Conns (CONNQ) 10-Q 4 Sep 18 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2018	Aug. 28, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	CONNS INC
Entity Central Index Key	1,223,389
Current Fiscal Year End Date	--01-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		31,685,279

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018
Current assets:
Cash and cash equivalents	$ 4,435	$ 9,286
Restricted cash (includes VIE balance of $75,174 and $85,322, respectively)	51,657	86,872
Customer accounts receivable, net of allowances (includes VIE balance of $391,853 and $459,708, respectively)	622,009	636,825
Other accounts receivable	87,797	71,186
Inventories	195,728	211,894
Income taxes receivable	704	32,362
Prepaid expenses and other current assets	13,831	31,592
Total current assets	976,161	1,080,017
Long-term portion of customer accounts receivable, net of allowances (includes VIE balance of $329,039 and $455,002, respectively)	647,494	650,608
Property and equipment, net	142,631	143,152
Deferred income taxes	23,086	21,565
Other assets	7,129	5,457
Total assets	1,796,501	1,900,799
Current liabilities:
Current maturities of long-term debt and capital lease obligations (includes VIE balance of $22,085 and $0, respectively)	1,149	907
Accounts payable	85,001	71,617
Accrued compensation and related expenses	17,365	21,366
Accrued expenses	72,556	44,807
Income taxes payable	3,149	2,939
Deferred revenues and other credits	22,763	22,475
Total current liabilities	201,983	164,111
Deferred rent	85,255	87,003
Long-term debt and capital lease obligations (includes VIE balance of $556,972 and $787,979, respectively)	916,081	1,090,105
Other long-term liabilities	23,535	24,512
Total liabilities	1,226,854	1,365,731
Commitments and contingencies
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 shares authorized; 31,586,827 and 31,435,775 shares issued, respectively)	317	314
Additional paid-in capital	104,964	101,087
Retained earnings	464,366	433,667
Total stockholders' equity	569,647	535,068
Total liabilities and stockholders' equity	$ 1,796,501	$ 1,900,799

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018
Restricted cash, VIE balance	$ 51,657	$ 86,872
Customer accounts receivable, VIE balance	622,009	636,825
Long-term portion of customer accounts receivable, VIE balance	647,494	650,608
Current maturities of long-term debt and capital lease obligations, VIE balance	1,149	907
Long-term debt	431,475
Long-term debt and capital lease obligations	$ 916,081	$ 1,090,105
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	100,000,000
Common stock, shares issued (in shares)	31,694,414	31,435,775
Variable Interest Entity [Member]
Restricted cash, VIE balance	$ 50,107	$ 85,322
Customer accounts receivable, VIE balance	270,627	459,708
Long-term portion of customer accounts receivable, VIE balance	220,014	455,002
Current maturities of long-term debt and capital lease obligations, VIE balance	0	0
Long-term debt	$ 429,363	787,979
Long-term debt and capital lease obligations		$ 787,979

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Revenues:
Product sales	$ 267,179	$ 259,593	$ 516,493	$ 510,955
Repair service agreement commissions	25,662	23,519	48,525	48,215
Service revenues	3,472	3,301	7,051	6,528
Total net sales	296,313	286,413	572,069	565,698
Finance charges and other revenues	88,307	80,234	170,938	156,775
Total revenues	384,620	366,647	743,007	722,473
Costs and expenses:
Cost of goods sold	173,627	172,306	340,216	344,256
Selling, general and administrative expense	120,690	111,632	235,568	218,169
Provision for bad debts	50,751	49,449	94,907	105,379
Charges and credits	300	4,068	300	5,295
Total costs and expenses	345,368	337,455	670,991	673,099
Operating income	39,252	29,192	72,016	49,374
Interest expense	15,566	20,039	32,386	44,047
Loss on extinguishment of debt	1,367	2,097	1,773	2,446
Income (loss) before income taxes	22,319	7,056	37,857	2,881
Provision (benefit) for income taxes	5,308	2,783	8,114	1,188
Net income (loss)	$ 17,011	$ 4,273	$ 29,743	$ 1,693
Income (loss) per share:
Basic (in dollars per share)	$ 0.54	$ 0.14	$ 0.94	$ 0.05
Diluted (in dollars per share)	$ 0.53	$ 0.14	$ 0.92	$ 0.05
Weighted average common shares outstanding:
Basic (in shares)	31,652,017	31,093,746	31,597,225	31,033,880
Diluted (in shares)	32,242,463	31,434,501	32,210,759	31,292,305

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ 29,743	$ 1,693
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation	15,434	15,356
Amortization of debt issuance costs	6,382	11,024
Provision for bad debts and uncollectible interest	118,765	125,491
Stock-based compensation expense	5,562	4,188
Charges, net of credits, for store and facility closures and relocations	0	388
Deferred income tax (benefit) expense	(1,776)	(992)
Gain on sale/disposal of property and equipment	(402)	(371)
Tenant improvement allowances received from landlords	4,362	1,997
Change in operating assets and liabilities:
Customer accounts receivable	(100,331)	(53,563)
Other accounts receivables	(14,679)	8,537
Inventories	16,167	(31,912)
Other assets	17,761	127
Accounts payable	11,091	(3,060)
Accrued expenses	22,910	13,792
Income taxes	31,868	(383)
Deferred rent, revenues and other credits	(7,205)	(1,771)
Net cash provided by operating activities	155,652	90,541
Cash flows from investing activities:
Purchase of property and equipment	(12,166)	(6,135)
Net cash used in investing activities	(12,166)	(6,135)
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes	0	469,814
Payments on asset-backed notes	(481,883)	(583,299)
Borrowings from revolving credit facility	839,236	844,941
Payments on revolving credit facility	(655,036)	(822,441)
Borrowings from warehouse facility	173,286	0
Payments on warehouse facility	(52,226)	0
Payments of debt issuance costs and amendment fees	(3,539)	(7,595)
Proceeds from stock issued under employee benefit plans	834	1,905
Tax payments associated with equity-based compensation transactions	(2,516)	(298)
Payments from extinguishment of debt	(1,177)	0
Other	(531)	(243)
Net cash (used in) provided by financing activities	(183,552)	(97,216)
Net change in cash, cash equivalents and restricted cash	(40,066)	(12,810)
Cash, cash equivalents and restricted cash, beginning of period	96,158	134,264
Cash, cash equivalents and restricted cash, end of period	56,092	121,454
Non-cash investing and financing activities:
Capital lease asset additions and related obligations	508	3,196
Property and equipment purchases not yet paid	4,363	2,796
Supplemental cash flow data:
Cash interest paid	25,505	33,817
Cash income taxes refunded, net	$ (21,969)	$ 2,563

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Business . Conn's, Inc., a Delaware corporation, is a holding company with no independent assets or operations other than its investments in its subsidiaries. References to “we,” “our,” “us,” “the Company,” “Conn’s” or “CONN” refer to Conn’s, Inc. and, as apparent from the context, its consolidated bankruptcy-remote variable interest entities (“VIEs”) and its wholly owned subsidiaries. Conn's is a leading specialty retailer that offers a broad selection of quality, branded durable consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers. We operate an integrated and scalable business through our retail stores and website. Our complementary product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from leading global brands across a wide range of price points. Our credit offering provides financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. We operate two reportable segments: retail and credit. Our retail stores bear the “Conn's HomePlus” name with all of our stores providing the same products and services to a common customer group. Our stores follow the same procedures and methods in managing their operations. Our retail business and credit business are operated independently from each other. The credit segment is dedicated to providing short- and medium-term financing to our retail customers. The retail segment is not involved in credit approval decisions. Our management evaluates performance and allocates resources based on the operating results of the retail and credit segments. Basis of Presentation. The accompanying unaudited, Condensed Consolidated Financial Statements of Conn's, Inc. and its wholly-owned subsidiaries, including the VIEs, have been prepared by management in accordance with generally accepted accounting principles in the United States of America ( “ GAAP”) and prevailing industry practice for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, we do not include all of the information and footnotes required by GAAP 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. The condensed consolidated financial position, results of operations and cash flows for these interim periods are not necessarily indicative of the results that may be expected in future periods. The balance sheet at January 31, 2018 has been derived from the audited financial statements at that date. The financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2018 (the “2018 Form 10-K”), filed with the United States Securities and Exchange Commission (the “SEC”) on April 5, 2018. Fiscal Year. Our fiscal year ends on January 31. References to a fiscal year refer to the calendar year in which the fiscal year ends. Principles of Consolidation . The consolidated financial statements include the accounts of Conn's, Inc. and its wholly-owned subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation. Variable Interest Entities. VIEs are consolidated if the Company is the primary beneficiary. The primary beneficiary of a VIE is the party that has (i) the power to direct the activities that most significantly impact the performance of the VIE and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. We securitize customer accounts receivables by transferring the receivables to various bankruptcy-remote VIEs. We retain the servicing of the securitized portfolio and have a variable interest in each corresponding VIE by holding the residual equity. We have determined that we are the primary beneficiary of each respective VIE because (i) our servicing responsibilities for the securitized portfolio give us the power to direct the activities that most significantly impact the performance of the VIE and (ii) our variable interest in the VIE gives us the obligation to absorb losses and the right to receive residual returns that potentially could be significant. As a result, we consolidate the respective VIEs within our consolidated financial statements. Refer to Note 5, Debt and Capital Lease Obligations , and Note 7, Variable Interest Entities , for additional information. Use of Estimates . The preparation of financial statements in accordance with GAAP requires management to make informed judgments and estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ, even significantly, from these estimates. Management evaluates its estimates and related assumptions regularly, including those related to the allowance for doubtful accounts and allowances for no-interest option credit programs, which are particularly sensitive given the size of our customer portfolio balance. Cash and Cash Equivalents . As of July 31, 2018 , cash and cash equivalents included cash and credit card deposits in transit. As of January 31, 2018 , cash and cash equivalents included cash, credit card deposits in transit, and highly liquid debt instruments purchased with a maturity of three months or less. Cash and cash equivalents included credit card deposits in transit of $2.2 million and $2.0 million as of July 31, 2018 and January 31, 2018 , respectively. Restricted Cash. The restricted cash balance as of July 31, 2018 and January 31, 2018 includes $38.3 million and $58.1 million , respectively, of cash we collected as servicer on the securitized receivables that was subsequently remitted to the VIEs and $11.8 million and $27.2 million , respectively, of cash held by the VIEs as additional collateral for the asset-backed notes. Customer Accounts Receivable. Customer accounts receivable reported in the Condensed Consolidated Balance Sheet includes total receivables managed, including both those transferred to the VIEs and those not transferred to the VIEs. Customer accounts receivable are recognized at the time the customer takes possession of the product. Based on contractual terms, we record the amount of principal and accrued interest on customer receivables that is expected to be collected within the next twelve months in current assets with the remaining balance in long-term assets on the Condensed Consolidated Balance Sheet. Customer accounts receivable includes the net of unamortized deferred fees charged to customers and origination costs. 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 along with interest accrued subsequent to the last payment. In an effort to mitigate losses on our accounts receivable, we may make loan modifications to a borrower experiencing financial difficulty. In our role as servicer, we may also make modifications to loans held by the VIEs. 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 us. We may extend or “re-age” a portion of our customer accounts, which involves modifying the payment terms to defer a portion of the cash payments due. Our re-aging of customer accounts does not change the interest rate or the total principal amount due from the customer and typically does not reduce the monthly contractual payments. To a much lesser extent, we may provide the customer the ability to re-age their obligation by refinancing the account, which does not change the interest rate or the total principal amount due from the customer but does reduce the monthly contractual payments and extend the term. We consider accounts that have been re-aged in excess of three months or refinanced as Troubled Debt Restructurings (“TDR” or “Restructured Accounts”). Interest Income on Customer Accounts Receivable . Interest income, which includes interest income and amortization of deferred fees and origination costs, is recorded using the interest method and is reflected in finance charges and other revenues. Typically, interest income is recorded until the customer account is paid off or charged-off, and we provide an allowance for estimated uncollectible interest. Any contractual interest income received from customers in excess of the interest income calculated using the interest method is recorded as deferred revenue on our balance sheets. At July 31, 2018 and January 31, 2018 , there was $12.0 million and $12.5 million , respectively, of deferred interest included in deferred revenues and other credits and other long-term liabilities. The deferred interest will ultimately be brought into income as the accounts pay off or charge-off. We offer a 12 month no -interest option program. If the customer is delinquent in making a scheduled monthly payment or does not repay the principal in full by the end of the no-interest option program period (grace periods are provided), the account does not qualify for the no-interest provision and none of the interest earned is waived. Interest income is recognized based on estimated accrued interest earned to date on all no -interest option finance programs with an offsetting reserve for those customers expected to satisfy the requirements of the program based on our historical experience. We recognize 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 such that it equals the present value of expected future cash flows. We typically only place accounts in non-accrual status when legally required. Payments received on non-accrual loans will be applied to principal and reduce the balance of the loan. At July 31, 2018 , customer receivables carried in non-accrual status were $17.4 million , of which $11.6 million were in bankruptcy status and less than 60 days past due. At January 31, 2018 , customer receivables carried in non-accrual status were $16.9 million , of which $14.5 million were in bankruptcy status and less than 60 days past due. At July 31, 2018 and January 31, 2018 , customer receivables that were past due 90 days or more and still accruing interest totaled $96.7 million and $109.7 million , respectively. Allowance for Doubtful Accounts. The determination of the amount of the allowance for bad debts is, by nature, highly complex and subjective. Future events that are inherently uncertain could result in material changes to the level of the allowance for bad debts. General economic conditions, changes to state or federal regulations and a variety of other factors that affect the ability of borrowers to service their debts or our ability to collect will impact the future performance of the portfolio. We establish an allowance for doubtful accounts, including estimated uncollectible interest, to cover probable and estimable losses on our customer accounts receivable resulting from the failure of customers to make contractual payments. Our customer portfolio balance consists of a large number of relatively small, homogeneous accounts. None of our accounts are large enough to warrant individual evaluation for impairment. We record an allowance for doubtful accounts on our non-TDR customer accounts receivable that we expect to charge-off over the next 12 months based on historical gross charge-off rates over the last 24 months. We incorporate an adjustment to historical gross charge-off rates for a scaled factor of the year-over-year change in six month average first payment default rates and the year-over-year change in the balance of customer accounts receivable that are 60 days or more past due. In addition to adjusted historical gross charge-off rates, estimates of post-charge-off recoveries, including cash payments from customers, amounts realized from the repossession of the products financed, sales tax recoveries from taxing jurisdictions, and payments received under credit insurance policies are also considered. Qualitative adjustments are made to the allowance for bad debts when, based on management’s judgment, there are internal or external factors impacting probable incurred losses not taken into account by the quantitative calculations. These qualitative considerations are based on the following factors: changes in lending policies and procedures, changes in economic and business conditions, changes in the nature and volume of the portfolio, changes in lending management, changes in credit quality statistics, changes in concentrations of credit, and other internal or external factor changes. We utilize an economic qualitative adjustment based on changes in unemployment rates if current unemployment rates in our markets are worse than they were on average over the last 24 months. We also qualitatively limit the impact of changes in first payment default rates and changes in delinquency when those changes result in a decrease to the allowance for bad debts based on a measure of the dispersion of historical charge-off rates. At July 31, 2018, we utilized a qualitative factor related to changes in the nature of the portfolio. We determine allowances for those accounts that are TDR based on the discounted present value of cash flows expected to be collected over the life of those accounts based primarily on the performance of TDR loans over the last 24 months. The cash flows are discounted based on the weighted-average effective interest rate of the TDR accounts. The excess of the carrying amount over the discounted cash flow amount is recorded as an allowance for loss on those accounts. Debt Issuance Costs. Costs that are direct and incremental to debt issuance are deferred and amortized to interest expense using the effective interest method over the expected life of the debt. All other costs related to debt issuance are expensed as incurred. We present debt issuance costs associated with long-term debt as a reduction of the carrying amount of the debt. Unamortized costs related to the Revolving Credit Facility, as defined in Note 5, Debt and Capital Lease Obligations , are included in other assets on our Condensed Consolidated Balance Sheet and were $7.0 million and $5.2 million as of July 31, 2018 and January 31, 2018 , respectively. Income Taxes. For the six months ended July 31, 2018 and 2017, we utilized the estimated annual effective tax rate based on our estimated fiscal year 2019 and 2018 pre-tax income, respectively, in determining income tax expense. Provision for income taxes for interim periods is based on an estimated annual income tax rate, adjusted for discrete tax items. As a result, our interim effective tax rates may vary significantly from the statutory tax rate and the annual effective tax rate. On December 22, 2017, H.R. 1, originally known as the Tax Cuts and Jobs Act (the “Tax Act”), was signed into law. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowered the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. For the three months ended January 31, 2018, we calculated our best estimate of the impact of the Tax Act in our fiscal year 2018 provision for income taxes in accordance with our understanding of the Tax Act and available guidance as of that date. We continue to analyze additional information and guidance related to the Tax Act as supplemental legislation, regulatory guidance and evolving technical interpretations become available. We will continue to refine such amounts within the measurement period as provided by Staff Accounting Bulletin No. 118 and expect to complete our analysis no later than the fourth quarter of fiscal year 2019. For the six months ended July 31, 2018 and 2017, the effective tax rate was 21.4% and 41.2% , respectively. The primary factors affecting our effective tax rate for the six months ended July 31, 2018 were a decrease in the Federal Tax Rate as a result of the Tax Act, an increase in pre-tax earnings, and excess tax benefits related to the vesting of equity compensation. Stock-based Compensation. Stock-based compensation expense is recorded, net of estimated forfeitures, for share-based compensation awards over the requisite service period using the straight-line method. An adjustment is made to compensation cost for any difference between the estimated forfeitures and the actual forfeitures related to the awards. For equity-classified share-based compensation awards, expense is recognized based on the grant-date fair value. For stock option grants, we use the Black-Scholes model to determine fair value. For grants of restricted stock units, the fair value of the grant is the market value of our stock at the date of issuance. The following table sets forth the restricted stock unit awards (“RSUs”), performance stock awards (“PSUs”) and stock options granted during the three and six months ended July 31, 2018 and 2017 : Three Months Ended Six Months Ended 2018 2017 2018 2017 RSUs (1) 69,478 318,806 149,889 643,293 PSUs (2) — 72,012 — 501,012 Stock Options (3) — — 620,166 — Total stock awards granted 69,478 390,818 770,055 1,144,305 Aggregate grant date fair value (in thousands) $ 1,673 $ 6,785 $ 17,184 $ 14,546 (1) The RSUs issued during the three and six months ended July 31, 2018 and 2017 are scheduled to vest ratably over periods of three to four years from the date of grant. (2) The PSUs issued during the three and six months ended July 31, 2017 will vest, if at all, upon the certification, after fiscal year 2020, by the compensation committee of the satisfaction of the annual and cumulative Earnings Before Interest, Taxes, Depreciation and Amortization performance conditions over the three fiscal years commencing with fiscal year 2018. (3) The weighted-average assumptions for the option awards granted during the six months ended July 31, 2018 included expected volatility of 68.0% , an expected term of 6.5 years and risk-free interest rate of 2.67% . No dividend yield was included in the weighted-average assumptions for the option awards granted during the six months ended July 31, 2018 . For the three months ended July 31, 2018 and 2017, stock-based compensation expense was $3.1 million and $2.6 million , respectively. For the six months ended July 31, 2018 and 2017, stock-based compensation expense was $5.6 million and $4.2 million , respectively. Earnings per Share . Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share includes the dilutive effects of any stock options, RSUs and PSUs, 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 Six Months Ended 2018 2017 2018 2017 Weighted-average common shares outstanding - Basic 31,652,017 31,093,746 31,597,225 31,033,880 Dilutive effect of stock options, RSUs and PSUs 590,446 340,755 613,534 258,425 Weighted-average common shares outstanding - Diluted 32,242,463 31,434,501 32,210,759 31,292,305 For the three months ended July 31, 2018 and 2017 , the weighted-average number of stock options, RSUs and PSUs not included in the calculation due to their anti-dilutive effect was 624,291 and 386,130 , respectively. For the six months ended July 31, 2018 and 2017 , the weighted-average number of stock options, RSUs and PSUs not included in the calculation due to their anti-dilutive effect was 497,224 and 546,102 , respectively. Fair Value of Financial Instruments . Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are categorized using defined hierarchical levels related to subjectivity associated with the inputs to fair value measurements as follows: • Level 1 – Inputs represent unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (for example, quoted market prices for similar assets or liabilities in active markets or quoted market prices for identical assets or liabilities in markets not considered to be active, inputs other than quoted prices that are observable for the asset or liability, or market-corroborated inputs). • Level 3 – Inputs that are not observable from objective sources such as our internally developed assumptions used in pricing an asset or liability (for example, an estimate of future cash flows used in our internally developed present value of future cash flows model that underlies the fair-value measurement). In determining fair value, we use observable market data when available, or models that incorporate observable market data. When we are required to measure fair value and there is not a market-observable price for the asset or liability or for a similar asset or liability, we use the cost or income approach depending on the quality of information available to support management’s assumptions. The cost approach is based on management’s best estimate of the current asset replacement cost. The income approach is based on management’s best assumptions regarding expectations of future net cash flows and discounts the expected cash flows using a commensurate risk-adjusted discount rate. Such evaluations involve significant judgment, and the results are based on expected future events or conditions such as sales prices, economic and regulatory climates, and other factors, most of which are often outside of management’s control. However, we believe assumptions used reflect a market participant’s view of long-term prices, costs, and other factors and are consistent with assumptions used in our business plans and investment decisions. In arriving at fair-value estimates, we use relevant observable inputs available for the valuation technique employed. If a fair-value measurement reflects inputs at multiple levels within the hierarchy, the fair-value measurement is characterized based on the lowest level of input that is significant to the fair-value measurement. The fair value of cash and cash equivalents, restricted cash 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, which includes the allowance for doubtful accounts. The fair value of our Revolving Credit Facility approximates carrying value based on the current borrowing rate for similar types of borrowing arrangements. At July 31, 2018 , the fair value of the Senior Notes outstanding, which was determined using Level 1 inputs, was $227.9 million as compared to the carrying value of $227.0 million , excluding the impact of the related discount. At July 31, 2018 , the fair value of the asset-backed notes approximates their carrying value and was determined using Level 2 inputs based on inactive trading activity. Recent Accounting Pronouncements Adopted. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , 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 such contracts, (3) determine transaction price, (4) allocate the transaction price to the performance obligations, and (5) recognize revenue as each performance obligation is satisfied. The FASB also issued ASU 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net); ASU 2016-10, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing ; ASU 2016-11, Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting ; and ASU 2016-12, Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients, all of which were issued to improve and clarify the guidance in ASU 2014-09. Effective February 1, 2018, the Company adopted these ASUs using the modified retrospective method applied to those contracts that were not completed as of February 1, 2018, with no restatement of comparative periods. Results for reporting periods beginning after February 1, 2018 are presented under ASC Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting policies under ASC Topic 605. We recognized a net after-tax cumulative effect adjustment to retained earnings of $1.0 million as of the date of adoption. The details of our current revenue recognition policy, as well as the change due to ASC Topic 606, are described below. Revenue Recognition . The Company has the following material revenue streams: the sale of products (e.g. appliances, electronics) including delivery; the sale of third party warranty and insurance programs, including retrospective income; service income; interest income generated from the financing of point of sale transactions; and volume rebate incentives received from a third party financer. Interest income related to our customer accounts receivable balance and loan origination costs (including sales commissions) meet the scope exception of ASC 606 and are therefore not impacted by the adoption of this standard. For our twelve month no-interest option program, as a practical expedient acceptable under ASC 606, we do not adjust for the time value of money. Sale of Products Including Delivery : The Company has a single performance obligation associated with these contracts: the delivery of the product to the customer, at which point control transfers. Revenue for the sale of products is recognized at the time of delivery, net of any adjustments for sales incentives such as discounts, coupons, rebates or other free products or services. Sales financed through third-party no-interest option programs typically require us to pay a fee to the third party on each completed sale, which is recorded as a reduction of net sales in the retail segment. Sale of Third Party Warranty and Insurance Programs, Including Retrospective Income: We sell repair service agreements (“RSA”) and credit insurance contracts on behalf of unrelated third-parties. The Company has a single performance obligation associated with these contracts: the delivery of the product to the customer, at which point control transfers. Commissions related to these contracts are recognized in revenue upon delivery of the product. We also may serve as the administrator of the RSAs sold and defer 5% of the revenue received from the sale of RSAs as compensation for this performance obligation as 5% represents the estimated stand-alone sales price to serve as the administrator. The deferred RSA administration fee is recorded in income ratably over the life of the RSA contract sold. Retrospective income on RSA contracts is recognized upon delivery of the product based on an estimate of claims and is adjusted throughout the life of the contracts as actual claims materialize. Retrospective income on insurance contracts is recognized when earned as that is the point at which we no longer believe a significant reversal of income is probable as the consideration is highly susceptible to factors outside of our influence. Service Income: The Company has a single performance obligation associated with these contracts: the servicing of the RSA claims. Service revenues are recognized at the time service is provided to the customer. Volume Rebate Incentive: As part of our agreement with our third-party provider of no-interest option programs, we may receive a volume rebate incentive based on the total dollar value of sales made under our third-party provider. The Company has a single performance obligations associated with this contract: the delivery of the product to the customer, at which point control transfers. Revenue for the volume rebate incentive is recognized upon delivery of the product to the customer based on the projected total annual dollar value of sales to be made under our third-party provider. ASC 606 requires disaggregation of revenue recognized from contracts with customers to depict how the nature, amount, timing and uncertainty of revenue is affected by economic factors. The Company concluded that the disaggregated discrete financial information presented in Note 8, Segment Reporting , and Note 4, Finance Charges and Other Revenues , reviewed by our chief operating decision maker in evaluating the financial performance of our operating segments adequately addresses the disaggregation of revenue requirements of ASC 606. Deferred Revenue. Deferred revenue related to contracts with customers as defined by ASC 606 consists of deferred customer deposits and deferred RSA administration fees. During the three and six months ended July 31, 2018 , we recognized $1.5 million and $1.8 million , respectively, of revenue for customer deposits as of the beginning of those periods. During the three and six months ended July 31, 2018 , we recognized $1.4 million and $2.7 million respectively, of revenue for RSA administrative fees deferred as of the beginning of those periods. Changes in Revenue Recognition Due to ASC 606. The adoption of ASC 606 resulted in a change to our accounting policy related to retrospective income on RSAs. We participate in profit sharing agreements with the underwriters of our RSA products, payment from which is contingent upon the actual performance of the portfolio of the RSAs sold. Prior to the adoption of ASC 606, we recognized this revenue and related receivable as the amount due to us at each reporting date based on the performance of the portfolio through such date. The Company concluded that this retrospective income represents variable consideration under ASC 606 for which the Company’s performance obligation is satisfied when the RSA is sold to the customer. Under ASC 606, an estimate of variable consideration, subject to constraints, is to be included in the transaction price and recognized when or as the performance obligation is satisfied. As a result of the adoption of ASC 606, the Company changed its accounting policy related to retrospective income on RSAs to record an estimate of retrospective income when the RSA is sold, subject to constraints in the estimate. The Company's estimate of the amount of variable consideration is recorded as a contract asset, representing a conditional right to payment, and is included within other accounts receivable in the Condensed Consolidated Balance Sheet. The estimated contract asset will be reassessed at the end of each reporting period, with changes thereto recorded as adjustments to revenue. The cumulative effect of the changes made to the Company’s Condensed Consolidated Balance Sheet as a result of the adoption of ASC 606 were as follows (in thousands): Impact of Adoption of ASC 606 (in thousands) Balance at January 31, 2018 Adjustments due to ASC 606 Balance at February 1, 2018 Assets Other Accounts Receivable $ 71,186 $ 1,210 $ 72,396 Deferred Income Taxes 21,565 (254 ) 21,311 Stockholder's Equity $ 535,068 $ 956 $ 536,024 The adoption of ASC 606 did not have a material impact on the consolidated financial statements for the three and six months ended July 31, 2018 and no comparative financial statements are p

