0001409171-16-000113.txt : 20160602 0001409171-16-000113.hdr.sgml : 20160602 20160602101107 ACCESSION NUMBER: 0001409171-16-000113 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 59 CONFORMED PERIOD OF REPORT: 20160430 FILED AS OF DATE: 20160602 DATE AS OF CHANGE: 20160602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Titan Machinery Inc. CENTRAL INDEX KEY: 0001409171 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 450357838 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33866 FILM NUMBER: 161691459 BUSINESS ADDRESS: STREET 1: 644 EAST BEATON DRIVE CITY: WEST FARGO STATE: ND ZIP: 58078 BUSINESS PHONE: (701) 356-0130 MAIL ADDRESS: STREET 1: 644 EAST BEATON DRIVE CITY: WEST FARGO STATE: ND ZIP: 58078 10-Q 1 a10qfy17q1.htm 10-Q Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
 
 
FORM 10-Q
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
For the quarterly period ended April 30, 2016
 
Commission File No. 001-33866
 
TITAN MACHINERY INC.
(Exact name of registrant as specified in its charter)
 
Delaware
 
No. 45-0357838
(State or Other Jurisdiction of
Incorporation or Organization)
 
(IRS Employer
Identification No.)
 
644 East Beaton Drive
West Fargo, ND 58078-2648
(Address of Principal Executive Offices)
 
Registrant’s telephone number (701) 356-0130
 
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  YES  x    NO  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  YES  x    NO  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  o
 
Accelerated filer  x
 
 
 
Non-accelerated filer  o
 
Smaller reporting company  o
(Do not check if smaller reporting company)
 
 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  YES o    NO  x
 
The number of shares outstanding of the registrant’s common stock as of May 16, 2016 was: Common Stock, $0.00001 par value, 21,587,727 shares.



TITAN MACHINERY INC.
QUARTERLY REPORT ON FORM 10-Q
 
Table of Contents

 
 
Page No.
PART I.
FINANCIAL INFORMATION
ITEM 1.
FINANCIAL STATEMENTS
 
Consolidated Balance Sheets as of April 30, 2016 and January 31, 2016
 
Consolidated Statements of Operations for the three months ended April 30, 2016 and 2015
 
Consolidated Statements of Comprehensive Income (Loss) for the three months ended April 30, 2016 and 2015
 
Consolidated Statements of Stockholders' Equity for the three months ended April 30, 2016 and 2015
 
Consolidated Statements of Cash Flows for the three months ended April 30, 2016 and 2015
 
Notes to Consolidated Financial Statements
ITEM 2.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 4.
CONTROLS AND PROCEDURES
PART II.
OTHER INFORMATION
ITEM 1.
LEGAL PROCEEDINGS
ITEM 1A.
RISK FACTORS
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES
ITEM 4.
MINE SAFETY DISCLOSURES
ITEM 5.
OTHER INFORMATION
ITEM 6.
EXHIBITS
Signatures
 
Exhibit Index
 

2


PART I. — FINANCIAL INFORMATION
 
ITEM 1.                FINANCIAL STATEMENTS
 
TITAN MACHINERY INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
 
April 30, 2016
 
January 31, 2016
 
(Unaudited)
 
 
Assets


 
 
Current Assets
 
 
 
Cash
$
63,782

 
$
89,465

Receivables (net of allowance of $3,768 and $3,591 as of April 30, 2016 and January 31, 2016, respectively)
55,389

 
56,552

Inventories
684,829

 
689,464

Prepaid expenses and other
6,686

 
9,753

Income taxes receivable
11,862

 
13,011

Total current assets
822,548

 
858,245

Noncurrent Assets
 
 
 
Intangible assets, net of accumulated amortization
5,091

 
5,134

Property and equipment, net of accumulated depreciation
177,082

 
183,179

Other
1,322

 
1,317

Total noncurrent assets
183,495

 
189,630

Total Assets
$
1,006,043

 
$
1,047,875

 
 
 
 
Liabilities and Stockholders' Equity
 
 
 
Current Liabilities
 
 
 
Accounts payable
$
18,322

 
$
16,863

Floorplan payable
446,304

 
444,780

Current maturities of long-term debt
13,333

 
1,557

Customer deposits
16,769

 
31,159

Accrued expenses
27,245

 
28,914

Income taxes payable
38

 
152

Total current liabilities
522,011

 
523,425

Long-Term Liabilities
 
 
 
Senior convertible notes
108,105

 
134,145

Long-term debt, less current maturities
26,223

 
38,409

Deferred income taxes
10,809

 
11,135

Other long-term liabilities
2,269

 
2,412

Total long-term liabilities
147,406

 
186,101

Commitments and Contingencies


 


Stockholders' Equity
 
 
 
Common stock, par value $.00001 per share, 45,000 shares authorized; 21,588 shares issued and outstanding at April 30, 2016; 21,604 shares issued and outstanding at January 31, 2016

 

Additional paid-in-capital
243,736

 
242,491

Retained earnings
95,842

 
99,526

Accumulated other comprehensive loss
(3,559
)
 
(4,461
)
Total Titan Machinery Inc. stockholders' equity
336,019

 
337,556

Noncontrolling interest
607

 
793

Total stockholders' equity
336,626

 
338,349

Total Liabilities and Stockholders' Equity
$
1,006,043

 
$
1,047,875

 See Notes to Consolidated Financial Statements

3


TITAN MACHINERY INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in thousands, except per share data)
 
Three Months Ended April 30,
 
2016
 
2015
Revenue
 
 
 
Equipment
$
184,874

 
$
244,983

Parts
57,509

 
61,520

Service
30,992

 
32,902

Rental and other
11,485

 
13,791

Total Revenue
284,860

 
353,196

Cost of Revenue
 
 
 
Equipment
170,324

 
227,033

Parts
40,501

 
43,571

Service
11,600

 
11,360

Rental and other
8,887

 
10,797

Total Cost of Revenue
231,312

 
292,761

Gross Profit
53,548

 
60,435

Operating Expenses
54,502

 
57,110

Impairment and Realignment Costs
247

 
1,601

Income (Loss) from Operations
(1,201
)
 
1,724

Other Income (Expense)
 
 
 
Interest income and other income (expense)
137

 
(2,124
)
Floorplan interest expense
(3,743
)
 
(4,599
)
Other interest expense
(993
)
 
(3,827
)
Income (Loss) Before Income Taxes
(5,800
)
 
(8,826
)
Provision for (Benefit from) Income Taxes
(1,942
)
 
(1,936
)
Net Income (Loss) Including Noncontrolling Interest
$
(3,858
)
 
$
(6,890
)
Less: Net Income (Loss) Attributable to Noncontrolling Interest
(174
)
 
(586
)
Net Income (Loss) Attributable to Titan Machinery Inc.
$
(3,684
)
 
$
(6,304
)
Net (Income) Loss Allocated to Participating Securities - Note 1
68

 
105

Net Income (Loss) Attributable to Titan Machinery Inc. Common Stockholders
$
(3,616
)
 
$
(6,199
)
Earnings (Loss) per Share - Note 1
 
 
 
Earnings (Loss) per Share - Basic
$
(0.17
)
 
$
(0.29
)
Earnings (Loss) per Share - Diluted
$
(0.17
)
 
$
(0.29
)
Weighted Average Common Shares - Basic
21,203

 
21,044

Weighted Average Common Shares - Diluted
21,203

 
21,044

 
See Notes to Consolidated Financial Statements


4


TITAN MACHINERY INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
(in thousands)
 
 
Three Months Ended April 30,
 
2016
 
2015
Net Income (Loss) Including Noncontrolling Interest
$
(3,858
)
 
$
(6,890
)
Other Comprehensive Income (Loss)
 
 
 
Foreign currency translation adjustments
754

 
(6,191
)
Unrealized gain on net investment hedge derivative instruments, net of tax expense of $44 for the three months ended April 30, 2015

 
67

Unrealized gain (loss) on interest rate swap cash flow hedge derivative instrument, net of tax expense (benefit) of ($57) and $72 for the three months ended April 30, 2016 and 2015, respectively
(87
)
 
109

Reclassification of loss on interest rate swap cash flow hedge derivative instruments included in net loss, net of tax benefit of $148 and $172 for the three months ended April 30, 2016 and April 30, 2015 respectively
223

 
258

Reclassification of loss on foreign currency contract cash flow hedge derivative instruments included in net loss, net of tax expense of $5 for the three months ended April 30, 2015

 
8

Total Other Comprehensive Income (Loss)
890

 
(5,749
)
Comprehensive Income (Loss)
(2,968
)
 
(12,639
)
Comprehensive Income (Loss) Attributable to Noncontrolling Interest
(186
)
 
(1,705
)
Comprehensive Income (Loss) Attributable To Titan Machinery Inc.
$
(2,782
)
 
$
(10,934
)
 
See Notes to Consolidated Financial Statements


5


TITAN MACHINERY INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)
(in thousands)
 
Common Stock
 
 
 
 
 
Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
Shares Outstanding
 
Amount
 
Additional Paid-In Capital
 
Retained Earnings
 
Foreign Currency Translation Adjustments
 
Unrealized Gains (Losses) on Net Investment Hedges
 
Unrealized Gains (Losses) on Interest Rate Swap Cash Flow Hedges
 
Unrealized Gains (Losses) on Foreign Currency Contract Cash Flow Hedges
 
Total
 
Total Titan Machinery Inc. Stockholders' Equity
 
Noncontrolling Interest
 
Total Stockholders' Equity
Balance, January 31, 2015
21,406

 
$

 
$
240,180

 
$
137,418

 
$
(1,632
)
 
$
2,510

 
$
(1,940
)
 
$
(37
)
 
$
(1,099
)
 
$
376,499

 
$
1,860

 
$
378,359

Common stock issued on grant of restricted stock (net of forfeitures and shares withheld for income taxes), exercise of stock options, and tax benefits of equity awards
(14
)
 

 
(206
)
 

 

 

 

 

 

 
(206
)
 

 
(206
)
Stock-based compensation expense

 

 
531

 

 

 

 

 

 

 
531

 

 
531

Comprehensive loss:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss

 

 

 
(6,304
)
 

 

 

 

 

 
(6,304
)
 
(586
)
 
(6,890
)
Other comprehensive income (loss)

 

 

 

 
(5,072
)
 
67

 
367

 
8

 
(4,630
)
 
(4,630
)
 
(1,119
)
 
(5,749
)
Total comprehensive loss

 

 

 

 

 

 

 

 

 
(10,934
)
 
(1,705
)
 
(12,639
)
Balance, April 30, 2015
21,392

 
$

 
$
240,505

 
$
131,114

 
$
(6,704
)
 
$
2,577

 
$
(1,573
)
 
$
(29
)
 
$
(5,729
)
 
$
365,890

 
$
155

 
$
366,045

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, January 31, 2016
21,604

 
$

 
$
242,491

 
$
99,526

 
$
(5,500
)
 
$
2,711

 
$
(1,672
)
 
$

 
$
(4,461
)
 
$
337,556

 
$
793

 
$
338,349

Common stock issued on grant of restricted stock (net of forfeitures and shares withheld for income taxes), exercise of stock options, and tax benefits of equity awards
(16
)
 

 
(408
)
 

 

 

 

 

 

 
(408
)
 

 
(408
)
Stock-based compensation expense

 

 
627

 

 

 

 

 

 

 
627

 

 
627

Repurchase of Senior Convertible Notes

 

 
1,026

 

 

 

 

 

 

 
1,026

 

 
1,026

Comprehensive loss:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss

 

 

 
(3,684
)
 

 

 

 

 

 
(3,684
)
 
(174
)
 
(3,858
)
Other comprehensive income (loss)

 

 

 

 
766

 

 
136

 

 
902

 
902

 
(12
)
 
890

Total comprehensive loss

 

 

 

 

 

 

 

 

 
(2,782
)
 
(186
)
 
(2,968
)
Balance, April 30, 2016
21,588

 
$

 
$
243,736

 
$
95,842

 
$
(4,734
)
 
$
2,711

 
$
(1,536
)
 
$

 
$
(3,559
)
 
$
336,019

 
$
607

 
$
336,626


See Notes to Consolidated Financial Statements

6


TITAN MACHINERY INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in thousands) 
 
Three Months Ended April 30,
 
2016
 
2015
Operating Activities
 
 
 
Net income (loss) including noncontrolling interest
$
(3,858
)
 
$
(6,890
)
Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used for) operating activities
 
 
 
Depreciation and amortization
6,208

 
6,667

Impairment

 
152

Deferred income taxes
609

 
497

Stock-based compensation expense
627

 
531

Noncash interest expense
1,378

 
1,765

Unrealized foreign currency (gain) loss on loans to international subsidiaries
(842
)
 
100

Gain on repurchase of Senior Convertible Notes
(2,102
)
 

Other, net
89

 
126

Changes in assets and liabilities
 
 
 
Receivables, prepaid expenses and other assets
4,702

 
13,525

Inventories
9,422

 
522

Manufacturer floorplan payable
(26,996
)
 
12,980

Accounts payable, customer deposits, accrued expenses and other long-term liabilities
(14,892
)
 
(9,092
)
Income taxes
781

 
(6,577
)
Net Cash Provided by (Used for) Operating Activities
(24,874
)
 
14,306

Investing Activities
 
 
 
Rental fleet purchases
(561
)
 
(112
)
Property and equipment purchases (excluding rental fleet)
(1,051
)
 
(2,170
)
Proceeds from sale of property and equipment
892

 
634

Other, net
48

 
198

Net Cash Used for Investing Activities
(672
)
 
(1,450
)
Financing Activities
 
 
 
Net change in non-manufacturer floorplan payable
25,117

 
(30,001
)
Repurchase of Senior Convertible Notes
(24,983
)
 

Proceeds from long-term debt borrowings

 
811

Principal payments on long-term debt
(526
)
 
(5,687
)
Other, net
(158
)
 
(443
)
Net Cash Used for Financing Activities
(550
)
 
(35,320
)
Effect of Exchange Rate Changes on Cash
413

 
(709
)
Net Change in Cash
(25,683
)
 
(23,173
)
Cash at Beginning of Period
89,465

 
127,528

Cash at End of Period
$
63,782

 
$
104,355

Supplemental Disclosures of Cash Flow Information
 
 
 
Cash paid during the period
 
 
 
Income taxes, net of refunds
$
(3,327
)
 
$
4,093

Interest
$
4,667

 
$
7,684

Supplemental Disclosures of Noncash Investing and Financing Activities
 
 
 
Net property and equipment financed with long-term debt, accounts payable and accrued liabilities
$
941

 
$
77

Net transfer of assets to (from) property and equipment from (to) inventories
$
(1,882
)
 
$
(7,029
)

See Notes to Consolidated Financial Statements

7


TITAN MACHINERY INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
 
NOTE 1—BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s Agriculture, Construction and International customers. Therefore, operating results for the three-month period ended April 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2017. The information contained in the balance sheet as of January 31, 2016 was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2016 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 Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Romania, Serbia and Ukraine. 
Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, initial valuation and impairment of intangible assets, collectability of receivables, and income taxes.
Principles of Consolidation
The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.
Earnings (Loss) Per Share (“EPS”)
The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year.
Diluted EPS were computed by dividing net income attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. All anti-dilutive securities were excluded from the computation of diluted EPS.

8


The following table sets forth the calculation of the denominator for basic and diluted EPS:
 
Three Months Ended April 30,
 
2016

2015
 
(in thousands, except per share data)
Basic Weighted-Average Common Shares Outstanding
21,203


21,044

Plus: Incremental Shares From Assumed Exercise of Stock Options



Diluted Weighted-Average Common Shares Outstanding
21,203


21,044

 
 
 
 
Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding
 
 
 
Stock Options
146

 
211

Shares Underlying Senior Convertible Notes (conversion price of $43.17)
2,777

 
3,475

 
 
 
 
Earnings (Loss) per Share - Basic
$
(0.17
)

$
(0.29
)
Earnings (Loss) per Share - Diluted
$
(0.17
)

$
(0.29
)
Recent Accounting Guidance
In May 2014 and August 2015, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, Revenue from Contracts with Customers. This guidance has been amended on various occasions and supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The Company will adopt this guidance on February 1, 2018, and will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, Going Concern. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management’s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.
In July 2015, the FASB amended authoritative guidance on accounting for measurement of inventory, codified in ASC 330, Inventory. The amended guidance requires inventory to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In February 2016, the FASB amended authoritative guidance on leases, codified in ASC 842, Leases. The amended guidance requires lessees to recognize most leases on their balance sheets related to the rights and obligations created by those leases. The new standard also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. This guidance is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The provisions of this guidance are to be applied using a modified retrospective approach, with elective reliefs, which requires application of the guidance for all periods presented. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In March 2016, the FASB amended authoritative guidance on stock-based compensation, codified in ASC 718, Compensation - Stock Compensation. The amended guidance changes the accounting for certain aspects of share-based payments, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statements of cash flows. This guidance is effective for the Company on February 1, 2017, with early

9


adoption permitted. The manner of application varies by the various provisions of the guidance, with certain provisions applied on a retrospective or modified retrospective approach, while others are applied prospectively. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
NOTE 2—INVENTORIES
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
New equipment
$
338,374

 
$
323,393

Used equipment
246,956

 
267,893

Parts and attachments
87,673

 
87,807

Work in process
11,826

 
10,371

 
$
684,829

 
$
689,464

NOTE 3—PROPERTY AND EQUIPMENT
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Rental fleet equipment
$
134,454

 
$
137,754

Machinery and equipment
23,053

 
23,051

Vehicles
36,593

 
36,537

Furniture and fixtures
38,275

 
38,149

Land, buildings, and leasehold improvements
63,241

 
63,460

 
295,616

 
298,951

Less accumulated depreciation
(118,534
)
 
(115,772
)
 
$
177,082

 
$
183,179

 
NOTE 4—LINES OF CREDIT / FLOORPLAN PAYABLE
Floorplan Lines of Credit
Floorplan payable balances reflect the amount owed for new equipment inventory purchased from a manufacturer and for used equipment inventory, which is primarily acquired through trade-in on equipment sales. Certain of the manufacturers from which the Company purchases new equipment inventory offer financing on these purchases, either offered directly from the manufacturer or through the manufacturers’ captive finance subsidiaries. CNH Industrial America LLC's captive finance subsidiary, CNH Industrial Capital America LLC ("CNH Industrial Capital"), also provides financing of used equipment inventory. The Company also has floorplan payable balances with non-manufacturer lenders for new and used equipment inventory. Cash flows associated with manufacturer floorplan payable are reported as operating cash flows while cash flows associated with non-manufacturer floorplan payable are reported as financing cash flows in the Company's consolidated statements of cash flows. The Company has three significant floorplan lines of credit for U.S. operations, credit facilities related to its foreign subsidiaries, and other floorplan payable balances with non-manufacturer lenders and manufacturers other than CNH Industrial.
As of April 30, 2016, the Company had discretionary floorplan lines of credit for equipment inventory purchases totaling approximately $1.0 billion, which includes a $275.0 million Floorplan Line with Wells Fargo Bank, National Association ("Wells Fargo"), a $450.0 million credit facility with CNH Industrial Capital, a $110.0 million credit facility with DLL Finance LLC ("DLL Finance") and the U.S. dollar equivalent of $117.8 million in credit facilities related to our foreign subsidiaries. Floorplan payables relating to these credit facilities totaled approximately $431.1 million of the total floorplan payable balance of $446.3 million outstanding as of April 30, 2016 and $420.7 million of the total floorplan payable balance of $444.8 million outstanding as of January 31, 2016; the remaining outstanding balances relate to equipment inventory financing from manufacturers and non-manufacturer lenders other than the aforementioned lines of credit. As of April 30, 2016, the interest-bearing U.S. floorplan payables carried various interest rates primarily ranging from 2.68% to 5.57%, and the foreign floorplan payables carried various interest rates primarily ranging from 1.56% to 7.70%.

10


Working Capital Revolver Line
As of April 30, 2016, the Company had a $75 million Working Capital Revolver Line under the Credit Facility with Wells Fargo. The Company had no amount outstanding on this Working Capital Revolver Line as of April 30, 2016 and January 31, 2016, respectively.
NOTE 5—SENIOR CONVERTIBLE NOTES
The Company’s 3.75% Senior Convertible Notes issued on April 24, 2012 (“Senior Convertible Notes”) consisted of the following:
 
April 30, 2016
 
January 31, 2016
 
(in thousands except conversion
rate and conversion price)
Principal value
$
119,900

 
$
150,000

Unamortized debt discount
(10,382
)
 
(13,946
)
Unamortized debt issuance costs
(1,413
)
 
(1,909
)
Carrying value of Senior Convertible Notes
$
108,105

 
$
134,145

 
 
 
 
Carrying value of equity component, net of deferred taxes
$
14,520

 
$
15,546

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

 
 
Conversion price (per share of common stock)
$
43.17

 
 
In April 2016, the Company repurchased $30.1 million face value ($27.1 million carrying value) of its Senior Convertible Notes with $25.0 million in cash, and recognized a pre-tax gain of approximately $2.1 million in the first quarter of fiscal 2017. This gain is included in other interest expense on the consolidated statements of operations.
The Company recognized interest expense associated with its Senior Convertible Notes as follows:
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
Cash Interest Expense
 
 
 
Coupon interest expense
$
1,337

 
$
1,406

Noncash Interest Expense
 
 
 
Amortization of debt discount
910

 
894

Amortization of transaction costs
133

 
136

 
$
2,380

 
$
2,436

The Senior Convertible Notes mature on May 1, 2019, unless earlier purchased by the Company, redeemed or converted. As of April 30, 2016, the unamortized debt discount will be amortized over a remaining period of approximately 3.0 years. As of April 30, 2016 and January 31, 2016, the if-converted value of the Senior Convertible Notes did not exceed the principal balance. The effective interest rate of the liability component was equal to 7.3% for each of the statements of operations periods presented.

11


NOTE 6—DERIVATIVE INSTRUMENTS
The Company holds derivative instruments for the purpose of minimizing exposure to fluctuations in foreign currency exchange rates to which the Company is exposed in the normal course of its operations.
Net Investment Hedges
To protect the value of the Company’s investments in its foreign operations against adverse changes in foreign currency exchange rates, the Company may, from time to time, hedge a portion of its net investment in one or more of its foreign subsidiaries. Gains and losses on derivative instruments that are designated and effective as a net investment hedge are included in other comprehensive income and only reclassified into earnings in the period during which the hedged net investment is sold or liquidated. Any hedge ineffectiveness is recognized in earnings immediately.
Cash Flow Hedges
On October 9, 2013, the Company entered into a forward-starting interest rate swap instrument, which has a notional amount of $100.0 million, an effective date of September 30, 2014 and a maturity date of September 30, 2018. The objective of the instrument is to, beginning on September 30, 2014, protect the Company from changes in benchmark interest rates to which the Company is exposed through certain of its variable interest rate credit facilities. The instrument provides for a fixed interest rate of 1.901% up to the maturity date.
The Company may, from time to time, hedge foreign currency exchange rate risk arising from inventory purchases denominated in Canadian dollars through the use of foreign currency forward contracts. The maximum length of time over which the Company hedges its exposure to the variability in future cash flows associated with the Canadian dollar purchasing is less than 12 months.
The interest rate swap instrument and foreign currency contracts have been designated as cash flow hedging instruments and accordingly changes in the effective portion of the fair value of the instruments are recorded in other comprehensive income and only reclassified into earnings in the period(s) in which the related hedged item affects earnings or the anticipated underlying hedged transactions are no longer probable of occurring. Any hedge ineffectiveness is recognized in earnings immediately.
Derivative Instruments Not Designated as Hedging Instruments
The Company uses foreign currency forward contracts to hedge the effects of fluctuations in exchange rates on outstanding intercompany loans. The Company does not formally designate and document such derivative instruments as hedging instruments; however, the instruments are an effective economic hedge of the underlying foreign currency exposure. Both the gain or loss on the derivative instrument and the offsetting gain or loss on the underlying intercompany loan are recognized in earnings immediately, thereby eliminating or reducing the impact of foreign currency exchange rate fluctuations on net income.
The following table sets forth the notional value of the Company's outstanding derivative instruments.
 
Notional Amount as of:
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Cash flow hedges:
 
 
 
Interest rate swap
$
100,000

 
$
100,000

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
17,059

 
13,148


12


The following table sets forth the fair value of the Company’s outstanding derivative instruments. Asset derivatives are included in prepaid expenses and other on the consolidated balance sheets, and liability derivatives are included in accrued expenses on the consolidated balance sheets.
 
Fair Value as of:
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Asset Derivatives:
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
$

 
$
125

Total Asset Derivatives
$

 
$
125

 
 
 
 
Liability Derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Cash flow hedges:
 
 
 
Interest rate swap
$
2,609

 
$
2,836

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
198

 

Total Liability Derivatives
$
2,807

 
$
2,836

The following table sets forth the gains and losses (before the related income tax effects) recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company’s derivative instruments for the three months ended April 30, 2016 and 2015, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.
 
Three Months Ended April 30,
 
2016
 
2015
 
OCI
 
Income (Loss)
 
OCI
 
Income (Loss)
 
(in thousands)
Dervatives Designated as Hedging Instruments:
Net investment hedges:
Foreign currency contracts
$

 
$

 
$
111

 
$

Cash flow hedges:
Interest rate swap (a)
(144
)
 
(371
)
 
181

 
(430
)
Foreign currency contracts (b)

 

 

 
(13
)
Dervatives Not Designated as Hedging Instruments:
Foreign currency contracts (c)

 
(640
)
 

 
82

Total Derivatives
$
(144
)
 
$
(1,011
)
 
$
292

 
$
(361
)
 
(a) Amounts are included in floorplan interest expense in the consolidated statements of operations.
(b) Amounts are included in Cost of revenue - equipment in the consolidated statements of operations
(c) Amounts are included in Interest income and other income (expense) in the consolidated statements of operations
No components of the Company's net investment or cash flow hedging instruments were excluded from the assessment of hedge ineffectiveness.
As of April 30, 2016, the Company had $2.6 million in pre-tax net unrealized losses associated with its interest rate swap cash flow hedging instrument recorded in accumulated other comprehensive income. The Company expects that $1.3 million of pre-tax unrealized losses associated with its interest rate swap will be reclassified into income over the next 12 months.

