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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Jan. 31, 2017	Mar. 31, 2017	Jul. 31, 2016
Document and Entity Information
Entity Registrant Name	Titan Machinery Inc.
Entity Central Index Key	0001409171
Document Type	10-K
Document Period End Date	Jan. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 205.4
Entity Common Stock, Shares Outstanding		21,833,294
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
CURRENT ASSETS
Cash	$ 53,151	$ 89,465
Receivables (net of allowance of $3,630 and $3,591 as of January 31, 2017 and January 31, 2016, respectively)	60,082	65,534
Inventories	478,266	680,482
Prepaid expenses and other	10,989	9,753
Income taxes receivable	5,380	13,011
Total current assets	607,868	858,245
INTANGIBLES AND OTHER ASSETS
Intangible assets, net of accumulated amortization	5,001	5,134
Property and Equipment, net of accumulated depreciation	163,554	189,630
Property, Plant and Equipment, Net	156,647	183,179
Deferred Tax Assets, Net, Noncurrent	547	0
Other	1,359	1,317
Total Assets	771,422	1,047,875
CURRENT LIABILITIES
Accounts payable	17,326	16,863
Floorplan payable	233,228	444,780
Current maturities of long-term debt	1,373	1,557
Customer deposits	26,366	31,159
Accrued expenses and other	30,533	29,066
Total current liabilities	308,826	523,425
LONG-TERM LIABILITIES
Senior convertible notes	88,501	134,145
Long-term debt, less current maturities	38,236	38,409
Deferred income taxes	9,500	11,135
Other long-term liabilities	5,180	2,412
Total long-term liabilities	141,417	186,101
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Common stock, par value $.00001 per share, 45,000 shares authorized; 21,836 shares issued and outstanding at January 31, 2017; 21,604 shares issued and outstanding at January 31, 2016	0	0
Additional paid-in-capital	240,615	242,491
Retained earnings	85,347	99,526
Accumulated other comprehensive loss	(4,783)	(4,461)
Total Titan Machinery Inc. stockholders' equity	321,179	337,556
Noncontrolling interest		793
Total stockholders' equity	321,179	338,349
Total Liabilities and Stockholders' Equity	$ 771,422	$ 1,047,875

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts Receivable, Current	$ 3,630	$ 3,591
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, authorized shares	45,000,000	45,000,000
Common stock, issued shares	21,836,000	21,604,000
Common stock, outstanding shares	21,836,000	21,604,000

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
REVENUE
Equipment	$ 797,315	$ 925,471	$ 1,398,195
Parts	233,819	245,387	270,262
Service	124,076	127,457	147,356
Rental and other	57,870	69,520	84,433
Total Revenue	1,213,080	1,367,835	1,900,246
COST OF REVENUE
Equipment	746,169	889,567	1,286,148
Parts	164,020	173,083	189,540
Service	46,284	46,814	53,924
Rental and other	42,878	52,457	62,250
TOTAL COST OF REVENUE	999,351	1,161,921	1,591,862
GROSS PROFIT	213,729	205,914	308,384
OPERATING EXPENSES	211,372	220,524	273,271
Impairment of Goodwill	0	0	24,739
Impairment of Intangibles and Long-Lived Assets	4,410	6,903	6,486
Realignment Costs	319	1,597	3,165
Income (Loss) from Operations	(2,372)	(23,110)	723
OTHER INCOME (EXPENSE)
Interest income and other income (expense)	1,524	(478)	(4,272)
Floorplan interest expense	(13,560)	(18,334)	(20,477)
Other interest expense	(8,305)	(14,289)	(14,314)
Loss Before Income Taxes	(22,713)	(56,211)	(38,340)
Benefit from Income Taxes	(8,178)	(17,982)	(4,923)
Net Loss Including Noncontrolling Interest	(14,535)	(38,229)	(33,417)
Less: Loss Attributable to Noncontrolling Interest	(356)	(337)	(1,260)
Net Loss Attributable to Titan Machinery Inc.	(14,179)	(37,892)	(32,157)
Net Loss Allocated to Participating Securities - Note 1	243	717	559
Net Loss Attributable to Titan Machinery Inc. Common Stockholders	$ (13,936)	$ (37,175)	$ (31,598)
EARNINGS PER SHARE-NOTE 1
Earnings (Loss) per share - basic (in dollars per share)	$ (0.65)	$ (1.76)	$ (1.51)
Earnings (Loss) per share - diluted (in dollars per share)	$ (0.65)	$ (1.76)	$ (1.51)
WEIGHTED AVERAGE COMMON SHARES-BASIC (in shares)	21,294	21,111	20,989
WEIGHTED AVERAGE COMMON SHARES-DILUTED (in shares)	21,294	21,111	20,989

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Net Income (Loss) Including Noncontrolling Interest	$ (14,535)	$ (38,229)	$ (33,417)
Other Comprehensive Loss
Foreign currency translation adjustments	(1,090)	(4,598)	(3,043)
Unrealized gain on foreign currency contract cash flow hedge derivative instruments, net of tax expense $29 for the year ended January 31, 2015	0	0	44
Total Other Comprehensive Loss	(102)	(4,092)	(1,308)
Comprehensive Loss	(14,637)	(42,321)	(34,725)
Comprehensive Loss Attributable to Noncontrolling Interest	(333)	(1,067)	(1,130)
Comprehensive Loss Attributable To Titan Machinery Inc.	(14,304)	(41,254)	(33,595)
Interest Rate Swap [Member]
Other Comprehensive Loss
Unrealized gain (loss) on interest rate swap cash flow hedge derivative instrument, net of tax expense (benefit) of $105, ($524) and ($1,038) for the years ended January 31, 2017, 2016 and 2015, respectively	158	(785)	(1,557)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	830	1,053	354
Foreign Exchange Contract [Member]
Other Comprehensive Loss
Unrealized gain on net investment hedge derivative instruments, net of tax expense $132 and $1,900 for the years ended January 31, 2016 and 2015, respectively		201	2,849
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	$ 0	$ 37	$ 45

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Tax expense (benefit) on unrealized gain (loss) on net investment hedge derivative instruments	$ 0	$ 132	$ 1,900
Foreign Exchange Contract [Member]
Tax expense (benefit) on reclassification of gain (loss) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments	0	24	31
Interest Rate Swap [Member]
Tax expense (benefit) on reclassification of gain (loss) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments	554	702	235
Designated as Hedging Instrument \| Interest Rate Contract
Tax expense (benefit) on unrealized gain (loss) on cash flow hedge derivative instruments	105	524	(1,038)
Designated as Hedging Instrument \| Cash Flow Hedging
Tax expense (benefit) on unrealized gain (loss) on cash flow hedge derivative instruments	$ 0	$ 0	$ 29

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Noncontrolling Interest	Total Titan Machinery Inc. Stockholders' Equity	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Translation Adjustment	Accumulated Net Unrealized Investment Gain (Loss)	Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]	Accumulated Other Comprehensive Loss	Interest Rate Contract [Member] Accumulated Net Unrealized Investment Gain (Loss)
BALANCE at Jan. 31, 2014	$ 411,342	$ 2,571	$ 408,771		$ 238,857	$ 169,575	$ 1,541	$ (339)	$ (126)	$ 339	$ (737)
BALANCE (in shares) at Jan. 31, 2014				21,261
Increase (Decrease) in Stockholders' Equity
Common stock issued on grant of restricted stock (net of forfeitures), exercise of stock options and warrants, and tax benefits of equity awards	(310)		(310)		(310)
Common stock issued on grant of restricted stock (net of forfeitures), exercise of stock options and warrants, and tax benefits of equity awards (in shares)				145
Stock-based compensation expense	2,135		2,135		2,135
Other	(83)	419	(502)	$ 0	(502)
Comprehensive income (loss):
Net income (loss)	(33,417)	(1,260)	(32,157)			(32,157)
Total Other Comprehensive Loss	(1,308)	130	(1,438)				(3,173)	2,849	89	(1,438)	(1,203)
COMPREHENSIVE INCOME (LOSS)	(34,725)	(1,130)	(33,595)
BALANCE at Jan. 31, 2015	378,359	1,860	376,499		240,180	137,418	(1,632)	2,510	(37)	(1,099)	(1,940)
BALANCE (in shares) at Jan. 31, 2015				21,406
Increase (Decrease) in Stockholders' Equity
Common stock issued on grant of restricted stock (net of forfeitures), exercise of stock options and warrants, and tax benefits of equity awards	208		208		208
Common stock issued on grant of restricted stock (net of forfeitures), exercise of stock options and warrants, and tax benefits of equity awards (in shares)				198
Stock-based compensation expense	2,103		2,103		2,103
Comprehensive income (loss):
Net income (loss)	(38,229)	(337)	(37,892)			(37,892)
Total Other Comprehensive Loss	(4,092)	(730)	(3,362)				(3,868)	201	37	(3,362)	268
COMPREHENSIVE INCOME (LOSS)	(42,321)	(1,067)	(41,254)
BALANCE at Jan. 31, 2016	338,349	793	337,556		242,491	99,526	(5,500)	2,711	0	(4,461)	(1,672)
BALANCE (in shares) at Jan. 31, 2016				21,604
Increase (Decrease) in Stockholders' Equity
Common stock issued on grant of restricted stock (net of forfeitures), exercise of stock options and warrants, and tax benefits of equity awards	(355)		(355)		(355)
Common stock issued on grant of restricted stock (net of forfeitures), exercise of stock options and warrants, and tax benefits of equity awards (in shares)				232
Stock-based compensation expense	2,145		2,145		2,145
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	(4,324)	(460)	(3,864)		(3,666)		(198)			(198)
Comprehensive income (loss):
Net income (loss)	(14,535)	(356)	(14,179)			(14,179)
Total Other Comprehensive Loss	(102)	23	(125)				(1,113)	0	0	(125)	988
COMPREHENSIVE INCOME (LOSS)	(14,637)	(333)	(14,304)
BALANCE at Jan. 31, 2017	$ 321,179	$ 0	$ 321,179		$ 240,615	$ 85,347	$ (6,810)	$ 2,711	$ 0	$ (4,783)	$ (684)
BALANCE (in shares) at Jan. 31, 2017				21,836

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
OPERATING ACTIVITIES
Net Income (Loss) Including Noncontrolling Interest	$ (14,535)	$ (38,229)	$ (33,417)
Adjustments to reconcile net loss including noncontrolling interest to net cash provided by operating activities
Depreciation and amortization	26,868	28,538	31,768
Impairment of goodwill, intangible assets and long-lived assets	4,410	6,903	31,225
Deferred income taxes	(2,841)	(9,171)	(14,837)
Stock-based compensation expense	2,145	2,103	2,135
Noncash interest expense	5,314	6,717	4,723
Unrealized foreign currency (gain) loss on loans to international subsidiaries	282	(179)	5,788
Gain (Loss) on Repurchase of Debt Instrument	(3,130)	0	0
Other, net	(1,207)	(517)	90
Changes in assets and liabilities, net of purchase of equipment dealerships assets and assumption of liabilities
Receivables, prepaid expenses and other assets	(1,885)	24,326	25,395
Inventories	211,793	196,983	171,595
Manufacturer floorplan payable	(95,341)	45,005	(157,352)
Accounts payable, customer deposits, accrued expenses and other long-term liabilities	1,824	(14,318)	(29,603)
Income taxes	7,300	(16,277)	3,548
Net Cash Provided by Operating Activities	140,997	231,884	41,058
INVESTING ACTIVITIES
Rental fleet purchases	(3,137)	(341)	(806)
Property and equipment purchases (excluding rental fleet)	(9,288)	(8,070)	(16,206)
Proceeds from sale of property and equipment	2,388	7,777	16,803
Purchase of equipment dealerships, net of cash purchased			(584)
Proceeds upon settlement of net investment hedge derivative instruments	0	337	5,840
Payments upon settlement of net investment hedge derivative instruments	0	(23)	(915)
Other, net	(519)	194	271
Proceeds from Insurance Settlement, Investing Activities	1,431	0	0
Net Cash Provided by (Used for) Investing Activities	(9,125)	(126)	4,403
FINANCING ACTIVITIES
Net change in non-manufacturer floorplan payable	(116,558)	(221,912)	41,114
Repayments of Convertible Debt	(46,013)	0	0
Proceeds from long-term debt borrowings	14,009	72,907	113,000
Principal payments on long-term debt	(17,199)	(116,876)	(140,728)
Loan provided to non-controlling interest holder	(2,148)		(3,748)
Payment of debt issuance costs	(34)	(3,397)	(581)
Other, net	(33)	322	(53)
Net Cash Provided by (Used for) Financing Activities	(167,976)	(268,956)	9,004
Effect of Exchange Rate Changes on Cash	(210)	(865)	(1,179)
Net Change in Cash	(36,314)	(38,063)	53,286
Cash at Beginning of Period	89,465	127,528	74,242
Cash at End of Period	53,151	89,465	127,528
Cash paid during the period
Income taxes, net of refunds	(13,086)	7,324	6,369
Interest	20,782	25,840	30,044
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES
Net property and equipment financed with long-term debt, accounts payable and accrued liabilities	2,496	12,156	3,829
Long-term debt extinguished upon sale of property and equipment	0	3,315	0
Net transfer of assets to (from) property and equipment from (to) inventories	(7,454)	(3,912)	8,128
Acquisition of noncontrolling interest through satisfaction of outstanding receivables	$ 4,324	$ 0	$ 0

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jan. 31, 2017

Accounting Policies [Abstract]

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Titan Machinery Inc. (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.

Seasonality

The agricultural and construction equipment businesses are highly seasonal, which causes the Company's quarterly results and cash flow to fluctuate during the year. The Company's customers generally purchase and rent equipment in preparation for, or in conjunction with, their busy seasons, which for farmers are the spring planting and fall harvesting seasons, and for Construction customers is dependent on weather seasons in their respective regions, which is typically the second and third quarters of the Company's fiscal year for much of its Construction footprint. The Company's parts and service revenues are typically highest during its customers' busy seasons as well, due to the increased use of their equipment during this time, which generates the need for more parts and service work. However, weather conditions impact the timing of our customers' busy times, which may cause the Company's quarterly financial results to differ between fiscal years. In addition, the fourth quarter typically is a significant period for equipment sales in the U.S. because of our customers’ year-end tax planning considerations, the timing of dealer incentives and the increase in availability of funds from completed harvests and construction projects.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All significant accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.

In June 2016, the Company acquired all of the outstanding ownership interest held by the noncontrolling interest holder of the Company's Bulgarian subsidiary. Total consideration, which amounted to $4.3 million, was in the form of the satisfaction of outstanding receivables owed to the Company by the noncontrolling interest holder. As the Company had a controlling interest in the Bulgarian subsidiary prior to the acquisition, the acquisition was accounted for as an equity transaction which resulted in a decrease in the Company's additional paid-in capital in the amount of $3.7 million and a decrease in the Company's accumulated other comprehensive income in the amount of $0.2 million. Subsequent to this acquisition, all of the Company's subsidiaries are wholly-owned.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 of intangible assets, collectability of receivables, and income taxes.

Concentrations of Credit Risk

The Company's sales are to agricultural and construction equipment customers principally in the states and European countries in which its stores are located. The Company extends credit to its customers in the ordinary course of business and monitors its customers' financial condition to minimize its risks associated with trade receivables; however, the Company does not generally require collateral on trade receivables.

The Company's cash balances are maintained in bank deposit accounts, which, at times, are in excess of federally insured limits.

Concentrations in Operations

The Company currently purchases new equipment, rental equipment and the related parts from a limited number of manufacturers. Although no change in suppliers is anticipated, the occurrence of such a change could cause a possible loss of sales and adversely affect operating results. The Company is the holder of authorized dealerships granted by CNH Industrial America, LLC and CNHI International SA (collectively referred to "CNH Industrial") whereby it has the right to act as an authorized dealer for the entities' equipment. The dealership authorizations and floorplan payable facilities can be canceled by the respective entity if the Company does not observe certain established guidelines and covenants.

In addition, the Company believes that the following factors related to concentrations in suppliers, and in particular CNH Industrial, have a significant impact on its operating results:

•CNH Industrial's product offerings, reputation and market share

•CNH Industrial's product prices and incentive and discount programs

•Supply of inventory from CNH Industrial

•CNH Industrial provides floorplan payable financing for the purchase of a substantial portion of its inventory


•	CNH Industrial provides a significant percentage of the financing used by its customers to purchase CNH Industrial equipment from the Company.

Receivables and Credit Policy

Trade accounts receivable due from customers are uncollateralized customer obligations due under normal trade terms requiring payment within 30 days from the invoice date. Balances unpaid after 30 days are considered past due and begin to accrue interest. Payments of trade receivables are allocated to the specific invoices identified on the customer's remittance advice or, if unspecified, are applied to the earliest unpaid invoices. Trade accounts receivable due from manufacturers relate to discount programs, incentive programs and repair services performed on equipment with a remaining factory warranty. Trade accounts receivable due from finance companies primarily consist of contracts in transit with finance companies and balances due from credit card companies. These receivables do not generally have established payment terms but are collected in relatively short time periods. Unbilled receivables represent unbilled labor hours incurred and parts inventories consumed during the performance of service arrangements for our customers at their retail, or billable, rates.

The Company revised the classification of unbilled receivables for labor hours incurred and parts inventories consumed during the performance of service arrangements for our customers of approximately $9.0 million as of January 31, 2016 from inventories to receivables in the consolidated balance sheet for consistency and comparability with the January 31, 2017 presentation. This revision in classification had no impact on previously reported current or total assets, net income (loss) or cash flows from operating, investing or financing activities and was immaterial to the consolidated financial statements.

The carrying amount of trade receivables is reduced by a valuation allowance that reflects management's best estimate of the amounts that will not be collected. Management reviews aged receivable balances and estimates the portion, if any, of the balance that will not be collected. Account balances are charged off after all appropriate means of collection have been exhausted and the potential for recovery is considered remote.

Inventories

New and used equipment are stated at the lower of cost (specific identification) or market value with adjustments for decreases in market value on inventory rented but available for sale, estimated as a percentage of the rental income received on such inventory. All new and used equipment inventories, including that which has been rented, are subject to periodic lower of cost or market evaluation that considers various factors including aging of equipment and market conditions. Equipment inventory values are adjusted whenever the carrying amount exceeds the estimated market value. Parts inventories are valued at the lower of average cost or market value. The Company estimates its lower of cost or market adjustments on its parts inventories based on various factors including aging and sales of each type of parts inventory. Work in process represents costs incurred in the reconditioning and preparation for sale of our equipment inventories.

Property and Equipment

Property and equipment is carried at cost less accumulated depreciation and amortization. Depreciation and amortization are computed on a straight-line basis over the estimated useful life of each asset, as summarized below:



Buildings and leasehold improvements	Lesser of 10 - 40 years or lease term
Machinery and equipment	3 - 10 years
Furniture and fixtures	3 - 10 years
Vehicles	5 - 10 years
Rental fleet	3 - 10 years

Depreciation for income tax reporting purposes is computed using accelerated methods.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the net assets, including identifiable intangible assets, of the businesses acquired. Goodwill is not amortized, but is tested for impairment annually, or more frequently upon the occurrence of certain events or when circumstances indicate that impairment may be present. The Company performs its annual impairment test as of the end of its fiscal year.

Goodwill is tested for impairment at the reporting unit level. A reporting unit is defined as an operating segment or one level below an operating segment (referred to as a component). A component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component. The goodwill impairment analysis is performed under a two-step impairment model. Step one of the analysis compares the estimated fair value of a reporting unit to its carrying value. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired and the second step of the impairment test is unnecessary. However, if the carrying amount of a reporting unit exceeds its fair value, the second step of the impairment test is performed to measure the amount of impairment, if any. The second step measures the amount of impairment loss, if any, by comparing the implied fair value of goodwill, which is estimated by comparing the estimated fair value of the reporting unit as a whole to the fair value of the underlying assets and liabilities of the reporting unit. An impairment charge is recognized for any excess of the carrying value of goodwill over the implied fair value. All of the Company's previously recorded goodwill was fully impaired as of January 31, 2015. See Note 5 for details and results of the Company's impairment testing.

Intangible Assets

Intangible assets with a finite life consist of customer relationships and covenants not to compete, and are carried at cost less accumulated amortization. The Company amortizes the cost of identified intangible assets on a straight-line basis over the expected period of benefit, which is three years for customer relationships and the contractual term for covenants not to compete, which range from five to ten years.

