Financial Instruments

3 Months Ended

Apr. 30, 2014

Disclosure Text Block Supplement [Abstract]

Financial Instruments Disclosure [Text Block]

Note 9. Financial Instruments

The Company uses an interest rate swap, which expires July 8, 2014, to manage its interest rate exposure at One Earth by fixing the interest rate on a portion of the entity’s variable rate debt. The Company does not engage in trading activities involving derivative contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques. The notional amount and fair value of the derivative, which is not designated as a cash flow hedge at April 30, 2014, are summarized in the table below (amounts in thousands):

	Notional Amount		Fair Value Liability
Interest rate swap	$	32,300	$	747

As the interest rate swap is not designated as a cash flow hedge, the unrealized gain and loss on the derivative is reported in current earnings. The Company reported a loss of $4,000 for the first quarter of fiscal year 2014 and a gain of $4,000 for the first quarter of fiscal year 2013.