Titan Machinery (TITN) 10-Q 7 Sep 23 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jul. 31, 2023	Sep. 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2023
Document Transition Report	false
Entity File Number	001-33866
Entity Registrant Name	TITAN MACHINERY INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-0357838
Entity Address, Address Line One	644 East Beaton Drive
Entity Address, City or Town	West Fargo,
Entity Address, State or Province	ND
Entity Address, Postal Zip Code	58078-2648
City Area Code	(701)
Local Phone Number	356-0130
Title of 12(b) Security	Common Stock, $0.00001 par value per share
Trading Symbol	TITN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001409171
Amendment Flag	false
Current Fiscal Year End Date	--01-31
Entity Common Stock, Shares Outstanding		22,863,911
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Current Assets
Cash	$ 52,765	$ 43,913
Receivables, net of allowance for expected credit losses	119,753	95,844
Inventories, net	979,427	703,939
Prepaid expenses and other	13,543	25,554
Total current assets	1,165,488	869,250
Noncurrent Assets
Property and equipment, net of accumulated depreciation	252,187	217,782
Operating lease assets	44,241	50,206
Deferred income taxes	3,769	1,246
Goodwill	31,157	30,622
Intangible assets, net of accumulated amortization	18,354	18,411
Other	1,820	1,178
Total noncurrent assets	351,528	319,445
Total Assets	1,517,016	1,188,695
Current Liabilities
Accounts payable	41,254	40,834
Floorplan payable	595,728	258,372
Current maturities of long-term debt	11,174	7,241
Current operating lease liabilities	9,533	9,855
Deferred revenue	63,083	119,845
Accrued expenses and other	49,360	58,159
Income taxes payable	7,871	3,845
Total current liabilities	778,003	498,151
Long-Term Liabilities
Long-term debt, less current maturities	87,052	89,950
Operating lease liabilities	42,168	48,513
Deferred Income Tax Liabilities, Net	9,569	9,563
Other long-term liabilities	3,543	6,212
Total long-term liabilities	142,332	154,238
Commitments and Contingencies (Note 15)
Stockholders' Equity
Common stock, par value $.00001 per share, 45,000,000 shares authorized; 22,863,628 shares issued and outstanding at July 31, 2023; 22,697,761 shares issued and outstanding at January 31, 2023	0	0
Additional paid-in-capital	256,984	256,541
Retained earnings	343,070	284,784
Accumulated other comprehensive loss	(3,373)	(5,019)
Total Titan Machinery Inc. stockholders' equity	596,681	536,306
Total Liabilities and Stockholders' Equity	$ 1,517,016	$ 1,188,695

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2023	Jan. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value, in dollars per share	$ 0.00001	$ 0.00001
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	22,863,628	22,697,761
Common stock, shares outstanding	22,863,628	22,697,761

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Total Revenue	$ 642,568	$ 496,543	$ 1,212,199	$ 957,549
Total Cost of Revenue	509,169	393,844	960,220	766,156
Gross Profit	133,399	102,699	251,979	191,393
Operating Expenses	88,751	68,828	170,066	132,980
Income from Operations	44,648	33,871	81,913	58,413
Other Income (Expense)
Interest and other income	641	873	1,362	1,365
Floorplan interest expense	2,457	245	3,729	499
Other interest expense	(1,241)	(1,349)	(2,514)	(2,545)
Income Before Income Taxes	41,591	33,150	77,032	56,734
Provision for Income Taxes	10,270	8,191	18,745	14,235
Net Income	$ 31,321	$ 24,959	$ 58,287	$ 42,499
Earnings per Share:
Earnings (Loss) per Share - Basic, in dollars per share	$ 1.38	$ 1.10	$ 2.56	$ 1.88
Earnings (Loss) per Share - Diluted, in dollars per share	$ 1.38	$ 1.10	$ 2.56	$ 1.88
Weighted Average Common Shares:
Weighted Average Number of Shares Outstanding, Basic	22,476	22,387	22,474	22,350
Weighted Average Number of Shares Outstanding, Diluted	22,484	22,392	22,480	22,357
Equipment
Revenue	$ 480,122	$ 375,216	$ 909,498	$ 731,582
Cost of Revenue	414,800	323,988	783,062	634,222
Parts
Revenue	108,510	77,693	205,116	146,255
Cost of Revenue	73,086	52,706	138,190	100,015
Service
Revenue	42,478	33,365	77,411	62,887
Cost of Revenue	14,208	11,072	26,617	21,832
Rental and Other
Revenue	11,458	10,269	20,174	16,825
Cost of Revenue	$ 7,075	$ 6,078	$ 12,351	$ 10,087

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 31,321	$ 24,959	$ 58,287	$ 42,499
Other Comprehensive Income (Loss)
Foreign currency translation adjustments	550	(2,963)	1,646	(4,153)
Comprehensive Income	$ 31,871	$ 21,996	$ 59,933	$ 38,346

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY Statement - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Shares, Outstanding		22,588
Stockholders' Equity Attributable to Parent	$ 435,199		$ 254,455	$ 182,916	$ (2,172)
Stock Issued During Period, Share of Restricted Stock Award Stock Options Exercised and Warrants and Tax Benefits of Equity Awards		(19)
Stock Issued During Period, Value of Restricted Stock Award Stock Options Exercised Warrants Exercised and Tax Benefits of Equity Awards	(685)		(685)
Stock-based compensation expense	620		620
Net Income (Loss) Attributable to Parent	17,540			17,540
Other Comprehensive Income (Loss), Net of Tax	(1,191)				(1,191)
Net Income (Loss) Attributable to Parent	42,499
Shares, Outstanding		22,569
Stockholders' Equity Attributable to Parent	451,483		254,390	200,456	(3,363)
Stock Issued During Period, Share of Restricted Stock Award Stock Options Exercised and Warrants and Tax Benefits of Equity Awards		126
Stock Issued During Period, Value of Restricted Stock Award Stock Options Exercised Warrants Exercised and Tax Benefits of Equity Awards	(5)		(5)
Stock-based compensation expense	803		803
Net Income (Loss) Attributable to Parent	24,959			24,959
Other Comprehensive Income (Loss), Net of Tax	(2,963)				(2,963)
Shares, Outstanding		22,695
Stockholders' Equity Attributable to Parent	474,277		255,188	225,415	(6,326)
Shares, Outstanding		22,698
Stockholders' Equity Attributable to Parent	536,306		256,541	284,784	(5,019)
Stock Issued During Period, Share of Restricted Stock Award Stock Options Exercised and Warrants and Tax Benefits of Equity Awards		(29)
Stock Issued During Period, Value of Restricted Stock Award Stock Options Exercised Warrants Exercised and Tax Benefits of Equity Awards	(993)		(993)
Stock-based compensation expense	659		659
Net Income (Loss) Attributable to Parent	26,965			26,965
Other Comprehensive Income (Loss), Net of Tax	1,096				1,096
Net Income (Loss) Attributable to Parent	58,287
Shares, Outstanding		22,669
Stockholders' Equity Attributable to Parent	564,033		256,207	311,749	(3,923)
Stock Issued During Period, Share of Restricted Stock Award Stock Options Exercised and Warrants and Tax Benefits of Equity Awards		195
Stock Issued During Period, Value of Restricted Stock Award Stock Options Exercised Warrants Exercised and Tax Benefits of Equity Awards	(7)		(7)
Stock-based compensation expense	784		784
Net Income (Loss) Attributable to Parent	31,321			31,321
Other Comprehensive Income (Loss), Net of Tax	550				550
Shares, Outstanding		22,864
Stockholders' Equity Attributable to Parent	$ 596,681		$ 256,984	$ 343,070	$ (3,373)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Operating Activities
Net Income (Loss) Attributable to Parent	$ 58,287	$ 42,499
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	14,637	10,987
Deferred income taxes	(2,495)	(1,005)
Stock-based compensation expense	1,443	1,423
Noncash interest expense	129	121
Other, net	3,250	4,583
Changes in assets and liabilities, net of effects of acquisitions
Increase (Decrease) in Accounts Receivable	20,623	2,913
Increase (Decrease) in Prepaid Expense and Other Assets	7,540	8,357
Inventories	(263,121)	(137,708)
Manufacturer floorplan payable	150,906	105,415
Increase (Decrease) in Deferred Revenue	(58,482)	(43,530)
Accounts payable, accrued expenses and other and other long-term liabilities	(14,166)	(9,182)
Net Cash Used for Operating Activities	(122,695)	(20,953)
Investing Activities
Rental fleet purchases	(2,690)	(6,020)
Property and equipment purchases (excluding rental fleet)	(25,347)	(8,487)
Proceeds from sale of property and equipment	6,029	1,628
Acquisition consideration, net of cash acquired	27,935	7,675
Other, net	(795)	(182)
Net Cash Used for Investing Activities	(50,738)	(20,736)
Financing Activities
Net change in non-manufacturer floorplan payable	185,026	35,716
Proceeds from long-term debt borrowings	6,503	8,415
Principal payments on long-term debt and finance leases	8,701	3,879
Other, net	(1,009)	(689)
Net Cash Provided by Financing Activities	181,819	39,563
Effect of Exchange Rate Changes on Cash	466	(1,966)
Net Change in Cash	8,852	(4,092)
Cash at Beginning of Period	43,913	146,149
Cash at End of Period	52,765	142,057
Cash paid during the period
Income taxes, net of refunds	15,215	11,116
Interest	5,377	2,851
Supplemental Disclosures of Noncash Investing and Financing Activities
Net property and equipment financed with long-term debt, finance leases, accounts payable and accrued liabilities	5,175	2,667
Net transfer of assets to property and equipment from inventories	$ (1,232)	$ (2,849)

