) that had an amortized cost, or carrying value, of approximately $259.2 million. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 5.5%. Unrealized gains or losses were insignificant. At January 31, 2023, the Company owned United States Treasury Bills (classified as short-term investments) that had an amortized cost, or carrying value, of approximately $211.3 million. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 3.9%. Unrealized gains or losses were insignificant.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org//321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org//325/tableOfContent + Details
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