13


NOTE 7—FAIR VALUE OF FINANCIAL INSTRUMENTS
The liabilities which are measured at fair value on a recurring basis as of April 30, 2016 and January 31, 2016 are as follows:
 
April 30, 2016
 
January 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
 
(in thousands)
Financial Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$

 
$

 
$

 
$

 
$

 
$
125

 
$

 
$
125

Total Financial Assets
$

 
$

 
$

 
$

 
$

 
$
125

 
$

 
$
125

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$

 
$
2,609

 
$

 
$
2,609

 
$

 
$
2,836

 
$

 
$
2,836

Foreign currency contracts

 
198

 

 
198

 

 

 

 

Total Financial Liabilities
$

 
$
2,807

 
$

 
$
2,807

 
$

 
$
2,836

 
$

 
$
2,836

The valuation for the Company's foreign currency contracts and interest rate swap derivative instruments were valued using discounted cash flow analyses, an income approach, utilizing readily observable market data as inputs.
The Company also has financial instruments that are not recorded at fair value in its consolidated financial statements. The carrying amount of cash, receivables, payables, short-term debt and other current liabilities approximates fair value because of the short maturity and/or frequent repricing of those instruments, which are Level 2 fair value inputs. Based upon current borrowing rates with similar maturities, which are Level 2 fair value inputs, the carrying value of long-term debt approximates the fair value as of April 30, 2016 and January 31, 2016, respectively. The following table provides details on the Senior Convertible Notes as of April 30, 2016 and January 31, 2016. The difference between the face value and the carrying value of these notes is the result of the allocation between the debt and equity components, and unamortized debt issuance costs. Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.
 
April 30, 2016
 
January 31, 2016
 
Estimated Fair Value
 
Carrying Value
 
Face Value
 
Estimated Fair Value
 
Carrying Value
 
Face Value
 
(in thousands)
 
(in thousands)
Senior convertible notes
$
100,000

 
$
108,105

 
$
119,900

 
$
105,000

 
$
134,145

 
$
150,000


14


NOTE 8—SEGMENT INFORMATION AND OPERATING RESULTS
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, deferred tax assets and property and equipment.
Certain financial information for each of the Company’s business segments is set forth below. 
 
Three Months Ended April 30,
 
2016

2015
 
(in thousands)
Revenue
 
 
 
Agriculture
$
178,807

 
$
239,855

Construction
78,001

 
81,171

International
28,052

 
32,170

Total
$
284,860

 
$
353,196

 
 
 
 
Income (Loss) Before Income Taxes
 
 
 
Agriculture
$
(3,758
)
 
$
(1,086
)
Construction
(2,044
)
 
(3,565
)
International
(517
)
 
(4,371
)
Segment income (loss) before income taxes
(6,319
)
 
(9,022
)
Shared Resources
519

 
196

Total
$
(5,800
)
 
$
(8,826
)
 
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Total Assets
 
 
 
Agriculture
$
529,862

 
$
557,579

Construction
267,869

 
294,891

International
121,429

 
109,706

Segment assets
919,160

 
962,176

Shared Resources
86,883

 
85,699

Total
$
1,006,043

 
$
1,047,875


15


NOTE 9—STORE CLOSINGS AND REALIGNMENT COSTS
Exit costs associated with the Company's store closings and realignment activities are summarized in the following table. Such costs are included in Impairment and Realignment Costs in the consolidated statements of operations.
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
Agriculture Segment
 
 
 
Lease termination costs (a)
$
(152
)
 
$
251

Employee severance costs

 
304

Asset relocation and other closing costs

 
85

 
$
(152
)
 
$
640

Construction Segment
 
 
 
Lease termination costs (a)
$

 
$
261

Employee severance costs
21

 
258

Impairment of fixed assets, net of gains on asset disposition

 
90

Asset relocation and other closing costs

 
54

 
$
21

 
$
663

Shared Resource Center
 
 
 
Lease termination costs (a)
$

 
$
49

Employee severance costs
378

 
187

Impairment of fixed assets, net of gains on asset disposition

 
62

 
$
378

 
$
298

Total
 
 
 
Lease termination costs (a)
$
(152
)
 
$
561

Employee severance costs
399

 
749

Impairment of fixed assets, net of gains on asset disposition

 
152

Asset relocation and other closing costs

 
139

 
$
247

 
$
1,601

 
(a) Net of gain on changes in lease termination accrual assumptions
A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:
 
Amount
 
(in thousands)
Balance, January 31, 2016
$
660

Exit costs incurred and charged to expense
 
Lease termination costs
(152
)
Employee severance costs
399

Exit costs paid
 
Lease termination costs
(89
)
Employee severance costs
(306
)
Balance, April 30, 2016
$
512


16


NOTE 10—INCOME TAXES
The Company incurs a provision for income taxes in jurisdictions in which it has taxable income. Generally the Company receives a benefit for income taxes in jurisdictions in which it has taxable losses unless it has recorded a valuation allowance for that jurisdiction. These losses are available to reduce future taxable income in these jurisdictions if earned within the allowable net operating loss carryforward period. The foreign jurisdictions in which the Company operates have net operating loss carryforward periods ranging from five to seven years, with certain jurisdictions having indefinite carryforward periods.
The components of income (loss) before income taxes are as follows:
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
U.S.
$
(5,283
)
 
$
(4,488
)
Foreign
(517
)
 
(4,338
)
Total
$
(5,800
)
 
$
(8,826
)
A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
 
Three Months Ended April 30,
 
2016
 
2015
U.S. statutory rate
(35.0
)%
 
(35.0
)%
Foreign statutory rates
2.1
 %
 
11.7
 %
State taxes on income net of federal tax benefit
(4.1
)%
 
(4.1
)%
Change in valuation allowance
6.6
 %
 
35.7
 %
Tax effect of Ukrainian hryvnia devaluation(a)
(6.0
)%
 
(28.0
)%
All other, net
2.9
 %
 
(2.2
)%

(33.5
)%
 
(21.9
)%
 
(a) Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrainian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss).

17


ITEM 2.                        MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
 
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our interim unaudited consolidated financial statements and related notes included in Item 1 of Part I of this Quarterly Report, and the audited consolidated financial statements and notes thereto and Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the year ended January 31, 2016.
 
Realignment Costs
We recognized $0.2 million and $1.6 million in realignment costs during the three months ended April 30, 2016 and 2015, respectively. To better align our cost structure and re-balance staffing levels with the evolving needs of the business, in March 2015, we approved a realignment plan that reduced our headcount by approximately 14%, which included headcount reductions at stores in each of our operating segments and our Shared Resource Center, as well as from the closing of three Agriculture stores and one Construction store. Our remaining stores in each of the respective areas assumed the distribution rights for the CNH Industrial brand previously held by the closed stores. See also the Non-GAAP Financial Measures section below for the impact of these costs on non-GAAP Diluted EPS.
Foreign Currency Remeasurement Losses
In February of 2014, the National Bank of Ukraine terminated the currency peg of the Ukrainian hryvnia ("UAH") to the USD; subsequent to the decoupling and as a result of the economic and political conditions present in the country, the UAH experienced significant devaluation from the date the currency peg was terminated through July 2015, and has continued to experience more modest volatility through April 2016. We recognized foreign currency remeasurement losses resulting from a devaluation of the UAH totaling $0.2 million and $2.0 million for the three months ended April 30, 2016 and 2015, respectively. These losses are included in interest income and other income (expense) in our consolidated statements of operations. See also the Non-GAAP Financial Measures section below for impact of these costs on non-GAAP Diluted EPS.
Critical Accounting Policies and Estimates
There have been no material changes in our Critical Accounting Policies and Estimates, as disclosed in our Annual Report on Form 10-K for the year ended January 31, 2016.
Overview
We own and operate a network of full service agricultural and construction equipment stores in the United States and Europe. Based upon information provided to us by CNH Industrial N.V. or its U.S. subsidiary CNH Industrial America, LLC, we are the largest retail dealer of Case IH Agriculture equipment in the world, the largest retail dealer of Case Construction equipment in North America and a major retail dealer of New Holland Agriculture and New Holland Construction equipment in the U.S. We operate our business through three reportable segments, Agriculture, Construction and International. Within each segment, we have four principal sources of revenue: new and used equipment sales, parts sales, service, and equipment rental and other activities.
The agriculture industry has been experiencing challenging conditions such as decreases in agricultural commodity prices and projected net farm income, which, among other things, have a negative effect on customer sentiment and our customers' ability to secure financing for their equipment purchases. Changes in actual or anticipated net farm income generally have a direct correlation with agricultural equipment purchases by farmers. In February 2016, the U.S. Department of Agriculture ("USDA") published its projections of a 37.7% decrease in net farm income from calendar year 2014 to 2015 and an additional 3.0% decrease in calendar year 2016. These industry conditions have negatively impacted our customer demand, resulting in decreased same-store sales and equipment revenue and an oversupply of equipment inventory in the agriculture industry in fiscal 2017.
Certain of our Construction stores, particularly those in the northern and western parts of our footprint, are impacted by the strength of the oil industry. The significant decrease in oil prices, which began in the third quarter of fiscal 2015 and continued through fiscal 2016, has caused a decrease in oil production and infrastructure activity in these areas. In addition, the aforementioned agriculture industry conditions have also led to a reduction of purchases of Construction equipment by customers in the agriculture industry, negatively affecting certain of our Construction stores. These factors have reduced demand for equipment purchases, equipment rentals, and service work and parts and have caused an oversupply of equipment inventory and rental fleet equipment in these areas.

18


Our net loss attributable to Titan Machinery Inc. common stockholders was $3.6 million, or $0.17 per diluted share, for the three months ended April 30, 2016, compared to $6.2 million, or $0.29 per diluted share, for the three months ended April 30, 2015. Our non-GAAP diluted loss per share was $0.21 for the three months ended April 30, 2016, compared to non-GAAP diluted loss per share of $0.13 for the three months ended April 30, 2015. See the Non-GAAP Financial Measures section below for a reconciliation between the GAAP and non-GAAP measures. Significant factors impacting the quarterly comparisons were:
Revenue decreased 19.3% for the first quarter of fiscal 2017, as compared to the first quarter last year, mainly driven by a decrease in Agriculture same-store sales, which primarily resulted from a decrease in equipment revenue;
Total gross profit margin increased to 18.8% for the first quarter of fiscal 2017, as compared to 17.1% for the first quarter of fiscal 2016, primarily caused by a change in gross profit mix to our higher-margin parts business and increase in gross profit margin on equipment;
Floorplan interest expense decreased 18.6% primarily due to a decrease in our average interest-bearing inventory in the first quarter of fiscal 2017, as compared to the first quarter last year;
Other interest expense decreased 74.1% for the first quarter of fiscal 2017, as compared to the first quarter last year, primarily as a result of a $2.1 million gain recognized in the first quarter of fiscal 2017 related to the repurchase of $30.1 million of our Senior Convertible Notes.
Results of Operations
The results shown below include the operating results of any acquisitions made during these periods. The period-to-period comparisons included below are not necessarily indicative of future results. Segment information is provided later in this discussion and analysis of our results of operations.
Same-store sales for any period represent sales by stores that were part of the Company for the entire comparable periods in the current and preceding fiscal years. We do not distinguish relocated or newly-expanded stores in this same-store analysis. Closed stores are excluded from the same-store analysis. Stores that do not meet the criteria for same-store classification are described as excluded stores throughout the Results of Operations section in this Quarterly Report on Form 10-Q.

19


Comparative financial data for each of our four sources of revenue are expressed below.
 
Three Months Ended April 30,
 
2016
 
2015
 
(dollars in thousands)
Equipment
 
 
 
Revenue
$
184,874

 
$
244,983

Cost of revenue
170,324

 
227,033

Gross profit
$
14,550

 
$
17,950

Gross profit margin
7.9
%
 
7.3
%
Parts
 
 
 
Revenue
$
57,509

 
$
61,520

Cost of revenue
40,501

 
43,571

Gross profit
$
17,008

 
$
17,949

Gross profit margin
29.6
%
 
29.2
%
Service
 
 
 
Revenue
$
30,992

 
$
32,902

Cost of revenue
11,600

 
11,360

Gross profit
$
19,392

 
$
21,542

Gross profit margin
62.6
%
 
65.5
%
Rental and other
 
 
 
Revenue
$
11,485

 
$
13,791

Cost of revenue
8,887

 
10,797

Gross profit
$
2,598

 
$
2,994

Gross profit margin
22.6
%
 
21.7
%
The following table sets forth our statements of operations data expressed as a percentage of total revenue for the periods indicated:
 
Three Months Ended April 30,
 
2016
 
2015
Revenue
 
 
 
Equipment
64.9
 %
 
69.4
 %
Parts
20.2
 %
 
17.4
 %
Service
10.9
 %
 
9.3
 %
Rental and other
4.0
 %
 
3.9
 %
Total Revenue
100.0
 %
 
100.0
 %
Total Cost of Revenue
81.2
 %
 
82.9
 %
Gross Profit Margin
18.8
 %
 
17.1
 %
Operating Expenses
19.1
 %
 
16.2
 %
Impairment and Realignment Costs
0.1
 %
 
0.4
 %
Income (Loss) from Operations
(0.4
)%
 
0.5
 %
Other Income (Expense)
(1.6
)%
 
(3.0
)%
Income (Loss) Before Income Taxes
(2.0
)%
 
(2.5
)%
Provision for (Benefit from) Income Taxes
(0.6
)%
 
(0.5
)%
Net Income (Loss) Including Noncontrolling Interest
(1.4
)%
 
(2.0
)%
Less: Net Income (Loss) Attributable to Noncontrolling Interest
(0.1
)%
 
(0.2
)%
Net Income (Loss) Attributable to Titan Machinery Inc.
(1.3
)%
 
(1.8
)%

20


Three Months Ended April 30, 2016 Compared to Three Months Ended April 30, 2015
Consolidated Results
Revenue
 
Three Months Ended April 30,
 

 
Percent
 
2016
 
2015
 
(Decrease)
 
Change
 
(dollars in thousands)
 
 

Equipment
$
184,874

 
$
244,983

 
$
(60,109
)
 
(24.5
)%
Parts
57,509

 
61,520

 
(4,011
)
 
(6.5
)%
Service
30,992

 
32,902

 
(1,910
)
 
(5.8
)%
Rental and other
11,485

 
13,791

 
(2,306
)
 
(16.7
)%
Total Revenue
$
284,860

 
$
353,196

 
$
(68,336
)
 
(19.3
)%
 
The decrease in revenue for the first quarter of fiscal 2017 was primarily due to a decrease in same-store sales of 18.9% over the comparable prior year period. This decrease was mainly driven by a decrease in Agriculture same-store sales of 25.1% in the first quarter of fiscal 2017, which primarily resulted from a decrease in equipment revenue. These decreases in same-store sales were primarily the result of the challenging industry conditions facing our Agriculture segment discussed in the Overview section above. The Construction industry conditions led to lower rental and other revenue, particularly in our Construction stores in oil production areas.
Gross Profit
 
Three Months Ended April 30,
 
Increase/
 
Percent
 
2016
 
2015
 
(Decrease)
 
Change
 
(dollars in thousands)
 
 

Gross Profit
 
 
 
 
 
 
 
Equipment
$
14,550

 
$
17,950

 
$
(3,400
)
 
(18.9
)%
Parts
17,008

 
17,949

 
(941
)
 
(5.2
)%
Service
19,392

 
21,542

 
(2,150
)
 
(10.0
)%
Rental and other
2,598

 
2,994

 
(396
)
 
(13.2
)%
Total Gross Profit
$
53,548

 
$
60,435

 
$
(6,887
)
 
(11.4
)%
Gross Profit Margin
 
 
 
 
 
 
 
Equipment
7.9
%
 
7.3
%
 
0.6
 %
 
8.2
 %
Parts
29.6
%
 
29.2
%
 
0.4
 %
 
1.4
 %
Service
62.6
%
 
65.5
%
 
(2.9
)%
 
(4.4
)%
Rental and other
22.6
%
 
21.7
%
 
0.9
 %
 
4.1
 %
Total Gross Profit Margin
18.8
%
 
17.1
%
 
1.7
 %
 
9.9
 %
Gross Profit Mix
 
 
 
 
 
 
 
Equipment
27.2
%
 
29.7
%
 
(2.5
)%
 
(8.4
)%
Parts
31.8
%
 
29.7
%
 
2.1
 %
 
7.1
 %
Service
36.2
%
 
35.6
%
 
0.6
 %
 
1.7
 %
Rental and other
4.8
%
 
5.0
%
 
(0.2
)%
 
(4.0
)%
Total Gross Profit Mix
100.0
%
 
100.0
%
 
 %
 
 %
 
The $6.9 million decrease in gross profit for the first quarter of fiscal 2017, as compared to the same period last year, was primarily due to a decrease in revenue. The increase in total gross profit margin from 17.1% for the first quarter of fiscal 2016 to 18.8% for the first quarter of fiscal 2017 was mainly due to a change in gross profit mix to our higher-margin parts and service businesses, and an increase in gross profit margin on equipment in our Construction and International segments.
Our company-wide absorption decreased slightly to 72.1% for the first quarter of fiscal 2017 compared to 73.3% during the same period last year as a result of lower gross profit from parts, service and rental and other.

21


Operating Expenses
 
Three Months Ended April 30,
 
Increase/
 
Percent
 
2016
 
2015
 
(Decrease)
 
Change
 
(dollars in thousands)
 
 
Operating Expenses
$
54,502

 
$
57,110

 
$
(2,608
)
 
(4.6
)%
Operating Expenses as a Percentage of Revenue
19.1
%
 
16.2
%
 
2.9
%
 
17.9
 %
The $2.6 million decrease in operating expenses, as compared to the same period last year, was primarily the result of our realignment plan implemented in the first quarter of fiscal 2016 in which we reduced our headcount by 14% and generated additional cost savings associated with the closing of four stores in that quarter, and a decrease in commission expense in the first quarter of fiscal 2017 relative to the prior year due to the decrease in equipment gross profit. The increase in operating expenses as a percentage of total revenue was primarily due to the decrease in total revenue in the first quarter of fiscal 2017, as compared to the first quarter of fiscal 2016, which negatively affected our ability to leverage our fixed operating costs.
Impairment and Realignment Costs
 
Three Months Ended April 30,
 
 
 
Percent
 
2016
 
2015
 
Decrease
 
Change
 
(dollars in thousands)
 
 
Impairment and Realignment Costs
$
247

 
$
1,601

 
$
(1,354
)
 
(84.6
)%
The realignment costs recognized in the first quarters of fiscal 2017 and 2016 arose as the result of our realignment plans and associated exit costs, including accruals for lease terminations and remaining lease obligations, employee severance costs, the impairment of certain fixed assets, and the costs associated with relocating certain assets of our closed stores. See the Realignment Costs section above for further details on our store realignment plans and associated exit costs, and the Non-GAAP Financial Measures section below for impact of these amounts on non-GAAP Diluted EPS.
Other Income (Expense)
 
Three Months Ended April 30,
 
Increase/
 
Percent
 
2016
 
2015
 
(Decrease)
 
Change
 
(dollars in thousands)
 
 
Interest income and other income (expense)
$
137

 
$
(2,124
)
 
$
2,261

 
106.5
 %
Floorplan interest expense
(3,743
)
 
(4,599
)
 
(856
)
 
(18.6
)%
Other interest expense
(993
)
 
(3,827
)
 
(2,834
)
 
(74.1
)%
The improvement in interest income and other income (expense) is primarily due to a decrease in foreign currency remeasurement losses in Ukraine, resulting from changes in the valuation of the Ukrainian hryvnia, which totaled $0.2 million and $2.0 million for the first quarters of 2017 and 2016, respectively. The decrease in floorplan interest expense for the first quarter of fiscal 2017, as compared to the first quarter of fiscal 2016, was primarily due to a decrease in our average interest-bearing inventory in the first quarter of fiscal 2017. The decrease in other interest expense is primarily the result of a $2.1 million gain recognized in the first quarter of fiscal 2017 related to the repurchase of $30.1 million of our Senior Convertible Notes and $0.5 million of expense recognized in the first quarter of fiscal 2016 related to the write-off of capitalized debt issuance costs related to amending our Wells Fargo credit facility. See the Non-GAAP Financial Measures section below for impact of the Ukraine foreign currency remeasurement losses, gain on repurchase of Senior Convertible Notes and write-off of capitalized debt issuance costs on non-GAAP Diluted EPS.
Provision for (Benefit from) Income Taxes
 
Three Months Ended April 30,
 

 
Percent
 
2016
 
2015
 
Increase
 
Change
 
(dollars in thousands)
 
 
Provision for (Benefit from) Income Taxes
$
(1,942
)
 
$
(1,936
)
 
$
6

 
0.3
%
 
Our effective tax rate was 33.5% for the first quarter of fiscal 2017 and 21.9% for the same period last year. The difference in our effective tax rate is primarily due to the change in mix of our domestic and foreign losses before income taxes in relation to our total loss before income taxes. In addition, as the majority of our foreign operations have full valuation

22


allowances on deferred tax assets including net operating losses, they do not recognize any income tax expense or benefit. See Note 10 to our consolidated financial statements for further details on our effective tax rate and the components of income (loss) before income taxes.
Segment Results
Certain financial information for our Agriculture, Construction and International business segments is set forth below. “Shared Resources” in the table below refers to the various unallocated income/(expense) items that we have retained at the general corporate level. Revenue between segments is immaterial.
 
Three Months Ended April 30,
 
Increase/
 
Percent
 
2016
 
2015
 
(Decrease)
 
Change
 
(dollars in thousands)
 
 
Revenue
 
 
 
 
 
 
 
Agriculture
$
178,807

 
$
239,855

 
$
(61,048
)
 
(25.5
)%
Construction
78,001

 
81,171

 
(3,170
)
 
(3.9
)%
International
28,052

 
32,170

 
(4,118
)
 
(12.8
)%
Total
$
284,860

 
$
353,196

 
$
(68,336
)
 
(19.3
)%
 
 
 
 
 
 
 
 
Income (Loss) Before Income Taxes
 
 
 
 
 
 
 
Agriculture
$
(3,758
)
 
$
(1,086
)
 
$
(2,672
)
 
(246.0
)%
Construction
(2,044
)
 
(3,565
)
 
1,521

 
42.7
 %
International
(517
)
 
(4,371
)
 
3,854

 
88.2
 %
Segment income (loss) before income taxes
(6,319
)
 
(9,022
)
 
2,703

 
30.0
 %
Shared Resources
519

 
196

 
323

 
164.8
 %
Total
$
(5,800
)
 
$
(8,826
)
 
$
3,026

 
34.3
 %
Agriculture 
Agriculture segment revenue for the first quarter of fiscal 2017 decreased 25.5% compared to the same period last year. The revenue decrease was due to a same-store sales decrease of 25.1% over the first quarter of fiscal 2016, which was primarily caused by a decrease in equipment revenue, largely resulting from the challenging industry conditions discussed in the Overview section above.
Agriculture segment loss before income taxes was $3.8 million for the first quarter of fiscal 2017 compared to $1.1 million for the first quarter of fiscal 2016. The decline in segment results is primarily due to the aforementioned decrease in equipment revenue, but partially offset by decreases in operating expenses, realignment costs and floorplan interest expense. The decrease in operating expenses is the result of the cost savings associated with our realignment plan implemented in the first quarter of fiscal 2016, and the decrease in floorplan interest expense is the result of decrease in our average interest-bearing inventory in the first quarter of fiscal 2017.
Construction
Construction segment revenue for the first quarter of fiscal 2017 decreased 3.9% compared to the same period last year, largely due to the challenging industry conditions discussed in the Overview section above.
Our Construction segment loss before income taxes was $2.0 million for the first quarter of fiscal 2017 compared to $3.6 million for the first quarter of fiscal 2016. The improvement in segment results was primarily due to decreases in operating expenses, realignment costs and floorplan interest expense, and partially offset by the aforementioned decrease in segment revenue. The decrease in operating expenses reflects costs savings associated with our realignment plan implemented in the first quarter of fiscal 2016, and the decrease in floorplan interest expense is the result of decrease in our average interest-bearing inventory in the first quarter of fiscal 2017. The dollar utilization of our rental fleet increased slightly from 19.1% in the first quarter of fiscal 2016 to 19.7% in the first quarter of fiscal 2017.

23


International
International segment revenue for the first quarter of fiscal 2017 decreased 12.8% compared to the same period last year primarily due to low global commodity prices as well as continued high interest rates and restricted credit availability in Ukraine. The challenging geopolitical and financial conditions in Ukraine are negatively impacting customer demand for equipment in that market.
Our International segment loss before income taxes was $0.5 million for the first quarter of fiscal 2017 compared to $4.4 million for the same period last year. The improvement in segment results was primarily the result of increased equipment gross profit margin, lower foreign currency remeasurement losses in Ukraine, and lower floorplan interest expense, but partially offset by the aforementioned decrease in revenue. Floorplan interest expense decreased in the first quarter of fiscal 2017 compared to the same period last year due to a reduction in interest-bearing floorplan payables resulting from a reduction in our inventory levels.
Shared Resources/Eliminations
We incur centralized expenses/income at our general corporate level, which we refer to as “Shared Resources,” and then allocate these net expenses to our segments. Since these allocations are set early in the year, unallocated balances may occur.
Non-GAAP Financial Measures
To supplement our earnings (loss) per share - diluted ("Diluted EPS") presented on a GAAP basis, we use non-GAAP Diluted EPS, which excludes the impact of the gain on repurchase of Senior Convertible Notes, write-off of debt issuance costs, costs associated with our realignment/store closings and foreign currency remeasurement losses in Ukraine resulting from a devaluation of the UAH. We believe that the presentation of non-GAAP Diluted EPS is relevant and useful to our management and investors because it provides a measurement of earnings on activities that we consider to occur in the ordinary course of our business. Non-GAAP Diluted EPS should be evaluated in addition to, and not considered a substitute for, or superior to, the GAAP measure of Diluted EPS. In addition, other companies may calculate non-GAAP Diluted EPS in a different manner, which may hinder comparability of our results with those of other companies.

