View Filing Data

$ 649,516

$ 596,360

$ 608,443

51,648

42,078

37,795

13,103

15,246

16,487

714,267

653,684

662,725

150,765

138,618

146,050

865,032

792,302

808,775

Cost of goods sold, including warehousing and occupancy costs

454,682

455,493

474,696

Cost of service parts sold, including warehousing and occupancy costs

5,965

6,527

7,779

^[1]

253,189

237,098

239,806

47,659

53,555

51,404

3,025

9,928

2,321

764,520

762,601

776,006

100,512

29,701

32,769

17,047

22,457

28,081

897

11,056

4,283

(153)

339

Provision (benefit) for income taxes

82,721

(3,882)

30,109

(159)

1,138

Net income (loss)

$ 52,612

$ (3,723)

$ (1,072)

Earnings (loss) per share

Basic (in dollars per share)

$ 1.60

$ (0.12)

$ (0.04)

Diluted (in dollars per share)

$ 1.56

$ (0.12)

$ (0.04)

Average common shares outstanding

Basic (in shares)

32,862

31,860

26,091

Diluted (in shares)

33,768

31,860

26,091

[1]

(a) Selling, general and administrative expenses include the direct expenses of the retail and credit operations, allocated overhead expenses and a charge to the credit segment to reimburse the retail segment for expenses it incurs related to occupancy, personnel, advertising and other direct costs of the retail segment which benefit the credit operations by sourcing credit customers and collecting payments. The reimbursement received by the retail segment from the credit segment is estimated using an annual rate of 2.5% times the average portfolio balance for each applicable period. The amount of overhead allocated to each segment was approximately $9.0 million, $8.2 million and $7.5 million for the fiscal years ended January 31, 2013, 2012 and 2011, respectively. The amount of reimbursement made to the retail segment by the credit segment was approximately $16.7 million, $15.6 million and $17.5 million for the fiscal years ended January 31, 2013, 2012 and 2011, respectively.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]
Net income (loss)	$ 52,612	$ (3,723)	$ (1,072)
Change in fair value of hedges	107	(342)	227
Impact of provision for income taxes on comprehensive income	(37)	120	(80)
Comprehensive income (loss)	$ 52,682	$ (3,945)	$ (925)

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Summary of Significant Accounting Policies [Abstract]

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance at Jan. 31, 2010	$ 242	$ 106,226	$ (218)	$ 259,186	$ (37,071)	$ 328,365
Balance (in shares) at Jan. 31, 2010	24,194				(1,723)
Issuance of common stock	$ 93	23,019	0	0	$ 0	23,112
Issuance of common stock (in shares)	9,259				0
Issuance of common stock under Employee Stock Purchase Plan	$ 0	166	0	0	$ 0	166
Issuance of common stock under Employee Stock Purchase Plan (in shares)	35				0
Stock-based compensation		2,179				2,179
Net income (loss)	$ 0	0	0	(1,072)	$ 0	(1,072)
Adjustment of fair value of interest hedge, net of tax	0	0	147	0	0	147
Balance at Jan. 31, 2011	$ 335	131,590	(71)	258,114	$ (37,071)	352,897
Balance (in shares) at Jan. 31, 2011	33,488				(1,723)
Common stock issuance expenses	$ 0	(70)	0	0	$ 0	(70)
Exercise of stock options, net of tax	$ 3	1,997	0	0	$ 0	2,000
Exercise of stock options, net of tax (in shares)	303				0
Issuance of common stock under Employee Stock Purchase Plan	$ 0	135	0	0	$ 0	135
Issuance of common stock under Employee Stock Purchase Plan (in shares)	28				0
Vesting of restricted stock units	$ 0	0	0	0	$ 0	0
Vesting of restricted stock units (in shares)	43				0
Cancellation of treasury stock	$ (17)	0	0	(37,054)	$ 37,071	$ 0
Cancellation of treasury stock (in shares)	(1,723)				1,723	1,700
Stock-based compensation	$ 0	2,354	0	0	$ 0	$ 2,354
Net income (loss)	0	0	0	(3,723)	0	(3,723)
Adjustment of fair value of interest hedge, net of tax	0	0	(222)	0	0	(222)
Balance at Jan. 31, 2012	$ 321	136,006	(293)	217,337	$ 0	353,371
Balance (in shares) at Jan. 31, 2012	32,139				0
Issuance of common stock	$ 22	55,973	0	0	$ 0	55,995
Issuance of common stock (in shares)	2,233				0
Exercise of stock options, net of tax	$ 8	9,056	0	0	$ 0	9,064
Exercise of stock options, net of tax (in shares)	654				0
Issuance of common stock under Employee Stock Purchase Plan	$ 0	393	0	0	$ 0	393
Issuance of common stock under Employee Stock Purchase Plan (in shares)	29				0
Vesting of restricted stock units	$ 1	0	0	0	$ 0	1
Vesting of restricted stock units (in shares)	136				0
Stock-based compensation	$ 0	2,944	0	0	$ 0	2,944
Net income (loss)	0	0	0	52,612	0	52,612
Adjustment of fair value of interest hedge, net of tax	0	0	70	0	0	70
Balance at Jan. 31, 2013	$ 352	$ 204,372	$ (223)	$ 269,949	$ 0	$ 474,450
Balance (in shares) at Jan. 31, 2013	35,191				0

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011
Other comprehensive income (loss):
Tax benefit on the adjustment of fair value to interest rate swaps	$ 37	$ 120	$ 80

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011
Cash flows from operating activities
Net income (loss)	$ 52,612	$ (3,723)	$ (1,072)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	13,891	12,869	17,449
Provision for bad debts and uncollectible interest	55,799	62,597	60,631
Excess tax benefits from stock-based compensation	(1,359)	(50)	0
Loss from early extinguishment of debt	897	11,056	0
Costs and impairment charges related to store closings	869	9,115	2,321
Cost of related to financing transaction terminated and transaction not completed	0	0	4,283
Stock-based compensation expense	2,945	2,354	2,179
Provision (benefit) for deferred income taxes	(16)	741	(978)
(Gain) loss from sale of property and equipment	(153)	53	167
Discounts and accretion on promotional credit	(202)	(1,246)	(2,180)
Change in operating assets and liabilities:
Customer accounts receivable	(157,335)	(26,744)	5,284
Other assets	(7,851)	(8,070)	(6,475)
Inventory	(11,145)	19,814	(18,855)
Accounts payable	24,897	(13,029)	17,796
Accrued expenses	(2,918)	2,030	(17,155)
Income taxes payable	7,916	(1,612)	3,700
Deferred revenues and allowances	(1,650)	(1,638)	(4,037)
Net cash (used in) provided by operating activities	(22,803)	64,517	63,058
Cash flows from investing activities
Purchase of property and equipment	(32,353)	(4,386)	(3,028)
Proceeds from sales of property	22,882	0	709
Net cash used in investing activities	(9,471)	(4,386)	(2,319)
Cash flows from financing activities
Borrowings under lines of credit	237,896	224,383	658,629
Payments on lines of credit	(288,744)	(190,608)	(737,048)
Proceeds from issuance of asset-backed notes	103,025	0	0
Payments on asset-backed notes	(71,167)	0	0
Change in restricted cash balances	(4,717)	0	6,000
(Payments) borrowings of real estate note	(8,000)	8,000	0
Proceeds from (cost related to) issuance of common stock	55,995	(70)	23,379
Proceeds from stock issued under employee benefit plans	9,457	2,135	166
Payment of term note	0	(100,000)	0
Payment of prepayment premium	0	(4,830)	(12,986)
Other	(3,887)	(3,853)	(149)
Net cash provided by (used in) financing activities	29,858	(64,843)	(62,009)
Net change in cash	(2,416)	(4,712)	(1,270)
Cash and cash equivalents
Beginning of the year	6,265	10,977	12,247
End of the year	3,849	6,265	10,977
Supplemental disclosure of cash flow information
Cash interest paid	13,639	20,523	22,446
Cash income taxes paid (recovered), net	21,653	(3,108)	(1,570)
Supplemental disclosure of non-cash activity
Deferred financing costs recovered through proceeds from issuance of common stock	0	0	267
Purchases of property and equipment with debt financing	$ 0	$ 639	$ 0

Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2013

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

Principles of Consolidation. The consolidated financial statements include the accounts of Conn's, Inc. and all of its wholly-owned subsidiaries including a bankruptcy-remote, variable-interest entity ("VIE") further discussed below (collectively, the "Company"). Conn's, Inc. is a holding company with no independent assets or operations other than its investments in its subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation.

In April of 2012, the Company transferred certain customer receivables to a VIE in connection with a securitization. The VIE issued debt secured by the customer receivables that were transferred to it, which are included in customer accounts receivable and long-term portion of customer accounts receivable on the consolidated balance sheet.

The Company determined that the VIE should be consolidated within its financial statements due to the fact that it qualified as the primary beneficiary of the VIE based on the following considerations:

·	The Company directed the activities that generated the customer receivables that were transferred to the VIE;

·	The Company directs the servicing activities related to the collection of the customer receivables transferred to the VIE;

·	The Company absorbs losses incurred by the VIE to the extent of its interest in the VIE before any other investors incur losses; and

·	The Company has the right to receive benefits generated by the VIE after paying the contractual amounts due to the other investors.

The investors and the securitization trustee have no recourse to the Company's other assets for failure of the VIE to repay the amounts due to them. Additionally, the Company has no recourse to the VIE's assets to satisfy its obligations. The Company's interests are subordinate to the investors' interests, and will not be paid if the VIE is unable to repay the amounts due. The ultimate realization of the Company's interest is subject to credit, prepayment, and interest rate risks on the transferred financial assets.

Business Activities. The Company, through its retail stores, provides products and services to its customer base in Texas, Louisiana, Oklahoma, New Mexico and Arizona. Products and services offered through retail sales outlets include home appliances, furniture and mattresses, consumer electronics, home office equipment, lawn and garden products, repair service agreements, installment credit programs and various credit insurance products. These activities are supported through an extensive service, warehouse and distribution system. The Company's business is somewhat seasonal, with a higher portion of sales and operating profit realized during the quarter that ends January 31, due primarily to the holiday selling season. For the reasons discussed below, the Company has aggregated its results into two operating segments: credit and retail. The Company's retail stores bear the "Conn's" or "Conn's HomePlus" name and deliver the same products and services to a common customer group. The Company's customers are primarily individuals rather than commercial accounts. All of the retail stores follow the same procedures and methods in managing their operations. The Company's management evaluates performance and allocates resources based on the operating results of its retail and credit segments. The separate financial information is disclosed in Note 15 - "Segment Reporting."

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

Reclassifications. Certain reclassifications have been made to prior year fiscal year amounts and balances to conform to the presentation in the current fiscal year. These reclassifications did not impact consolidated operating income or net income.

Vendor Programs. The Company receives funds from vendors for price protection, product rebates (earned upon purchase or sale of product), marketing, training and promotional programs which are recorded on the accrual basis, as a reduction of the related product cost. The Company accrues rebates based on the satisfaction of terms of the program and sales of qualifying products even though funds may not be received until subsequent to the end of a quarter or year. If the programs are related to product purchases, the allowances, credits, or payments are recorded as a reduction of product cost and if the programs are related to product sales, the allowances, credits or payments are recorded as a reduction of cost of goods sold. Vendor rebates earned and recorded as a reduction of product cost and cost of goods sold totaled $64.3 million, $62.7 million and $63.7 million for the years ended January 31, 2013, 2012 and 2011, respectively. Over the past three years the Company has received funds from approximately 50 vendors, with the terms of the programs ranging between one month and one year.

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

	Year Ended January 31,
(in thousands)	2013		2012		2011

Weighted average common shares outstanding - Basic		32,862		31,860		26,091
Assumed exercise of stock options		763		-		-
Unvested restricted stock units		143		-		-
Weighted average common shares outstanding - Diluted		33,768		31,860		26,091

The weighted average number of stock options and restricted stock units not included in the calculation due to their anti-dilutive effect was 0.6 million, 2.3 million and 2.7 million for each of the years ended January 31, 2013, 2012 and 2011, respectively.

Cash and Cash Equivalents. The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Credit card deposits in-transit of $0.8 million and $2.2 million, as of January 31, 2013 and 2012, respectively, are included in cash and cash equivalents.

Inventories. Inventories consist of finished goods or parts and are valued at the lower of cost (moving weighted average cost method) or fair market value through the establishment of inventory loss reserves. The Company's inventory reserve represents the excess of the carrying amount, typically weighted average cost, over the amount it expects to realize from the ultimate sale or other disposition of the inventory. The inventory reserve contains uncertainties because the calculation requires management to make assumptions and to apply judgment regarding inventory aging, projected consumer demand and market availability and obsolescence of products on hand.

Property and Equipment. Property and equipment are recorded at cost. Costs associated with major additions and betterments that increase the value or extend the lives of assets are capitalized and depreciated. Normal repairs and maintenance that do not materially improve or extend the lives of the respective assets are charged to operating expenses as incurred. Depreciation, which includes amortization of capitalized leases, is computed on the straight-line method over the estimated useful lives of the assets, or in the case of leasehold improvements, over the shorter of the estimated useful lives or the remaining terms of the respective leases.

The estimated lives used to compute depreciation expense are summarized as follows:


Buildings	30 years
Equipment and fixtures	3-5 years
Transportation equipment	3 years
Leasehold improvements	5-15 years

Gains and losses on sale of assets are included in other (income) expense in the consolidated statements of operations, and totaled approximately $153,000, $(53,000) and $(167,000), respectively for the years ended January 31, 2013, 2012 and 2011. During the fourth quarter of fiscal year 2013, the Company received net proceeds of approximately $22.4 million from the sale and long-term lease back of four owned properties. The gain associated with the sale was deferred and is being amortized over the life of the lease associated with those properties.

Property and Equipment Impairment. Property and equipment are evaluated for impairment at the retail store level. The Company performs a periodic assessment of assets for impairment. Additionally, an impairment evaluation is performed whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. The most likely condition that would necessitate an assessment would be an adverse change in historical and estimated future results of a retail store's performance. For property and equipment to be held and used, the Company recognizes an impairment loss if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and fair value. Fair value is determined by discounting the anticipated cash flows over the remaining term of the lease utilizing certain unobservable inputs (Level 3). Impairment charges of $2.0 million and $2.3 million were recorded for the years ended January 31, 2012 and 2011, respectively, related to store closures.

Customer Accounts Receivable. Customer accounts receivable are originated at the time of sale and delivery of the various products and services. The Company records the amount of principal and accrued interest on customer receivables that is expected to be collected within the next twelve months, based on contractual terms, in current assets on its consolidated balance sheet. Those amounts expected to be collected after twelve months, based on contractual terms, are included in long-term assets. Typically, customer receivables are considered delinquent if a payment has not been received on the scheduled due date. Additionally, the Company offers re-age programs to customers with past due balances that have experienced a financial hardship, if they meet the conditions of the Company's re-age policy. Re-aging a customer's account can result in updating an account from a delinquent status to a current status. During the quarter ended July 31, 2011, the Company implemented a new policy which limits the number of months that an account can be re-aged to a maximum of 18 months. During the quarter ended October 31, 2011, the Company further modified the policy to reduce the number of months that an account can be re-aged to a maximum of 12 months. As of July 31, 2011, the Company changed its charge-off policy so that any account that is delinquent more than 209 days as of the end of a month is charged-off against the allowance for doubtful accounts and interest accrued is charged against the allowance for uncollectible interest. Prior to July 31, 2011, the Company charged off all accounts that were delinquent more than 120 days and for which no payment had been received in the past seven months. The Company has a secured interest in the merchandise financed by these receivables and therefore has the opportunity to recover a portion of the charged-off amount.

