2024 Q1 Form 10-K Financial Statement

#000093041324001186 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024 2023
Revenue $187.6M $833.4M $855.0M
YoY Change -6.27% -2.53% 10.35%
Cost Of Revenue $157.2M $734.4M $800.3M
YoY Change -15.15% -8.24% 18.25%
Gross Profit $30.41M $99.02M $54.73M
YoY Change 104.11% 80.92% -44.19%
Gross Profit Margin 16.21% 11.88% 6.4%
Selling, General & Admin $7.383M $29.38M $28.96M
YoY Change 9.88% 1.46% 1.69%
% of Gross Profit 24.28% 29.67% 52.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.423M $17.79M $17.98M
YoY Change -1.12% -1.01% -0.31%
% of Gross Profit 14.54% 17.97% 32.84%
Operating Expenses $7.383M $29.38M $28.96M
YoY Change 9.88% 1.46% 1.69%
Operating Profit $23.03M $69.64M $25.78M
YoY Change 181.5% 170.18% -62.96%
Interest Expense $4.646M $13.92M $8.745M
YoY Change 83.27% 59.19% 32.02%
% of Operating Profit 20.18% 19.99% 33.93%
Other Income/Expense, Net $4.789M $15.72M $12.96M
YoY Change 82.72% 21.34% 9868.46%
Pretax Income $32.46M $98.48M $47.48M
YoY Change 143.42% 107.43% -37.39%
Income Tax $7.164M $22.56M $9.542M
% Of Pretax Income 22.07% 22.91% 20.1%
Net Earnings $20.57M $60.94M $27.70M
YoY Change 152.03% 120.01% -47.11%
Net Earnings / Revenue 10.96% 7.31% 3.24%
Basic Earnings Per Share $3.49 $1.57
Diluted Earnings Per Share $1.15 $3.47 $1.57
COMMON SHARES
Basic Shares Outstanding 17.50M shares 17.48M shares 17.64M shares
Diluted Shares Outstanding 17.58M shares 17.64M shares

Balance Sheet

Concept 2024 Q1 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $378.7M $378.7M $280.9M
YoY Change 34.78% 34.78% 9.86%
Cash & Equivalents $223.4M $223.4M $69.61M
Short-Term Investments $155.3M $155.3M $211.3M
Other Short-Term Assets $17.55M $17.55M $14.83M
YoY Change 18.31% 18.31% 0.76%
Inventory $26.98M $26.98M $48.74M
Prepaid Expenses
Receivables $23.19M $23.19M $25.16M
Other Receivables $5.728M $5.728M $2.962M
Total Short-Term Assets $452.1M $452.1M $372.6M
YoY Change 21.32% 21.32% 7.96%
LONG-TERM ASSETS
Property, Plant & Equipment $168.6M $168.6M $150.7M
YoY Change 24.45% 11.89% 1.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.94M $34.94M $33.05M
YoY Change 5.72% 5.72% 8.11%
Other Assets $9.138M $9.138M $23.18M
YoY Change -60.58% -60.58% -10.34%
Total Long-Term Assets $212.7M $212.7M $206.9M
YoY Change 2.79% 2.79% 0.85%
TOTAL ASSETS
Total Short-Term Assets $452.1M $452.1M $372.6M
Total Long-Term Assets $212.7M $212.7M $206.9M
Total Assets $664.8M $664.8M $579.6M
YoY Change 14.7% 14.7% 5.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.07M $42.07M $34.09M
YoY Change 23.41% 23.41% 5.66%
Accrued Expenses $23.38M $23.38M $20.51M
YoY Change 52.56% 14.02% 19.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.26M $66.26M $54.60M
YoY Change 21.36% 21.36% 8.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.348M $9.348M $12.89M
YoY Change 208.11% -27.47% 40.34%
Total Long-Term Liabilities $9.348M $9.348M $12.89M
YoY Change -33.16% -27.47% 40.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.26M $66.26M $54.60M
Total Long-Term Liabilities $9.348M $9.348M $12.89M
Total Liabilities $150.9M $150.9M $131.6M
YoY Change 120.0% 14.66% 10.06%
SHAREHOLDERS EQUITY
Retained Earnings $701.8M
YoY Change 9.51%
Common Stock $4.068M
YoY Change 363.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $191.9M
YoY Change -0.93%
Treasury Stock Shares
Shareholders Equity $513.9M $513.9M $448.0M
YoY Change
Total Liabilities & Shareholders Equity $664.8M $664.8M $579.6M
YoY Change 14.7% 14.7% 5.31%

Cashflow Statement

Concept 2024 Q1 2024 2023
OPERATING ACTIVITIES
Net Income $20.57M $60.94M $27.70M
YoY Change 152.03% 120.01% -47.11%
Depreciation, Depletion And Amortization $4.423M $17.79M $17.98M
YoY Change -1.12% -1.01% -0.31%
Cash From Operating Activities $60.78M $128.0M $54.80M
YoY Change 7487.77% 133.54% -40.25%
INVESTING ACTIVITIES
Capital Expenditures $15.30M $37.66M $15.58M
YoY Change 82.28% 141.77% -403.9%
Acquisitions
YoY Change
Other Investing Activities $107.0M $66.07M -$182.9M
YoY Change -290.73% -136.12% -1855.56%
Cash From Investing Activities $91.67M $28.40M -$198.5M
YoY Change -242.16% -114.31% -3849.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $13.01M
YoY Change -100.0% -296.35%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.606M -4.322M -$17.01M
YoY Change 59.06% -74.59% 53.3%
NET CHANGE
Cash From Operating Activities 60.78M 128.0M $54.80M
Cash From Investing Activities 91.67M 28.40M -$198.5M
Cash From Financing Activities -3.606M -4.322M -$17.01M
Net Change In Cash 148.8M 152.1M -$160.7M
YoY Change -325.7% -194.6% -287.08%
FREE CASH FLOW
Cash From Operating Activities $60.78M $128.0M $54.80M
Capital Expenditures $15.30M $37.66M $15.58M
Free Cash Flow $45.47M $90.31M $39.22M
YoY Change -698.74% 130.28% -59.5%

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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
587597000 usd
CY2024 us-gaap Profit Loss
ProfitLoss
75924000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
37937000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
61202000 usd
CY2022 rex Net Income From Discontinued Operations Net Of Tax
NetIncomeFromDiscontinuedOperationsNetOfTax
-4395000 usd
CY2024 rex Net Income From Continuing Operations
NetIncomeFromContinuingOperations
75924000 usd
CY2023 rex Net Income From Continuing Operations
NetIncomeFromContinuingOperations
37937000 usd
CY2022 rex Net Income From Continuing Operations
NetIncomeFromContinuingOperations
56807000 usd
CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17794000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17976000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18031000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5245000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5328000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5560000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6209000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1930000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1753000 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13921000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8745000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6624000 usd
CY2024 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
12030000 usd
CY2023 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6266000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5514000 usd
CY2024 us-gaap Investment Income Interest
InvestmentIncomeInterest
10008000 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
2839000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
43000 usd
CY2024 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-243000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
102000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-30000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14627000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
