FAIR VALUE (Tables)

3 Months Ended

Apr. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Financial assets and liabilities measured at fair value on a recurring basis at April 30, 2019 are summarized below (amounts in thousands):

	Level 1		Level 2		Level 3		Fair Value
Investment in cooperative (1)	$	-	$	-	$	333	$	333
Commodity futures (4)		-		289		-		289
Total assets	$	-	$	289	$	333	$	622
Commodity futures (2)	$	-	$	8	$	-	$	8
Forward purchase contract liability (3)		-		253		-		253
Total liabilities	$	-	$	261	$	-	$	261

	Level 1		Level 2		Level 3		Fair Value
Commodity futures (4)	$	-	$	44	$	-	$	44
Investment in cooperative (1)		-		-		333		333
Total assets	$	-	$	44	$	333	$	377
Forward purchase contract liability (3)	$	-	$	22	$	-	$	22

(1) The investment in cooperative is included in “Other assets” on the accompanying Consolidated Condensed Balance Sheets.

(2) The commodity futures liability is included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Condensed Balance Sheets.

(3) The forward purchase contract liability is included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Condensed Balance Sheets.

(4) The commodity futures asset is included in “Prepaid expenses and other current assets” on the accompanying Consolidated Condensed Balance Sheets.