Intangible assets with an indefinite life consist of distribution rights with manufacturers. Distribution rights are classified as an indefinite-lived intangible asset because the Company's distribution agreements continue indefinitely by their terms, or are routinely awarded or renewed without substantial cost or material modifications to the underlying agreements. As such, the Company believes that its distribution rights intangible assets will contribute to its cash flows for an indefinite period; therefore, the carrying amount of distribution rights is not amortized, but is tested for impairment annually, or more frequently upon the occurrence of certain events or when circumstances indicate that impairment may be present. The Company performs its annual impairment test as of December 31st of each year. The impairment test is performed by comparing the carrying value to its estimated fair value. See Note 5 for details and results of the Company's impairment testing in the years ended January 31, 2017, 2016 and 2015.

Impairment of Long-Lived Assets

The Company's long-lived assets consist of its intangible assets and property and equipment. These assets are reviewed for potential impairment when events or circumstances indicate that the carrying value may not be recoverable. Recoverability is measured by comparing the estimated future undiscounted cash flows of such assets to their carrying values. If the estimated undiscounted cash flows exceed the carrying value, the carrying value is considered recoverable and no impairment recognition is required. However, if the sum of the undiscounted cash flows is less than the carrying value of the asset, the second step of the impairment analysis must be performed to measure the amount of the impairment, if any. The second step of the impairment analysis compares the estimated fair value of the long-lived asset to its carrying value and any amount by which the carrying value exceeds the fair value is recognized as an impairment charge. All impairment charges recognized are included in the Impairment of Intangibles and Long-Lived Assets amount in the consolidated statements of operations.

When reviewing long-lived assets for impairment, we group long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. Long-lived assets deployed and used by individual store locations are reviewed for impairment at the individual store level. Other long-lived assets shared across stores within a segment or shared across segments are reviewed for impairment on a segment or consolidated level as appropriate.

During the year ended January 31, 2017, the Company determined that certain events or circumstances, including a current period operating loss combined with historical losses and anticipated future operating losses, or an expectation that a long-lived asset will be disposed of before the end of its previously estimated useful life, within certain of its stores was an indication that the long-lived assets of these stores may not be recoverable. In light of these circumstances, the Company performed step one of the long-lived asset impairment analysis for these assets which have a combined carrying value of $15.5 million. In certain cases, the analyses indicated that the carrying value is not recoverable. The aggregate carrying value of such assets totaled $9.6 million. Based on this conclusion, the Company performed step two of the impairment analysis and estimated the fair value of these assets primarily using market and income approaches. Step two of the analysis indicated than an impairment charge in the amount $4.4 million was necessary, of which $1.9 million related to the Agriculture segment, $2.2 million related to the Construction segment and $0.3 million related to the International segment. In all other cases, in which the aggregate carrying value of such assets totaled $5.9 million, the Company's analyses indicated that the carrying values are recoverable based on its estimates of future undiscounted cash flows under step one of the impairment analysis.

We performed similar impairment analyses during the fiscal years ended January 31, 2016 and 2015. The Company recognized impairment charges totaling $6.9 million on long-lived assets during the year ended January 31, 2016, of which $4.0 million related to the Agriculture segment, $2.8 million related to the Construction segment and $0.1 million related to the Shared Resource Center. The Company recognized impairment charges totaling $1.0 million on long-lived assets during the year ended January 31, 2015, of which $0.6 million related to the Agriculture segment, $0.3 million related to the Construction segment and $0.1 million related to the International segment.

Derivative Instruments

In the normal course of business, the Company is subject to risk from adverse fluctuations in foreign currency exchange rates and benchmark interest rates. The Company manages its market risk exposures through a program that includes the use of derivative instruments, primarily foreign exchange forward contracts and interest rate derivatives. The Company's objective in managing its exposure to market risk is to minimize the impact on earnings, cash flows and the consolidated balance sheet. The Company does not use derivative instruments for trading or speculative purposes.

All outstanding derivative instruments are recognized in the consolidated balance sheet at fair value. The effect on earnings from recognizing the fair value of the derivative instrument depends on its intended use, the hedge designation, and the effectiveness in offsetting the exposure of the underlying hedged item. Changes in fair values of instruments designated to reduce or eliminate fluctuations in the fair values of recognized assets and liabilities and unrecognized firm commitments are reported currently in earnings along with the change in the fair value of the hedged items. Changes in the effective portion of the fair values of derivative instruments used to reduce or eliminate fluctuations in cash flows of forecasted transactions are reported in other comprehensive income (loss), a component of stockholders' equity. Amounts accumulated in other comprehensive income (loss) are reclassified to earnings when the related hedged items affect earnings or the anticipated transactions are no longer probable. Changes in the fair value of derivative instruments designated to reduce or eliminate fluctuations in the net investment of a foreign subsidiary are reported in other comprehensive income. Changes in the fair value of derivative instruments that are not designated as hedging instruments or do not qualify for hedge accounting treatment are reported currently in earnings. The cash flows related to derivative instruments that are accounted for as cash flow hedges are classified in the same category on the consolidated statements of cash flow as the cash flows from the items being hedged.

For derivative instruments accounted for as hedging instruments, the Company formally designates and documents, at inception, the instrument as a hedge of a specific underlying exposure, the risk management objective and the manner by which the effectiveness of the hedging instrument will be evaluated. At each reporting period after inception, the Company evaluates the hedging instrument's effectiveness in reducing or eliminating the underlying hedged exposure. Any hedge ineffectiveness is recognized in earnings immediately.

Fair Value Measurements

Fair value is defined as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Three levels of inputs may be used to measure fair value:

Level 1—Values derived from unadjusted quoted prices in active markets for identical assets and liabilities.

Level 2—Values derived from observable inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets in markets that are not active.

Level 3—Values derived from unobservable inputs for which there is little or no market data available, thereby requiring the reporting entity to develop its own assumptions.

In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety.

Customer Deposits

Customer deposits consist of advance payments from customers, in the form of cash or equipment to be traded-in.

Income Taxes

The Company uses the asset and liability method to account for income taxes. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that a portion or all of the deferred tax assets will not be realized. Changes in valuation allowances are included in its provision for income taxes in the period of the change. Deferred tax assets and liabilities are netted by taxing jurisdiction and presented as either a net asset or liability position, as applicable, on the consolidated balance sheets.

The Company recognizes the financial statement benefit of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured as the largest amount that has a greater than 50% likelihood of being realized. Changes in the recognition or measurement of such positions are reflected in its provision for income taxes in the period of the change. The Company's policy is to recognize interest and penalties related to income tax matters within its provision for income taxes.

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 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 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. All anti-dilutive securities were excluded from the computation of diluted EPS.

The following table sets forth the calculation of the denominator for basic and diluted EPS:



	2017			2016			2015
	(in thousands, except per share data)
Basic Weighted-Average Common Shares Outstanding	21,294			21,111			20,989
Plus: Incremental Shares From Assumed Exercise of Stock Options	—			—			—
Diluted Weighted-Average Common Shares Outstanding	21,294			21,111			20,989

Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding
Stock Options	139			174			221
Shares Underlying Senior Convertible Notes (conversion price of $43.17)	2,217			3,474			3,474

Earnings (Loss) per Share - Basic	$	(0.65	)	$	(1.76	)	$	(1.51	)
Earnings (Loss) per Share - Diluted	$	(0.65	)	$	(1.76	)	$	(1.51	)

Revenue Recognition

Equipment revenue is generally recognized upon receipt of a signed sales contract and delivery of product to customers. In addition to outright sales of new and used equipment, certain rental agreements may include rent-to-purchase options. Under these agreements, customers are given a period of time to exercise an option to purchase the related equipment, with a portion of the rental payments being applied to reduce the purchase price. Payments received during the rental period are recorded as rental revenue. Any such equipment is included in inventory until the purchase option is exercised, and the carrying value of the equipment is reduced in accordance with the Company's aforementioned policy. Equipment revenue is recognized upon the exercise of the purchase option. Parts revenue is recognized upon delivery of product to customers. Service revenue is recognized at the time the related services are provided. Rental revenue is recognized over the period of the related rental agreement.

Sales, Excise and Value Added Taxes

The Company has customers in states and municipalities in which those governmental units impose a sales tax on certain sales. The U.S. federal government imposes excise taxes on certain sales. Certain governments of the foreign countries in which the Company operates impose value added taxes on certain sales. The Company collects those sales and excise taxes from its customers and remits the entire amount to the various governmental units. The Company's accounting policy is to exclude the tax collected and remitted from revenue and cost of revenue.

Shipping and Handling Costs

Shipping and handling costs are recorded as cost of revenue and amounts billed to customers for shipping and handling costs are recorded in revenue.

Lessor Accounting

The Company leases equipment from its rental fleet and equipment inventory to customers on operating leases over periods primarily less than one year. These leases require a minimum rental payment and contingent rental payment based on machine hours. Rental revenue totaled $50.5 million, $61.4 million and $73.7 million for the years ended January 31, 2017, 2016 and 2015. As of January 31, 2017, the Company had $124.4 million of rental fleet included in property and equipment and accumulated depreciation of $49.3 million. As of January 31, 2016, the Company had $137.8 million of rental fleet included in property and equipment and accumulated depreciation of $47.3 million.

Construction of Leased Assets and Sale-Leaseback Accounting

The Company from time to time performs construction projects on its store locations, which are recorded as property and equipment in the consolidated balance sheet during the construction period. Upon completion, these assets are either placed in service, at which point the depreciation of the asset commences, or are part of a sale-leaseback transaction with a third-party buyer/lessor. In certain other situations the Company enters into build-to-suit construction projects with third-party lessors. Under the applicable lease accounting rules, certain forms of lessee involvement in the construction of the leased asset deem the Company to be the owner of the leased asset during the construction period and requires capitalization of the lessor's total project costs on the consolidated balance sheet with the recognition of a corresponding financing obligation. Upon completion of a project for which the constructed assets are sold to a buyer/lessor or a build-to suit construction project, the Company performs a sale-leaseback analysis to determine if the asset and related financing obligation can be derecognized from the consolidated balance sheet. Certain provisions in a number of our lease agreements, primarily provisions regarding repurchase options, are deemed to be continuing involvement in the sold asset which precludes sale recognition. In such cases, the asset remains on the consolidated balance sheet under property and equipment and the proceeds received in the sale-leaseback transaction are recognized as a financing obligation under long-term debt in the consolidated balance sheet. Both the asset and the financing obligation are amortized over the lease term. In instances in which the Company has no continuing involvement in the sold asset, the criteria for sale recognition are met and the asset and any related financing obligation are derecognized from the consolidated balance sheet, and the lease is analyzed for proper accounting treatment as either an operating or capital lease.

See Note 8 for balances of outstanding financing obligations.

Manufacturer Incentives and Discounts

The Company receives various manufacturer incentives and discounts, which are based on a variety of factors. Discounts and incentives related to the purchase of inventory are recognized as a reduction of inventory prices and recognized as a reduction of cost of revenue when the related inventory is sold. Other incentives, reflecting reimbursement of qualifying expenses, are recognized as a reduction of the related expense when earned.

Advertising Costs

Costs incurred for producing and distributing advertising are expensed as incurred. Advertising expense amounted to $2.9 million, $3.3 million and $5.5 million for the years ended January 31, 2017, 2016 and 2015.

Comprehensive Income and Foreign Currency Matters

For the Company, comprehensive income represents net income adjusted for foreign currency items, including foreign currency translation adjustments and unrealized gains or losses on net investment hedge, interest rate and cash flow derivative instruments. For its foreign subsidiaries in which their local currency is their functional currency, assets and liabilities are translated into U.S. dollars at the balance sheet date exchange rate. Income and expenses are translated at average exchange rates for the year. Foreign currency translation adjustments are recorded directly as other comprehensive income (loss), a component of stockholders' equity. For its foreign subsidiaries in which the local currency is not the functional currency, prior to translation into U.S. dollars, amounts must first be remeasured from the local currency into the functional currency. Nonmonetary assets and liabilities are remeasured at historical exchange rates and monetary assets and liabilities are remeasured at the balance sheet date exchange rate. Income and expenses are remeasured at average exchange rates for the year. Foreign currency remeasurement adjustments are included in the statement of operations.

The Company recognized, in interest income and other income (expense) in its consolidated statements of operations, a net foreign currency transaction loss of $0.7 million, $3.8 million and $12.3 million for the fiscal years ended January 31, 2017, 2016 and 2015. These foreign currency transaction losses primarily arise from intercompany loans provided to the Company’s foreign subsidiaries and remeasurement losses resulting from the devaluation of the Ukrainian hryvnia. The Company hedges its intercompany loans balances, the gains and losses on such instruments are disclosed in Note 9 and substantially offset the foreign currency gains or losses arising from these intercompany loans. The net foreign currency loss arising from Ukrainian hryvnia remeasurements amounted to $0.3 million, $2.5 million and $5.8 million for the fiscal years ended January 31, 2017, 2016 and 2015.

Stock-Based Compensation

The Company accounts for stock-based compensation at the fair value of the related equity instrument over the applicable service or performance period. Additional information regarding stock-based compensation is summarized in Note 16.

Business Combinations

The Company accounts for business combinations by allocating the purchase price amongst the assets acquired, including identifiable intangible assets, and liabilities assumed based on the fair values of the acquired assets and assumed liabilities. The acquisition accounting is finalized during the measurement period, which may not exceed one year from the date of acquisition. During the measurement period the Company's accounting for the business combination transaction may be based on estimates due to various unknown factors present at the date of acquisition.

Exit and Disposal Costs

Costs related to exit or disposal activities, including store closures, for the Company primarily include lease termination costs, employee termination benefits and other costs associated with moving assets and vacating the stores. The Company records a liability at the net present value of the remaining lease obligations, net of estimated sublease income, as of the date the Company ceases using the property. Any subsequent adjustments to that liability as a result of changes in estimates are recorded in the period incurred. The Company records a liability for employee termination costs at the date the termination benefits were communicated to the employees. Other related costs are expensed as incurred. Information regarding such transactions is disclosed in Note 20.

Segment Reporting

The Company operates its business in three reportable segments, the Agriculture, Construction and International segments. Information regarding these segments is disclosed in Note 21.

Recent Accounting Guidance

In May 2014 and August 2015, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, Revenue from Contracts with Customers. This guidance has been amended on various occasions and 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. The Company will adopt this guidance on February 1, 2018. We are still evaluating whether to use a full retrospective or a modified retrospective approach to adopt this standard. We are in process of quantifying the impact this guidance will have on our consolidated financial statements, but at this time we do not expect adoption of the standard will have a material impact on our revenue recognition policies for our equipment and parts revenues. We are currently evaluating the potential impact adoption of this standard will have, if any, on our service revenue transactions. This guidance does not apply to the recognition of our rental revenues, as the accounting for such revenues is governed by other authoritative guidance.

In July 2015, the FASB amended authoritative guidance on accounting for the measurement of inventory, codified in ASC 330, Inventory. The amended guidance requires inventory to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The Company will adopt this guidance on February 1, 2017. Under the current guidance for measuring inventory, the Company recognizes lower of-cost-or-market adjustments using a definition of market value as net realizable value reduced by an allowance for a normal profit margin. Upon implementation of the new authoritative guidance, market is defined solely as net realizable value. The Company does not anticipate that the adoption of this guidance will have a material effect on the consolidated financial statements.

In February 2016, the FASB amended authoritative guidance on leases, codified in ASC 842, Leases. The amended guidance requires lessees to recognize most leases on their balance sheets related to the rights and obligations created by those leases. The new standard also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. This guidance is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The provisions of this guidance are to be applied using a modified retrospective approach, with elective reliefs, which requires application of the guidance for all periods presented. We anticipate adopting the new standard on February 1, 2019, and expect to elect the package of practical expedients afforded under the guidance, including the use of hindsight to determine the lease term. We anticipate this standard will have a material impact on our consolidated balance sheets due to the capitalization of a right-of-use asset and lease liability associated with our current operating leases, but do not believe it will have a material impact on our consolidated statements of operations or cash flows.

In March 2016, the FASB amended authoritative guidance on stock-based compensation, codified in ASC 718, Compensation - Stock Compensation. The amended guidance changes the accounting for certain aspects of share-based payments, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statements of cash flows. This guidance is effective for the Company on February 1, 2017. The manner of application varies by the various provisions of the guidance, with certain provisions applied on a retrospective or modified retrospective approach, while others are applied prospectively. The adoption of this standard will impact our consolidated balance sheets and consolidated statements of operations and cash flows. At this time, the Company does not anticipate that adoption of this guidance will have a material impact on our consolidated financial statements, but the magnitude of the impact is dependent upon the volatility in our stock price, future grants of share-based payments, and the exercise or forfeiture behaviors of our share-based payment recipients.

RECEIVABLES

12 Months Ended

Jan. 31, 2017

Receivables [Abstract]

RECEIVABLES



	January 31, 2017			January 31, 2016
	(in thousands)
Trade accounts receivable
Due from customers	$	31,636		$	29,251
Due from finance companies	14,319			19,250
Due from manufacturers	9,107			11,642
Unbilled receivables due from customers	8,650			8,982
Total trade accounts receivable	63,712			69,125
Less allowance for doubtful accounts	(3,630		)	(3,591		)
	$	60,082		$	65,534

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

INVENTORIES

12 Months Ended

Jan. 31, 2017

Inventory Disclosure [Abstract]

INVENTORIES



	January 31, 2017		January 31, 2016
	(in thousands)
New equipment	$	235,161	$	323,393
Used equipment	160,503		267,893
Parts and attachments	81,734		87,807
Work in process	868		1,389
	$	478,266	$	680,482

During the fourth quarter of the year ended January 31, 2016, the Company determined it would market certain aged equipment through alternative channels rather than through its normal retail channels, in an effort to reduce its equipment inventory levels. As a result of anticipated lower revenue amounts from this aggressive retailing, in addition to its usual lower of cost or market valuation adjustments, the Company recorded an inventory impairment charge of $27.5 million to equipment cost of revenue, of which $11.4 million related to the Agriculture segment, $15.9 million related to the Construction segment and $0.2 million related to the International segment.

PROPERTY AND EQUIPMENT

12 Months Ended

Jan. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT



	January 31, 2017			January 31, 2016
	(in thousands)
Rental fleet equipment	$	124,417		$	137,754
Machinery and equipment	22,255			23,051
Vehicles	36,384			36,537
Furniture and fixtures	39,875			38,149
Land, buildings, and leasehold improvements	59,481			63,460
	282,412			298,951
Less accumulated depreciation	(125,765		)	(115,772		)
	$	156,647		$	183,179

Depreciation expense amounted to $26.7 million, $28.2 million and $31.2 million for the years ended January 31, 2017, 2016 and 2015. The Company had assets related to sale-leaseback financing obligations and capital leases associated with real estate of store locations, which are included in the land, buildings and leasehold improvements balance above. Such assets had gross carrying values totaling $24.9 million and $25.4 million, and accumulated amortization balances totaling $3.6 million and $2.2 million, as of January 31, 2017 and 2016.

INTANGIBLE ASSETS AND GOODWILL

12 Months Ended

Jan. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND GOODWILL

The following is a summary of intangible assets with finite lives as of January 31, 2017 and 2016:



	January 31, 2017							January 31, 2016
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
	(in thousands)							(in thousands)
Covenants not to compete	$	970	$	(851	)	$	119	$	972	$	(720	)	$	252
	$	970	$	(851	)	$	119	$	972	$	(720	)	$	252

Amortization expense was $0.1 million, $0.3 million and $0.6 million for the years ended January 31, 2017, 2016 and 2015. Future amortization expense, as of January 31, 2017, is expected to be as follows:



Years ending January 31,	Amount
	(in thousands)
2018	$	73
2019	27
2020	15
2021	4
2022	—
	$	119

The value of indefinite lived intangible assets, which consist entirely of distribution rights, was $4.9 million as of January 31, 2017 and 2016, of which $4.8 million related to the Agriculture segment and $0.1 million related to the Construction segment. There were no changes in they carrying amounts during fiscal 2017 or 2016.

The Company performs the annual impairment testing of its indefinite lived distribution rights intangible assets as of December 31st of each year. Under the impairment test, the fair value of distribution rights intangible assets is estimated based on a multi-period excess earnings model, an income approach. This model allocates future estimated earnings of the store/complex amongst working capital, fixed assets and other intangible assets of the store/complex and any remaining earnings (the “excess earnings”) are allocated to the distribution rights intangible assets. The earnings allocated to the distribution rights are then discounted to arrive at the present value of the future estimated excess earnings, which represents the estimated fair value of the distribution rights intangible asset. The discount rate applied reflects the Company's estimate of the weighted-average cost of capital of comparable companies plus an additional risk premium to reflect the additional risk inherent in the distribution right asset.

