Fair Value (Tables)

9 Months Ended

Oct. 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 October 31, 2020 are summarized below (amounts in thousands):

	Level 1		Level 2		Level 3		Fair Value
Investment in cooperative (1)	$	-	$	-	$	354	$	354
Forward purchase contracts (2)		-		351		-		351
Total assets	$	-	$	351	$	354	$	705
Commodity futures and swaps liability (3)	$	-	$	378	$	-	$	378

	Level 1		Level 2		Level 3		Fair Value
Investment in cooperative (1)	$	-	$	-	$	341	$	341
Commodity futures and swaps (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 and swaps 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 and swaps liability are included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Condensed Balance Sheets.