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SEGMENT REPORTING (Tables)

12 Months Ended

Jan. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The measure of segment assets is reported on the balance sheet as total consolidated assets.

		Fiscal Year
Net sales and revenue		2024				2023				2022
Ethanol and by-products		$	1,664,052			$	2,213,035			$	2,364,406
Reconciling Item: Equity method ethanol investment			(1,021,561	)			(1,379,651	)			(1,509,406	)
Total consolidated net sales and revenue		$	642,491			$	833,384			$	855,000
Cost of sales
Ethanol and by-products:
Cost of corn		$	1,094,364			$	1,542,265			$	1,791,876
Other cost of sales (1)			361,052				412,003				429,822
Reconciling Item: Equity method ethanol investment			(904,402	)			(1,219,102	)			(1,415,300	)
Total cost of sales		$	551,014			$	735,166			$	806,398
Gross profit
Ethanol and by-products		$	208,636			$	258,767			$	142,708
Reconciling Item: Equity method ethanol investment			(117,159	)			(160,549	)			(94,106	)
Total consolidated gross profit		$	91,477			$	98,218			$	48,602
Depreciation and amortization expense
Ethanol and by-products		$	49,071			$	56,207			$	56,993
Reconciling Item: Equity method ethanol investment			(27,356	)			(33,168	)			(33,689	)
Total consolidated depreciation and amortization expense		$	21,715			$	23,039			$	23,304
Income before taxes
Ethanol and by-products		$	201,650			$	253,600			$	148,469
Reconciling Item: Equity method ethanol investment			(108,778	)			(155,116	)			(100,990	)
Total consolidated income before income taxes			92,872				98,484				47,479
Provision for income taxes			(21,386	)			(22,560	)			(9,542	)
Total consolidated net income		$	71,486			$	75,924			$	37,937

(1) Expenses within “Other cost of sales” consists primarily of depreciation, other raw materials such as denaturant and chemicals, utilities, repair and maintenance and production labor.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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