Titan Machinery (TITN) 10-Q 9 Jun 15 2016 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Apr. 30, 2015	31-May-15
Document and Entity Information
Entity Registrant Name	Titan Machinery Inc.
Entity Central Index Key	1409171
Document Type	10-Q
Document Period End Date	30-Apr-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-30
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		21,392,881
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, unless otherwise specified
Current Assets
Cash	$104,355	$127,528
Receivables (net of allowance of $4,615 and $4,218 as of April 30, 2015 and January 31, 2015, respectively)	64,892	76,382
Inventories	880,060	879,440
Prepaid expenses and other	5,179	10,634
Income taxes receivable	3,003	166
Deferred income taxes	18,488	19,025
Assets held for sale	14,946	15,312
Total current assets	1,090,923	1,128,487
Intangibles and Other Assets
Intangible assets, net of accumulated amortization	5,360	5,458
Other	6,649	7,122
Total intangibles and other assets	12,009	12,580
Property and Equipment, net of accumulated depreciation	194,788	208,680
Total Assets	1,297,720	1,349,747
Current Liabilities
Accounts payable	17,539	17,659
Floorplan payable	606,673	627,249
Current maturities of long-term debt	24,677	7,749
Customer deposits	26,247	35,090
Accrued expenses	33,362	35,496
Income taxes payable	0	3,529
Liabilities held for sale	1,540	2,835
Total current liabilities	710,038	729,607
Long-Term Liabilities
Senior convertible notes	133,245	132,350
Long-term debt, less current maturities	45,660	67,123
Deferred income taxes	39,244	38,996
Other long-term liabilities	3,488	3,312
Total long-term liabilities	221,637	241,781
Commitments and Contingencies
Stockholders' Equity
Common stock, par value $.00001 per share, 45,000 shares authorized; 21,392 shares issued and outstanding at April 30, 2015; 21,406 shares issued and outstanding at January 31, 2015	0	0
Additional paid-in-capital	240,505	240,180
Retained earnings	131,114	137,418
Accumulated other comprehensive loss	-5,729	-1,099
Total Titan Machinery Inc. stockholders' equity	365,890	376,499
Noncontrolling interest	155	1,860
Total stockholders' equity	366,045	378,359
Total Liabilities and Stockholders' Equity	$1,297,720	$1,349,747

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts Receivable, Current	($4,615)	($4,218)
Common stock, par value, in dollars per share	$0.00	$0.00
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	21,392,000	21,406,000
Common stock, shares outstanding	21,392,000	21,406,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Revenue
Equipment	$244,983	$345,045
Parts	61,520	68,379
Service	32,902	37,084
Rental and other	13,791	14,955
Total Revenue	353,196	465,463
Cost of Revenue
Equipment	227,033	316,282
Parts	43,571	48,014
Service	11,360	14,403
Rental and other	10,797	10,825
Total Cost of Revenue	292,761	389,524
Gross Profit	60,435	75,939
Operating Expenses	57,110	71,152
Impairment and Realignment Costs	1,601	2,801
Income from Operations	1,724	1,986
Other Income (Expense)
Interest income and other income (expense)	-2,124	-2,578
Floorplan interest expense	-4,599	-4,593
Other interest expense	-3,827	-3,441
Loss Before Income Taxes	-8,826	-8,626
Benefit from Income Taxes	-1,936	-1,733
Net Loss Including Noncontrolling Interest	-6,890	-6,893
Less: Net Loss Attributable to Noncontrolling Interest	-586	-344
Net Loss Attributable to Titan Machinery Inc.	-6,304	-6,549
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic	105	60
Net Loss Attributable to Titan Machinery Inc. Common Stockholders	($6,199)	($6,489)
Earnings (Loss) per Share - Note 1
Earnings (Loss) per Share - Basic, in dollars per share	($0.29)	($0.31)
Earnings (Loss) per Share - Diluted, in dollars per share	($0.29)	($0.31)
Weighted Average Common Shares - Basic	21,044	20,951
Weighted Average Common Shares - Diluted	21,044	20,951

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Net loss including noncontrolling interest	($6,890)	($6,893)
Other Comprehensive Income (Loss)
Foreign currency translation adjustments	-6,191	-1,220
Unrealized gain (loss) on net investment hedge derivative instruments, net of tax expense (benefit) of $44 and ($498) for the three months ended April 30, 2015 and 2014, respectively	67	-747
Unrealized gain on interest rate swap cash flow hedge derivative instrument, net of tax expense of $72 and $2 for the three months ended April 30, 2015 and 2014, respectively	109	3
Unrealized gain on foreign currency contract cash flow hedge derivative instruments, net of tax expense of $21 for the three months ended April 30, 2014	0	32
Other comprehensive income (loss)	-5,749	-1,923
COMPREHENSIVE INCOME (LOSS)	-12,639	-8,816
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST	-1,705	-650
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TITAN MACHINERY INC.	-10,934	-8,166
Interest Rate Swap
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	258	0
Foreign Exchange Contract
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	$8	$9

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Tax expense (benefit) on unrealized gain (loss) on net investment hedge derivative instruments	$44	($498)
Interest Rate Swap
Tax expense (benefit) on reclassification of gain (loss) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments	-172	0
Foreign Exchange Contract
Tax expense (benefit) on reclassification of gain (loss) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments	5	5
Designated as Hedging Instrument | Interest Rate Contract
Tax expense (benefit) on unrealized gain (loss) on cash flow hedge derivative instruments	72	2
Designated as Hedging Instrument | Cash Flow Hedges
Tax expense (benefit) on unrealized gain (loss) on cash flow hedge derivative instruments	$0	$21

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Foreign Currency Translation Adjustments	Unrealized Gains (Losses) on Net Investment Hedges	Unrealized Gains (Losses) on Interest Rate Swap Cash Flow Hedges	Unrealized Gains (Losses) on Foreign Currency Contract Cash Flow Hedges	Accumulated Other Comprehensive Income (Loss)	Total Titan Machinery Inc. Stockholders' Equity	Noncontrolling Interest
In Thousands, unless otherwise specified	USD ($)		USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Balance at Jan. 31, 2014	$411,342		$238,857	$169,575	$1,541	($339)	($737)	($126)	$339	$408,771	$2,571
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 tax benefits of equity awards	-23		-23							-23
Common stock issued on grant of restricted stock, exercise of stock options, and tax benefits of equity awards (in shares)		-8
Stock-based compensation expense	463		463							463	0
Other (in shares)		0
Other	-1		-502							-502	501
Comprehensive income (loss):
Net loss	-6,893			-6,549						-6,549	-344
Other comprehensive income (loss)	-1,923				-914	-747	3	41	-1,617	-1,617	-306
COMPREHENSIVE INCOME (LOSS)	-8,816									-8,166	-650
Balance at Apr. 30, 2014	402,965		238,795	163,026	627	-1,086	-734	-85	-1,278	400,543	2,422
Balance (in shares) at Apr. 30, 2014		21,253
Balance at Jan. 31, 2015	378,359		240,180	137,418	-1,632	2,510	-1,940	-37	-1,099	376,499	1,860
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 tax benefits of equity awards	-206		-206							-206
Common stock issued on grant of restricted stock, exercise of stock options, and tax benefits of equity awards (in shares)		-14
Stock-based compensation expense	531		531							531
Comprehensive income (loss):
Net loss	-6,890			-6,304						-6,304	-586
Other comprehensive income (loss)	-5,749				-5,072	67	367	8	-4,630	-4,630	-1,119
COMPREHENSIVE INCOME (LOSS)	-12,639									-10,934	-1,705
Balance at Apr. 30, 2015	$366,045		$240,505	$131,114	($6,704)	$2,577	($1,573)	($29)	($5,729)	$365,890	$155
Balance (in shares) at Apr. 30, 2015		21,392