Customer Accounts Receivable

Customer Accounts Receivable	6 Months Ended
	Jul. 31, 2018
Receivables [Abstract]
Customer Accounts Receivable	Customer Accounts Receivable Customer accounts receivable consisted of the following: Total Outstanding Balance Customer Accounts Receivable 60 Days Past Due (1) Re-aged (1) (2) (in thousands) July 31, January 31, July 31, January 31, July 31, January 31, Customer accounts receivable $ 1,338,498 $ 1,374,269 $ 94,722 $ 114,120 $ 196,964 $ 217,952 Restructured accounts 169,863 153,593 41,499 37,687 169,863 153,593 Total customer portfolio balance $ 1,508,361 $ 1,527,862 $ 136,221 $ 151,807 $ 366,827 $ 371,545 Allowance for uncollectible accounts (203,609 ) (203,572 ) Allowances for no-interest option credit programs (19,060 ) (20,960 ) Deferred fees and origination costs, net (16,189 ) (15,897 ) Total customer accounts receivable, net 1,269,503 1,287,433 Short-term portion of customer accounts receivable, net (622,009 ) (636,825 ) Long-term portion of customer accounts receivable, net $ 647,494 $ 650,608 Securitized receivables held by the VIEs $ 592,279 $ 1,085,385 $ 70,148 $ 124,627 $ 228,234 $ 300,348 Receivables not held by the VIEs 916,082 442,477 66,073 27,180 138,593 71,197 Total customer portfolio balance $ 1,508,361 $ 1,527,862 $ 136,221 $ 151,807 $ 366,827 $ 371,545 (1) Due to the fact that an account can become past due after having been re-aged, accounts could be represented as both past due and re-aged. As of July 31, 2018 and January 31, 2018 , the amounts included within both 60 days past due and re-aged was $82.9 million and $80.8 million , respectively. As of July 31, 2018 and January 31, 2018 , the total customer portfolio balance past due one day or greater was $400.3 million and $401.0 million , respectively. These amounts include the 60 days past due balances shown. (2) The re-aged receivables balance as of July 31, 2018 and January 31, 2018 includes $41.6 million and $62.0 million in first time re-ages related to customers within FEMA-designated Hurricane Harvey disaster areas. The following presents the activity in the allowance for doubtful accounts and uncollectible interest for customer receivables: Six Months Ended July 31, 2018 Six Months Ended July 31, 2017 (in thousands) Customer Accounts Receivable Restructured Accounts Total Customer Accounts Receivable Restructured Accounts Total Allowance at beginning of period $ 148,856 $ 54,716 $ 203,572 $ 158,992 $ 51,183 $ 210,175 Provision (1) 85,117 33,146 118,263 92,285 33,208 125,493 Principal charge-offs (2) (82,124 ) (25,264 ) (107,388 ) (92,251 ) (26,159 ) (118,410 ) Interest charge-offs (16,161 ) (4,972 ) (21,133 ) (14,911 ) (4,228 ) (19,139 ) Recoveries (2) 7,873 2,422 10,295 3,534 1,002 4,536 Allowance at end of period $ 143,561 $ 60,048 $ 203,609 $ 147,649 $ 55,006 $ 202,655 Average total customer portfolio balance $ 1,340,360 $ 162,951 $ 1,503,311 $ 1,356,569 $ 139,106 $ 1,495,675 (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). Recoveries include principal collections of previously charged-off balances. Net charge-offs are calculated as the net of principal charge-offs and recoveries.

Charges and Credits

Charges and Credits	6 Months Ended
	Jul. 31, 2018
Charges and Credits [Abstract]
Charges and Credits	Charges and Credits Charges and credits consisted of the following: Three Months Ended Six Months Ended (in thousands) 2018 2017 2018 2017 Facility closure costs $ — $ 122 $ — $ 1,349 Securities-related regulatory matter and other legal fees 300 34 300 34 Employee severance — 1,317 — 1,317 Indirect tax audit reserve — 2,595 — 2,595 $ 300 $ 4,068 $ 300 $ 5,295 During the three and six months ended July 31, 2018 , we recorded a contingency reserve related to a regulatory matter. During the three months ended July 31, 2017 , we primarily incurred severance costs related to a change in the executive management team and a charge related to an increase in our indirect tax audit reserve. During the six months ended July 31, 2017, we primarily incurred exit costs associated with reducing the square footage of a distribution center, severance costs related to a change in the executive management team, and a charge related to an increase in our indirect tax audit reserve.

Finance Charges and Other Reven

Finance Charges and Other Revenue	6 Months Ended
	Jul. 31, 2018
Supplemental Disclosure of Finance Charges and Other Revenue [Abstract]
Finance Charges and Other Revenues	Finance Charges and Other Revenues Finance charges and other revenues consisted of the following: Three Months Ended Six Months Ended (in thousands) 2018 2017 2018 2017 Interest income and fees $ 80,435 $ 69,490 $ 156,781 $ 136,621 Insurance income 7,774 10,652 14,045 19,982 Other revenues 98 92 112 172 $ 88,307 $ 80,234 $ 170,938 $ 156,775 Interest income and fees and insurance income are derived from the credit segment operations, whereas other revenues are derived from the retail segment operations. Insurance income is comprised of sales commissions from third-party insurance companies that are recognized when coverage is sold and retrospective income paid by the insurance carrier if insurance claims are less than earned premiums. During the three months ended July 31, 2018 and 2017, interest income and fees reflected provisions for uncollectible interest of $12.4 million and $10.5 million , respectively. The amount included in interest income and fees related to TDR accounts for the three months ended July 31, 2018 and 2017 are $6.5 million and $4.6 million , respectively. During the six months ended July 31, 2018 and 2017, interest income and fees reflected provisions for uncollectible interest of $23.9 million and $20.5 million , respectively. The amount included in interest income and fees related to TDR accounts for the six months ended July 31, 2018 and 2017 are $12.3 million and $9.1 million , respectively. Insurance income decreased over both the three month and six month periods primarily due to a decrease in retrospective income as a result of higher claim volumes related to Hurricane Harvey.

Debt and Capital Lease Obligati

Debt and Capital Lease Obligations	6 Months Ended
	Jul. 31, 2018
Debt Disclosure [Abstract]
Debt and Capital Lease Obligations	Debt and Capital Lease Obligations Debt and capital lease obligations consisted of the following: (in thousands) July 31, January 31, Revolving Credit Facility $ 261,200 $ 77,000 Senior Notes 227,000 227,000 2016-B VIE Asset-backed Class B Notes — 73,589 2017-A VIE Asset-backed Class A Notes — 59,794 2017-A VIE Asset-backed Class B Notes — 106,270 2017-A VIE Asset-backed Class C Notes — 50,340 2017-B VIE Asset-backed Class A Notes 99,595 292,663 2017-B VIE Asset-backed Class B Notes 132,180 132,180 2017-B VIE Asset-backed Class C Notes 78,640 78,640 Warehouse Notes 121,060 — Capital lease obligations 4,927 4,949 Total debt and capital lease obligations 924,602 1,102,425 Less: Discount on debt (2,247 ) (2,527 ) Deferred debt issuance costs (5,125 ) (8,886 ) Current maturities of capital lease obligations (1,149 ) (907 ) Long-term debt and capital lease obligations $ 916,081 $ 1,090,105 Senior Notes. On July 1, 2014, we issued $250.0 million of the unsecured Senior Notes due July 2022 bearing interest at 7.25% (the “Senior Notes”), 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 effective interest rate of the Senior Notes after giving effect to the discount and issuance costs is 7.8% . The Indenture restricts the Company's and certain of its subsidiaries' ability to: (i) incur indebtedness; (ii) pay dividends or make other distributions in respect of, or repurchase or redeem, our capital stock (“restricted payments”); (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. Specifically, limitations on restricted payments are only effective if one or more of the following occurred: (1) a default were to exist under the Indenture, (2) we could not satisfy a debt incurrence test, and (3) the aggregate amount of restricted payments were to exceed an amount tied to consolidated net income. These limitations, however, are subject to two exceptions: (1) an exception that permits the payment of up to $375.0 million in restricted payments, and (2) an exception that permits restricted payments regardless of dollar amount so long as, after giving pro forma effect to the dividends and other restricted payments, we would have had a leverage ratio, as defined under the Indenture, of less than or equal to 2.50 to 1.0 . As a result of these exceptions, as of July 31, 2018 , $200.5 million would have been free from the distribution restriction. 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 we 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 fail to make payment of other indebtedness prior to the expiration of any applicable grace period or upon acceleration of indebtedness prior to its stated maturity date 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. Asset-backed Notes. During fiscal years 2018 and 2017 we securitized customer accounts receivables by transferring the receivables to various bankruptcy-remote VIEs. In turn, the VIEs issued asset-backed notes secured by the transferred customer accounts receivables and restricted cash held by the VIEs. Under the terms of the securitization transactions, all cash collections and other cash proceeds of the customer receivables go first to the servicer and the holders of issued notes, and then to us as the holder of non-issued notes and residual equity. We retain the servicing of the securitized portfolios and receive a monthly fee of 4.75% (annualized) based on the outstanding balance of the securitized receivables. In addition, we, rather than the VIEs, retain all credit insurance income together with certain recoveries related to credit insurance and repair service agreements on charge-offs of the securitized receivables, which are reflected as a reduction to net charge-offs on a consolidated basis. The asset-backed notes were offered and sold to qualified institutional buyers pursuant to the exemptions from registration provided by Rule 144A under the Securities Act of 1933, as amended. If an event of default were to occur under the indenture that governs the respective asset-backed notes, the payment of the outstanding amounts may be accelerated, in which event the cash proceeds of the receivables that otherwise might be released to the residual equity holder would instead be directed entirely toward repayment of the asset-backed notes, or if the receivables are liquidated, all liquidation proceeds could be directed solely to repayment of the asset-backed notes as governed by the respective terms of the asset-backed notes. The holders of the asset-backed notes have no recourse to assets outside of the VIEs. Events of default include, but are not limited to, failure to make required payments on the asset-backed notes or specified bankruptcy-related events. The asset-backed notes consist of the following: Asset-Backed Notes Original Principal Amount Original Net Proceeds (1) Current Principal Amount Issuance Date Maturity Date Fixed Interest Rate Effective Interest Rate (2) 2017-B Class A Notes $ 361,400 $ 358,945 $ 99,595 12/20/2017 7/15/2020 2.73% 5.14% 2017-B Class B Notes 132,180 131,281 132,180 12/20/2017 4/15/2021 4.52% 5.23% 2017-B Class C Notes 78,640 77,843 78,640 12/20/2017 11/15/2022 5.95% 6.35% Warehouse Notes 121,060 118,972 121,060 7/16/2018 1/15/2020 Index + 2.50% (3) 7.62% Total $ 693,280 $ 687,041 $ 431,475 (1) After giving effect to debt issuance costs and restricted cash held by the VIEs. (2) For the six months ended July 31, 2018, and inclusive of retrospective adjustments to deferred debt issuance costs based on changes in timing of actual and expected cash flows. (3) The rate on the Warehouse Notes is defined as the applicable index plus a 2.50% fixed margin. On February 15, 2018, affiliates of the Company closed on a $52.2 million financing under a receivables warehouse financing transaction entered into on February 6, 2018 (the “Warehouse Notes”). The net proceeds of the Warehouse Notes were used to prepay in full the Series 2016-B Class B Notes (the “2016-B Redeemed Notes”) that were still outstanding as of February 15, 2018. On February 15, 2018, the Company completed the redemption of the 2016-B Redeemed Notes at an aggregate redemption price of $73.6 million (which was equal to the entire outstanding principal of, plus accrued interest and the call premiums on, the 2016-B Redeemed Notes). The net funds used to call the notes was $50.3 million, which is equal to the redemption price less adjustments of $23.3 million for funds held in reserve and collection accounts in accordance with the terms of the applicable indenture governing the 2016-B Redeemed Notes. The difference between the net proceeds of the Warehouse Notes and the carrying value of the 2016-B Redeemed Notes at redemption was used to fund fees, expenses and a reserve account related to the Warehouse facility. In connection with the early redemption of the 2016-B Redeemed Notes, we wrote-off $0.4 million as a loss on extinguishment of debt. On July 16, 2018, affiliates of the Company closed on $121.1 million of additional financing under a receivables warehouse financing transaction entered into on July 9, 2018 (the “Additional Funding”). The net proceeds of the Additional Funding were used to prepay in full the Series 2017-A Class B and C Notes (the “2017-A Redeemed Notes”) that were still outstanding as of July 16, 2018. On July 16, 2018, the Company completed the redemption of the 2017-A Redeemed Notes at an aggregate redemption price of $127.2 million (which was equal to the entire outstanding principal of, plus accrued interest and the call premiums on the 2017-A Redeemed Notes). The net funds used to call the notes was $119.0 million, which is equal to the redemption price less adjustments of $8.2 million for funds held in reserve and collection accounts in accordance with the terms of the applicable indenture governing the 2017-A Redeemed Notes. The difference between the net proceeds of the Additional Funding and the carrying value of the 2017-A Redeemed Notes at redemption was used to fund fees, expenses and a reserve account related to the warehouse facility. In connection with the early redemption of the 2017-A Redeemed Notes, we wrote-off $1.2 million as a loss on extinguishment of debt. Revolving Credit Facility. On May 23, 2018, Conn's, Inc. and certain of its subsidiaries (the “Borrowers”) entered into a Fourth Amendment to the Fourth Amended and Restated Loan and Security Agreement, dated as of October 30, 2015, with certain lenders, which provides for a $650.0 million asset-based revolving credit facility (the “Revolving Credit Facility”) under which credit availability is subject to a borrowing base. The Fourth Amendment, among other things, (a) extends the maturity date of the credit facility to May 23, 2022; (b) provides for a reduction in the aggregate commitments from $750 million to $650 million; (c) amends the method by which the applicable margin is calculated to be based on the total leverage ratio (ratio of total liabilities less the sum of qualified cash and ABS qualified cash to tangible net worth), with the applicable margin ranging from 2.50% to 3.25% for LIBOR loans and from 1.50% to 2.25% for base rate loans; (d) eliminates a $10 million availability block in calculating the borrowing base; (e) increases the maximum accounts receivable advance rate from 75% to 80%; (f) decreases the maximum unused line fee by 25 basis points, from 75 basis points to 50 basis points; (g) eliminates the cash recovery covenant; (h) modifies the maximum inventory component of the borrowing base from $175 million to 33.33% of revolving loan commitments in effect; (i) modifies the interest coverage covenant such that the minimum interest coverage on a trailing two quarter basis is 1.5x and the minimum interest coverage during any single quarter is 1.0x; (j) increases the maximum capital expenditures from $75 million to $100 million during any period of four consecutive fiscal quarters; and (k) modifies the ability of the Company to effect future securitizations of its customer receivables portfolio, including adding the ability of the Company to enter into revolving ABS transactions. Subsequent to the adoption of the Fourth Amendment, loans under the Revolving Credit Facility bear interest, at our option, at a rate equal to LIBOR plus the applicable margin based on facility availability which specified a margin ranging from 2.50% to 3.25% per annum (depending on quarterly average net availability under the borrowing base) or the alternate base rate plus a margin ranging from 1.50% to 2.25% per annum (depending on quarterly average net availability under the borrowing base). The alternate base rate is the greatest of the prime rate announced by Bank of America, N.A., the federal funds rate plus 0.5%, or LIBOR for a 30-day interest period plus 1.0%. As of July 31, 2018, we also paid an unused fee on the portion of the commitments that was available for future borrowings or letters of credit at a rate ranging from 0.25% to 0.50% per annum, depending on the average outstanding balance and letters of credit of the Revolving Credit Facility in the immediately preceding quarter. The weighted-average interest rate on borrowings outstanding and including unused line fees under the Revolving Credit Facility was 6.5% for the six months ended July 31, 2018 . The Revolving Credit Facility provides funding based on a borrowing base calculation that includes customer accounts receivable and inventory, and provides for a $40.0 million sub-facility for letters of credit to support obligations incurred in the ordinary course of business. The obligations under the Revolving Credit Facility are secured by substantially all assets of the Company, excluding the assets of the VIEs. As of July 31, 2018 , we had immediately available borrowing capacity of $366.6 million under our Revolving Credit Facility, net of standby letters of credit issued of $2.8 million . We also had $19.4 million that may become available under our Revolving Credit Facility if we grow the balance of eligible customer receivables and total eligible inventory balances. The Revolving Credit Facility places restrictions on our ability to incur additional indebtedness, grant liens on assets, make distributions on equity interests, dispose of assets, make loans, pay other indebtedness, engage in mergers, and other matters. The Revolving Credit Facility restricts our ability to make dividends and distributions unless no event of default exists and a liquidity test is satisfied. Subsidiaries of the Company may pay dividends and make distributions to the Company and other obligors under the Revolving Credit Facility without restriction. As of July 31, 2018 , we were restricted from making distributions, including repayments of the Senior Notes or other distributions, in excess of $212.3 million as a result of the Revolving Credit Facility distribution restrictions. The Revolving Credit Facility contains customary default provisions, which, if triggered, could result in acceleration of all amounts outstanding under the Revolving Credit Facility. Debt Covenants. We were in compliance with the debt covenants of our Revolving Credit Facility at July 31, 2018 . A summary of the significant financial covenants that govern our Revolving Credit Facility compared to our actual compliance status at July 31, 2018 is presented below: Actual Required Minimum/ Maximum Interest Coverage Ratio for the quarter must equal or exceed (minimum) 3.75:1.00 1.00:1.00 Interest Coverage Ratio for the trailing two quarters must equal or exceed (minimum) 3.36:1.00 1.50:1.00 Leverage Ratio must not exceed (maximum) 2.07:1.00 4.00:1.00 ABS Excluded Leverage Ratio must not exceed (maximum) 1.40:1.00 2.00:1.00 Capital Expenditures, net, must not exceed (maximum) $13.5 million $100.0 million All capitalized terms in the above table are defined by the Revolving Credit Facility and may or may not agree directly to the financial statement captions in this document. The covenants are calculated quarterly, except for capital expenditures, which is calculated for a period of four consecutive fiscal quarters, as of the end of each fiscal quarter.

