CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
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Oct. 31, 2015 |
Oct. 31, 2014 |
Oct. 31, 2015 |
Oct. 31, 2014 |
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Revenue | ||||
Equipment | $ 215,692 | $ 343,482 | $ 681,691 | $ 1,008,614 |
Parts | 73,838 | 80,692 | 197,439 | 219,597 |
Service | 34,116 | 42,410 | 99,860 | 117,941 |
Rental and other | 21,329 | 26,557 | 53,371 | 63,442 |
Total Revenue | 344,975 | 493,141 | 1,032,361 | 1,409,594 |
Cost of Revenue | ||||
Equipment | 198,095 | 317,702 | 628,280 | 926,863 |
Parts | 51,673 | 56,402 | 138,626 | 154,146 |
Service | 12,449 | 15,037 | 36,136 | 42,969 |
Rental and other | 15,617 | 19,309 | 39,674 | 45,333 |
Total Cost of Revenue | 277,834 | 408,450 | 842,716 | 1,169,311 |
Gross Profit | 67,141 | 84,691 | 189,645 | 240,283 |
Operating Expenses | 53,484 | 69,459 | 165,979 | 208,406 |
Impairment and Realignment Costs | 22 | 0 | 1,519 | 2,952 |
Income from Operations | 13,635 | 15,232 | 22,147 | 28,925 |
Other Income (Expense) | ||||
Interest income and other income (expense) | 722 | (489) | (565) | (4,095) |
Floorplan interest expense | (4,602) | (5,444) | (13,945) | (15,345) |
Other interest expense | (4,041) | (3,586) | (11,228) | (10,586) |
Income (Loss) Before Income Taxes | 5,714 | 5,713 | (3,591) | (1,101) |
Provision for (Benefit from) Income Taxes | 2,231 | 3,400 | (354) | 4,254 |
Net Income (Loss) Including Noncontrolling Interest | 3,483 | 2,313 | (3,237) | (5,355) |
Less: Net Income (Loss) Attributable to Noncontrolling Interest | 27 | (157) | (395) | (662) |
Net Income (Loss) Attributable to Titan Machinery Inc. | 3,456 | 2,470 | (2,842) | (4,693) |
Net (Income) Loss Allocated to Participating Securities - Note 1 | (72) | (49) | 53 | 80 |
Net Income (Loss) Attributable to Titan Machinery Inc. Common Stockholders | $ 3,384 | $ 2,421 | $ (2,789) | $ (4,613) |
Earnings (Loss) per Share - Note 1 | ||||
Earnings (Loss) per Share - Basic, in dollars per share | $ 0.16 | $ 0.12 | $ (0.13) | $ (0.22) |
Earnings (Loss) per Share - Diluted, in dollars per share | $ 0.16 | $ 0.11 | $ (0.13) | $ (0.22) |
Weighted Average Common Shares - Basic | 21,129 | 20,994 | 21,093 | 20,977 |
Weighted Average Common Shares - Diluted | 21,218 | 21,102 | 21,093 | 20,977 |
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- Definition This element represents the total costs that are related to new and used equipment sold during the reporting period. No definition available.
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- Definition This element represents the total costs that are related to parts sold during the reporting period. No definition available.
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- Definition Interest expense incurred on floorplan notes payable outstanding during the period. No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Amount also includes expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation. No definition available.
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- Definition This element represents the aggregate revenue during the period from the sale of new and used equipment in the normal course of business, after deducting returns, allowances and discounts. No definition available.
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- Definition This element represents the aggregate revenue during the period, from the sale of maintenance and replacement parts in the normal course of business, after deducting returns, allowances and discounts. No definition available.
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- References No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of earnings (loss) distributed and earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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