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Operating Activities
Net loss including noncontrolling interest	($6,890)	($6,893)
Adjustments to reconcile net loss including noncontrolling interest to net cash provided by (used for) operating activities
Depreciation and amortization	6,667	6,729
Asset Impairment Charges	152	0
Deferred income taxes	497	232
Stock-based compensation expense	531	463
Noncash interest expense	1,765	1,151
Unrealized foreign currency (gain) loss on loans to international subsidiaries	100	-1,282
Other, net	126	646
Changes in assets and liabilities
Receivables, prepaid expenses and other assets	13,525	23,925
Inventories	522	-41,963
Manufacturer floorplan payable	12,980	-17,308
Accounts payable, customer deposits, accrued expenses and other long-term liabilities	-9,092	-14,639
Income taxes	-6,577	-5,663
Net Cash Provided by (Used for) Operating Activities	14,306	-54,602
Investing Activities
Rental fleet purchases	-112	-629
Property and equipment purchases (excluding rental fleet)	-2,170	-5,078
Proceeds from sale of property and equipment	634	471
Proceeds upon settlement of net investment hedge derivative instruments	180	0
Payments upon settlement of net investment hedge derivative instruments	0	-915
Other, net	18	28
Net Cash Used for Investing Activities	-1,450	-6,123
Financing Activities
Net change in non-manufacturer floorplan payable	-30,001	65,305
Proceeds from long-term debt borrowings	811	5,832
Principal payments on long-term debt	-5,687	-2,505
Other, net	-443	-207
Net Cash Provided by (Used for) Financing Activities	-35,320	68,425
Effect of Exchange Rate Changes on Cash	-709	69
Net Change in Cash	-23,173	7,769
Cash at Beginning of Period	127,528	74,242
Cash at End of Period	104,355	82,011
Cash paid during the period
Income taxes, net of refunds	4,093	3,973
Interest	7,684	5,475
Supplemental Disclosures of Noncash Investing and Financing Activities
Net property and equipment financed with long-term debt, accounts payable and accrued liabilities	77	1,100
Net transfer of assets to (from) property and equipment from (to) inventories	($7,029)	$1,962

BUSINESS_ACTIVITY_AND_SIGNIFIC

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Apr. 30, 2015
Accounting Policies [Abstract]
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES	BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s Agriculture, Construction and International customers. Therefore, operating results for the three-month period ended April 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2016. The information contained in the balance sheet as of January 31, 2015 was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended January 31, 2015 as filed with the SEC.
	The amounts included in the accompanying unaudited Consolidated Statements of Operations for the three-month period ended April 30, 2014 have been updated to reflect a correction in the Company's VAT asset classification as of April 30, 2014. This correction has been previously disclosed in the Company's Form 10-Q for the period ended July 31, 2014 and the Company's Form 10-K for the year ended January 31, 2015 and resulted from the Company's conclusion, reached subsequent to the issuance of the Company’s interim consolidated financial statements as of and for the period ended April 30, 2014, that the treatment of its prepaid value added tax (“VAT”) asset in Ukraine as a non-monetary asset was incorrect and that the asset should be classified and accounted for as a monetary asset and therefore should be remeasured from Ukrainian hryvnia (“UAH”) to U.S. Dollars (“USD”) using the current rate as opposed to the historical rate used for non-monetary assets. In February of 2014, the National Bank of Ukraine terminated the currency peg of the UAH to the USD; subsequent to the decoupling and as a result of the economic and political conditions present in the country, the UAH experienced significant devaluation. The incorrect classification of the VAT asset as a non-monetary asset coupled with the significant devaluation of the UAH resulted in an overstatement of the Company’s assets (Prepaid expenses and other) as of April 30, 2014 and an understatement of the Company’s loss (Interest income and other income (expense)) for the three months ended April 30, 2014. This correction increased the Company’s Net Loss Attributable to Titan Machinery Inc. by $2.3 million (from the previously reported $4.2 million to $6.5 million) and increased the diluted loss per share by $0.11 (from the previously reported $0.20 loss per share to a $0.31 loss per share).
	Nature of Business
	The Company is engaged in the retail sale, service and rental of agricultural and construction machinery through its stores in the United States and Europe. The Company’s North American stores are located in Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Romania, Serbia and Ukraine.
	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, initial valuation and impairment analyses of intangible assets, collectability of receivables, and income taxes.
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.
	Earnings (Loss) Per Share (“EPS”)
	The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year.
	Diluted EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. There were approximately 211,000 and 375,000 stock options outstanding that were excluded from the computation of diluted EPS for the three months ended April 30, 2015 and 2014, respectively, because they were anti-dilutive. None of the approximately 3,474,000 shares underlying the Company’s senior convertible notes were included in the computation of diluted EPS because the Company’s average stock price was less than the conversion price of $43.17.
	The following table sets forth the calculation of the denominator for basic and diluted EPS:
		Three Months Ended April 30,
		2015			2014
		(in thousands, except per share data)
	Basic Weighted-Average Common Shares Outstanding	21,044			20,951
	Plus: Incremental Shares From Assumed Exercise of Stock Options	—			—
	Diluted Weighted-Average Common Shares Outstanding	21,044			20,951
	Earnings (Loss) per Share - Basic	$	(0.29	)	$	(0.31	)
	Earnings (Loss) per Share - Diluted	$	(0.29	)	$	(0.31	)
	Recent Accounting Guidance
	In May 2014, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, Revenue from Contracts with Customers. This guidance supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. When adopted, the Company will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
	In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, Going Concern. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management’s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.
	In April 2015, the FASB amended authoritative guidance on debt issuance costs, codified in ASC 835-30, Imputation of Interest. The amended guidance changes the balance sheet presentation of debt issuance costs to be a direct deduction from the related debt liability rather than an asset. This guidance is effective for the Company on February 1, 2016, with early adoption permitted. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.

INVENTORIES

INVENTORIES	3 Months Ended
	Apr. 30, 2015
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES
		April 30, 2015		January 31, 2015
		(in thousands)
	New equipment	$	451,587	$	442,984
	Used equipment	314,818		318,308
	Parts and attachments	100,944		107,893
	Work in process	12,711		10,255
		$	880,060	$	879,440

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Apr. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT
		April 30, 2015			January 31, 2015
		(in thousands)
	Rental fleet equipment	$	137,616		$	148,198
	Machinery and equipment	23,858			24,071
	Vehicles	42,436			43,435
	Furniture and fixtures	39,697			39,421
	Land, buildings, and leasehold improvements	57,074			57,630
		300,681			312,755
	Less accumulated depreciation	(105,893		)	(104,075		)
		$	194,788		$	208,680

LINES_OF_CREDIT_FLOORPLAN_PAYA

LINES OF CREDIT / FLOORPLAN PAYABLE	3 Months Ended
	Apr. 30, 2015
Line of Credit Facility [Abstract]
LINES OF CREDIT / FLOORPLAN PAYABLE	LINES OF CREDIT / FLOORPLAN PAYABLE
	Floorplan Lines of Credit
	Floorplan payable balances reflect the amount owed for new equipment inventory purchased from a manufacturer and for used equipment inventory, which is primarily purchased through trade-in on equipment sales. Certain of the manufacturers from which the Company purchases new equipment inventory offer financing on these purchases, either offered directly from the manufacturer or through the manufacturers’ captive finance subsidiaries. CNH Industrial America LLC's captive finance subsidiary, CNH Industrial Capital America LLC ("CNH Industrial Capital"), also provides financing of used equipment inventory. The Company also has floorplan payable balances with non-manufacturer lenders for new and used equipment inventory. Changes in manufacturer floorplan payable are reported as operating cash flows and changes in non-manufacturer floorplan payable are reported as financing cash flows in the Company's consolidated statements of cash flows. The Company has three significant floorplan lines of credit, credit facilities related to its foreign subsidiaries, and other floorplan payable balances with non-manufacturer lenders and manufacturers other than CNH Industrial.
	As of April 30, 2015, the Company had discretionary floorplan lines of credit for equipment inventory purchases totaling approximately $1.1 billion, which includes a $275.0 million Floorplan Payable Line with a group of banks led by Wells Fargo Bank, National Association ("Wells Fargo"), a $450.0 million credit facility with CNH Industrial Capital, a $200.0 million credit facility with Agricredit Acceptance LLC and the U.S. dollar equivalent of $128.4 million in credit facilities related to our foreign subsidiaries. Floorplan payables relating to these credit facilities totaled approximately $573.0 million of the total floorplan payable balance of $606.7 million outstanding as of April 30, 2015 and $594.1 million of the total floorplan payable balance of $627.2 million outstanding as of January 31, 2015; the remaining outstanding balances relate to equipment inventory financing from manufacturers and non-manufacturer lenders other than the aforementioned lines of credit. As of April 30, 2015, the U.S. floorplan payables carried various interest rates primarily ranging from 3.31% to 5.02%, and the foreign floorplan payables carried various interest rates primarily ranging from 1.81% to 12.00%.
	Working Capital Line of Credit
	As of April 30, 2015, the Company had a $87.5 million working capital line of credit under the credit facility with Wells Fargo. The Company had $18.7 million outstanding on its working capital line of credit as of April 30, 2015 and January 31, 2015. Amounts outstanding are recorded as long-term debt, within long-term liabilities on the consolidated balance sheets, as the Company does not have an obligation to repay amounts borrowed within one year.