Contingencies

Contingencies	6 Months Ended
	Jul. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Securities Class Action Litigation. We and two of our former executive officers are defendants in a consolidated securities class action lawsuit pending in the United States District Court for the Southern District of Texas (the “Court”), captioned In re Conn's Inc. Securities Litigation, Cause No. 14-CV-00548 (the “Consolidated Securities Action”). The Consolidated Securities Action started as three separate purported securities class action lawsuits filed between March 5, 2014 and May 5, 2014 in the Court that were consolidated into the Consolidated Securities Action on June 3, 2014. The plaintiffs in the Consolidated Securities Action allege that the defendants made false and misleading statements or failed to disclose material adverse facts about our business, operations, and prospects. They allege violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder and seek to certify a class of all persons and entities that purchased or otherwise acquired Conn's common stock or call options, or sold or wrote Conn's put options between April 3, 2013 and December 9, 2014. The complaint does not specify the amount of damages sought. On June 30, 2015, the Court held a hearing on the defendants' motion to dismiss plaintiffs' complaint. At the hearing, the Court dismissed Brian Taylor, a former executive officer, and certain other aspects of the complaint. The Court ordered the plaintiffs to further amend their complaint in accordance with its ruling, and the plaintiffs filed their Fourth Consolidated Amended Complaint on July 21, 2015. The remaining defendants filed a motion to dismiss on August 28, 2015. The defendant's motion to dismiss was fully briefed and the Court held a hearing on defendants' motion on March 25, 2016 and on May 5, 2016, the Court issued a ruling that dismissed 78 of 91 alleged misstatements. The parties have submitted their respective briefs in support of, and in opposition to, class certification, and also engaged in discovery pursuant to the Court’s scheduling order. In late June 2017, the Court granted the plaintiffs’ motion for class certification, and shortly thereafter, Defendants filed a petition for permission to appeal to the United States Fifth Circuit Court of Appeals (the "Fifth Circuit"). The Fifth Circuit granted leave to appeal on August 21, 2017. On June 14, 2018, the parties filed a motion for preliminary approval of a settlement for the Consolidated Securities Action. The Court granted preliminary approval of the settlement terms and stayed the Consolidated Securities Action on June 28, 2018. As a result of the Court's preliminary approval, the settlement amount of $22.5 million was reflected as a liability in accrued expenses on the Condensed Consolidated Balance Sheet with an offsetting receivable from our insurance carriers of $22.5 million reflected in other accounts receivable on the Condensed Consolidated Balance Sheet as of the three months ended July 31, 2018. The settlement will be funded solely by proceeds from our insurance carriers. As part of the settlement, we-along with the other executive officer defendants-have denied and continue to deny any wrongdoing giving rise to any liability or violation of the law, including the U.S. securities laws, as well as each and every one of the claims alleged by plaintiffs in the Consolidated Securities Action. On July 13, 2018, the claims administrator for the settlement began sending court-approved notices of settlement and proof of claim forms to the class members. Class members must submit requests for exclusion from the class, objections to the settlement, or enter an appearance in the final settlement approval hearing by September 20, 2018. The Court has scheduled a final settlement approval hearing on October 11, 2018. As a result of this pending settlement, the Fifth Circuit ordered that the appeal on the class certification ruling be held in abeyance until September 10, 2018. On April 2, 2018, MicroCapital Fund, LP, MicroCapital Fund Ltd, and MicroCapital LLC filed a lawsuit (the “MicroCapital Lawsuit”) against us and certain of our former executive officers in the United States District Court for the Southern District of Texas, Cause No. 4:18-CV-01020 (the "MicroCapital Action"). The plaintiffs in this action allege that the defendants made false and misleading statements or failed to disclose material facts about our credit and underwriting practices, accounting and internal controls. Plaintiffs allege violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, Texas and Connecticut common law fraud, and Texas common law negligent misrepresentation against all defendants; as well as section 20A of the Securities Exchange Act of 1934; and Connecticut common law negligent misrepresentation against certain defendants arising from plaintiffs’ purchase of Conn’s, Inc. securities between April 3, 2013 and February 20, 2014. The complaint does not specify the amount of damages sought. On April 27, 2018, the plaintiffs in the MicroCapital Action filed a motion for a ruling that discovery can proceed and a request for a Rule 16 conference. We filed a response in opposition, as well as a cross-motion to stay this action in its entirety on May 18, 2018. On July 10, 2018, the court granted our cross-motion to stay this action pending final approval of settlement in the Consolidated Securities Action. We intend to vigorously defend our interests in the MicroCapital Action. It is not possible at this time to predict the timing or outcome of this litigation, and we cannot reasonably estimate the possible loss or range of possible loss from these claims. Derivative Litigation. On December 1, 2014, an alleged shareholder, purportedly on behalf of the Company, filed a derivative shareholder lawsuit against us and certain of our current and former directors and former executive officers in the Court, captioned as Robert Hack, derivatively on behalf of Conn's, Inc., v. Theodore M. Wright (former executive officer and former director), Bob L. Martin, Jon E.M. Jacoby (former director), Kelly M. Malson, Douglas H. Martin, David Schofman, Scott L. Thompson (former director), Brian Taylor (former executive officer) and Michael J. Poppe (former executive officer) and Conn's, Inc., Case No. 4:14-cv-03442 (the "Original Derivative Action"). 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 Action. The plaintiff seeks unspecified damages against these persons and does not request any damages from us. Setting forth substantially similar claims against the same defendants, on February 25, 2015, an additional federal derivative action, captioned 95250 Canada LTEE, derivatively on Behalf of Conn's, Inc. v. Wright et al., Cause No. 4:15-cv-00521, was filed in the Court, which has been consolidated with the Original Derivative Action. The Court previously approved a stipulation among the parties to stay the action pending resolution of the motion for class certification in the Consolidated Securities Action. The Court has agreed to continue to the stay through the final settlement approval hearing in the Consolidated Securities Action on October 11, 2018, and set a deadline of November 1, 2018, for defendants to respond to the complaint. Another derivative action was filed on January 27, 2015, captioned as Richard A. Dohn v. Wright, et al., Cause No. 2015-04405, in the 281st Judicial District Court, Harris County, Texas. This action makes substantially similar allegations to the Original Derivative Action against the same defendants. On September 14, 2017, the court entered an order extending the stay until September 7, 2018. Prior to filing a lawsuit, an alleged shareholder, Robert J. Casey II ("Casey"), submitted a demand under Delaware law, which our Board of Directors refused. On May 19, 2016, Casey, purportedly on behalf of the Company, filed a lawsuit against us and certain of our current and former directors and former executive officers in the 55th Judicial District Court, Harris County, Texas, captioned as Casey, derivatively on behalf of Conn's, Inc., v. Theodore M. Wright (former executive officer and former director), Michael J. Poppe (former executive officer), Brian Taylor (former executive officer), Bob L. Martin, Jon E.M. Jacoby (former director), Kelly M. Malson, Douglas H. Martin, David Schofman, Scott L. Thompson (former director) and William E. Saunders Jr., and Conn's, Inc., Cause No. 2016-33135. The complaint asserts claims for breach of fiduciary duties and unjust enrichment based on substantially similar factual allegations as those asserted in the Original Derivative Action. The complaint does not specify the amount of damages sought. Pursuant to the parties’ agreement, this action is stayed pending the resolution of the Consolidated Securities Action. Other than Casey, none of the plaintiffs in the other derivative actions made a demand on our Board of Directors prior to filing their respective lawsuits. The defendants in the derivative actions intend to vigorously defend against these claims. It is not possible at this time to predict the timing or outcome of any of this litigation, and we cannot reasonably estimate the possible loss or range of possible loss from these claims. Regulatory Matters. We are continuing to cooperate with the SEC's investigation of our underwriting policies and bad debt provisions, which began in November 2014. The investigation is a non-public, fact-finding inquiry, and the SEC has stated that the investigation does not mean that any violations of law have occurred. In addition, we are involved in other routine litigation and claims incidental to our business from time to time which, individually or in the aggregate, are not expected to have a material adverse effect on us. As required, we accrue 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 our estimate of reserves for litigation. The Company believes that any probable and reasonably estimable loss associated with the foregoing has been adequately reflected in the accompanying financial statements.

Variable Interest Entity

Variable Interest Entity	6 Months Ended
	Jul. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entity	Variable Interest Entities From time to time, we have securitized customer accounts receivables by transferring the receivables to various bankruptcy-remote VIEs. Under the terms of the respective securitization transactions, all cash collections and other cash proceeds of the customer receivables go first to the servicer and the holders of the asset-backed notes, and then to the residual equity holder. We retain the servicing of the securitized portfolio and receive a monthly fee of 4.75% (annualized) based on the outstanding balance of the securitized receivables, and we currently hold all of the residual equity. In addition, we, rather than the VIEs, will retain certain credit insurance income together with certain recoveries related to credit insurance and repair service agreements on charge-offs of the securitized receivables, which will continue to be reflected as a reduction of net charge-offs on a consolidated basis for as long as we consolidate the VIEs. We consolidate VIEs when we determine that we are the primary beneficiary of these VIEs, we have the power to direct the activities that most significantly impact the performance of the VIEs and our obligation to absorb losses and the right to receive residual returns are significant. The following table presents the assets and liabilities held by the VIEs (for legal purposes, the assets and liabilities of the VIEs will remain distinct from Conn's, Inc.): (in thousands) July 31, January 31, Assets: Restricted cash $ 50,107 $ 85,322 Due from Conn's, Inc., net 4,528 15,212 Customer accounts receivable: Customer accounts receivable 496,586 987,418 Restructured accounts 95,693 97,967 Allowance for uncollectible accounts (88,589 ) (143,115 ) Allowances for no-interest option credit programs (8,442 ) (18,228 ) Deferred fees and origination costs (4,607 ) (9,332 ) Total customer accounts receivable, net 490,641 914,710 Total assets $ 545,276 $ 1,015,244 Liabilities: Accrued expenses $ 3,425 $ 6,723 Other liabilities 6,111 10,639 Long-term debt: 2016-B Class B Notes — 73,589 2017-A Class A Notes — 59,794 2017-A Class B Notes — 106,270 2017-A Class C Notes — 50,340 2017-B Class A Notes 99,595 292,663 2017-B Class B Notes 132,180 132,180 2017-B Class C Notes 78,640 78,640 Warehouse Notes 121,060 — 431,475 793,476 Less: deferred debt issuance costs (2,112 ) (5,497 ) Total long-term debt 429,363 787,979 Total liabilities $ 438,899 $ 805,341 The assets of the VIEs serve as collateral for the obligations of the VIEs. The holders of the asset-backed notes have no recourse to assets outside of the respective VIEs.

Segment Reporting

Segment Reporting	6 Months Ended
	Jul. 31, 2018
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Operating segments are defined as components of an enterprise that engage in business activities and for which discrete financial information is available that is evaluated on a regular basis by the chief operating decision maker to make decisions about how to allocate resources and assess performance. We are a leading specialty retailer and offer a broad selection of quality, branded durable consumer goods and related services in addition to a proprietary credit solution for our core credit-constrained consumers. We have two operating segments: (i) retail and (ii) credit. Our operating segments complement one another. The retail segment operates primarily through our stores and website in the retail furniture and mattresses, home appliances, consumer electronics and home office products business. Our retail segment product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from leading global brands across a wide range of price points. Our credit segment offers affordable financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. Our operating segments provide customers the opportunity to comparison shop across brands with confidence in our competitive prices as well as affordable monthly payment options, next day delivery and installation in the majority of our markets, and product repair service. The operating segments follow the same accounting policies used in our condensed consolidated financial statements. We evaluate a segment’s performance based upon operating income before taxes. Selling, general and administrative expenses include the direct expenses of the retail and credit operations, allocated corporate 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. As of July 31, 2018 , we operated retail stores in 14 states with no operations outside of the United States. No single customer accounts for more than 10% of our total revenues. Financial information by segment is presented in the following tables: Three Months Ended July 31, 2018 Three Months Ended July 31, 2017 (in thousands) Retail Credit Total Retail Credit Total Revenues: Furniture and mattress $ 97,066 $ — $ 97,066 $ 95,297 $ — $ 95,297 Home appliance 91,471 — 91,471 89,085 — 89,085 Consumer electronic 55,654 — 55,654 52,946 — 52,946 Home office 19,289 — 19,289 17,862 — 17,862 Other 3,699 — 3,699 4,403 — 4,403 Product sales 267,179 — 267,179 259,593 — 259,593 Repair service agreement commissions 25,662 — 25,662 23,519 — 23,519 Service revenues 3,472 — 3,472 3,301 — 3,301 Total net sales 296,313 — 296,313 286,413 — 286,413 Finance charges and other revenues 98 88,209 88,307 92 80,142 80,234 Total revenues 296,411 88,209 384,620 286,505 80,142 366,647 Costs and expenses: Cost of goods sold 173,627 — 173,627 172,306 — 172,306 Selling, general and administrative expense (1) 83,003 37,687 120,690 78,667 32,965 111,632 Provision for bad debts 243 50,508 50,751 165 49,284 49,449 Charges and credits 300 — 300 4,068 — 4,068 Total costs and expense 257,173 88,195 345,368 255,206 82,249 337,455 Operating income (loss) 39,238 14 39,252 31,299 (2,107 ) 29,192 Interest expense — 15,566 15,566 — 20,039 20,039 Loss on extinguishment of debt — 1,367 1,367 — 2,097 2,097 Income (loss) before income taxes $ 39,238 $ (16,919 ) $ 22,319 $ 31,299 $ (24,243 ) $ 7,056 Six Months Ended July 31, 2018 Six Months Ended July 31, 2017 (in thousands) Retail Credit Total Retail Credit Total Revenues: Furniture and mattress $ 194,086 $ — $ 194,086 $ 189,740 $ — $ 189,740 Home appliance 169,494 — 169,494 169,207 — 169,207 Consumer electronic 107,956 — 107,956 108,699 — 108,699 Home office 37,599 — 37,599 34,650 — 34,650 Other 7,358 — 7,358 8,659 — 8,659 Product sales 516,493 — 516,493 510,955 — 510,955 Repair service agreement commissions 48,525 — 48,525 48,215 — 48,215 Service revenues 7,051 — 7,051 6,528 — 6,528 Total net sales 572,069 — 572,069 565,698 — 565,698 Finance charges and other revenues 112 170,826 170,938 172 156,603 156,775 Total revenues 572,181 170,826 743,007 565,870 156,603 722,473 Costs and expenses: Cost of goods sold 340,216 — 340,216 344,256 — 344,256 Selling, general and administrative expense (1) 160,755 74,813 235,568 152,614 65,555 218,169 Provision for bad debts 503 94,404 94,907 395 104,984 105,379 Charges and credits 300 — 300 5,295 — 5,295 Total costs and expense 501,774 169,217 670,991 502,560 170,539 673,099 Operating income (loss) 70,407 1,609 72,016 63,310 (13,936 ) 49,374 Interest expense — 32,386 32,386 — 44,047 44,047 Loss on extinguishment of debt — 1,773 1,773 — 2,446 2,446 Income (loss) before income taxes $ 70,407 $ (32,550 ) $ 37,857 $ 63,310 $ (60,429 ) $ 2,881 (1) For the three months ended July 31, 2018 and 2017 , the amount of corporate overhead allocated to each segment reflected in selling, general and administrative expense was $9.3 million and $7.7 million , respectively. For the three months ended July 31, 2018 and 2017 , the amount of reimbursement made to the retail segment by the credit segment was $9.4 million and $9.2 million , respectively. For the six months ended July 31, 2018 and 2017 , the amount of corporate overhead allocated to each segment reflected in selling, general and administrative expense was $ 17.6 million and $14.2 million , respectively. For the six months ended July 31, 2018 and 2017 , the amount of reimbursement made to the retail segment by the credit segment was $ 18.8 million and $18.7 million respectively.

