v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Jul. 31, 2022
Jan. 31, 2022
Current Assets    
Cash $ 142,057 $ 146,149
Receivables, net of allowance for expected credit losses 96,369 94,287
Inventories, net 556,383 421,758
Prepaid expenses and other 17,736 28,135
Total current assets 812,545 690,329
Noncurrent Assets    
Property and equipment, net of accumulated depreciation 188,964 178,243
Operating lease assets 51,888 56,150
Deferred income taxes 2,239 1,328
Goodwill 9,535 8,952
Intangible assets, net of accumulated amortization 11,480 10,624
Other 1,220 1,041
Total noncurrent assets 265,326 256,338
Total Assets 1,077,871 946,667
Current Liabilities    
Accounts payable 28,344 25,644
Floorplan payable 274,244 135,415
Current maturities of long-term debt 6,650 5,876
Current operating lease liabilities 9,465 9,601
Deferred revenue 91,819 134,146
Accrued expenses and other 42,856 59,339
Income taxes payable 6,289 4,700
Total current liabilities 459,667 374,721
Long-Term Liabilities    
Long-term debt, less current maturities 86,500 74,772
Operating lease liabilities 50,998 55,595
Deferred Income Tax Liabilities, Net 1,991 2,006
Other long-term liabilities 4,438 4,374
Total long-term liabilities 143,927 136,747
Commitments and Contingencies (Note 15)
Common stock, shares outstanding 22,695 22,588
Common stock, shares issued 22,695 22,588
Stockholders' Equity    
Common stock, par value $.00001 per share, 45,000 shares authorized; 22,695 shares issued and outstanding at July 31, 2022; 22,588 shares issued and outstanding at January 31, 2022 $ 0 $ 0
Additional paid-in-capital 255,188 254,455
Retained earnings 225,415 182,916
Accumulated other comprehensive loss (6,326) (2,172)
Total Titan Machinery Inc. stockholders' equity 474,277 435,199
Total Liabilities and Stockholders' Equity $ 1,077,871 $ 946,667