REX American Resources Corporation
(NYSE:REX)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates in two segments, Ethanol and By-Products, and Refined Coal. The company also offers distillers grains and non-food grade corn oil; and dry distillers grains with solubles, which is used as a p...

Website: http://www.rexamerican.com

Founded: 1980

Full Time Employees: 128

Sector: Energy

Industry: Oil & Gas Refining & Marketing

Energy

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Quarterly

Annual

Unit: USD	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31	2024-07-31	2024-04-30	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2013-01-31	2012-10-31	2012-07-31	2012-04-30	2012-01-31	2011-10-31	2011-07-31	2011-04-30	2011-01-31	2010-10-31	2010-07-31	2010-04-30	2010-01-31	2009-10-31	2009-07-31	2009-04-30	2009-01-31	2008-10-31	2008-07-31	2008-04-30	2008-01-31	2007-10-31	2007-07-31	2007-04-30	2007-01-31	2006-04-30	2006-01-31	2001-10-31	2001-07-31

net sales and revenue	156,499,000	157,959,000	175,625,000	158,563,000	158,340,000	158,228,000	174,877,000	148,155,000	161,231,000	187,614,000	221,079,000	211,977,000	212,714,000	200,167,000	220,277,000	240,328,000	194,228,000	212,016,000	203,066,000	195,843,000	164,104,000	126,018,000	124,251,000	39,327,000	83,250,000	120,920,000	86,671,000	105,868,000	104,575,000	113,344,000	123,750,000	128,757,000	120,820,000	109,535,000	121,164,000	108,744,000	113,143,000	121,587,000	116,283,000	115,707,000	100,222,000	107,227,000	110,584,000	113,480,000	105,197	127,608,000	138,454,000	150,231,000	155,936	145,224,000	166,505,000	175,717,000	178,747,000	174,615,000	178,950,000	153,164,000	151,013,000	170,469,000	84,524,000	73,851,000	81,214,000	94,936,000	70,343,000	65,130,000	71,291,000	59,084,000	64,416,000	21,477,000	29,734,000	54,839,000	63,679,000	67,370,000	47,101,000	61,127,000	58,765,000	56,264,000	57,933,000		86,125,000
production tax credit income	7,549,000
cost of sales	134,977,000	129,046,000	139,493,000	144,244,000	143,998,000	140,656,000	135,196,000	128,382,000	146,780,000	157,204,000	181,789,000	193,625,000	197,685,000	185,268,000	208,941,000	223,744,000	182,316,000	173,239,000	177,914,000	184,769,000	146,302,000			40,658,000	92,580,000	72,805,500	88,429,000	101,864,000	100,929,000	111,126,000	116,003,000	119,358,000	109,969,000	103,511,000	106,297,000	97,963,000	100,654,000	96,416,000	96,121,000	98,423,000	91,800,000	98,069,000	96,311,000	95,204,000	96,070	97,626,000	101,957,000	111,413,000	119,386	119,331,000	148,327,000	164,712,000	169,650,000	177,186,000	175,303,000	146,370,000	145,517,000	149,938,000	75,560,000	74,137,000	76,534,000	84,784,000	63,538,000	60,470,000	63,194,000	54,123,000	56,556,000	17,912,000	25,015,000	43,515,000	54,038,000	54,078,000	33,653,000	44,261,000	42,292,000	38,666,000	40,365,000		62,003,000
gross profit	29,071,000	28,913,000	36,132,000	14,319,000	14,342,000	17,572,000	39,681,000	19,773,000	14,451,000	30,410,000	39,290,000	18,352,000	15,029,000	14,899,000	11,336,000	16,584,000	11,912,000	38,777,000	25,152,000	11,074,000	17,802,000	6,843,000	17,679,000	-1,331,000	-9,330,000	6,593,000	-1,758,000	4,004,000	3,646,000	2,218,000	7,747,000	9,399,000	10,851,000	6,024,000	14,867,000	10,781,000	12,489,000	25,171,000	20,162,000	17,284,000	8,422,000	9,158,000	14,273,000	18,276,000	9,127	29,982,000	36,497,000	38,818,000	36,550	25,893,000	18,178,000	11,005,000	9,097,000	-2,571,000	3,647,000	6,794,000	5,496,000	20,531,000	8,964,000	-286,000	4,680,000	10,152,000	6,805,000	4,660,000	8,097,000	4,961,000	7,860,000	3,565,000	4,719,000	11,324,000	9,641,000	13,292,000	13,448,000	16,866,000	16,473,000	17,598,000	17,568,000		24,122,000
yoy	102.70%	64.54%	-8.94%	-27.58%	-0.75%	-42.22%	1.00%	7.74%	-3.85%	104.11%	246.59%	10.66%	26.17%	-61.58%	-54.93%	49.76%	-33.09%	466.67%	42.27%	-932.01%	-290.80%	3.79%	-1105.63%	-133.24%	-355.90%	197.25%	-122.69%	-57.40%	-66.40%	-63.18%	-47.89%	-12.82%	-13.12%	-76.07%	-26.26%	-37.62%	48.29%	174.85%	41.26%	-5.43%	92175.67%	-69.46%	-60.89%	-52.92%	-75.03%	15.79%	100.78%	252.73%	-99.60%	-1107.12%	398.44%	61.98%	65.52%	-112.52%	-59.32%	-2475.52%	17.44%	102.24%	31.73%	-106.14%	-42.20%	104.64%	-13.42%	30.72%	71.58%	-56.19%	-18.47%	-73.18%	-64.91%	-32.86%	-41.47%	-24.47%	-23.45%		-31.71%
qoq	0.55%	-19.98%	152.34%	-0.16%	-18.38%	-55.72%	100.68%	36.83%	-52.48%	-22.60%	114.09%	22.11%	0.87%	31.43%	-31.64%	39.22%	-69.28%	54.17%	127.13%	-37.79%	160.15%	-61.29%	-1428.25%	-85.73%	-241.51%	-475.03%	-143.91%	9.82%	64.38%	-71.37%	-17.58%	-13.38%	80.13%	-59.48%	37.90%	-13.68%	-50.38%	24.84%	16.65%	105.22%	-8.04%	-35.84%	-21.90%	200141.04%	-99.97%	-17.85%	-5.98%	106105.20%	-99.86%	42.44%	65.18%	20.97%	-453.83%	-170.50%	-46.32%	23.62%	-73.23%	129.04%	-3234.27%	-106.11%	-53.90%	49.18%	46.03%	-42.45%	63.21%	-36.88%	120.48%	-24.45%	-58.33%	17.46%	-27.47%	-1.16%	-20.27%	2.39%	-6.39%	0.17%
gross margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	0%	0%	0%
selling, general and administrative expenses	-9,728,000	-12,257,000	-8,214,000	-6,201,000	-5,944,000	-6,171,000	-8,426,000	-6,440,000	-6,111,000	-7,383,000	-7,609,000	-8,618,000	-10,632,000	-6,719,000	-7,886,000	-9,148,000	-5,203,000	-6,032,000	-6,310,000	-6,582,000	-9,988,000	-4,361,000	-4,257,000	-4,438,000	-4,605,000	-5,629,000	-4,133,000	-4,764,000	-4,732,000	-4,476,000	-5,412,000	-6,110,000	-4,553,000	-6,532,000	-7,347,000	-4,779,000	-5,402,000	-7,073,000	-5,082,000	-5,206,000	-4,027,000	-4,184,000	-4,720,000	-6,456,000	-4,453	-3,842,250	-4,353,000	-4,839,000	-6,171	-5,317,000	-4,589,000	-4,194,000	-3,746,000	-3,355,000	-2,995,000	-3,584,000	-2,707,000	-3,786,000	-2,334,000	-1,976,000	-2,349,000	-3,796,000	-1,929,000	-1,858,000	-2,093,000	2,330,000	-2,581,000	-1,905,000	-5,749,000	-13,291,000	-13,671,000	-13,192,000	-14,405,000	-14,293,000	-15,612,000	-17,013,000	-16,907,000		23,325,000	23,101,000	26,544,000	26,265,000
equity in income of unconsolidated affiliates	3,566,000	6,200,000	4,388,000	891,000	1,006,000	2,299,000	3,621,000	1,747,000	1,718,000	4,646,000	4,738,000	3,047,000	1,490,000	2,535,000	661,000	3,598,000	1,951,000	3,861,000	349,000	1,844,000	570,000	332,000	1,152,000	-507,000	-477,000	87,500	-15,000	239,000	126,000	-646,000	611,000	874,000	697,000	482,750	1,094,000	137,000	700,000	814,250	1,838,000	1,186,000	233,000	1,964,250	1,314,000	5,063,000	1,480	6,080,500	8,780,000	7,245,000	8,297	2,389,500	3,331,000	4,628,000		375,750	1,542,000	-481,000
interest and other income	3,206,000	4,536,000	3,151,000	3,088,000	4,222,000	4,208,000	4,629,000	4,416,000	5,905,000	4,789,000	4,863,000	3,271,000	2,801,000	2,621,000	1,983,000	8,181,000	174,000	13,000	35,000	39,000										539,750	809,000	696,000	654,000	323,500	745,000	334,000	215,000	222,000	117,000	97,000	160,000	131,000	199,000	107,000	218	126,000	103,000	88,000	52	39,500	69,000	45,000
income before income taxes	26,115,000	27,392,000	35,457,000	12,097,000	13,626,000	17,908,000	39,505,000	19,496,000	15,963,000	32,462,000	41,282,000	16,052,000	8,688,000	13,336,000	6,094,000	19,215,000	8,834,000	36,619,000	19,226,000	6,375,000	8,427,000	3,229,000	15,111,000	-6,079,000	-13,743,000	-1,001,500	-4,904,000	731,000	167,000	-1,675,000	3,755,000	4,859,000	7,649,000	5,933,500	9,259,000	6,473,000	8,002,000	8,935,000	17,214,000	13,546,000	4,980,000
provision for income taxes	-4,437,000	-3,427,750	-7,988,000	-2,769,000	-2,954,000	-3,805,000	-9,402,000	-4,489,000	-3,690,000	-7,164,000	-9,640,000	-3,768,000	-1,988,000	-1,843,500	-1,196,000	-4,330,000	-1,848,000																			-2,302,000	-2,390,000	-5,622,000	-5,740,000	-4,517,000	-1,514,000	-3,181,500	-1,634,000	-8,676,000	-2,416	-10,012,250	-12,126,000	-14,009,000	-13,887	-2,790,000	-5,318,000	-3,744,000	-2,104,000	-305,000	-134,000	-460,000	-533,000	-7,744,000	-4,039,000	-1,471,000	-2,665,000	-1,432,500	-2,538,000									468,000	-522,000	-28,355,000	7,374,000	2,578,000	3,846,000		999,000	3,593,000	1,479,000	1,289,000
net income	21,678,000	47,605,000	27,469,000	9,328,000	10,672,000	14,103,000	30,103,000	15,007,000	12,273,000	12,656,500	31,642,000	12,284,000	6,700,000							10,052,000	8,398,000	5,022,000	11,059,000	-2,033,000	-8,430,000	1,348,750	-1,673,000	3,353,000	3,715,000	2,899,000	13,769,000	10,490,000	10,352,000	6,194,250	14,994,000	4,171,000	5,612,000	15,549,000	11,474,000	9,029,000	3,466,000	8,145,750	9,433,000	18,711,000	4,439	24,207,000	28,589,000	26,718,000	24,200	17,933,000	11,478,000	6,745,000	4,073,000	-5,262,000	893,000	1,289,000	1,492,000	33,684,519	6,482	2,347	4,652	-4,603	4,250	1,234	4,188	7,271	2,273	837	-1,731	-5,379,000	-650,000	1,206,000	1,526,000	5,857,000	14,666,000	5,810,000	7,534,000		1,489,000	16,856,000	4,438,000	3,870,000
yoy	103.13%	237.55%	-8.75%	-37.84%	-13.04%	11.43%	-4.86%	22.17%	83.18%											-594.44%	-199.62%	272.34%	-761.03%	-160.63%	-326.92%	-53.48%	-112.15%	-68.04%	-64.11%	-53.20%	-8.17%	151.50%	84.46%	-60.16%	30.68%	-53.80%	61.92%	90.88%	21.64%	-51.74%	77980.65%	-66.35%	-67.00%	-29.97%	-81.66%	34.99%	149.08%	296.12%	-99.41%	-440.80%	1185.33%	423.27%	172.99%	-115.62%	13676.61%	54821.18%	31972.23%	-731894.89%	52.52%	90.19%	11.08%	-163.31%	86.98%	47.43%	-341.94%	-100.14%	-100.35%	-99.93%	-100.11%	-191.84%	-104.43%	-79.24%	-79.75%		884.96%	-65.53%	69.76%
qoq	-54.46%	73.30%	194.48%	-12.59%	-24.33%	-53.15%	100.59%	22.28%	-3.03%	-60.00%	157.59%	83.34%								19.70%	67.22%	-54.59%	-643.97%	-75.88%	-725.02%	-180.62%	-149.90%	-9.74%	28.15%	-78.95%	31.26%	1.33%	67.12%	-58.69%	259.48%	-25.68%	-63.91%	35.52%	27.08%	160.50%	-57.45%	-13.65%	-49.59%	421413.85%	-99.98%	-15.33%	7.00%	110304.96%	-99.87%	56.24%	70.17%	65.60%	-177.40%	-689.25%	-30.72%	-13.61%	-95.57%	519562.43%	176.18%	-49.55%	-201.06%	-208.31%	244.41%	-70.53%	-42.40%	219.89%	171.57%	-148.35%	-99.97%	727.54%	-153.90%	-20.97%	-73.95%	-60.06%	152.43%	-22.88%			-91.17%	279.81%	14.68%
net income margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	21.70%	4.16%	3.88%
net income attributable to noncontrolling interests	-3,226,000	-3,856,000	-4,056,000	-2,217,000		-3,005,000	-5,603,000	-2,629,000	-2,082,000	-4,730,000	-5,566,000	-3,229,000	-1,464,000	-3,007,000	-1,714,000	-3,715,000	-1,804,000	-4,650,000	-1,562,000			-1,479,000	-2,218,000			-592,500	-379,000	-1,097,000	-894,000	-1,842,000	-1,894,000	-1,273,000	-856,000	-1,031,000	-1,826,000	-1,230,000	-1,068,000	-3,168,000	-2,536,000	-853,000	-628,000	-1,208,250	-1,977,000	-2,344,000	-512	-3,129,500	-5,249,000	-4,811,000	-2,458	-2,059,000	-1,611,000	-920,000	-566,000	819,000	-484,000		-559,000	-2,993,000	-1,845,000		-904,000	-532,000	-851,000
net income attributable to rex common shareholders	18,452,000	43,749,000	23,413,000	7,111,000	8,678,000	11,098,000	24,500,000	12,378,000	10,191,000	20,568,000	26,076,000	9,055,000	5,236,000	8,161,000	3,184,000	11,170,000	5,182,000	21,267,000	13,326,000	7,876,000	7,784,000	3,543,000	8,841,000	-1,748,000	-7,635,000	4,402,000	-2,052,000	2,256,000	2,821,000	1,057,000	11,875,000	9,217,000	9,496,000	19,053,000	13,168,000	2,941,000	4,544,000	12,381,000	8,938,000	8,176,000	2,838,000	3,686,000	7,456,000	16,367,000	3,927	20,348,000	23,340,000	21,907,000	21,742	15,874,000	9,867,000	5,825,000	3,507,000	-4,443,000	409,000	806,000	933,000	14,789,000	6,482,000	2,347,000	4,652,000	-4,603,000	4,250,000			7,271,000	2,273,000		-1,731,000
weighted-average shares outstanding – basic and diluted	33,116,000										17,531,000	17,460,000	17,439,000	17,638,000	17,591,000	17,772,000	5,945,000	5,982,000	5,963,000	6,011,000	6,010,000	6,167,000	6,143,000	6,216,000	6,304,000		6,319,000	6,318,000	6,315,000	6,440,000	6,388,000	6,466,000	6,571,000		6,597,000	6,593,000			6,590,000	6,586,000
basic and diluted net income per share attributable to rex common shareholders	0.56									0.578	1.49	0.52	0.3	0.47	0.18	0.63	0.87	3.59	2.56	1.31	1.3	0.58	1.44	-0.28	-1.21	0.12	-0.32	0.36	0.45	0.18	1.86	1.43	1.45	0.783	2	0.45		0.758	1.36	1.24
weighted-average shares outstanding – basic		33,208,000	33,002,000	16,505,000	16,939,000	17,636,000	17,595,000	17,548,000	17,546,000	17,482,000																											6,593,000	6,587,000			6,573,000		6,915,000	7,580,000	7,900	8,109,000	8,170,000	8,182,000	8,117	8,137,000	8,140,000	8,164,000		8,272,000	8,226,000	8,347,000		9,117,000	9,205,000	9,513,000		9,651,000	9,541,000			9,254,000	9,161,000			10,170,000	9,937,000	10,510,000							10,145,000
basic net income per share attributable to rex common shareholders		1.32	0.71	0.43	0.51	0.62	1.39	0.71	0.58																												0.69				0.43	0.93	1.08	2.16	0.5	2.56	2.86	2.68	2.68	1.96	1.21	0.71	0.43	-0.54	0.05	0.1	0.11	1.66	0.7	0.25	0.49	-0.46	0.45	0.13		0.78	0.25	0.09	-0.19
weighted-average shares outstanding – diluted		33,208	33,002	16,505	16,939	17,636	17,723	17,671	17,664	17,576																											6,593	6,587			6,594		6,931	7,580	7,900	8,118	8,170	8,182	8,149	8,180	8,179	8,204		8,272	8,258	8,385	8,439	9,187	9,239	9,550	9,560	9,825	9,682		10,045	9,551	9,464		9,298	10,170	9,937	11,146	11,620						11,543
diluted net income per share attributable to rex common shareholders		1.32	0.71	0.43	0.51	0.64	1.38	0.7	0.58																												0.69				0.43	0.58	1.08	2.16	0.5	2.56	2.86	2.68	2.67	1.95	1.21	0.71	0.43	-0.54	0.05	0.1	0.11	1.65	0.7	0.25	0.49	-0.46	0.44	0.12	0.42	0.76	0.24	0.09	-0.19
net income attributable to non-controlling interests					-1,994,000
net income from continuing operations														11,168,000	4,898,000	14,885,000	6,986,000	25,917,000	14,888,000
net income from discontinued operations, net of tax																		1,065,750	1,815,000
net loss attributable to noncontrolling interests																				-2,176,000	-614,000			285,000	795,000																															-483,000				314,000
basic and diluted net income per share from continuing operations attributable to rex common shareholders														0.47	0.18	0.63	0.87	3.56	2.23
basic and diluted net income per share from discontinued operations attributable to rex common shareholders																		0.03	0.33
benefit for income taxes																		-10,702,000	-4,338,000	3,677,000	-29,000	1,793,000	-4,052,000	4,046,000	5,313,000	3,412,000	3,231,000	2,622,000	3,548,000	4,574,000	10,014,000	5,631,000	2,703,000	18,476,000	5,735,000																															-3,103,000	-1,510,000		859,000	3,357,000	50,000
interest and other income,																					43,000	350,750	537,000	197,000	669,000	845,250	1,002,000	1,252,000	1,127,000
cost of sales (includes 16,861 and 58,536 with related parties for the quarters ended october 31, 2020 and 2019, respectively, and 34,021 and 148,743 with related parties for the nine months ended october 31, 2020 and 2019, respectively																						59,952,500	106,572,000
gain on sale of investment																																				-13,000					192,000	2,596,250		10,385,000
gain on disposal of property and equipment																																		-21,750	-100,000	13,000		91,000	179,000	185,000		124,000	1,000	12,000	483
interest expense																																														-434,250	-454,000	-591,000	-692	-851,000	-968,000	-1,029,000	-1,059,000	-1,137,000	-1,206,000	-1,173,000	-1,281,000	-1,561,000	-620,000	-646,000	-671,000	-1,458,000	-1,375,000	-1,338,000	-1,367,000	-1,491,000	-1,642,000	-811,000	-878,000	-1,062,000	-1,074,000	-897,000	-121,000	-43,000	-59,000	-121,000	-165,000		-502,000	3,790,000	-2,188,000
income from continuing operations before income taxes																																										11,327,250	11,067,000	27,387,000	6,855	33,387,000	40,577,000	40,720,000	38,032	27,405,000	15,998,000	10,445,000	5,937,000	-8,309,000	890,000	1,518,000	1,852,000
income from continuing operations																																										8,145,750	9,433,000	18,711,000	4,439	23,787,000	28,451,000	26,711,000	24,145	17,870,000	10,680,000	6,701,000	3,833,000	-5,450,000	756,000	1,058,000	1,319,000													-4,669,000	-425,000	1,052,000	1,664,000	4,685,000	11,657,000	3,806,000	6,024,000		1,650,000
