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Investments | 3 Months Ended
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Apr. 30, 2024
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 April 30, 2024 and January 31, 2024 (dollars in thousands):
|  |  |  | Carrying Amount
Entity |  | Ownership Percentage |  | April 30, 2024 |  | January 31, 2024
Big River |  | 10.3% |  | $36,654 |  | $ 34,936
Undistributed earnings of the Company’s equity method investee totaled approximately $16.6 million and approximately $14.9 million at April 30, 2024 and January 31, 2024, respectively. The Company did not receive dividends from its equity method investee in the first quarter of fiscal year 2024 or 2023. 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 April 30, |
|  | 2024 |  |  | 2023 |
Net sales and revenue |  | $ | 273,199 |  |  | $ | 374,503 |
Gross profit |  | $ | 18,262 |  |  | $ | 17,552 |
Depreciation expense |  | $ | 6,546 |  |  | $ | 6,556 |
Income from continuing operations |  | $ | 16,659 |  |  | $ | 14,447 |
Net income |  | $ | 16,659 |  |  | $ | 14,447 |
Short-term Investments At April 30, 2024, the Company owned United States Treasury Bills (classified as short-term investments) that had an amortized cost, or carrying value, of approximately $120.6 million. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 5.4%. Unrecognized holding losses at April 30, 2024 were approximately $80,000. At January 31, 2024, the Company owned United States Treasury Bills (classified as short-term investments) that had an amortized cost, or carrying value, of approximately $155.3 million. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 5.5%. Unrecognized holding losses at January 31, 2024 were approximately $94,000.

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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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