Titan Machinery (TITN) 10-K 7 Apr 20 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2020	Mar. 31, 2020	Jul. 31, 2019
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, 2020
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	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			$ 386.4
Entity Common Stock, Shares Outstanding		22,335,152
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
CURRENT ASSETS
Cash	$ 43,721	$ 56,745
Receivables, net of allowance for doubtful accounts	72,776	77,500
Inventories	597,394	491,091
Prepaid expenses and other	13,655	15,556
Total current assets	727,546	640,892
INTANGIBLES AND OTHER ASSETS
Intangible assets, net of accumulated amortization	8,367	7,247
Property and Equipment, net of accumulated depreciation	247,797	151,546
Property, Plant and Equipment, Net	145,562	138,950
Operating Lease, Right-of-Use Asset	88,281
Deferred Tax Assets, Net, Noncurrent	2,147	3,010
Goodwill	2,327	1,161
Other	1,113	1,178
Total Assets	975,343	792,438
CURRENT LIABILITIES
Accounts payable	16,976	16,607
Floorplan payable	371,772	273,756
Senior Notes, Current	0	45,249
Current maturities of long-term debt	13,779	2,067
Operating Lease, Liability, Current	12,259
Deferred revenue	40,968	46,409
Accrued expenses and other	38,409	35,091
Accrued Liabilities and Other Liabilities		36,364
Total current liabilities	494,163	420,452
LONG-TERM LIABILITIES
Senior convertible notes	37,789	20,676
Operating Lease, Liability, Noncurrent	88,387
Long-term debt, less current maturities	37,789	20,676
Deferred income taxes	2,055	4,955
Other long-term liabilities	7,845	11,044
Total long-term liabilities	136,076	36,675
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Common stock, par value $0.00001 per share, 45,000 shares authorized; 22,218 shares issued and outstanding at January 31, 2020; 22,218 shares issued and outstanding at January 31, 2019	0	0
Additional paid-in-capital	250,607	248,423
Retained earnings	97,717	89,228
Accumulated other comprehensive loss	(3,220)	(2,340)
Total stockholders' equity	345,104	335,311
Stockholders' Equity Attributable to Parent	345,104	335,311
Total Liabilities and Stockholders' Equity	$ 975,343	$ 792,438

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 5,123	$ 3,528
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	22,335,000	22,218,000
Common stock, outstanding shares	22,335,000	22,218,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
REVENUE
Equipment	$ 917,202	$ 909,178	$ 844,768
Parts	234,217	210,796	203,231
Sales Revenue Service	99,165	86,840	88,794
Sales Revenue Rental and Other	54,587	54,691	55,813
Total Revenue	1,305,171	1,261,505	1,192,606
COST OF REVENUE
Equipment	818,707	812,467	764,649
Parts	165,190	149,615	143,729
Cost of Service	33,446	29,036	30,679
Rental and other	37,010	38,799	38,249
TOTAL COST OF REVENUE	1,054,353	1,029,917	977,306
GROSS PROFIT	250,818	231,588	215,300
OPERATING EXPENSES	225,722	201,537	203,203
Impairment of Long-Lived Assets	3,764	2,156	673
Restructuring Costs	0	414	10,499
Income (Loss) from Operations	21,332	27,481	925
OTHER INCOME (EXPENSE)
Interest income and other income (expense)	3,126	2,547	1,635
Floorplan interest expense	(5,354)	(6,114)	(8,152)
Other interest expense	(4,452)	(7,760)	(8,847)
Income (Loss) Before Income Taxes	14,652	16,154	(14,439)
Provision for (Benefit from) Income Taxes	699	3,972	(7,390)
Net Income (Loss)	13,953	12,182	(7,049)
Net Loss Allocated to Participating Securities - Note 1	(221)	(202)	141
Net Loss Attributable to Titan Machinery Inc. Common Stockholders	$ 13,732	$ 11,980	$ (6,908)
EARNINGS PER SHARE-NOTE 1
Earnings Per Share, Basic	$ 0.63	$ 0.55	$ (0.32)
Earnings (Loss) per share - diluted (in dollars per share)	$ 0.63	$ 0.55	$ (0.32)
Weighted Average Number of Shares Outstanding, Basic	21,946	21,809	21,543
WEIGHTED AVERAGE COMMON SHARES-DILUTED (in shares)	21,953	21,816	21,543

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Net Income (Loss) Including Noncontrolling Interest	$ 13,953	$ 12,182	$ (7,049)
Other Comprehensive Income (Loss)
Foreign currency translation adjustments	(880)	(640)	2,399
Total Other Comprehensive Income (Loss)	(880)	(640)	3,083
Comprehensive Income (Loss)	13,073	11,542	(3,966)
Interest Rate Swap [Member]
Other Comprehensive Income (Loss)
Cash flow hedging instruments, net of tax	$ 0	$ 0	$ 684

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital [Member]	Retained Earnings	Accumulated Other Comprehensive Loss
BALANCE at Jan. 31, 2017	$ 321,179		$ 240,615	$ 85,347	$ (4,783)
BALANCE (in shares) at Jan. 31, 2017		21,836
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	989		989
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)		266
Stock-based compensation expense	3,441		3,441
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments	(623)		(623)
Comprehensive income (loss):
Net Income (Loss)	(7,049)			(7,049)
Total Other Comprehensive Income (Loss)	3,083				3,083
COMPREHENSIVE INCOME (LOSS)	(3,966)
BALANCE at Jan. 31, 2018	321,855		246,509	77,046	(1,700)
BALANCE (in shares) at Jan. 31, 2018		22,102
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	(621)		(621)
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)		116
Stock-based compensation expense	2,535		2,535
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments			600
Comprehensive income (loss):
Net Income (Loss)	12,182			12,182
Total Other Comprehensive Income (Loss)	(640)				(640)
COMPREHENSIVE INCOME (LOSS)	11,542
BALANCE at Jan. 31, 2019	335,311		248,423	89,228	(2,340)
BALANCE (in shares) at Jan. 31, 2019		22,218
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	(509)		(509)
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)		117
Stock-based compensation expense	2,693		2,693
Comprehensive income (loss):
Net Income (Loss)	13,953			13,953
Total Other Comprehensive Income (Loss)	(880)				(880)
COMPREHENSIVE INCOME (LOSS)	13,073
BALANCE at Jan. 31, 2020	345,104		$ 250,607	97,717	$ (3,220)
BALANCE (in shares) at Jan. 31, 2020		22,335
Increase (Decrease) in Stockholders' Equity
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | Adjustments for New Accounting Pronouncement [Member]	$ (5,464)			$ (5,464)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
OPERATING ACTIVITIES
Net Income (Loss) Including Noncontrolling Interest	$ 13,953	$ 12,182	$ (7,049)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization	28,067	23,605	25,105
Impairment	3,764	2,156	673
Deferred income taxes	(1,663)	2,511	(8,920)
Stock-based compensation expense	2,693	2,535	3,441
Noncash interest expense	408	2,432	3,651
Operating Lease, Expense	12,234	0	0
Gain (Loss) on Repurchase of Debt Instrument	0	615	(22)
Other, net	(388)	995	(2,406)
Changes in assets and liabilities, net of purchase of equipment dealerships assets and assumption of liabilities
Receivables, prepaid expenses and other assets	6,217	(13,475)	(1,002)
Inventories	(99,469)	4,996	20,338
Manufacturer floorplan payable	49,601	(2,635)	46,141
Accounts payable, deferred revenue, accrued expenses and other and other long-term liabilities	(1,890)	10,688	15,862
Operating Lease, Liability	(12,572)
Net Cash Provided by Operating Activities	955	46,605	95,812
INVESTING ACTIVITIES
Rental fleet purchases	(14,302)	(5,665)	(12,578)
Property and equipment purchases (excluding rental fleet)	(10,714)	(6,286)	(13,537)
Proceeds from sale of property and equipment	2,415	1,549	5,030
Acquisition consideration, net of cash acquired	(13,887)	(15,299)	(3,652)
Other, net	19	(131)	148
Net Cash Used for Investing Activities	(36,469)	(25,832)	(24,589)
FINANCING ACTIVITIES
Net change in non-manufacturer floorplan payable	50,158	16,818	(38,626)
Repayments of Convertible Debt	(45,644)	(20,025)	(29,093)
Proceeds from long-term debt borrowings	23,354	3,252	33,001
Principal payments on long-term debt	(4,490)	(16,116)	(36,786)
Other, net	(509)	(656)	38
Net Cash Used for Financing Activities	22,869	(16,727)	(71,466)
Effect of Exchange Rate Changes on Cash	(379)	(697)	488
Net Change in Cash	(13,024)	3,349	245
Cash at Beginning of Period	56,745	53,396	53,151
Cash at End of Period	43,721	56,745	53,396
Cash paid during the period
Income taxes, net of refunds	3,656	3,681	(5,555)
Interest	9,687	11,064	13,634
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES
Net property and equipment financed with long-term debt, capital leases, accounts payable and accrued liabilities	11,039	5,230	752
Business combination assets acquired through direct financing	0	0	871
Net transfer of assets from property and equipment to inventories	$ 2,544	$ 5,263	$ 3,609

BUSINESS ACTIVITY AND SIGNIFICA

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES	BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Nature of Business Titan Machinery Inc. and its subsidiaries (collectively, the "Company") are 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, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Germany, Romania, Serbia and Ukraine. Seasonality The agricultural and construction equipment businesses are highly seasonal, which causes the Company's quarterly results and cash flows 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 subsidiaries. All significant accounts, transactions and profits between the consolidated companies have been eliminated in consolidation. The Company's foreign subsidiaries have fiscal years ending on December 31 of each year, consistent with statutory reporting requirements in each of the respective countries. The accounts of the Company's foreign subsidiaries are consolidated as of December 31 of each year. No events or transactions occurred related to these subsidiaries in January 2020 that would have materially affected the consolidated financial position, results of operations or cash flows. Reclassifications Concurrent with the adoption of the new lease accounting standard guidance, the Company elected to reclassify finance lease liabilities in the accompanying consolidated balance sheet as of January 31, 2019 to maintain consistency and comparability between periods presented. The amounts reclassified included $1.3 million from current maturities of long-term debt to accrued expenses and other and $5.1 million from long-term debt, less current maturities to other long-term liabilities. Theses reclassifications had no impact on total current liabilities, total long-term liabilities or total liabilities and stockholders' equity within the consolidated balance sheet. 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, impairment of long-lived 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 U.S. 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 entity's equipment at specified locations. 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 the Company's inventory • CNH Industrial provides a significant percentage of the financing and lease financing used by the Company's customers to purchase CNH Industrial equipment from the Company Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to the customer, in an amount that reflects the consideration the Company expects to collect in exchange for those goods or services. Shipping and handling costs are recorded as cost of revenue. Sales, value added and other taxes collected from the Company's customers concurrent with the Company's revenue activities are excluded from revenue. Equipment Revenue. Equipment revenue transactions include the sale of new and used agricultural and construction equipment. The Company satisfies its performance obligations and recognizes revenue at a point in time, primarily upon the delivery of the product. Once a product is delivered, the customer has physical possession of the asset, can direct the use of the asset, and has the significant risks and rewards of ownership of the asset. Equipment transactions often include both cash and non-cash consideration. Cash consideration is paid directly by the Company's customers or by third-party financial institutions financing the Company's customer transactions. Non-cash consideration is in the form of trade-in equipment assets. The Company assigns a value to trade-in assets by estimating a future selling price, which the Company estimates based on relevant internal and third-party data, less a gross profit amount to be realized at the time the trade-in asset is sold and an estimate of any reconditioning work required to ready the asset for sale. Both cash and non-cash consideration may be received prior to or after the Company's performance obligation is satisfied. Any consideration received prior to the satisfaction of the Company's performance obligation is recognized as deferred revenue. Receivables recognized for amounts not paid at the time our performance obligation is satisfied, including amounts due from third-party financial institutions, generally do not have established payment terms but are collected in relatively short time periods. For certain equipment sale transactions, the Company provides a residual value guarantee to CNH Industrial Capital in connection with a customer leasing arrangement in which the Company sells the equipment to CNH Industrial Capital, who simultaneously executes a leasing arrangement with the Company's end-user customer. The amount of revenue recognized for the sale of the equipment asset is reduced by, and the Company recognizes a corresponding liability equal to, our estimate of the amount that is probable of being paid under the guarantee discounted at a rate of interest to reflect the risk inherent in the liability. Also included in equipment revenue are net commissions earned for serving as the agent in facilitating sales of equipment assets the Company holds as consignee on behalf of the consignor, as well as net commissions earned for facilitating the sale of extended warranty protection plans provided by the Company's suppliers or third-party insurance providers. We have elected, as a practical expedient, to recognize sales commissions earned on the sale of equipment inventory as an expense when incurred; because the amortization period of this cost, if it was otherwise capitalized, would be less than one year. These costs are recorded in operating expenses in our consolidated statements of operations. Parts Revenue. We sell a broad range of maintenance and replacement parts for both equipment that we sell and other types of equipment. The Company satisfies its performance obligation and recognizes revenue at a point in time, upon delivery of the product to the customer. Once a product is delivered, the Company has a present right to payment, the customer has physical possession of the asset, can direct the use of the asset, and has the significant risks and rewards of ownership of the asset. In many cases, customers tender payment at the time of delivery. Balances not paid at the time of delivery are typically due in full within 30 days. Most parts are sold with a thirty-day right of return or exchange. Historically, parts returns have not been material. Parts revenue also includes the retail value of parts inventories consumed during the course of customer repair and maintenance services and services provided under manufacturer warranties. As further described below, we recognize revenue from these activities over time. Service Revenue. We provide repair and maintenance services, including repairs performed under manufacturer warranties, for our customer’s equipment. We recognize service and associated parts revenue of our repair and maintenance services over time as we transfer control of these goods and services over time. The Company recognizes revenue over time in the amount to which we have the right to invoice the customer, as such an amount corresponds to the value of our performance completed to date. Generally, the Company has the right to invoice the customer for labor hours incurred and parts inventories consumed during the performance of the service arrangement. Customer invoicing most often occurs at the conclusion of our repair and maintenance services. Accordingly, we recognize unbilled receivables for the amount of unbilled labor hours incurred and parts inventories consumed under our repair and maintenance arrangements. Upon customer invoicing, unbilled receivables are reclassified to receivables. In many cases, customers tender payment at the completion of our work and the creation of the invoice. Balances not paid at the time of invoicing are typically due in full within 30 days. Other Revenue. Other revenues primarily consist of fees charged in connection with short-haul equipment delivery and pick-up services, in which revenue is recognized at a point in time when the service is completed, and Global Positioning System ("GPS") signal subscriptions, in which revenue is recognized on a straight-line basis over the subscription period. Rental Revenue. We rent equipment to our customers on a short-term basis for periods ranging from a few days to a few months. Rental revenue is recognized on a straight-line basis over the period of the related rental agreement. Revenue from rental equipment delivery and pick-up services is recognized when the service is performed. 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. Receivables and Credit Policy Trade accounts receivable due from customers are uncollateralized customer obligations due under normal trade terms requiring payment within 30 to 90 days from the invoice date. Balances unpaid after the due date based on trade terms 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 and incentive programs. 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 rates. 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 net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. All new and used equipment inventories, including that which has been rented, are subject to periodic lower of cost or net realizable value evaluation that considers various factors including aging of equipment and market conditions. Equipment inventory values are adjusted whenever the carrying amount exceeds the net realizable value. Parts inventories are valued at the lower of average cost or net realizable value. The Company estimates its lower of cost or net realizable value 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 is recognized and initially measured as any excess of the acquisition-date consideration transferred in a business combination over the acquisition-date amounts recognized for the net identifiable assets acquired. Goodwill is not amortized but is tested for impairment annually, or more frequently if an event occurs or circumstances change that would more likely than not result in an impairment of goodwill. Impairment testing is performed 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. After implementing new authoritative guidance regarding goodwill impairment on February 1, 2018, the goodwill impairment analysis is a single-step quantitative assessment that identifies both the existence of impairment and the amount of impairment loss by comparing the estimated fair value of a reporting unit to its carrying value, with any excess carrying value over the fair value being recognized as an impairment loss, limited to the total amount of goodwill allocated to that reporting unit. The Company performs its annual goodwill impairment test as of December 31st of each year and has identified two reporting units that carry a goodwill balance. 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 generally 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. Accordingly, 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 impairment test is a single-step assessment that identifies both the existence of impairment and the amount of impairment loss by comparing the estimated fair value of the asset to its carrying value, with any excess carrying value over the fair value being recognized as an impairment loss. The Company performs its annual impairment test as of December 31st of each year. 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 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. 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, 2020 , the Company determined that certain events or circumstances, including a current period operating loss combined with historical losses and anticipated future operating losses, within certain of its stores was an indication that the long-lived assets of these stores may not be recoverable. The aggregate carrying value of such assets totaled $9.4 million . In light of these circumstances, the Company performed step one of the long-lived asset impairment analysis for these assets and concluded that the carrying value was not recoverable. Accordingly, the Company performed step two of the impairment analysis and estimated the fair value of the assets using an income approach. The Company recognized total impairment charges of $3.1 million , of which $2.3 million related to the Agriculture segment and $0.8 million related to the Construction segment. All impairment charges recognized are included in the Impairment of Long-Lived Assets amount in the consolidated statements of operations. We performed similar impairment analyses at the end of fiscal 2019 and 2018 . The Company recognized impairment charges totaling $2.2 million on long-lived assets during the year ended January 31, 2019 , of which $0.9 million related to the Agriculture segment, $1.1 million related to the Construction segment, and $ 0.2 million related to the International segment. The Company recognized impairment charges totaling $0.7 million on long-lived assets during the year ended January 31, 2018 , of which $0.2 million related to the Agriculture segment and $0.5 million related to the Construction segment. 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 the completion of a capitalized 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 finance lease. 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, including removal of any Company assets. 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 on the date when management, with appropriate approval, has a formal plan, the plan identifies the number of employees by function with the expected date of termination, benefits for the employees have been identified, the plan is unlikely to be changed and the termination benefits have been communicated to the employees. Other related costs are expensed as incurred. 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 may manage 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. 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. Advertising Costs Costs incurred for producing and distributing advertising are expensed as incurred. Advertising expense amounted to $2.2 million , $2.1 million and $2.2 million for the years ended January 31, 2020 , 2019 and 2018 . 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. Comprehensive Income and Foreign Currency Matters For the Company, comprehensive income (loss) represents net income adjusted for foreign currency translation adjustments and unrealized gains or losses on cash flow hedging 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 gain of $0.4 million and $1.2 million for the years ended January 31, 2020 and 2018 , respectively, and a net foreign currency transaction loss of $0.9 million for the year ended January 31, 2019 . 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. 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 lev

EARNINGS PER SHARE (Notes)

EARNINGS PER SHARE (Notes)	12 Months Ended
	Jan. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Earnings Per Share [Text Block]	EARNINGS PER SHARE 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, earnings of the Company are allocated between common stockholders and these participating securities based on the weighted-average number of shares of common stock and participating securities outstanding during the relevant period. Basic EPS is computed by dividing net income (loss) attributable to Titan Machinery Inc. common stockholders by the weighted-average number of shares of common stock outstanding during the relevant period. Diluted EPS is computed by dividing net income (loss) attributable to Titan Machinery Inc. common stockholders by the weighted-average number of 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 for years with net income. All anti-dilutive securities were excluded from the computation of diluted EPS. The following table sets forth the calculation of basic and diluted EPS: Year Ended January 31, 2020 2019 2018 (in thousands, except per share data) Numerator Net income (loss) $ 13,953 $ 12,182 $ (7,049 ) Allocation to participating securities (221 ) (202 ) 141 Net income (loss) attributable to Titan Machinery Inc. common stockholders $ 13,732 $ 11,980 $ (6,908 ) Denominator Basic weighted-average common shares outstanding 21,946 21,809 21,543 Plus: incremental shares from assumed vesting of restricted stock units 7 7 — Diluted weighted-average common shares outstanding 21,953 21,816 21,543 Earnings (Loss) per Share: Basic $ 0.63 $ 0.55 $ (0.32 ) Diluted $ 0.63 $ 0.55 $ (0.32 ) Anti-dilutive shares excluded from diluted weighted-average common shares outstanding: Stock options and restricted stock units — — 95 Shares underlying senior convertible notes (conversion price of $43.17) — 1,057 1,521

REVENUE (Notes)

REVENUE (Notes)	12 Months Ended
	Jan. 31, 2020
REVENUE [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE The following tables present our revenue disaggregated by revenue source and segment for the years ended January 31, 2020 and 2019: Year Ended January 31, 2020 Agriculture Construction International Total (in thousands) Equipment $ 535,792 $ 194,675 $ 186,735 $ 917,202 Parts 141,093 52,160 40,964 234,217 Service 66,158 26,189 6,818 99,165 Other 2,989 2,895 264 6,148 Revenue from contracts with customers 746,032 275,919 234,781 1,256,732 Rental 3,010 44,115 1,314 48,439 Total revenues $ 749,042 $ 320,034 $ 236,095 $ 1,305,171 Year Ended January 31, 2019 Agriculture Construction International Total (in thousands) Equipment $ 535,034 $ 185,163 $ 188,981 $ 909,178 Parts 127,741 47,404 35,651 210,796 Service 58,823 23,267 4,750 86,840 Other 2,690 3,896 179 6,765 Revenue from contracts with customers 724,288 259,730 229,561 1,213,579 Rental 2,505 42,259 3,162 47,926 Total revenues $ 726,793 $ 301,989 $ 232,723 $ 1,261,505 Deferred revenue from contracts with customers totaled $39.5 million and $44.9 million as of January 31, 2020 and January 31, 2019 . Our deferred revenue most often increases in the fourth quarter of each fiscal year, due to a higher level of customer down payments or prepayments. In the fourth quarter of the fiscal year, longer time periods between customer payments and delivery of the equipment occur. The decrease in deferred revenue from January 31, 2019 to January 31, 2020 was primarily due to lower new equipment sales activity during the fourth quarter of fiscal 2020. During the year ended January 31, 2020 , the Company recognized substantially all of the revenue that was included in the deferred revenue balance as of January 31, 2019 . No material amount of revenue was recognized during the year ended January 31, 2020 from performance obligations satisfied in previous periods. The Company has elected as a practical expedient to not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of service of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The contracts for which the practical expedient has been applied include (i) equipment revenue transactions, which do not have a stated contractual term, but are short-term in nature, and (ii) service revenue transactions, which also do not have a stated contractual term but are generally completed within 30 days and for such contracts we recognize revenue over time at the amount to which we have the right to invoice for services completed to date.

