Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 15

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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    $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 

Note 8. Accrued Expenses and Other Current Liabilities

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

    April
    30, 2025  
    January 31, 2025 

    Accrued payroll and related items 
    $4,089  
    $8,961 

    Accrued utility charges 
     2,772  
     3,085 

    Accrued transportation related items 
     707  
     555 

    Accrued real estate taxes 
     1,918  
     1,746 

    Forward purchase contracts 
     1,105  
     378 

    Other 
     3,801  
     1,635 

    Total 
    $14,392  
    $16,360 

16

Note 9. Derivative Financial Instruments

The Company is exposed to various market
risks, including changes in commodity prices (raw materials and finished goods). To manage risks associated with the volatility
of these natural business exposures, the Company enters into commodity agreements (exchange-traded futures contracts and swaps)
and forward purchase (corn) and sale (ethanol, distillers grains