Guarantor Financial Information

Guarantor Financial Information	6 Months Ended
	Jul. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Guarantor Financial Information	Guarantor Financial Information Conn's, Inc. is a holding company with no independent assets or operations other than its investments in its subsidiaries. The Senior Notes, which were issued by Conn's, Inc., are fully and unconditionally guaranteed on a joint and several senior unsecured basis by the Guarantors. As of July 31, 2018 and January 31, 2018 the direct or indirect subsidiaries of Conn's, Inc. that were not Guarantors (the “Non-Guarantor Subsidiaries”) were the VIEs and minor subsidiaries. There are no restrictions under the Indenture on the ability of any of the Guarantors to transfer funds to Conn's, Inc. in the form of dividends or distributions. The following financial information presents the Condensed Consolidated Balance Sheet, Condensed Consolidated Statement of Operations, and Condensed Consolidated Statement of Cash Flows for Conn's, Inc. (the issuer of the Senior Notes), the Guarantors, and the Non-Guarantor Subsidiaries, together with certain eliminations. Investments in subsidiaries are accounted for by the parent company using the equity method for purposes of this presentation. Results of operations of subsidiaries are therefore reflected in the parent company's investment accounts and operations. The consolidated financial information includes financial data for: (i) Conn’s, Inc. (on a parent-only basis), (ii) Guarantors, (iii) Non-Guarantor Subsidiaries, and (iv) the parent company and the subsidiaries on a consolidated basis at July 31, 2018 and January 31, 2018 (after the elimination of intercompany balances and transactions). Condensed Consolidated Net Income is the same as Condensed Consolidated Comprehensive Income for the periods presented. Condensed Consolidated Balance Sheet as of July 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 4,435 $ — $ — $ 4,435 Restricted cash — 1,550 50,107 — 51,657 Customer accounts receivable, net of allowances — 351,382 270,627 — 622,009 Other accounts receivable — 87,797 — — 87,797 Inventories — 195,728 — — 195,728 Other current assets — 16,961 4,528 (6,954 ) 14,535 Total current assets — 657,853 325,262 (6,954 ) 976,161 Investment in and advances to subsidiaries 768,987 106,377 — (875,364 ) — Long-term portion of customer accounts receivable, net of allowances — 427,480 220,014 — 647,494 Property and equipment, net — 142,631 — — 142,631 Deferred income taxes 23,086 — — — 23,086 Other assets — 7,129 — — 7,129 Total assets $ 792,073 $ 1,341,470 $ 545,276 $ (882,318 ) $ 1,796,501 Liabilities and Stockholders' Equity Current liabilities: Current maturities of capital lease obligations $ — $ 1,149 $ — $ — $ 1,149 Accounts payable — 85,001 — — 85,001 Accrued expenses 686 91,385 3,425 (2,426 ) 93,070 Other current liabilities — 24,585 2,706 (4,528 ) 22,763 Total current liabilities 686 202,120 6,131 (6,954 ) 201,983 Deferred rent — 85,255 — — 85,255 Long-term debt and capital lease obligations 221,740 264,978 429,363 — 916,081 Other long-term liabilities — 20,130 3,405 — 23,535 Total liabilities 222,426 572,483 438,899 (6,954 ) 1,226,854 Total stockholders' equity 569,647 768,987 106,377 (875,364 ) 569,647 Total liabilities and stockholders' equity $ 792,073 $ 1,341,470 $ 545,276 $ (882,318 ) $ 1,796,501 Deferred income taxes related to tax attributes of the Guarantor Subsidiaries and Non-Guarantor Subsidiaries are reflected under Conn's, Inc. Condensed Consolidated Balance Sheet as of January 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 9,286 $ — $ — $ 9,286 Restricted cash — 1,550 85,322 — 86,872 Customer accounts receivable, net of allowances — 177,117 459,708 — 636,825 Other accounts receivable — 71,186 — — 71,186 Inventories — 211,894 — — 211,894 Other current assets — 68,621 15,212 (19,879 ) 63,954 Total current assets — 539,654 560,242 (19,879 ) 1,080,017 Investment in and advances to subsidiaries 735,272 209,903 — (945,175 ) — Long-term portion of customer accounts receivable, net of allowances — 195,606 455,002 — 650,608 Property and equipment, net — 143,152 — — 143,152 Deferred income taxes 21,565 — — — 21,565 Other assets — 5,457 — — 5,457 Total assets $ 756,837 $ 1,093,772 $ 1,015,244 $ (965,054 ) $ 1,900,799 Liabilities and Stockholders' Equity Current liabilities: Current maturities of capital lease obligations $ — $ 907 $ — $ — $ 907 Accounts payable — 71,617 — — 71,617 Accrued expenses 686 66,370 6,723 (4,667 ) 69,112 Other current liabilities — 32,685 5,002 (15,212 ) 22,475 Total current liabilities 686 171,579 11,725 (19,879 ) 164,111 Deferred rent — 87,003 — — 87,003 Long-term debt and capital lease obligations 221,083 81,043 787,979 — 1,090,105 Other long-term liabilities — 18,875 5,637 — 24,512 Total liabilities 221,769 358,500 805,341 (19,879 ) 1,365,731 Total stockholders' equity 535,068 735,272 209,903 (945,175 ) 535,068 Total liabilities and stockholders' equity $ 756,837 $ 1,093,772 $ 1,015,244 $ (965,054 ) $ 1,900,799 Deferred income taxes related to tax attributes of the Guarantor Subsidiaries and Non-Guarantor Subsidiaries are reflected under Conn's, Inc. Condensed Consolidated Statement of Operations for the Three Months Ended July 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Revenues: Total net sales $ — $ 296,313 $ — $ — $ 296,313 Finance charges and other revenues — 56,653 31,654 — 88,307 Servicing fee revenue — 3,035 — (3,035 ) — Total revenues — 356,001 31,654 (3,035 ) 384,620 Costs and expenses: Cost of goods sold — 173,627 — — 173,627 Selling, general and administrative expense — 115,515 8,210 (3,035 ) 120,690 Provision for bad debts — 29,868 20,883 — 50,751 Charges and credits — 300 — — 300 Total costs and expenses — 319,310 29,093 (3,035 ) 345,368 Operating income — 36,691 2,561 — 39,252 Interest expense 4,448 3,733 7,385 — 15,566 Loss on extinguishment of debt — 142 1,225 — 1,367 Income (loss) before income taxes (4,448 ) 32,816 (6,049 ) — 22,319 Provision (benefit) for income taxes (1,058 ) 7,805 (1,439 ) — 5,308 Net income (loss) (3,390 ) 25,011 (4,610 ) — 17,011 Income (loss) from consolidated subsidiaries 20,401 (4,610 ) — (15,791 ) — Consolidated net income (loss) $ 17,011 $ 20,401 $ (4,610 ) $ (15,791 ) $ 17,011 Condensed Consolidated Statement of Operations for the Three Months Ended July 31, 2017 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Revenues: Total net sales $ — $ 286,413 $ — $ — $ 286,413 Finance charges and other revenues — 40,279 39,955 — 80,234 Servicing fee revenue — 12,648 — (12,648 ) — Total revenues — 339,340 39,955 (12,648 ) 366,647 Costs and expenses: Cost of goods sold — 172,306 — — 172,306 Selling, general and administrative expense — 111,455 12,825 (12,648 ) 111,632 Provision for bad debts — 25,418 24,031 — 49,449 Charges and credits — 4,068 — — 4,068 Total costs and expenses — 313,247 36,856 (12,648 ) 337,455 Operating income — 26,093 3,099 — 29,192 Interest expense 4,443 743 14,853 — 20,039 Loss on extinguishment of debt — — 2,097 — 2,097 Income (loss) before income taxes (4,443 ) 25,350 (13,851 ) — 7,056 Provision (benefit) for income taxes (1,752 ) 9,998 (5,463 ) — 2,783 Net income (loss) (2,691 ) 15,352 (8,388 ) — 4,273 Income (loss) from consolidated subsidiaries 6,964 (8,388 ) — 1,424 — Consolidated net income (loss) $ 4,273 $ 6,964 $ (8,388 ) $ 1,424 $ 4,273 Condensed Consolidated Statement of Operations for the Six Months Ended July 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Revenues: Total net sales $ — $ 572,069 $ — $ — $ 572,069 Finance charges and other revenues — 102,308 68,630 — 170,938 Servicing fee revenue — 19,781 — (19,781 ) — Total revenues — 694,158 68,630 (19,781 ) 743,007 Costs and expenses: Cost of goods sold — 340,216 — — 340,216 Selling, general and administrative expense — 235,308 20,041 (19,781 ) 235,568 Provision for bad debts — 36,876 58,031 — 94,907 Charges and credits — 300 — — 300 Total costs and expenses — 612,700 78,072 (19,781 ) 670,991 Operating income (loss) — 81,458 (9,442 ) — 72,016 Interest expense 8,891 6,766 16,729 — 32,386 Loss on extinguishment of debt — 142 1,631 — 1,773 Income (loss) before income taxes (8,891 ) 74,550 (27,802 ) — 37,857 Provision (benefit) for income taxes (1,906 ) 15,979 (5,959 ) — 8,114 Net income (loss) (6,985 ) 58,571 (21,843 ) — 29,743 Income (loss) from consolidated subsidiaries 36,728 (21,843 ) — (14,885 ) — Consolidated net income (loss) $ 29,743 $ 36,728 $ (21,843 ) $ (14,885 ) $ 29,743 Condensed Consolidated Statement of Operations for the Six Months Ended July 31, 2017 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Revenues: Total net sales $ — $ 565,698 $ — $ — $ 565,698 Finance charges and other revenues — 77,077 79,698 — 156,775 Servicing fee revenue — 27,832 — (27,832 ) — Total revenues — 670,607 79,698 (27,832 ) 722,473 Costs and expenses: Cost of goods sold — 344,256 — — 344,256 Selling, general and administrative expense — 217,688 28,313 (27,832 ) 218,169 Provision for bad debts — 19,985 85,394 — 105,379 Charges and credits — 5,295 — — 5,295 Total costs and expenses — 587,224 113,707 (27,832 ) 673,099 Operating income (loss) — 83,383 (34,009 ) — 49,374 Interest expense 8,886 2,521 32,640 — 44,047 Loss on extinguishment of debt — 349 2,097 — 2,446 Income (loss) before income taxes (8,886 ) 80,513 (68,746 ) — 2,881 Provision (benefit) for income taxes (3,664 ) 33,200 (28,348 ) — 1,188 Net income (loss) (5,222 ) 47,313 (40,398 ) — 1,693 Income (loss) from consolidated subsidiaries 6,915 (40,398 ) — 33,483 — Consolidated net income (loss) $ 1,693 $ 6,915 $ (40,398 ) $ 33,483 $ 1,693 Condensed Consolidated Statement of Cash Flows for the Six Months Ended July 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ (834 ) $ (33 ) $ 156,519 $ — $ 155,652 Cash flows from investing activities: Purchase of customer accounts receivables — — (170,144 ) 170,144 — Sale of customer accounts receivables — — 170,144 (170,144 ) — Purchase of property and equipment — (12,166 ) — — (12,166 ) Net cash used in investing activities — (12,166 ) — — (12,166 ) Cash flows from financing activities: Payments on asset-backed notes — (169,803 ) (312,080 ) — (481,883 ) Borrowings from Revolving Credit Facility — 839,236 — — 839,236 Payments on Revolving Credit Facility — (655,036 ) — — (655,036 ) Borrowings from warehouse facility — — 173,286 — 173,286 Payments of debt issuance costs and amendment fees — (2,825 ) (714 ) — (3,539 ) Payments on warehouse facility — — (52,226 ) — (52,226 ) Proceeds from stock issued under employee benefit plans 834 — — — 834 Tax payments associated with equity- based compensation transactions — (2,516 ) — — (2,516 ) Payments from extinguishment of debt — (1,177 ) — — (1,177 ) Other — (531 ) — — (531 ) Net cash provided by (used in) financing activities 834 7,348 (191,734 ) — (183,552 ) Net change in cash, cash equivalents and restricted cash — (4,851 ) (35,215 ) — (40,066 ) Cash, cash equivalents and restricted cash, beginning of period — 10,836 85,322 — 96,158 Cash, cash equivalents and restricted cash, end of period $ — $ 5,985 $ 50,107 $ — $ 56,092 Condensed Consolidated Statement of Cash Flows for the Six Months Ended July 31, 2017 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ (1,905 ) $ (388,785 ) $ 481,231 $ — $ 90,541 Cash flows from investing activities: Purchase of customer accounts receivables — — (466,056 ) 466,056 — Sale of customer accounts receivables — 466,056 — (466,056 ) — Purchase of property and equipment — (6,135 ) — — (6,135 ) Net cash provided by (used in) investing activities — 459,921 (466,056 ) — (6,135 ) Cash flows from financing activities: Proceeds from issuance of asset-backed notes — — 469,814 — 469,814 Payments on asset-backed notes — (78,779 ) (504,520 ) — (583,299 ) Borrowings from Revolving Credit Facility — 844,941 — — 844,941 Payments on Revolving Credit Facility — (822,441 ) — — (822,441 ) Payments of debt issuance costs and amendment fees — (2,864 ) (4,731 ) — (7,595 ) Proceeds from stock issued under employee benefit plans 1,905 — — — 1,905 Tax payments associated with equity-based compensation transactions — (298 ) — — (298 ) Other — (243 ) — — (243 ) Net cash provided by (used in) financing activities 1,905 (59,684 ) (39,437 ) — (97,216 ) Net change in cash, cash equivalents and restricted cash — 11,452 (24,262 ) — (12,810 ) Cash, cash equivalents and restricted cash, beginning of period — 23,566 110,698 — 134,264 Cash, cash equivalents and restricted cash, end of period $ — $ 35,018 $ 86,436 $ — $ 121,454