RECEIVABLES

RECEIVABLES	12 Months Ended
	Jan. 31, 2020
Receivables [Abstract]
RECEIVABLES	RECEIVABLES January 31, 2020 January 31, 2019 (in thousands) Trade and unbilled receivables from contracts with customers Trade receivables due from customers $ 36,400 $ 38,827 Trade receivables due from finance companies 12,352 10,265 Unbilled receivables 13,944 11,222 Trade and unbilled receivables from rental contracts Trade receivables 7,381 6,386 Unbilled receivables 861 828 Other receivables Due from manufacturers 5,763 12,950 Other 1,198 550 Total receivables 77,899 81,028 Less allowance for doubtful accounts (5,123 ) (3,528 ) Receivables, net of allowance for doubtful accounts $ 72,776 $ 77,500 The following table presents impairment losses on receivables arising from sales contracts with customers and receivables arising from rental contracts: Year Ended January 31, 2020 Year Ended January 31, 2019 (in thousands) Impairment losses on: Receivables from sales contracts $ 1,373 $ 492 Receivables from rental contracts 1,124 343 $ 2,497 $ 835

INVENTORIES

INVENTORIES	12 Months Ended
	Jan. 31, 2020
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES January 31, 2020 January 31, 2019 (in thousands) New equipment $ 358,339 $ 258,081 Used equipment 157,535 158,951 Parts and attachments 79,813 72,760 Work in process 1,707 1,299 $ 597,394 $ 491,091

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Jan. 31, 2020
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT January 31, 2020 January 31, 2019 (in thousands) Rental fleet equipment $ 104,133 $ 111,164 Machinery and equipment 22,682 21,646 Vehicles 51,850 42,330 Furniture and fixtures 41,720 40,645 Land, buildings, and leasehold improvements 70,408 63,091 290,793 278,876 Less accumulated depreciation (145,231 ) (139,926 ) $ 145,562 $ 138,950 Depreciation expense totaled $26.5 million , $23.6 million and $25.0 million for the years ended January 31, 2020 , 2019 and 2018 , respectively. 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 $24.3 million and $25.2 million , and accumulated amortization balances totaling $6.9 million and $5.8 million , as of January 31, 2020 and 2019 . In March 2019, the Company completed an assessment of its Enterprise Resource Planning ("ERP") application and concluded that the Company would begin the process to prepare for conversion to a new ERP application. The initial anticipated start date for the new ERP application was the first-half of the fiscal year ending January 31, 2021, which has been postponed to the first-half of the fiscal year ending January 31, 2022. The Company has prospectively adjusted the useful life of its current ERP application such that it will be fully amortized upon its estimated replacement date. The net book value of the ERP asset of $8.7 million , as of March 2019, is being amortized on a straight-line basis over the estimated remaining period of use. For the year ended January 31, 2020, the Company recognized an additional $4.7 million of amortization expense, which decreased operating income accordingly and decreased net income by approximately $3.6 million .

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	12 Months Ended
	Jan. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	INTANGIBLE ASSETS AND GOODWILL Definite-Lived Intangible Assets The following is a summary of definite-lived intangible assets as of January 31, 2020 and 2019 : January 31, 2020 January 31, 2019 Cost Accumulated Amortization Net Cost Accumulated Amortization Net (in thousands) (in thousands) Covenants not to compete $ 100 $ (7 ) $ 93 $ 200 $ (138 ) $ 62 Customer relationships 345 (83 ) 262 112 (19 ) 93 $ 445 $ (90 ) $ 355 $ 312 $ (157 ) $ 155 Intangible asset amortization expense was $0.1 million for each of the three years ended January 31, 2020 , 2019 and 2018 . The increase in net, definite-lived intangible assets for fiscal 2020, as compared to fiscal 2019, was primarily the result of the Northwood acquisition, offset by impairments. As of January 31, 2020 , future amortization expense is expected to be as follows: Fiscal years ending January 31, Amount (in thousands) 2021 $ 110 2022 91 2023 58 2024 58 2025 38 Thereafter — $ 355 Indefinite-Lived Intangible Assets The Company's indefinite-lived intangible assets consist of distribution rights assets. The following is a summary of distribution rights assets by segment as of January 31, 2020 and 2019 : January 31, 2020 2019 (in thousands) Segment Agriculture $ 6,070 $ 5,050 Construction 72 237 International 1,870 1,805 $ 8,012 $ 7,092 The results of the Company's annual distribution rights impairment test for the year ended January 31, 2020 indicated impairment of $0.7 million , which was appropriately recorded in fiscal 2020. In the prior years ended January 31, 2019 and 2018 , the annual distribution rights impairment tests indicated no impairment. Goodwill Changes in the carrying amount of goodwill during the years ended January 31, 2020 , 2019 and 2018 are as follows: Agriculture Construction International Total (in thousands) Balance, January 31, 2018 $ 250 $ — $ — $ 250 Arising from business combinations — — 924 924 Foreign currency translation — — (13 ) (13 ) Balance, January 31, 2019 250 — 911 1,161 Arising from business combinations 699 — 499 1,198 Foreign currency translation — — (32 ) (33 ) Balance, January 31, 2020 $ 949 $ — $ 1,378 $ 2,327 The results of the Company's annual goodwill impairment tests for the fiscal years ended January 31, 2020 and 2019 indicated that no goodwill impairment existed as of the test date.

FLOORPLAN PAYABLE_LINES OF CRED

FLOORPLAN PAYABLE/LINES OF CREDIT	12 Months Ended
	Jan. 31, 2020
Line of Credit Facility [Abstract]
FLOORPLAN PAYABLE/LINES OF CREDIT	FLOORPLAN PAYABLE/LINES OF CREDIT Floorplan payable balances reflect amounts owed to manufacturers for equipment inventory purchases and amounts outstanding under our various floorplan line of credit facilities. In the consolidated statements of cash flows, the Company reports cash flows associated with manufacturer floorplan financing as operating cash flows and cash flows associated with non-manufacturer floorplan financing as financing cash flows. As of January 31, 2020 , the Company had floorplan lines of credit totaling $717.0 million , which is primarily comprised of three significant floorplan lines of credit: (i) a $450.0 million credit facility with CNH Industrial, (ii) a $140.0 million line of credit with a group of banks led by Wells Fargo Bank, National Association (“Wells Fargo”), and (iii) a $60.0 million credit facility with DLL Finance LLC (“DLL Finance”). CNH Industrial Floorplan Payable Line of Credit As of January 31, 2020 , the Company had a $450.0 million credit facility with CNH Industrial, of which $360.0 million is available for domestic financing and $90.0 million is available for European financing. The domestic financing facility offers financing for new and used equipment inventories. Available borrowings under the credit facility are reduced by outstanding floorplan payable balances and other acquisition-related financing arrangements with CNH Industrial. The credit facility charges interest at a rate equal to the prime rate plus 3.25% for the financing of new and used equipment inventories and rental fleet assets. CNH Industrial offers periods of reduced interest rates and interest-free periods. Repayment terms vary, but generally payments are made from sales proceeds or rental revenue generated from the related inventories or rental fleet assets. Balances under the outstanding with CNH Industrial credit facility are secured by the inventory or rental fleet purchased with the floorplan proceeds. The European financing facility offers financing for new equipment inventories. Available borrowings under the credit facility are reduced by outstanding floorplan payable balances. Amounts outstanding are generally due approximately 75 days after the date of invoice by CNH Industrial. Generally, no interest is charged on outstanding balances. Amounts outstanding are secured by the inventory purchased with the floorplan proceeds. The CNH Industrial credit facility contains financial covenants that impose a maximum level of adjusted debt to tangible net worth of 3.50 :1.00 and minimum fixed charge coverage ratio of 1.10 :1.00. It also contains various restrictive covenants that require prior consent of CNH Industrial 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’s consent is also required for the acquisition of any CNH Industrial dealership. In addition, the CNH Industrial credit facility restricts the Company's ability to incur any liens upon any substantial part of the assets. The credit facility automatically renews on August 31st of each year unless earlier terminated by either party. As of January 31, 2020 , the Company was in compliance with the adjusted debt to tangible net worth and fixed charge coverage ratio financial covenants under this credit facility. During the year ended January 31, 2020 , the CNH Industrial credit facility was amended to increase the available borrowings under the credit facility, from a combined capacity of $400.0 million to the current combined capacity of $450.0 million . Wells Fargo Credit Agreement - Floorplan Payable and Working Capital Lines of Credit As of January 31, 2020 , the Company had a second amended and restated credit agreement with Wells Fargo (the "Wells Fargo Credit Agreement"), which provides for a $140.0 million wholesale floorplan line of credit (the "Floorplan Payable Line") and a $60.0 million working capital line of credit (the "Working Capital Line"). The amount available for borrowing under the Floorplan Payable Line is reduced by amounts outstanding thereunder, borrowing base calculations and outstanding standby letters of credit. The Wells Fargo 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 Wells Fargo 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 Wells Fargo 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, 2020 . The Wells Fargo 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 Wells Fargo 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 Wells Fargo Credit Agreement is greater than twenty percent of the total borrowing capacity under the Wells Fargo 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 1.10 to 1.00. As of January 31, 2020 , under these provisions of the Wells Fargo Credit Agreement, the Company had an unrestricted dividend availability of approximately $31.2 million . The maturity date of the Wells Fargo Credit Agreement was contingent upon the results of a maturity test that was performed on February 1, 2019, a date that was three months prior to the scheduled maturity date of the Company's outstanding Senior Convertible Notes. Pursuant to this test, the maturity date for the Wells Fargo Credit Agreement would be October 28, 2020 so long as (i) the Company's fixed charge coverage ratio for the 12 month period ended December 31, 2018 was at least 1.10 to 1.00 and (ii) a liquidity test, requiring that the Company have unrestricted cash on hand plus excess borrowing availability under the Wells Fargo Credit Agreement (on a pro-forma basis reflecting the Company’s repayment in full of its outstanding Senior Convertible Notes) in an amount that is greater than 20% of maximum credit amount under the facility, was met on February 1, 2019. If both financial tests were not satisfied on February 1, 2019, the Wells Fargo Credit Agreement would immediately mature and all amounts outstanding would become immediately due and payable in full. The Company satisfied the maturity test requirements on February 1, 2019, and therefore the maturity date of the Wells Fargo Credit Agreement is October 28, 2020. 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. At the end of fiscal 2020, the amount outstanding on the Working Capital Line is recorded as current maturities of long-term debt and within current liabilities on the consolidated balance sheets, because the Wells Fargo Credit Agreement is due to mature on October 28, 2020. The balances outstanding on the Working Capital Line as of January 31, 2020 and 2019 are disclosed in Note 12. DLL Finance Floorplan Payable Line of Credit As of January 31, 2020 , the Company had a $60.0 million credit facility with DLL Finance, of which $46.5 million is available for domestic financing and $13.5 million is available for financing in certain of our European markets. The DLL Finance credit facility may be used to purchase or refinance new and used equipment inventory. Amounts outstanding for domestic financing bear interest on outstanding balances of three-month LIBOR plus an applicable margin of 2.85% . Amounts outstanding for European financing bear interest on outstanding balances of three-month EURIBOR plus an applicable margin of 2.10% to 2.50% . The credit facility allows for increase, decrease or termination of the facility by DLL Finance upon 90 days notice. The credit facility contains financial covenants that impose a maximum net leverage ratio of 3.50 :1.00 and a minimum fixed charge coverage ratio of 1.10 :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 or rental fleet 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 or rental fleet assets. As of January 31, 2020 , the Company was in compliance with the net leverage ratio and fixed charge coverage ratio financial covenants under this credit facility. During the year ended January 31, 2020 , the DLL Finance credit facility was amended to, among other things, increase the available borrowing capacity from $45.0 million to the current level of $60.0 million . Other Lines of Credit The Company’s other lines of credit include various floorplan and working capital lines of credit primarily offered by non-manufacturer financing entities. Interest charged on outstanding borrowings are generally variable rates of interest most often based on LIBOR or EURIBOR and include interest margins primarily ranging from 1.50% to 6.00% . Outstanding balances are generally secured by inventory and other current assets. In most cases these lines of credit have a one-year maturity, with an annual review process to extend the maturity date for an additional one-year period. As of January 31, 2020 , the Company had a compensating balance arrangement under one of its European 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. Summary of Outstanding Amounts As of January 31, 2020 and 2019 , the Company’s outstanding balance of floorplan payables and lines of credit consisted of the following: January 31, 2020 January 31, 2019 (in thousands) CNH Industrial $ 187,690 $ 120,319 Wells Fargo Floorplan Payable Line 82,700 49,100 DLL Finance 30,657 13,432 Other outstanding balances with manufacturers and non-manufacturers 70,725 90,905 $ 371,772 $ 273,756 As of January 31, 2020 , the interest-bearing U.S floorplan payables carried various interest rates ranging from 4.05% to 4.81% , compared to a range of 4.77% and 6.30% as of January 31, 2019 . As of January 31, 2020 , foreign floorplan payables carried various interest rates primarily ranging from 0.86% to 7.66% , compared to a range of 0.94% to 8.51% as of January 31, 2019 . As of January 31, 2020 and 2019 , $205.2 million and $151.7 million of outstanding floorplan payables were non-interest bearing.

DEFERRED REVENUE (Notes)

DEFERRED REVENUE (Notes)	12 Months Ended
	Jan. 31, 2020
Deferred Revenue [Abstract]
Deferred Revenue Disclosure [Text Block]	DEFERRED REVENUE January 31, 2020 January 31, 2019 (in thousands) Deferred revenue from contracts with customers $ 39,512 $ 44,893 Deferred revenue from rental and other contracts 1,456 1,516 $ 40,968 $ 46,409

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Jan. 31, 2020
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES & OTHER January 31, 2020 January 31, 2019 (in thousands) Compensation $ 19,732 $ 19,661 Sales, payroll, real estate and value added taxes 5,947 4,698 Insurance 3,336 2,083 Lease residual value guarantees 2,054 2,089 Finance lease liabilities 1,708 — Interest 608 905 Income taxes payable 49 1,574 Other 4,975 4,081 $ 38,409 $ 35,091

SENIOR CONVERTIBLE NOTES

SENIOR CONVERTIBLE NOTES	12 Months Ended
	Jan. 31, 2020
Senior Convertible Notes
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 bore interest at a rate of 3.75% per year, payable semi-annually in arrears on May 1 and November 1 of each year. The Senior Convertible Notes matured on May 1, 2019, and the Company repaid the outstanding principal balance of $45.6 million on the maturity date. 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 was similar in its terms to the Senior Convertible Notes. The excess of the aggregate face value of the Senior Convertible Notes over the estimated fair value of the liability component was recognized as a debt discount that was amortized over the expected life of the Senior Convertible Notes using the effective interest rate method. Amortization of the debt discount was recognized as non-cash interest expense. The equity component of the Senior Convertible Notes was 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. 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 were amortized using the effective interest rate method and recognized as non-cash interest expense. Transaction costs allocated to the equity component reduced the value of the equity component recognized in stockholders' equity. As of January 31, 2019 , the Senior Convertible Notes consisted of the following: January 31, 2019 Principal value $ 45,644 Unamortized debt discount (350 ) Unamortized debt issuance costs (45 ) Carrying value of senior convertible notes $ 45,249 Carrying value of equity component, net of deferred taxes $ 14,923 Conversion rate (shares of common stock per $1,000 principal amount of notes) 23.1626 Conversion price (per share of common stock) $ 43.17 During fiscal 2020, the Company repaid the remaining $45.6 million face value ( $45.6 million carrying value) of Senior Convertible Notes with $45.6 million in cash on the maturity date of May 1, 2019. During fiscal 2019, the Company repurchased an aggregate of $20.0 million face value ( $19.4 million carrying value) of its Senior Convertible Notes with $20.0 million in cash. All consideration was attributed to the extinguishment of the liability and the Company recognized a pre-tax loss of $0.6 million on the repurchase. During fiscal 2018, the Company repurchased an aggregate of $30.1 million face value ( $28.1 million carrying value) of its Senior Convertible Notes with $29.1 million in cash. Of the $29.1 million in total cash consideration, $28.1 million was attributed to the extinguishment of the liability and $1.0 million was attributed to the reacquisition of a portion of the equity component of the instrument. The Company recognized an immaterial net pre-tax gain on the extinguishment of the liability and recognized a $0.6 million after-tax reduction in additional paid-in capital from the reacquisition of the equity component. Gains and losses on repurchases are included in other interest expense in the Consolidated Statements of Operations. The Company recognized interest expense associated with its Senior Convertible Notes as follows: Year Ended January 31, 2020 2019 2018 (in thousands) Cash Interest Expense Coupon interest expense $ 421 $ 2,014 $ 2,782 Noncash Interest Expense Amortization of debt discount 350 1,626 2,104 Amortization of transaction costs 45 216 290 $ 816 $ 3,856 $ 5,176 The effective interest rate of the liability component was equal to 7.3% for each of the statements of operations periods presented.

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Jan. 31, 2020
Long-Term Debt (excluding senior convertible notes)
LONG-TERM DEBT
LONG-TERM DEBT	LONG-TERM DEBT The following is a summary of long-term debt as of January 31, 2020 and 2019 : January 31, 2020 January 31, 2019 (in thousands) Sale-leaseback financing obligations, interest rates ranging from 3.4% to 10.3% with various maturity dates through December 2030 $ 17,781 $ 19,010 Wells Fargo Credit Agreement - Working Capital Line, interest accrues at a variable rate, ranging from 3.9% to 4.7%, on outstanding balances, requires monthly payments of accrued interest, matures on October 28, 2020 10,000 — Real estate mortgage bearing interest at 5.11%, payable in annual installments of $0.3 million, maturing on May 15, 2039, secured by real estate assets 6,827 — Real estate mortgage bearing interest at 4.62%, payment in monthly installments of $0.04 million with a final payment at maturity of $3.4 million, maturing on June 10, 2024, secured by real estate assets 4,416 — Real estate mortgage bearing interest at 4.40%, payment in monthly installments of $0.01 million with a final payment at maturity of $1.0 million, maturing on January 1, 2027, secured by real estate assets 1,489 — Equipment financing loan, payable in monthly installments over a 72-month term for each funded tranche, bearing interest at 3.89%, secured by vehicle assets 7,468 — Real estate mortgage bearing interest at 2.09%, payable in monthly installments, maturing on June 30, 2026, secured by real estate assets 2,520 2,978 Other long-term debt primarily bearing interest at three-month EURIBOR plus 2.6%, payable in quarterly installments, maturing on January 31, 2021 1,067 755 51,568 22,743 Less current maturities (13,779 ) (2,067 ) $ 37,789 $ 20,676 Long-term debt maturities are as follows: Years Ending January 31, Amounts (in thousands) 2021 $ 13,779 2022 3,695 2023 3,781 2024 3,946 2025 7,398 Thereafter 18,969 $ 51,568

