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Other Assets Disclosure [Text Block]

Note 6. Other Assets

The components of other assets are as follows for the periods presented (amounts in thousands):

	October 31, 2016		January 31, 2016

Real estate taxes refundable	$	5,186	$	5,091
Deposits		205		664
Other		1,041		887
Total	$	6,432	$	6,642

Real estate taxes refundable represent amounts due One Earth associated with refunds of previously paid taxes in connection with a tax increment financing arrangement with local taxing authorities. Deposits are with utility and other vendors.

Accrued Expenses and Other Current Liabilities

9 Months Ended

Oct. 31, 2016

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 7. Accrued Expenses and Other Current Liabilities

The components of accrued expenses and other current liabilities are as follows for the periods presented (amounts in thousands):

	October 31, 2016		January 31, 2016

Accrued utility charges	$	1,947	$	2,094
Accrued payroll and related items		2,884		3,760
Accrued income taxes		3,187		—
Accrued real estate taxes		1,188		2,564
Other		1,669		1,005
Total	$	10,875	$	9,423

Revolving Lines of Credit

9 Months Ended

Oct. 31, 2016

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Note 8. Revolving Lines of Credit

Effective April 1, 2016, One Earth and NuGen each entered into $10.0 million revolving loan facilities that mature April 1, 2017. Any borrowings will be secured by the inventory and accounts receivable of One Earth or NuGen, specific to which entity borrows money under these facilities. These revolving loan facilities are recourse only to One Earth and NuGen and not to REX American Resources Corporation or any of its other subsidiaries. Borrowings under these facilities bear interest at the one month LIBOR rate plus 250 basis points. Neither One Earth nor NuGen had outstanding borrowings on the revolving loans during the nine months ended October 31, 2016. One Earth and NuGen are also subject to certain financial covenants under the revolving loan facilities, including working capital requirements, should they borrow on the loans.

Derivative Financial Instruments

9 Months Ended

Oct. 31, 2016

Financial Instruments Disclosure [Text Block]

Note 9. Derivative Financial Instruments

The Company is exposed to various market risks, including changes in commodity prices (raw materials and finished goods). To manage risks associated with the volatility of these natural business exposures, the Company enters into commodity agreements and forward purchase (corn) and sale (ethanol, distillers grains and non-food grade corn oil) contracts. The Company does not purchase or sell derivative financial instruments for trading or speculative purposes. The Company does not purchase or sell derivative financial instruments for which a lack of marketplace quotations would require the use of fair value estimation techniques.

The following table provides information about the fair values of the Company’s derivative financial instruments and the line items on the Consolidated Condensed Balance Sheets in which the fair values are reflected (in thousands):

	Asset Derivatives Fair Value				Liability Derivatives Fair Value
	October 31, 2016		January 31, 2016		October 31, 2016		January 31, 2016

Commodity futures (1)	$	87	$	—	$	—	$	—
Forward purchase contracts (2)	$	—	$	—	$	408	$	312

(1) Commodity futures are included in other prepaid expense and other current assets. These futures contracts are for approximately 0.3 million bushels at October 31, 2016.

(2) Forward purchase contracts are included in accrued expenses and other current liabilities. These contracts are for purchases of approximately 4.5 million and approximately 0.7 million bushels of corn at October 31, 2016 and January 31, 2016, respectively.

As of October 31, 2016, all of the derivative financial instruments held by the Company were subject to enforceable master netting arrangements. The Company’s accounting policy is to offset positions amounts owed or owing with the same counterparty. As of October 31, 2016, the gross positions of the enforceable master netting agreements are not significantly different from the net positions presented in the table above. Depending on the amount of an unrealized loss on a derivative contract held by the Company, the counterparty may require collateral to secure the Company’s derivative contract position. As of October 31, 2016, the Company was required to maintain collateral with the counterparty in the amount of approximately $46,000 to secure the Company’s derivative liability position.

See Note 4 which contains fair value information related to derivative financial instruments.

Gains of approximately $115,000 and $108,000 for the third quarters of fiscal years 2016 and 2015, respectively, on the Company’s derivative financial instruments were included in cost of sales on the Consolidated Condensed Statements of Operations. Gains of approximately $1,740,000 and $184,000 for the first nine months of fiscal years 2016 and 2015, respectively, on the Company’s derivative financial instruments were included in cost of sales on the Consolidated Condensed Statements of Operations.