income from discontinued operations, net of tax																																														229,000		2,000	55	54,000	198,000	43,000	109,000	139,000	107,000	175,000	183,000	361,000	214,000	384,000	415,000	207,000	546,000	765,000	657,000	2,120,746	-22	199
gain on disposal of discontinued operations, net of tax																																														191,000	138,000	5,000		9,000	600,000	1,000	131,000	49,000	30,000	56,000	-10,000	14,000	267,000	40,000	125,000	-37,000	156,000	19,000		1,247,000		251,000		142,000		195,000		1,614,000	3,422,000	2,577,000
basic income per share from continuing operations attributable to rex common shareholders																																										0.93	1.08		0.5	2.51	2.84	2.68	2.67	1.95	1.11	0.71	0.4	-0.56	0.03	0.07	0.09	1.61	0.65	0.2	0.43	-0.49	0.37			0.32	0.25		-0.14
basic income per share on disposal of discontinued operations attributable to rex common shareholders																																														0.02	0.02				0.07				0.01	0.01		0.013	0.03	0.01		0.005	0.02			0.003		0.03
diluted income per share from continuing operations attributable to rex common shareholders																																										0.93	1.08		0.5	2.51	2.84	2.68	2.66	1.94	1.11	0.71	0.4	-0.56	0.03	0.07	0.09	1.6	0.65	0.2	0.43	-0.48	0.36	0.04		0.31	0.24	0.07	-0.14
diluted income per share on disposal of discontinued operations attributable to rex common shareholders																																														0.02	0.02				0.07			0.003	0.01	0.01		0.013	0.03	0.01		0.005	0.02			0.003		0.03
amounts attributable to rex common shareholders:
income from continuing operations, net of tax																																										6,937.5	7,456	16,367	3,927	19,928	23,202	21,900	21,687	15,811	9,069	5,781	3,267	-4,631	272	575	760	14,414	6,001	1,923	4,112	-4,773	3,548	450	3,531	3,031	2,295	638	-1,329
loss from discontinued operations, net of tax																																																																		-218,250	-22,000		-402,000	-852,000	-225,000	-41,000	-138,000	-457,500	-413,000	-573,000			-161,000
basic income per share from discontinued operations attributable to rex common shareholders																																																	0.01	0.01	0.03		0.01	0.02	0.01	0.02	0.02	0.05	0.02	0.04	0.05	0.03	0.06	0.08
diluted income per share from discontinued operations attributable to rex common shareholders																																																	0.01	0.01	0.03		0.01	0.02	0.01	0.02	0.02	0.05	0.02	0.04	0.05	0.02	0.06	0.08
gains on derivative financial instruments																																														-250	4,000		-4				4,000				-147,000				68,000					-390,250	-899,000		-556,000
losses on derivative financial instruments																																																-1,000		-7,250	-23,000	-10,000		-91,500	-140,000	-79,000		42,000	-501,000	-757,000		422,000	-495,000	-1,878,000	-167,000
equity in income of unconsolidated ethanol affiliates																																																					1,599,000				442,000	5,705,000	6,284,000	3,761,000	5,782,000	6,933,000	3,694,000	1,083,000		4,883,000	1,221,000	184,000	-260,000	-2,117,000	1,044,000	874,000	1,048,000	-456,000	535,000	412,000
interest income																																																					25,000	34,000	42,000	41,000	49,000	55,000	92,000	101,000	171,000	39,000	121,000	124,000	115,000					312,000	363,000	519,000	857,000	942,000	1,503,000	1,976,000	1,293,000
other income																																																					17,000									193,000	116,000			82,000	766,000
weighted-average shares outstanding - basic																																																					8,158,000				8,360,000				9,432,000				9,840,000				9,298,000				10,729,000				10,468,000
basic income per share from disposal of discontinued operations attributable to rex common shareholders																																																					0.02								0.01
weighted-average shares outstanding - diluted																																																					8,200																								11,799
diluted income per share from disposal of discontinued operations attributable to rex common shareholders																																																					0.02								0.01
income from synthetic fuel investments																																																												2,883,000											21,000		670,000	-1,334,000	-1,860,000	3,406,000	6,733,000
loss on early termination of debt																																																																				-28,000	-73,000		-9,000			24,000			-651,000
income from continuing operations before provision for income taxes and discontinued operations																																																										5,668,500	11,885,000	3,080,000		3,932,000	6,937,000																2,649,000
income from continuing operations including noncontrolling interests																																																										3,629,000	7,846,000	1,609,000	5,016,000	-3,228,000	4,399,000		4,948,000
net income including noncontrolling interests																																																										3,979,000	8,327,000	2,033,000	5,556,000	-3,058,000	5,101,000
income from continuing operations before income taxes and noncontrolling interests																																																													7,681,000				7,432,000
income (loss) from continuing operations before provision/benefit for income taxes and discontinued operations																																																																793,000				1,011,000
(provision) benefit for income taxes																																																																-483,000	-2,484,000			-569,000
income (loss) from continuing operations including noncontrolling interests																																																																310,000
net income (loss) including noncontrolling interests																																																																1,094,000	5,605,000
net loss (income) attributable to noncontrolling interests																																																																140,000
net income (loss) attributable to rex common shareholders																																																																1,234,000	4,188,000			837,000
weighted average shares outstanding – basic																																																																9,790,000				9,231,000						10,420,000
basic income (loss) per share from continuing operations attributable to rex common shareholders																																																																0.05	0.36			0.07
weighted average shares outstanding – diluted																																																																9,976				9,486						11,721
equity in income (loss) of unconsolidated ethanol affiliates																																																																	2,847,000
loss on disposal of discontinued operations, net of tax
net (income) loss attributable to noncontrolling interests																																																																	-1,417,000
basic income (loss) per share from discontinued operations attributable to rex common shareholders																																																																	0.07
basic loss per share from disposal of discontinued operations attributable to rex common shareholders
basic net income (loss) per share attributable to rex common shareholders																																																																	0.43
diluted income (loss) per share from continuing operations attributable to rex common shareholders																																																																	0.35
diluted income (loss) per share from discontinued operations attributable to rex common shareholders																																																																	0.07
diluted loss per share from disposal of discontinued operations attributable to rex common shareholders
investment income																																																																		89,000	92,000	114,000	188,000										292,000	191,000	23,000	31,000
gains on sales of real estate
income from continuing operations before provision/benefit for income taxes and discontinued operations																																																																		943,000	4,817,000
income from continuing operations including noncontrolling interest																																																																		580,500	3,307,000		-1,951,000
net income including noncontrolling interest																																																																		394,000	3,285,000		-2,353,000
net loss attributable to noncontrolling interest																																																																		-48,750	-1,012,000		622,000
basic loss per share from discontinued operations attributable to rex common shareholders																																																																		-0.023			-0.05
diluted loss per share from discontinued operations attributable to rex common shareholders																																																																		-0.023			-0.05
(losses) gains on derivative financial instruments																																																																				-108,000
income (loss) from continuing operations including noncontrolling interest																																																																				442,000
(loss) income from discontinued operations, net of tax																																																																				-52,000
net income (loss) including noncontrolling interest																																																																				641,000
net loss (income) attributable to noncontrolling interest																																																																				196,000
basic (loss) income per share from discontinued operations attributable to rex common shareholders																																																																				-0.01
diluted (loss) income per share from discontinued operations attributable to rex common shareholders																																																																				-0.01
losses on disposals of real estate																																																																					-201,000
income from continuing operations before income taxes and discontinued operations																																																																					-2,810,000
gains on sale of real estate																																																																						569,750	2,279,000			361,500	901,000	72,000	984,000
realized and unrealized investment gains																																																																										4,279,500	17,118,000
unrealized and realized gains on derivative financial instruments																																																																						120,250	-947,000	960,000
income from continuing operations before benefit for income taxes, minority interest and discontinued operations																																																																						324,500	-2,353,000
minority interest																																																																						517,500	1,878,000	-36,000	217,000	-3,000	32,000	54,000	-95,000
basic income per share from continuing operations																																																																						-0.45	-0.05	0.1	0.15	0.47	1.12	0.36	0.57		0.16
basic loss per share from discontinued operations																																																																						-0.08	-0.02		-0.01	-0.043	-0.04	-0.05			-0.01
basic income per share on disposal of discontinued operations																																																																						0.005		0.01				0.24	0.22
basic net income per share																																																																						-0.52	-0.07	0.11	0.14	0.58	1.41	0.55	0.72		0.15	1.17	0.57	0.51
diluted income per share from continuing operations																																																																						-0.44	-0.05	0.09	0.14	0.42	0.99	0.32	0.51		0.14
diluted loss per share from discontinued operations																																																																						-0.013	-0.02		-0.01	-0.038	-0.03	-0.05			-0.01
diluted income per share on disposal of discontinued operations																																																																						0.005		0.02					0.19
diluted net income per share																																																																						-0.51	-0.07	0.11	0.13	0.53	1.25	0.48	0.64		0.13	1.02	0.5	0.44
income from continuing operations before provision for
income taxes, minority interest and discontinued operations																																																																								1,556,000	1,969,000
losses on sale of real estate
unrealized gain on derivative financial instruments																																																																									472,000
gains on disposal of discontinued operations, net of tax
income from continuing operations before provision
for income taxes and minority interest																																																																										8,729,000	18,999,000
weighted-average shares
outstanding – basic																																																																										2,627,250	10,433,000	10,625,000
basic income per share on disposal of discontinued
operations																																																																										0.205	0.33	0.21
outstanding – diluted																																																																										2,966	11,750	11,989
diluted income per share on disposal of discontinued
income from continuing operations before provision for income taxes and minority interest																																																																												6,330,000
equity in income of unconsolidated
ethanol affiliates																																																																													1,110,000
income from continuing operations before
provision for income taxes, minority
interest and discontinued operations																																																																													9,965,000
income from discontinued operations,
net of tax																																																																													-758,000
gains on disposal of discontinued operations
of tax																																																																													2,268,000
basic income per share from discontinued operations																																																																													-0.07
diluted income per share from discontinued operations																																																																													-0.06
operating income																																																																															797,000
yoy
qoq
operating margin %	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	0%	0%	0%
income from limited partnerships																																																																															2,062,000	18,434,000	4,232,000	4,754,000
net sales																																																																																77,661,000	106,614,000	99,867,000
yoy
qoq																																																																																-27.16%	6.76%
costs and expenses:
cost of merchandise sold																																																																																55,675,250	76,220,000	70,967,000
total costs and expenses																																																																																75,302,250	102,764,000	97,232,000
income from operations																																																																																2,358,750	3,850,000	2,635,000
income before provision for income taxes																																																																																3,804,500	5,917,000	5,159,000
weighted-average shares outstanding-basic																																																																																	7,727,000	7,641,000
weighted-average shares outstanding-diluted																																																																																	8,893	8,839

