Company: REX
Filing Date: 2025-12-04
Form Type: 10-Q
Source: 0000930413-25-003566
Chunk: 17

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-12-04
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 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.

Note 6. Property and Equipment

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

    October 31, 2025  
    January 31, 2025 

    Land and improvements 
    $42,512  
    $34,112 

    Buildings and improvements 
     25,580  
     24,026 

    Machinery, equipment, and fixtures 
     340,418  
     318,399 

    Construction in progress 
     121,645  
     94,010 

    Total property and equipment 
     530,155  
     470,547 

    Less: Accumulated depreciation 
     (269,982)  
     (259,864) 

    Total 
    $260,173  
    $210,683 

17

Note 7. Other Assets

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

    October 31, 2025  
    January 31, 2025 

    Prepaid utility lease 
    $-  
    $15,600 

    Other 
     1,321  
     1,121 

    Total 
    $1,321  
    $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):	

    October 31, 2025  
    January 31, 2025 

    Accrued payroll and related items 
    $9,186  
    $8,961 

    Accrued utility charges 
     2,561  
     3,085 

    Accrued transportation related items 
     71  
     555 

    Accrued real estate taxes 
     1,236  
     1,746 

    Forward purchase contracts 
     615  
     378 

    Other 
     2,868  
     1,635 

    Total 
    $16,537