Investments

3 Months Ended

Apr. 30, 2021

Disclosure Text Block Supplement [Abstract]

Investment [Text Block]

Note 9. Investments

The following table summarizes the Company’s equity method investment at April 30, 2021 and January 31, 2021 (dollars in thousands):

		Carrying Amount
Entity	Ownership Percentage	April 30, 2021	January 31, 2021
Big River	10.3%	$30,026	$29,456

Undistributed earnings of the Company’s equity method investee totaled approximately $10.0 million and approximately $9.4 million at April 30, 2021 and January 31, 2021, respectively. The Company did not receive any dividends from its equity method investee in the first quarter of fiscal year 2021 and received dividends of approximately $2.0 million in the first quarter of fiscal year 2020.

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 April 30,
	2021		2020
Net sales and revenue	$	256,416	$	197,632
Gross profit (loss)	$	1,544	$	(5,943)
Income (loss) from continuing operations	$	5,535	$	(4,626)
Net income (loss)	$	5,535	$	(4,626)

At April 30, 2021, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $35,864,000. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 0.2%. Unrealized gains or losses were insignificant.

At January 31, 2021, the Company owned certificates of deposit that had an amortized cost, or carrying value, of approximately $36,194,000. The contractual maturity of these investments was less than one year. The yield to maturity rate was approximately 0.2%. Unrealized gains or losses were insignificant.