The results of the Company's impairment testing for the year ended January 31, 2017 and January 31, 2016, indicated that no impairment charges were necessary.

The results of the Company's impairment testing for the year ended January 31, 2015 indicated that the estimated fair value of certain distribution rights assets approximated zero, thus requiring a full impairment charge equal to the carrying values of such assets. An impairment charge of $5.5 million was recognized and included in the Impairment of Intangibles and Long-Lived Assets amount in the consolidated statements of operations during the year ended January 31, 2015. The impairment charges arose as the result of lowered expectations of the future financial performance of these stores/complexes. The Company's assumptions about future financial performance were impacted by the current year operating performance of these stores/complexes and by the anticipated impact that challenging industry conditions may have on the future financial performance of these stores/complexes.

As of January 31, 2015, the Company no longer held a balance related to goodwill. The Company performed its annual impairment testing of goodwill at the end of each fiscal year in which it carried a goodwill balance. Under the impairment test, the fair value of its reporting units is estimated using both a market approach which applies multiples of earnings before interest, taxes, depreciation and amortization of comparable guideline public companies to that of the Company's reporting units, and an income approach in which a discounted cash flow analysis is utilized which includes a five-year forecast of future operating performance for each of the reporting units and a terminal value which estimates sustained long-term growth. The discount rate applied to the estimated future cash flows reflects an estimate of the weighted-average cost of capital of comparable companies.

Step one of the goodwill impairment analysis for each of the Company's Agriculture reporting unit and Serbian reporting unit indicated that the estimated fair value of each reporting unit was less than the carrying value, thus requiring the performance of step two of the impairment analysis. In each instance, the second step of the impairment analysis indicated that the implied fair value of the goodwill associated with the reporting unit approximated zero, thus requiring a full impairment charge of the goodwill carrying value of each reporting unit. As such, a total goodwill impairment charge of $24.7 million was recognized as of January 31, 2015 and included in the Impairment of Goodwill amount in the consolidated statements of operations. The impairment charges recognized during the year ended January 31, 2015 within the Agriculture and Serbian reporting units arose as the result of lowered expectations of future financial performance of these reporting units and a lower market capitalization for the Company as a whole. The assumptions about future financial performance were impacted by the current year operating performance and by the anticipated impact that challenging industry conditions existing as of the assessment date and anticipated to be present over the near-term may have on the future financial performance of these reporting units.

Accumulated impairment losses totaled $31.0 million, as of January 31, 2017, 2016 and 2015.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

FLOORPLAN PAYABLE/LINES OF CREDIT	12 Months Ended
FLOORPLAN PAYABLE/LINES OF CREDIT	Jan. 31, 2017
Line of Credit Facility [Abstract]
FLOORPLAN PAYABLE/LINES OF CREDIT	FLOORPLAN PAYABLE/LINES OF CREDIT Floorplan payable balances reflect the amount owed for new equipment inventory purchased from a manufacturer and used equipment inventory, which is primarily purchased through trade-in on equipment sales, net of unamortized debt issuance costs incurred for floorplan credit facilities. 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's captive finance subsidiary, 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 January 31, 2017, the Company had discretionary floorplan lines of credit for equipment inventory purchases totaling $842.5 million, which includes a $210.0 million floorplan payable line of credit 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 $90.0 million credit facility with DLL Finance LLC ("DLL Finance") and the U.S. dollar equivalent of $92.5 million in credit facilities related to our foreign subsidiaries. Floorplan payables relating to these credit facilities totaled approximately $228.3 million of the total floorplan payable balance of $233.2 million outstanding as of January 31, 2017 and $420.7 million of the total floorplan payable balance of $444.8 million outstanding as of January 31, 2016. The remaining outstanding balances relate to equipment inventory financing from manufacturers and non-manufacturer lenders other than the lines of credit described above. As of January 31, 2017, the interest-bearing U.S. floorplan payables carried various interest rates primarily ranging from 2.78% to 6.24%, and the foreign floorplan payables carried various interest rates primarily ranging from 1.5% to 7.7%. As of January 31, 2017, the Company had a compensating balance arrangement under one of its foreign floorplan credit facilities which requires a minimum cash deposit to be maintained with the lender in the amount of $5.0 million for the term of the credit facility. The following provides additional information regarding each of the Company's three significant floorplan lines of credit. The outstanding balances on these floorplan lines of credit with Wells Fargo, CNH Industrial Capital and DLL Finance were $87.0 million, $85.2 million and $10.8 million as of January 31, 2017, and $101.0 million, $155.6 million and $109.5 million as of January 31, 2016. Wells Fargo Credit Agreement - Floorplan Payable and Working Capital Lines of Credit As of January 31, 2017, the Company had a second amended and restated credit agreement with Wells Fargo (the "Credit Agreement"), which provides for a $210.0 million wholesale floorplan line of credit (the "Floorplan Payable Line") and a $65.0 million working capital line of credit (the "Working Capital Line"). The amount available under the Floorplan Payable Line is reduced by amounts outstanding, borrowing base calculations and outstanding standby letters of credit. The Credit Agreement has a variable interest rate on outstanding balances and has a 0.25% to 0.375% non-usage fee on the average monthly unused amount and requires monthly payments of accrued interest. The Company elects at the time of any advance to choose a Base Rate Loan or a LIBOR Rate Loan. The LIBOR Rate is for the duration of one month, two month, or three month LIBOR rate at the time of the loan, as chosen by the Company. The Base Rate is the greatest of (a) the Federal Funds Rate plus 0.5%, (b) the one month LIBOR Rate plus 1%, and (c) the prime rate of interest announced, from time to time, within Wells Fargo. The applicable margin rate is determined based on excess availability under the Credit Agreement and ranges from 0.75% to 1.5% for Base Rate Loans and 1.75% to 2.50% for LIBOR Rate Loans. The Credit Agreement is secured by substantially all our assets and requires the Company to maintain a fixed charge coverage ratio of at least 1.10:1.00 if adjusted excess availability plus eligible cash collateral is less than 15% of the total amount of the credit facility. Based on our adjusted excess availability and cash collateral, we were not subject to the fixed charge coverage ratio as of January 31, 2017. The Credit Agreement also includes various non-financial covenants, including, under certain conditions, restricting the Company’s ability to make certain cash payments, including for cash dividends and stock repurchases, restricting the Company’s ability to issue equity instruments, restricting the Company’s ability to complete acquisitions or divestitures, and limiting the Company's ability to incur new indebtedness. The provisions in the Credit Agreement restricting the Company from making certain cash payments, including for cash dividends and stock repurchases, provide that no such payments may be made unless, (i) as of the date of such payment there is no default or event of default occurring and continuing, (ii) the amount remaining available to be borrowed by the Company under the Credit Agreement is greater than twenty percent of the total borrowing capacity under the Credit Agreement and (iii) the Company's fixed charge coverage ratio for the 12 month period most recently ended, on a pro forma basis assuming that such proposed cash payment has been made, is at least 1.1 to 1.0. As of January 31, 2017, under the provisions of the Credit Agreement, the Company had an unrestricted dividend availability of approximately $24.0 million. The Credit Agreement matures on the earlier of October 28, 2020 or the date that is six months prior to maturity of the Company's existing senior convertible notes unless on such date certain financial covenant tests are met as described in the Credit Agreement. In August 2016, as a result of the Company's equipment inventory reduction and related reduction in floorplan financing needs, the Company provided notice to Wells Fargo of its election to reduce the maximum credit amount available under the Credit Agreement from an aggregate $350.0 million to an aggregate $275.0 million, comprised of a $65.0 million reduction in the Floorplan Payable Line, from $275.0 million to $210.0 million, and a $10.0 million reduction in the Working Capital Line, from $75.0 million to $65.0 million. As a result of the reduction of the maximum credit amount available under the Credit Agreement, in the third quarter of fiscal 2017 the Company wrote-off $0.6 million of capitalized debt issuance costs. This charge is recorded in Other Interest Expense in the consolidated statements of operations. The Floorplan Payable Line is used to finance equipment inventory purchases. Amounts outstanding are recorded as floorplan payable, within current liabilities on the consolidated balance sheets, as the Company intends to repay amounts borrowed within one year. The Working Capital Line is used to finance rental fleet equipment and for general working capital requirements of the Company. Amounts outstanding are recorded as long-term debt, within long-term liabilities on the consolidated balance sheets, as the Company does not have the intention or obligation to repay amounts borrowed within one year. The balances outstanding on the Working Capital Line as of January 31, 2017 and 2016 are disclosed in Note 8. CNH Industrial Capital Floorplan Payable Line of Credit As of January 31, 2017, the Company had a $450.0 million credit facility with CNH Industrial Capital. The available borrowings under the CNH Industrial Capital credit facility are reduced by outstanding floorplan payable and other acquisition-related financing arrangements with CNH Industrial Capital. The CNH Industrial Capital credit facility has interest rates equal to the prime rate plus 4% on new borrowings, subject to any interest-free and reduced interest rate periods offered by CNH Industrial Capital, and automatically renews on August 31st of each year unless earlier terminated by either party. Repayment terms vary by individual notes, but generally payments are made from sales proceeds or rental revenue from the related inventories. The balances outstanding with CNH Industrial Capital are secured by the inventory purchased with the floorplan proceeds. The CNH Industrial Capital credit facility contains financial covenants that impose a maximum level of adjusted debt to tangible net worth of 3.00:1.00 and minimum fixed charge coverage ratio 1.25:1.00. It also contains various restrictive covenants that require prior consent of CNH Industrial Capital if the Company desires to engage in any acquisition of, consolidation or merger with, any other business entity in which the Company is not the surviving company; create subsidiaries; move any collateral outside of the U.S.; or sell, rent, lease or otherwise dispose or transfer any of the collateral, other than in the ordinary course of business. CNH Industrial Capital's consent is also required for the acquisition of any CNH Industrial dealership. In addition, the CNH Industrial Capital credit facility restricts the Company's ability to incur any liens upon any substantial part of its assets. As of January 31, 2017, the Company was in compliance with the adjusted debt to tangible net worth and fixed charge coverage ratio financial covenants under this credit facility. DLL Finance Floorplan Payable Line of Credit As of January 31, 2017, the Company had a $90.0 million credit facility with DLL Finance. The DLL Finance credit facility may be used to purchase or refinance new and used equipment inventory and has a variable interest rate on outstanding balances of one-month LIBOR plus an applicable margin of 4.94% to 5.44% per annum, depending upon the Company's average daily outstanding balance. The DLL Finance credit facility allows for increase, decrease or termination of the credit facility by DLL Finance on 90 days notice. The DLL Finance credit facility contains financial covenants that impose a maximum net leverage ratio of 2.50:1.00 and a minimum fixed charge coverage ratio of 1.25:1.00. The credit facility also requires the Company to obtain prior consent from DLL Finance if the Company desired to engage in any acquisition meeting certain financial thresholds. The balances outstanding with DLL Finance are secured by the inventory purchased with the floorplan proceeds. Repayment terms vary by individual notes, but generally payments are made from sales proceeds or rental revenue from the related inventories. As of January 31, 2017, the Company was in compliance with the net leverage ratio and fixed charge coverage ratio financial covenants under this credit facility. The Company amended its credit facility with DLL Finance during the year ended January 31, 2017, which, among other things, decreased its available borrowings under the credit facility from $172.0 million to $90.0 million, changed the interest rate on outstanding borrowings and modified the minimum fixed charge coverage ratio for each of the interim quarters for the Company's fiscal year ended January 31, 2017. On February 15, 2017, the Company amended its credit facility with DLL Finance to reduce the available borrowings under the credit facility from $90.0 million to $45.0 million.

SENIOR CONVERTIBLE NOTES

12 Months Ended

Jan. 31, 2017

Senior Convertible Notes

SENIOR CONVERTIBLE NOTES

SENIOR CONVERTIBLE NOTES

On April 24, 2012, the Company issued through a private offering $150 million of 3.75% Senior Convertible Notes (the "Senior Convertible Notes"). The Senior Convertible Notes bear interest at a rate of 3.75% per year, payable semi-annually in arrears on May 1 and November 1 of each year, commencing on November 1, 2012. The Convertible Notes mature on May 1, 2019, unless earlier purchased by the Company, redeemed or converted.

The Senior Convertible Notes are unsecured and unsubordinated obligations; rank equal in right of payment to the Company's existing and future unsecured indebtedness that is not subordinated; are effectively subordinated in right of payment to the Company's existing and future secured indebtedness; and are structurally subordinated to all existing and future indebtedness and liabilities of the Company's subsidiaries.

The Senior Convertible Notes are initially convertible into the Company's common stock at a conversion rate of 23.1626 shares of common stock per $1,000 principal amount of convertible notes, representing an initial effective conversion price of $43.17 per share of common stock. The conversion rate may be subject to adjustment upon the occurrence of certain specified events as provided in the indenture governing the Senior Convertible Notes, dated April 24, 2012 between the Company and Wells Fargo Bank, National Association, as trustee (the "Indenture"), but will not be adjusted for accrued but unpaid interest. Upon conversion of a Senior Convertible Note, the Company will settle the conversion obligation in cash up to the aggregate principal amount of the Senior Convertible Note being converted, and any conversion obligation in excess thereof will be settled in cash, shares of the Company's common stock, or a combination thereof, at the Company's election, subject to certain limitations as defined in the Indenture.

Holders of the Senior Convertible Notes may convert their notes at the applicable conversion rate under any of the following circumstances:

During any fiscal quarter commencing after July 31, 2012, if for at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on the last trading day of the immediately preceding fiscal quarter, the last reported sale price of the Company's common stock on such trading day is greater than or equal to 120% of the applicable conversion price on such trading day.

ii.

During the five consecutive business day period immediately following any five consecutive trading day period in which, for each trading day of that period, the trading price per $1,000 principal amount of the Senior Convertible Notes is less than 98% of the product of the last reported sale price of the Company's common stock on such trading day and the applicable conversion rate on such trading day.


iii.	If the Company calls any or all of the Senior Convertible Notes for redemption at any time prior to the close of business on the business day immediately preceding the redemption date.


iv.	Upon the occurrence of corporate transactions specified in the Indenture.


v.	At any time on and after February 1, 2019 until the close of business on the business day immediately preceding the maturity date.

Holders of the Senior Convertible Notes who convert their Senior Convertible Notes in connection with a make-whole fundamental change, as defined in the Indenture, may be entitled to a make-whole premium in the form of an increase to the conversion rate. In addition, upon the occurrence of a fundamental change, as defined in the Indenture, holders of the Senior Convertible Notes may require the Company to purchase all or a portion of their Senior Convertible Notes for cash at a price equal to 100% of the principal amount of the Senior Convertible Notes to be purchased plus any accrued but unpaid interest.

The number of shares the Company may deliver upon conversion of the Senior Convertible Notes will be subject to certain limitations, and the Company is subject to certain other obligations and restrictions related to such share caps, as described in the Indenture. On or after May 6, 2015, the Company may redeem for cash all or a portion of the Senior Convertible Notes if the last reported sale price of the Company's common stock has been at least 120% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption.

The Indenture provides for customary events of default, including, but not limited to, cross acceleration to certain other indebtedness of the Company and its subsidiaries. In the case of an event of default arising from specified events of bankruptcy or insolvency, all outstanding Senior Convertible Notes will become due and payable immediately without further action or notice. If any other event of default under the Indenture occurs or is continuing, the trustee or holders of at least 25% in aggregate principal amount of the then outstanding Senior Convertible Notes may declare all of the Senior Convertible Notes to be due and payable immediately.

In accounting for the Senior Convertible Notes, the Company segregated the liability component of the instrument from the equity component. The liability component was measured by estimating the fair value of a non-convertible debt instrument that is similar in its terms to the Senior Convertible Notes. Fair value was estimated through discounting future interest and principal payments, an income approach, due under the Senior Convertible Notes at a discount rate of 7.00%, an interest rate equal to the estimated borrowing rate for similar non-convertible debt. The excess of the aggregate face value of the Senior Convertible Notes over the estimated fair value of the liability component is recognized as a debt discount which will be amortized over the expected life of the Senior Convertible Notes using the effective interest rate method. Amortization of the debt discount is recognized as non-cash interest expense.

The equity component of the Senior Convertible Notes is measured as the residual difference between the aggregate face value of the Senior Convertible Notes and the estimated aggregate fair value of the liability component. The equity component will not be remeasured in subsequent periods provided that the component continues to meet the conditions necessary for equity classification.

The transaction costs incurred in connection with the issuance of the Senior Convertible Notes were allocated to the liability and equity components based on their relative values. Transaction costs allocated to the liability component are being amortized using the effective interest rate method and recognized as non-cash interest expense over the expected term of the Senior Convertible Notes. Transaction costs allocated to the equity component reduced the value of the equity component recognized in stockholders' equity.

In April and September 2016, the Company repurchased an aggregate of $54.3 million face value ($49.1 million carrying value) of its Senior Convertible Notes with $46.0 million in cash, and recognized a pre-tax gain of approximately $3.1 million. These gains are included in other interest expense in the Consolidated Statements of Operations. As of January 31, 2017 and 2016, the Senior Convertible Notes consisted of the following:



	January 31, 2017			January 31, 2016
	(in thousands, except conversion rate and conversion price)
Principal value	$	95,725		$	150,000
Unamortized debt discount	(6,368		)	(13,946		)
Unamortized debt issuance costs	(856		)	(1,909		)
Carrying value of senior convertible notes	$	88,501		$	134,145

Carrying value of equity component, net of deferred taxes	$	15,546		$	15,546

Conversion rate (shares of common stock per $1,000 principal amount of notes)	23.1626
Conversion price (per share of common stock)	$	43.17

The Company recognized interest expense associated with its Senior Convertible Notes as follows:



	2017		2016		2015
	(in thousands)
Cash Interest Expense
Coupon interest expense	$	4,355	$	5,625	$	5,625
Noncash Interest Expense
Amortization of debt discount	2,849		3,703		3,457
Amortization of transaction costs	439		552		538
	$	7,643	$	9,880	$	9,620

As of January 31, 2017, the unamortized debt discount will be amortized over a remaining period of approximately 2.25 years. The if-converted value as of January 31, 2017 does not exceed the principal balance of the Senior Convertible Notes. The effective interest rate of the liability component was equal to 7.3% for each of the statements of operations periods presented.

In February 2017, the Company repurchased an aggregate of $15.4 million face value ($14.8 million carrying value) of its Senior Convertible Notes with $14.6 million in cash.

LONG-TERM DEBT

12 Months Ended

Jan. 31, 2017

Long-Term Debt (excluding senior convertible notes)

LONG-TERM DEBT

LONG-TERM DEBT

The following is a summary of long-term debt as of January 31, 2017 and 2016:



	January 31, 2017			January 31, 2016
	(in thousands)
Sale-leaseback financing obligations and capital leases, interest rates primarily ranging from 3.4% to 12.6%, with various maturity dates through December 2030	$	24,665		$	25,559
Working Capital Line payable to Wells Fargo (see details in Note 6)	13,000			—
Variable rate notes payable to GE Commercial Distribution Finance Corporation, interest rate of LIBOR + 3.24%, monthly installment payments including interest, secured by rental fleet equipment	—			11,767
Fixed rate notes payable to various finance companies, interest rates primarily ranging from 2.94% to 4.50%, due in monthly installments including interest and various maturity dates through February 2021, secured by fixed assets	1,944			2,640
	39,609			39,966
Less current maturities	(1,373		)	(1,557		)
	$	38,236		$	38,409

Long-term debt maturities are as follows:



	Sale-Leaseback Financing Obligations & Capital Leases								Total Present Value of Minimum Lease Payments and Other Long-Term Debt
Years Ending January 31,	Minimum Lease Payments		Interest		Present Value of Minimum Lease Payments		Other Long-Term Debt
	(in thousands)
2018	$	3,292	$	1,985	$	1,307	$	66	$	1,373
2019	3,312		1,904		1,408		13,068		14,476
2020	3,258		1,816		1,442		72		1,514
2021	3,165		1,729		1,436		75		1,511
2022	3,208		1,716		1,492		1,663		3,155
Thereafter	26,786		9,206		17,580		—		17,580
	$	43,021	$	18,356	$	24,665	$	14,944	$	39,609

DERIVATIVE INSTRUMENTS

12 Months Ended

Jan. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS

The Company holds derivative instruments for the purpose of minimizing exposure to fluctuations in foreign currency exchange rates and benchmark interest 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, 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% through the instrument's 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 is hedging 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 derivative instruments outstanding as of January 31, 2017 and 2016:



	Notional Amount as of:
	January 31, 2017	January 31, 2016
	(in thousands)
Cash flow hedges:
Interest rate swap	100,000	100,000
Derivatives not designated as hedging instruments:
Foreign currency contracts	18,021	13,148

The following table sets forth the fair value of the Company's derivative instruments outstanding as of January 31, 2017 and 2016.