SENIOR_CONVERTIBLE_NOTES

SENIOR CONVERTIBLE NOTES (Senior Convertible Notes)	3 Months Ended
	Apr. 30, 2015
Senior Convertible Notes
SENIOR CONVERTIBLE NOTES
SENIOR CONVERTIBLE NOTES	SENIOR CONVERTIBLE NOTES
	The Company’s 3.75% Senior Convertible Notes issued on April 24, 2012 (“Convertible Notes”) consisted of the following:
		April 30, 2015			January 31, 2015
		(in thousands except conversion
		rate and conversion price)
	Principal value	$	150,000		$	150,000
	Unamortized debt discount	(16,755		)	(17,650		)
	Carrying value of senior convertible notes	$	133,245		$	132,350
	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:
		Three Months Ended April 30,
		2015			2014
		(in thousands)
	Cash Interest Expense
	Coupon interest expense	$	1,406		$	1,406
	Noncash Interest Expense
	Amortization of debt discount	894			835
	Amortization of transaction costs	136			133
		$	2,436		$	2,374
	As of April 30, 2015, the unamortized debt discount will be amortized over a remaining period of approximately 4 years. As of April 30, 2015 and January 31, 2015, the if-converted value of the Senior Convertible Notes did not exceed the principal balance. The effective interest rate of the liability component was equal to 7.0% for each of the statements of operations periods presented.

DERIVATIVE_INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
	Apr. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS
	The Company holds derivative instruments for the purpose of minimizing exposure to fluctuations in foreign currency exchange rates to which the Company is exposed in the normal course of its operations.
	Net Investment Hedges
	To protect the value of the Company’s investments in its foreign operations against adverse changes in foreign currency exchange rates, the Company may, from time to time, hedge a portion of its net investment in one or more of its foreign subsidiaries. Gains and losses on derivative instruments that are designated and effective as a net investment hedge are included in other comprehensive income and only reclassified into earnings in the period during which the hedged net investment is sold or liquidated. Any hedge ineffectiveness is recognized in earnings immediately.
	Cash Flow Hedges
	On October 9, 2013, the Company entered into a forward-starting interest rate swap instrument which has a notional amount of $100.0 million dollars, an effective date of September 30, 2014 and a maturity date of September 30, 2018. The objective of the instrument is to, beginning on September 30, 2014, protect the Company from changes in benchmark interest rates to which the Company is exposed through certain of its variable interest rate credit facilities. The instrument provides for a fixed interest rate of 1.901% up to the maturity date.
	The Company may, from time to time, hedge foreign currency exchange rate risk arising from inventory purchases denominated in Canadian dollars through the use of foreign currency forward contracts. The maximum length of time over which the Company hedges its exposure to the variability in future cash flows associated with the Canadian dollar purchasing is less than 12 months.
	The interest rate swap instrument and foreign currency contracts have been designated as cash flow hedging instruments and accordingly changes in the effective portion of the fair value of the instruments are recorded in other comprehensive income and only reclassified into earnings in the period(s) in which the related hedged item affects earnings or the anticipated underlying hedged transactions are no longer probable of occurring. Any hedge ineffectiveness is recognized in earnings immediately.
	Derivative Instruments Not Designated as Hedging Instruments
	The Company uses foreign currency forward contracts to hedge the effects of fluctuations in exchange rates on outstanding intercompany loans. The Company does not formally designate and document such derivative instruments as hedging instruments; however, the instruments are an effective economic hedge of the underlying foreign currency exposure. Both the gain or loss on the derivative instrument and the offsetting gain or loss on the underlying intercompany loan are recognized in earnings immediately, thereby eliminating or reducing the impact of foreign currency exchange rate fluctuations on net income.
	The following table sets forth the notional value of the Company's outstanding derivative instruments.
		Notional Amount as of:
		April 30, 2015		January 31, 2015
		(in thousands)
	Net investment hedge:
	Foreign currency contracts	$	7,691	$	14,223
	Cash flow hedges:
	Interest rate swap	100,000		100,000
	Foreign currency contracts	—		—
	Derivatives not designated as hedging instruments:
	Foreign currency contracts	28,578		30,030
	The following table sets forth the fair value of the Company’s outstanding derivative instruments.
		Fair Value as of:					Balance Sheet Location
		April 30, 2015		January 31, 2015
		(in thousands)
	Liability Derivatives:
	Derivatives designated as hedging instruments:
	Net investment hedges:
	Foreign currency contracts	$	88	$	19		Accrued expenses
	Cash flow hedges:
	Interest rate swap	$	2,622	$	3,233		Accrued expenses
	Derivatives not designated as hedging instruments:
	Foreign currency contracts	273		17			Accrued expenses
	Total Liability Derivatives	$	2,983	$	3,269
	The following table sets forth the gains and losses recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company’s derivative instruments for the three months ended April 30, 2015 and 2014, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.
		Three Months Ended April 30,
		2015					2014
		OCI		Income (Loss)			OCI			Income (Loss)			Statements of Operations Classification
		(in thousands)
	Dervatives Designated as Hedging Instruments:
	Net investment hedges:
	Foreign currency contracts	$	111	$	—		$	(1,245	)	$	—		N/A
	Cash flow hedges:
	Interest rate swap	181		(430		)	5			—			Floorplan interest expense
	Foreign currency contracts	—		(13		)	53			(14		)	Cost of revenue - equipment
	Dervatives Not Designated as Hedging Instruments:
	Foreign currency contracts	—		82			—			(1,303		)	Interest income and other income (expense)
	Total Derivatives	$	292	$	(361	)	$	(1,187	)	$	(1,317	)
	No components of the Company's net investment or cash flow hedging instruments were excluded from the assessment of hedge ineffectiveness.
	As of April 30, 2015, the Company had $2.6 million in pre-tax net unrealized losses associated with its interest rate swap cash flow hedging instrument recorded in accumulated other comprehensive income. The Company expects that $1.6 million of pre-tax unrealized losses associated with its interest rate swap will be reclassified into income over the next 12 months.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Apr. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The liabilities which are measured at fair value on a recurring basis as of April 30, 2015 and January 31, 2015 are as follows:
		April 30, 2015								January 31, 2015
		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
		(in thousands)								(in thousands)
	Financial Liabilities
	Interest rate swap	$	—	$	2,622	$	—	$	2,622	$	—	$	3,233	$	—	$	3,233
	Foreign currency contracts	—		361		—		361		—		36		—		36
	Total Financial Liabilities	$	—	$	2,983	$	—	$	2,983	$	—	$	3,269	$	—	$	3,269
	The valuation for the Company's foreign currency contracts and interest rate swap derivative instruments were valued using discounted cash flow analyses, an income approach, utilizing readily observable market data as inputs.
	The Company also has financial instruments that are not recorded at fair value in its consolidated financial statements. The carrying amount of cash, receivables, payables, short-term debt and other current liabilities approximates fair value because of the short maturity and/or frequent repricing of those instruments, which are Level 2 fair value inputs. Based upon current borrowing rates with similar maturities, which are Level 2 fair value inputs, the carrying value of long-term debt approximates the fair value as of April 30, 2015 and January 31, 2015, respectively. The following table provides details on the Senior Convertible Notes as of April 30, 2015 and January 31, 2015. The difference between the face value and the carrying value of these notes is the result of the allocation between the debt and equity components. Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.
		April 30, 2015						January 31, 2015
		Estimated Fair Value		Carrying Value		Face Value		Estimated Fair Value		Carrying Value		Face Value
		(in thousands)						(in thousands)
	Senior convertible notes	$	117,219	$	133,245	$	150,000	$	111,273	$	132,350	$	150,000