BUSINESS ACTIVITY AND SIGNIFICA

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES	BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s agriculture, construction and international customers. Therefore, operating results for the six-months ended July 31, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2024. The information contained in the consolidated balance sheet as of January 31, 2023 was derived from the audited consolidated financial statements of the Company for the fiscal year then ended. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2023 as filed with the SEC. Nature of Business The Company is engaged in the retail sale, service and rental of agricultural and construction machinery through its stores in the United States and Europe. The Company’s North American stores are located in Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Washington, Wisconsin, and Wyoming and its European stores are located in Bulgaria, Germany, Romania, and Ukraine. Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, impairment of long-lived assets, goodwill, or indefinite lived intangible assets, collectability of receivables, and income taxes. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation. Recently Adopted Accounting Guidance In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2022-04, Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This new standard requires that the buyer in a supplier finance program discloses information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a rollforward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. This ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the disclosure of rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption of this ASU is permitted. Entities must apply the amendments of this ASU retrospectively to all periods in which a balance sheet is presented, with the exception of the amendment on disclosure of rollforward information, which entities only need to apply prospectively. On February 1st, 2023 we adopted ASU No. 2022-04 with no impact to our consolidated financial statements. The Company has agreements with financial institutions to facilitate the purchase of inventory from designated suppliers under certain terms and conditions. Under these agreements, the Company receives extended payment terms and agrees to pay the financial institution a stated amount of confirmed invoices from its designated suppliers. The Company may incur interest in accordance with the terms of the agreements. Additionally, the Company has no involvement in establishing the terms or conditions of the arrangements between its suppliers and the financial institution.

EARNINGS PER SHARE (Notes)

EARNINGS PER SHARE (Notes)	6 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the calculation of basic and diluted earnings per share (EPS): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 (in thousands, except per share data) Numerator: Net income $ 31,321 $ 24,959 $ 58,287 $ 42,499 Allocation to participating securities (400) (291) (689) (502) Net income attributable to Titan Machinery Inc. common stockholders $ 30,921 $ 24,668 $ 57,598 $ 41,997 Denominator: Basic weighted-average common shares outstanding 22,476 22,387 22,474 22,350 Plus: incremental shares from vesting of restricted stock units 8 5 6 7 Diluted weighted-average common shares outstanding 22,484 22,392 22,480 22,357 Earnings Per Share: Basic $ 1.38 $ 1.10 $ 2.56 $ 1.88 Diluted $ 1.38 $ 1.10 $ 2.56 $ 1.88

REVENUE (Notes)

REVENUE (Notes)	6 Months Ended
	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Revenue is recognized when control of the promised goods or services is transferred to the customer, in an amount that reflects the consideration we expect to collect in exchange for those goods or services. Sales, value added and other taxes collected from our customers concurrent with our revenue activities are excluded from revenue. The following tables present our revenue disaggregated by revenue source and segment: Three Months Ended July 31, 2023 Six Months Ended July 31, 2023 Agriculture Construction International Total Agriculture Construction International Total (in thousands) (in thousands) Equipment $ 352,533 $ 53,697 $ 73,892 $ 480,122 $ 678,193 $ 99,155 $ 132,150 $ 909,498 Parts 82,246 12,537 13,727 108,510 151,793 26,202 27,121 205,116 Service 32,526 7,347 2,605 42,478 58,793 13,683 4,935 77,411 Other 1,235 588 193 2,016 2,402 948 552 3,902 Revenue from contracts with customers 468,540 74,169 90,417 633,126 891,181 139,988 164,758 1,195,927 Rental 529 8,694 219 9,442 1,085 14,872 315 16,272 Total revenue $ 469,069 $ 82,863 $ 90,636 $ 642,568 $ 892,266 $ 154,860 $ 165,073 $ 1,212,199 Three Months Ended July 31, 2022 Six Months Ended July 31, 2022 Agriculture Construction International Total Agriculture Construction International Total (in thousands) (in thousands) Equipment $ 270,472 $ 43,184 $ 61,560 $ 375,216 $ 521,565 $ 87,002 $ 123,015 $ 731,582 Parts 52,548 11,816 13,329 77,693 97,054 23,879 25,322 146,255 Service 24,730 6,302 2,333 33,365 46,683 12,125 4,079 62,887 Other 880 500 246 1,626 1,679 803 451 2,933 Revenue from contracts with customers 348,630 61,802 77,468 487,900 666,981 123,809 152,867 943,657 Rental 326 8,220 97 8,643 522 13,177 193 13,892 Total revenue $ 348,956 $ 70,022 $ 77,565 $ 496,543 $ 667,503 $ 136,986 $ 153,060 $ 957,549 Unbilled Receivables and Deferred Revenue Unbilled receivables from contracts with customers amounted to $32.1 million and $19.8 million as of July 31, 2023 and January 31, 2023, respectively. This increase in unbilled receivables is primarily the result of a seasonal increase in the volume of our service transactions in which we recognize revenue as our work is performed and prior to customer invoicing.

RECEIVABLES (Notes)

RECEIVABLES (Notes)	6 Months Ended
	Jul. 31, 2023
Receivables [Abstract]
RECEIVABLES	NOTE 4 - RECEIVABLES The Company provides an allowance for expected credit losses on its nonrental receivables. To measure the expected credit losses, receivables have been grouped based on shared credit risk characteristics as shown in the table below. Trade and unbilled receivables from contracts with customers have credit risk and the allowance is determined by applying expected credit loss percentages to aging categories based on historical experience that are updated each quarter. The rates may also be adjusted to the extent future events are expected to differ from historical results. In addition, the allowance is adjusted based on information obtained by continued monitoring of individual customer credit. Trade receivables from finance companies, other receivables due from manufacturers, and other receivables have not historically resulted in any credit losses to the Company. These receivables are short-term in nature and deemed to be of good credit quality and have no need for any allowance for expected credit losses. Management continually monitors these receivables and should information be obtained that identifies potential credit risk, an adjustment to the allowance would be made if deemed appropriate. Trade and unbilled receivables from rental contracts are primarily in the United States and are specifically excluded from the accounting guidance in determining an allowance for expected losses. The Company provides an allowance for these receivables based on historical experience and using credit information obtained from continued monitoring of customer accounts. July 31, 2023 January 31, 2023 (in thousands) Trade and unbilled receivables from contracts with customers Trade receivables due from customers $ 57,220 $ 47,298 Unbilled receivables 32,110 19,764 Less allowance for expected credit losses 3,251 3,080 86,079 63,982 Trade receivables due from finance companies 17,556 11,212 Trade and unbilled receivables from rental contracts Trade receivables 3,804 3,629 Unbilled receivables 1,076 776 Less allowance for expected credit losses 436 360 4,444 4,045 Other receivables Due from manufacturers 10,766 15,007 Other 908 1,598 11,674 16,605 Receivables, net of allowance for expected credit losses $ 119,753 $ 95,844 Following is a summary of allowance for credit losses on trade and unbilled accounts receivable by segment: Agriculture Construction International Total (in thousands) Balance at January 31, 2023 $ 367 $ 124 $ 2,589 $ 3,080 Current expected credit loss (benefit) provision (15) 123 244 352 Write-offs charged against allowance 143 56 53 252 Credit loss recoveries collected 13 1 42 56 Foreign exchange impact — — 15 15 Balance at July 31, 2023 $ 222 $ 192 $ 2,837 $ 3,251 Agriculture Construction International Total (in thousands) Balance at January 31, 2022 $ 244 $ 193 $ 1,542 $ 1,979 Current expected credit loss provision 79 35 846 960 Write-offs (recoveries) charged against allowance 30 97 61 188 Credit loss recoveries collected 16 4 — 20 Foreign exchange impact — — (49) (49) Balance at July 31, 2022 $ 309 $ 135 $ 2,278 $ 2,722 The following table presents impairment losses (recoveries) on receivables arising from sales contracts with customers and receivables arising from rental contracts reflected in Operating Expenses in the Condensed Consolidated Statements of Operations: Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 (in thousands) Impairment losses on: Receivables from sales contracts $ 69 $ 186 $ 351 $ 999 Receivables from rental contracts 71 43 123 32 $ 140 $ 229 $ 474 $ 1,031