STORE CLOSINGS AND REALIGNMENT

STORE CLOSINGS AND REALIGNMENT COST	12 Months Ended
	Jan. 31, 2020
Restructuring and Related Activities [Abstract]
STORE CLOSINGS AND REALIGNMENT COSTS	RESTRUCTURING COSTS In February 2017, to better align the Company's cost structure and business in certain markets, the Company announced a dealership restructuring plan (the "Fiscal 2018 Restructuring Plan"), which resulted in the closure of one Construction location and 14 Agriculture locations. The Fiscal 2018 Restructuring Plan resulted in a reduction of expenses while allowing the Company to continue to provide a leading level of service to its customers. In total, over the term of the Fiscal 2018 Restructuring Plan, the Company recognized $13.9 million of restructuring charges consisting primarily of lease termination costs, termination benefits and fixed asset impairment charges. Such costs are included in the restructuring costs line in the consolidated statements of operations. As of January 31, 2018, the Company had closed and fully exited all of these locations and had completed its Fiscal 2018 Restructuring Plan. For fiscal year ended January 31, 2020, there were no costs incurred related to the Fiscal 2018 Restructuring Plan. Restructuring costs (credits) associated with the Company's Fiscal 2018 Restructuring Plan are summarized in the following table: Year Ended January 31, Cumulative Amount 2019 2018 (in thousands) Lease accrual and termination costs $ 6,095 $ 414 $ 5,681 Termination benefits 5,053 — 5,053 Impairment of fixed assets, net of gains on asset disposition 2,206 — (751 ) Asset relocation and other costs 516 — 516 $ 13,870 $ 414 $ 10,499 Restructuring charges (credits) are summarized by segment in the following table: Year Ended January 31, 2019 2018 (in thousands) Segment Agriculture $ 441 $ 6,886 Construction (27 ) 2,093 International — 62 Shared Resources — 1,458 Total $ 414 $ 10,499 A reconciliation of the beginning and ending exit cost liability balance associated with our Fiscal 2018 Restructuring Plan is as follows: Lease Accrual & Termination Costs Termination Benefits Total (in thousands) Balance, January 31, 2018 $ 5,393 $ 404 $ 5,797 Exit costs incurred and charged to expense 414 — 414 Exit costs paid (3,428 ) (404 ) (3,832 ) Balance, January 31, 2019 2,379 — 2,379 Reclassified as a reduction of right-of-use lease assets upon adopting ASC 842, Leases (2,379 ) — (2,379 ) Balance, January 31, 2020 $ — — $ — As of January 31, 2019 , $2.2 million of the exit cost liability was included in other long-term liabilities and $0.2 million was included in accrued expenses and other in the consolidated balance sheets. During the year ended January 31, 2019 , the Company paid $3.0 million to terminate the real estate lease agreement for one of the Company's previously closed stores. The termination payment approximated the recorded lease accrual liability and therefore the impact to the consolidated statement of operations was not material.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Jan. 31, 2020
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 and benchmark interest rates to which the Company is exposed in the normal course of its operations. Cash Flow Hedge The Company previously was party to an interest rate swap instrument which had 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 was to 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 provided for a fixed interest rate of 1.901% through the instrument's maturity date. The interest rate swap instrument was designated as a cash flow hedging instrument and accordingly changes in the effective portion of the fair value of the instrument had been 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 were no longer probable of occurring. In April 2017, the Company elected to terminate its outstanding interest rate swap instrument. The Company paid $0.9 million to terminate the instrument. This cash payment is presented as a financing cash outflow in the consolidated statements of cash flows. Derivative Instruments Not Designated as Hedging Instruments The Company periodically 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 Company's foreign currency forward contracts generally have three-month maturities, maturing on the last day of each fiscal quarter. The notional value of outstanding foreign currency contracts as of January 31, 2019 was $14.1 million . There were no outstanding foreign currency contracts as of January 31, 2020 . As of January 31, 2020 , the Company had no derivative instruments and as of January 31, 2019 the fair value of the Company's outstanding derivative instruments was not material. Derivative instruments recognized as assets are recorded in prepaid expenses and other in the consolidated balance sheets, and derivative instruments recognized as liabilities are recorded in accrued expenses and other in the consolidated balance sheets. 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, 2020 , 2019 and 2018 . All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income. Year Ended January 31, 2020 2019 2018 OCI Income OCI Income OCI Income (in thousands) (in thousands) (in thousands) Derivatives Designated as Hedging Instruments: Cash flow hedges: Interest rate swap (a) $ — $ — $ — $ — $ 48 $ (1,091 ) Derivatives Not Designated as Hedging Instruments: Foreign currency contracts (b) — 365 — 1,696 — (1,510 ) Total Derivatives $ — $ 365 $ — $ 1,696 $ 48 $ (2,601 ) (a) No material hedge ineffectiveness has been recognized. The amounts show in income (loss) above are reclassification amounts from accumulated other comprehensive income (loss) and are recorded in Floorplan interest expense in the consolidated statements of operations (b) Amounts are included in Interest income and other income (expense) in the consolidated statements of operations During the year ended January 31, 2018 , the Company reclassified $0.6 million of pre-tax accumulated losses on its interest rate swap instrument from accumulated other comprehensive income (loss) to income as the original forecasted interest payments, which served as the hedged item underlying the interest rate swap instrument, were no longer probable of occurring during the time period over which such transactions were previously anticipated to occur. As of January 31, 2018, the Company had no remaining pre-tax net unrealized losses associated with its interest rate swap cash flow hedging instrument.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jan. 31, 2020
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, 2020 , the maximum amount of residual value guarantees was approximately $3.4 million and the lease agreements have termination dates ranging from 2020 to 2025 . As of January 31, 2020 , the Company has recognized a liability of approximately $3.2 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 discounted at a rate of interest to reflect the risk inherent in the liability. As of January 31, 2020 , the Company has recorded a current liability, recognized in accrued expenses and other in the consolidated balance sheets, of $2.1 million , and a long-term liability, recognized in other long-term liabilities in the consolidated balance sheets, of $1.1 million . As of January 31, 2020 , the Company had $1.6 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, 2020 as the Company deems the probability of being required to make such payments to be remote. Litigation On October 11, 2017, the Romania Competition Council (“RCC”) initiated an administrative investigation of the Romanian Association of Manufacturers and Importers of Agricultural Machinery (“APIMAR”) and all its members, including Titan Machinery Romania. The RCC's investigation involves whether the APIMAR members engaged in anti-competitive practices in their sales of agricultural machinery not involving European Union ("EU") subvention funding programs, by referring to the published sales prices governing EU subvention funded transactions, which prices are mandatorily disclosed to and published by AFIR, a Romanian government agency that oversees the EU subvention funding programs in Romania. The investigation is in a preliminary stage and the Company is currently unable to predict its outcome or reasonably estimate any potential loss that may result from the investigation. 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. 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 16.

LEASES (Notes)

LEASES (Notes)	12 Months Ended
	Jan. 31, 2020
Leases [Abstract]
OPERATING LEASE COMMITMENTS	LEASES As Lessee The Company, as lessee, leases certain of its dealership locations, office space, equipment and vehicles under operating and financing classified leasing arrangements. The Company has elected to not record leases with a lease term at commencement of 12 months or less on the consolidated balance sheet; such leases are expensed on a straight-line basis over the lease term. Many real estate lease agreements require the Company to pay the real estate taxes on the properties during the lease term and require that the Company maintains property insurance on each of the leased premises. Such payments are deemed to be variable lease payments, as the amounts may change during the term of the lease. Certain leases include renewal options that can extend the lease term for periods of one to ten years. Most real estate leases grant the Company a right of first refusal or other options to purchase the real estate, generally at fair market value, either during the lease term or at its conclusion. In most cases, the Company has not included these renewal and purchase options within the measurement of the right-of-use asset and lease liability. Most often the Company cannot readily determine the interest rate implicit in the lease and thus applies its incremental borrowing rate to capitalize the right-of-use asset and lease liability. We estimate our incremental borrowing rate by incorporating considerations of lease term, asset class and lease currency and geographical market. Our lease agreements do not contain any material non-lease components, residual value guarantees or material restrictive covenants. The Company subleases a small number of real estate assets to third-parties, primarily dealership locations for which we have ceased operations. All sublease arrangements are classified as operating leases. The components of lease expense were as follows: Classification Twelve Months Ended January 31, 2020 (in thousands) Finance lease cost: Amortization of leased assets Operating expenses $ 1,457 Interest on lease liabilities Other interest expense 554 Operating lease cost Operating expenses & rental and other cost of revenue 21,225 Short-term lease cost Operating expenses 242 Variable lease cost Operating expenses 2,665 Sublease income Interest income and other income (expense) (620 ) $ 25,523 Right-of-use lease assets and lease liabilities consist of the following: Classification January 31, 2020 (in thousands) Assets Operating lease assets Operating lease assets $ 88,281 Financing lease assets (a) Property and equipment, net of accumulated depreciation 6,297 Total leases assets $ 94,578 Liabilities Current Operating Current operating lease liabilities $ 12,259 Financing Accrued expenses and other 1,708 Noncurrent Operating Operating lease liabilities 88,387 Financing Other long-term liabilities 4,103 Total lease liabilities $ 106,457 (a) Finance lease assets are recorded net of accumulated amortization of $1.5 million as of January 31, 2020 . Maturities of lease liabilities as of January 31, 2020 are as follows: Operating Finance Leases Leases Total Fiscal Year Ending January 31, (in thousands) 2021 $ 18,714 $ 2,157 $ 20,871 2022 16,841 1,838 18,679 2023 15,737 1,188 16,925 2024 14,830 448 15,278 2025 13,700 387 14,087 2026 14,013 309 14,322 Thereafter 33,163 1,083 34,246 Total lease payments 126,998 7,410 134,408 Less: Interest 26,352 1,599 27,951 Present value of lease liabilities $ 100,646 $ 5,811 $ 106,457 The weighted-average lease term and discount rate as of January 31, 2020 are as follows: Weighted-average remaining lease term (years): Operating leases 7.9 Financing leases 5.4 Weighted-average discount rate: Operating leases 6.1% Financing leases 8.5% Other lease information is as follows: Twelve Months Ended January 31, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 18,176 Operating cash flow from finance leases 553 Financing cash flows from finance leases 1,812 Operating lease assets obtained in exchange for new operating lease liabilities 1,316 Finance lease assets obtained in exchange for new finance lease liabilities 1,333 As Lessor The Company rents equipment to customers, primarily in the Construction segment, on a short-term basis. Our rental arrangements generally do not include minimum, noncancellable periods as the lessee is entitled to cancel the arrangement at any time. Most often, our rental arrangements extend for periods ranging from a few days to a few months. We maintain a fleet of dedicated rental assets within our Construction segment and, within all segments, may also provide short-term rentals of certain equipment inventory assets. Certain rental arrangements may include rent-to-purchase options whereby customers are given a period of time to exercise an option to purchase the related equipment at an established price with any rental payments paid applied to reduce the purchase price. All of the Company's leasing arrangements as lessor are classified as operating leases. Rental revenue is recognized on a straight-line basis over the rental period. Rental revenue includes amounts charged for loss and damage insurance on rented equipment. In most cases, our rental arrangements include non-lease components, including delivery and pick-up services. The Company accounts for these non-lease components separate from the rental arrangement and recognizes the revenue associated with these components when the service is performed. The Company has elected to exclude from rental revenue all sales, value added and other taxes collected from our customers concurrent with our rental activities. Rental billings most often occur on a monthly basis and may be billed in advance or in arrears, thus creating unbilled rental receivables or deferred rental revenue amounts. The Company manages the residual value risk of its rented assets by (i) monitoring the quality, aging and anticipated retail market value of our rental fleet assets to determine the optimal period to remove an asset from the rental fleet, (ii) maintaining the quality of our assets through on-site parts and service support and (iii) requiring physical damage insurance of our lessee customers. We primarily dispose of our rental assets through the sale of the asset by our retail sales force. Revenue generated from leasing activities is disclosed, by segment, in Note 3. The following is the balance of our dedicated rental fleet assets of our Construction segment as of January 31, 2020 and 2019 , respectively: January 31, 2020 January 31, 2019 (in thousands) (in thousands) Rental fleet equipment $ 104,133 $ 111,164 Less accumulated depreciation 42,076 50,399 $ 62,057 $ 60,765

RELATED PARTY TRANSACTIONS RELA

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS	12 Months Ended
	Jan. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 17 - RELATED PARTY TRANSACTIONS Effective February 1, 2017, the Company and Peter Christianson (our former President and former member of our Board of Directors), who is a brother of Tony Christianson (a member of our Board of Directors), agreed to terminate a consulting arrangement between the parties. In connection with the termination, the Company agreed to pay Mr. Peter Christianson the sum of $0.7 million , payable in two equal installments in fiscal 2018 and fiscal 2019. All unvested stock options and shares of restricted stock held by Mr. Peter Christianson were allowed to vest as scheduled. As a result of the termination agreement, the Company recognized for fiscal 2018, a total of $0.8 million in termination costs, consisting of $0.7 million for future cash payments owed to Mr. Peter Christianson and $0.1 million for unvested shares of restricted stock. These termination costs are included in restructuring costs in the consolidated statements of operations. As of January 31, 2019, all amounts owed to Mr. Peter Christianson had been paid in full. Effective September 8, 2017, the Company sold a real estate asset that was primarily used for field training purposes to Stiklestad LLC for $1.8 million . All consideration related to the transaction was exchanged at closing on September 8, 2017, and there are no amounts owed to either party following that date. Stiklestad LLC is owned by members of the family of David Meyer, the Company's Chief Executive Officer. No gain or loss was recognized on the transaction and the Company believes that the selling price approximated fair value.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jan. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The components of income (loss) before income taxes for the years ended January 31, 2020 , 2019 and 2018 consist of the following: 2020 2019 2018 (in thousands) U.S. $ 14,148 $ 10,994 $ (16,644 ) Foreign 504 5,160 2,205 Total $ 14,652 $ 16,154 $ (14,439 ) The provision for (benefit from) income taxes charged to income for the years ended January 31, 2020 , 2019 and 2018 consists of the following: 2020 2019 2018 (in thousands) Current Federal $ 897 $ (110 ) $ 130 State 116 (189 ) 50 Foreign 1,349 1,760 1,350 Total current taxes 2,362 1,461 1,530 Deferred Federal (375 ) 2,071 (6,247 ) State (1,929 ) (45 ) 270 Foreign 641 485 (2,943 ) Total deferred taxes (1,663 ) 2,511 (8,920 ) $ 699 $ 3,972 $ (7,390 ) The reconciliation of the statutory federal income tax rate to the Company's effective rate is as follows: 2020 2019 2018 U.S. statutory rate 21.0 % 21.0 % (33.8 )% Foreign statutory rates 1.0 % 0.6 % 1.4 % State taxes on income net of federal tax benefit 5.8 % 5.6 % (4.3 )% Valuation allowances (36.6 )% (5.2 )% (4.4 )% Impact of Ukraine currency gains or losses 10.5 % 2.0 % 1.0 % U.S. statutory rate reduction — % — % (13.9 )% All other, net 3.1 % 0.6 % 2.8 % 4.8 % 24.6 % (51.2 )% Deferred tax assets and liabilities consist of the following as of January 31, 2020 and 2019 : 2020 2019 (in thousands) Deferred tax assets: Inventory allowances $ 3,037 $ 3,598 Intangible assets 2,192 2,670 Net operating losses 4,291 6,266 Accrued liabilities and other 3,533 4,120 Receivables 1,137 740 Stock-based compensation 1,095 1,103 Right of use lease liability 25,325 — Other 452 806 Total deferred tax assets 41,062 19,303 Valuation allowances (2,180 ) (6,727 ) Deferred tax assets, net of valuation allowances $ 38,882 $ 12,576 Deferred tax liabilities: Property and equipment $ (16,752 ) $ (14,433 ) Right of use lease asset (22,038 ) — Senior convertible notes — (88 ) Total deferred tax liabilities $ (38,790 ) $ (14,521 ) Net deferred tax asset (liability) $ 92 $ (1,945 ) On December 22, 2017, the U.S. government enacted tax legislation commonly referred to as the Tax Cuts and Jobs Act (the "Tax Act"). The Tax Act made broad changes to the U.S. tax code, including, among other things, to 1) reduce the U.S. federal corporate tax rate from 35% to 21%; 2) generally eliminate U.S. federal income taxes on dividends from foreign subsidiaries; 3) institute a one-time transaction tax on certain unrepatriated earnings of an entity's foreign subsidiaries; 4) create a new provision designed to tax global intangible low-taxed income ("GILTI"); 5) creates a new limitation on deductible interest expense; and 6) modify the rules related to uses and limitations of net operating losses. The enactment of the Tax Act lowered the U.S. federal corporate tax rate from 35% to 21%, accordingly, for the fiscal year ended January 31, 2018, the Company had a blended corporate statutory tax rate of 33.8% , which is based on the number of days in the fiscal year before and after the enactment date. The Company recorded a net tax benefit of $1.8 million for the fiscal year ended January 31, 2018 as a result of remeasuring its domestic deferred tax assets, deferred tax liabilities and any valuation allowances based on the 21% corporate tax rate at which these deferred tax amounts are expected to reverse in the future. The Tax Act instituted a one-time transaction tax on previously untaxed accumulated and current earnings and profits of our foreign subsidiaries. The Company did not record a liability for the transaction tax because of a lack of accumulated earnings and profits, on a combined basis, of our foreign subsidiaries. The Tax Act requires that certain income (i.e., GILTI) earned by foreign subsidiaries must be included currently in gross income of the U.S. shareholder. The Company has elected to treat future GILTI inclusions as a current period expense when incurred. As of January 31, 2020 , the Company has recorded $47.0 million of net operating loss carryforwards within certain of its U.S. state and foreign jurisdictions; $8.5 million of net operating loss carryforwards are within foreign jurisdictions with unlimited carryforward periods, $9.0 million are within foreign jurisdictions that expire at various dates between the Company's fiscal years 2021 and 2025, and $29.4 million are within U.S. states that expire at various dates between the Company's fiscal years 2032 and 2038. At the end of fiscal year ended January 31, 2020, the Company concluded, based upon all available evidence, it was more likely than not that it would have sufficient future taxable income to realize the Company’s U.S. federal and state deferred tax assets. As a result, the Company released the $4.6 million valuation allowance associated with these deferred tax assets and recognized a corresponding benefit from income taxes in the consolidated statement of operations for the year ended January 31, 2020 . The Company's conclusion regarding the realizability of such deferred tax assets was based on recent profitable domestic operations resulting in a cumulative profit over the three-year period ended January 31, 2020 and our projections of future profitability in the U.S. In reviewing our foreign deferred tax assets as of January 31, 2020 , we concluded that a full valuation allowance continued to be warranted in certain jurisdiction locations. In total, valuation allowances of $2.2 million exist for our international entities as of January 31, 2020. At the end of fiscal year 2019, we concluded that a partial valuation allowance continued to be warranted for U.S. federal and state deferred tax assets, including state net operating losses, and a full valuation allowance for certain of our foreign deferred tax assets, including net operating losses. In total, the valuation allowances of $6.7 million existed as of January 31, 2019 . The recognition of the valuation allowances for our U.S. and foreign deferred tax assets was based on the presence of historical losses and our expected future sources of taxable income, including the anticipated future reversal of our existing deferred tax assets and liabilities. During the fiscal year ended January 31, 2018, the Company concluded, based upon all available evidence, it was more likely than not that it would have sufficient future taxable income to realize the deferred tax assets of its Ukrainian subsidiary. As a result, the Company released the $3.5 million valuation allowance associated with these deferred tax assets and recognized a corresponding benefit from income taxes in the consolidated statement of operations for the year ended January 31, 2018. The Company's conclusion regarding the realizability of such deferred tax assets was based on recent profitable operations in Ukraine resulting in a cumulative profit over the three-year period ending January 31, 2018, our projections of future profitability in Ukraine, the relative economic and political stability in Ukraine and the unlimited carryforward period of net operating losses in Ukraine. 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 prior to January 31, 2017 and state tax authorities for fiscal years ended prior to January 31, 2016 . Certain foreign jurisdictions are no longer subject to income tax examinations for the calendar year periods ranging between 2012 and 2015, depending on the jurisdiction of the entity. As of January 31, 2020 , the Company had accumulated undistributed earnings in non-U.S. subsidiaries of approximately $17.0 million . Upon repatriation of such earnings the Company could be subject to additional U.S. or foreign taxes. The Company has not recorded a deferred tax liability associated with these undistributed earnings as such earnings are to be reinvested outside of the U.S. indefinitely. It is not practicable to estimate the amount of additional tax that might be payable if such earnings were repatriated.