SEGMENT_INFORMATION_AND_OPERAT

SEGMENT INFORMATION AND OPERATING RESULTS	3 Months Ended
	Apr. 30, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION AND OPERATING RESULTS	SEGMENT INFORMATION AND OPERATING RESULTS
	The Company has three reportable segments: Agriculture, Construction and International. During the three months ended April 30, 2015, the Company made changes to its internal financial reporting, primarily related to the elimination of transactions within a segment. Previously, the segment results were reported at gross amounts with eliminations reported separately to reconcile to consolidated financial results. During the three months ended April 30, 2015, the Company began reporting these eliminations within the segments to which they relate. The financial information as of January 31, 2015 and for the three months ended April 30, 2014 have been reclassified for comparability with the current year presentation.
	Revenue between segments is immaterial. The Company retains various unallocated income/(expense) items and assets at the general corporate level, which the Company refers to as “Shared Resources” in the table below. Shared Resources assets primarily consist of cash, deferred tax assets and property and equipment.
	Certain financial information for each of the Company’s business segments is set forth below.
		Three Months Ended April 30,
		2015			2014
		(in thousands)
	Revenue
	Agriculture	$	239,855		$	344,381
	Construction	81,171			91,765
	International	32,170			29,317
	Total	$	353,196		$	465,463
	Income (Loss) Before Income Taxes
	Agriculture	$	(1,086	)	$	3,505
	Construction	(3,565		)	(5,993		)
	International	(4,371		)	(5,265		)
	Segment income (loss) before income taxes	(9,022		)	(7,753		)
	Shared Resources	196			(873		)
	Loss Before Income Taxes	$	(8,826	)	$	(8,626	)
		April 30, 2015			January 31, 2015
		(in thousands)
	Total Assets
	Agriculture	$	681,952		$	734,894
	Construction	368,407			393,573
	International	130,886			152,587
	Segment assets	1,181,245			1,281,054
	Shared Resources	116,475			68,693
	Total	$	1,297,720		$	1,349,747

STORE_CLOSINGS_AND_REALIGNMENT

STORE CLOSINGS AND REALIGNMENT COST	3 Months Ended
	Apr. 30, 2015
Restructuring and Related Activities [Abstract]
STORE CLOSINGS AND REALIGNMENT COSTS	STORE CLOSINGS AND REALIGNMENT COSTS
	To better align the Company's cost structure and re-balance staffing levels with the evolving needs of the business, in March 2015, the Company approved a realignment plan that reduced its headcount by approximately 14%, which included headcount reductions at stores in each of its operating segments and its Shared Resource Center, as well as from the closing of three Agriculture stores and one Construction store. The Company's remaining stores in each of the respective areas assumed the distribution rights for the CNH Industrial brand previously held by the closed stores. The Company estimates the total cost of these activities to be approximately $2.0 million, comprised of an accrual for the net present value of remaining lease obligations, employee severance costs, impairment of certain fixed assets and costs associated with relocation of assets from the closed stores. The Company recognized approximately $0.1 million in exists costs primarily in its International segment in its fourth quarter ended January 31, 2015, and recognized $1.6 million in the three months ended April 30, 2015.
	To better align its Construction business in certain markets, in April 2014, the Company reduced its Construction-related headcount by approximately 12% primarily through the closing of seven underperforming Construction stores, staff reductions at other dealerships and reductions in support staff at its Shared Resource Center. The Company also closed one Agriculture store. The Company's remaining stores in each of the respective areas assumed the majority of the distribution rights for the CNH Industrial brand previously held by the closed stores. The majority of the assets of the closed stores were redeployed to other store locations. Certain inventory items which are not sold by any of our remaining stores were sold at auction. The inventory markdown attributable to such items are included in the exit cost summary below. The Company incurred $3.2 million in exit costs in the three months ended April 30, 2014 and $3.8 million in exit costs during the year ended January 31, 2015. No additional amounts are expected to be incurred related to the closing of these stores, exclusive of any changes in lease termination accrual assumptions.
	The following summarizes the exit costs associated with the aforementioned store closings and realignment activities:
		Three Months Ended April 30,
		2015			2014		Income Statement Classification
		(in thousands)
	Construction Segment
	Lease termination costs	$	261		$	1,518	Impairment and Realignment Costs
	Employee severance costs	258			451		Impairment and Realignment Costs
	Impairment of fixed assets, net of gains on asset disposition	90			152		Impairment and Realignment Costs
	Asset relocation and other closing costs	54			165		Impairment and Realignment Costs
		$	663		$	2,286
	Agriculture Segment
	Lease termination costs	$	251		$	114	Impairment and Realignment Costs
	Employee severance costs	304			71		Impairment and Realignment Costs
	Impairment of fixed assets, net of gains on asset disposition	—			85		Impairment and Realignment Costs
	Asset relocation and other closing costs	85			32		Impairment and Realignment Costs
	Inventory cost adjustments	—			404		Equipment Cost of Sales
		$	640		$	706
	International
	Employee severance costs	$	—		$	—	Impairment and Realignment Costs
		$	—		$	—
	Shared Resource Center
	Lease termination costs	$	49		$	—	Impairment and Realignment Costs
	Employee severance costs	$	187		$	213	Impairment and Realignment Costs
	Impairment of fixed assets, net of gains on asset disposition	62			—		Impairment and Realignment Costs
		$	298		$	213
	Total
	Lease termination costs	$	561		$	1,632	Impairment and Realignment Costs
	Employee severance costs	749			735		Impairment and Realignment Costs
	Impairment of fixed assets, net of gains on asset disposition	152			237		Impairment and Realignment Costs
	Asset relocation and other closing costs	139			197		Impairment and Realignment Costs
	Inventory cost adjustments	—			404		Equipment Cost of Sales
		$	1,601		$	3,205	—
	In connection with its realignment plan initiated in the first quarter of fiscal 2016, the Company accrued for lease termination and employee severance costs during the quarter ended April 30, 2015, but exit costs related to impairment, asset relocation and other closing costs and inventory cost adjustments were not accrued but recognized as incurred. A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:
		Amount
		(in thousands)
	Balance, January 31, 2015	$	1,706
	Exit costs incurred and charged to expense
	Lease termination costs	561
	Employee severance costs	749
	Exit costs paid
	Lease termination costs	(138		)
	Employee severance costs	(644		)
	Balance, April 30, 2015	$	2,234

HELD_FOR_SALE

HELD FOR SALE	3 Months Ended
	Apr. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
HELD FOR SALE	HELD FOR SALE
	The assets and liabilities which are held for sale are presented in the following table:
		April 30, 2015		January 31, 2015
		(in thousands)
	Assets Held for Sale
	Receivables	$	79	$	147
	Inventories
	New equipment	5,538		6,269
	Used equipment	3,448		3,973
	Parts and attachments	863		920
	Work in process	86		65
	Total inventories	9,935		11,227
	Property and equipment
	Machinery and equipment	106		114
	Vehicles	154		155
	Furniture and fixtures	51		57
	Land, buildings, and leasehold improvements	4,621		3,612
	Total property and equipment	4,932		3,938
		$	14,946	$	15,312
	Liabilities Held for Sale
	Accounts payable	$	68	$	151
	Floorplan payable	1,321		1,771
	Customer deposits	151		913
		$	1,540	$	2,835

INCOME_TAXES_INCOME_TAXES

INCOME TAXES INCOME TAXES	3 Months Ended
	Apr. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure	INCOME TAXES
	The Company incurs a provision for income taxes in jurisdictions in which it has taxable income. Generally the Company receives a benefit for income taxes in jurisdictions in which it has taxable losses unless it has recorded a valuation allowance for that jurisdiction. These losses are available to reduce future taxable income in these jurisdictions if earned within the allowable net operating loss carryforward period. The foreign jurisdictions in which the Company operates have net operating loss carryforward periods ranging from five to seven years, with certain jurisdictions having indefinite carryforward periods.
	The components of loss before income taxes are as follows:
		Three Months Ended April 30,
		2015				2014
		(dollars in thousands)
	U.S.	$	(4,488	)		$	(3,223	)
	Foreign	(4,338		)		(5,403		)
	Total	$	(8,826	)		$	(8,626	)
	A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
		Three Months Ended April 30,
		2015			2014
	U.S. statutory rate	(35.0	)%		(35.0	)%
	Foreign statutory rates	11.7	%		10.6	%
	State taxes on income net of federal tax benefit	(4.1	)%		(4.3	)%
	Change in valuation allowance	35.7	%		46.3	%
	Tax effect of Ukrainian hryvnia devaluation(a)	(28.0	)%		(36.6	)%
	All other, net	(2.2	)%		(1.1	)%
		(21.9	)%		(20.1	)%
	(a) Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrianian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss).