INVENTORIES

INVENTORIES	6 Months Ended
	Jul. 31, 2023
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES July 31, 2023 January 31, 2023 (in thousands) New equipment $ 598,926 $ 369,828 Used equipment 194,730 164,761 Parts and attachments 179,527 164,553 Work in process 6,244 4,797 $ 979,427 $ 703,939

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT July 31, 2023 January 31, 2023 (in thousands) Rental fleet equipment $ 77,848 $ 75,386 Machinery and equipment 31,241 27,220 Vehicles 87,816 80,122 Furniture and fixtures 56,069 53,937 Land, buildings, and leasehold improvements 169,601 140,773 422,575 377,438 Less accumulated depreciation 170,388 159,656 $ 252,187 $ 217,782

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other	6 Months Ended
	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS AND GOODWILL Finite-Lived Intangible Assets The Company's finite-lived intangible assets consist of customer relationships and covenants not to compete. The following is a summary of intangible assets with finite lives as of July 31, 2023 and January 31, 2023. July 31, 2023 January 31, 2023 Cost Accumulated Amortization Net Cost Accumulated Amortization Net (in thousands) (in thousands) Customer relationships $ 538 $ (234) $ 304 $ 538 $ (180) $ 358 Covenants not to compete 1,133 (333) 800 1,025 (222) 803 $ 1,671 $ (567) $ 1,104 $ 1,563 $ (402) $ 1,161 Future amortization expense, as of July 31, 2023, is expected to be as follows: Fiscal Year Ended January 31, Amount (in thousands) 2024 (remainder) $ 173 2025 325 2026 282 2027 232 2028 92 Thereafter — $ 1,104 Indefinite-Lived Intangible Assets The Company's indefinite-lived intangible assets consist of distribution rights assets. The following is a summary of the changes in indefinite-lived intangible assets, by segment, for the six months ended July 31, 2023: Agriculture Construction Total (in thousands) January 31, 2023 $ 17,178 $ 72 $ 17,250 July 31, 2023 $ 17,178 $ 72 $ 17,250 Goodwill The following presents changes in the carrying amount of goodwill, by segment, for the six months ended July 31, 2023: Agriculture International Total (in thousands) January 31, 2023 $ 30,622 $ — $ 30,622 Arising from business combinations 69 471 540 Foreign currency translation — (5) (5) July 31, 2023 $ 30,691 $ 466 $ 31,157

LINES OF CREDIT _ FLOORPLAN PAY

LINES OF CREDIT / FLOORPLAN PAYABLE	6 Months Ended
	Jul. 31, 2023
Line of Credit Facility [Abstract]
LINES OF CREDIT / FLOORPLAN PAYABLE	FLOORPLAN PAYABLE/LINES OF CREDIT As of July 31, 2023, the Company had floorplan lines of credit totaling $781.0 million, which is primarily comprised of three floorplan lines of credit: (i) a $500.0 million credit facility with CNH Industrial, (ii) a $185.0 million line of credit under the Third Amended and Restated Credit Agreement (the "Bank Syndicate Agreement", and (iii) a $50.0 million credit facility with DLL Finance LLC. The Company's outstanding balances of floorplan lines of credit as of July 31, 2023 and January 31, 2023, consisted of the following: July 31, 2023 January 31, 2023 (in thousands) CNH Industrial $ 318,447 $ 177,337 Bank Syndicate Agreement Floorplan Loan 185,000 35,550 DLL Finance 37,739 9,914 Other outstanding balances with manufacturers and non-manufacturers 54,542 35,571 $ 595,728 $ 258,372 As of July 31, 2023, the interest-bearing U.S. floorplan payables carried a variable interest rate with a range of 6.72% to 11.00% compared to a range of 5.94% to 10.25% as of January 31, 2023. As of July 31, 2023, foreign floorplan payables carried a variable interest rate with a range of 5.36% to 6.17%, compared to a range of 4.16% to 4.96% as of January 31, 2023, on multiple lines of credit. The Company had non-interest-bearing floorplan payables of $360.4 million and $213.0 million, as of July 31, 2023 and January 31, 2023, respectively.

LONG TERM DEBT (Notes)

LONG TERM DEBT (Notes)	6 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG TERM DEBT The following is a summary of long-term debt as of July 31, 2023 and January 31, 2023: Description Maturity Dates Interest Rates July 31, 2023 January 31, 2023 (in thousands) Mortgage loans, secured Various through May 2039 2.1% to 7.3% $ 69,682 $ 68,689 Sale-leaseback financing obligations Various through December 2030 3.4% to 10.3% 10,658 11,252 Vehicle loans, secured Various through May 2029 2.1% to 6.8% 13,295 12,659 Other Various through July 2039 3.6% 4,591 4,591 Total debt 98,226 97,191 Less: current maturities 11,174 7,241 Long-term debt, net $ 87,052 $ 89,950

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (Notes)	6 Months Ended
	Jul. 31, 2023
Accumulated Other Comprehensive Income [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following is a summary of the changes in accumulated other comprehensive income (loss), by component, for the six month periods ended July 31, 2023 and July 31, 2022: Foreign Currency Translation Adjustment Net Investment Hedging Gain Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, January 31, 2023 $ (7,730) $ 2,711 $ (5,019) Other comprehensive income (loss) 1,096 — 1,096 Balance, April 30, 2023 (6,634) 2,711 (3,923) Other comprehensive income (loss) 550 550 Balance, July 31, 2023 $ (6,084) $ 2,711 $ (3,373) Foreign Currency Translation Adjustment Net Investment Hedging Gain Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, January 31, 2022 $ (4,883) $ 2,711 $ (2,172) Other comprehensive income (loss) (1,191) — (1,191) Balance, April 30, 2022 (6,074) 2,711 (3,363) Other comprehensive income (loss) (2,963) — (2,963) Balance, July 31, 2022 $ (9,037) $ 2,711 $ (6,326)

LEASES (Notes)

LEASES (Notes)	6 Months Ended
	Jul. 31, 2023
Leases [Abstract]
LEASES	LEASES As Lessor Revenue generated from leasing activities is disclosed, by segment, in Note 3. The following is the balance of our dedicated rental fleet assets, included in Property and equipment, net of accumulated depreciation in the condensed consolidated balance sheet, of our Construction segment as of July 31, 2023 and January 31, 2023: July 31, 2023 January 31, 2023 (in thousands) Rental fleet equipment $ 77,848 $ 75,386 Less accumulated depreciation 28,494 26,959 $ 49,354 $ 48,427

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jul. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE MEASUREMENTS As of July 31, 2023, 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, which is an income approach, utilizing readily observable market data as inputs, which is classified as a Level 2 fair value measurement. The Company also has financial instruments that are not recorded at fair value in the consolidated balance sheets, including cash, receivables, payables and long-term debt. The carrying amounts of these financial instruments approximated their fair values as of July 31, 2023 and January 31, 2023. The fair value of these financial instruments was estimated based on Level 2 fair value inputs. The estimated fair value of the Company's Level 2 long-term debt, which is provided for disclosure purposes only, is as follows: July 31, 2023 January 31, 2023 (in thousands) Carrying amount $ 82,977 $ 81,349 Fair value $ 72,939 $ 70,434