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31	2024-07-31	2024-04-30	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2013-01-31	2012-10-31	2012-07-31	2012-04-30	2012-01-31	2011-10-31	2011-07-31	2011-04-30	2011-01-31	2010-10-31	2010-07-31	2010-04-30	2010-01-31	2009-10-31	2009-07-31	2009-04-30	2009-01-31	2008-10-31	2008-07-31	2008-04-30	2008-01-31	2007-10-31	2007-07-31	2007-07-01	2007-04-30	2007-01-31	2006-04-30	2006-01-31	2001-10-31	2001-07-31

assets
current assets:
cash and cash equivalents	117,668,000	188,734,000	272,004,000	240,962,000	159,913,000	196,255,000	298,249,000	261,040,000	231,200,000	223,397,000	72,828,000	102,166,000	77,667,000	69,612,000	135,986,000	54,639,000	66,685,000	229,846,000	197,395,000	154,312,000	157,105,000	144,501,000	173,075,000	152,708,000	163,771,000	179,658,000	196,339,000	212,232,000	204,704,000	188,531,000	178,229,000	73,761,000	64,246,000	190,988,000	190,460,000	185,997,000	191,493,000	188,576,000	162,753,000	134,651,000	122,450,000	135,765,000	136,626,000	138,107,000	141,886,000	137,697,000	164,267,000	152,236,000	125,649,000	105,149,000	93,399,000	68,755,000	73,771,000	69,073,000	68,105,000	63,962,000	72,064,000	75,013,000	86,768,000	96,435,000	96,951,000	91,019,000	87,563,000	89,616,000	101,420,000	100,398,000	84,448,000	84,103,000	85,854,000	91,991,000	66,215,000	79,608,000	106,301,000	127,716,000	102,966,000	90,293,000		105,355,000	43,008,000	15,081,000	20,096,000	2,440,000	2,822,000
short-term investments	246,640,000	187,048,000	63,537,000	69,490,000	155,979,000	162,820,000	66,826,000	84,942,000	120,564,000	155,260,000	259,172,000	182,209,000	188,143,000	211,331,000	153,819,000	190,471,000	167,347,000	25,877,000	21,620,000	33,282,000	35,864,000	36,194,000	29,216,000	32,656,000	32,601,000	26,073,000				14,975,000	14,891,000	111,969,000	111,495,000
accounts receivable	21,597,000	14,682,000	27,442,000	24,828,000	27,976,000	21,511,000	22,331,000	24,262,000	21,535,000	23,185,000	30,138,000	31,998,000	29,217,000	25,162,000	22,675,000	38,559,000	25,440,000	25,821,000	40,026,000	29,521,000	27,557,000	19,713,000	12,496,000	9,744,000	2,772,000	12,969,000	16,391,000	7,682,000	11,663,000	11,378,000	15,732,000	14,648,000	21,263,000	12,913,000	9,801,000	10,938,000	9,196,000	11,901,000	13,269,000	15,833,000	13,416,000	13,666,000	13,289,000	13,736,000	9,928,000	8,794,000	10,586,000	13,992,000	16,892,000		11,274,000	17,409,000	17,918,000		17,765,000	14,879,000	15,025,000		7,301,000	7,881,000	10,417,000		12,242,000	8,892,000	7,460,000		9,261,000	2,119,000	2,333,000		4,643,000	3,509,000	3,025,000		1,317,000	3,128,000		3,439,000		3,642,000	3,457,000	1,149,000	2,730,000
inventory	26,546,000	28,422,000	27,675,000	31,632,000	30,509,000	31,676,000	29,127,000	29,162,000	27,100,000	26,984,000	37,515,000	45,960,000	41,299,000	48,744,000	42,045,000	49,928,000	56,388,000	42,225,000	29,753,000	41,759,000	26,687,000	37,880,000	21,616,000	30,383,000	27,268,000	35,634,000	31,038,000	22,071,000	20,150,000	18,477,000	21,636,000	25,171,000	26,088,000	20,755,000	24,145,000	22,091,000	20,427,000	17,057,000	19,483,000	23,633,000	25,732,000	17,178,000	23,556,000	23,250,000	19,566,000	18,062,000	11,496,000	17,287,000	19,193,000	19,370,000				24,919,000			25,625,000		10,085,000	10,370,000	12,680,000		10,546,000	6,372,000	7,430,000		7,673,000	7,832,000	6,477,000		56,554,000	59,457,000	56,800,000
refundable income taxes	10,731,000	12,374,000	6,067,000	8,466,000	7,360,000	6,445,000	5,556,000	5,272,000	4,586,000	5,728,000	4,448,000	5,654,000	4,983,000	2,962,000	6,611,000	5,898,000	6,096,000	6,677,000	5,930,000	6,892,000	6,020,000	6,020,000	5,947,000	10,620,000	9,689,000	6,029,000	7,222,000	7,683,000	7,695,000	7,695,000	8,339,000	8,371,000	7,861,000	6,612,000	977,000	1,527,000	1,063,000	1,070,000	1,956,000	1,562,000	3,731,000	5,254,000	1,935,000	2,958,000	843,000	3,019,000			1,810,000	268,000		1,356,000	1,284,000	1,347,000	895,000	1,513,000	1,476,000	1,816,000	1,250,000			8,503,000	7,442,000	5,793,000	6,240,000	12,813,000	4,703,000	7,364,000	8,761,000	7,790,000
prepaid expenses and other	18,351,000	16,568,000	14,938,000	15,138,000	17,030,000	17,112,000	14,408,000	14,236,000	16,628,000	17,549,000	12,256,000	17,947,000	16,268,000	13,098,000	11,576,000	14,505,000	16,006,000	12,499,000	10,389,000	12,175,000	14,831,000	12,785,000	9,771,000	9,878,000	9,627,000	9,659,000	9,017,000	9,102,000	9,352,000	9,284,000	8,111,000	7,716,000	8,056,000	7,412,000	6,828,000	7,535,000	7,075,000	6,959,000	6,680,000	6,956,000	6,285,000	6,407,000	7,134,000	5,854,000	6,116,000	5,810,000	5,029,000	5,413,000	5,001,000	4,891,000	4,964,000	5,932,000	3,998,000	4,091,000	4,335,000	4,576,000	3,862,000	3,987,000	2,266,000	2,881,000	2,447,000	3,055,000	3,846,000	4,210,000	2,751,000	2,691,000	1,846,000	3,267,000	666,000	1,063,000	3,677,000	2,432,000	2,204,000	2,492,000	1,550,000	2,932,000		1,428,000	2,915,000	1,955,000	2,052,000	4,029,000	3,752,000
total current assets	441,533,000	447,828,000	411,663,000	390,516,000	398,767,000	435,819,000	436,497,000	418,914,000	421,613,000	452,103,000	418,085,000	387,943,000	360,956,000	372,644,000	374,020,000	357,332,000	342,882,000	345,167,000	307,242,000	284,699,000	269,781,000	258,750,000	253,005,000	246,939,000	247,138,000	271,135,000	260,530,000	258,992,000	253,646,000	250,621,000	247,372,000	242,414,000	239,905,000	239,034,000	232,441,000	228,467,000	229,384,000	226,517,000	205,724,000	183,781,000	173,170,000	179,360,000	184,923,000	186,471,000	180,702,000	175,745,000	191,378,000	188,928,000	168,545,000	148,810,000	126,443,000	123,324,000	119,999,000	114,927,000	121,934,000	116,814,000	121,135,000	127,039,000	108,760,000	121,190,000	127,481,000	125,849,000	126,639,000	119,883,000	130,439,000	140,098,000	116,936,000	114,232,000	113,864,000	142,645,000	142,208,000	158,092,000	178,729,000	193,190,000	192,562,000	191,022,000		213,422,000	136,006,000	141,554,000	134,017,000	173,573,000	179,376,000
property and equipment	282,041,000		260,173,000	232,412,000	215,605,000		200,496,000	190,188,000	179,024,000		144,567,000	135,144,000	135,125,000		131,235,000	131,580,000	134,575,000		141,205,000	145,078,000	149,067,000		154,401,000	158,513,000	163,132,000		167,754,000	171,550,000	177,008,000		186,458,000	190,823,000	193,969,000		198,959,000	187,545,000	184,674,000		186,219,000	189,006,000	189,209,000		189,126,000	189,056,000	190,310,000		197,645,000	197,235,000	198,418,000		210,361,000	214,452,000	218,828,000		227,811,000	232,245,000	237,421,000		158,856,000	163,106,000	167,524,000		231,101,000	237,608,000	242,345,000		253,153,000	255,879,000	249,819,000		221,967,000	202,193,000	168,359,000		91,634,000	78,575,000		74,426,000		123,639,000		134,803,000	134,118,000
operating lease right-of-use assets	15,842,000	17,594,000	19,291,000	20,956,000	22,600,000	20,985,000	22,580,000	13,221,000	11,561,000	13,038,000	14,516,000	12,713,000	13,907,000	15,214,000	14,748,000	12,893,000	13,250,000	11,221,000	11,817,000	13,211,000	11,289,000	12,678,000	14,054,000	15,345,000	16,689,000	16,173,000	17,603,000	18,974,000	19,866,000
finance lease right-of-use assets	17,083,000	17,558,000	18,032,000	18,507,000	18,981,000
other assets	9,850,000	4,963,000	1,321,000	3,014,000	1,081,000	16,721,000	17,074,000	19,285,000	22,167,000	9,138,000	13,589,000	19,554,000		23,179,000				25,853,000				25,275,000	1,278,000	884,000	753,000	17,403,000	16,263,000	12,749,000	9,771,000	6,176,000	8,562,000	7,816,000	7,444,000	7,454,000	7,190,000	6,720,000	6,777,000	6,913,000	6,432,000	6,395,000	6,692,000	6,642,000	8,131,000	8,118,000	6,155,000	6,366,000	5,831,000	5,288,000	5,324,000	5,388,000	4,690,000	5,011,000	5,917,000	6,761,000	6,793,000	7,215,000	7,579,000	7,884,000	4,235,000	4,544,000	5,477,000	5,907,000	7,035,000	7,734,000	9,517,000	8,880,000	9,837,000	10,203,000	11,294,000	12,414,000	12,861,000	13,578,000	14,098,000	14,803,000	14,630,000	23,595,000		13,590,000	8,752,000	735,000	760,000
equity method investment	41,325,000		39,579,000	35,191,000	36,806,000		39,015,000	38,401,000	36,654,000		36,807,000	37,582,000	34,535,000		33,769,000	36,115,000	32,517,000		30,715,000	31,870,000	30,026,000		30,126,000	29,475,000	29,982,000		31,422,000	32,440,000	32,201,000		33,724,000
total assets	807,674,000	797,731,000	750,059,000	700,596,000	693,840,000	720,008,000	715,662,000	680,009,000	671,019,000	664,802,000	627,564,000	592,936,000	566,541,000	579,579,000	575,039,000	559,870,000	548,041,000	550,361,000	524,402,000	505,507,000	486,140,000	479,345,000	475,161,000	472,338,000	476,038,000	500,502,000	493,572,000	494,705,000	492,492,000	471,393,000	476,116,000	476,170,000	476,564,000	478,864,000	474,345,000	459,397,000	459,368,000	454,024,000	436,329,000	417,804,000	408,011,000	414,685,000	423,268,000	425,423,000	455,367,000	456,947,000	470,378,000	469,520,000	446,949,000	427,868,000	410,705,000	408,702,000	406,570,000	405,330,000	418,113,000	416,521,000	427,219,000	438,049,000	356,627,000	370,152,000	378,069,000	375,722,000	435,017,000	436,420,000	439,476,000	451,505,000	448,399,000	446,149,000	440,585,000	451,288,000	443,109,000	440,207,000	426,437,000	408,978,000	396,011,000	382,441,000		375,087,000	335,208,000	300,084,000	293,868,000	320,110,000	325,217,000
liabilities and equity																																																						2,013,000
current liabilities:
accounts payable – trade	31,073,000	38,400,000	33,616,000	17,595,000	21,031,000	28,337,000	22,220,000	31,254,000	43,216,000	42,073,000	28,766,000	22,100,000	17,874,000	34,091,000				32,266,000				16,907,000								7,463,000				8,149,000				9,171,000				10,212,000				9,210,000				6,626,000				4,655,000				6,985,000												25,167,000
current operating lease liabilities	6,980,000	6,921,000	6,859,000	6,767,000	6,683,000	5,746,000	5,857,000	3,482,000	3,724,000	4,469,000	5,082,000	5,095,000	5,142,000	5,180,000	4,902,000	4,376,000	4,515,000	4,600,000	4,999,000	5,380,000	4,632,000	4,875,000	5,105,000	5,310,000	5,287,000	4,935,000	5,080,000	5,275,000	5,421,000
current finance lease liabilities	469,000	469,000	469,000	469,000	469,000
accrued expenses and other current liabilities	26,793,000	29,587,000	16,537,000	12,254,000	14,392,000	16,360,000	15,883,000	17,173,000	15,760,000	19,717,000	14,842,000	20,346,000	13,173,000	15,328,000	12,109,000	16,383,000	15,184,000	13,617,000	14,121,000	11,274,000	9,185,000	8,955,000	6,049,000	7,295,000	7,196,000		6,231,000	8,115,000	8,078,000	9,546,000	10,225,000	10,555,000	10,956,000	13,716,000	11,223,000	7,442,000	14,261,000	13,348,000	10,875,000	8,346,000	6,958,000	9,423,000	9,189,000	8,223,000	6,746,000	10,347,000	19,511,000	12,472,000	9,813,000	12,147,000
total current liabilities	65,315,000	75,377,000	57,481,000	37,085,000	42,575,000	50,443,000	43,960,000	51,909,000	62,700,000	66,259,000	48,690,000	47,541,000	36,189,000	54,599,000	57,282,000	41,953,000	38,859,000	50,483,000	46,535,000	38,695,000	29,625,000	30,737,000	26,742,000	21,189,000	19,869,000	31,599,000	24,433,000	22,267,000	20,324,000	17,009,000	19,612,000	22,150,000	19,759,000	21,865,000	23,001,000	18,693,000	22,897,000	22,519,000	21,874,000	15,402,000	14,101,000	19,635,000	23,724,000	20,198,000	13,524,000	19,557,000	50,977,000	46,910,000	31,023,000	32,140,000	31,233,000	34,945,000	33,337,000	31,459,000	32,814,000	26,418,000	29,877,000	37,241,000	24,505,000	24,560,000	25,428,000	24,567,000	35,791,000	34,990,000	35,524,000	38,850,000	40,746,000	34,563,000	46,347,000	58,269,000	65,787,000	77,970,000	65,833,000	60,855,000	68,669,000	71,640,000		76,822,000	47,915,000	48,845,000	45,988,000	83,527,000	92,372,000
long-term liabilities:
deferred taxes	4,065,000	4,065,000	10,152,000	7,855,000	5,269,000	3,562,000	5,694,000	1,598,000	1,598,000	1,598,000	1,097,000	1,097,000	1,097,000	1,097,000	3,132,000	3,132,000	3,132,000	3,132,000	4,030,000	4,030,000	4,294,000	3,713,000	22,297,000	21,182,000	18,344,000	4,334,000	3,963,000	4,141,000	4,161,000	4,185,000	123,000	13,768,000	19,435,000	21,706,000	34,629,000	40,848,000		41,135,000	1,537,000	1,036,000	1,036,000	38,304,000	2,363,000	2,363,000	2,363,000	42,768,000				19,613,000			1,843,000	7,141,000	2,530,000	2,530,000	3,083,000	4,642,000	1,090,000	3,623,000	4,986,000		5,000,000	5,000,000	5,138,000		7,980,000	8,523,000	8,752,000		9,801,000	10,312,000	10,399,000	10,599,000