CAPITAL STRUCTURE

CAPITAL STRUCTURE	12 Months Ended
	Jan. 31, 2020
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.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Jan. 31, 2020
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	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 Plans under all forms of awards. Shares issued for stock-based awards consist of authorized but unissued shares. The Plans authorize and make available 1,650,000 shares for equity awards. As of January 31, 2020 , the Company has 482,789 shares authorized and available for future equity awards. Compensation cost arising from stock-based compensation and charged to operations was $2.7 million , $2.7 million and $3.1 million for the years ended January 31, 2020 , 2019 and 2018 . The related income tax benefit (net) was $0.6 million , $0.8 million and $1.2 million for the years ended January 31, 2020 , 2019 and 2018 . 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 RSA activity for the year ended January 31, 2020 : Shares Weighted Average Grant Date Fair Value (in thousands) Nonvested at January 31, 2019 380 $ 15.88 Granted 174 16.48 Forfeited (26 ) 15.89 Vested (167 ) 16.12 Nonvested at January 31, 2020 361 16.14 The weighted-average grant date fair value of RSAs granted was $16.48 , $17.22 and $17.47 during the years ended January 31, 2020 , 2019 and 2018 . The total fair value of RSAs vested was $3.8 million , $3.6 million and $3.6 million during the years ended January 31, 2020 , 2019 and 2018 . As of January 31, 2020 , there was $2.7 million of unrecognized compensation cost related to nonvested RSAs that is expected to be recognized over a weighted-average period of 1.9 years. Restricted Stock Units ("RSUs") The Company grants RSUs as part of its long-term incentive compensation to certain employees of the Company in our European operations. 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. 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, 2020 : Shares Weighted Average Grant Date Fair Value (in thousands) Nonvested at January 31, 2019 5 $ 14.19 Granted 11 17.79 Vested (2 ) 13.53 Nonvested at January 31, 2020 14 $ 17.06 The weighted-average grant date fair value of RSUs granted was $17.79 and $17.58 for the fiscal years ended January 31, 2020 and 2019 . There were no RSUs granted during fiscal 2019. As of January 31, 2020 , there was $0.2 million of unrecognized compensation cost related to nonvested RSUs that is expected to be recognized over a weighted-average period of 2.2 years. During the year ended January 31, 2019 , the Company modified certain of its RSU agreements to require the settlement of all future vested awards to be paid in cash in an amount equal to the number of vested awards multiplied by the stock price of the Company on the date of vesting. Due to the cash settlement provision, these awards became liability-classified share-based payments on the modification date. The accounting for this modification did not have a material impact on the Company's consolidated statement of operations or financial position. Long-Term Cash Incentive Awards The Company grants long-term cash incentive awards as part of its long-term incentive compensation to certain international employees of the Company. The awards vest over a period of approximately four years and entitle the award recipient to a cash payment on the vesting date equal to the number of vested shares multiplied by the stock price of the Company on the date of vesting. These awards are liability-classified share-based payment awards in which fair value of the award is remeasured at each period until the liability is settled. Fair value of these awards is determined based on the closing price of the Company's stock as of the end of each reporting period. Changes in the fair value of the liability are recognized as compensation cost over the requisite service period. The percentage of the fair value that is accrued as compensation cost at the end of each period is equal to the percentage of the requisite service that has been rendered at that date. The following table summarizes activity for long-term cash incentive awards for the year ended January 31, 2020: Shares Weighted Average Grant Date Fair Value (in thousands) Nonvested at January 31, 2019 24 $ 16.22 Granted 17 16.63 Forfeited (3 ) 16.07 Vested (11 ) 16.65 Nonvested at January 31, 2020 27 $ 16.48 The weighted-average grant date fair value of long-term cash incentive awards granted was $16.63 during the year ended January 31, 2020 . As of January 31, 2020 , based on the Company's stock price on that day, there was $0.2 million of unrecognized compensation cost related to nonvested awards that is expected to be recognized over a weighted-average period of 1.3 years.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (Notes)	12 Months Ended
	Jan. 31, 2020
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following is a summary of the changes in accumulated other comprehensive income (loss), by component, for the fiscal years ended January 31, 2020 , 2019 and 2018 : Foreign Currency Translation Adjustment Net Investment Hedging Instruments, Unrealized Gain Cash Flow Hedging Instruments, Unrealized Gain (Loss) Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, January 31, 2017 $ (6,810 ) $ 2,711 $ (684 ) $ (4,783 ) Other comprehensive income (loss) before reclassifications 2,399 — 48 2,447 Amounts reclassified from accumulated other comprehensive income (loss) — — 1,091 1,091 Total other comprehensive income (loss), before tax 2,399 — 1,139 3,538 Tax effect — — (455 ) (455 ) Total other comprehensive income (loss), net of tax 2,399 — 684 3,083 Balance, January 31, 2018 (4,411 ) 2,711 — (1,700 ) Total other comprehensive loss (640 ) — — (640 ) Balance, January 31, 2019 (5,051 ) 2,711 — (2,340 ) Total other comprehensive loss (880 ) — — (880 ) Balance, January 31, 2020 $ (5,931 ) $ 2,711 $ — $ (3,220 ) Income taxes are not provided for foreign currency translation adjustments arising from permanent investments in international subsidiaries. Reclassifications are made to avoid double counting in comprehensive income (loss) items that are also recorded as part of net income (loss). Reclassification amounts from cash flow hedging instruments for the year ended January 31, 2018 are recorded in floorplan interest expense in the consolidated statements of operations. The tax effect of these reclassifications, recognized as a tax benefit in the amount of $0.4 million for the year ended January 31, 2018, are recorded in provision for (benefit from) income taxes in the consolidated statements of operations.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Jan. 31, 2020
Retirement Benefits [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. The Company recognized expense for contributions made to the 401(k) Plan totaling $3.0 million , $2.7 million and $2.5 million for the years ended January 31, 2020 , 2019 and 2018 . 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

BUSINESS COMBINATIONS	12 Months Ended
	Jan. 31, 2020
Business Combinations [Abstract]
BUSINESS COMBINATIONS	NOTE 23 - BUSINESS COMBINATIONS Fiscal 2020 On January 1, 2019, the Company, through its German subsidiary, acquired certain assets of ESB Agrartechnik GmbH ("ESB"). ESB is a full-service agriculture equipment dealership in Eastern Germany. The Company's acquisition of ESB further expands its presence in the German market. The total consideration transferred for the acquired business was $3.0 million paid in cash. This acquisition was recognized in the fiscal year ended January 31, 2020 as the acquisition occurred within the Company's International segment in which all entities maintain a calendar year reporting period. On October 1, 2019, the Company acquired certain assets of Uglem-Ness Co. The acquired business consists of one Case IH agriculture equipment store in Northwood, North Dakota. The service area is contiguous to the Company's existing locations in Grand Forks and Casselton, North Dakota and Ada, Minnesota. The total consideration transferred for the acquired business was $10.9 million paid in cash, including the acquired real estate, which was finalized in January 2020 for $2.1 million . In connection with the acquisition, the Company acquired from CNH Industrial and certain other manufacturers equipment and parts inventory previously owned by Uglem-Ness Co. Upon acquiring such inventories, the Company has been offered floorplan financing by the respective manufacturers. In total, the Company acquired inventory and recognized a corresponding financing liability of $7.4 million . The recognition of these inventories and the associated financing liabilities are not included as part of the accounting for the business combination. Fiscal 2019 On July 2, 2018, the Company acquired all interests of two commonly-controlled companies, AGRAM Landtechnikvertrieb GmbH and AGRAM Landtechnik Rollwitz GmbH (collectively "AGRAM"), for $19.2 million in cash consideration. Founded in 1990, AGRAM is a CaseIH and Steyr dealership complex consisting of four agriculture dealership locations in the following cities of Germany: Altranft, Burkau, Gutzkow, and Rollwitz. Our acquisition of these entities provided the Company the opportunity to expand its international presence into the large, well-established German market. Purchase Price Allocation Each of the above acquisitions has been accounted for under the acquisition method of accounting, which requires the Company to estimate the acquisition date fair value of the assets acquired and liabilities assumed. The accounting for all business combinations is complete as of January 31, 2020. The following table presents the aggregate purchase price allocations for all acquisitions completed during the fiscal years ended January 31, 2020 and 2019: Year Ended January 31, 2020 2019 (in thousands) Assets acquired: Cash $ — $ 3,857 Receivables 440 5,340 Inventories 6,466 21,725 Prepaid expenses and other — 887 Property and equipment 3,810 3,512 Intangible assets 1,973 1,944 Goodwill 1,198 924 Other — 61 13,887 38,250 Liabilities Assumed: Accounts payable — 1,553 Floorplan payable — 13,820 Deferred revenue — 85 Accrued expenses and other — 1,279 Long-term debt — 1,725 Deferred income taxes — 632 — 19,094 Net assets acquired $ 13,887 $ 19,156 Goodwill recognized by segment: Agriculture $ 699 $ — Construction — — International 499 924 Goodwill expected to be deductible for tax purposes 1,198 — The recognition of goodwill in the above business combinations arose from the acquisition of an assembled workforce and anticipated synergies expected to be realized. For business combinations occurring during the year ended January 31, 2020, the Company recognized, in the aggregate, a customer relationship intangible asset of $0.2 million , a non-competition intangible asset of $0.1 million , and a distribution rights intangible asset of $1.6 million . For business combinations occurring during the year ended January 31, 2019, the Company recognized a customer relationship intangible asset of $0.1 million and a distribution right intangible asset of $1.8 million . The acquired non-competition and customer relationship intangible assets are being amortized over periods ranging from three to five years. The distribution rights assets are indefinite-lived intangible assets not subject to amortization, but are tested for impairment annually, or more frequently upon the occurrence of certain events or when circumstances indicate that impairment may be present. The Company estimated the fair value of these intangible assets using a multi-period excess earnings model, an income approach. Acquisition related costs were not material for the fiscal years ended January 31, 2020 and 2019, and have been expensed as incurred and recognized as operating expenses in the consolidated statements of operations.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Jan. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS As of January 31, 2020 and 2019 , the fair value of the Company's foreign currency contracts, which are either assets or liabilities measured at fair value on a recurring basis, was not material. These foreign currency contracts were valued using a discounted cash flow analysis, an income approach, utilizing readily observable market data as inputs, which is classified as a Level 2 fair value measurement. The Company also valued certain long-lived assets at fair value on a non-recurring basis as of January 31, 2020 , April 30, 2019 and January 31, 2019 as part of its long-lived asset impairment testing. The estimated fair value of such assets as of January 31, 2020 , and January 31, 2019 was $2.8 million and $0.9 million . Fair value was determined by utilizing an income approach incorporating both observable and unobservable inputs, and are deemed to be Level 3 fair value inputs. The most significant unobservable inputs include forecasted net cash generated from the use of the 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 be approximately 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, 2020 and 2019 . The following table provides details on the Senior Convertible Notes as of January 31, 2019 . During fiscal 2020, the Company paid off the remaining Senior Convertible Notes. 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 11). Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs. January 31, 2019 Estimated Fair Value Carrying Value Face Value (in thousands) Senior convertible notes $ 45,644 $ 45,249 $ 45,644

SEGMENT INFORMATION AND OPERATI

SEGMENT INFORMATION AND OPERATING RESULTS	12 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
SEGMENT INFORMATION AND OPERATING RESULTS	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 $236.1 million , $232.7 million and $208.9 million for the years ended January 31, 2020 , 2019 and 2018 . As of January 31, 2020 and 2019 , $11.4 million and $12.3 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, 2020 2019 2018 (in thousands) Revenue Agriculture $ 749,042 $ 726,793 $ 689,854 Construction 320,034 301,989 293,860 International 236,095 232,723 208,892 Total $ 1,305,171 $ 1,261,505 $ 1,192,606 Income (Loss) Before Income Taxes Agriculture $ 18,036 $ 16,799 $ (3,678 ) Construction (2,290 ) (4,400 ) (7,278 ) International 504 5,160 2,205 Segment income (loss) before income taxes 16,250 17,559 (8,751 ) Shared Resources (1,598 ) (1,405 ) (5,688 ) Total $ 14,652 $ 16,154 $ (14,439 ) Total Impairment Agriculture $ 2,807 $ 886 $ 175 Construction 957 1,114 498 International — 156 — Total $ 3,764 $ 2,156 $ 673 Restructuring Costs Agriculture $ — $ 441 $ 6,886 Construction — (27 ) 2,093 International — — 62 Segment impairment — 414 9,041 Shared Resources — — 1,458 Total $ — $ 414 $ 10,499 Interest Income Agriculture $ 54 $ 84 $ 164 Construction 217 234 314 International 44 81 9 Segment interest income 315 399 487 Shared Resources 16 (73 ) 9 Total $ 331 $ 326 $ 496 Interest Expense Agriculture $ 5,142 $ 4,272 $ 5,781 Construction 7,221 6,308 7,750 International 3,504 3,313 2,510 Segment interest expense 15,867 13,893 16,041 Shared Resources (6,061 ) (19 ) 958 Total $ 9,806 $ 13,874 $ 16,999 Year Ended January 31, 2020 2019 2018 (in thousands) Depreciation and Amortization Agriculture $ 5,095 $ 4,997 $ 5,411 Construction 12,537 13,652 14,297 International 2,402 1,804 1,366 Segment depreciation and amortization 20,034 20,453 21,074 Shared Resources 8,033 3,152 4,031 Total $ 28,067 $ 23,605 $ 25,105 Capital Expenditures Agriculture $ 4,699 $ 2,473 $ 2,950 Construction 15,713 7,012 20,080 International 1,768 1,944 1,332 Segment capital expenditures 22,180 11,429 24,362 Shared Resources 2,836 522 1,753 Total $ 25,016 $ 11,951 $ 26,115 January 31, 2020 January 31, 2019 Total Assets (in thousands) Agriculture $ 444,942 $ 316,224 Construction 275,645 227,261 International 191,513 170,187 Segment assets 912,100 713,672 Shared Resources 63,243 78,766 Total $ 975,343 $ 792,438

SELECTED QUARTERLY FINANCIAL DA

SELECTED QUARTERLY FINANCIAL DATA (Unaudited)	12 Months Ended
	Jan. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
SELECTED QUARTERLY FINANCIAL DATA (Unaudited)	SELECTED QUARTERLY FINANCIAL DATA (Unaudited) The following reflects selected quarterly financial information for fiscal years 2020 and 2019 . 2020 2019 First quarter Second quarter Third quarter Fourth quarter First quarter Second quarter Third quarter Fourth quarter (in thousands, except per share data) Revenue $ 278,292 $ 314,981 $ 360,936 $ 350,964 $ 243,714 $ 297,231 $ 360,913 $ 359,647 Gross Profit 53,900 64,027 71,774 61,118 47,558 58,901 69,542 55,585 Net Income (Loss) (445 ) 5,511 8,214 673 (1,588 ) 5,180 10,776 (2,160 ) Earnings (Loss) per Share-Basic (0.02 ) 0.25 0.37 0.03 (0.07 ) 0.23 0.49 (0.10 ) Earnings (Loss) per Share-Diluted (0.02 ) 0.25 0.37 0.03 (0.07 ) 0.23 0.48 (0.10 ) In the fourth quarter of fiscal 2020, the Company recognized an income tax benefit of $4.6 million from the release of the U.S. valuation allowance previously recognized for deferred tax assets. Further details of these tax matters are discussed in Note 18.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jan. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On January 31, 2020, the Company entered into a definitive purchase agreement to acquire HorizonWest Inc., which owns a three store CaseIH agriculture dealership complex in Scottsbluff and Sidney, Nebraska and Torrington, Wyoming. In its most recent fiscal year, HorizonWest generated revenue of approximately $26 million . The Company expects to close the acquisition in May 2020. Effective March 23, 2020, the Company announced it would temporarily prevent public access to its stores in response to the increased impact from novel coronavirus (COVID-19). While customers temporarily do not have access to our facilities, we are fully staffed; and we are using technology, mobile service fleets and alternative delivery solutions to provide equipment, parts, service and rental to our customers. While this is expected to be temporary, the current circumstances are dynamic. The impacts of COVID-19 on our business operations, financial results, and on customer demand cannot be reasonably estimated at this time. On April 3, 2020 , the Company entered into a Third Amended and Restated Credit Agreement, arranged by Bank of America, with a syndicate of lenders consisting of Wells Fargo, Regions, BBVA, Sterling National Bank and AgCountry Farm Credit. The new credit agreement provides for an aggregate $250 million financing commitment by the lenders, consisting of an aggregate floorplan financing commitment of $185 million and an aggregate working capital commitment of $65 million . Loans under the new credit facility will carry an initial effective interest rate equal to LIBOR plus an applicable margin of 1.5% per annum, based on the Company’s liquidity position. The terms of the new agreement are similar to those in the previous credit facility, but favorably impacted by the increased advanced rates adding to the Company's excess availability. In conjunction with entering into the new credit agreement, the Company repaid in full all debt outstanding under its previous Wells Fargo Credit Agreement, which was to mature in October, 2020.

Schedule II-Valuation and Quali

Schedule II-Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Jan. 31, 2020
SEC Schedule, 12-09, 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 Additions from Business Combinations Deductions for Write-offs, Net of Recoveries Foreign Currency Translation Adjustments Ending Balance (in thousands) Valuation reserve deduction from receivables: Year Ended January 31, 2020 $ 3,528 $ 2,497 $ — $ (872 ) $ (30 ) $ 5,123 Year Ended January 31, 2019 2,951 835 958 (1,173 ) (43 ) 3,528 Year Ended January 31, 2018 3,630 2,333 — (3,138 ) 126 2,951

