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Document and Entity Information
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3 Months Ended | |
|---|---|---|
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Apr. 30, 2015
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May 31, 2015
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| Document and Entity Information | ||
| Entity Registrant Name | Titan Machinery Inc. | |
| Entity Central Index Key | 0001409171 | |
| Document Type | 10-Q | |
| Document Period End Date | Apr. 30, 2015 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --01-31 | |
| Entity Current Reporting Status | Yes | |
| Entity Filer Category | Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 21,392,881dei_EntityCommonStockSharesOutstanding | |
| Document Fiscal Year Focus | 2016 | |
| Document Fiscal Period Focus | Q1 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified |
Apr. 30, 2015
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Jan. 31, 2015
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|---|---|---|
| Current Assets | ||
| Cash | $ 104,355us-gaap_Cash | $ 127,528us-gaap_Cash |
| Receivables (net of allowance of $4,615 and $4,218 as of April 30, 2015 and January 31, 2015, respectively) | 64,892us-gaap_ReceivablesNetCurrent | 76,382us-gaap_ReceivablesNetCurrent |
| Inventories | 880,060us-gaap_InventoryNet | 879,440us-gaap_InventoryNet |
| Prepaid expenses and other | 5,179us-gaap_PrepaidExpenseAndOtherAssetsCurrent | 10,634us-gaap_PrepaidExpenseAndOtherAssetsCurrent |
| Income taxes receivable | 3,003us-gaap_IncomeTaxesReceivable | 166us-gaap_IncomeTaxesReceivable |
| Deferred income taxes | 18,488us-gaap_DeferredTaxAssetsNetCurrent | 19,025us-gaap_DeferredTaxAssetsNetCurrent |
| Assets held for sale | 14,946us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent | 15,312us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent |
| Total current assets | 1,090,923us-gaap_AssetsCurrent | 1,128,487us-gaap_AssetsCurrent |
| Intangibles and Other Assets | ||
| Intangible assets, net of accumulated amortization | 5,360us-gaap_IntangibleAssetsNetExcludingGoodwill | 5,458us-gaap_IntangibleAssetsNetExcludingGoodwill |
| Other | 6,649us-gaap_OtherAssetsNoncurrent | 7,122us-gaap_OtherAssetsNoncurrent |
| Total intangibles and other assets | 12,009titn_AssetsNoncurrentExcludingPropertyPlantAndEquipment | 12,580titn_AssetsNoncurrentExcludingPropertyPlantAndEquipment |
| Property and Equipment, net of accumulated depreciation | 194,788us-gaap_PropertyPlantAndEquipmentNet | 208,680us-gaap_PropertyPlantAndEquipmentNet |
| Total Assets | 1,297,720us-gaap_Assets | 1,349,747us-gaap_Assets |
| Current Liabilities | ||
| Accounts payable | 17,539us-gaap_AccountsPayableCurrent | 17,659us-gaap_AccountsPayableCurrent |
| Floorplan payable | 606,673titn_FloorplanNotesPayable | 627,249titn_FloorplanNotesPayable |
| Current maturities of long-term debt | 24,677us-gaap_NotesAndLoansPayableCurrent | 7,749us-gaap_NotesAndLoansPayableCurrent |
| Customer deposits | 26,247us-gaap_CustomerAdvancesCurrent | 35,090us-gaap_CustomerAdvancesCurrent |
| Accrued expenses | 33,362us-gaap_AccruedLiabilitiesCurrent | 35,496us-gaap_AccruedLiabilitiesCurrent |
| Income taxes payable | 0us-gaap_AccruedIncomeTaxesCurrent | 3,529us-gaap_AccruedIncomeTaxesCurrent |
| Liabilities held for sale | 1,540us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent | 2,835us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent |
| Total current liabilities | 710,038us-gaap_LiabilitiesCurrent | 729,607us-gaap_LiabilitiesCurrent |
| Long-Term Liabilities | ||
| Senior convertible notes | 133,245us-gaap_ConvertibleDebtNoncurrent | 132,350us-gaap_ConvertibleDebtNoncurrent |
| Long-term debt, less current maturities | 45,660us-gaap_LongTermNotesAndLoans | 67,123us-gaap_LongTermNotesAndLoans |
| Deferred income taxes | 39,244us-gaap_DeferredTaxLiabilitiesNoncurrent | 38,996us-gaap_DeferredTaxLiabilitiesNoncurrent |
| Other long-term liabilities | 3,488us-gaap_OtherLiabilitiesNoncurrent | 3,312us-gaap_OtherLiabilitiesNoncurrent |
| Total long-term liabilities | 221,637us-gaap_LiabilitiesNoncurrent | 241,781us-gaap_LiabilitiesNoncurrent |
| Commitments and Contingencies | ||
| Stockholders' Equity | ||
| Common stock, par value $.00001 per share, 45,000 shares authorized; 21,392 shares issued and outstanding at April 30, 2015; 21,406 shares issued and outstanding at January 31, 2015 | 0us-gaap_CommonStockValue | 0us-gaap_CommonStockValue |
| Additional paid-in-capital | 240,505us-gaap_AdditionalPaidInCapitalCommonStock | 240,180us-gaap_AdditionalPaidInCapitalCommonStock |
| Retained earnings | 131,114us-gaap_RetainedEarningsAccumulatedDeficit | 137,418us-gaap_RetainedEarningsAccumulatedDeficit |
| Accumulated other comprehensive loss | (5,729)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | (1,099)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
| Total Titan Machinery Inc. stockholders' equity | 365,890us-gaap_StockholdersEquity | 376,499us-gaap_StockholdersEquity |
| Noncontrolling interest | 155us-gaap_MinorityInterest | 1,860us-gaap_MinorityInterest |
| Total stockholders' equity | 366,045us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 378,359us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
| Total Liabilities and Stockholders' Equity | $ 1,297,720us-gaap_LiabilitiesAndStockholdersEquity | $ 1,349,747us-gaap_LiabilitiesAndStockholdersEquity |
| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets, excluding property, plant, and equipment, that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. No definition available.
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- Details
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- Definition
Carrying value as of the balance sheet date of amounts borrowed to finance the purchase of new and used equipment inventories with manufacturer finance companies or other financial institutions. No definition available.
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| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term convertible debt as of the balance sheet date, net of the amount due in the next twelve months or greater than the normal operating cycle, if longer. The debt is convertible into another form of financial instrument, typically the entity's common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current portion of prepayments received from customers for goods or services to be provided in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying values as of the balance sheet date of the portions of all long-term notes and loans payable due within one year or the operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified |
Apr. 30, 2015
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Jan. 31, 2015
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|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Allowance for Doubtful Accounts Receivable, Current | $ (4,615)us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent | $ (4,218)us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent |
| Common stock, par value, in dollars per share | $ 0.00001us-gaap_CommonStockParOrStatedValuePerShare | $ 0.00001us-gaap_CommonStockParOrStatedValuePerShare |
| Common stock, shares authorized | 45,000,000us-gaap_CommonStockSharesAuthorized | 45,000,000us-gaap_CommonStockSharesAuthorized |
| Common stock, shares issued | 21,392,000us-gaap_CommonStockSharesIssued | 21,406,000us-gaap_CommonStockSharesIssued |
| Common stock, shares outstanding | 21,392,000us-gaap_CommonStockSharesOutstanding | 21,406,000us-gaap_CommonStockSharesOutstanding |
| X | ||||||||||
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Apr. 30, 2015
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Apr. 30, 2014
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|
| Revenue | ||
| Equipment | $ 244,983titn_SalesRevenueEquipment | $ 345,045titn_SalesRevenueEquipment |
| Parts | 61,520titn_SalesRevenueParts | 68,379titn_SalesRevenueParts |
| Service | 32,902us-gaap_SalesRevenueServicesNet | 37,084us-gaap_SalesRevenueServicesNet |
| Rental and other | 13,791us-gaap_OtherSalesRevenueNet | 14,955us-gaap_OtherSalesRevenueNet |
| Total Revenue | 353,196us-gaap_Revenues | 465,463us-gaap_Revenues |
| Cost of Revenue | ||
| Equipment | 227,033titn_CostOfEquipmentSold | 316,282titn_CostOfEquipmentSold |
| Parts | 43,571titn_CostOfPartsSold | 48,014titn_CostOfPartsSold |
| Service | 11,360us-gaap_CostOfServices | 14,403us-gaap_CostOfServices |
| Rental and other | 10,797us-gaap_OtherCostOfOperatingRevenue | 10,825us-gaap_OtherCostOfOperatingRevenue |
| Total Cost of Revenue | 292,761us-gaap_CostOfRevenue | 389,524us-gaap_CostOfRevenue |
| Gross Profit | 60,435us-gaap_GrossProfit | 75,939us-gaap_GrossProfit |
| Operating Expenses | 57,110us-gaap_OperatingExpenses | 71,152us-gaap_OperatingExpenses |
| Impairment and Realignment Costs | 1,601titn_ImpairmentandRealignmentCosts | 2,801titn_ImpairmentandRealignmentCosts |
| Income from Operations | 1,724us-gaap_OperatingIncomeLoss | 1,986us-gaap_OperatingIncomeLoss |
| Other Income (Expense) | ||
| Interest income and other income (expense) | (2,124)us-gaap_InterestAndOtherIncome | (2,578)us-gaap_InterestAndOtherIncome |
| Floorplan interest expense | (4,599)titn_FloorplanInterestExpense | (4,593)titn_FloorplanInterestExpense |
| Other interest expense | (3,827)us-gaap_InterestExpenseDebt | (3,441)us-gaap_InterestExpenseDebt |
| Loss Before Income Taxes | (8,826)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (8,626)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Benefit from Income Taxes | (1,936)us-gaap_IncomeTaxExpenseBenefit | (1,733)us-gaap_IncomeTaxExpenseBenefit |
| Net Loss Including Noncontrolling Interest | (6,890)us-gaap_ProfitLoss | (6,893)us-gaap_ProfitLoss |
| Less: Net Loss Attributable to Noncontrolling Interest | (586)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (344)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net Loss Attributable to Titan Machinery Inc. | (6,304)us-gaap_NetIncomeLoss | (6,549)us-gaap_NetIncomeLoss |
| Participating Securities, Distributed and Undistributed Earnings (Loss), Basic | 105us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic | 60us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic |
| Net Loss Attributable to Titan Machinery Inc. Common Stockholders | $ (6,199)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (6,489)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Earnings (Loss) per Share - Note 1 | ||
| Earnings (Loss) per Share - Basic, in dollars per share | $ (0.29)us-gaap_EarningsPerShareBasic | $ (0.31)us-gaap_EarningsPerShareBasic |
| Earnings (Loss) per Share - Diluted, in dollars per share | $ (0.29)us-gaap_EarningsPerShareDiluted | $ (0.31)us-gaap_EarningsPerShareDiluted |
| Weighted Average Common Shares - Basic | 21,044us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 20,951us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Weighted Average Common Shares - Diluted | 21,044us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 20,951us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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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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| X | ||||||||||
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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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| X | ||||||||||
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- Definition
Interest expense incurred on floorplan notes payable outstanding during the period. No definition available.
|
| X | ||||||||||
|
- 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.
|
| X | ||||||||||
|
- 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.
|
| X | ||||||||||
|
- 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.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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.
|
| X | ||||||||||
|
- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- 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.