long-term operating lease liabilities	9,423,000	11,148,000	12,818,000	14,490,000	16,129,000	15,367,000	16,761,000	9,716,000	7,729,000	8,378,000	9,157,000	7,605,000	8,696,000	9,855,000	9,883,000	8,386,000	8,539,000	6,390,000	6,553,000	7,534,000	6,327,000	7,439,000	8,548,000	9,600,000	10,898,000	10,688,000	11,937,000	13,137,000	13,990,000
long-term finance lease liabilities	2,669,000	2,731,000	2,793,000	2,853,000	2,912,000
other long-term liabilities	2,448,000	2,405,000	2,769,000	2,763,000	2,706,000	2,700,000	2,647,000	600,000	593,000	970,000	3,072,000	3,144,000	3,158,000	3,034,000	2,997,000	2,959,000	2,920,000	2,794,000	2,581,000	1,951,000	278,000	273,000	282,000	140,000	136,000		4,310,000	4,670,000	4,935,000		7,947,000	4,004,000	4,039,000		3,343,000	2,260,000	2,242,000		2,227,000	1,158,000	987,000			797,000	1,672,000		1,904,000	1,890,000	1,876,000		2,105,000				2,530,000	2,731,000
total long-term liabilities	18,605,000	20,349,000	36,375,000	32,521,000	31,629,000	25,963,000	25,102,000	11,914,000	9,920,000	10,946,000	13,326,000	11,846,000	12,951,000	13,986,000	16,012,000	14,477,000	14,591,000	12,316,000	13,164,000	13,515,000	10,899,000	11,425,000	12,968,000	13,410,000	14,902,000		20,210,000	21,948,000	23,086,000		8,070,000	17,772,000	23,474,000		37,972,000	43,108,000	42,556,000		40,013,000	39,462,000	39,291,000		34,690,000	35,796,000	44,440,000		36,001,000	59,487,000	79,614,000		85,127,000	88,663,000	94,873,000		105,100,000	109,331,000	114,069,000		68,488,000	72,228,000	76,769,000		117,607,000	121,557,000	122,541,000		146,273,000	150,953,000	133,212,000		105,188,000	83,037,000	74,304,000		46,982,000	43,878,000		46,992,000	45,061,000	33,009,000	33,675,000	101,586,000	101,985,000
equity:
rex shareholders’ equity:
common stock	329,000		329,000	299,000	299,000		299,000	299,000	299,000		299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	299,000	298,000	298,000	298,000	298,000		295,000	295,000	295,000	294,000	175,000	175,000
paid in capital	137,000	66,000				6,470,000				3,769,000				578,000				149,334,000				149,110,000				148,789,000				148,273,000				146,923,000				145,767,000				144,844,000				144,791,000				144,051,000				143,575,000				142,994,000				142,293,000				141,698,000				142,486,000				141,357,000
retained earnings	628,769,000	610,317,000	566,594,000	775,717,000	768,606,000	759,928,000	748,830,000	724,330,000	711,952,000	701,761,000	681,193,000	655,117,000	646,062,000	640,826,000	632,665,000	629,481,000	647,532,000	642,350,000	620,924,000	605,646,000	597,770,000	589,986,000	586,443,000	577,602,000	579,350,000	586,985,000	582,583,000	584,635,000	582,379,000	579,558,000	578,501,000	566,626,000	557,409,000	547,913,000	528,860,000	515,692,000	512,751,000	508,207,000	495,826,000	486,888,000	478,712,000	475,874,000	472,188,000	464,732,000	448,365,000	444,438,000	424,090,000	400,750,000	378,843,000	357,101,000	341,227,000	331,360,000	325,535,000	322,028,000	326,471,000	326,062,000	325,256,000	324,323,000	309,534,000	303,052,000	300,705,000	296,053,000	300,656,000	296,406,000	295,172,000	290,984,000	283,713,000	281,438,000	280,601,000	282,332,000	287,711,000	288,361,000	287,155,000	285,629,000	279,772,000	265,106,000		259,496,000	252,249,000	242,387,000	240,898,000	123,812,000	119,374,000
total rex shareholders’ equity	629,235,000	610,712,000	566,923,000	545,766,000	536,382,000	560,337,000	564,491,000	539,633,000	524,467,000	513,918,000	492,993,000	466,560,000	453,641,000	447,982,000	439,472,000	442,784,000	436,018,000	430,792,000	409,323,000	399,272,000	392,609,000	384,783,000	381,909,000	386,354,000	389,488,000	401,007,000	396,565,000	398,578,000	395,795,000	392,937,000	395,279,000	385,138,000	381,931,000	381,492,000	362,396,000	349,184,000	345,008,000	340,435,000	328,025,000	319,059,000	309,763,000	311,263,000	317,633,000	324,087,000	353,898,000	349,971,000	339,449,000	324,421,000	302,382,000	279,281,000	263,322,000	255,677,000	249,863,000	246,352,000	251,426,000	252,381,000	253,908,000	252,511,000	238,155,000	249,730,000	249,936,000	244,932,000	251,018,000	250,123,000	251,521,000	246,623,000	236,612,000	236,877,000	237,075,000
noncontrolling interests	94,519,000	91,293,000	89,280,000	85,224,000		83,265,000	82,109,000	76,553,000	73,932,000	73,679,000	72,555,000	66,989,000	63,760,000	63,012,000	62,273,000	60,656,000	58,573,000	56,770,000	55,380,000	54,025,000	53,007,000	52,400,000	53,542,000	51,385,000	51,779,000	52,599,000	52,364,000	51,912,000	53,287,000	52,334,000	53,155,000	51,110,000	51,400,000	50,434,000	50,976,000	48,412,000	48,907,000	47,839,000	46,417,000	43,881,000	44,856,000	44,496,000	47,221,000	45,342,000	43,505,000	42,993,000	43,951,000	38,702,000	33,930,000	31,472,000	31,023,000	29,417,000	28,497,000	27,931,000	28,773,000	28,391,000	29,365,000	29,332,000	25,479,000	23,634,000	25,936,000	25,032,000	30,601,000	29,750,000	29,890,000	28,473,000	24,768,000	23,756,000	23,951,000
total equity	723,754,000	702,005,000	656,203,000	630,990,000	619,636,000	643,602,000	646,600,000	616,186,000	598,399,000	587,597,000	565,548,000	533,549,000	517,401,000	510,994,000	501,745,000	503,440,000	494,591,000	487,562,000	464,703,000	453,297,000	445,616,000	437,183,000	435,451,000	437,739,000	441,267,000	453,606,000	448,929,000	450,490,000	449,082,000	445,271,000	448,434,000	436,248,000	433,331,000	431,926,000	413,372,000	397,596,000	393,915,000	388,274,000	374,442,000	362,940,000	354,619,000	355,759,000	364,854,000	369,429,000	397,403,000	392,964,000	383,400,000	363,123,000	336,312,000	310,753,000	294,345,000	285,094,000	278,360,000	274,283,000	280,199,000	280,772,000	283,273,000	281,843,000	263,634,000	273,364,000	275,872,000	269,964,000	281,619,000	279,873,000	281,411,000	275,096,000	261,380,000	260,633,000	261,026,000
total liabilities and equity	807,674,000	797,731,000	750,059,000	700,596,000	693,840,000	720,008,000	715,662,000	680,009,000	671,019,000	664,802,000	627,564,000	592,936,000	566,541,000	579,579,000	575,039,000	559,870,000	548,041,000	550,361,000	524,402,000	505,507,000	486,140,000	479,345,000	475,161,000	472,338,000	476,038,000	500,502,000	493,572,000	494,705,000	492,492,000	471,393,000	476,116,000	476,170,000	476,564,000	478,864,000	474,345,000	459,397,000	459,368,000	454,024,000	436,329,000	417,804,000	408,011,000	414,685,000	423,268,000	425,423,000	455,367,000	456,947,000	470,378,000	469,520,000	446,949,000	427,868,000	410,705,000	408,702,000	406,570,000	405,330,000	418,113,000	416,521,000	427,219,000	438,049,000	356,627,000	370,152,000	378,069,000		435,017,000	436,420,000	439,476,000		448,399,000	446,149,000	440,585,000
property and equipment - net		272,029,000				210,683,000				155,587,000				135,497,000				137,554,000				153,186,000				163,327,000				182,521,000				197,827,000				182,761,000				189,976,000				194,447,000				202,258,000				223,180,000				240,084,000
equity method investments		37,759,000				35,800,000				34,936,000				33,045,000				30,566,000				29,456,000				32,464,000				32,075,000		35,117,000	35,246,000	34,549,000	35,755,000	36,665,000	38,533,000	37,833,000	37,954,000	38,622,000	38,940,000	38,707,000	41,088,000	41,778,000	78,200,000	80,389,000	75,524,000	78,069,000	74,439,000	71,189,000	69,211,000	65,915,000	61,323,000	59,959,000	61,072,000	59,564,000	60,081,000	61,679,000	80,755,000	74,506,000	70,781,000	67,349,000	64,360,000	61,095,000	46,081,000	44,071,000			38,566,000	38,861,000	41,549,000	40,505,000	39,509,000	38,748,000
long-term taxes payable			7,843,000	4,560,000	4,613,000	4,334,000
commitments and contingencies (notes 11 and 13) equity:
common stock, at 0.01 par value...		329,000				299,000
equity
paid-in capital				8,037,000	6,532,000		6,254,000	5,961,000	4,064,000		3,475,000	3,181,000	940,000		278,000		149,370,000		149,299,000	149,263,000	149,144,000		149,077,000	149,044,000	148,821,000		148,756,000	148,724,000	148,303,000		148,242,000	148,212,000	146,981,000		146,887,000	146,851,000	145,790,000		145,744,000	145,721,000	144,856,000		144,814,000	144,801,000	144,791,000		144,791,000	144,791,000	144,643,000		143,788,000	143,788,000	143,705,000		143,667,000	143,667,000	143,592,000		142,379,000	142,379,000	142,326,000		142,270,000	142,270,000	142,120,000		142,806,000	142,735,000	142,678,000		142,310,000	142,584,000	141,867,000		143,682,000	143,214,000		140,264,000	139,337,000	137,400,000	135,775,000	107,370,000	107,338,000
treasury stock				-238,287,000	-239,055,000	-206,360,000	-190,892,000	-190,957,000	-191,848,000	-191,911,000	-191,974,000	-192,037,000	-193,660,000	-193,721,000	-193,770,000	-186,996,000	-361,183,000	-361,191,000	-361,199,000	-355,936,000	-354,604,000	-354,612,000	-353,910,000	-340,591,000	-338,982,000	-335,066,000	-335,073,000	-335,080,000	-335,186,000	-335,193,000	-331,763,000	-329,999,000	-322,758,000	-313,643,000	-313,650,000	-313,658,000	-313,832,000	-313,838,000	-313,844,000	-313,849,000	-314,104,000	-309,754,000	-299,668,000	-285,745,000	-239,557,000	-239,557,000	-229,731,000	-221,419,000	-221,403,000	-222,170,000	-221,992,000	-219,770,000	-219,676,000	-219,550,000	-219,011,000	-217,647,000	-215,239,000	-215,105,000	-214,057,000	-196,000,000	-193,394,000	-193,713,000	-192,207,000	-188,852,000	-186,097,000	-186,407,000	-190,255,000	-187,632,000	-186,503,000	-186,057,000	-183,845,000	-179,583,000	-170,532,000	-170,693,000	-171,960,000	-163,176,000		-160,400,000		-161,852,000		-96,360,000
non-controlling interests					83,254,000
commitments and contingencies
restricted cash											1,728,000	2,009,000	3,379,000	1,735,000	1,308,000	3,332,000	4,920,000	2,222,000	1,737,000	6,758,000	1,717,000	1,657,000	884,000	950,000	1,410,000	1,113,000	523,000	222,000	82,000	281,000	434,000	778,000	896,000	354,000	230,000	379,000	130,000	130,000	46,000	110,000	520,000	54,000	20,000	203,000						500,000	500,000	500,000															1,025,000	1,024,000	1,021,000		1,318,000	2,774,000
common stock, 0.01 par value...										299,000
assets:
liabilities and equity:
deferred taxes and other assets													22,018,000		21,267,000	21,950,000	24,817,000		33,190,000	30,649,000	25,977,000
accounts payable, trade															40,271,000	21,194,000	19,160,000		27,133,000	22,041,000	15,808,000		15,588,000	8,584,000	7,386,000		13,122,000	8,877,000	6,825,000		9,387,000	11,595,000	8,803,000		11,778,000	11,251,000	8,636,000		10,999,000	7,056,000	7,143,000		14,535,000	11,975,000	6,778,000		9,066,000	6,667,000	6,956,000		7,442,000	5,965,000	6,919,000		10,108,000	3,204,000	5,989,000		1,246,000	1,345,000	3,681,000		7,060,000	6,107,000	5,642,000		9,474,000	5,099,000	17,178,000		38,539,000	49,688,000	39,409,000		35,411,000	42,923,000		45,461,000		25,340,000		40,484,000	52,223,000
liabilities and equity: current liabilities:
current assets held for sale																			392,000
assets held for sale																			233,000																																																				92,000	92,000			522,000	1,064,000		1,676,000		2,148,000
current liabilities held for sale																			282,000
commitments and contingencies (note 13) equity:
accounts payable – trade (includes 0.7 million and 1.9 million with related
related parties at january 31, 2020 and 2019, respectively)																										18,900,000
accrued expenses and other current liabilities (includes 0.5 million and 1.6 million
with related parties at january 31, 2020 and 2019, respectively)																										7,764,000
long term liabilities:
other long term liabilities																										275,000				4,928,000				3,367,000				2,096,000				987,000				1,658,000				1,862,000				211,000			2,720,000	2,703,000				4,114,000
total long term liabilities																										15,297,000				9,113,000				25,073,000				43,231,000				39,291,000				44,426,000				84,975,000				99,588,000				118,965,000				81,191,000				137,559,000				129,386,000				63,803,000
deferred taxes - net																																						824,000				1,036,000				2,363,000				2,146,000				3,930,000				3,090,000
