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Segment Reporting (Tables)

3 Months Ended

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

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- References

No definition available.

+ Details

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