Restructured Customer Accounts Receivable. Effective April 5, 2011, the Financial Accounting Standards Board issued Accounting Standards Update No. 2011-02 ("ASU No. 2011-02"), A Creditor's Determination of Whether Restructuring is a Troubled Debt Restructuring. The guidance provided clarification on whether a debtor is experiencing financial difficulties and whether a concession has been granted to the debtor for purposes of determining if a loan modification constitutes a troubled debt restructuring ("TDR"), even if not currently in default. The amendments in ASU 2011-02 were effective for the Company in the third quarter of fiscal 2012, and were applied retrospectively to loan restructurings after January 31, 2011. The Company defines TDR accounts that originated subsequent to January 31, 2011 as accounts that have been re-aged cumulatively in excess of three months or refinanced. For accounts originating prior to January 31, 2011, if the cumulative re-aging exceeds three months and the accounts were re-aged subsequent to January 31, 2011, the account is considered a TDR. The Company recorded a pre-tax charge during fiscal year 2012 of $14.1 million, net of previously provided reserves, related to the required adoption of the accounting guidance related to TDR accounts.

Allowance for Doubtful Accounts. The Company monitors the aging of its past due accounts closely and focuses its collection efforts on preventing accounts from becoming 60 days past due or greater, which is a leading indicator of potential charge-offs. The Company records an allowance for doubtful accounts, including estimated uncollectible interest, for its customer and other accounts receivable, based on its historical cash collections and net loss experience using a projection of monthly delinquency performance, cash collections and losses. In addition to pre-charge-off cash collections and charge-off information, estimates of post-charge-off recoveries, including cash payments, amounts realized from the repossession of the products financed and, at times, payments received under credit insurance policies are also considered.

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

As a result of the Company's practice of re-aging customer accounts, if the account is not ultimately collected, the timing and amount of the charge-off could be impacted. If these accounts had been charged-off sooner the historical net loss rates might have been higher. As further discussed above, during fiscal 2012, the Company implemented a new policy which limits the number of months that an account can be re-aged to a cumulative maximum of 12 months. This change in the re-age policy had the impact of increasing delinquencies and accelerating charge-offs during fiscal 2012 and 2013.

Interest Income on Customer Accounts Receivable. Interest income is accrued using the interest method for installment contracts and is reflected in finance charges and other. Typically, interest income is accrued until the contract or account is paid off or charged-off and the Company provides an allowance for estimated uncollectible interest. Interest income on the Company's installment contracts with its customers is calculated using the rule of 78s. In order to convert its interest income recognized to the interest method, the Company has recorded the excess earnings of rule of 78s over the interest method as deferred revenue on its balance sheet. This deferred interest will ultimately be brought into income as the accounts pay off or accounts amortize to the point that interest income under the interest method exceeds that which is being earned under rule of 78s. At January 31, 2013 and 2012, there was approximately $6.5 million and $7.1 million, respectively, of deferred interest included in deferred revenues and allowances. Additionally, there was $7.8 million and $7.4 million of deferred interest included in other long-term liabilities as January 31, 2013 and 2012, respectively. The Company typically only places accounts in non-accrual status when legally required to do so. Payment received on non-accrual loans will be applied to principal and reduce the amount of the loan. Interest accrual is resumed on those accounts once a legally-mandated settlement arrangement is reached or other payment arrangements are made with the customer. Interest income is recognized on interest-free promotional credit programs based on the Company's historical experience related to customers that fail to satisfy the requirements of the interest-free programs. Additionally, for sales on deferred interest and "same as cash" programs, under the Company's in-house finance program, that exceed one year in duration, the Company discounts the sales to present value, resulting in a reduction in sales and customer receivables, and amortizes the discount amount to finance charges and other over the term of the program. The amount of customer receivables carried on the Company's balance sheet that were in non-accrual status was $9.0 million and $9.8 million at January 31, 2013 and 2012, respectively. The amount of customer receivables carried on the Company's consolidated balance sheet that were past due 90 days or more and still accruing interest was $36.6 million and $39.5 million at January 31, 2013 and 2012, respectively. The Company recognizes interest income on TDR accounts using the interest income method, which requires reporting interest income equal to the increase in the net carrying amount of the loan attributable to the passage of time. Cash proceeds and other adjustments are applied to the net carrying amount such that it always equals the present value of expected future cash flows.

Revenue Recognition. Revenues from the sale of retail products are recognized at the time the customer takes possession of the product. Such revenues are recognized net of any adjustments for sales incentive offers such as discounts, coupons, rebates or other free products or services and discounts of sales on promotional credit that extend beyond one year. The Company sells repair service agreements and credit insurance contracts on behalf of unrelated third parties. For contracts where third parties are the obligor on the contract, commissions are recognized in revenues at the time of sale, and in the case of retrospective commissions, at the time that they are earned.

Sales financed by the Company under interest-free, promotional credit programs are recognized at the time the customer takes possession of the product, consistent with the above stated policy. Considering the short-term nature of interest-free programs for terms less than one year, sales are recorded at full value and are not discounted. Sales, if any, financed by the Company under longer-term, interest-free programs are recorded at their net present value. There were no financed sales that required discounting in the fiscal years ended January 31, 2013 and 2012 and the discount to net present value resulted in a reduction to net sales of $1.4 million for the year ended January 31, 2011. Customer receivables arising out of the interest-free programs are presented in the consolidated balance sheets net of the discount, which is amortized into income over the life of the receivable as a component of finance charges and other. Sales on interest-free promotional programs under third-party programs typically require the Company to pay the third-party a fee on each completed sale. The fee is recorded as a reduction of net sales.

The Company classifies amounts billed to customers relating to shipping and handling as revenues. Costs of $22.7 million, $18.8 million and $19.5 million associated with shipping and handling revenues are included in selling, general and administrative expense for the years ended January 31, 2013, 2012 and 2011, respectively.

Stock-based Compensation. For stock option grants, the Company uses 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 the Company's stock at the date of issuance. Stock-based compensation expense is recorded, net of estimated forfeitures, on a straight-line basis over the vesting period of the applicable grant.

Self-insurance. The Company is self-insured for certain losses relating to group health, workers' compensation, automobile, general and product liability claims. The Company has stop-loss coverage to limit the exposure arising from these claims. Self-insurance losses for claims filed and claims incurred, but not reported, are accrued based upon the Company's estimates of the aggregate liability for claims incurred using development factors based on historical experience.

Expense Classifications. The Company records as cost of goods sold, the direct cost of products sold, any related out-bound freight costs, and receiving costs, inspection costs, internal transfer costs, and other costs associated with the operations of its distribution system, including occupancy related to its warehousing operations. In addition, the Company records as cost of service parts sold, the direct cost of parts used in its service operation and the related inbound freight costs, purchasing and receiving costs, inspection costs, internal transfer costs, and other costs associated with the parts distribution operation.

The costs associated with the Company's merchandising function, including product purchasing, advertising, sales commissions, and all store occupancy costs, are included in selling, general and administrative expense.

Advertising costs are expensed as incurred. Advertising expense for the years ended January 31, 2013, 2012 and 2011, was $34.7 million, $29.7 million and $30.3 million, respectively.

Income Taxes. The Company is subject to U.S. federal income tax as well as income tax in multiple state jurisdictions. The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the tax rates and laws that are expected to be in effect when the differences are expected to reverse. To the extent penalties and interest are incurred, the Company records these charges as a component of its provision for income taxes. Tax returns for the fiscal years subsequent to January 31, 2009, remain open for examination by the Company's major taxing jurisdictions.

Sales Taxes. The Company records and reports all sales taxes collected on a net basis in the financial statements.

Fair Value of Financial Instruments. The Company determines the fair value of its assets and liabilities subject to fair value measurement by using the highest possible "Level" as defined within the ASC 815 GAAP hierarchy. The three levels defined by the ASC 815 hierarchy are as follows:

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

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

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

The fair value of cash and cash equivalents and accounts payable approximate their carrying amounts because of the short maturity of these instruments. The fair value of customer accounts receivables, determined using a discounted cash flow analysis, approximates their carrying amount. The discounted cash flow analysis was prepared using historical portfolio performance and a discount rate determined based on 50% debt funding of the receivables and a 15% equity return requirement. The fair value of the Company's debt approximates the carrying value of $295.1 million as of January 31, 2013 due to the fact the Company's asset based revolving credit facility was recently amended and the short time before anticipated payoff of the Company's asset backed notes. The Company's interest rate cap options are presented within the consolidated balance sheets at fair value.

Charges and Credits

12 Months Ended

Jan. 31, 2013

Charges and Credits [Abstract]

Charges and Credits

2. Charges and Credits

The Company recorded the following significant charges and credits during fiscal years 2013, 2012 and 2011.

Fiscal year 2013:

The Company relocated certain of its corporate operations from Beaumont to The Woodlands, Texas in the third quarter of fiscal year 2013. The Company incurred $1.2 million in pre-tax costs ($0.8 million after-tax) in connection with the relocation. This amount is reported within the retail segment and classified in charges and credits in the consolidated statement of operations.

As further discussed in Note 6, the Company amended and restated its asset-based loan facility with a syndicate of banks on September 26, 2012. In connection with the transaction, the Company expensed $0.8 million ($0.5 million after-tax) of previously deferred transaction costs associated with lenders which are no longer in the current syndicate of banks. This amount is reported within the credit segment and classified in loss on extinguishment of debt in the consolidated statement of operations.

The Company accrued the lease buyout costs related to one of its store closures and revised its estimate of future obligations related to its other closed stores. This resulted in a pre-tax charge of $0.9 million ($0.6 million after-tax). This amount is reported within the retail segment and classified in charges and credits in the consolidated statement of operations.

The Company recorded a pre-tax charge of $0.6 million ($0.4 million after-tax) associated with employee severance costs in the fourth quarter of fiscal year 2013. On a pre-tax basis, $0.5 million is reported within the credit segment and the balance is reported in the retail segment and is classified in charges and credits in the consolidated statement of operations.

Fiscal year 2012:

The Company recorded a pre-tax charge of $14.1 million ($9.7 million after-tax), net of previously provided reserves, in connection with the required adoption of new accounting guidance related to Troubled Debt Restructuring further discussed in Note 1. This amount is reported within the credit segment and classified in provision for bad debts and finance charges and other in the consolidated statement of operations.

The Company re-evaluated its inventory valuation reserve based on recent experience selling aged items, both through store locations and external sources. This resulted in a pre-tax charge of $4.7 million ($3.2 million after-tax). This amount is reported within the retail segment and classified in cost of goods sold, including warehousing and occupancy costs in the consolidated statement of operations.

The Company closed multiple underperforming retail locations and recorded pre-tax charges of $7.1 million ($4.5 million after-tax) related primarily to future lease obligations. This amount is reported within the retail segment and classified in charges and credits in the consolidated statement of operations.

Property and equipment are evaluated for impairment at the retail store level. The Company performs a periodic assessment of assets for impairment. Related to stores that were to be closed, a pre-tax impairment charge of $2.0 million ($1.3 million after-tax) was recorded during the year. This amount is reported within the retail segment and classified in charges and credits in the consolidated statement of operations.

·	The Company recorded a pre-tax charge of $11.1 million ($6.6 million after-tax) in connection with the prepayment of an existing term loan. This amount is reported within the credit segment and classified in loss on extinguishment of debt in the consolidated statement of operations.

The Company recorded a pre-tax charge of $0.8 million ($0.5 million after-tax) associated with employee severance costs. On a pre-tax basis, $0.4 million is reported within the retail segment and the balance is reported in the credit segment and is classified in charges and credits in the consolidated statement of operations.

Fiscal year 2011:

Property and equipment are evaluated for impairment at the retail store level. The Company performs a periodic assessment of assets for impairment. A pre-tax impairment charge related to stores being closed of $2.3 million ($1.5 million after-tax) was recorded during the year. This amount is reported within the retail segment and classified in charges and credits in the consolidated statement of operations.

Supplemental Disclosure of Finance Charges and Other Revenue

12 Months Ended

Jan. 31, 2013

Supplemental Disclosure of Finance Charges and Other Revenue [Abstract]

Supplemental Disclosure of Finance Charges and Other Revenue

3. Supplemental Disclosure of Finance Charges and Other Revenue

The following is a summary of the classification of the amounts included as finance charges and other for the year ended January 31, 2013, 2012 and 2011:

	Year ended January 31,
(in thousands)	2013		2012		2011
Interest income and fees on customer receivables	$	124,484	$	117,084	$	125,293
Insurance commissions		25,045		20,199		19,900
Other		1,236		1,335		857
	$	150,765	$	138,618	$	146,050

Interest income and fees on customer receivables is reduced by provisions for uncollectible interest of $8.1 million, $9.0 million and $9.2 million, respectively, for the fiscal years ended January 31, 2013, 2012, and 2011. The amount included in interest income and fees on customer receivables related to TDR accounts for the fiscal year ended January 31, 2013 and 2012 is $4.1 million and $3.9 million, respectively. The Company recognizes interest income on TDR accounts using the interest income method, which requires reporting interest income equal to the increase in the net carrying amount of the loan attributable to the passage of time. Cash proceeds and other adjustments are applied to the net carrying amount such that it always equals the present value of expected future cash flows.

Supplemental Disclosure of Customer Receivables

12 Months Ended

Jan. 31, 2013

Supplemental Disclosure of Customer Receivables [Abstract]

Supplemental Disclosure of Customer Receivables

4. Supplemental Disclosure of Customer Receivables

As part of the Company's collection efforts, it may modify loans for certain borrowers experiencing financial difficulty that are intended to maximize the net cash flow from the account, after expenses, and avoid the need for repossession of collateral. The Company may extend the loan term, refinance or otherwise re-age an account. These modifications may result in receiving the full amount due, or certain installments due, under the loan over a period of time that is longer than originally provided under the terms of the loan. Loan modifications in which an economic concession has been granted to a borrower experiencing financial difficulty are accounted for and reported as TDRs. Effective during the year ended January 31, 2012, the Company limited the accumulated number of months an account can be re-aged to a maximum of 12 months.

For the year ended January 31, 2012, the Company was required to adopt new accounting guidance that provides clarification on whether a debtor is experiencing financial difficulties and whether a concession has been granted to the debtor for purposes of determining if a loan modification constitutes a TDR. The adoption was applied retrospectively to its loan restructurings after January 31, 2011. The related increase in the allowance for doubtful accounts associated with principal and interest on these accounts was $14.1 million as of October 31, 2011, the date of adoption.

