Fair Value (Tables)

9 Months Ended

Oct. 31, 2022

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, 2022 are summarized below (amounts in thousands):

	Level 1		Level 2		Level 3		Fair Value
Investment in cooperative (1)	$	-	$	-	$	354	$	354
Forward purchase contracts asset (2)		-		800		-		800
Total assets	$	-	$	800	$	354	$	1,154
Forward purchase contracts liability (3)	$	-	$	30	$	-	$	30
Commodity futures liability (3)		-		285		-		285
Total liabilities	$	-	$	315	$	-	$	315

	Level 1		Level 2		Level 3		Fair Value
Investment in cooperative (1)	$	-	$	-	$	354	$	354
Forward purchase contracts (2)		-		993		-		993
Total assets	$	-	$	993	$	354	$	1,347
Commodity futures liability (3)	$	-	$	933	$	-	$	933

(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 and forward purchase contracts liabilities are included in “Accrued expenses and other current liabilities” on the accompanying Consolidated Condensed Balance Sheets.