EARNINGS PER SHARE (Notes)

9 Months Ended

Oct. 31, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE    The following table sets forth the calculation of basic and diluted earnings per share (EPS):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
	(in thousands, except per share data)
Numerator:
Net income	$	21,816	$	9,912	$	43,612	$	18,574
Allocation to participating securities	(309)		(186)		(655)		(301)
Net income attributable to Titan Machinery Inc. common stockholders	$	21,507	$	9,726	$	42,957	$	18,273
Denominator:
Basic weighted-average common shares outstanding	22,213		22,132		22,228		22,089
Plus: incremental shares from vesting of restricted stock units	9		5		10		2
Diluted weighted-average common shares outstanding	22,222		22,137		22,238		22,091
Earnings Per Share:
Basic	$	0.97	$	0.44	$	1.93	$	0.83
Diluted	$	0.97	$	0.44	$	1.93	$	0.83