commitments and contingencies equity:
restricted investments and deposits																																																	223,000	223,000			503,000	503,000	503,000	683,000	1,003,000	1,363,000	1,600,000	1,600,000	1,600,000	1,600,000	1,600,000	1,600,000	2,100,000
current portion of long term debt																																																		12,226,000				15,623,000																				4,101,000
derivative financial instruments																																																371,000	747,000	1,141,000	1,540,000	1,893,000	1,759,000	1,859,000	1,843,000	1,766,000	1,733,000	1,694,000	1,740,000	1,720,000	1,639,000	1,835,000	2,101,000	2,023,000	1,749,000	1,829,000	2,796,000	2,105,000	2,354,000	1,996,000	1,359,000	839,000	2,129,000	2,601,000
long term debt																																																		63,500,000				91,306,000																				35,224,000
current portion of long-term debt																																															19,000,000	24,000,000	10,125,000		10,370,000	16,849,000	15,595,000																						2,231,000	2,183,000		2,013,000	2,678,000	2,432,000	2,389,000	5,319,000	5,272,000
long-term debt																																															14,500,000	38,000,000	58,125,000		78,039,000	81,451,000	87,133,000
accounts receivable - net																																																		16,486,000				11,567,000				12,784,000
inventories																																																			16,306,000	29,372,000	21,185,000		28,304,000	29,354,000
deferred income																																																			37,000	143,000	353,000	627,000	950,000	1,315,000	1,510,000	1,864,000	2,252,000	2,723,000	3,300,000	3,982,000	4,804,000	5,762,000	6,772,000	7,818,000	8,813,000	9,659,000	10,489,000	11,952,000	12,485,000	13,144,000	13,708,000	14,448,000	14,472,000				13,825,000	12,308,000	12,213,000	15,036,000	15,525,000
accrued real estate taxes																																																			1,174,000	1,983,000	2,874,000	2,651,000	1,310,000	2,100,000	2,741,000	2,750,000	2,132,000	1,792,000	2,576,000	2,393,000	1,526,000	1,196,000	1,815,000	2,968,000
accrued payroll and related items																																																			2,380,000	1,348,000	639,000	302,000	740,000	660,000	510,000	2,882,000	1,637,000																				4,528,000	4,025,000	7,183,000
other current liabilities																																																			3,823,000	5,212,000	5,198,000	5,742,000	5,029,000	4,658,000	4,683,000	5,844,000	4,415,000	5,995,000	3,732,000	3,640,000	6,360,000	5,584,000	5,324,000	5,442,000	6,492,000	6,696,000	4,090,000	5,951,000	6,715,000	7,140,000	5,928,000	13,617,000	13,315,000	9,381,000		8,606,000	5,389,000	5,784,000	5,863,000	9,236,000	9,246,000
commitments and contingencies:
current portion of long-term debt, alternative energy																																																							12,567,000	12,454,000	12,369,000		10,741,000	10,643,000	10,158,000
current portion of long-term debt, other																																																							267,000	261,000	342,000		342,000	342,000	342,000		336,000	329,000	323,000		369,000	362,000	648,000
long-term debt, alternative energy																																																							95,117,000	99,362,000	103,557,000		60,955,000	63,679,000	66,387,000
long-term debt, other																																																							619,000	687,000	668,000		789,000	1,187,000	1,260,000		2,011,000	2,098,000	2,182,000		2,686,000	2,780,000	3,371,000
inventory - net																																																										30,349,000
current portion of long term debt – alternative energy																																																										14,972,000
current portion of long term debt – other																																																										250,000				342,000				371,000				1,576,000
accrued restructuring charges																																																														146,000	444,000	475,000	502,000	511,000			4,786,000	4,171,000
long term debt – alternative energy																																																										107,706,000
long term debt – other																																																										821,000				1,924,000				2,596,000				9,936,000
other																																																											2,826,000	2,859,000	4,145,000		4,822,000	4,916,000	575,000	419,000	4,462,000	6,559,000	4,487,000	4,152,000	1,176,000	1,152,000	6,485,000	4,313,000	619,000	940,000		940,000
accounts receivable-net																																																														9,619,000				9,123,000				4,197,000				1,877,000
inventory- net																																																														7,819,000				8,698,000				24,374,000
deferred taxes-net																																																														5,834,000				6,375,000				13,230,000
property and equipment-net																																																														169,811,000				246,874,000				235,454,000				136,505,000
investments in debt instruments																																																																	514,000	1,014,000			891,000	933,000
liabilities and shareholders’ equity																																																																		2,010,000
current portion of long term debt and capital lease obligations – alternative energy																																																														9,672,000				12,935,000				5,898,000
accounts payable –trade																																																														2,557,000				6,976,000								27,253,000
long term debt and capital lease obligations – alternative energy																																																														69,049,000				124,093,000				94,003,000
accumulated other comprehensive income, net of tax																																																																	27,000	49,000	49,000	37,000								9,717,000
total liabilities and shareholders’ equity																																																														375,722,000				451,505,000					443,109,000		426,437,000	408,978,000						300,084,000	293,868,000
current portion of long-term debt and capital lease obligations, alternative energy																																																															13,160,000	13,514,000	13,397,000		12,802,000	10,642,000	6,203,000
long-term debt and capital lease obligations, alternative energy																																																															103,167,000	106,317,000	110,716,000		127,450,000	128,045,000	107,825,000
restricted investments																																																																		2,100,000			2,289,000	2,284,000	2,503,000	2,496,000	2,491,000	2,481,000	2,462,000	2,443,000		2,425,000	2,406,000	2,337,000	2,318,000	2,211,000	2,200,000
deferred gain on sale and leaseback																																																																					599,000	1,558,000	1,655,000	1,389,000	1,436,000	1,436,000	1,730,000	6,163,000		6,748,000				1,511,000	1,716,000
investments																																																																			43,038,000	41,999,000							66,936,000	60,887,000		41,936,000	35,699,000
liabilities and shareholders’ equity:
goodwill																																																																								1,322,000	1,322,000	1,322,000	1,322,000	1,322,000		1,322,000	1,322,000
minority interest in consolidated subsidiaries																																																																						24,573,000	25,659,000	27,539,000	27,512,000	27,729,000
shareholders’ equity:
total shareholders’ equity																																																																						239,060,000	246,475,000			256,591,000						218,230,000	214,205,000
total liabilities andshareholders’ equity																																																																						451,288,000
synthetic fuel receivable																																																																										573,000	1,683,000	3,851,000		5,485,000	8,838,000	3,021,000	1,680,000
investments in marketable equity securities
current portion of long-term debt and capital lease obligations																																																																							6,393,000	6,609,000	5,352,000
long-term debt and capital lease obligations																																																																							84,517,000	62,127,000	45,276,000
total shareholders' equity																																																																								251,661,000	258,788,000		251,792,000	255,159,000		239,655,000	230,789,000			134,997,000	130,860,000
total liabilities and shareholders' equity																																																																								440,207,000			396,011,000	382,441,000		375,087,000	335,208,000			320,110,000	325,217,000
liabilities and shareholders' equity:
merchandise inventory- net																																																																										49,933,000
assets held for sale-net
merchandise inventory																																																																											78,427,000	84,256,000		90,427,000		108,516,000	97,371,000	156,118,000	160,235,000
future income tax benefits																																																																											6,619,000	6,562,000		7,288,000	9,192,000	9,339,000	9,361,000	9,837,000	9,837,000
liabilities and shareholders' equity
notes payable																																																																											1,510,000							12,121,000	9,448,000
long-term mortgage debt																																																																											24,218,000	19,122,000		20,627,000	31,236,000	20,701,000	21,462,000	85,039,000	84,744,000
minority interest in consolidated subsidiary																																																																											28,568,000	11,764,000			11,443,000
shareholders' equity:
note receivable, related party
deferred income – extended warranties																																																																												15,085,000		15,322,000
current portion of deferred gain on sale and leaseback																																																																												2,068,000		5,420,000
minority interest in consolidated
subsidiary																																																																														11,618,000
2007 and 2006, respectively																																																																															1,975,000
merchandise inventory—net																																																																															70,078,000
property and equipment—net																																																																															122,769,000		125,245,000
assets held for sale—net																																																																															2,009,000		1,497,000
accounts payable—trade																																																																															23,254,000		19,129,000
accrued income taxes																																																																															593,000	606,000	541,000
current portion of deferred income																																																																															11,473,000	10,658,000	10,883,000
see notes to consolidated financial statements.
escrow deposit
current portion of deferred income and deferred gain on sale and leaseback																																																																																		11,385,000
accrued payroll																																																																																		4,982,000	4,706,000
current portion, deferred income and deferred gain on sale and leaseback																																																																																			11,477,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-04-30	2026-01-31	2025-10-31	2025-07-31	2025-04-30	2025-01-31	2024-10-31	2024-07-31	2024-04-30	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2013-01-31	2012-10-31	2012-07-31	2012-04-30	2012-01-31	2011-10-31	2011-07-31	2011-04-30	2011-01-31	2010-10-31	2010-07-31	2010-04-30	2010-01-31	2009-10-31	2009-07-31	2009-04-30	2009-01-31	2008-10-31	2008-07-31	2008-04-30	2008-01-31	2007-10-31	2007-07-31	2007-04-30	2006-04-30	2006-01-31	2001-10-31