915000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12730000 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-659000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6108000 usd
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-21760000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6519000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4799000 usd
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4495000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
452000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-199000 usd
CY2024 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2766000 usd
CY2023 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-3715000 usd
CY2022 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1103000 usd
CY2024 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
7868000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1478000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
16005000 usd
CY2024 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4517000 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2752000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
475000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
127970000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
54795000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
98427000 usd
CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-6716000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
127970000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54795000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
135497000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
91711000 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37663000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15578000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5126000 usd
CY2024 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
448507000 usd
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
399350000 usd
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
88949000 usd
CY2024 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
514586000 usd
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
216735000 usd
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
99309000 usd
CY2024 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
29000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
60000 usd
CY2024 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
43000 usd
CY2023 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
319000 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
28402000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5294000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13012000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6627000 usd
CY2024 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
22000 usd
CY2024 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
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CY2023 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
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CY2022 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-4772000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-4322000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-17009000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-11399000 usd
CY2022 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
304000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4322000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17009000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11095000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
152050000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-160721000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
85910000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71347000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
232068000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146158000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
223397000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71347000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
232068000 usd
CY2024 rex Non Cash Financing Activities Equity Awards Issued
NonCashFinancingActivitiesEquityAwardsIssued
965000 usd
CY2023 rex Non Cash Financing Activities Equity Awards Issued
NonCashFinancingActivitiesEquityAwardsIssued
1539000 usd
CY2022 rex Non Cash Financing Activities Equity Awards Issued
NonCashFinancingActivitiesEquityAwardsIssued
100000 usd
CY2024 rex Non Cash Financing Activities Equity Awards Accrued
NonCashFinancingActivitiesEquityAwardsAccrued
2172000 usd
CY2023 rex Non Cash Financing Activities Equity Awards Accrued
NonCashFinancingActivitiesEquityAwardsAccrued
965000 usd
CY2022 rex Non Cash Financing Activities Equity Awards Accrued
NonCashFinancingActivitiesEquityAwardsAccrued
1580000 usd
CY2024 rex Non Cash Investing Activities Accrued Capital Expenditures
NonCashInvestingActivitiesAccruedCapitalExpenditures
918000 usd
CY2023 rex Non Cash Investing Activities Accrued Capital Expenditures
NonCashInvestingActivitiesAccruedCapitalExpenditures
425000 usd
CY2022 rex Non Cash Investing Activities Accrued Capital Expenditures
NonCashInvestingActivitiesAccruedCapitalExpenditures
78000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3210000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9321000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4103000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
223397000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
1735000 usd
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
2222000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
223397000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71347000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69612000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
229846000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
232068000 usd
CY2024 rex Number Of Operating Entities
NumberOfOperatingEntities
3 pure
CY2024 us-gaap Fiscal Period
FiscalPeriod
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23.75pt; text-align: justify"><b><i>Fiscal Year – </i></b>All references in these consolidated financial statements to a particular fiscal year are to the Company’s fiscal year ended January 31. The Company refers to its fiscal year by reference to the year immediately preceding the January 31 fiscal year end date. For example, “fiscal year 2023” means the period February 1, 2023 to January 31, 2024.</p>
