Conns (CONNQ) 10-Q10 Dec 142015 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Oct. 31, 2014	Dec. 04, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'CONNS INC	'
Entity Central Index Key	'0001223389	'
Current Fiscal Year End Date	'--01-31	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	31-Oct-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	36,297,211
Entity Well-known Seasoned Issuer	'Yes	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'

CONSOLIDATED_BALANCE_SHEETS_un

CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Oct. 31, 2014	Jan. 31, 2014
Deferred Tax Assets, Net, Current	$40,562,000	$20,284,000
Income Taxes Receivable	12,846,000	2,187,000
Current assets	'	'
Cash and cash equivalents	5,760,000	5,727,000
Customer accounts receivable, net of allowance of $71,784 and $38,447, respectively	598,241,000	527,267,000
Other accounts receivable	75,245,000	51,480,000
Inventories	168,603,000	120,530,000
Prepaid expenses and other current assets	9,389,000	8,120,000
Total current assets	910,646,000	735,595,000
Long-term portion of customer accounts receivable, net of allowance of $60,884 and $33,354, respectively	507,399,000	457,413,000
Property and equipment, net	116,585,000	86,842,000
Deferred income taxes	11,070,000	7,721,000
Other assets	10,306,000	10,415,000
Total assets	1,556,006,000	1,297,986,000
Current Liabilities	'	'
Current portion of long-term debt (includes balance of VIE of $32,307 at January 31, 2013)	391,000	420,000
Accounts payable	92,100,000	82,861,000
Accrued compensation and related expenses	6,409,000	11,390,000
Accrued expenses	39,300,000	27,944,000
Income taxes payable	2,685,000	2,924,000
Deferred revenues and allowances	22,452,000	17,068,000
Total current liabilities	163,337,000	142,607,000
Long-term debt	696,310,000	535,631,000
Other long-term liabilities	59,681,000	30,458,000
Liabilities	919,328,000	708,696,000
Stockholders' equity	'	'
Preferred stock ($0.01 par value, 1,000,000 shares authorized; none issued or outstanding)	0	0
Common stock ($0.01 par value, 100,000,000 and 50,000,000 shares authorized, respectively; 36,284,140 and 36,127,569 shares issued, respectively)	363,000	361,000
Additional paid-in capital	229,862,000	225,631,000
Accumulated other comprehensive loss	0	-100,000
Retained earnings	406,453,000	363,398,000
Total stockholders' equity	636,678,000	589,290,000
Total liabilities and stockholders' equity	1,556,006,000	1,297,986,000
Senior Notes [Member]	'	'
Debt Instrument, Fair Value Disclosure	$215,000,000	'

CONSOLIDATED_BALANCE_SHEETS_un1

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Oct. 31, 2014	Jan. 31, 2014
In Thousands, except Share data, unless otherwise specified	Oct. 31, 2014	Jan. 31, 2014
Assets	'	'
Customer accounts receivable, allowance	$71,784	$38,447
Variable interest entity balance	'	0
Other accounts receivable, allowance	0	0
Prepaid expenses and other assets VIE balance	'	0
Long-term portion of customer accounts receivable, allowance	60,884	33,354
Long-term portion of customer accounts receivable VIE balance	'	0
Liabilities and Stockholders' Equity	'	'
Amount of VIE included in current portion of long-term debt	'	$0
Stockholders' equity	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	100,000,000	50,000,000
Common stock, shares issued (in shares)	36,284,140	36,127,569

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Revenues	'	'	'	'
Product sales	$278,139	$234,159	$796,525	$628,482
Repair service agreement commissions	23,056	19,601	64,042	52,756
Service revenues	3,414	3,286	9,952	8,968
Total net sales	304,609	257,046	870,519	690,206
Finance charges and other	65,449	53,830	187,951	142,422
Total revenues	370,058	310,876	1,058,470	832,628
Cost and expenses	'	'	'	'
Cost of goods sold, including warehousing and occupancy costs	178,976	151,987	508,475	411,484
Cost of service parts sold, including warehousing and occupancy costs	1,525	1,286	4,815	4,010
Selling, general and administrative expense	112,562	90,341	320,069	242,353
Provision for bad debts	72,019	22,730	133,862	58,049
Charges and credits	355	2,834	3,601	2,834
Charges and credits	355	2,834	3,601	2,834
Total cost and expenses	365,437	269,178	970,822	718,730
Operating income	4,621	41,698	87,648	113,898
Interest expense	8,950	3,714	19,921	10,720
Other income, net	0	0	0	-38
Income before income taxes	-4,329	37,984	67,727	103,216
Provision for income taxes	-1,265	13,608	24,672	37,502
Net income	($3,064)	$24,376	$43,055	$65,714
Earnings per share:	'	'	'	'
Basic (in dollars per share)	($0.08)	$0.68	$1.19	$1.84
Diluted (in dollars per share)	($0.08)	$0.66	$1.17	$1.79
Average common shares outstanding:	'	'	'	'
Basic (in shares)	36,265	35,955	36,203	35,686
Diluted (in shares)	36,265	36,965	36,928	36,795

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	($3,064)	$24,376	$43,055	$65,714
Change in fair value of hedges	39	103	155	193
Impact of provision for income taxes on comprehensive income	-14	-36	-55	-68
Comprehensive income	($3,039)	$24,443	$43,155	$65,839

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]
In Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]
Balance at Jan. 31, 2013	$474,450	$352	$204,372	($223)	$269,949
Balance (in shares) at Jan. 31, 2013	'	35,191	'	'	'
Exercise of stock options, net of tax	14,876	7	14,869	'	'
Exercise of stock options, net of tax (in shares)	'	707	'	'	'
Issuance of common stock under Employee Stock Purchase Plan	680	'	680	'	'
Issuance of common stock under Employee Stock Purchase Plan (in shares)	'	21	'	'	'
Vesting of restricted stock units	1	1	'	'	'
Vesting of restricted stock units (in shares)	'	56	'	'	'
Stock-based compensation	2,889	'	2,889	'	'
Net income	65,714	'	'	'	65,714
Change in fair value of hedges, net of tax	125	'	'	125	'
Balance at Oct. 31, 2013	558,735	360	222,810	-98	335,663
Balance (in shares) at Oct. 31, 2013	'	35,975	'	'	'
Balance at Jan. 31, 2014	589,290	361	225,631	-100	363,398
Balance (in shares) at Jan. 31, 2014	'	36,127	'	'	'
Exercise of stock options, net of tax	113	1	112	'	'
Exercise of stock options, net of tax (in shares)	'	71	'	'	'
Issuance of common stock under Employee Stock Purchase Plan	862	'	862	'	'
Issuance of common stock under Employee Stock Purchase Plan (in shares)	'	28	'	'	'
Vesting of restricted stock units	1	1	'	'	'
Vesting of restricted stock units (in shares)	'	58	'	'	'
Stock-based compensation	3,257	'	3,257	'	'
Net income	43,055	'	'	'	43,055
Change in fair value of hedges, net of tax	100	'	'	'	'
Balance at Oct. 31, 2014	$636,678	$363	$229,862	$0	$406,453
Balance (in shares) at Oct. 31, 2014	'	36,284	'	'	'

CONSOLIDATED_STATEMENTS_OF_STO1

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Other comprehensive income (loss):	'	'
Change in fair value of hedges, tax	$55	$68

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Statement of Cash Flows [Abstract]	'	'
Payments for (Proceeds from) Tenant Allowance	$14,621	$5,422
Cash flows from operating activities	'	'
Net income	43,055	65,714
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	13,294	9,048
Amortization	2,287	3,140
Provision for bad debts and uncollectible interest	153,709	66,399
Stock-based compensation	3,258	2,889
Excess tax benefits from stock-based compensation	-961	-4,743
Store and facility closure and relocation costs	3,105	2,834
Benefit for deferred income taxes	-23,681	-2,374
(Gain) loss on sale of property and equipment	-345	-37
Change in operating assets and liabilities:	'	'
Customer accounts receivable	-284,291	-248,644
Inventories	-48,073	-58,047
Other assets	-1,347	-501
Accounts payable	9,239	36,814
Accrued expenses	-2,242	9,756
Income taxes payable	-10,798	2,493
Deferred revenues and allowances	2,376	138
Net cash used in operating activities	-126,794	-109,699
Cash flows from investing activities	'	'
Purchase of property and equipment	-53,116	-37,122
Proceeds from sale of property and equipment	19,402	44
Net cash used in investing activities	-33,714	-37,078
Cash flows from financing activities	'	'
Borrowings under lines of credit	357,456	306,664
Payments on lines of credit	-441,950	-147,737
Proceeds from issuance of senior notes, net of issuance costs	243,400	0
Payments on asset-backed notes	0	-32,513
Change in restricted cash	0	4,717
Proceeds from stock issued under employee benefit plans	975	15,556
Other	660	-58
Net cash provided by financing activities	160,541	146,629
Net change in cash and cash equivalents	33	-148
Cash and cash equivalents	'	'
Beginning of period	5,727	3,849
End of period	$5,760	$3,701

