Fair Value (Tables)

9 Months Ended

Oct. 31, 2021

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, 2021 are summarized below (amounts in thousands):

	Level 1			Level 2			Level 3			Fair Value
Investment in cooperative (1)		$	-		$	-		$	354		$	354
Forward purchase contracts (2)			-			430			-			430
Total assets		$	-		$	430		$	354		$	784
Forward purchase contracts (3)		$	-		$	687		$	-		$	687
Commodity futures liability (3)			-			3,822			-			3,822
Total liabilities		$	-		$	4,509		$	-		$	4,509

	Level 1			Level 2			Level 3			Fair Value
Investment in cooperative (1)		$	-		$	-		$	354		$	354
Forward purchase contracts asset (2)			-			2,144			-			2,144
Total assets		$	-		$	2,144		$	354		$	2,498
Commodity futures liability (3)		$	-		$	1,794		$	-		$	1,794

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

(2) The forward purchase contracts and commodity futures assets are included in “Prepaid expenses and other current assets” on the accompanying Consolidated Condensed Balance Sheets.

(3) The commodity futures liability is included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Condensed Balance Sheets.