Subsequent Events

Subsequent Events	6 Months Ended
	Jul. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 15, 2018, an affiliate of the Company ("the Issuer") completed the issuance and sale of asset-backed notes at a face amount of $358.3 million secured by the transferred customer accounts receivables and restricted cash held by a VIE, which resulted in net proceeds to us of $355.7 million , net of transaction costs and restricted cash held by the VIE. Net proceeds from the offering were used to repay indebtedness under the Company’s asset-based credit facility and for other general corporate purposes. The asset-backed notes mature on January 17, 2023 and consist of the Issuer’s 3.25% $219.2 million Asset Backed Fixed Rate Notes, Class A, Series 2018-A, 4.65% $69.6 million Asset Backed Fixed Rate Notes, Class B, Series 2018-A, and 6.02% $69.6 Asset Backed Fixed Rate Notes, Class C, Series 2018-A.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Business and Basis of Presentation	Business . Conn's, Inc., a Delaware corporation, is a holding company with no independent assets or operations other than its investments in its subsidiaries. References to “we,” “our,” “us,” “the Company,” “Conn’s” or “CONN” refer to Conn’s, Inc. and, as apparent from the context, its consolidated bankruptcy-remote variable interest entities (“VIEs”) and its wholly owned subsidiaries. Conn's is a leading specialty retailer that offers a broad selection of quality, branded durable consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers. We operate an integrated and scalable business through our retail stores and website. Our complementary product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from leading global brands across a wide range of price points. Our credit offering provides financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. We operate two reportable segments: retail and credit. Our retail stores bear the “Conn's HomePlus” name with all of our stores providing the same products and services to a common customer group. Our stores follow the same procedures and methods in managing their operations. Our retail business and credit business are operated independently from each other. The credit segment is dedicated to providing short- and medium-term financing to our retail customers. The retail segment is not involved in credit approval decisions. Our management evaluates performance and allocates resources based on the operating results of the retail and credit segments. Basis of Presentation. The accompanying unaudited, Condensed Consolidated Financial Statements of Conn's, Inc. and its wholly-owned subsidiaries, including the VIEs, have been prepared by management in accordance with generally accepted accounting principles in the United States of America ( “ GAAP”) and prevailing industry practice for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, we do not include all of the information and footnotes required by GAAP 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. The condensed consolidated financial position, results of operations and cash flows for these interim periods are not necessarily indicative of the results that may be expected in future periods. The balance sheet at January 31, 2018 has been derived from the audited financial statements at that date. The financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2018 (the “2018 Form 10-K”), filed with the United States Securities and Exchange Commission (the “SEC”) on April 5, 2018.
Fiscal Year	Fiscal Year. Our fiscal year ends on January 31. References to a fiscal year refer to the calendar year in which the fiscal year ends.
Principles of Consolidation	Principles of Consolidation . The consolidated financial statements include the accounts of Conn's, Inc. and its wholly-owned subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation.
Variable Interest Entity	Variable Interest Entities. VIEs are consolidated if the Company is the primary beneficiary. The primary beneficiary of a VIE is the party that has (i) the power to direct the activities that most significantly impact the performance of the VIE and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. We securitize customer accounts receivables by transferring the receivables to various bankruptcy-remote VIEs. We retain the servicing of the securitized portfolio and have a variable interest in each corresponding VIE by holding the residual equity. We have determined that we are the primary beneficiary of each respective VIE because (i) our servicing responsibilities for the securitized portfolio give us the power to direct the activities that most significantly impact the performance of the VIE and (ii) our variable interest in the VIE gives us the obligation to absorb losses and the right to receive residual returns that potentially could be significant. As a result, we consolidate the respective VIEs within our consolidated financial statements. Refer to Note 5, Debt and Capital Lease Obligations , and Note 7, Variable Interest Entities , for additional information.
Use of Estimates	Use of Estimates . The preparation of financial statements in accordance with GAAP requires management to make informed judgments and estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ, even significantly, from these estimates. Management evaluates its estimates and related assumptions regularly, including those related to the allowance for doubtful accounts and allowances for no-interest option credit programs, which are particularly sensitive given the size of our customer portfolio balance.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents . As of July 31, 2018 , cash and cash equivalents included cash and credit card deposits in transit. As of January 31, 2018 , cash and cash equivalents included cash, credit card deposits in transit, and highly liquid debt instruments purchased with a maturity of three months or less. Cash and cash equivalents included credit card deposits in transit of $2.2 million and $2.0 million as of July 31, 2018 and January 31, 2018 , respectively. Restricted Cash. The restricted cash balance as of July 31, 2018 and January 31, 2018 includes $38.3 million and $58.1 million , respectively, of cash we collected as servicer on the securitized receivables that was subsequently remitted to the VIEs and $11.8 million and $27.2 million , respectively, of cash held by the VIEs as additional collateral for the asset-backed notes.
Customer Accounts Receivable	Customer Accounts Receivable. Customer accounts receivable reported in the Condensed Consolidated Balance Sheet includes total receivables managed, including both those transferred to the VIEs and those not transferred to the VIEs. Customer accounts receivable are recognized at the time the customer takes possession of the product. Based on contractual terms, we record the amount of principal and accrued interest on customer receivables that is expected to be collected within the next twelve months in current assets with the remaining balance in long-term assets on the Condensed Consolidated Balance Sheet. Customer accounts receivable includes the net of unamortized deferred fees charged to customers and origination costs. 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 along with interest accrued subsequent to the last payment. In an effort to mitigate losses on our accounts receivable, we may make loan modifications to a borrower experiencing financial difficulty. In our role as servicer, we may also make modifications to loans held by the VIEs. 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 us. We may extend or “re-age” a portion of our customer accounts, which involves modifying the payment terms to defer a portion of the cash payments due. Our re-aging of customer accounts does not change the interest rate or the total principal amount due from the customer and typically does not reduce the monthly contractual payments. To a much lesser extent, we may provide the customer the ability to re-age their obligation by refinancing the account, which does not change the interest rate or the total principal amount due from the customer but does reduce the monthly contractual payments and extend the term. We consider accounts that have been re-aged in excess of three months or refinanced as Troubled Debt Restructurings (“TDR” or “Restructured Accounts”).
Interest Income on Customer Accounts Receivable	Interest Income on Customer Accounts Receivable . Interest income, which includes interest income and amortization of deferred fees and origination costs, is recorded using the interest method and is reflected in finance charges and other revenues. Typically, interest income is recorded until the customer account is paid off or charged-off, and we provide an allowance for estimated uncollectible interest. Any contractual interest income received from customers in excess of the interest income calculated using the interest method is recorded as deferred revenue on our balance sheets. At July 31, 2018 and January 31, 2018 , there was $12.0 million and $12.5 million , respectively, of deferred interest included in deferred revenues and other credits and other long-term liabilities. The deferred interest will ultimately be brought into income as the accounts pay off or charge-off. We offer a 12 month no -interest option program. If the customer is delinquent in making a scheduled monthly payment or does not repay the principal in full by the end of the no-interest option program period (grace periods are provided), the account does not qualify for the no-interest provision and none of the interest earned is waived. Interest income is recognized based on estimated accrued interest earned to date on all no -interest option finance programs with an offsetting reserve for those customers expected to satisfy the requirements of the program based on our historical experience. We recognize 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 such that it equals the present value of expected future cash flows. We typically only place accounts in non-accrual status when legally required. Payments received on non-accrual loans will be applied to principal and reduce the balance of the loan. At July 31, 2018 , customer receivables carried in non-accrual status were $17.4 million , of which $11.6 million were in bankruptcy status and less than 60 days past due. At January 31, 2018 , customer receivables carried in non-accrual status were $16.9 million , of which $14.5 million were in bankruptcy status and less than 60 days past due. At July 31, 2018 and January 31, 2018 , customer receivables that were past due 90 days or more and still accruing interest totaled $96.7 million and $109.7 million , respectively.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts. The determination of the amount of the allowance for bad debts is, by nature, highly complex and subjective. Future events that are inherently uncertain could result in material changes to the level of the allowance for bad debts. General economic conditions, changes to state or federal regulations and a variety of other factors that affect the ability of borrowers to service their debts or our ability to collect will impact the future performance of the portfolio. We establish an allowance for doubtful accounts, including estimated uncollectible interest, to cover probable and estimable losses on our customer accounts receivable resulting from the failure of customers to make contractual payments. Our customer portfolio balance consists of a large number of relatively small, homogeneous accounts. None of our accounts are large enough to warrant individual evaluation for impairment. We record an allowance for doubtful accounts on our non-TDR customer accounts receivable that we expect to charge-off over the next 12 months based on historical gross charge-off rates over the last 24 months. We incorporate an adjustment to historical gross charge-off rates for a scaled factor of the year-over-year change in six month average first payment default rates and the year-over-year change in the balance of customer accounts receivable that are 60 days or more past due. In addition to adjusted historical gross charge-off rates, estimates of post-charge-off recoveries, including cash payments from customers, amounts realized from the repossession of the products financed, sales tax recoveries from taxing jurisdictions, and payments received under credit insurance policies are also considered. Qualitative adjustments are made to the allowance for bad debts when, based on management’s judgment, there are internal or external factors impacting probable incurred losses not taken into account by the quantitative calculations. These qualitative considerations are based on the following factors: changes in lending policies and procedures, changes in economic and business conditions, changes in the nature and volume of the portfolio, changes in lending management, changes in credit quality statistics, changes in concentrations of credit, and other internal or external factor changes. We utilize an economic qualitative adjustment based on changes in unemployment rates if current unemployment rates in our markets are worse than they were on average over the last 24 months. We also qualitatively limit the impact of changes in first payment default rates and changes in delinquency when those changes result in a decrease to the allowance for bad debts based on a measure of the dispersion of historical charge-off rates. At July 31, 2018, we utilized a qualitative factor related to changes in the nature of the portfolio. We determine allowances for those accounts that are TDR based on the discounted present value of cash flows expected to be collected over the life of those accounts based primarily on the performance of TDR loans over the last 24 months. The cash flows are discounted based on the weighted-average effective interest rate of the TDR accounts. The excess of the carrying amount over the discounted cash flow amount is recorded as an allowance for loss on those accounts.
Debt Issuance Costs	Debt Issuance Costs. Costs that are direct and incremental to debt issuance are deferred and amortized to interest expense using the effective interest method over the expected life of the debt. All other costs related to debt issuance are expensed as incurred. We present debt issuance costs associated with long-term debt as a reduction of the carrying amount of the debt. Unamortized costs related to the Revolving Credit Facility, as defined in Note 5, Debt and Capital Lease Obligations , are included in other assets on our Condensed Consolidated Balance Sheet and were $7.0 million and $5.2 million as of July 31, 2018 and January 31, 2018 , respectively.
Income Taxes	Income Taxes. For the six months ended July 31, 2018 and 2017, we utilized the estimated annual effective tax rate based on our estimated fiscal year 2019 and 2018 pre-tax income, respectively, in determining income tax expense. Provision for income taxes for interim periods is based on an estimated annual income tax rate, adjusted for discrete tax items. As a result, our interim effective tax rates may vary significantly from the statutory tax rate and the annual effective tax rate. On December 22, 2017, H.R. 1, originally known as the Tax Cuts and Jobs Act (the “Tax Act”), was signed into law. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowered the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. For the three months ended January 31, 2018, we calculated our best estimate of the impact of the Tax Act in our fiscal year 2018 provision for income taxes in accordance with our understanding of the Tax Act and available guidance as of that date. We continue to analyze additional information and guidance related to the Tax Act as supplemental legislation, regulatory guidance and evolving technical interpretations become available. We will continue to refine such amounts within the measurement period as provided by Staff Accounting Bulletin No. 118 and expect to complete our analysis no later than the fourth quarter of fiscal year 2019. For the six months ended July 31, 2018 and 2017, the effective tax rate was 21.4% and 41.2% , respectively. The primary factors affecting our effective tax rate for the six months ended July 31, 2018 were a decrease in the Federal Tax Rate as a result of the Tax Act, an increase in pre-tax earnings, and excess tax benefits related to the vesting of equity compensation.
Share-based Compensation	Stock-based Compensation. Stock-based compensation expense is recorded, net of estimated forfeitures, for share-based compensation awards over the requisite service period using the straight-line method. An adjustment is made to compensation cost for any difference between the estimated forfeitures and the actual forfeitures related to the awards. For equity-classified share-based compensation awards, expense is recognized based on the grant-date fair value. For stock option grants, we use the Black-Scholes model to determine fair value. For grants of restricted stock units, the fair value of the grant is the market value of our stock at the date of issuance.
Earnings per Share	Earnings per Share . Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share includes the dilutive effects of any stock options, RSUs and PSUs, which is calculated using the treasury-stock method.
Fair Value of Financial Instruments	Fair Value of Financial Instruments . Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are categorized using defined hierarchical levels related to subjectivity associated with the inputs to fair value measurements as follows: • Level 1 – Inputs represent unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (for example, quoted market prices for similar assets or liabilities in active markets or quoted market prices for identical assets or liabilities in markets not considered to be active, inputs other than quoted prices that are observable for the asset or liability, or market-corroborated inputs). • Level 3 – Inputs that are not observable from objective sources such as our internally developed assumptions used in pricing an asset or liability (for example, an estimate of future cash flows used in our internally developed present value of future cash flows model that underlies the fair-value measurement). In determining fair value, we use observable market data when available, or models that incorporate observable market data. When we are required to measure fair value and there is not a market-observable price for the asset or liability or for a similar asset or liability, we use the cost or income approach depending on the quality of information available to support management’s assumptions. The cost approach is based on management’s best estimate of the current asset replacement cost. The income approach is based on management’s best assumptions regarding expectations of future net cash flows and discounts the expected cash flows using a commensurate risk-adjusted discount rate. Such evaluations involve significant judgment, and the results are based on expected future events or conditions such as sales prices, economic and regulatory climates, and other factors, most of which are often outside of management’s control. However, we believe assumptions used reflect a market participant’s view of long-term prices, costs, and other factors and are consistent with assumptions used in our business plans and investment decisions. In arriving at fair-value estimates, we use relevant observable inputs available for the valuation technique employed. If a fair-value measurement reflects inputs at multiple levels within the hierarchy, the fair-value measurement is characterized based on the lowest level of input that is significant to the fair-value measurement. The fair value of cash and cash equivalents, restricted cash 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, which includes the allowance for doubtful accounts. The fair value of our Revolving Credit Facility approximates carrying value based on the current borrowing rate for similar types of borrowing arrangements. At July 31, 2018 , the fair value of the Senior Notes outstanding, which was determined using Level 1 inputs, was $227.9 million as compared to the carrying value of $227.0 million , excluding the impact of the related discount. At July 31, 2018 , the fair value of the asset-backed notes approximates their carrying value and was determined using Level 2 inputs based on inactive trading activity.
Recent Accounting Pronouncements Adopted and Recent Accounting Pronouncements Yet To Be Adopted	We recognized a net after-tax cumulative effect adjustment to retained earnings of $1.0 million as of the date of adoption. The details of our current revenue recognition policy, as well as the change due to ASC Topic 606, are described below. Revenue Recognition . The Company has the following material revenue streams: the sale of products (e.g. appliances, electronics) including delivery; the sale of third party warranty and insurance programs, including retrospective income; service income; interest income generated from the financing of point of sale transactions; and volume rebate incentives received from a third party financer. Interest income related to our customer accounts receivable balance and loan origination costs (including sales commissions) meet the scope exception of ASC 606 and are therefore not impacted by the adoption of this standard. For our twelve month no-interest option program, as a practical expedient acceptable under ASC 606, we do not adjust for the time value of money. Sale of Products Including Delivery : The Company has a single performance obligation associated with these contracts: the delivery of the product to the customer, at which point control transfers. Revenue for the sale of products is recognized at the time of delivery, net of any adjustments for sales incentives such as discounts, coupons, rebates or other free products or services. Sales financed through third-party no-interest option programs typically require us to pay a fee to the third party on each completed sale, which is recorded as a reduction of net sales in the retail segment. Sale of Third Party Warranty and Insurance Programs, Including Retrospective Income: We sell repair service agreements (“RSA”) and credit insurance contracts on behalf of unrelated third-parties. The Company has a single performance obligation associated with these contracts: the delivery of the product to the customer, at which point control transfers. Commissions related to these contracts are recognized in revenue upon delivery of the product. We also may serve as the administrator of the RSAs sold and defer 5% of the revenue received from the sale of RSAs as compensation for this performance obligation as 5% represents the estimated stand-alone sales price to serve as the administrator. The deferred RSA administration fee is recorded in income ratably over the life of the RSA contract sold. Retrospective income on RSA contracts is recognized upon delivery of the product based on an estimate of claims and is adjusted throughout the life of the contracts as actual claims materialize. Retrospective income on insurance contracts is recognized when earned as that is the point at which we no longer believe a significant reversal of income is probable as the consideration is highly susceptible to factors outside of our influence. Service Income: The Company has a single performance obligation associated with these contracts: the servicing of the RSA claims. Service revenues are recognized at the time service is provided to the customer. Volume Rebate Incentive: As part of our agreement with our third-party provider of no-interest option programs, we may receive a volume rebate incentive based on the total dollar value of sales made under our third-party provider. The Company has a single performance obligations associated with this contract: the delivery of the product to the customer, at which point control transfers. Revenue for the volume rebate incentive is recognized upon delivery of the product to the customer based on the projected total annual dollar value of sales to be made under our third-party provider. ASC 606 requires disaggregation of revenue recognized from contracts with customers to depict how the nature, amount, timing and uncertainty of revenue is affected by economic factors. The Company concluded that the disaggregated discrete financial information presented in Note 8, Segment Reporting , and Note 4, Finance Charges and Other Revenues , reviewed by our chief operating decision maker in evaluating the financial performance of our operating segments adequately addresses the disaggregation of revenue requirements of ASC 606. Deferred Revenue. Deferred revenue related to contracts with customers as defined by ASC 606 consists of deferred customer deposits and deferred RSA administration fees. During the three and six months ended July 31, 2018 , we recognized $1.5 million and $1.8 million , respectively, of revenue for customer deposits as of the beginning of those periods. During the three and six months ended July 31, 2018 , we recognized $1.4 million and $2.7 million respectively, of revenue for RSA administrative fees deferred as of the beginning of those periods. Changes in Revenue Recognition Due to ASC 606. The adoption of ASC 606 resulted in a change to our accounting policy related to retrospective income on RSAs. We participate in profit sharing agreements with the underwriters of our RSA products, payment from which is contingent upon the actual performance of the portfolio of the RSAs sold. Prior to the adoption of ASC 606, we recognized this revenue and related receivable as the amount due to us at each reporting date based on the performance of the portfolio through such date. The Company concluded that this retrospective income represents variable consideration under ASC 606 for which the Company’s performance obligation is satisfied when the RSA is sold to the customer. Under ASC 606, an estimate of variable consideration, subject to constraints, is to be included in the transaction price and recognized when or as the performance obligation is satisfied. As a result of the adoption of ASC 606, the Company changed its accounting policy related to retrospective income on RSAs to record an estimate of retrospective income when the RSA is sold, subject to constraints in the estimate. The Company's estimate of the amount of variable consideration is recorded as a contract asset, representing a conditional right to payment, and is included within other accounts receivable in the Condensed Consolidated Balance Sheet. The estimated contract asset will be reassessed at the end of each reporting period, with changes thereto recorded as adjustments to revenue. The cumulative effect of the changes made to the Company’s Condensed Consolidated Balance Sheet as a result of the adoption of ASC 606 were as follows (in thousands): Impact of Adoption of ASC 606 (in thousands) Balance at January 31, 2018 Adjustments due to ASC 606 Balance at February 1, 2018 Assets Other Accounts Receivable $ 71,186 $ 1,210 $ 72,396 Deferred Income Taxes 21,565 (254 ) 21,311 Stockholder's Equity $ 535,068 $ 956 $ 536,024 The adoption of ASC 606 did not have a material impact on the consolidated financial statements for the three and six months ended July 31, 2018 and no comparative financial statements are presented. Internal Controls. As a result of the adoption of ASC 606 we evaluated our internal control framework, and there have been no changes in our internal controls over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) . ASU 2016-18 requires that the statement of cash flows provides the change in the total of cash, cash equivalents, and restricted cash or restricted cash equivalents. We hold restricted cash related to our asset backed security transactions and lending license requirements. Effective February 1, 2018, the Company adopted the ASU which resulted in us no longer presenting the changes in restricted cash balances as a component of cash flows from financing activities but instead include the balances of both current and long-term restricted cash with cash and cash equivalents in total cash, cash equivalents and restricted cash for the beginning and end of the periods presented. The total cash flow impact for the six months ended July 31, 2017 was an increase in the cash used in financing activities of $24.3 million . The balances of cash and cash equivalents and restricted cash are separately presented within the Condensed Consolidated Balance Sheet as of July 31, 2018 and January 31, 2018. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) . ASU 2016-15 clarifies guidance on the classification of certain cash receipts and payments in the statement of cash flows to reduce diversity in practice. Among other things, debt prepayment or debt extinguishment costs will be presented as cash outflows for financing activities on the statement of cash flow. Effective February 1, 2018, the Company adopted the ASU, which resulted in us no longer presenting the change in debt extinguishment costs as a component of cash flows from operating activities but instead include the change as a component of cash flows from financing activities. The adoption of this ASU resulted in the classification of $1.2 million in payments on extinguishment of debt as a cash outflow from financing activities for the six months ended July 31, 2018. There was no impact for the six months ended July 31, 2017. Recent Accounting Pronouncements Yet To Be Adopted. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which will change how lessees account for leases. For most leases, a liability will be recorded on the balance sheet based on the present value of future lease obligations with a corresponding right-of-use asset. Primarily for those leases currently classified by us as operating leases, we will recognize a single lease cost on a straight line basis based on the combined amortization of the lease obligation and the right-of-use asset. Other leases will be required to be accounted for as financing arrangements similar to how we currently account for capital leases. On transition, we will recognize a cumulative-effect adjustment to the retained earnings on the opening balance sheet in the period of adoption using a modified retrospective approach. The final standard will become effective for us beginning in the first quarter of fiscal year 2020. Based on our preliminary assessment, we believe the adoption of this ASU will have a material impact on our financial statements as we will be required to report additional leases on our Condensed Consolidated Balance Sheet. We are the lessee under various lease agreements for our retail stores and equipment that are currently accounted for as operating leases as discussed in Note 8, Leases, of our audited Consolidated Financial Statements included in our 2018 Form 10-K. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The standard will become effective for us in the first quarter of fiscal year 2021 and early adoption is permitted beginning in the first quarter of fiscal year 2020. We have formed a cross-functional working group comprised of individuals from various functional areas including credit, finance, accounting, and information technology. While we are currently evaluating the likely impact the adoption of this ASU will have on our consolidated financial statements, the adoption of ASU 2016-13 is likely to result in a material increase in the allowance for loan losses as a result of changing from an “incurred loss” model, which encompasses allowances for current known and inherent losses within the portfolio, to an “expected loss” model, which encompasses allowances for losses expected to be incurred over the life of the portfolio.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
RSUs, PSUs and stock options granted during the period	The following table sets forth the restricted stock unit awards (“RSUs”), performance stock awards (“PSUs”) and stock options granted during the three and six months ended July 31, 2018 and 2017 : Three Months Ended Six Months Ended 2018 2017 2018 2017 RSUs (1) 69,478 318,806 149,889 643,293 PSUs (2) — 72,012 — 501,012 Stock Options (3) — — 620,166 — Total stock awards granted 69,478 390,818 770,055 1,144,305 Aggregate grant date fair value (in thousands) $ 1,673 $ 6,785 $ 17,184 $ 14,546 (1) The RSUs issued during the three and six months ended July 31, 2018 and 2017 are scheduled to vest ratably over periods of three to four years from the date of grant. (2) The PSUs issued during the three and six months ended July 31, 2017 will vest, if at all, upon the certification, after fiscal year 2020, by the compensation committee of the satisfaction of the annual and cumulative Earnings Before Interest, Taxes, Depreciation and Amortization performance conditions over the three fiscal years commencing with fiscal year 2018. (3) The weighted-average assumptions for the option awards granted during the six months ended July 31, 2018 included expected volatility of 68.0% , an expected term of 6.5 years and risk-free interest rate of 2.67% . No dividend yield was included in the weighted-average assumptions for the option awards granted during the six months ended July 31, 2018 .
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 during the period. Diluted earnings per share includes the dilutive effects of any stock options, RSUs and PSUs, 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 Six Months Ended 2018 2017 2018 2017 Weighted-average common shares outstanding - Basic 31,652,017 31,093,746 31,597,225 31,033,880 Dilutive effect of stock options, RSUs and PSUs 590,446 340,755 613,534 258,425 Weighted-average common shares outstanding - Diluted 32,242,463 31,434,501 32,210,759 31,292,305
Cumulative effect of the changes for adoption of Topic 606	The cumulative effect of the changes made to the Company’s Condensed Consolidated Balance Sheet as a result of the adoption of ASC 606 were as follows (in thousands): Impact of Adoption of ASC 606 (in thousands) Balance at January 31, 2018 Adjustments due to ASC 606 Balance at February 1, 2018 Assets Other Accounts Receivable $ 71,186 $ 1,210 $ 72,396 Deferred Income Taxes 21,565 (254 ) 21,311 Stockholder's Equity $ 535,068 $ 956 $ 536,024

Customer Accounts Receivable (T

Customer Accounts Receivable (Tables)	6 Months Ended
	Jul. 31, 2018
Receivables [Abstract]
Allowance for doubtful accounts and uncollectible interest for customer receivables	Customer accounts receivable consisted of the following: Total Outstanding Balance Customer Accounts Receivable 60 Days Past Due (1) Re-aged (1) (2) (in thousands) July 31, January 31, July 31, January 31, July 31, January 31, Customer accounts receivable $ 1,338,498 $ 1,374,269 $ 94,722 $ 114,120 $ 196,964 $ 217,952 Restructured accounts 169,863 153,593 41,499 37,687 169,863 153,593 Total customer portfolio balance $ 1,508,361 $ 1,527,862 $ 136,221 $ 151,807 $ 366,827 $ 371,545 Allowance for uncollectible accounts (203,609 ) (203,572 ) Allowances for no-interest option credit programs (19,060 ) (20,960 ) Deferred fees and origination costs, net (16,189 ) (15,897 ) Total customer accounts receivable, net 1,269,503 1,287,433 Short-term portion of customer accounts receivable, net (622,009 ) (636,825 ) Long-term portion of customer accounts receivable, net $ 647,494 $ 650,608 Securitized receivables held by the VIEs $ 592,279 $ 1,085,385 $ 70,148 $ 124,627 $ 228,234 $ 300,348 Receivables not held by the VIEs 916,082 442,477 66,073 27,180 138,593 71,197 Total customer portfolio balance $ 1,508,361 $ 1,527,862 $ 136,221 $ 151,807 $ 366,827 $ 371,545 (1) Due to the fact that an account can become past due after having been re-aged, accounts could be represented as both past due and re-aged. As of July 31, 2018 and January 31, 2018 , the amounts included within both 60 days past due and re-aged was $82.9 million and $80.8 million , respectively. As of July 31, 2018 and January 31, 2018 , the total customer portfolio balance past due one day or greater was $400.3 million and $401.0 million , respectively. These amounts include the 60 days past due balances shown. (2) The re-aged receivables balance as of July 31, 2018 and January 31, 2018 includes $41.6 million and $62.0 million in first time re-ages related to customers within FEMA-designated Hurricane Harvey disaster areas.
Activity in the allowance for doubtful accounts and uncollectible interest for customer receivables	The following presents the activity in the allowance for doubtful accounts and uncollectible interest for customer receivables: Six Months Ended July 31, 2018 Six Months Ended July 31, 2017 (in thousands) Customer Accounts Receivable Restructured Accounts Total Customer Accounts Receivable Restructured Accounts Total Allowance at beginning of period $ 148,856 $ 54,716 $ 203,572 $ 158,992 $ 51,183 $ 210,175 Provision (1) 85,117 33,146 118,263 92,285 33,208 125,493 Principal charge-offs (2) (82,124 ) (25,264 ) (107,388 ) (92,251 ) (26,159 ) (118,410 ) Interest charge-offs (16,161 ) (4,972 ) (21,133 ) (14,911 ) (4,228 ) (19,139 ) Recoveries (2) 7,873 2,422 10,295 3,534 1,002 4,536 Allowance at end of period $ 143,561 $ 60,048 $ 203,609 $ 147,649 $ 55,006 $ 202,655 Average total customer portfolio balance $ 1,340,360 $ 162,951 $ 1,503,311 $ 1,356,569 $ 139,106 $ 1,495,675 (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). Recoveries include principal collections of previously charged-off balances. Net charge-offs are calculated as the net of principal charge-offs and recoveries.