Investments

9 Months Ended

Oct. 31, 2016

Investments And Deposits [Abstract]

Investments And Deposits [Text Block]

Note 10. Investments

The following table summarizes the equity method investment at October 31, 2016 and January 31, 2016 (dollars in thousands):

Entity	Ownership Percentage			Carrying Amount October 31, 2016		Carrying Amount January 31, 2016

Big River		9.7	%	$	37,954	$	38,707

The following table summarizes income recognized from equity method investments for the periods presented (dollars in thousands):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2016		2015		2016		2015

Big River	$	1,838	$	1,314	$	3,257	$	4,910
Patriot (sold June 1, 2015)		—		—		—		2,947
Total	$	1,838	$	1,314	$	3,257	$	7,857

Undistributed earnings of the equity method investee totaled approximately $17.9 million and $18.7 million at October 31, 2016 and January 31, 2016, respectively. During the first nine months of fiscal years 2016 and 2015, the Company received dividends from equity method investees of approximately $4.0 million and $7.6 million, respectively.

Summarized financial information for each of the Company’s equity method investees is presented in the following table for the periods presented (amounts in thousands):

	Three Months Ended October 31, 2016				Three Months Ended October 31, 2015
	Patriot (1)		Big River		Patriot (1)		Big River

Net sales and revenue	$	—	$	216,505	$	—	$	215,902
Gross profit	$	—	$	26,191	$	—	$	22,078
Income from continuing operations	$	—	$	18,934	$	—	$	13,540
Net income	$	—	$	18,934	$	—	$	13,540

	Nine Months Ended October 31, 2016				Nine Months Ended October 31, 2015
	Patriot (1)		Big River		Patriot (1)		Big River

Net sales and revenue	$	—	$	611,050	$	115,614	$	623,900
Gross profit	$	—	$	49,119	$	14,424	$	71,345
Income from continuing operations	$	—	$	33,555	$	11,100	$	50,580
Net income	$	—	$	33,555	$	11,100	$	50,580

(1)

The Company’s equity interest in Patriot was sold June 1, 2015; therefore results are for the five month period ended May 31, 2015.

Big River has debt agreements that limit amounts Big River can pay in the form of dividends or advances to owners. The restricted net assets of Big River at October 31, 2016 and January 31, 2016 are approximately $298.9 million and $306.3 million, respectively.

On June 1, 2015, Patriot and a subsidiary of CHS Inc. (“CHS”) completed a merger that resulted in CHS acquiring 100% of the ownership interest in Patriot. During fiscal year 2015, the Company received a cash payment of approximately $45.5 million at the closing, representing its proportionate share of the merger consideration for its 27% ownership interest. The total merger consideration was approximately $196 million in cash subject to certain adjustments and certain escrow holdbacks. In connection with this transaction, the Company recognized a gain of approximately $10.4 million during the second quarter of fiscal year 2015. During the first quarter of fiscal year 2016, the Company received proceeds of approximately $2.3 million as partial payment for certain escrow holdbacks and adjustments to the purchase price. As a result, the Company recognized approximately $0.2 million as gain on sale of investment during the first quarter of fiscal year 2016. At October 31, 2016, the Company has approximately $2.3 million (recognized as gain in fiscal year 2015) in accounts receivable on the accompanying Consolidated Condensed Balance Sheet related to estimated escrow proceeds that were recognized as income. The Company expects that a determination of the final payment of escrowed proceeds to be received will occur by December 1, 2016.

Income Taxes

9 Months Ended

Oct. 31, 2016

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 11. Income Taxes

The effective tax rate on consolidated pre-tax income was 33.3% for the three months ended October 31, 2016, and 14.8% for the three months ended October 31, 2015. The effective tax rate on consolidated pre-tax income was 32.9% for the nine months ended October 31, 2016, and 28.1% for the nine months ended October 31, 2015. The fluctuation in the effective tax rate primarily relates to the release of valuation allowances against capital loss carryforwards, the domestic production activities deduction, a change in the apportionment of income to certain states, the expiration of statutes for years with uncertain tax positions and a decrease in state income tax rates. These items reduced the effective tax rate approximately 17% for the quarter ended October 31, 2015 and approximately 7% for the nine months ended October 31, 2015. The provision for uncertain tax positions increased the effective tax rate approximately 1.9% and 1.4% for the quarter and nine months ended October 31, 2016, respectively.