BUSINESS ACTIVITY AND SIGNIFI_2

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Nature of Business	Nature of Business Titan Machinery Inc. and its subsidiaries (collectively, the "Company") are 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, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Germany, Romania, Serbia and Ukraine.
Seasonality	Seasonality The agricultural and construction equipment businesses are highly seasonal, which causes the Company's quarterly results and cash flows 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	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant accounts, transactions and profits between the consolidated companies have been eliminated in consolidation. The Company's foreign subsidiaries have fiscal years ending on December 31 of each year, consistent with statutory reporting requirements in each of the respective countries. The accounts of the Company's foreign subsidiaries are consolidated as of December 31 of each year. No events or transactions occurred related to these subsidiaries in January 2020 that would have materially affected the consolidated financial position, results of operations or cash flows.
Reclassifications	Reclassifications
Estimates	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, impairment of long-lived assets, collectability of receivables, and income taxes.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company's sales are to agricultural and construction equipment customers principally in the U.S. 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	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 entity's equipment at specified locations. 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 the Company's inventory • CNH Industrial provides a significant percentage of the financing and lease financing used by the Company's customers to purchase CNH Industrial equipment from the Company
Receivables and Credit Policy	eceivables and Credit Policy Trade accounts receivable due from customers are uncollateralized customer obligations due under normal trade terms requiring payment within 30 to 90 days from the invoice date. Balances unpaid after the due date based on trade terms 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 and incentive programs. 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 rates. 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	nventories New and used equipment are stated at the lower of cost (specific identification) or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. All new and used equipment inventories, including that which has been rented, are subject to periodic lower of cost or net realizable value evaluation that considers various factors including aging of equipment and market conditions. Equipment inventory values are adjusted whenever the carrying amount exceeds the net realizable value. Parts inventories are valued at the lower of average cost or net realizable value. The Company estimates its lower of cost or net realizable value 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	roperty 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.
Intangible Assets	ntangible 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 generally 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. Accordingly, 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 impairment test is a single-step assessment that identifies both the existence of impairment and the amount of impairment loss by comparing the estimated fair value of the asset to its carrying value, with any excess carrying value over the fair value being recognized as an impairment loss. The Company performs its annual impairment test as of December 31st of each year
Impairment of Long-Lived Assets	mpairment 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 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. 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, 2020 , the Company determined that certain events or circumstances, including a current period operating loss combined with historical losses and anticipated future operating losses, within certain of its stores was an indication that the long-lived assets of these stores may not be recoverable. The aggregate carrying value of such assets totaled $9.4 million . In light of these circumstances, the Company performed step one of the long-lived asset impairment analysis for these assets and concluded that the carrying value was not recoverable. Accordingly, the Company performed step two of the impairment analysis and estimated the fair value of the assets using an income approach. The Company recognized total impairment charges of $3.1 million , of which $2.3 million related to the Agriculture segment and $0.8 million related to the Construction segment. All impairment charges recognized are included in the Impairment of Long-Lived Assets amount in the consolidated statements of operations. We performed similar impairment analyses at the end of fiscal 2019 and 2018 . The Company recognized impairment charges totaling $2.2 million on long-lived assets during the year ended January 31, 2019 , of which $0.9 million related to the Agriculture segment, $1.1 million related to the Construction segment, and $ 0.2 million related to the International segment. The Company recognized impairment charges totaling $0.7 million on long-lived assets during the year ended January 31, 2018 , of which $0.2 million related to the Agriculture segment and $0.5 million related to the Construction segment.
Derivative Instruments	erivative 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 may manage 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.
Revenue Recognition	REVENUE The following tables present our revenue disaggregated by revenue source and segment for the years ended January 31, 2020 and 2019: Year Ended January 31, 2020 Agriculture Construction International Total (in thousands) Equipment $ 535,792 $ 194,675 $ 186,735 $ 917,202 Parts 141,093 52,160 40,964 234,217 Service 66,158 26,189 6,818 99,165 Other 2,989 2,895 264 6,148 Revenue from contracts with customers 746,032 275,919 234,781 1,256,732 Rental 3,010 44,115 1,314 48,439 Total revenues $ 749,042 $ 320,034 $ 236,095 $ 1,305,171 Year Ended January 31, 2019 Agriculture Construction International Total (in thousands) Equipment $ 535,034 $ 185,163 $ 188,981 $ 909,178 Parts 127,741 47,404 35,651 210,796 Service 58,823 23,267 4,750 86,840 Other 2,690 3,896 179 6,765 Revenue from contracts with customers 724,288 259,730 229,561 1,213,579 Rental 2,505 42,259 3,162 47,926 Total revenues $ 726,793 $ 301,989 $ 232,723 $ 1,261,505 Deferred revenue from contracts with customers totaled $39.5 million and $44.9 million as of January 31, 2020 and January 31, 2019 . Our deferred revenue most often increases in the fourth quarter of each fiscal year, due to a higher level of customer down payments or prepayments. In the fourth quarter of the fiscal year, longer time periods between customer payments and delivery of the equipment occur. The decrease in deferred revenue from January 31, 2019 to January 31, 2020 was primarily due to lower new equipment sales activity during the fourth quarter of fiscal 2020. During the year ended January 31, 2020 , the Company recognized substantially all of the revenue that was included in the deferred revenue balance as of January 31, 2019 . No material amount of revenue was recognized during the year ended January 31, 2020 from performance obligations satisfied in previous periods. The Company has elected as a practical expedient to not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of service of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The contracts for which the practical expedient has been applied include (i) equipment revenue transactions, which do not have a stated contractual term, but are short-term in nature, and (ii) service revenue transactions, which also do not have a stated contractual term but are generally completed within 30 days and for such contracts we recognize revenue over time at the amount to which we have the right to invoice for services completed to date.
Advertising Costs	dvertising Costs Costs incurred for producing and distributing advertising are expensed as incurred. Advertising expense amounted to $2.2 million , $2.1 million and $2.2 million for the years ended January 31, 2020 , 2019 and 2018 .
Comprehensive Income and Foreign Currency Matters	omprehensive Income and Foreign Currency Matters For the Company, comprehensive income (loss) represents net income adjusted for foreign currency translation adjustments and unrealized gains or losses on cash flow hedging 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 gain of $0.4 million and $1.2 million for the years ended January 31, 2020 and 2018 , respectively, and a net foreign currency transaction loss of $0.9 million for the year ended January 31, 2019 .
Stock-Based Compensation
Business Combinations	usiness 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
Segment Reporting	egment Reporting The Company operates its business in three reportable segments, the Agriculture, Construction and International segments.
Recent Accounting Guidance	Recent Accounting Guidance Accounting guidance adopted In March 2016, the FASB amended authoritative guidance on stock-based compensation through the issuance of ASU 2016-09 which is 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. The Company adopted this guidance on February 1, 2017. Under the new guidance, the Company elected to account for forfeitures of share based instruments as they occur, as compared to the previous guidance under which the Company estimated the number of forfeitures. The Company applied the accounting change on a modified retrospective basis as a cumulative-effect adjustment to retained earnings as of February 1, 2017. The following table summarizes the impact to the Company’s consolidated balance sheet: As of February 1, 2017 Balance Sheet Classification Additional paid-in capital Deferred income tax liability Retained earnings (in thousands) Increase (Decrease) Impact of cumulative-effect adjustment from adoption of ASU 2016-09 $ 2,087 $ (835 ) $ (1,252 ) In February 2016, the Financial Accounting Standards Board ("FASB") issued a new leasing standard applicable for lessees and lessors and codified in Accounting Standards Codification 842, Leases, ("ASC 842") to increase transparency and comparability among organizations. Most prominent among the changes in the standard is the recognition on the balance sheet by a lessee of right-of-use assets and lease liabilities for most leases. The standard also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from lease activities. This guidance was effective for reporting periods beginning after December 15, 2018. The Company adopted the leasing guidance on February 1, 2019 using a prospective transition method at the adoption date and recognized a cumulative-effect adjustment to the opening balance of retained earnings as a result of adoption. Under this method of adoption, prior period amounts are not adjusted and will continue to be reported under accounting standards in effect for those periods. The Company elected the package of practical expedients afforded under the guidance, which applies to leases that commenced prior to adoption and permits an entity not to: 1) reassess whether existing or expired contracts are or contain a lease, 2) reassess the lease classification, and 3) reassess any initial direct costs for any existing leases. The Company did not elect the use of the hindsight practical expedient to determine the lease term, but rather included the lease term as defined under former leasing guidance to capitalize the right-of-use asset and lease liability upon adoption. The Company identified new, and updated existing, internal controls and processes to ensure compliance with the new standard, but such modifications were not deemed to be material to our overall system of internal controls. Adoption of the new standard for leasing transactions in which the Company is the lessee had a material impact on our consolidated balance sheet but did not have an impact on our consolidated statement of operations or cash flows. The most significant impact was the recognition of right-of-use assets and lease liabilities for operating leases, while the accounting for financing leases remained substantially unchanged. We recognized a cumulative-effect adjustment to retained earnings as of February 1, 2019 of $5.5 million primarily resulting from impairment of operating lease right-of-use assets present on the date of adoption, net of the deferred tax impact. The adoption of the new standard for leasing transactions in which the Company is the lessor did not impact our consolidated balance sheet, statement of operations or cash flows. The Company has included the additional disclosures required under ASC 842 in Note 16. Adoption of ASC 842 impacted our consolidated balance sheet as of February 1, 2019 as follows: As Previously Adoption Impact As Reported of ASC 842 Adjusted (in thousands) Increase/(Decrease) Assets Operating lease assets $ — $ 100,469 (a) $ 100,469 Liabilities and Stockholders' Equity Current maturities of long-term debt 3,340 (1,273 ) (b) 2,067 Current operating lease liabilities — 12,266 (c) 12,266 Accrued expenses and other 35,091 972 (d) 36,063 Long-term debt, less current maturities 25,812 (5,136 ) (b) 20,676 Operating lease liabilities — 98,250 (c) 98,250 Deferred income taxes 4,955 (374 ) (e) 4,581 Other long-term liabilities 5,908 1,228 (f) 7,136 Retained earnings 89,228 (5,464 ) (g) 83,764 (a) Capitalization of operating lease assets, net of straight-line rent accrued liabilities, cease-use liabilities, and right-of-use asset impairment present on the date of adoption. (b) As described above under Reclassifications , concurrent with the adoption of ASC 842, the Company elected to reclassify current maturities of finance lease liabilities from Current maturities of long-term debt to Accrued expenses and other and the long-term portion of finance lease liabilities from Long-term debt, less current maturities to Other long-term liabilities in the accompanying consolidated balance sheet as of January 31, 2019 to maintain consistency and comparability between periods presented. (c) Recognition of operating lease liabilities. (d) As described in (b) above, includes the reclassification of current maturities of finance lease liabilities, net of the reclassification of the current portion of cease-use liabilities to Operating lease assets as part of the adoption of ASC 842. (e) Deferred tax impact of adoption, primarily resulting from operating lease right-of-use asset impairment recognized upon adoption, net of the valuation allowance recognized for such deferred tax assets. (f) As described in (b) above, includes the reclassification of finance lease liabilities, net of the ASC 842 adoption impact of reclassifying straight-line rent accrued liabilities and cease-use liabilities, and the cumulative-effect adjustment recognized in retained earnings for gains deferred on previous sale-leaseback transactions. (g) Cumulative-effect adjustment of $6.6 million for operating lease right-of-use asset impairment present on the date of adoption net of the adjustment for deferred gains on previous sale-leaseback transactions of $0.7 million and the deferred tax impact of these adjustments, net of the valuation allowance recognized on such deferred tax assets. Accounting guidance not yet adopted In June 2016, the FASB issued a new standard, codified in ASC 326, that modifies how entities measure credit losses on most financial instruments. The new standard replaces the current "incurred loss" model with an "expected credit loss" model that requires consideration of a broader range of information to estimate expected credit losses over the lifetime of the asset. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and will be applied using a modified retrospective approach through a cumulative-effect adjustment to retained earnings as of the effective date to align our credit loss methodology with the new standard. We adopted this standard on February 1, 2020. While we are currently finalizing our evaluation of the impact to our consolidated financial statements of adopting this guidance, we do not anticipate that the guidance will materially impact our consolidated financial statements. In February 2018, the FASB issued guidance on the accounting for implementation costs incurred in a cloud computing arrangement that is a service contract, codified in ASC 350-40. This guidance aligns the accounting for costs incurred to implement a cloud computing arrangement that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and may be applied using either a retrospective or prospective transition approach. We adopted this standard on February 1, 2020 and anticipate applying the prospective transition approach. While we are currently finalizing our evaluation of the impact of adopting this guidance, we anticipate that it will prospectively impact our consolidated financial statements as we expect to incur approximately $2.8 million of costs in fiscal 2021 related to our ERP conversion which will be capitalized, but would have been expensed as incurred under previous accounting guidance.

BUSINESS ACTIVITY AND SIGNIFI_3

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Summary of estimated useful life of property and equipment	epreciation 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, 2020 January 31, 2019 (in thousands) Rental fleet equipment $ 104,133 $ 111,164 Machinery and equipment 22,682 21,646 Vehicles 51,850 42,330 Furniture and fixtures 41,720 40,645 Land, buildings, and leasehold improvements 70,408 63,091 290,793 278,876 Less accumulated depreciation (145,231 ) (139,926 ) $ 145,562 $ 138,950
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Adoption of ASC 842 impacted our consolidated balance sheet as of February 1, 2019 as follows: As Previously Adoption Impact As Reported of ASC 842 Adjusted (in thousands) Increase/(Decrease) Assets Operating lease assets $ — $ 100,469 (a) $ 100,469 Liabilities and Stockholders' Equity Current maturities of long-term debt 3,340 (1,273 ) (b) 2,067 Current operating lease liabilities — 12,266 (c) 12,266 Accrued expenses and other 35,091 972 (d) 36,063 Long-term debt, less current maturities 25,812 (5,136 ) (b) 20,676 Operating lease liabilities — 98,250 (c) 98,250 Deferred income taxes 4,955 (374 ) (e) 4,581 Other long-term liabilities 5,908 1,228 (f) 7,136 Retained earnings 89,228 (5,464 ) (g) 83,764

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the calculation of basic and diluted EPS: Year Ended January 31, 2020 2019 2018 (in thousands, except per share data) Numerator Net income (loss) $ 13,953 $ 12,182 $ (7,049 ) Allocation to participating securities (221 ) (202 ) 141 Net income (loss) attributable to Titan Machinery Inc. common stockholders $ 13,732 $ 11,980 $ (6,908 ) Denominator Basic weighted-average common shares outstanding 21,946 21,809 21,543 Plus: incremental shares from assumed vesting of restricted stock units 7 7 — Diluted weighted-average common shares outstanding 21,953 21,816 21,543 Earnings (Loss) per Share: Basic $ 0.63 $ 0.55 $ (0.32 ) Diluted $ 0.63 $ 0.55 $ (0.32 ) Anti-dilutive shares excluded from diluted weighted-average common shares outstanding: Stock options and restricted stock units — — 95 Shares underlying senior convertible notes (conversion price of $43.17) — 1,057 1,521

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Jan. 31, 2020
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	REVENUE The following tables present our revenue disaggregated by revenue source and segment for the years ended January 31, 2020 and 2019: Year Ended January 31, 2020 Agriculture Construction International Total (in thousands) Equipment $ 535,792 $ 194,675 $ 186,735 $ 917,202 Parts 141,093 52,160 40,964 234,217 Service 66,158 26,189 6,818 99,165 Other 2,989 2,895 264 6,148 Revenue from contracts with customers 746,032 275,919 234,781 1,256,732 Rental 3,010 44,115 1,314 48,439 Total revenues $ 749,042 $ 320,034 $ 236,095 $ 1,305,171 Year Ended January 31, 2019 Agriculture Construction International Total (in thousands) Equipment $ 535,034 $ 185,163 $ 188,981 $ 909,178 Parts 127,741 47,404 35,651 210,796 Service 58,823 23,267 4,750 86,840 Other 2,690 3,896 179 6,765 Revenue from contracts with customers 724,288 259,730 229,561 1,213,579 Rental 2,505 42,259 3,162 47,926 Total revenues $ 726,793 $ 301,989 $ 232,723 $ 1,261,505

RECEIVABLES (Tables)

RECEIVABLES (Tables)	12 Months Ended
	Jan. 31, 2020
Receivables [Abstract]
Schedule of receivables	January 31, 2020 January 31, 2019 (in thousands) Trade and unbilled receivables from contracts with customers Trade receivables due from customers $ 36,400 $ 38,827 Trade receivables due from finance companies 12,352 10,265 Unbilled receivables 13,944 11,222 Trade and unbilled receivables from rental contracts Trade receivables 7,381 6,386 Unbilled receivables 861 828 Other receivables Due from manufacturers 5,763 12,950 Other 1,198 550 Total receivables 77,899 81,028 Less allowance for doubtful accounts (5,123 ) (3,528 ) Receivables, net of allowance for doubtful accounts $ 72,776 $ 77,500
Impaired Financing Receivables [Table Text Block]	The following table presents impairment losses on receivables arising from sales contracts with customers and receivables arising from rental contracts: Year Ended January 31, 2020 Year Ended January 31, 2019 (in thousands) Impairment losses on: Receivables from sales contracts $ 1,373 $ 492 Receivables from rental contracts 1,124 343 $ 2,497 $ 835

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Jan. 31, 2020
Inventory Disclosure [Abstract]
Schedule of inventory	January 31, 2020 January 31, 2019 (in thousands) New equipment $ 358,339 $ 258,081 Used equipment 157,535 158,951 Parts and attachments 79,813 72,760 Work in process 1,707 1,299 $ 597,394 $ 491,091

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Jan. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	epreciation 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, 2020 January 31, 2019 (in thousands) Rental fleet equipment $ 104,133 $ 111,164 Machinery and equipment 22,682 21,646 Vehicles 51,850 42,330 Furniture and fixtures 41,720 40,645 Land, buildings, and leasehold improvements 70,408 63,091 290,793 278,876 Less accumulated depreciation (145,231 ) (139,926 ) $ 145,562 $ 138,950

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	12 Months Ended
	Jan. 31, 2020
Intangible Assets
Schedule of Goodwill [Table Text Block]	Changes in the carrying amount of goodwill during the years ended January 31, 2020 , 2019 and 2018 are as follows: Agriculture Construction International Total (in thousands) Balance, January 31, 2018 $ 250 $ — $ — $ 250 Arising from business combinations — — 924 924 Foreign currency translation — — (13 ) (13 ) Balance, January 31, 2019 250 — 911 1,161 Arising from business combinations 699 — 499 1,198 Foreign currency translation — — (32 ) (33 ) Balance, January 31, 2020 $ 949 $ — $ 1,378 $ 2,327
Summary of intangible assets with finite lives	The following is a summary of definite-lived intangible assets as of January 31, 2020 and 2019 : January 31, 2020 January 31, 2019 Cost Accumulated Amortization Net Cost Accumulated Amortization Net (in thousands) (in thousands) Covenants not to compete $ 100 $ (7 ) $ 93 $ 200 $ (138 ) $ 62 Customer relationships 345 (83 ) 262 112 (19 ) 93 $ 445 $ (90 ) $ 355 $ 312 $ (157 ) $ 155
Schedule of expected future amortization expense	of January 31, 2020 , future amortization expense is expected to be as follows: Fiscal years ending January 31, Amount (in thousands) 2021 $ 110 2022 91 2023 58 2024 58 2025 38 Thereafter — $ 355
Schedule of Indefinite-Lived Intangible Assets	The Company's indefinite-lived intangible assets consist of distribution rights assets. The following is a summary of distribution rights assets by segment as of January 31, 2020 and 2019 : January 31, 2020 2019 (in thousands) Segment Agriculture $ 6,070 $ 5,050 Construction 72 237 International 1,870 1,805 $ 8,012 $ 7,092

FLOORPLAN PAYABLE_LINES OF CR_2

FLOORPLAN PAYABLE/LINES OF CREDIT Floorplan Payables and Lines of Credit (Tables)	12 Months Ended
	Jan. 31, 2020
Line of Credit Facility [Line Items]
Schedule of Line of Credit Facilities [Table Text Block]	As of January 31, 2020 and 2019 , the Company’s outstanding balance of floorplan payables and lines of credit consisted of the following: January 31, 2020 January 31, 2019 (in thousands) CNH Industrial $ 187,690 $ 120,319 Wells Fargo Floorplan Payable Line 82,700 49,100 DLL Finance 30,657 13,432 Other outstanding balances with manufacturers and non-manufacturers 70,725 90,905 $ 371,772 $ 273,756

DEFERRED REVENUE (Tables)

DEFERRED REVENUE (Tables)	12 Months Ended
	Jan. 31, 2020
Deferred Revenue [Abstract]
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	DEFERRED REVENUE January 31, 2020 January 31, 2019 (in thousands) Deferred revenue from contracts with customers $ 39,512 $ 44,893 Deferred revenue from rental and other contracts 1,456 1,516 $ 40,968 $ 46,409

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	12 Months Ended
	Jan. 31, 2020
Payables and Accruals [Abstract]
Schedule of accrued expenses	January 31, 2020 January 31, 2019 (in thousands) Compensation $ 19,732 $ 19,661 Sales, payroll, real estate and value added taxes 5,947 4,698 Insurance 3,336 2,083 Lease residual value guarantees 2,054 2,089 Finance lease liabilities 1,708 — Interest 608 905 Income taxes payable 49 1,574 Other 4,975 4,081 $ 38,409 $ 35,091

SENIOR CONVERTIBLE NOTES (Table

SENIOR CONVERTIBLE NOTES (Tables) - Senior Convertible Notes	12 Months Ended
	Jan. 31, 2020
SENIOR CONVERTIBLE NOTES
Schedule of convertible notes	As of January 31, 2019 , the Senior Convertible Notes consisted of the following: January 31, 2019 Principal value $ 45,644 Unamortized debt discount (350 ) Unamortized debt issuance costs (45 ) Carrying value of senior convertible notes $ 45,249 Carrying value of equity component, net of deferred taxes $ 14,923 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: Year Ended January 31, 2020 2019 2018 (in thousands) Cash Interest Expense Coupon interest expense $ 421 $ 2,014 $ 2,782 Noncash Interest Expense Amortization of debt discount 350 1,626 2,104 Amortization of transaction costs 45 216 290 $ 816 $ 3,856 $ 5,176

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables) - Long-Term Debt (excluding senior convertible notes)	12 Months Ended
	Jan. 31, 2020
LONG-TERM DEBT
Summary of long-term debt	The following is a summary of long-term debt as of January 31, 2020 and 2019 : January 31, 2020 January 31, 2019 (in thousands) Sale-leaseback financing obligations, interest rates ranging from 3.4% to 10.3% with various maturity dates through December 2030 $ 17,781 $ 19,010 Wells Fargo Credit Agreement - Working Capital Line, interest accrues at a variable rate, ranging from 3.9% to 4.7%, on outstanding balances, requires monthly payments of accrued interest, matures on October 28, 2020 10,000 — Real estate mortgage bearing interest at 5.11%, payable in annual installments of $0.3 million, maturing on May 15, 2039, secured by real estate assets 6,827 — Real estate mortgage bearing interest at 4.62%, payment in monthly installments of $0.04 million with a final payment at maturity of $3.4 million, maturing on June 10, 2024, secured by real estate assets 4,416 — Real estate mortgage bearing interest at 4.40%, payment in monthly installments of $0.01 million with a final payment at maturity of $1.0 million, maturing on January 1, 2027, secured by real estate assets 1,489 — Equipment financing loan, payable in monthly installments over a 72-month term for each funded tranche, bearing interest at 3.89%, secured by vehicle assets 7,468 — Real estate mortgage bearing interest at 2.09%, payable in monthly installments, maturing on June 30, 2026, secured by real estate assets 2,520 2,978 Other long-term debt primarily bearing interest at three-month EURIBOR plus 2.6%, payable in quarterly installments, maturing on January 31, 2021 1,067 755 51,568 22,743 Less current maturities (13,779 ) (2,067 ) $ 37,789 $ 20,676
Schedule of long-term debt maturities	Long-term debt maturities are as follows: Years Ending January 31, Amounts (in thousands) 2021 $ 13,779 2022 3,695 2023 3,781 2024 3,946 2025 7,398 Thereafter 18,969 $ 51,568

STORE CLOSINGS AND REALIGNMEN_2

STORE CLOSINGS AND REALIGNMENT COST (Tables)	12 Months Ended
	Jan. 31, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Costs by Type of Cost	Year Ended January 31, Cumulative Amount 2019 2018 (in thousands) Lease accrual and termination costs $ 6,095 $ 414 $ 5,681 Termination benefits 5,053 — 5,053 Impairment of fixed assets, net of gains on asset disposition 2,206 — (751 ) Asset relocation and other costs 516 — 516 $ 13,870 $ 414 $ 10,499 Restructuring charges (credits) are summarized by segment in the following table: Year Ended January 31, 2019 2018 (in thousands) Segment Agriculture $ 441 $ 6,886 Construction (27 ) 2,093 International — 62 Shared Resources — 1,458 Total $ 414 $ 10,499
Restructuring Reserve Rollforward	A reconciliation of the beginning and ending exit cost liability balance associated with our Fiscal 2018 Restructuring Plan is as follows: Lease Accrual & Termination Costs Termination Benefits Total (in thousands) Balance, January 31, 2018 $ 5,393 $ 404 $ 5,797 Exit costs incurred and charged to expense 414 — 414 Exit costs paid (3,428 ) (404 ) (3,832 ) Balance, January 31, 2019 2,379 — 2,379 Reclassified as a reduction of right-of-use lease assets upon adopting ASC 842, Leases (2,379 ) — (2,379 ) Balance, January 31, 2020 $ — — $ — As of January 31, 2019 , $2.2 million of the exit cost liability was included in other long-term liabilities and $0.2 million was included in accrued expenses and other in the consolidated balance sheets. During the year ended January 31, 2019 , the Company paid $3.0 million to terminate the real estate lease agreement for one of the Company's previously closed stores. The termination payment approximated the recorded lease accrual liability and therefore the impact to the consolidated statement of operations was not material.