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23.75pt; text-align: justify"><b><i>Use of Estimates – </i></b>The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23.75pt; text-align: justify"><b><i>Concentrations of Risk </i></b><i>–</i>The Company maintains cash and cash equivalents in accounts with financial institutions which exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company does not believe there is significant credit risk related to its cash and cash equivalents.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23.75pt; text-align: justify">The Company sells its products to a limited number of larger commercial buyers, which may increase the chance of loss due to non-performance by a counterparty.<i> </i>Nine (fiscal year 2023), eight (fiscal year</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23.75pt; text-align: justify">2022), and nine (fiscal year 2021) customers accounted for approximately 92%, 90%, and 85% of the Company’s net sales and revenue during fiscal years 2023, 2022, and 2021, respectively. At January 31, 2024 and 2023, six and four customers represented approximately 93% and 81%, respectively, of the Company’s accounts receivable balance. The Company has not experienced any significant losses in such accounts.</p>
CY2024 rex Concentration Risk Number Of Customers
ConcentrationRiskNumberOfCustomers
9 pure
CY2023 rex Concentration Risk Number Of Customers
ConcentrationRiskNumberOfCustomers
8 pure
CY2022 rex Concentration Risk Number Of Customers
ConcentrationRiskNumberOfCustomers
9 pure
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
10255000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
400873000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
363821000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
245286000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
228324000 usd
CY2024 us-gaap Inventory Write Down
InventoryWriteDown
800000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
700000 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
9102000 usd
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
12695000 usd
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
5299000 usd
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10194000 usd
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
12583000 usd
CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
25855000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
26984000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
48744000 usd
CY2024Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
32403000 usd
CY2023Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
30194000 usd
CY2024Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
23810000 usd
CY2023Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
23707000 usd
CY2024Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
307326000 usd
CY2023Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
299665000 usd
CY2024Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
37334000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
155587000 usd
CY2024 us-gaap Depreciation
Depreciation
17800000 usd
CY2023 us-gaap Depreciation
Depreciation
18000000 usd
CY2022 us-gaap Depreciation
Depreciation
18000000 usd
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
806398000 usd
CY2023 us-gaap Gross Profit
GrossProfit
48602000 usd
CY2023 rex Selling General And Administrative Expenses
SellingGeneralAndAdministrativeExpenses
-22827000 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
684173000 usd
CY2022 us-gaap Gross Profit
GrossProfit
90629000 usd
CY2022 rex Selling General And Administrative Expenses
SellingGeneralAndAdministrativeExpenses
-21545000 usd
CY2024Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1650000 shares
CY2024 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1000000 usd
CY2023 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
7800000 usd
CY2024 us-gaap Revenues
Revenues
833384000 usd
CY2023 us-gaap Revenues
Revenues
855000000 usd
CY2022 us-gaap Revenues
Revenues
774802000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
34936000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
33045000 usd
CY2024Q1 rex Forward Purchase Contracts Asset
ForwardPurchaseContractsAsset
579000 usd
CY2024Q1 rex Forward Purchase Contracts Liability
ForwardPurchaseContractsLiability
-802000 usd
CY2024Q1 rex Commodity Futures In A Loss Position
CommodityFuturesInALossPosition
-297000 usd
CY2024Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
1099000 usd
CY2023Q1 rex Forward Purchase Contracts Asset
ForwardPurchaseContractsAsset
105000 usd
CY2023Q1 rex Commodity Futures In A Gain Position
CommodityFuturesInAGainPosition
80000 usd
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
185000 usd
CY2023Q1 rex Forward Purchase Contracts Liability
ForwardPurchaseContractsLiability
-355000 usd
CY2023Q1 rex Commodity Futures In A Loss Position
CommodityFuturesInALossPosition
-67000 usd
CY2023Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
422000 usd
CY2024Q1 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
7837000 usd
CY2023Q1 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
21964000 usd
CY2024Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1301000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1215000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0594 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0551 pure
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9138000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
23179000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9457000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4428000 usd
CY2024Q1 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
3373000 usd
CY2023Q1 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
4116000 usd
CY2024Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
2972000 usd
CY2023Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1311000 usd
CY2023Q1 rex Commodity Futures
CommodityFutures
67000 usd
CY2024Q1 rex Forward Purchase Contracts
ForwardPurchaseContracts
802000 usd
CY2023Q1 rex Forward Purchase Contracts
ForwardPurchaseContracts
355000 usd
CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1742000 usd
CY2023Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1850000 usd
CY2023Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
2049000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1371000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1152000 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19717000 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15328000 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
6386000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
7360000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
6346000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
301000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
399000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1907000 usd
CY2024 us-gaap Lease Cost
LeaseCost
6687000 usd
CY2023 us-gaap Lease Cost
LeaseCost
7759000 usd
CY2022 us-gaap Lease Cost
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CY2022 us-gaap Stock Repurchased During Period Shares
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252000 shares