The Company files a U.S. federal income tax return and income tax returns in various states. In general, the Company is no longer subject to U.S. federal, state or local income tax examinations by tax authorities for years ended January 31, 2010 and prior. A reconciliation of the beginning and ending amount of unrecognized tax benefits, including interest and penalties, is as follows (amounts in thousands):

Unrecognized tax benefits, January 31, 2016	$	987
Changes for prior years’ tax positions		749
Changes for current year tax positions		491
Unrecognized tax benefits, October 31, 2016	$	2,227

Commitments and Contingencies

9 Months Ended

Oct. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Note 12. Commitments and Contingencies

The Company is involved in various legal actions arising in the normal course of business. After taking into consideration legal counsels’ evaluations of such actions, management is of the opinion that their outcome will not have a material adverse effect on the Company’s Consolidated Condensed Financial Statements.

One Earth and NuGen have combined forward purchase contracts for approximately 7.6 million bushels of corn, the principal raw material for their ethanol plants. They expect to take delivery of the grain through February 2017.

One Earth and NuGen have combined sales commitments for approximately 29.6 million gallons of ethanol, approximately 94,000 tons of distillers grains and approximately 12.3 million pounds of non-food grade corn oil. They expect to deliver the ethanol, distillers grains and non-food grade corn oil through January 2017.

Net Sales and Revenue

9 Months Ended

Oct. 31, 2016

Net Sales And Revenue [Abstract]

Net Sales And Revenue [Text Block]

Note 13. Net Sales and Revenue

The following table summarizes sales for each product and service group for the periods presented (amounts in thousands):

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
Product or Service Category	2016		2015		2016		2015
Ethanol	$	90,702	$	82,767	$	259,266	$	248,329
Dried distillers grains		19,551		22,518		55,551		64,354
Non-food grade corn oil		5,074		3,994		13,658		12,002
Modified distillers grains		853		1,108		3,400		4,109
Other		103		197		337		467
Total	$	116,283	$	110,584	$	332,212	$	329,261

Related-Party Transactions

9 Months Ended

Oct. 31, 2016

Note 14. Related-Party Transactions

During the third quarters of fiscal year 2016 and 2015, One Earth and NuGen purchased approximately $34.2 million and approximately $38.1 million, respectively, of corn from minority equity investors and board members of those subsidiaries. Such purchases totaled approximately $114.6 million and approximately $114.4 million for the nine months ended October 31, 2016 and 2015, respectively.

Accounting Policies, by Policy (Policies)

9 Months Ended

Oct. 31, 2016

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Revenue Recognition, Policy [Policy Text Block]

Cost of Sales, Policy [Policy Text Block]

Cost of sales includes direct production costs and certain overhead costs such as depreciation, property taxes and utilities related to producing ethanol and related by-products.

Selling, General and Administrative Expenses, Policy [Policy Text Block]

The Company includes non-production related costs such as professional fees, selling charges and certain payroll in selling, general and administrative expenses.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Concentration Risk, Credit Risk, Policy [Policy Text Block]

The Company uses derivative financial instruments (exchange-traded futures contracts) to manage a portion of the risk associated with changes in commodity prices, primarily related to corn.

Income Tax, Policy [Policy Text Block]

Inventory, Policy [Policy Text Block]

	October 31, 2016		January 31, 2016

Ethanol and other finished goods	$	3,470	$	3,105
Work in process		2,740		2,652
Grain and other raw materials		13,273		11,421
Total	$	19,483	$	17,178

Property, Plant and Equipment, Policy [Policy Text Block]

Investment, Policy [Policy Text Block]

Comprehensive Income, Policy [Policy Text Block]

The Company has no components of other comprehensive income, and therefore, comprehensive income equals net income.

New Accounting Pronouncements, Policy [Policy Text Block]

Accounting Policies (Tables)

9 Months Ended

Oct. 31, 2016

Accounting Policies [Abstract]

Schedule of Inventory, Current [Table Text Block]

The components of inventory are as follows as of the dates presented (amounts in thousands):

	October 31, 2016		January 31, 2016

Ethanol and other finished goods	$	3,470	$	3,105
Work in process		2,740		2,652
Grain and other raw materials		13,273		11,421
Total	$	19,483	$	17,178

Leases (Tables)

9 Months Ended

Oct. 31, 2016

Leases [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Years Ended January 31,		Minimum Rentals

Remainder of 2017	$	1,845
2018		6,650
2019		5,872
2020		4,341
2021		2,778
Thereafter		4,169
Total	$	25,655