Summary_of_Significant_Account

Summary of Significant Accounting Policies

9 Months Ended

Oct. 31, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation. The accompanying unaudited, condensed consolidated financial statements of Conn’s, Inc. and its wholly-owned subsidiaries (the “Company”) have been prepared by management in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The accompanying financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. All such adjustments are of a normal recurring nature, except as otherwise described herein. The Company’s business is moderately seasonal, with a higher portion of sales and operating profit realized during the quarter that ends January 31, due primarily to the holiday selling season. Operating results for the nine months ended October 31, 2014 are not necessarily indicative of the results that may be expected for the full fiscal year ending January 31, 2015. The Company’s balance sheet at January 31, 2014 has been derived from the audited financial statements at that date. The financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2014, filed with the United States Securities and Exchange Commission (the "SEC") on March 27, 2014.

Principles of Consolidation. The consolidated financial statements include the accounts of Conn’s, Inc. and its wholly-owned subsidiaries. Conn’s, Inc. is a holding company with no independent assets or operations other than its investments in its subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation.

In April 2012, the Company transferred certain customer receivables to a bankruptcy-remote, variable-interest entity (“VIE”) in connection with a securitization. The VIE, which was consolidated within the accompanying financial statements, issued debt secured by the customer receivables that were transferred to it, which were included in customer accounts receivable and long-term portion of customer accounts receivable. On April 15, 2013, the VIE redeemed the then outstanding asset-backed notes and the remaining customer receivables were transferred back to the Company.

Use of Estimates. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Earnings per Share. Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per share include the dilutive effects of any stock options and restricted stock units granted, to the extent not anti-dilutive, which is calculated using the treasury-stock method. The following table sets forth the shares outstanding for the earnings per share calculations:

Three Months Ended

Nine Months Ended

October 31,

(in thousands)

2014

2013

2014

2013

Weighted average common shares outstanding - Basic

36,265

35,955

36,203

35,686

Assumed exercise of stock options

—

790

587

892

Unvested restricted stock units

—

220

138

217

Weighted average common shares outstanding - Diluted

36,265

36,965

36,928

36,795

For the three months ended October 31, 2014, 744,000 stock options and restricted stock units were excluded from the calculation of diluted earnings per share due to their anti-dilutive effect on the loss for the period. For the nine months ended October 31, 2014, 92,000 shares of stock options and restricted stock units were outstanding but were not included in the calculation of diluted earnings per share due to their anti-dilutive effect. There were no anti-dilutive stock options or restricted stock units for the three and nine months ended October 31, 2013.

Fair Value of Financial Instruments. The Company determines the fair value of its assets and liabilities subject to fair value measurement by using the highest possible “Level” based on a hierarchy defined as follows:

•

Level 1 – Quoted prices available in active markets for identical assets or liabilities

•

Level 2 – Pricing inputs not quoted in active markets but either directly or indirectly observable

•

Level 3 – Significant inputs to pricing that have little or no transparency with inputs requiring significant management judgment or estimation.

The fair value of cash and cash equivalents and accounts payable approximate their carrying amounts because of the short maturity of these instruments. The fair value of customer accounts receivables, determined using a Level 3 discounted cash flow analysis, approximates their carrying amount. The fair value of the Company’s asset based, revolving credit facility, using Level 2 inputs, approximates carrying value. At October 31, 2014, the fair value of the Company's 7.25% senior notes which was determined using Level 1 inputs was $215.0 million as compared to the carrying value of $250.0 million, excluding the impact of the related discount.

Stockholders' Equity. On May 29, 2014, following approval by its stockholders on May 28, 2014, the Company amended its Certificate of Incorporation to increase the number of authorized shares of common stock, par value of $0.01 per share, from 50,000,000 shares of common stock to 100,000,000 shares of common stock.

Stockholders' Rights Plan. On October 6, 2014, the Company adopted a one-year stockholders' rights plan whereby the Board of Directors of the Company ("Board of Directors") declared a dividend of one right for each outstanding share of the Company's common stock to stockholders of record on October 16, 2014. Each right entitles the registered holder to purchase from the Company one one-thousandth of a share of the Company's Series A Junior Participating Preferred Stock at a price of $155.00 per right. The rights are not presently exercisable and remain attached to the shares of common stock until the occurrence of certain triggering events. Subject to certain exceptions, the rights will separate from the shares of common stock and a distribution date will be deemed to occur on the earlier of (i) the tenth business day after a public announcement or filing that a person or group has become a beneficial owner of 10% or more of the Company's outstanding common stock after the adoption of the stockholders’ rights plan, or (ii) the tenth business day (or such later date as the Board of Directors may determine) after the commencement of, or announcement of an intention to commence, a tender or exchange offer that, if consummated, would result in a person or group becoming a beneficial owner of 10% or more of the Company's outstanding common stock. The rights will expire on October 5, 2015, unless exercised, redeemed or exchanged prior to that time. The Board of Directors may terminate the rights plan before the expiration date or extend the expiration date. The rights have no voting or dividend privileges, and, unless and until they become exercisable, have no dilutive effect on the earnings of the Company.

Recent Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2014-09, which provides a single comprehensive accounting standard for revenue recognition for contracts with customers and supersedes current guidance. Upon adoption of ASU 2014-09, entities are required to recognize revenue using the following comprehensive model: (1) identify contracts with customers, (2) identify the performance obligations in contracts, (3) determine transaction price, (4) allocate the transaction price to the performance obligations, and (5) recognize revenue as each performance obligation is satisfied. ASU 2014-09 is effective for the Company beginning in the first quarter of fiscal 2018 and will result in retrospective application, either in the form of recasting all prior periods presented or a cumulative adjustment to equity in the period of adoption. The Company is currently assessing the impact the new standard will have on its financial statements.

Charges_and_Credits

Charges and Credits	9 Months Ended
Charges and Credits	Oct. 31, 2014
Charges and Credits [Abstract]	'
Charges and Credits	'
	Charges and Credits

	During the three months ended October 31, 2014, the Company recorded a net pretax credit of $0.1 million ($0.1 million after-tax) due to the revision of estimated lease termination and other costs and credits related to store closures and relocations and a pretax charge of $0.5 million ($0.3 million after-tax) for legal and professional fees related to the Company's exploration of strategic alternatives and a class action lawsuit. During the three months ended October 31, 2013, the Company recorded a pretax charge of $2.8 million ($1.8 million after-tax) related to store closures and relocations as well as revised estimates of future obligations related to previously closed stores. These charges are reported within the retail segment.

	During the nine months ended October 31, 2014, the Company recorded a net pretax charge of $3.1 million ($2.0 million after-tax) due to the revision of estimated lease termination and other costs related to store closures and relocations and a pretax charge of $0.5 million ($0.3 million after-tax) for legal and professional fees related to the Company's exploration of strategic alternatives and a class action lawsuit. During the nine months ended October 31, 2013, the Company recorded a pretax charge of $2.8 million ($1.8 million after-tax) related to store closures and relocations as well as revised estimates of future obligations related to previously closed stores. These charges are reported within the retail segment.

