Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 14

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 profit and
loss reporting for all derivative instruments.

Financial assets and liabilities measured
at fair value on a recurring basis at April 30, 2025 are summarized below (amounts in thousands):

    Level 1  
    Level 2  
    Level 3  
    Fair Value 

    Forward purchase contracts asset (1) 
    $-  
    $840  
    $-  
    $840 

    Commodity futures asset (2) 
     669  
     -  
     -  
     669 

    Total assets 
    $669  
    $840  
    $-  
    $1,509 

    Forward purchase contracts liability (3) 
    $-  
    $1,105  
    $-  
    $1,105 

Financial assets and liabilities measured
at fair value on a recurring basis at January 31, 2025 are summarized below (amounts in thousands):

    Level 1  
    Level 2  
    Level 3  
    Fair Value 

    Forward 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