CY2023 us-gaap Stock Repurchased During Period Value
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13000000 usd
CY2022 us-gaap Stock Repurchased During Period Value
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6600000 usd
CY2024Q1 rex Stock Repurchase Program Number Of Additional Shares Authorized To Be Repurchased
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877000 shares
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
29853000 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
29853000 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
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17504000 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17390000 shares
CY2024Q1 rex Asset Derivatives Net Position With Broker
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1855000 usd
CY2023Q1 rex Asset Derivatives Net Position With Broker
AssetDerivativesNetPositionWithBroker
1815000 usd
CY2024Q1 us-gaap Derivative Assets
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2434000 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
1920000 usd
CY2024Q1 us-gaap Derivative Liabilities
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802000 usd
CY2023Q1 us-gaap Derivative Liabilities
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422000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets
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2152000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets
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2152000 usd
CY2024Q1 us-gaap Restricted Cash
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1735000 usd
CY2023Q1 us-gaap Restricted Cash
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1735000 usd
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CY2023 rex Net Sales
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CY2022 rex Net Sales
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CY2024 rex Cost Of Sales
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15023000 usd
CY2023 rex Cost Of Sales
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CY2022 rex Cost Of Sales
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CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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453000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
450000 usd
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
21778 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
81264 shares
CY2023Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue
2320000 usd
CY2023Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Non Vested In Period Weighted Average Remaing Vesting Term
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionVestedInPeriodWeightedAverageGrantDateFairValue
3945000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
32135 shares
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
896000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
162855 shares
CY2024Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue
5369000 usd
CY2024Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Non Vested In Period Weighted Average Remaing Vesting Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonVestedInPeriodWeightedAverageRemaingVestingTerm
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
30167 shares
CY2022Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue
773000 usd
CY2022Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Non Vested In Period Weighted Average Remaing Vesting Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonVestedInPeriodWeightedAverageRemaingVestingTerm
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
70689 shares
CY2023 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionVestedInPeriodWeightedAverageGrantDateFairValue
2032000 usd
CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
450 shares
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
13000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
19142 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
472000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2023Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue
2320000 usd
CY2023Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Non Vested In Period Weighted Average Remaing Vesting Term
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2021Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue
1398000 usd
CY2021Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Non Vested In Period Weighted Average Remaing Vesting Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonVestedInPeriodWeightedAverageRemaingVestingTerm
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
8409 shares
CY2022 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionVestedInPeriodWeightedAverageGrantDateFairValue
275000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
900000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
30167 shares
CY2022Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue
773000 usd
CY2022Q1 rex Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Non Vested In Period Weighted Average Remaing Vesting Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonVestedInPeriodWeightedAverageRemaingVestingTerm
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CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
67500 shares
CY2023Q1 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
2700000 usd
CY2024 us-gaap Restricted Stock Expense
RestrictedStockExpense
1100000 usd
CY2023 us-gaap Restricted Stock Expense
RestrictedStockExpense
700000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17482000 shares
CY2024 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
94000 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17576000 shares
CY2024Q1 rex Forward Purchase Contracts Quantity
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17400000 bu
CY2024Q1 rex Quantity Of Natural Gas Under Sales Commitmen
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1.9 mmbtu
CY2024 us-gaap Payments To Acquire Projects
PaymentsToAcquireProjects
34900000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4580000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4485000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4450000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
14102000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2925000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12064000 usd
CY2024 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
18682000 usd
CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
7410000 usd
CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
16514000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3377000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4167000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3098000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