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jul. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES    Our effective tax rate was 24.7% for each of the three months ended July 31, 2023 and 2022 and was 24.3% and 25.1% for the six months ended July 31, 2023 and 2022, respectively. The effective tax rate for the three and six months ended July 31, 2023 and 2022 were subject to various other factors such as the impact of certain discrete items, mainly the vesting of share-based compensation, the mix of domestic and foreign income

BUSINESS COMBINATIONS (Notes)

BUSINESS COMBINATIONS (Notes)	6 Months Ended
	Jul. 31, 2023
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS Fiscal 2024 On June 1, 2023, the Company acquired certain assets of Midwest Truck Parts Inc., ("Midwest Truck"). The acquired business consists of one location in Dawson, Minnesota. This location is included in the Company's Agriculture segment. The total consideration transferred for the acquired business was $4.0 million paid in cash, which includes the purchase of the real estate. On May 1, 2023, the Company, through its German subsidiary, Titan Machinery Deutschland GmbH, acquired certain assets of MAREP GmbH ("MAREP") related to its full-service agriculture dealership business located in Mühlengeez and Radelübbe, Germany. Our acquisition of these assets from MAREP further expands our presence in the German market. The total consideration transferred for the acquired business was $4.4 million paid in cash, which includes the real estate of the Mühlengeez location. These locations are included in the Company's international segment. On February 1, 2023, the Company acquired certain assets of Pioneer Farm Equipment Co., ("Pioneer Farm Equipment"). The acquired business consists of five agriculture equipment stores in American Falls, Blackfoot, Idaho Falls, Rexburg, and Rupert, Idaho. These locations are included in the Company's Agriculture segment. The total consideration transferred for the acquired business was $19.5 million paid in cash, which includes $9.4 million for the purchase of the real estate. In connection with the acquisition, the Company acquired from CNH Industrial and certain other manufacturers equipment and parts inventory previously owned by Pioneer Farm Equipment Co. Upon acquiring these inventories, the Company was offered floorplan financing by the manufacturer. In total, the Company acquired inventory and recognized a corresponding liability of $12.7 million. The recognition of these inventories and associated financing liabilities are not included as part of the accounting for the business combination. Fiscal 2023 On August 1, 2022, the Company acquired all outstanding equity interests of three entities, Heartland Agriculture, LLC, Heartland Solutions, LLC, and Heartland Leveraged Lender, LLC, (collectively referred to as "Heartland Companies") for $94.4 million in cash consideration. The Heartland Companies consist of 12 CaseIH commercial application agriculture locations in the states of Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Washington, and Wisconsin. The Heartland Companies have been a successful CaseIH commercial application dealer group and our acquisition of these entities provides the Company the opportunity for synergies due to the overlap of our footprints, which will allow us to package deals that will include both commercial application equipment as well as other agricultural and construction equipment to commercial customers within our core footprint. These locations are included in the Company's Agriculture segment. In the most recently completed fiscal year prior to the acquisition, the Heartland Companies generated revenue of approximately $214 million. The Company incurred $1.1 million in acquisition-related expenses in connection with this acquisition, which are included in operating expenses in the condensed consolidated statement of operations. On April 1, 2022, the Company acquired certain assets of Mark's Machinery, Inc. The acquired business consisted of two agricultural equipment stores in Wagner and Yankton, South Dakota. These locations are included in the Company's Agriculture segment. The total cash consideration transferred for the acquired business was $7.7 million. In connection with the acquisition, the Company acquired from CNH Industrial and certain other manufacturers equipment and parts inventory previously owned by Mark's Machinery, Inc. Upon acquiring these inventories, the Company was offered floorplan financing by the respective manufacturers. In total, the Company acquired inventory and recognized a corresponding financing liability of $3.2 million. The recognition of these inventories and the associated financing liabilities are not included as part of the accounting for the business combination. Purchase Price Allocation Each of the above acquisitions have 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 purchase price allocation for all business combinations completed in the six months ended July 31, 2023 are preliminary as we finalize the valuation of our intangible assets acquired. The purchase price allocations for all business combinations completed in fiscal year 2023 are complete. The following table presents the purchase price allocations for all acquisitions completed during the fiscal year ended January 31, 2023 and the six months ended July 31, 2023: July 31, 2023 January 31, 2023 (in thousands) Assets acquired: Cash $ 4 $ 1,584 Receivables 885 9,485 Inventories 11,237 106,890 Prepaid expenses and other — 668 Property and equipment 16,659 24,292 Operating lease assets 148 3,928 Intangible assets — 8,017 Goodwill 540 21,670 Other $ 110 — 29,583 176,534 Liabilities assumed: Accounts payable — 18,547 Floorplan payable — 31,699 Current operating lease liabilities 58 541 Deferred revenue 1,499 7,039 Accrued expenses and other — 3,523 Long-term debt — 4,591 Operating lease liabilities 91 3,387 Other long-term liabilities — 5,152 1,648 74,479 Net assets acquired $ 27,935 $ 102,055 Goodwill recognized by segment: Agriculture $ 69 $ 21,670 International $ 471 $ — Goodwill expected to be deductible for tax purposes $ 540 $ 21,670 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 the business combinations completed during the six months ended July 31, 2023, the Company recognized a non-competition intangible asset of $0.1 million in its International segment, which will be amortized over a three year period. For the business combinations completed during the fiscal year ended January 31, 2023, the Company recognized a non-competition intangible asset of $0.8 million and a customer relationship intangible asset of $0.2 million. The distribution rights assets are indefinite-lived intangible assets not subject to amortization. The Company estimated the fair value of the intangible assets using a multi-period excess earnings model, which is an income approach. Acquisition related costs for the six month period ended July 31, 2023 amounted to $0.5 million, primarily related to the O'Connors, see Subsequent Event Note 18, acquisition. Acquisition related costs amounted to $1.1 million for the fiscal year ended January 31, 2023. All acquisition-related costs have been expensed as incurred and recognized as Operating Expenses in the condensed consolidated statements of operations. Pro Forma Information The following summarized unaudited pro forma condensed statement of operations information for the three months ended July 31, 2023 and 2022, assumes that the Heartland Companies acquisition occurred as of February 1, 2021. The Company prepared the following summarized unaudited pro forma financial results for comparative purposes only. The summarized unaudited pro forma information may not be indicative of the results that would have occurred had the Company completed the acquisition as of February 1, 2021 or that will be attained in the future. Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 (in thousands) Total Revenues $ 642,568 $ 561,194 $ 1,212,199 $ 1,117,622 Net Income $ 31,321 $ 27,523 $ 58,287 $ 51,904

CONTINGENCIES (Notes)

CONTINGENCIES (Notes)	6 Months Ended
	Jul. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	NOTE 16 - CONTINGENCIES The Company is engaged in legal 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 these various legal actions and claims will not have a material impact on its financial position, results of operations or cash flows. These matters, however, are subject to many uncertainties, and the outcome of any matter is not predictable.