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	12 Months Ended
	Jan. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair value of derivative instruments outstanding	he fair value of the Company's outstanding derivative instruments was not material. Derivative instruments recognized as assets are recorded in prepaid expenses and other in the consolidated balance sheets, and derivative instruments recognized as liabilities are recorded in accrued expenses and other in the consolidated balance sheets.
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 years ended January 31, 2020 , 2019 and 2018 . All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income. Year Ended January 31, 2020 2019 2018 OCI Income OCI Income OCI Income (in thousands) (in thousands) (in thousands) Derivatives Designated as Hedging Instruments: Cash flow hedges: Interest rate swap (a) $ — $ — $ — $ — $ 48 $ (1,091 ) Derivatives Not Designated as Hedging Instruments: Foreign currency contracts (b) — 365 — 1,696 — (1,510 ) Total Derivatives $ — $ 365 $ — $ 1,696 $ 48 $ (2,601 )

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense were as follows: Classification Twelve Months Ended January 31, 2020 (in thousands) Finance lease cost: Amortization of leased assets Operating expenses $ 1,457 Interest on lease liabilities Other interest expense 554 Operating lease cost Operating expenses & rental and other cost of revenue 21,225 Short-term lease cost Operating expenses 242 Variable lease cost Operating expenses 2,665 Sublease income Interest income and other income (expense) (620 ) $ 25,523
Summary of Lease Assets and Liabilities [Table Text Block]	Right-of-use lease assets and lease liabilities consist of the following: Classification January 31, 2020 (in thousands) Assets Operating lease assets Operating lease assets $ 88,281 Financing lease assets (a) Property and equipment, net of accumulated depreciation 6,297 Total leases assets $ 94,578 Liabilities Current Operating Current operating lease liabilities $ 12,259 Financing Accrued expenses and other 1,708 Noncurrent Operating Operating lease liabilities 88,387 Financing Other long-term liabilities 4,103 Total lease liabilities $ 106,457
Summary of Lease Maturities [Table Text Block]	Maturities of lease liabilities as of January 31, 2020 are as follows: Operating Finance Leases Leases Total Fiscal Year Ending January 31, (in thousands) 2021 $ 18,714 $ 2,157 $ 20,871 2022 16,841 1,838 18,679 2023 15,737 1,188 16,925 2024 14,830 448 15,278 2025 13,700 387 14,087 2026 14,013 309 14,322 Thereafter 33,163 1,083 34,246 Total lease payments 126,998 7,410 134,408 Less: Interest 26,352 1,599 27,951 Present value of lease liabilities $ 100,646 $ 5,811 $ 106,457
Weighted-Average Lease Term and Discount Rate [Table Text Block]	The weighted-average lease term and discount rate as of January 31, 2020 are as follows: Weighted-average remaining lease term (years): Operating leases 7.9 Financing leases 5.4 Weighted-average discount rate: Operating leases 6.1% Financing leases 8.5%
Rental Fleet Assets [Table Text Block]	Revenue generated from leasing activities is disclosed, by segment, in Note 3. The following is the balance of our dedicated rental fleet assets of our Construction segment as of January 31, 2020 and 2019 , respectively: January 31, 2020 January 31, 2019 (in thousands) (in thousands) Rental fleet equipment $ 104,133 $ 111,164 Less accumulated depreciation 42,076 50,399 $ 62,057 $ 60,765
Cash Flow Related to Leases [Table Text Block]	Other lease information is as follows: Twelve Months Ended January 31, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 18,176 Operating cash flow from finance leases 553 Financing cash flows from finance leases 1,812 Operating lease assets obtained in exchange for new operating lease liabilities 1,316 Finance lease assets obtained in exchange for new finance lease liabilities 1,333
Schedule of minimum future lease payments

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jan. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax	The components of income (loss) before income taxes for the years ended January 31, 2020 , 2019 and 2018 consist of the following: 2020 2019 2018 (in thousands) U.S. $ 14,148 $ 10,994 $ (16,644 ) Foreign 504 5,160 2,205 Total $ 14,652 $ 16,154 $ (14,439 )
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, 2020 , 2019 and 2018 consists of the following: 2020 2019 2018 (in thousands) Current Federal $ 897 $ (110 ) $ 130 State 116 (189 ) 50 Foreign 1,349 1,760 1,350 Total current taxes 2,362 1,461 1,530 Deferred Federal (375 ) 2,071 (6,247 ) State (1,929 ) (45 ) 270 Foreign 641 485 (2,943 ) Total deferred taxes (1,663 ) 2,511 (8,920 ) $ 699 $ 3,972 $ (7,390 )
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: 2020 2019 2018 U.S. statutory rate 21.0 % 21.0 % (33.8 )% Foreign statutory rates 1.0 % 0.6 % 1.4 % State taxes on income net of federal tax benefit 5.8 % 5.6 % (4.3 )% Valuation allowances (36.6 )% (5.2 )% (4.4 )% Impact of Ukraine currency gains or losses 10.5 % 2.0 % 1.0 % U.S. statutory rate reduction — % — % (13.9 )% All other, net 3.1 % 0.6 % 2.8 % 4.8 % 24.6 % (51.2 )%
Schedule of net deferred tax assets and liabilities	eferred tax assets and liabilities consist of the following as of January 31, 2020 and 2019 : 2020 2019 (in thousands) Deferred tax assets: Inventory allowances $ 3,037 $ 3,598 Intangible assets 2,192 2,670 Net operating losses 4,291 6,266 Accrued liabilities and other 3,533 4,120 Receivables 1,137 740 Stock-based compensation 1,095 1,103 Right of use lease liability 25,325 — Other 452 806 Total deferred tax assets 41,062 19,303 Valuation allowances (2,180 ) (6,727 ) Deferred tax assets, net of valuation allowances $ 38,882 $ 12,576 Deferred tax liabilities: Property and equipment $ (16,752 ) $ (14,433 ) Right of use lease asset (22,038 ) — Senior convertible notes — (88 ) Total deferred tax liabilities $ (38,790 ) $ (14,521 ) Net deferred tax asset (liability) $ 92 $ (1,945 )

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Jan. 31, 2020
Share-based Payment Arrangement [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	The following table summarizes activity for long-term cash incentive awards for the year ended January 31, 2020: Shares Weighted Average Grant Date Fair Value (in thousands) Nonvested at January 31, 2019 24 $ 16.22 Granted 17 16.63 Forfeited (3 ) 16.07 Vested (11 ) 16.65 Nonvested at January 31, 2020 27 $ 16.48
Schedule of restricted stock award activity	The following table summarizes RSA activity for the year ended January 31, 2020 : Shares Weighted Average Grant Date Fair Value (in thousands) Nonvested at January 31, 2019 380 $ 15.88 Granted 174 16.48 Forfeited (26 ) 15.89 Vested (167 ) 16.12 Nonvested at January 31, 2020 361 16.14
Summary of restricted stock unit activity	The following table summarizes RSU activity for the year ended January 31, 2020 : Shares Weighted Average Grant Date Fair Value (in thousands) Nonvested at January 31, 2019 5 $ 14.19 Granted 11 17.79 Vested (2 ) 13.53 Nonvested at January 31, 2020 14 $ 17.06

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Jan. 31, 2020
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following is a summary of the changes in accumulated other comprehensive income (loss), by component, for the fiscal years ended January 31, 2020 , 2019 and 2018 : Foreign Currency Translation Adjustment Net Investment Hedging Instruments, Unrealized Gain Cash Flow Hedging Instruments, Unrealized Gain (Loss) Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, January 31, 2017 $ (6,810 ) $ 2,711 $ (684 ) $ (4,783 ) Other comprehensive income (loss) before reclassifications 2,399 — 48 2,447 Amounts reclassified from accumulated other comprehensive income (loss) — — 1,091 1,091 Total other comprehensive income (loss), before tax 2,399 — 1,139 3,538 Tax effect — — (455 ) (455 ) Total other comprehensive income (loss), net of tax 2,399 — 684 3,083 Balance, January 31, 2018 (4,411 ) 2,711 — (1,700 ) Total other comprehensive loss (640 ) — — (640 ) Balance, January 31, 2019 (5,051 ) 2,711 — (2,340 ) Total other comprehensive loss (880 ) — — (880 ) Balance, January 31, 2020 $ (5,931 ) $ 2,711 $ — $ (3,220 ) Income taxes are not provided for foreign currency translation adjustments arising from permanent investments in international subsidiaries. Reclassifications are made to avoid double counting in comprehensive income (loss) items that are also recorded as part of net income (loss). Reclassification amounts from cash flow hedging instruments for the year ended January 31, 2018 are recorded in floorplan interest expense in the consolidated statements of operations. The tax effect of these reclassifications, recognized as a tax benefit in the amount of $0.4 million for the year ended January 31, 2018, are recorded in provision for (benefit from) income taxes in the consolidated statements of operations.

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	12 Months Ended
	Jan. 31, 2020
Business Acquisition [Line Items]
Schedule of allocations of purchase prices in business combinations	The following table presents the aggregate purchase price allocations for all acquisitions completed during the fiscal years ended January 31, 2020 and 2019: Year Ended January 31, 2020 2019 (in thousands) Assets acquired: Cash $ — $ 3,857 Receivables 440 5,340 Inventories 6,466 21,725 Prepaid expenses and other — 887 Property and equipment 3,810 3,512 Intangible assets 1,973 1,944 Goodwill 1,198 924 Other — 61 13,887 38,250 Liabilities Assumed: Accounts payable — 1,553 Floorplan payable — 13,820 Deferred revenue — 85 Accrued expenses and other — 1,279 Long-term debt — 1,725 Deferred income taxes — 632 — 19,094 Net assets acquired $ 13,887 $ 19,156 Goodwill recognized by segment: Agriculture $ 699 $ — Construction — — International 499 924 Goodwill expected to be deductible for tax purposes 1,198 —

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS Tables (Tables)	12 Months Ended
	Jan. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	As of January 31, 2020 and 2019 , the fair value of the Company's foreign currency contracts, which are either assets or liabilities measured at fair value on a recurring basis, was not material. These foreign currency contracts were valued using a discounted cash flow analysis, an income approach, utilizing readily observable market data as inputs, which is classified as a Level 2 fair value measurement.
Fair Value of Senior Convertible Notes	The following table provides details on the Senior Convertible Notes as of January 31, 2019 . During fiscal 2020, the Company paid off the remaining Senior Convertible Notes. 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 11). Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs. January 31, 2019 Estimated Fair Value Carrying Value Face Value (in thousands) Senior convertible notes $ 45,644 $ 45,249 $ 45,644

SEGMENT INFORMATION AND OPERA_2

SEGMENT INFORMATION AND OPERATING RESULTS (Tables)	12 Months Ended
	Jan. 31, 2020
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, 2020 2019 2018 (in thousands) Revenue Agriculture $ 749,042 $ 726,793 $ 689,854 Construction 320,034 301,989 293,860 International 236,095 232,723 208,892 Total $ 1,305,171 $ 1,261,505 $ 1,192,606 Income (Loss) Before Income Taxes Agriculture $ 18,036 $ 16,799 $ (3,678 ) Construction (2,290 ) (4,400 ) (7,278 ) International 504 5,160 2,205 Segment income (loss) before income taxes 16,250 17,559 (8,751 ) Shared Resources (1,598 ) (1,405 ) (5,688 ) Total $ 14,652 $ 16,154 $ (14,439 ) Total Impairment Agriculture $ 2,807 $ 886 $ 175 Construction 957 1,114 498 International — 156 — Total $ 3,764 $ 2,156 $ 673 Restructuring Costs Agriculture $ — $ 441 $ 6,886 Construction — (27 ) 2,093 International — — 62 Segment impairment — 414 9,041 Shared Resources — — 1,458 Total $ — $ 414 $ 10,499 Interest Income Agriculture $ 54 $ 84 $ 164 Construction 217 234 314 International 44 81 9 Segment interest income 315 399 487 Shared Resources 16 (73 ) 9 Total $ 331 $ 326 $ 496 Interest Expense Agriculture $ 5,142 $ 4,272 $ 5,781 Construction 7,221 6,308 7,750 International 3,504 3,313 2,510 Segment interest expense 15,867 13,893 16,041 Shared Resources (6,061 ) (19 ) 958 Total $ 9,806 $ 13,874 $ 16,999 Year Ended January 31, 2020 2019 2018 (in thousands) Depreciation and Amortization Agriculture $ 5,095 $ 4,997 $ 5,411 Construction 12,537 13,652 14,297 International 2,402 1,804 1,366 Segment depreciation and amortization 20,034 20,453 21,074 Shared Resources 8,033 3,152 4,031 Total $ 28,067 $ 23,605 $ 25,105 Capital Expenditures Agriculture $ 4,699 $ 2,473 $ 2,950 Construction 15,713 7,012 20,080 International 1,768 1,944 1,332 Segment capital expenditures 22,180 11,429 24,362 Shared Resources 2,836 522 1,753 Total $ 25,016 $ 11,951 $ 26,115 January 31, 2020 January 31, 2019 Total Assets (in thousands) Agriculture $ 444,942 $ 316,224 Construction 275,645 227,261 International 191,513 170,187 Segment assets 912,100 713,672 Shared Resources 63,243 78,766 Total $ 975,343 $ 792,438

SELECTED QUARTERLY FINANCIAL _2

SELECTED QUARTERLY FINANCIAL DATA (Unaudited) (Tables)	12 Months Ended
	Jan. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	The following reflects selected quarterly financial information for fiscal years 2020 and 2019 . 2020 2019 First quarter Second quarter Third quarter Fourth quarter First quarter Second quarter Third quarter Fourth quarter (in thousands, except per share data) Revenue $ 278,292 $ 314,981 $ 360,936 $ 350,964 $ 243,714 $ 297,231 $ 360,913 $ 359,647 Gross Profit 53,900 64,027 71,774 61,118 47,558 58,901 69,542 55,585 Net Income (Loss) (445 ) 5,511 8,214 673 (1,588 ) 5,180 10,776 (2,160 ) Earnings (Loss) per Share-Basic (0.02 ) 0.25 0.37 0.03 (0.07 ) 0.23 0.49 (0.10 ) Earnings (Loss) per Share-Diluted (0.02 ) 0.25 0.37 0.03 (0.07 ) 0.23 0.48 (0.10 )

BUSINESS ACTIVITY AND SIGNIFI_4

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Receivables and Credit Policy
Period from the invoice date within which trade accounts receivable due from customers	90 days
Property and Equipment
Impairment of Long-Lived Assets Held-for-use		$ 2.2	$ 0.7
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 Equipment [Member] | Minimum
Property and Equipment
Estimated useful life	3 years
Rental Fleet Equipment [Member] | Maximum
Property and Equipment
Estimated useful life	10 years
Stores Remaining Open [Member]
Property and Equipment
Impairment of Long-Lived Assets Held-for-use	$ 3.1
Agriculture [Member]
Property and Equipment
Impairment of Long-Lived Assets Held-for-use		0.9	0.2
Agriculture [Member] | Stores Remaining Open [Member]
Property and Equipment
Impairment of Long-Lived Assets Held-for-use	2.3
Construction [Member]
Property and Equipment
Impairment of Long-Lived Assets Held-for-use		1.1	$ 0.5
Construction [Member] | Stores Remaining Open [Member]
Property and Equipment
Impairment of Long-Lived Assets Held-for-use	$ 0.8
International [Member]
Property and Equipment
Impairment of Long-Lived Assets Held-for-use		$ 0.2

BUSINESS ACTIVITY AND SIGNIFI_5

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Intangible Assets
Impairment of Long-Lived Assets Held-for-use		$ 2.2	$ 0.7
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
Agriculture [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use		0.9	0.2
Construction [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use		1.1	$ 0.5
International [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use		$ 0.2
Stores Remaining Open [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use	$ 3.1
Stores Remaining Open [Member] | Agriculture [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use	2.3
Stores Remaining Open [Member] | Construction [Member]
Intangible Assets
Impairment of Long-Lived Assets Held-for-use	$ 0.8

BUSINESS ACTIVITY AND SIGNIFI_6

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment of Long-Lived Assets Held-for-use		$ 2.2	$ 0.7
Agriculture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment of Long-Lived Assets Held-for-use		0.9	0.2
Construction [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment of Long-Lived Assets Held-for-use		1.1	$ 0.5
International [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment of Long-Lived Assets Held-for-use		$ 0.2
Failed Step 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Carrying Value of Long-Lived Assets Analyzed for Impairment	$ 9.4
Stores Remaining Open
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment of Long-Lived Assets Held-for-use	3.1
Stores Remaining Open | Agriculture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment of Long-Lived Assets Held-for-use	2.3
Stores Remaining Open | Construction [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment of Long-Lived Assets Held-for-use	$ 0.8

BUSINESS ACTIVITY AND SIGNIFI_7

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 4) - $ / shares shares in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from diluted weighted-average common shares outstanding:	0	0	95
Convertible Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from diluted weighted-average common shares outstanding:	0	1,057,000	1,521,000
Conversion price (per share of common stock)	$ 43.17

BUSINESS ACTIVITY AND SIGNIFI_8

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 5) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Lessor Accounting
Property and equipment, net	$ 290,793	$ 278,876
Accumulated depreciation	$ 145,231	$ 139,926

BUSINESS ACTIVITY AND SIGNIFI_9

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 6) $ in Millions	12 Months Ended
	Jan. 31, 2020USD ($)segment	Jan. 31, 2019USD ($)	Jan. 31, 2018USD ($)
Advertising Costs
Advertising Expense | $	$ 2.2	$ 2.1	$ 2.2
Segment Reporting
Number of Reportable Segments | segment	3

BUSINESS ACTIVITY AND SIGNIF_10

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 7) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Comprehensive Income and Foreign Currency Matters
Net foreign currency transaction gain (loss)	$ (0.4)	$ 0.9	$ (1.2)

BUSINESS ACTIVITY AND SIGNIF_11

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details 8) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Feb. 01, 2019	Jan. 31, 2019	Feb. 01, 2017
New Accounting Pronouncements or Change in Accounting Principle
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 5,500
Operating Lease, Right-of-Use Asset	88,281	$ 100,469
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets				$ 2,087
Operating Lease, Liability	101	98,250
Notes and Loans Payable, Current	13,779	2,067	$ 2,067
Operating Lease, Liability, Current	12,259	12,266
Accrued Liabilities, Current	38,409	36,063	35,091
Notes and Loans, Noncurrent	37,789	20,676	20,676
Deferred Tax Liabilities, Net, Noncurrent	2,055	4,581	4,955
Other Liabilities, Noncurrent	7,845	7,136	11,044
Retained Earnings (Accumulated Deficit)	97,717	83,764	89,228
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	2,800
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle
Other Accrued Liabilities	1,300
Other Long-term Debt	5,100
Adjustments for New Accounting Pronouncement
New Accounting Pronouncements or Change in Accounting Principle
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	(5,464)			835
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets				$ (1,252)
Retained Earnings [Member] | Adjustments for New Accounting Pronouncement
New Accounting Pronouncements or Change in Accounting Principle
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	$ (5,464)
Restatement Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle
Operating Lease, Right-of-Use Asset		100,469
Operating Lease, Liability		98,250
Notes and Loans Payable, Current		(1,273)
Operating Lease, Liability, Current		12,266
Accrued Liabilities, Current		972
Notes and Loans, Noncurrent		(5,136)
Deferred Tax Liabilities, Net, Noncurrent		(374)
Other Liabilities, Noncurrent		1,228
Retained Earnings (Accumulated Deficit)		$ (5,464)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle
Notes and Loans Payable, Current			3,340
Accrued Liabilities, Current			35,091
Notes and Loans, Noncurrent			25,812
Deferred Tax Liabilities, Net, Noncurrent			4,955
Other Liabilities, Noncurrent			5,908
Retained Earnings (Accumulated Deficit)			$ 89,228

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest									$ 13,953	$ 12,182	$ (7,049)
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic									221	202	(141)
Net Income (Loss) Available to Common Stockholders, Basic									$ 13,732	$ 11,980	$ (6,908)
Weighted Average Number of Shares Outstanding, Basic									21,946	21,809	21,543
Weighted Average Number Diluted Shares Outstanding Adjustment									7	7	0
Weighted Average Number of Shares Outstanding, Diluted									21,953	21,816	21,543
Earnings Per Share, Basic	$ 0.03	$ 0.37	$ 0.25	$ (0.02)	$ (0.10)	$ 0.49	$ 0.23	$ (0.07)	$ 0.63	$ 0.55	$ (0.32)
Earnings (Loss) per share - diluted (in dollars per share)	$ 0.03	$ 0.37	$ 0.25	$ (0.02)	$ (0.10)	$ 0.48	$ 0.23	$ (0.07)	$ 0.63	$ 0.55	$ (0.32)
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount									0	1,057,000	1,521,000
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount									0	0	95

