SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Rex American Resources Corp – ‘10-Q’ for 10/31/19 – ‘R17’

On:  Thursday, 12/5/19, at 9:39am ET   ·   For:  10/31/19   ·   Accession #:  930413-19-2922   ·   File #:  1-09097

Previous ‘10-Q’:  ‘10-Q’ on 9/4/19 for 7/31/19   ·   Next:  ‘10-Q’ on 6/4/20 for 4/30/20   ·   Latest:  ‘10-Q’ on 12/4/23 for 10/31/23

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/05/19  Rex American Resources Corp       10-Q       10/31/19   71:3.3M                                   Command Financial

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    323K 
 2: EX-31       Certification -- §302 - SOA'02                      HTML     31K 
 3: EX-32       Certification -- §906 - SOA'02                      HTML     21K 
20: R1          Document And Entity Information                     HTML     50K 
50: R2          Consolidated Balance Sheets                         HTML    116K 
62: R3          Consolidated Statements of Operations               HTML     65K 
34: R4          Consolidated Statements of Shareholders' Equity     HTML     67K 
19: R5          Consolidated Statements of Cash Flows               HTML    116K 
49: R6          Consolidated Condensed Financial Statements         HTML     27K 
61: R7          Summary of Significant Accounting Policies          HTML     43K 
36: R8          Net Sales and Revenue                               HTML     25K 
16: R9          Leases                                              HTML     35K 
38: R10         Fair Value                                          HTML     44K 
17: R11         Property and Equipment                              HTML     27K 
52: R12         Other Assets                                        HTML     24K 
60: R13         Accrued Expenses and Other Current Liabilities      HTML     26K 
37: R14         Derivative Financial Instruments                    HTML     33K 
15: R15         Investments                                         HTML     33K 
51: R16         Employee Benefits                                   HTML     36K 
59: R17         Income Taxes                                        HTML     29K 
35: R18         Commitments and Contingencies                       HTML     25K 
18: R19         Related-Party Transactions                          HTML     25K 
41: R20         Segment Reporting                                   HTML     54K 
68: R21         Accounting Policies, by Policy (Policies)           HTML     75K 
27: R22         Summary of Significant Accounting Policies          HTML     26K 
                (Tables)                                                         
22: R23         Leases (Tables)                                     HTML     35K 
40: R24         Fair Value (Tables)                                 HTML     38K 
67: R25         Property and Equipment (Tables)                     HTML     27K 
26: R26         Other Assets (Tables)                               HTML     24K 
21: R27         Accrued Expenses and Other Current Liabilities      HTML     26K 
                (Tables)                                                         
42: R28         Derivative Financial Instruments (Tables)           HTML     28K 
66: R29         Investments (Tables)                                HTML     38K 
63: R30         Employee Benefits (Tables)                          HTML     32K 
54: R31         Income Taxes (Tables)                               HTML     26K 
12: R32         Segment Reporting (Tables)                          HTML     57K 
32: R33         Consolidated Condensed Financial Statements         HTML     32K 
                (Details)                                                        
64: R34         Summary of Significant Accounting Policies          HTML     49K 
                (Details)                                                        
55: R35         Summary of Significant Accounting Policies          HTML     32K 
                (Details) - Schedule of Components of Inventory                  
14: R36         Leases (Details)                                    HTML     28K 
33: R37         Leases (Details) - Schedule of Components of Lease  HTML     27K 
                Expense                                                          
65: R38         Leases (Details) - Schedule of Future Minimum       HTML     45K 
                Rental Payments for Operating Leases                             
53: R39         Leases (Details) - Schedule of Operating Lease      HTML     41K 
                Agreements for Rail Cars and Other Equipment                     
69: R40         Fair Value (Details)                                HTML     22K 
44: R41         Fair Value (Details) - Schedule of Fair Value,      HTML     53K 
                Assets and Liabilities Measured on Recurring Basis               
24: R42         PROPERTY AND EQUIPMENT (Details) - Schedule of      HTML     41K 
                Property and Equipment                                           
28: R43         OTHER ASSETS (Details) - Schedule of Other Assets   HTML     26K 
70: R44         ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES      HTML     42K 
                (Details) - Schedule of accrued expenses and other               
                current liabilities                                              
45: R45         Derivative Financial Instruments (Details)          HTML     43K 
25: R46         Derivative Financial Instruments (Details) -        HTML     36K 
                Schedule of Fair Values for Derivative Financial                 
                Instruments                                                      
29: R47         Investments (Details)                               HTML     32K 
71: R48         Investments (Details) - Schedule of Equity Method   HTML     26K 
                Investments                                                      
43: R49         Investments (Details) - Schedule of Financial       HTML     38K 
                information For Equity Method Investment                         
47: R50         Investments (Details) - Schedule of Held To         HTML     27K 
                Maturity Securities                                              
58: R51         Employee Benefits (Details)                         HTML     38K 
31: R52         Employee Benefits (Details) - Schedule of           HTML     41K 
                Non-Vested Restricted Stock Award Activity                       
11: R53         Income Taxes (Details)                              HTML     24K 
46: R54         Income Taxes (Details) - Schedule of Unrecognized   HTML     25K 
                Tax Benefits Roll Forward                                        
57: R55         Commitments and Contingencies (Details)             HTML     35K 
30: R56         Related-Party Transactions (Details)                HTML     39K 
10: R57         Segment Reporting (Details)                         HTML     22K 
48: R58         Segment Reporting (Details) - Schedule Of Segment   HTML     65K 
                Results And Assets                                               
56: R59         Segment Reporting (Details) - Schedule Of Segment   HTML     30K 
                Assets                                                           
39: XML         IDEA XML File -- Filing Summary                      XML    132K 
23: EXCEL       IDEA Workbook of Financial Reports                  XLSX     66K 
 4: EX-101.INS  XBRL Instance -- rex-20191031                        XML    892K 
 6: EX-101.CAL  XBRL Calculations -- rex-20191031_cal                XML    136K 
 7: EX-101.DEF  XBRL Definitions -- rex-20191031_def                 XML    539K 
 8: EX-101.LAB  XBRL Labels -- rex-20191031_lab                      XML    888K 
 9: EX-101.PRE  XBRL Presentations -- rex-20191031_pre               XML    525K 
 5: EX-101.SCH  XBRL Schema -- rex-20191031                          XSD    157K 
13: ZIP         XBRL Zipped Folder -- 0000930413-19-002922-xbrl      Zip    107K

