|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Apr. 30, 2012
|
Apr. 30, 2011
|
| REVENUE |
|
|
| Equipment |
$ 322,528 |
$ 249,229 |
| Parts |
58,844 |
41,910 |
| Service |
29,752 |
20,964 |
| Rental and other |
10,599 |
6,062 |
| TOTAL REVENUE |
421,723 |
318,165 |
| COST OF REVENUE |
|
|
| Equipment |
292,085 |
223,301 |
| Parts |
40,653 |
29,720 |
| Service |
10,363 |
7,908 |
| Rental and other |
8,213 |
4,433 |
| TOTAL COST OF REVENUE |
351,314 |
265,362 |
| GROSS PROFIT |
70,409 |
52,803 |
| OPERATING EXPENSES |
54,856 |
39,436 |
| INCOME FROM OPERATIONS |
15,553 |
13,367 |
| OTHER INCOME (EXPENSE) |
|
|
| Interest and other income |
488 |
285 |
| Floorplan interest expense |
(2,898) |
(1,162) |
| Interest expense other |
(793) |
(275) |
| INCOME BEFORE INCOME TAXES |
12,350 |
12,215 |
| PROVISION FOR INCOME TAXES |
(4,891) |
(4,947) |
| NET INCOME INCLUDING NONCONTROLLING INTEREST |
7,459 |
7,268 |
| NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST |
138 |
|
| NET INCOME ATTRIBUTABLE TO TITAN MACHINERY INC. |
$ 7,597 |
$ 7,268 |
| EARNINGS PER SHARE - NOTE 1 |
|
|
| EARNINGS PER SHARE - BASIC (in dollars per share) |
$ 0.36 |
$ 0.41 |
| EARNINGS PER SHARE - DILUTED (in dollars per share) |
$ 0.36 |
$ 0.40 |
| WEIGHTED AVERAGE SHARES - BASIC (in shares) |
20,723 |
17,754 |
| WEIGHTED AVERAGE SHARES - DILUTED (in shares) |
20,962 |
18,141 |