v3.25.2
Intangible Assets, Goodwill and Other (Tables)
 6 Months Ended
Jul. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets The following is a summary of the changes in indefinite-lived intangible assets, by segment, for the six months ended July 31, 2025:
AgricultureConstructionAustraliaTotal
(in thousands)
January 31, 2025$18,154 $72 $20,738 $38,964 
Foreign currency translation— — 1,135 1,135 
July 31, 2025$18,154 $72 $21,873 $40,099 
Schedule of Intangible Assets and Goodwill [Table Text Block]
The following presents changes in the carrying amount of goodwill, by segment, for the six months ended July 31, 2025:
AgricultureAustraliaTotal
(in thousands)
January 31, 2025$37,820 $23,426 $61,246 
Arising from business combinations1,400 — 1,400 
Foreign currency translation— 1,290 1,290 
July 31, 2025$39,220 $24,716 $63,936 
The Company performed an interim impairment test in the six months ended July 31, 2025 for the German reporting unit. Under the impairment test, the fair value of the reporting unit is estimated using an income approach in which a discounted cash flow analysis is utilized, which includes a five-year forecast of future operating performance for the reporting unit and a terminal value that estimates sustained long-term growth. The discount rate applied to the estimated future cash flows reflects an estimate of the weighted-average cost of capital of comparable companies.
The quantitative goodwill impairment analysis for the German reporting unit indicated that the estimated fair value of the reporting unit was less than the carrying value. The implied fair value of the goodwill associated with the reporting unit approximated zero, thus requiring a full impairment charge of the goodwill carrying value of the reporting unit. As such, a goodwill impairment charge of $0.5 million was recognized within the Europe segment, which is included in Impairment of Goodwill in the Condensed Consolidated Statements of Operations.