BUSINESS_ACTIVITY_AND_SIGNIFIC1

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Apr. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
	The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s Agriculture, Construction and International customers. Therefore, operating results for the three-month period ended April 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2016. The information contained in the balance sheet as of January 31, 2015 was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended January 31, 2015 as filed with the SEC.
Accounting Changes and Error Corrections	The amounts included in the accompanying unaudited Consolidated Statements of Operations for the three-month period ended April 30, 2014 have been updated to reflect a correction in the Company's VAT asset classification as of April 30, 2014. This correction has been previously disclosed in the Company's Form 10-Q for the period ended July 31, 2014 and the Company's Form 10-K for the year ended January 31, 2015 and resulted from the Company's conclusion, reached subsequent to the issuance of the Company’s interim consolidated financial statements as of and for the period ended April 30, 2014, that the treatment of its prepaid value added tax (“VAT”) asset in Ukraine as a non-monetary asset was incorrect and that the asset should be classified and accounted for as a monetary asset and therefore should be remeasured from Ukrainian hryvnia (“UAH”) to U.S. Dollars (“USD”) using the current rate as opposed to the historical rate used for non-monetary assets. In February of 2014, the National Bank of Ukraine terminated the currency peg of the UAH to the USD; subsequent to the decoupling and as a result of the economic and political conditions present in the country, the UAH experienced significant devaluation. The incorrect classification of the VAT asset as a non-monetary asset coupled with the significant devaluation of the UAH resulted in an overstatement of the Company’s assets (Prepaid expenses and other) as of April 30, 2014 and an understatement of the Company’s loss (Interest income and other income (expense)) for the three months ended April 30, 2014. This correction increased the Company’s Net Loss Attributable to Titan Machinery Inc. by $2.3 million (from the previously reported $4.2 million to $6.5 million) and increased the diluted loss per share by $0.11 (from the previously reported $0.20 loss per share to a $0.31 loss per share).
Nature of Business	Nature of Business
	The Company is engaged in the retail sale, service and rental of agricultural and construction machinery through its stores in the United States and Europe. The Company’s North American stores are located in Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Romania, Serbia and Ukraine.
Estimates	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, initial valuation and impairment analyses of intangible assets, collectability of receivables, and income taxes.
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.
Earnings (Loss) Per Share (EPS)	Earnings (Loss) Per Share (“EPS”)
	The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year.
	Diluted EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. There were approximately 211,000 and 375,000 stock options outstanding that were excluded from the computation of diluted EPS for the three months ended April 30, 2015 and 2014, respectively, because they were anti-dilutive. None of the approximately 3,474,000 shares underlying the Company’s senior convertible notes were included in the computation of diluted EPS because the Company’s average stock price was less than the conversion price of $43.17.
	The following table sets forth the calculation of the denominator for basic and diluted EPS:
		Three Months Ended April 30,
		2015			2014
		(in thousands, except per share data)
	Basic Weighted-Average Common Shares Outstanding	21,044			20,951
	Plus: Incremental Shares From Assumed Exercise of Stock Options	—			—
	Diluted Weighted-Average Common Shares Outstanding	21,044			20,951
	Earnings (Loss) per Share - Basic	$	(0.29	)	$	(0.31	)
	Earnings (Loss) per Share - Diluted	$	(0.29	)	$	(0.31	)
New Accounting Pronouncements	Recent Accounting Guidance
	In May 2014, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, Revenue from Contracts with Customers. This guidance supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. When adopted, the Company will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
	In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, Going Concern. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management’s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.
	In April 2015, the FASB amended authoritative guidance on debt issuance costs, codified in ASC 835-30, Imputation of Interest. The amended guidance changes the balance sheet presentation of debt issuance costs to be a direct deduction from the related debt liability rather than an asset. This guidance is effective for the Company on February 1, 2016, with early adoption permitted. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.

BUSINESS_ACTIVITY_AND_SIGNIFIC2

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Apr. 30, 2015
Accounting Policies [Abstract]
Schedule of calculation of basic and diluted EPS	The following table sets forth the calculation of the denominator for basic and diluted EPS:
		Three Months Ended April 30,
		2015			2014
		(in thousands, except per share data)
	Basic Weighted-Average Common Shares Outstanding	21,044			20,951
	Plus: Incremental Shares From Assumed Exercise of Stock Options	—			—
	Diluted Weighted-Average Common Shares Outstanding	21,044			20,951
	Earnings (Loss) per Share - Basic	$	(0.29	)	$	(0.31	)
	Earnings (Loss) per Share - Diluted	$	(0.29	)	$	(0.31	)

INVENTORIES_Tables

INVENTORIES (Tables)	3 Months Ended
	Apr. 30, 2015
Inventory Disclosure [Abstract]
Schedule of inventories
		April 30, 2015		January 31, 2015
		(in thousands)
	New equipment	$	451,587	$	442,984
	Used equipment	314,818		318,308
	Parts and attachments	100,944		107,893
	Work in process	12,711		10,255
		$	880,060	$	879,440

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Apr. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment
		April 30, 2015			January 31, 2015
		(in thousands)
	Rental fleet equipment	$	137,616		$	148,198
	Machinery and equipment	23,858			24,071
	Vehicles	42,436			43,435
	Furniture and fixtures	39,697			39,421
	Land, buildings, and leasehold improvements	57,074			57,630
		300,681			312,755
	Less accumulated depreciation	(105,893		)	(104,075		)
		$	194,788		$	208,680

SENIOR_CONVERTIBLE_NOTES_Table

SENIOR CONVERTIBLE NOTES (Tables) (Senior Convertible Notes)	3 Months Ended
	Apr. 30, 2015
Senior Convertible Notes
SENIOR CONVERTIBLE NOTES
Schedule of 3.75% Senior Convertible Notes	The Company’s 3.75% Senior Convertible Notes issued on April 24, 2012 (“Convertible Notes”) consisted of the following:
		April 30, 2015			January 31, 2015
		(in thousands except conversion
		rate and conversion price)
	Principal value	$	150,000		$	150,000
	Unamortized debt discount	(16,755		)	(17,650		)
	Carrying value of senior convertible notes	$	133,245		$	132,350
	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:
		Three Months Ended April 30,
		2015			2014
		(in thousands)
	Cash Interest Expense
	Coupon interest expense	$	1,406		$	1,406
	Noncash Interest Expense
	Amortization of debt discount	894			835
	Amortization of transaction costs	136			133
		$	2,436		$	2,374