Charges and Credits (Tables)

Charges and Credits (Tables)	6 Months Ended
	Jul. 31, 2018
Charges and Credits [Abstract]
Schedule of Charges and Credits	Charges and credits consisted of the following: Three Months Ended Six Months Ended (in thousands) 2018 2017 2018 2017 Facility closure costs $ — $ 122 $ — $ 1,349 Securities-related regulatory matter and other legal fees 300 34 300 34 Employee severance — 1,317 — 1,317 Indirect tax audit reserve — 2,595 — 2,595 $ 300 $ 4,068 $ 300 $ 5,295

Finance Charges and Other Rev20

Finance Charges and Other Revenue (Tables)	6 Months Ended
	Jul. 31, 2018
Supplemental Disclosure of Finance Charges and Other Revenue [Abstract]
Schedule of finance charges and other revenues	Finance charges and other revenues consisted of the following: Three Months Ended Six Months Ended (in thousands) 2018 2017 2018 2017 Interest income and fees $ 80,435 $ 69,490 $ 156,781 $ 136,621 Insurance income 7,774 10,652 14,045 19,982 Other revenues 98 92 112 172 $ 88,307 $ 80,234 $ 170,938 $ 156,775

Debt and Capital Lease Obliga21

Debt and Capital Lease Obligations (Tables)	6 Months Ended
	Jul. 31, 2018
Debt Disclosure [Abstract]
Long-term Debt	Debt and capital lease obligations consisted of the following: (in thousands) July 31, January 31, Revolving Credit Facility $ 261,200 $ 77,000 Senior Notes 227,000 227,000 2016-B VIE Asset-backed Class B Notes — 73,589 2017-A VIE Asset-backed Class A Notes — 59,794 2017-A VIE Asset-backed Class B Notes — 106,270 2017-A VIE Asset-backed Class C Notes — 50,340 2017-B VIE Asset-backed Class A Notes 99,595 292,663 2017-B VIE Asset-backed Class B Notes 132,180 132,180 2017-B VIE Asset-backed Class C Notes 78,640 78,640 Warehouse Notes 121,060 — Capital lease obligations 4,927 4,949 Total debt and capital lease obligations 924,602 1,102,425 Less: Discount on debt (2,247 ) (2,527 ) Deferred debt issuance costs (5,125 ) (8,886 ) Current maturities of capital lease obligations (1,149 ) (907 ) Long-term debt and capital lease obligations $ 916,081 $ 1,090,105
Schedule of Asset-backed Notes	The asset-backed notes consist of the following: Asset-Backed Notes Original Principal Amount Original Net Proceeds (1) Current Principal Amount Issuance Date Maturity Date Fixed Interest Rate Effective Interest Rate (2) 2017-B Class A Notes $ 361,400 $ 358,945 $ 99,595 12/20/2017 7/15/2020 2.73% 5.14% 2017-B Class B Notes 132,180 131,281 132,180 12/20/2017 4/15/2021 4.52% 5.23% 2017-B Class C Notes 78,640 77,843 78,640 12/20/2017 11/15/2022 5.95% 6.35% Warehouse Notes 121,060 118,972 121,060 7/16/2018 1/15/2020 Index + 2.50% (3) 7.62% Total $ 693,280 $ 687,041 $ 431,475 (1) After giving effect to debt issuance costs and restricted cash held by the VIEs. (2) For the six months ended July 31, 2018, and inclusive of retrospective adjustments to deferred debt issuance costs based on changes in timing of actual and expected cash flows. (3) The rate on the Warehouse Notes is defined as the applicable index plus a 2.50% fixed margin.
Covenant Compliance	A summary of the significant financial covenants that govern our Revolving Credit Facility compared to our actual compliance status at July 31, 2018 is presented below: Actual Required Minimum/ Maximum Interest Coverage Ratio for the quarter must equal or exceed (minimum) 3.75:1.00 1.00:1.00 Interest Coverage Ratio for the trailing two quarters must equal or exceed (minimum) 3.36:1.00 1.50:1.00 Leverage Ratio must not exceed (maximum) 2.07:1.00 4.00:1.00 ABS Excluded Leverage Ratio must not exceed (maximum) 1.40:1.00 2.00:1.00 Capital Expenditures, net, must not exceed (maximum) $13.5 million $100.0 million

Variable Interest Entity (Table

Variable Interest Entity (Tables)	6 Months Ended
	Jul. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of assets and liabilities held by the VIE	The following table presents the assets and liabilities held by the VIEs (for legal purposes, the assets and liabilities of the VIEs will remain distinct from Conn's, Inc.): (in thousands) July 31, January 31, Assets: Restricted cash $ 50,107 $ 85,322 Due from Conn's, Inc., net 4,528 15,212 Customer accounts receivable: Customer accounts receivable 496,586 987,418 Restructured accounts 95,693 97,967 Allowance for uncollectible accounts (88,589 ) (143,115 ) Allowances for no-interest option credit programs (8,442 ) (18,228 ) Deferred fees and origination costs (4,607 ) (9,332 ) Total customer accounts receivable, net 490,641 914,710 Total assets $ 545,276 $ 1,015,244 Liabilities: Accrued expenses $ 3,425 $ 6,723 Other liabilities 6,111 10,639 Long-term debt: 2016-B Class B Notes — 73,589 2017-A Class A Notes — 59,794 2017-A Class B Notes — 106,270 2017-A Class C Notes — 50,340 2017-B Class A Notes 99,595 292,663 2017-B Class B Notes 132,180 132,180 2017-B Class C Notes 78,640 78,640 Warehouse Notes 121,060 — 431,475 793,476 Less: deferred debt issuance costs (2,112 ) (5,497 ) Total long-term debt 429,363 787,979 Total liabilities $ 438,899 $ 805,341

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jul. 31, 2018
Segment Reporting [Abstract]
Financial information by segment	Financial information by segment is presented in the following tables: Three Months Ended July 31, 2018 Three Months Ended July 31, 2017 (in thousands) Retail Credit Total Retail Credit Total Revenues: Furniture and mattress $ 97,066 $ — $ 97,066 $ 95,297 $ — $ 95,297 Home appliance 91,471 — 91,471 89,085 — 89,085 Consumer electronic 55,654 — 55,654 52,946 — 52,946 Home office 19,289 — 19,289 17,862 — 17,862 Other 3,699 — 3,699 4,403 — 4,403 Product sales 267,179 — 267,179 259,593 — 259,593 Repair service agreement commissions 25,662 — 25,662 23,519 — 23,519 Service revenues 3,472 — 3,472 3,301 — 3,301 Total net sales 296,313 — 296,313 286,413 — 286,413 Finance charges and other revenues 98 88,209 88,307 92 80,142 80,234 Total revenues 296,411 88,209 384,620 286,505 80,142 366,647 Costs and expenses: Cost of goods sold 173,627 — 173,627 172,306 — 172,306 Selling, general and administrative expense (1) 83,003 37,687 120,690 78,667 32,965 111,632 Provision for bad debts 243 50,508 50,751 165 49,284 49,449 Charges and credits 300 — 300 4,068 — 4,068 Total costs and expense 257,173 88,195 345,368 255,206 82,249 337,455 Operating income (loss) 39,238 14 39,252 31,299 (2,107 ) 29,192 Interest expense — 15,566 15,566 — 20,039 20,039 Loss on extinguishment of debt — 1,367 1,367 — 2,097 2,097 Income (loss) before income taxes $ 39,238 $ (16,919 ) $ 22,319 $ 31,299 $ (24,243 ) $ 7,056 Six Months Ended July 31, 2018 Six Months Ended July 31, 2017 (in thousands) Retail Credit Total Retail Credit Total Revenues: Furniture and mattress $ 194,086 $ — $ 194,086 $ 189,740 $ — $ 189,740 Home appliance 169,494 — 169,494 169,207 — 169,207 Consumer electronic 107,956 — 107,956 108,699 — 108,699 Home office 37,599 — 37,599 34,650 — 34,650 Other 7,358 — 7,358 8,659 — 8,659 Product sales 516,493 — 516,493 510,955 — 510,955 Repair service agreement commissions 48,525 — 48,525 48,215 — 48,215 Service revenues 7,051 — 7,051 6,528 — 6,528 Total net sales 572,069 — 572,069 565,698 — 565,698 Finance charges and other revenues 112 170,826 170,938 172 156,603 156,775 Total revenues 572,181 170,826 743,007 565,870 156,603 722,473 Costs and expenses: Cost of goods sold 340,216 — 340,216 344,256 — 344,256 Selling, general and administrative expense (1) 160,755 74,813 235,568 152,614 65,555 218,169 Provision for bad debts 503 94,404 94,907 395 104,984 105,379 Charges and credits 300 — 300 5,295 — 5,295 Total costs and expense 501,774 169,217 670,991 502,560 170,539 673,099 Operating income (loss) 70,407 1,609 72,016 63,310 (13,936 ) 49,374 Interest expense — 32,386 32,386 — 44,047 44,047 Loss on extinguishment of debt — 1,773 1,773 — 2,446 2,446 Income (loss) before income taxes $ 70,407 $ (32,550 ) $ 37,857 $ 63,310 $ (60,429 ) $ 2,881 (1) For the three months ended July 31, 2018 and 2017 , the amount of corporate overhead allocated to each segment reflected in selling, general and administrative expense was $9.3 million and $7.7 million , respectively. For the three months ended July 31, 2018 and 2017 , the amount of reimbursement made to the retail segment by the credit segment was $9.4 million and $9.2 million , respectively. For the six months ended July 31, 2018 and 2017 , the amount of corporate overhead allocated to each segment reflected in selling, general and administrative expense was $ 17.6 million and $14.2 million , respectively. For the six months ended July 31, 2018 and 2017 , the amount of reimbursement made to the retail segment by the credit segment was $ 18.8 million and $18.7 million respectively.

Guarantor Financial Informati24

Guarantor Financial Information (Tables)	6 Months Ended
	Jul. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidated Balance Sheet	(in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 4,435 $ — $ — $ 4,435 Restricted cash — 1,550 50,107 — 51,657 Customer accounts receivable, net of allowances — 351,382 270,627 — 622,009 Other accounts receivable — 87,797 — — 87,797 Inventories — 195,728 — — 195,728 Other current assets — 16,961 4,528 (6,954 ) 14,535 Total current assets — 657,853 325,262 (6,954 ) 976,161 Investment in and advances to subsidiaries 768,987 106,377 — (875,364 ) — Long-term portion of customer accounts receivable, net of allowances — 427,480 220,014 — 647,494 Property and equipment, net — 142,631 — — 142,631 Deferred income taxes 23,086 — — — 23,086 Other assets — 7,129 — — 7,129 Total assets $ 792,073 $ 1,341,470 $ 545,276 $ (882,318 ) $ 1,796,501 Liabilities and Stockholders' Equity Current liabilities: Current maturities of capital lease obligations $ — $ 1,149 $ — $ — $ 1,149 Accounts payable — 85,001 — — 85,001 Accrued expenses 686 91,385 3,425 (2,426 ) 93,070 Other current liabilities — 24,585 2,706 (4,528 ) 22,763 Total current liabilities 686 202,120 6,131 (6,954 ) 201,983 Deferred rent — 85,255 — — 85,255 Long-term debt and capital lease obligations 221,740 264,978 429,363 — 916,081 Other long-term liabilities — 20,130 3,405 — 23,535 Total liabilities 222,426 572,483 438,899 (6,954 ) 1,226,854 Total stockholders' equity 569,647 768,987 106,377 (875,364 ) 569,647 Total liabilities and stockholders' equity $ 792,073 $ 1,341,470 $ 545,276 $ (882,318 ) $ 1,796,501 Deferred income taxes related to tax attributes of the Guarantor Subsidiaries and Non-Guarantor Subsidiaries are reflected under Conn's, Inc. Condensed Consolidated Balance Sheet as of January 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 9,286 $ — $ — $ 9,286 Restricted cash — 1,550 85,322 — 86,872 Customer accounts receivable, net of allowances — 177,117 459,708 — 636,825 Other accounts receivable — 71,186 — — 71,186 Inventories — 211,894 — — 211,894 Other current assets — 68,621 15,212 (19,879 ) 63,954 Total current assets — 539,654 560,242 (19,879 ) 1,080,017 Investment in and advances to subsidiaries 735,272 209,903 — (945,175 ) — Long-term portion of customer accounts receivable, net of allowances — 195,606 455,002 — 650,608 Property and equipment, net — 143,152 — — 143,152 Deferred income taxes 21,565 — — — 21,565 Other assets — 5,457 — — 5,457 Total assets $ 756,837 $ 1,093,772 $ 1,015,244 $ (965,054 ) $ 1,900,799 Liabilities and Stockholders' Equity Current liabilities: Current maturities of capital lease obligations $ — $ 907 $ — $ — $ 907 Accounts payable — 71,617 — — 71,617 Accrued expenses 686 66,370 6,723 (4,667 ) 69,112 Other current liabilities — 32,685 5,002 (15,212 ) 22,475 Total current liabilities 686 171,579 11,725 (19,879 ) 164,111 Deferred rent — 87,003 — — 87,003 Long-term debt and capital lease obligations 221,083 81,043 787,979 — 1,090,105 Other long-term liabilities — 18,875 5,637 — 24,512 Total liabilities 221,769 358,500 805,341 (19,879 ) 1,365,731 Total stockholders' equity 535,068 735,272 209,903 (945,175 ) 535,068 Total liabilities and stockholders' equity $ 756,837 $ 1,093,772 $ 1,015,244 $ (965,054 ) $ 1,900,799
Condensed Consolidated Statement of Operations	Condensed Consolidated Statement of Operations for the Three Months Ended July 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Revenues: Total net sales $ — $ 296,313 $ — $ — $ 296,313 Finance charges and other revenues — 56,653 31,654 — 88,307 Servicing fee revenue — 3,035 — (3,035 ) — Total revenues — 356,001 31,654 (3,035 ) 384,620 Costs and expenses: Cost of goods sold — 173,627 — — 173,627 Selling, general and administrative expense — 115,515 8,210 (3,035 ) 120,690 Provision for bad debts — 29,868 20,883 — 50,751 Charges and credits — 300 — — 300 Total costs and expenses — 319,310 29,093 (3,035 ) 345,368 Operating income — 36,691 2,561 — 39,252 Interest expense 4,448 3,733 7,385 — 15,566 Loss on extinguishment of debt — 142 1,225 — 1,367 Income (loss) before income taxes (4,448 ) 32,816 (6,049 ) — 22,319 Provision (benefit) for income taxes (1,058 ) 7,805 (1,439 ) — 5,308 Net income (loss) (3,390 ) 25,011 (4,610 ) — 17,011 Income (loss) from consolidated subsidiaries 20,401 (4,610 ) — (15,791 ) — Consolidated net income (loss) $ 17,011 $ 20,401 $ (4,610 ) $ (15,791 ) $ 17,011 Condensed Consolidated Statement of Operations for the Three Months Ended July 31, 2017 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Revenues: Total net sales $ — $ 286,413 $ — $ — $ 286,413 Finance charges and other revenues — 40,279 39,955 — 80,234 Servicing fee revenue — 12,648 — (12,648 ) — Total revenues — 339,340 39,955 (12,648 ) 366,647 Costs and expenses: Cost of goods sold — 172,306 — — 172,306 Selling, general and administrative expense — 111,455 12,825 (12,648 ) 111,632 Provision for bad debts — 25,418 24,031 — 49,449 Charges and credits — 4,068 — — 4,068 Total costs and expenses — 313,247 36,856 (12,648 ) 337,455 Operating income — 26,093 3,099 — 29,192 Interest expense 4,443 743 14,853 — 20,039 Loss on extinguishment of debt — — 2,097 — 2,097 Income (loss) before income taxes (4,443 ) 25,350 (13,851 ) — 7,056 Provision (benefit) for income taxes (1,752 ) 9,998 (5,463 ) — 2,783 Net income (loss) (2,691 ) 15,352 (8,388 ) — 4,273 Income (loss) from consolidated subsidiaries 6,964 (8,388 ) — 1,424 — Consolidated net income (loss) $ 4,273 $ 6,964 $ (8,388 ) $ 1,424 $ 4,273 Condensed Consolidated Statement of Operations for the Six Months Ended July 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Revenues: Total net sales $ — $ 572,069 $ — $ — $ 572,069 Finance charges and other revenues — 102,308 68,630 — 170,938 Servicing fee revenue — 19,781 — (19,781 ) — Total revenues — 694,158 68,630 (19,781 ) 743,007 Costs and expenses: Cost of goods sold — 340,216 — — 340,216 Selling, general and administrative expense — 235,308 20,041 (19,781 ) 235,568 Provision for bad debts — 36,876 58,031 — 94,907 Charges and credits — 300 — — 300 Total costs and expenses — 612,700 78,072 (19,781 ) 670,991 Operating income (loss) — 81,458 (9,442 ) — 72,016 Interest expense 8,891 6,766 16,729 — 32,386 Loss on extinguishment of debt — 142 1,631 — 1,773 Income (loss) before income taxes (8,891 ) 74,550 (27,802 ) — 37,857 Provision (benefit) for income taxes (1,906 ) 15,979 (5,959 ) — 8,114 Net income (loss) (6,985 ) 58,571 (21,843 ) — 29,743 Income (loss) from consolidated subsidiaries 36,728 (21,843 ) — (14,885 ) — Consolidated net income (loss) $ 29,743 $ 36,728 $ (21,843 ) $ (14,885 ) $ 29,743 Condensed Consolidated Statement of Operations for the Six Months Ended July 31, 2017 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Revenues: Total net sales $ — $ 565,698 $ — $ — $ 565,698 Finance charges and other revenues — 77,077 79,698 — 156,775 Servicing fee revenue — 27,832 — (27,832 ) — Total revenues — 670,607 79,698 (27,832 ) 722,473 Costs and expenses: Cost of goods sold — 344,256 — — 344,256 Selling, general and administrative expense — 217,688 28,313 (27,832 ) 218,169 Provision for bad debts — 19,985 85,394 — 105,379 Charges and credits — 5,295 — — 5,295 Total costs and expenses — 587,224 113,707 (27,832 ) 673,099 Operating income (loss) — 83,383 (34,009 ) — 49,374 Interest expense 8,886 2,521 32,640 — 44,047 Loss on extinguishment of debt — 349 2,097 — 2,446 Income (loss) before income taxes (8,886 ) 80,513 (68,746 ) — 2,881 Provision (benefit) for income taxes (3,664 ) 33,200 (28,348 ) — 1,188 Net income (loss) (5,222 ) 47,313 (40,398 ) — 1,693 Income (loss) from consolidated subsidiaries 6,915 (40,398 ) — 33,483 — Consolidated net income (loss) $ 1,693 $ 6,915 $ (40,398 ) $ 33,483 $ 1,693
Condensed Consolidated Statement of Cash Flows	Condensed Consolidated Statement of Cash Flows for the Six Months Ended July 31, 2018 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ (834 ) $ (33 ) $ 156,519 $ — $ 155,652 Cash flows from investing activities: Purchase of customer accounts receivables — — (170,144 ) 170,144 — Sale of customer accounts receivables — — 170,144 (170,144 ) — Purchase of property and equipment — (12,166 ) — — (12,166 ) Net cash used in investing activities — (12,166 ) — — (12,166 ) Cash flows from financing activities: Payments on asset-backed notes — (169,803 ) (312,080 ) — (481,883 ) Borrowings from Revolving Credit Facility — 839,236 — — 839,236 Payments on Revolving Credit Facility — (655,036 ) — — (655,036 ) Borrowings from warehouse facility — — 173,286 — 173,286 Payments of debt issuance costs and amendment fees — (2,825 ) (714 ) — (3,539 ) Payments on warehouse facility — — (52,226 ) — (52,226 ) Proceeds from stock issued under employee benefit plans 834 — — — 834 Tax payments associated with equity- based compensation transactions — (2,516 ) — — (2,516 ) Payments from extinguishment of debt — (1,177 ) — — (1,177 ) Other — (531 ) — — (531 ) Net cash provided by (used in) financing activities 834 7,348 (191,734 ) — (183,552 ) Net change in cash, cash equivalents and restricted cash — (4,851 ) (35,215 ) — (40,066 ) Cash, cash equivalents and restricted cash, beginning of period — 10,836 85,322 — 96,158 Cash, cash equivalents and restricted cash, end of period $ — $ 5,985 $ 50,107 $ — $ 56,092 Condensed Consolidated Statement of Cash Flows for the Six Months Ended July 31, 2017 : (in thousands) Conn's, Inc. Guarantors Non-guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ (1,905 ) $ (388,785 ) $ 481,231 $ — $ 90,541 Cash flows from investing activities: Purchase of customer accounts receivables — — (466,056 ) 466,056 — Sale of customer accounts receivables — 466,056 — (466,056 ) — Purchase of property and equipment — (6,135 ) — — (6,135 ) Net cash provided by (used in) investing activities — 459,921 (466,056 ) — (6,135 ) Cash flows from financing activities: Proceeds from issuance of asset-backed notes — — 469,814 — 469,814 Payments on asset-backed notes — (78,779 ) (504,520 ) — (583,299 ) Borrowings from Revolving Credit Facility — 844,941 — — 844,941 Payments on Revolving Credit Facility — (822,441 ) — — (822,441 ) Payments of debt issuance costs and amendment fees — (2,864 ) (4,731 ) — (7,595 ) Proceeds from stock issued under employee benefit plans 1,905 — — — 1,905 Tax payments associated with equity-based compensation transactions — (298 ) — — (298 ) Other — (243 ) — — (243 ) Net cash provided by (used in) financing activities 1,905 (59,684 ) (39,437 ) — (97,216 ) Net change in cash, cash equivalents and restricted cash — 11,452 (24,262 ) — (12,810 ) Cash, cash equivalents and restricted cash, beginning of period — 23,566 110,698 — 134,264 Cash, cash equivalents and restricted cash, end of period $ — $ 35,018 $ 86,436 $ — $ 121,454