The Company segregates the population of accounts within its receivables portfolio is into two classes of accounts – those with origination credit scores less than 575 and those with origination scores equal to or greater than 575. The Company uses credit scoring criteria to differentiate underwriting requirements, potentially requiring differing down payment and initial application and documentation criteria. The following tables present quantitative information about the receivables portfolio managed by the Company, segregated by class:

	Total Outstanding Balance
	Customer Accounts Receivable						60 Days Past Due (1)				Re-aged (1)
	Year ended January 31,						Year ended January 31,				Year ended January 31,
(in thousands)	2013			2012			2013		2012		2013		2012
Customer Accounts Receivable:
>= 575 credit score at origination	$	576,040		$	479,301		$	31,295	$	23,424	$	36,448	$	26,005
< 575 credit score at origination		126,697			115,128			10,409		11,278		11,309		14,033
		702,737			594,429			41,704		34,702		47,757		40,038
Restructured Accounts (2):
>= 575 credit score at origination		26,057			27,760			7,259		11,428		26,030		27,749
< 575 credit score at origination		12,750			21,112			3,876		9,060		12,641		21,076
		38,807			48,872			11,135		20,488		38,671		48,825
Total receivables managed		741,544			643,301		$	52,839	$	55,190	$	86,428	$	88,863

Allowance for uncollectible accounts related to the credit portfolio		(43,911	)		(49,904	)
Allowances for promotional credit programs		(6,572	)		(4,074	)
Short-term portion of customer accounts receivable, net		(378,050	)		(316,385	)
Long-term customer accounts receivable, net	$	313,011		$	272,938

(1)

Amounts are based on end of period balances. Due to the fact that an account can become past due after having been re-aged, accounts could be represented in both the past due and re-aged columns shown above. The amounts included within both the past due and re-aged columns shown above as of January 31, 2013 and 2012 was $20.7 million and $32.5 million, respectively. The total amount of customer receivables past due one day or greater was $172.4 million and $152.4 million as of January 31, 2013 and 2012, respectively. These amounts include the 60 days past due totals shown above.

(2)

In addition to the amounts included in restructured accounts, there were $1.9 million and $7.9 million of accounts re-aged four or more months, included in the re-aged balance above, which did not qualify as TDRs at January 31, 2013 and 2012, respectively, because they were not re-aged subsequent to January 31, 2011.

					Net Credit
	Average Balances				Charge-offs (3)
	Year ended January 31,				Year ended January 31,
(in thousands)	2013		2012		2013		2012
Customer Accounts Receivable:
>= 575 credit score at origination	$	514,491	$	457,552	$	22,967	$	19,705
< 575 credit score at origination		114,932		130,024		11,435		15,157
Subtotal		629,423		587,576		34,132		34,862
Restructured Accounts:
>= 575 credit score at origination		24,161		22,074		10,571		6,391
< 575 credit score at origination		15,445		16,788		8,573		5,686
Subtotal		39,606		38,862		19,144		12,077
Total receivables managed	$	669,029	$	626,438	$	53,276	$	46,939

(3)	Amounts represent total credit principal charge-offs, net of recoveries, on total customer receivables. Charge-offs of restructured accounts include activity for the full fiscal year to reflect retrospective application.

As of July 31, 2011, the Company changed its charge-off policy such that an account that is delinquent more than 209 days as of the end of each month is charged-off against the allowance for doubtful accounts and interest accrued is charged against the allowance for uncollectible interest.

Following is the activity in the Company's balance in the allowance for doubtful accounts and uncollectible interest for customer receivables for the year ended January 31, 2013 and 2012:

	Year ended January 31, 2013									Year ended January 31, 2012
(in thousands)	Customer Accounts Receivable			Restructured Accounts			Total			Customer Accounts Receivable			Restructured Accounts			Total
Allowance at beginning of period	$	24,518		$	25,386		$	49,904		$	44,015		$	-		$	44,015
Provision (a)		42,772			13,027			55,799			21,778			39,684			61,462
Principal charge-offs (b)		(36,647	)		(20,555	)		(57,202	)		(37,181	)		(12,881	)		(50,062	)
Interest charge-offs		(5,456	)		(3,060	)		(8,516	)		(6,413	)		(2,221	)		(8,634	)
Recoveries (b)		2,515			1,411			3,926			2,319			804			3,123
Allowance at end of period	$	27,702		$	16,209		$	43,911		$	24,518		$	25,386		$	49,904

(a)	Includes provision for uncollectible interest, which is included in finance charges and other as further discussed in Note 3.

(b)	Charge-offs include the principal amount of losses (excluding accrued and unpaid interest), and recoveries include principal collections during the period shown of previously charged-off balances. These amounts represent net charge-offs.

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 9

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

Accrual for Store Closures [Abstract]

Accrual for Store Closures

12 Months Ended

Jan. 31, 2013

Accrual for Store Closures

5. Accrual for Store Closures

During the fiscal years ended January 31, 2013 and 2012, the Company closed two and 11 retail locations, respectively, that did not perform at a level the Company expects for mature store locations. As a result of the closure of 10 of the stores which had unexpired leases, the Company recorded an accrual for the present value of remaining lease obligations and anticipated ancillary occupancy costs, net of estimated sublease income. Revisions to these projections for changes in estimated marketing times and sublease rates are made to the obligation as further information related to the actual terms and costs become available. The estimates were calculated using Level 2 fair value inputs. The following table presents detail of the activity in the accrual for store closures during the fiscal years ended January 31, 2013 and 2012:

	Year ended January 31,
(in thousands)	2013			2012
Balance at beginning of period	$	8,106		$	-
Accrual for closures		789			8,780
Change in estimate		75			(42	)
Cash payments		(3,899	)		(632	)
Balance at end of period	$	5,071		$	8,106


	January 31,
Balance sheet presentation:		2013			2012
Accrued expenses	$	3,441		$	4,314
Other long-term liabilities		1,630			3,792
	$	5,071		$	8,106

The cash payments include payments made for facility rent and related costs.

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

Debt, Letters of Credit and Derivatives [Abstract]

Debt, Letters of Credit and Derivatives

12 Months Ended

Jan. 31, 2013

Debt, Letters of Credit and Derivatives

6. Debt, Letters of Credit and Derivatives

The Company's long-term debt consisted of the following at the period ended:

	As of January 31,
(in thousands)	2013		2012
Asset-based revolving credit facility	$	262,401	$	313,250
Asset-backed notes, net of discount of $205		32,307		-
Real estate loan		-		7,398
Other long-term debt		349		1,056
Total debt		295,057		321,704
Less current portion of debt		32,526		726
Long-term debt	$	262,531	$	320,978

On September 26, 2012, the Company amended and restated its asset-based revolving credit facility with a syndicate of banks, increasing the capacity from $450 million to $525 million and extending the maturity date from July 2015 to September 2016. An additional bank subsequently joined the syndicate and the capacity was raised to $545 million. The Company's asset-based revolving credit facility provides funding based on a borrowing base calculation that includes customer accounts receivable and inventory. The amended and restated credit facility bears interest at LIBOR plus a spread ranging from 275 basis points to 350 basis points, based on a leverage ratio (defined as total liabilities to tangible net worth). In addition to the leverage ratio, the revolving credit facility includes a fixed charge coverage requirement, a minimum customer receivables cash recovery percentage requirement and a net capital expenditures limit. Additionally, the agreement contains cross-default provisions, such that, any default under another of the Company's credit facilities would result in a default under this agreement, and any default under this agreement would result in a default under those agreements. The asset-based revolving credit facility restricts the amount of dividends the Company can pay and is secured by the assets of the Company not otherwise encumbered.

On April 30, 2012, the Company's VIE issued $103.7 million of asset-backed notes which bear interest at 4.0% and were sold at a discount to deliver a 5.21% yield, before considering transaction costs. The principal balance of the notes, which are secured by certain customer receivables, is reduced on a monthly basis by collections on the underlying customer receivables after the payment of interest and other expenses of the VIE. While the final maturity for the notes is April 2016, the Company currently expects to repay any outstanding note balance in April 2013 and, therefore, has classified the outstanding principal within the current portion of long-term debt. Additionally, the notes include a prepayment incentive fee whereby if the notes are not repaid by the expected final principal payment date of April 15, 2013, the VIE will be required to pay, in addition to accrued interest on the notes, a monthly fee equal to an annual rate of 8.5% times the outstanding principal balance. The VIE's borrowing agreement contains certain covenants, including the maintenance of a minimum net worth for the VIE. The VIE's debt is secured by the customer accounts receivable that were transferred to it, which are included in customer accounts receivable and long-term portion of customer accounts receivable on the consolidated balance sheet. At January 31, 2013, the VIE held cash of $4.7 million from collections on underlying customer receivables which is classified within prepaid expenses and other assets on the consolidated balance sheet. The investors and the securitization trustee have no recourse to the Company's other assets for failure of the VIE to pay the notes when due or any other of its obligations. Additionally, the VIE's assets are not available to satisfy the Company's obligations. The Company's interests in the VIE are subordinate to the investors' interests, and would not be paid if the VIE is unable to repay the amounts due. The ultimate realization of the Company's interest is subject to credit, prepayment, and interest rate risks on the transferred financial assets. Net proceeds from the offering were used to repay borrowings under the Company's asset-based revolving credit facility.

On January 31, 2013, the Company repaid amounts due under a real estate loan, which bore interest at the prime rate plus 100 basis points, with a floor on the total rate of 5%.

On July 28, 2011 the Company completed the repayment of a $100 million term loan with proceeds from the new real estate loan and borrowings under its revolving credit facility. The Company recorded a charge of approximately $11.1 million, including the prepayment premium of $4.8 million, write-off of the unamortized original issue discount of $5.4 million and term loan deferred financing costs of $0.9 million.

During the year ended January 31, 2011, the Company paid off the debt balances outstanding under a securitization program with proceeds from its asset-based revolving credit facility and a term loan.

The Company was in compliance with its debt covenants at January 31, 2013.

As of January 31, 2013, the Company had immediately available borrowing capacity of approximately $209.4 million under its asset-based revolving credit facility, net of standby letters of credit issued, for general corporate purposes. The Company also had $68.8 million that may become available under its asset-based revolving credit facility if it grows the balance of eligible customer receivables and its total eligible inventory balances. The Company pays additional fees in the amount of 25 basis points for the additional commitment amount.

Interest expense including amortization of deferred financing costs incurred on outstanding debt totaled $17.0 million, $22.5 million and $28.1 million for the years ended January 31, 2013, 2012 and 2011, respectively. The Company capitalized borrowing costs of $360 thousand and $21 thousand during the years ended January 31, 2013 and 2012, respectively.

Aggregate maturities of long-term debt as of January 31, in the year indicated are as follows:

(in thousands)
Year ending January 31,
2014	$	32,526
2015		130
2016		-
2017		262,401
2018		-
Total	$	295,057

The Company's asset-based revolving credit facility provides it the ability to utilize letters of credit to secure its deductibles under the Company's property and casualty insurance programs and risk reserves for certain of its third-party financing alternatives, among other acceptable uses. At January 31, 2013, the Company had outstanding letters of credit of $4.3 million under this facility. The maximum potential amount of future payments under these letter of credit facilities is considered to be the aggregate face amount of each letter of credit commitment, which totals $4.3 million as of January 31, 2013.

Cash Flow Hedging Activity

The Company's risk management activities primarily attempt to mitigate price risk related to fluctuations in interest payments on LIBOR-based floating rate debt instruments through the use of financial derivative instruments. The Company's risk management strategy involves capping floating interest rates through the use of a series of purchased swaps and/or purchased put option caps. These capping transactions seek to mitigate the impact of upward floating interest rates on future cash flows. The Company's risk management activities include the use of financial derivative instruments including, but not limited to, price swaps and options to seek protection from adverse price movements and to minimize potential increases to interest expenses. The Company enters into these financial derivative instruments directly with third parties in the over-the-counter market.

These financial derivative instruments are designated as cash flow hedging instruments, thus the effective portions of changes in the fair value of the financial derivatives are recorded in other comprehensive income (loss) prior to settlement and are subsequently recognized in the consolidated statements of operations in interest expense when the actual LIBOR based interest expenses impact earnings. The effectiveness of cash flow hedges is evaluated at inception and on an on-going basis. Changes in the fair value of cash flow hedges due to hedge ineffectiveness, if any, are recognized in interest expense. During the twelve months ended January 31, 2013 and 2012, the Company did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of the financial derivative contract gain or loss from the assessment of hedge effectiveness related to these cash flow hedges. The Company had recorded in prepaid expenses and other assets within its balance sheets $43 thousand and $169 thousand at January 31, 2013 and 2012, respectively, for the fair value of its cash flow hedges.

During the year ended January 31, 2012, the Company entered into interest rate cap option transactions with notional amounts of $100 million. These cap options are held for the purpose of hedging against variable interest rate risk related to the variability of cash flows in the interest payments on a portion of its variable-rate debt, based on the benchmark one-month LIBOR interest rate exceeding 1.0%. These cap options have monthly caplets extending through August, 2014. Changes in the cash flows of the interest rate cap transactions primarily offset the changes in cash flows (changes in base interest rate payments) attributable to fluctuations in the LIBOR interest rate. For the years ended January 31, 2013 and 2012, the Company recognized a fair value gain of approximately $70 thousand and a fair value loss of approximately $222 thousand, respectively, as a component of other comprehensive income (loss) net of tax effect related to time value of the interest rate caps. In addition, the Company reclassified losses of approximately $233 thousand and $78 thousand, respectively, into current earnings as a portion of the caps expired during the fiscal years ended January 31, 2013 and 2012, which is included in interest expense in the accompanying statement of operations.

The Company expects to reclassify net losses of $0.2 million to earnings during the next 12 months.

The Company had interest rate swaps that expired during fiscal year 2012. They were held for the purpose of hedging against variable interest rate risk related to the variability of cash flows in the interest payments on a portion of its variable-rate debt, based on changes in the benchmark one-month LIBOR interest rate. During the year ended January 31, 2011, the Company recognized income of approximately $0.1 million as a component of other comprehensive income (loss) related to the interest rate swaps and reclassified approximately $0.1 million into current earnings as the swaps expired during the period.

For the year ended January 31, 2013, 2012 and 2011, the Company had no reclassifications to earnings resulting from the discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

At January 31, 2013 and 2012, all derivative assets and liabilities qualifed for classification as Level 2 as defined by the GAAP hierarchy. The Company considers these over-the-counter derivative instruments entered into with third parties as Level 2 valuation since both the LIBOR pricing and valuations for these derivatives are obtained through third-party sources within active markets which are both directly and indirectly observable. All financial derivative assets and liabilities were non-trading positions.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Income Taxes

12 Months Ended

Jan. 31, 2013

Income Taxes [Abstract]

Income Taxes

7. Income Taxes

Deferred income taxes reflect the net effects of temporary timing differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. In evaluating the need for a valuation allowance on deferred tax assets, all available evidence is considered to determine whether a valuation allowance is needed. Future realization of deferred tax assets depends in part on the existence of sufficient taxable income within the carryback and carryforward period available under the tax law. Other criteria which are considered include the existence of deferred tax liabilities that can be used to realize deferred tax assets. Based upon the Company's review of all evidence in existence at January 31, 2013, the Company believes it is more likely than not that all established deferred tax assets will be fully realized, based primarily on the assumption of future taxable income. The Company had no uncertain tax positions at either January 31, 2013 or 2012.

The deferred tax assets and liabilities are summarized as follows:

(in thousands)	January 31,
	2013			2012
Deferred tax assets
Allowance for doubtful accounts	$	12,957		$	14,638
Deferred revenue		1,545			1,371
Stock-based compensation		2,004			2,624
Property and equipment		3,086			2,692
Inventories		670			603
Goodwill		135			406
Straight-line rent accrual		2,260			1,980
Accrual for store closures		1,785			2,853
Margin tax		818			714
Deferred gains on sale-leaseback transactions		2,971			246
Accrued vacation and other		1,238			904
Total deferred tax assets		29,469			29,031
Deferred tax liabilities
Sales tax receivable		(1,924	)		(1,485	)
Other		(664	)		(681	)
Total deferred tax liabilities		(2,588	)		(2,166	)
Net deferred tax asset	$	26,881		$	26,865

As of January 31, 2013, the Company had a deferred tax asset of approximately $2.0 million which has not been recognized related to indivdual state net operating loss carryforwards. Under the Company's current operating structure, it does not expect these state loss carryforwards will be realized.