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 1,305,171	$ 1,261,505	$ 1,192,606
Short-term Debt, Terms	30 days
International [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 236,095	232,723	208,892
Construction [Member]
Disaggregation of Revenue [Line Items]
Revenues	320,034	301,989	293,860
Agriculture [Member]
Disaggregation of Revenue [Line Items]
Revenues	749,042	726,793	$ 689,854
Consolidated Entities [Domain]
Disaggregation of Revenue [Line Items]
Revenues	1,305,171	1,261,505
Operating Segments [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenues	236,095	232,723
Operating Segments [Member] | Construction [Member]
Disaggregation of Revenue [Line Items]
Revenues	320,034	301,989
Operating Segments [Member] | Agriculture [Member]
Disaggregation of Revenue [Line Items]
Revenues	749,042	726,793
Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	99,165	86,840
Service Revenue [Member] | Operating Segments [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,818	4,750
Service Revenue [Member] | Operating Segments [Member] | Construction [Member]
Disaggregation of Revenue [Line Items]
Revenues	26,189	23,267
Service Revenue [Member] | Operating Segments [Member] | Agriculture [Member]
Disaggregation of Revenue [Line Items]
Revenues	66,158	58,823
Rental Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	48,439	47,926
Rental Revenue [Member] | Operating Segments [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,314	3,162
Rental Revenue [Member] | Operating Segments [Member] | Construction [Member]
Disaggregation of Revenue [Line Items]
Revenues	44,115	42,259
Rental Revenue [Member] | Operating Segments [Member] | Agriculture [Member]
Disaggregation of Revenue [Line Items]
Revenues	3,010	2,505
Equipment Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	917,202	909,178
Equipment Revenue [Member] | Operating Segments [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenues	186,735	188,981
Equipment Revenue [Member] | Operating Segments [Member] | Construction [Member]
Disaggregation of Revenue [Line Items]
Revenues	194,675	185,163
Equipment Revenue [Member] | Operating Segments [Member] | Agriculture [Member]
Disaggregation of Revenue [Line Items]
Revenues	535,792	535,034
Parts Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	234,217	210,796
Parts Revenue [Member] | Operating Segments [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenues	40,964	35,651
Parts Revenue [Member] | Operating Segments [Member] | Construction [Member]
Disaggregation of Revenue [Line Items]
Revenues	52,160	47,404
Parts Revenue [Member] | Operating Segments [Member] | Agriculture [Member]
Disaggregation of Revenue [Line Items]
Revenues	141,093	127,741
Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,148	6,765
Other Revenue [Member] | Operating Segments [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenues	264	179
Other Revenue [Member] | Operating Segments [Member] | Construction [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,895	3,896
Other Revenue [Member] | Operating Segments [Member] | Agriculture [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,989	2,690
Revenue from Contracts with Customers [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,256,732	1,213,579
Revenue from Contracts with Customers [Member] | Operating Segments [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenues	234,781	229,561
Revenue from Contracts with Customers [Member] | Operating Segments [Member] | Construction [Member]
Disaggregation of Revenue [Line Items]
Revenues	275,919	259,730
Revenue from Contracts with Customers [Member] | Operating Segments [Member] | Agriculture [Member]
Disaggregation of Revenue [Line Items]
Revenues	746,032	724,288
Unbilled Revenues [Member]
Disaggregation of Revenue [Line Items]
Unbilled Receivables, Current	$ 13,944	$ 11,222

REVENUE Deferred Revenue (Detai

REVENUE Deferred Revenue (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Deferred Revenue Arrangement [Line Items]
Deferred Revenue	$ 40,968	$ 46,409
Deferred Revenue from Contracts with Customers [Member]
Deferred Revenue Arrangement [Line Items]
Deferred Revenue	39,512	44,893
Deferred Revenue from Operating Leases and Rental Contracts [Member]
Deferred Revenue Arrangement [Line Items]
Deferred Revenue	$ 1,456	$ 1,516

RECEIVABLES (Details)

RECEIVABLES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Receivables
Trade accounts receivable	$ 77,899	$ 81,028
Less allowance for doubtful accounts	(5,123)	(3,528)
Receivables, net	72,776	77,500
Impaired Financing Receivables	2,497	835
impairment losses from Sales Contracts [Member]
Receivables
Trade accounts receivable	1,373	492
Due from customers
Receivables
Trade accounts receivable	36,400	38,827
Due from finance companies
Receivables
Trade accounts receivable	12,352	10,265
Due from manufacturers
Receivables
Trade accounts receivable	5,763	12,950
Unbilled Revenues [Member]
Receivables
Unbilled Receivables, Current	13,944	11,222
Accounts Receivable [Member]
Receivables
Trade accounts receivable	7,381	6,386
Unbilled Receivables from Operating Leases and Rental Contracts [Member]
Receivables
Trade accounts receivable	861	828
impairment losses from Rental Contracts [Member]
Receivables
Trade accounts receivable	1,124	343
Accounts Receivable [Member]
Receivables
Trade accounts receivable	$ 1,198	$ 550

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Inventory Disclosure [Abstract]
New equipment	$ 358,339	$ 258,081
Used equipment	157,535	158,951
Parts and attachments	79,813	72,760
Work in process	1,707	1,299
Inventories	$ 597,394	$ 491,091

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 290,793				$ 278,876				$ 290,793	$ 278,876
Less accumulated depreciation	(145,231)				(139,926)				(145,231)	(139,926)
Property and equipment, net	145,562				138,950				145,562	138,950
Capital Leased Assets, Gross	24,300				25,200				24,300	25,200
Capital Leases, Accumulated Depreciation	(6,900)				(5,800)				(6,900)	(5,800)
Capitalized Computer Software, Net	8,700								8,700
Capitalized Computer Software, Amortization									4,700
Net Income (Loss) Attributable to Parent	673	$ 8,214	$ 5,511	$ (445)	(2,160)	$ 10,776	$ 5,180	$ (1,588)
Depreciation expense									26,500	23,600	$ 25,000
Rental Fleet Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	104,133				111,164				104,133	111,164
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	22,682				21,646				22,682	21,646
Vehicles
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	51,850				42,330				51,850	42,330
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	41,720				40,645				41,720	40,645
Land, buildings, and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 70,408				$ 63,091				70,408	$ 63,091
Operating Income (Loss) [Member]
Property, Plant and Equipment [Line Items]
Net Income (Loss) Attributable to Parent									$ 3,600

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
INTANGIBLE ASSETS
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 0
Cost	445	$ 312
Accumulated Amortization	(90)	(157)
Net	355	155
Amortization expense	100
Covenants not to compete
INTANGIBLE ASSETS
Cost	100	200
Accumulated Amortization	(7)	(138)
Net	93	62
Customer relationships
INTANGIBLE ASSETS
Cost	345	112
Accumulated Amortization	(83)	(19)
Net	$ 262	$ 93

INTANGIBLE ASSETS AND GOODWIL_3

INTANGIBLE ASSETS AND GOODWILL (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Goodwill [Line Items]
Goodwill	$ 2,327	$ 1,161	$ 250
Goodwill, Acquired During Period	1,198	924
Goodwill, Foreign Currency Translation Gain (Loss)	(33)	(13)
Future amortization expense
2021	110
2022	91
2023	58
2024	58
2025	38
Net	355	155
Agricultural Sector [Member]
Goodwill [Line Items]
Goodwill	949	250	250
Goodwill, Acquired During Period	699	0
Goodwill, Foreign Currency Translation Gain (Loss)	0	0
Construction [Member]
Goodwill [Line Items]
Goodwill	0	0	0
Goodwill, Acquired During Period	0	0
Goodwill, Foreign Currency Translation Gain (Loss)	0	0
International [Member]
Goodwill [Line Items]
Goodwill	1,378	911	$ 0
Goodwill, Acquired During Period	499	924
Goodwill, Foreign Currency Translation Gain (Loss)	$ (32)	$ (13)

INTANGIBLE ASSETS AND GOODWIL_4

INTANGIBLE ASSETS AND GOODWILL INDEFINITE LIVED INTANGIBLE (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Apr. 03, 2020
Indefinite-lived Intangible Assets
Line of Credit Facility, Maximum Borrowing Capacity			$ 250,000
Changes in carrying amount of goodwill
Balance at the beginning of the period	$ 1,161	$ 250
Arising in completed business combinations	1,198	924
Foreign currency translation adjustment	(33)	(13)
Balance at the end of the period	2,327	1,161
Construction [Member]
Changes in carrying amount of goodwill
Balance at the beginning of the period	0	0
Arising in completed business combinations	0	0
Foreign currency translation adjustment	0	0
Balance at the end of the period	0	0
International [Member]
Changes in carrying amount of goodwill
Balance at the beginning of the period	911	0
Arising in completed business combinations	499	924
Foreign currency translation adjustment	(32)	(13)
Balance at the end of the period	1,378	911
Distribution Rights [Member]
Changes in carrying amount of goodwill
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	700
Certain Distribution Rights [Member]
Indefinite-lived Intangible Assets
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure	8,012	7,092
Certain Distribution Rights [Member] | Agriculture
Indefinite-lived Intangible Assets
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure	6,070	5,050
Certain Distribution Rights [Member] | Construction [Member]
Indefinite-lived Intangible Assets
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure	72	237
Certain Distribution Rights [Member] | International [Member]
Indefinite-lived Intangible Assets
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure	1,870	1,805
Floorplan Line of Credit [Member]
Indefinite-lived Intangible Assets
Line of Credit Facility, Maximum Borrowing Capacity	717,000
Floorplan Line of Credit [Member] | C N H Capital America L L C [Member]
Indefinite-lived Intangible Assets
Line of Credit Facility, Maximum Borrowing Capacity	$ 450,000	$ 0

FLOORPLAN PAYABLE_LINES OF CR_3

FLOORPLAN PAYABLE/LINES OF CREDIT (Details)	12 Months Ended
	Jan. 31, 2020USD ($)	Apr. 03, 2020USD ($)	Jan. 31, 2019USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 250,000,000
Compensating Balance, Amount	$ 5,000,000
Document Period End Date	Jan. 31, 2020
Amount Available for Dividend Distribution without Affecting Capital Adequacy Requirements	$ 31,195,000
Floorplan Notes Payable	$ 371,772,000	$ 185,000,000	$ 273,756,000
Wells Fargo Bank National Association
Line of Credit Facility [Line Items]
Line of Credit Facility, Covenant Compliance, Fixed Charge Coverage Ratio, Threshold Percentage	15.00%
Wells Fargo Bank National Association | Federal Funds Effective Swap Rate
Line of Credit Facility [Line Items]
Margin over variable rate basis (as a percent)	0.50%
Wells Fargo Bank National Association | One Month LIBOR
Line of Credit Facility [Line Items]
Margin over variable rate basis (as a percent)	1.00%
Wells Fargo Bank National Association | Minimum | Base Rate
Line of Credit Facility [Line Items]
Margin over variable rate basis (as a percent)	0.75%
Wells Fargo Bank National Association | Maximum | Base Rate
Line of Credit Facility [Line Items]
Margin over variable rate basis (as a percent)	1.50%
Wells Fargo Credit Facility [Member]
Line of Credit Facility [Line Items]
Minimum Fixed Charge Coverage Ratio Covenant	1.1
C N H Capital America L L C [Member]
Line of Credit Facility [Line Items]
Minimum Fixed Charge Coverage Ratio Covenant	1.10
Maximum Level of Adjusted Debt to Tangible Net Worth Covenant	4
DLL Finance
Line of Credit Facility [Line Items]
Minimum Fixed Charge Coverage Ratio Covenant	1.10
Maximum Leverage Ratio Covenant	3.50
Non-Interest Bearing Floorplan Line of Credit [Member]
Line of Credit Facility [Line Items]
Floorplan Notes Payable	$ 205,200,000		$ 151,700,000
Line of Credit [Member] | Wells Fargo Bank National Association | Minimum
Line of Credit Facility [Line Items]
Non-usage fee on average monthly unused amount (as a percent)	0.25%
Line of Credit [Member] | Wells Fargo Bank National Association | Minimum | LIBOR
Line of Credit Facility [Line Items]
Margin over variable rate basis (as a percent)	1.75%
Line of Credit [Member] | Wells Fargo Bank National Association | Maximum
Line of Credit Facility [Line Items]
Non-usage fee on average monthly unused amount (as a percent)	0.375%
Line of Credit [Member] | Wells Fargo Bank National Association | Maximum | LIBOR
Line of Credit Facility [Line Items]
Margin over variable rate basis (as a percent)	2.50%

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019	Jan. 31, 2019
Payables and Accruals [Abstract]
Compensation	$ 19,732		$ 19,661
Sales, payroll, real estate and value added taxes	5,947		4,698
Interest	608		905
Insurance	3,336		2,083
Other	4,975		4,081
Total accrued expenses	38,409	$ 36,063	35,091
Taxes Payable	49		1,574
Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Net	2,054		$ 2,089
Finance Lease, Liability	$ 1,708

SENIOR CONVERTIBLE NOTES (Detai

SENIOR CONVERTIBLE NOTES (Details) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 30, 2012USD ($)	Jan. 31, 2020USD ($)$ / shares	Jan. 31, 2019USD ($)	Jan. 31, 2018USD ($)
SENIOR CONVERTIBLE NOTES
Debt Instrument, Repurchased Face Amount		$ 45,600		$ 30,100
Extinguishment of Debt, Amount				28,100
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments				623
Repayments of Debt				29,100
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
Convertible Notes
SENIOR CONVERTIBLE NOTES
Debt Instrument, Repurchased Face Amount			$ 20,000
Amount of debt issued	$ 150,000
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) | $ / shares		$ 43.17
Extinguishment of Debt, Amount		$ 45,600	19,400
Repayments of Debt		$ 45,600	20,000
Additional Paid-in Capital [Member]
SENIOR CONVERTIBLE NOTES
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments			$ (600)	623
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt				600
Equity [Member]
SENIOR CONVERTIBLE NOTES
Repayments of Debt				$ 1,000

SENIOR CONVERTIBLE NOTES (Det_2

SENIOR CONVERTIBLE NOTES (Details 2) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2020USD ($)$ / shares	Jan. 31, 2019USD ($)	Jan. 31, 2018USD ($)
SENIOR CONVERTIBLE NOTES
Principal value		$ 45,644
Coupon interest expense	$ 4,452	7,760	$ 8,847
Interest expense	9,806	13,874	16,999
Senior Convertible Notes repurchased, face value	$ 45,600		30,100
Senior Convertible Notes repurchased, carrying value			28,100
Cash paid to repurchase Senior Convertible Notes			29,100
Convertible Notes
SENIOR CONVERTIBLE NOTES
Principal value		45,644
Unamortized debt discount		(350)
Unamortized Debt Issuance Expense		(45)
Carrying value of senior convertible notes		45,249
Carrying value of equity component, net of deferred taxes		14,923
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
Coupon interest expense	$ 421	2,014	2,782
Amortization of debt discount	350	1,626	2,104
Amortization of transaction costs	45	216	290
Interest expense	$ 816	$ 3,856	$ 5,176
Interest rate (in percentage)	7.30%	7.00%	7.00%
Senior Convertible Notes repurchased, face value		$ 20,000
Senior Convertible Notes repurchased, carrying value	$ 45,600	19,400
Cash paid to repurchase Senior Convertible Notes	$ 45,600	$ 20,000
Additional Paid-in Capital [Member]
SENIOR CONVERTIBLE NOTES
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt			$ 600

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Feb. 01, 2019	Jan. 31, 2019
LONG-TERM DEBT
Long term debt	$ 51,568		$ 22,743
Less current maturities	(13,779)	$ (2,067)	(2,067)
Notes and Loans, Noncurrent	37,789	$ 20,676	20,676
Sale Leaseback Transaction, Name [Domain]
LONG-TERM DEBT
Long term debt	17,781
Sale-leaseback financing obligations and capital leases
LONG-TERM DEBT
Long term debt			19,010
Real Estate Loan [Member]
LONG-TERM DEBT
Long term debt	4,416
Land and Building [Member]
LONG-TERM DEBT
Long term debt	1,489
Working Capital Line Payable
LONG-TERM DEBT
Long term debt	10,000
Mortgages [Member]
LONG-TERM DEBT
Long term debt	6,827
Vehicles [Member]
LONG-TERM DEBT
Long term debt	7,468
Other
LONG-TERM DEBT
Long term debt	$ 1,067		$ 755
Floorplan Line of Credit [Member] | Non-US [Member]
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	0.90%		0.94%
Floorplan Notes Payable [Member] | UNITED STATES
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	4.05%		4.77%
Maximum [Member] | Floorplan Line of Credit [Member] | Non-US [Member]
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	7.70%		8.51%
Maximum [Member] | Floorplan Notes Payable [Member] | UNITED STATES
LONG-TERM DEBT
Debt Instrument, Interest Rate, Stated Percentage	4.81%		6.30%
International [Member] | Mortgages [Member]
LONG-TERM DEBT
Long term debt	$ 2,520		$ 2,978

LONG-TERM DEBT (Details 2)

LONG-TERM DEBT (Details 2) - USD ($) $ in Thousands	Jan. 31, 2020	Jan. 31, 2019
Total Present Value of Minimum Lease Payments and Other Long-Term Debt
2021	$ 13,779
2022	3,695
2023	3,781
2024	3,946
2025	7,398
Thereafter	18,969
Long term debt	$ 51,568	$ 22,743

STORE CLOSINGS AND REALIGNMEN_3

STORE CLOSINGS AND REALIGNMENT COST (Details)	3 Months Ended	12 Months Ended		25 Months Ended
	Jan. 31, 2019USD ($)	Jan. 31, 2020USD ($)	Jan. 31, 2018USD ($)	Jan. 31, 2019USD ($)
Realignment Costs
Restructuring Reserve, Noncurrent	$ 2,200,000			$ 2,200,000
Restructuring Reserve	$ 2,379	$ 0	$ 5,797	2,379
Amount of Realignment Cost Incurred			10,500,000
Construction [Member]
Realignment Costs
Number of stores closed (in ones)	1
Agriculture
Realignment Costs
Number of stores closed (in ones)		14
FY18 Restructuring Plan [Domain]
Realignment Costs
Amount of Realignment Cost Incurred			10,499,000	13,870,000
Other Restructuring [Member] | FY18 Restructuring Plan [Domain] | Restructuring Cost [Member]
Realignment Costs
Amount of Realignment Cost Incurred			516,000	516,000
Impairment of Fixed Assets, Net of Gains on Asset Disposition [Member] | FY18 Restructuring Plan [Domain] | Impairment of Long-Lived Assets [Member]
Realignment Costs
Amount of Realignment Cost Incurred			(751,000)	2,206,000
Employee Severance [Member] | FY18 Restructuring Plan [Domain] | Realignment Cost [Member]
Realignment Costs
Amount of Realignment Cost Incurred			5,053,000	5,053,000
Contract Termination [Member]
Realignment Costs
Restructuring Reserve	$ 2,379	$ 0	5,393	2,379
Restructuring Reserve, Current	$ 200,000			200,000
Contract Termination [Member] | FY18 Restructuring Plan [Domain] | Restructuring Cost [Member]
Realignment Costs
Amount of Realignment Cost Incurred			$ 5,681,000	$ 6,095,000

STORE CLOSINGS AND REALIGNMEN_4

STORE CLOSINGS AND REALIGNMENT COST (Details 2) - USD ($)	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Realignment Costs
Restructuring Reserve, Noncurrent		$ 2,200,000
Realignment Reserve [Roll Forward]
Realignment Costs	$ 0	414,000	$ 10,499,000
Exit costs paid		(3,832)
Balance, End of Year	0	2,379	5,797
Restructuring and Related Cost, Incurred Cost			10,500,000
Lease termination costs
Realignment Reserve [Roll Forward]
Balance, Beginning of Year		200,000
Realignment Costs	(2,000)	414
Exit costs paid		(3,428)
Balance, End of Year	0	2,379	5,393
Restructuring Costs		3,000,000
Special Termination Benefits [Member]
Realignment Reserve [Roll Forward]
Realignment Costs	0	0
Exit costs paid		(404)
Balance, End of Year	0	0	$ 404
Restructuring Charged to Expense [Member]
Realignment Reserve [Roll Forward]
Realignment Costs	$ (2,379)	$ 414

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018	Apr. 30, 2017	Oct. 09, 2013
Foreign currency forward contracts
DERIVATIVE INSTRUMENTS
Derivative, Gain (Loss) on Derivative, Net		$ 365	$ 1,696	$ (2,601)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax		0	0	48
Foreign currency forward contracts | Not designated as hedging instruments
DERIVATIVE INSTRUMENTS
Derivative, Gain (Loss) on Derivative, Net		365	1,696	(1,510)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax		0	0	0
Foreign currency forward contracts | Not designated as hedging instruments | Cash Flow Hedging
DERIVATIVE INSTRUMENTS
Notional amount outstanding			14,055
Interest Rate Swap | Cash Flow Hedging
DERIVATIVE INSTRUMENTS
Interest Rate Cash Flow Hedge Asset at Fair Value			100,000
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax					$ 600
Derivative, Fixed Interest Rate						1.901%
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedging
DERIVATIVE INSTRUMENTS
Derivative, Gain (Loss) on Derivative, Net		0	0	(1,091)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax		$ 0	$ 0	$ 48
Cash Paid to Terminate Interest Rate Swap [Member] | Designated as Hedging Instrument | Cash Flow Hedging
Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative, Description of Terms	0.9

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Jan. 31, 2020USD ($)
Other Commitments [Line Items]
Contractual Obligation	$ 3.4
Other Commitment	3.2
Other Commitment, Due in Second and Third Year	1.1
Other Commitment, Due in Next Twelve Months	2.1
Guarantees on customer financing	$ 1.6

LEASES (Details)