	Fair Value as of:
	January 31, 2017		January 31, 2016		Balance Sheet Location
	(in thousands)
Asset Derivatives:
Derivatives not designated as hedging instruments:
Foreign currency contracts	$	—	$	125	Prepaid expenses and other
Total Asset Derivatives	$	—	$	125

Liability Derivatives:
Derivatives designated as hedging instruments:
Cash flow hedges:
Interest rate swap	1,155		2,836		Accrued expenses
Derivatives not designated as hedging instruments:
Foreign currency contracts	200		—		Accrued expenses
Total Liability Derivatives	$	1,355	$	2,836

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 years ended January 31, 2017, 2016 and 2015. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.



	2017					2016						2015
	OCI		Income			OCI			Income			OCI			Income
	(in thousands)					(in thousands)						(in thousands)
Derivatives Designated as Hedging Instruments:
Net investment hedges:
Foreign currency contracts	$	—	$	—		$	333		$	—		$	4,749		$	—
Cash flow hedges:
Interest rate swap (a)	263		(1,384		)	(1,309		)	(1,755		)	(2,595		)	(589		)
Foreign currency contracts (b)	—		—			—			(62		)	73			(76		)
Derivatives Not Designated as Hedging Instruments:
Foreign currency contracts (c)	—		365			—			996			—			5,683
Total Derivatives	$	263	$	(1,019	)	$	(976	)	$	(821	)	$	2,227		$	5,018

(a) Amounts are included in Floorplan interest expense in the consolidated statements of operations

(b) Amounts are included in Cost of revenue - equipment in the consolidated statements of operations

No components of the Company's cash flow hedging instruments were excluded from the assessment of hedge ineffectiveness.

As of January 31, 2017, the Company had $1.1 million in pre-tax net unrealized losses associated with its interest rate swap instrument recorded in accumulated other comprehensive income, and expects that $0.9 million of this amount will be reclassified into net income over the next 12 months.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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+ Details

ACCRUED EXPENSES

12 Months Ended

Jan. 31, 2017

Payables and Accruals [Abstract]

ACCRUED EXPENSES

ACCRUED EXPENSES & OTHER



	January 31, 2017		January 31, 2016
	(in thousands)
Compensation	$	16,163	$	13,985
Sales, payroll, real estate and value added taxes	3,871		3,806
Interest	1,372		2,466
Insurance	500		1,395
Deferred revenue	1,634		1,247
Derivative liabilities	1,355		2,836
Other	5,638		3,331
	$	30,533	$	29,066

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Jan. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	CONTINGENCIES AND GUARANTEES Guarantees The Company has provided residual value guarantees to CNH Industrial Capital in connection with certain customer leasing arrangements with CNH Industrial Capital. The Company, as guarantor, may be required to provide payment to CNH Industrial Capital at the termination of the lease agreement if the customer fails to exercise the purchase option under the leasing agreement and the proceeds CNH Industrial Capital receives upon disposition of the leased asset are less than the purchase option price as stipulated in the lease agreement. As of January 31, 2017, the maximum amount of residual value guarantees was approximately $2.9 million and the lease agreements have termination dates ranging from 2018 to 2022. As of January 31, 2017, the Company has recognized a liability of approximately $2.9 million based on its estimates of the likelihood and amount of residual value guarantees that will become payable at the termination dates of the underlying leasing agreements. The liability is recorded in other long-term liabilities in the Company's consolidated balance sheets. As of January 31, 2017 and 2016, the Company had $2.8 million and $3.0 million of guarantees on customer financing with CNH Industrial Capital. In the event that the customer defaulted on the payments owed to CNH Industrial Capital, the Company as the guarantor would be required to make those payments and any accelerated indebtedness to CNH Industrial Capital. Upon such payment, the Company would be entitled to enforce normal creditor rights against the customer including collection action for monetary damages or re-possession of the collateral if CNH Industrial Capital has a perfected security interest. No liabilities associated with these guarantees are included in the consolidated balance sheets as of January 31, 2017 or 2016 as the Company deems the probability of being required to make such payments to be remote. Litigation The Company is engaged in proceedings incidental to the normal course of business. Due to their nature, such legal proceedings involve inherent uncertainties, including but not limited to, court rulings, negotiations between affected parties and governmental intervention. Based upon the information available to the Company and discussions with legal counsel, it is the Company's opinion that the outcome of the various legal actions and claims that are incidental to its business will not have a material impact on the financial position, results of operations or cash flows. Such matters, however, are subject to many uncertainties, and the outcome of any matter is not predictable with assurance. Insurance The Company has insurance policies with varying deductibility levels for property and casualty losses and is insured for losses in excess of these deductibles on a per claim and aggregate basis. The Company is primarily self-insured for health care claims for eligible participating employees. The Company has stop-loss coverage to limit its exposure to significant claims on a per claim and annual aggregate basis. The Company determines its liabilities for claims, including incurred but not reported losses, based on all relevant information, including actuarial estimates of claim liabilities. During fiscal 2017, the Company received $3.0 million of proceeds from its insurance carriers related to claims submitted for insurable events at two of its locations; $1.4 million of proceeds were reflected as investing cash inflows as such amounts were reimbursements associated with the Company's long-lived assets, while the remaining $1.6 million was included in cash flows from operating activities as the amounts were reimbursements associated with current assets, business interruption recoveries and cost reimbursements. In total, the Company recognized, as a reduction of operating expenses in its consolidated statements of operations, a gain of $2.0 million from insurance recoveries, of which $0.7 million arose from business interruption recoveries. Other Matters The Company is the lessee under many real estate leases in which it agrees to indemnify the lessor from certain liabilities arising as a result of the use of the leased premises, including environmental liabilities, or a breach of the lease by the lessee. Additionally, from time to time, the Company enters into agreements with third parties in connection with the sale of assets in which it agrees to indemnify the purchaser from certain liabilities or costs arising in connection with the assets. Also, in the ordinary course of business in connection with purchases or sales of goods and services, the Company enters into agreements that may contain indemnification provisions. In the event that an indemnification claim is asserted, the Company's liability would be limited by the terms of the applicable agreement. See additional information on operating lease commitments in Note 12.

OPERATING LEASE COMMITMENTS

12 Months Ended

Jan. 31, 2017

Leases [Abstract]

OPERATING LEASE COMMITMENTS

The Company leases 126 buildings under operating lease agreements with both related and unrelated parties, as well as office equipment and vehicles under various operating lease agreements. Rent and lease expense under all operating leases totaled $21.3 million, $22.9 million and $23.0 million during the years ended January 31, 2017, 2016 and 2015. The leases expire at various dates through January 2031. Certain leases have fluctuating minimum lease payments. The Company recognizes lease expense on a straight-line basis over the expected term of the lease.

Approximate future minimum lease payment commitments are as follows:



Years ending January 31,	Amount
	(in thousands)
2018	$	20,641
2019	19,395
2020	16,306
2021	15,600
2022	13,866
Thereafter	89,129
	$	174,937

The Company's store lease agreements contain lease periods primarily ranging from automatically renewable month-to-month terms to 15 years in length. Certain of the lease agreements contain terms such as an option to purchase the property at fair value, renew or extend the lease for an additional period at the conclusion of the original lease term or automatically renew the lease term at the conclusion of the original lease period on a month-to-month or year-to-year basis. A majority of the leases provide for fixed monthly rental payments and require the Company to pay the real estate taxes on the properties for the lease periods. All of the leases require that the Company maintains public liability and personal property insurance on each of the leased premises, and a majority of the leases require the Company to indemnify the lessor in connection with any claims arising from the leased premises during its occupation of the property. Most of the leases prohibit assigning the lease agreements or subletting the leased premises without the prior written consent of the lessor. In most of the leases, the Company has been granted a right of first refusal or other options to purchase the property.

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS	Jan. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 13—RELATED PARTY TRANSACTIONS The Company utilizes C.I. Construction, LLC ("C.I. Construction"), an entity owned by the brother-in-law of Peter Christianson (the Company's former President and a former director) and Tony Christianson (a current director), to perform construction management services for its building and leasehold improvement projects. Payments to C.I. Construction, which include cost reimbursements of certain building supplies and other construction costs, were negligible for the year ended January 31, 2017 and totaled $0.5 million and $1.9 million for the years ended January 31, 2016 and 2015.

INCOME TAXES

12 Months Ended

Jan. 31, 2017

Income Tax Disclosure [Abstract]

INCOME TAXES

The components of income (loss) before income taxes for the years ended January 31, 2017, 2016 and 2015 consist of the following:



	2017			2016			2015
	(in thousands)
U.S.	$	(22,244	)	$	(53,211	)	$	(20,825	)
Foreign	(469		)	(3,000		)	(17,515		)
Total	$	(22,713	)	$	(56,211	)	$	(38,340	)

The provision for (benefit from) income taxes charged to income for the years ended January 31, 2017, 2016 and 2015 consists of the following:



	2017			2016			2015
	(in thousands)
Current
Federal	$	(5,368	)	$	(9,193	)	$	8,615
State	(85		)	147			1,245
Foreign	116			235			54
Total current taxes	(5,337		)	(8,811		)	9,914
Deferred
Federal	(1,819		)	(7,766		)	(13,372		)
State	(471		)	(1,427		)	(1,504		)
Foreign	(551		)	22			39
Total deferred taxes	(2,841		)	(9,171		)	(14,837		)
	$	(8,178	)	$	(17,982	)	$	(4,923	)

The reconciliation of the statutory federal income tax rate to the Company's effective rate is as follows:



	2017		2016		2015
U.S. statutory rate	(35.0	)%	(35.0	)%	(35.0	)%
Foreign statutory rates	2.8	%	0.6	%	14.6	%
State taxes on income net of federal tax benefit	(4.3	)%	(4.1	)%	(4.4	)%
Valuation allowances	(2.7	)%	5.7	%	14.6	%
Impairment of nondeductible goodwill from stock acquisitions	—	%	—	%	6.9	%
Foreign currency devaluation	0.6	%	(1.0	)%	(11.6	)%
All other, net	2.6	%	1.8	%	2.1	%
	(36.0	)%	(32.0	)%	(12.8	)%

Net deferred tax assets and liabilities consist of the following components as of January 31, 2017 and 2016:



	2017			2016
	(in thousands)
Deferred tax assets:
Inventory allowances	$	11,622		$	18,494
Intangible Assets	6,065			6,998
Net operating losses	6,679			6,176
Accrued liabilities and other	4,573			3,670
Receivables	1,034			1,115
Hedging and derivatives	541			1,085
Stock-based compensation	845			863
Other	1,060			778
Total deferred tax assets	32,419			39,179
Valuation allowances	(8,968		)	(8,853		)
Deferred tax assets, net of valuation allowances	$	23,451		$	30,326

Deferred tax liabilities:
Property and equipment	$	(29,942	)	$	(36,141	)
Senior convertible notes	(2,462		)	(5,320		)
Total deferred tax liabilities	$	(32,404	)	$	(41,461	)

Net deferred tax liability	$	(8,953	)	$	(11,135	)

As of January 31, 2017, the Company had accumulated undistributed earnings in non-U.S. subsidiaries of $1.5 million. The Company has concluded that such earnings are to be reinvested outside of the United States indefinitely. Accordingly, the Company has not recorded a deferred tax liability associated with these undistributed earnings. The Company estimates that the additional U.S. income taxes to be paid upon the repatriation of these undistributed earnings would be approximately $0.6 million.

As of January 31, 2017, the Company has recorded $23.4 million of net operating loss carryforwards within certain of its foreign jurisdictions; $19.0 million of net operating loss carryforwards are within jurisdictions with indefinite carryforward periods, while the remaining $4.4 million of net operating loss carryforwards expire at various dates between the Company's fiscal years 2018 and 2022. As of January 31, 2017, the Company has recorded $40.4 million of net operating loss carryforwards within certain of its state jurisdictions which expire at various dates between the Company's fiscal years 2031 and 2037.

In reviewing our deferred tax assets as of January 31, 2017 and 2016, we concluded that a partial valuation allowance for U.S. federal and state deferred tax assets was warranted. In total, we recognized a valuation allowance of $3.9 million and $2.4 million as of January 31, 2017 and 2016. In addition, as of January 31, 2017 and 2016, we concluded that a valuation allowance for certain of our foreign deferred tax assets, including net operating losses, was warranted in the amount of $5.1 million and $6.5 million. The recognition of the valuation allowance for our U.S. deferred tax assets was based on the presence of historical losses and our expected future sources of taxable income, including taxable income in prior carryback years and the anticipated future reversal of our existing deferred tax assets and liabilities. The valuation allowance for our foreign deferred tax assets was based on the presence of historical losses and the anticipated time period over which we may generate taxable income in excess of these historical losses.

The Company files income tax returns in the U.S. federal jurisdiction and various states and foreign countries. It is no longer subject to income tax examinations by U.S. federal tax authorities for fiscal years ended on or prior to January 31, 2013 and state tax authorities for fiscal years ended on or prior to January 31, 2012. Due to the short period of time in which the Company has had operations in foreign jurisdictions, all tax years are open for income tax examinations for these entities.

The Company's Ukrainian and Austrian subsidiaries are under audit for calendar years 2012 through 2015. The Company is also under audit in the U.S. federal jurisdiction for the 2016 fiscal year.

As of January 31, 2017, the Company has recorded a liability for unrecognized tax benefits of $0.2 million. The liability was recorded as a reduction in the Company's deferred tax assets related to its net operating losses. If recognized, the entire $0.2 million of unrecognized tax benefits would affect the Company's effective tax rate. As of January 31, 2017, the Company had accumulated accrued interest and penalties of $0.2 million, and for the year ended January 31, 2017, the Company recognized $0.1 million in interest and penalties in its provision (benefit) for income taxes. The Company had no unrecognized tax benefits as of January 31, 2016 and January 31, 2015.

CAPITAL STRUCTURE	12 Months Ended
CAPITAL STRUCTURE	Jan. 31, 2017
Stockholders' Equity Note [Abstract]
CAPITAL STRUCTURE	CAPITAL STRUCTURE The Company's certificate of incorporation provides it with the authority to issue 50,000,000 shares of $0.00001 par value stock, consisting of 45,000,000 shares of common stock and 5,000,000 shares classified as undesignated.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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-Glossary Preferred Stock
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+ Details

STOCK-BASED COMPENSATION

12 Months Ended

Jan. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

Stock-Based Compensation Plans

The Company has two stock-based compensation plans, the 2014 Equity Incentive Plan and the 2005 Equity Incentive Plan (collectively the "Plans"), to provide incentive compensation to participants for services that have been or will be performed for continuing as employees or members of the Board of Directors of the Company. Under these plans, which are approved by the stockholders of the Company, the Company may grant incentive stock options, non-qualified stock options and restricted stock for up to a maximum number of shares of common stock set forth in the Plan under all forms of awards. The Company accounts for all stock-based awards at the fair value of the related equity instrument over the applicable service or performance period. Shares issued for stock-based awards consist of authorized but unissued shares. Compensation cost charged to operations under the Plan was $2.1 million, $2.1 million and $2.1 million for the years ended January 31, 2017, 2016 and 2015. The related income tax benefit (net) was $0.8 million, $0.8 million and $0.8 million for the years ended January 31, 2017, 2016 and 2015.

The Company's 2014 Equity Incentive Plan was implemented during the year ended January 31, 2015 and has a total of 1,650,000 shares available for grant under this plan. The Company has approximately 973,000 shares authorized and available for future equity awards under the Company's 2014 Equity Incentive Plan as of January 31, 2017.

Stock Options

The Company granted stock options as part of its long-term incentive compensation to employees and members of the Board of Directors of the Company. The fair value of each stock option granted was estimated using the Black-Scholes option pricing model. Stock options vest over a period of four to six years for employees and immediately for members of the Board of Directors, and have contractual terms of five to ten years. The Company recognizes the fair value of stock options as compensation expense ratably over the vesting period of the award.

The following table summarizes stock option activity for the year ended January 31, 2017:



	Number of Stock Options		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Life (Years)
	(in thousands)				(in thousands)
Outstanding at January 31, 2016	289		$	12.19	$	76	2.0
Granted	—		—
Exercised	(15	)	8.22
Forfeited	(3	)	4.50
Outstanding at January 31, 2017	271		$	12.50	$	1,008	1.0
Exercisable at January 31, 2017	271		$	12.50	$	1,008	1.0

The aggregate intrinsic value of stock options exercised was $0.3 million for the year ended January 31, 2016, and immaterial for the years ended January 31, 2017 and 2015. As of January 31, 2017, there was no unrecognized compensation cost related to stock options as all awards have fully vested.

The following is a summary of information related to stock options outstanding and exercisable at January 31, 2017:



	Stock Options Outstanding and Exercisable
Range of Exercise Prices	Number	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price
	(in thousands)
$ 4.50-8.50	170	0.7	$	8.24
10.20-14.69	27	1.8	11.84
21.21-26.84	74	1.5	22.57
	271	1.0	$	12.50

Restricted Stock Awards ("RSAs")

The Company grants RSAs as part of its long-term incentive compensation to employees and members of the Board of Directors of the Company. The fair value of these awards is determined based on the closing market price of the Company's stock on the date of grant. The RSAs primarily vest over a period of three to six years for employees and over one year for members of the Board of Directors. The Company recognizes compensation expense ratably over the vesting period of the award. The restricted common stock underlying these awards are deemed issued and outstanding upon grant, and carry the same voting and dividend rights of unrestricted outstanding common stock.

The following table summarizes the activity for RSAs for the year ended January 31, 2017:



	Shares		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (Years)
	(in thousands)
Nonvested at January 31, 2016	402		$	18.21	3.4
Granted	254		11.01
Forfeited	(24	)	16.01
Vested	(123	)	17.87
Nonvested at January 31, 2017	509		$	14.83	2.6

The weighted-average grant date fair value of RSAs granted was $11.01, $15.41 and $17.90 during the years ended January 31, 2017, 2016 and 2015. The total fair value of RSAs vested was $1.3 million, $1.7 million and $1.5 million during the years ended January 31, 2017, 2016 and 2015. As of January 31, 2017, there was $4.6 million of unrecognized compensation cost related to non-vested RSAs that is expected to be recognized over a weighted-average period of 2.6 years.

Restricted Stock Units ("RSUs")

The Company grants RSUs as part of its long-term incentive compensation to certain employees of the Company. The fair value of these awards is determined based on the closing market price of the Company's stock on the date of grant. The RSUs primarily vest over a period of three to six years. The Company recognizes compensation expense ratably over the vesting period of the award. A portion of the RSUs that have been granted contain performance conditions, and the related compensation cost on these awards is only accrued if it is probable that the performance conditions will be achieved. The restricted common stock underlying these awards are not deemed issued or outstanding upon grant, and do not carry any voting or dividend rights.

The following table summarizes RSU activity for the year ended January 31, 2017:



	Shares		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (Years)
	(in thousands)
Nonvested at January 31, 2016	61		$	16.71	1.7
Granted	12		10.69
Forfeited	(1	)	10.69
Vested	—		—
Nonvested at January 31, 2017	72		$	15.78	1.0

The weighted-average grant date fair value of RSUs granted was $10.69 and $15.47 during the years ended January 31, 2017 and 2016. As of January 31, 2017, for the portion of RSUs that contain performance conditions, the Company did not believe the achievement of the performance conditions to be probable and therefore expects the unrecognized compensation cost of RSUs to be immaterial.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

EMPLOYEE BENEFIT PLANS	12 Months Ended
EMPLOYEE BENEFIT PLANS	Jan. 31, 2017
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The Company has a 401(k) profit-sharing plan ("401(k) Plan") for full-time employees at least 19 years of age. The Company matches 50% of the first 6% of participating employees' contributions. In addition, the Company may make a discretionary contribution to the 401(k) Plan as determined by the Board of Directors, with a maximum amount equal to the amount allowed under the IRS regulations. For the period March 1, 2015 through December 31, 2015, the Company amended the 401(k) Plan to remove the matching contribution requirement. Effective January 1, 2016, the matching contributions were reinstated. The Company recognized expense for contributions made to the 401(k) Plan totaling $2.5 million, $0.2 million and $3.5 million for the years ended January 31, 2017, 2016 and 2015. All amounts contributed during these years reflected matching contributions, as no discretionary contributions were made by the Company to the 401(k) Plan.