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Apr. 30, 2015
|
Apr. 30, 2014
|
|
| Net loss including noncontrolling interest | $ (6,890)us-gaap_ProfitLoss | $ (6,893)us-gaap_ProfitLoss |
| Other Comprehensive Income (Loss) | ||
| Foreign currency translation adjustments | (6,191)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax | (1,220)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax |
| Unrealized gain (loss) on net investment hedge derivative instruments, net of tax expense (benefit) of $44 and ($498) for the three months ended April 30, 2015 and 2014, respectively | 67us-gaap_TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax | (747)us-gaap_TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax |
| Unrealized gain on interest rate swap cash flow hedge derivative instrument, net of tax expense of $72 and $2 for the three months ended April 30, 2015 and 2014, respectively | 109titn_OtherComprehensiveIncomeLossUnrealizedGainLossonInterestRateDerivativesArisingDuringPeriodNetofTax | 3titn_OtherComprehensiveIncomeLossUnrealizedGainLossonInterestRateDerivativesArisingDuringPeriodNetofTax |
| Unrealized gain on foreign currency contract cash flow hedge derivative instruments, net of tax expense of $21 for the three months ended April 30, 2014 | 0titn_OtherComprehensiveIncomeLossUnrealizedGainLossonForeignCurrencyDerivativesArisingDuringPeriodNetofTax | 32titn_OtherComprehensiveIncomeLossUnrealizedGainLossonForeignCurrencyDerivativesArisingDuringPeriodNetofTax |
| Other comprehensive income (loss) | (5,749)us-gaap_OtherComprehensiveIncomeLossNetOfTax | (1,923)us-gaap_OtherComprehensiveIncomeLossNetOfTax |
| COMPREHENSIVE INCOME (LOSS) | (12,639)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | (8,816)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST | (1,705)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest | (650)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TITAN MACHINERY INC. | (10,934)us-gaap_ComprehensiveIncomeNetOfTax | (8,166)us-gaap_ComprehensiveIncomeNetOfTax |
| Interest Rate Swap | ||
| Other Comprehensive Income (Loss) | ||
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | 258us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax / us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis = us-gaap_InterestRateSwapMember |
0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax / us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis = us-gaap_InterestRateSwapMember |
| Foreign Exchange Contract | ||
| Other Comprehensive Income (Loss) | ||
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $ 8us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax / us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis = us-gaap_ForeignExchangeContractMember |
$ 9us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax / us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis = us-gaap_ForeignExchangeContractMember |
| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in accumulated gain (loss) from foreign currency derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). No definition available.
|
| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in accumulated gain (loss) from interest rate derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). No definition available.
|
| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
Current period adjustment in other comprehensive income reflecting gains or losses on foreign currency transactions that are designated as, and are effective as, hedges of a net investment in a foreign entity, net of tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Apr. 30, 2015
|
Apr. 30, 2014
|
|
| Tax expense (benefit) on unrealized gain (loss) on net investment hedge derivative instruments | $ 44us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax | $ (498)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax |
| Interest Rate Swap | ||
| Tax expense (benefit) on reclassification of gain (loss) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments | (172)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax / us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis = us-gaap_InterestRateSwapMember |
0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax / us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis = us-gaap_InterestRateSwapMember |
| Foreign Exchange Contract | ||
| Tax expense (benefit) on reclassification of gain (loss) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments | 5us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax / us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis = us-gaap_ForeignExchangeContractMember |
5us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax / us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis = us-gaap_ForeignExchangeContractMember |
| Designated as Hedging Instrument | Interest Rate Contract | ||
| Tax expense (benefit) on unrealized gain (loss) on cash flow hedge derivative instruments | 72us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateContractMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
2us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateContractMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| Designated as Hedging Instrument | Cash Flow Hedges | ||
| Tax expense (benefit) on unrealized gain (loss) on cash flow hedge derivative instruments | $ 0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
$ 21us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Thousands, unless otherwise specified |
Total
USD ($)
|
Common Stock
|
Additional Paid-In Capital
USD ($)
|
Retained Earnings
USD ($)
|
Foreign Currency Translation Adjustments
USD ($)
|
Unrealized Gains (Losses) on Net Investment Hedges
USD ($)
|
Unrealized Gains (Losses) on Interest Rate Swap Cash Flow Hedges
USD ($)
|
Unrealized Gains (Losses) on Foreign Currency Contract Cash Flow Hedges
USD ($)
|
Accumulated Other Comprehensive Income (Loss)
USD ($)
|
Total Titan Machinery Inc. Stockholders' Equity
USD ($)
|
Noncontrolling Interest
USD ($)
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at Jan. 31, 2014 | $ 411,342us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | $ 238,857us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
$ 169,575us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember |
$ 1,541us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedTranslationAdjustmentMember |
$ (339)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember |
$ (737)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_InterestRateContractMember |
$ (126)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember |
$ 339us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedOtherComprehensiveIncomeMember |
$ 408,771us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
$ 2,571us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|
| Balance (in shares) at Jan. 31, 2014 | 21,261us-gaap_SharesOutstanding / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember |
||||||||||
| Increase (Decrease) in Stockholders' Equity | |||||||||||
| Common stock issued on grant of restricted stock (net of forfeitures), exercise of stock options, and tax benefits of equity awards | (23)titn_StockIssuedDuringPeriodValueOfRestrictedStockAwardStockOptionsExercisedWarrantsExercisedAndTaxBenefitsOfEquityAwards | (23)titn_StockIssuedDuringPeriodValueOfRestrictedStockAwardStockOptionsExercisedWarrantsExercisedAndTaxBenefitsOfEquityAwards / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
(23)titn_StockIssuedDuringPeriodValueOfRestrictedStockAwardStockOptionsExercisedWarrantsExercisedAndTaxBenefitsOfEquityAwards / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
||||||||
| Common stock issued on grant of restricted stock, exercise of stock options, and tax benefits of equity awards (in shares) | (8)titn_StockIssuedDuringPeriodShareOfRestrictedStockAwardStockOptionsExercisedAndWarrantsAndTaxBenefitsOfEquityAwards / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember |
||||||||||
| Stock-based compensation expense | 463us-gaap_StockholdersEquityOther | 463us-gaap_StockholdersEquityOther / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
463us-gaap_StockholdersEquityOther / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
0us-gaap_StockholdersEquityOther / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|||||||
| Other (in shares) | 0us-gaap_StockholdersEquityOtherShares / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember |
||||||||||
| Other | (1)us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue | (502)us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
(502)us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
501us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|||||||
| Comprehensive income (loss): | |||||||||||
| Net loss | (6,893)us-gaap_ProfitLoss | (6,549)us-gaap_ProfitLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember |
(6,549)us-gaap_ProfitLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(344)us-gaap_ProfitLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|||||||
| Other comprehensive income (loss) | (1,923)us-gaap_OtherComprehensiveIncomeLossNetOfTax | (914)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedTranslationAdjustmentMember |
(747)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember |
3us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_InterestRateContractMember |
41us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember |
(1,617)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedOtherComprehensiveIncomeMember |
(1,617)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(306)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|||
| COMPREHENSIVE INCOME (LOSS) | (8,816)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | (8,166)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(650)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
||||||||
| Balance at Apr. 30, 2014 | 402,965us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 238,795us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
163,026us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember |
627us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedTranslationAdjustmentMember |
(1,086)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember |
(734)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_InterestRateContractMember |
(85)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember |
(1,278)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedOtherComprehensiveIncomeMember |
400,543us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
2,422us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|
| Balance (in shares) at Apr. 30, 2014 | 21,253us-gaap_SharesOutstanding / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember |
||||||||||
| Balance at Jan. 31, 2015 | 378,359us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 240,180us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
137,418us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember |
(1,632)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedTranslationAdjustmentMember |
2,510us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember |
(1,940)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_InterestRateContractMember |
(37)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember |
(1,099)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedOtherComprehensiveIncomeMember |
376,499us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
1,860us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|
| Balance (in shares) at Jan. 31, 2015 | 21,406us-gaap_SharesOutstanding / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember |
||||||||||
| Increase (Decrease) in Stockholders' Equity | |||||||||||
| Common stock issued on grant of restricted stock (net of forfeitures), exercise of stock options, and tax benefits of equity awards | (206)titn_StockIssuedDuringPeriodValueOfRestrictedStockAwardStockOptionsExercisedWarrantsExercisedAndTaxBenefitsOfEquityAwards | (206)titn_StockIssuedDuringPeriodValueOfRestrictedStockAwardStockOptionsExercisedWarrantsExercisedAndTaxBenefitsOfEquityAwards / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
(206)titn_StockIssuedDuringPeriodValueOfRestrictedStockAwardStockOptionsExercisedWarrantsExercisedAndTaxBenefitsOfEquityAwards / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
||||||||
| Common stock issued on grant of restricted stock, exercise of stock options, and tax benefits of equity awards (in shares) | (14)titn_StockIssuedDuringPeriodShareOfRestrictedStockAwardStockOptionsExercisedAndWarrantsAndTaxBenefitsOfEquityAwards / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember |
||||||||||
| Stock-based compensation expense | 531us-gaap_StockholdersEquityOther | 531us-gaap_StockholdersEquityOther / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
531us-gaap_StockholdersEquityOther / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
||||||||
| Comprehensive income (loss): | |||||||||||
| Net loss | (6,890)us-gaap_ProfitLoss | (6,304)us-gaap_ProfitLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember |
(6,304)us-gaap_ProfitLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(586)us-gaap_ProfitLoss / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|||||||
| Other comprehensive income (loss) | (5,749)us-gaap_OtherComprehensiveIncomeLossNetOfTax | (5,072)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedTranslationAdjustmentMember |
67us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember |
367us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_InterestRateContractMember |
8us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember |
(4,630)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedOtherComprehensiveIncomeMember |
(4,630)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(1,119)us-gaap_OtherComprehensiveIncomeLossNetOfTax / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|||
