Investments

6 Months Ended

Jul. 31, 2020

Disclosure Text Block Supplement [Abstract]

Investment [Text Block]

Note 9. Investments

The following table summarizes the Company’s equity method investment at July 31, 2020 and January 31, 2020 (dollars in thousands):

		Carrying Amount
Entity	Ownership Percentage	July 31, 2020	January 31, 2020
Big River	10.3%	$29,475	$32,464

Undistributed earnings of the Company’s equity method investee totaled approximately $9.5 million and approximately $12.4 million at July 31, 2020 and January 31, 2020, respectively. The Company received dividends from its equity method investee of approximately $2.0 million in the first six months of fiscal year 2020. The company received no dividends from its equity method investee in the first six months of fiscal year 2019.

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 July 31,					Six Months Ended July 31,
	2020			2019		2020			2019
Net sales and revenue	$	130,126		$	193,731	$	327,758		$	377,800
Gross profit (loss)	$	3,565		$	7,026	$	(2,378	)	$	8,595
(Loss) income from continuing operations	$	(4,914	)	$	2,320	$	(9,540	)	$	3,546
Net (loss) income	$	(4,914	)	$	2,320	$	(9,540	)	$	3,546

At July 31, 2020, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $32,656,000. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 0.3%. Unrealized gains or losses were insignificant.

At January 31, 2020, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $26,073,000. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 1.8%. Unrealized gains or losses were insignificant.