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CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Oct. 31, 2021
Jan. 31, 2021
Current Assets    
Cash $ 90,540 $ 78,990
Receivables, net of allowance for expected credit losses 85,842 69,109
Inventories 412,674 418,458
Prepaid expenses and other 15,121 13,677
Total current assets 604,177 580,234
Noncurrent Assets    
Property and equipment, net of accumulated depreciation 175,328 147,165
Operating lease assets 59,950 74,445
Deferred income taxes 6,726 3,637
Goodwill 1,433 1,433
Intangible assets, net of accumulated amortization 6,535 7,785
Other 1,070 1,090
Total noncurrent assets 251,042 235,555
Total Assets 855,219 815,789
Current Liabilities    
Accounts payable 24,312 20,045
Floorplan payable 174,659 161,835
Current maturities of long-term debt 5,667 4,591
Current operating lease liabilities 9,922 11,772
Deferred revenue 35,207 59,418
Accrued expenses and other 49,133 48,791
Income taxes payable 6,783 11,048
Total current liabilities 305,683 317,500
Long-Term Liabilities    
Long-term debt, less current maturities 70,502 44,906
Operating lease liabilities 59,264 73,567
Other long-term liabilities 6,192 8,535
Total long-term liabilities 135,958 127,008
Commitments and Contingencies (Note 16)
Common stock, shares outstanding 22,592 22,553
Common stock, shares issued 22,592 22,553
Stockholders' Equity    
Common stock, par value $.00001 per share, 45,000 shares authorized; 22,592 shares issued and outstanding at October 31, 2021; 22,553 shares issued and outstanding at January 31, 2021 $ 0 $ 0
Additional paid-in-capital 253,782 252,913
Retained earnings 160,482 116,869
Accumulated other comprehensive income (loss) (686) 1,499
Total Titan Machinery Inc. stockholders' equity 413,578 371,281
Total Liabilities and Stockholders' Equity $ 855,219 $ 815,789