Supplemental_Disclosure_of_Cus

Supplemental Disclosure of Customer Receivables	9 Months Ended
	Oct. 31, 2014
Receivables [Abstract]	'
Supplemental Disclosure of Customer Receivables	'
	Supplemental Disclosure of Customer Receivables

	Customer accounts receivable are originated at the time of sale and delivery of the various products and services. The Company records the amount of principal and accrued interest on customer receivables that is expected to be collected within the next twelve months, based on contractual terms, in current assets on its consolidated balance sheet. Those amounts expected to be collected after twelve months, based on contractual terms, are included in long-term assets. Customer receivables are considered delinquent if a payment has not been received on the scheduled due date. Accounts that are delinquent more than 209 days as of the end of a month are charged-off against the allowance for doubtful accounts and interest accrued subsequent to the last payment is reversed and charged against the allowance for uncollectible interest.

	As part of its efforts in mitigating losses on its accounts receivable, the Company may make loan modifications to a borrower experiencing financial difficulty. The loan modifications are intended to maximize net cash flow after expenses and avoid the need to repossess collateral or exercise legal remedies available to the Company. The Company may extend the loan term, refinance or otherwise re-age an account. In accordance with accounting standards, accounts that have been re-aged in excess of three months or refinanced are considered Troubled Debt Restructurings (“TDR” or "Restructured Accounts").

	The Company uses risk-rating criteria to differentiate underwriting requirements, potentially requiring differing down payments, credit limits and initial application and documentation criteria. The following tables present quantitative information about the receivables portfolio managed by the Company:


		Total Outstanding Balance
		Customer Accounts Receivable						60 Days Past Due(1)						Re-aged(1)
	(in thousands)	October 31,			January 31,			October 31,			January 31,			October 31,			January 31,
		2014			2014			2014			2014			2014			2014
	Customer accounts receivable	$	1,180,095		$	1,022,914		$	105,248		$	82,486		$	90,788		$	75,414

	Restructured accounts	73,428			45,356			20,430			11,917			73,428			45,356

	Total receivables managed	1,253,523			1,068,270			$	125,678		$	94,403		$	164,216		$	120,770

	Allowance for uncollectible accounts related to the credit portfolio	(132,668		)	(71,801		)
	Allowance for no-interest option credit programs	(15,215		)	(11,789		)
	Total customer accounts receivable, net	1,105,640			984,680

	Short-term portion of customer accounts receivable, net	(598,241		)	(527,267		)
	Long-term portion of customer accounts receivable, net	$	507,399		$	457,413



	-1	Amounts are based on end of period balances. As an account can become past due after having been re-aged, accounts may be presented in both the past due and re-aged columns shown above. The amounts included within both the past due and re-aged columns shown above as of October 31, 2014 and January 31, 2014 were $42.8 million and $27.4 million, respectively. The total amount of customer receivables past due one day or greater was $314.0 million and $249.3 million as of October 31, 2014 and January 31, 2014, respectively. These amounts include the 60 days past due totals shown above.


								Net Credit												Net Credit
		Average Balances						Charge-offs(1)						Average Balances						Charge-offs(1)
		Three Months Ended						Three Months Ended						Nine Months Ended						Nine Months Ended
		October 31,						October 31,						October 31,						October 31,
	(in thousands)	2014			2013			2014			2013			2014			2013			2014		2013
	Customer accounts receivable	$	1,153,226		$	853,394		$	23,602		$	12,358		$	1,090,078		$	779,859		$	66,162	$	31,982

	Restructured accounts	67,709			41,693			3,462			4,564			57,715			40,446			10,650		10,671

	Total receivables managed	$	1,220,935		$	895,087		$	27,064		$	16,922		$	1,147,793		$	820,305		$	76,812	$	42,653



	-1	Net credit charge-offs include the principal amount of losses (excluding accrued and unpaid interest) net of recoveries which include principal collections during the period shown of previously charged-off balances.

	The following presents the activity in the Company’s balance in the allowance for doubtful accounts and uncollectible interest for customer receivables:


		Nine Months Ended October 31, 2014									Nine Months Ended October 31, 2013
	(in thousands)	Customer									Customer
		Accounts			Restructured						Accounts			Restructured
		Receivable			Accounts			Total			Receivable			Accounts			Total
	Allowance at beginning of period	$	54,448		$	17,353		$	71,801		$	27,702		$	16,209		$	43,911

	Provision(1)	131,806			21,903			153,709			53,468			12,931			66,399

	Principal charge-offs(2)	(77,058		)	(12,404		)	(89,462		)	(35,805		)	(11,947		)	(47,752		)
	Interest charge-offs	(13,807		)	(2,223		)	(16,030		)	(6,045		)	(2,017		)	(8,062		)
	Recoveries(2)	10,896			1,754			12,650			3,823			1,276			5,099

	Allowance at end of period	$	106,285		$	26,383		$	132,668		$	43,143		$	16,452		$	59,595



-1	Includes provision for uncollectible interest, which is included in finance charges and other revenues.

-2	Charge-offs include the principal amount of losses (excluding accrued and unpaid interest), and recoveries include principal collections during the period shown of previously charged-off balances. Net charge-offs are calculated as the net of principal charge-offs and recoveries.
The Company records an allowance for doubtful accounts, including estimated uncollectible interest, for its customer accounts receivable, based on its historical cash collections and net loss experience using a projection of monthly delinquency performance, cash collections and losses. In addition to pre-charge-off cash collections and charge-off information, estimates of post-charge-off recoveries, including cash payments, amounts realized from the repossession of the products financed and, at times, payments received under credit insurance policies are considered.

The Company determines reserves for those accounts that are TDR based on the present value of cash flows expected to be collected over the life of those accounts. The excess of the carrying amount over the discounted cash flow amount is recorded as a reserve for loss on those accounts.

The Company typically only places accounts in non-accrual status when legally required. Payments received on non-accrual loans are applied to principal and reduce the amount of the loan. Interest accrual is resumed on those accounts once a legally-mandated settlement arrangement is reached or other payment arrangements are made with the customer. Customer receivables in non-accrual status were $13.1 million and $12.2 million at October 31, 2014 and January 31, 2014, respectively. Customer receivables that were past due 90 days or more and still accruing interest totaled $91.0 million and $63.3 million at October 31, 2014 and January 31, 2014, respectively.

Supplemental_Disclosure_of_Fin

Supplemental Disclosure of Finance Charges and Other Revenue	9 Months Ended
	Oct. 31, 2014
Supplemental Disclosure of Finance Charges and Other Revenue [Abstract]	'
Supplemental Disclosure of Finance Charges and Other Revenue	'
	Supplemental Disclosure of Finance Charges and Other Revenues

	The following is a summary of the classification of the amounts included as finance charges and other revenue:


		Three Months Ended				Nine Months Ended
		October 31,				October 31,
	(in thousands)	2014		2013		2014		2013
	Interest income and fees on customer receivables	$	52,142	$	40,260	$	150,858	$	109,667

	Insurance commissions	12,777		13,132		35,753		31,688

	Other revenues	530		438		1,340		1,067

	Finance charges and other revenues	$	65,449	$	53,830	$	187,951	$	142,422


	Interest income and fees on customer receivables is reduced by provisions for uncollectible interest of $7.8 million and $4.2 million for the three months ended October 31, 2014 and 2013, respectively, and $19.8 million and $9.4 million for the nine months ended October 31, 2014 and 2013, respectively. The amount included in interest income and fees on customer receivables related to TDR accounts was $1.8 million and $1.1 million for the three months ended October 31, 2014 and 2013, respectively, and $4.9 million and $3.2 million for the nine months ended October 31, 2014 and 2013, respectively. The Company recognizes interest income on TDR accounts using the interest income method, which requires reporting interest income equal to the increase in the net carrying amount of the loan attributable to the passage of time. Cash proceeds and other adjustments are applied to the net carrying amount of TDR accounts such that it always equals the present value of expected future cash flows.