DERIVATIVE_INSTRUMENTS_Tables

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Apr. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	The following table sets forth the notional value of the Company's outstanding derivative instruments.
		Notional Amount as of:
		April 30, 2015		January 31, 2015
		(in thousands)
	Net investment hedge:
	Foreign currency contracts	$	7,691	$	14,223
	Cash flow hedges:
	Interest rate swap	100,000		100,000
	Foreign currency contracts	—		—
	Derivatives not designated as hedging instruments:
	Foreign currency contracts	28,578		30,030
Schedule of fair value of outstanding derivative instruments	The following table sets forth the fair value of the Company’s outstanding derivative instruments.
		Fair Value as of:					Balance Sheet Location
		April 30, 2015		January 31, 2015
		(in thousands)
	Liability Derivatives:
	Derivatives designated as hedging instruments:
	Net investment hedges:
	Foreign currency contracts	$	88	$	19		Accrued expenses
	Cash flow hedges:
	Interest rate swap	$	2,622	$	3,233		Accrued expenses
	Derivatives not designated as hedging instruments:
	Foreign currency contracts	273		17			Accrued expenses
	Total Liability Derivatives	$	2,983	$	3,269
Schedule of gains and losses recognized on derivative instruments	The following table sets forth the gains and losses recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company’s derivative instruments for the three months ended April 30, 2015 and 2014, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.
		Three Months Ended April 30,
		2015					2014
		OCI		Income (Loss)			OCI			Income (Loss)			Statements of Operations Classification
		(in thousands)
	Dervatives Designated as Hedging Instruments:
	Net investment hedges:
	Foreign currency contracts	$	111	$	—		$	(1,245	)	$	—		N/A
	Cash flow hedges:
	Interest rate swap	181		(430		)	5			—			Floorplan interest expense
	Foreign currency contracts	—		(13		)	53			(14		)	Cost of revenue - equipment
	Dervatives Not Designated as Hedging Instruments:
	Foreign currency contracts	—		82			—			(1,303		)	Interest income and other income (expense)
	Total Derivatives	$	292	$	(361	)	$	(1,187	)	$	(1,317	)

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Apr. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The liabilities which are measured at fair value on a recurring basis as of April 30, 2015 and January 31, 2015 are as follows:
		April 30, 2015								January 31, 2015
		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
		(in thousands)								(in thousands)
	Financial Liabilities
	Interest rate swap	$	—	$	2,622	$	—	$	2,622	$	—	$	3,233	$	—	$	3,233
	Foreign currency contracts	—		361		—		361		—		36		—		36
	Total Financial Liabilities	$	—	$	2,983	$	—	$	2,983	$	—	$	3,269	$	—	$	3,269
Fair Value of Senior Convertible Notes	The following table provides details on the Senior Convertible Notes as of April 30, 2015 and January 31, 2015. The difference between the face value and the carrying value of these notes is the result of the allocation between the debt and equity components. Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.
		April 30, 2015						January 31, 2015
		Estimated Fair Value		Carrying Value		Face Value		Estimated Fair Value		Carrying Value		Face Value
		(in thousands)						(in thousands)
	Senior convertible notes	$	117,219	$	133,245	$	150,000	$	111,273	$	132,350	$	150,000

SEGMENT_INFORMATION_AND_OPERAT1

SEGMENT INFORMATION AND OPERATING RESULTS (Tables)	3 Months Ended
	Apr. 30, 2015
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.
		Three Months Ended April 30,
		2015			2014
		(in thousands)
	Revenue
	Agriculture	$	239,855		$	344,381
	Construction	81,171			91,765
	International	32,170			29,317
	Total	$	353,196		$	465,463
	Income (Loss) Before Income Taxes
	Agriculture	$	(1,086	)	$	3,505
	Construction	(3,565		)	(5,993		)
	International	(4,371		)	(5,265		)
	Segment income (loss) before income taxes	(9,022		)	(7,753		)
	Shared Resources	196			(873		)
	Loss Before Income Taxes	$	(8,826	)	$	(8,626	)
		April 30, 2015			January 31, 2015
		(in thousands)
	Total Assets
	Agriculture	$	681,952		$	734,894
	Construction	368,407			393,573
	International	130,886			152,587
	Segment assets	1,181,245			1,281,054
	Shared Resources	116,475			68,693
	Total	$	1,297,720		$	1,349,747

STORE_CLOSINGS_AND_REALIGNMENT1

STORE CLOSINGS AND REALIGNMENT COST (Tables)	3 Months Ended
	Apr. 30, 2015
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Costs by Type of Cost	The following summarizes the exit costs associated with the aforementioned store closings and realignment activities:
		Three Months Ended April 30,
		2015			2014		Income Statement Classification
		(in thousands)
	Construction Segment
	Lease termination costs	$	261		$	1,518	Impairment and Realignment Costs
	Employee severance costs	258			451		Impairment and Realignment Costs
	Impairment of fixed assets, net of gains on asset disposition	90			152		Impairment and Realignment Costs
	Asset relocation and other closing costs	54			165		Impairment and Realignment Costs
		$	663		$	2,286
	Agriculture Segment
	Lease termination costs	$	251		$	114	Impairment and Realignment Costs
	Employee severance costs	304			71		Impairment and Realignment Costs
	Impairment of fixed assets, net of gains on asset disposition	—			85		Impairment and Realignment Costs
	Asset relocation and other closing costs	85			32		Impairment and Realignment Costs
	Inventory cost adjustments	—			404		Equipment Cost of Sales
		$	640		$	706
	International
	Employee severance costs	$	—		$	—	Impairment and Realignment Costs
		$	—		$	—
	Shared Resource Center
	Lease termination costs	$	49		$	—	Impairment and Realignment Costs
	Employee severance costs	$	187		$	213	Impairment and Realignment Costs
	Impairment of fixed assets, net of gains on asset disposition	62			—		Impairment and Realignment Costs
		$	298		$	213
	Total
	Lease termination costs	$	561		$	1,632	Impairment and Realignment Costs
	Employee severance costs	749			735		Impairment and Realignment Costs
	Impairment of fixed assets, net of gains on asset disposition	152			237		Impairment and Realignment Costs
	Asset relocation and other closing costs	139			197		Impairment and Realignment Costs
	Inventory cost adjustments	—			404		Equipment Cost of Sales
		$	1,601		$	3,205	—
Restructuring Reserve Rollforward	A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:
		Amount
		(in thousands)
	Balance, January 31, 2015	$	1,706
	Exit costs incurred and charged to expense
	Lease termination costs	561
	Employee severance costs	749
	Exit costs paid
	Lease termination costs	(138		)
	Employee severance costs	(644		)
	Balance, April 30, 2015	$	2,234

HELD_FOR_SALE_Tables

HELD FOR SALE (Tables)	3 Months Ended
	Apr. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups	The assets and liabilities which are held for sale are presented in the following table:
		April 30, 2015		January 31, 2015
		(in thousands)
	Assets Held for Sale
	Receivables	$	79	$	147
	Inventories
	New equipment	5,538		6,269
	Used equipment	3,448		3,973
	Parts and attachments	863		920
	Work in process	86		65
	Total inventories	9,935		11,227
	Property and equipment
	Machinery and equipment	106		114
	Vehicles	154		155
	Furniture and fixtures	51		57
	Land, buildings, and leasehold improvements	4,621		3,612
	Total property and equipment	4,932		3,938
		$	14,946	$	15,312
	Liabilities Held for Sale
	Accounts payable	$	68	$	151
	Floorplan payable	1,321		1,771
	Customer deposits	151		913
		$	1,540	$	2,835

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Apr. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Tax
		Three Months Ended April 30,
		2015				2014
		(dollars in thousands)
	U.S.	$	(4,488	)		$	(3,223	)
	Foreign	(4,338		)		(5,403		)
	Total	$	(8,826	)		$	(8,626	)
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
		Three Months Ended April 30,
		2015			2014
	U.S. statutory rate	(35.0	)%		(35.0	)%
	Foreign statutory rates	11.7	%		10.6	%
	State taxes on income net of federal tax benefit	(4.1	)%		(4.3	)%
	Change in valuation allowance	35.7	%		46.3	%
	Tax effect of Ukrainian hryvnia devaluation(a)	(28.0	)%		(36.6	)%
	All other, net	(2.2	)%		(1.1	)%
		(21.9	)%		(20.1	)%
	(a) Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrianian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss).