cash flows from operating activities:
net income	21,678,000																																																																					-5,379,000	-650,000	1,206,000	1,526,000	5,857,000	14,666,000	5,810,000	7,534,000	1,489,000	16,856,000	4,438,000
adjustments to reconcile net income to net cash from operating activities:
depreciation	4,483,000	4,333,000	3,906,000	3,634,000	3,467,000	3,494,000	3,609,000	4,410,000	4,414,000	4,423,000	4,456,000	4,495,000	4,420,000	4,473,000	4,519,000	4,525,000	4,459,000	4,526,000	3,054,000	5,202,000	5,249,000	5,209,000	5,206,000	5,176,000	5,315,000	5,325,000	5,257,000	6,133,000	6,292,000	6,155,000	6,640,000	6,113,000	5,920,000
noncash operating lease expense	1,752,000
amortization of finance lease right-of-use assets	475,000	475,000	474,000
stock-based compensation expense	2,363,000	569,000	2,614,000	628,000	394,000								612,000
income from equity method investments	-3,566,000	-6,200,000	-4,388,000	-891,000	-1,006,000	-2,299,000	-3,621,000	-1,747,000	-1,718,000	-4,646,000	-4,738,000	-3,047,000	-1,490,000	-2,535,000	-661,000	-3,598,000	-1,951,000	-3,861,000				-332,000				-1,042,000	15,000	-239,000	-126,000	646,000	-611,000	-874,000	-697,000	-1,301,000	-1,094,000	-137,000	-700,000	-2,887,000	-1,838,000	-1,186,000	-233,000	-1,127,000	-1,314,000	-5,063,000	-1,480,000		-8,780,000	-7,245,000	-8,297,000	-7,617,000			-1,599,000	876,000			-442,000	-5,705,000	-6,284,000	-3,761,000	-5,782,000	-6,933,000				-4,883,000				2,117,000	-1,044,000	-874,000	-1,048,000	456,000	-535,000	-412,000	-1,110,000
interest income from investments	-2,025,000	-1,135,000	-708,000	-1,259,000	-1,740,000	-1,357,000	-927,000	-1,476,000	-1,816,000	-3,058,000	-2,983,000	-1,915,000	-2,052,000	-1,741,000	-610,000	-340,000	-148,000	-7,000	-9,000	-12,000	-15,000	-16,000	-21,000	-54,000	-125,000	-48,000	0	0	-25,000	-84,000
loss on disposal of property and equipment – net	41,000		19,000				-33,000
deferred income taxes	-4,879,000
changes in assets and liabilities:
accounts receivable	-6,915,000	12,760,000	-2,614,000	3,148,000	-6,465,000	820,000	1,931,000	-2,727,000	1,650,000	6,953,000	1,860,000	-2,781,000	-4,055,000	-2,487,000	15,884,000	-13,119,000	381,000	14,205,000	-10,505,000	-1,964,000	-7,844,000	-7,217,000	-2,752,000	-6,972,000	10,197,000	3,422,000	-8,709,000	3,981,000	-285,000	4,354,000	-1,084,000	6,615,000	-8,350,000	-3,112,000	1,137,000	-1,819,000	2,705,000	-849,000	2,564,000	-2,417,000	-1,833,000	1,811,000	447,000	-1,621,000	-1,133,000	1,792,000	3,406,000	2,900,000	-406,000	-5,212,000	6,135,000	509,000	-6,351,000	6,198,000	-2,886,000	146,000	-2,241,000	1,898,000	580,000	2,536,000	-798,000	647,000	-3,350,000	-1,432,000	1,663,000	138,000	-7,142,000	214,000	1,864,000	446,000	-1,134,000	-484,000	-1,148,000	-532,000	1,811,000	311,000	-1,464,000	-185,000	-1,555,000	1,581,000
inventory	1,876,000																																																				3,734,000				4,724,000	-11,773,000	285,000	2,310,000	-4,861,000	1,294,000	-4,174,000			-1,025,000	159,000				2,903,000
prepaid expenses and other	-1,803,000																																																																				-436,000			144,000	288,000		100,000	-884,000	867,000	913,000
refundable income taxes	1,643,000		2,400,000	-1,107,000	-915,000		-284,000	-686,000	1,142,000		1,206,000	-671,000	-2,021,000		-713,000	198,000	581,000		540,000				4,673,000																														150,000				552,000				8,503,000				6,573,000
accounts payable – trade	-8,596,000
long-term taxes payable		-7,843,000	3,283,000	-53,000	279,000
accrued expenses and other liabilities	-8,616,000
net cash from operating activities	-2,089,000	53,782,000	51,239,000	16,284,000	-3,476,000	25,086,000	33,398,000	7,971,000	-2,263,000	60,778,000	58,555,000	19,264,000	-10,627,000	801,000	53,223,000	18,450,000	-17,679,000	41,280,000	33,274,000	3,594,000	13,563,000	-12,876,000	30,533,000	-8,773,000	-261,000	12,679,000	-14,828,000	10,952,000	1,540,000	19,062,000	10,622,000	21,767,000	-3,520,000	6,909,000	20,518,000	4,777,000	8,765,000	27,750,000	30,002,000	17,036,000	-5,679,000	18,352,000	19,276,000	-2,726,000	5,288,000	22,155,000	53,439,000	34,800,000	26,822,000	21,007,000	34,946,000	-317,000	8,799,000	3,816,000	9,758,000	-1,502,000	4,976,000	12,378,000	9,664,000	3,732,000	9,122,000	9,672,000	2,260,000	2,210,000	13,779,000	10,672,000	4,126,000	-14,217,000	10,397,000	29,456,000	-22,858,000	1,540,000	-5,215,000	18,933,000	13,709,000	-11,880,000	-5,933,000	-6,056,000
cash flows from investing activities:
capital expenditures	-11,639,000	-12,786,000	-26,729,000	-22,024,000	-6,900,000	-15,890,000	-15,209,000	-15,387,000	-24,832,000	-15,304,000	-14,186,000	-3,974,000	-4,199,000	-8,396,000	-4,246,000	-1,474,000	-1,462,000	-881,000	-1,552,000	-1,426,000	-1,267,000	-3,802,000	-918,000	-992,000	-4,700,000	-1,133,000	-1,194,000	-817,000	-632,000	-2,821,000	-2,141,000	-2,752,000	-3,061,000	-4,702,000	-4,949,000	-8,461,000	-5,905,000	-2,372,000	-2,502,000	-4,860,000	-4,474,000	-5,643,000	-3,987,000	-3,358,000	-2,507,000	0	-4,705,000	-2,855,000	-547,000	-1,359,000	-1,907,000	-220,000	-32,000	-1,151,000	-213,000	-637,000	-1,683,000	-6,622,000	-83,000	-82,000	-555,000	-2,234,000	-2,881,000	-286,000	-632,000	-1,120,000	-2,637,000	-10,319,000	-21,576,000	-25,368,000	-14,222,000	-33,015,000	-28,666,000	-42,560,000	-10,991,000	-6,140,000	-9,063,000	-129,000
free cash flows	-13,728,000	40,996,000	24,510,000	-5,740,000	-10,376,000	9,196,000	18,189,000	-7,416,000	-27,095,000	45,474,000	44,369,000	15,290,000	-14,826,000	-7,595,000	48,977,000	16,976,000	-19,141,000	40,399,000	31,722,000	2,168,000	12,296,000	-16,678,000	29,615,000	-9,765,000	-4,961,000	11,546,000	-16,022,000	10,135,000	908,000	16,241,000	8,481,000	19,015,000	-6,581,000	2,207,000	15,569,000	-3,684,000	2,860,000	25,378,000	27,500,000	12,176,000	-10,153,000	12,709,000	15,289,000	-6,084,000	2,781,000	22,155,000	48,734,000	31,945,000	26,275,000	19,648,000	33,039,000	-537,000	8,767,000	2,665,000	9,545,000	-2,139,000	3,293,000	5,756,000	9,581,000	3,650,000	8,567,000	7,438,000	-621,000	1,924,000	13,147,000	9,552,000	1,489,000	-24,536,000	-11,179,000	4,088,000	-37,080,000	-31,475,000	-33,881,000	-23,627,000	2,718,000	-18,020,000	-14,996,000	-6,185,000
purchases of short-term investments	-91,567,000																				-25,930,000
maturities of short-term investments	34,000,000																				26,275,000
proceeds from disposal of real estate and property and equipment	299,000
deposits	-8,000	9,000	-10,000	0	128,000	-15,000	-8,000	-12,000	215,000	-16,000	-7,000	-11,000	-9,000
net cash from investing activities	-68,915,000	-135,146,000	-20,078,000	65,724,000	1,809,000	-110,490,000	3,858,000	21,877,000	11,895,000	91,669,000	-88,174,000	3,865,000	21,042,000	-64,481,000	33,016,000	-24,259,000	-142,783,000	-5,111,000	10,129,000	1,168,000	-892,000	-10,764,000	2,328,000	-974,000	-11,381,000	-27,158,000	-837,000	-812,000	14,375,000	-2,814,000	95,122,000	-2,745,000	-114,204,000	-4,757,000	-16,793,000	-8,548,000	-5,848,000	-181,000	-1,900,000	-3,007,000	-2,659,000	-5,606,000	-3,798,000	42,704,000	-1,099,000		-4,596,000	-2,125,000	-17,000	5,124,000	1,817,000	-218,000	109,000	-574,000	44,000	1,400,000	-845,000	4,970,000	1,750,000	3,980,000	-131,000	-1,261,000	2,626,000	-7,049,000	-112,000	3,659,000	-2,444,000	-9,352,000	-22,600,000					-1,023,000	3,814,000	-1,671,000	78,280,000	584,000
cash flows from financing activities:
treasury stock acquired		-1,000	0	-712,000	-32,670,000									0	-6,819,000			0	-5,271,000			-1,540,000	-12,499,000	-1,667,000	-3,923,000					-3,436,000	-1,771,000	-8,062,000	-8,586,000					0	0	0	-4,709,000	-9,741,000	-16,861,000							-407,000	-2,223,000	-292,000	-564,000	-540,000	-1,363,000			-994,000	-18,062,000	-2,685,000	-477,000	-1,563,000	-3,355,000	-3,281,000	-30,000	-911,000	-3,006,000	-1,326,000	-1,211,000	-2,212,000	-6,444,000			-1,717,000	-9,090,000				-19,273,000
payments to noncontrolling interests holders		-1,852,000	0			-1,849,000	-47,000	-8,000	-1,829,000	-3,628,000	0	0	-716,000	-2,267,000	-97,000	-1,632,000	-1,000	-3,257,000	-211,000	-1,229,000	-75,000	-2,645,000	-126,000	-122,000	-35,000	-1,666,000	0	-2,511,000	-87,000																		0											-288,000	0
principal paid on finance lease liabilities	-62,000	-62,000
net cash from financing activities	-62,000	-1,906,000	-119,000	-959,000	-34,675,000	-16,590,000	-47,000	-8,000	-1,829,000	-3,606,000	0	0	-716,000	-2,267,000	-6,916,000	-7,825,000	-1,000	-3,233,000	-5,341,000	-2,514,000	-7,000	-4,161,000	-12,560,000	-1,776,000	-3,948,000	-1,612,000	73,000	-2,472,000	59,000	-6,099,000	-1,620,000	-9,625,000	-8,476,000	-1,624,000	738,000			-1,746,000	0	-1,828,000	-4,977,000	-13,607,000	-16,959,000				-36,812,000	-6,088,000	-6,305,000	-14,381,000	-12,119,000	-4,481,000	-4,210,000	-2,274,000	-5,659,000	-8,000,000	-7,080,000	-29,103,000	-21,081,000	-8,228,000	-3,059,000	-4,955,000	-6,939,000	-6,965,000	-12,645,000	1,619,000	-1,337,000	21,818,000	6,066,000									457,000
net decrease in cash and cash equivalents	-71,066,000																																																					968,000									-2,053,000				345,000	-1,751,000	-6,137,000
cash and cash equivalents, beginning of period	188,734,000		0	0	196,255,000		0	0	223,397,000																										0	0	188,576,000		0	0	135,765,000		0	0	137,697,000		0	0	105,149,000		0	0	69,073,000		0	0	75,013,000		0	0	91,019,000		0	0	100,398,000		0	0	91,991,000		0	0	127,716,000		0	0	43,008,000	20,096,000		0
cash and cash equivalents, end of period	117,668,000		31,042,000	81,049,000	159,913,000		37,209,000	29,840,000	231,200,000																										4,463,000	-5,496,000	191,493,000		28,102,000	12,201,000	122,450,000		-1,481,000	-3,779,000	141,886,000		12,031,000	26,587,000	125,649,000		24,644,000	-5,016,000	73,771,000		4,143,000	-8,102,000	72,064,000		-9,667,000	-516,000	96,951,000		-2,053,000	-11,804,000	101,420,000		345,000	-1,751,000	85,854,000		-13,393,000	-26,693,000	106,301,000		12,673,000	-15,062,000	105,355,000	15,081,000		-382,000
non-cash investing activities – accrued capital expenditures	7,809,000		4,541,000	-2,023,000	2,717,000								274,000
non-cash investing activities – capital additions transferred from prepaid expenses	20,000
non-cash financing activities – stock awards accrued	2,291,000		2,833,000	258,000	301,000								189,000
non-cash financing activities – stock repurchases accrued					577,000
non-cash financing activities – excise tax on stock repurchases accrued			0	-3,000	261,000
operating right-of-use assets acquired and liabilities incurred upon lease commencement		0	0
finance right-of-use assets acquired and liabilities incurred upon lease commencement		0	0
dividends received from equity method investments		8,020,000	0			5,514,000				6,517,000				3,259,000
loss on disposal of real estate and property and equipment																																		105,000															5,000	-26,000			-4,000	-67,000			16,000							30,000	-2,000				358,000
deferred income tax				2,586,000	1,707,000	-2,132,000	6,439,000	3,016,000	2,479,000	4,579,000	6,101,000	2,605,000	1,342,000	-4,049,000	811,000	2,992,000	1,161,000	6,890,000	10,581,000	-4,761,000	20,000	-2,518,000	-647,000	-3,036,000	-1,748,000	-1,242,000	-3,534,000	-2,675,000	-3,619,000	-1,218,000	-14,208,000	-5,667,000	-2,271,000	-12,923,000	-6,219,000	534,000	3,000	4,062,000				3,882,000	566,000			17,150,000	0	-16,000	5,339,000	7,746,000	2,831,000	3,384,000	2,026,000	-1,615,000	558,000			6,490,000	5,318,000	1,440,000	1,419,000	-1,709,000	4,137,000	160,000	1,215,000	14,479,000	-1,064,000	-370,000	-87,000	-197,000	511,000	87,000	200,000	34,000	3,491,000	-2,475,000	1,859,000	382,000
prepaid expenses and other assets
income taxes refundable
capital contributions from minority investor																				71,000	68,000	24,000	65,000	13,000	10,000	54,000	73,000	39,000	146,000	92,000	186,000	136,000	110,000	180,000
net increase in cash and cash equivalents		-83,270,000	31,042,000	81,049,000	-36,342,000		37,209,000	29,840,000	7,803,000																									528,000			2,917,000	25,823,000	28,102,000	12,201,000	-13,315,000	-861,000	-1,481,000	-3,779,000	4,189,000	-26,570,000	12,031,000	26,587,000	20,500,000	11,750,000			4,698,000			-8,102,000	-2,949,000			-516,000	5,932,000				1,022,000					25,776,000	-13,393,000	-26,693,000	-21,415,000	24,750,000	12,673,000	-15,062,000	62,347,000	-5,015,000	13,672,000	-382,000