The components of provision (benefit) for income taxes include:

	Year ended January 31,
(in thousands)	2013			2012			2011

Current:
Federal	$	28,795		$	(1,826	)	$	1,606
State		1,330			926			510
Total current		30,125			(900	)		2,116
Deferred:
Federal		(38	)		751			(969	)
State		22			(10	)		(9	)
Total deferred		(16	)		741			(978	)
Provision (benefit) for income taxes	$	30,109		$	(159	)	$	1,138

A reconciliation of the tax provision at the U.S. federal statutory tax rate and the total tax provision for each of the periods presented in the statements of operations follows:

	Year ended January 31,
(in thousands)	2013		2012			2011

Provision (benefit) at U.S. federal statutory rate	$	28,952	$	(1,359	)	$	23
State income taxes, net of federal benefit		878		594			322
Non-deductible entertainment, stock-based compensation and other		279		606			793
Total provision (benefit) for income taxes	$	30,109	$	(159	)	$	1,138

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Leases

12 Months Ended

Jan. 31, 2013

Leases [Abstract]

Leases

8. Leases

The Company leases certain of its facilities and operating equipment. The real estate leases generally have initial lease periods of from five to 15 years with renewal options at the discretion of the Company; the equipment leases generally provide for initial lease terms of three to seven years and provide for a purchase right by the Company at the end of the lease term at the fair market value of the equipment.

The following is a schedule of future minimum base rental payments required under the operating leases that have initial non-cancelable lease terms in excess of one year:

(in thousands)
Year ending January 31,	Total
2014		25,757
2015		23,230
2016		21,447
2017		18,653
2018		15,157
Thereafter		54,830
Total	$	159,074

Total lease expense was approximately $22.1 million, $22.6 million and $23.6 million for the years ended January 31, 2013, 2012 and 2011, respectively.

Certain of the Company's leases are subject to scheduled minimum rent increases or escalation provisions, the cost of which is recognized on a straight-line basis over the minimum lease term. At January 31, 2013 and 2012, the Company had a straight-line lease accrual of approximately $6.4 million and $5.6 million, respectively, included in accrued expenses on the accompanying balance sheet. Tenant improvement allowances, when granted by the lessor, are deferred and amortized as offset to lease expense over the term of the lease.

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

Common Stock	12 Months Ended
Common Stock	Jan. 31, 2013
Common Stock [Abstract]
Common Stock	9. Common Stock On December 12, 2012, the Company completed a common stock offering in which it sold 2,233,379 shares of common stock at a public offering price of $26.75 per share. The Company received net proceeds from the offering of $56.0 million, after deducting underwriting discounts and commissions and other offering-related expenses. Additionally, certain selling stockholders sold 4,091,621 shares in the offering. The Company did not receive any proceeds from the sale of shares by the selling stockholders. During the fiscal year ended January 31, 2012, the Company cancelled 1.7 million shares of treasury stock, which was accounted for under the cost method. The cancellation resulted in the cost of the treasury stock of approximately $37.1 million in excess of par value being written off to retained earnings. During the fiscal year ended January 31, 2011, the Company completed a common stock subscription rights offering, issuing one right to each shareholder of record as of the close of business on November 1, 2010, for each outstanding share of common stock on that day. The rights provided the holder with one basic subscription privilege and one oversubscription privilege. The basic subscription privilege entitled the holder to purchase .41155 shares of common stock at a price of $2.70 per share. The oversubscription privilege entitled the rights holder to purchase additional shares of stock at $2.70 per share, to the extent all basic subscription privileges were not exercised. The Company received gross proceeds of approximately $25.0 million and issued 9,259,390 shares of common stock in completing the rights offering. The proceeds from the rights were used in conjunction with the proceeds of other financing transactions completed in November 2010 to retire the debt outstanding under the Company's prior securitization program.

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.4-08.(d),(e))
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

Stock-Based Compensation

12 Months Ended

Jan. 31, 2013

Stock-Based Compensation [Abstract]

Stock-Based Compensation

10. Stock-Based Compensation

The Company has an Incentive Stock Option Plan, an Omnibus Incentive Plan, a Non-Employee Director Stock Option Plan and a Director Restricted Stock Plan which provide for grants of stock options and restricted stock units to employees and directors, as applicable. As of January 31, 2013, shares authorized for future issuance were: 425,247 under the Incentive Stock Option Plan; 636,748 under the Omnibus Incentive Plan; 50,000 under the Non-Employee Director Stock Option Plan; and 220,368 under the Director Restricted Stock Plan.

Stock options and restricted stock units generally vest over periods of one to five years from the date of grant. Stock options under the various plans are issued at prices equal to the market value on the date of the grant and, typically, expire ten years after the date of grant.

Employee Plans

A summary of the vesting activity under the Company's Incentive Stock Option Plan activity during the year ended January 31, 2013 is presented below (shares in thousands):

						Weighted
				Weighted		Average
	Shares			Average		Remaining		Aggregate
	Under			Exercise		Contractual		Intrinsic
	Option			Price		Life (in years)		Value

Outstanding, beginning of period		2,337		$	13.74
Options granted		88			21.93
Options exercised		(534	)		13.30
Forfeited		(58	)		5.35
Expired		(174	)		25.85
Outstanding, end of period		1,659		$	13.34		5.4	$25.8 million
Exercisable, end of period		1,052		$	16.11		4.6	$13.7 million

A summary of the vesting activity under the Company's Incentive Stock Option Plan during the year ended January 31, 2013 is presented below (shares in thousands):

				Weighted
				Average
	Shares			Grant
	Under			Date
	Option			Fair Value

Nonvested, beginning of period		881		$	3.67
Options granted		88			10.42
Options vested		(304	)		4.36
Canceled		(58	)		3.06
Nonvested, end of period		607		$	4.35

The restricted stock program consists of a combination of performance-based restricted stock units ("performance-based awards") and time-based restricted stock units ("time-based awards"). The number of performance-based units issued under the program, which can range from zero to 150 percent of the target units granted, is solely dependent upon the financial metrics achieved by the Company for the period identified in the grant. A summary of the restricted stock program under the Company's Omnibus Incentive Plan is presented below (shares in thousands):

	Time-Based Awards				Performance- Based Awards				Total
	No. of		Fair		No. of		Fair		Restricted
	units		Value (a)		units (b)		Value(a)		Stock Units

Outstanding, beginning of period		313	$	9		-		-		313
Restricted stock units granted		181		21		40		17		221
Restricted stock units vested and converted to common stock		(89)		8		-		-		(89)
Forfeited		(14)		12		-		-		(14)
Outstanding, end of period		391	$	15		40	$	17		431

(a)

Reflects the weighted average grant-date fair value.

(b)

Performance-based units outstanding assume achievement of target level financial metrics related to the fiscal year 2013 grants.

The assumptions used in stock pricing model and valuation information for stock options and restricted stock units granted for the years ended January 31, 2013, 2012 and 2011 are as follows:

	Year Ended January 31,
	2013			2012			2011

Weighted average risk free interest rate		0.5	%		0.4	%		2.2	%
Weighted average expected lives in years		3.8			3.5			6.5
Weighted average volatility		64.4	%		65.0	%		62.2	%
Expected dividends		-			-			-
Weighted average grant date fair value of options granted during the period	$	10.42		$	5.46		$	2.01
Weighted average grant date fair value of restricted stock units granted during the period	$	20.13		$	8.66		$	-
Weighted average grant date fair value of options vested during the period	$	4.36		$	5.00		$	6.76
Weighted average grant date fair value of restricted stock units vested during the period	$	8.33		$	5.23		$	-
Total fair value of options vested during the period	$1.3 million			$1.8 million			$2.0 million
Total fair value of restricted stock units vested during the period	$0.7 million			$0.2 million				-
Intrinsic value of options exercised during the period (1)	$3.9 million			$1.2 million			-
Intrinsic value of restricted stock units vested and converted during the period	$1.9 million			$0.5 million				-

____________

(1) Does not include pre-IPO options that were valued using the minimum value option-pricing method.

The Company used a shortcut method to compute the weighted average expected life for the stock options granted in the years ended January 31, 2013, 2012 and 2011. The shortcut method is an average based on the vesting period and the contractual term. The Company uses the shortcut method due to the lack of adequate historical experience or other comparable information. The weighted average volatility for the years ended January 31, 2013, 2012 and 2011 was calculated using the Company's historical volatility. As of January 31, 2013, the total compensation cost related to non-vested awards of stock options not yet recognized totaled $2.5 million and is expected to be recognized over a weighted average period of 2.5 years. As of January 31, 2013, the total compensation costs related to non-vested restricted stock units totaled $5.8 million and is expected to be recognized over a weighted average period of 3.6 years.

The Company's Employee Stock Purchase Plan is available to a majority of the employees of the Company, subject to minimum employment conditions and maximum compensation limitations. At the end of each calendar quarter, employee contributions are used to acquire shares of common stock at 85% of the lower of the fair market value of the common stock on the first or last day of the calendar quarter. During the years ended January 31, 2013, 2012 and 2011, the Company issued 28,992, 27,753 and 34,620 shares of common stock, respectively, to employees participating in the plan, leaving 1,082,640 shares remaining reserved for future issuance under the plan as of January 31, 2013.

Director Plans

During fiscal 2012, the Company granted non-employee directors 57,366 restricted stock units with a fair value of $5.23 per unit which vested in fiscal 2013. During fiscal 2013, the Company granted non-employee directors 22,266 restricted stock units with a fair value of $18.17 per unit which vest in fiscal 2014 and were outstanding at January 31, 2013. The total intrinsic value of the restricted stock units vested during fiscal 2013 was $1.0 million.

Prior to fiscal 2012, the Company granted non-employee directors stock options. As of January 31, 2012, 433,000 shares remained under option and exercisable with a weighted average exercise price of $15.14. During fiscal 2013, 120,000 options were exercised with a weighted average exercise price of $12.85 and a total intrinsic value of $1.7 million. As of January 31, 2013, 313,000 shares remained under option with a weighted average exercise price of $16.02, a weighted average contractual life of 4.52 years and an aggregate intrinsic value of $3.9 million.

During the years ended January 31, 2013, 2012 and 2011, the Company recognized total compensation cost for stock-based compensation of approximately $2.9 million, $2.4 million and $2.2 million, respectively, and recognized tax benefits related to that compensation cost of approximately $0.8 million, $0.5 million, and $0.3 million, respectively.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Significant Vendors

12 Months Ended

Jan. 31, 2013

Significant Vendors [Abstract]

Significant Vendors

11. Significant Vendors

As shown in the table below, a significant portion of the Company's merchandise purchases for years ended January 31, 2013, 2012 and 2011 were made from six vendors:

	Year ended January 31,
Vendor	2013	2012	2011

A	20.7 %	19.0 %	17.1 %
B	18.1	12.6	14.2
C	5.7	12.1	9.5
D	5.4	9.2	9.4
E	5.2	5.6	7.7
F	5.1	5.6	6.1
Totals	60.2 %	64.1 %	64.0 %

The vendors shown above represent the top six vendors with the highest volume in each period shown. The same vendor may not necessarily be represented in all periods presented.

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6327-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 21, 22, 24
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Related Party Transactions	12 Months Ended
Related Party Transactions	Jan. 31, 2013
Related Party Transactions [Abstract]
Related Party Transactions	12. Related Party Transactions From time to time, the Company has engaged Stephens Inc. to act as its financial advisor. In connection with the common stock offering completed during the year ended January 31, 2013 and further discussed in Note 9, the Company engaged Stephens Inc. to act as one of the underwriters for the offering. Stephens Inc. received underwriting fees and commission of approximately $1.1 million in connection with the sale of shares by the Company in the offering. Stephens Inc. and its affiliates beneficially owned 7,316,812 shares, or approximately 22.3% of the Company's common stock as of November 29, 2012. Douglas H. Martin, one of the Company's directors, is an Executive Vice President of Stephens Inc. and was one of the selling stockholders. The disinterested members of the Company's board of directors have determined that it is in the Company's best interest to engage Stephens Inc. in such capacity, and the engagement of Stephens Inc. as financial advisor was approved by the independent members of the Company's board of directors after full disclosure of the conflicts of interests of the related parties in the transaction. During fiscal year 2013, the Company continued to engage the services of Direct Marketing Solutions, Inc. ("DMS"), for a substantial portion of its direct mailing advertising. DMS was partially owned (less than 50%) by the SF Holding Corp., members of the Stephens family, Jon E.M. Jacoby and Douglas H. Martin during fiscal years 2011, 2012 and a portion of 2013. The owners of DMS sold the company during fiscal year 2013. SF Holding Corp. and the members of the Stephens family are significant stockholders of the Company, and Messrs. Jacoby and Martin are members of its board of directors. Amounts paid to DMS for fees and postage during the fiscal years ended January 31, 2013, 2012 and 2011 totaled approximately $2.2 million, $2.3 million and $2.4 million, respectively. In connection with the Company's rights offering, completed during the year ended January 31, 2011, the Company engaged Stephens Inc. to act as its financial advisor and paid it an advisory fee of $937,500 plus reimbursed them for approximately $22,000 of fees and expenses. Stephens Inc. and its affiliates, owned approximately 24.9% of the Company's outstanding common stock at the time of the rights offering, and Douglas H. Martin, one of its directors, is a Senior Managing Director of Stephens Inc. The engagement of Stephens Inc. as financial advisor was approved by both the rights committee of the Company's board and the full board of directors after full disclosure of the conflicts of interests of the related parties in the transaction.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 3
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-Name Accounting Standards Codification
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-Paragraph 4
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 850
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-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph b
-Article 3A

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Benefit Plans	12 Months Ended
Benefit Plans	Jan. 31, 2013
Benefit Plans [Abstract]
Benefit Plans	13. Benefit Plans The Company has established a defined contribution 401(k) plan for eligible employees who are at least 21 years old and have completed at least one-year of service. Employees may contribute up to 20% of their eligible pretax compensation to the plan. The Company matches 100% of the first 3% of the employees' contributions. At its option, the Company may make supplemental contributions to the Plan, but has not made such contributions in the past three years. The matching contributions made by the Company totaled $0.9 million, $0.8 million and $1.0 million during the years ended January 31, 2013, 2012 and 2011, respectively.

The entire disclosure for pension and other postretirement benefits.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-Number 132R
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Contingencies	12 Months Ended
Contingencies	Jan. 31, 2013
Contingencies [Abstract]
Contingencies	14. Contingencies Litigation. The Company is involved in routine litigation and claims incidental to its business from time to time and, as required, has accrued its estimate of the probable costs for the resolution of these matters, which are not expected to be material. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. However, the results of these proceedings cannot be predicted with certainty, and changes in facts and circumstances could impact the Company's estimate of reserves for litigation. Insurance. Because of its inventory, vehicle fleet and general operations, the Company has purchased insurance covering a broad variety of potential risks. The Company purchases insurance policies covering general liability, workers compensation, real property, inventory and employment practices liability, among others. Additionally, the Company has umbrella policies with an aggregate limit of $50.0 million. The Company has retained a portion of the risk under these policies and its group health insurance program. See additional discussion under Note 1. The Company has a $1.3 million letter of credit outstanding supporting its obligations under the property and casualty portion of its insurance program.

