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REVENUE (Notes)
6 Months Ended
Jul. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer REVENUE
        Revenues are recognized when control of the promised goods or services is transferred to the customer, in an amount that reflects the consideration we expect to collect in exchange for those goods or services. Sales, value added and other taxes collected from our customers concurrent with our revenue activities are excluded from revenue.
        The following tables present our revenue disaggregated by revenue source and segment:
Three Months Ended July 31, 2020Three Months Ended July 31, 2019
AgricultureConstructionInternationalTotalAgricultureConstructionInternationalTotal
(in thousands)(in thousands)
Equipment$110,601 $48,478 $43,575 $202,654 $111,212 $51,396 $51,827 $214,435 
Parts37,470 13,016 10,968 61,454 35,054 13,066 11,082 59,202 
Service19,429 6,806 1,751 27,986 18,000 6,968 1,864 26,832 
Other829 725 119 1,673 793 820 130 1,743 
Revenue from contracts with customers
168,329 69,025 56,413 293,767 165,059 72,250 64,903 302,212 
Rental743 8,694 261 9,698 633 11,789 347 12,769 
Total revenues$169,072 $77,719 $56,674 $303,465 $165,692 $84,039 $65,250 $314,981 

Six Months Ended July 31, 2020Six Months Ended July 31, 2019
AgricultureConstructionInternationalTotalAgricultureConstructionInternationalTotal
(in thousands)(in thousands)
Equipment$250,349 $82,732 $88,078 $421,159 $219,075 $94,442 $94,873 $408,390 
Parts72,550 24,476 21,042 118,068 65,029 25,770 20,341 111,140 
Service37,150 13,017 3,419 53,586 32,984 13,489 3,189 49,662 
Other1,562 1,243 223 3,028 1,412 1,413 152 2,977 
Revenue from contracts with customers
361,611 121,468 112,762 595,841 318,500 135,114 118,555 572,169 
Rental1,089 16,365 378 17,832 964 19,668 470 21,102 
Total revenues$362,700 $137,833 $113,140 $613,673 $319,464 $154,782 $119,025 $593,271 
Unbilled Receivables and Deferred Revenue
        Unbilled receivables amounted to $17.3 million and $13.9 million as of July 31, 2020 and January 31, 2020. The increase in unbilled receivables is primarily the result of a seasonal increase in the volume of our service transactions in which we recognize revenue as our work is performed and prior to customer invoicing.
        Deferred revenue from contracts with customers amounted to $21.7 million and $39.5 million as of July 31, 2020 and January 31, 2020. Our deferred revenue most often increases in the fourth quarter of each fiscal year due to a higher level of customer down payments or prepayments and longer time periods between customer payment and delivery of the equipment asset, and the related recognition of equipment revenue, prior to its seasonal use. During the six months ended July 31, 2020 and 2019, the Company recognized $37.0 million and $41.2 million, respectively, of revenue that was included in the deferred revenue balance as of January 31, 2020 and January 31, 2019, respectively. No material amount of revenue was recognized during the three months ended July 31, 2020 and 2019 from performance obligations satisfied in previous periods.
        The Company has elected as a practical expedient to not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of service of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The contracts for which the practical expedient has been applied include (i) equipment revenue transactions, which do not have a stated contractual term, but are short-term in nature, and (ii) service revenue transactions, which also do not have a stated contractual term but are generally completed within 30 days and for such contracts we recognize revenue over time at the amount to which we have the right to invoice for services completed to date.
DEFERRED REVENUE
July 31, 2020January 31, 2020
(in thousands)
Deferred revenue from contracts with customers$21,686 $39,512 
Deferred revenue from rental and other contracts1,030 1,456 
$22,716 $40,968