cash and cash equivalents-beginning of year
cash and cash equivalents-end of year
non-cash investing activities-accrued capital expenditures
non-cash investing activities-capital additions transferred from prepaid expenses
non-cash financing activities-stock awards issued
non-cash financing activities-stock awards accrued
non-cash financing activities-stock repurchases accrued
net income including noncontrolling interests			27,469,000				30,103,000	15,007,000	12,273,000	25,298,000	31,642,000	12,284,000	6,700,000	11,168,000	4,898,000	14,885,000	6,986,000	26,049,000	16,703,000	10,052,000	8,398,000		11,059,000	-2,033,000	-8,430,000		-1,673,000	3,353,000	3,715,000		13,769,000	10,490,000	10,352,000		14,994,000	4,171,000	5,612,000		11,474,000	9,029,000	3,466,000		9,433,000	18,711,000	4,439,000		28,589,000	26,718,000	24,200,000		11,478,000	6,745,000	4,073,000		893,000	1,289,000	1,492,000		8,327,000	2,033,000	5,556,000	-3,058,000	5,101,000	1,094,000	5,605,000
amortization of operating lease right-of-use assets			1,662,000	1,645,000	1,552,000	1,596,000	1,039,000	1,675,000	1,478,000	1,479,000	1,095,000	1,337,000	1,334,000	1,223,000	1,270,000	1,405,000	1,430,000	1,432,000	1,394,000	1,345,000	1,389,000	1,376,000	1,291,000	1,344,000	1,347,000	1,656,000	1,656,000	1,659,000	1,333,000
inventories			3,957,000	-1,123,000	1,167,000		35,000	-2,062,000	-116,000		8,445,000	-4,661,000	7,445,000		7,883,000	6,460,000	-14,163,000		11,552,000	-15,072,000	11,193,000		8,767,000	-3,115,000	8,366,000		-8,967,000	-1,921,000	-1,673,000		3,535,000	917,000	-5,333,000		-2,005,000	-1,664,000	-3,370,000		4,150,000	2,099,000	-8,554,000		-306,000	-3,684,000	-1,504,000		5,791,000	1,906,000	177,000		13,066,000				1,050,000
other assets			1,487,000	-652,000	69,000		-295,000	-8,547,000	-3,797,000		5,562,000	-1,811,000	-3,342,000		2,802,000	1,376,000	-3,529,000		1,619,000	2,480,000	-2,187,000		-36,000	3,278,000	-3,759,000		31,000	-66,000	-75,000		-553,000	-549,000	-1,894,000		731,000	-923,000	-30,000		-231,000	1,400,000	1,589,000		-243,000	-1,883,000	2,075,000		265,000	1,483,000	-1,020,000		1,769,000	-664,000	828,000		1,146,000	71,000	296,000		-404,000	8,929,000	961,000				953,000
accounts payable, trade			12,857,000	-1,044,000	-8,852,000		-7,620,000	-1,276,000	-12,733,000		6,973,000	3,471,000	-16,066,000		19,244,000	1,979,000	-13,233,000		5,459,000	6,446,000	-989,000		5,999,000	1,633,000	-11,934,000		4,209,000	2,169,000	-760,000		-2,320,000	2,991,000	1,011,000		517,000	2,986,000	-1,308,000		4,740,000	-803,000	-2,284,000		4,652,000	1,890,000	-1,629,000		2,273,000	-778,000	580,000		1,279,000	-954,000	2,264,000		6,811,000	-2,785,000	-996,000		177,000	-2,776,000	1,124,000		953,000	465,000	-1,334,000		6,110,000	-10,001,000	-2,317,000		-19,506,000	6,449,000	11,567,000		-10,466,000	-1,889,000	18,207,000	6,211,000		-11,739,000
other liabilities			-3,476,000	-1,709,000	-3,805,000		-1,193,000	1,250,000	-6,235,000		-7,831,000	6,463,000	-3,444,000		-5,454,000	1,049,000	124,000		1,827,000	2,318,000	-1,369,000		-2,361,000	-932,000	-2,008,000		-4,083,000	-1,562,000	-3,365,000		3,341,000	718,000	-1,980,000		4,082,000	-5,551,000	723,000		2,988,000	2,634,000	-2,465,000		-739,000	1,477,000	-3,587,000		7,053,000	2,673,000	-2,320,000		-1,166,000	-168,000	-195,000	1,216,000	-327,000	-505,000	-3,525,000	-101,000	366,000	1,505,000	160,000	-869,000	1,355,000	-795,000	-1,359,000	1,174,000	-2,301,000	492,000	-1,511,000	6,891,000	-575,000	-1,517,000	-8,455,000
purchase of short-term investments			-38,339,000	-49,252,000	-41,419,000		-54,203,000	-71,147,000	-84,978,000		-183,981,000	-92,052,000	-102,348,000		-117,383,000	-28,389,000	-161,599,000		-18,131,000				-22,775,000	-26,213,000	-19,237,000						-14,835,000
maturity of short-term investments			45,000,000	137,000,000	50,000,000		73,246,000	108,245,000	121,490,000
proceeds from sale of real estate and property and equipment						52,000	32,000			19,000	0	0	10,000																					62,000	0			1,000	482,000			65,000	1,000			1,182,000	109,000	457,000	30,000	5,470,000	2,943,000	322,000	141,000	577,000	77,000	1,717,000	478,000	1,009,000	1,833,000	1,179,000	424,000	1,020,000	5,426,000	1,486,000	54,000	3,754,000	29,000	971,000	2,000	2,793,000	5,272,000	1,097,000	10,000	1,864,000	13,188,000	2,447,000	77,276,000
non-cash investing activities – capital additions transferred from prepaid expense			416,000	460,000	76,000
non-cash financing activities – stock awards issued
net income including non-controlling interests					10,672,000
payments to non-controlling interests holders					-2,005,000
prepaid lease payment, prior to lease commencement									15,600,000
operating right-of-use assets acquired and liabilities incurred upon lease execution					3,007,000
finance right-of-use assets acquired and liabilities incurred upon lease execution					3,381,000
net increase in cash, cash equivalents and restricted cash										148,841,000	-29,619,000	23,129,000	9,699,000	-65,947,000	79,323,000	-13,634,000	-160,463,000		38,062,000	2,248,000	12,664,000		20,301,000	-11,523,000	-15,590,000		-15,592,000	7,668,000	15,974,000	10,149,000			-126,200,000
cash, cash equivalents and restricted cash-beginning of year
cash, cash equivalents and restricted cash-end of year
right-of-use assets acquired and liabilities incurred upon lease execution						0	10,399,000				2,898,000	215,000	97,000									0	0	0	1,863,000	0	0
reconciliation of total cash, cash equivalents and restricted cash:
cash and cash equivalents											-29,338,000	24,499,000	77,667,000							-2,793,000	157,105,000	-28,574,000	20,367,000	-11,063,000	163,771,000	-16,681,000	-15,893,000	7,528,000	204,704,000	10,302,000	104,468,000	9,515,000	64,246,000
restricted cash											-281,000	-1,370,000	3,379,000							5,041,000	1,717,000	773,000	-66,000	-460,000	1,410,000	-8,564,000	301,000	140,000	82,000	-153,000	-344,000	-118,000	896,000	-124,000	149,000			-84,000	64,000	410,000	-466,000	-34,000	183,000			0	0	0	500,000	0	0																-1,000
total cash, cash equivalents and restricted cash											-29,619,000	23,129,000	81,046,000							2,248,000	158,822,000	-27,801,000	20,301,000	-11,523,000	165,181,000	-16,091,000	-15,592,000	7,668,000	204,786,000	10,149,000	104,124,000	9,397,000	65,142,000
stock based compensation expense							1,208,000	1,056,000	716,000	1,063,000	1,254,000			635,000	439,000	638,000	218,000	653,000	533,000	276,000	291,000	142,000	42,000	41,000	39,000	182,000	-33,000	120,000	128,000	-61,000	287,000	372,000	71,000	760,000	531,000	154,000	196,000	1,246,000	28,000	25,000	15,000	41,000	13,000																										176,000				348,000	348,000	348,000	353,000	364,000	566,000
non cash investing activities – accrued capital expenditures							-1,298,000	635,000	3,938,000		-307,000									-213,000	280,000		176,000	-435,000	457,000		267,000	-142,000	147,000		134,000	327,000	142,000		305,000	-540,000	1,284,000		-167,000	716,000	634,000		846,000				376,000	489,000	-250,000																			-2,078,000	4,078,000		8,357,000	911,000	3,508,000
non cash investing activities – capital additions transferred from prepaid expenses							0
non cash financing activities – stock awards accrued							850,000	440,000	358,000		897,000									134,000	348,000						-72,000	80,000	91,000		250,000				487,000
non cash financing activities – stock awards issued							0				0												0				0				0				0
gain on sale of property and equipment – net																			2,000	0	-3,000		-36,000
net income from discontinued operations, net of tax																		132,000
net income from continuing operations														11,168,000	4,898,000	14,885,000	6,986,000	25,917,000
net cash from operating activities from continuing operations														801,000	53,223,000	18,450,000	-17,679,000	41,628,000
net cash from operating activities from discontinued operations																		-348,000
net cash from financing activities from continuing operations														-2,267,000	-6,916,000	-7,825,000	-1,000	-3,257,000
net cash from financing activities from discontinued operations																		24,000
loss on sale of property and equipment – net											0	215,000	-10,000			0	5,000
cash, cash equivalents and restricted cash, beginning of period											0	0	71,347,000		0	0	232,068,000		0	0	146,158,000		0	0	180,771,000		0	0	188,812,000		0	0	191,342,000
cash, cash equivalents and restricted cash, end of period											-29,619,000	23,129,000	81,046,000		79,323,000	-13,634,000	71,605,000		38,062,000	2,248,000	158,822,000		20,301,000	-11,523,000	165,181,000		-15,592,000	7,668,000	204,786,000		104,124,000	9,397,000	65,142,000
sale of short-term investments												99,902,000	127,588,000		154,645,000	5,604,000	20,278,000		29,802,000				26,236,000	26,212,000	12,834,000	0	0	0	15,000,000	0
accounts payable-trade
sales of short-term investments
other																					30,000		-215,000	19,000	-278,000			5,000	7,000		7,000	12,000	6,000		6,000	7,000	6,000		5,000	6,000	6,000		5,000	6,000	6,000														0								1,000				-168,000
repayment of note receivable
net increase (decreas)e in cash, cash equivalents and restricted cash
dividends received from equity method investee																							501,000	0	2,005,000						2,004,000				2,004,000
loss from equity method investments																				-1,844,000	-570,000			507,000	477,000																																							-1,083,000	-2,847,000			-183,000	260,000
gain on disposal of real estate and property and equipment																																						36,000	-179,000			-7,000	-1,000				-206,000											-49,000			-204,000	168,000				-1,952,000	9,000			-131,000	-3,051,000	-226,000	-2,000	-1,402,000	-6,190,000
net decrease in cash, cash equivalents and restricted cash
non cash financing activities-equity awards issued
non cash financing activities-equity awards accrued
non cash investing activities-accrued capital expenditures
initial right-of-use assets and liabilities recorded upon adoption of asc 842																										0	0	0	20,918,000
adjustments to reconcile net income to net cash provided by (used in) operating activities:
loss on sale of investment																																		0	0
purchase of short-term investment																																	-111,154,000
acquisition of business, net of cash acquired																																		0
proceeds from sale of investment																																		0	0			2,217,000	0	0	2,275,000	0	0
restricted investments and deposits																																	5,000	0	50,000	49,000	51,000	50,000	51,000			0	0			50,000	0
net increase in cash, cash equivalents and
loss on disposal of property and equipment																															0														-483,000
loan receivable repayments
gain on disposal of property and equipment																																	-8,000
non cash financing activities – accrued common stock repurchases																																	542,000
dividend payments to and purchases of stock from noncontrolling interests holders																															-35,000				0				0
adjustments to reconcile net income to net cash provided by operating activities:
accrued interest income																																-474,000	-341,000
impairment charges on real estate
non cash financing activities-accrued common stock repurchase
depreciation and amortization																																			5,740,000	5,021,000	4,934,000													4,106,000	4,367,000	4,420,000	4,391,000	4,172,000	4,189,000	4,220,000	4,021,000	3,880,000	2,687,000	2,786,000	2,733,000	5,107,000	5,190,000	3,917,000	3,729,000	4,114,000	3,625,000	1,663,000	1,201,000	2,510,000	476,000	1,452,000	623,000	385,000	542,000	780,000	721,000	985,000	1,504,000	1,041,000
gain on sale of investment																																						0	0	0	-192,000	0	0
purchase of stock from noncontrolling interests holders																																									-268,000