Segment Information

12 Months Ended

Jan. 31, 2013

Segment Information [Abstract]

Segment Information

15. Segment Information

Financial information by segment is presented in the following tables for fiscal years ended January 31, 2013, 2012 and 2011:

	Year ended January 31, 2013
	Retail			Credit		Total
(in thousands)
Revenues
Product sales	$	649,516		$	-	$	649,516
Repair service agreement commissions		51,648			-		51,648
Service revenues		13,103			-		13,103
Total net sales		714,267			-		714,267
Finance charges and other		1,236			149,529		150,765
Total revenues		715,503			149,529		865,032
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs		454,682			-		454,682
Cost of parts, including warehousing and occupancy costs		5,965			-		5,965
Selling, general and administrative expense (a)		197,498			55,691		253,189
Provision for bad debts		758			46,901		47,659
Charges and credits		2,498			527		3,025
Total cost and expenses		661,401			103,119		764,520
Operating income		54,102			46,410		100,512
Interest expense		-			17,047		17,047
Loss from early extinguishment of debt		-			897		897
Other expense, net		(153	)		-		(153	)
Income before income taxes	$	54,255		$	28,466	$	82,721

Total assets	$	188,609		$	721,248	$	909,857
Property and equipment additions	$	31,820		$	533	$	32,353
Depreciation expense	$	8,479		$	473	$	8,952

	Year ended January 31, 2012
	Retail		Credit			Total
(in thousands)
Revenues
Product sales	$	596,360	$	-		$	596,360
Repair service agreement commissions		42,078		-			42,078
Service revenues		15,246		-			15,246
Total net sales		653,684		-			653,684
Finance charges and other		1,335		137,283			138,618
Total revenues		655,019		137,283			792,302
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs		455,493		-			455,493
Cost of parts, including warehousing and occupancy costs		6,527		-			6,527
Selling, general and administrative expense (a)		180,234		56,864			237,098
Provision for bad debts		590		52,965			53,555
Charges and credits		9,522		406			9,928
Total cost and expenses		652,366		110,235			762,601
Operating income		2,653		27,048			29,701
Interest expense		-		22,457			22,457
Loss from early extinguishment of debt		-		11,056			11,056
Other expense, net		70		-			70
Income (loss) before income taxes	$	2,583	$	(6,465	)	$	(3,882	)

Total assets	$	159,269	$	624,029		$	783,298
Property and equipment additions	$	4,236	$	150		$	4,386
Depreciation expense	$	10,080	$	545		$	10,625

	Year ended January 31, 2011
	Retail		Credit			Total
(in thousands)
Revenues
Product sales	$	608,443	$	-		$	608,443
Repair service agreement commissions		37,795		-			37,795
Service revenues		16,487		-			16,487
Total net sales		662,725		-			662,725
Finance charges and other		857		145,193			146,050
Total revenues		663,582		145,193			808,775
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs		474,696		-			474,696
Cost of parts, including warehousing and occupancy costs		7,779		-			7,779
Selling, general and administrative expense (a)		175,778		64,028			239,806
Provision for bad debts		817		50,587			51,404
Charges and credits		2,321		-			2,321
Total cost and expenses		661,391		114,615			776,006
Operating income		2,191		30,578			32,769
Interest expense		-		28,081			28,081

Costs related to financing facilities terminated and transactions not completed		-		4,283			4,283
Other expense, net		339		-			339
Income (loss) before income taxes	$	1,852	$	(1,786	)	$	66

Total assets	$	199,541	$	642,519		$	842,060
Property and equipment additions	$	2,243	$	785		$	3,028
Depreciation expense	$	12,316	$	453		$	12,769

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Quarterly Information

12 Months Ended

Jan. 31, 2013

Quarterly Information [Abstract]

Quarterly Information

16. Quarterly Information

The following tables set forth certain unaudited quarterly statement of operations information for the eight quarters ended January 31, 2013. The unaudited quarterly information has been prepared on a consistent basis and includes all normal recurring adjustments that management considers necessary for a fair presentation of the information shown.

	Fiscal Year 2013
(dollars in thousands, except per share amounts)	Quarter Ended
(dollars in thousands, except per share amounts)	Apr. 30			Jul. 31			Oct. 31			Jan. 31			Total

Revenues:
Retail Segment	$	167,178		$	171,931		$	167,663		$	208,731		$	715,503
Credit Segment		33,673			35,505			38,738			41,613			149,529
Total revenues		200,851			207,436			206,401			250,344			865,032

Percent of annual revenues		23.2	%		24.0	%		23.9	%		28.9	%		100.0	%

Operating income:
Retail Segment	$	10,761		$	12,537		$	12,308		$	18,496		$	54,102
Credit Segment		11,093			10,617			11,583			13,117			46,410
Total operating income		21,854			23,154			23,891			31,613			100,512

Interest expense		3,759			4,874			4,526			3,888			17,047
Loss from early extinguishment of debt		-			-			818			79			897
Other (income) expense		(96	)		(6	)		(3	)		(48	)		(153	)
Income before income taxes		18,191			18,286			18,550			27,694			82,721
Provision for income taxes		6,635			6,680			6,765			10,029			30,109
Net income	$	11,556		$	11,606		$	11,785		$	17,665		$	52,612

Earnings per share:
Basic	$	0.36		$	0.36		$	0.36		$	0.52		$	1.60
Diluted	$	0.35		$	0.35		$	0.35		$	0.50		$	1.56

Outstanding shares:
Basic		32,195			32,404			32,553			34,072			32,862
Diluted		32,904			33,119			33,539			35,161			33,768

	Fiscal Year 2012
(dollars in thousands, except per share amounts)	Quarter Ended
(dollars in thousands, except per share amounts)	Apr. 30			Jul. 31			Oct. 31			Jan. 31			Total

Revenues:
Retail Segment	$	157,295		$	152,380		$	155,016		$	190,328		$	655,019
Credit Segment		34,687			34,646			31,607			36,343			137,283
Total revenues		191,982			187,026			186,623			226,671			792,302

Percent of annual revenues		24.2	%		23.6	%		23.6	%		28.6	%		100.0	%

Operating income (loss):
Retail Segment	$	4,867		$	(551	)	$	(5,884	)	$	4,221		$	2,653
Credit Segment		9,923			13,521			(8,560	)		12,164			27,048
Total operating income (loss)		14,790			12,970			(14,444	)		16,385			29,701

Interest expense		7,556			7,004			3,919			3,978			22,457
Loss from early extinguishment of debt		-			11,056			-			-			11,056
Other (income) expense		52			34			(5	)		(11	)		70
Income (loss) before income taxes		7,182			(5,124	)		(18,358	)		12,418			(3,882	)
Provision (benefit) for income taxes		2,781			(2,022	)		(5,635	)		4,717			(159	)
Net income (loss)	$	4,401		$	(3,102	)	$	(12,723	)	$	7,701		$	(3,723	)

Earnings (loss) per share:
Basic	$	0.14		$	(0.10	)	$	(0.40	)	$	0.24		$	(0.12	)
Diluted	$	0.14		$	(0.10	)	$	(0.40	)	$	0.24		$	(0.12	)

Outstanding shares:
Basic		31,768			31,808			31,881			31,997			31,860
Diluted		31,772			31,808			31,881			32,572			31,860

As further discussed in Note 2, the Company recorded a pre-tax charge of $14.1 million, net of previously provided reserves, in connection with the required adoption of new accounting guidance related to Troubled Debt Restructuring. This amount is reported within the credit segment.

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

Valuation and Qualifying Accounts [Abstract]

Subsequent Events	12 Months Ended
Subsequent Events	Jan. 31, 2013
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events On March 27, 2013, the Company received an additional $40 million of lender commitments under its asset-based loan facility increasing total commitments under the facility to $585 million. The maturity date of September 2016 and other terms of the amended and restated facility remained unchanged.

Valuation and Qualifying Accounts

12 Months Ended

Jan. 31, 2013

Valuation and Qualifying Accounts

Schedule II — Valuation and Qualifying Accounts

Conn's, Inc. and Subsidiaries


			Additions
	Balance at		Charged to		Charged to
(Dollars in thousands)	Beginning of		Costs and		other					Balance at
Description	Period		Expenses		Accounts (a)		Deductions (b)			End of Period
Year ended January 31, 2011
Reserves and allowances from asset accounts:
Allowance for doubtful accounts	$	44,674	$	51,433	$	9,227	$	(61,259	)	$	44,075

Year ended January 31, 2012
Reserves and allowances from asset accounts:
Allowance for doubtful accounts		44,075		52,605		9,448		(56,170	)		49,958

Year ended January 31, 2013
Reserves and allowances from asset accounts:
Allowance for doubtful accounts		49,958		47,614		8,130		(61,791	)		43,911

(a)	Includes provision for uncollectible interest, which is included in finance charges and other.

(b)	Uncollectible principal and interest written off, net of recoveries.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Principles of Consolidation

·	The Company directed the activities that generated the customer receivables that were transferred to the VIE;

·	The Company directs the servicing activities related to the collection of the customer receivables transferred to the VIE;

·	The Company absorbs losses incurred by the VIE to the extent of its interest in the VIE before any other investors incur losses; and

·	The Company has the right to receive benefits generated by the VIE after paying the contractual amounts due to the other investors.

	Year Ended January 31,
(in thousands)	2013		2012		2011

Weighted average common shares outstanding - Basic		32,862		31,860		26,091
Assumed exercise of stock options		763		-		-
Unvested restricted stock units		143		-		-
Weighted average common shares outstanding - Diluted		33,768		31,860		26,091

Cash and Cash Equivalents

Inventories

Property and Equipment

The estimated lives used to compute depreciation expense are summarized as follows:


Buildings	30 years
Equipment and fixtures	3-5 years
Transportation equipment	3 years
Leasehold improvements	5-15 years

Property and Equipment Impairment

Restructured Customer Accounts Receivable

Allowance for Doubtful Accounts

Interest Income on Customer Accounts Receivable

Revenue Recognition

Stock-Based Compensation

Self-insurance

Expense Classifications

Advertising costs are expensed as incurred. Advertising expense for the years ended January 31, 2013, 2012 and 2011, was $34.7 million, $29.7 million and $30.3 million, respectively.

Income Taxes

Sales Taxes

Sales Taxes. The Company records and reports all sales taxes collected on a net basis in the financial statements.

Fair Value of Financial Instruments

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

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

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

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Shares outstanding for the earnings (loss) per share calculations

	Year Ended January 31,
(in thousands)	2013		2012		2011

Weighted average common shares outstanding - Basic		32,862		31,860		26,091
Assumed exercise of stock options		763		-		-
Unvested restricted stock units		143		-		-
Weighted average common shares outstanding - Diluted		33,768		31,860		26,091

Estimated lives for depreciation expense

The estimated lives used to compute depreciation expense are summarized as follows:


Buildings	30 years
Equipment and fixtures	3-5 years
Transportation equipment	3 years
Leasehold improvements	5-15 years

Supplemental Disclosure of Finance Charges and Other Revenue (Tables)

12 Months Ended

Jan. 31, 2013

Supplemental Disclosure of Finance Charges and Other Revenue [Abstract]

Summary of the classification of the amounts as Finance charges and other

The following is a summary of the classification of the amounts included as finance charges and other for the year ended January 31, 2013, 2012 and 2011:

	Year ended January 31,
(in thousands)	2013		2012		2011
Interest income and fees on customer receivables	$	124,484	$	117,084	$	125,293
Insurance commissions		25,045		20,199		19,900
Other		1,236		1,335		857
	$	150,765	$	138,618	$	146,050

Supplemental Disclosure of Customer Receivables (Tables)

12 Months Ended

Jan. 31, 2013

Supplemental Disclosure of Customer Receivables [Abstract]

Quantitative information about receivables portfolio

	Total Outstanding Balance
	Customer Accounts Receivable						60 Days Past Due (1)				Re-aged (1)
	Year ended January 31,						Year ended January 31,				Year ended January 31,
(in thousands)	2013			2012			2013		2012		2013		2012
Customer Accounts Receivable:
>= 575 credit score at origination	$	576,040		$	479,301		$	31,295	$	23,424	$	36,448	$	26,005
< 575 credit score at origination		126,697			115,128			10,409		11,278		11,309		14,033
		702,737			594,429			41,704		34,702		47,757		40,038
Restructured Accounts (2):
>= 575 credit score at origination		26,057			27,760			7,259		11,428		26,030		27,749
< 575 credit score at origination		12,750			21,112			3,876		9,060		12,641		21,076
		38,807			48,872			11,135		20,488		38,671		48,825
Total receivables managed		741,544			643,301		$	52,839	$	55,190	$	86,428	$	88,863

Allowance for uncollectible accounts related to the credit portfolio		(43,911	)		(49,904	)
Allowances for promotional credit programs		(6,572	)		(4,074	)
Short-term portion of customer accounts receivable, net		(378,050	)		(316,385	)
Long-term customer accounts receivable, net	$	313,011		$	272,938

(1)

(2)

					Net Credit
	Average Balances				Charge-offs (3)
	Year ended January 31,				Year ended January 31,
(in thousands)	2013		2012		2013		2012
Customer Accounts Receivable:
>= 575 credit score at origination	$	514,491	$	457,552	$	22,967	$	19,705
< 575 credit score at origination		114,932		130,024		11,435		15,157
Subtotal		629,423		587,576		34,132		34,862
Restructured Accounts:
>= 575 credit score at origination		24,161		22,074		10,571		6,391
< 575 credit score at origination		15,445		16,788		8,573		5,686
Subtotal		39,606		38,862		19,144		12,077
Total receivables managed	$	669,029	$	626,438	$	53,276	$	46,939

(3)	Amounts represent total credit principal charge-offs, net of recoveries, on total customer receivables. Charge-offs of restructured accounts include activity for the full fiscal year to reflect retrospective application.

Allowance for doubtful accounts and uncollectible interest for customer receivables

Following is the activity in the Company's balance in the allowance for doubtful accounts and uncollectible interest for customer receivables for the year ended January 31, 2013 and 2012:

	Year ended January 31, 2013									Year ended January 31, 2012
(in thousands)	Customer Accounts Receivable			Restructured Accounts			Total			Customer Accounts Receivable			Restructured Accounts			Total
Allowance at beginning of period	$	24,518		$	25,386		$	49,904		$	44,015		$	-		$	44,015
Provision (a)		42,772			13,027			55,799			21,778			39,684			61,462
Principal charge-offs (b)		(36,647	)		(20,555	)		(57,202	)		(37,181	)		(12,881	)		(50,062	)
Interest charge-offs		(5,456	)		(3,060	)		(8,516	)		(6,413	)		(2,221	)		(8,634	)
Recoveries (b)		2,515			1,411			3,926			2,319			804			3,123
Allowance at end of period	$	27,702		$	16,209		$	43,911		$	24,518		$	25,386		$	49,904

(a)	Includes provision for uncollectible interest, which is included in finance charges and other as further discussed in Note 3.

(b)	Charge-offs include the principal amount of losses (excluding accrued and unpaid interest), and recoveries include principal collections during the period shown of previously charged-off balances. These amounts represent net charge-offs.