SEGMENT INFORMATION AND OPERATI

SEGMENT INFORMATION AND OPERATING RESULTS	6 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION AND OPERATING RESULTS	SEGMENT INFORMATION The Company has three reportable segments: Agriculture, Construction and International. Revenue between segments is immaterial. The Company retains various unallocated income/(expense) items and assets at the general corporate level, which the Company refers to as “Shared Resources” in the table below. Shared Resources assets primarily consist of cash and property and equipment. Certain financial information for each of the Company’s business segments is set forth below. Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 (in thousands) (in thousands) Revenue Agriculture $ 469,069 $ 348,956 $ 892,266 $ 667,503 Construction 82,863 70,022 154,860 136,986 International 90,636 77,565 165,073 153,060 Total $ 642,568 $ 496,543 $ 1,212,199 $ 957,549 Income (Loss) Before Income Taxes Agriculture $ 33,029 $ 24,895 $ 57,181 $ 41,344 Construction 5,156 3,923 9,689 7,132 International 5,568 5,870 11,952 10,195 Segment income before income taxes 43,753 34,688 78,822 58,671 Shared Resources (2,162) (1,538) (1,790) (1,937) Total $ 41,591 $ 33,150 $ 77,032 $ 56,734 July 31, 2023 January 31, 2023 (in thousands) Total Assets Agriculture $ 985,419 $ 788,265 Construction 224,478 187,739 International 242,177 170,647 Segment assets 1,452,074 1,146,651 Shared Resources 64,942 42,044 Total $ 1,517,016 $ 1,188,695

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 31, 2023	Apr. 30, 2023	Jul. 31, 2022	Apr. 30, 2022	Jul. 31, 2023	Jul. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 31,321	$ 26,965	$ 24,959	$ 17,540	$ 58,287	$ 42,499

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false

BUSINESS ACTIVITY AND SIGNIFI_2

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s agriculture, construction and international customers. Therefore, operating results for the six-months ended July 31, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2024. The information contained in the consolidated balance sheet as of January 31, 2023 was derived from the audited consolidated financial statements of the Company for the fiscal year then ended. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2023 as filed with the SEC.
Estimates	Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, impairment of long-lived assets, goodwill, or indefinite lived intangible assets, collectability of receivables, and income taxes.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation. Recently Adopted Accounting Guidance In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2022-04, Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This new standard requires that the buyer in a supplier finance program discloses information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a rollforward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. This ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the disclosure of rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption of this ASU is permitted. Entities must apply the amendments of this ASU retrospectively to all periods in which a balance sheet is presented, with the exception of the amendment on disclosure of rollforward information, which entities only need to apply prospectively. On February 1st, 2023 we adopted ASU No. 2022-04 with no impact to our consolidated financial statements. The Company has agreements with financial institutions to facilitate the purchase of inventory from designated suppliers under certain terms and conditions. Under these agreements, the Company receives extended payment terms and agrees to pay the financial institution a stated amount of confirmed invoices from its designated suppliers. The Company may incur interest in accordance with the terms of the agreements. Additionally, the Company has no involvement in establishing the terms or conditions of the arrangements between its suppliers and the financial institution.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the calculation of basic and diluted earnings per share (EPS): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 (in thousands, except per share data) Numerator: Net income $ 31,321 $ 24,959 $ 58,287 $ 42,499 Allocation to participating securities (400) (291) (689) (502) Net income attributable to Titan Machinery Inc. common stockholders $ 30,921 $ 24,668 $ 57,598 $ 41,997 Denominator: Basic weighted-average common shares outstanding 22,476 22,387 22,474 22,350 Plus: incremental shares from vesting of restricted stock units 8 5 6 7 Diluted weighted-average common shares outstanding 22,484 22,392 22,480 22,357 Earnings Per Share: Basic $ 1.38 $ 1.10 $ 2.56 $ 1.88 Diluted $ 1.38 $ 1.10 $ 2.56 $ 1.88

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables present our revenue disaggregated by revenue source and segment: Three Months Ended July 31, 2023 Six Months Ended July 31, 2023 Agriculture Construction International Total Agriculture Construction International Total (in thousands) (in thousands) Equipment $ 352,533 $ 53,697 $ 73,892 $ 480,122 $ 678,193 $ 99,155 $ 132,150 $ 909,498 Parts 82,246 12,537 13,727 108,510 151,793 26,202 27,121 205,116 Service 32,526 7,347 2,605 42,478 58,793 13,683 4,935 77,411 Other 1,235 588 193 2,016 2,402 948 552 3,902 Revenue from contracts with customers 468,540 74,169 90,417 633,126 891,181 139,988 164,758 1,195,927 Rental 529 8,694 219 9,442 1,085 14,872 315 16,272 Total revenue $ 469,069 $ 82,863 $ 90,636 $ 642,568 $ 892,266 $ 154,860 $ 165,073 $ 1,212,199 Three Months Ended July 31, 2022 Six Months Ended July 31, 2022 Agriculture Construction International Total Agriculture Construction International Total (in thousands) (in thousands) Equipment $ 270,472 $ 43,184 $ 61,560 $ 375,216 $ 521,565 $ 87,002 $ 123,015 $ 731,582 Parts 52,548 11,816 13,329 77,693 97,054 23,879 25,322 146,255 Service 24,730 6,302 2,333 33,365 46,683 12,125 4,079 62,887 Other 880 500 246 1,626 1,679 803 451 2,933 Revenue from contracts with customers 348,630 61,802 77,468 487,900 666,981 123,809 152,867 943,657 Rental 326 8,220 97 8,643 522 13,177 193 13,892 Total revenue $ 348,956 $ 70,022 $ 77,565 $ 496,543 $ 667,503 $ 136,986 $ 153,060 $ 957,549

RECEIVABLES (Tables)

RECEIVABLES (Tables)	6 Months Ended
	Jul. 31, 2023
Receivables [Abstract]
Schedule of Receivables	July 31, 2023 January 31, 2023 (in thousands) Trade and unbilled receivables from contracts with customers Trade receivables due from customers $ 57,220 $ 47,298 Unbilled receivables 32,110 19,764 Less allowance for expected credit losses 3,251 3,080 86,079 63,982 Trade receivables due from finance companies 17,556 11,212 Trade and unbilled receivables from rental contracts Trade receivables 3,804 3,629 Unbilled receivables 1,076 776 Less allowance for expected credit losses 436 360 4,444 4,045 Other receivables Due from manufacturers 10,766 15,007 Other 908 1,598 11,674 16,605 Receivables, net of allowance for expected credit losses $ 119,753 $ 95,844
Accounts Receivable, Allowance for Credit Loss	Following is a summary of allowance for credit losses on trade and unbilled accounts receivable by segment: Agriculture Construction International Total (in thousands) Balance at January 31, 2023 $ 367 $ 124 $ 2,589 $ 3,080 Current expected credit loss (benefit) provision (15) 123 244 352 Write-offs charged against allowance 143 56 53 252 Credit loss recoveries collected 13 1 42 56 Foreign exchange impact — — 15 15 Balance at July 31, 2023 $ 222 $ 192 $ 2,837 $ 3,251 Agriculture Construction International Total (in thousands) Balance at January 31, 2022 $ 244 $ 193 $ 1,542 $ 1,979 Current expected credit loss provision 79 35 846 960 Write-offs (recoveries) charged against allowance 30 97 61 188 Credit loss recoveries collected 16 4 — 20 Foreign exchange impact — — (49) (49) Balance at July 31, 2022 $ 309 $ 135 $ 2,278 $ 2,722
Impaired Financing Receivables	The following table presents impairment losses (recoveries) on receivables arising from sales contracts with customers and receivables arising from rental contracts reflected in Operating Expenses in the Condensed Consolidated Statements of Operations: Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 (in thousands) Impairment losses on: Receivables from sales contracts $ 69 $ 186 $ 351 $ 999 Receivables from rental contracts 71 43 123 32 $ 140 $ 229 $ 474 $ 1,031

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jul. 31, 2023
Inventory Disclosure [Abstract]
Schedule of inventories	July 31, 2023 January 31, 2023 (in thousands) New equipment $ 598,926 $ 369,828 Used equipment 194,730 164,761 Parts and attachments 179,527 164,553 Work in process 6,244 4,797 $ 979,427 $ 703,939

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	PROPERTY AND EQUIPMENT July 31, 2023 January 31, 2023 (in thousands) Rental fleet equipment $ 77,848 $ 75,386 Machinery and equipment 31,241 27,220 Vehicles 87,816 80,122 Furniture and fixtures 56,069 53,937 Land, buildings, and leasehold improvements 169,601 140,773 422,575 377,438 Less accumulated depreciation 170,388 159,656 $ 252,187 $ 217,782

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Other (Tables)	6 Months Ended
	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The following is a summary of the changes in indefinite-lived intangible assets, by segment, for the six months ended July 31, 2023: Agriculture Construction Total (in thousands) January 31, 2023 $ 17,178 $ 72 $ 17,250 July 31, 2023 $ 17,178 $ 72 $ 17,250
Schedule of Intangible Assets and Goodwill [Table Text Block]	The following presents changes in the carrying amount of goodwill, by segment, for the six months ended July 31, 2023: Agriculture International Total (in thousands) January 31, 2023 $ 30,622 $ — $ 30,622 Arising from business combinations 69 471 540 Foreign currency translation — (5) (5) July 31, 2023 $ 30,691 $ 466 $ 31,157

