FAIR VALUE (Tables)

9 Months Ended

Oct. 31, 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 October 31, 2019 are summarized below (amounts in thousands):

	Level 1		Level 2		Level 3		Fair Value
Investment in cooperative (1)	$	-	$	-	$	341	$	341
Forward purchase contract asset (2)				100				100
Commodity futures (2)		-		150		-		150
Total assets	$	-	$	250	$	341	$	591
Commodity futures liability (4)	$	-	$	165	$	-	$	165

	Level 1		Level 2		Level 3		Fair Value
Investment in cooperative (1)	$	-	$	-	$	333	$	333
Commodity futures (2)		-		44		-		44
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 forward purchase contract asset and commodity futures asset are included in “Prepaid expenses and other current assets” 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 liability is included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Condensed Balance Sheets.