24


The following table reconciles Diluted EPS, a GAAP measure, to non-GAAP Diluted EPS:
 
Three Months Ended April 30,
 
2016
 
2015
 
(dollars in thousands, except per share data)
Net Income (Loss) Attributable to Titan Machinery Inc. Common Stockholders
 
 
 
Net Income (Loss) Attributable to Titan Machinery Inc. Common Stockholders
$
(3,616
)
 
$
(6,199
)
Non-GAAP Adjustments
 
 
 
Gain on Repurchase of Senior Convertible Notes (1)
(1,238
)
 

Debt Issuance Cost Write-Off

 
318

Realignment / Store Closing Costs (2)
145

 
945

Ukraine Remeasurement (3)
191

 
2,006

Total Non-GAAP Adjustments
(902
)
 
3,269

Adjusted Net Income (Loss) Attributable to Titan Machinery Inc. Common Stockholders
$
(4,518
)
 
$
(2,930
)
 
 
 
 
Earnings (Loss) per Share - Diluted
 
 
 
Earnings (Loss) per Share - Diluted
$
(0.17
)
 
$
(0.29
)
Non-GAAP Adjustments
 
 
 
Gain on Repurchase of Senior Convertible Notes (1)
(0.06
)
 

Debt Issuance Cost Write-Off

 
0.02

Realignment / Store Closing Costs (2)
0.01

 
0.04

Ukraine Remeasurement (3)
0.01

 
0.10

Total Non-GAAP Adjustments
(0.04
)
 
0.16

Adjusted Earnings (Loss) per Share - Diluted
$
(0.21
)
 
$
(0.13
)
(1) See Note 5 to our financial statements for additional details of this matter.
(2) See Note 9 to our financial statements for additional details of this matter.
(3) See the Foreign Currency Remeasurement Losses section of Management's Discussion and Analysis of Financial Condition and Results of Operations for details of this matter.
Liquidity and Capital Resources
Sources of Liquidity
Our primary sources of liquidity are cash reserves, cash generated from operations, and borrowings under our floorplan payable and other credit facilities. We expect these sources of liquidity to be sufficient to fund our working capital requirements, acquisitions, capital expenditures and other investments in our business, service our debt, pay our tax and lease obligations and other commitments and contingencies, and meet any seasonal operating requirements for the foreseeable future, provided, however, that our borrowing capacity under our credit agreements is dependent on compliance with various covenants as further described in the "Risk Factors" section of our Annual Report on Form 10-K and in this Quarterly Report on Form 10-Q.
Equipment Inventory and Floorplan Payable Credit Facilities
As of April 30, 2016, the Company had discretionary floorplan payable lines of credit for equipment purchases totaling approximately $1.0 billion, which included a $275.0 million Floorplan Payable Line with Wells Fargo, a $450.0 million credit facility with CNH Industrial Capital, a $110.0 million credit facility with DLL Finance and the U.S. dollar equivalent of $117.8 million in credit facilities related to our foreign subsidiaries. Floorplan payables relating to these credit facilities totaled approximately $431.1 million of the total floorplan payable balance of $446.3 million outstanding as of April 30, 2016.
Our equipment inventory turnover was 1.2 for the four quarters ended April 30, 2016 compared to 1.3 for the four quarters ended April 30, 2015. While our equipment inventories, including amounts classified as held for sale, decreased 24.5%

25


from April 30, 2015 to April 30, 2016, the decrease in turnover was the result of the lower equipment sales in the four-quarter period ended April 30, 2016. Our equity in equipment inventory, which reflects the portion of our equipment inventory balance that is not financed by floorplan payables, decreased to 23.8% as of April 30, 2016 from 24.8% as of January 31, 2016.
Adequacy of Capital Resources
Our primary uses of cash have been to fund our strategic acquisitions and fund our operating activities, including the purchase of inventory, meeting our debt service requirements, providing working capital, making payments due under building space operating leases and manufacturer floorplan payables. Based on our current operational performance, we believe our cash flow from operations, available cash and available borrowings under our existing credit facilities will adequately provide our liquidity needs for, at a minimum, the next 12 months. Our main financing arrangements, in which we had discretionary floorplan lines of credit totaling approximately $1.0 billion as of April 30, 2016, are described in Note 4 of the notes to our consolidated financial statements. As of April 30, 2016, the Company was in compliance with the financial covenants under these agreements, and was not subject to the fixed charge coverage ratio covenant under the Wells Fargo Credit Facility. If anticipated operating results create the likelihood of a future covenant violation, we would expect to work with our lenders on an appropriate modification or amendment to our financing arrangements.
Cash Flow
Cash Flow Provided By Or Used For Operating Activities
Net cash used for operating activities was $24.9 million for the three months ended April 30, 2016, compared to net cash provided by operating activities of $14.3 million for the three months ended April 30, 2015. Net cash used for operating activities for the three months ended April 30, 2016 was primarily attributable to a changing mix of manufacturer versus non-manufacturer floorplan financing, and reduction in our inventories. Net cash provided by operating activities for the three months ended April 30, 2015 was primarily attributable to a reduction in working capital, including a reduction of accounts receivables and prepaid expenses and an increase in manufacturer floorplan payables.
We evaluate our cash flow from operating activities net of all floorplan activity and maintaining a constant level of equity in our equipment inventory. Taking these adjustments into account, our non-GAAP cash flow used for operating activities was $5.8 million and cash flow provided by operating activities was $7.8 million for the three months ended April 30, 2016 and 2015, respectively. This decrease from the prior year is due to changes in working capital. For reconciliation of this non-GAAP financial measure, please see the Non-GAAP Cash Flow Reconciliation below.
Cash Flow Used For Investing Activities
Net cash used for investing activities was $0.7 million for the three months ended April 30, 2016, compared to net cash used for investing activities of $1.5 million for the three months ended April 30, 2015. Cash used for investing activities was primarily for the purchase of property and equipment, net of any proceeds from the sale of property and equipment.
Cash Flow Provided By Or Used For Financing Activities
Net cash used for financing activities was $0.6 million for the three months ended April 30, 2016 compared to net cash used for financing activities of $35.3 million for the three months ended April 30, 2015. For the three months ended April 30, 2016, net cash used for financing activities primarily related to the use of $25.0 million to repurchase Senior Convertible Notes, and offset by an increase in non-manufacturer floorplan payable. For the three months ended April 30, 2015, net cash used for financing activities primarily resulted from a decrease in non-manufacturer floorplan payables.
Non-GAAP Cash Flow Reconciliation
We consider our cash flow from operating activities to include all equipment inventory financing activity regardless of whether we obtain the financing from a manufacturer or other source. We consider equipment inventory financing with both manufacturers and other sources to be part of the normal operations of our business and use the adjusted cash flow analysis in the evaluation of our equipment inventory and inventory flooring needs. The adjustment is equal to the net change in non-manufacturer floorplan payable, as shown on the consolidated statements of cash flows. GAAP categorizes non-manufacturer floorplan payable as financing activities in the consolidated statements of cash flows.
Our non-GAAP cash flow provided by (used for) operating activities is also impacted by the change in our equity in equipment inventory, which reflects the portion of our equipment inventory balance that is not financed by floorplan payables. Equity in equipment inventory decreased to 23.8% as of April 30, 2016 from 24.8% as of January 31, 2016, and increased to 22.0% as of April 30, 2015 from 19.0% as of January 31, 2015. We analyze our cash flow provided by (used for) operating activities by assuming a constant level of equipment inventory financing throughout each respective fiscal year. The adjustment eliminates the impact of this fluctuation of equity in our equipment inventory, and is equal to the difference between our actual

26


level of equity in equipment inventory at each period end presented on the consolidated statements of cash flows, compared to the actual level of equity in equipment inventory at the beginning of the fiscal year.
Non-GAAP cash flow provided by (used for) operating activities is a non-GAAP financial measure which is adjusted for non-manufacturer floorplan payable and changes in the level of equity in equipment inventory. We believe that the presentation of non-GAAP cash flow provided by (used for) operating activities is relevant and useful to our investors because it provides information on activities we consider normal operations of our business, regardless of financing source and level of financing for our equipment inventory. The following table reconciles net cash provided by (used for) operating activities, a GAAP measure, to non-GAAP cash flow provided by (used for) operating activities, and net cash provided by (used for) financing activities, a GAAP measure, to non-GAAP cash flow provided by (used for) financing activities.
 
 Net Cash Provided by (Used for) Operating Activities
 
Net Cash Provided by (Used for) Financing Activities
 
Three Months Ended April 30, 2016
 
Three Months Ended April 30, 2015
 
Three Months Ended April 30, 2016
 
Three Months Ended April 30, 2015
 
 (in thousands)
 
 (in thousands)
Cash Flow, As Reported
$
(24,874
)
 
$
14,306

 
$
(550
)
 
$
(35,320
)
Net Change in Non-Manufacturer Floorplan Payable
25,117

 
(30,001
)
 
(25,117
)
 
30,001

Adjustment for Constant Equity in Equipment Inventory
(6,004
)
 
23,470

 

 

Adjusted Cash Flow
$
(5,761
)
 
$
7,775

 
$
(25,667
)
 
$
(5,319
)
Non-GAAP cash flow provided by (used for) operating activities and non-GAAP net cash provided by (used for) financing activities should be evaluated in addition to, and not considered a substitute for, or superior to, the GAAP measures of net cash provided by (used for) operating and financing activities.
Certain Information Concerning Off-Balance Sheet Arrangements
As of April 30, 2016, we did not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. We are, therefore, not exposed to any financing, liquidity, market or credit risk that could arise if we had engaged in these relationships. In the normal course of our business activities, we lease real estate, vehicles and equipment under operating leases.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Such “forward-looking” information is included in this Quarterly Report on Form 10-Q, including in “Management’s Discussion And Analysis Of Financial Condition And Results Of Operations,” as well as in our Annual Report on Form 10-K for the year ended January 31, 2016, and in other materials filed or to be filed by the Company with the Securities and Exchange Commission (as well as information included in oral statements or other written statements made or to be made by the Company).
Forward-looking statements include all statements based on future expectations and specifically include, among other things, all statements relating to our expectations regarding exchange rate and interest rate impact, the impact of farm income levels on our customers' demand for agricultural equipment and services, the impact of oil prices on market demand for equipment and services, the general market conditions of the agricultural and construction industries, equipment inventory levels, estimated realignment costs and savings, and our primary liquidity sources and adequacy of our capital resources. Any statements that are not based upon historical facts, including the outcome of events that have not yet occurred and our expectations for future performance, are forward-looking statements. The words “potential,” “believe,” “estimate,” “expect,” “intend,” “may,” “could,” “will,” “plan,” “anticipate,” and similar words and expressions are intended to identify forward-looking statements. Such statements are based upon the current beliefs and expectations of our management. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, adverse market conditions in the agricultural and construction equipment industries, and those matters identified and discussed under the section titled “Risk Factors” in our Annual Report on Form 10-K and this Quarterly Report on Form 10-Q.

27


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
We are exposed to various market risks, including changes in interest rates and foreign currency exchange rates. Market risk is the potential loss arising from adverse changes in market rates and prices, such as interest rates and foreign currency exchange rates.
Interest Rate Risk
Exposure to changes in interest rates results from borrowing activities used to fund operations. For fixed rate debt, interest rate changes affect the fair value of financial instruments but do not impact earnings or cash flows. Conversely, for floating rate debt, interest rate changes generally do not affect the fair market value but do impact future earnings and cash flows, assuming other factors are held constant. We have both fixed and floating rate financing. Some of our floating rate credit facilities contain minimum rates of interest to be charged. Based upon our interest-bearing balances and interest rates as of April 30, 2016, holding other variables constant, a one percentage point increase in interest rates for the next 12-month period would decrease pre-tax earnings and cash flow by approximately $2.5 million. Conversely, a one percentage point decrease in interest rates for the next 12-month period would result in an increase to pre-tax earnings and cash flow of approximately $2.5 million. At April 30, 2016, we had total floorplan payables of variable rate floorplan payable of $446.3 million, of which approximately $241.5 million was interest-bearing, $104.8 million was non-interest bearing and $100.0 million was effectively fixed rate due to our interest rate swap instrument. At April 30, 2016, we also had variable notes payable and long-term debt of $11.7 million, and fixed rate notes payable and long-term debt of $27.8 million.
Foreign Currency Exchange Rate Risk
Our foreign currency exposures arise as the result of our foreign operations. We are exposed to transactional foreign currency exchange rate risk through our foreign entities’ holding assets and liabilities denominated in currencies other than their functional currency. In addition, the Company is exposed to foreign currency transaction risk as the result of certain intercompany financing transactions. The Company attempts to manage its transactional foreign currency exchange rate risk through the use of derivative financial instruments, primarily foreign exchange forward contracts, or through natural hedging instruments. Based upon balances and exchange rates as of April 30, 2016, holding other variables constant, we believe that a hypothetical 10% increase or decrease in all applicable foreign exchange rates would not have a material impact on our results of operations or cash flows. As of April 30, 2016, our Ukrainian subsidiary had $1.3 million of net monetary assets denominated in Ukrainian hryvnia (UAH). We have attempted to minimize our net monetary asset position through reducing overall asset levels in Ukraine and through borrowing in UAH which serves as a natural hedging instrument offsetting our net UAH denominated assets. At certain times, currency and payment controls imposed by the National Bank of Ukraine have limited our ability to manage our net monetary asset position. The UAH devalued significantly during the six month period ended July 31, 2015, but has remained relatively stable since that time. Continued and significant devaluation of the UAH could have a material impact on our results of operations and cash flows.
In addition to transactional foreign currency exchange rate risk, we are also exposed to translational foreign currency exchange rate risk as we translate the results of operations and assets and liabilities of our foreign operations from their functional currency to the U.S. dollar. As a result, our results of operations, cash flows and net investment in our foreign operations may be adversely impacted by fluctuating foreign currency exchange rates. We believe that a hypothetical 10% increase or decrease in all applicable foreign exchange rates, holding all other variables constant, would not have a material impact on our results of operations or cash flows.
ITEM 4. CONTROLS AND PROCEDURES
(a)                                 Evaluation of disclosure controls and procedures. After evaluating the effectiveness of the Company’s disclosure controls and procedures pursuant to Rule 13a-15(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) as of the end of the period covered by this Quarterly Report, the Company’s Chief Executive Officer and Chief Financial Officer, with the participation of the Company’s management, have concluded that the Company’s disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) are effective.
(b)                                 Changes in internal controls. There has not been any change in the Company’s internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)) during its most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

28


PART II. - OTHER INFORMATION
 
ITEM 1.                LEGAL PROCEEDINGS
We are, from time to time, subject to claims and suits arising in the ordinary course of business. Such claims have, in the past, generally been covered by insurance. There can be no assurance that our insurance will be adequate to cover all liabilities that may arise out of claims brought against us, or that our insurance will cover all claims. We are not currently a party to any material litigation.
ITEM 1A.             RISK FACTORS
In addition to the other information set forth in this Quarterly Report, including the important information in “Forward-Looking Statements,” you should carefully consider the “Risk Factors” discussed in our Form 10-K for the year ended January 31, 2016 as filed with the Securities and Exchange Commission. Those factors, if they were to occur, could cause our actual results to differ materially from those expressed in our forward-looking statements in this report, and may materially adversely affect our financial condition or future results. Although we are not aware of any other factors, aside from those discussed in our Form 10-K, that we currently anticipate will cause our forward-looking statements to differ materially from our future actual results, or materially affect the Company’s financial condition or future results, additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may materially adversely affect our business, financial condition and/or operating results.
ITEM 2.                UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 
We did not have any unregistered sales of equity securities during the fiscal quarter ended April 30, 2016.
ITEM 3.                DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4.                MINE SAFETY DISCLOSURES
Not applicable.
ITEM 5.                OTHER INFORMATION
None.
ITEM 6.                EXHIBITS
Exhibits - See “Exhibit Index” on page following signatures.

29


SIGNATURES 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated:
June 2, 2016
 
 
 
TITAN MACHINERY INC.
 
 
 
 
 
 
 
 
By
/s/ Mark Kalvoda
 
 
 
Mark Kalvoda
 
 
 
Chief Financial Officer
 
 
 
(Principal Financial Officer)

30


EXHIBIT INDEX
TITAN MACHINERY INC.
FORM 10-Q
 
No.
 
Description
 
 
 
31.1
 
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
 
 
 
31.2
 
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
 
 
 
32.1
 
Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 
 
 
32.2
 
Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 
 
 
101
 
Financial statements from the Quarterly Report on Form 10-Q of the Company for the quarter ended April 30, 2016, formatted in XBRL: (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Stockholders’ Equity, (iv) the Consolidated Statements of Cash Flows, and (v) the Notes to the Consolidated Financial Statements.
 

31
EX-31.1 2 a10qfy17q1ex311.htm EXHIBIT 31.1 Exhibit


EXHIBIT 31.1
 
CERTIFICATION
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT
 
I, David J. Meyer, certify that:
 
1.
I have reviewed this report on Form 10-Q of Titan Machinery Inc.;
 
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.           Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
 
4.           The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
 
(a) 
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
(b) 
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
(c) 
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 
(d) 
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
 
5.           The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
 
(a) 
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
 
(b) 
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
Date: June 2, 2016
 
 
/s/ David J. Meyer
 
David J. Meyer
 
Board Chair and Chief Executive Officer
 



EX-31.2 3 a10qfy17q1ex312.htm EXHIBIT 31.2 Exhibit


EXHIBIT 31.2
 
CERTIFICATION
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT
 
I, Mark Kalvoda, certify that:
 
1.                                      I have reviewed this report on Form 10-Q of Titan Machinery Inc.;
 
2.                                        Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.                                     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
 
4.                                     The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
 
(a) 
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
(b) 
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
(c) 
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 
(d) 
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
 
5.                                     The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
 
(a) 
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
 
(b) 
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
Date: June 2, 2016
 
 
/s/ Mark Kalvoda
 
Mark Kalvoda
 
Chief Financial Officer



EX-32.1 4 a10qfy17q1ex321.htm EXHIBIT 32.1 Exhibit


EXHIBIT 32.1
 
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
 
In connection with the Quarterly Report of Titan Machinery Inc. (the “Company”) on Form 10-Q for the quarter ended April 30, 2016 as filed with the Securities and Exchange Commission (the “Report”), I, David J. Meyer, Board Chair and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:
 
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
 The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
Date: June 2, 2016
 
 
/s/ David J. Meyer
 
David J. Meyer
 
Board Chair and Chief Executive Officer



EX-32.2 5 a10qfy17q1ex322.htm EXHIBIT 32.2 Exhibit


EXHIBIT 32.2
 
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
 
In connection with the Quarterly Report of Titan Machinery Inc. (the “Company”) on Form 10-Q for the quarter ended April 30, 2016 as filed with the Securities and Exchange Commission (the “Report”), I, Mark Kalvoda, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:
 
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
 The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
Date: June 2, 2016
 
