Conns (CONNQ) 8-K Other Events

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

	2010			2009			2008			2007			2006
Income before minority interest and income taxes	$	8,035		$	63,642		$	64,242		$	58,234		$	61,482
Fixed charges		34,880			37,105			36,560			32,299			26,467
Capitalized interest		(89	)		(164	)		(252	)		(299	)		—
Total earnings	$	42,826		$	100,583		$	100,550		$	90,234		$	87,949
Interest expense (including capitalized interest)	$	20,666		$	24,072		$	25,853		$	22,505		$	17,647
Amortized premiums and expenses		1,414			1,022			498			508			457
Estimated interest within rent expense		12,800			12,011			10,209			9,286			8,363
Total fixed charges	$	34,880		$	37,105		$	36,560		$	32,299		$	26,467
Ratio of earnings to fixed charges		1.2			2.7			2.8			2.8			3.3

Schedule II — Valuation and Qualifying Accounts
Conn’s, Inc.

			Additions
					Charged to
	Balance at		Charged to		Other					Balance at
	Beginning of		Costs and		Accounts-		Deductions-			End of
Description	Period		Expenses		Describe		Describe1			Period
Year ended January 31, 2008
Reserves and allowances from asset accounts:
Allowance for doubtful accounts	$	17,520	$	19,465	$	—	$	(18,142	)	$	18,843
Year ended January 31, 2009
Reserves and allowances from asset accounts:
Allowance for doubtful accounts	$	18,843	$	27,952	$	—	$	(19,814	)	$	26,981
Year ended January 31, 2010
Reserves and allowances from asset accounts:
Allowance for doubtful accounts	$	26,981	$	36,843	$	—	$	(27,972	)	$	35,852

1	Uncollectible accounts written off, net of recoveries.
Note: The schedule has been restated to reflect the retrospective adoption of a new accounting principle that required the consolidation of the Company’s variable interest entity as discussed in Note 2 to the consolidated financial statements.

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