XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2016
Oct. 31, 2015
Revenue        
Equipment $ 212,194 $ 215,692 $ 570,369 $ 681,691
Parts 69,261 73,838 185,106 197,439
Service 33,777 34,116 96,065 99,860
Rental and other 17,034 21,329 43,919 53,371
Total Revenue 332,266 344,975 895,459 1,032,361
Cost of Revenue        
Equipment 201,140 198,095 532,370 628,280
Parts 48,387 51,673 130,006 138,626
Service 11,828 12,449 35,473 36,136
Rental and other 12,485 15,617 32,703 39,674
Total Cost of Revenue 273,840 277,834 730,552 842,716
Gross Profit 58,426 67,141 164,907 189,645
Operating Expenses 53,143 53,484 159,132 165,979
Impairment and Realignment Costs 300 22 546 1,519
Income from Operations 5,008 13,635 5,229 22,147
Other Income (Expense)        
Interest income and other income (expense) 502 722    
Interest and Other Income     1,251 (565)
Floorplan interest expense (3,294) (4,602) (10,843) (13,945)
Other interest expense (2,160) (4,041) (5,930) (11,228)
Income (Loss) Before Income Taxes 56 5,714 (10,293) (3,591)
Provision for (Benefit from) Income Taxes (208) 2,231 (3,997) (354)
Net Income (Loss) Including Noncontrolling Interest 264 3,483 (6,296) (3,237)
Less: Net Income (Loss) Attributable to Noncontrolling Interest 0 27 (356) (395)
Net Income (Loss) Attributable to Titan Machinery Inc. 264 3,456 (5,940) (2,842)
Net (Income) Loss Allocated to Participating Securities - Note 1 (8) (72) 120 53
Net Income (Loss) Attributable to Titan Machinery Inc. Common Stockholders $ 256 $ 3,384 $ (5,820) $ (2,789)
Earnings (Loss) per Share - Note 1        
Earnings (Loss) per Share - Basic, in dollars per share $ 0.01 $ 0.16 $ (0.27) $ (0.13)
Earnings (Loss) per Share - Diluted, in dollars per share $ 0.01 $ 0.16 $ (0.27) $ (0.13)
Weighted Average Common Shares - Basic 21,218 21,129 21,208 21,093
Weighted Average Common Shares - Diluted 21,269 21,218 21,208 21,093