Fair Value (Tables)

9 Months Ended

Oct. 31, 2016

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, 2016 are summarized below (amounts in thousands):

		Level 1		Level 2		Level 3		Fair Value

Commodity futures (1)	$	87	$	—	$	—	$	87
Investment in cooperative (2)		—		—		333		333
Total assets	$	87	$	—	$	333	$	420
Forward purchase contract liability (3)	$	—	$	408	$	—	$	408

		Level 1		Level 2		Level 3		Fair Value

Investment in cooperative (2)	$	—	$	—	$	333	$	333

Forward purchase contracts liability (3)	$	—	$	312	$	—	$	312

(1) Commodity futures are included in “Prepaid expenses and other current assets” on the accompanying Consolidated Condensed Balance Sheets.

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

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

Property and Equipment (Tables)

9 Months Ended

Oct. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

The components of property and equipment are as follows for the periods presented (amounts in thousands):

	October 31, 2016			January 31, 2016

Land and improvements	$	20,951		$	21,598
Buildings and improvements		23,197			24,543
Machinery, equipment and fixtures		252,722			237,735
Construction in progress		2,229			6,094
		299,099			289,970
Less: accumulated depreciation		(112,880	)		(99,994	)
Total	$	186,219		$	189,976

Other Assets (Tables)

9 Months Ended

Oct. 31, 2016

Schedule of Other Assets [Table Text Block]

The components of other assets are as follows for the periods presented (amounts in thousands):

	October 31, 2016		January 31, 2016

Real estate taxes refundable	$	5,186	$	5,091
Deposits		205		664
Other		1,041		887
Total	$	6,432	$	6,642

Accrued Expenses and Other Current Liabilities (Tables)

9 Months Ended

Oct. 31, 2016

Other Current Liabilities [Table Text Block]

The components of accrued expenses and other current liabilities are as follows for the periods presented (amounts in thousands):

	October 31, 2016		January 31, 2016

Accrued utility charges	$	1,947	$	2,094
Accrued payroll and related items		2,884		3,760
Accrued income taxes		3,187		—
Accrued real estate taxes		1,188		2,564
Other		1,669		1,005
Total	$	10,875	$	9,423

Derivative Financial Instruments (Tables)

9 Months Ended

Oct. 31, 2016

Schedule of Derivative Assets at Fair Value [Table Text Block]

	Asset Derivatives Fair Value				Liability Derivatives Fair Value
	October 31, 2016		January 31, 2016		October 31, 2016		January 31, 2016

Commodity futures (1)	$	87	$	—	$	—	$	—
Forward purchase contracts (2)	$	—	$	—	$	408	$	312

(1) Commodity futures are included in other prepaid expense and other current assets. These futures contracts are for approximately 0.3 million bushels at October 31, 2016.

Investments (Tables)

9 Months Ended

Oct. 31, 2016

Investments And Deposits [Abstract]

Equity Method Investments [Table Text Block]

The following table summarizes the equity method investment at October 31, 2016 and January 31, 2016 (dollars in thousands):

Entity	Ownership Percentage			Carrying Amount October 31, 2016		Carrying Amount January 31, 2016

Big River		9.7	%	$	37,954	$	38,707

Schedule Of Income Loss Recognized From Equity Method Investments [Table Text Block]

The following table summarizes income recognized from equity method investments for the periods presented (dollars in thousands):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2016		2015		2016		2015

Big River	$	1,838	$	1,314	$	3,257	$	4,910
Patriot (sold June 1, 2015)		—		—		—		2,947
Total	$	1,838	$	1,314	$	3,257	$	7,857

Schedule of Financial Information for Equity Method Investments [Table Text Block]

Summarized financial information for each of the Company’s equity method investees is presented in the following table for the periods presented (amounts in thousands):

	Three Months Ended October 31, 2016				Three Months Ended October 31, 2015
	Patriot (1)		Big River		Patriot (1)		Big River

Net sales and revenue	$	—	$	216,505	$	—	$	215,902
Gross profit	$	—	$	26,191	$	—	$	22,078
Income from continuing operations	$	—	$	18,934	$	—	$	13,540
Net income	$	—	$	18,934	$	—	$	13,540

	Nine Months Ended October 31, 2016				Nine Months Ended October 31, 2015
	Patriot (1)		Big River		Patriot (1)		Big River

Net sales and revenue	$	—	$	611,050	$	115,614	$	623,900
Gross profit	$	—	$	49,119	$	14,424	$	71,345
Income from continuing operations	$	—	$	33,555	$	11,100	$	50,580
Net income	$	—	$	33,555	$	11,100	$	50,580

(1)

The Company’s equity interest in Patriot was sold June 1, 2015; therefore results are for the five month period ended May 31, 2015.

