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CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands
Jul. 31, 2021
Jan. 31, 2021
Current Assets    
Cash $ 65,584,000 $ 78,990,000
Receivables, net of allowance for expected credit losses 82,068,000 69,109,000
Inventories 427,109,000 418,458,000
Prepaid expenses and other 20,684,000 13,677,000
Total current assets 595,445,000 580,234,000
Noncurrent Assets    
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization 162,657,000 147,165,000
Operating Lease, Right-of-Use Asset 66,934,000 74,445,000
Deferred Income Taxes and Other Assets, Noncurrent 5,265,000 3,637,000
Goodwill 1,433,000 1,433,000
Intangible assets, net of accumulated amortization 6,558,000 7,785,000
Other 1,079,000 1,090,000
Total noncurrent assets 243,926,000 235,555,000
Total Assets 839,371,000 815,789,000
Current Liabilities    
Accounts payable 20,649,000 20,045,000
Floorplan payable 185,549,000 161,835,000
Long-term Debt, Current Maturities 5,455,000 4,591,000
Operating Lease, Liability, Current 10,755,000 11,772,000
Deferred revenue 37,977,000 59,418,000
Accrued Liabilities and Other Liabilities 47,751,000 48,791,000
Taxes Payable, Current 2,335,000 11,048,000
Total current liabilities 310,471,000 317,500,000
Long-Term Liabilities    
Long-term Debt, Excluding Current Maturities 63,624,000 44,906,000
Operating Lease, Liability 66,678,000 73,567,000
Other long-term liabilities 6,746,000 8,535,000
Total long-term liabilities 137,048,000 127,008,000
Commitments and Contingencies (Note 15)
Common stock, shares outstanding 22,596 22,553
Common stock, shares issued 22,596 22,553
Stockholders' Equity    
Common stock, par value $.00001 per share, 45,000 shares authorized; 22,596 shares issued and outstanding at July 31, 2021; 22,553 shares issued and outstanding at January 31, 2021 $ 0 $ 0
Additional paid-in-capital 253,129,000 252,913,000
Retained earnings 138,665,000 116,869,000
Accumulated other comprehensive income 58,000 1,499,000
Total Titan Machinery Inc. stockholders' equity 391,852,000 371,281,000
Total Liabilities and Stockholders' Equity $ 839,371,000 $ 815,789,000