Accrual_for_Store_Closures

Accrual for Store Closures	9 Months Ended
	Oct. 31, 2014
Restructuring and Related Activities [Abstract]	'
Accrual for Store Closures	'
	Accrual for Store Closures

	The Company has closed or relocated retail locations that did not perform at a level the Company expects for mature store locations. Certain of the closed or relocated stores had noncancelable lease agreements, resulting in the accrual of the present value of the remaining lease payments and estimated related occupancy obligations, net of estimated sublease income. Adjustments to these projections for changes in estimated marketing times and sublease rates, as well as other revisions, are made to the obligation as further information related to the actual terms and costs become available. The following table presents detail of the activity in the accrual for store closures:


		Nine Months Ended
		October 31,
	(in thousands)	2014			2013
	Balance at beginning of period	$	4,316		$	5,071

	Accrual for additional closures	2,595			137

	Adjustments	(216		)	2,036

	Cash payments, net of sublease income	(3,880		)	(1,509		)
	Balance at end of period	$	2,815		$	5,735


	The accrual for store closures is presented on the condensed consolidated balance sheet as follows:


	(in thousands)	October 31,			January 31,
		2014			2014
	Balance sheet presentation:
	Accrued expenses	$	954		$	1,957

	Other long-term liabilities	1,861			2,359

		$	2,815		$	4,316

Debt_and_Letters_of_Credit

Debt and Letters of Credit	9 Months Ended
	Oct. 31, 2014
Debt Disclosure [Abstract]	'
Debt and Letters of Credit	'
	Debt and Letters of Credit

	The Company’s long-term debt consisted of the following:


	(in thousands)	October 31,			January 31,
		2014			2014
	Asset-based revolving credit facility	$	450,463		$	534,956

	7.25% Senior notes, net of discount of $4,792	245,208			—

	Other long-term debt	1,030			1,095

	Total debt	696,701			536,051

	Less current portion of debt	(391		)	(420		)
	Long-term debt	$	696,310		$	535,631


	Senior Notes. On July 1, 2014, the Company issued $250.0 million in senior unsecured notes due July 2022 (the “Senior Notes”), bearing interest at 7.25%, pursuant to an indenture dated July 1, 2014 (the "Indenture"), among Conn’s, Inc., its subsidiary guarantors (the "Guarantors") and U.S. Bank National Association, as trustee. The Senior Notes were sold at par, and resulted in net proceeds to the Company of $243.4 million, after deducting the initial purchasers’ discounts and commissions and other offering expenses. The net proceeds were used to repay outstanding borrowings under the Company’s asset-based revolving credit facility. The effective interest rate of the Senior Notes after giving effect to offering fees is 7.6%.

	The Indenture restricts the Company's ability and the ability of certain of its subsidiaries to: (i) incur indebtedness; (ii) pay dividends or make other distributions in respect of, or repurchase or redeem, our capital stock; (iii) prepay, redeem or repurchase debt that is junior in right of payment to the notes; (iv) make loans and certain investments; (v) sell assets; (vi) incur liens; (vii) enter into transactions with affiliates; and (viii) consolidate, merge or sell all or substantially all of our assets. These covenants are subject to a number of important exceptions and qualifications. During any time when the Senior Notes are rated investment grade by either of Moody's Investors Service, Inc. or Standard & Poor's Ratings Services and no Default (as defined in the Indenture) has occurred and is continuing, many of such covenants will be suspended and the Company and its subsidiaries will cease to be subject to such covenants during such period.

	Events of default under the Indenture include customary events, such as a cross-acceleration provision in the event that we default in the payment of other debt due at maturity or upon acceleration for default in an amount exceeding $25.0 million, as well as in the event a judgment is entered against us in excess of $25.0 million that is not discharged, bonded or insured.

	The Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Guarantors. The only direct or indirect subsidiaries of Conn’s, Inc. that are not Guarantors are minor subsidiaries. There are no restrictions on the ability of any of the Guarantors to transfer funds to Conn’s, Inc. in the form of loans, advances or dividends, except as provided by applicable law.

	In connection with the issuance and sale of the Senior Notes, the Company and the Guarantors entered into a registration rights agreement (the “Registration Rights Agreement”) with the initial purchasers, dated July 1, 2014. Pursuant to the Registration Rights Agreement, the Company and the Guarantors have agreed to file a registration statement with the SEC so that holders of the Senior Notes can exchange the Senior Notes for registered notes that have substantially identical terms as the Senior Notes. In addition, the Company and the Guarantors have agreed to exchange the guarantee related to the Senior Notes for a registered guarantee having substantially the same terms as the original guarantee. The Company and the Guarantors will use commercially reasonable efforts to cause the exchange to be completed within 365 days of the issuance of the Senior Notes. The Company and the Guarantors are required to pay additional interest if they fail to comply with their obligations to register the Senior Notes within the specified time periods.

	Revolving Credit Facility. Conn's, Inc. and certain of its subsidiaries (the "Borrowers") amended its asset-based revolving credit facility in connection with the issuance of the Senior Notes, to provide for among other things, the issuance of the Senior Notes and Indenture as well as related guarantees, upstream distributions from subsidiaries to Conn’s, Inc. (a holding company) for the payment of interest and principal on the Senior Notes and under certain circumstances optional and mandatory prepayment of the Senior Notes and allow holders of the Senior Notes to receive payments even though they may be stockholders of the Company.

	The Company’s asset-based revolving credit facility with a syndicate of banks had capacity of $880.0 million as of October 31, 2014. The revolving credit facility provides funding based on a borrowing base calculation that includes customer accounts receivable and inventory. The amended and restated credit facility bears interest at LIBOR plus a spread ranging from 250 basis points to 325 basis points, based on a leverage ratio (defined as total liabilities to tangible net worth). In addition to the leverage ratio, the revolving credit facility includes a fixed charge coverage requirement, a minimum customer receivables cash recovery percentage requirement and a net capital expenditures limit. The obligations under the asset-based revolving credit facility are secured by all assets of the Borrowers. The asset-based revolving credit facility restricts the amount of dividends the Company can pay.

	As of October 31, 2014, the Company had immediately available borrowing capacity of $335.3 million under its asset-based revolving credit facility, net of standby letters of credit issued, for general corporate purposes. The Company also had $93.1 million that may become available under its asset-based revolving credit facility if it grows the balance of eligible customer receivables and its total eligible inventory balances. The Company pays additional fees in the amount of 0.25% for the additional commitment amount.

	The Company’s asset-based revolving credit facility provides it the ability to utilize letters of credit to secure its deductibles under the Company’s property and casualty insurance programs, among other acceptable uses. At October 31, 2014, the Company had outstanding letters of credit of $1.1 million under this facility, which is the maximum potential amount of future payments.

	The Company was in compliance with its financial covenants at October 31, 2014.

Contingencies

Contingencies	9 Months Ended
Contingencies	Oct. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies	'
	Contingencies

	Securities Class Action Litigation. Between March 5, 2014 and May 5, 2014, the Company and three of its current and former executive officers were sued in three purported securities class action lawsuits, each filed in the United States District Court for the Southern District of Texas. Each of the complaints allege that the defendants made false and misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects. The complaints allege violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaints do not specify the amount of damages sought.

	On June 3, 2014, the court consolidated these three complaints into a single, putative class action, In re Conn’s, Inc. Securities Litigation, Master File No. 14:14-CV-00548, and appointed lead plaintiffs. On July 21, 2014, the lead plaintiffs’ filed an amended and consolidated complaint (the “Amended Complaint”). On September 4, 2014, the defendants filed a Motion to Dismiss the Amended Complaint.

	On October 1, 2014, the lead plaintiffs filed a Motion for Leave to File a Second Consolidated Amended Complaint, seeking, among other things, to extend the class period. On October 15, 2014, the court granted plaintiffs’ motion and on October 29, 2014, the plaintiffs’ filed a Second Consolidated Amended Complaint (the “Second Amended Complaint”) with the court. The Second Amended Complaint seeks to certify a class of all persons and entities that purchased or otherwise acquired Conn’s common stock and/or call options, or sold/wrote Conn’s put options between April 3, 2013 and August 29, 2914. The defendants intend to file an amended motion to dismiss and vigorously defend against these claims. It is not possible at this time to predict the timing or outcome of the litigation.