Accrual for Store Closures and Other expense (Tables)

12 Months Ended

Jan. 31, 2013

Accrual for Store Closures [Abstract]

Activity in accrual for store closures

	Year ended January 31,
(in thousands)	2013			2012
Balance at beginning of period	$	8,106		$	-
Accrual for closures		789			8,780
Change in estimate		75			(42	)
Cash payments		(3,899	)		(632	)
Balance at end of period	$	5,071		$	8,106


	January 31,
Balance sheet presentation:		2013			2012
Accrued expenses	$	3,441		$	4,314
Other long-term liabilities		1,630			3,792
	$	5,071		$	8,106

Debt, Letters of Credit and Derivatives (Tables)

12 Months Ended

Jan. 31, 2013

Debt, Letters of Credit and Derivatives [Abstract]

Long term debt

The Company's long-term debt consisted of the following at the period ended:

	As of January 31,
(in thousands)	2013		2012
Asset-based revolving credit facility	$	262,401	$	313,250
Asset-backed notes, net of discount of $205		32,307		-
Real estate loan		-		7,398
Other long-term debt		349		1,056
Total debt		295,057		321,704
Less current portion of debt		32,526		726
Long-term debt	$	262,531	$	320,978

Aggregate maturities of long-term debt

Aggregate maturities of long-term debt as of January 31, in the year indicated are as follows:

(in thousands)
Year ending January 31,
2014	$	32,526
2015		130
2016		-
2017		262,401
2018		-
Total	$	295,057

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2013

Income Taxes [Abstract]

Deferred tax assets and liabilities

The deferred tax assets and liabilities are summarized as follows:

(in thousands)	January 31,
	2013			2012
Deferred tax assets
Allowance for doubtful accounts	$	12,957		$	14,638
Deferred revenue		1,545			1,371
Stock-based compensation		2,004			2,624
Property and equipment		3,086			2,692
Inventories		670			603
Goodwill		135			406
Straight-line rent accrual		2,260			1,980
Accrual for store closures		1,785			2,853
Margin tax		818			714
Deferred gains on sale-leaseback transactions		2,971			246
Accrued vacation and other		1,238			904
Total deferred tax assets		29,469			29,031
Deferred tax liabilities
Sales tax receivable		(1,924	)		(1,485	)
Other		(664	)		(681	)
Total deferred tax liabilities		(2,588	)		(2,166	)
Net deferred tax asset	$	26,881		$	26,865

Components of provision (benefit) for income taxes

The components of provision (benefit) for income taxes include:

	Year ended January 31,
(in thousands)	2013			2012			2011

Current:
Federal	$	28,795		$	(1,826	)	$	1,606
State		1,330			926			510
Total current		30,125			(900	)		2,116
Deferred:
Federal		(38	)		751			(969	)
State		22			(10	)		(9	)
Total deferred		(16	)		741			(978	)
Provision (benefit) for income taxes	$	30,109		$	(159	)	$	1,138

Reconciliation of tax provision at statutory rate

A reconciliation of the tax provision at the U.S. federal statutory tax rate and the total tax provision for each of the periods presented in the statements of operations follows:

	Year ended January 31,
(in thousands)	2013		2012			2011

Provision (benefit) at U.S. federal statutory rate	$	28,952	$	(1,359	)	$	23
State income taxes, net of federal benefit		878		594			322
Non-deductible entertainment, stock-based compensation and other		279		606			793
Total provision (benefit) for income taxes	$	30,109	$	(159	)	$	1,138

Leases (Tables)

12 Months Ended

Jan. 31, 2013

Leases [Abstract]

Schedule of future minimum base rental payments [Table Text Block]

The following is a schedule of future minimum base rental payments required under the operating leases that have initial non-cancelable lease terms in excess of one year:

(in thousands)
Year ending January 31,	Total
2014		25,757
2015		23,230
2016		21,447
2017		18,653
2018		15,157
Thereafter		54,830
Total	$	159,074

Stock-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2013

Stock-Based Compensation [Abstract]

Summary of Incentive Stock Option Plan activity

A summary of the vesting activity under the Company's Incentive Stock Option Plan activity during the year ended January 31, 2013 is presented below (shares in thousands):

						Weighted
				Weighted		Average
	Shares			Average		Remaining		Aggregate
	Under			Exercise		Contractual		Intrinsic
	Option			Price		Life (in years)		Value

Outstanding, beginning of period		2,337		$	13.74
Options granted		88			21.93
Options exercised		(534	)		13.30
Forfeited		(58	)		5.35
Expired		(174	)		25.85
Outstanding, end of period		1,659		$	13.34		5.4	$25.8 million
Exercisable, end of period		1,052		$	16.11		4.6	$13.7 million

Summary of the vesting activity under the Incentive Stock Option Plan

A summary of the vesting activity under the Company's Incentive Stock Option Plan during the year ended January 31, 2013 is presented below (shares in thousands):

				Weighted
				Average
	Shares			Grant
	Under			Date
	Option			Fair Value

Nonvested, beginning of period		881		$	3.67
Options granted		88			10.42
Options vested		(304	)		4.36
Canceled		(58	)		3.06
Nonvested, end of period		607		$	4.35

Summary of the restricted stock units granted under the Omnibus Incentive Plan activity

	Time-Based Awards				Performance- Based Awards				Total
	No. of		Fair		No. of		Fair		Restricted
	units		Value (a)		units (b)		Value(a)		Stock Units

Outstanding, beginning of period		313	$	9		-		-		313
Restricted stock units granted		181		21		40		17		221
Restricted stock units vested and converted to common stock		(89)		8		-		-		(89)
Forfeited		(14)		12		-		-		(14)
Outstanding, end of period		391	$	15		40	$	17		431

(a)

Reflects the weighted average grant-date fair value.

(b)

Performance-based units outstanding assume achievement of target level financial metrics related to the fiscal year 2013 grants.

Assumptions used in stock pricing model and valuation information for stock options and restricted stock units granted

The assumptions used in stock pricing model and valuation information for stock options and restricted stock units granted for the years ended January 31, 2013, 2012 and 2011 are as follows:

	Year Ended January 31,
	2013			2012			2011

Weighted average risk free interest rate		0.5	%		0.4	%		2.2	%
Weighted average expected lives in years		3.8			3.5			6.5
Weighted average volatility		64.4	%		65.0	%		62.2	%
Expected dividends		-			-			-
Weighted average grant date fair value of options granted during the period	$	10.42		$	5.46		$	2.01
Weighted average grant date fair value of restricted stock units granted during the period	$	20.13		$	8.66		$	-
Weighted average grant date fair value of options vested during the period	$	4.36		$	5.00		$	6.76
Weighted average grant date fair value of restricted stock units vested during the period	$	8.33		$	5.23		$	-
Total fair value of options vested during the period	$1.3 million			$1.8 million			$2.0 million
Total fair value of restricted stock units vested during the period	$0.7 million			$0.2 million				-
Intrinsic value of options exercised during the period (1)	$3.9 million			$1.2 million			-
Intrinsic value of restricted stock units vested and converted during the period	$1.9 million			$0.5 million				-

____________

(1) Does not include pre-IPO options that were valued using the minimum value option-pricing method.

Significant Vendors (Tables)

12 Months Ended

Jan. 31, 2013

Significant Vendors [Abstract]

Vendor portion of the Company's merchandise purchases [Table Text Block]

As shown in the table below, a significant portion of the Company's merchandise purchases for years ended January 31, 2013, 2012 and 2011 were made from six vendors:

	Year ended January 31,
Vendor	2013	2012	2011

A	20.7 %	19.0 %	17.1 %
B	18.1	12.6	14.2
C	5.7	12.1	9.5
D	5.4	9.2	9.4
E	5.2	5.6	7.7
F	5.1	5.6	6.1
Totals	60.2 %	64.1 %	64.0 %

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

Financial information by segment

Segment Information (Tables)

12 Months Ended

Jan. 31, 2013

Segment Information [Abstract]

Financial information by segment is presented in the following tables for fiscal years ended January 31, 2013, 2012 and 2011:

	Year ended January 31, 2013
	Retail			Credit		Total
(in thousands)
Revenues
Product sales	$	649,516		$	-	$	649,516
Repair service agreement commissions		51,648			-		51,648
Service revenues		13,103			-		13,103
Total net sales		714,267			-		714,267
Finance charges and other		1,236			149,529		150,765
Total revenues		715,503			149,529		865,032
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs		454,682			-		454,682
Cost of parts, including warehousing and occupancy costs		5,965			-		5,965
Selling, general and administrative expense (a)		197,498			55,691		253,189
Provision for bad debts		758			46,901		47,659
Charges and credits		2,498			527		3,025
Total cost and expenses		661,401			103,119		764,520
Operating income		54,102			46,410		100,512
Interest expense		-			17,047		17,047
Loss from early extinguishment of debt		-			897		897
Other expense, net		(153	)		-		(153	)
Income before income taxes	$	54,255		$	28,466	$	82,721

Total assets	$	188,609		$	721,248	$	909,857
Property and equipment additions	$	31,820		$	533	$	32,353
Depreciation expense	$	8,479		$	473	$	8,952

	Year ended January 31, 2012
	Retail		Credit			Total
(in thousands)
Revenues
Product sales	$	596,360	$	-		$	596,360
Repair service agreement commissions		42,078		-			42,078
Service revenues		15,246		-			15,246
Total net sales		653,684		-			653,684
Finance charges and other		1,335		137,283			138,618
Total revenues		655,019		137,283			792,302
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs		455,493		-			455,493
Cost of parts, including warehousing and occupancy costs		6,527		-			6,527
Selling, general and administrative expense (a)		180,234		56,864			237,098
Provision for bad debts		590		52,965			53,555
Charges and credits		9,522		406			9,928
Total cost and expenses		652,366		110,235			762,601
Operating income		2,653		27,048			29,701
Interest expense		-		22,457			22,457
Loss from early extinguishment of debt		-		11,056			11,056
Other expense, net		70		-			70
Income (loss) before income taxes	$	2,583	$	(6,465	)	$	(3,882	)

Total assets	$	159,269	$	624,029		$	783,298
Property and equipment additions	$	4,236	$	150		$	4,386
Depreciation expense	$	10,080	$	545		$	10,625

	Year ended January 31, 2011
	Retail		Credit			Total
(in thousands)
Revenues
Product sales	$	608,443	$	-		$	608,443
Repair service agreement commissions		37,795		-			37,795
Service revenues		16,487		-			16,487
Total net sales		662,725		-			662,725
Finance charges and other		857		145,193			146,050
Total revenues		663,582		145,193			808,775
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs		474,696		-			474,696
Cost of parts, including warehousing and occupancy costs		7,779		-			7,779
Selling, general and administrative expense (a)		175,778		64,028			239,806
Provision for bad debts		817		50,587			51,404
Charges and credits		2,321		-			2,321
Total cost and expenses		661,391		114,615			776,006
Operating income		2,191		30,578			32,769
Interest expense		-		28,081			28,081

Costs related to financing facilities terminated and transactions not completed		-		4,283			4,283
Other expense, net		339		-			339
Income (loss) before income taxes	$	1,852	$	(1,786	)	$	66

Total assets	$	199,541	$	642,519		$	842,060
Property and equipment additions	$	2,243	$	785		$	3,028
Depreciation expense	$	12,316	$	453		$	12,769

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Schedule of quarterly financial information

Quarterly Information (Tables)

12 Months Ended

Jan. 31, 2013

Quarterly Information [Abstract]

	Fiscal Year 2013
(dollars in thousands, except per share amounts)	Quarter Ended
(dollars in thousands, except per share amounts)	Apr. 30			Jul. 31			Oct. 31			Jan. 31			Total

Revenues:
Retail Segment	$	167,178		$	171,931		$	167,663		$	208,731		$	715,503
Credit Segment		33,673			35,505			38,738			41,613			149,529
Total revenues		200,851			207,436			206,401			250,344			865,032

Percent of annual revenues		23.2	%		24.0	%		23.9	%		28.9	%		100.0	%

Operating income:
Retail Segment	$	10,761		$	12,537		$	12,308		$	18,496		$	54,102
Credit Segment		11,093			10,617			11,583			13,117			46,410
Total operating income		21,854			23,154			23,891			31,613			100,512

Interest expense		3,759			4,874			4,526			3,888			17,047
Loss from early extinguishment of debt		-			-			818			79			897
Other (income) expense		(96	)		(6	)		(3	)		(48	)		(153	)
Income before income taxes		18,191			18,286			18,550			27,694			82,721
Provision for income taxes		6,635			6,680			6,765			10,029			30,109
Net income	$	11,556		$	11,606		$	11,785		$	17,665		$	52,612

Earnings per share:
Basic	$	0.36		$	0.36		$	0.36		$	0.52		$	1.60
Diluted	$	0.35		$	0.35		$	0.35		$	0.50		$	1.56

Outstanding shares:
Basic		32,195			32,404			32,553			34,072			32,862
Diluted		32,904			33,119			33,539			35,161			33,768

	Fiscal Year 2012
(dollars in thousands, except per share amounts)	Quarter Ended
(dollars in thousands, except per share amounts)	Apr. 30			Jul. 31			Oct. 31			Jan. 31			Total

Revenues:
Retail Segment	$	157,295		$	152,380		$	155,016		$	190,328		$	655,019
Credit Segment		34,687			34,646			31,607			36,343			137,283
Total revenues		191,982			187,026			186,623			226,671			792,302

Percent of annual revenues		24.2	%		23.6	%		23.6	%		28.6	%		100.0	%

Operating income (loss):
Retail Segment	$	4,867		$	(551	)	$	(5,884	)	$	4,221		$	2,653
Credit Segment		9,923			13,521			(8,560	)		12,164			27,048
Total operating income (loss)		14,790			12,970			(14,444	)		16,385			29,701

Interest expense		7,556			7,004			3,919			3,978			22,457
Loss from early extinguishment of debt		-			11,056			-			-			11,056
Other (income) expense		52			34			(5	)		(11	)		70
Income (loss) before income taxes		7,182			(5,124	)		(18,358	)		12,418			(3,882	)
Provision (benefit) for income taxes		2,781			(2,022	)		(5,635	)		4,717			(159	)
Net income (loss)	$	4,401		$	(3,102	)	$	(12,723	)	$	7,701		$	(3,723	)

Earnings (loss) per share:
Basic	$	0.14		$	(0.10	)	$	(0.40	)	$	0.24		$	(0.12	)
Diluted	$	0.14		$	(0.10	)	$	(0.40	)	$	0.24		$	(0.12	)

Outstanding shares:
Basic		31,768			31,808			31,881			31,997			31,860
Diluted		31,772			31,808			31,881			32,572			31,860