Summary of Significant Accoun25

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2018USD ($)segment	Jul. 31, 2017	Jan. 31, 2018USD ($)
Debt Instrument [Line Items]
Number of operating segments | segment	2
Cash and Cash Equivalents and Restricted Cash
Cash and cash equivalents include credit card deposits in-transit	$ 2,200		$ 2,000
Restricted cash	51,657		86,872
Interest Income on Customer Accounts Receivable
Deferred revenue	12,000		12,500
Nonaccrual status	17,400		16,900
Amount in bankruptcy and less than 60 days past due	11,600		14,500
90 days past due and still accruing	96,700		109,700
Debt Issuance Costs
Deferred debt issuance costs	$ 5,125		8,886
Income Taxes
Effective tax rate	21.40%	41.20%
Fair Value of Financial Instruments
Long-term debt	$ 431,475
Senior Notes [Member]
Fair Value of Financial Instruments
Debt fair value	227,900
Secured Debt [Member]
Fair Value of Financial Instruments
Long-term debt	227,000
Revolving Credit Facility [Member]
Debt Issuance Costs
Deferred debt issuance costs	7,000		5,200
Securitized Receivables Servicer [Member]
Cash and Cash Equivalents and Restricted Cash
Restricted cash	11,800		27,200
Collateral Held by VIE [Member]
Cash and Cash Equivalents and Restricted Cash
Restricted cash	$ 38,300		$ 58,100

Summary of Significant Accoun26

Summary of Significant Accounting Policies - Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock awards granted (in shares)	69,478	390,818	770,055	1,144,305
Aggregate grant date fair value	$ 1,673	$ 6,785	$ 17,184	$ 14,546
Dividend yield			0.00%
Stock-based compensation expense	$ 3,100	$ 2,600	$ 5,562	$ 4,188
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				4 years
(RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs and PSUs (in shares)	69,478	318,806	149,889	643,293
(PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs and PSUs (in shares)	0	72,012	0	501,012
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options (in shares)	0	0	620,166	0
Expected volatility rate			68.00%
Expected term			6 years 6 months
Risk free interest rate			2.67%

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Earnings per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted average common shares outstanding - Basic (in shares)	31,652,017	31,093,746	31,597,225	31,033,880
Weighted average common shares outstanding - Diluted (in shares)	32,242,463	31,434,501	32,210,759	31,292,305
Weighted average number of stock options and restricted stock units not included in the calculation of the dilutive effect of stock options and restricted stock units (in shares)	624,291	386,130	497,224	546,102
Stock Option [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock options, RSUs and PSUs (in shares)	590,446	340,755	613,534	258,425

Summary of Significant Accoun28

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jul. 31, 2018	Jul. 31, 2018	Jul. 31, 2017	Feb. 01, 2018	Jan. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred revenue	$ 12,000,000	$ 12,000,000			$ 12,500,000
Other accounts receivable	87,797,000	87,797,000			71,186,000
Deferred income taxes	23,086,000	23,086,000			21,565,000
Stockholder's Equity	569,647,000	569,647,000			535,068,000
Net cash provided by (used in) financing activities		(183,552,000)	$ (97,216,000)
Payment for debt extinguishment		1,177,000	0
Customer Deposits [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred revenue, revenue recognized	$ 1,500,000	$ 1,800,000
RSA Administration Fees [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percent of revenue deferred	5.00%	5.00%
Deferred revenue, revenue recognized	$ 1,400,000	$ 2,700,000
Topic 606 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative impact on adoption of ASU				$ 1,000,000
Other accounts receivable				72,396,000
Deferred income taxes				21,311,000
Stockholder's Equity				536,024,000
Topic 606 [Member] | Balance at January 31, 2018 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other accounts receivable					71,186,000
Deferred income taxes					21,565,000
Stockholder's Equity					$ 535,068,000
Topic 606 [Member] | Adjustments due to Topic 606 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other accounts receivable				1,210,000
Deferred income taxes				(254,000)
Stockholder's Equity				$ 956,000
ASU 2016-18 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash provided by (used in) financing activities			24,300,000
ASU 2016-15 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative impact on adoption of ASU			$ 0

Customer Accounts Receivable (D

Customer Accounts Receivable (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jan. 31, 2018	Jul. 31, 2017
Total Outstanding Balance
Customer accounts receivable			$ 1,508,361	$ 1,527,862
60 Days Past Due			136,221	151,807
Reaged			366,827	371,545
Allowance for uncollectible accounts	$ (203,572)	$ (210,175)	(203,609)	(203,572)	$ (202,655)
Allowances for no-interest option credit programs			(19,060)	(20,960)
Deferred fees and origination costs, net			(16,189)	(15,897)
Total customer accounts receivable, net			1,269,503	1,287,433
Short-term portion of customer accounts receivable, net			(622,009)	(636,825)
Long-term portion of customer accounts receivable, net			647,494	650,608
Amounts included within past due and reaged accounts			82,900	80,800
Past due			400,300	401,000
Reaged			41,600	62,000
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]
Allowance at beginning of period	203,572	210,175
Provision	118,263	125,493
Principal charge-offs	(107,388)	(118,410)
Interest charge-offs	(21,133)	(19,139)
Recoveries	10,295	4,536
Allowance at end of period	203,609	202,655
Average total customer portfolio balance			1,503,311		1,495,675
Excluding VIE [Member]
Total Outstanding Balance
Customer accounts receivable			916,082	442,477
60 Days Past Due			66,073	27,180
Reaged			138,593	71,197
Variable Interest Entity [Member]
Total Outstanding Balance
Customer accounts receivable			592,279	1,085,385
60 Days Past Due			70,148	124,627
Reaged			228,234	300,348
Allowance for uncollectible accounts	(143,115)		(88,589)	(143,115)
Allowances for no-interest option credit programs			(8,442)	(18,228)
Deferred fees and origination costs, net			(4,607)	(9,332)
Total customer accounts receivable, net			490,641	914,710
Short-term portion of customer accounts receivable, net			(270,627)	(459,708)
Long-term portion of customer accounts receivable, net			220,014	455,002
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]
Allowance at beginning of period	143,115
Allowance at end of period	88,589
Customer Accounts Receivable [Member]
Total Outstanding Balance
Customer accounts receivable			1,338,498	1,374,269
60 Days Past Due			94,722	114,120
Reaged			196,964	217,952
Allowance for uncollectible accounts	(148,856)	(158,992)	(143,561)	(148,856)	(147,649)
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]
Allowance at beginning of period	148,856	158,992
Provision	85,117	92,285
Principal charge-offs	(82,124)	(92,251)
Interest charge-offs	(16,161)	(14,911)
Recoveries	7,873	3,534
Allowance at end of period	143,561	147,649
Average total customer portfolio balance			1,340,360		1,356,569
Restructured Accounts [Member]
Total Outstanding Balance
Customer accounts receivable			169,863	153,593
60 Days Past Due			41,499	37,687
Reaged			169,863	153,593
Allowance for uncollectible accounts	(54,716)	(51,183)	(60,048)	$ (54,716)	(55,006)
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]
Allowance at beginning of period	54,716	51,183
Provision	33,146	33,208
Principal charge-offs	(25,264)	(26,159)
Interest charge-offs	(4,972)	(4,228)
Recoveries	2,422	1,002
Allowance at end of period	$ 60,048	$ 55,006
Average total customer portfolio balance			$ 162,951		$ 139,106

Charges and Credits (Details)

Charges and Credits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Charges and Credits [Abstract]
Facility closure costs	$ 0	$ 122	$ 0	$ 1,349
Legal Fees	300	34	300	34
Severance Costs	0	1,317	0	1,317
Indirect Tax Audit Reserve	0	2,595	0	2,595
Charges and credits	$ 300	$ 4,068	$ 300	$ 5,295

Finance Charges and Other Rev31

Finance Charges and Other Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items]
Interest income and fees	$ 80,435	$ 69,490	$ 156,781	$ 136,621
Insurance income	7,774	10,652	14,045	19,982
Other revenues	98	92	112	172
Finance charges and other	88,307	80,234	170,938	156,775
Provisions for uncollectible interest	12,400	10,500	23,900	20,500
Financing Receivable [Member]
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items]
Interest income and fees	$ 6,500	$ 4,600	$ 12,300	$ 9,100

Debt and Capital Lease Obliga32

Debt and Capital Lease Obligations - Schedule of Debt and Capital Lease Obligations (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018
Long-term debt [Abstract]
Long-term debt	$ 431,475
Capital lease obligations	4,927	$ 4,949
Total debt and capital lease obligations	924,602	1,102,425
Less:
Discount on debt	(2,247)	(2,527)
Deferred debt issuance costs	(5,125)	(8,886)
Current maturities of long-term debt and capital lease obligations	(1,149)	(907)
Long-term debt and capital lease obligations	916,081	1,090,105
2017-B Class A Notes [Member]
Long-term debt [Abstract]
Long-term debt	99,595
2017-B Class B Notes [Member]
Long-term debt [Abstract]
Long-term debt	132,180
2017-B Class C Notes [Member]
Long-term debt [Abstract]
Long-term debt	78,640
Warehouse Notes [Member]
Long-term debt [Abstract]
Long-term debt	121,060	0
Senior Notes [Member]
Long-term debt [Abstract]
Long-term debt	227,000	227,000
Secured Debt [Member] | 2016-B Class B Notes [Member]
Long-term debt [Abstract]
Long-term debt	0	73,589
Secured Debt [Member] | 2017-A Class A Notes [Member]
Long-term debt [Abstract]
Long-term debt	0	59,794
Secured Debt [Member] | 2017-A Class B Notes [Member]
Long-term debt [Abstract]
Long-term debt	0	106,270
Secured Debt [Member] | 2017-A Class C Notes [Member]
Long-term debt [Abstract]
Long-term debt	0	50,340
Secured Debt [Member] | 2017-B Class A Notes [Member]
Long-term debt [Abstract]
Long-term debt	99,595	292,663
Secured Debt [Member] | 2017-B Class B Notes [Member]
Long-term debt [Abstract]
Long-term debt	132,180	132,180
Secured Debt [Member] | 2017-B Class C Notes [Member]
Long-term debt [Abstract]
Long-term debt	78,640	78,640
Revolving Credit Facility [Member]
Less:
Deferred debt issuance costs	(7,000)	(5,200)
Revolving Credit Facility [Member] | Line of Credit [Member]
Long-term debt [Abstract]
Long-term debt	$ 261,200	$ 77,000

Debt and Capital Lease Obliga33

Debt and Capital Lease Obligations - Senior Notes (Details)	Jul. 31, 2018USD ($)exception	Jul. 01, 2014USD ($)
Debt Instrument [Line Items]
Original Principal Amount	$ 693,280,000
Senior Notes [Member] | Senior Unsecured Notes Due July 2022 [Member]
Debt Instrument [Line Items]
Original Principal Amount		$ 250,000,000
Interest rate on notes (in hundredths)		7.25%
Effective interest rate		7.80%
Number of exceptions for limitations | exception	2
Restricted payment basket amount	$ 375,000,000
Leverage ratio	2.50
Restrictions on payment of dividends, amount free from restriction	$ 200,500,000
Trigger amount under indenture		$ 25,000,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Restrictions on payment of dividends, amount free from restriction	$ 212,300,000

Debt and Capital Lease Obliga34

Debt and Capital Lease Obligations - Asset Backed Notes (Details) - USD ($)	Jul. 16, 2018	Feb. 15, 2018	Dec. 20, 2017	Jul. 31, 2018	Jan. 31, 2018
Debt Instrument [Line Items]
Original Principal Amount				$ 693,280,000
Original Net Proceeds				687,041,000
Current Principal Amount				431,475,000
2017-A Class A Notes [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Current Principal Amount				0	$ 59,794,000
Redemption amount	$ 127,200,000
Payments to redeem debt	119,000,000
Adjustments	8,200,000
Write off debt issuance costs	1,200,000
2017-A Class B Notes [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Current Principal Amount				0	106,270,000
2017-A Class C Notes [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Current Principal Amount				0	50,340,000
2017-B Class A Notes [Member]
Debt Instrument [Line Items]
Original Principal Amount				361,400,000
Original Net Proceeds			$ 358,945,000
Current Principal Amount				$ 99,595,000
Fixed Interest Rate				2.73%
Effective interest rate				5.14%
2017-B Class A Notes [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Current Principal Amount				$ 99,595,000	292,663,000
2017-B Class B Notes [Member]
Debt Instrument [Line Items]
Original Principal Amount				132,180,000
Original Net Proceeds			131,281,000
Current Principal Amount				$ 132,180,000
Fixed Interest Rate				4.52%
Effective interest rate				5.23%
2017-B Class B Notes [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Current Principal Amount				$ 132,180,000	132,180,000
2017-B Class C Notes [Member]
Debt Instrument [Line Items]
Original Principal Amount				78,640,000
Original Net Proceeds			$ 77,843,000
Current Principal Amount				$ 78,640,000
Fixed Interest Rate				5.95%
Effective interest rate				6.35%
2017-B Class C Notes [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Current Principal Amount				$ 78,640,000	78,640,000
Warehouse Notes [Member]
Debt Instrument [Line Items]
Original Principal Amount		$ 52,200,000		121,060,000
Original Net Proceeds		118,972,000
Current Principal Amount				$ 121,060,000	0
Fixed Interest Rate				2.50%
Effective interest rate				7.62%
2016-B Class B Notes [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Current Principal Amount				$ 0	$ 73,589,000
Redemption amount		73,600,000
Payments to redeem debt		50,300,000
Adjustments		$ 23,300,000
Write off debt issuance costs				$ 400,000
Additional Funding [Member]
Debt Instrument [Line Items]
Original Principal Amount	$ 121,100,000
Asset-backed Securities [Member]
Debt Instrument [Line Items]
Monthly fee percentage on outstanding balance				4.75%	4.75%

Debt and Capital Lease Obliga35

Debt and Capital Lease Obligations - Revolving Credit Facility (Details)	May 22, 2018USD ($)	Jul. 31, 2018USD ($)	Jul. 31, 2018USD ($)	May 23, 2018USD ($)	Jan. 31, 2018USD ($)
Line of Credit Facility [Line Items]
Interest Coverage Ratio for the trailing two quarters must equal or exceed (minimum)			3.36
Interest Coverage Ratio must equal or exceed minimum			1
Original Principal Amount		$ 693,280,000	$ 693,280,000
Deferred debt issuance costs		5,125,000	5,125,000		$ 8,886,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Deferred debt issuance costs		7,000,000	7,000,000		$ 5,200,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum capacity extended under credit facility	$ 750,000,000	$ 650,000,000	$ 650,000,000	$ 650,000,000
Borrowing base availability block	$ 10,000,000
Maximum accounts receivable advance rate	75.00%			80.00%
Decrease in commitment fee	0.25%
Unused capacity fee percentage	0.75%	0.50%
Maximum inventory component	$ 175,000,000
Maximum inventory component percent	33.33%
Interest Coverage Ratio for the trailing two quarters must equal or exceed (minimum)		1.5
Interest Coverage Ratio must equal or exceed minimum		1
Maximum capital expenditures	$ 75,000,000			$ 100,000,000
Weighted-average interest rate		6.50%	6.50%
Restrictions on payment of dividends, amount free from restriction		$ 212,300,000	$ 212,300,000
Line of Credit [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Unused capacity fee percentage			0.25%
Line of Credit [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Unused capacity fee percentage			0.50%
Line of Credit [Member] | Revolving Credit Facility [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Variable basis spread		1.00%
Line of Credit [Member] | Revolving Credit Facility [Member] | Alternate Base Rate [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Variable basis spread		1.50%
Line of Credit [Member] | Revolving Credit Facility [Member] | Alternate Base Rate [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Variable basis spread		2.25%
Line of Credit [Member] | Revolving Credit Facility [Member] | Federal Funds Rate [Member]
Line of Credit Facility [Line Items]
Variable basis spread		0.50%
Line of Credit [Member] | Letter of Credit [Member]
Line of Credit Facility [Line Items]
Original Principal Amount		$ 40,000,000	$ 40,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Sub-facility for letters of credit		2,800,000	2,800,000
Available borrowing capacity		366,600,000	366,600,000
Additional remaining borrowing capacity		$ 19,400,000	$ 19,400,000
Revolving Credit Facility [Member] | LIBOR [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Variable basis spread		2.50%
Revolving Credit Facility [Member] | LIBOR [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Variable basis spread		3.25%

Debt and Capital Lease Obliga36

Debt and Capital Lease Obligations - Debt Covenants (Details) $ in Millions	6 Months Ended
	Jul. 31, 2018USD ($)
Actual
Interest Coverage Ratio must equal or exceed minimum	3.75
Interest Coverage Ratio for the trailing two quarters must equal or exceed (minimum)	3.36
Leverage Ratio must not exceed maximum	2.07
ABS Excluded Leverage Ratio must not exceed maximum	1.40
Capital Expenditures, net, must not exceed maximum	$ 13.5
Required Minimum/ Maximum
Interest Coverage Ratio must equal or exceed minimum	1
Interest Coverage Ratio for the trailing two quarters must equal or exceed (minimum)	1.50
Leverage Ratio must not exceed maximum	4
ABS Excluded Leverage Ratio must not exceed maximum	2
Capital Expenditures, net, must not exceed maximum	$ 100
Determination period	12 months

Contingencies (Details)

Contingencies (Details) - False and Misleading Statements and Failure to Disclosure Adverse Information [Member] $ in Millions	Jun. 14, 2018USD ($)	Jun. 30, 2015allegation	Jul. 31, 2018defendant	May 05, 2014claim
Loss Contingencies [Line Items]
Number of pending actions | claim				3
Number of allegations dismissed in claim | allegation		78
Number of allegations in claim | allegation		91
Accrued Expenses [Member]
Loss Contingencies [Line Items]
Litigation settlement for class action | $	$ 22.5
Other Accounts Receivables [Member]
Loss Contingencies [Line Items]
Offsettig receivable from insurance carriers | $	$ 22.5
Executive Officer [Member]
Loss Contingencies [Line Items]
Number of defendants | defendant			2

Variable Interest Entity (Detai

Variable Interest Entity (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018	Jul. 31, 2017	Jan. 31, 2017
Assets:
Restricted cash	$ 51,657	$ 86,872
Customer accounts receivable:
Allowance for uncollectible accounts	(203,609)	(203,572)	$ (202,655)	$ (210,175)
Allowances for no-interest option credit programs	19,060	20,960
Deferred fees and origination costs, net	(16,189)	(15,897)
Total customer accounts receivable, net	1,269,503	1,287,433
Total assets	1,796,501	1,900,799
Current maturities of long-term debt:
Current maturities of long-term debt and capital lease obligations	1,149	907
Total long-term debt	431,475
Less: deferred debt issuance costs	(5,125)	(8,886)
Long-term debt	916,081	1,090,105
Total liabilities	1,226,854	1,365,731
2017-B Class A Notes [Member]
Current maturities of long-term debt:
Total long-term debt	99,595
2017-B Class B Notes [Member]
Current maturities of long-term debt:
Total long-term debt	132,180
2017-B Class C Notes [Member]
Current maturities of long-term debt:
Total long-term debt	78,640
Warehouse Notes [Member]
Current maturities of long-term debt:
Total long-term debt	121,060	0
Secured Debt [Member] | 2016-B Class B Notes [Member]
Current maturities of long-term debt:
Total long-term debt	0	73,589
Secured Debt [Member] | 2017-A Class A Notes [Member]
Current maturities of long-term debt:
Total long-term debt	0	59,794
Secured Debt [Member] | 2017-A Class B Notes [Member]
Current maturities of long-term debt:
Total long-term debt	0	106,270
Secured Debt [Member] | 2017-A Class C Notes [Member]
Current maturities of long-term debt:
Total long-term debt	0	50,340
Secured Debt [Member] | 2017-B Class A Notes [Member]
Current maturities of long-term debt:
Total long-term debt	99,595	292,663
Secured Debt [Member] | 2017-B Class B Notes [Member]
Current maturities of long-term debt:
Total long-term debt	132,180	132,180
Secured Debt [Member] | 2017-B Class C Notes [Member]
Current maturities of long-term debt:
Total long-term debt	78,640	78,640
Variable Interest Entity [Member]
Assets:
Restricted cash	50,107	85,322
Due from Conn's, Inc., net	4,528	15,212
Customer accounts receivable:
Customer accounts receivable	496,586	987,418
Restructured accounts	95,693	97,967
Allowance for uncollectible accounts	(88,589)	(143,115)
Allowances for no-interest option credit programs	8,442	18,228
Deferred fees and origination costs, net	(4,607)	(9,332)
Total customer accounts receivable, net	490,641	914,710
Total assets	545,276	1,015,244
Liabilities:
Accrued expenses	3,425	6,723
Other liabilities	6,111	10,639
Current maturities of long-term debt:
Current maturities of long-term debt and capital lease obligations	0	0
Total long-term debt	429,363	787,979
Less: deferred debt issuance costs	(2,112)	(5,497)
Long-term debt	431,475	793,476
Total liabilities	$ 438,899	$ 805,341