LINES OF CREDIT _ FLOORPLAN P_2

LINES OF CREDIT / FLOORPLAN PAYABLE Summary of Outstanding Amounts (Tables)	6 Months Ended
	Jul. 31, 2023
Line of Credit Facility [Abstract]
Schedule of Line of Credit Facilities	July 31, 2023 January 31, 2023 (in thousands) CNH Industrial $ 318,447 $ 177,337 Bank Syndicate Agreement Floorplan Loan 185,000 35,550 DLL Finance 37,739 9,914 Other outstanding balances with manufacturers and non-manufacturers 54,542 35,571 $ 595,728 $ 258,372

LONG TERM DEBT (Tables)

LONG TERM DEBT (Tables)	6 Months Ended
	Jul. 31, 2023
Debt Instrument [Line Items]
Schedule of Long-term Debt	The following is a summary of long-term debt as of July 31, 2023 and January 31, 2023: Description Maturity Dates Interest Rates July 31, 2023 January 31, 2023 (in thousands) Mortgage loans, secured Various through May 2039 2.1% to 7.3% $ 69,682 $ 68,689 Sale-leaseback financing obligations Various through December 2030 3.4% to 10.3% 10,658 11,252 Vehicle loans, secured Various through May 2029 2.1% to 6.8% 13,295 12,659 Other Various through July 2039 3.6% 4,591 4,591 Total debt 98,226 97,191 Less: current maturities 11,174 7,241 Long-term debt, net $ 87,052 $ 89,950

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME AOCI (Tables)	6 Months Ended
	Jul. 31, 2023
Accumulated Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following is a summary of the changes in accumulated other comprehensive income (loss), by component, for the six month periods ended July 31, 2023 and July 31, 2022: Foreign Currency Translation Adjustment Net Investment Hedging Gain Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, January 31, 2023 $ (7,730) $ 2,711 $ (5,019) Other comprehensive income (loss) 1,096 — 1,096 Balance, April 30, 2023 (6,634) 2,711 (3,923) Other comprehensive income (loss) 550 550 Balance, July 31, 2023 $ (6,084) $ 2,711 $ (3,373) Foreign Currency Translation Adjustment Net Investment Hedging Gain Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, January 31, 2022 $ (4,883) $ 2,711 $ (2,172) Other comprehensive income (loss) (1,191) — (1,191) Balance, April 30, 2022 (6,074) 2,711 (3,363) Other comprehensive income (loss) (2,963) — (2,963) Balance, July 31, 2022 $ (9,037) $ 2,711 $ (6,326)

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Rental Fleet Assets	The following is the balance of our dedicated rental fleet assets, included in Property and equipment, net of accumulated depreciation in the condensed consolidated balance sheet, of our Construction segment as of July 31, 2023 and January 31, 2023: July 31, 2023 January 31, 2023 (in thousands) Rental fleet equipment $ 77,848 $ 75,386 Less accumulated depreciation 28,494 26,959 $ 49,354 $ 48,427

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jul. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Disclosure of Asset and Liability Not Measured at Fair Value	The estimated fair value of the Company's Level 2 long-term debt, which is provided for disclosure purposes only, is as follows: July 31, 2023 January 31, 2023 (in thousands) Carrying amount $ 82,977 $ 81,349 Fair value $ 72,939 $ 70,434

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2023	Jan. 31, 2023
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following table presents the purchase price allocations for all acquisitions completed during the fiscal year ended January 31, 2023 and the six months ended July 31, 2023: July 31, 2023 January 31, 2023 (in thousands) Assets acquired: Cash $ 4 $ 1,584 Receivables 885 9,485 Inventories 11,237 106,890 Prepaid expenses and other — 668 Property and equipment 16,659 24,292 Operating lease assets 148 3,928 Intangible assets — 8,017 Goodwill 540 21,670 Other $ 110 — 29,583 176,534 Liabilities assumed: Accounts payable — 18,547 Floorplan payable — 31,699 Current operating lease liabilities 58 541 Deferred revenue 1,499 7,039 Accrued expenses and other — 3,523 Long-term debt — 4,591 Operating lease liabilities 91 3,387 Other long-term liabilities — 5,152 1,648 74,479 Net assets acquired $ 27,935 $ 102,055 Goodwill recognized by segment: Agriculture $ 69 $ 21,670 International $ 471 $ — Goodwill expected to be deductible for tax purposes $ 540 $ 21,670
Business Combination, Recognized Identifiable Asset Acquired And Liability Assumed, Operating Lease Liability, Current	$ 58	$ 541
Business Combination, Recognized Identifiable Asset Acquired And Liability Assumed, Operating Lease Liability, Noncurrent	91	3,387
Business Combination, Recognized Identifiable Asset Acquired And Liability Assumed, Operating Lease Assets	148	3,928
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	$ 1,648	$ 74,479

SEGMENT INFORMATION AND OPERA_2

SEGMENT INFORMATION AND OPERATING RESULTS (Tables)	6 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Schedule of financial information of business segments	Certain financial information for each of the Company’s business segments is set forth below. Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 (in thousands) (in thousands) Revenue Agriculture $ 469,069 $ 348,956 $ 892,266 $ 667,503 Construction 82,863 70,022 154,860 136,986 International 90,636 77,565 165,073 153,060 Total $ 642,568 $ 496,543 $ 1,212,199 $ 957,549 Income (Loss) Before Income Taxes Agriculture $ 33,029 $ 24,895 $ 57,181 $ 41,344 Construction 5,156 3,923 9,689 7,132 International 5,568 5,870 11,952 10,195 Segment income before income taxes 43,753 34,688 78,822 58,671 Shared Resources (2,162) (1,538) (1,790) (1,937) Total $ 41,591 $ 33,150 $ 77,032 $ 56,734 July 31, 2023 January 31, 2023 (in thousands) Total Assets Agriculture $ 985,419 $ 788,265 Construction 224,478 187,739 International 242,177 170,647 Segment assets 1,452,074 1,146,651 Shared Resources 64,942 42,044 Total $ 1,517,016 $ 1,188,695

BUSINESS ACTIVITY AND SIGNIFI_3

BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Jul. 31, 2023	Jan. 31, 2023
Accounting Policies [Abstract]
Supplier Finance Program, Obligation	$ 42,100,000	$ 13,000,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 31, 2023	Apr. 30, 2023	Jul. 31, 2022	Apr. 30, 2022	Jul. 31, 2023	Jul. 31, 2022
Earnings Per Share [Abstract]
Net Income (Loss) Attributable to Parent	$ 31,321	$ 26,965	$ 24,959	$ 17,540	$ 58,287	$ 42,499
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic	400		291		689	502
Net Income (Loss) Available to Common Stockholders, Basic	$ 30,921		$ 24,668		$ 57,598	$ 41,997
Basic weighted-average common shares outstanding	22,476		22,387		22,474	22,350
Weighted Average Number Diluted Shares Outstanding Adjustment	8		5		6	7
Weighted Average Number of Shares Outstanding, Diluted	22,484		22,392		22,480	22,357
Earnings Per Share, Basic	$ 1.38		$ 1.10		$ 2.56	$ 1.88
Earnings Per Share, Diluted	$ 1.38		$ 1.10		$ 2.56	$ 1.88