Summary of Significant Accounting Policies (Details) shares in Thousands, $ in Thousands	3 Months Ended								6 Months Ended	12 Months Ended
	Jan. 31, 2013 USD ($) shares	Oct. 31, 2012 shares	Jul. 31, 2012 shares	Apr. 30, 2012 shares	Jan. 31, 2012 USD ($) shares	Oct. 31, 2011 shares	Jul. 31, 2011 shares	Apr. 30, 2011 shares	Jul. 31, 2011	Jan. 31, 2013 USD ($) Segment Vendor Property shares	Jan. 31, 2012 USD ($) shares	Jan. 31, 2011 USD ($) shares
Business Activities [Abstract]
Operating segments \| Segment										2
Vendor Programs [Abstract]
Vendor rebates										$ 64,300	$ 62,700	$ 63,700
Vendor rebate period										3 years
Number of vendors with rebates \| Vendor										50
Minimum rebate program period										1 month
Maximum rebate program period										1 year
Shares outstanding for earnings (loss) per share calculations [Abstract]
Weighted average common shares outstanding - Basic (in shares) \| shares	34,072	32,553	32,404	32,195	31,997	31,881	31,808	31,768		32,862	31,860	26,091
Weighted average common shares outstanding - Diluted (in shares) \| shares	35,161	33,539	33,119	32,904	32,572	31,881	31,808	31,772		33,768	31,860	26,091
Weighted average number of options not included in the calculation of the dilutive effect of stock options and restricted stock units (in shares) \| shares										600	2,300	2,700
Cash and cash equivalents [Abstract]
Credit card deposits in-transit	$ 800				$ 2,200					$ 800	$ 2,200
Property and Equipment [Abstract]
Gains and losses on sale of assets										153	(53)	$ (167)
Proceeds from sales of property										$ 22,882	0	709
Number of owned properties \| Property										4
Property and Equipment Impairment [Abstract]
Impairment charges recorded											2,000	2,300
Customer Accounts Receivable [Abstract]
Maximum number of months for re-aging						12 months	18 months			12 months
Delinquent Period, for Accounts Charged Off Minimum									120 days	209 days
Number of months which no payment was received before account is charged-off									7 months
Restructured Customer Accounts Receivable [Abstract]
Minimum cumulative months for re-aging									120 days	209 days
Pre-tax charge recorded										$ 14,100
Allowance for Doubtful Accounts [Abstract]
Maximum number of months for re-aging						12 months	18 months			12 months
Minimum number of days before an account is past due										60 days
Charge-offs accelerated and charged against the allowance for doubtful accounts										$ 14,100
Interest Income on Customer Accounts Receivable [Abstract]
Deferred interest included in Deferred revenue and allowances	6,500				7,100					6,500	7,100
Deferred interest included in Other long-term liabilities	7,800				7,400					7,800	7,400
Receivables in non-accrual status	9,000				9,800					9,000	9,800
Receivables past due	$ 36,600				39,500					36,600	39,500
Revenue Recognition [Abstract]
Reduction in net sales due to discount in net present value												1,400
Costs associated with shipping and handling revenues included in Selling, general and administrative expense										22,700	18,800	19,500
Expense Classifications [Abstract]
Advertising expense included in Selling, general and administrative expense										$ 34,700	29,700	$ 30,300
Fair Value of Financial Instruments [Abstract]
Debt Funding of receivables (in hundredths)	50.00%									50.00%
Equity return (in hundredths)	15.00%									15.00%
Carrying amount of debt	$ 295,057				$ 321,704					$ 295,057	$ 321,704
Buildings [Member]
Property and Equipment [Abstract]
Estimated life										30 years
Equipment and Fixtures [Member] \| Minimum [Member]
Property and Equipment [Abstract]
Estimated life										3 years
Equipment and Fixtures [Member] \| Maximum [Member]
Property and Equipment [Abstract]
Estimated life										5 years
Transportation Equipment [Member]
Property and Equipment [Abstract]
Estimated life										3 years
Leasehold Improvements [Member] \| Minimum [Member]
Property and Equipment [Abstract]
Estimated life										5 years
Leasehold Improvements [Member] \| Maximum [Member]
Property and Equipment [Abstract]
Estimated life										15 years
Assets Held under Capital Leases [Member]
Property and Equipment [Abstract]
Proceeds from sales of property	$ 22,400
Stock Options [Member]
Shares outstanding for earnings (loss) per share calculations [Abstract]
Common shares attributable to stock options and restricted stock units (in shares) \| shares										763	0	0
Restricted Stock Units [Member]
Shares outstanding for earnings (loss) per share calculations [Abstract]
Common shares attributable to stock options and restricted stock units (in shares) \| shares										143	0	0

Charges and Credits (Details) $ in Thousands	3 Months Ended								12 Months Ended
Charges and Credits (Details) $ in Thousands	Jan. 31, 2013 USD ($)	Oct. 31, 2012 USD ($)	Jul. 31, 2012 USD ($)	Apr. 30, 2012 USD ($)	Jan. 31, 2012 USD ($)	Oct. 31, 2011 USD ($)	Jul. 31, 2011 USD ($)	Apr. 30, 2011 USD ($)	Jan. 31, 2013 USD ($) Store	Jan. 31, 2012 USD ($)	Jan. 31, 2011 USD ($)
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs										$ 14,137
Number of stores closed \| Store									1
Loss from early extinguishment of debt	$ (79)	$ (818)	$ 0	$ 0	$ 0	$ 0	$ (11,056)	$ 0	$ (897)	(11,056)	$ 0
Credit [Member]
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs									527
Loss from early extinguishment of debt										11,056
Loss from early extinguishment of debt after tax										6,580
Selling, General and Administrative Expenses - Retail [Member]
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs										407
Relocation Of Facility [Member]
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs									1,202
Store closing and relocation costs after tax									779
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs									628	813
Severance costs after tax									403	513
Future lease obligations [Member]
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs									869	7,096
Store closing and relocation costs after tax									563	4,556
Inventory Valuation Reserve [Member]
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs										4,669
Store closing and relocation costs after tax										3,218
Reserve For Impairment Of Property and Equipment [Member]
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs										2,019	2,321
Store closing and relocation costs after tax										1,308	$ 1,504
Asset Based Loan Facility Restatement [Member]
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs									818
Store closing and relocation costs after tax									$ 530
Debt Restructuring Pre-tax Charge [Member]
Restructuring Cost and Reserve [Line Items]
Store closing and relocation costs										14,137
Store closing and relocation costs after tax										$ 9,743

Supplemental Disclosure of Finance Charges and Other Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011
Summary of the classification of the amounts as Finance charges and other [Abstract]
Interest income and fees on customer receivables	$ 124,484	$ 117,084	$ 125,293
Insurance commissions	25,045	20,199	19,900
Other	1,236	1,335	857
Finance charges and other	150,765	138,618	146,050
Provisions for uncollectible interest	8,100	9,000	$ 9,200
Interest income and fees on customer receivables related to TDR accounts	$ 4,100	$ 3,900

Supplemental Disclosure of Customer Receivables (Details)
$ in Thousands

3 Months Ended

12 Months Ended

Oct. 31, 2011

USD ($)

Jul. 31, 2011

Jan. 31, 2013

USD ($)

Jan. 31, 2012

USD ($)

Jan. 31, 2013

USD ($)

Creditscore

Jan. 31, 2012

USD ($)

Accounts, Notes, Loans and Financing Receivable [Line Items]

Maximum number of months an account can be re aged

12 months

18 months

12 months

$ 14,100

$ 741,544

$ 643,301

^[1]

52,839

55,190

Allowance for uncollectible accounts related to the credit portfolio

^[1]

86,428

88,863

$ (43,911)

$ (49,904)

(43,911)

(49,904)

Allowances for promotional credit programs

(6,572)

(4,074)

Short-term portion of customer accounts receivable, net

(378,050)

(316,385)

Long-term customer accounts receivable, net

$ 313,011

272,938

669,029

626,438

Credit score origination | Creditscore

^[2]

$ 53,276

46,939

575

Amounts included within past due and reaged accounts

$ 20,700

32,500

Total amount of customer receivables past due one day or greater

172,400

152,400

Number of days past due

60 days

Accounts receivable reaged for four or more months not qualify as TDRs

1,900

7,900

Number of days an account considered to be delinquent

209 days

Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]

Allowance at beginning of period

$ 49,904

44,015

Provision

^[3]

55,799

61,462

Principal charge-offs

^[4]

(57,202)

(50,062)

Interest charge-offs

(8,516)

(8,634)

Recoveries

^[4]

3,926

3,123

Allowance at end of period

43,911

49,904

Customer Accounts Receivable [Member]

702,737

594,429

^[1]

41,704

34,702

Allowance for uncollectible accounts related to the credit portfolio

^[1]

47,757

40,038

(24,518)

(27,702)

(24,518)

629,423

587,576

Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]

^[2]

34,132

34,862

Allowance at beginning of period

24,518

44,015

Provision

^[3]

42,772

21,778

Principal charge-offs

^[4]

(36,647)

(37,181)

Interest charge-offs

(5,456)

(6,413)

Recoveries

^[4]

2,515

2,319

Allowance at end of period

27,702

24,518

Customer Accounts Receivable [Member] | Equal to or greater than 575 credit score at origination [Member]

576,040

479,301

^[1]

31,295

23,424

^[1]

36,448

26,005

514,491

457,552

Customer Accounts Receivable [Member] | Less than 575 credit score at origination [Member]

^[2]

22,967

19,705

126,697

115,128

^[1]

10,409

11,278

^[1]

11,309

14,033

114,932

130,024

Restructured Accounts [Member]

^[2]

11,435

15,157

^[5]

38,807

48,872

^[1],[5]

11,135

20,488

Allowance for uncollectible accounts related to the credit portfolio

^[1],[5]

38,671

48,825

(25,386)

(16,209)

(25,386)

39,606

38,862

Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]

^[2]

19,144

12,077

Allowance at beginning of period

25,386

Provision

^[3]

13,027

39,684

Principal charge-offs

^[4]

(20,555)

(12,881)

Interest charge-offs

(3,060)

(2,221)

Recoveries

^[4]

1,411

804

Allowance at end of period

16,209

25,386

Restructured Accounts [Member] | Equal to or greater than 575 credit score at origination [Member]

^[5]

26,057

27,760

^[1],[5]

7,259

11,428

^[1],[5]

26,030

27,749

24,161

22,074

Restructured Accounts [Member] | Less than 575 credit score at origination [Member]

^[2]

10,571

6,391

^[5]

12,750

21,112

^[1],[5]

3,876

9,060

^[1],[5]

$ 12,641

$ 21,076

15,445

16,788

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

^[2]

$ 8,573

$ 5,686

[1]	Amounts are based on end of period balances. Due to the fact that an account can become past due after having been re-aged, accounts could be represented in both the past due and re-aged columns shown above. The amounts included within both the past due and re-aged columns shown above as of January 31, 2013 and 2012 was $20.7 million and $32.5 million, respectively. The total amount of customer receivables past due one day or greater was $172.4 million and $152.4 million as of January 31, 2013 and 2012, respectively. These amounts include the 60 days past due totals shown above.
[2]	Amounts represent total credit principal charge-offs, net of recoveries, on total customer receivables. Charge-offs of restructured accounts include activity for the full fiscal year to reflect retrospective application.
[3]	Includes provision for uncollectible interest, which is included in finance charges and other as further discussed in Note 3.
[4]	Charge-offs include the principal amount of losses (excluding accrued and unpaid interest), and recoveries include principal collections during the period shown of previously charged-off balances. These amounts represent net charge-offs.
[5]	In addition to the amounts included in restructured accounts, there were $1.9 million and $7.9 million of accounts re-aged four or more months, included in the re-aged balance above, which did not qualify as TDRs at January 31, 2013 and 2012, respectively, because they were not re-aged subsequent to January 31, 2011.

Accrual for Store Closures and Other expense (Details) $ in Thousands	12 Months Ended
	Jan. 31, 2013 USD ($) Store Location	Jan. 31, 2012 USD ($) Location	Jan. 31, 2013 USD ($)	Jan. 31, 2012 USD ($)
Accrual for Store Closures [Abstract]
Number of underperforming retail locations closed \| Location	2	11
Number of stores closed with unexpired leases \| Store	10
Detail of activity in the accrual for store closures [Abstract]
Balance at beginning of period	$ 8,106	$ 0
Accrual for closures	789	8,780
Change in estimate	75	(42)
Cash payments	(3,899)	(632)
Balance at end of period	5,071	8,106
Balance sheet presentation [Abstract]
Accrued expenses			$ 3,441	$ 4,314
Other long-term liabilities			1,630	3,792
Restructuring Reserve, Total	$ 8,106	$ 8,106	$ 5,071	$ 8,106

Debt, Letters of Credit and Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2013	Oct. 31, 2012	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Oct. 31, 2011	Jul. 31, 2011	Apr. 30, 2011	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011	Sep. 26, 2012
Long-term debt [Abstract]
Long-term Debt	$ 295,057				$ 321,704				$ 295,057	$ 321,704
Less current portion of debt	32,526				726				32,526	726
Long-term debt	262,531				320,978				262,531	320,978
Payment of debt prepayment premium									0	4,830	$ 12,986
Term loan deferred financing costs									0	0	267
Interest expense	3,888	$ 4,526	$ 4,874	$ 3,759	3,978	$ 3,919	$ 7,004	$ 7,556	17,047	22,457	28,081
Aggregate maturities of long term debt [Abstract]
2014	32,526								32,526
2015	130								130
2016	0								0
2017	262,401								262,401
2018	0								0
Long-term Debt	295,057				321,704				295,057	321,704
VIE [Member]
Long-term debt [Abstract]
Percentage of yield on sale of notes (in hundredths)				5.21%
Percentage of monthly fees in case of delayed payments (in hundredths)				8.50%
Amount of cash held from collections on underlying customer receivable	4,700								4,700
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Prepaid expenses and other assets	43				169				43	169
Notional amount of interest rate cap option	$ 100,000								$ 100,000
Description of variable rate basis									LIBOR
Basis spread on variable rate (in hundredths)	1.00%								1.00%
Gain on fair value hedge									$ 70
Loss on fair value hedge										222
Cash flow hedge gain (loss) reclassified to interest expense, net									233	78
Reclassify net losses to earnings during the next 12 months	$ 200								200
Recognized income as a component of other comprehensive income (loss)											100
Reclassified current earnings											100
Asset-based Revolving Credit Facility [Member]
Long-term debt [Abstract]
Long-term Debt	262,401				313,250				262,401	313,250
Maximum capacity extended under credit facility					450,000					450,000		$ 525,000
Additional Borrowing Capacity	$ 209,400								$ 209,400			545,000
Debt instrument, description of variable rate basis									LIBOR
Variable interest spread at LIBOR under credit facility	0.25%								0.25%
Amount available under asset based revolving credit facility	$ 209,400								$ 209,400			$ 545,000
Amount available under asset based revolving credit facility based on balances	68,800								68,800
Outstanding letters of credit	4,300								4,300
Maximum potential amount of future payments under letters of credit	4,300								4,300
Aggregate maturities of long term debt [Abstract]
Long-term Debt	$ 262,401				313,250				$ 262,401	313,250
Asset-based Revolving Credit Facility [Member] \| Minimum [Member]
Long-term debt [Abstract]
Variable interest spread at LIBOR under credit facility	2.75%								2.75%
Asset-based Revolving Credit Facility [Member] \| Maximum [Member]
Long-term debt [Abstract]
Variable interest spread at LIBOR under credit facility	3.50%								3.50%
Asset-backed Notes [Member]
Long-term debt [Abstract]
Long-term Debt	$ 32,307				0				$ 32,307	0
Write-off of unamortized original issue discount	205								205
Aggregate maturities of long term debt [Abstract]
Long-term Debt	32,307				0				32,307	0
Asset-backed Notes [Member] \| VIE [Member]
Long-term debt [Abstract]
Amount of notes issued				$ 103,700
Interest rate on notes (in hundredths)				4.00%
Real Estate Loan [Member]
Long-term debt [Abstract]
Long-term Debt	$ 0				7,398				$ 0	7,398
Debt instrument, description of variable rate basis									prime
Variable interest spread at LIBOR under credit facility	1.00%								1.00%
Aggregate maturities of long term debt [Abstract]
Long-term Debt	$ 0				7,398				$ 0	7,398
Other Long Term Debt [Member]
Long-term debt [Abstract]
Long-term Debt	349				1,056				349	1,056
Interest expense									17,000	22,500	$ 28,100
Capitalized borrowing costs									360	21
Aggregate maturities of long term debt [Abstract]
Long-term Debt	349				$ 1,056				349	$ 1,056
Term Loan [Member]
Long-term debt [Abstract]
Company recorded a charge expenses									11,100
Payment of debt prepayment premium									4,800
Write-off of unamortized original issue discount	$ 5,400								5,400
Term loan deferred financing costs									$ 900