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018USD ($)storestate	Jul. 31, 2017USD ($)	Jul. 31, 2018USD ($)segmentstorestate	Jul. 31, 2017USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			2
Estimated annual rate of reimbursement (in hundredths)			2.50%
Number of states with retail stores | state	14		14
Revenues:
Product sales	$ 267,179	$ 259,593	$ 516,493	$ 510,955
Repair service agreement commissions	25,662	23,519	48,525	48,215
Service revenues	3,472	3,301	7,051	6,528
Total net sales	296,313	286,413	572,069	565,698
Finance charges and other revenues	88,307	80,234	170,938	156,775
Total revenues	384,620	366,647	743,007	722,473
Costs and expenses:
Cost of goods sold	173,627	172,306	340,216	344,256
Selling, general and administrative expense	120,690	111,632	235,568	218,169
Provision for bad debts	50,751	49,449	94,907	105,379
Charges and credits	300	4,068	300	5,295
Total costs and expenses	345,368	337,455	670,991	673,099
Operating income	39,252	29,192	72,016	49,374
Interest expense	15,566	20,039	32,386	44,047
Loss on extinguishment of debt	1,367	2,097	1,773	2,446
Income (loss) before income taxes	22,319	7,056	37,857	2,881
Allocation of overhead by operating segments	9,300	7,700	17,600	14,200
Intersegment Eliminations [Member]
Revenues:
Total revenues	9,400	9,200	18,800	18,700
Retail [Member]
Revenues:
Product sales	267,179	259,593	516,493	510,955
Repair service agreement commissions	25,662	23,519	48,525	48,215
Service revenues	3,472	3,301	7,051	6,528
Total net sales	296,313	286,413	572,069	565,698
Finance charges and other revenues	98	92	112	172
Total revenues	296,411	286,505	572,181	565,870
Costs and expenses:
Cost of goods sold	173,627	172,306	340,216	344,256
Selling, general and administrative expense	83,003	78,667	160,755	152,614
Provision for bad debts	243	165	503	395
Charges and credits	300	4,068	300	5,295
Total costs and expenses	257,173	255,206	501,774	502,560
Operating income	39,238	31,299	70,407	63,310
Interest expense	0	0	0	0
Loss on extinguishment of debt	0	0	0	0
Income (loss) before income taxes	39,238	31,299	70,407	63,310
Credit [Member]
Revenues:
Product sales	0	0	0	0
Repair service agreement commissions	0	0	0	0
Service revenues	0	0	0	0
Total net sales	0	0	0	0
Finance charges and other revenues	88,209	80,142	170,826	156,603
Total revenues	88,209	80,142	170,826	156,603
Costs and expenses:
Cost of goods sold	0	0	0	0
Selling, general and administrative expense	37,687	32,965	74,813	65,555
Provision for bad debts	50,508	49,284	94,404	104,984
Charges and credits	0	0	0	0
Total costs and expenses	88,195	82,249	169,217	170,539
Operating income	14	(2,107)	1,609	(13,936)
Interest expense	15,566	20,039	32,386	44,047
Loss on extinguishment of debt	1,367	2,097	1,773	2,446
Income (loss) before income taxes	(16,919)	(24,243)	(32,550)	(60,429)
Furniture and Mattress [Member]
Revenues:
Product sales	97,066	95,297	194,086	189,740
Furniture and Mattress [Member] | Retail [Member]
Revenues:
Product sales	97,066	95,297	194,086	189,740
Furniture and Mattress [Member] | Credit [Member]
Revenues:
Product sales	0	0	0	0
Home Appliance [Member]
Revenues:
Product sales	91,471	89,085	169,494	169,207
Home Appliance [Member] | Retail [Member]
Revenues:
Product sales	91,471	89,085	169,494	169,207
Home Appliance [Member] | Credit [Member]
Revenues:
Product sales	0	0	0	0
Consumer Electronic [Member]
Revenues:
Product sales	55,654	52,946	107,956	108,699
Consumer Electronic [Member] | Retail [Member]
Revenues:
Product sales	55,654	52,946	107,956	108,699
Consumer Electronic [Member] | Credit [Member]
Revenues:
Product sales	0	0	0	0
Home Office [Member]
Revenues:
Product sales	19,289	17,862	37,599	34,650
Home Office [Member] | Retail [Member]
Revenues:
Product sales	19,289	17,862	37,599	34,650
Home Office [Member] | Credit [Member]
Revenues:
Product sales	0	0	0	0
Other [Member]
Revenues:
Product sales	3,699	4,403	7,358	8,659
Other [Member] | Retail [Member]
Revenues:
Product sales	3,699	4,403	7,358	8,659
Other [Member] | Credit [Member]
Revenues:
Product sales	$ 0	$ 0	$ 0	$ 0
Outside of US [Member]
Segment Reporting Information [Line Items]
Number of stores | store	0		0

Guarantor Financial Informati40

Guarantor Financial Information (Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Jan. 31, 2018
Current assets:
Cash and cash equivalents	$ 4,435	$ 9,286
Restricted cash	51,657	86,872
Customer accounts receivable, net of allowances (includes VIE balance of $391,853 and $459,708, respectively)	622,009	636,825
Other accounts receivable	87,797	71,186
Inventories	195,728	211,894
Other current assets	14,535	63,954
Total current assets	976,161	1,080,017
Investment in and advances to subsidiaries	0	0
Long-term portion of customer accounts receivable, net of allowances (includes VIE balance of $329,039 and $455,002, respectively)	647,494	650,608
Property and equipment, net	142,631	143,152
Deferred income taxes	23,086	21,565
Other assets	7,129	5,457
Total assets	1,796,501	1,900,799
Current liabilities:
Current maturities of long-term debt and capital lease obligations	1,149	907
Accounts payable	85,001	71,617
Accrued expenses	93,070	69,112
Other current liabilities	22,763	22,475
Total current liabilities	201,983	164,111
Deferred rent	85,255	87,003
Long-term debt and capital lease obligations	916,081	1,090,105
Other long-term liabilities	23,535	24,512
Total liabilities	1,226,854	1,365,731
Total stockholders' equity	569,647	535,068
Total liabilities and stockholders' equity	1,796,501	1,900,799
Eliminations
Current assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Customer accounts receivable, net of allowances (includes VIE balance of $391,853 and $459,708, respectively)	0	0
Other accounts receivable	0	0
Inventories	0	0
Other current assets	(6,954)	(19,879)
Total current assets	(6,954)	(19,879)
Investment in and advances to subsidiaries	(875,364)	(945,175)
Long-term portion of customer accounts receivable, net of allowances (includes VIE balance of $329,039 and $455,002, respectively)	0	0
Property and equipment, net	0	0
Deferred income taxes	0	0
Other assets	0	0
Total assets	(882,318)	(965,054)
Current liabilities:
Current maturities of long-term debt and capital lease obligations	0	0
Accounts payable	0	0
Accrued expenses	(2,426)	(4,667)
Other current liabilities	(4,528)	(15,212)
Total current liabilities	(6,954)	(19,879)
Deferred rent	0	0
Long-term debt and capital lease obligations	0	0
Other long-term liabilities	0	0
Total liabilities	(6,954)	(19,879)
Total stockholders' equity	(875,364)	(945,175)
Total liabilities and stockholders' equity	(882,318)	(965,054)
Conn's, Inc.
Current assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Customer accounts receivable, net of allowances (includes VIE balance of $391,853 and $459,708, respectively)	0	0
Other accounts receivable	0	0
Inventories	0	0
Other current assets	0	0
Total current assets	0	0
Investment in and advances to subsidiaries	768,987	735,272
Long-term portion of customer accounts receivable, net of allowances (includes VIE balance of $329,039 and $455,002, respectively)	0	0
Property and equipment, net	0	0
Deferred income taxes	23,086	21,565
Other assets	0	0
Total assets	792,073	756,837
Current liabilities:
Current maturities of long-term debt and capital lease obligations	0	0
Accounts payable	0	0
Accrued expenses	686	686
Other current liabilities	0	0
Total current liabilities	686	686
Deferred rent	0	0
Long-term debt and capital lease obligations	221,740	221,083
Other long-term liabilities	0	0
Total liabilities	222,426	221,769
Total stockholders' equity	569,647	535,068
Total liabilities and stockholders' equity	792,073	756,837
Guarantors
Current assets:
Cash and cash equivalents	4,435	9,286
Restricted cash	1,550	1,550
Customer accounts receivable, net of allowances (includes VIE balance of $391,853 and $459,708, respectively)	351,382	177,117
Other accounts receivable	87,797	71,186
Inventories	195,728	211,894
Other current assets	16,961	68,621
Total current assets	657,853	539,654
Investment in and advances to subsidiaries	106,377	209,903
Long-term portion of customer accounts receivable, net of allowances (includes VIE balance of $329,039 and $455,002, respectively)	427,480	195,606
Property and equipment, net	142,631	143,152
Deferred income taxes	0	0
Other assets	7,129	5,457
Total assets	1,341,470	1,093,772
Current liabilities:
Current maturities of long-term debt and capital lease obligations	1,149	907
Accounts payable	85,001	71,617
Accrued expenses	91,385	66,370
Other current liabilities	24,585	32,685
Total current liabilities	202,120	171,579
Deferred rent	85,255	87,003
Long-term debt and capital lease obligations	264,978	81,043
Other long-term liabilities	20,130	18,875
Total liabilities	572,483	358,500
Total stockholders' equity	768,987	735,272
Total liabilities and stockholders' equity	1,341,470	1,093,772
Non-guarantor Subsidiaries
Current assets:
Cash and cash equivalents	0	0
Restricted cash		85,322
Customer accounts receivable, net of allowances (includes VIE balance of $391,853 and $459,708, respectively)		459,708
Other accounts receivable	0	0
Inventories	0	0
Other current assets	4,528	15,212
Total current assets	325,262	560,242
Investment in and advances to subsidiaries	0	0
Long-term portion of customer accounts receivable, net of allowances (includes VIE balance of $329,039 and $455,002, respectively)		455,002
Property and equipment, net	0	0
Deferred income taxes	0	0
Other assets	0	0
Total assets	545,276	1,015,244
Current liabilities:
Current maturities of long-term debt and capital lease obligations	0	0
Accounts payable	0	0
Accrued expenses	3,425	6,723
Other current liabilities	2,706	5,002
Total current liabilities	6,131	11,725
Deferred rent	0	0
Long-term debt and capital lease obligations	429,363	787,979
Other long-term liabilities	3,405	5,637
Total liabilities	438,899	805,341
Total stockholders' equity	106,377	209,903
Total liabilities and stockholders' equity	$ 545,276	$ 1,015,244

Guarantor Financial Informati41

Guarantor Financial Information (Condensed Consolidated Statement of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Revenues:
Total net sales	$ 296,313	$ 286,413	$ 572,069	$ 565,698
Finance charges and other revenues	88,307	80,234	170,938	156,775
Servicing fee revenue	0	0	0	0
Total revenues	384,620	366,647	743,007	722,473
Costs and expenses:
Cost of goods sold	173,627	172,306	340,216	344,256
Selling, general and administrative expense	120,690	111,632	235,568	218,169
Provision for bad debts	50,751	49,449	94,907	105,379
Charges and credits	300	4,068	300	5,295
Total costs and expenses	345,368	337,455	670,991	673,099
Operating income	39,252	29,192	72,016	49,374
Interest expense	15,566	20,039	32,386	44,047
Loss on extinguishment of debt	1,367	2,097	1,773	2,446
Income (loss) before income taxes	22,319	7,056	37,857	2,881
Provision (benefit) for income taxes	5,308	2,783	8,114	1,188
Net income (loss)	17,011	4,273	29,743	1,693
Income (loss) from consolidated subsidiaries	0	0	0	0
Net income (loss)	17,011	4,273	29,743	1,693
Eliminations
Revenues:
Total net sales	0	0	0	0
Finance charges and other revenues	0	0	0	0
Servicing fee revenue	(3,035)	(12,648)	(19,781)	(27,832)
Total revenues	(3,035)	(12,648)	(19,781)	(27,832)
Costs and expenses:
Cost of goods sold	0	0	0	0
Selling, general and administrative expense	(3,035)	(12,648)	(19,781)	(27,832)
Provision for bad debts	0	0	0	0
Charges and credits	0	0	0	0
Total costs and expenses	(3,035)	(12,648)	(19,781)	(27,832)
Operating income	0	0	0	0
Interest expense	0	0	0	0
Loss on extinguishment of debt	0	0	0	0
Income (loss) before income taxes	0	0	0	0
Provision (benefit) for income taxes	0	0	0	0
Net income (loss)	0	0	0	0
Income (loss) from consolidated subsidiaries	(15,791)	1,424	(14,885)	33,483
Net income (loss)	(15,791)	1,424	(14,885)	33,483
Conn's, Inc.
Revenues:
Total net sales	0	0	0	0
Finance charges and other revenues	0	0	0	0
Servicing fee revenue	0	0	0	0
Total revenues	0	0	0	0
Costs and expenses:
Cost of goods sold	0	0	0	0
Selling, general and administrative expense	0	0	0	0
Provision for bad debts	0	0	0	0
Charges and credits	0	0	0	0
Total costs and expenses	0	0	0	0
Operating income	0	0	0	0
Interest expense	4,448	4,443	8,891	8,886
Loss on extinguishment of debt	0	0	0	0
Income (loss) before income taxes	(4,448)	(4,443)	(8,891)	(8,886)
Provision (benefit) for income taxes	(1,058)	(1,752)	(1,906)	(3,664)
Net income (loss)	(3,390)	(2,691)	(6,985)	(5,222)
Income (loss) from consolidated subsidiaries	20,401	6,964	36,728	6,915
Net income (loss)	17,011	4,273	29,743	1,693
Guarantors
Revenues:
Total net sales	296,313	286,413	572,069	565,698
Finance charges and other revenues	56,653	40,279	102,308	77,077
Servicing fee revenue	3,035	12,648	19,781	27,832
Total revenues	356,001	339,340	694,158	670,607
Costs and expenses:
Cost of goods sold	173,627	172,306	340,216	344,256
Selling, general and administrative expense	115,515	111,455	235,308	217,688
Provision for bad debts	29,868	25,418	36,876	19,985
Charges and credits	300	4,068	300	5,295
Total costs and expenses	319,310	313,247	612,700	587,224
Operating income	36,691	26,093	81,458	83,383
Interest expense	3,733	743	6,766	2,521
Loss on extinguishment of debt	142	0	142	349
Income (loss) before income taxes	32,816	25,350	74,550	80,513
Provision (benefit) for income taxes	7,805	9,998	15,979	33,200
Net income (loss)	25,011	15,352	58,571	47,313
Income (loss) from consolidated subsidiaries	(4,610)	(8,388)	(21,843)	(40,398)
Net income (loss)	20,401	6,964	36,728	6,915
Non-guarantor Subsidiaries
Revenues:
Total net sales	0	0	0	0
Finance charges and other revenues	31,654	39,955	68,630	79,698
Servicing fee revenue	0	0	0	0
Total revenues	31,654	39,955	68,630	79,698
Costs and expenses:
Cost of goods sold	0	0	0	0
Selling, general and administrative expense	8,210	12,825	20,041	28,313
Provision for bad debts	20,883	24,031	58,031	85,394
Charges and credits	0	0	0	0
Total costs and expenses	29,093	36,856	78,072	113,707
Operating income	2,561	3,099	(9,442)	(34,009)
Interest expense	7,385	14,853	16,729	32,640
Loss on extinguishment of debt	1,225	2,097	1,631	2,097
Income (loss) before income taxes	(6,049)	(13,851)	(27,802)	(68,746)
Provision (benefit) for income taxes	(1,439)	(5,463)	(5,959)	(28,348)
Net income (loss)	(4,610)	(8,388)	(21,843)	(40,398)
Income (loss) from consolidated subsidiaries	0	0	0	0
Net income (loss)	$ (4,610)	$ (8,388)	$ (21,843)	$ (40,398)

Guarantor Financial Informati42

Guarantor Financial Information (Condensed Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 155,652	$ 90,541
Cash flows from investing activities:
Purchase of customer accounts receivables	0	0
Sale of customer accounts receivables	0	0
Purchase of property and equipment	(12,166)	(6,135)
Net cash used in investing activities	(12,166)	(6,135)
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes	0	469,814
Payments on asset-backed notes	(481,883)	(583,299)
Borrowings from revolving credit facility	839,236	844,941
Payments on revolving credit facility	(655,036)	(822,441)
Borrowings from warehouse facility	173,286	0
Payments of debt issuance costs and amendment fees	(3,539)	(7,595)
Payments on warehouse facility	(52,226)	0
Proceeds from stock issued under employee benefit plans	834	1,905
Tax payments associated with equity-based compensation transactions	(2,516)	(298)
Payments from extinguishment of debt	(1,177)	0
Other	(531)	(243)
Net cash (used in) provided by financing activities	(183,552)	(97,216)
Net change in cash, cash equivalents and restricted cash	(40,066)	(12,810)
Cash, cash equivalents and restricted cash, beginning of period	96,158	134,264
Cash, cash equivalents and restricted cash, end of period	56,092	121,454
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change		(298)
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	0	0
Cash flows from investing activities:
Purchase of customer accounts receivables	170,144	466,056
Sale of customer accounts receivables	(170,144)	(466,056)
Purchase of property and equipment	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes		0
Payments on asset-backed notes	0	0
Borrowings from revolving credit facility	0	0
Payments on revolving credit facility	0	0
Borrowings from warehouse facility	0
Payments of debt issuance costs and amendment fees	0	0
Payments on warehouse facility	0
Proceeds from stock issued under employee benefit plans	0	0
Tax payments associated with equity-based compensation transactions	0
Payments from extinguishment of debt	0
Other	0	0
Net cash (used in) provided by financing activities	0	0
Net change in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	0	0
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change		0
Conn's, Inc.
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(834)	(1,905)
Cash flows from investing activities:
Purchase of customer accounts receivables	0	0
Sale of customer accounts receivables	0	0
Purchase of property and equipment	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes		0
Payments on asset-backed notes	0	0
Borrowings from revolving credit facility	0	0
Payments on revolving credit facility	0	0
Borrowings from warehouse facility	0
Payments of debt issuance costs and amendment fees	0	0
Payments on warehouse facility	0
Proceeds from stock issued under employee benefit plans	834	1,905
Tax payments associated with equity-based compensation transactions	0
Payments from extinguishment of debt	0
Other	0
Net cash (used in) provided by financing activities	834	1,905
Net change in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	0	0
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change		0
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(33)	(388,785)
Cash flows from investing activities:
Purchase of customer accounts receivables	0	0
Sale of customer accounts receivables	0	466,056
Purchase of property and equipment	(12,166)	(6,135)
Net cash used in investing activities	(12,166)	459,921
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes		0
Payments on asset-backed notes	(169,803)	(78,779)
Borrowings from revolving credit facility	839,236	844,941
Payments on revolving credit facility	(655,036)	(822,441)
Borrowings from warehouse facility	0
Payments of debt issuance costs and amendment fees	(2,825)	(2,864)
Payments on warehouse facility	0
Proceeds from stock issued under employee benefit plans	0	0
Tax payments associated with equity-based compensation transactions	(2,516)
Payments from extinguishment of debt	(1,177)
Other	(531)	(243)
Net cash (used in) provided by financing activities	7,348	(59,684)
Net change in cash, cash equivalents and restricted cash	(4,851)	11,452
Cash, cash equivalents and restricted cash, beginning of period	10,836	23,566
Cash, cash equivalents and restricted cash, end of period	5,985	35,018
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change		(298)
Non-guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	156,519	481,231
Cash flows from investing activities:
Purchase of customer accounts receivables	(170,144)	(466,056)
Sale of customer accounts receivables	170,144	0
Purchase of property and equipment	0	0
Net cash used in investing activities	0	(466,056)
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes		469,814
Payments on asset-backed notes	(312,080)	(504,520)
Borrowings from revolving credit facility	0	0
Payments on revolving credit facility	0	0
Borrowings from warehouse facility	173,286
Payments of debt issuance costs and amendment fees	(714)	(4,731)
Payments on warehouse facility	(52,226)
Proceeds from stock issued under employee benefit plans	0	0
Tax payments associated with equity-based compensation transactions	0
Payments from extinguishment of debt	0
Other	0	0
Net cash (used in) provided by financing activities	(191,734)	(39,437)
Net change in cash, cash equivalents and restricted cash	(35,215)	(24,262)
Cash, cash equivalents and restricted cash, beginning of period	85,322	110,698
Cash, cash equivalents and restricted cash, end of period	$ 50,107	86,436
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change		$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Aug. 15, 2018	Jul. 31, 2018
Subsequent Event [Line Items]
Notes issued face amount		$ 693,280,000
Subsequent Event [Member] | Asset-Backed Notes [Member] | Secured Debt [Member]
Subsequent Event [Line Items]
Notes issued face amount	$ 358,300,000
Net proceeds from issuance of notes	355,700,000
Subsequent Event [Member] | Asset Backed Fixed Rate Notes, Class A, Series 2018-A , January 2023 [Member] | Secured Debt [Member]
Subsequent Event [Line Items]
Notes issued face amount	$ 219,200,000
Fixed Interest Rate	3.25%
Subsequent Event [Member] | Asset Backed Fixed Rate Notes, Class B, Series 2018-A , January 2023 [Member] | Secured Debt [Member]
Subsequent Event [Line Items]
Notes issued face amount	$ 69,600,000
Fixed Interest Rate	4.65%
Subsequent Event [Member] | Asset Backed Fixed Rate Notes, Class C, Series 2018-A, January 2023 [Member] | Secured Debt [Member]
Subsequent Event [Line Items]
Notes issued face amount	$ 69,600,000
Fixed Interest Rate	6.02%