INVESTMENTS

3 Months Ended

Apr. 30, 2019

Investments Schedule [Abstract]

Investment [Text Block]

Note 11. Investments

The following table summarizes the Company’s equity method investment at April 30, 2019 and January 31, 2019 (dollars in thousands):

Entity	Ownership Percentage			Carrying Amount April 30, 2019		Carrying Amount January 31, 2019
Big River		10.3	%		$32,201		$32,075

Undistributed earnings of the Company’s equity method investee totaled approximately $12.2 million and approximately $12.0 million at April 30, 2019 and January 31, 2019, respectively. The Company did not receive dividends from its equity method investee in the first quarter of fiscal years 2019 or 2018.

Summarized financial information for the Company’s equity method investee is presented in the following table for the periods presented (amounts in thousands):

	Three Months Ended April 30,
	2019		2018
Net sales and revenue	$	184,069	$	191,943
Gross profit	$	1,569	$	13,691
Income from continuing operations	$	1,227	$	6,765
Net income	$	1,227	$	6,765

The following table summarizes the Company’s held-to-maturity security at January 31, 2019 (amounts in thousands):

	Amortized Cost		Gross Unrealized Losses		Estimated Fair Value
United States Treasury Bill		$14,975		$2		$14,973

As of January 31, 2019, the contractual maturity of this investment was less than one year and the yield to maturity rate was 2.29%.