 
/s/ Mark Kalvoda
 
Mark Kalvoda
 
Chief Financial Officer



EX-101.INS 6 titn-20160430.xml XBRL INSTANCE DOCUMENT 0001409171 2016-02-01 2016-04-30 0001409171 us-gaap:ConvertibleDebtMember 2016-02-01 2016-04-30 0001409171 2016-05-16 0001409171 2016-04-30 0001409171 2016-01-31 0001409171 2015-02-01 2015-04-30 0001409171 us-gaap:InterestRateSwapMember 2015-02-01 2015-04-30 0001409171 us-gaap:ForeignExchangeContractMember 2016-02-01 2016-04-30 0001409171 us-gaap:ForeignExchangeContractMember 2015-02-01 2015-04-30 0001409171 us-gaap:InterestRateSwapMember 2016-02-01 2016-04-30 0001409171 us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-02-01 2016-04-30 0001409171 us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-02-01 2015-04-30 0001409171 us-gaap:AccumulatedTranslationAdjustmentMember 2015-01-31 0001409171 us-gaap:ParentMember 2015-02-01 2015-04-30 0001409171 us-gaap:RetainedEarningsMember 2016-02-01 2016-04-30 0001409171 us-gaap:AdditionalPaidInCapitalMember 2015-02-01 2015-04-30 0001409171 us-gaap:ParentMember 2015-04-30 0001409171 us-gaap:CommonStockMember 2015-01-31 0001409171 us-gaap:InterestRateContractMember 2015-04-30 0001409171 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-04-30 0001409171 us-gaap:CommonStockMember 2016-04-30 0001409171 us-gaap:AccumulatedTranslationAdjustmentMember 2016-02-01 2016-04-30 0001409171 us-gaap:AdditionalPaidInCapitalMember 2016-04-30 0001409171 us-gaap:RetainedEarningsMember 2016-01-31 0001409171 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2016-01-31 0001409171 us-gaap:AdditionalPaidInCapitalMember 2016-02-01 2016-04-30 0001409171 us-gaap:AccumulatedTranslationAdjustmentMember 2016-04-30 0001409171 us-gaap:AccumulatedTranslationAdjustmentMember 2015-02-01 2015-04-30 0001409171 us-gaap:CommonStockMember 2015-02-01 2015-04-30 0001409171 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2016-04-30 0001409171 us-gaap:NoncontrollingInterestMember 2016-02-01 2016-04-30 0001409171 us-gaap:CommonStockMember 2015-04-30 0001409171 us-gaap:InterestRateContractMember 2015-01-31 0001409171 us-gaap:AdditionalPaidInCapitalMember 2015-04-30 0001409171 us-gaap:ParentMember 2015-01-31 0001409171 us-gaap:AccumulatedTranslationAdjustmentMember 2016-01-31 0001409171 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2016-01-31 0001409171 us-gaap:ParentMember 2016-02-01 2016-04-30 0001409171 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-01-31 0001409171 us-gaap:InterestRateContractMember 2016-01-31 0001409171 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-31 0001409171 us-gaap:InterestRateContractMember 2016-02-01 2016-04-30 0001409171 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2016-02-01 2016-04-30 0001409171 us-gaap:CommonStockMember 2016-02-01 2016-04-30 0001409171 us-gaap:InterestRateContractMember 2016-04-30 0001409171 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2015-02-01 2015-04-30 0001409171 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-04-30 0001409171 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2015-01-31 0001409171 us-gaap:NoncontrollingInterestMember 2016-01-31 0001409171 us-gaap:AdditionalPaidInCapitalMember 2016-01-31 0001409171 2015-04-30 0001409171 us-gaap:NoncontrollingInterestMember 2015-02-01 2015-04-30 0001409171 us-gaap:RetainedEarningsMember 2016-04-30 0001409171 us-gaap:RetainedEarningsMember 2015-01-31 0001409171 us-gaap:NoncontrollingInterestMember 2016-04-30 0001409171 us-gaap:RetainedEarningsMember 2015-04-30 0001409171 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2015-01-31 0001409171 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-02-01 2016-04-30 0001409171 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2016-02-01 2016-04-30 0001409171 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2015-04-30 0001409171 us-gaap:NoncontrollingInterestMember 2015-04-30 0001409171 us-gaap:ParentMember 2016-04-30 0001409171 us-gaap:AccumulatedTranslationAdjustmentMember 2015-04-30 0001409171 us-gaap:NoncontrollingInterestMember 2015-01-31 0001409171 us-gaap:ParentMember 2016-01-31 0001409171 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-02-01 2015-04-30 0001409171 us-gaap:CommonStockMember 2016-01-31 0001409171 us-gaap:AdditionalPaidInCapitalMember 2015-01-31 0001409171 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2016-04-30 0001409171 us-gaap:RetainedEarningsMember 2015-02-01 2015-04-30 0001409171 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2015-04-30 0001409171 us-gaap:InterestRateContractMember 2015-02-01 2015-04-30 0001409171 2015-01-31 0001409171 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2015-02-01 2015-04-30 0001409171 us-gaap:EmployeeStockOptionMember 2015-02-01 2015-04-30 0001409171 us-gaap:EmployeeStockOptionMember 2016-02-01 2016-04-30 0001409171 us-gaap:ConvertibleDebtSecuritiesMember 2015-02-01 2015-04-30 0001409171 us-gaap:ConvertibleDebtSecuritiesMember 2016-02-01 2016-04-30 0001409171 us-gaap:ConvertibleDebtSecuritiesMember 2016-04-30 0001409171 titn:LandBuildingsAndLeaseholdImprovementsMember 2016-04-30 0001409171 us-gaap:MachineryAndEquipmentMember 2016-04-30 0001409171 us-gaap:MachineryAndEquipmentMember 2016-01-31 0001409171 us-gaap:VehiclesMember 2016-01-31 0001409171 titn:RentalFleetEquipmentMember 2016-04-30 0001409171 us-gaap:VehiclesMember 2016-04-30 0001409171 us-gaap:FurnitureAndFixturesMember 2016-01-31 0001409171 titn:LandBuildingsAndLeaseholdImprovementsMember 2016-01-31 0001409171 titn:RentalFleetEquipmentMember 2016-01-31 0001409171 us-gaap:FurnitureAndFixturesMember 2016-04-30 0001409171 titn:FloorplanLineOfCreditMember 2016-04-30 0001409171 titn:FloorplanLineOfCreditMember 2016-01-31 0001409171 titn:FloorplanLineOfCreditMember country:US 2016-02-01 2016-04-30 0001409171 titn:FloorplanLineOfCreditMember titn:OutsideofUnitedStatesMember 2016-02-01 2016-04-30 0001409171 us-gaap:RevolvingCreditFacilityMember titn:WellsFargoCreditFacilityMember us-gaap:LineOfCreditMember 2016-04-30 0001409171 titn:FloorplanLineOfCreditMember titn:WellsFargoCreditFacilityMember 2016-04-30 0001409171 titn:FloorplanLineOfCreditMember titn:CNHIndustrialCapitalCreditFacilityMember 2016-04-30 0001409171 titn:FloorplanLineOfCreditMember titn:DLLFinanceLLCMember 2016-04-30 0001409171 titn:FloorplanLineOfCreditMember titn:OutsideofUnitedStatesMember 2016-04-30 0001409171 us-gaap:ConvertibleDebtMember 2016-04-30 0001409171 us-gaap:ConvertibleDebtMember 2016-01-31 0001409171 us-gaap:ConvertibleDebtMember 2016-04-01 0001409171 us-gaap:ConvertibleDebtMember 2016-04-01 2016-04-01 0001409171 us-gaap:ConvertibleDebtMember 2015-02-01 2015-04-30 0001409171 us-gaap:ForeignExchangeForwardMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-02-01 2015-04-30 0001409171 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2015-02-01 2015-04-30 0001409171 us-gaap:ForeignExchangeForwardMember 2016-02-01 2016-04-30 0001409171 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2016-02-01 2016-04-30 0001409171 us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-02-01 2016-04-30 0001409171 us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-02-01 2015-04-30 0001409171 us-gaap:ForeignExchangeForwardMember 2015-02-01 2015-04-30 0001409171 us-gaap:ForeignExchangeForwardMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-02-01 2016-04-30 0001409171 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-02-01 2016-04-30 0001409171 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-02-01 2015-04-30 0001409171 us-gaap:ForwardContractsMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-04-30 0001409171 us-gaap:ForwardContractsMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2016-04-30 0001409171 us-gaap:ForwardContractsMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-01-31 0001409171 us-gaap:ForwardContractsMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2016-01-31 0001409171 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-01-31 0001409171 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2016-04-30 0001409171 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2016-01-31 0001409171 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2016-04-30 0001409171 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2016-02-01 2016-04-30 0001409171 us-gaap:ForwardContractsMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2013-10-09 0001409171 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2016-04-30 0001409171 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2016-04-30 0001409171 us-gaap:FairValueInputsLevel2Member 2016-04-30 0001409171 us-gaap:FairValueInputsLevel1Member 2016-04-30 0001409171 us-gaap:ForeignExchangeContractMember 2016-01-31 0001409171 us-gaap:ForeignExchangeContractMember 2016-04-30 0001409171 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2016-04-30 0001409171 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member 2016-04-30 0001409171 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2016-01-31 0001409171 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2016-01-31 0001409171 us-gaap:InterestRateSwapMember 2016-04-30 0001409171 us-gaap:FairValueInputsLevel1Member 2016-01-31 0001409171 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2016-01-31 0001409171 us-gaap:FairValueInputsLevel3Member 2016-04-30 0001409171 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2016-01-31 0001409171 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member 2016-04-30 0001409171 us-gaap:FairValueInputsLevel2Member 2016-01-31 0001409171 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member 2016-01-31 0001409171 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member 2016-01-31 0001409171 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2016-04-30 0001409171 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2016-04-30 0001409171 us-gaap:FairValueInputsLevel3Member 2016-01-31 0001409171 us-gaap:InterestRateSwapMember 2016-01-31 0001409171 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-01-31 0001409171 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-01-31 0001409171 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-04-30 0001409171 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:ConstructionMember 2016-01-31 0001409171 us-gaap:OperatingSegmentsMember titn:InternationalMember 2016-01-31 0001409171 us-gaap:OperatingSegmentsMember 2016-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:ConstructionMember 2016-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:AgricultureMember 2016-01-31 0001409171 us-gaap:CorporateAndOtherMember 2016-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:InternationalMember 2016-04-30 0001409171 us-gaap:CorporateAndOtherMember 2016-01-31 0001409171 us-gaap:OperatingSegmentsMember titn:AgricultureMember 2016-04-30 0001409171 us-gaap:OperatingSegmentsMember 2016-01-31 0001409171 us-gaap:OperatingSegmentsMember titn:InternationalMember 2015-02-01 2015-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:AgricultureMember 2016-02-01 2016-04-30 0001409171 us-gaap:CorporateAndOtherMember 2016-02-01 2016-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:ConstructionMember 2015-02-01 2015-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:AgricultureMember 2015-02-01 2015-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:ConstructionMember 2016-02-01 2016-04-30 0001409171 us-gaap:OperatingSegmentsMember titn:InternationalMember 2016-02-01 2016-04-30 0001409171 us-gaap:OperatingSegmentsMember 2015-02-01 2015-04-30 0001409171 us-gaap:OperatingSegmentsMember 2016-02-01 2016-04-30 0001409171 us-gaap:CorporateAndOtherMember 2015-02-01 2015-04-30 0001409171 us-gaap:EmployeeSeveranceMember 2016-02-01 2016-04-30 0001409171 us-gaap:ContractTerminationMember 2016-02-01 2016-04-30 0001409171 titn:AgricultureMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:EmployeeSeveranceMember titn:SharedResourceCenterMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember titn:ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember titn:ConstructionMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:ContractTerminationMember titn:ConstructionMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember titn:ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember titn:ConstructionMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:EmployeeSeveranceMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:OtherRestructuringMember 2015-02-01 2015-04-30 0001409171 titn:ConstructionMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:ContractTerminationMember titn:SharedResourceCenterMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember titn:ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:OtherRestructuringMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:EmployeeSeveranceMember titn:AgricultureMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:EmployeeSeveranceMember titn:ConstructionMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember titn:ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember titn:SharedResourceCenterMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:ContractTerminationMember 2016-02-01 2016-04-30 0001409171 titn:SharedResourceCenterMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:OtherRestructuringMember titn:ConstructionMember 2016-02-01 2016-04-30 0001409171 titn:SharedResourceCenterMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember titn:ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember 2016-02-01 2016-04-30 0001409171 titn:ConstructionMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember titn:ImpairmentofFixedAssetsNetofGainsonAssetDispositionMember titn:SharedResourceCenterMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:ContractTerminationMember titn:AgricultureMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:OtherRestructuringMember titn:ConstructionMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:OtherRestructuringMember titn:AgricultureMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:ContractTerminationMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:EmployeeSeveranceMember titn:SharedResourceCenterMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:ContractTerminationMember titn:ConstructionMember 2015-02-01 2015-04-30 0001409171 titn:AgricultureMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:ContractTerminationMember titn:AgricultureMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:EmployeeSeveranceMember titn:AgricultureMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:ContractTerminationMember titn:SharedResourceCenterMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:OtherRestructuringMember titn:AgricultureMember 2015-02-01 2015-04-30 0001409171 titn:RealignmentCostMember us-gaap:EmployeeSeveranceMember titn:ConstructionMember 2016-02-01 2016-04-30 0001409171 titn:RealignmentCostMember us-gaap:EmployeeSeveranceMember 2015-02-01 2015-04-30 0001409171 us-gaap:MinimumMember 2016-02-01 2016-04-30 0001409171 us-gaap:MaximumMember 2016-02-01 2016-04-30 xbrli:pure iso4217:USD xbrli:shares iso4217:USD titn:floorplan_line_of_credit titn:segment xbrli:shares false --01-31 Q1 2017 2016-04-30 10-Q 0001409171 21587727 Yes Accelerated Filer Titan Machinery Inc. 13148000 100000000 17059000 100000000 100000000 -2600000 -30001000 25117000 227033000 170324000 43571000 40501000 -0.280 -0.060 4599000 3743000 444780000 420700000 446304000 431100000 1601000 247000 12980000 -26996000 323393000 338374000 267893000 246956000 10371000 11826000 3 -7029000 -1882000 P7Y P5Y 109000 -87000 244983000 184874000 61520000 57509000 -14000 -16000 -206000 -206000 -206000 -408000 -408000 -408000 16863000 18322000 152000 38000 28914000 27245000 115772000 118534000 -4461000 -3559000 242491000 243736000 1026000 1026000 1026000 531000 531000 0 531000 627000 627000 627000 3591000 3768000 894000 910000 136000 133000 3475000 211000 146000 2777000 152000 0 1047875000 962176000 557579000 294891000 109706000 85699000 1006043000 919160000 529862000 267869000 121429000 86883000 858245000 822548000 189630000 183495000 77000 941000 89465000 63782000 127528000 104355000 89465000 63782000 -1300000 0.00001 0.00001 45000000 45000000 21604000 21588000 21604000 21588000 0 0 -10934000 -2782000 -1705000 -186000 -12639000 -1705000 -10934000 -2968000 -186000 -2782000 134145000 108105000 134145000 105000000 108105000 100000000 134145000 108105000 292761000 231312000 11360000 11600000 31159000 16769000 15546000 14520000 43.17 43.17 0.0231626 P3Y0M 150000000 150000000 119900000 119900000 0.073 0.073 0.0375 0.0557 0.077 0.0268 0.0156 30100000 13946000 10382000 497000 609000 11135000 10809000 6667000 6208000 125000 125000 0 125000 0 0 125000 0 0 0 0 0 0 0 0 0 125000 125000 0 0 2836000 0 2836000 2807000 198000 2609000 0.01901 -361000 -13000 0 82000 -430000 -1011000 0 0 -640000 -371000 292000 0 111000 0 181000 -144000 0 0 0 -144000 2836000 0 0 0 0 2836000 0 2836000 0 0 2836000 0 2807000 198000 0 198000 0 2609000 0 2609000 0 0 2807000 0 -0.29 -0.17 -0.29 -0.17 -709000 413000 -0.219 -0.335 -0.35 -0.35 0.357 0.066 0.117 0.021 -0.022 0.029 -0.041 -0.041 27100000 -100000 842000 2100000 0 2102000 60435000 53548000 -4488000 -5283000 -4338000 -517000 -8826000 -9022000 -1086000 -3565000 -4371000 196000 -6319000 -3758000 -2044000 -517000 519000 -5800000 -1936000 -1942000 4093000 -3327000 13011000 11862000 -6577000 781000 -522000 -9422000 -13525000 -4702000 -9092000 -14892000 5134000 5091000 2436000 2380000 3827000 1406000 993000 1337000 7684000 4667000 689464000 684829000 87807000 87673000 1047875000 1006043000 523425000 522011000 186101000 147406000 0 1000000000 450000000 110000000 275000000 117800000 75000000 38409000 26223000 793000 607000 -23173000 -25683000 -35320000 -550000 -1450000 -672000 14306000 -24874000 -6304000 -3684000 -586000 -174000 -6199000 -3616000 1557000 13333000 3 57110000 54502000 1724000 -1201000 1317000 1322000 -6191000 754000 44000 0 -5749000 8000 67000 -4630000 -5072000 367000 -1119000 -4630000 890000 0 0 902000 766000 136000 -12000 902000 -8000 -258000 0 -223000 5000 -172000 0 -148000 72000 -57000 10797000 8887000 2412000 2269000 -126000 -89000 -2124000 137000 13791000 11485000 1765000 1378000 -105000 -68000 -198000 -48000 89000 306000 112000 561000 2170000 1051000 9753000 6686000 811000 0 -443000 -158000 634000 892000 -6890000 -586000 -6304000 -6304000 -3858000 -174000 -3684000 -3684000 298951000 63460000 137754000 38149000 23051000 36537000 295616000 63241000 134454000 38275000 23053000 36593000 183179000 177082000 56552000 55389000 0 24983000 25000000 5687000 526000 1601000 152000 90000 62000 561000 251000 261000 49000 749000 304000 258000 187000 139000 85000 54000 640000 663000 298000 0 0 0 -152000 -152000 0 0 399000 0 21000 378000 0 0 0 -152000 21000 378000 247000 -152000 399000 660000 512000 99526000 95842000 353196000 239855000 81171000 32170000 178807000 78001000 28052000 284860000 32902000 30992000 531000 627000 21406000 21392000 21604000 21588000 337556000 336019000 378359000 -37000 2510000 -1099000 -1632000 240180000 -1940000 1860000 376499000 137418000 366045000 -29000 2577000 -5729000 -6704000 240505000 -1573000 155000 365890000 131114000 338349000 0 2711000 -4461000 -5500000 242491000 -1672000 793000 337556000 99526000 336626000 0 2711000 -3559000 -4734000 243736000 -1536000 607000 336019000 95842000 67000 1909000 1413000 0 0 21044000 21203000 21044000 21203000 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">LINES OF CREDIT / FLOORPLAN PAYABLE</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Floorplan Lines of Credit</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan payable balances reflect the amount owed for new equipment inventory purchased from a manufacturer and for used equipment inventory, which is primarily acquired through trade-in on equipment sales. Certain of the manufacturers from which the Company purchases new equipment inventory offer financing on these purchases, either offered directly from the manufacturer or through the manufacturers&#8217; captive finance subsidiaries. CNH Industrial America LLC's captive finance subsidiary, CNH Industrial Capital America LLC ("CNH Industrial Capital"), also provides financing of used equipment inventory. The Company also has floorplan payable balances with non-manufacturer lenders for new and used equipment inventory. Cash flows associated with manufacturer floorplan payable are reported as operating cash flows while cash flows associated with non-manufacturer floorplan payable are reported as financing cash flows in the Company's consolidated statements of cash flows. The Company has </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> significant floorplan lines of credit for U.S. operations, credit facilities related to its foreign subsidiaries, and other floorplan payable balances with non-manufacturer lenders and manufacturers other than CNH Industrial.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had discretionary floorplan lines of credit for equipment inventory purchases totaling approximately </font><font style="font-family:inherit;font-size:10pt;">$1.0 billion</font><font style="font-family:inherit;font-size:10pt;">, which includes a </font><font style="font-family:inherit;font-size:10pt;">$275.0 million</font><font style="font-family:inherit;font-size:10pt;"> Floorplan Line with Wells Fargo Bank, National Association ("Wells Fargo"), a </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;"> credit facility with CNH Industrial Capital, a </font><font style="font-family:inherit;font-size:10pt;">$110.0 million</font><font style="font-family:inherit;font-size:10pt;"> credit facility with DLL Finance LLC ("DLL Finance") and the U.S. dollar equivalent of </font><font style="font-family:inherit;font-size:10pt;">$117.8 million</font><font style="font-family:inherit;font-size:10pt;"> in credit facilities related to our foreign subsidiaries. Floorplan payables relating to these credit facilities totaled approximately </font><font style="font-family:inherit;font-size:10pt;">$431.1 million</font><font style="font-family:inherit;font-size:10pt;"> of the total floorplan payable balance of </font><font style="font-family:inherit;font-size:10pt;">$446.3 million</font><font style="font-family:inherit;font-size:10pt;"> outstanding as of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$420.7 million</font><font style="font-family:inherit;font-size:10pt;"> of the total floorplan payable balance of </font><font style="font-family:inherit;font-size:10pt;">$444.8 million</font><font style="font-family:inherit;font-size:10pt;"> outstanding as of </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">; the remaining outstanding balances relate to equipment inventory financing from manufacturers and non-manufacturer lenders other than the aforementioned lines of credit. As of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the interest-bearing U.S. floorplan payables carried various interest rates primarily ranging from </font><font style="font-family:inherit;font-size:10pt;">2.68%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">5.57%</font><font style="font-family:inherit;font-size:10pt;">, and the foreign floorplan payables carried various interest rates primarily ranging from </font><font style="font-family:inherit;font-size:10pt;">1.56%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">7.70%</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Working Capital Revolver Line</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had a </font><font style="font-family:inherit;font-size:10pt;">$75 million</font><font style="font-family:inherit;font-size:10pt;"> Working Capital Revolver Line under the Credit Facility with Wells Fargo. The Company had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> amount outstanding on this Working Capital Revolver Line as of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognized interest expense associated with its Senior Convertible Notes as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash Interest Expense</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coupon interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,337</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,406</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Noncash Interest Expense</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of debt discount</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">910</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">894</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of transaction costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,380</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,436</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited consolidated financial statements included herein have been prepared pursuant to the rules&#160;and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;) 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 (&#8220;GAAP&#8221;) 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 &#8220;Company&#8221;) 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&#8217;s Agriculture, Construction and International customers. Therefore, operating results for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-month period ended </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results that may be expected for the fiscal year ending </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">. The information contained in the balance sheet as of </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company&#8217;s Annual Report on Form&#160;10-K for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> as filed with the SEC.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Principles of Consolidation</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DERIVATIVE INSTRUMENTS</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company holds derivative instruments for the purpose of minimizing exposure to fluctuations in foreign currency exchange rates to which the Company is exposed in the normal course of its operations.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Net Investment Hedges</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To protect the value of the Company&#8217;s investments in its foreign operations against adverse changes in foreign currency exchange rates, the Company may, from time to time, hedge a portion of its net investment in one or more of its foreign subsidiaries. Gains and losses on derivative instruments that are designated and effective as a net investment hedge are included in other comprehensive income and only reclassified into earnings in the period during which the hedged net investment is sold or liquidated. Any hedge ineffectiveness is recognized in earnings immediately.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cash Flow Hedges</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October&#160;9, 2013, the Company entered into a forward-starting interest rate swap instrument, which has a notional amount of </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;">, an effective date of September&#160;30, 2014 and a maturity date of September&#160;30, 2018. The objective of the instrument is to, beginning on September&#160;30, 2014, protect the Company from changes in benchmark interest rates to which the Company is exposed through certain of its variable interest rate credit facilities. The instrument provides for a fixed interest rate of </font><font style="font-family:inherit;font-size:10pt;">1.901%</font><font style="font-family:inherit;font-size:10pt;"> up to the maturity date.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company may, from time to time, hedge foreign currency exchange rate risk arising from inventory purchases denominated in Canadian dollars through the use of foreign currency forward contracts. The maximum length of time over which the Company hedges its exposure to the variability in future cash flows associated with the Canadian dollar purchasing is less than 12 months.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interest rate swap instrument and foreign currency contracts have been designated as cash flow hedging instruments and accordingly changes in the effective portion of the fair value of the instruments are recorded in other comprehensive income and only reclassified into earnings in the period(s) in which the related hedged item affects earnings or the anticipated underlying hedged transactions are no longer probable of occurring. Any hedge ineffectiveness is recognized in earnings immediately.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative Instruments Not Designated as Hedging Instruments</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company uses foreign currency forward contracts to hedge the effects of fluctuations in exchange rates on outstanding intercompany loans. The Company does not formally designate and document such derivative instruments as hedging instruments; however, the instruments are an effective economic hedge of the underlying foreign currency exposure. Both the gain or loss on the derivative instrument and the offsetting gain or loss on the underlying intercompany loan are recognized in earnings immediately, thereby eliminating or reducing the impact of foreign currency exchange rate fluctuations on net income.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the notional value of the Company's outstanding derivative instruments.</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Notional Amount as of:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash flow hedges:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives not designated as hedging instruments:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,059</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,148</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the fair value of the Company&#8217;s outstanding derivative instruments. Asset derivatives are included in prepaid expenses and other on the consolidated balance sheets, and liability derivatives are included in accrued expenses on the consolidated balance sheets.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair&#160;Value&#160;as&#160;of:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset Derivatives:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives not designated as hedging instruments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Asset Derivatives</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liability Derivatives:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives designated as hedging instruments:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash flow hedges:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,609</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives not designated as hedging instruments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">198</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Liability Derivatives</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,807</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the gains and losses (before the related income tax effects) recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company&#8217;s derivative instruments for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">OCI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Income (Loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">OCI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Income (Loss)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td colspan="16" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dervatives Designated as Hedging Instruments:</font></div></td></tr><tr><td colspan="16" style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net investment hedges:</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">111</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="16" style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash flow hedges:</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(144</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(371</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">181</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(b)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td colspan="16" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dervatives Not Designated as Hedging Instruments:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(c)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(640</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Derivatives</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(144</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,011</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">292</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(361</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:176px;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:176px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font><font style="font-family:inherit;font-size:10pt;"> Amounts are included in floorplan interest expense in the consolidated statements of operations.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(b)</sup></font><font style="font-family:inherit;font-size:10pt;"> Amounts are included in </font><font style="font-family:inherit;font-size:10pt;">Cost of revenue - equipment</font><font style="font-family:inherit;font-size:10pt;"> in the consolidated statements of operations</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(c)</sup></font><font style="font-family:inherit;font-size:10pt;"> Amounts are included in </font><font style="font-family:inherit;font-size:10pt;">Interest income and other income (expense)</font><font style="font-family:inherit;font-size:10pt;"> in the consolidated statements of operations</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No components of the Company's net investment or cash flow hedging instruments were excluded from the assessment of hedge ineffectiveness.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;"> in pre-tax net unrealized losses associated with its interest rate swap cash flow hedging instrument recorded in accumulated other comprehensive income. The Company expects that </font><font style="font-family:inherit;font-size:10pt;">$1.3 million</font><font style="font-family:inherit;font-size:10pt;"> of pre-tax unrealized losses associated with its interest rate swap will be reclassified into income over the next 12 months.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Earnings (Loss) Per Share (&#8220;EPS&#8221;)</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery&#160;Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted EPS were computed by dividing net income attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. All anti-dilutive securities were excluded from the computation of diluted EPS.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The liabilities which are measured at fair value on a recurring basis as of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="32" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Assets</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Financial Assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Liabilities</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,609</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,609</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">198</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">198</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Financial Liabilities</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,807</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,807</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table provides details on the Senior Convertible Notes as of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. 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. Fair value of the Senior Convertible Notes was estimated based on Level&#160;2 fair value inputs. </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Estimated Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Face Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Estimated Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Face Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Senior convertible notes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,145</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">150,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FAIR VALUE OF FINANCIAL INSTRUMENTS</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The liabilities which are measured at fair value on a recurring basis as of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="32" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Assets</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Financial Assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Liabilities</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,609</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,609</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">198</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">198</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Financial Liabilities</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,807</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,807</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The valuation for the Company's foreign currency contracts and interest rate swap derivative instruments were valued using discounted cash flow analyses, an income approach, utilizing readily observable market data as inputs. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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&#160;2 fair value inputs. Based upon current borrowing rates with similar maturities, which are Level&#160;2 fair value inputs, the carrying value of long-term debt approximates the fair value as of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. The following table provides details on the Senior Convertible Notes as of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. 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. Fair value of the Senior Convertible Notes was estimated based on Level&#160;2 fair value inputs. </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Estimated Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Face Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Estimated Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Face Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Senior convertible notes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,145</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">150,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INCOME TAXES</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company incurs a provision for income taxes in jurisdictions in which it has taxable income. Generally the Company receives a benefit for income taxes in jurisdictions in which it has taxable losses unless it has recorded a valuation allowance for that jurisdiction. These losses are available to reduce future taxable income in these jurisdictions if earned within the allowable net operating loss carryforward period. The foreign jurisdictions in which the Company operates have net operating loss carryforward periods ranging from </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;"> years, with certain jurisdictions having indefinite carryforward periods.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The components of income (loss) before income taxes are as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:75%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,283</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,488</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(517</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,338</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,800</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,826</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td style="width:75%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">U.S. statutory rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign statutory rates</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State taxes on income net of federal tax benefit</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Change in valuation allowance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tax effect of Ukrainian hryvnia devaluation</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All other, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(21.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:176px;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:176px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font><font style="font-family:inherit;font-size:10pt;"> Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrainian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss).</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INVENTORIES</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">338,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">323,393</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Used equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,956</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267,893</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Parts and attachments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">87,673</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">87,807</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Work in process</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,826</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,371</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">684,829</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">689,464</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SENIOR CONVERTIBLE NOTES</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;">3.75%</font><font style="font-family:inherit;font-size:10pt;"> Senior Convertible Notes issued on April&#160;24, 2012 (&#8220;Senior Convertible Notes&#8221;) consisted of the following:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands&#160;except&#160;conversion</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">rate&#160;and&#160;conversion&#160;price)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Principal value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">150,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unamortized debt discount</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,382</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,946</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unamortized debt issuance costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,413</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,909</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value of Senior Convertible Notes</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,105</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,145</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value of equity component, net of deferred taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,546</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Conversion rate (shares of common stock per $1,000 principal amount of notes)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.1626</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Conversion price (per share of common stock)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2016, the Company repurchased </font><font style="font-family:inherit;font-size:10pt;">$30.1 million</font><font style="font-family:inherit;font-size:10pt;"> face value (</font><font style="font-family:inherit;font-size:10pt;">$27.1 million</font><font style="font-family:inherit;font-size:10pt;"> carrying value) of its Senior Convertible Notes with </font><font style="font-family:inherit;font-size:10pt;">$25.0 million</font><font style="font-family:inherit;font-size:10pt;"> in cash, and recognized a pre-tax gain of approximately </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;"> in the first quarter of fiscal 2017. This gain is included in other interest expense on the consolidated statements of operations.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognized interest expense associated with its Senior Convertible Notes as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash Interest Expense</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coupon interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,337</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,406</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Noncash Interest Expense</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of debt discount</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">910</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">894</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of transaction costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,380</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,436</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Senior Convertible Notes mature on May 1, 2019, unless earlier purchased by the Company, redeemed or converted. As of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the unamortized debt discount will be amortized over a remaining period of approximately </font><font style="font-family:inherit;font-size:10pt;">3.0 years</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the if-converted value of the Senior Convertible Notes did not exceed the principal balance. The effective interest rate of the liability component was equal to </font><font style="font-family:inherit;font-size:10pt;">7.3%</font><font style="font-family:inherit;font-size:10pt;"> for each of the statements of operations periods presented.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Guidance</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014 and August 2015, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;">. This guidance has been amended on various occasions and supersedes the revenue recognition requirements in ASC 605, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;">. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The Company will adopt this guidance on February 1, 2018, and will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Going Concern</font><font style="font-family:inherit;font-size:10pt;">. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management&#8217;s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management&#8217;s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB amended authoritative guidance on accounting for measurement of inventory, codified in ASC 330,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Inventory.</font><font style="font-family:inherit;font-size:10pt;"> The amended guidance requires inventory to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB amended authoritative guidance on leases, codified in ASC 842, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases.</font><font style="font-family:inherit;font-size:10pt;"> The amended guidance requires lessees to recognize most leases on their balance sheets related to the rights and obligations created by those leases. The new standard also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. This guidance is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The provisions of this guidance are to be applied using a modified retrospective approach, with elective reliefs, which requires application of the guidance for all periods presented. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB amended authoritative guidance on stock-based compensation, codified in ASC 718, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation. </font><font style="font-family:inherit;font-size:10pt;">The amended guidance changes the accounting for certain aspects of share-based payments, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statements of cash flows. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The manner of application varies by the various provisions of the guidance, with certain provisions applied on a retrospective or modified retrospective approach, while others are applied prospectively. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited consolidated financial statements included herein have been prepared pursuant to the rules&#160;and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;) 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 (&#8220;GAAP&#8221;) 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 &#8220;Company&#8221;) 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&#8217;s Agriculture, Construction and International customers. Therefore, operating results for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-month period ended </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results that may be expected for the fiscal year ending </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">. The information contained in the balance sheet as of </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company&#8217;s Annual Report on Form&#160;10-K for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> as filed with the SEC.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Nature of Business</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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&#8217;s North American stores are located in Arizona, Colorado,&#160;Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Romania, Serbia and Ukraine.&#160;</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, initial valuation and impairment of intangible assets, collectability of receivables, and income taxes.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Principles of Consolidation</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Earnings (Loss) Per Share (&#8220;EPS&#8221;)</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery&#160;Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted EPS were computed by dividing net income attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. All anti-dilutive securities were excluded from the computation of diluted EPS.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the calculation of the denominator for basic and diluted EPS:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands,&#160;except&#160;per&#160;share&#160;data)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic Weighted-Average Common Shares Outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,203</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,044</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Plus: Incremental Shares From Assumed Exercise of Stock Options</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted Weighted-Average Common Shares Outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,203</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,044</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock Options</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">211</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shares Underlying Senior Convertible Notes (conversion price of $43.17)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,777</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,475</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings (Loss) per Share - Basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.29</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings (Loss) per Share - Diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.17</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.29</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Guidance</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014 and August 2015, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;">. This guidance has been amended on various occasions and supersedes the revenue recognition requirements in ASC 605, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;">. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The Company will adopt this guidance on February 1, 2018, and will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Going Concern</font><font style="font-family:inherit;font-size:10pt;">. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management&#8217;s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management&#8217;s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB amended authoritative guidance on accounting for measurement of inventory, codified in ASC 330,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Inventory.</font><font style="font-family:inherit;font-size:10pt;"> The amended guidance requires inventory to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB amended authoritative guidance on leases, codified in ASC 842, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases.</font><font style="font-family:inherit;font-size:10pt;"> The amended guidance requires lessees to recognize most leases on their balance sheets related to the rights and obligations created by those leases. The new standard also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. This guidance is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The provisions of this guidance are to be applied using a modified retrospective approach, with elective reliefs, which requires application of the guidance for all periods presented. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB amended authoritative guidance on stock-based compensation, codified in ASC 718, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation. </font><font style="font-family:inherit;font-size:10pt;">The amended guidance changes the accounting for certain aspects of share-based payments, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statements of cash flows. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The manner of application varies by the various provisions of the guidance, with certain provisions applied on a retrospective or modified retrospective approach, while others are applied prospectively. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PROPERTY AND EQUIPMENT</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental fleet equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,454</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">137,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Machinery and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,053</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,051</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vehicles</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,593</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,537</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Furniture and fixtures</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,275</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,149</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land, buildings, and leasehold improvements</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,241</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">295,616</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">298,951</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(118,534</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(115,772</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">177,082</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">183,179</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental fleet equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,454</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">137,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Machinery and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,053</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,051</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vehicles</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,593</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,537</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Furniture and fixtures</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,275</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,149</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land, buildings, and leasehold improvements</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,241</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">295,616</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">298,951</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(118,534</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(115,772</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">177,082</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">183,179</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">STORE CLOSINGS AND REALIGNMENT COSTS</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exit costs associated with the Company's store closings and realignment activities are summarized in the following table. Such costs are included in Impairment and Realignment Costs in the consolidated statements of operations.</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Agriculture Segment</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(152</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">304</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset relocation and other closing costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(152</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">640</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Construction Segment</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">261</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">258</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impairment of fixed assets, net of gains on asset disposition</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset relocation and other closing costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">663</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shared Resource Center</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">378</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">187</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impairment of fixed assets, net of gains on asset disposition</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">378</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">298</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(152</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">561</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">399</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">749</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impairment of fixed assets, net of gains on asset disposition</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">152</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset relocation and other closing costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">247</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,601</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:176px;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:176px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font><font style="font-family:inherit;font-size:10pt;"> Net of gain on changes in lease termination accrual assumptions</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:</font><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Amount</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, January 31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">660</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exit costs incurred and charged to expense</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">399</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exit costs paid</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(89</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(306</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, April 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">512</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;">3.75%</font><font style="font-family:inherit;font-size:10pt;"> Senior Convertible Notes issued on April&#160;24, 2012 (&#8220;Senior Convertible Notes&#8221;) consisted of the following:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands&#160;except&#160;conversion</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">rate&#160;and&#160;conversion&#160;price)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Principal value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">150,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unamortized debt discount</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,382</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,946</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unamortized debt issuance costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,413</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,909</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value of Senior Convertible Notes</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,105</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,145</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value of equity component, net of deferred taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,546</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Conversion rate (shares of common stock per $1,000 principal amount of notes)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.1626</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Conversion price (per share of common stock)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the gains and losses (before the related income tax effects) recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company&#8217;s derivative instruments for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">OCI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Income (Loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">OCI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Income (Loss)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td colspan="16" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dervatives Designated as Hedging Instruments:</font></div></td></tr><tr><td colspan="16" style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net investment hedges:</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">111</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="16" style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash flow hedges:</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(144</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(371</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">181</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(b)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td colspan="16" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dervatives Not Designated as Hedging Instruments:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(c)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(640</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Derivatives</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(144</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,011</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">292</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(361</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:176px;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:176px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font><font style="font-family:inherit;font-size:10pt;"> Amounts are included in floorplan interest expense in the consolidated statements of operations.