EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
Year Ended January 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Income before minority interest | ||||||||||||||||||||
and income taxes | $ | 13,903 | $ | 41,525 | $ | 61,195 | $ | 62,586 | $ | 63,444 | ||||||||||
Fixed charges | 17,120 | 14,110 | 10,761 | 9,714 | 8,805 | |||||||||||||||
Capitalized interest | (89 | ) | (164 | ) | (252 | ) | (299 | ) | - | |||||||||||
Total earnings | $ | 30,934 | $ | 55,471 | $ | 71,704 | $ | 72,001 | $ | 72,249 | ||||||||||
Interest expense | ||||||||||||||||||||
(including capitalized interest) | $ | 4,097 | $ | 1,437 | $ | 499 | $ | 375 | $ | 379 | ||||||||||
Amortized premiums and expenses | 956 | 662 | 53 | 53 | 63 | |||||||||||||||
Estimated interest within rent expense | 12,067 | 12,011 | 10,209 | 9,286 | 8,363 | |||||||||||||||
Total fixed charges | $ | 17,120 | $ | 14,110 | $ | 10,761 | $ | 9,714 | $ | 8,805 | ||||||||||
Ratio of earnings to fixed charges | 1.81 | 3.93 | 6.66 | 7.41 | 8.21 |
Schedule II-Valuation and Qualifying Accounts | ||||||||||||||||||||
Conn's, Inc. | ||||||||||||||||||||
Col A | Col B | Col C | Col D | Col E | ||||||||||||||||
Additions | ||||||||||||||||||||
Description | Balance at Beginning of Period | Charged to Costs and Expenses | Charged to Other Accounts- Describe | Deductions- Describe1 | Balance at End of Period | |||||||||||||||
Year ended January 31, 2008 | ||||||||||||||||||||
Reserves and allowances from asset accounts: | ||||||||||||||||||||
Allowance for doubtful accounts | $ | 821 | 1,908 | - | (1,769 | ) | $ | 960 | ||||||||||||
Year ended January 31, 2009 | ||||||||||||||||||||
Reserves and allowances from asset accounts: | ||||||||||||||||||||
Allowance for doubtful accounts | $ | 960 | 4,273 | - | (1,260 | ) | $ | 3,973 | ||||||||||||
Year ended January 31, 2010 | ||||||||||||||||||||
Reserves and allowances from asset accounts: | ||||||||||||||||||||
Allowance for doubtful accounts | $ | 3,973 | 9,086 | - | (3,439 | ) | $ | 9,620 | ||||||||||||
1 Uncollectible accounts written off, net of recoveries |