‘R17’   —   Income Taxes

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.19.3
Income Taxes
 9 Months Ended
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

Note 12.  Income Taxes


Historically, the Company recorded its interim tax provision or benefit for income taxes including the three and nine months ended October 31, 2018, by applying an estimate of the annual effective tax rate for the full fiscal year to “ordinary” income or loss (pre-tax income or loss excluding unusual or infrequently occurring discrete items) for the reporting period. The Company determined that since small changes in estimated “ordinary” income would result in significant changes in the estimated annual effective tax rate, the historical method would not provide a reliable estimate for the three and nine months ended October 31, 2019. Thus, the Company used a discrete effective tax rate method to calculate the provision or benefit for income taxes for the three and nine months ended October 31, 2019.


The Company’s tax benefit was approximately 65.9% and approximately 266.7% for the three months ended October 31, 2019 and 2018, respectively. The Company’s tax benefit was approximately 234.7% and approximately 112.8% for the nine months ended October 31, 2019 and 2018, respectively. The fluctuation in the rate results primarily from the production tax credits the Company expects to receive associated with its refined coal segment relative to pre-tax income or loss. Through its refined coal operation, the Company earns production tax credits pursuant to IRC Section 45. The credits can be used to reduce future income tax liabilities for up to 20 years.


The Company files a U.S. federal income tax return and various state income tax returns. In general, the Company is no longer subject to U.S. federal, state or local income tax examinations by tax authorities for years ended January 31, 2014 and prior. A reconciliation of the beginning and ending amount of unrecognized tax benefits, including interest and penalties, is as follows (amounts in thousands):


   Nine Months Ended
October 31,		 
   2019   2018 
           
Unrecognized tax benefits, beginning of period  $9,232   $2,325 
Changes for prior years’ tax positions   (77)    4,666 
Changes for current year tax positions   -    - 
Unrecognized tax benefits, end of period  $9,155   $6,991 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:12/5/19
For Period end:10/31/19
10/31/1810-Q
1/31/1410-K,  ARS
 List all Filings 
↑Top
Filing Submission 0000930413-19-002922   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Fri., May 17, 8:47:07.1am ET