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(b)</sup></font><font style="font-family:inherit;font-size:10pt;"> Amounts are included in </font><font style="font-family:inherit;font-size:10pt;">Cost of revenue - equipment</font><font style="font-family:inherit;font-size:10pt;"> in the consolidated statements of operations</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(c)</sup></font><font style="font-family:inherit;font-size:10pt;"> Amounts are included in </font><font style="font-family:inherit;font-size:10pt;">Interest income and other income (expense)</font><font style="font-family:inherit;font-size:10pt;"> in the consolidated statements of operations</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the calculation of the denominator for basic and diluted EPS:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands,&#160;except&#160;per&#160;share&#160;data)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic Weighted-Average Common Shares Outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,203</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,044</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Plus: Incremental Shares From Assumed Exercise of Stock Options</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted Weighted-Average Common Shares Outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,203</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,044</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock Options</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">211</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shares Underlying Senior Convertible Notes (conversion price of $43.17)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,777</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,475</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings (Loss) per Share - Basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.29</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings (Loss) per Share - Diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.17</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.29</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td style="width:75%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">U.S. statutory rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign statutory rates</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State taxes on income net of federal tax benefit</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Change in valuation allowance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tax effect of Ukrainian hryvnia devaluation</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All other, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(21.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:176px;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:176px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font><font style="font-family:inherit;font-size:10pt;"> Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrainian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss).</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the fair value of the Company&#8217;s outstanding derivative instruments. Asset derivatives are included in prepaid expenses and other on the consolidated balance sheets, and liability derivatives are included in accrued expenses on the consolidated balance sheets.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair&#160;Value&#160;as&#160;of:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset Derivatives:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives not designated as hedging instruments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Asset Derivatives</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liability Derivatives:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives designated as hedging instruments:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash flow hedges:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,609</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives not designated as hedging instruments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">198</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Liability Derivatives</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,807</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,836</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The components of income (loss) before income taxes are as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:75%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,283</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,488</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(517</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,338</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,800</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,826</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">338,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">323,393</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Used equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,956</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267,893</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Parts and attachments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">87,673</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">87,807</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Work in process</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,826</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,371</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">684,829</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">689,464</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the notional value of the Company's outstanding derivative instruments.</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Notional Amount as of:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash flow hedges:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives not designated as hedging instruments:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency contracts</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,059</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,148</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exit costs associated with the Company's store closings and realignment activities are summarized in the following table. Such costs are included in Impairment and Realignment Costs in the consolidated statements of operations.</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Agriculture Segment</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(152</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">304</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset relocation and other closing costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(152</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">640</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Construction Segment</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">261</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">258</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impairment of fixed assets, net of gains on asset disposition</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset relocation and other closing costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">663</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shared Resource Center</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">378</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">187</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impairment of fixed assets, net of gains on asset disposition</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">378</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">298</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(152</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">561</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">399</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">749</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impairment of fixed assets, net of gains on asset disposition</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">152</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset relocation and other closing costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">247</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,601</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:176px;border-collapse:collapse;text-align:left;"><tr><td colspan="1" rowspan="1"></td></tr><tr><td style="width:176px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(a)</sup></font><font style="font-family:inherit;font-size:10pt;"> Net of gain on changes in lease termination accrual assumptions</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:</font><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Amount</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, January 31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">660</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exit costs incurred and charged to expense</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">399</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exit costs paid</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease termination costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(89</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee severance costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(306</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, April 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">512</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain financial information for each of the Company&#8217;s business segments is set forth below.&#160;</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Agriculture</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">178,807</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239,855</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,001</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">81,171</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,052</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,170</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284,860</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">353,196</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income (Loss) Before Income Taxes</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Agriculture</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,758</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,086</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,044</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,565</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(517</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,371</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment income (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,319</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shared Resources</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">519</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">196</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,800</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,826</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Assets</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Agriculture</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">529,862</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">557,579</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">294,891</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,429</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,706</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">919,160</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">962,176</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shared Resources</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,883</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,699</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,006,043</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,047,875</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SEGMENT INFORMATION AND OPERATING RESULTS</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> 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 &#8220;Shared Resources&#8221; in the table below. Shared Resources assets primarily consist of cash, deferred tax assets and property and equipment.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain financial information for each of the Company&#8217;s business segments is set forth below.&#160;</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended April 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Agriculture</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">178,807</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239,855</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,001</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">81,171</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,052</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,170</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284,860</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">353,196</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income (Loss) Before Income Taxes</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Agriculture</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,758</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,086</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,044</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,565</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(517</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,371</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment income (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,319</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shared Resources</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">519</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">196</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,800</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,826</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">April&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">January&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Assets</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Agriculture</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">529,862</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">557,579</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">294,891</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,429</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,706</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">919,160</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">962,176</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shared Resources</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,883</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,699</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,006,043</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,047,875</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, initial valuation and impairment of intangible assets, collectability of receivables, and income taxes.</font></div></div> EX-101.SCH 7 titn-20160430.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2101100 - Disclosure - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 2401403 - Disclosure - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 2201201 - Disclosure - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 2301302 - Disclosure - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 1005501 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) link:presentationLink link:calculationLink link:definitionLink 1003501 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - DERIVATIVE INSTRUMENTS link:presentationLink link:calculationLink link:definitionLink 2406404 - Disclosure - DERIVATIVE INSTRUMENTS DERIVATE INSTRUMENTS (Details 3) link:presentationLink link:calculationLink link:definitionLink 2406405 - Disclosure - DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS NARRATIVE (Details) link:presentationLink link:calculationLink link:definitionLink 2406403 - Disclosure - DERIVATIVE INSTRUMENTS DERIVATIVES INSTRUMENTS (Details 2) link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - DERIVATIVE INSTRUMENTS (Details 1) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - DERIVATIVE INSTRUMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - INCOME TAXES INCOME TAXES (Details) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - INCOME TAXES (Tables) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - INVENTORIES link:presentationLink link:calculationLink link:definitionLink 2402402 - Disclosure - INVENTORIES (Details) link:presentationLink link:calculationLink link:definitionLink 2302301 - Disclosure - INVENTORIES (Tables) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - LINES OF CREDIT / FLOORPLAN PAYABLE link:presentationLink link:calculationLink link:definitionLink 2404401 - Disclosure - LINES OF CREDIT / FLOORPLAN PAYABLE (Details) link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - PROPERTY AND EQUIPMENT link:presentationLink link:calculationLink link:definitionLink 2403402 - Disclosure - PROPERTY AND EQUIPMENT (Details) link:presentationLink link:calculationLink link:definitionLink 2303301 - Disclosure - PROPERTY AND EQUIPMENT (Tables) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - SEGMENT INFORMATION AND OPERATING RESULTS link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - SEGMENT INFORMATION AND OPERATING RESULTS (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - SEGMENT INFORMATION AND OPERATING RESULTS (Tables) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - SENIOR CONVERTIBLE NOTES link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - SENIOR CONVERTIBLE NOTES (Details) link:presentationLink link:calculationLink link:definitionLink 2405403 - Disclosure - SENIOR CONVERTIBLE NOTES (Details 2) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - SENIOR CONVERTIBLE NOTES (Tables) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - STORE CLOSINGS AND REALIGNMENT COST link:presentationLink link:calculationLink link:definitionLink 2409402 - Disclosure - STORE CLOSINGS AND REALIGNMENT COST (Details) link:presentationLink link:calculationLink link:definitionLink 2409403 - Disclosure - STORE CLOSINGS AND REALIGNMENT COST (Details 2) link:presentationLink link:calculationLink link:definitionLink 2309301 - Disclosure - STORE CLOSINGS AND REALIGNMENT COST (Tables) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 titn-20160430_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 titn-20160430_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 titn-20160430_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Segment Reporting [Abstract] Schedule of financial information of business segments Schedule of Segment Reporting Information, by Segment [Table Text Block] Property, Plant and Equipment [Abstract] Schedule of Property, Plant and Equipment [Table] Property, Plant and Equipment [Table] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Rental fleet equipment Rental Fleet Equipment [Member] Represents information pertaining to rental fleet equipment. Machinery and equipment Machinery and Equipment [Member] Vehicles Vehicles [Member] Furniture and fixtures Furniture and Fixtures [Member] Land, buildings, and leasehold improvements Land, Buildings and Leasehold Improvements [Member] Represents information pertaining to land, buildings and leasehold improvements. PROPERTY AND EQUIPMENT Property, Plant and Equipment [Line Items] Property and equipment, gross Property, Plant and Equipment, Gross Less accumulated depreciation Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Property and equipment, net Property, Plant and Equipment, Net Derivative Instruments and Hedging Activities Disclosure [Abstract] Schedule of notional amounts of outstanding derivative positions Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] Schedule of fair value of outstanding derivative instruments Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] Schedule of gains and losses recognized on derivative instruments Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] Statement of Financial Position [Abstract] Allowance for Doubtful Accounts Receivable Allowance for Doubtful Accounts Receivable, Current Common stock, par value, in dollars per share Common Stock, Par or Stated Value Per Share Common stock, shares authorized Common Stock, Shares Authorized Common stock, shares issued Common Stock, Shares, Issued Common stock, shares outstanding Common Stock, Shares, Outstanding Assets Assets [Abstract] Current Assets Assets, Current [Abstract] Cash Cash Receivables (net of allowance of $3,768 and $3,591 as of April 30, 2016 and January 31, 2016, respectively) Receivables, Net, Current Inventories Inventory, Net Prepaid expenses and other Prepaid Expense and Other Assets, Current Income taxes receivable Income Taxes Receivable, Current Total current assets Assets, Current Noncurrent Assets Assets Noncurrent Excluding Property, Plant and Equipment [Abstract] -- None. No documentation exists for this element. -- Intangible assets, net of accumulated amortization Intangible Assets, Net (Excluding Goodwill) Property and equipment, net of accumulated depreciation Other Other Assets, Noncurrent Total noncurrent assets Assets, Noncurrent Total Assets Assets Liabilities and Stockholders' Equity Liabilities and Equity [Abstract] Current Liabilities Liabilities, Current [Abstract] Accounts payable Accounts Payable, Current Floorplan payable Floorplan Notes Payable Carrying value as of the balance sheet date of amounts borrowed to finance the purchase of new and used equipment inventories with manufacturer finance companies or other financial institutions. Current maturities of long-term debt Notes and Loans Payable, Current Customer deposits Customer Advances, Current Accrued expenses Accrued Liabilities, Current Income taxes payable Accrued Income Taxes, Current Total current liabilities Liabilities, Current Long-Term Liabilities Liabilities, Noncurrent [Abstract] Senior convertible notes Convertible Debt, Noncurrent Long-term debt, less current maturities Notes and Loans, Noncurrent Deferred income taxes Deferred Tax Liabilities, Net, Noncurrent Other long-term liabilities Other Liabilities, Noncurrent Total long-term liabilities Liabilities, Noncurrent Commitments and Contingencies Commitments and Contingencies Stockholders' Equity Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] Common stock, par value $.00001 per share, 45,000 shares authorized; 21,588 shares issued and outstanding at April 30, 2016; 21,604 shares issued and outstanding at January 31, 2016 Common Stock, Value, Issued Additional paid-in-capital Additional Paid in Capital, Common Stock Retained earnings Retained Earnings (Accumulated Deficit) Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax Total Titan Machinery Inc. stockholders' equity Stockholders' Equity Attributable to Parent Noncontrolling interest Stockholders' Equity Attributable to Noncontrolling Interest Total stockholders' equity Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Total Liabilities and Stockholders' Equity Liabilities and Equity Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table] Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table] Derivative, by Nature [Axis] Derivative, by Nature [Axis] Derivative, Name [Domain] Derivative, Name [Domain] Forward-starting contract Forward Contracts [Member] Derivative Instrument [Axis] Derivative Instrument [Axis] Derivative Contract [Domain] Derivative Contract [Domain] Interest Rate Swap Interest Rate Swap [Member] Foreign currency contracts Foreign Exchange Forward [Member] Hedging Designation [Axis] Hedging Designation [Axis] Hedging Designation [Domain] Hedging Designation [Domain] Designated as Hedging Instrument Designated as Hedging Instrument [Member] Not designated as hedging instruments Not Designated as Hedging Instrument [Member] Hedging Relationship [Axis] Hedging Relationship [Axis] Hedging Relationship [Domain] Hedging Relationship [Domain] Net Investment Hedges Net Investment Hedging [Member] Cash Flow Hedges Cash Flow Hedging [Member] DERIVATIVE INSTRUMENTS Derivatives, Fair Value [Line Items] Fixed interest rate (as a percent) Derivative, Fixed Interest Rate Notional amount outstanding Derivative, Notional Amount Income Tax Disclosure [Abstract] INCOME TAXES Income Tax Disclosure [Text Block] Fair Value Disclosures [Abstract] Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value, Hierarchy [Axis] Fair Value, Hierarchy [Axis] Fair Value Hierarchy [Domain] Fair Value Hierarchy [Domain] Fair Value, Inputs, Level 1 Fair Value, Inputs, Level 1 [Member] Fair Value, Inputs, Level 2 Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 3 Fair Value, Inputs, Level 3 [Member] Foreign Exchange Contract Foreign Exchange Contract [Member] Measurement Basis [Axis] Measurement Basis [Axis] Fair Value Measurement [Domain] Fair Value Measurement [Domain] Portion at Fair Value Measurement Portion at Fair Value Measurement [Member] Estimate of Fair Value Measurement Estimate of Fair Value Measurement [Member] Reported Value Measurement Reported Value Measurement [Member] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Financial Assets Derivative Asset Financial Liability Derivative Liability Senior Convertible Notes Convertible Debt, Fair Value Disclosures Principal value Debt Instrument, Face Amount Accounting Policies [Abstract] Basis of Presentation Basis of Accounting, Policy [Policy Text Block] Estimates Use of Estimates, Policy [Policy Text Block] Principles of Consolidation Consolidation, Policy [Policy Text Block] Earnings (Loss) Per Share (EPS) Earnings Per Share, Policy [Policy Text Block] New Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Statement of Stockholders' Equity [Abstract] Statement [Table] Statement [Table] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Common Stock Common Stock [Member] Additional Paid-In Capital Additional Paid-in Capital [Member] Retained Earnings Retained Earnings [Member] Foreign Currency Translation Adjustments Accumulated Foreign Currency Adjustment Attributable to Parent [Member] Unrealized Gains (Losses) on Net Investment Hedges Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] Unrealized Gains (Losses) on Interest Rate Swap Cash Flow Hedges Interest Rate Contract [Member] Unrealized Gains (Losses) on Foreign Currency Contract Cash Flow Hedges Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] Accumulated Other Comprehensive Income (Loss) AOCI Attributable to Parent [Member] Total Titan Machinery Inc. Stockholders' Equity Parent [Member] Noncontrolling Interest Noncontrolling Interest [Member] Statement Statement [Line Items] Increase (Decrease) in Stockholders' Equity Increase (Decrease) in Stockholders' Equity [Roll Forward] Balance Balance (in shares) Shares, Outstanding Common stock issued on grant of restricted stock (net of forfeitures and shares withheld for income taxes), exercise of stock options, and tax benefits of equity awards Stock Issued During Period, Value of Restricted Stock Award Stock Options Exercised Warrants Exercised and Tax Benefits of Equity Awards Represents the value of stock issued during the period as a result of restricted stock awards issued, exercise of stock options, warrants and tax benefits of equity awards. Common stock issued on grant of restricted stock, exercise of stock options, and tax benefits of equity awards (in shares) Stock Issued During Period, Share of Restricted Stock Award Stock Options Exercised and Warrants and Tax Benefits of Equity Awards Represents the number of stock issued during the period as a result of restricted stock awards issued, exercise of stock options, warrants and tax benefits of equity awards. Stock-based compensation expense Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Repurchase of Senior Convertible Notes Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments Comprehensive income (loss): Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract] Net loss Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Other comprehensive income (loss) Other Comprehensive Income (Loss), Net of Tax Comprehensive Income (Loss) Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Balance Balance (in shares) Schedule of Income Before Income Tax Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] Schedule of Effective Income Tax Rate Reconciliation Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Fair Value of Derivative Asset Derivative Asset, Fair Value, Gross Asset Fair Value of Derivative Liability Derivative Liability, Fair Value, Gross Liability Statement of Comprehensive Income [Abstract] Reclassification out of Accumulated Other Comprehensive Income [Axis] Reclassification out of Accumulated Other Comprehensive Income [Axis] Reclassification out of Accumulated Other Comprehensive Income [Domain] Reclassification out of Accumulated Other Comprehensive Income [Domain] Net Income (Loss) Including Noncontrolling Interest Other Comprehensive Income (Loss) Other Comprehensive Income (Loss), Net of Tax [Abstract] Foreign currency translation adjustments Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax Unrealized gain on net investment hedge derivative instruments, net of tax expense of $44 for the three months ended April 30, 2015 Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax Unrealized gain (loss) on interest rate swap cash flow hedge derivative instrument, net of tax expense (benefit) of ($57) and $72 for the three months ended April 30, 2016 and 2015, respectively Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Derivatives Arising During Period, Net of Tax Amount after tax of increase (decrease) in accumulated gain (loss) from interest rate derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Unrealized gain (loss) on foreign currency contract cash flow hedge derivative instruments, net of tax gain of $0 for the three months ended April 30, 2015 Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Foreign Currency Derivatives Arising During Period, Net of Tax Amount after tax of increase (decrease) in accumulated gain (loss) from foreign currency derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax Comprehensive Income (Loss) Attributable to Noncontrolling Interest Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest Comprehensive Income (Loss) Attributable To Titan Machinery Inc. Comprehensive Income (Loss), Net of Tax, Attributable to Parent Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum Minimum [Member] Maximum Maximum [Member] Operating Loss Carryforward Period Operating Loss Carryforward Period Operating Loss Carryforward Period Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract] U.S. Income (Loss) from Continuing Operations before Income Taxes, Domestic Foreign Income (Loss) from Continuing Operations before Income Taxes, Foreign Income (Loss) Before Income Taxes Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest Effective Income Tax Rate Reconciliation, Percent [Abstract] U.S. statutory rate (as a percent) Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent Foreign statutory rates (as a percent) Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent States taxes on income net of federal tax benefit (as a percent) Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent Change in valuation allowance (as a percent) Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent Tax effect of Ukrainian hryvnia devaluation (as a percent) Effective Income Tax Rate Reconciliation, Currency Devaluation Effective Income Tax Rate Reconciliation, Currency Devaluation All other, net (as a percent) Effective Income Tax Rate Reconciliation, Other Adjustments, Percent Effective tax rate (as a percent) Effective Income Tax Rate Reconciliation, Percent Line of Credit Facility [Abstract] LINES OF CREDIT / FLOORPLAN PAYABLE Lines of Credit Floorplan Notes Payable [Text Block] The entire disclosure for information about lines of credit and floorplan notes payable arrangements, which includes amounts of borrowings under each significant line of credit and floorplan notes payable arrangement, and about the underlying arrangements, rationale for a classification as current or long-term liabilities, repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with covenants, and other matters important to users of the financial statements. Restructuring and Related Activities [Abstract] STORE CLOSINGS AND REALIGNMENT COSTS Restructuring and Related Activities Disclosure [Text Block] Schedule of calculation of basic and diluted EPS Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Derivative Instruments, Gain (Loss) [Table] Derivative Instruments, Gain (Loss) [Table] Derivative Instruments, Gain (Loss) Derivative Instruments, Gain (Loss) [Line Items] Amount of Gain (Loss) Recognized in Other Comprehensive Income Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net Amount of Gain (Loss) Recognized in Income Derivative, Gain (Loss) on Derivative, Net Amount of Hedge Ineffectiveness Gain (Loss) Recognized in Income Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net SEGMENT INFORMATION AND OPERATING RESULTS Segment Reporting Disclosure [Text Block] Fair Value Measurements, Recurring and Nonrecurring Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] Fair Value of Senior Convertible Notes Fair Value, by Balance Sheet Grouping [Table Text Block] Number of reportable segments Number of Reportable Segments Schedule of Segment Reporting Information, by Segment [Table] Schedule of Segment Reporting Information, by Segment [Table] Consolidation Items [Axis] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Operating Segments Operating Segments [Member] Business Segments [Axis] Segments [Axis] Segment [Domain] Segments [Domain] Agriculture Agriculture [Member] Represents information pertaining to the agriculture segment of the entity. Construction Construction [Member] Represents information pertaining to the construction segment of the entity. International International [Member] International [Member] Shared Resources Corporate and Other [Member] SEGMENT INFORMATION AND OPERATING RESULTS Segment Reporting Information [Line Items] Revenue Revenues Income (Loss) Before Income Taxes Total Assets SENIOR CONVERTIBLE NOTES -- None. No documentation exists for this element. -- Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Convertible Notes Convertible Debt [Member] SENIOR CONVERTIBLE NOTES Debt Instrument [Line Items] Convertible notes Long-term Debt, Excluding Current Maturities [Abstract] Unamortized debt discount Debt Instrument, Unamortized Discount Unamortized debt issuance costs Unamortized Debt Issuance Expense Carrying value of Senior Convertible Notes Convertible Debt Carrying value of equity component, net of deferred taxes Debt Instrument, Convertible, Carrying Amount of Equity Component Conversion rate Debt Instrument, Convertible, Conversion Ratio Conversion price (per share of common stock) Debt Instrument, Convertible, Conversion Price Debt Instrument, Repurchased Face Amount Debt Instrument, Repurchased Face Amount Extinguishment of Debt, Amount Extinguishment of Debt, Amount Repayments of Debt Repayments of Debt Gains (Losses) on Extinguishment of Debt Gains (Losses) on Extinguishment of Debt Coupon interest expense Interest Expense, Debt Amortization of debt discount Amortization of Debt Discount (Premium) Amortization of transaction costs Amortization of Financing Costs Interest Expense Interest Expense Remaining period over which unamortized debt discount will be amortized Debt Instrument, Convertible, Remaining Discount Amortization Period Effective interest rate (as a percent) Debt Instrument, Interest Rate During Period Senior Convertible Notes SENIOR CONVERTIBLE NOTES Long-term Debt [Text Block] PROPERTY AND EQUIPMENT Property, Plant and Equipment Disclosure [Text Block] Schedule of Restructuring and Related Costs [Table] Schedule of Restructuring and Related Costs [Table] Restructuring Type [Axis] Restructuring Type [Axis] Type of Restructuring [Domain] Type of Restructuring [Domain] Lease termination costs Contract Termination [Member] Employee severance costs Employee Severance [Member] Realignment Costs Restructuring Cost and Reserve [Line Items] Realignment Reserve [Roll Forward] Restructuring Reserve [Roll Forward] Balance, January 31, 2016 Restructuring Reserve Exit costs incurred and charged to expense Restructuring Charges Exit costs paid Payments for Restructuring Balance, April 30, 2016 BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] Document and Entity Information -- None. No documentation exists for this element. -- Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Document Type Document Type Document Period End Date Document Period End Date Amendment Flag Amendment Flag Current Fiscal Year End Date Current Fiscal Year End Date Entity Current Reporting Status Entity Current Reporting Status Entity Filer Category Entity Filer Category Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Interest Rate Contract Tax expense (benefit) on unrealized gain (loss) on net investment hedge derivative instruments Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax Tax expense (benefit) on unrealized gain (loss) on cash flow hedge derivative instruments Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax Tax expense (benefit) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax Inventory Disclosure [Abstract] INVENTORIES Inventory Disclosure [Text Block] Statement of Cash Flows [Abstract] Operating Activities Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract] Net income (loss) including noncontrolling interest Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used for) operating activities Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation and amortization Depreciation, Depletion and Amortization Impairment Asset Impairment Charges Deferred income taxes Deferred Income Tax Expense (Benefit) Stock-based compensation expense Share-based Compensation Noncash interest expense Paid-in-Kind Interest Unrealized foreign currency (gain) loss on loans to international subsidiaries Foreign Currency Transaction Gain (Loss), before Tax Gain on repurchase of Senior Convertible Notes Other, net Other Noncash Income (Expense) Changes in assets and liabilities Increase (Decrease) in Operating Capital [Abstract] Receivables, prepaid expenses and other assets Increase (Decrease) in Other Current Assets Inventories Increase (Decrease) in Inventories Manufacturer floorplan payable Increase (Decrease) in Floorplan Notes Payable The increase (decrease) during the reporting period of amounts borrowed from manufacturer finance companies to finance the purchase of equipment inventories. Accounts payable, customer deposits, accrued expenses and other long-term liabilities Increase (Decrease) in Other Operating Liabilities Income taxes Increase (Decrease) in Income Taxes Payable Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used in) Operating Activities, Continuing Operations Investing Activities Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract] Rental fleet purchases Payments to Acquire Machinery and Equipment Property and equipment purchases (excluding rental fleet) Payments to Acquire Property, Plant, and Equipment Proceeds from sale of property and equipment Proceeds from Sale of Property, Plant, and Equipment Payments to Acquire Businesses, Net of Cash Acquired Payments to Acquire Businesses, Net of Cash Acquired Proceeds upon settlement of net investment hedge derivative instruments Proceeds from Hedge, Investing Activities Payments upon settlement of net investment hedge derivative instruments Payments for Hedge, Investing Activities Other, net Payments for (Proceeds from) Other Investing Activities Net Cash Used for Investing Activities Net Cash Provided by (Used in) Investing Activities, Continuing Operations Financing Activities Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract] Net change in non-manufacturer floorplan payable Change in Non Manufacturer Floorplan Notes Payable The increase (decrease) during the reporting period of amounts borrowed from financial institutions other than manufacturer finance companies to finance the purchase of equipment inventories. Repurchase of Senior Convertible Notes Repayments of Convertible Debt Proceeds from long-term debt borrowings Proceeds from Issuance of Long-term Debt Principal payments on long-term debt Repayments of Long-term Debt Payments of Debt Issuance Costs Payments of Debt Issuance Costs Other, net Proceeds from (Payments for) Other Financing Activities Net Cash Used for Financing Activities Net Cash Provided by (Used in) Financing Activities, Continuing Operations Effect of Exchange Rate Changes on Cash Effect of Exchange Rate on Cash and Cash Equivalents, Continuing Operations Net Change in Cash Net Cash Provided by (Used in) Continuing Operations Cash at Beginning of Period Cash and Cash Equivalents, at Carrying Value Cash at End of Period Supplemental Disclosures of Cash Flow Information Supplemental Cash Flow Information [Abstract] Cash paid during the period Cash Paid During the Period [Abstract] -- None. No documentation exists for this element. -- Income taxes, net of refunds Income Taxes Paid, Net Interest Interest Paid, Net Supplemental Disclosures of Noncash Investing and Financing Activities Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Net property and equipment financed with long-term debt, accounts payable and accrued liabilities Capital Expenditures Incurred but Not yet Paid Long-term debt extinguished upon sale of property and equipment Noncash or Part Noncash Divestiture, Amount of Consideration Received Net transfer of assets to (from) property and equipment from (to) inventories Net Transfer of Equipment to from Fixed Assets from to Inventories This element represents the net transfer of equipment to (from) fixed assets from (to) inventories during the reporting period. Schedule of 3.75% Senior Convertible Notes Schedule of Long-term Debt Instruments [Table Text Block] Senior Convertible Notes Interest Expense Senior Convertible Notes Interest Expense [Table Text Block] Schedule of Senior Convertible Notes Interest Expense [Table Text Block] Line of Credit Facility [Table] Line of Credit Facility [Table] Credit Facility Line of Credit [Member] Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] Wells Fargo Credit Facility Wells Fargo Credit Facility [Member] Wells Fargo Credit Facility [Member] CNH Industrial Capital Credit Facility CNH Industrial Capital Credit Facility [Member] CNH Industrial Capital Credit Facility [Member] DLL Finance LLC [Member] DLL Finance LLC [Member] Represents information pertaining to DLL Finance LLC Credit Facility [Axis] Credit Facility [Axis] Credit Facility [Domain] Credit Facility [Domain] Floorplan Line of Credit Floorplan Line of Credit [Member] Represents a revolving line of credit that allows the borrower to obtain short-term financing for new and used equipment inventories. Amounts outstanding are recorded as floorplan notes payable in current liabilities. Working Capital Revolver Line Revolving Credit Facility [Member] Geographical [Axis] Geographical [Axis] Geographical [Domain] Geographical [Domain] U.S. UNITED STATES Foreign Outside of United States [Member] Outside of United States [Member] LINES OF CREDIT / FLOORPLAN NOTES PAYABLE Line of Credit Facility [Line Items] Number of significant floorplan lines of credit Line of Credit Facility, Number of Floorplan Lines of Credit Line of Credit Facility, Number of Floorplan Lines of Credit Maximum borrowing capacity Line of Credit Facility, Maximum Borrowing Capacity Interest rate, minimum (as a percent) Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum Interest rate, maximum (as a percent) Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum Amount outstanding Long-term Line of Credit Schedule of property and equipment Property, Plant and Equipment [Table Text Block] FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value Disclosures [Text Block] Income Statement [Abstract] Revenue Revenues [Abstract] Equipment Sales Revenue Equipment This element represents the aggregate revenue during the period from the sale of new and used equipment in the normal course of business, after deducting returns, allowances and discounts. Parts Sales Revenue Parts This element represents the aggregate revenue during the period, from the sale of maintenance and replacement parts in the normal course of business, after deducting returns, allowances and discounts. Service Sales Revenue, Services, Net Rental and other Other Revenue, Net Total Revenue Cost of Revenue Cost of Goods and Services Sold [Abstract] Equipment Cost of Equipment Sold This element represents the total costs that are related to new and used equipment sold during the reporting period. Parts Cost of Parts Sold This element represents the total costs that are related to parts sold during the reporting period. Service Cost of Services Rental and other Other Cost of Operating Revenue Total Cost of Revenue Cost of Revenue Gross Profit Gross Profit Operating Expenses Operating Expenses Impairment and Realignment Costs Impairment and Realignment Costs Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Amount also includes expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation. Income (Loss) from Operations Operating Income (Loss) Other Income (Expense) Nonoperating Income (Expense) [Abstract] Interest income and other income (expense) Other Nonoperating Income (Expense) Floorplan interest expense Floorplan Interest Expense Interest expense incurred on floorplan notes payable outstanding during the period. Other interest expense Income (Loss) Before Income Taxes Provision for (Benefit from) Income Taxes Income Tax Expense (Benefit) Net Income (Loss) Including Noncontrolling Interest Less: Net Income (Loss) Attributable to Noncontrolling Interest Net Income (Loss) Attributable to Noncontrolling Interest Net Income (Loss) Attributable to Titan Machinery Inc. Net Income (Loss) Attributable to Parent Net (Income) Loss Allocated to Participating Securities - Note 1 Participating Securities, Distributed and Undistributed Earnings (Loss), Basic Net Income (Loss) Attributable to Titan Machinery Inc. Common Stockholders Net Income (Loss) Available to Common Stockholders, Basic Earnings (Loss) per Share - Note 1 Earnings Per Share [Abstract] Earnings (Loss) per Share - Basic, in dollars per share Earnings Per Share, Basic Earnings (Loss) per Share - Diluted, in dollars per share Earnings Per Share, Diluted Weighted Average Common Shares - Basic Weighted Average Number of Shares Outstanding, Basic Weighted Average Common Shares - Diluted Weighted Average Number of Shares Outstanding, Diluted Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities [Axis] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Employee Stock Option Employee Stock Option [Member] Convertible Notes Convertible Debt Securities [Member] Anti-dilutive securities Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Anti-dilutive securities excluded from the calculation of diluted EPS (in shares) Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Conversion price of shares underlying convertible notes (in dollars per share) Denominator Weighted Average Number of Shares Outstanding, Diluted [Abstract] Basic Weighted-Average Common Shares Outstanding Plus: Incremental Shares From Assumed Exercise of Stock Options Weighted Average Number Diluted Shares Outstanding Adjustment Diluted Weighted-Average Common Shares Outstanding New equipment Inventory, New Equipment, Net of Reserves Represents carrying amount of new equipment, net of valuation reserves and adjustments, as of the balance sheet date. Used equipment Inventory, Used Equipment, Net of Reserves Represents carrying amount of used equipment, net of valuation reserves and adjustments, as of the balance sheet date. Parts and attachments Inventory, Parts and Components, Net of Reserves Work in process Inventory Work in Process, Net of Adjustments Carrying amount, net of reserves and adjustments, of retail rates of labor incurred and parts inventories used on service work in process as of the balance sheet date. Inventories Schedule of Restructuring and Related Costs [Table] Impairment of fixed assets, net of gains on asset disposition Impairment of Fixed Assets, Net of Gains on Asset Disposition [Member] Impairment of Fixed Assets, Net of Gains on Asset Disposition [Member] Asset relocation and other closing costs Other Restructuring [Member] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Realignment Cost Realignment Cost [Member] Realignment Cost [Member] Shared Resource Center Shared Resource Center [Member] Shared Resource Center [Member] Amount of Realignment Cost Incurred Restructuring and Related Cost, Incurred Cost Interest rate (as a percent) Debt Instrument, Interest Rate, Stated Percentage Derivative [Table] Derivative [Table] Derivative Derivative [Line Items] Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months Schedule of inventories Schedule of Inventory, Current [Table Text Block] DERIVATIVE INSTRUMENTS Derivative Instruments and Hedging Activities Disclosure [Text Block] Schedule of Restructuring Costs by Type of Cost Restructuring and Related Costs [Table Text Block] Restructuring Reserve Rollforward Schedule of Restructuring Reserve by Type of Cost [Table Text Block] EX-101.PRE 11 titn-20160430_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 12 R1.htm IDEA: XBRL DOCUMENT v3.4.0.3
Document and Entity Information - shares
3 Months Ended
Apr. 30, 2016
May. 16, 2016
Document and Entity Information    
Entity Registrant Name Titan Machinery Inc.  
Entity Central Index Key 0001409171  
Document Type 10-Q  
Document Period End Date Apr. 30, 2016  
Amendment Flag false  
Current Fiscal Year End Date --01-31  
Entity Current Reporting Status Yes  
Entity Filer Category Accelerated Filer  
Entity Common Stock, Shares Outstanding   21,587,727
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q1  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2016
Jan. 31, 2016
Current Assets    
Cash $ 63,782 $ 89,465
Receivables (net of allowance of $3,768 and $3,591 as of April 30, 2016 and January 31, 2016, respectively) 55,389 56,552
Inventories 684,829 689,464
Prepaid expenses and other 6,686 9,753
Income taxes receivable 11,862 13,011
Total current assets 822,548 858,245
Noncurrent Assets    
Intangible assets, net of accumulated amortization 5,091 5,134
Property and equipment, net of accumulated depreciation 177,082 183,179
Other 1,322 1,317
Total noncurrent assets 183,495 189,630
Total Assets 1,006,043 1,047,875
Current Liabilities    
Accounts payable 18,322 16,863
Floorplan payable 446,304 444,780
Current maturities of long-term debt 13,333 1,557
Customer deposits 16,769 31,159
Accrued expenses 27,245 28,914
Income taxes payable 38 152
Total current liabilities 522,011 523,425
Long-Term Liabilities    
Senior convertible notes 108,105 134,145
Long-term debt, less current maturities 26,223 38,409
Deferred income taxes 10,809 11,135
Other long-term liabilities 2,269 2,412
Total long-term liabilities $ 147,406 $ 186,101
Commitments and Contingencies
Stockholders' Equity    
Common stock, par value $.00001 per share, 45,000 shares authorized; 21,588 shares issued and outstanding at April 30, 2016; 21,604 shares issued and outstanding at January 31, 2016 $ 0 $ 0
Additional paid-in-capital 243,736 242,491
Retained earnings 95,842 99,526
Accumulated other comprehensive loss (3,559) (4,461)
Total Titan Machinery Inc. stockholders' equity 336,019 337,556
Noncontrolling interest 607 793
Total stockholders' equity 336,626 338,349
Total Liabilities and Stockholders' Equity $ 1,006,043 $ 1,047,875
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Apr. 30, 2016
Jan. 31, 2016
Statement of Financial Position [Abstract]    
Allowance for Doubtful Accounts Receivable $ (3,768) $ (3,591)
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 21,588,000 21,604,000
Common stock, shares outstanding 21,588,000 21,604,000
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Revenue    
Equipment $ 184,874 $ 244,983
Parts 57,509 61,520
Service 30,992 32,902
Rental and other 11,485 13,791
Total Revenue 284,860 353,196
Cost of Revenue    
Equipment 170,324 227,033
Parts 40,501 43,571
Service 11,600 11,360
Rental and other 8,887 10,797
Total Cost of Revenue 231,312 292,761
Gross Profit 53,548 60,435
Operating Expenses 54,502 57,110
Impairment and Realignment Costs 247 1,601
Income (Loss) from Operations (1,201) 1,724
Other Income (Expense)    
Interest income and other income (expense) 137 (2,124)
Floorplan interest expense (3,743) (4,599)
Other interest expense (993) (3,827)
Income (Loss) Before Income Taxes (5,800) (8,826)
Provision for (Benefit from) Income Taxes (1,942) (1,936)
Net Income (Loss) Including Noncontrolling Interest (3,858) (6,890)
Less: Net Income (Loss) Attributable to Noncontrolling Interest (174) (586)
Net Income (Loss) Attributable to Titan Machinery Inc. (3,684) (6,304)
Net (Income) Loss Allocated to Participating Securities - Note 1 68 105
Net Income (Loss) Attributable to Titan Machinery Inc. Common Stockholders $ (3,616) $ (6,199)
Earnings (Loss) per Share - Note 1    
Earnings (Loss) per Share - Basic, in dollars per share $ (0.17) $ (0.29)
Earnings (Loss) per Share - Diluted, in dollars per share $ (0.17) $ (0.29)
Weighted Average Common Shares - Basic 21,203 21,044
Weighted Average Common Shares - Diluted 21,203 21,044
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Net Income (Loss) Including Noncontrolling Interest $ (3,858) $ (6,890)
Other Comprehensive Income (Loss)    
Foreign currency translation adjustments 754 (6,191)
Unrealized gain on net investment hedge derivative instruments, net of tax expense of $44 for the three months ended April 30, 2015   67
Unrealized gain (loss) on interest rate swap cash flow hedge derivative instrument, net of tax expense (benefit) of ($57) and $72 for the three months ended April 30, 2016 and 2015, respectively (87) 109
Other comprehensive income (loss) 890 (5,749)
Comprehensive Income (Loss) (2,968) (12,639)
Comprehensive Income (Loss) Attributable to Noncontrolling Interest (186) (1,705)
Comprehensive Income (Loss) Attributable To Titan Machinery Inc. (2,782) (10,934)
Interest Rate Swap    
Other Comprehensive Income (Loss)    
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax 223 258
Foreign Exchange Contract    
Other Comprehensive Income (Loss)    
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $ 0 $ 8
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Tax expense (benefit) on unrealized gain (loss) on net investment hedge derivative instruments $ 0 $ 44
Interest Rate Swap    
Tax expense (benefit) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments (148) (172)
Foreign Exchange Contract    
Tax expense (benefit) on reclassification of gain (loss) on foreign currency contract cash flow hedge derivative instruments 0 5
Designated as Hedging Instrument | Interest Rate Contract    
Tax expense (benefit) on unrealized gain (loss) on cash flow hedge derivative instruments $ (57) $ 72
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Foreign Currency Translation Adjustments
Unrealized Gains (Losses) on Net Investment Hedges
Unrealized Gains (Losses) on Interest Rate Swap Cash Flow Hedges
Unrealized Gains (Losses) on Foreign Currency Contract Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss)
Total Titan Machinery Inc. Stockholders' Equity
Noncontrolling Interest
Balance at Jan. 31, 2015 $ 378,359   $ 240,180 $ 137,418 $ (1,632) $ 2,510 $ (1,940) $ (37) $ (1,099) $ 376,499 $ 1,860
Balance (in shares) at Jan. 31, 2015   21,406                  
Increase (Decrease) in Stockholders' Equity                      
Common stock issued on grant of restricted stock (net of forfeitures and shares withheld for income taxes), exercise of stock options, and tax benefits of equity awards (206)   (206)             (206)  
Common stock issued on grant of restricted stock, exercise of stock options, and tax benefits of equity awards (in shares)   (14)                  
Stock-based compensation expense 531   531             531 0
Comprehensive income (loss):                      
Net loss (6,890)     (6,304)           (6,304) (586)
Other comprehensive income (loss) (5,749)       (5,072) 67 367 8 (4,630) (4,630) (1,119)
Comprehensive Income (Loss) (12,639)                 (10,934) (1,705)
Balance at Apr. 30, 2015 366,045   240,505 131,114 (6,704) 2,577 (1,573) (29) (5,729) 365,890 155
Balance (in shares) at Apr. 30, 2015   21,392                  
Balance at Jan. 31, 2016 338,349   242,491 99,526 (5,500) 2,711 (1,672) 0 (4,461) 337,556 793
Balance (in shares) at Jan. 31, 2016   21,604                  
Increase (Decrease) in Stockholders' Equity                      
Common stock issued on grant of restricted stock (net of forfeitures and shares withheld for income taxes), exercise of stock options, and tax benefits of equity awards (408)   (408)             (408)  
Common stock issued on grant of restricted stock, exercise of stock options, and tax benefits of equity awards (in shares)   (16)                  
Stock-based compensation expense 627   627             627  
Repurchase of Senior Convertible Notes 1,026   1,026             1,026  
Comprehensive income (loss):                      
Net loss (3,858)     (3,684)           (3,684) (174)
Other comprehensive income (loss) 890       766 0 136 0 902 902 (12)
Comprehensive Income (Loss) (2,968)                 (2,782) (186)
Balance at Apr. 30, 2016 $ 336,626   $ 243,736 $ 95,842 $ (4,734) $ 2,711 $ (1,536) $ 0 $ (3,559) $ 336,019 $ 607
Balance (in shares) at Apr. 30, 2016   21,588                  
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Operating Activities    
Net income (loss) including noncontrolling interest $ (3,858) $ (6,890)
Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used for) operating activities    
Depreciation and amortization 6,208 6,667
Impairment 0 152
Deferred income taxes 609 497
Stock-based compensation expense 627 531
Noncash interest expense 1,378 1,765
Unrealized foreign currency (gain) loss on loans to international subsidiaries (842) 100
Gain on repurchase of Senior Convertible Notes (2,102) 0
Other, net 89 126
Changes in assets and liabilities    
Receivables, prepaid expenses and other assets 4,702 13,525
Inventories 9,422 522
Manufacturer floorplan payable (26,996) 12,980
Accounts payable, customer deposits, accrued expenses and other long-term liabilities (14,892) (9,092)
Income taxes 781 (6,577)
Net Cash Provided by (Used for) Operating Activities (24,874) 14,306
Investing Activities    
Rental fleet purchases (561) (112)
Property and equipment purchases (excluding rental fleet) (1,051) (2,170)
Proceeds from sale of property and equipment 892 634
Other, net 48 198
Net Cash Used for Investing Activities (672) (1,450)
Financing Activities    
Net change in non-manufacturer floorplan payable 25,117 (30,001)
Repurchase of Senior Convertible Notes (24,983) 0
Proceeds from long-term debt borrowings 0 811
Principal payments on long-term debt (526) (5,687)
Other, net (158) (443)
Net Cash Used for Financing Activities (550) (35,320)
Effect of Exchange Rate Changes on Cash 413 (709)
Net Change in Cash (25,683) (23,173)
Cash at Beginning of Period 89,465 127,528
Cash at End of Period 63,782 104,355
Cash paid during the period    
Income taxes, net of refunds (3,327) 4,093
Interest 4,667 7,684
Supplemental Disclosures of Noncash Investing and Financing Activities    
Net property and equipment financed with long-term debt, accounts payable and accrued liabilities 941 77
Net transfer of assets to (from) property and equipment from (to) inventories $ (1,882) $ (7,029)
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended
Apr. 30, 2016
Accounting Policies [Abstract]  
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s Agriculture, Construction and International customers. Therefore, operating results for the three-month period ended April 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2017. The information contained in the balance sheet as of January 31, 2016 was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2016 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 Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Romania, Serbia and Ukraine. 
Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates, particularly related to realization of inventory, initial valuation and impairment of intangible assets, collectability of receivables, and income taxes.
Principles of Consolidation
The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.
Earnings (Loss) Per Share (“EPS”)
The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year.
Diluted EPS were computed by dividing net income attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. All anti-dilutive securities were excluded from the computation of diluted EPS.
The following table sets forth the calculation of the denominator for basic and diluted EPS:
 
