Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - CONNS INC | conns01312017ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CONNS INC | conns01312017ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CONNS INC | conns01312017ex311.htm |
| EX-23.1 - EXHIBIT 23.1 - CONNS INC | conns01312017ex231.htm |
| EX-21 - EXHIBIT 21 - CONNS INC | conns01312017ex21.htm |
| EX-10.18.3 - EXHIBIT 10.18.3 - CONNS INC | conns01312017ex10183.htm |
| EX-10.5.4 - EXHIBIT 10.5.4 - CONNS INC | conns01312017ex1054.htm |
| EX-10.5.3 - EXHIBIT 10.5.3 - CONNS INC | conns01312017ex1053.htm |
| 10-K - 10-K - CONNS INC | conns0131201710-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, | |||||||||||||||||||
2017(1) | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Income (loss) before income taxes | $ | (34,517 | ) | $ | 90,502 | $ | 146,519 | $ | 82,721 | $ | (3,882 | ) | |||||||
Fixed charges | 122,701 | 86,195 | 50,245 | 32,076 | 29,037 | ||||||||||||||
Capitalized interest | (353 | ) | (660 | ) | (189 | ) | (333 | ) | (360 | ) | |||||||||
Total earnings | $ | 87,831 | $ | 134,778 | $ | 140,558 | $ | 178,262 | $ | 111,398 | |||||||||
Interest expense(2) | $ | 98,968 | $ | 63,767 | $ | 29,554 | $ | 15,657 | $ | 17,407 | |||||||||
Estimated interest within rent expense | 23,733 | 22,428 | 20,691 | 16,419 | 11,630 | ||||||||||||||
Total fixed charges | $ | 122,701 | $ | 86,195 | $ | 50,245 | $ | 32,076 | $ | 29,037 | |||||||||
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, 2017, the ratio coverage was less than 1:1. Additional earnings of $34.9 million would have been required to achieve a ratio of 1:1. |
(2) | Includes interest and fees on debt, interest on capital leases (including capitalized interest) and amortization of debt issuance costs. |