501000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2024 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
3878000 usd
CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2132000 usd
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2517000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22560000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9542000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19031000 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12296000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
26061000 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
611000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
627000 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
202000 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
244000 usd
CY2024Q1 us-gaap Deferred Tax Assets Other
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288000 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
240000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
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160000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
192000 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
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13237000 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
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26980000 usd
CY2024Q1 rex Deferred Tax Liabilities Basis In Pass Through Entities Including Depreciation
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6334000 usd
CY2023Q1 rex Deferred Tax Liabilities Basis In Pass Through Entities Including Depreciation
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5821000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Other
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664000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
292000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6998000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6113000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6239000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
20867000 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12300000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
26100000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
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160000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
192000 usd
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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32000 usd
CY2022Q1 us-gaap Tax Credit Carryforward Amount
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11300000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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CY2022Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
2795000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
7239000 usd
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
20682000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9971000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
15926000 usd
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3299000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1725000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2396000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2542000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5184000 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2150000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
508000 usd
CY2024 rex Effective Income Tax Reconciliation Uncertain Tax Position
EffectiveIncomeTaxReconciliationUncertainTaxPosition
-98000 usd
CY2023 rex Effective Income Tax Reconciliation Uncertain Tax Position
EffectiveIncomeTaxReconciliationUncertainTaxPosition
2281000 usd
CY2022 rex Effective Income Tax Reconciliation Uncertain Tax Position
EffectiveIncomeTaxReconciliationUncertainTaxPosition
8340000 usd
CY2024 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
3650000 usd
CY2023 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
2523000 usd
CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
2231000 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
122000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q1 rex Unrecognized Tax Benefits Without Accrued Penalties And Interest
UnrecognizedTaxBenefitsWithoutAccruedPenaltiesAndInterest
18895000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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70000 usd
CY2024 rex Increase Decrease In Provision For Income Taxes
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CY2023Q1 us-gaap Unrecognized Tax Benefits
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19088000 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16781000 usd
CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
45000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
165000 usd
CY2024 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
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CY2023 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
2142000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18965000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19088000 usd
CY2024 us-gaap Loss Contingency Disclosures
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<table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 0%; font: 10pt Times New Roman, Times, Serif"></td><td style="width: 24pt; font: 10pt Times New Roman, Times, Serif"><b>13.</b></td><td style="font: 10pt Times New Roman, Times, Serif"><b>CONTINGENCIES</b></td></tr></table> <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify">The Company is involved in various legal actions arising in the normal course of business. After taking into consideration legal counsels’ evaluation of such actions, management is of the opinion that their outcome will not have a material effect on the Company’s consolidated financial statements. There were no liabilities recorded at January 31, 2024 as the Company did not believe that there was a probable and reasonably estimable loss associated with any legal contingencies.</p>
CY2022 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2022 us-gaap Related Party Transaction Amounts Of Transaction
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CY2024 dei Auditor Name
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RSM US LLP
CY2024 dei Auditor Location
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Des Moines, Iowa
CY2024 dei Auditor Firm
AuditorFirmId
49
CY2024 ecd Non Rule10b51 Arr Trmntd Flag
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CY2024 ecd Non Rule10b51 Arr Adopted Flag
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CY2024 dei Document Fiscal Year Focus
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CY2024 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2024 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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