BUSINESS_ACTIVITY_AND_SIGNIFIC3

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES, VAT Correction (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Net Income (Loss) Attributable to Titan Machinery Inc.	($6,304)	($6,549)
Earnings (Loss) per share - diluted (in dollars per share)	($0.29)	($0.31)
Reclassification of VAT Asset and Devaluation of UAH | Adjustment
Net Income (Loss) Attributable to Titan Machinery Inc.		-2,300
Earnings (Loss) per share - diluted (in dollars per share)		($0.11)
Reclassification of VAT Asset and Devaluation of UAH | Previously Reported
Net Income (Loss) Attributable to Titan Machinery Inc.		($4,200)
Earnings (Loss) per share - diluted (in dollars per share)		($0.20)

BUSINESS_ACTIVITY_AND_SIGNIFIC4

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Denominator
Basic Weighted-Average Common Shares Outstanding	21,044	20,951
Plus: Incremental Shares From Assumed Exercise of Stock Options	0	0
Diluted Weighted-Average Common Shares Outstanding	21,044	20,951
Earnings (Loss) per Share - Basic, in dollars per share	($0.29)	($0.31)
Earnings (Loss) per Share - Diluted, in dollars per share	($0.29)	($0.31)
Employee Stock Option
Anti-dilutive securities
Anti-dilutive securities excluded from the calculation of diluted EPS (in shares)	211	375
Convertible Notes
Anti-dilutive securities
Anti-dilutive securities excluded from the calculation of diluted EPS (in shares)	3,474
Conversion price of shares underlying convertible notes (in dollars per share)	$43.17

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]
New equipment	$451,587	$442,984
Used equipment	314,818	318,308
Parts and attachments	100,944	107,893
Work in process	12,711	10,255
Inventories	$880,060	$879,440

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, unless otherwise specified
PROPERTY AND EQUIPMENT
Property and equipment, gross	$300,681	$312,755
Less accumulated depreciation	-105,893	-104,075
Property and equipment, net	194,788	208,680
Rental fleet equipment
PROPERTY AND EQUIPMENT
Property and equipment, gross	137,616	148,198
Machinery and equipment
PROPERTY AND EQUIPMENT
Property and equipment, gross	23,858	24,071
Vehicles
PROPERTY AND EQUIPMENT
Property and equipment, gross	42,436	43,435
Furniture and fixtures
PROPERTY AND EQUIPMENT
Property and equipment, gross	39,697	39,421
Land, buildings, and leasehold improvements
PROPERTY AND EQUIPMENT
Property and equipment, gross	$57,074	$57,630

LINES_OF_CREDIT_FLOORPLAN_PAYA1

LINES OF CREDIT / FLOORPLAN PAYABLE (Details) (USD $)	3 Months Ended
	Apr. 30, 2015	Jan. 31, 2015
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Floorplan payable	606,673,000	$627,249,000
Floorplan Lines of Credit
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	1,100,000,000
Floorplan payable	573,000,000	594,100,000
Floorplan Lines of Credit | U.S.
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Interest rate, Minimum (as a percent)	3.31%
Interest rate, Maximum (as a percent)	5.02%
Floorplan Lines of Credit | Foreign
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	128,400,000
Interest rate, Minimum (as a percent)	1.81%
Interest rate, Maximum (as a percent)	12.00%
Floorplan Lines of Credit | Group of banks led by Wells Fargo Bank
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	275,000,000
Floorplan Lines of Credit | CNH Capital America LLC
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	450,000,000
Floorplan Lines of Credit | Agricredit Acceptance LLC
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	200,000,000
Working Capital Line of Credit
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Amount outstanding	18,700,000	18,700,000
Working Capital Line of Credit | Group of banks led by Wells Fargo Bank
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	87,500,000

SENIOR_CONVERTIBLE_NOTES_Detai

SENIOR CONVERTIBLE NOTES (Details) (Convertible Notes)	Apr. 30, 2015
Convertible Notes
SENIOR CONVERTIBLE NOTES
Interest rate (as a percent)	3.75%

SENIOR_CONVERTIBLE_NOTES_Detai1

SENIOR CONVERTIBLE NOTES (Details 2) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Jan. 31, 2015
Convertible notes
Principal value	$150,000		$150,000
Other interest expense	3,827	3,441
Convertible Notes
Convertible notes
Principal value	150,000		150,000
Unamortized debt discount	-16,755		-17,650
Carrying value of senior convertible notes	133,245		132,350
Carrying value of equity component, net of deferred taxes	15,546		15,546
Conversion rate	0.0231626
Conversion price (per share of common stock)	$43.17
Other interest expense	1,406	1,406
Amortization of debt discount	894	835
Amortization of transaction costs	136	133
Interest Expense	$2,436	$2,374
Remaining period over which unamortized debt discount will be amortized	4 years 0 months
Effective interest rate (as a percent)	7.00%	7.00%

DERIVATIVE_INSTRUMENTS_Details

DERIVATIVE INSTRUMENTS (Details 1) (Forward-starting contract, USD $)	Oct. 09, 2013	Apr. 30, 2015	Jan. 31, 2015
Interest Rate Swap | Cash Flow Hedges
DERIVATIVE INSTRUMENTS
Fixed interest rate (as a percent)	1.90%
Notional amount outstanding	$100,000,000
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges
DERIVATIVE INSTRUMENTS
Notional amount outstanding		100,000,000	100,000,000
Foreign currency contracts | Designated as Hedging Instrument | Net Investment Hedges
DERIVATIVE INSTRUMENTS
Notional amount outstanding		7,691,000	14,223,000
Foreign currency contracts | Designated as Hedging Instrument | Cash Flow Hedges
DERIVATIVE INSTRUMENTS
Notional amount outstanding		0	0
Foreign currency contracts | Not designated as hedging instruments
DERIVATIVE INSTRUMENTS
Notional amount outstanding		$28,578,000	$30,030,000

DERIVATIVE_INSTRUMENTS_DERIVAT

DERIVATIVE INSTRUMENTS DERIVATIVES INSTRUMENTS (Details 2) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, unless otherwise specified
DERIVATIVE INSTRUMENTS
Fair Value of Derivative Liability	$2,983	$3,269
Foreign currency contracts | Not designated as hedging instruments
DERIVATIVE INSTRUMENTS
Fair Value of Derivative Liability	273	17
Net Investment Hedges | Foreign currency contracts | Designated as Hedging Instrument
DERIVATIVE INSTRUMENTS
Fair Value of Derivative Liability	88	19
Cash Flow Hedges | Interest Rate Swap | Designated as Hedging Instrument
DERIVATIVE INSTRUMENTS
Fair Value of Derivative Liability	$2,622	$3,233

DERIVATIVE_INSTRUMENTS_DERIVAT1

DERIVATIVE INSTRUMENTS DERIVATE INSTRUMENTS (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Foreign currency contracts
Derivative Instruments, Gain (Loss)
Amount of Gain (Loss) Recognized in Other Comprehensive Income	$292	($1,187)
Amount of Gain (Loss) Recognized in Income	-361	-1,317
Foreign currency contracts | Designated as Hedging Instrument | Net Investment Hedges
Derivative Instruments, Gain (Loss)
Amount of Gain (Loss) Recognized in Other Comprehensive Income	111	-1,245
Amount of Gain (Loss) Recognized in Income	0	0
Foreign currency contracts | Designated as Hedging Instrument | Cash Flow Hedges
Derivative Instruments, Gain (Loss)
Amount of Gain (Loss) Recognized in Other Comprehensive Income	0	53
Amount of Gain (Loss) Recognized in Income	-13	-14
Foreign currency contracts | Not designated as hedging instruments
Derivative Instruments, Gain (Loss)
Amount of Gain (Loss) Recognized in Other Comprehensive Income	0	0
Amount of Gain (Loss) Recognized in Income	82	-1,303
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges
Derivative Instruments, Gain (Loss)
Amount of Gain (Loss) Recognized in Other Comprehensive Income	181	5
Amount of Gain (Loss) Recognized in Income	($430)	$0

DERIVATIVE_INSTRUMENTS_DERIVAT2

DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS NARRATIVE (Details) (Cash Flow Hedges, USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015
Interest Rate Swap
Derivative
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax	($2.60)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	-1.6
Foreign currency contracts
Derivative
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax	0
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$0

