Fair Value (Tables)

6 Months Ended

Jul. 31, 2020

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 July 31, 2020 are summarized below (amounts in thousands):

	Level 1			Level 2			Level 3			Fair Value
Investment in cooperative (1)		$	-		$	-		$	341		$	341
Forward purchase contracts (2)			-			13			-			13
Commodity futures (2)			-			416			-			416
Total assets		$	-		$	429		$	341		$	770
Forward purchase contracts (3)		$	-		$	558		$	-		$	558
Commodity futures (3)			-			197			-			197
Total liabilities		$	-		$	755		$	-		$	755

	Level 1			Level 2			Level 3			Fair Value
Investment in cooperative (1)		$	-		$	-		$	341		$	341
Commodity futures (2)			-			352			-			352
Total assets		$	-		$	352		$	341		$	693
Forward purchase contract liability (3)		$	-		$	230		$	-		$	230

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

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