Titan Machinery, Inc., owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The Company has three business segments: Agriculture, Construction and International, within which the company sells and rent new and used equipment, sell parts, and service equipment. The agricultural equipment the company sells and service includes machinery and attachments for uses ranging from large-scale farming to home and garden purposes. The construction equipment the company sells and service includes heavy construction and light industrial machinery for commercial and residential construction, road and highway construction, and mining operations. The Company also sell parts and provide in-store and on-site repair and maintenance services. It also rent equipment and provide ancillary services such as equipment transportation, Global Positioning System ("GPS") signal subscriptions, and finance and insurance products. The Company sells new agricultural and construction equipment manufactured under the CNH family of brands as well as equipment from a variety of other manufacturers. It provide repair and maintenance services, including warranty repairs, for its customers' equipment. The Company's Agriculture customers vary from small, single machine owners to large farming operations, primarily in the states of Iowa, Minnesota, Nebraska, North Dakota and South Dakota. The Construction customers include a wide range of construction contractors, public utilities, mining and energy companies, municipalities and maintenance contractors, primarily in the states of Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming. The Company's competitors range from multi-location, regional operators to single-location, local dealers and include dealers and distributors of competing equipment brands, including Deere, Caterpillar and the AGCO brands, as well as other dealers and distributors of the CNH family of brands, RDO Equipment Co., Butler Machinery, Ziegler Inc. and Brandt Holdings Co. RDO Equipment Co. The Company is subject to numerous federal, state, and local rules and regulations, including regulations promulgated by the Environmental Protection Agency and similar state agencies, with respect to storing, shipping, disposing, discharging and manufacturing hazardous materials and hazardous and non-hazardous waste.