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Segment Reporting (Tables)

9 Months Ended

Oct. 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 nine-month periods ended October 31, 2025 and 2024 (in thousands):

		Three Months Ended October 31,								Nine Months Ended October 31,
		2025				2024				2025				2024
Net sales and revenue
Ethanol and by-products		$	468,713			$	450,463			$	1,287,795			$	1,293,037
Reconciling Item: Equity method ethanol investment			(293,088	)			(275,586	)			(795,267	)			(808,774	)
Total consolidated net sales and revenue		$	175,625			$	174,877			$	492,528			$	484,263
Cost of sales
Ethanol and by-products:
Cost of corn		$	264,974			$	257,612			$	798,721			$	817,005
Other cost of sales (1)			109,765				106,174				338,951				314,017
Reconciling Item: Equity method ethanol investment			(235,246	)			(228,590	)			(709,937	)			(720,664	)
Total cost of sales		$	139,493			$	135,196			$	427,735			$	410,358
Gross profit
Ethanol and by-products		$	93,974			$	86,677			$	150,123			$	162,015
Reconciling Item: Equity method ethanol investment			(57,842	)			(46,996	)			(85,330	)			(88,110	)
Total consolidated gross profit		$	36,132			$	39,681			$	64,793			$	73,905
Depreciation and amortization expense
Ethanol and by-products		$	11,633			$	9,883			$	33,596			$	39,393
Reconciling Item: Equity method ethanol investment			(5,591	)			(5,235	)			(16,781	)			(22,768	)
Total consolidated depreciation and amortization expense		$	6,042			$	4,648			$	16,815			$	16,625
Income before taxes
Ethanol and by-products		$	89,846			$	84,406			$	136,625			$	159,091
Reconciling Item: Equity method ethanol investment			(54,389	)			(44,901	)			(75,445	)			(84,127	)
Total consolidated income before income taxes			35,457				39,505				61,180				74,964
Provision for income taxes			(7,988	)			(9,402	)			(13,711	)			(17,581	)
Total consolidated net income		$	27,469			$	30,103			$	47,469			$	57,383

(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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X

- References

No definition available.

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