BUSINESS COMBINATIONS	12 Months Ended
BUSINESS COMBINATIONS	Jan. 31, 2017
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS On August 29, 2014, the Company acquired certain assets of Midland Equipment, Inc. The acquired business consisted of one agriculture equipment store in Wayne, Nebraska, which expanded the Company's agricultural presence in Nebraska. The total cash consideration for the acquired business was $0.6 million.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4922-128472

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Section 50
-Paragraph 4
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 805
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

FAIR VALUE OF FINANCIAL INSTRUMENTS

12 Months Ended

Jan. 31, 2017

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

The assets and liabilities which are measured at fair value on a recurring basis as of January 31, 2017 and 2016 are as follows:



	January 31, 2017								January 31, 2016
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in thousands)								(in thousands)
Financial Assets
Foreign currency contracts	$	—	$	—	$	—	$	—	$	—	$	125	$	—	$	125
Total Financial Assets	$	—	$	—	$	—	$	—	$	—	$	125	$	—	$	125

Financial Liabilities
Interest rate swap	$	—	$	1,155	$	—	$	1,155	$	—	$	2,836	$	—	$	2,836
Foreign currency contracts	—		200		—		200		—		—		—		—
Total Financial Liabilities	$	—	$	1,355	$	—	$	1,355	$	—	$	2,836	$	—	$	2,836

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 valued certain long-lived assets at fair value on a non-recurring basis as of January 31, 2017 and 2016 as part of its long-lived asset impairment testing and as the result of classifying certain assets as held for sale and measuring the value of such assets at fair value less costs to sell. The estimated fair value of such assets as of January 31, 2017 and 2016 was $3.6 million and $5.6 million.

The assets recorded at fair value as of January 31, 2017 and 2016 consisted of real estate assets and fair value was determined by utilizing market and income approaches incorporating both observable and unobservable inputs, and are deemed to be Level 3 fair value inputs. The most significant unobservable inputs used in the fair value measurements under the market approach include adjustments to observable market sales information to incorporate differences in geographical locations and age and condition of subject assets, and the most significant unobservable inputs under the income approach include forecasted net cash generated from the use of the subject assets and the discount rate applied to such cash flows to arrive at a fair value estimate. In addition, in certain instances the Company estimated the fair value of long-lived assets to approximate zero as no future cash flows were assumed to be generated from the use of such assets and the expected sales values were deemed to be nominal. All such fair value measurements were based on unobservable inputs and thus are Level 3 fair value 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 January 31, 2017 and 2016. The following table provides details on the Senior Convertible Notes as of January 31, 2017 and 2016. 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, and unamortized debt issuance costs (see Note 7). Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.



	January 31, 2017						January 31, 2016
	Estimated Fair Value		Carrying Value		Face Value		Estimated Fair Value		Carrying Value		Face Value
	(in thousands)						(in thousands)
Senior convertible notes	$	87,000	$	88,501	$	95,725	$	105,000	$	134,145	$	150,000

- Definition

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.

+ References + Details

STORE CLOSINGS AND REALIGNMENT COST

12 Months Ended

Jan. 31, 2017

Restructuring and Related Activities [Abstract]

STORE CLOSINGS AND REALIGNMENT COSTS

In February 2017, to better align the Company's cost structure and business in certain markets, the Company announced a dealership restructuring plan which resulted in the closure of one Construction location during the fourth quarter ended January 31, 2017 and is expected to result in the closure of 14 Agriculture locations during the first half of fiscal 2018. The restructuring plan is expected to result in a significant reduction of expenses while allowing the Company to continue to provide a leading level of service to its customers. The Company recognized $3.0 million of fixed asset impairment charges in the fourth quarter of fiscal 2017 related to the announced store closures. In addition, the Company anticipates recognizing pre-tax costs associated with this restructuring plan, consisting primarily of lease termination costs and termination benefits of approximately $9.5 million in fiscal 2018.

In fiscal 2016 and 2015, the Company carried out realignment plans that reduced our headcount and resulted in the closure of four Agriculture stores and eight Construction stores. As of January 31, 2017 these realignment plans were substantially complete.

We incurred costs of $3.3 million, $2.0 million and $3.9 million during the years ended January 31, 2017, 2016 and 2015, related to these activities. Refer to Note 21 for realignment costs by segment.

Store closings and realignment costs for 2017, 2016 and 2015 were as follows:



	2017			2016		2015
	(in thousands)
Lease termination costs (1)	$	(128	)	$	692	$	1,943
Employee termination benefits (1)	399			774		971
Impairment of fixed assets, net of gains on asset disposition (2)	2,957			369		25
Asset relocation and other closing costs (1)	48			126		463
Inventory cost adjustments (3)	—			—		471
	$	3,276		$	1,961	$	3,873

(1) Recognized in Realignment Costs in the consolidated statement of operations.

(2) Recognized in Impairment of Intangibles and Long-Lives Assets in the consolidated statement of operations.

(3) Recognized in Cost of Revenue - Equipment in the consolidated statement of operations.

A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses and other in the consolidated balance sheets, follows:



	Amount
	(in thousands)
Balance, January 31, 2015	$	1,706
Exit costs incurred and charged to expense
Lease termination costs	692
Employee termination benefits	774
Exit costs paid
Lease termination costs	(1,738		)
Employee termination benefits	(774		)
Balance, January 31, 2016	660
Exit costs incurred and charged to expense
Lease termination costs	(128		)
Employee termination benefits	399
Exit costs paid
Lease termination costs	(441		)
Employee termination benefits	(399		)
Balance, January 31, 2017	$	91

SEGMENT INFORMATION AND OPERATING RESULTS

12 Months Ended

Jan. 31, 2017

Segment Reporting [Abstract]

SEGMENT INFORMATION AND OPERATING RESULTS

The Company has three reportable segments: Agriculture, Construction and International. The Company's segments are determined based on management structure, which is organized based on types of products sold and geographic areas, as described in the following paragraphs. The operating results for each segment are reported separately to the Company's Chief Executive Officer to make decisions regarding the allocation of resources, to assess the Company's operating performance and to make strategic decisions.

The Company's Agriculture segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from large-scale farming to home and garden use in North America. This segment also includes ancillary sales and services related to agricultural activities and products such as equipment transportation, Global Positioning System ("GPS") signal subscriptions and finance and insurance products.

The Company's Construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use to customers in North America. This segment also includes ancillary sales and services related to construction activities such as equipment transportation, GPS signal subscriptions and finance and insurance products.

The Company’s International segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from large-scale farming and construction to home and garden use to customers in Eastern Europe.

Revenue generated from sales to customers outside of the United States was $150.3 million, $162.1 million and $164.4 million for the years ended January 31, 2017, 2016 and 2015. As of January 31, 2017 and 2016, $3.6 million and $4.4 million of the Company's long-lived assets were held in its European subsidiaries.

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 Resource assets primarily consist of cash and property and equipment. Revenue between segments is immaterial.

Certain financial information for each of the Company's business segments is set forth below.



	Year Ended January 31,
	2017			2016			2015
	(in thousands)
Revenue
Agriculture	$	739,167		$	864,851		$	1,346,457
Construction	323,625			340,916			389,435
International	150,288			162,068			164,354
Total	$	1,213,080		$	1,367,835		$	1,900,246
Income (Loss) Before Income Taxes
Agriculture	$	(15,781	)	$	(29,710	)	$	(11,434	)
Construction	(5,875		)	(26,388		)	(11,941		)
International	(469		)	(3,004		)	(17,109		)
Segment income (loss) before income taxes	(22,125		)	(59,102		)	(40,484		)
Shared Resources	(588		)	2,891			2,144
Total	$	(22,713	)	$	(56,211	)	$	(38,340	)
Total Impairment
Agriculture	$	1,888		$	3,975		$	30,008
Construction	2,155			2,752			266
International	325			—			951
Segment impairment	4,368			6,727			31,225
Shared Resources	42			176			—
Total	$	4,410		$	6,903		$	31,225
Realignment Costs
Agriculture	$	(120	)	$	738		$	350
Construction	60			635			2,459
International	—			—			56
Segment impairment	(60		)	1,373			2,865
Shared Resources	379			224			300
Total	$	319		$	1,597		$	3,165



	Year Ended January 31,
	2017			2016		2015
	(in thousands)
Interest Income
Agriculture	$	183		$	159	$	214
Construction	341			396		459
International	31			68		83
Segment interest income	555			623		756
Shared Resources	12			17		27
Total	$	567		$	640	$	783
Interest Expense
Agriculture	$	11,201		$	15,596	$	16,983
Construction	10,196			12,575		12,110
International	2,884			4,159		8,002
Segment interest expense	24,281			32,330		37,095
Shared Resources	(2,416		)	293		(2,304		)
Total	$	21,865		$	32,623	$	34,791
Depreciation and Amortization
Agriculture	$	6,128		$	7,760	$	8,666
Construction	15,288			15,965		17,647
International	1,394			1,255		1,710
Segment depreciation and amortization	22,810			24,980		28,023
Shared Resources	4,058			3,558		3,745
Total	$	26,868		$	28,538	$	31,768
Capital Expenditures
Agriculture	$	1,585		$	2,861	$	3,324
Construction	5,480			1,492		4,779
International	898			657		1,726
Segment capital expenditures	7,963			5,010		9,829
Shared Resources	4,462			3,401		7,183
Total	$	12,425		$	8,411	$	17,012

	January 31, 2017			January 31, 2016
Total Assets	(in thousands)
Agriculture	$	411,726		$	557,579
Construction	221,092			294,891
International	106,899			109,706
Segment assets	739,717			962,176
Shared Resources	31,705			85,699
Total	$	771,422		$	1,047,875

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 32
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Topic 280
-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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+ Details

SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Jan. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

The following reflects selected quarterly financial information for fiscal years 2017 and 2016.



	Revenue		Gross Profit		Net Income (Loss) Including Noncontrolling Interest			Net Income (Loss) Attributable to Titan Machinery Inc.			Earnings (Loss) per Share-Basic			Earnings (Loss) per Share-Diluted
	(in thousands, except per share data)
2017
First quarter	$	284,860	$	53,548	$	(3,858	)	$	(3,684	)	$	(0.17	)	$	(0.17	)
Second quarter	278,333		52,933		(2,702		)	(2,520		)	(0.12		)	(0.12		)
Third quarter	332,266		58,426		264			264			0.01			0.01
Fourth quarter	317,621		48,822		(8,239		)	(8,239		)	(0.38		)	(0.38		)
2016
First quarter	$	353,196	$	60,435	$	(6,890	)	$	(6,304	)	$	(0.29	)	$	(0.29	)
Second quarter	334,190		62,069		170			6			—			—
Third quarter	344,975		67,141		3,483			3,456			0.16			0.16
Fourth quarter	335,474		16,269		(34,992		)	(35,050		)	(1.62		)	(1.62		)

The Company recognized an inventory impairment charge of $27.5 million to equipment cost of revenue in the fourth quarter of fiscal 2016 as a result of the decision to market certain aged equipment through alternative channels rather than through its normal retail channels, and its estimate of revenue amounts to be realized from these alternative channels being lower than the carrying value of the respective equipment. Further details are disclosed in Note 3. The Company recognized impairment charges totaling $4.1 million and $6.7 million in the fourth quarters of fiscal 2017 and 2016, resulting from impairment testing of long-lived assets. Details of the Company's impairment testing is disclosed in Note 1 and Note 5. The Company also recognized in the fourth quarter of fiscal 2016 expense of $2.4 million in its provision for (benefit from) income taxes related to the recognition of a valuation allowance on certain deferred tax assets. Details of this valuation allowance are disclosed in Note 14.

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Jan. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On February 9, 2017, the Company announced a dealership restructuring plan that is expected to be completed by the end of July 2017. The Company closed one Construction location during the fourth quarter ended January 31, 2017 and expects to close 14 Agriculture locations during the first half of fiscal 2018. The restructuring plan is expected to result in a significant reduction of expenses while allowing the Company to continue to provide a leading level of service to its customers. The non-recurring pre-tax costs associated with this restructuring plan, consisting primarily of lease termination costs and termination benefits are estimated to be approximately $9.5 million for fiscal 2018. In February 2017, the Company amended its credit facility with DLL Finance, which decreased its available borrowings under the facility to $45.0 million. As a result of this amendment, our total discretionary floorplan payable lines of credit for equipment purchases was reduced from $842.5 million to $797.5 million. The Company repurchased a portion of its Senior Convertible Notes in February 2017. See Note 7 for details. In February 2017, the Company terminated the Services Agreement with Mr. Peter Christianson. See Note 13 for details.

Schedule II-Valuation and Qualifying Accounts and Reserves

12 Months Ended

Jan. 31, 2017

Valuation and Qualifying Accounts [Abstract]

Schedule II-Valuation and Qualifying Accounts and Reserves

Schedule II—Valuation and Qualifying Accounts and Reserves

Titan Machinery Inc.



Classification	Beginning Balance		Additions Charged to Expenses		Deductions for Write-offs, Net of Recoveries			Foreign currency translation adjustment		Ending Balance
	(in thousands)
Valuation reserve deduction from receivables:
Year ended January 31, 2017	$	3,591	$	3,399	$	(3,428	)	$	68	$	3,630
Year ended January 31, 2016	4,218		3,896		(4,591		)	68		3,591
Year ended January 31, 2015	3,663		5,938		(5,452		)	69		4,218

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Jan. 31, 2017

Accounting Policies [Abstract]

Nature of Business

Seasonality

Principles of Consolidation

Reclassifications

Estimates

Concentrations of Credit Risk

The Company's cash balances are maintained in bank deposit accounts, which, at times, are in excess of federally insured limits.

Concentrations in Operations

In addition, the Company believes that the following factors related to concentrations in suppliers, and in particular CNH Industrial, have a significant impact on its operating results:

•CNH Industrial's product offerings, reputation and market share

•CNH Industrial's product prices and incentive and discount programs

•Supply of inventory from CNH Industrial

•CNH Industrial provides floorplan payable financing for the purchase of a substantial portion of its inventory


•	CNH Industrial provides a significant percentage of the financing used by its customers to purchase CNH Industrial equipment from the Company.

Receivables and Credit Policy

Inventories

Property and Equipment



Buildings and leasehold improvements	Lesser of 10 - 40 years or lease term
Machinery and equipment	3 - 10 years
Furniture and fixtures	3 - 10 years
Vehicles	5 - 10 years
Rental fleet	3 - 10 years

Depreciation for income tax reporting purposes is computed using accelerated methods.

Goodwill

Intangible Assets

Impairment of Long-Lived Assets

Derivative Instruments

Fair Value Measurements

Level 1—Values derived from unadjusted quoted prices in active markets for identical assets and liabilities.

Level 3—Values derived from unobservable inputs for which there is little or no market data available, thereby requiring the reporting entity to develop its own assumptions.

Customer Deposits

Customer deposits consist of advance payments from customers, in the form of cash or equipment to be traded-in

Income Taxes

Earnings Per Share

Earnings (Loss) Per Share ("EPS")

The following table sets forth the calculation of the denominator for basic and diluted EPS:



	2017			2016			2015
	(in thousands, except per share data)
Basic Weighted-Average Common Shares Outstanding	21,294			21,111			20,989
Plus: Incremental Shares From Assumed Exercise of Stock Options	—			—			—
Diluted Weighted-Average Common Shares Outstanding	21,294			21,111			20,989

Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding
Stock Options	139			174			221
Shares Underlying Senior Convertible Notes (conversion price of $43.17)	2,217			3,474			3,474

Earnings (Loss) per Share - Basic	$	(0.65	)	$	(1.76	)	$	(1.51	)
Earnings (Loss) per Share - Diluted	$	(0.65	)	$	(1.76	)	$	(1.51	)

Revenue Recognition

Sales, Excise and Value Added Taxes

Shipping and Handling Costs

Shipping and handling costs are recorded as cost of revenue and amounts billed to customers for shipping and handling costs are recorded in revenue.

Lessor Accounting

Construction of Leased Assets and Sale-Leaseback Accounting

See Note 8 for balances of outstanding financing obligations.

Manufacturer Incentives and Discounts

Advertising Costs

Comprehensive Income and Foreign Currency Matters

Stock-Based Compensation

Business Combinations

Exit and Disposal Costs

Held for Sale

Segment Reporting

The Company operates its business in three reportable segments, the Agriculture, Construction and International segments. Information regarding these segments is disclosed in Note 21.

Recent Accounting Guidance

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jan. 31, 2017

Accounting Policies [Abstract]

Summary of estimated useful life of property and equipment

Depreciation and amortization are computed on a straight-line basis over the estimated useful life of each asset, as summarized below:



Buildings and leasehold improvements	Lesser of 10 - 40 years or lease term
Machinery and equipment	3 - 10 years
Furniture and fixtures	3 - 10 years
Vehicles	5 - 10 years
Rental fleet	3 - 10 years



	January 31, 2017			January 31, 2016
	(in thousands)
Rental fleet equipment	$	124,417		$	137,754
Machinery and equipment	22,255			23,051
Vehicles	36,384			36,537
Furniture and fixtures	39,875			38,149
Land, buildings, and leasehold improvements	59,481			63,460
	282,412			298,951
Less accumulated depreciation	(125,765		)	(115,772		)
	$	156,647		$	183,179

Schedule of calculation of basic and diluted earnings per share

The following table sets forth the calculation of the denominator for basic and diluted EPS:



	2017			2016			2015
	(in thousands, except per share data)
Basic Weighted-Average Common Shares Outstanding	21,294			21,111			20,989
Plus: Incremental Shares From Assumed Exercise of Stock Options	—			—			—
Diluted Weighted-Average Common Shares Outstanding	21,294			21,111			20,989

Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding
Stock Options	139			174			221
Shares Underlying Senior Convertible Notes (conversion price of $43.17)	2,217			3,474			3,474

Earnings (Loss) per Share - Basic	$	(0.65	)	$	(1.76	)	$	(1.51	)
Earnings (Loss) per Share - Diluted	$	(0.65	)	$	(1.76	)	$	(1.51	)

RECEIVABLES (Tables)

12 Months Ended

Jan. 31, 2017

Receivables [Abstract]

Schedule of receivables



	January 31, 2017			January 31, 2016
	(in thousands)
Trade accounts receivable
Due from customers	$	31,636		$	29,251
Due from finance companies	14,319			19,250
Due from manufacturers	9,107			11,642
Unbilled receivables due from customers	8,650			8,982
Total trade accounts receivable	63,712			69,125
Less allowance for doubtful accounts	(3,630		)	(3,591		)
	$	60,082		$	65,534

INVENTORIES (Tables)

12 Months Ended

Jan. 31, 2017

Inventory Disclosure [Abstract]

Schedule of inventory



	January 31, 2017		January 31, 2016
	(in thousands)
New equipment	$	235,161	$	323,393
Used equipment	160,503		267,893
Parts and attachments	81,734		87,807
Work in process	868		1,389
	$	478,266	$	680,482

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jan. 31, 2017

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

Depreciation and amortization are computed on a straight-line basis over the estimated useful life of each asset, as summarized below:



Buildings and leasehold improvements	Lesser of 10 - 40 years or lease term
Machinery and equipment	3 - 10 years
Furniture and fixtures	3 - 10 years
Vehicles	5 - 10 years
Rental fleet	3 - 10 years



	January 31, 2017			January 31, 2016
	(in thousands)
Rental fleet equipment	$	124,417		$	137,754
Machinery and equipment	22,255			23,051
Vehicles	36,384			36,537
Furniture and fixtures	39,875			38,149
Land, buildings, and leasehold improvements	59,481			63,460
	282,412			298,951
Less accumulated depreciation	(125,765		)	(115,772		)
	$	156,647		$	183,179

INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Jan. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of intangible assets with finite lives

The following is a summary of intangible assets with finite lives as of January 31, 2017 and 2016:



	January 31, 2017							January 31, 2016
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
	(in thousands)							(in thousands)
Covenants not to compete	$	970	$	(851	)	$	119	$	972	$	(720	)	$	252
	$	970	$	(851	)	$	119	$	972	$	(720	)	$	252

Schedule of expected future amortization expense

Future amortization expense, as of January 31, 2017, is expected to be as follows:



Years ending January 31,	Amount
	(in thousands)
2018	$	73
2019	27
2020	15
2021	4
2022	—
	$	119

Schedule of Indefinite-Lived Intangible Assets

which consist entirely of distribution rights, was $4.9 million as of January 31, 2017 and 2016, of which $4.8 million related to the Agriculture segment and $0.1 million related to the Construction segment. There were no changes in they carrying amounts during fiscal 2017 or 2016.