Income Taxes (Tables)

9 Months Ended

Oct. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits, including interest and penalties, is as follows (amounts in thousands):

Unrecognized tax benefits, January 31, 2016	$	987
Changes for prior years’ tax positions		749
Changes for current year tax positions		491
Unrecognized tax benefits, October 31, 2016	$	2,227

Net Sales and Revenue (Tables)

9 Months Ended

Oct. 31, 2016

Net Sales And Revenue [Abstract]

Revenue from External Customers by Products and Services [Table Text Block]

The following table summarizes sales for each product and service group for the periods presented (amounts in thousands):

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
Product or Service Category	2016		2015		2016		2015
Ethanol	$	90,702	$	82,767	$	259,266	$	248,329
Dried distillers grains		19,551		22,518		55,551		64,354
Non-food grade corn oil		5,074		3,994		13,658		12,002
Modified distillers grains		853		1,108		3,400		4,109
Other		103		197		337		467
Total	$	116,283	$	110,584	$	332,212	$	329,261

Consolidated Condensed Financial Statements (Details)	9 Months Ended
Consolidated Condensed Financial Statements (Details)	Oct. 31, 2016
Disclosure Text Block [Abstract]
Number of Reportable Segments	1
Number of Ethanol Entities Under Ownership Interest	3
Number of Ethanol Entities Under Majority Ownership Interest	2

Accounting Policies (Details)	9 Months Ended
Accounting Policies (Details)	Oct. 31, 2016 USD ($)	Oct. 31, 2015 USD ($)	Jan. 31, 2016 USD ($)
Accounting Policies (Details) [Line Items]
Income Taxes Paid	$ 5,060,000	$ 19,703,000
Proceeds from Income Tax Refunds	0	132,000
Unrecognized Tax Benefits	2,029,000		$ 987,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	198,000		$ 0
Unrecognized Tax Benefits, Period Increase (Decrease)	$ 1,319,000
Property, Plant and Equipment, Depreciation Methods	Depreciation is computed using the straight-line method.
Impairment of Real Estate	$ 0	$ 125,000
Number of Ethanol Entities Under Majority Ownership Interest	2
Minimum [Member] \| Building and Building Improvements [Member]
Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Minimum [Member] \| Fixtures And Equipment [Member]
Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Maximum [Member] \| Building and Building Improvements [Member]
Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] \| Fixtures And Equipment [Member]
Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Cost of Sales [Member]
Accounting Policies (Details) [Line Items]
Maximum Percentage of Equity Ownership Interest Which May be Considered for Equity Method of Accounting	20.00%

Accounting Policies (Details) - Schedule of components of inventory - USD ($) $ in Thousands	Oct. 31, 2016	Jan. 31, 2016
Schedule of components of inventory [Abstract]
Ethanol and other finished goods	$ 3,470	$ 3,105
Work in process	2,740	2,652
Grain and other raw materials	13,273	11,421
Total	$ 19,483	$ 17,178

Leases (Details) - Schedule of Future Minimum Rental Payments for Operating Leases $ in Thousands	Oct. 31, 2016 USD ($)
Schedule of Future Minimum Rental Payments for Operating Leases [Abstract]
Remainder of 2017	$ 1,845
2018	6,650
2019	5,872
2020	4,341
2021	2,778
Thereafter	4,169
Total	$ 25,655

Fair Value (Details) - USD ($)	Oct. 31, 2016	Jan. 31, 2016
Fair Value Disclosures [Abstract]
Assets, Fair Value Disclosure, Nonrecurring	$ 0	$ 0

Fair Value (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($)
$ in Thousands

Oct. 31, 2016

Jan. 31, 2016

Fair Value (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]

^[1]

$ 87

^[2]

333

$ 333

Total assets

420

Fair Value, Inputs, Level 1 [Member]

^[3]

408

312

Fair Value (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]

^[1]

^[2]

Total assets

Fair Value, Inputs, Level 2 [Member]

^[3]

Fair Value (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]

^[1]

^[2]

Fair Value, Inputs, Level 3 [Member]

^[3]

408

312

Fair Value (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]

^[1]

^[2]

333

Total assets

333