CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Apr. 30, 2012
Jan. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 106,717 $ 79,842
Receivables, net 53,679 82,518
Inventories 823,195 748,047
Prepaid expenses and other 5,128 2,108
Income taxes receivable   3,140
Deferred income taxes 5,256 5,370
Total current assets 993,975 921,025
INTANGIBLES AND OTHER ASSETS    
Noncurrent parts inventories 3,147 2,792
Goodwill 26,255 24,404
Intangible assets, net of accumulated amortization 11,459 10,793
Other 7,850 2,776
Total intangibles and other assets 48,711 40,765
PROPERTY AND EQUIPMENT, net of accumulated depreciation 167,759 126,282
TOTAL ASSETS 1,210,445 1,088,072
CURRENT LIABILITIES    
Accounts payable 37,322 28,424
Floorplan notes payable 571,170 552,428
Current maturities of long-term debt 4,566 4,755
Customer deposits 25,247 49,540
Accrued expenses 21,903 26,735
Income taxes payable 233  
Total current liabilities 660,441 661,882
LONG-TERM LIABILITIES    
Senior convertible notes 123,378  
Long-term debt, less current maturities 21,607 57,405
Deferred income taxes 38,926 28,592
Other long-term liabilities 2,087 2,854
Total long-term liabilities 185,998 88,851
STOCKHOLDERS' EQUITY    
Common stock, par value $.00001 per share, authorized - 25,000 shares; issued and outstanding - 20,939 at April 30, 2012 and 20,911 at January 31, 2012      
Additional paid-in-capital 234,651 218,156
Retained earnings 125,848 118,251
Accumulated other comprehensive income (loss) 112 (70)
Total Titan Machinery Inc. stockholders' equity 360,611 336,337
Noncontrolling interest 3,395 1,002
Total stockholders' equity 364,006 337,339
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,210,445 $ 1,088,072