Three Months Ended April 30,
 
2016

2015
 
(in thousands, except per share data)
Basic Weighted-Average Common Shares Outstanding
21,203


21,044

Plus: Incremental Shares From Assumed Exercise of Stock Options



Diluted Weighted-Average Common Shares Outstanding
21,203


21,044

 
 
 
 
Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding
 
 
 
Stock Options
146

 
211

Shares Underlying Senior Convertible Notes (conversion price of $43.17)
2,777

 
3,475

 
 
 
 
Earnings (Loss) per Share - Basic
$
(0.17
)

$
(0.29
)
Earnings (Loss) per Share - Diluted
$
(0.17
)

$
(0.29
)

Recent Accounting Guidance
In May 2014 and August 2015, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, Revenue from Contracts with Customers. This guidance has been amended on various occasions and supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The Company will adopt this guidance on February 1, 2018, and will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, Going Concern. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management’s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.
In July 2015, the FASB amended authoritative guidance on accounting for measurement of inventory, codified in ASC 330, Inventory. The amended guidance requires inventory to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In February 2016, the FASB amended authoritative guidance on leases, codified in ASC 842, Leases. The amended guidance requires lessees to recognize most leases on their balance sheets related to the rights and obligations created by those leases. The new standard also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. This guidance is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The provisions of this guidance are to be applied using a modified retrospective approach, with elective reliefs, which requires application of the guidance for all periods presented. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In March 2016, the FASB amended authoritative guidance on stock-based compensation, codified in ASC 718, Compensation - Stock Compensation. The amended guidance changes the accounting for certain aspects of share-based payments, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statements of cash flows. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The manner of application varies by the various provisions of the guidance, with certain provisions applied on a retrospective or modified retrospective approach, while others are applied prospectively. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.4.0.3
INVENTORIES
3 Months Ended
Apr. 30, 2016
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
New equipment
$
338,374

 
$
323,393

Used equipment
246,956

 
267,893

Parts and attachments
87,673

 
87,807

Work in process
11,826

 
10,371

 
$
684,829

 
$
689,464

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.4.0.3
PROPERTY AND EQUIPMENT
3 Months Ended
Apr. 30, 2016
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Rental fleet equipment
$
134,454

 
$
137,754

Machinery and equipment
23,053

 
23,051

Vehicles
36,593

 
36,537

Furniture and fixtures
38,275

 
38,149

Land, buildings, and leasehold improvements
63,241

 
63,460

 
295,616

 
298,951

Less accumulated depreciation
(118,534
)
 
(115,772
)
 
$
177,082

 
$
183,179

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.4.0.3
LINES OF CREDIT / FLOORPLAN PAYABLE
3 Months Ended
Apr. 30, 2016
Line of Credit Facility [Abstract]  
LINES OF CREDIT / FLOORPLAN PAYABLE
LINES OF CREDIT / FLOORPLAN PAYABLE
Floorplan Lines of Credit
Floorplan payable balances reflect the amount owed for new equipment inventory purchased from a manufacturer and for used equipment inventory, which is primarily acquired through trade-in on equipment sales. Certain of the manufacturers from which the Company purchases new equipment inventory offer financing on these purchases, either offered directly from the manufacturer or through the manufacturers’ captive finance subsidiaries. CNH Industrial America LLC's captive finance subsidiary, CNH Industrial Capital America LLC ("CNH Industrial Capital"), also provides financing of used equipment inventory. The Company also has floorplan payable balances with non-manufacturer lenders for new and used equipment inventory. Cash flows associated with manufacturer floorplan payable are reported as operating cash flows while cash flows associated with non-manufacturer floorplan payable are reported as financing cash flows in the Company's consolidated statements of cash flows. The Company has three significant floorplan lines of credit for U.S. operations, credit facilities related to its foreign subsidiaries, and other floorplan payable balances with non-manufacturer lenders and manufacturers other than CNH Industrial.
As of April 30, 2016, the Company had discretionary floorplan lines of credit for equipment inventory purchases totaling approximately $1.0 billion, which includes a $275.0 million Floorplan Line with Wells Fargo Bank, National Association ("Wells Fargo"), a $450.0 million credit facility with CNH Industrial Capital, a $110.0 million credit facility with DLL Finance LLC ("DLL Finance") and the U.S. dollar equivalent of $117.8 million in credit facilities related to our foreign subsidiaries. Floorplan payables relating to these credit facilities totaled approximately $431.1 million of the total floorplan payable balance of $446.3 million outstanding as of April 30, 2016 and $420.7 million of the total floorplan payable balance of $444.8 million outstanding as of January 31, 2016; the remaining outstanding balances relate to equipment inventory financing from manufacturers and non-manufacturer lenders other than the aforementioned lines of credit. As of April 30, 2016, the interest-bearing U.S. floorplan payables carried various interest rates primarily ranging from 2.68% to 5.57%, and the foreign floorplan payables carried various interest rates primarily ranging from 1.56% to 7.70%.
Working Capital Revolver Line
As of April 30, 2016, the Company had a $75 million Working Capital Revolver Line under the Credit Facility with Wells Fargo. The Company had no amount outstanding on this Working Capital Revolver Line as of April 30, 2016 and January 31, 2016, respectively.
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.4.0.3
SENIOR CONVERTIBLE NOTES
3 Months Ended
Apr. 30, 2016
Senior Convertible Notes  
SENIOR CONVERTIBLE NOTES  
SENIOR CONVERTIBLE NOTES
SENIOR CONVERTIBLE NOTES
The Company’s 3.75% Senior Convertible Notes issued on April 24, 2012 (“Senior Convertible Notes”) consisted of the following:
 