Schedule of changes in the carrying amount of goodwill

SENIOR CONVERTIBLE NOTES (Tables) - Senior Convertible Notes

12 Months Ended

Jan. 31, 2017

SENIOR CONVERTIBLE NOTES

Schedule of convertible notes

As of January 31, 2017 and 2016, the Senior Convertible Notes consisted of the following:



	January 31, 2017			January 31, 2016
	(in thousands, except conversion rate and conversion price)
Principal value	$	95,725		$	150,000
Unamortized debt discount	(6,368		)	(13,946		)
Unamortized debt issuance costs	(856		)	(1,909		)
Carrying value of senior convertible notes	$	88,501		$	134,145

Carrying value of equity component, net of deferred taxes	$	15,546		$	15,546

Conversion rate (shares of common stock per $1,000 principal amount of notes)	23.1626
Conversion price (per share of common stock)	$	43.17

Senior Convertible Notes Interest Expense

The Company recognized interest expense associated with its Senior Convertible Notes as follows:



	2017		2016		2015
	(in thousands)
Cash Interest Expense
Coupon interest expense	$	4,355	$	5,625	$	5,625
Noncash Interest Expense
Amortization of debt discount	2,849		3,703		3,457
Amortization of transaction costs	439		552		538
	$	7,643	$	9,880	$	9,620

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

LONG-TERM DEBT (Tables) - Long-Term Debt (excluding senior convertible notes)

12 Months Ended

Jan. 31, 2017

LONG-TERM DEBT

Summary of long-term debt

The following is a summary of long-term debt as of January 31, 2017 and 2016:



	January 31, 2017			January 31, 2016
	(in thousands)
Sale-leaseback financing obligations and capital leases, interest rates primarily ranging from 3.4% to 12.6%, with various maturity dates through December 2030	$	24,665		$	25,559
Working Capital Line payable to Wells Fargo (see details in Note 6)	13,000			—
Variable rate notes payable to GE Commercial Distribution Finance Corporation, interest rate of LIBOR + 3.24%, monthly installment payments including interest, secured by rental fleet equipment	—			11,767
Fixed rate notes payable to various finance companies, interest rates primarily ranging from 2.94% to 4.50%, due in monthly installments including interest and various maturity dates through February 2021, secured by fixed assets	1,944			2,640
	39,609			39,966
Less current maturities	(1,373		)	(1,557		)
	$	38,236		$	38,409

Schedule of long-term debt maturities

Long-term debt maturities are as follows:



	Sale-Leaseback Financing Obligations & Capital Leases								Total Present Value of Minimum Lease Payments and Other Long-Term Debt
Years Ending January 31,	Minimum Lease Payments		Interest		Present Value of Minimum Lease Payments		Other Long-Term Debt
	(in thousands)
2018	$	3,292	$	1,985	$	1,307	$	66	$	1,373
2019	3,312		1,904		1,408		13,068		14,476
2020	3,258		1,816		1,442		72		1,514
2021	3,165		1,729		1,436		75		1,511
2022	3,208		1,716		1,492		1,663		3,155
Thereafter	26,786		9,206		17,580		—		17,580
	$	43,021	$	18,356	$	24,665	$	14,944	$	39,609

- Definition

+ References

+ Details

DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Jan. 31, 2017

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 derivative instruments outstanding as of January 31, 2017 and 2016:



	Notional Amount as of:
	January 31, 2017	January 31, 2016
	(in thousands)
Cash flow hedges:
Interest rate swap	100,000	100,000
Derivatives not designated as hedging instruments:
Foreign currency contracts	18,021	13,148

Schedule of fair value of derivative instruments outstanding

The following table sets forth the fair value of the Company's derivative instruments outstanding as of January 31, 2017 and 2016.



	Fair Value as of:
	January 31, 2017		January 31, 2016		Balance Sheet Location
	(in thousands)
Asset Derivatives:
Derivatives not designated as hedging instruments:
Foreign currency contracts	$	—	$	125	Prepaid expenses and other
Total Asset Derivatives	$	—	$	125

Liability Derivatives:
Derivatives designated as hedging instruments:
Cash flow hedges:
Interest rate swap	1,155		2,836		Accrued expenses
Derivatives not designated as hedging instruments:
Foreign currency contracts	200		—		Accrued expenses
Total Liability Derivatives	$	1,355	$	2,836

Schedule of gains and losses recognized on derivative instruments



	2017					2016						2015
	OCI		Income			OCI			Income			OCI			Income
	(in thousands)					(in thousands)						(in thousands)
Derivatives Designated as Hedging Instruments:
Net investment hedges:
Foreign currency contracts	$	—	$	—		$	333		$	—		$	4,749		$	—
Cash flow hedges:
Interest rate swap (a)	263		(1,384		)	(1,309		)	(1,755		)	(2,595		)	(589		)
Foreign currency contracts (b)	—		—			—			(62		)	73			(76		)
Derivatives Not Designated as Hedging Instruments:
Foreign currency contracts (c)	—		365			—			996			—			5,683
Total Derivatives	$	263	$	(1,019	)	$	(976	)	$	(821	)	$	2,227		$	5,018

ACCRUED EXPENSES (Tables)

12 Months Ended

Jan. 31, 2017

Payables and Accruals [Abstract]

Schedule of accrued expenses



	January 31, 2017		January 31, 2016
	(in thousands)
Compensation	$	16,163	$	13,985
Sales, payroll, real estate and value added taxes	3,871		3,806
Interest	1,372		2,466
Insurance	500		1,395
Deferred revenue	1,634		1,247
Derivative liabilities	1,355		2,836
Other	5,638		3,331
	$	30,533	$	29,066

OPERATING LEASE COMMITMENTS (Tables)

12 Months Ended

Jan. 31, 2017

Leases [Abstract]

Schedule of minimum future lease payments

Approximate future minimum lease payment commitments are as follows:



Years ending January 31,	Amount
	(in thousands)
2018	$	20,641
2019	19,395
2020	16,306
2021	15,600
2022	13,866
Thereafter	89,129
	$	174,937

INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax

The components of income (loss) before income taxes for the years ended January 31, 2017, 2016 and 2015 consist of the following:



	2017			2016			2015
	(in thousands)
U.S.	$	(22,244	)	$	(53,211	)	$	(20,825	)
Foreign	(469		)	(3,000		)	(17,515		)
Total	$	(22,713	)	$	(56,211	)	$	(38,340	)

Schedule of provision for income taxes charged to income

The provision for (benefit from) income taxes charged to income for the years ended January 31, 2017, 2016 and 2015 consists of the following:



	2017			2016			2015
	(in thousands)
Current
Federal	$	(5,368	)	$	(9,193	)	$	8,615
State	(85		)	147			1,245
Foreign	116			235			54
Total current taxes	(5,337		)	(8,811		)	9,914
Deferred
Federal	(1,819		)	(7,766		)	(13,372		)
State	(471		)	(1,427		)	(1,504		)
Foreign	(551		)	22			39
Total deferred taxes	(2,841		)	(9,171		)	(14,837		)
	$	(8,178	)	$	(17,982	)	$	(4,923	)

Schedule of reconciliation of statutory federal income tax rate to the Company's effective rate

The reconciliation of the statutory federal income tax rate to the Company's effective rate is as follows:



	2017		2016		2015
U.S. statutory rate	(35.0	)%	(35.0	)%	(35.0	)%
Foreign statutory rates	2.8	%	0.6	%	14.6	%
State taxes on income net of federal tax benefit	(4.3	)%	(4.1	)%	(4.4	)%
Valuation allowances	(2.7	)%	5.7	%	14.6	%
Impairment of nondeductible goodwill from stock acquisitions	—	%	—	%	6.9	%
Foreign currency devaluation	0.6	%	(1.0	)%	(11.6	)%
All other, net	2.6	%	1.8	%	2.1	%
	(36.0	)%	(32.0	)%	(12.8	)%

Schedule of net deferred tax assets and liabilities

Net deferred tax assets and liabilities consist of the following components as of January 31, 2017 and 2016:



	2017			2016
	(in thousands)
Deferred tax assets:
Inventory allowances	$	11,622		$	18,494
Intangible Assets	6,065			6,998
Net operating losses	6,679			6,176
Accrued liabilities and other	4,573			3,670
Receivables	1,034			1,115
Hedging and derivatives	541			1,085
Stock-based compensation	845			863
Other	1,060			778
Total deferred tax assets	32,419			39,179
Valuation allowances	(8,968		)	(8,853		)
Deferred tax assets, net of valuation allowances	$	23,451		$	30,326

Deferred tax liabilities:
Property and equipment	$	(29,942	)	$	(36,141	)
Senior convertible notes	(2,462		)	(5,320		)
Total deferred tax liabilities	$	(32,404	)	$	(41,461	)

Net deferred tax liability	$	(8,953	)	$	(11,135	)

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jan. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of stock option activity

The following table summarizes stock option activity for the year ended January 31, 2017:



	Number of Stock Options		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Life (Years)
	(in thousands)				(in thousands)
Outstanding at January 31, 2016	289		$	12.19	$	76	2.0
Granted	—		—
Exercised	(15	)	8.22
Forfeited	(3	)	4.50
Outstanding at January 31, 2017	271		$	12.50	$	1,008	1.0
Exercisable at January 31, 2017	271		$	12.50	$	1,008	1.0

Summary of information related to options outstanding and exercisable

The following is a summary of information related to stock options outstanding and exercisable at January 31, 2017:



	Stock Options Outstanding and Exercisable
Range of Exercise Prices	Number	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price
	(in thousands)
$ 4.50-8.50	170	0.7	$	8.24
10.20-14.69	27	1.8	11.84
21.21-26.84	74	1.5	22.57
	271	1.0	$	12.50

Schedule of restricted stock award activity

The following table summarizes the activity for RSAs for the year ended January 31, 2017:



	Shares		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (Years)
	(in thousands)
Nonvested at January 31, 2016	402		$	18.21	3.4
Granted	254		11.01
Forfeited	(24	)	16.01
Vested	(123	)	17.87
Nonvested at January 31, 2017	509		$	14.83	2.6

Summary of restricted stock unit activity

The following table summarizes RSU activity for the year ended January 31, 2017:



	Shares		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (Years)
	(in thousands)
Nonvested at January 31, 2016	61		$	16.71	1.7
Granted	12		10.69
Forfeited	(1	)	10.69
Vested	—		—
Nonvested at January 31, 2017	72		$	15.78	1.0

BUSINESS COMBINATIONS (Tables)	12 Months Ended
BUSINESS COMBINATIONS (Tables)	Jan. 31, 2017
Business Combinations [Abstract]
Schedule of allocations of purchase prices in business combinations	.

FAIR VALUE OF FINANCIAL INSTRUMENTS Tables (Tables)

12 Months Ended

Jan. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

The assets and liabilities which are measured at fair value on a recurring basis as of January 31, 2017 and 2016 are as follows:



	January 31, 2017								January 31, 2016
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in thousands)								(in thousands)
Financial Assets
Foreign currency contracts	$	—	$	—	$	—	$	—	$	—	$	125	$	—	$	125
Total Financial Assets	$	—	$	—	$	—	$	—	$	—	$	125	$	—	$	125

Financial Liabilities
Interest rate swap	$	—	$	1,155	$	—	$	1,155	$	—	$	2,836	$	—	$	2,836
Foreign currency contracts	—		200		—		200		—		—		—		—
Total Financial Liabilities	$	—	$	1,355	$	—	$	1,355	$	—	$	2,836	$	—	$	2,836

Fair Value of Senior Convertible Notes

The following table provides details on the Senior Convertible Notes as of January 31, 2017 and 2016. 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, and unamortized debt issuance costs (see Note 7). Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.



	January 31, 2017						January 31, 2016
	Estimated Fair Value		Carrying Value		Face Value		Estimated Fair Value		Carrying Value		Face Value
	(in thousands)						(in thousands)
Senior convertible notes	$	87,000	$	88,501	$	95,725	$	105,000	$	134,145	$	150,000

- 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.

+ References + Details

STORE CLOSINGS AND REALIGNMENT COST (Tables)

12 Months Ended

Jan. 31, 2017

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs by Type of Cost

tore closings and realignment costs for 2017, 2016 and 2015 were as follows:



	2017			2016		2015
	(in thousands)
Lease termination costs (1)	$	(128	)	$	692	$	1,943
Employee termination benefits (1)	399			774		971
Impairment of fixed assets, net of gains on asset disposition (2)	2,957			369		25
Asset relocation and other closing costs (1)	48			126		463
Inventory cost adjustments (3)	—			—		471
	$	3,276		$	1,961	$	3,873

Restructuring Reserve Rollforward

A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses and other in the consolidated balance sheets, follows:



	Amount
	(in thousands)
Balance, January 31, 2015	$	1,706
Exit costs incurred and charged to expense
Lease termination costs	692
Employee termination benefits	774
Exit costs paid
Lease termination costs	(1,738		)
Employee termination benefits	(774		)
Balance, January 31, 2016	660
Exit costs incurred and charged to expense
Lease termination costs	(128		)
Employee termination benefits	399
Exit costs paid
Lease termination costs	(441		)
Employee termination benefits	(399		)
Balance, January 31, 2017	$	91

SEGMENT INFORMATION AND OPERATING RESULTS (Tables)

12 Months Ended

Jan. 31, 2017

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.



	Year Ended January 31,
	2017			2016			2015
	(in thousands)
Revenue
Agriculture	$	739,167		$	864,851		$	1,346,457
Construction	323,625			340,916			389,435
International	150,288			162,068			164,354
Total	$	1,213,080		$	1,367,835		$	1,900,246
Income (Loss) Before Income Taxes
Agriculture	$	(15,781	)	$	(29,710	)	$	(11,434	)
Construction	(5,875		)	(26,388		)	(11,941		)
International	(469		)	(3,004		)	(17,109		)
Segment income (loss) before income taxes	(22,125		)	(59,102		)	(40,484		)
Shared Resources	(588		)	2,891			2,144
Total	$	(22,713	)	$	(56,211	)	$	(38,340	)
Total Impairment
Agriculture	$	1,888		$	3,975		$	30,008
Construction	2,155			2,752			266
International	325			—			951
Segment impairment	4,368			6,727			31,225
Shared Resources	42			176			—
Total	$	4,410		$	6,903		$	31,225
Realignment Costs
Agriculture	$	(120	)	$	738		$	350
Construction	60			635			2,459
International	—			—			56
Segment impairment	(60		)	1,373			2,865
Shared Resources	379			224			300
Total	$	319		$	1,597		$	3,165



	Year Ended January 31,
	2017			2016		2015
	(in thousands)
Interest Income
Agriculture	$	183		$	159	$	214
Construction	341			396		459
International	31			68		83
Segment interest income	555			623		756
Shared Resources	12			17		27
Total	$	567		$	640	$	783
Interest Expense
Agriculture	$	11,201		$	15,596	$	16,983
Construction	10,196			12,575		12,110
International	2,884			4,159		8,002
Segment interest expense	24,281			32,330		37,095
Shared Resources	(2,416		)	293		(2,304		)
Total	$	21,865		$	32,623	$	34,791
Depreciation and Amortization
Agriculture	$	6,128		$	7,760	$	8,666
Construction	15,288			15,965		17,647
International	1,394			1,255		1,710
Segment depreciation and amortization	22,810			24,980		28,023
Shared Resources	4,058			3,558		3,745
Total	$	26,868		$	28,538	$	31,768
Capital Expenditures
Agriculture	$	1,585		$	2,861	$	3,324
Construction	5,480			1,492		4,779
International	898			657		1,726
Segment capital expenditures	7,963			5,010		9,829
Shared Resources	4,462			3,401		7,183
Total	$	12,425		$	8,411	$	17,012

	January 31, 2017			January 31, 2016
Total Assets	(in thousands)
Agriculture	$	411,726		$	557,579
Construction	221,092			294,891
International	106,899			109,706
Segment assets	739,717			962,176
Shared Resources	31,705			85,699
Total	$	771,422		$	1,047,875

SELECTED QUARTERLY FINANCIAL DATA (Unaudited) (Tables)

12 Months Ended

Jan. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly financial information

The following reflects selected quarterly financial information for fiscal years 2017 and 2016.



	Revenue		Gross Profit		Net Income (Loss) Including Noncontrolling Interest			Net Income (Loss) Attributable to Titan Machinery Inc.			Earnings (Loss) per Share-Basic			Earnings (Loss) per Share-Diluted
	(in thousands, except per share data)
2017
First quarter	$	284,860	$	53,548	$	(3,858	)	$	(3,684	)	$	(0.17	)	$	(0.17	)
Second quarter	278,333		52,933		(2,702		)	(2,520		)	(0.12		)	(0.12		)
Third quarter	332,266		58,426		264			264			0.01			0.01
Fourth quarter	317,621		48,822		(8,239		)	(8,239		)	(0.38		)	(0.38		)
2016
First quarter	$	353,196	$	60,435	$	(6,890	)	$	(6,304	)	$	(0.29	)	$	(0.29	)
Second quarter	334,190		62,069		170			6			—			—
Third quarter	344,975		67,141		3,483			3,456			0.16			0.16
Fourth quarter	335,474		16,269		(34,992		)	(35,050		)	(1.62		)	(1.62		)

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Jan. 31, 2017
Receivables and Credit Policy
Period from the invoice date within which trade accounts receivable due from customers	30 days
Buildings and leasehold improvements \| Minimum
Property and Equipment
Estimated useful life	10 years
Buildings and leasehold improvements \| Maximum
Property and Equipment
Estimated useful life	40 years
Machinery and equipment \| Minimum
Property and Equipment
Estimated useful life	3 years
Machinery and equipment \| Maximum
Property and Equipment
Estimated useful life	10 years
Furniture and fixtures \| Minimum
Property and Equipment
Estimated useful life	3 years
Furniture and fixtures \| Maximum
Property and Equipment
Estimated useful life	10 years
Vehicles \| Minimum
Property and Equipment
Estimated useful life	5 years
Vehicles \| Maximum
Property and Equipment
Estimated useful life	10 years
Rental fleet \| Minimum
Property and Equipment
Estimated useful life	3 years
Rental fleet \| Maximum
Property and Equipment
Estimated useful life	10 years

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Intangible Assets
Impairment of Long-Lived Assets Held-for-use		$ 6.9	$ 1.0
Customer relationships
Intangible Assets
Expected period of benefit	3 years
Covenants not to compete \| Minimum
Intangible Assets
Expected period of benefit	5 years
Covenants not to compete \| Maximum
Intangible Assets
Expected period of benefit	10 years
Shared Resource Center [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use		0.1
Agriculture [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use		4.0	0.6
Construction [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use		$ 2.8	0.3
International [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use			$ 0.1

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Carrying Value of Long-Lived Assets Analyzed for Impairment	$ 15.5
Impairment Loss		$ 6.9	$ 1.0
Agriculture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment Loss		4.0	0.6
Shared Resource Center
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment Loss		0.1
Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment Loss		$ 2.8	0.3
International
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment Loss			$ 0.1
Failed Step 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Carrying Value of Long-Lived Assets Analyzed for Impairment	9.6
Passed Step 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Carrying Value of Long-Lived Assets Analyzed for Impairment	5.9
Stores Remaining Open
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment Loss	4.4
Stores Remaining Open \| Agriculture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment Loss	1.9
Stores Remaining Open \| Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment Loss	$ 2.2

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 4) - $ / shares shares in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Denominator
Basic Weighted-Average Common Shares Outstanding									21,294	21,111	20,989
Diluted Weighted-Average Common Shares Outstanding									21,294	21,111	20,989
Earnings (Loss) per share - basic (in dollars per share)	$ (0.38)	$ 0.01	$ (0.12)	$ (0.17)	$ (1.62)	$ 0.16	$ 0.00	$ (0.29)	$ (0.65)	$ (1.76)	$ (1.51)
Earnings (Loss) per share - diluted (in dollars per share)	(0.38)	$ 0.01	$ (0.12)	$ (0.17)	$ (1.62)	$ 0.16	$ 0.00	$ (0.29)	$ (0.65)	$ (1.76)	$ (1.51)
Stock Options
Anti-dilutive securities
Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding									139	174	221
Convertible Notes
Anti-dilutive securities
Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding									2,217	3,474	3,474
Conversion price (per share of common stock)	$ 43.17								$ 43.17