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	($2,983)	($3,269)
Principal value	150,000	150,000
Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Senior Convertible Notes	117,219	111,273
Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Senior Convertible Notes	133,245	132,350
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	-2,622	-3,233
Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	-361	-36
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	0	0
Fair Value, Inputs, Level 1 | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	0	0
Fair Value, Inputs, Level 1 | Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	-2,983	-3,269
Fair Value, Inputs, Level 2 | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	-2,622	-3,233
Fair Value, Inputs, Level 2 | Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	-361	-36
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	0	0
Fair Value, Inputs, Level 3 | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	0	0
Fair Value, Inputs, Level 3 | Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Financial Liability	$0	$0

SEGMENT_INFORMATION_AND_OPERAT2

SEGMENT INFORMATION AND OPERATING RESULTS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Jan. 31, 2015
	segment
Segment Reporting [Abstract]
Number of reportable segments	3
SEGMENT INFORMATION AND OPERATING RESULTS
Revenue	$353,196	$465,463
Income (Loss) Before Income Taxes	-8,826	-8,626
Total Assets	1,297,720		1,349,747
Shared Resources
SEGMENT INFORMATION AND OPERATING RESULTS
Income (Loss) Before Income Taxes	196	-873
Total Assets	116,475		68,693
Operating Segments
SEGMENT INFORMATION AND OPERATING RESULTS
Income (Loss) Before Income Taxes	-9,022	-7,753
Total Assets	1,181,245		1,281,054
Operating Segments | Agriculture
SEGMENT INFORMATION AND OPERATING RESULTS
Revenue	239,855	344,381
Income (Loss) Before Income Taxes	-1,086	3,505
Total Assets	681,952		734,894
Operating Segments | Construction
SEGMENT INFORMATION AND OPERATING RESULTS
Revenue	81,171	91,765
Income (Loss) Before Income Taxes	-3,565	-5,993
Total Assets	368,407		393,573
Operating Segments | International
SEGMENT INFORMATION AND OPERATING RESULTS
Revenue	32,170	29,317
Income (Loss) Before Income Taxes	-4,371	-5,265
Total Assets	$130,886		$152,587

STORE_CLOSINGS_AND_REALIGNMENT2

STORE CLOSINGS AND REALIGNMENT COST (Details) (USD $)	3 Months Ended		0 Months Ended	12 Months Ended	1 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Mar. 05, 2015	Jan. 31, 2015	Apr. 30, 2014
Realignment Costs
Amount of Realignment Cost Incurred	$1,601,000	$3,205,000
Construction
Realignment Costs
Amount of Realignment Cost Incurred	663,000	2,286,000
Agriculture
Realignment Costs
Amount of Realignment Cost Incurred	640,000	706,000
International
Realignment Costs
Amount of Realignment Cost Incurred	0	0
Shared Resource Center
Realignment Costs
Amount of Realignment Cost Incurred	298,000	213,000
Lease termination costs | Realignment Cost
Realignment Costs
Amount of Realignment Cost Incurred	561,000	1,632,000
Lease termination costs | Realignment Cost | Construction
Realignment Costs
Amount of Realignment Cost Incurred	261,000	1,518,000
Lease termination costs | Realignment Cost | Agriculture
Realignment Costs
Amount of Realignment Cost Incurred	251,000	114,000
Lease termination costs | Realignment Cost | Shared Resource Center
Realignment Costs
Amount of Realignment Cost Incurred	49,000	0
Employee severance costs | Realignment Cost
Realignment Costs
Amount of Realignment Cost Incurred	749,000	735,000
Employee severance costs | Realignment Cost | Construction
Realignment Costs
Amount of Realignment Cost Incurred	258,000	451,000
Employee severance costs | Realignment Cost | Agriculture
Realignment Costs
Amount of Realignment Cost Incurred	304,000	71,000
Employee severance costs | Realignment Cost | International
Realignment Costs
Amount of Realignment Cost Incurred	0	0
Employee severance costs | Realignment Cost | Shared Resource Center
Realignment Costs
Amount of Realignment Cost Incurred	187,000	213,000
Impairment of fixed assets, net of gains on asset disposition | Realignment Cost
Realignment Costs
Amount of Realignment Cost Incurred	152,000	237,000
Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | Construction
Realignment Costs
Amount of Realignment Cost Incurred	90,000	152,000
Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | Agriculture
Realignment Costs
Amount of Realignment Cost Incurred	0	85,000
Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | Shared Resource Center
Realignment Costs
Amount of Realignment Cost Incurred	62,000	0
Asset relocation and other closing costs | Realignment Cost
Realignment Costs
Amount of Realignment Cost Incurred	139,000	197,000
Asset relocation and other closing costs | Realignment Cost | Construction
Realignment Costs
Amount of Realignment Cost Incurred	54,000	165,000
Asset relocation and other closing costs | Realignment Cost | Agriculture
Realignment Costs
Amount of Realignment Cost Incurred	85,000	32,000
Inventory cost adjustments | Equipment Cost of Sales
Realignment Costs
Amount of Realignment Cost Incurred	0	404,000
Inventory cost adjustments | Equipment Cost of Sales | Agriculture
Realignment Costs
Amount of Realignment Cost Incurred	0	404,000
Realignment Announced March 2015
Realignment Costs
Reduction of Construction-related headcount, percent			14.00%
Restructuring and Related Cost, Expected Cost	2,000,000
Amount of Realignment Cost Incurred	1,600,000			100,000
Realignment Announced March 2015 | Construction
Realignment Costs
Number of stores closed (in ones)			1
Realignment Announced March 2015 | Agriculture
Realignment Costs
Number of stores closed (in ones)			3
Realignment Announced April 2104
Realignment Costs
Reduction of Construction-related headcount, percent					12.00%
Amount of Realignment Cost Incurred		$3,200,000		$3,800,000
Realignment Announced April 2104 | Construction
Realignment Costs
Number of stores closed (in ones)					7
Realignment Announced April 2104 | Agriculture
Realignment Costs
Number of stores closed (in ones)					1

STORE_CLOSINGS_AND_REALIGNMENT3

STORE CLOSINGS AND REALIGNMENT COST (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Jan. 31, 2015
Realignment Reserve [Roll Forward]
Balance, January 31, 2015		$1,706
Balance, April 30, 2015	2,234	1,706
Lease termination costs
Realignment Reserve [Roll Forward]
Exit costs incurred and charged to expense	561
Exit costs paid	-138
Employee severance costs
Realignment Reserve [Roll Forward]
Exit costs incurred and charged to expense	749
Exit costs paid	($644)

HELD_FOR_SALE_Details

HELD FOR SALE (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, unless otherwise specified
Property and equipment:
Assets held for sale	$14,946	$15,312
Liabilities Held for Sale [Abstract]
Liabilities held for sale	1,540	2,835
Held-for-sale
Assets Held for Sale [Abstract]
Receivables	79	147
Inventories:
New equipment	5,538	6,269
Used equipment	3,448	3,973
Parts and attachments	863	920
Work in process	86	65
Total inventories	9,935	11,227
Property and equipment:
Machinery and equipment	106	114
Vehicles	154	155
Furniture and fixtures	51	57
Land, buildings, and leasehold improvements	4,621	3,612
Total property and equipment	4,932	3,938
Assets held for sale	14,946	15,312
Liabilities Held for Sale [Abstract]
Accounts payable	68	151
Floorplan payable	1,321	1,771
Customer deposits	151	913
Liabilities held for sale	$1,540	$2,835

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
U.S.	($4,488)	($3,223)
Foreign	-4,338	-5,403
Income (Loss) Before Income Taxes	($8,826)	($8,626)
Effective Income Tax Rate Reconciliation, Percent	-21.90%	-20.10%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	-35.00%	-35.00%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	11.70%	10.60%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	-4.10%	-4.30%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	35.70%	46.30%
Effective Income Tax Rate Reconciliation, Currency Devaluation	-28.00%	-36.60%
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	-2.20%	-1.10%
Minimum
Operating Loss Carryforward Period	5 years
Maximum
Operating Loss Carryforward Period	7 years