| COMPREHENSIVE INCOME (LOSS) | (12,639)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | (10,934)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
(1,705)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
||||||||
| Balance at Apr. 30, 2015 | $ 366,045us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | $ 240,505us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AdditionalPaidInCapitalMember |
$ 131,114us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_RetainedEarningsMember |
$ (6,704)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedTranslationAdjustmentMember |
$ 2,577us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember |
$ (1,573)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_InterestRateContractMember |
$ (29)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember |
$ (5,729)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_AccumulatedOtherComprehensiveIncomeMember |
$ 365,890us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_ParentMember |
$ 155us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest / us-gaap_StatementEquityComponentsAxis = us-gaap_NoncontrollingInterestMember |
|
| Balance (in shares) at Apr. 30, 2015 | 21,392us-gaap_SharesOutstanding / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember |
| X | ||||||||||
|
- Definition
Represents the number of stock issued during the period as a result of restricted stock awards issued, exercise of stock options, warrants and tax benefits of equity awards. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the value of stock issued during the period as a result of restricted stock awards issued, exercise of stock options, warrants and tax benefits of equity awards. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents movements in the number of shares included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
|
|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Apr. 30, 2015
|
Apr. 30, 2014
|
|
| Operating Activities | ||
| Net loss including noncontrolling interest | $ (6,890)us-gaap_ProfitLoss | $ (6,893)us-gaap_ProfitLoss |
| Adjustments to reconcile net loss including noncontrolling interest to net cash provided by (used for) operating activities | ||
| Depreciation and amortization | 6,667us-gaap_DepreciationDepletionAndAmortization | 6,729us-gaap_DepreciationDepletionAndAmortization |
| Asset Impairment Charges | 152us-gaap_AssetImpairmentCharges | 0us-gaap_AssetImpairmentCharges |
| Deferred income taxes | 497us-gaap_DeferredIncomeTaxExpenseBenefit | 232us-gaap_DeferredIncomeTaxExpenseBenefit |
| Stock-based compensation expense | 531us-gaap_ShareBasedCompensation | 463us-gaap_ShareBasedCompensation |
| Noncash interest expense | 1,765us-gaap_PaidInKindInterest | 1,151us-gaap_PaidInKindInterest |
| Unrealized foreign currency (gain) loss on loans to international subsidiaries | 100us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | (1,282)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax |
| Other, net | 126us-gaap_OtherNoncashIncomeExpense | 646us-gaap_OtherNoncashIncomeExpense |
| Changes in assets and liabilities | ||
| Receivables, prepaid expenses and other assets | 13,525titn_IncreaseDecreaseInReceivablePrepaidExpenseAndOtherAssets | 23,925titn_IncreaseDecreaseInReceivablePrepaidExpenseAndOtherAssets |
| Inventories | 522us-gaap_IncreaseDecreaseInInventories | (41,963)us-gaap_IncreaseDecreaseInInventories |
| Manufacturer floorplan payable | 12,980titn_IncreaseDecreaseInFloorplanNotesPayable | (17,308)titn_IncreaseDecreaseInFloorplanNotesPayable |
| Accounts payable, customer deposits, accrued expenses and other long-term liabilities | (9,092)titn_IncreaseDecreaseInAccountsPayableCustomerDepositsAccruedLiabilitiesAndOtherOperatingLiabilities | (14,639)titn_IncreaseDecreaseInAccountsPayableCustomerDepositsAccruedLiabilitiesAndOtherOperatingLiabilities |
| Income taxes | (6,577)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | (5,663)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
| Net Cash Provided by (Used for) Operating Activities | 14,306us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (54,602)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Investing Activities | ||
| Rental fleet purchases | (112)us-gaap_PaymentsToAcquireMachineryAndEquipment | (629)us-gaap_PaymentsToAcquireMachineryAndEquipment |
| Property and equipment purchases (excluding rental fleet) | (2,170)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (5,078)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from sale of property and equipment | 634us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 471us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Proceeds upon settlement of net investment hedge derivative instruments | 180us-gaap_ProceedsFromHedgeInvestingActivities | 0us-gaap_ProceedsFromHedgeInvestingActivities |
| Payments upon settlement of net investment hedge derivative instruments | 0us-gaap_PaymentsForHedgeInvestingActivities | (915)us-gaap_PaymentsForHedgeInvestingActivities |
| Other, net | 18us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 28us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net Cash Used for Investing Activities | (1,450)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (6,123)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Financing Activities | ||
| Net change in non-manufacturer floorplan payable | (30,001)titn_ChangeInNonManufacturerFloorplanNotesPayable | 65,305titn_ChangeInNonManufacturerFloorplanNotesPayable |
| Proceeds from long-term debt borrowings | 811us-gaap_ProceedsFromIssuanceOfLongTermDebt | 5,832us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Principal payments on long-term debt | (5,687)us-gaap_RepaymentsOfLongTermDebt | (2,505)us-gaap_RepaymentsOfLongTermDebt |
| Other, net | (443)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (207)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net Cash Provided by (Used for) Financing Activities | (35,320)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 68,425us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of Exchange Rate Changes on Cash | (709)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 69us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| Net Change in Cash | (23,173)us-gaap_NetCashProvidedByUsedInContinuingOperations | 7,769us-gaap_NetCashProvidedByUsedInContinuingOperations |
| Cash at Beginning of Period | 127,528us-gaap_CashAndCashEquivalentsAtCarryingValue | 74,242us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash at End of Period | 104,355us-gaap_CashAndCashEquivalentsAtCarryingValue | 82,011us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash paid during the period | ||
| Income taxes, net of refunds | 4,093us-gaap_IncomeTaxesPaidNet | 3,973us-gaap_IncomeTaxesPaidNet |
| Interest | 7,684us-gaap_InterestPaidNet | 5,475us-gaap_InterestPaidNet |
| Supplemental Disclosures of Noncash Investing and Financing Activities | ||
| Net property and equipment financed with long-term debt, accounts payable and accrued liabilities | 77us-gaap_CapitalExpendituresIncurredButNotYetPaid | 1,100us-gaap_CapitalExpendituresIncurredButNotYetPaid |
| Net transfer of assets to (from) property and equipment from (to) inventories | $ (7,029)titn_NetTransferOfEquipmentToFromFixedAssetsFromToInventories | $ 1,962titn_NetTransferOfEquipmentToFromFixedAssetsFromToInventories |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period of amounts borrowed from financial institutions other than manufacturer finance companies to finance the purchase of equipment inventories. No definition available.
|
| X | ||||||||||
|
- Definition
The net increase (decrease) during the reporting period in accounts payable, customer deposits, accrued expenses and other current operating liabilities and other noncurrent operating liabilities not separately disclosed in the statement of cash flows. No definition available.
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period of amounts borrowed from manufacturer finance companies to finance the purchase of equipment inventories. No definition available.
|
| X | ||||||||||
|
- Definition
The net increase (decrease) during the reporting period in receivables, prepaid expenses and other current operating assets and other noncurrent operating assets not separately disclosed in the statement of cash flows. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the net transfer of equipment to (from) fixed assets from (to) inventories during the reporting period. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for a financial contract that meets the hedge criteria as either a cash flow hedge, fair value hedge, or hedge of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for acquisition of machinery and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow for a financial contract that meets the hedge criteria as either a cash flow hedge, fair value hedge, or hedge of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Apr. 30, 2015
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES | BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s Agriculture, Construction and International customers. Therefore, operating results for the three-month period ended April 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2016. The information contained in the balance sheet as of January 31, 2015 was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended January 31, 2015 as filed with the SEC. The amounts included in the accompanying unaudited Consolidated Statements of Operations for the three-month period ended April 30, 2014 have been updated to reflect a correction in the Company's VAT asset classification as of April 30, 2014. This correction has been previously disclosed in the Company's Form 10-Q for the period ended July 31, 2014 and the Company's Form 10-K for the year ended January 31, 2015 and resulted from the Company's conclusion, reached subsequent to the issuance of the Company’s interim consolidated financial statements as of and for the period ended April 30, 2014, that the treatment of its prepaid value added tax (“VAT”) asset in Ukraine as a non-monetary asset was incorrect and that the asset should be classified and accounted for as a monetary asset and therefore should be remeasured from Ukrainian hryvnia (“UAH”) to U.S. Dollars (“USD”) using the current rate as opposed to the historical rate used for non-monetary assets. In February of 2014, the National Bank of Ukraine terminated the currency peg of the UAH to the USD; subsequent to the decoupling and as a result of the economic and political conditions present in the country, the UAH experienced significant devaluation. The incorrect classification of the VAT asset as a non-monetary asset coupled with the significant devaluation of the UAH resulted in an overstatement of the Company’s assets (Prepaid expenses and other) as of April 30, 2014 and an understatement of the Company’s loss (Interest income and other income (expense)) for the three months ended April 30, 2014. This correction increased the Company’s Net Loss Attributable to Titan Machinery Inc. by $2.3 million (from the previously reported $4.2 million to $6.5 million) and increased the diluted loss per share by $0.11 (from the previously reported $0.20 loss per share to a $0.31 loss per share). Nature of Business The Company is engaged in the retail sale, service and rental of agricultural and construction machinery through its stores in the United States and Europe. The Company’s North American stores are located in Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Romania, Serbia and Ukraine. Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, initial valuation and impairment analyses of intangible assets, collectability of receivables, and income taxes. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation. Earnings (Loss) Per Share (“EPS”) The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year. Diluted EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. There were approximately 211,000 and 375,000 stock options outstanding that were excluded from the computation of diluted EPS for the three months ended April 30, 2015 and 2014, respectively, because they were anti-dilutive. None of the approximately 3,474,000 shares underlying the Company’s senior convertible notes were included in the computation of diluted EPS because the Company’s average stock price was less than the conversion price of $43.17. The following table sets forth the calculation of the denominator for basic and diluted EPS:
Recent Accounting Guidance In May 2014, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, Revenue from Contracts with Customers. This guidance supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. When adopted, the Company will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements. In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, Going Concern. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management’s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements. In April 2015, the FASB amended authoritative guidance on debt issuance costs, codified in ASC 835-30, Imputation of Interest. The amended guidance changes the balance sheet presentation of debt issuance costs to be a direct deduction from the related debt liability rather than an asset. This guidance is effective for the Company on February 1, 2016, with early adoption permitted. Its adoption is not expected to have a material effect on the Company's consolidated financial statements. |
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The entire disclosure for the general note to the financial statements for the reporting entity which may include, descriptions of the basis of presentation, business description, significant accounting policies, consolidations, reclassifications, new pronouncements not yet adopted and changes in accounting principles. No definition available.