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 642,568	$ 496,543	$ 1,212,199	$ 957,549
Revenue from Contracts with Customers [Member]
Disaggregation of Revenue [Line Items]
Revenue	633,126	487,900	1,195,927	943,657
Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,016	1,626	3,902	2,933
Service
Disaggregation of Revenue [Line Items]
Revenue	42,478	33,365	77,411	62,887
Parts
Disaggregation of Revenue [Line Items]
Revenue	108,510	77,693	205,116	146,255
Equipment
Disaggregation of Revenue [Line Items]
Revenue	480,122	375,216	909,498	731,582
Rental
Disaggregation of Revenue [Line Items]
Revenues	9,442	8,643	16,272	13,892
Operating Segments [Member] | Agricultural Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	469,069	348,956	892,266	667,503
Operating Segments [Member] | Agricultural Segment [Member] | Revenue from Contracts with Customers [Member]
Disaggregation of Revenue [Line Items]
Revenue	468,540	348,630	891,181	666,981
Operating Segments [Member] | Agricultural Segment [Member] | Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,235	880	2,402	1,679
Operating Segments [Member] | Agricultural Segment [Member] | Service
Disaggregation of Revenue [Line Items]
Revenue	32,526	24,730	58,793	46,683
Operating Segments [Member] | Agricultural Segment [Member] | Parts
Disaggregation of Revenue [Line Items]
Revenue	82,246	52,548	151,793	97,054
Operating Segments [Member] | Agricultural Segment [Member] | Equipment
Disaggregation of Revenue [Line Items]
Revenue	352,533	270,472	678,193	521,565
Operating Segments [Member] | Agricultural Segment [Member] | Rental
Disaggregation of Revenue [Line Items]
Revenues	529	326	1,085	522
Operating Segments [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenues	90,636	77,565	165,073	153,060
Operating Segments [Member] | International [Member] | Revenue from Contracts with Customers [Member]
Disaggregation of Revenue [Line Items]
Revenue	90,417	77,468	164,758	152,867
Operating Segments [Member] | International [Member] | Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue	193	246	552	451
Operating Segments [Member] | International [Member] | Service
Disaggregation of Revenue [Line Items]
Revenue	2,605	2,333	4,935	4,079
Operating Segments [Member] | International [Member] | Parts
Disaggregation of Revenue [Line Items]
Revenue	13,727	13,329	27,121	25,322
Operating Segments [Member] | International [Member] | Equipment
Disaggregation of Revenue [Line Items]
Revenue	73,892	61,560	132,150	123,015
Operating Segments [Member] | International [Member] | Rental
Disaggregation of Revenue [Line Items]
Revenues	219	97	315	193
Operating Segments [Member] | Construction Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	82,863	70,022	154,860	136,986
Operating Segments [Member] | Construction Segment [Member] | Revenue from Contracts with Customers [Member]
Disaggregation of Revenue [Line Items]
Revenue	74,169	61,802	139,988	123,809
Operating Segments [Member] | Construction Segment [Member] | Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue	588	500	948	803
Operating Segments [Member] | Construction Segment [Member] | Service
Disaggregation of Revenue [Line Items]
Revenue	7,347	6,302	13,683	12,125
Operating Segments [Member] | Construction Segment [Member] | Parts
Disaggregation of Revenue [Line Items]
Revenue	12,537	11,816	26,202	23,879
Operating Segments [Member] | Construction Segment [Member] | Equipment
Disaggregation of Revenue [Line Items]
Revenue	53,697	43,184	99,155	87,002
Operating Segments [Member] | Construction Segment [Member] | Rental
Disaggregation of Revenue [Line Items]
Revenues	$ 8,694	$ 8,220	$ 14,872	$ 13,177

REVENUE Unbilled Receivables (D

REVENUE Unbilled Receivables (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Revenue from Contract with Customer [Abstract]
Unbilled Receivables, Current	$ 32,100	$ 19,800

REVENUE Deferred Revenue (Detai

REVENUE Deferred Revenue (Details) - USD ($)	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Revenue Recognized	$ 107,700,000	$ 105,100,000
Deferred Revenue from Contracts with Customers [Member]
Deferred Revenue Arrangement [Line Items]
Deferred Revenue	$ 62,000,000		$ 118,100,000

RECEIVABLES (Details)

RECEIVABLES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue from Contracts with Customers, Impairment Loss	$ 69	$ 186	$ 351	$ 999
Rental Contract, Impairment Loss	71	43	123	32
Accounts Receivable, Allowance for Credit Loss					$ (3,080)	$ (1,979)
Accounts Receivable, after Allowance for Credit Loss, Current	119,753		119,753		95,844
Unbilled Receivables, Current	32,100		32,100		19,800
Accounts Receivable, Allowance for Credit Loss, Writeoff			252	188
Accounts Receivable, Credit Loss Expense (Reversal)			352	960
Accounts Receivable, Allowance for Credit Loss, Recovery			56	20
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation			15	(49)
Impaired Financing Receivables	140	229	474	1,031
Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss	(3,251)	(2,722)	(3,251)	(2,722)
Trade Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, before Allowance for Credit Loss, Current	57,220		57,220		47,298
Unbilled Receivables from Operating Leases and Rental Contracts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, before Allowance for Credit Loss, Current	1,076		1,076		776
Accounts Receivable, Allowance for Credit Loss	(3,251)		(3,251)		(3,080)
Accounts Receivable, after Allowance for Credit Loss, Current	86,079		86,079		63,982
Unbilled Receivables, Current	32,110		32,110		19,764
Trade Receivables due from Finance Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, before Allowance for Credit Loss, Current	17,556		17,556		11,212
Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, before Allowance for Credit Loss, Current	3,804		3,804		3,629
Receivables due from Manufacturers [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, before Allowance for Credit Loss, Current	10,766		10,766		15,007
Other Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, before Allowance for Credit Loss, Current	908		908		1,598
Accounts Receivable, after Allowance for Credit Loss, Current	11,674		11,674		16,605
Trade And Unbilled Receivables From Rental Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss	(436)		(436)		(360)
Accounts Receivable, after Allowance for Credit Loss, Current	4,444		4,444		4,045
Agricultural Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss	(222)	(309)	(222)	(309)	(367)	(244)
Accounts Receivable, Allowance for Credit Loss, Writeoff			143	30
Accounts Receivable, Credit Loss Expense (Reversal)			(15)	79
Accounts Receivable, Allowance for Credit Loss, Recovery			13	16
International [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss	(2,837)	(2,278)	(2,837)	(2,278)	(2,589)	(1,542)
Accounts Receivable, Allowance for Credit Loss, Writeoff			53	61
Accounts Receivable, Credit Loss Expense (Reversal)			244	846
Accounts Receivable, Allowance for Credit Loss, Recovery			42	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation			15	(49)
Construction Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss	$ (192)	$ (135)	(192)	(135)	$ (124)	$ (193)
Accounts Receivable, Allowance for Credit Loss, Writeoff			56	97
Accounts Receivable, Credit Loss Expense (Reversal)			123	35
Accounts Receivable, Allowance for Credit Loss, Recovery			$ 1	$ 4

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Inventory Disclosure [Abstract]
New equipment	$ 598,926	$ 369,828
Used equipment	194,730	164,761
Parts and attachments	179,527	164,553
Work in process	6,244	4,797
Inventories	$ 979,427	$ 703,939

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
PROPERTY AND EQUIPMENT
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	$ 422,575	$ 377,438
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Accumulated Depreciation and Amortization	170,388	159,656
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization, Total	252,187	217,782
Rental fleet equipment
PROPERTY AND EQUIPMENT
Property and equipment, gross	77,848	75,386
Machinery and equipment
PROPERTY AND EQUIPMENT
Property and equipment, gross	31,241	27,220
Vehicles
PROPERTY AND EQUIPMENT
Property and equipment, gross	87,816	80,122
Furniture and fixtures
PROPERTY AND EQUIPMENT
Property and equipment, gross	56,069	53,937
Land, Buildings and Improvements
PROPERTY AND EQUIPMENT
Property and equipment, gross	$ 169,601	$ 140,773

PROPERTY AND EQUIPMENT Deprecia

PROPERTY AND EQUIPMENT Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
PROPERTY AND EQUIPMENT
Cost, Depreciation	$ 2,200	$ 2,000	$ 3,900	$ 3,500
Depreciation, Nonproduction	$ 5,200	$ 3,600	$ 10,000	$ 7,100

Intangible Assets, Goodwill a_3

Intangible Assets, Goodwill and Other (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2023	Jan. 31, 2023
Indefinite-lived Intangible Assets [Line Items]
Other Indefinite-lived Intangible Assets	$ 17,250	$ 17,250
Goodwill [Line Items]
Goodwill	31,157	30,622
Goodwill, Acquired During Period	540
Goodwill, Foreign Currency Translation Gain (Loss)	(5)
Agricultural Segment [Member]
Indefinite-lived Intangible Assets [Line Items]
Other Indefinite-lived Intangible Assets	17,178	17,178
Goodwill [Line Items]
Goodwill	30,691	30,622
Goodwill, Acquired During Period	69
Goodwill, Foreign Currency Translation Gain (Loss)	0
Construction Segment [Member]
Indefinite-lived Intangible Assets [Line Items]
Other Indefinite-lived Intangible Assets	72	72
International [Member]
Goodwill [Line Items]
Goodwill	466	$ 0
Goodwill, Acquired During Period	471
Goodwill, Foreign Currency Translation Gain (Loss)	$ (5)