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Lessor Accounting
Property and equipment, net	$ 282,412	$ 298,951
Accumulated depreciation	$ 125,765	115,772
Rental fleet equipment
Lessor Accounting
Maximum lease period	1 year
Rental revenue	$ 50,500	61,400	$ 73,700
Property and equipment, net	124,400	137,800
Accumulated depreciation	$ 49,300	$ 47,300

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 6) $ in Millions	12 Months Ended
	Jan. 31, 2017 USD ($) segment	Jan. 31, 2016 USD ($)	Jan. 31, 2015 USD ($)
Advertising Costs
Advertising Expense \| $	$ 2.9	$ 3.3	$ 5.5
Segment Reporting
Number of Reportable Segments \| segment	3

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 7) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Comprehensive Income and Foreign Currency Matters
Net foreign currency transaction gain (loss)	$ (0.7)	$ (3.8)	$ (12.3)
Devaluation of Ukrainian hryvnia
Comprehensive Income and Foreign Currency Matters
Net foreign currency transaction gain (loss)	$ (0.3)	$ (2.5)	$ (5.8)

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 8) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle
Unamortized Debt Issuance Expense		$ 0
Deferred income taxes	$ 9,500	11,135
Senior Convertible Notes
New Accounting Pronouncements or Change in Accounting Principle
Unamortized Debt Issuance Expense	$ 856	$ 1,909

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 9) $ in Thousands	12 Months Ended
	Jan. 31, 2017 USD ($)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	$ (4,324)
AOCI Attributable to Parent [Member]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	(198)
Additional Paid-in Capital [Member]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	$ (3,666)

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Details 10) (Details)	12 Months Ended
	Jan. 31, 2016
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Immaterial Error Correction	9.0

RECEIVABLES (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Receivables
Trade accounts receivable	$ 63,712	$ 69,125
Less allowance for doubtful accounts	(3,630)	(3,591)
Receivables, net	60,082	65,534
Due from customers
Receivables
Trade accounts receivable	31,636	29,251
Due from finance companies
Receivables
Trade accounts receivable	14,319	19,250
Due from manufacturers
Receivables
Trade accounts receivable	9,107	11,642
Unbilled Revenues [Member]
Receivables
Unbilled Receivables, Current	$ 8,650	$ 8,982

INVENTORIES (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Inventory Disclosure [Abstract]
New equipment	$ 235,161	$ 323,393
Used equipment	160,503	267,893
Parts and attachments	81,734	87,807
Work in process	868	1,389
Inventories	478,266	$ 680,482
Segment Reporting Information
Inventory Adjustments	27,500
Agriculture
Segment Reporting Information
Inventory Adjustments	11,400
Construction
Segment Reporting Information
Inventory Adjustments	15,900
International
Segment Reporting Information
Inventory Adjustments	$ 200

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 282,412	$ 298,951
Less accumulated depreciation	(125,765)	(115,772)
Property and equipment, net	156,647	183,179
Capital Leased Assets, Gross	24,900	25,400
Capital Leases, Accumulated Depreciation	(3,600)	(2,200)
Depreciation expense	26,700	28,200	$ 31,200
Rental fleet equipment
PROPERTY AND EQUIPMENT
Property and equipment, gross	124,417	137,754
Machinery and equipment
PROPERTY AND EQUIPMENT
Property and equipment, gross	22,255	23,051
Vehicles
PROPERTY AND EQUIPMENT
Property and equipment, gross	36,384	36,537
Furniture and fixtures
PROPERTY AND EQUIPMENT
Property and equipment, gross	39,875	38,149
Land, buildings, and leasehold improvements
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 59,481	$ 63,460

INTANGIBLE ASSETS AND GOODWILL (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
INTANGIBLE ASSETS
Cost	$ 970	$ 972
Accumulated Amortization	(851)	(720)
Net	119	252
Amortization expense	100	300	$ 600
Covenants not to compete
INTANGIBLE ASSETS
Cost	970	972
Accumulated Amortization	(851)	(720)
Net	119	252
Customer relationships
INTANGIBLE ASSETS
Cost	0	0
Accumulated Amortization	0	0
Net	$ 0	$ 0

INTANGIBLE ASSETS AND GOODWILL (Details 2) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Future amortization expense
2017	$ 73
2018	27
2019	15
2020	4
2021	0
Net	$ 119	$ 252

INTANGIBLE ASSETS AND GOODWILL INDEFINITE LIVED INTANGIBLE (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Changes in carrying amount of goodwill
Impairment	$ 0	$ 0	$ (24,739)
Fair value determination period	5 years
Goodwill, Impaired, Accumulated Impairment Loss	$ 31,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	0		$ 5,500
Certain Distribution Rights [Member]
Indefinite-lived Intangible Assets
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure	4,900
Certain Distribution Rights [Member] \| Agriculture
Indefinite-lived Intangible Assets
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure	4,800
Certain Distribution Rights [Member] \| Construction
Indefinite-lived Intangible Assets
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure	$ 100

INTANGIBLE ASSETS AND GOODWILL (Details 4) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2015
Indefinite-lived Intangible Assets [Roll Forward]
Impairment	$ 0.0	$ (5.5)
Certain Distribution Rights
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived intangibles, fair value	4.9
Certain Distribution Rights \| Agriculture
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived intangibles, fair value	4.8
Certain Distribution Rights \| Construction
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived intangibles, fair value	$ 0.1

FLOORPLAN PAYABLE/LINES OF CREDIT (Details) $ in Thousands	12 Months Ended
FLOORPLAN PAYABLE/LINES OF CREDIT (Details) $ in Thousands	Jan. 31, 2017 USD ($)	Jan. 31, 2016 USD ($)	Jan. 31, 2015 USD ($)	Oct. 31, 2016 USD ($)	Aug. 09, 2016 USD ($)
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Line of Credit Facility, Number of Significant Lines of Credit	3
Maximum borrowing capacity					$ 350,000
Floorplan payable	$ 233,228	$ 444,780
Compensating Balance, Amount	5,000
Amount Available for Dividend Distribution without Affecting Capital Adequacy Requirements	24,000
Write off of Deferred Debt Issuance Cost	600
Inventory Adjustments	27,500
Net foreign currency transaction gain (loss)	(700)	(3,800)	$ (12,300)
Devaluation of Ukrainian hryvnia
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Net foreign currency transaction gain (loss)	$ (300)	$ (2,500)	$ (5,800)
Wells Fargo Bank National Association
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Minimum Fixed Charge Coverage Ratio Covenant	1.1
Line of Credit Facility, Covenant Compliance, Fixed Charge Coverage Ratio, Threshold Percentage	15.00%
Wells Fargo Bank National Association \| Federal Funds Effective Swap Rate
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Margin over variable rate basis (as a percent)	0.50%
Wells Fargo Bank National Association \| One Month LIBOR
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Margin over variable rate basis (as a percent)	1.00%
Wells Fargo Bank National Association \| Minimum \| Base Rate
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Margin over variable rate basis (as a percent)	0.75%
Wells Fargo Bank National Association \| Maximum \| Base Rate
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Margin over variable rate basis (as a percent)	1.50%
Wells Fargo Credit Facility [Member]
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity				$ 275,000
CNH Capital America LLC
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Minimum Fixed Charge Coverage Ratio Covenant	1.25
Maximum Level of Adjusted Debt to Tangible Net Worth Covenant	3.0
DLL Finance
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Minimum Fixed Charge Coverage Ratio Covenant	1.25
Maximum Leverage Ratio Covenant	2.5
Line of Credit [Member] \| Wells Fargo Bank National Association \| Minimum
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Non-usage fee on average monthly unused amount (as a percent)	0.25%
Line of Credit [Member] \| Wells Fargo Bank National Association \| Minimum \| LIBOR
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Margin over variable rate basis (as a percent)	1.75%
Line of Credit [Member] \| Wells Fargo Bank National Association \| Maximum
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Non-usage fee on average monthly unused amount (as a percent)	0.375%
Line of Credit [Member] \| Wells Fargo Bank National Association \| Maximum \| LIBOR
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Margin over variable rate basis (as a percent)	2.50%
Line of Credit [Member] \| Wells Fargo Credit Facility [Member]
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity				$ 65,000	75,000
Reduction in borrowing capacity					$ 10,000

SENIOR CONVERTIBLE NOTES (Details) - USD ($) $ / shares in Units, $ in Millions		1 Months Ended	2 Months Ended	12 Months Ended
	Sep. 23, 2016	Apr. 30, 2012	Apr. 05, 2017	Jan. 31, 2017	Feb. 15, 2017
Minimum
SENIOR CONVERTIBLE NOTES
Number of days within 30 consecutive trading days in which the closing price of the entity's common stock must exceed the conversion price for the notes to be convertible				20 days
Percentage of the conversion price that the closing sales price of the entity's common stock must equal or exceed in order for the notes to be convertible				120.00%
Percentage of principal amount of outstanding debt held by trustee or holders, in which they may declare debt to be due and payable immediately in event of default				25.00%
Minimum \| Period after May 6, 2015
SENIOR CONVERTIBLE NOTES
Percentage of the conversion price that the closing sales price of the entity's common stock must equal or exceed in order for the notes to be redeemable				120.00%
Maximum
SENIOR CONVERTIBLE NOTES
Percentage of the trading price to the product of the last reported sale price of the entity's common stock and the conversion rate				98.00%
Convertible Notes
SENIOR CONVERTIBLE NOTES
Debt Instrument, Repurchased Face Amount	$ 54.3
Amount of debt issued		$ 150.0
Interest rate (as a percent)				3.75%
Initial conversion rate of common stock per $1,000 of principal amount of Convertible Notes (in shares)				0.0231626
Conversion price (per share of common stock)				$ 43.17
Number of consecutive trading days during which the closing price of the entity's common stock must equal or exceed the conversion price in order for the notes to be convertible				30 days
Number of consecutive business days immediately after any five consecutive trading day period during the note measurement period				5 days
Number of consecutive trading days before five consecutive business days during the note measurement period				5 days
Percentage of principal amount at which notes may be required to be repurchased in event of fundamental change by the entity				100.00%
Discount rate (as a percent)				7.00%
Extinguishment of Debt, Amount	49.1
Repayments of Debt	$ 46.0
Convertible Notes \| Period after May 6, 2015
SENIOR CONVERTIBLE NOTES
Number of consecutive trading days during which the closing price of the entity's common stock must equal or exceed the conversion price in order for the notes to be convertible				30 days
Convertible Notes \| Minimum \| Period after May 6, 2015
SENIOR CONVERTIBLE NOTES
Number of days within 30 consecutive trading days in which the closing price of the entity's common stock must exceed the conversion price for the notes to be redeemable				20 days
Subsequent Event [Member] \| Convertible Notes
SENIOR CONVERTIBLE NOTES
Debt Instrument, Repurchased Face Amount					$ 15.4
Extinguishment of Debt, Amount			$ 14.8
Repayments of Debt			$ 14.6

SENIOR CONVERTIBLE NOTES (Details 2) $ / shares in Units, $ in Thousands		2 Months Ended	12 Months Ended
	Sep. 23, 2016 USD ($)	Apr. 05, 2017 USD ($)	Jan. 31, 2017 USD ($) $ / shares	Jan. 31, 2016 USD ($)	Jan. 31, 2015 USD ($)	Feb. 15, 2017 USD ($)
SENIOR CONVERTIBLE NOTES
Principal value			$ 95,725	$ 150,000
Unamortized Debt Issuance Expense				0
Coupon interest expense			8,305	14,289	$ 14,314
Interest expense			21,865	32,623	34,791
Convertible Notes
SENIOR CONVERTIBLE NOTES
Principal value			95,725	150,000
Unamortized debt discount			(6,368)	(13,946)
Unamortized Debt Issuance Expense			(856)	(1,909)
Carrying value of senior convertible notes			88,501	134,145
Carrying value of equity component, net of deferred taxes			$ 15,546	15,546
Conversion rate (shares of common stock per $1,000 principal amount of notes)			0.0231626
Conversion price (per share of common stock) \| $ / shares			$ 43.17
Period over which unamortized debt discount will be amortized			2 years 3 months
Coupon interest expense			$ 4,355	5,625	5,625
Amortization of debt discount			2,849	3,703	3,457
Amortization of transaction costs			439	552	538
Interest expense			$ 7,643	$ 9,880	$ 9,620
Interest rate (in percentage)			7.00%	7.00%	7.00%
Senior Convertible Notes repurchased, face value	$ 54,300
Senior Convertible Notes repurchased, carrying value	49,100
Cash paid to repurchase Senior Convertible Notes	46,000
Gain on repurchase of Senior Convertible Notes	$ 3,100
Subsequent Event \| Convertible Notes
SENIOR CONVERTIBLE NOTES
Senior Convertible Notes repurchased, face value						$ 15,400
Senior Convertible Notes repurchased, carrying value		$ 14,800
Cash paid to repurchase Senior Convertible Notes		$ 14,600

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	12 Months Ended
LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
LONG-TERM DEBT
Long term debt	$ 39,609	$ 39,966
Less current maturities	(1,373)	(1,557)
Long term debt noncurrent	38,236	38,409
Unamortized Debt Issuance Expense		0
Sale-leaseback financing obligations and capital leases
LONG-TERM DEBT
Long term debt	$ 24,665	25,559
Fixed rate notes payable, mature due February 2016
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	3.96%
Fixed rate notes payable, mature through November 2019
LONG-TERM DEBT
Long term debt	$ 1,944	2,640
Working Capital Line Payable
LONG-TERM DEBT
Long term debt	13,000	0
Variable rate notes payable
LONG-TERM DEBT
Long term debt	$ 0	$ 11,767
Variable rate base	LIBOR
Interest rate margin (as a percent)	3.24%
Floorplan Line of Credit [Member] \| Non-US [Member]
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	1.50%
Floorplan Notes Payable [Member] \| UNITED STATES
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	2.78%
Minimum [Member] \| Sale-leaseback financing obligations and capital leases
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	3.40%
Minimum [Member] \| Fixed rate notes payable, mature through November 2019
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	2.94%
Maximum [Member] \| Sale-leaseback financing obligations and capital leases
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	12.60%
Maximum [Member] \| Fixed rate notes payable, mature through November 2019
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Maximum [Member] \| Floorplan Line of Credit [Member] \| Non-US [Member]
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	7.70%
Maximum [Member] \| Floorplan Notes Payable [Member] \| UNITED STATES
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	6.24%

LONG-TERM DEBT (Details 2) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Minimum Lease Payments
2017	$ 3,292
2018	3,312
2019	3,258
2020	3,165
2021	3,208
Thereafter	26,786
Total	43,021
Interest
2017	1,985
2018	1,904
2019	1,816
2020	1,729
2021	1,716
Thereafter	9,206
Total	18,356
Present Value of Minimum Lease Payments
2017	1,307
2018	1,408
2019	1,442
2020	1,436
2021	1,492
Thereafter	17,580
Total	24,665
Other Long-Term Debt
2017	66
2018	13,068
2019	72
2020	75
2021	1,663
Thereafter	0
Total	14,944
Total Present Value of Minimum Lease Payments and Other Long-Term Debt
2017	1,373
2018	14,476
2019	1,514
2020	1,511
2021	3,155
Thereafter	17,580
Long term debt	$ 39,609	$ 39,966

DERIVATIVE INSTRUMENTS (Details) - USD ($)	12 Months Ended
DERIVATIVE INSTRUMENTS (Details) - USD ($)	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015	Oct. 09, 2013
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Fair value of derivative asset	$ 0	$ 125,000
Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]
Fair value of derivative liability	1,355,000	2,836,000
Foreign currency forward contracts
Gains and Losses Recognized on Derivative Instruments:
Amount of Gain (Loss) Recognized in Other Comprehensive Income	263,000	(976,000)	$ 2,227,000
Amount of Gain (Loss) Recognized in Income	(1,019,000)	(821,000)	5,018,000
Foreign currency forward contracts \| Net Investment Hedges
DERIVATIVE INSTRUMENTS
Notional amount outstanding	0	0
Foreign currency forward contracts \| Cash Flow Hedging
DERIVATIVE INSTRUMENTS
Notional amount outstanding	0	0
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax	0
Foreign currency forward contracts \| Designated as Hedging Instrument \| Net Investment Hedges
Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]
Fair value of derivative liability	0	0
Gains and Losses Recognized on Derivative Instruments:
Amount of Gain (Loss) Recognized in Other Comprehensive Income	0	333,000	4,749,000
Amount of Gain (Loss) Recognized in Income	0	0	0
Foreign currency forward contracts \| Designated as Hedging Instrument \| Cash Flow Hedging
Gains and Losses Recognized on Derivative Instruments:
Amount of Gain (Loss) Recognized in Other Comprehensive Income	0	0	73,000
Amount of Gain (Loss) Recognized in Income	0	(62,000)	(76,000)
Foreign currency forward contracts \| Not designated as hedging instruments
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Fair value of derivative asset	0	125,000
Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]
Fair value of derivative liability	200,000	0
Gains and Losses Recognized on Derivative Instruments:
Amount of Gain (Loss) Recognized in Other Comprehensive Income	0	0	0
Amount of Gain (Loss) Recognized in Income	365,000	996,000	5,683,000
Foreign currency forward contracts \| Not designated as hedging instruments \| Cash Flow Hedging
DERIVATIVE INSTRUMENTS
Notional amount outstanding	18,021,000	13,148,000
Interest Rate Swap \| Cash Flow Hedging
DERIVATIVE INSTRUMENTS
Notional amount outstanding	100,000,000	100,000,000
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax	(1,100,000)
Derivative, Fixed Interest Rate				1.901%
Gains and Losses Recognized on Derivative Instruments:
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	(900,000)
Interest Rate Swap \| Designated as Hedging Instrument \| Cash Flow Hedging
Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]
Fair value of derivative liability	1,155,000	2,836,000
Gains and Losses Recognized on Derivative Instruments:
Amount of Gain (Loss) Recognized in Other Comprehensive Income	263,000	(1,309,000)	(2,595,000)
Amount of Gain (Loss) Recognized in Income	$ (1,384,000)	$ (1,755,000)	$ (589,000)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Payables and Accruals [Abstract]
Compensation	$ 16,163	$ 13,985
Sales, payroll, real estate and value added taxes	3,871	3,806
Interest	1,372	2,466
Insurance	500	1,395
Deferred revenue	1,634	1,247
Derivative liabilities	1,355	2,836
Other	5,638	3,331
Total accrued expenses	$ 30,533	$ 29,066

- Definition

The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.

