Conns (CONNQ) 10-K 2011 FY Annual report

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
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
Year ended January 31, 2011
Reserves and allowances from asset accounts:
Allowance for doubtful accounts	$	35,852	$	33,054	$	—	$	(34,596	)	$	34,310

1. Uncollectible accounts written off, net of recoveries.