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INVENTORIES
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Apr. 30, 2015
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| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORIES | INVENTORIES
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The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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PROPERTY AND EQUIPMENT
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Apr. 30, 2015
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| PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT
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The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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LINES OF CREDIT / FLOORPLAN PAYABLE
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Apr. 30, 2015
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| Line of Credit Facility [Abstract] | |
| LINES OF CREDIT / FLOORPLAN PAYABLE | LINES OF CREDIT / FLOORPLAN PAYABLE Floorplan Lines of Credit Floorplan payable balances reflect the amount owed for new equipment inventory purchased from a manufacturer and for used equipment inventory, which is primarily purchased through trade-in on equipment sales. Certain of the manufacturers from which the Company purchases new equipment inventory offer financing on these purchases, either offered directly from the manufacturer or through the manufacturers’ captive finance subsidiaries. CNH Industrial America LLC's captive finance subsidiary, CNH Industrial Capital America LLC ("CNH Industrial Capital"), also provides financing of used equipment inventory. The Company also has floorplan payable balances with non-manufacturer lenders for new and used equipment inventory. Changes in manufacturer floorplan payable are reported as operating cash flows and changes in non-manufacturer floorplan payable are reported as financing cash flows in the Company's consolidated statements of cash flows. The Company has three significant floorplan lines of credit, credit facilities related to its foreign subsidiaries, and other floorplan payable balances with non-manufacturer lenders and manufacturers other than CNH Industrial. As of April 30, 2015, the Company had discretionary floorplan lines of credit for equipment inventory purchases totaling approximately $1.1 billion, which includes a $275.0 million Floorplan Payable Line with a group of banks led by Wells Fargo Bank, National Association ("Wells Fargo"), a $450.0 million credit facility with CNH Industrial Capital, a $200.0 million credit facility with Agricredit Acceptance LLC and the U.S. dollar equivalent of $128.4 million in credit facilities related to our foreign subsidiaries. Floorplan payables relating to these credit facilities totaled approximately $573.0 million of the total floorplan payable balance of $606.7 million outstanding as of April 30, 2015 and $594.1 million of the total floorplan payable balance of $627.2 million outstanding as of January 31, 2015; the remaining outstanding balances relate to equipment inventory financing from manufacturers and non-manufacturer lenders other than the aforementioned lines of credit. As of April 30, 2015, the U.S. floorplan payables carried various interest rates primarily ranging from 3.31% to 5.02%, and the foreign floorplan payables carried various interest rates primarily ranging from 1.81% to 12.00%. Working Capital Line of Credit As of April 30, 2015, the Company had a $87.5 million working capital line of credit under the credit facility with Wells Fargo. The Company had $18.7 million outstanding on its working capital line of credit as of April 30, 2015 and January 31, 2015. Amounts outstanding are recorded as long-term debt, within long-term liabilities on the consolidated balance sheets, as the Company does not have an obligation to repay amounts borrowed within one year. |
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The entire disclosure for information about lines of credit and floorplan notes payable arrangements, which includes amounts of borrowings under each significant line of credit and floorplan notes payable arrangement, and about the underlying arrangements, rationale for a classification as current or long-term liabilities, repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with covenants, and other matters important to users of the financial statements. No definition available.
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SENIOR CONVERTIBLE NOTES (Senior Convertible Notes)
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Apr. 30, 2015
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Senior Convertible Notes
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| SENIOR CONVERTIBLE NOTES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SENIOR CONVERTIBLE NOTES | SENIOR CONVERTIBLE NOTES The Company’s 3.75% Senior Convertible Notes issued on April 24, 2012 (“Convertible Notes”) consisted of the following:
The Company recognized interest expense associated with its Senior Convertible Notes as follows:
As of April 30, 2015, the unamortized debt discount will be amortized over a remaining period of approximately 4 years. As of April 30, 2015 and January 31, 2015, the if-converted value of the Senior Convertible Notes did not exceed the principal balance. The effective interest rate of the liability component was equal to 7.0% for each of the statements of operations periods presented. |
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The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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DERIVATIVE INSTRUMENTS
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Apr. 30, 2015
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DERIVATIVE INSTRUMENTS | DERIVATIVE INSTRUMENTS The Company holds derivative instruments for the purpose of minimizing exposure to fluctuations in foreign currency exchange rates to which the Company is exposed in the normal course of its operations. Net Investment Hedges To protect the value of the Company’s investments in its foreign operations against adverse changes in foreign currency exchange rates, the Company may, from time to time, hedge a portion of its net investment in one or more of its foreign subsidiaries. Gains and losses on derivative instruments that are designated and effective as a net investment hedge are included in other comprehensive income and only reclassified into earnings in the period during which the hedged net investment is sold or liquidated. Any hedge ineffectiveness is recognized in earnings immediately. Cash Flow Hedges On October 9, 2013, the Company entered into a forward-starting interest rate swap instrument which has a notional amount of $100.0 million dollars, an effective date of September 30, 2014 and a maturity date of September 30, 2018. The objective of the instrument is to, beginning on September 30, 2014, protect the Company from changes in benchmark interest rates to which the Company is exposed through certain of its variable interest rate credit facilities. The instrument provides for a fixed interest rate of 1.901% up to the maturity date. The Company may, from time to time, hedge foreign currency exchange rate risk arising from inventory purchases denominated in Canadian dollars through the use of foreign currency forward contracts. The maximum length of time over which the Company hedges its exposure to the variability in future cash flows associated with the Canadian dollar purchasing is less than 12 months. The interest rate swap instrument and foreign currency contracts have been designated as cash flow hedging instruments and accordingly changes in the effective portion of the fair value of the instruments are recorded in other comprehensive income and only reclassified into earnings in the period(s) in which the related hedged item affects earnings or the anticipated underlying hedged transactions are no longer probable of occurring. Any hedge ineffectiveness is recognized in earnings immediately. Derivative Instruments Not Designated as Hedging Instruments The Company uses foreign currency forward contracts to hedge the effects of fluctuations in exchange rates on outstanding intercompany loans. The Company does not formally designate and document such derivative instruments as hedging instruments; however, the instruments are an effective economic hedge of the underlying foreign currency exposure. Both the gain or loss on the derivative instrument and the offsetting gain or loss on the underlying intercompany loan are recognized in earnings immediately, thereby eliminating or reducing the impact of foreign currency exchange rate fluctuations on net income. The following table sets forth the notional value of the Company's outstanding derivative instruments.
The following table sets forth the fair value of the Company’s outstanding derivative instruments.
The following table sets forth the gains and losses recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company’s derivative instruments for the three months ended April 30, 2015 and 2014, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.
No components of the Company's net investment or cash flow hedging instruments were excluded from the assessment of hedge ineffectiveness. As of April 30, 2015, the Company had $2.6 million in pre-tax net unrealized losses associated with its interest rate swap cash flow hedging instrument recorded in accumulated other comprehensive income. The Company expects that $1.6 million of pre-tax unrealized losses associated with its interest rate swap will be reclassified into income over the next 12 months. |
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The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE OF FINANCIAL INSTRUMENTS
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Apr. 30, 2015
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FAIR VALUE OF FINANCIAL INSTRUMENTS | FAIR VALUE OF FINANCIAL INSTRUMENTS The liabilities which are measured at fair value on a recurring basis as of April 30, 2015 and January 31, 2015 are as follows:
The valuation for the Company's foreign currency contracts and interest rate swap derivative instruments were valued using discounted cash flow analyses, an income approach, utilizing readily observable market data as inputs. The Company also has financial instruments that are not recorded at fair value in its consolidated financial statements. The carrying amount of cash, receivables, payables, short-term debt and other current liabilities approximates fair value because of the short maturity and/or frequent repricing of those instruments, which are Level 2 fair value inputs. Based upon current borrowing rates with similar maturities, which are Level 2 fair value inputs, the carrying value of long-term debt approximates the fair value as of April 30, 2015 and January 31, 2015, respectively. The following table provides details on the Senior Convertible Notes as of April 30, 2015 and January 31, 2015. The difference between the face value and the carrying value of these notes is the result of the allocation between the debt and equity components. Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SEGMENT INFORMATION AND OPERATING RESULTS
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Apr. 30, 2015
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEGMENT INFORMATION AND OPERATING RESULTS | SEGMENT INFORMATION AND OPERATING RESULTS The Company has three reportable segments: Agriculture, Construction and International. During the three months ended April 30, 2015, the Company made changes to its internal financial reporting, primarily related to the elimination of transactions within a segment. Previously, the segment results were reported at gross amounts with eliminations reported separately to reconcile to consolidated financial results. During the three months ended April 30, 2015, the Company began reporting these eliminations within the segments to which they relate. The financial information as of January 31, 2015 and for the three months ended April 30, 2014 have been reclassified for comparability with the current year presentation. Revenue between segments is immaterial. The Company retains various unallocated income/(expense) items and assets at the general corporate level, which the Company refers to as “Shared Resources” in the table below. Shared Resources assets primarily consist of cash, deferred tax assets and property and equipment. Certain financial information for each of the Company’s business segments is set forth below.