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011
Deferred tax assets [Abstract]
Allowance for doubtful accounts	$ 12,957	$ 14,638
Deferred revenue	1,545	1,371
Stock-based compensation	2,004	2,624
Property and equipment	3,086	2,692
Inventories	670	603
Goodwill	135	406
Straight-line rent accrual	2,260	1,980
Accrual for store closures	1,785	2,853
Margin tax	818	714
Deferred gains on sale-leaseback transactions	2,971	246
Accrued vacation and other	1,238	904
Total deferred tax assets	29,469	29,031
Deferred tax liabilities [Abstract]
Sales tax receivable	(1,924)	(1,485)
Other	(664)	(681)
Total deferred tax liabilities	(2,588)	(2,166)
Net deferred tax asset	26,881	26,865
Reconciliation of the tax provision at the statutory tax rate and the total tax provision [Abstract]
Provision (benefit) at U.S. federal statutory rate	28,952	(1,359)	$ 23
State and local income taxes, net of federal benefit	878	594	322
Non-deductible entertainment, stock-based compensation and other	279	606	793
Total provision (benefit) for income taxes	30,109	(159)	1,138
Current [Abstract]
Federal	28,795	(1,826)	1,606
State	1,330	926	510
Total current	30,125	(900)	2,116
Deferred [Abstract]
Federal	(38)	751	(969)
State	22	(10)	(9)
Total deferred	(16)	741	(978)
Total provision (benefit) for income taxes	30,109	$ (159)	$ 1,138
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 2,000

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011
Leases [Abstract]
2014	$ 25,757
2015	23,230
2016	21,447
2017	18,653
2018	15,157
Thereafter	54,830
Total	$ 159,074
Real estate lease period minimum	5 years
Real estate lease period maximum	15 years
Equipment leases initial lease terms minimum	3 years
Equipment leases initial lease terms maximum	7 years
Total lease expense	$ 22,100	$ 22,600	$ 23,600
Straight-line lease accrual balance	$ 6,400	$ 5,600

Common Stock (Details) $ / shares in Units, $ in Millions	12 Months Ended
Common Stock (Details) $ / shares in Units, $ in Millions	Jan. 31, 2013 $ / shares shares	Jan. 31, 2012 USD ($) shares	Jan. 31, 2011 USD ($) $ / shares shares
Common Stock [Abstract]
Number of common stock sold in offering (in shares)	2,233,379
Common stock at a public offering price (in dollars per shares) \| $ / shares	$ 26.75
Net proceeds from offering \| $		$ 56.0
Shares of treasury stock cancelled (in shares)		1,700,000
Resulting cost of the treasury stocks cancelled \| $		$ 37.1
Number of shares a holder with basic subscription privilege is entitled to purchase (in shares)			0.41155
Price a holder with basic subscription privilege pays per share (in dollars per share) \| $ / shares			2.70
Gross proceeds from rights offering \| $			$ 25.0
Shares of common stock issued in completing the rights offering (in shares)			9,259,390

Stock-Based Compensation (Details) - USD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

Jan. 31, 2013

Jan. 31, 2012

Jan. 31, 2011

Total compensation cost for share-based compensation

$ 2,945

$ 2,354

$ 2,179

Recognized tax benefits related to compensation cost

$ 800

$ 500

$ 300

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expected weighted average period to recognize compensation cost

2 years 6 months

Assumptions used in stock pricing model and valuation information for stock options and restricted stock units granted [Abstract]

Total compensation costs expected to be recognized, non-vested awards of stock options

$ 2,500

Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expected weighted average period to recognize compensation cost

3 years 7 months 6 days

Assumptions used in stock pricing model and valuation information for stock options and restricted stock units granted [Abstract]

Total compensation costs expected to be recognized, non-vested restricted stock units

$ 5,800

Aggregate Intrinsic Value

$ 1,000

Nonvested [Member]

Shares [Abstract]

Options granted (in shares)

881,000

88,000

Options vested (in shares)

(304,000)

Canceled (in shares)

(58,000)

Outstanding, end of period (in shares)

607,000

881,000

Weighted Average Exercise Price [Abstract]

Outstanding, beginning of period (in dollars per share)

$ 3.67

Options vested (in dollars per share)

10.42

4.36

Canceled (in dollars per share)

3.06

Outstanding, end of period (in dollars per share)

$ 4.35

$ 3.67

Stock options and restricted stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of years until a grant expires

10 years

Assumptions used in stock pricing model and valuation information for stock options and restricted stock units granted [Abstract]

Weighted average risk free interest rate (in hundredths)

0.50%

0.40%

2.20%

Weighted average expected lives

3 years 9 months 18 days

3 years 6 months

6 years 6 months

Weighted average volatility (in hundredths)

64.40%

65.00%

62.20%

Expected dividends (in hundredths)

0.00%

Weighted average grant date fair value of options granted during the period (in dollars per share)

$ 10.42

$ 5.46

$ 2.01

Weighted average grant date fair value of restricted stock units granted during the period (in dollars per share)

20.13

8.66

Weighted average grant date fair value of options vested during the period (in dollars per share)

4.36

5.00

6.76

Weighted average grant date fair value of restricted stock units vested during the period (in dollars per share)

$ 8.33

$ 5.23

$ 0

Total fair value of options vested during the period

$ 1,300

$ 1,800

$ 2,000

Total fair value of restricted stock units vested during the period

700

200

Intrinsic value of options exercised during the period

^[1]

3,900

1,200

Intrinsic value of restricted stock units vested and converted during the period

$ 1,900

$ 500

$ 0

Stock options and restricted stock [Member] | Minimum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options and restricted stock units vesting period

1 year

Stock options and restricted stock [Member] | Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options and restricted stock units vesting period

5 years

Incentive Stock Option Plan [Member] | Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

425,247

Shares [Abstract]

Options granted (in shares)

2,337,000

88,000

Options exercised (in shares)

(534,000)

Forfeited (in shares)

(58,000)

Expired (in shares)

(174,000)

Outstanding, end of period (in shares)

1,659,000

2,337,000

Exercisable, end of period (in shares)

1,052,000

Weighted Average Exercise Price [Abstract]

Outstanding, beginning of period (in dollars per share)

$ 13.74

Options exercised (in dollars per share)

21.93

13.30

Forfeited (in dollars per share)

5.35

Expired (in dollars per share)

25.85

Outstanding, end of period (in dollars per share)

13.34

$ 13.74

Exercisable, end of period (in dollars per share)

$ 16.11

Weighted Average Remaining Contractual Life [Abstract]

Outstanding, end of period

5 years 4 months 24 days

Exercisable, end of period

4 years 7 months 6 days

Outstanding, end of period

$ 25,800

Exercisable, end of period

$ 13,700

Non-Employee Director Stock Option Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted Average Grant Date Fair Value [Abstract]

50,000

Nonvested, beginning of year (in dollars per share)

$ 15.14

Nonvested, end of year (in dollars per share)

5.23

$ 16.02

$ 15.14

Weighted Average Remaining Contractual Life [Abstract]

22,266

57,366

Outstanding, end of year

4 years 6 months 7 days

Non-Employee Director Stock Option Plan [Member] | Stock Options [Member]

Weighted Average Grant Date Fair Value [Abstract]

$ 12.85

Aggregate Intrinsic Value

$ 1,700

Non-Employee Director Stock Option Plan [Member] | Restricted Stock [Member]

Weighted Average Grant Date Fair Value [Abstract]

$ 18.17

Aggregate Intrinsic Value

$ 3,900

Shares outstanding (in shares)

313,000

433,000

Shares exercised (in shares)

120,000

Omnibus Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Omnibus Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]

636,748

313,000

Restricted stock units vested and converted to common stock (in shares)

221,000

(89,000)

Restricted stock units forfeited (in shares)

(14,000)

Outstanding, end of year (in shares)

431,000

313,000

Omnibus Incentive Plan [Member] | Time-Based Awards [Member]

Weighted Average Grant Date Fair Value [Abstract]

Nonvested, beginning of year (in dollars per share)

^[2]

$ 9.16

Options vested (in dollars per share)

^[2]

20.84

^[2]

8.33

Canceled (in dollars per share)

^[2]

11.56

Nonvested, end of year (in dollars per share)

^[2]

$ 14.65

$ 9.16

313,000

Restricted stock units vested and converted to common stock (in shares)

181,000

(89,000)

Restricted stock units forfeited (in shares)

(14,000)

Outstanding, end of year (in shares)

391,000

313,000

Omnibus Incentive Plan [Member] | Performance-Based Awards [Member]

Weighted Average Grant Date Fair Value [Abstract]

Nonvested, beginning of year (in dollars per share)

^[2]

$ 0

Options vested (in dollars per share)

^[2]

17.12

^[2]

Canceled (in dollars per share)

^[2]

Nonvested, end of year (in dollars per share)

^[2]

$ 17.12

$ 0

^[3]

Restricted stock units vested and converted to common stock (in shares)

^[3]

40,000

^[3]

Restricted stock units forfeited (in shares)

^[3]

Outstanding, end of year (in shares)

^[3]

40,000

Director Restricted Stock Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Employee Stock Purchase Plan [Member]

220,368

Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]

Percentage of fair market value that shares are acquired at (in hundredths)

85.00%

Shares issued (in shares)

28,992

27,753

34,620

Number of shares reserved for future issuance (in shares)

1,082,640

[1]	Does not include pre-IPO options that were valued using the minimum value option-pricing method.
[2]	Reflects the weighted average grant-date fair value.
[3]	Performance-based units outstanding assume achievement of target level financial metrics related to the fiscal year 2013 grants.

Significant Vendors (Details) - Vendor	12 Months Ended
Significant Vendors (Details) - Vendor	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011
Concentration Risk [Line Items]
Vendor concentration (in hundredths)	60.20%	64.10%	64.00%
Number of vendors the company purchased merchandise from	6
Concentration Risk, Vendor A [Member]
Concentration Risk [Line Items]
Vendor concentration (in hundredths)	20.70%	19.00%	17.10%
Concentration Risk, Vendor B [Member]
Concentration Risk [Line Items]
Vendor concentration (in hundredths)	18.10%	12.60%	14.20%
Concentration Risk, Vendor C [Member]
Concentration Risk [Line Items]
Vendor concentration (in hundredths)	5.70%	12.10%	9.50%
Concentration Risk, Vendor D [Member]
Concentration Risk [Line Items]
Vendor concentration (in hundredths)	5.40%	9.20%	9.40%
Concentration Risk, Vendor E [Member]
Concentration Risk [Line Items]
Vendor concentration (in hundredths)	5.20%	5.60%	7.70%
Concentration Risk, Vendor F [Member]
Concentration Risk [Line Items]
Vendor concentration (in hundredths)	5.10%	5.60%	6.10%

Related Party Transactions (Details) - USD ($)	12 Months Ended
Related Party Transactions (Details) - USD ($)	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011	Nov. 29, 2012
Direct Marketing Solutions, Inc. [Member]
Related Party Transaction [Line Items]
Total fees and postage paid to DMS	$ 2,200,000	$ 2,300,000	$ 2,400,000
Stephens Inc. [Member]
Related Party Transaction [Line Items]
Underwriting fees and commissions	$ 1,100,000
Advisory fee paid financial advisor, Stephens Inc.			937,500
Fees and expenses reimbursed Stephens Inc			$ 22,000
Common stock shares outstanding (in shares)				7,316,812
Stephens Inc.'s percentage ownership of the Company's outstanding common stock (in hundredths)			24.90%	22.30%

Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Benefit Plans (Details) - USD ($) $ in Millions	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011
Benefit Plans [Abstract]
Minimum age of 401(k) eligibility	21 years
Years of service before eligible	1 year
Maximum employee contribution percentage (in hundredths)	20.00%
Percentage contribution which company matches	3.00%
Total matching contribution made by company	$ 0.9	$ 0.8	$ 1.0

Contingencies (Details) - Insurance Claims [Member] $ in Millions	12 Months Ended
	Jan. 31, 2013 USD ($)
Loss Contingencies [Line Items]
Aggregate limit of umbrella policies	$ 50.0
Letter of credit outstanding supporting obligations under insurance program	$ 1.3

Segment Information (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2013

Oct. 31, 2012

Jul. 31, 2012

Apr. 30, 2012

Jan. 31, 2012

Oct. 31, 2011

Jul. 31, 2011

Apr. 30, 2011

Jan. 31, 2013

Jan. 31, 2012

Jan. 31, 2011

Revenues

$ 649,516

$ 596,360

$ 608,443

51,648

42,078

37,795

13,103

15,246

16,487

714,267

653,684

662,725

150,765

138,618

146,050

$ 250,344

$ 206,401

$ 207,436

$ 200,851

$ 226,671

$ 186,623

$ 187,026

$ 191,982

865,032

792,302

808,775

Cost of goods sold, including warehousing and occupancy costs

454,682

455,493

474,696

Cost of parts, including warehousing and occupancy costs

5,965

6,527

7,779

^[1]

253,189

237,098

239,806

47,659

53,555

51,404

3,025

9,928

2,321

764,520

762,601

776,006

31,613

23,891

23,154

21,854

16,385

(14,444)

12,970

14,790

100,512

29,701

32,769

3,888

4,526

4,874

3,759

3,978

3,919

7,004

7,556

17,047

22,457

28,081

4,283

818

11,056

897

11,056

(48)

(3)

(6)

(96)

(11)

(5)

(153)

339

Property and equipment additions

27,694

18,550

18,286

18,191

12,418

(18,358)

(5,124)

7,182

82,721

(3,882)

Total assets

909,857

783,298

909,857

783,298

842,060

32,353

4,386

3,028

Depreciation expense

$ 8,952

10,625

12,769

Estimated annual rate of reimbursement (in hundredths)

2.50%

Allocation of overhead by operating segments

$ 9,000

8,200

7,500

Amount of reimbursement made by operating segments

16,700

15,600

17,500

Retail [Member]

Revenues

649,516

596,360

608,443

51,648

42,078

37,795

13,103

15,246

16,487

714,267

653,684

662,725

1,236

1,335

857

208,731

167,663

171,931

167,178

190,328

155,016

152,380

157,295

715,503

655,019

663,582

Cost of goods sold, including warehousing and occupancy costs

454,682

455,493

474,696

Cost of parts, including warehousing and occupancy costs

5,965

6,527

7,779

^[1]

197,498

180,234

175,778

758

590

817

2,498

9,522

2,321

661,401

652,366

661,391

18,496

12,308

12,537

10,761

4,221

(5,884)

(551)

4,867

54,102

2,653

2,191

(153)

339

Property and equipment additions

54,255

2,583

1,852

Total assets

188,609

159,269

188,609

159,269

199,541

31,820

4,236

2,243

Depreciation expense

8,479

10,080

12,316

Credit [Member]

Revenues

149,529

137,283

145,193

41,613

38,738

35,505

33,673

36,343

31,607

34,646

34,687

149,529

137,283

145,193

Cost of goods sold, including warehousing and occupancy costs

Cost of parts, including warehousing and occupancy costs

^[1]

55,691

56,864

64,028

46,901

52,965

50,587

527

406

103,119

110,235

114,615

13,117

$ 11,583

$ 10,617

$ 11,093

12,164

$ (8,560)

$ 13,521

$ 9,923

46,410

27,048

30,578

17,047

22,457

28,081

4,283

897

11,056