	Derivative Litigation. On December 1, 2014, an alleged shareholder filed, purportedly on behalf of the Company, a derivative shareholder lawsuit against the Company and certain of its current and former directors and executive officers in the United States District Court for the Southern District of Texas captioned Robert Hack, derivatively on behalf of Conn’s, Inc., v. Theodore M. Wright, Bob L. Martin, Jon E.M. Jacoby, Kelly M. Malson, Douglas H. Martin, David Schofman, Scott L. Thompson, Brian E. Taylor and Michael J. Poppe and Conn’s, Inc., Case No. 4:14-cv-03442. The complaint asserts claims for breach of fiduciary duty, unjust enrichment, gross mismanagement, and insider trading based on substantially similar factual allegations as those asserted in the consolidated securities class action lawsuit described above. The plaintiff seeks unspecified damages against these persons and does not request any damages from us. The plaintiff did not make a demand on our Board of Directors prior to filing the suit. The defendants intend to vigorously defend against these claims.

	Regulatory Matters. The Company received a voluntary request for information dated November 25, 2014 from the Fort Worth Regional Office of the SEC. The information request generally relates to the Company’s underwriting policies and bad debt provisions. The request states that it is part of an informal, non-public, inquiry, which, as noted by the SEC, should not be construed as an indication by the SEC or its staff that any violations of law have occurred. The Company intends to cooperate with the SEC’s inquiry.

	In addition, the Company is involved in other routine litigation and claims incidental to its business from time to time which, individually or in the aggregate are not expected to have a material adverse effect on the Company's financial position, results of operations or cash flows. As required, the Company accrues estimates of the probable costs for the resolution of these matters. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. However, the results of these proceedings cannot be predicted with certainty, and changes in facts and circumstances could impact the Company’s estimate of reserves for litigation.

Segment_Reporting

Segment Reporting	9 Months Ended
	Oct. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	Segment Reporting

	Financial information by segment is presented in the following tables:


		Three Months Ended October 31, 2014											Three Months Ended October 31, 2013

	(in thousands)	Retail			Credit				Total				Retail			Credit			Total

	Revenues:
	Product sales	$	278,139		$	—			$	278,139			$	234,159		$	—		$	234,159

	Repair service agreement commissions	23,056			—				23,056				19,601			—			19,601

	Service revenues	3,414			—				3,414				3,286			—			3,286

	Total net sales	304,609			—				304,609				257,046			—			257,046

	Finance charges and other revenues	531			64,918				65,449				438			53,392			53,830

	Total revenues	305,140			64,918				370,058				257,484			53,392			310,876

	Costs and expenses:

	Cost of goods sold, including warehousing and occupancy costs	178,976			—				178,976				151,987			—			151,987

	Cost of service parts sold, including warehousing and occupancy cost	1,525			—				1,525				1,286			—			1,286

	Selling, general and administrative expenses(1)	86,436			26,126				112,562				69,920			20,421			90,341

	Provision for bad debts	54			71,965				72,019				203			22,527			22,730

	Charges and credits	355			—				355				2,834			—			2,834

	Total costs and expense	267,346			98,091				365,437				226,230			42,948			269,178

	Operating income	37,794			(33,173		)		4,621				31,254			10,444			41,698

	Interest expense	—			8,950				8,950				—			3,714			3,714

	Income (loss) before income taxes	$	37,794		$	(42,123	)		$	(4,329	)		$	31,254		$	6,730		$	37,984




		Nine Months Ended October 31, 2014											Nine Months Ended October 31, 2013
	(in thousands)	Retail			Credit				Total				Retail			Credit			Total
	Revenues:
	Product sales	$	796,525		$	—			$	796,525			$	628,482		$	—		$	628,482

	Repair service agreement commissions	64,042			—				64,042				52,756			—			52,756

	Service revenues	9,952			—				9,952				8,968			—			8,968

	Total net sales	870,519			—				870,519				690,206			—			690,206

	Finance charges and other revenues	1,340			186,611				187,951				1,067			141,355			142,422

	Total revenues	871,859			186,611				1,058,470				691,273			141,355			832,628

	Costs and expenses:

	Cost of goods sold, including warehousing and occupancy costs	508,475			—				508,475				411,484			—			411,484

Cost of service parts sold, including warehousing and occupancy cost	4,815			—				4,815				4,010			—			4,010

Selling, general and administrative expenses(1)	245,102			74,967				320,069				188,340			54,013			242,353

Provision for bad debts	98			133,764				133,862				389			57,660			58,049

Charges and credits	3,601			—				3,601				2,834			—			2,834

Total costs and expense	762,091			208,731				970,822				607,057			111,673			718,730

Operating income	109,768			(22,120		)		87,648				84,216			29,682			113,898

Interest expense	—			19,921				19,921				—			10,720			10,720

Other income, net	—			—				—				(38		)	—			(38		)

Income (loss) before income taxes	$	109,768		$	(42,041	)		$	67,727			$	84,254		$	18,962		$	103,216




	October 31, 2014											31-Jan-14
(in thousands)	Retail			Credit				Total				Retail			Credit			Total
Total assets(2)	$	420,489		$	1,135,517			$	1,556,006			$	283,637		$	1,014,349		$	1,297,986



-1	Selling, general and administrative ("SG&A") expenses include the direct expenses of the retail and credit operations, allocated overhead expenses and a charge to the credit segment to reimburse the retail segment for expenses it incurs related to occupancy, personnel, advertising and other direct costs of the retail segment which benefit the credit operations by sourcing credit customers and collecting payments. The reimbursement received by the retail segment from the credit segment is estimated using an annual rate of 2.5% times the average portfolio balance for each applicable period. The amount of overhead allocated to each segment was $2.8 million and $2.9 million for the three months ended October 31, 2014 and 2013, respectively, and $8.7 million and $8.0 million for the nine months ended October 31, 2014 and 2013, respectively. The amount of reimbursement made to the retail segment by the credit segment was $7.7 million and $5.6 million for the three months ended October 31, 2014 and 2013, respectively, and $21.5 million and $15.3 million for the nine months ended October 31, 2014 and 2013, respectively.

-2	Retail segment total assets as of October 31, 2014 included $3.3 million of land, buildings and improvements related to a store that was under construction and subject to a sale and lease-back transaction. In November 2014, construction of this store was completed and the store opened for business and the related assets were retired from the Company’s balance sheet.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Oct. 31, 2014

Accounting Policies [Abstract]

New Accounting Pronouncements, Policy [Policy Text Block]

Stockholders' Equity, Policy [Policy Text Block]

Basis of Presentation and Significant Accounting Policies [Text Block]

Principles of Consolidation

Use of Estimates

Earnings per Share

Three Months Ended

Nine Months Ended

October 31,

(in thousands)

2014

2013

2014

2013

Weighted average common shares outstanding - Basic

36,265

35,955

36,203

35,686

Assumed exercise of stock options

—

790

587

892

Unvested restricted stock units

—

220

138

217

Weighted average common shares outstanding - Diluted

36,265

36,965

36,928

36,795

Fair Value of Financial Instruments

•

Level 1 – Quoted prices available in active markets for identical assets or liabilities

•

Level 2 – Pricing inputs not quoted in active markets but either directly or indirectly observable

•

Level 3 – Significant inputs to pricing that have little or no transparency with inputs requiring significant management judgment or estimation.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Oct. 31, 2014
Accounting Policies [Abstract]	'
Shares outstanding for the earnings per share calculations	'
	Earnings per Share. Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per share include the dilutive effects of any stock options and restricted stock units granted, to the extent not anti-dilutive, which is calculated using the treasury-stock method. The following table sets forth the shares outstanding for the earnings per share calculations:


		Three Months Ended		Nine Months Ended
		October 31,		October 31,
	(in thousands)	2014	2013	2014	2013
	Weighted average common shares outstanding - Basic	36,265	35,955	36,203	35,686

	Assumed exercise of stock options	—	790	587	892

	Unvested restricted stock units	—	220	138	217

	Weighted average common shares outstanding - Diluted	36,265	36,965	36,928	36,795

Supplemental_Disclosure_of_Cus1

Supplemental Disclosure of Customer Receivables (Tables)	9 Months Ended
	Oct. 31, 2014
Receivables [Abstract]	'
Quantitative information about receivables portfolio	'
	The Company uses risk-rating criteria to differentiate underwriting requirements, potentially requiring differing down payments, credit limits and initial application and documentation criteria. The following tables present quantitative information about the receivables portfolio managed by the Company:


		Total Outstanding Balance
		Customer Accounts Receivable						60 Days Past Due(1)						Re-aged(1)
	(in thousands)	October 31,			January 31,			October 31,			January 31,			October 31,			January 31,
		2014			2014			2014			2014			2014			2014
	Customer accounts receivable	$	1,180,095		$	1,022,914		$	105,248		$	82,486		$	90,788		$	75,414

	Restructured accounts	73,428			45,356			20,430			11,917			73,428			45,356

	Total receivables managed	1,253,523			1,068,270			$	125,678		$	94,403		$	164,216		$	120,770

	Allowance for uncollectible accounts related to the credit portfolio	(132,668		)	(71,801		)
	Allowance for no-interest option credit programs	(15,215		)	(11,789		)
	Total customer accounts receivable, net	1,105,640			984,680

	Short-term portion of customer accounts receivable, net	(598,241		)	(527,267		)
	Long-term portion of customer accounts receivable, net	$	507,399		$	457,413



	-1	Amounts are based on end of period balances. As an account can become past due after having been re-aged, accounts may be presented in both the past due and re-aged columns shown above. The amounts included within both the past due and re-aged columns shown above as of October 31, 2014 and January 31, 2014 were $42.8 million and $27.4 million, respectively. The total amount of customer receivables past due one day or greater was $314.0 million and $249.3 million as of October 31, 2014 and January 31, 2014, respectively. These amounts include the 60 days past due totals shown above.


								Net Credit												Net Credit
		Average Balances						Charge-offs(1)						Average Balances						Charge-offs(1)
		Three Months Ended						Three Months Ended						Nine Months Ended						Nine Months Ended
		October 31,						October 31,						October 31,						October 31,
	(in thousands)	2014			2013			2014			2013			2014			2013			2014		2013
	Customer accounts receivable	$	1,153,226		$	853,394		$	23,602		$	12,358		$	1,090,078		$	779,859		$	66,162	$	31,982

	Restructured accounts	67,709			41,693			3,462			4,564			57,715			40,446			10,650		10,671

	Total receivables managed	$	1,220,935		$	895,087		$	27,064		$	16,922		$	1,147,793		$	820,305		$	76,812	$	42,653



	-1	Net credit charge-offs include the principal amount of losses (excluding accrued and unpaid interest) net of recoveries which include principal collections during the period shown of previously charged-off balances.
Allowance for doubtful accounts and uncollectible interest for customer receivables	'
	ollowing presents the activity in the Company’s balance in the allowance for doubtful accounts and uncollectible interest for customer receivables:


		Nine Months Ended October 31, 2014									Nine Months Ended October 31, 2013
	(in thousands)	Customer									Customer
		Accounts			Restructured						Accounts			Restructured
		Receivable			Accounts			Total			Receivable			Accounts			Total
	Allowance at beginning of period	$	54,448		$	17,353		$	71,801		$	27,702		$	16,209		$	43,911

	Provision(1)	131,806			21,903			153,709			53,468			12,931			66,399

	Principal charge-offs(2)	(77,058		)	(12,404		)	(89,462		)	(35,805		)	(11,947		)	(47,752		)
	Interest charge-offs	(13,807		)	(2,223		)	(16,030		)	(6,045		)	(2,017		)	(8,062		)
	Recoveries(2)	10,896			1,754			12,650			3,823			1,276			5,099

	Allowance at end of period	$	106,285		$	26,383		$	132,668		$	43,143		$	16,452		$	59,595



	-1	Includes provision for uncollectible interest, which is included in finance charges and other revenues.

	-2	Charge-offs include the principal amount of losses (excluding accrued and unpaid interest), and recoveries include principal collections during the period shown of previously charged-off balances. Net charge-offs are calculated as the net of principal charge-offs and recoveries.

Supplemental_Disclosure_of_Fin1

Supplemental Disclosure of Finance Charges and Other Revenue (Tables)	9 Months Ended
	Oct. 31, 2014
Supplemental Disclosure of Finance Charges and Other Revenue [Abstract]	'
Summary of the classification of the amounts as Finance charges and other	'
	The following is a summary of the classification of the amounts included as finance charges and other revenue:


		Three Months Ended				Nine Months Ended
		October 31,				October 31,
	(in thousands)	2014		2013		2014		2013
	Interest income and fees on customer receivables	$	52,142	$	40,260	$	150,858	$	109,667

	Insurance commissions	12,777		13,132		35,753		31,688

	Other revenues	530		438		1,340		1,067

	Finance charges and other revenues	$	65,449	$	53,830	$	187,951	$	142,422

Accrual_for_Store_Closures_Tab

Accrual for Store Closures (Tables)	9 Months Ended
	Oct. 31, 2014
Restructuring and Related Activities [Abstract]	'
Activity in accrual for store closures	'
	:


		Nine Months Ended
		October 31,
	(in thousands)	2014			2013
	Balance at beginning of period	$	4,316		$	5,071

	Accrual for additional closures	2,595			137

	Adjustments	(216		)	2,036

	Cash payments, net of sublease income	(3,880		)	(1,509		)
	Balance at end of period	$	2,815		$	5,735


	The accrual for store closures is presented on the condensed consolidated balance sheet as follows:


	(in thousands)	October 31,			January 31,
		2014			2014
	Balance sheet presentation:
	Accrued expenses	$	954		$	1,957

	Other long-term liabilities	1,861			2,359

		$	2,815		$	4,316

Debt_and_Letters_of_Credit_Tab

Debt and Letters of Credit (Tables)	9 Months Ended
	Oct. 31, 2014
Debt Disclosure [Abstract]	'
Long term debt	'
	The Company’s long-term debt consisted of the following:


	(in thousands)	October 31,			January 31,
		2014			2014
	Asset-based revolving credit facility	$	450,463		$	534,956

	7.25% Senior notes, net of discount of $4,792	245,208			—

	Other long-term debt	1,030			1,095

	Total debt	696,701			536,051

	Less current portion of debt	(391		)	(420		)
	Long-term debt	$	696,310		$	535,631

Segment_Reporting_Tables

Segment Reporting (Tables)	9 Months Ended
	Oct. 31, 2014
Segment Reporting [Abstract]	'
Financial information by segment	'
	Financial information by segment is presented in the following tables:


		Three Months Ended October 31, 2014											Three Months Ended October 31, 2013

	(in thousands)	Retail			Credit				Total				Retail			Credit			Total

	Revenues:
	Product sales	$	278,139		$	—			$	278,139			$	234,159		$	—		$	234,159

	Repair service agreement commissions	23,056			—				23,056				19,601			—			19,601

	Service revenues	3,414			—				3,414				3,286			—			3,286

	Total net sales	304,609			—				304,609				257,046			—			257,046

	Finance charges and other revenues	531			64,918				65,449				438			53,392			53,830

	Total revenues	305,140			64,918				370,058				257,484			53,392			310,876

	Costs and expenses:

	Cost of goods sold, including warehousing and occupancy costs	178,976			—				178,976				151,987			—			151,987

	Cost of service parts sold, including warehousing and occupancy cost	1,525			—				1,525				1,286			—			1,286

	Selling, general and administrative expenses(1)	86,436			26,126				112,562				69,920			20,421			90,341

	Provision for bad debts	54			71,965				72,019				203			22,527			22,730

	Charges and credits	355			—				355				2,834			—			2,834

	Total costs and expense	267,346			98,091				365,437				226,230			42,948			269,178

	Operating income	37,794			(33,173		)		4,621				31,254			10,444			41,698

	Interest expense	—			8,950				8,950				—			3,714			3,714

	Income (loss) before income taxes	$	37,794		$	(42,123	)		$	(4,329	)		$	31,254		$	6,730		$	37,984




		Nine Months Ended October 31, 2014											Nine Months Ended October 31, 2013
	(in thousands)	Retail			Credit				Total				Retail			Credit			Total
	Revenues:
	Product sales	$	796,525		$	—			$	796,525			$	628,482		$	—		$	628,482

	Repair service agreement commissions	64,042			—				64,042				52,756			—			52,756

	Service revenues	9,952			—				9,952				8,968			—			8,968

	Total net sales	870,519			—				870,519				690,206			—			690,206

	Finance charges and other revenues	1,340			186,611				187,951				1,067			141,355			142,422

	Total revenues	871,859			186,611				1,058,470				691,273			141,355			832,628

	Costs and expenses:

	Cost of goods sold, including warehousing and occupancy costs	508,475			—				508,475				411,484			—			411,484

	Cost of service parts sold, including warehousing and occupancy cost	4,815			—				4,815				4,010			—			4,010

Selling, general and administrative expenses(1)	245,102			74,967				320,069				188,340			54,013			242,353

Provision for bad debts	98			133,764				133,862				389			57,660			58,049

Charges and credits	3,601			—				3,601				2,834			—			2,834

Total costs and expense	762,091			208,731				970,822				607,057			111,673			718,730

Operating income	109,768			(22,120		)		87,648				84,216			29,682			113,898

Interest expense	—			19,921				19,921				—			10,720			10,720

Other income, net	—			—				—				(38		)	—			(38		)

Income (loss) before income taxes	$	109,768		$	(42,041	)		$	67,727			$	84,254		$	18,962		$	103,216




	October 31, 2014											31-Jan-14
(in thousands)	Retail			Credit				Total				Retail			Credit			Total
Total assets(2)	$	420,489		$	1,135,517			$	1,556,006			$	283,637		$	1,014,349		$	1,297,986



-1	Selling, general and administrative ("SG&A") expenses include the direct expenses of the retail and credit operations, allocated overhead expenses and a charge to the credit segment to reimburse the retail segment for expenses it incurs related to occupancy, personnel, advertising and other direct costs of the retail segment which benefit the credit operations by sourcing credit customers and collecting payments. The reimbursement received by the retail segment from the credit segment is estimated using an annual rate of 2.5% times the average portfolio balance for each applicable period. The amount of overhead allocated to each segment was $2.8 million and $2.9 million for the three months ended October 31, 2014 and 2013, respectively, and $8.7 million and $8.0 million for the nine months ended October 31, 2014 and 2013, respectively. The amount of reimbursement made to the retail segment by the credit segment was $7.7 million and $5.6 million for the three months ended October 31, 2014 and 2013, respectively, and $21.5 million and $15.3 million for the nine months ended October 31, 2014 and 2013, respectively.

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

In Thousands, except Share data, unless otherwise specified

Oct. 31, 2014

Oct. 31, 2013

Oct. 31, 2014

Oct. 31, 2013

29-May-14

28-May-14

Jan. 31, 2014

Oct. 31, 2014

Oct. 31, 2013

Oct. 31, 2014

Oct. 31, 2013

Oct. 31, 2014

Oct. 31, 2013

Oct. 31, 2014

Oct. 31, 2013

Oct. 06, 2014

Oct. 31, 2014

Jul. 01, 2014

Stock Options [Member]

Restricted Stock Units [Member]

Stockholders' Rights Plan [Member]

Senior Notes [Member]

Series A Junior Participating Preferred Stock [Member]

Schedule of Earnings Per Share [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

7.25%

Long-term Debt, Gross

$250,000

Shares outstanding for earnings (loss) per share calculations [Abstract]

Weighted average common shares outstanding - Basic (in shares)

36,265,000

35,955,000

36,203,000

35,686,000

Common shares attributable to stock options and restricted stock units (in shares)

790,000

587,000

892,000

220,000

138,000

217,000

Weighted average common shares outstanding - Diluted (in shares)

36,265,000

36,965,000

36,928,000

36,795,000

Weighted average number of options not included in the calculation of the dilutive effect of stock options and restricted stock units (in shares)

744,000

92,000

Common stock, par value (in dollars per share)

$0.01

Common stock, shares authorized (in shares)

100,000,000

50,000,000

Stockholders' Rights Plan

Stockholders' Rights Plan Period

'1 year

Class of Warrant or Right, Eligible Purchase Ratio

0.001

Class of Warrant or Right, Exercise Price of Warrants or Rights

155

Class of Warrant or Right, Triggering Events, Beneficial Owner Percentage

10.00%

Charges_and_Credits_Details

Charges and Credits (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Charges and Credits [Abstract]	'	'	'	'
Store closing and relocation costs	($0.10)	$2.80	$3.10	$2.80
Store closing and relocation costs after tax	-0.1	1.8	2	1.8
legal and professional fees related to strategic alternatives and class action lawsuit	0.5	'	0.5	'
legal and professional fees related to strategic alternatives and class action lawsuit, net of tax	$0	'	$0	'

Supplemental_Disclosure_of_Cus2

Supplemental Disclosure of Customer Receivables (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013	Jan. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'	'
Maximum number of days before delinquent accounts are charged off	'	'	'209 days	'	'
Total Outstanding Balance	'	'	'	'	'
Customer Accounts Receivable	$1,253,523,000	'	$1,253,523,000	'	$1,068,270,000
60 Days Past Due	125,678,000	'	125,678,000	'	94,403,000
Reaged	164,216,000	'	164,216,000	'	120,770,000
Allowance for uncollectible accounts related to the credit portfolio	-132,668,000	-59,595,000	-132,668,000	-59,595,000	'
Allowances for promotional credit programs	-15,215,000	'	-15,215,000	'	-11,789,000
Accounts Receivable, Net	1,105,640,000	'	1,105,640,000	'	984,680,000
Short-term portion of customer accounts receivable, net	-598,241,000	'	-598,241,000	'	-527,267,000
Long-term customer accounts receivable, net	507,399,000	'	507,399,000	'	457,413,000
Average Balances	1,220,935,000	895,087,000	1,147,793,000	820,305,000	'
Net Credit Charge off	27,064,000	16,922,000	76,812,000	42,653,000	'
Amounts included within past due and reaged accounts	42,800,000	'	42,800,000	'	27,400,000
Total amount of customer receivables past due one day or greater	314,000,000	'	314,000,000	'	249,300,000
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]	'	'	'	'	'
Allowance at beginning of period	'	'	-71,801,000	-43,911,000	'
Provision	'	'	153,709,000	66,399,000	'
Principal charge-offs	'	'	89,462,000	47,752,000	'
Interest charge-offs	'	'	16,030,000	8,062,000	'
Recoveries	'	'	12,650,000	5,099,000	'
Allowance at end of period	-132,668,000	-59,595,000	-132,668,000	-59,595,000	'
Amount of customer receivables carried in non-accrual status	13,100,000	'	13,100,000	'	12,200,000
Number of days past due	'	'	'90 days	'	'
Amount of customer receivables past due 90 days or more and still accruing	91,000,000	'	91,000,000	'	63,300,000
Customer Accounts Receivable [Member]	'	'	'	'	'
Total Outstanding Balance	'	'	'	'	'
Customer Accounts Receivable	1,180,095,000	'	1,180,095,000	'	1,022,914,000
60 Days Past Due	105,248,000	'	105,248,000	'	82,486,000
Reaged	90,788,000	'	90,788,000	'	75,414,000
Allowance for uncollectible accounts related to the credit portfolio	-106,285,000	-43,143,000	-106,285,000	-43,143,000	'
Average Balances	1,153,226,000	853,394,000	1,090,078,000	779,859,000	'
Net Credit Charge off	23,602,000	12,358,000	66,162,000	31,982,000	'
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]	'	'	'	'	'
Allowance at beginning of period	'	'	-54,448,000	-27,702,000	'
Provision	'	'	131,806,000	53,468,000	'
Principal charge-offs	'	'	77,058,000	35,805,000	'
Interest charge-offs	'	'	13,807,000	6,045,000	'
Recoveries	'	'	10,896,000	3,823,000	'
Allowance at end of period	-106,285,000	-43,143,000	-106,285,000	-43,143,000	'
Restructured Accounts [Member]	'	'	'	'	'
Total Outstanding Balance	'	'	'	'	'
Customer Accounts Receivable	73,428,000	'	73,428,000	'	45,356,000
60 Days Past Due	20,430,000	'	20,430,000	'	11,917,000
Reaged	73,428,000	'	73,428,000	'	45,356,000
Allowance for uncollectible accounts related to the credit portfolio	-26,383,000	-16,452,000	-26,383,000	-16,452,000	'
Average Balances	67,709,000	41,693,000	57,715,000	40,446,000	'
Net Credit Charge off	3,462,000	4,564,000	10,650,000	10,671,000	'
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]	'	'	'	'	'
Allowance at beginning of period	'	'	-17,353,000	-16,209,000	'
Provision	'	'	21,903,000	12,931,000	'
Principal charge-offs	'	'	12,404,000	11,947,000	'
Interest charge-offs	'	'	2,223,000	2,017,000	'
Recoveries	'	'	1,754,000	1,276,000	'
Allowance at end of period	($26,383,000)	($16,452,000)	($26,383,000)	($16,452,000)	'

