Segment Reporting

9 Months Ended

Oct. 31, 2020

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 14. Segment Reporting

The Company has two reportable segments: i) ethanol and by-products; and ii) refined coal. The Company evaluates the performance of each reportable segment based on segment profit. The following tables summarize segment and other results and assets (amounts in thousands):

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2020		2019		2020		2019
Net sales and revenue:
Ethanol and by-products	$	124,217	$	86,603	$	246,694	$	296,826
Refined coal 1		34		68		134		288
Total net sales and revenue	$	124,251	$	86,671	$	246,828	$	297,114

¹ The Company records sales in the refined coal segment net of the cost of coal as the Company purchases the coal feedstock from the customer to which refined coal is sold.

Segment gross profit (loss):
Ethanol and by-products	$	18,929	$	28	$	11,259	$	12,312
Refined coal		(1,250)		(1,786)		(4,241)		(6,420)
Total gross profit (loss)	$	17,679	$	(1,758)	$	7,018	$	5,892
Income (loss) before income taxes:
Ethanol and by-products	$	17,007	$	(2,822)	$	1,397	$	3,491
Refined coal		(1,270)		(1,648)		(4,235)		(6,351)
Corporate and other		(626)		(434)		(1,873)		(1,146)
Total income (loss) before income taxes	$	15,111	$	(4,904)	$	(4,711)	$	(4,006)
(Provision) benefit for income taxes:
Ethanol and by-products	$	(5,071)	$	945	$	(17)	$	(160)
Refined coal		985		2,181		4,863		9,282
Corporate and other		34		105		461		279
Total (provision) benefit for income taxes	$	(4,052)	$	3,231	$	5,307	$	9,401
Segment profit (loss) (net of noncontrolling interests):
Ethanol and by-products	$	9,660	$	(2,330)	$	49	$	684
Refined coal		(227)		607		821		3,209
Corporate and other		(592)		(329)		(1,412)		(868)
Net income (loss) attributable to REX common shareholders	$	8,841	$	(2,052)	$	(542)	$	3,025

Assets:	October 31, 2020		January 31, 2020
Ethanol and by-products	$	400,180	$	408,746
Refined coal		3,605		6,101
Corporate and other		71,376		85,655
Total assets	$	475,161	$	500,502

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
Sales of products, ethanol and by-products segment:	2020		2019		2020		2019
Ethanol	$	98,850	$	66,149	$	191,971	$	226,986
Dried distillers grains		20,916		16,627		45,314		51,188
Non-food grade corn oil		4,661		3,099		9,162		12,681
Modified distillers grains		562		702		1,228		5,846
Derivative financial instruments losses		(777)		-		(1,075)		-
Other		5		26		94		125
Total	$	124,217	$	86,603	$	246,694	$	296,826
Sales of products, refined coal segment:
Refined coal	$	34	$	68	$	134	$	288