non cash financing activities – equity awards accrued																																					167,000
derivative financial instruments																																															-371,000	-376,000	-394,000	-399,000	-393,000	-412,000	-444,000	-437,000	-306,000	-367,000	-336,000	-550,000	-130,000	124,000	-732,000	-1,060,000
excess tax benefit from stock option exercises																																														882,000	0	-200,000	-241,000
payments of long term debt
stock options exercised																																														0	0	1,000	930,000	278,000	0	239,000	555,000	-93,000	0	99,000	259,000	45,000	5,000	54,000	258,000			676,000	762,000	4,795,000	426,000	174,000	643,000	0	1,121,000	9,000	323,000	2,151,000	-1,414,000	3,604,000	1,255,000	1,153,000
non cash financing activities-cashless exercises of stock options
non cash investing activities- loan receivable granted in connection with sale of real estate
depreciation, impairment charges and amortization																																							4,819,000	4,936,000	4,812,000		4,763,000	4,474,000	4,956,000		4,130,000	4,163,000	4,187,000
dividends received from equity method investees																																							2,506,000				2,005,000	2,004,000	3,634,000		11,289,000	3,580,000	5,012,000		0	0	200,000		0	0	2,005,000		0	0	2,316,000		255,000	0	802,000						0	0	400,000		0	350,000	175,000
non cash financing activities – equity awards issued																																							0
non cash financing activities – accrued treasury stock repurchases
payments of long-term debt																																															-28,500,000	-6,250,000	-7,476,000		-9,891,000	-4,428,000	-4,201,000		-4,194,000	-4,172,000	-6,813,000				-2,840,000				-13,377,000				-8,707,000				-1,038,000		-5,053,000	-1,335,000	-16,258,000	-718,000	-5,520,000
non cash investing activities – loan receivable granted in connection with sale of real estate
non cash financing activities – accrued treasury stock purchases
proceeds from sale of property and equipment																																													1,402,000
non cash financing activities-accrued noncontrolling interest holders payments
deferred income																																																			-106,000	-210,000	-274,000	-360,000	-471,000	-368,000	-590,000	-709,000	-906,000	-1,094,000	-1,273,000	-1,531,000	-1,863,000	-2,102,000	-2,320,000	-2,528,000	-2,710,000	-5,282,000	-6,039,000	-1,503,000	-1,176,000	-2,106,000	-1,991,000	-242,000	-1,805,000	-1,817,000	-955,000	-130,000	2,389,000
repayment of loan receivable
bargain purchase gain
income from synthetic fuel investments																																																										0	0											0	-21,000	0	-670,000	1,334,000	1,860,000	-3,406,000	-6,733,000
changes in assets and liabilities, net of acquisition:
proceeds from synthetic fuel investments
purchase of investments																																																																		0
payments for loan fees
repayments of contingent consideration liability
impairment charges and other																																																											11,000
restricted investments																																																			100,000			0	180,000	320,000	360,000									0	190,000					-5,000	-10,000	-19,000	-19,000	-18,000	-19,000	-19,000	-2,000
noncontrolling interests distribution and other																																																							-102,000	-1,457,000	-526,000
non cash financing activities - cashless exercise of stock options																																																							1,000	0	1,071,000
impairment charges and loss on deconsolidation, net of cash divested of 2,304
changes in assets and liabilities, net of acquisition and deconsolidation:
proceeds of note receivable
non cash activities-cashless exercises of stock options
non cash activities-accrued capital expenditures
non cash activities-accrued noncontrolling interest holders payments
impairment charges																																																																					13,000							0	65,000	85,000
proceeds from sale of synthetic fuel investment																																																											0
repayments of contingent consideration																																																											0
non cash investing activities - accrued capital expenditures
proceeds from long term debt
non cash activities-payable related to plant construction refinanced to long term debt
purchase of equity method investment																																																															0
principal payments received on investment in debt instruments																																																															81,000
proceeds from sale of restricted investments
payments of long-term debt and capital lease obligations																																																											-3,024,000				-3,584,000				-1,291,000				-2,192,000
non cash investing activities - contingent consideration for purchase of equity method investment
non cash activities - accrued capital expenditures
unrealized loss on investments																																																																	22,000				42,000
principal payments of note receivable																																																																	466,000
excess tax benefits from stock option exercises																																																																								14,000	-2,000	-40,000	-10,000	0	-19,000	-22,000
changes in assets and liabilities, net of deconsolidation:
prepaid expenses and other current assets																																																														-5,340,000	-1,285,000
other long term assets																																																																					1,120,000			520,000	705,000	-173,000	14,977,000	-10,005,000	396,000	25,000
proceeds from sale of synthetic fuel investments																																																																						0	21,000	0	1,243,000	-224,000	308,000	5,040,000	10,086,000
non cash activities–accrued capital expenditures
non cash activities–assets acquired by capital leases
other long-term assets																																																															-416,000
proceeds from long-term debt																																																																			2,769,000	25,864,000	15,341,000		24,366,000	16,786,000	11,936,000		10,697,000	0	4,984,000			2,100,000
proceeds from exercise of stock options
non cash investing activities – contingent consideration for purchase of equity method investment																																																															-139,000
adjustments to reconcile net income to net cash from (used in) operating activities:
losses on derivative financial instruments																																																																524,000	-189,000
realized losses on derivative financial instruments																																																																			-235,000
merchandise inventory																																																																	1,268,000				17,897,000				-6,867,000	28,494,000	5,829,000	6,171,000	-20,349,000	-11,145,000	38,785,000
restricted cash and investments																																																																					-1,026,000
net income (loss) including noncontrolling interests
(gains) losses on derivative financial instruments
gain on sale of investments
changes in assets and liabilities, net of acquisitions:
proceeds of note receivable and sale of investments
acquisition, net of cash acquired																																																																										157,000
net increase (decrease) in cash and cash equivalents
non cash activities–payable related to plant construction refinanced to long term debt
net income including noncontrolling interest																																																																			3,287,000	642,000	-2,353,000
unrealized losses on derivative financial instruments																																																																			896,000
non cash investing activities – assets acquired by capital leases																																																																							0	2,517,000	405,000
unrealized loss on derivative financial instruments																																																																					209,000
minority interest in consolidated subsidiaries
other current assets																																																																															-983,000	-278,000
loan fees
net cash from (used in) financing activities																																																																						18,291,000			11,223,000
non cash investing activities–accrued capital expenditures
non cash investing activities–assets acquired by capital leases
realized and unrealized gains on investments
realized and unrealized gains on derivative financial instruments
proceeds from sale of investments
net cash (used in) provided by investing activities																																																																									-27,423,000
non cash investing activities – non cash proceeds from investment sale
unrealized gains on derivative financial instruments
purchase of note receivable																																																																											-2,000,000
capitalized interest																																																																												-412,000	-499,000
minority interest																																																																									-217,000		-29,000	-54,000	175,000
unrealized gain on derivative financial instruments																																																																									-472,000
loss on early termination of debt																																																																													620,000
non cash investing activities– accrued capital expenditures																																																																										3,654,000
changes in assets and liabilities, excluding affects of acquisitions:
other current liabilities																																																																											5,392,000	775,000	-1,251,000	-3,172,000	453,000
purchase of equity investment in ethanol
net cash (used in) provided by financing activities																																																																													-10,000,000
non cash operating activities– non cash proceeds from investment sale
the accompanying notes are an integral part of these unaudited consolidated condensed financial statements.
(gain) loss on disposal of real estate and property and equipment																																																																													-4,536,000
accounts payable—trade
repayment of note receivable and sale of investments
cash and cash equivalents—beginning of year
cash and cash equivalents—end of year
see notes to consolidated financial statements.
income from limited partnerships																																																																														-2,062,000
loss on disposal of fixed assets																																																																														4,000
proceeds from sale of partnership interest																																																																														722,000	18,429,000	4,232,000
proceeds from sale of real estate and fixed assets																																																																														10,000
escrow deposit
gain on disposal of fixed assets																																																																															-264,000
sale of investments
decrease in note payable
gain on sale of partnership interest
net cash used in operating activities
proceeds from disposal of fixed assets
net cash provided by (used in) investing activities
increase in notes payable																																																																																2,673,000
common stock issued																																																																																32,000
treasury stock issued																																																																																15,000
net cash provided by financing activities
capital disposals
net cash from (used in) investing activities

REX American Resources Corporation(NYSE:REX)

REX American Resources Corporation
(NYSE:REX)