April 30, 2016
 
January 31, 2016
 
(in thousands except conversion
rate and conversion price)
Principal value
$
119,900

 
$
150,000

Unamortized debt discount
(10,382
)
 
(13,946
)
Unamortized debt issuance costs
(1,413
)
 
(1,909
)
Carrying value of Senior Convertible Notes
$
108,105

 
$
134,145

 
 
 
 
Carrying value of equity component, net of deferred taxes
$
14,520

 
$
15,546

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

 
 
Conversion price (per share of common stock)
$
43.17

 
 

In April 2016, the Company repurchased $30.1 million face value ($27.1 million carrying value) of its Senior Convertible Notes with $25.0 million in cash, and recognized a pre-tax gain of approximately $2.1 million in the first quarter of fiscal 2017. This gain is included in other interest expense on the consolidated statements of operations.
The Company recognized interest expense associated with its Senior Convertible Notes as follows:
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
Cash Interest Expense
 
 
 
Coupon interest expense
$
1,337

 
$
1,406

Noncash Interest Expense
 
 
 
Amortization of debt discount
910

 
894

Amortization of transaction costs
133

 
136

 
$
2,380

 
$
2,436


The Senior Convertible Notes mature on May 1, 2019, unless earlier purchased by the Company, redeemed or converted. As of April 30, 2016, the unamortized debt discount will be amortized over a remaining period of approximately 3.0 years. As of April 30, 2016 and January 31, 2016, the if-converted value of the Senior Convertible Notes did not exceed the principal balance. The effective interest rate of the liability component was equal to 7.3% for each of the statements of operations periods presented.
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.4.0.3
DERIVATIVE INSTRUMENTS
3 Months Ended
Apr. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS
DERIVATIVE INSTRUMENTS
The Company holds derivative instruments for the purpose of minimizing exposure to fluctuations in foreign currency exchange rates to which the Company is exposed in the normal course of its operations.
Net Investment Hedges
To protect the value of the Company’s investments in its foreign operations against adverse changes in foreign currency exchange rates, the Company may, from time to time, hedge a portion of its net investment in one or more of its foreign subsidiaries. Gains and losses on derivative instruments that are designated and effective as a net investment hedge are included in other comprehensive income and only reclassified into earnings in the period during which the hedged net investment is sold or liquidated. Any hedge ineffectiveness is recognized in earnings immediately.
Cash Flow Hedges
On October 9, 2013, the Company entered into a forward-starting interest rate swap instrument, which has a notional amount of $100.0 million, an effective date of September 30, 2014 and a maturity date of September 30, 2018. The objective of the instrument is to, beginning on September 30, 2014, protect the Company from changes in benchmark interest rates to which the Company is exposed through certain of its variable interest rate credit facilities. The instrument provides for a fixed interest rate of 1.901% up to the maturity date.
The Company may, from time to time, hedge foreign currency exchange rate risk arising from inventory purchases denominated in Canadian dollars through the use of foreign currency forward contracts. The maximum length of time over which the Company hedges its exposure to the variability in future cash flows associated with the Canadian dollar purchasing is less than 12 months.
The interest rate swap instrument and foreign currency contracts have been designated as cash flow hedging instruments and accordingly changes in the effective portion of the fair value of the instruments are recorded in other comprehensive income and only reclassified into earnings in the period(s) in which the related hedged item affects earnings or the anticipated underlying hedged transactions are no longer probable of occurring. Any hedge ineffectiveness is recognized in earnings immediately.
Derivative Instruments Not Designated as Hedging Instruments
The Company uses foreign currency forward contracts to hedge the effects of fluctuations in exchange rates on outstanding intercompany loans. The Company does not formally designate and document such derivative instruments as hedging instruments; however, the instruments are an effective economic hedge of the underlying foreign currency exposure. Both the gain or loss on the derivative instrument and the offsetting gain or loss on the underlying intercompany loan are recognized in earnings immediately, thereby eliminating or reducing the impact of foreign currency exchange rate fluctuations on net income.
The following table sets forth the notional value of the Company's outstanding derivative instruments.
 
Notional Amount as of:
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Cash flow hedges:
 
 
 
Interest rate swap
$
100,000

 
$
100,000

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
17,059

 
13,148


The following table sets forth the fair value of the Company’s outstanding derivative instruments. Asset derivatives are included in prepaid expenses and other on the consolidated balance sheets, and liability derivatives are included in accrued expenses on the consolidated balance sheets.
 
Fair Value as of:
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Asset Derivatives:
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
$

 
$
125

Total Asset Derivatives
$

 
$
125

 
 
 
 
Liability Derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Cash flow hedges:
 
 
 
Interest rate swap
$
2,609

 
$
2,836

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
198

 

Total Liability Derivatives
$
2,807

 
$
2,836


The following table sets forth the gains and losses (before the related income tax effects) recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company’s derivative instruments for the three months ended April 30, 2016 and 2015, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.
 
Three Months Ended April 30,
 
2016
 
2015
 
OCI
 
Income (Loss)
 
OCI
 
Income (Loss)
 
(in thousands)
Dervatives Designated as Hedging Instruments:
Net investment hedges:
Foreign currency contracts
$

 
$

 
$
111

 
$

Cash flow hedges:
Interest rate swap (a)
(144
)
 
(371
)
 
181

 
(430
)
Foreign currency contracts (b)

 

 

 
(13
)
Dervatives Not Designated as Hedging Instruments:
Foreign currency contracts (c)

 
(640
)
 

 
82

Total Derivatives
$
(144
)
 
$
(1,011
)
 
$
292

 
$
(361
)

 
(a) Amounts are included in floorplan interest expense in the consolidated statements of operations.
(b) Amounts are included in Cost of revenue - equipment in the consolidated statements of operations
(c) Amounts are included in Interest income and other income (expense) in the consolidated statements of operations
No components of the Company's net investment or cash flow hedging instruments were excluded from the assessment of hedge ineffectiveness.
As of April 30, 2016, the Company had $2.6 million in pre-tax net unrealized losses associated with its interest rate swap cash flow hedging instrument recorded in accumulated other comprehensive income. The Company expects that $1.3 million of pre-tax unrealized losses associated with its interest rate swap will be reclassified into income over the next 12 months.
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
FAIR VALUE OF FINANCIAL INSTRUMENTS
3 Months Ended
Apr. 30, 2016
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS
The liabilities which are measured at fair value on a recurring basis as of April 30, 2016 and January 31, 2016 are as follows:
 
April 30, 2016
 
January 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
 
(in thousands)
Financial Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$

 
$

 
$

 
$

 
$

 
$
125

 
$

 
$
125

Total Financial Assets
$

 
$

 
$

 
$

 
$

 
$
125

 
$

 
$
125

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$

 
$
2,609

 
$

 
$
2,609

 
$

 
$
2,836

 
$

 
$
2,836

Foreign currency contracts

 
198

 

 
198

 

 

 

 

Total Financial Liabilities
$

 
$
2,807

 
$

 
$
2,807

 
$

 
$
2,836

 
$

 
$
2,836


The valuation for the Company's foreign currency contracts and interest rate swap derivative instruments were valued using discounted cash flow analyses, an income approach, utilizing readily observable market data as inputs.
The Company also has financial instruments that are not recorded at fair value in its consolidated financial statements. The carrying amount of cash, receivables, payables, short-term debt and other current liabilities approximates fair value because of the short maturity and/or frequent repricing of those instruments, which are Level 2 fair value inputs. Based upon current borrowing rates with similar maturities, which are Level 2 fair value inputs, the carrying value of long-term debt approximates the fair value as of April 30, 2016 and January 31, 2016, respectively. The following table provides details on the Senior Convertible Notes as of April 30, 2016 and January 31, 2016. The difference between the face value and the carrying value of these notes is the result of the allocation between the debt and equity components, and unamortized debt issuance costs. Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.
 
April 30, 2016
 
January 31, 2016
 
Estimated Fair Value
 
Carrying Value
 
Face Value
 
Estimated Fair Value
 
Carrying Value
 
Face Value
 
(in thousands)
 
(in thousands)
Senior convertible notes
$
100,000

 
$
108,105

 
$
119,900

 
$
105,000

 
$
134,145

 
$
150,000

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.4.0.3
SEGMENT INFORMATION AND OPERATING RESULTS
3 Months Ended
Apr. 30, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND OPERATING RESULTS
SEGMENT INFORMATION AND OPERATING RESULTS
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, deferred tax assets and property and equipment.
Certain financial information for each of the Company’s business segments is set forth below. 
 
Three Months Ended April 30,
 
2016

2015
 
(in thousands)
Revenue
 
 
 
Agriculture
$
178,807

 
$
239,855

Construction
78,001

 
81,171

International
28,052

 
32,170

Total
$
284,860

 
$
353,196

 
 
 
 
Income (Loss) Before Income Taxes
 
 
 
Agriculture
$
(3,758
)
 
$
(1,086
)
Construction
(2,044
)
 
(3,565
)
International
(517
)
 
(4,371
)
Segment income (loss) before income taxes
(6,319
)
 
(9,022
)
Shared Resources
519

 
196

Total
$
(5,800
)
 
$
(8,826
)
 
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Total Assets
 
 
 
Agriculture
$
529,862

 
$
557,579

Construction
267,869

 
294,891

International
121,429

 
109,706

Segment assets
919,160

 
962,176

Shared Resources
86,883

 
85,699

Total
$
1,006,043

 
$
1,047,875

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.4.0.3
STORE CLOSINGS AND REALIGNMENT COST
3 Months Ended
Apr. 30, 2016
Restructuring and Related Activities [Abstract]  
STORE CLOSINGS AND REALIGNMENT COSTS
STORE CLOSINGS AND REALIGNMENT COSTS
Exit costs associated with the Company's store closings and realignment activities are summarized in the following table. Such costs are included in Impairment and Realignment Costs in the consolidated statements of operations.
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
Agriculture Segment
 
 
 
Lease termination costs (a)
$
(152
)
 
$
251

Employee severance costs

 
304

Asset relocation and other closing costs

 
85

 
$
(152
)
 
$
640

Construction Segment
 
 
 
Lease termination costs (a)
$

 
$
261

Employee severance costs
21

 
258

Impairment of fixed assets, net of gains on asset disposition

 
90

Asset relocation and other closing costs

 
54

 
$
21

 
$
663

Shared Resource Center
 
 
 
Lease termination costs (a)
$

 
$
49

Employee severance costs
378

 
187

Impairment of fixed assets, net of gains on asset disposition

 
62

 
$
378

 
$
298

Total
 
 
 
Lease termination costs (a)
$
(152
)
 
$
561

Employee severance costs
399

 
749

Impairment of fixed assets, net of gains on asset disposition

 
152

Asset relocation and other closing costs

 
139

 
$
247

 
$
1,601


 
(a) Net of gain on changes in lease termination accrual assumptions
A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:
 
Amount
 
(in thousands)
Balance, January 31, 2016
$
660

Exit costs incurred and charged to expense
 
Lease termination costs
(152
)
Employee severance costs
399

Exit costs paid
 
Lease termination costs
(89
)
Employee severance costs
(306
)
Balance, April 30, 2016
$
512

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
INCOME TAXES
3 Months Ended
Apr. 30, 2016
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
The Company incurs a provision for income taxes in jurisdictions in which it has taxable income. Generally the Company receives a benefit for income taxes in jurisdictions in which it has taxable losses unless it has recorded a valuation allowance for that jurisdiction. These losses are available to reduce future taxable income in these jurisdictions if earned within the allowable net operating loss carryforward period. The foreign jurisdictions in which the Company operates have net operating loss carryforward periods ranging from five to seven years, with certain jurisdictions having indefinite carryforward periods.
The components of income (loss) before income taxes are as follows:
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
U.S.
$
(5,283
)
 
$
(4,488
)
Foreign
(517
)
 
(4,338
)
Total
$
(5,800
)
 
$
(8,826
)

A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
 
Three Months Ended April 30,
 
2016
 
2015
U.S. statutory rate
(35.0
)%
 
(35.0
)%
Foreign statutory rates
2.1
 %
 
11.7
 %
State taxes on income net of federal tax benefit
(4.1
)%
 
(4.1
)%
Change in valuation allowance
6.6
 %
 
35.7
 %
Tax effect of Ukrainian hryvnia devaluation(a)
(6.0
)%
 
(28.0
)%
All other, net
2.9
 %
 
(2.2
)%

(33.5
)%
 
(21.9
)%
 
(a) Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrainian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss).
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended
Apr. 30, 2016
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The unaudited consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The quarterly operating results for Titan Machinery Inc. (the “Company”) are subject to fluctuation due to varying weather patterns, which may impact the timing and amount of equipment purchases, rentals, and after-sales parts and service purchases by the Company’s Agriculture, Construction and International customers. Therefore, operating results for the three-month period ended April 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2017. The information contained in the balance sheet as of January 31, 2016 was derived from the audited financial statements for the Company for the year then ended. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2016 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, initial valuation and impairment of intangible assets, collectability of receivables, and income taxes.
Principles of Consolidation
Principles of Consolidation
The consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All material accounts, transactions and profits between the consolidated companies have been eliminated in consolidation.
Earnings (Loss) Per Share (EPS)
Earnings (Loss) Per Share (“EPS”)
The Company uses the two-class method to calculate basic and diluted EPS. Unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends during the vesting term. Under the two-class method, basic EPS were computed by dividing net income (loss) attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average number of shares of common stock outstanding during the year.
Diluted EPS were computed by dividing net income attributable to Titan Machinery Inc. after allocation of income (loss) to participating securities by the weighted-average shares of common stock outstanding after adjusting for potential dilution related to the conversion of all dilutive securities into common stock. All potentially dilutive securities were included in the computation of diluted EPS. All anti-dilutive securities were excluded from the computation of diluted EPS.
New Accounting Pronouncements
Recent Accounting Guidance
In May 2014 and August 2015, the FASB issued authoritative guidance on accounting for revenue recognition, codified in ASC 606, Revenue from Contracts with Customers. This guidance has been amended on various occasions and supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The Company will adopt this guidance on February 1, 2018, and will employ one of the two retrospective application methods. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In August 2014, the FASB issued authoritative guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and provide related footnote disclosures, codified in ASC 205-40, Going Concern. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management’s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, requires an express statement and other disclosures when substantial doubt is not alleviated, and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The Company will adopt this guidance for the year-ended January 31, 2017, and it will apply to each interim and annual period thereafter. Its adoption is not expected to have a material effect on the Company's consolidated financial statements.
In July 2015, the FASB amended authoritative guidance on accounting for measurement of inventory, codified in ASC 330, Inventory. The amended guidance requires inventory to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In February 2016, the FASB amended authoritative guidance on leases, codified in ASC 842, Leases. The amended guidance requires lessees to recognize most leases on their balance sheets related to the rights and obligations created by those leases. The new standard also requires new disclosures to help financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. This guidance is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The provisions of this guidance are to be applied using a modified retrospective approach, with elective reliefs, which requires application of the guidance for all periods presented. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
In March 2016, the FASB amended authoritative guidance on stock-based compensation, codified in ASC 718, Compensation - Stock Compensation. The amended guidance changes the accounting for certain aspects of share-based payments, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statements of cash flows. This guidance is effective for the Company on February 1, 2017, with early adoption permitted. The manner of application varies by the various provisions of the guidance, with certain provisions applied on a retrospective or modified retrospective approach, while others are applied prospectively. The Company has not determined the potential effects adoption of this standard will have on the consolidated financial statements.
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Apr. 30, 2016
Accounting Policies [Abstract]  
Schedule of calculation of basic and diluted EPS
The following table sets forth the calculation of the denominator for basic and diluted EPS:
 
Three Months Ended April 30,
 
2016

2015
 
(in thousands, except per share data)
Basic Weighted-Average Common Shares Outstanding
21,203


21,044

Plus: Incremental Shares From Assumed Exercise of Stock Options



Diluted Weighted-Average Common Shares Outstanding
21,203


21,044

 
 
 
 
Anti-Dilutive Shares Excluded From Diluted Weighted-Average Common Shares Outstanding
 
 
 
Stock Options
146

 
211

Shares Underlying Senior Convertible Notes (conversion price of $43.17)
2,777

 
3,475

 
 
 
 
Earnings (Loss) per Share - Basic
$
(0.17
)

$
(0.29
)
Earnings (Loss) per Share - Diluted
$
(0.17
)

$
(0.29
)
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
INVENTORIES (Tables)
3 Months Ended
Apr. 30, 2016
Inventory Disclosure [Abstract]  
Schedule of inventories
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
New equipment
$
338,374

 
$
323,393

Used equipment
246,956

 
267,893

Parts and attachments
87,673

 
87,807

Work in process
11,826

 
10,371

 
$
684,829

 
$
689,464

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.4.0.3
PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Apr. 30, 2016
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Rental fleet equipment
$
134,454

 
$
137,754

Machinery and equipment
23,053

 
23,051

Vehicles
36,593

 
36,537

Furniture and fixtures
38,275

 
38,149

Land, buildings, and leasehold improvements
63,241

 
63,460

 
295,616

 
298,951

Less accumulated depreciation
(118,534
)
 
(115,772
)
 
$
177,082

 
$
183,179

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3
SENIOR CONVERTIBLE NOTES (Tables) - Senior Convertible Notes
3 Months Ended
Apr. 30, 2016
SENIOR CONVERTIBLE NOTES  
Schedule of 3.75% Senior Convertible Notes
The Company’s 3.75% Senior Convertible Notes issued on April 24, 2012 (“Senior Convertible Notes”) consisted of the following:
 
April 30, 2016
 
January 31, 2016
 
(in thousands except conversion
rate and conversion price)
Principal value
$
119,900

 
$
150,000

Unamortized debt discount
(10,382
)
 
(13,946
)
Unamortized debt issuance costs
(1,413
)
 
(1,909
)
Carrying value of Senior Convertible Notes
$
108,105

 
$
134,145

 
 
 
 
Carrying value of equity component, net of deferred taxes
$
14,520

 
$
15,546

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

 
 
Conversion price (per share of common stock)
$
43.17

 
 
Senior Convertible Notes Interest Expense
The Company recognized interest expense associated with its Senior Convertible Notes as follows:
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
Cash Interest Expense
 
 
 
Coupon interest expense
$
1,337

 
$
1,406

Noncash Interest Expense
 
 
 
Amortization of debt discount
910

 
894

Amortization of transaction costs
133

 
136

 
$
2,380

 
$
2,436

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Apr. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional amounts of outstanding derivative positions
The following table sets forth the notional value of the Company's outstanding derivative instruments.
 
Notional Amount as of:
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Cash flow hedges:
 
 
 
Interest rate swap
$
100,000

 
$
100,000

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
17,059

 
13,148

Schedule of fair value of outstanding derivative instruments
The following table sets forth the fair value of the Company’s outstanding derivative instruments. Asset derivatives are included in prepaid expenses and other on the consolidated balance sheets, and liability derivatives are included in accrued expenses on the consolidated balance sheets.
 
Fair Value as of:
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Asset Derivatives:
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
$

 
$
125

Total Asset Derivatives
$

 
$
125

 
 
 
 
Liability Derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Cash flow hedges:
 
 
 
Interest rate swap
$
2,609

 
$
2,836

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
198

 

Total Liability Derivatives
$
2,807

 
$
2,836

Schedule of gains and losses recognized on derivative instruments
The following table sets forth the gains and losses (before the related income tax effects) recognized in other comprehensive income (loss) ("OCI") and income (loss) related to the Company’s derivative instruments for the three months ended April 30, 2016 and 2015, respectively. All amounts included in income (loss) in the table below from derivatives designated as hedging instruments relate to reclassifications from accumulated other comprehensive income.
 
Three Months Ended April 30,
 
2016
 
2015
 
OCI
 
Income (Loss)
 
OCI
 
Income (Loss)
 
(in thousands)
Dervatives Designated as Hedging Instruments:
Net investment hedges:
Foreign currency contracts
$

 
$

 
$
111

 
$

Cash flow hedges:
Interest rate swap (a)
(144
)
 
(371
)
 
181

 
(430
)
Foreign currency contracts (b)

 

 

 
(13
)
Dervatives Not Designated as Hedging Instruments:
Foreign currency contracts (c)

 
(640
)
 

 
82

Total Derivatives
$
(144
)
 
$
(1,011
)
 
$
292

 
$
(361
)

 
(a) Amounts are included in floorplan interest expense in the consolidated statements of operations.
(b) Amounts are included in Cost of revenue - equipment in the consolidated statements of operations
(c) Amounts are included in Interest income and other income (expense) in the consolidated statements of operations
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Apr. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The liabilities which are measured at fair value on a recurring basis as of April 30, 2016 and January 31, 2016 are as follows:
 
April 30, 2016
 
January 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
 
(in thousands)
Financial Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
$

 
$

 
$

 
$

 
$

 
$
125

 
$

 
$
125

Total Financial Assets
$

 
$

 
$

 
$

 
$

 
$
125

 
$

 
$
125

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$

 
$
2,609

 
$

 
$
2,609

 
$

 
$
2,836

 
$

 
$
2,836

Foreign currency contracts

 
198

 

 
198

 

 

 

 

Total Financial Liabilities
$

 
$
2,807

 
$

 
$
2,807

 
$

 
$
2,836

 
$

 
$
2,836

Fair Value of Senior Convertible Notes
The following table provides details on the Senior Convertible Notes as of April 30, 2016 and January 31, 2016. The difference between the face value and the carrying value of these notes is the result of the allocation between the debt and equity components, and unamortized debt issuance costs. Fair value of the Senior Convertible Notes was estimated based on Level 2 fair value inputs.
 
April 30, 2016
 
January 31, 2016
 
Estimated Fair Value
 
Carrying Value
 
Face Value
 
Estimated Fair Value
 
Carrying Value
 
Face Value
 
(in thousands)
 
(in thousands)
Senior convertible notes
$
100,000

 
$
108,105

 
$
119,900

 
$
105,000

 
$
134,145

 
$
150,000

XML 37 R26.htm IDEA: XBRL DOCUMENT v3.4.0.3
SEGMENT INFORMATION AND OPERATING RESULTS (Tables)
3 Months Ended
Apr. 30, 2016
Segment Reporting [Abstract]  
Schedule of financial information of business segments
Certain financial information for each of the Company’s business segments is set forth below. 
 
