Financial Instruments

6 Months Ended

Jul. 31, 2014

Disclosure Text Block Supplement [Abstract]

Financial Instruments Disclosure [Text Block]

Note 9. Financial Instruments

The Company uses an interest rate swap, which will expire during the third quarter of fiscal year 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 July 31, 2014, are summarized in the table below (amounts in thousands):

	Notional Amount		Fair Value Liability
Interest rate swap	$	31,118	$	371

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 losses of $1,000 and $10,000 in the second quarter of fiscal years 2014 and 2013, respectively. The Company reported losses of $5,000 and $6,000 in the first six months of fiscal years 2014 and 2013, respectively.