Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 60

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 purchase contracts asset (1) 
    $-  
    $1,253  
    $-  
    $1,253 

    Commodity futures (2) 
     (1,291)  
     -  
     -  
     (1,291) 

    Total assets 
    $(1,291)  
    $1,253  
    $-  
    $(38) 

    Forward purchase contracts liability (3) 
    $-  
    $378  
    $-  
    $378 

(1)The forward purchase contracts asset is included in “Prepaid expenses and other” on the accompanying Consolidated
Balance Sheets.

(2)The commodity futures assets and liabilities are netted with cash collateral due from broker and included in “Prepaid
expenses and other” on the accompanying Consolidated Balance Sheets.

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

15

Note 6. Property and Equipment

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

    April
    30, 2025  
    January 31, 2025 

    Land and improvements 
    $34,112  
    $34,112 

    Buildings and improvements 
     24,218  
     24,026 

    Machinery, equipment, and fixtures 
     319,568  
     318,399 

    Construction in progress 
     100,954  
     94,010 

    Total property and equipment 
     478,852  
     470,547 

    Less: Accumulated depreciation 
     (263,247)  
     (259,864) 

    Total 
    $215,605  
    $210,683 

Note 7. Other Assets

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

    April
    30,  2025  
    January 31, 2025 

    Prepaid utility lease 
    $-  
    $15,600 

    Other 
     1,081  
     1,121 

    Total 
    $1,081  
    $16,721