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v3.25.2

Segment Reporting (Tables) | 3 Months Ended
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Jul. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following tables set forth certain financial data for the Company’s reportable segment for the three- and six-month periods ended July 31, 2025 and 2024 (in thousands):
|  | Three Months Ended July 31, |  |  | Six Months Ended July 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net sales and revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 388,439 |  |  | $ | 408,357 |  |  | $ | 819,082 |  |  | $ | 842,574 |
Reconciling Item: Equity method ethanol investment |  |  | (229,876 | ) |  |  | (260,202 | ) |  |  | (502,179 | ) |  |  | (533,188 | )
Total consolidated net sales and revenue |  | $ | 158,563 |  |  | $ | 148,155 |  |  | $ | 316,903 |  |  | $ | 309,386 |
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of corn |  | $ | 253,382 |  |  | $ | 266,713 |  |  | $ | 533,747 |  |  | $ | 559,393 |
Other cost of sales (1) |  |  | 107,500 |  |  |  | 99,019 |  |  |  | 229,186 |  |  |  | 207,843 |
Reconciling Item: Equity method ethanol investment |  |  | (216,638 | ) |  |  | (237,350 | ) |  |  | (474,691 | ) |  |  | (492,074 | )
Total cost of sales |  | $ | 144,244 |  |  | $ | 128,382 |  |  | $ | 288,242 |  |  | $ | 275,162 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 27,557 |  |  | $ | 42,625 |  |  | $ | 56,149 |  |  | $ | 75,338 |
Reconciling Item: Equity method ethanol investment |  |  | (13,238 | ) |  |  | (22,852 | ) |  |  | (27,488 | ) |  |  | (41,114 | )
Total consolidated gross profit |  | $ | 14,319 |  |  | $ | 19,773 |  |  | $ | 28,661 |  |  | $ | 34,224 |
Depreciation and amortization expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 11,724 |  |  | $ | 14,954 |  |  | $ | 21,963 |  |  | $ | 29,510 |
Reconciling Item: Equity method ethanol investment |  |  | (5,970 | ) |  |  | (8,869 | ) |  |  | (11,190 | ) |  |  | (17,533 | )
Total consolidated depreciation and amortization expense |  | $ | 5,754 |  |  | $ | 6,085 |  |  | $ | 10,773 |  |  | $ | 11,977 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol and by-products |  | $ | 21,417 |  |  | $ | 39,560 |  |  | $ | 46,779 |  |  | $ | 74,685 |
Reconciling Item: Equity method ethanol investment |  |  | (9,320 | ) |  |  | (20,064 | ) |  |  | (21,056 | ) |  |  | (39,226 | )
Total consolidated income before income taxes |  |  | 12,097 |  |  |  | 19,496 |  |  |  | 25,723 |  |  |  | 35,459 |
Provision for income taxes |  |  | (2,769 | ) |  |  | (4,489 | ) |  |  | (5,723 | ) |  |  | (8,179 | )
Total consolidated net income |  | $ | 9,328 |  |  | $ | 15,007 |  |  | $ | 20,000 |  |  | $ | 27,280 |
| (1) | Expenses within “Other cost of sales” consist primarily of depreciation, other raw materials, third-party freight charges, purchasing and receiving costs, inspection costs, other distribution expenses, warehousing costs, plant repair and maintenance costs, production labor and related payroll costs, and general facility overhead charges.

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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 + Details
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