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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STORE CLOSINGS AND REALIGNMENT COST
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Apr. 30, 2015
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STORE CLOSINGS AND REALIGNMENT COSTS | STORE CLOSINGS AND REALIGNMENT COSTS To better align the Company's cost structure and re-balance staffing levels with the evolving needs of the business, in March 2015, the Company approved a realignment plan that reduced its headcount by approximately 14%, which included headcount reductions at stores in each of its operating segments and its Shared Resource Center, as well as from the closing of three Agriculture stores and one Construction store. The Company's remaining stores in each of the respective areas assumed the distribution rights for the CNH Industrial brand previously held by the closed stores. The Company estimates the total cost of these activities to be approximately $2.0 million, comprised of an accrual for the net present value of remaining lease obligations, employee severance costs, impairment of certain fixed assets and costs associated with relocation of assets from the closed stores. The Company recognized approximately $0.1 million in exists costs primarily in its International segment in its fourth quarter ended January 31, 2015, and recognized $1.6 million in the three months ended April 30, 2015. To better align its Construction business in certain markets, in April 2014, the Company reduced its Construction-related headcount by approximately 12% primarily through the closing of seven underperforming Construction stores, staff reductions at other dealerships and reductions in support staff at its Shared Resource Center. The Company also closed one Agriculture store. The Company's remaining stores in each of the respective areas assumed the majority of the distribution rights for the CNH Industrial brand previously held by the closed stores. The majority of the assets of the closed stores were redeployed to other store locations. Certain inventory items which are not sold by any of our remaining stores were sold at auction. The inventory markdown attributable to such items are included in the exit cost summary below. The Company incurred $3.2 million in exit costs in the three months ended April 30, 2014 and $3.8 million in exit costs during the year ended January 31, 2015. No additional amounts are expected to be incurred related to the closing of these stores, exclusive of any changes in lease termination accrual assumptions. The following summarizes the exit costs associated with the aforementioned store closings and realignment activities:
In connection with its realignment plan initiated in the first quarter of fiscal 2016, the Company accrued for lease termination and employee severance costs during the quarter ended April 30, 2015, but exit costs related to impairment, asset relocation and other closing costs and inventory cost adjustments were not accrued but recognized as incurred. A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:
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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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HELD FOR SALE
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
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| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| HELD FOR SALE | HELD FOR SALE The assets and liabilities which are held for sale are presented in the following table:
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The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES INCOME TAXES
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Apr. 30, 2015
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| Income Tax Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure | INCOME TAXES The Company incurs a provision for income taxes in jurisdictions in which it has taxable income. Generally the Company receives a benefit for income taxes in jurisdictions in which it has taxable losses unless it has recorded a valuation allowance for that jurisdiction. These losses are available to reduce future taxable income in these jurisdictions if earned within the allowable net operating loss carryforward period. The foreign jurisdictions in which the Company operates have net operating loss carryforward periods ranging from five to seven years, with certain jurisdictions having indefinite carryforward periods. The components of loss before income taxes are as follows:
A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
(a) Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrianian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss). |
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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
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Apr. 30, 2015
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| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Basis of Presentation | Basis of Presentation The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s Agriculture, Construction and International customers. Therefore, operating results for the three-month period ended April 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2016. The information contained in the balance sheet as of January 31, 2015 was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended January 31, 2015 as filed with the SEC. |
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| Accounting Changes and Error Corrections | The amounts included in the accompanying unaudited Consolidated Statements of Operations for the three-month period ended April 30, 2014 have been updated to reflect a correction in the Company's VAT asset classification as of April 30, 2014. This correction has been previously disclosed in the Company's Form 10-Q for the period ended July 31, 2014 and the Company's Form 10-K for the year ended January 31, 2015 and resulted from the Company's conclusion, reached subsequent to the issuance of the Company’s interim consolidated financial statements as of and for the period ended April 30, 2014, that the treatment of its prepaid value added tax (“VAT”) asset in Ukraine as a non-monetary asset was incorrect and that the asset should be classified and accounted for as a monetary asset and therefore should be remeasured from Ukrainian hryvnia (“UAH”) to U.S. Dollars (“USD”) using the current rate as opposed to the historical rate used for non-monetary assets. In February of 2014, the National Bank of Ukraine terminated the currency peg of the UAH to the USD; subsequent to the decoupling and as a result of the economic and political conditions present in the country, the UAH experienced significant devaluation. The incorrect classification of the VAT asset as a non-monetary asset coupled with the significant devaluation of the UAH resulted in an overstatement of the Company’s assets (Prepaid expenses and other) as of April 30, 2014 and an understatement of the Company’s loss (Interest income and other income (expense)) for the three months ended April 30, 2014. This correction increased the Company’s Net Loss Attributable to Titan Machinery Inc. by $2.3 million (from the previously reported $4.2 million to $6.5 million) and increased the diluted loss per share by $0.11 (from the previously reported $0.20 loss per share to a $0.31 loss per share). |
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| Nature of Business | Nature of Business The Company is engaged in the retail sale, service and rental of agricultural and construction machinery through its stores in the United States and Europe. The Company’s North American stores are located in Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Romania, Serbia and Ukraine. |
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| Estimates | Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, initial valuation and impairment analyses of intangible assets, collectability of receivables, and income taxes. |
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| Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation. |
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| Earnings (Loss) Per Share (EPS) | Earnings (Loss) Per Share (“EPS”) The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year. Diluted EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. There were approximately 211,000 and 375,000 stock options outstanding that were excluded from the computation of diluted EPS for the three months ended April 30, 2015 and 2014, respectively, because they were anti-dilutive. None of the approximately 3,474,000 shares underlying the Company’s senior convertible notes were included in the computation of diluted EPS because the Company’s average stock price was less than the conversion price of $43.17. The following table sets forth the calculation of the denominator for basic and diluted EPS:
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| New Accounting Pronouncements | Recent Accounting Guidance In May 2014, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, Revenue from Contracts with Customers. This guidance supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. When adopted, the Company will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements. In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, Going Concern. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management’s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements. In April 2015, the FASB amended authoritative guidance on debt issuance costs, codified in ASC 835-30, Imputation of Interest. The amended guidance changes the balance sheet presentation of debt issuance costs to be a direct deduction from the related debt liability rather than an asset. This guidance is effective for the Company on February 1, 2016, with early adoption permitted. Its adoption is not expected to have a material effect on the Company's consolidated financial statements. |
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- Definition
Disclosure of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. No definition available.
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| X | ||||||||||
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- Definition
The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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| X | ||||||||||
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- Definition
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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| X | ||||||||||
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- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Apr. 30, 2015
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| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of calculation of basic and diluted EPS | The following table sets forth the calculation of the denominator for basic and diluted EPS:
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
INVENTORIES (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
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| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of inventories |
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| X | ||||||||||
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- Details
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| X | ||||||||||
|
- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
PROPERTY AND EQUIPMENT (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
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| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of property and equipment |
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
SENIOR CONVERTIBLE NOTES (Tables) (Senior Convertible Notes)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
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Senior Convertible Notes
|
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| SENIOR CONVERTIBLE NOTES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of 3.75% Senior Convertible Notes | The Company’s 3.75% Senior Convertible Notes issued on April 24, 2012 (“Convertible Notes”) consisted of the following:
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| Senior Convertible Notes Interest Expense | The Company recognized interest expense associated with its Senior Convertible Notes as follows:
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| X | ||||||||||
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- Definition
Schedule of Senior Convertible Notes Interest Expense [Table Text Block] No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
DERIVATIVE INSTRUMENTS (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of notional amounts of outstanding derivative positions | The following table sets forth the notional value of the Company's outstanding derivative instruments.
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| Schedule of fair value of outstanding derivative instruments | The following table sets forth the fair value of the Company’s outstanding derivative instruments.
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| Schedule of gains and losses recognized on derivative instruments | The following table sets forth the gains and losses recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company’s derivative instruments for the three months ended April 30, 2015 and 2014, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.
|
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the notional amounts of outstanding derivative positions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Apr. 30, 2015
|
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements, Recurring and Nonrecurring | The liabilities which are measured at fair value on a recurring basis as of April 30, 2015 and January 31, 2015 are as follows:
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| Fair Value of Senior Convertible Notes | The following table provides details on the Senior Convertible Notes as of April 30, 2015 and January 31, 2015. The difference between the face value and the carrying value of these notes is the result of the allocation between the debt and equity components. Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.
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| X | ||||||||||
|
- Definition
Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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SEGMENT INFORMATION AND OPERATING RESULTS (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
|
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of financial information of business segments | Certain financial information for each of the Company’s business segments is set forth below.
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| X | ||||||||||
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- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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STORE CLOSINGS AND REALIGNMENT COST (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
|
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Restructuring Costs by Type of Cost | The following summarizes the exit costs associated with the aforementioned store closings and realignment activities:
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| Restructuring Reserve Rollforward | A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:
|
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
HELD FOR SALE (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
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| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Disposal Groups | The assets and liabilities which are held for sale are presented in the following table:
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- Details
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- Definition
Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2015
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| Income Tax Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Income Before Income Tax |
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| Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
(a) Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrianian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss). |
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- Details
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- Definition
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of income before income tax between domestic and foreign jurisdictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES, VAT Correction (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
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Apr. 30, 2015
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Apr. 30, 2014
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| Net Income (Loss) Attributable to Titan Machinery Inc. | $ (6,304)us-gaap_NetIncomeLoss | $ (6,549)us-gaap_NetIncomeLoss |
| Earnings (Loss) per share - diluted (in dollars per share) | $ (0.29)us-gaap_EarningsPerShareDiluted | $ (0.31)us-gaap_EarningsPerShareDiluted |
| Reclassification of VAT Asset and Devaluation of UAH | Adjustment | ||
| Net Income (Loss) Attributable to Titan Machinery Inc. | (2,300)us-gaap_NetIncomeLoss / us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis = titn_ReclassificationofVATAssetandDevaluationofUAHMember / us-gaap_StatementScenarioAxis = us-gaap_ScenarioAdjustmentMember |
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| Earnings (Loss) per share - diluted (in dollars per share) | $ (0.11)us-gaap_EarningsPerShareDiluted / us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis = titn_ReclassificationofVATAssetandDevaluationofUAHMember / us-gaap_StatementScenarioAxis = us-gaap_ScenarioAdjustmentMember |
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| Reclassification of VAT Asset and Devaluation of UAH | Previously Reported | ||
| Net Income (Loss) Attributable to Titan Machinery Inc. | $ (4,200)us-gaap_NetIncomeLoss / us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis = titn_ReclassificationofVATAssetandDevaluationofUAHMember / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
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| Earnings (Loss) per share - diluted (in dollars per share) | $ (0.20)us-gaap_EarningsPerShareDiluted / us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis = titn_ReclassificationofVATAssetandDevaluationofUAHMember / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
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| X | ||||||||||
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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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| X | ||||||||||
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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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- Details
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BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Apr. 30, 2015
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Apr. 30, 2014
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| Denominator | ||
| Basic Weighted-Average Common Shares Outstanding | 21,044us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 20,951us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Plus: Incremental Shares From Assumed Exercise of Stock Options | 0us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment | 0us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment |
| Diluted Weighted-Average Common Shares Outstanding | 21,044us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 20,951us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| Earnings (Loss) per Share - Basic, in dollars per share | $ (0.29)us-gaap_EarningsPerShareBasic | $ (0.31)us-gaap_EarningsPerShareBasic |
| Earnings (Loss) per Share - Diluted, in dollars per share | $ (0.29)us-gaap_EarningsPerShareDiluted | $ (0.31)us-gaap_EarningsPerShareDiluted |
| Employee Stock Option | ||
| Anti-dilutive securities | ||
| Anti-dilutive securities excluded from the calculation of diluted EPS (in shares) | 211us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount / us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis = us-gaap_EmployeeStockOptionMember |
375us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount / us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis = us-gaap_EmployeeStockOptionMember |
| Convertible Notes | ||
| Anti-dilutive securities | ||
| Anti-dilutive securities excluded from the calculation of diluted EPS (in shares) | 3,474us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount / us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis = us-gaap_ConvertibleDebtSecuritiesMember |
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| Conversion price of shares underlying convertible notes (in dollars per share) | $ 43.17us-gaap_DebtInstrumentConvertibleConversionPrice1 / us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis = us-gaap_ConvertibleDebtSecuritiesMember |
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- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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| X | ||||||||||
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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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| X | ||||||||||
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- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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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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- Details
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| X | ||||||||||
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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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- Details
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| X | ||||||||||
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- Details
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INVENTORIES (Details) (USD $)
In Thousands, unless otherwise specified |
Apr. 30, 2015
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Jan. 31, 2015
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|---|---|---|
| Inventory Disclosure [Abstract] | ||
| New equipment | $ 451,587titn_InventoryNewEquipmentNetOfReserves | $ 442,984titn_InventoryNewEquipmentNetOfReserves |
| Used equipment | 314,818titn_InventoryUsedEquipmentNetOfReserves | 318,308titn_InventoryUsedEquipmentNetOfReserves |
| Parts and attachments | 100,944us-gaap_InventoryPartsAndComponentsNetOfReserves | 107,893us-gaap_InventoryPartsAndComponentsNetOfReserves |
| Work in process | 12,711titn_InventoryWorkInProcessNetOfAdjustments | 10,255titn_InventoryWorkInProcessNetOfAdjustments |
| Inventories | $ 880,060us-gaap_InventoryNet | $ 879,440us-gaap_InventoryNet |
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- Definition
Represents carrying amount of new equipment, net of valuation reserves and adjustments, as of the balance sheet date. No definition available.