LEASES (Details) - USD ($)	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018	Feb. 01, 2019
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 290,793,000	$ 278,876,000
Property, Plant and Equipment, Net	145,562,000	138,950,000
Revenues	1,305,171,000	1,261,505,000	$ 1,192,606,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	145,231,000	139,926,000
Operating Lease, Payments	$ 18,000
Operating Lease, Weighted Average Remaining Lease Term	7 years 11 months
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 19,000
Operating Lease, Right-of-Use Asset	88,281,000			$ 100,469,000
Finance Lease, Right-of-Use Asset, Amortization	1,457,000
Finance Lease, Interest Expense	554,000
Operating Lease, Cost	21,225,000
Short-term Lease, Cost	242,000
Variable Lease, Cost	2,665,000
Sublease Income	(620,000)
Lease, Cost	25,523,000
Finance Lease, Right-of-Use Asset	6,297,000
Lessee, Right-Of-Use Asset	94,578,000
Operating Lease, Liability, Current	12,259,000			12,266,000
Finance Lease, Liability, Current	1,708,000
Finance Lease, Liability, Current	5,811
Operating Lease, Liability, Noncurrent	88,387,000
Finance Lease, Liability, Noncurrent	4,103,000
Lessee, Lease Liability	106,457,000
Finance Lease, Liability, Payments, Remainder of Fiscal Year	2,000
Lessee, Liability, Payments, Remainder of Fiscal Year	21,000
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	17,000
Finance Lease, Liability, Payments, Due Next Twelve Months	2,000
Lessee, Liability, Payments, Due Next Twelve Months	19,000
Lessee, Operating Lease, Liability, Payments, Due Year Two	16,000
Finance Lease, Liability, Payments, Due Year Two	1,000
Lessee, Liability, Payments, Due Year Two	17,000
Lessee, Operating Lease, Liability, Payments, Due Year Three	15,000
Finance Lease, Liability, Payments, Due Year Three	0
Lessee, Liability, Payments, Due Year Three	15,000
Lessee, Operating Lease, Liability, Payments, Due Year Four	14,000
Finance Lease, Liability, Payments, Due Year Four	0
Lessee, Liability, Payments, Due Year Four	14,000
Lessee, Operating Lease, Liability, Payments, Due Year Five	14,000
Finance Lease, Liability, Payments, Due Year Five	0
Lessee, Liability, Payments, Due Year Five	14,000
Lessee, Operating Lease, Liability, Payments, Due after Year Five	33,000
Finance Lease, Liability, Payments, Due after Year Five	1,000
Lessee, Liability, Payments, Due After Year Five	34,000
Lessee, Operating Lease, Liability, Payments, Due	127,000
Finance Lease, Liability, Payment, Due	7,000
Lessee, Liability, Payments, Due	134,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	26,000
Finance Lease, Liability, Undiscounted Excess Amount	2,000
Lessee, Liability, Undiscounted Excess Amount	28,000
Operating Lease, Liability	101,000			$ 98,250,000
Present Value of Lease Liabilities	$ 106,000
Finance Lease, Weighted Average Remaining Lease Term	5 years 5 months
Operating Lease, Weighted Average Discount Rate, Percent	6.10%
Finance Lease, Weighted Average Discount Rate, Percent	8.50%
Finance Lease, Interest Payment on Liability	$ 1,000
Finance Lease, Principal Payments	2,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	1,000
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	1,000
Construction [Member]
Property, Plant and Equipment [Line Items]
Revenues	320,034,000	301,989,000	$ 293,860,000
Rental Fleet Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	104,133,000	111,164,000
Rental Fleet Equipment [Member] | Construction [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	104,000	111,164,000
Property, Plant and Equipment, Net	62,000	60,765,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 42,000	$ 50,399,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Millions	12 Months Ended
	Jan. 31, 2020USD ($)
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.7
Due to Related Parties	0.8
Amount of Transactions	1.8
Unvested Shares of Restricted Stock [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.1

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Valuation Allowance [Line Items]
Operating Loss Carryforwards	$ 47,000
Undistributed Earnings of Foreign Subsidiaries	17,000
Deferred Tax Assets, Net		$ (1,945)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
INCOME (LOSS) BEFORE INCOME TAXES - US	14,148	10,994	$ (16,644)
INCOME (LOSS) BEFORE INCOME TAXES - FOREIGN	504	5,160	2,205
Income (Loss) Before Income Taxes	14,652	16,154	(14,439)
Current payable (receivable)
Federal	897	(110)	130
State	116	(189)	50
Foreign	1,349	1,760	1,350
Current Income Tax Expense (Benefit)	2,362	1,461	1,530
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal	(375)	2,071	(6,247)
State	(1,929)	(45)	270
Foreign	641	485	(2,943)
Deferred income taxes	(1,663)	2,511	(8,920)
Total	$ 699	$ 3,972	$ (7,390)
Reconciliation of statutory federal income tax rate to effective rate
U.S. statutory rate (as a percent)	(21.00%)	(21.00%)	33.80%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	$ 1,800
Foreign statutory rates (as a percent)	1.00%	0.60%	1.40%
State taxes on income net of federal tax benefit (as a percent)	5.80%	5.60%	(4.30%)
Valuation allowances (as a percent)	(36.60%)	(5.20%)	(4.40%)
Effective Income Tax Rate Reconciliation, Foreign Currency Gains (Losses)	10.50%	2.00%	1.00%
Foreign currency devaluation (as a percent)	0.00%	0.00%	(13.90%)
All other, net (as a percent)	3.10%	0.60%	2.80%
Effective tax rate (as a percent)	4.80%	24.60%	(51.20%)
Current deferred tax assets:
Inventory allowances	$ 3,037	$ 3,598
Intangible assets	2,192	2,670
Net operating losses	4,291	6,266
Accrued liabilities and other	3,533	4,120
Receivables	1,137	740
Stock-based compensation	1,095	1,103
Deferred Tax Liabilities, Leasing Arrangements	25,325
Other	452	806
Total deferred tax assets	41,062	19,303
Valuation allowances	(2,180)	(6,727)
Deferred tax assets, net of valuation allowances	38,882	12,576
Non-current deferred tax assets (liabilities):
Property and equipment	(16,752)	(14,433)
Senior convertible notes	0	(88)
Total deferred tax liabilities	(38,790)	$ (14,521)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	4,600
Net deferred tax asset (liability)	92
Domestic Tax Authority [Member]
Current deferred tax assets:
Valuation allowances	$ (6,700)

INCOME TAXES INCOME TAXES (Deta

INCOME TAXES INCOME TAXES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Operating Loss Carryforwards [Line Items]
Undistributed earnings in non-U.S. subsidiaries	$ 17,000
Net operating loss carryforwards	47,000
Valuation Allowances	2,180	$ 6,727
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	4,600
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
OperatingLossCarryforwardIndefinite	8,500
OperatingLossCarryforwardsLimited	9,000
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
OperatingLossCarryforwardsLimited	29,400
Valuation Allowances	$ 6,700

CAPITAL STRUCTURE (Details)

CAPITAL STRUCTURE (Details) - $ / shares	Jan. 31, 2020	Jan. 31, 2019	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 (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
STOCK-BASED COMPENSATION
Number of shares authorized	1,650,000
Number of shares available for future awards	482,789
Restricted Stock [Member] | Board of Directors | Maximum
STOCK-BASED COMPENSATION
Vesting period	1 year
Restricted Stock [Member] | Employees | Minimum
STOCK-BASED COMPENSATION
Vesting period	3 years
Restricted Stock [Member] | Employees | Maximum
STOCK-BASED COMPENSATION
Vesting period	6 years
Restricted Stock Units (RSUs) [Member] | Employees | Minimum
STOCK-BASED COMPENSATION
Vesting period	3 years
Restricted Stock Units (RSUs) [Member] | Employees | Maximum
STOCK-BASED COMPENSATION
Vesting period	6 years
The Plan
STOCK-BASED COMPENSATION
Compensation cost	$ 2.7	$ 2.7	$ 3.1
Income tax benefit (net)	$ 0.6	$ 0.8	$ 1.2

STOCK-BASED COMPENSATION (Det_2

STOCK-BASED COMPENSATION (Details 2) - $ / shares	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Restricted Stock Units (RSUs) [Member]
Stock options outstanding and exercisable by exercise price range
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 17.79	$ 17.58

STOCK-BASED COMPENSATION (Det_3

STOCK-BASED COMPENSATION (Details 3) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price	$ 0	$ 16,000
Shares
Balance at the beginning of the period (in shares)	24
Granted (in shares)	17
Balance at the end of the period (in shares)	27	24
Weighted Average Grant Date Fair Value
Vested (in dollars per share)	$ 16.63
Additional disclosure
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Forfeited, Number of Shares	(3)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Forfeited, Weighted Average Grant Date Fair Value	$ 16,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	(11)
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 0.2
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 17,000
Restricted Stock Awards
Shares
Balance at the beginning of the period (in shares)	380
Granted (in shares)	174
Forfeited (in shares)	(26)
Vested (in shares)	(167)
Balance at the end of the period (in shares)	361	380
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 15.88
Granted (in dollars per share)	16.48	$ 17.22	$ 17.47
Forfeited (in dollars per share)	15.89
Balance at the end of the period (in dollars per share)	$ 16.14	$ 15.88
Weighted Average Remaining Contractual Term
Nonvested	1 year 11 months
Additional disclosure
Fair value of restricted stock vested	$ 3.8	$ 3.6	$ 3.6
Unrecognized compensation cost on non-vested restricted stock	$ 2.7
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 16.12
Restricted Stock Units
Shares
Balance at the beginning of the period (in shares)	5
Granted (in shares)	11
Vested (in shares)	(2)
Balance at the end of the period (in shares)	14	5
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 14.19
Granted (in dollars per share)	17.79	$ 17.58
Balance at the end of the period (in dollars per share)	$ 13.53	$ 14.19
Weighted Average Remaining Contractual Term
Nonvested	2 years 2 months
Additional disclosure
Unrecognized compensation cost on non-vested restricted stock	$ 0.2
Management Service, Incentive [Member]
Weighted Average Remaining Contractual Term
Nonvested	1 year 3 months

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (5,931)	$ (5,051)	$ (4,411)	$ (6,810)
Derivatives used in Net Investment Hedge, Net of Tax	2,711	2,711	2,711	2,711
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax			0	(684)
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax			0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax			48
Other Comprehensive Income (Loss), before Reclassifications, before Tax			2,447
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net			1,091
Accumulated other comprehensive loss	(3,220)	(2,340)	(1,700)	$ (4,783)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax			2,399
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			1,091
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax			2,399
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax			1,139
Other Comprehensive Income (Loss), before Tax			3,538
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax			(455)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax			(436)
AOCI Tax, Attributable to Parent			(455)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(880)	(640)	2,399
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax		0	684
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ (880)	$ (640)	$ 3,083

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) $ in Millions	12 Months Ended
	Jan. 31, 2020USD ($)yr	Jan. 31, 2019USD ($)	Jan. 31, 2018USD ($)
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 | $	$ 3	$ 2.7	$ 2.5

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($)	9 Months Ended	12 Months Ended
	Oct. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Jul. 02, 2018
Business Acquisition [Line Items]
Cash Acquired from Acquisition			$ 3,857,000
Purchase price allocation
Total liabilities acquired			19,094,000
Cash consideration		$ 10,900,000
Goodwill expected to be deductible for tax purposes		1,198,000
Real Estate Investment Property, at Cost		2,100,000
Goodwill, Acquired During Period		1,198,000	924,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other			61,000
Business Combination, Acquired Receivable, Fair Value		440,000	5,340,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets			887,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		3,810,000	3,512,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		1,973,000	1,944,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		13,887,000	38,250,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable			1,553,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities		7,400,000	13,820,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue			85,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other			1,279,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt			1,725,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent			632,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		13,887,000	19,156,000
Cash Consideration Paid [Domain]
Business Acquisition [Line Items]
Business Acquisition, Transaction Costs				$ 19,200,000
International [Member]
Purchase price allocation
Cash consideration	$ 3,000,000
Goodwill expected to be deductible for tax purposes		499,000	924,000
Goodwill, Acquired During Period		499,000	924,000
Agricultural Sector [Member]
Purchase price allocation
Goodwill expected to be deductible for tax purposes		699,000
Goodwill, Acquired During Period		699,000	0
Other Intangible Assets [Member]
Purchase price allocation
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		100,000
Distribution Rights [Member]
Purchase price allocation
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		1,600,000	1,800,000
Customer Relationships [Member]
Purchase price allocation
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 200,000	$ 100,000

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) $ in Thousands	Jan. 31, 2019USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Face value of senior convertible notes	$ 45,644
Fair value
FAIR VALUE OF FINANCIAL INSTRUMENTS
Senior convertible notes	45,644
Carrying value
FAIR VALUE OF FINANCIAL INSTRUMENTS
Senior convertible notes	$ 45,249

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS ASSETS AND LIABILITIES MEASURED ON A NONRECURRING BASIS (Details 2) - USD ($) $ in Millions	Jan. 31, 2020	Jan. 31, 2019
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Carrying Value of Long-Lived Assets Analyzed for Impairment	$ 2.8	$ 0.9

SEGMENT INFORMATION AND OPERA_3

SEGMENT INFORMATION AND OPERATING RESULTS (Details) $ in Millions	12 Months Ended
	Jan. 31, 2020USD ($)segment	Jan. 31, 2019USD ($)
Revenue and long-lived assets
Number of Reportable Segments | segment	3
European subsidiaries
Revenue and long-lived assets
Long-lived assets | $	$ 11.4	$ 12.3

SEGMENT INFORMATION AND OPERA_4

SEGMENT INFORMATION AND OPERATING RESULTS (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Segment Reporting Information
Revenues	$ 1,305,171	$ 1,261,505	$ 1,192,606
Income (Loss) Before Income Taxes	14,652	16,154	(14,439)
Impairment	3,764	2,156	673
Realignment Costs	0	414	10,499
Interest Income	331	326	496
Interest expense	9,806	13,874	16,999
Depreciation and Amortization	28,067	23,605	25,105
Capital Expenditures	25,016	11,951	26,115
Total Assets	975,343	792,438
Agriculture
Segment Reporting Information
Revenues	749,042	726,793	689,854
Income (Loss) Before Income Taxes	18,036	16,799	(3,678)
Impairment	2,807	886	175
Realignment Costs	0	441	6,886
Interest Income	54	84	164
Interest expense	5,142	4,272	5,781
Depreciation and Amortization	5,095	4,997	5,411
Capital Expenditures	4,699	2,473	2,950
Total Assets	444,942	316,224
Construction [Member]
Segment Reporting Information
Revenues	320,034	301,989	293,860
Income (Loss) Before Income Taxes	(2,290)	(4,400)	(7,278)
Impairment	957	1,114	498
Realignment Costs	0	(27)	2,093
Interest Income	217	234	314
Interest expense	7,221	6,308	7,750
Depreciation and Amortization	12,537	13,652	14,297
Capital Expenditures	15,713	7,012	20,080
Total Assets	275,645	227,261
Shared Resources
Segment Reporting Information
Income (Loss) Before Income Taxes	(1,598)	(1,405)	(5,688)
Realignment Costs	0	0	1,458
Interest Income	16	(73)	9
Interest expense	(6,061)	(19)	958
Depreciation and Amortization	8,033	3,152	4,031
Capital Expenditures	2,836	522	1,753
Total Assets	63,243	78,766
International [Member]
Segment Reporting Information
Revenues	236,095	232,723	208,892
Income (Loss) Before Income Taxes	504	5,160	2,205
Impairment	0	156	0
Realignment Costs	0	0	62
Interest Income	44	81	9
Interest expense	3,504	3,313	2,510
Depreciation and Amortization	2,402	1,804	1,366
Capital Expenditures	1,768	1,944	1,332
Total Assets	191,513	170,187
Operating Segments
Segment Reporting Information
Income (Loss) Before Income Taxes	16,250	17,559	(8,751)
Realignment Costs	0	414	9,041
Interest Income	315	399	487
Interest expense	15,867	13,893	16,041
Depreciation and Amortization	20,034	20,453	21,074
Capital Expenditures	22,180	11,429	24,362
Total Assets	912,100	713,672
Operating Segments | Agriculture
Segment Reporting Information
Revenues	749,042	726,793
Operating Segments | Construction [Member]
Segment Reporting Information
Revenues	320,034	301,989
Operating Segments | International [Member]
Segment Reporting Information
Revenues	236,095	232,723
All Countries, Excluding United States [Member]
Segment Reporting Information
Revenues	$ 236,100	$ 232,700	$ 208,900

SELECTED QUARTERLY FINANCIAL _3

SELECTED QUARTERLY FINANCIAL DATA (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Revenue, As Corrected	$ 350,964	$ 360,936	$ 314,981	$ 278,292	$ 359,647	$ 360,913	$ 297,231	$ 243,714
Gross Profit	61,118	71,774	64,027	53,900	55,585	69,542	58,901	47,558	$ 250,818	$ 231,588	$ 215,300
Net Income (Loss) Including Noncontrolling Interest									$ 13,953	$ 12,182	$ (7,049)
Net Income (Loss) Attributable to Titan Machinery Inc.	$ 673	$ 8,214	$ 5,511	$ (445)	$ (2,160)	$ 10,776	$ 5,180	$ (1,588)
Earnings Per Share, Basic	$ 0.03	$ 0.37	$ 0.25	$ (0.02)	$ (0.10)	$ 0.49	$ 0.23	$ (0.07)	$ 0.63	$ 0.55	$ (0.32)
Earnings (Loss) per Share-Diluted (in dollars per share)	$ 0.03	$ 0.37	$ 0.25	$ (0.02)	$ (0.10)	$ 0.48	$ 0.23	$ (0.07)	$ 0.63	$ 0.55	$ (0.32)
Impairment									$ 3,764	$ 2,156	$ 673
Valuation Allowance Recognized									4,600
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount									$ 1,800
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent									21.00%	21.00%	(33.80%)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018	Apr. 03, 2020	Jul. 02, 2018
Subsequent Event [Line Items]
Revenues	$ 1,305,171,000	$ 1,261,505,000	$ 1,192,606,000
Line of Credit Facility, Maximum Borrowing Capacity				$ 250,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	6,466,000	21,725,000
Capitalized Computer Software, Net	8,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		61,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,973,000	1,944,000
Floorplan Notes Payable	371,772,000	$ 273,756,000		185,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Revenues	$ 26,000,000
Cash Consideration Paid [Domain]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross					$ 19,200,000
Working capital line of credit
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 65,000,000

Schedule II-Valuation and Qua_2

Schedule II-Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Changes in valuation and qualifying accounts and reserves
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Costs	$ 0	$ 958	$ 0
Valuation reserve deduction from receivables
Changes in valuation and qualifying accounts and reserves
Beginning Balance	3,528	2,951	3,630
Additions Charged to Expenses	2,497	835	2,333
Deductions for Write-offs, Net of Recoveries	(872)	(1,173)	(3,138)
Foreign Currency Translation Adjustment	(30)	(43)	126
Ending Balance	$ 5,123	$ 3,528	$ 2,951

Uncategorized Items - titn-2020

Label	Element	Value
Working Capital Line of Credit [Member] | Wells Fargo Bank National Association [Member]
Line of Credit Facility, Maximum Borrowing Capacity	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	$ 60,000,000
Floorplan Line of Credit [Member]
Long-term Line of Credit	us-gaap_LineOfCredit	273,756,000
Long-term Line of Credit	us-gaap_LineOfCredit	371,772,000
Floorplan Line of Credit [Member] | Other Affiliates [Member]
Long-term Line of Credit	us-gaap_LineOfCredit	90,905,000
Long-term Line of Credit	us-gaap_LineOfCredit	$ 70,725,000
Floorplan Line of Credit [Member] | DLL Finance LLC [Member]
Line of Credit Facility, Notice Period for Increasing (Decreasing) or Termination of Facility	titn_LineOfCreditFacilityNoticePeriodForIncreasingDecreasingOrTerminationOfFacility	90 days
Line of Credit Facility, Maximum Borrowing Capacity	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	$ 45,000,000
Line of Credit Facility, Maximum Borrowing Capacity	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	60,000,000
Long-term Line of Credit	us-gaap_LineOfCredit	13,432,000
Long-term Line of Credit	us-gaap_LineOfCredit	30,657,000
Line of Credit Facility, Current Borrowing Capacity	us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity	$ 60,000,000
Debt Instrument, Description of Variable Rate Basis	us-gaap_DebtInstrumentDescriptionOfVariableRateBasis	three-month LIBOR
Floorplan Line of Credit [Member] | DLL Finance LLC [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	us-gaap_DebtInstrumentBasisSpreadOnVariableRate1	2.85%
Floorplan Line of Credit [Member] | DLL Finance LLC [Member] | Domestic Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	$ 46,500,000
Floorplan Line of Credit [Member] | DLL Finance LLC [Member] | International [Member]
Line of Credit Facility, Maximum Borrowing Capacity	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	$ 13,500,000
Debt Instrument, Description of Variable Rate Basis	us-gaap_DebtInstrumentDescriptionOfVariableRateBasis	three-month EURIBOR
Floorplan Line of Credit [Member] | DLL Finance LLC [Member] | International [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	us-gaap_DebtInstrumentBasisSpreadOnVariableRate1	2.10%
Floorplan Line of Credit [Member] | DLL Finance LLC [Member] | International [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	us-gaap_DebtInstrumentBasisSpreadOnVariableRate1	2.50%
Floorplan Line of Credit [Member] | C N H Capital America L L C [Member]
Long-term Line of Credit	us-gaap_LineOfCredit	$ 120,319,000
Long-term Line of Credit	us-gaap_LineOfCredit	$ 187,690,000
Debt Instrument, Description of Variable Rate Basis	us-gaap_DebtInstrumentDescriptionOfVariableRateBasis	prime
Debt Instrument, Basis Spread on Variable Rate	us-gaap_DebtInstrumentBasisSpreadOnVariableRate1	3.25%
Floorplan Line of Credit [Member] | Wells Fargo Bank National Association [Member]
Line of Credit Facility, Maximum Borrowing Capacity	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	$ 140,000,000
Long-term Line of Credit	us-gaap_LineOfCredit	49,100,000
Long-term Line of Credit	us-gaap_LineOfCredit	82,700,000
Floorplan Line of Credit [Member] | UNITED STATES
Line of Credit Facility, Maximum Borrowing Capacity	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	360,000,000
Floorplan Line of Credit [Member] | Non-US [Member]
Line of Credit Facility, Maximum Borrowing Capacity	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	$ 90,000,000