Three Months Ended April 30,
 
2016

2015
 
(in thousands)
Revenue
 
 
 
Agriculture
$
178,807

 
$
239,855

Construction
78,001

 
81,171

International
28,052

 
32,170

Total
$
284,860

 
$
353,196

 
 
 
 
Income (Loss) Before Income Taxes
 
 
 
Agriculture
$
(3,758
)
 
$
(1,086
)
Construction
(2,044
)
 
(3,565
)
International
(517
)
 
(4,371
)
Segment income (loss) before income taxes
(6,319
)
 
(9,022
)
Shared Resources
519

 
196

Total
$
(5,800
)
 
$
(8,826
)
 
 
April 30, 2016
 
January 31, 2016
 
(in thousands)
Total Assets
 
 
 
Agriculture
$
529,862

 
$
557,579

Construction
267,869

 
294,891

International
121,429

 
109,706

Segment assets
919,160

 
962,176

Shared Resources
86,883

 
85,699

Total
$
1,006,043

 
$
1,047,875

XML 38 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
STORE CLOSINGS AND REALIGNMENT COST (Tables)
3 Months Ended
Apr. 30, 2016
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Costs by Type of Cost
Exit costs associated with the Company's store closings and realignment activities are summarized in the following table. Such costs are included in Impairment and Realignment Costs in the consolidated statements of operations.
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
Agriculture Segment
 
 
 
Lease termination costs (a)
$
(152
)
 
$
251

Employee severance costs

 
304

Asset relocation and other closing costs

 
85

 
$
(152
)
 
$
640

Construction Segment
 
 
 
Lease termination costs (a)
$

 
$
261

Employee severance costs
21

 
258

Impairment of fixed assets, net of gains on asset disposition

 
90

Asset relocation and other closing costs

 
54

 
$
21

 
$
663

Shared Resource Center
 
 
 
Lease termination costs (a)
$

 
$
49

Employee severance costs
378

 
187

Impairment of fixed assets, net of gains on asset disposition

 
62

 
$
378

 
$
298

Total
 
 
 
Lease termination costs (a)
$
(152
)
 
$
561

Employee severance costs
399

 
749

Impairment of fixed assets, net of gains on asset disposition

 
152

Asset relocation and other closing costs

 
139

 
$
247

 
$
1,601


 
(a) Net of gain on changes in lease termination accrual assumptions
Restructuring Reserve Rollforward
A reconciliation of the beginning and ending exit cost liability balance, which is included in accrued expenses in the consolidated balance sheets, follows:
 
Amount
 
(in thousands)
Balance, January 31, 2016
$
660

Exit costs incurred and charged to expense
 
Lease termination costs
(152
)
Employee severance costs
399

Exit costs paid
 
Lease termination costs
(89
)
Employee severance costs
(306
)
Balance, April 30, 2016
$
512

XML 39 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
INCOME TAXES (Tables)
3 Months Ended
Apr. 30, 2016
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Tax
The components of income (loss) before income taxes are as follows:
 
Three Months Ended April 30,
 
2016
 
2015
 
(in thousands)
U.S.
$
(5,283
)
 
$
(4,488
)
Foreign
(517
)
 
(4,338
)
Total
$
(5,800
)
 
$
(8,826
)
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
 
Three Months Ended April 30,
 
2016
 
2015
U.S. statutory rate
(35.0
)%
 
(35.0
)%
Foreign statutory rates
2.1
 %
 
11.7
 %
State taxes on income net of federal tax benefit
(4.1
)%
 
(4.1
)%
Change in valuation allowance
6.6
 %
 
35.7
 %
Tax effect of Ukrainian hryvnia devaluation(a)
(6.0
)%
 
(28.0
)%
All other, net
2.9
 %
 
(2.2
)%

(33.5
)%
 
(21.9
)%
 
(a) Represents the tax impact of differences in foreign currency losses recognized as the result of Ukrainian hryvnia devaluation between Ukrainian taxable income (loss) and financial reporting income (loss).
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.4.0.3
BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details) - $ / shares
shares in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Denominator    
Basic Weighted-Average Common Shares Outstanding 21,203 21,044
Plus: Incremental Shares From Assumed Exercise of Stock Options 0 0
Diluted Weighted-Average Common Shares Outstanding 21,203 21,044
Earnings (Loss) per Share - Basic, in dollars per share $ (0.17) $ (0.29)
Earnings (Loss) per Share - Diluted, in dollars per share $ (0.17) $ (0.29)
Employee Stock Option    
Anti-dilutive securities    
Anti-dilutive securities excluded from the calculation of diluted EPS (in shares) 146 211
Convertible Notes    
Anti-dilutive securities    
Anti-dilutive securities excluded from the calculation of diluted EPS (in shares) 2,777 3,475
Conversion price of shares underlying convertible notes (in dollars per share) $ 43.17  
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.4.0.3
INVENTORIES (Details) - USD ($)
$ in Thousands
Apr. 30, 2016
Jan. 31, 2016
Inventory Disclosure [Abstract]    
New equipment $ 338,374 $ 323,393
Used equipment 246,956 267,893
Parts and attachments 87,673 87,807
Work in process 11,826 10,371
Inventories $ 684,829 $ 689,464
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.4.0.3
PROPERTY AND EQUIPMENT (Details) - USD ($)
$ in Thousands
Apr. 30, 2016
Jan. 31, 2016
PROPERTY AND EQUIPMENT    
Property and equipment, gross $ 295,616 $ 298,951
Less accumulated depreciation (118,534) (115,772)
Property and equipment, net 177,082 183,179
Rental fleet equipment    
PROPERTY AND EQUIPMENT    
Property and equipment, gross 134,454 137,754
Machinery and equipment    
PROPERTY AND EQUIPMENT    
Property and equipment, gross 23,053 23,051
Vehicles    
PROPERTY AND EQUIPMENT    
Property and equipment, gross 36,593 36,537
Furniture and fixtures    
PROPERTY AND EQUIPMENT    
Property and equipment, gross 38,275 38,149
Land, buildings, and leasehold improvements    
PROPERTY AND EQUIPMENT    
Property and equipment, gross $ 63,241 $ 63,460
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.4.0.3
LINES OF CREDIT / FLOORPLAN PAYABLE (Details)
3 Months Ended
Apr. 30, 2016
USD ($)
floorplan_line_of_credit
Jan. 31, 2016
USD ($)
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE    
Number of significant floorplan lines of credit | floorplan_line_of_credit 3  
Floorplan payable $ 446,304,000 $ 444,780,000
Floorplan Line of Credit    
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE    
Maximum borrowing capacity 1,000,000,000  
Floorplan payable $ 431,100,000 $ 420,700,000
Floorplan Line of Credit | U.S.    
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE    
Interest rate, minimum (as a percent) 2.68%  
Interest rate, maximum (as a percent) 5.57%  
Floorplan Line of Credit | Foreign    
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE    
Maximum borrowing capacity $ 117,800,000  
Interest rate, minimum (as a percent) 1.56%  
Interest rate, maximum (as a percent) 7.70%  
Wells Fargo Credit Facility | Floorplan Line of Credit    
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE    
Maximum borrowing capacity $ 275,000,000  
CNH Industrial Capital Credit Facility | Floorplan Line of Credit    
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE    
Maximum borrowing capacity 450,000,000  
DLL Finance LLC [Member] | Floorplan Line of Credit    
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE    
Maximum borrowing capacity 110,000,000  
Credit Facility | Wells Fargo Credit Facility | Working Capital Revolver Line    
LINES OF CREDIT / FLOORPLAN NOTES PAYABLE    
Maximum borrowing capacity 75,000,000  
Amount outstanding $ 0  
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.4.0.3
SENIOR CONVERTIBLE NOTES (Details)
Apr. 30, 2016
Convertible Notes  
SENIOR CONVERTIBLE NOTES  
Interest rate (as a percent) 3.75%
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.4.0.3
SENIOR CONVERTIBLE NOTES (Details 2)
$ / shares in Units, $ in Thousands
3 Months Ended
Apr. 01, 2016
USD ($)
Apr. 30, 2016
USD ($)
$ / shares
Apr. 30, 2015
USD ($)
Jan. 31, 2016
USD ($)
Convertible notes        
Principal value   $ 119,900   $ 150,000
Gains (Losses) on Extinguishment of Debt   2,102 $ 0  
Coupon interest expense   993 3,827  
Convertible Notes        
Convertible notes        
Principal value   119,900   150,000
Unamortized debt discount   (10,382)   (13,946)
Unamortized debt issuance costs   (1,413)   (1,909)
Carrying value of Senior Convertible Notes   108,105   134,145
Carrying value of equity component, net of deferred taxes   $ 14,520   $ 15,546
Conversion rate   0.0231626    
Conversion price (per share of common stock) | $ / shares   $ 43.17    
Debt Instrument, Repurchased Face Amount $ 30,100      
Extinguishment of Debt, Amount 27,100      
Repayments of Debt 25,000      
Gains (Losses) on Extinguishment of Debt $ 2,100      
Coupon interest expense   $ 1,337 1,406  
Amortization of debt discount   910 894  
Amortization of transaction costs   133 136  
Interest Expense   $ 2,380 $ 2,436  
Remaining period over which unamortized debt discount will be amortized   3 years    
Effective interest rate (as a percent)   7.30% 7.30%  
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.4.0.3
DERIVATIVE INSTRUMENTS (Details 1) - Forward-starting contract - USD ($)
Apr. 30, 2016
Jan. 31, 2016
Oct. 09, 2013
Interest Rate Swap | Cash Flow Hedges      
DERIVATIVE INSTRUMENTS      
Fixed interest rate (as a percent)     1.901%
Notional amount outstanding     $ 100,000,000
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges      
DERIVATIVE INSTRUMENTS      
Notional amount outstanding $ 100,000,000 $ 100,000,000  
Foreign currency contracts | Not designated as hedging instruments      
DERIVATIVE INSTRUMENTS      
Notional amount outstanding $ 17,059,000 $ 13,148,000  
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.4.0.3
DERIVATIVE INSTRUMENTS DERIVATIVES INSTRUMENTS (Details 2) - USD ($)
$ in Thousands
Apr. 30, 2016
Jan. 31, 2016
DERIVATIVE INSTRUMENTS    
Fair Value of Derivative Asset $ 0 $ 125
Fair Value of Derivative Liability 2,807 2,836
Foreign currency contracts | Not designated as hedging instruments    
DERIVATIVE INSTRUMENTS    
Fair Value of Derivative Asset 0 125
Fair Value of Derivative Liability 198 0
Cash Flow Hedges | Interest Rate Swap | Designated as Hedging Instrument    
DERIVATIVE INSTRUMENTS    
Fair Value of Derivative Liability $ 2,609 $ 2,836
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.4.0.3
DERIVATIVE INSTRUMENTS DERIVATE INSTRUMENTS (Details 3) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Foreign currency contracts    
Derivative Instruments, Gain (Loss)    
Amount of Gain (Loss) Recognized in Other Comprehensive Income $ (144) $ 292
Amount of Gain (Loss) Recognized in Income (1,011) (361)
Foreign currency contracts | Designated as Hedging Instrument | Net Investment Hedges    
Derivative Instruments, Gain (Loss)    
Amount of Gain (Loss) Recognized in Other Comprehensive Income 0 111
Amount of Gain (Loss) Recognized in Income 0 0
Foreign currency contracts | Designated as Hedging Instrument | Cash Flow Hedges    
Derivative Instruments, Gain (Loss)    
Amount of Gain (Loss) Recognized in Other Comprehensive Income 0 0
Amount of Gain (Loss) Recognized in Income 0 (13)
Foreign currency contracts | Not designated as hedging instruments    
Derivative Instruments, Gain (Loss)    
Amount of Gain (Loss) Recognized in Other Comprehensive Income 0 0
Amount of Gain (Loss) Recognized in Income (640) 82
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges    
Derivative Instruments, Gain (Loss)    
Amount of Gain (Loss) Recognized in Other Comprehensive Income (144) 181
Amount of Gain (Loss) Recognized in Income $ (371) $ (430)
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.4.0.3
DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS NARRATIVE (Details) - Interest Rate Swap - Cash Flow Hedges
$ in Millions
3 Months Ended
Apr. 30, 2016
USD ($)
Derivative  
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Tax $ (2.6)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months $ (1.3)
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.4.0.3
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)
$ in Thousands
Apr. 30, 2016
Jan. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Assets $ 0 $ 125
Financial Liability (2,807) (2,836)
Principal value 119,900 150,000
Estimate of Fair Value Measurement    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Senior Convertible Notes 100,000 105,000
Reported Value Measurement    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Senior Convertible Notes 108,105 134,145
Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Liability (2,609) (2,836)
Foreign Exchange Contract    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Assets 0 125
Financial Liability (198) 0
Fair Value, Inputs, Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Assets 0 0
Financial Liability 0 0
Fair Value, Inputs, Level 1 | Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Liability 0 0
Fair Value, Inputs, Level 1 | Foreign Exchange Contract    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Assets 0 0
Financial Liability 0 0
Fair Value, Inputs, Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Assets 0 125
Financial Liability (2,807) (2,836)
Fair Value, Inputs, Level 2 | Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Liability (2,609) (2,836)
Fair Value, Inputs, Level 2 | Foreign Exchange Contract    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Assets 0 125
Financial Liability (198) 0
Fair Value, Inputs, Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Assets 0 0
Financial Liability 0 0
Fair Value, Inputs, Level 3 | Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Liability 0 0
Fair Value, Inputs, Level 3 | Foreign Exchange Contract    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Financial Assets 0 0
Financial Liability $ 0 $ 0
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.4.0.3
SEGMENT INFORMATION AND OPERATING RESULTS (Details)
$ in Thousands
3 Months Ended
Apr. 30, 2016
USD ($)
segment
Apr. 30, 2015
USD ($)
Jan. 31, 2016
USD ($)
Segment Reporting [Abstract]      
Number of reportable segments | segment 3    
SEGMENT INFORMATION AND OPERATING RESULTS      
Revenue $ 284,860 $ 353,196  
Income (Loss) Before Income Taxes (5,800) (8,826)  
Total Assets 1,006,043   $ 1,047,875
Shared Resources      
SEGMENT INFORMATION AND OPERATING RESULTS      
Income (Loss) Before Income Taxes 519 196  
Total Assets 86,883   85,699
Operating Segments      
SEGMENT INFORMATION AND OPERATING RESULTS      
Income (Loss) Before Income Taxes (6,319) (9,022)  
Total Assets 919,160   962,176
Operating Segments | Agriculture      
SEGMENT INFORMATION AND OPERATING RESULTS      
Revenue 178,807 239,855  
Income (Loss) Before Income Taxes (3,758) (1,086)  
Total Assets 529,862   557,579
Operating Segments | Construction      
SEGMENT INFORMATION AND OPERATING RESULTS      
Revenue 78,001 81,171  
Income (Loss) Before Income Taxes (2,044) (3,565)  
Total Assets 267,869   294,891
Operating Segments | International      
SEGMENT INFORMATION AND OPERATING RESULTS      
Revenue 28,052 32,170  
Income (Loss) Before Income Taxes (517) $ (4,371)  
Total Assets $ 121,429   $ 109,706
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.4.0.3
STORE CLOSINGS AND REALIGNMENT COST (Details) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Realignment Costs    
Amount of Realignment Cost Incurred $ 247 $ 1,601
Agriculture    
Realignment Costs    
Amount of Realignment Cost Incurred (152) 640
Construction    
Realignment Costs    
Amount of Realignment Cost Incurred 21 663
Shared Resource Center    
Realignment Costs    
Amount of Realignment Cost Incurred 378 298
Lease termination costs | Realignment Cost    
Realignment Costs    
Amount of Realignment Cost Incurred (152) 561
Lease termination costs | Realignment Cost | Agriculture    
Realignment Costs    
Amount of Realignment Cost Incurred (152) 251
Lease termination costs | Realignment Cost | Construction    
Realignment Costs    
Amount of Realignment Cost Incurred 0 261
Lease termination costs | Realignment Cost | Shared Resource Center    
Realignment Costs    
Amount of Realignment Cost Incurred 0 49
Employee severance costs | Realignment Cost    
Realignment Costs    
Amount of Realignment Cost Incurred 399 749
Employee severance costs | Realignment Cost | Agriculture    
Realignment Costs    
Amount of Realignment Cost Incurred 0 304
Employee severance costs | Realignment Cost | Construction    
Realignment Costs    
Amount of Realignment Cost Incurred 21 258
Employee severance costs | Realignment Cost | Shared Resource Center    
Realignment Costs    
Amount of Realignment Cost Incurred 378 187
Impairment of fixed assets, net of gains on asset disposition | Realignment Cost    
Realignment Costs    
Amount of Realignment Cost Incurred 0 152
Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | Construction    
Realignment Costs    
Amount of Realignment Cost Incurred 0 90
Impairment of fixed assets, net of gains on asset disposition | Realignment Cost | Shared Resource Center    
Realignment Costs    
Amount of Realignment Cost Incurred 0 62
Asset relocation and other closing costs | Realignment Cost    
Realignment Costs    
Amount of Realignment Cost Incurred 0 139
Asset relocation and other closing costs | Realignment Cost | Agriculture    
Realignment Costs    
Amount of Realignment Cost Incurred 0 85
Asset relocation and other closing costs | Realignment Cost | Construction    
Realignment Costs    
Amount of Realignment Cost Incurred $ 0 $ 54
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.4.0.3
STORE CLOSINGS AND REALIGNMENT COST (Details 2)
$ in Thousands
3 Months Ended
Apr. 30, 2016
USD ($)
Realignment Reserve [Roll Forward]  
Balance, January 31, 2016 $ 660
Balance, April 30, 2016 512
Lease termination costs  
Realignment Reserve [Roll Forward]  
Exit costs incurred and charged to expense (152)
Exit costs paid (89)
Employee severance costs  
Realignment Reserve [Roll Forward]  
Exit costs incurred and charged to expense 399
Exit costs paid $ (306)
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.4.0.3
INCOME TAXES INCOME TAXES (Details) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]    
U.S. $ (5,283) $ (4,488)
Foreign (517) (4,338)
Income (Loss) Before Income Taxes $ (5,800) $ (8,826)
Effective Income Tax Rate Reconciliation, Percent [Abstract]    
U.S. statutory rate (as a percent) (35.00%) (35.00%)
Foreign statutory rates (as a percent) 2.10% 11.70%
States taxes on income net of federal tax benefit (as a percent) (4.10%) (4.10%)
Change in valuation allowance (as a percent) 6.60% 35.70%
Tax effect of Ukrainian hryvnia devaluation (as a percent) (6.00%) (28.00%)
All other, net (as a percent) 2.90% (2.20%)
Effective tax rate (as a percent) (33.50%) (21.90%)
Minimum    
Operating Loss Carryforward Period 5 years  
Maximum    
Operating Loss Carryforward Period 7 years  
EXCEL 55 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 59 FilingSummary.xml IDEA: XBRL DOCUMENT 3.4.0.3 html 208 209 1 false 55 0 false 6 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.titanmachinery.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://www.titanmachinery.com/role/ConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 1001501 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.titanmachinery.com/role/ConsolidatedBalanceSheetsParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://www.titanmachinery.com/role/ConsolidatedStatementsOfOperations CONSOLIDATED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 1003000 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Sheet http://www.titanmachinery.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Statements 5 false false R6.htm 1003501 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) Sheet http://www.titanmachinery.com/role/ConsolidatedStatementsOfComprehensiveIncomeLossParenthetical CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) Statements 6 false false R7.htm 1004000 - Statement - CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Sheet http://www.titanmachinery.com/role/ConsolidatedStatementsOfStockholdersEquity CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Statements 7 false false R8.htm 1005000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.titanmachinery.com/role/ConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 8 false false R9.htm 2101100 - Disclosure - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.titanmachinery.com/role/BusinessActivityAndSignificantAccountingPolicies BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Notes 9 false false R10.htm 2102100 - Disclosure - INVENTORIES Sheet http://www.titanmachinery.com/role/Inventories INVENTORIES Notes 10 false false R11.htm 2103100 - Disclosure - PROPERTY AND EQUIPMENT Sheet http://www.titanmachinery.com/role/PropertyAndEquipment PROPERTY AND EQUIPMENT Notes 11 false false R12.htm 2104100 - Disclosure - LINES OF CREDIT / FLOORPLAN PAYABLE Sheet http://www.titanmachinery.com/role/LinesOfCreditFloorplanPayable LINES OF CREDIT / FLOORPLAN PAYABLE Notes 12 false false R13.htm 2105100 - Disclosure - SENIOR CONVERTIBLE NOTES Notes http://www.titanmachinery.com/role/SeniorConvertibleNotes SENIOR CONVERTIBLE NOTES Notes 13 false false R14.htm 2106100 - Disclosure - DERIVATIVE INSTRUMENTS Sheet http://www.titanmachinery.com/role/DerivativeInstruments DERIVATIVE INSTRUMENTS Notes 14 false false R15.htm 2107100 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS Sheet http://www.titanmachinery.com/role/FairValueOfFinancialInstruments FAIR VALUE OF FINANCIAL INSTRUMENTS Notes 15 false false R16.htm 2108100 - Disclosure - SEGMENT INFORMATION AND OPERATING RESULTS Sheet http://www.titanmachinery.com/role/SegmentInformationAndOperatingResults SEGMENT INFORMATION AND OPERATING RESULTS Notes 16 false false R17.htm 2109100 - Disclosure - STORE CLOSINGS AND REALIGNMENT COST Sheet http://www.titanmachinery.com/role/StoreClosingsAndRealignmentCost STORE CLOSINGS AND REALIGNMENT COST Notes 17 false false R18.htm 2111100 - Disclosure - INCOME TAXES Sheet http://www.titanmachinery.com/role/IncomeTaxes INCOME TAXES Notes 18 false false R19.htm 2201201 - Disclosure - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.titanmachinery.com/role/BusinessActivityAndSignificantAccountingPoliciesPolicies BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 19 false false R20.htm 2301302 - Disclosure - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://www.titanmachinery.com/role/BusinessActivityAndSignificantAccountingPoliciesTables BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://www.titanmachinery.com/role/BusinessActivityAndSignificantAccountingPolicies 20 false false R21.htm 2302301 - Disclosure - INVENTORIES (Tables) Sheet http://www.titanmachinery.com/role/InventoriesTables INVENTORIES (Tables) Tables http://www.titanmachinery.com/role/Inventories 21 false false R22.htm 2303301 - Disclosure - PROPERTY AND EQUIPMENT (Tables) Sheet http://www.titanmachinery.com/role/PropertyAndEquipmentTables PROPERTY AND EQUIPMENT (Tables) Tables http://www.titanmachinery.com/role/PropertyAndEquipment 22 false false R23.htm 2305301 - Disclosure - SENIOR CONVERTIBLE NOTES (Tables) Notes http://www.titanmachinery.com/role/SeniorConvertibleNotesTables SENIOR CONVERTIBLE NOTES (Tables) Tables http://www.titanmachinery.com/role/SeniorConvertibleNotes 23 false false R24.htm 2306301 - Disclosure - DERIVATIVE INSTRUMENTS (Tables) Sheet http://www.titanmachinery.com/role/DerivativeInstrumentsTables DERIVATIVE INSTRUMENTS (Tables) Tables http://www.titanmachinery.com/role/DerivativeInstruments 24 false false R25.htm 2307301 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) Sheet http://www.titanmachinery.com/role/FairValueOfFinancialInstrumentsTables FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) Tables http://www.titanmachinery.com/role/FairValueOfFinancialInstruments 25 false false R26.htm 2308301 - Disclosure - SEGMENT INFORMATION AND OPERATING RESULTS (Tables) Sheet http://www.titanmachinery.com/role/SegmentInformationAndOperatingResultsTables SEGMENT INFORMATION AND OPERATING RESULTS (Tables) Tables http://www.titanmachinery.com/role/SegmentInformationAndOperatingResults 26 false false R27.htm 2309301 - Disclosure - STORE CLOSINGS AND REALIGNMENT COST (Tables) Sheet http://www.titanmachinery.com/role/StoreClosingsAndRealignmentCostTables STORE CLOSINGS AND REALIGNMENT COST (Tables) Tables http://www.titanmachinery.com/role/StoreClosingsAndRealignmentCost 27 false false R28.htm 2311301 - Disclosure - INCOME TAXES (Tables) Sheet http://www.titanmachinery.com/role/IncomeTaxesTables INCOME TAXES (Tables) Tables http://www.titanmachinery.com/role/IncomeTaxes 28 false false R29.htm 2401403 - Disclosure - BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://www.titanmachinery.com/role/BusinessActivityAndSignificantAccountingPoliciesDetails BUSINESS ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://www.titanmachinery.com/role/BusinessActivityAndSignificantAccountingPoliciesTables 29 false false R30.htm 2402402 - Disclosure - INVENTORIES (Details) Sheet http://www.titanmachinery.com/role/InventoriesDetails INVENTORIES (Details) Details http://www.titanmachinery.com/role/InventoriesTables 30 false false R31.htm 2403402 - Disclosure - PROPERTY AND EQUIPMENT (Details) Sheet http://www.titanmachinery.com/role/PropertyAndEquipmentDetails PROPERTY AND EQUIPMENT (Details) Details http://www.titanmachinery.com/role/PropertyAndEquipmentTables 31 false false R32.htm 2404401 - Disclosure - LINES OF CREDIT / FLOORPLAN PAYABLE (Details) Sheet http://www.titanmachinery.com/role/LinesOfCreditFloorplanPayableDetails LINES OF CREDIT / FLOORPLAN PAYABLE (Details) Details http://www.titanmachinery.com/role/LinesOfCreditFloorplanPayable 32 false false R33.htm 2405402 - Disclosure - SENIOR CONVERTIBLE NOTES (Details) Notes http://www.titanmachinery.com/role/SeniorConvertibleNotesDetails SENIOR CONVERTIBLE NOTES (Details) Details http://www.titanmachinery.com/role/SeniorConvertibleNotesTables 33 false false R34.htm 2405403 - Disclosure - SENIOR CONVERTIBLE NOTES (Details 2) Notes http://www.titanmachinery.com/role/SeniorConvertibleNotesDetails2 SENIOR CONVERTIBLE NOTES (Details 2) Details http://www.titanmachinery.com/role/SeniorConvertibleNotesTables 34 false false R35.htm 2406402 - Disclosure - DERIVATIVE INSTRUMENTS (Details 1) Sheet http://www.titanmachinery.com/role/DerivativeInstrumentsDetails1 DERIVATIVE INSTRUMENTS (Details 1) Details http://www.titanmachinery.com/role/DerivativeInstrumentsTables 35 false false R36.htm 2406403 - Disclosure - DERIVATIVE INSTRUMENTS DERIVATIVES INSTRUMENTS (Details 2) Sheet http://www.titanmachinery.com/role/DerivativeInstrumentsDerivativesInstrumentsDetails2 DERIVATIVE INSTRUMENTS DERIVATIVES INSTRUMENTS (Details 2) Details 36 false false R37.htm 2406404 - Disclosure - DERIVATIVE INSTRUMENTS DERIVATE INSTRUMENTS (Details 3) Sheet http://www.titanmachinery.com/role/DerivativeInstrumentsDerivateInstrumentsDetails3 DERIVATIVE INSTRUMENTS DERIVATE INSTRUMENTS (Details 3) Details 37 false false R38.htm 2406405 - Disclosure - DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS NARRATIVE (Details) Sheet http://www.titanmachinery.com/role/DerivativeInstrumentsDerivativeInstrumentsNarrativeDetails DERIVATIVE INSTRUMENTS DERIVATIVE INSTRUMENTS NARRATIVE (Details) Details 38 false false R39.htm 2407402 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) Sheet http://www.titanmachinery.com/role/FairValueOfFinancialInstrumentsDetails FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) Details http://www.titanmachinery.com/role/FairValueOfFinancialInstrumentsTables 39 false false R40.htm 2408402 - Disclosure - SEGMENT INFORMATION AND OPERATING RESULTS (Details) Sheet http://www.titanmachinery.com/role/SegmentInformationAndOperatingResultsDetails SEGMENT INFORMATION AND OPERATING RESULTS (Details) Details http://www.titanmachinery.com/role/SegmentInformationAndOperatingResultsTables 40 false false R41.htm 2409402 - Disclosure - STORE CLOSINGS AND REALIGNMENT COST (Details) Sheet http://www.titanmachinery.com/role/StoreClosingsAndRealignmentCostDetails STORE CLOSINGS AND REALIGNMENT COST (Details) Details http://www.titanmachinery.com/role/StoreClosingsAndRealignmentCostTables 41 false false R42.htm 2409403 - Disclosure - STORE CLOSINGS AND REALIGNMENT COST (Details 2) Sheet http://www.titanmachinery.com/role/StoreClosingsAndRealignmentCostDetails2 STORE CLOSINGS AND REALIGNMENT COST (Details 2) Details http://www.titanmachinery.com/role/StoreClosingsAndRealignmentCostTables 42 false false R43.htm 2411402 - Disclosure - INCOME TAXES INCOME TAXES (Details) Sheet http://www.titanmachinery.com/role/IncomeTaxesIncomeTaxesDetails INCOME TAXES INCOME TAXES (Details) Details 43 false false All Reports Book All Reports titn-20160430.xml titn-20160430.xsd titn-20160430_cal.xml titn-20160430_def.xml titn-20160430_lab.xml titn-20160430_pre.xml true true ZIP 61 0001409171-16-000113-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001409171-16-000113-xbrl.zip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�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end