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- Definition
Represents carrying amount of used equipment, net of valuation reserves and adjustments, as of the balance sheet date. No definition available.
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- Definition
Carrying amount, net of reserves and adjustments, of retail rates of labor incurred and parts inventories used on service work in process as of the balance sheet date. No definition available.
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- Details
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- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date for elements of machinery or equipment held for the purpose of replacing similar parts in the course of repair or maintenance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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PROPERTY AND EQUIPMENT (Details) (USD $)
In Thousands, unless otherwise specified |
Apr. 30, 2015
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Jan. 31, 2015
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|---|---|---|
| PROPERTY AND EQUIPMENT | ||
| Property and equipment, gross | $ 300,681us-gaap_PropertyPlantAndEquipmentGross | $ 312,755us-gaap_PropertyPlantAndEquipmentGross |
| Less accumulated depreciation | (105,893)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment | (104,075)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment |
| Property and equipment, net | 194,788us-gaap_PropertyPlantAndEquipmentNet | 208,680us-gaap_PropertyPlantAndEquipmentNet |
| Rental fleet equipment | ||
| PROPERTY AND EQUIPMENT | ||
| Property and equipment, gross | 137,616us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = titn_RentalFleetEquipmentMember |
148,198us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = titn_RentalFleetEquipmentMember |
| Machinery and equipment | ||
| PROPERTY AND EQUIPMENT | ||
| Property and equipment, gross | 23,858us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = us-gaap_MachineryAndEquipmentMember |
24,071us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = us-gaap_MachineryAndEquipmentMember |
| Vehicles | ||
| PROPERTY AND EQUIPMENT | ||
| Property and equipment, gross | 42,436us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = us-gaap_VehiclesMember |
43,435us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = us-gaap_VehiclesMember |
| Furniture and fixtures | ||
| PROPERTY AND EQUIPMENT | ||
| Property and equipment, gross | 39,697us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = us-gaap_FurnitureAndFixturesMember |
39,421us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = us-gaap_FurnitureAndFixturesMember |
| Land, buildings, and leasehold improvements | ||
| PROPERTY AND EQUIPMENT | ||
| Property and equipment, gross | $ 57,074us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = titn_LandBuildingsAndLeaseholdImprovementsMember |
$ 57,630us-gaap_PropertyPlantAndEquipmentGross / us-gaap_PropertyPlantAndEquipmentByTypeAxis = titn_LandBuildingsAndLeaseholdImprovementsMember |
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- Definition
Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Details
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- Details
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| X | ||||||||||
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- Details
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LINES OF CREDIT / FLOORPLAN PAYABLE (Details) (USD $)
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3 Months Ended | |
|---|---|---|
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Apr. 30, 2015
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Jan. 31, 2015
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| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Floorplan payable | 606,673,000titn_FloorplanNotesPayable | $ 627,249,000titn_FloorplanNotesPayable |
| Floorplan Lines of Credit | ||
| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Maximum borrowing capacity | 1,100,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember |
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| Floorplan payable | 573,000,000titn_FloorplanNotesPayable / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember |
594,100,000titn_FloorplanNotesPayable / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember |
| Floorplan Lines of Credit | U.S. | ||
| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Interest rate, Minimum (as a percent) | 3.31%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember / us-gaap_StatementGeographicalAxis = country_US |
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| Interest rate, Maximum (as a percent) | 5.02%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember / us-gaap_StatementGeographicalAxis = country_US |
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| Floorplan Lines of Credit | Foreign | ||
| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Maximum borrowing capacity | 128,400,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember / us-gaap_StatementGeographicalAxis = titn_OutsideofUnitedStatesMember |
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| Interest rate, Minimum (as a percent) | 1.81%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember / us-gaap_StatementGeographicalAxis = titn_OutsideofUnitedStatesMember |
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| Interest rate, Maximum (as a percent) | 12.00%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember / us-gaap_StatementGeographicalAxis = titn_OutsideofUnitedStatesMember |
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| Floorplan Lines of Credit | Group of banks led by Wells Fargo Bank | ||
| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Maximum borrowing capacity | 275,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember / us-gaap_LineOfCreditFacilityAxis = titn_WellsFargoBankNationalAssociationMember |
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| Floorplan Lines of Credit | CNH Capital America LLC | ||
| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Maximum borrowing capacity | 450,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember / us-gaap_LineOfCreditFacilityAxis = titn_CNHCapitalAmericaLLCMember |
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| Floorplan Lines of Credit | Agricredit Acceptance LLC | ||
| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Maximum borrowing capacity | 200,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = titn_FloorplanLineOfCreditMember / us-gaap_LineOfCreditFacilityAxis = titn_AgricreditAcceptanceLLCMember |
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| Working Capital Line of Credit | ||
| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Amount outstanding | 18,700,000us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = titn_WorkingCapitalLineOfCreditMember |
18,700,000us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = titn_WorkingCapitalLineOfCreditMember |
| Working Capital Line of Credit | Group of banks led by Wells Fargo Bank | ||
| LINES OF CREDIT / FLOORPLAN NOTES PAYABLE | ||
| Maximum borrowing capacity | 87,500,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = titn_WorkingCapitalLineOfCreditMember / us-gaap_LineOfCreditFacilityAxis = titn_WellsFargoBankNationalAssociationMember |
| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of amounts borrowed to finance the purchase of new and used equipment inventories with manufacturer finance companies or other financial institutions. No definition available.
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| X | ||||||||||
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- Definition
Maximum contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Minimum contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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SENIOR CONVERTIBLE NOTES (Details) (Convertible Notes)
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Apr. 30, 2015
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|---|---|
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Convertible Notes
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| SENIOR CONVERTIBLE NOTES | |
| Interest rate (as a percent) | 3.75%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
| X | ||||||||||
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- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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SENIOR CONVERTIBLE NOTES (Details 2) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | ||
|---|---|---|---|
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Apr. 30, 2015
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Apr. 30, 2014
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Jan. 31, 2015
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| Convertible notes | |||
| Principal value | $ 150,000us-gaap_DebtInstrumentFaceAmount | $ 150,000us-gaap_DebtInstrumentFaceAmount | |
| Other interest expense | 3,827us-gaap_InterestExpenseDebt | 3,441us-gaap_InterestExpenseDebt | |
| Convertible Notes | |||
| Convertible notes | |||
| Principal value | 150,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
150,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
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| Unamortized debt discount | (16,755)us-gaap_DebtInstrumentUnamortizedDiscount / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
(17,650)us-gaap_DebtInstrumentUnamortizedDiscount / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
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| Carrying value of senior convertible notes | 133,245us-gaap_ConvertibleDebt / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
132,350us-gaap_ConvertibleDebt / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
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| Carrying value of equity component, net of deferred taxes | 15,546us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
15,546us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
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| Conversion rate | 0.0231626us-gaap_DebtInstrumentConvertibleConversionRatio1 / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
||
| Conversion price (per share of common stock) | $ 43.17us-gaap_DebtInstrumentConvertibleConversionPrice1 / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
||
| Other interest expense | 1,406us-gaap_InterestExpenseDebt / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
1,406us-gaap_InterestExpenseDebt / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
|
| Amortization of debt discount | 894us-gaap_AmortizationOfDebtDiscountPremium / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
835us-gaap_AmortizationOfDebtDiscountPremium / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
|
| Amortization of transaction costs | 136us-gaap_AmortizationOfFinancingCosts / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
133us-gaap_AmortizationOfFinancingCosts / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
|
| Interest Expense | $ 2,436us-gaap_InterestExpense / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
$ 2,374us-gaap_InterestExpense / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
|
| Remaining period over which unamortized debt discount will be amortized | 4 years 0 months | ||
| Effective interest rate (as a percent) | 7.00%us-gaap_DebtInstrumentInterestRateDuringPeriod / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
7.00%us-gaap_DebtInstrumentInterestRateDuringPeriod / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleDebtMember |
|
| X | ||||||||||
|
- Definition
Represents the period over which unamortized debt discount will be amortized. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of the equity component of convertible debt which may be settled in cash upon conversion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Ratio applied to the conversion of debt instrument into equity with equity shares divided by debt principal amount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average effective interest rate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
DERIVATIVE INSTRUMENTS (Details 1) (Forward-starting contract, USD $)
|
Oct. 09, 2013
|
Apr. 30, 2015
|
Jan. 31, 2015
|
|---|---|---|---|
|
Interest Rate Swap | Cash Flow Hedges
|
|||
| DERIVATIVE INSTRUMENTS | |||
| Fixed interest rate (as a percent) | 1.901%us-gaap_DerivativeFixedInterestRate / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember |
||
| Notional amount outstanding | $ 100,000,000invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember |
||
|
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges
|
|||
| DERIVATIVE INSTRUMENTS | |||
| Notional amount outstanding | 100,000,000invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
100,000,000invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
|
|
Foreign currency contracts | Designated as Hedging Instrument | Net Investment Hedges
|
|||
| DERIVATIVE INSTRUMENTS | |||
| Notional amount outstanding | 7,691,000invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_NetInvestmentHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
14,223,000invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_NetInvestmentHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
|
|
Foreign currency contracts | Designated as Hedging Instrument | Cash Flow Hedges
|
|||
| DERIVATIVE INSTRUMENTS | |||
| Notional amount outstanding | 0invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
0invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
|
|
Foreign currency contracts | Not designated as hedging instruments
|
|||
| DERIVATIVE INSTRUMENTS | |||
| Notional amount outstanding | $ 28,578,000invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember |
$ 30,030,000invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = us-gaap_ForwardContractsMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember |
| X | ||||||||||
|
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fixed interest rate related to the interest rate derivative. No definition available.