Supplemental_Disclosure_of_Fin2

Supplemental Disclosure of Finance Charges and Other Revenue (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Summary of the classification of the amounts as Finance charges and other [Abstract]	'	'	'	'
Interest income and fees on customer receivables	$52,142,000	$40,260,000	$150,858,000	$109,667,000
Insurance commissions	12,777,000	13,132,000	35,753,000	31,688,000
Other	530,000	438,000	1,340,000	1,067,000
Finance charges and other	65,449,000	53,830,000	187,951,000	142,422,000
Provisions for uncollectible interest	7,800,000	4,200,000	19,800,000	9,400,000
Interest income and fees on customer receivables related to TDR accounts	$1,800,000	$1,100,000	$4,900,000	$3,200,000

Accrual_for_Store_Closures_Det

Accrual for Store Closures (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013	Jan. 31, 2014
Charges and credits	$355	$2,834	$3,601	$2,834	'
Detail of activity in the accrual for store closures [Abstract]	'	'	'	'	'
Balance at beginning of period	'	'	4,316	5,071	'
Accrual for closures	'	'	2,595	137	'
Change in estimate	'	'	-216	2,036	'
Cash payments	'	'	-3,880	-1,509	'
Balance at end of period	2,815	5,735	2,815	5,735	'
Balance sheet presentation [Abstract]	'	'	'	'	'
Accrued expenses	954	'	954	'	1,957
Other long-term liabilities	1,861	'	1,861	'	2,359
Restructuring Reserve, Total	$2,815	$5,735	$2,815	$5,735	'

Debt_and_Letters_of_Credit_Det

Debt and Letters of Credit (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

Oct. 31, 2014

Oct. 31, 2013

Oct. 31, 2014

Oct. 31, 2013

Jan. 31, 2014

Oct. 31, 2014

Nov. 25, 2013

Oct. 31, 2014

Jan. 31, 2014

Jul. 01, 2014

Oct. 31, 2014

Jul. 01, 2014

Jan. 31, 2014

Oct. 31, 2014

Jan. 31, 2014

Minimum [Member]

Maximum [Member]

Asset-based Revolving Credit Facility [Member]

Senior Notes [Member]

Other Long Term Debt [Member]

Long-term debt [Abstract]

Long-term Debt

$696,701,000

$536,051,000

$450,463,000

$534,956,000

$245,208,000

$1,030,000

$1,095,000

Less current portion of debt

-391,000

-420,000

Long-term debt

696,310,000

535,631,000

Debt discount

4,948,000

Maximum capacity extended under credit facility

880,000,000

Debt instrument, description of variable rate basis

'LIBOR

Variable interest spread at LIBOR under credit facility

0.25%

2.50%

3.25%

Amount of notes issued

250,000,000

Interest rate on notes (in hundredths)

7.25%

Proceeds from issuance of senior notes, net of issuance costs

243,400,000

Effective interest rate

7.60%

Events of default, acceleration for default, minimum amount

25,000,000

Events of default, judgment, minimum amount that is not discharged, bonded, or insured

25,000,000

Registration rights agreements, exchange of senior notes, period after issuance

'365 days

Amount available under asset based revolving credit facility

335,300,000

Amount available under asset based revolving credit facility based on balances

93,100,000

Asset-Based Revolving Credit Facility, Unused Capacity, Commitment Fee Percentage

0.25%

Interest expense

8,950,000

3,714,000

19,921,000

10,720,000

Outstanding letters of credit

$1,100,000

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended		9 Months Ended
Segment Reporting (Details) (USD $)	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013	Jan. 31, 2014
Revenues [Abstract]	'	'	'	'	'
Product sales	$278,139,000	$234,159,000	$796,525,000	$628,482,000	'
Repair service agreement commissions	23,056,000	19,601,000	64,042,000	52,756,000	'
Service revenues	3,414,000	3,286,000	9,952,000	8,968,000	'
Total net sales	304,609,000	257,046,000	870,519,000	690,206,000	'
Finance charges and other	65,449,000	53,830,000	187,951,000	142,422,000	'
Revenues	370,058,000	310,876,000	1,058,470,000	832,628,000	'
Cost and expenses	'	'	'	'	'
Cost of goods sold, including warehousing and occupancy costs	178,976,000	151,987,000	508,475,000	411,484,000	'
Cost of service parts sold, including warehousing and occupancy costs	1,525,000	1,286,000	4,815,000	4,010,000	'
Selling, general and administrative expense	112,562,000	90,341,000	320,069,000	242,353,000	'
Provision for bad debts	72,019,000	22,730,000	133,862,000	58,049,000	'
Charges and credits	355,000	2,834,000	3,601,000	2,834,000	'
Total cost and expenses	365,437,000	269,178,000	970,822,000	718,730,000	'
Operating income	4,621,000	41,698,000	87,648,000	113,898,000	'
Interest expense	8,950,000	3,714,000	19,921,000	10,720,000	'
Other income, net	0	0	0	-38,000	'
Income before income taxes	-4,329,000	37,984,000	67,727,000	103,216,000	'
Assets	1,556,006,000	'	1,556,006,000	'	1,297,986,000
Estimated annual rate of reimbursement (in hundredths)	'	'	2.50%	'	'
Allocation of overhead by operating segments	2,800,000	2,900,000	8,700,000	8,000,000	'
Amount of reimbursement made by operating segments	7,700,000	5,600,000	21,500,000	15,300,000	'
Retail [Member]	'	'	'	'	'
Revenues [Abstract]	'	'	'	'	'
Product sales	278,139,000	234,159,000	796,525,000	628,482,000	'
Repair service agreement commissions	23,056,000	19,601,000	64,042,000	52,756,000	'
Service revenues	3,414,000	3,286,000	9,952,000	8,968,000	'
Total net sales	304,609,000	257,046,000	870,519,000	690,206,000	'
Finance charges and other	531,000	438,000	1,340,000	1,067,000	'
Revenues	305,140,000	257,484,000	871,859,000	691,273,000	'
Cost and expenses	'	'	'	'	'
Cost of goods sold, including warehousing and occupancy costs	178,976,000	151,987,000	508,475,000	411,484,000	'
Cost of service parts sold, including warehousing and occupancy costs	1,525,000	1,286,000	4,815,000	4,010,000	'
Selling, general and administrative expense	86,436,000	69,920,000	245,102,000	188,340,000	'
Provision for bad debts	54,000	203,000	98,000	389,000	'
Charges and credits	355,000	2,834,000	3,601,000	2,834,000	'
Total cost and expenses	267,346,000	226,230,000	762,091,000	607,057,000	'
Operating income	37,794,000	31,254,000	109,768,000	84,216,000	'
Other income, net	'	'	'	-38,000	'
Income before income taxes	37,794,000	31,254,000	109,768,000	84,254,000	'
Assets	420,489,000	'	420,489,000	'	283,637,000
Land, buildings, and improvements related to stores under construction	3,000,000	'	3,000,000	'	'
Credit [Member]	'	'	'	'	'
Revenues [Abstract]	'	'	'	'	'
Finance charges and other	64,918,000	53,392,000	186,611,000	141,355,000	'
Revenues	64,918,000	53,392,000	186,611,000	141,355,000	'
Cost and expenses	'	'	'	'	'
Selling, general and administrative expense	26,126,000	20,421,000	74,967,000	54,013,000	'
Provision for bad debts	71,965,000	22,527,000	133,764,000	57,660,000	'
Total cost and expenses	98,091,000	42,948,000	208,731,000	111,673,000	'
Operating income	-33,173,000	10,444,000	-22,120,000	29,682,000	'
Interest expense	8,950,000	3,714,000	19,921,000	10,720,000	'
Income before income taxes	-42,123,000	6,730,000	-42,041,000	18,962,000	'
Assets	$1,135,517,000	'	$1,135,517,000	'	$1,014,349,000