Attached files
| file | filename |
|---|---|
| EX-21 - EXHIBIT 21 - CONNS INC | conn1312016ex21.htm |
| EX-18 - EXHIBIT 18 - CONNS INC | conn01312016ex18.htm |
| EX-32.1 - EXHIBIT 32.1 - CONNS INC | conn01312016ex321.htm |
| EX-31.1 - EXHIBIT 31.1 - CONNS INC | conn01312016ex311.htm |
| EX-23.1 - EXHIBIT 23.1 - CONNS INC | conn01312016ex231.htm |
| EX-31.2 - EXHIBIT 31.2 - CONNS INC | conn01312016ex312.htm |
| 10-K - 10-K - CONNS INC | conn0131201610-k.htm |
EXHIBIT 12.1
CONN’S, INC. AND SUBSIDIARIES
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Year Ended January 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012(1) | |||||||||||||||
Income before income taxes | $ | 49,243 | $ | 90,502 | $ | 146,519 | $ | 82,721 | $ | (3,882 | ) | ||||||||
Fixed charges | 86,195 | 50,245 | 32,076 | 29,037 | 34,430 | ||||||||||||||
Capitalized interest | (660 | ) | (189 | ) | (333 | ) | (360 | ) | (21 | ) | |||||||||
Total earnings | $ | 134,778 | $ | 140,558 | $ | 178,262 | $ | 111,398 | $ | 30,527 | |||||||||
Interest expense (including capitalized interest) | $ | 50,973 | $ | 26,912 | $ | 12,522 | $ | 13,653 | $ | 19,893 | |||||||||
Amortized premiums and expenses | 12,794 | 2,642 | 3,135 | 3,754 | 2,586 | ||||||||||||||
Estimated interest within rent expense | 22,428 | 20,691 | 16,419 | 11,630 | 11,951 | ||||||||||||||
Total fixed charges | $ | 86,195 | $ | 50,245 | $ | 32,076 | $ | 29,037 | $ | 34,430 | |||||||||
Ratio of earnings to fixed charges | 1.6 | 2.8 | 5.6 | 3.8 | — | ||||||||||||||
(1) | Due to our loss in the year ended January 31, 2012, the ratio coverage was less than 1:1. Additional earnings of $3.9 million would have been required to achieve a ratio of 1:1. For the year ended January 31, 2012, we incurred charges of approximately $11.1 million related to the repayment of our term loan that are not included in amortized premiums and expenses above. This amount included a prepayment premium of $4.8 million, write-off of the unamortized original issue discount of $5.4 million and deferred financing costs of $0.9 million. |