|
| X | ||||||||||
|
- Details
|
|
DERIVATIVE INSTRUMENTS DERIVATIVES INSTRUMENTS (Details 2) (USD $)
In Thousands, unless otherwise specified |
Apr. 30, 2015
|
Jan. 31, 2015
|
|---|---|---|
| DERIVATIVE INSTRUMENTS | ||
| Fair Value of Derivative Liability | $ 2,983us-gaap_DerivativeFairValueOfDerivativeLiability | $ 3,269us-gaap_DerivativeFairValueOfDerivativeLiability |
| Foreign currency contracts | Not designated as hedging instruments | ||
| DERIVATIVE INSTRUMENTS | ||
| Fair Value of Derivative Liability | 273us-gaap_DerivativeFairValueOfDerivativeLiability / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember |
17us-gaap_DerivativeFairValueOfDerivativeLiability / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember |
| Net Investment Hedges | Foreign currency contracts | Designated as Hedging Instrument | ||
| DERIVATIVE INSTRUMENTS | ||
| Fair Value of Derivative Liability | 88us-gaap_DerivativeFairValueOfDerivativeLiability / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_NetInvestmentHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
19us-gaap_DerivativeFairValueOfDerivativeLiability / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_NetInvestmentHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| Cash Flow Hedges | Interest Rate Swap | Designated as Hedging Instrument | ||
| DERIVATIVE INSTRUMENTS | ||
| Fair Value of Derivative Liability | $ 2,622us-gaap_DerivativeFairValueOfDerivativeLiability / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
$ 3,233us-gaap_DerivativeFairValueOfDerivativeLiability / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| X | ||||||||||
|
- Definition
Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
DERIVATIVE INSTRUMENTS DERIVATE INSTRUMENTS (Details 3) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Apr. 30, 2015
|
Apr. 30, 2014
|
|
| Foreign currency contracts | ||
| Derivative Instruments, Gain (Loss) | ||
| Amount of Gain (Loss) Recognized in Other Comprehensive Income | $ 292us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember |
$ (1,187)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember |
| Amount of Gain (Loss) Recognized in Income | (361)us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember |
(1,317)us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember |
| Foreign currency contracts | Designated as Hedging Instrument | Net Investment Hedges | ||
| Derivative Instruments, Gain (Loss) | ||
| Amount of Gain (Loss) Recognized in Other Comprehensive Income | 111us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_NetInvestmentHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
(1,245)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_NetInvestmentHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| Amount of Gain (Loss) Recognized in Income | 0us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_NetInvestmentHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
0us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_NetInvestmentHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| Foreign currency contracts | Designated as Hedging Instrument | Cash Flow Hedges | ||
| Derivative Instruments, Gain (Loss) | ||
| Amount of Gain (Loss) Recognized in Other Comprehensive Income | 0us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
53us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| Amount of Gain (Loss) Recognized in Income | (13)us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
(14)us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| Foreign currency contracts | Not designated as hedging instruments | ||
| Derivative Instruments, Gain (Loss) | ||
| Amount of Gain (Loss) Recognized in Other Comprehensive Income | 0us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember |
0us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember |
| Amount of Gain (Loss) Recognized in Income | 82us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember |
(1,303)us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember |
| Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges | ||
| Derivative Instruments, Gain (Loss) | ||
| Amount of Gain (Loss) Recognized in Other Comprehensive Income | 181us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
5us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| Amount of Gain (Loss) Recognized in Income | $ (430)us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
$ 0us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS NARRATIVE (Details) (Cash Flow Hedges, USD $)
In Millions, unless otherwise specified |
3 Months Ended |
|---|---|
|
Apr. 30, 2015
|
|
| Interest Rate Swap | |
| Derivative | |
| Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax | $ (2.6)titn_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesinNetGainLossfromCashFlowHedgesBeforeTax / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | (1.6)us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember |
| Foreign currency contracts | |
| Derivative | |
| Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax | 0titn_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesinNetGainLossfromCashFlowHedgesBeforeTax / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ 0us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeForwardMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember |
| X | ||||||||||
|
- Definition
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax No definition available.
|
| X | ||||||||||
|
- Definition
The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified |
Apr. 30, 2015
|
Jan. 31, 2015
|
|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | $ (2,983)us-gaap_DerivativeLiabilities | $ (3,269)us-gaap_DerivativeLiabilities |
| Principal value | 150,000us-gaap_DebtInstrumentFaceAmount | 150,000us-gaap_DebtInstrumentFaceAmount |
| Estimate of Fair Value Measurement | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Senior Convertible Notes | 117,219us-gaap_ConvertibleDebtFairValueDisclosures / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember |
111,273us-gaap_ConvertibleDebtFairValueDisclosures / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_EstimateOfFairValueFairValueDisclosureMember |
| Reported Value Measurement | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Senior Convertible Notes | 133,245us-gaap_ConvertibleDebtFairValueDisclosures / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |
132,350us-gaap_ConvertibleDebtFairValueDisclosures / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |
| Interest Rate Swap | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | (2,622)us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember |
(3,233)us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember |
| Foreign Exchange Contract | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | (361)us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember |
(36)us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember |
| Fair Value, Inputs, Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | 0us-gaap_DerivativeLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |
0us-gaap_DerivativeLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |
| Fair Value, Inputs, Level 1 | Interest Rate Swap | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | 0us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |
0us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |
| Fair Value, Inputs, Level 1 | Foreign Exchange Contract | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | 0us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |
0us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel1Member |
| Fair Value, Inputs, Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | (2,983)us-gaap_DerivativeLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member |
(3,269)us-gaap_DerivativeLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member |
| Fair Value, Inputs, Level 2 | Interest Rate Swap | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | (2,622)us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member |
(3,233)us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member |
| Fair Value, Inputs, Level 2 | Foreign Exchange Contract | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | (361)us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member |
(36)us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member |
| Fair Value, Inputs, Level 3 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | 0us-gaap_DerivativeLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |
0us-gaap_DerivativeLiabilities / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |
| Fair Value, Inputs, Level 3 | Interest Rate Swap | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | 0us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |
0us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |
| Fair Value, Inputs, Level 3 | Foreign Exchange Contract | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Financial Liability | $ 0us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |
$ 0us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |
| X | ||||||||||
|
- Definition
Fair value portion of borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SEGMENT INFORMATION AND OPERATING RESULTS (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
|---|---|---|---|
|
Apr. 30, 2015
segment
|
Apr. 30, 2014
|
Jan. 31, 2015
|
|
| Segment Reporting [Abstract] | |||
| Number of reportable segments | 3us-gaap_NumberOfReportableSegments | ||
| SEGMENT INFORMATION AND OPERATING RESULTS | |||
| Revenue | $ 353,196us-gaap_Revenues | $ 465,463us-gaap_Revenues | |
| Income (Loss) Before Income Taxes | (8,826)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (8,626)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | |
| Total Assets | 1,297,720us-gaap_Assets | 1,349,747us-gaap_Assets | |
| Shared Resources | |||
| SEGMENT INFORMATION AND OPERATING RESULTS | |||
| Income (Loss) Before Income Taxes | 196us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_StatementBusinessSegmentsAxis = us-gaap_CorporateAndOtherMember |
(873)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_StatementBusinessSegmentsAxis = us-gaap_CorporateAndOtherMember |
|
| Total Assets | 116,475us-gaap_Assets / us-gaap_StatementBusinessSegmentsAxis = us-gaap_CorporateAndOtherMember |
68,693us-gaap_Assets / us-gaap_StatementBusinessSegmentsAxis = us-gaap_CorporateAndOtherMember |
|
| Operating Segments | |||
| SEGMENT INFORMATION AND OPERATING RESULTS | |||
| Income (Loss) Before Income Taxes | (9,022)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember |
(7,753)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember |
|
| Total Assets | 1,181,245us-gaap_Assets / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember |
1,281,054us-gaap_Assets / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember |
|
| Operating Segments | Agriculture | |||
| SEGMENT INFORMATION AND OPERATING RESULTS | |||
| Revenue | 239,855us-gaap_Revenues / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
344,381us-gaap_Revenues / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
|
| Income (Loss) Before Income Taxes | (1,086)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
3,505us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
|
| Total Assets | 681,952us-gaap_Assets / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
734,894us-gaap_Assets / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
|
| Operating Segments | Construction | |||
| SEGMENT INFORMATION AND OPERATING RESULTS | |||
| Revenue | 81,171us-gaap_Revenues / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
91,765us-gaap_Revenues / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
|
| Income (Loss) Before Income Taxes | (3,565)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
(5,993)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
|
| Total Assets | 368,407us-gaap_Assets / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
393,573us-gaap_Assets / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
|
| Operating Segments | International | |||
| SEGMENT INFORMATION AND OPERATING RESULTS | |||
| Revenue | 32,170us-gaap_Revenues / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
29,317us-gaap_Revenues / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
|
| Income (Loss) Before Income Taxes | (4,371)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
(5,265)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
|
| Total Assets | $ 130,886us-gaap_Assets / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
$ 152,587us-gaap_Assets / us-gaap_ConsolidationItemsAxis = us-gaap_OperatingSegmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
|
- 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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STORE CLOSINGS AND REALIGNMENT COST (Details) (USD $)
|
3 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | |
|---|---|---|---|---|---|
|
Apr. 30, 2015
|
Apr. 30, 2014
|
Mar. 05, 2015
|
Jan. 31, 2015
|
Apr. 30, 2014
|
|
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | $ 1,601,000us-gaap_RestructuringAndRelatedCostIncurredCost | $ 3,205,000us-gaap_RestructuringAndRelatedCostIncurredCost | |||
| Construction | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 663,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
2,286,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
|||
| Agriculture | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 640,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
706,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
|||
| International | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
|||
| Shared Resource Center | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 298,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_StatementBusinessSegmentsAxis = titn_SharedResourceCenterMember |
213,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_StatementBusinessSegmentsAxis = titn_SharedResourceCenterMember |
|||
| Lease termination costs | Realignment Cost | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 561,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember |
1,632,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember |
|||
| Lease termination costs | Realignment Cost | Construction | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 261,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
1,518,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
|||
| Lease termination costs | Realignment Cost | Agriculture | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 251,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
114,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
|||
| Lease termination costs | Realignment Cost | Shared Resource Center | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 49,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember / us-gaap_StatementBusinessSegmentsAxis = titn_SharedResourceCenterMember |
0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember / us-gaap_StatementBusinessSegmentsAxis = titn_SharedResourceCenterMember |
|||
| Employee severance costs | Realignment Cost | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 749,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember |
735,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember |
|||
| Employee severance costs | Realignment Cost | Construction | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 258,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
451,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
|||
| Employee severance costs | Realignment Cost | Agriculture | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 304,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
71,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
|||
| Employee severance costs | Realignment Cost | International | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember / us-gaap_StatementBusinessSegmentsAxis = titn_InternationalMember |
|||
| Employee severance costs | Realignment Cost | Shared Resource Center | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 187,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember / us-gaap_StatementBusinessSegmentsAxis = titn_SharedResourceCenterMember |
213,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember / us-gaap_StatementBusinessSegmentsAxis = titn_SharedResourceCenterMember |
|||
| Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 152,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = titn_ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember |
237,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = titn_ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember |
|||
| Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | Construction | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 90,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = titn_ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
152,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = titn_ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
|||
| Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | Agriculture | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = titn_ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
85,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = titn_ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
|||
| Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | Shared Resource Center | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 62,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = titn_ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember / us-gaap_StatementBusinessSegmentsAxis = titn_SharedResourceCenterMember |
0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = titn_ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember / us-gaap_StatementBusinessSegmentsAxis = titn_SharedResourceCenterMember |
|||
| Asset relocation and other closing costs | Realignment Cost | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 139,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_OtherRestructuringMember |
197,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_OtherRestructuringMember |
|||
| Asset relocation and other closing costs | Realignment Cost | Construction | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 54,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_OtherRestructuringMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
165,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_OtherRestructuringMember / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
|||
| Asset relocation and other closing costs | Realignment Cost | Agriculture | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 85,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_OtherRestructuringMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
32,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_RealignmentCostMember / us-gaap_RestructuringCostAndReserveAxis = us-gaap_OtherRestructuringMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
|||
| Inventory cost adjustments | Equipment Cost of Sales | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_EquipmentCostofSalesMember / us-gaap_RestructuringCostAndReserveAxis = titn_InventoryCostAdjustmentsMember |
404,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_EquipmentCostofSalesMember / us-gaap_RestructuringCostAndReserveAxis = titn_InventoryCostAdjustmentsMember |
|||
| Inventory cost adjustments | Equipment Cost of Sales | Agriculture | |||||
| Realignment Costs | |||||
| Amount of Realignment Cost Incurred | 0us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_EquipmentCostofSalesMember / us-gaap_RestructuringCostAndReserveAxis = titn_InventoryCostAdjustmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
404,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_IncomeStatementLocationAxis = titn_EquipmentCostofSalesMember / us-gaap_RestructuringCostAndReserveAxis = titn_InventoryCostAdjustmentsMember / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
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| Realignment Announced March 2015 | |||||
| Realignment Costs | |||||
| Reduction of Construction-related headcount, percent | 14.00%us-gaap_RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedMarch2015Member |
||||
| Restructuring and Related Cost, Expected Cost | 2,000,000us-gaap_RestructuringAndRelatedCostExpectedCost1 / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedMarch2015Member |
||||
| Amount of Realignment Cost Incurred | 1,600,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedMarch2015Member |
100,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedMarch2015Member |
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| Realignment Announced March 2015 | Construction | |||||
| Realignment Costs | |||||
| Number of stores closed (in ones) | 1titn_RestructuringandRelatedCostNumberofFacilitiesClosed / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedMarch2015Member / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
||||
| Realignment Announced March 2015 | Agriculture | |||||
| Realignment Costs | |||||
| Number of stores closed (in ones) | 3titn_RestructuringandRelatedCostNumberofFacilitiesClosed / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedMarch2015Member / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
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| Realignment Announced April 2104 | |||||
| Realignment Costs | |||||
| Reduction of Construction-related headcount, percent | 12.00%us-gaap_RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedApril2104Member |
||||
| Amount of Realignment Cost Incurred | $ 3,200,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedApril2104Member |
$ 3,800,000us-gaap_RestructuringAndRelatedCostIncurredCost / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedApril2104Member |
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| Realignment Announced April 2104 | Construction | |||||
| Realignment Costs | |||||
| Number of stores closed (in ones) | 7titn_RestructuringandRelatedCostNumberofFacilitiesClosed / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedApril2104Member / us-gaap_StatementBusinessSegmentsAxis = titn_ConstructionMember |
||||
| Realignment Announced April 2104 | Agriculture | |||||
| Realignment Costs | |||||
| Number of stores closed (in ones) | 1titn_RestructuringandRelatedCostNumberofFacilitiesClosed / us-gaap_RestructuringPlanAxis = titn_RealignmentAnnouncedApril2104Member / us-gaap_StatementBusinessSegmentsAxis = titn_AgricultureMember |
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| X | ||||||||||
|
- Definition
Restructuring and Related Cost, Number of Facilities Closed No definition available.
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| X | ||||||||||
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- Definition
Amount expected to be recognized in earnings for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of positions eliminated during the period as a percentage of total positions eliminated during the period in connection with the restructuring plan(s). No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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| X | ||||||||||
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STORE CLOSINGS AND REALIGNMENT COST (Details 2) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Apr. 30, 2015
|
Jan. 31, 2015
|
|
| Realignment Reserve [Roll Forward] | ||
| Balance, January 31, 2015 | $ 1,706us-gaap_RestructuringReserve | |
| Balance, April 30, 2015 | 2,234us-gaap_RestructuringReserve | 1,706us-gaap_RestructuringReserve |
| Lease termination costs | ||
| Realignment Reserve [Roll Forward] | ||
| Exit costs incurred and charged to expense | 561us-gaap_RestructuringCharges / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember |
|
| Exit costs paid | (138)us-gaap_PaymentsForRestructuring / us-gaap_RestructuringCostAndReserveAxis = us-gaap_ContractTerminationMember |
|
| Employee severance costs | ||
| Realignment Reserve [Roll Forward] | ||
| Exit costs incurred and charged to expense | 749us-gaap_RestructuringCharges / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember |
|
| Exit costs paid | $ (644)us-gaap_PaymentsForRestructuring / us-gaap_RestructuringCostAndReserveAxis = us-gaap_EmployeeSeveranceMember |
| X | ||||||||||
|
- Definition
Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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HELD FOR SALE (Details) (USD $)
In Thousands, unless otherwise specified |
Apr. 30, 2015
|
Jan. 31, 2015
|
|---|---|---|
| Property and equipment: | ||
| Assets held for sale | $ 14,946us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent | $ 15,312us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent |
| Liabilities Held for Sale [Abstract] | ||
| Liabilities held for sale | 1,540us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent | 2,835us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent |
| Held-for-sale | ||
| Assets Held for Sale [Abstract] | ||
| Receivables | 79us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
147us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Inventories: | ||
| New equipment | 5,538titn_DisposalGroupInventoryNewEquipment / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
6,269titn_DisposalGroupInventoryNewEquipment / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Used equipment | 3,448titn_DisposalGroupInventoryUsedEquipment / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
3,973titn_DisposalGroupInventoryUsedEquipment / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Parts and attachments | 863titn_DisposalGroupInventoryPartsandAttachments / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
920titn_DisposalGroupInventoryPartsandAttachments / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Work in process | 86titn_DisposalGroupInventoryWorkInProcess / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
65titn_DisposalGroupInventoryWorkInProcess / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Total inventories | 9,935us-gaap_DisposalGroupIncludingDiscontinuedOperationInventory1 / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
11,227us-gaap_DisposalGroupIncludingDiscontinuedOperationInventory1 / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Property and equipment: | ||
| Machinery and equipment | 106titn_DisposalGroupPropertyPlantandEquipmentMachineryandEquipment / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
114titn_DisposalGroupPropertyPlantandEquipmentMachineryandEquipment / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Vehicles | 154titn_DisposalGroupPropertyPlantandEquipmentVehicles / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
155titn_DisposalGroupPropertyPlantandEquipmentVehicles / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Furniture and fixtures | 51titn_DisposalGroupPropertyPlantandEquipmentFurnitureandFixtures / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
57titn_DisposalGroupPropertyPlantandEquipmentFurnitureandFixtures / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Land, buildings, and leasehold improvements | 4,621titn_DisposalGroupPropertyPlantandEquipmentLandBuildingsandLeaseholdImprovements / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
3,612titn_DisposalGroupPropertyPlantandEquipmentLandBuildingsandLeaseholdImprovements / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Total property and equipment | 4,932us-gaap_DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
3,938us-gaap_DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Assets held for sale | 14,946us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
15,312us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Liabilities Held for Sale [Abstract] | ||
| Accounts payable | 68us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsPayable / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
151us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsPayable / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Floorplan payable | 1,321titn_DisposalGroupIncludingDiscontinuedOperationFloorplanPayable / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
1,771titn_DisposalGroupIncludingDiscontinuedOperationFloorplanPayable / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Customer deposits | 151titn_DisposalGroupCustomerDeposits / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
913titn_DisposalGroupCustomerDeposits / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| Liabilities held for sale | $ 1,540us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
$ 2,835us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent / titn_DisposalGroupClassificationAxis = titn_DisposalGroupHeldforsaleNotDiscontinuedOperationsMember |
| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
Disposal Group, Customer Deposits No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Including Discontinued Operation, Floorplan Payable No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Inventory, New Equipment No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Inventory, Parts and Attachments No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Inventory, Used Equipment No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Inventory Work In Process No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Property, Plant and Equipment, Furniture and Fixtures No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Property, Plant and Equipment, Land, Buildings, and Leasehold Improvements No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Property, Plant and Equipment, Machinery and Equipment No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Property, Plant and Equipment, Vehicles No definition available.
|
| X | ||||||||||
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- Details
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| X | ||||||||||
|
- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
|
- Definition
Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount classified as accounts, notes and loans receivable attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount classified as accounts payable attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount classified as inventory attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount classified as property, plant and equipment attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
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|
INCOME TAXES (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Apr. 30, 2015
|
Apr. 30, 2014
|
|
| U.S. | $ (4,488)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic | $ (3,223)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic |
| Foreign | (4,338)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign | (5,403)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign |
| Income (Loss) Before Income Taxes | $ (8,826)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | $ (8,626)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Effective Income Tax Rate Reconciliation, Percent | (21.90%)us-gaap_EffectiveIncomeTaxRateContinuingOperations | (20.10%)us-gaap_EffectiveIncomeTaxRateContinuingOperations |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | (35.00%)us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate | (35.00%)us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate |
| Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent | 11.70%us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential | 10.60%us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential |
| Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | (4.10%)us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes | (4.30%)us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent | 35.70%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance | 46.30%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance |
| Effective Income Tax Rate Reconciliation, Currency Devaluation | (28.00%)titn_EffectiveIncomeTaxRateReconciliationCurrencyDevaluation | (36.60%)titn_EffectiveIncomeTaxRateReconciliationCurrencyDevaluation |
| Effective Income Tax Rate Reconciliation, Other Adjustments, Percent | (2.20%)us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments | (1.10%)us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments |
| Minimum | ||
| Operating Loss Carryforward Period | 5 years | |
| Maximum | ||
| Operating Loss Carryforward Period | 7 years | |
| X | ||||||||||
|
- Definition
Effective Income Tax Rate Reconciliation, Currency Devaluation No definition available.
|
| X | ||||||||||
|
- Definition
Operating Loss Carryforward Period No definition available.
|
| X | ||||||||||
|
- Definition
Percentage 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
|
| X | ||||||||||
|
- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Details
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| X | ||||||||||
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- Details
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