+ References + Details

- 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, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References + Details

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation	$ 2,900
Guarantees on customer financing	2,800	$ 3,000
ProceedsFromInsuranceSettlement	3,000
Proceeds from Insurance Settlement, Investing Activities	1,431	$ 0	$ 0
Proceeds from Insurance Settlement, Operating Activities	1,600
Insured Event, Gain (Loss)	2,000
Gain on Business Interruption Insurance Recovery	$ 700

OPERATING LEASE COMMITMENTS (Details) $ in Thousands	12 Months Ended
OPERATING LEASE COMMITMENTS (Details) $ in Thousands	Jan. 31, 2017 USD ($) unit	Jan. 31, 2016 USD ($)	Jan. 31, 2015 USD ($)
Operating Leased Assets
Rent and lease expense	$ 21,300	$ 22,900	$ 23,000
Minimum future lease payments
2017	20,641
2018	19,395
2019	16,306
2020	15,600
2021	13,866
Thereafter	89,129
Total	$ 174,937
Maximum
Minimum future lease payments
Lease term	15 years
Building
Operating Leased Assets
Number of buildings leased \| unit	126

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Related Party Transactions [Abstract]
Amount of Transactions		$ 0.5	$ 1.9
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.5
Due to Related Parties	$ 0.7

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
INCOME (LOSS) BEFORE INCOME TAXES - US	$ (22,244)	$ (53,211)	$ (20,825)
INCOME (LOSS) BEFORE INCOME TAXES - FOREIGN	(469)	(3,000)	(17,515)
Loss Before Income Taxes	(22,713)	(56,211)	(38,340)
Current payable (receivable)
Federal	(5,368)	(9,193)	8,615
State	(85)	147	1,245
Foreign	116	235	54
Current Income Tax Expense (Benefit)	(5,337)	(8,811)	9,914
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal	(1,819)	(7,766)	(13,372)
State	(471)	(1,427)	(1,504)
Foreign	(551)	22	39
Deferred income taxes	(2,841)	(9,171)	(14,837)
Total	$ (8,178)	$ (17,982)	$ (4,923)
Reconciliation of statutory federal income tax rate to effective rate
U.S. statutory rate (as a percent)	(35.00%)	(35.00%)	(35.00%)
Foreign statutory rates (as a percent)	2.80%	0.60%	14.60%
State taxes on income net of federal tax benefit (as a percent)	(4.30%)	(4.10%)	(4.40%)
Valuation allowances (as a percent)	(2.70%)	5.70%	14.60%
Impairment of nondeductible goodwill from stock acquisitons (as a percent)	0.00%	0.00%	6.90%
Foreign currency devaluation (as a percent)	0.60%	(1.00%)	(11.60%)
All other, net (as a percent)	2.60%	1.80%	2.10%
Effective tax rate (as a percent)	(36.00%)	(32.00%)	(12.80%)
Current deferred tax assets:
Inventory allowances	$ 11,622	$ 18,494
Intangible Assets	6,065	6,998
Net operating losses	6,679	6,176
Accrued liabilities and other	4,573	3,670
Receivables	1,034	1,115
Hedging and derivatives	541	1,085
Stock-based compensation	845	863
Other	1,060	778
Total deferred tax assets	32,419	39,179
Valuation allowances	(8,968)	(8,853)
Deferred tax assets, net of valuation allowances	23,451	30,326
Non-current deferred tax assets (liabilities):
Property and equipment	(29,942)	(36,141)
Senior convertible notes	(2,462)	(5,320)
Total deferred tax liabilities	(32,404)	(41,461)
Net deferred tax liability	(8,953)	(11,135)
Unrecognized Tax Benefits	200
Income Tax Examination, Penalties and Interest Accrued	200
Income Tax Examination, Penalties Accrued	100
Domestic Tax Authority [Member]
Current deferred tax assets:
Valuation allowances	(3,900)	(2,400)
Foreign Tax Authority [Member]
Current deferred tax assets:
Valuation allowances	$ (5,100)	$ (6,500)

INCOME TAXES INCOME TAXES (Details 2) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Operating Loss Carryforwards [Line Items]
Undistributed earnings in non-U.S. subsidiaries	$ 1,500
Additional U.S. income taxes to be paid on repatriation of undistributed earnings	600
Valuation Allowances	8,968	$ 8,853
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	23,400
OperatingLossCarryforwardIndefinite	19,000
OperatingLossCarryforwardsLimited	4,400
Valuation Allowances	5,100	6,500
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	40,400
Valuation Allowances	$ 3,900	$ 2,400

CAPITAL STRUCTURE (Details) - $ / shares	Jan. 31, 2017	Jan. 31, 2016	Jun. 01, 2012
Stockholders' Equity Note [Abstract]
Shares authorized for issuance			50,000,000
Par value of shares authorized (in dollars per share)	$ 0.00001	$ 0.00001	$ 0.00001
Common stock, authorized shares	45,000,000	45,000,000	45,000,000
Undesignated shares authorized			5,000,000

STOCK-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
STOCK-BASED COMPENSATION
Number of shares authorized	1,650,000
Number of shares available for future awards	973,000
Stock options
Number of Options
Balance at the beginning of the period (in shares)	289,000
Granted (in shares)	0
Exercised (in shares)	(15,000)
Forfeited (in shares)	(3,000)
Balance at the end of the period (in shares)	271,000	289,000
Exercisable at the end of the period (in shares)	271,000
Weighted Average Exercise Price
Balance at the beginning of the period (in dollars per share)	$ 12.19
Granted (in dollars per share)	0.00
Exercised (in dollars per share)	8.22
Forfeited (in dollars per share)	4.50
Balance at the end of the period (in dollars per share)	12.50	$ 12.19
Exercisable at the end of the period (in dollars per share)	$ 12.50
Aggregate Intrinsic Value
Outstanding at the end of the period (in dollars)	$ 1,008	$ 76
Exercisable at the end of the period (in dollars)	$ 1,008
Weighted Average Remaining Contractual Life
Outstanding at the end of the period	1 year	2 years
Exercisable at the end of the period	1 year
Additional disclosures
Unrecognized compensation cost on non-vested stock options	$ 0
Stock options \| Board of Directors \| Minimum
STOCK-BASED COMPENSATION
Vesting period	0 years
Contractual term	5 years
Stock options \| Board of Directors \| Maximum
STOCK-BASED COMPENSATION
Vesting period	0 years
Contractual term	10 years
Stock options \| Employees \| Minimum
STOCK-BASED COMPENSATION
Vesting period	4 years
Contractual term	5 years
Stock options \| Employees \| Maximum
STOCK-BASED COMPENSATION
Vesting period	6 years
Contractual term	10 years
The Plan
STOCK-BASED COMPENSATION
Compensation cost	$ 2,100	$ 2,100	$ 2,100
Income tax benefit (net)	$ 800	$ 800	$ 800

STOCK-BASED COMPENSATION (Details 2) shares in Thousands	12 Months Ended
STOCK-BASED COMPENSATION (Details 2) shares in Thousands	Jan. 31, 2017 $ / shares shares
Stock options outstanding and exercisable by exercise price range
Options Outstanding at the end of the period (in shares) \| shares	271
Options Outstanding - Weighted Average Remaining Contractual Life	1 year
Options Outstanding - Weighted Average Exercise Price (in dollars per share)	$ 12.50
Options Exercisable at the end of the period (in shares) \| shares	271
Options Exercisable - Weighted Average Remaining Contractual Life	1 year
Options Exercisable - Weighted Average Exercise Price (in dollars per share)	$ 12.50
Range of Exercise Prices $ 21.21-26.84
Stock options outstanding and exercisable by exercise price range
Exercise price, low end of range (in dollars per share)	21.21
Exercise price, high end of range (in dollars per share)	$ 26.84
Options Outstanding at the end of the period (in shares) \| shares	74
Options Outstanding - Weighted Average Remaining Contractual Life	1 year 6 months
Options Outstanding - Weighted Average Exercise Price (in dollars per share)	$ 22.57
Options Exercisable at the end of the period (in shares) \| shares	74
Options Exercisable - Weighted Average Remaining Contractual Life	1 year 6 months
Options Exercisable - Weighted Average Exercise Price (in dollars per share)	$ 22.57
Range of Exercise Prices $ 4.00 - 8.50
Stock options outstanding and exercisable by exercise price range
Exercise price, low end of range (in dollars per share)	4.50
Exercise price, high end of range (in dollars per share)	$ 8.50
Options Outstanding at the end of the period (in shares) \| shares	170
Options Outstanding - Weighted Average Remaining Contractual Life	8 months
Options Outstanding - Weighted Average Exercise Price (in dollars per share)	$ 8.24
Options Exercisable at the end of the period (in shares) \| shares	170
Options Exercisable - Weighted Average Remaining Contractual Life	8 months
Options Exercisable - Weighted Average Exercise Price (in dollars per share)	$ 8.24
Range of Exercise Prices $ 10.20 - 14.69
Stock options outstanding and exercisable by exercise price range
Exercise price, low end of range (in dollars per share)	10.20
Exercise price, high end of range (in dollars per share)	$ 14.69
Options Outstanding at the end of the period (in shares) \| shares	27
Options Outstanding - Weighted Average Remaining Contractual Life	1 year 10 months
Options Outstanding - Weighted Average Exercise Price (in dollars per share)	$ 11.84
Options Exercisable at the end of the period (in shares) \| shares	27
Options Exercisable - Weighted Average Remaining Contractual Life	1 year 10 months
Options Exercisable - Weighted Average Exercise Price (in dollars per share)	$ 11.84

STOCK-BASED COMPENSATION (Details 3) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Restricted Stock Awards
Shares
Balance at the beginning of the period (in shares)	402
Granted (in shares)	254
Forfeited (in shares)	(24)
Vested (in shares)	(123)
Balance at the end of the period (in shares)	509	402
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 18.21
Granted (in dollars per share)	11.01	$ 15.41	$ 17.90
Forfeited (in dollars per share)	16.01
Vested (in dollars per share)	17.87
Balance at the end of the period (in dollars per share)	$ 14.83	$ 18.21
Weighted Average Remaining Contractual Term
Nonvested	2 years 7 months	3 years 5 months
Additional disclosure
Fair value of restricted stock vested	$ 1.3	$ 1.7	$ 1.5
Unrecognized compensation cost on non-vested restricted stock	$ 4.6
Restricted Stock Awards \| Employees \| Minimum
Restricted stock
Vesting period	3 years
Restricted Stock Awards \| Employees \| Maximum
Restricted stock
Vesting period	6 years
Restricted Stock Awards \| Board of Directors \| Maximum
Restricted stock
Vesting period	1 year
Restricted Stock Units
Shares
Balance at the beginning of the period (in shares)	61
Granted (in shares)	12
Forfeited (in shares)	(1)
Vested (in shares)	0
Balance at the end of the period (in shares)	72	61
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 16.71
Granted (in dollars per share)	10.69	$ 15.47
Forfeited (in dollars per share)	10.69
Vested (in dollars per share)	0.00
Balance at the end of the period (in dollars per share)	$ 15.78	$ 16.71
Weighted Average Remaining Contractual Term
Nonvested	1 year	1 year 8 months
Restricted Stock Units \| Employees \| Minimum
Restricted stock
Vesting period	3 years
Restricted Stock Units \| Employees \| Maximum
Restricted stock
Vesting period	6 years

EMPLOYEE BENEFIT PLANS (Details) $ in Millions	12 Months Ended
EMPLOYEE BENEFIT PLANS (Details) $ in Millions	Jan. 31, 2017 USD ($) yr	Jan. 31, 2016 USD ($)	Jan. 31, 2015 USD ($)
401(k) profit sharing plan
Minimum age of employees considered as an eligibility criteria for the employee benefit plan \| yr	19
Employer matching contribution as a percentage of employee's contribution	50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6.00%
Contributions to the plan \| $	$ 2.5	$ 0.2	$ 3.5

BUSINESS COMBINATIONS (Details) $ in Millions	Jan. 31, 2015 USD ($)	Aug. 29, 2014 store
BUSINESS COMBINATIONS
Business Acquisition, Transaction Costs \| $	$ 0.6
Midland Equipment, Inc.
BUSINESS COMBINATIONS
Number of stores acquired \| store		1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
FAIR VALUE OF FINANCIAL INSTRUMENTS
Face value of senior convertible notes	$ 95,725	$ 150,000
Fair value
FAIR VALUE OF FINANCIAL INSTRUMENTS
Senior convertible notes	87,000	105,000
Carrying value
FAIR VALUE OF FINANCIAL INSTRUMENTS
Senior convertible notes	$ 88,501	$ 134,145

FAIR VALUE OF FINANCIAL INSTRUMENTS ASSETS AND LIABILITIES MEASURED ON A RECURRING BASIS (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Assets	$ 0	$ 125
Financial Liabilities	1,355	2,836
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Assets	0	0
Financial Liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Assets	0	125
Financial Liabilities	1,355	2,836
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Assets	0	0
Financial Liabilities	0	0
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liabilities	1,155	2,836
Interest Rate Swap \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liabilities	0	0
Interest Rate Swap \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liabilities	1,155	2,836
Interest Rate Swap \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liabilities	0	0
Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Assets	0	125
Financial Liabilities	200	0
Foreign Exchange Contract \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Assets	0	0
Financial Liabilities	0	0
Foreign Exchange Contract \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Assets	0	125
Financial Liabilities	200	0
Foreign Exchange Contract \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Assets	0	0
Financial Liabilities	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTRUMENTS ASSETS AND LIABILITIES MEASURED ON A NONRECURRING BASIS (Details 2) - USD ($) $ in Millions	Jan. 31, 2017	Jan. 31, 2016
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of other long-lived assets	$ 3.6	$ 5.6

STORE CLOSINGS AND REALIGNMENT COST (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2017	Jan. 31, 2017 USD ($)	Jan. 31, 2016 USD ($)	Jan. 31, 2015 USD ($)
Realignment Costs
Amount of Realignment Cost Incurred		$ 3,276	$ 1,961	$ 3,873
Construction
Realignment Costs
Number of stores closed (in ones)		1
Lease termination costs \| Realignment Cost
Realignment Costs
Amount of Realignment Cost Incurred		$ (128)	692	1,943
Employee severance costs \| Realignment Cost
Realignment Costs
Amount of Realignment Cost Incurred		399	774	971
Impairment of fixed assets, net of gains on asset disposition \| Impairment
Realignment Costs
Amount of Realignment Cost Incurred		2,957	369	25
Asset relocation and other closing costs \| Realignment Cost
Realignment Costs
Amount of Realignment Cost Incurred		48	126	463
Inventory cost adjustments \| Equipment Cost of Sales
Realignment Costs
Amount of Realignment Cost Incurred		$ 0	$ 0	$ 471
Subsequent Event \| Agriculture
Realignment Costs
Number of stores closed (in ones)	14

STORE CLOSINGS AND REALIGNMENT COST (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Realignment Reserve [Roll Forward]
Balance, Beginning of Year	$ 660	$ 1,706
Realignment Costs	319	1,597	$ 3,165
Balance, End of Year	91	660	$ 1,706
Lease termination costs
Realignment Reserve [Roll Forward]
Realignment Costs	(128)	692
Exit costs paid	(441)	(1,738)
Employee severance costs
Realignment Reserve [Roll Forward]
Realignment Costs	399	774
Exit costs paid	$ (399)	$ (774)

SEGMENT INFORMATION AND OPERATING RESULTS (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2017 USD ($)	Oct. 31, 2016 USD ($)	Jul. 31, 2016 USD ($)	Apr. 30, 2016 USD ($)	Jan. 31, 2016 USD ($)	Oct. 31, 2015 USD ($)	Jul. 31, 2015 USD ($)	Apr. 30, 2015 USD ($)	Jan. 31, 2017 USD ($) segment	Jan. 31, 2016 USD ($)	Jan. 31, 2015 USD ($)
Revenue and long-lived assets
Number of Reportable Segments \| segment									3
Revenue	$ 317,621	$ 332,266	$ 278,333	$ 284,860	$ 335,474	$ 344,975	$ 334,190	$ 353,196	$ 1,213,080	$ 1,367,835	$ 1,900,246
Outside of the United States
Revenue and long-lived assets
Revenue									150,300	162,100	$ 164,400
European subsidiaries
Revenue and long-lived assets
Long-lived assets	$ 3,600				$ 4,400				$ 3,600	$ 4,400

SEGMENT INFORMATION AND OPERATING RESULTS (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Segment Reporting Information
Revenue	$ 317,621	$ 332,266	$ 278,333	$ 284,860	$ 335,474	$ 344,975	$ 334,190	$ 353,196	$ 1,213,080	$ 1,367,835	$ 1,900,246
Income (Loss) Before Income Taxes									(22,713)	(56,211)	(38,340)
Impairment of goodwill, intangible assets and long-lived assets	4,100				6,700				4,410	6,903	31,225
Realignment Costs									319	1,597	3,165
Interest Income									567	640	783
Interest expense									21,865	32,623	34,791
Depreciation and Amortization									26,868	28,538	31,768
Capital Expenditures									12,425	8,411	17,012
Total Assets	771,422				1,047,875				771,422	1,047,875
Agriculture
Segment Reporting Information
Revenue									739,167	864,851	1,346,457
Income (Loss) Before Income Taxes									(15,781)	(29,710)	(11,434)
Impairment of goodwill, intangible assets and long-lived assets									1,888	3,975	30,008
Realignment Costs									(120)	738	350
Interest Income									183	159	214
Interest expense									11,201	15,596	16,983
Depreciation and Amortization									6,128	7,760	8,666
Capital Expenditures									1,585	2,861	3,324
Total Assets	411,726				557,579				411,726	557,579
Construction
Segment Reporting Information
Revenue									323,625	340,916	389,435
Income (Loss) Before Income Taxes									(5,875)	(26,388)	(11,941)
Impairment of goodwill, intangible assets and long-lived assets									2,155	2,752	266
Realignment Costs									60	635	2,459
Interest Income									341	396	459
Interest expense									10,196	12,575	12,110
Depreciation and Amortization									15,288	15,965	17,647
Capital Expenditures									5,480	1,492	4,779
Total Assets	221,092				294,891				221,092	294,891
Shared Resources
Segment Reporting Information
Income (Loss) Before Income Taxes									(588)	2,891	2,144
Impairment of goodwill, intangible assets and long-lived assets									42	176	0
Realignment Costs									379	224	300
Interest Income									12	17	27
Interest expense									(2,416)	293	(2,304)
Depreciation and Amortization									4,058	3,558	3,745
Capital Expenditures									4,462	3,401	7,183
Total Assets	31,705				85,699				31,705	85,699
International
Segment Reporting Information
Revenue									150,288	162,068	164,354
Income (Loss) Before Income Taxes									(469)	(3,004)	(17,109)
Impairment of goodwill, intangible assets and long-lived assets									325	0	951
Realignment Costs									0	0	56
Interest Income									31	68	83
Interest expense									2,884	4,159	8,002
Depreciation and Amortization									1,394	1,255	1,710
Capital Expenditures									898	657	1,726
Total Assets	106,899				109,706				106,899	109,706
Operating Segments
Segment Reporting Information
Income (Loss) Before Income Taxes									(22,125)	(59,102)	(40,484)
Impairment of goodwill, intangible assets and long-lived assets									4,368	6,727	31,225
Realignment Costs									(60)	1,373	2,865
Interest Income									555	623	756
Interest expense									24,281	32,330	37,095
Depreciation and Amortization									22,810	24,980	28,023
Capital Expenditures									7,963	5,010	$ 9,829
Total Assets	$ 739,717				$ 962,176				$ 739,717	$ 962,176

SELECTED QUARTERLY FINANCIAL DATA (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 317,621	$ 332,266	$ 278,333	$ 284,860	$ 335,474	$ 344,975	$ 334,190	$ 353,196	$ 1,213,080	$ 1,367,835	$ 1,900,246
Gross Profit	48,822	58,426	52,933	53,548	16,269	67,141	62,069	60,435	213,729	205,914	308,384
Net Income (Loss) Including Noncontrolling Interest	(8,239)	264	(2,702)	(3,858)	(34,992)	3,483	170	(6,890)	(14,535)	(38,229)	(33,417)
Net Income (Loss) Attributable to Titan Machinery Inc.	$ (8,239)	$ 264	$ (2,520)	$ (3,684)	$ (35,050)	$ 3,456	$ 6	$ (6,304)	$ (14,179)	$ (37,892)	$ (32,157)
Earnings (Loss) per share - basic (in dollars per share)	$ (0.38)	$ 0.01	$ (0.12)	$ (0.17)	$ (1.62)	$ 0.16	$ 0.00	$ (0.29)	$ (0.65)	$ (1.76)	$ (1.51)
Earnings (Loss) per Share-Diluted (in dollars per share)	$ (0.38)	$ 0.01	$ (0.12)	$ (0.17)	$ (1.62)	$ 0.16	$ 0.00	$ (0.29)	$ (0.65)	$ (1.76)	$ (1.51)
Inventory Adjustments	$ 27,500								$ 27,500
Impairment	$ 4,100				$ 6,700				$ 4,410	$ 6,903	$ 31,225
Valuation Allowance Recognized										$ 2,400

SUBSEQUENT EVENTS (Details) - USD ($)	Jan. 31, 2018	Feb. 15, 2017	Jan. 31, 2017	Aug. 09, 2016	Jan. 31, 2016
Subsequent Event [Line Items]
Maximum borrowing capacity				$ 350,000,000
Subsequent Event
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost	$ 9,500,000
Floorplan lines of credit
Subsequent Event [Line Items]
Maximum borrowing capacity			$ 800,000,000
Floorplan lines of credit \| Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 797,500,000
DLL Finance LLC [Member] \| Floorplan lines of credit
Subsequent Event [Line Items]
Maximum borrowing capacity			$ 90,000,000.0		$ 172,000,000.0
DLL Finance LLC [Member] \| Floorplan lines of credit \| Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 45,000,000

Schedule II-Valuation and Qualifying Accounts and Reserves (Details) - Valuation reserve deduction from receivables - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Changes in valuation and qualifying accounts and reserves
Beginning Balance	$ 3,591	$ 4,218	$ 3,663
Additions Charged to Expenses	3,399	3,896	5,938
Deductions for Write-offs, Net of Recoveries	(3,428)	(4,591)	(5,452)
Foreign Currency Translation Adjustment	68	68	69
Ending Balance	$ 3,630	$ 3,591	$ 4,218