Attached files
EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
| Year Ended January 31, | ||||||||||||||||||||
| 2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||||
| Income before minority interest and income taxes |
$ | 57,596 | $ | 63,118 | $ | 62,629 | $ | 7,449 | $ | 165 | ||||||||||
| Fixed charges |
32,299 | 36,560 | 37,105 | 34,880 | 40,699 | |||||||||||||||
| Capitalized interest |
(299 | ) | (252 | ) | (164 | ) | (89 | ) | (18 | ) | ||||||||||
| Total earnings |
$ | 89,596 | $ | 99,426 | $ | 99,570 | $ | 42,240 | $ | 40,846 | ||||||||||
| Interest expense (including capitalized interest) |
$ | 22,505 | $ | 25,853 | $ | 24,072 | $ | 20,666 | $ | 24,553 | ||||||||||
| Amortized premiums and expenses |
508 | 498 | 1,022 | 1,414 | 3,546 | |||||||||||||||
| Estimated interest within rent expense |
9,286 | 10,209 | 12,011 | 12,800 | 12,600 | |||||||||||||||
| Total fixed charges |
$ | 32,299 | $ | 36,560 | $ | 37,105 | $ | 34,880 | $ | 40,699 | ||||||||||
| Ratio of earnings to fixed charges |
2.8 | 2.7 | 2.7 | 1.2 | 1.0 | |||||||||||||||
Schedule II — Valuation and Qualifying Accounts
Conn’s, Inc.
| (Dollars in thousands) Description |
Additions | |||||||||||||||||||
| Balance at Beginning of Period |
Charged to Costs and Expenses |
Charged to other Accounts |
Deductions 1 | Balance at End of Period |
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| Year ended January 31, 2009 |
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| Reserves and allowances from asset accounts: |
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| Allowance for doubtful accounts |
$ | 18,843 | $ | 27,952 | $ | — | $ | (19,814 | ) | $ | 26,981 | |||||||||
| Year ended January 31, 2010 |
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| Reserves and allowances from asset accounts: |
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| Allowance for doubtful accounts |
$ | 26,981 | $ | 36,843 | $ | — | $ | (27,972 | ) | $ | 35,852 | |||||||||
| Year ended January 31, 2011 |
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| Reserves and allowances from asset accounts: |
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| Allowance for doubtful accounts |
$ | 35,852 | $ | 33,054 | $ | — | $ | (34,596 | ) | $ | 34,310 | |||||||||
1. Uncollectible accounts written off, net of recoveries.