LINES OF CREDIT _ FLOORPLAN P_3

LINES OF CREDIT / FLOORPLAN PAYABLE (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Floorplan Notes Payable	$ 595,728	$ 258,372
Floorplan Line of Credit
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Amount outstanding	595,728	258,372
Non-Interest Bearing Floorplan Line of Credit [Member]
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Floorplan Notes Payable	360,400	$ 213,000
Credit Facility
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	$ 781,000
Credit Facility | Non-US [Member]
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Debt Instrument, Interest Rate, Stated Percentage	5.36%	4.16%
Credit Facility | U.S.
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Debt Instrument, Interest Rate, Stated Percentage	6.72%	5.94%
Credit Facility | Maximum [Member] | Non-US [Member]
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Debt Instrument, Interest Rate, Stated Percentage	6.17%	4.96%
Credit Facility | Maximum [Member] | U.S.
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Debt Instrument, Interest Rate, Stated Percentage	11%	10.25%
CNH Industrial Capital Credit Facility | Credit Facility
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	$ 500,000
DLL Finance LLC [Member] | Credit Facility
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	50,000
Bank Syndicate [Domain] | Credit Facility
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Maximum borrowing capacity	185,000
CNH Industrial Capital Credit Facility | Floorplan Line of Credit
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Amount outstanding	318,447	$ 177,337
Bank Syndicate [Domain] | Floorplan Line of Credit
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Amount outstanding	185,000	35,550
DLL Finance LLC [Member] | Floorplan Line of Credit
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Amount outstanding	37,739	9,914
Other Affiliates [Member] | Floorplan Line of Credit
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE
Amount outstanding	$ 54,542	$ 35,571

LONG TERM DEBT (Details)

LONG TERM DEBT (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Debt Instrument [Line Items]
Long-term Debt	$ 98,226	$ 97,191
Current maturities of long-term debt	11,174	7,241
Long-term debt, less current maturities	87,052	89,950
Mortgages
Debt Instrument [Line Items]
Notes and Loans Payable	69,682	68,689
Sale-leaseback Financing Obligation
Debt Instrument [Line Items]
Notes and Loans Payable	10,658	11,252
Secured Debt
Debt Instrument [Line Items]
Notes and Loans Payable	13,295	12,659
Loans Payable
Debt Instrument [Line Items]
Long-term Debt	82,977	81,349
Notes and Loans Payable	$ 4,591	$ 4,591

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details 1) $ in Thousands	Jul. 31, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	$ 5,100

DERIVATIVE INSTRUMENTS DERIVATE

DERIVATIVE INSTRUMENTS DERIVATE INSTRUMENTS (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Foreign currency contracts | Not designated as hedging instruments
Derivative Instruments, Gain (Loss)
Foreign currency contract gain (loss)	$ 21	$ 0	$ (39)	$ 0

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Apr. 30, 2023	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2023	Jan. 31, 2022
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (6,084)	$ (6,634)	$ (9,037)	$ (6,074)	$ (7,730)	$ (4,883)
Derivatives used in Net Investment Hedge, Net of Tax	2,711	2,711	2,711	2,711	2,711	2,711
Accumulated Other Comprehensive Income (Loss), Net of Tax	(3,373)	(3,923)	(6,326)	(3,363)	$ (5,019)	$ (2,172)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	550	1,096	(2,963)	(1,191)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ 550	$ 1,096	$ (2,963)	$ (1,191)

LEASES (Details)

LEASES (Details) - Rental Fleet Equipment [Member] - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 77,848	$ 75,386
Construction Segment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, net of accumulated depreciation	49,354	48,427
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	28,494	26,959
Property and equipment, gross	$ 77,848	$ 75,386

LEASES ROU Assets and Lease Lia

LEASES ROU Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Leases [Abstract]
Operating lease assets	$ 44,241	$ 50,206
Current operating lease liabilities	9,533	9,855
Operating Lease, Liability, Noncurrent	$ 42,168	$ 48,513

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Fair Value Disclosures [Abstract]
Long-term Debt, Fair Value	$ 72,939	$ 70,434
Long-term Debt	98,226	97,191
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt	98,226	97,191
Loans Payable
Fair Value Disclosures [Abstract]
Long-term Debt	82,977	81,349
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt	$ 82,977	$ 81,349

INCOME TAXES INCOME TAXES (Deta

INCOME TAXES INCOME TAXES (Details)	3 Months Ended	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2023	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	(24.70%)	(24.30%)	(25.10%)

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023	Aug. 01, 2022	Apr. 01, 2022
Business Acquisition [Line Items]
Cash Acquired from Acquisition		$ 4,000		$ 1,584,000
Business Combination, Acquired Receivable, Fair Value		885,000		9,485,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		11,237,000		106,890,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets		0		668,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		16,659,000		24,292,000
Business Combination, Recognized Identifiable Asset Acquired And Liability Assumed, Operating Lease Assets		148,000		3,928,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		0		8,017,000
Business Acquisition, Goodwill, Expected Tax Deductible Amount		540,000		21,670,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		29,583,000		176,534,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		0		18,547,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities		0		31,699,000
Business Combination, Recognized Identifiable Asset Acquired And Liability Assumed, Operating Lease Liability, Current		58,000		541,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue		1,499,000		7,039,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other		0		3,523,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		0		4,591,000
Business Combination, Recognized Identifiable Asset Acquired And Liability Assumed, Operating Lease Liability, Noncurrent		91,000		3,387,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other		0		5,152,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		1,648,000		74,479,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		27,935,000		102,055,000	$ 94,400,000	$ 7,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		110,000		0
Business Acquisition, Pro Forma Revenue	$ 561,194,000	1,212,199,000	$ 1,117,622,000
Business Acquisition, Pro Forma Net Income (Loss)	$ 27,523,000	58,287,000	$ 51,904,000
Agricultural Segment [Member]
Business Acquisition [Line Items]
Business Acquisition, Goodwill, Expected Tax Deductible Amount		69,000		21,670,000
International [Member]
Business Acquisition [Line Items]
Business Acquisition, Goodwill, Expected Tax Deductible Amount		$ 471,000		$ 0

SEGMENT INFORMATION AND OPERA_3

SEGMENT INFORMATION AND OPERATING RESULTS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2023 USD ($) segment	Jul. 31, 2022 USD ($)	Jan. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
SEGMENT INFORMATION AND OPERATING RESULTS
Revenue	$ 642,568	$ 496,543	$ 1,212,199	$ 957,549
Income (Loss) Before Income Taxes	41,591	33,150	77,032	56,734
Total Assets	1,517,016		1,517,016		$ 1,188,695
Shared Resources
SEGMENT INFORMATION AND OPERATING RESULTS
Income (Loss) Before Income Taxes	(2,162)	(1,538)	(1,790)	(1,937)
Total Assets	64,942		64,942		42,044
Operating Segments
SEGMENT INFORMATION AND OPERATING RESULTS
Income (Loss) Before Income Taxes	43,753	34,688	78,822	58,671
Total Assets	1,452,074		1,452,074		1,146,651
Operating Segments | Agricultural Segment [Member]
SEGMENT INFORMATION AND OPERATING RESULTS
Revenue	469,069	348,956	892,266	667,503
Income (Loss) Before Income Taxes	33,029	24,895	57,181	41,344
Total Assets	985,419		985,419		788,265
Operating Segments | Construction Segment [Member]
SEGMENT INFORMATION AND OPERATING RESULTS
Revenue	82,863	70,022	154,860	136,986
Income (Loss) Before Income Taxes	5,156	3,923	9,689	7,132
Total Assets	224,478		224,478		187,739
Operating Segments | International [Member]
SEGMENT INFORMATION AND OPERATING RESULTS
Revenue	90,636	77,565	165,073	153,060
Income (Loss) Before Income Taxes	5,568	$ 5,870	11,952	$ 10,195
Total Assets	$ 242,177		$ 242,177		$ 170,647