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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jul. 31, 2016	Sep. 01, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	CONNS INC
Entity Central Index Key	0001223389
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 31, 2016
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		30,778,299

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jul. 31, 2016	Jan. 31, 2016
Current assets
Cash and cash equivalents	$ 15,535	$ 12,254
Restricted cash (all held by VIEs)	70,981	64,151
Customer accounts receivable, net of allowances (includes balances for VIEs of $499,385 and $390,150, respectively)	733,718	743,931
Other accounts receivable	82,924	95,404
Inventories	191,642	201,969
Income taxes recoverable	19,700	10,774
Prepaid expenses and other current assets	16,482	20,092
Total current assets	1,130,982	1,148,575
Long-term portion of customer accounts receivable, net of allowances (includes balances for VIEs of $276,967 and $331,254, respectively)	586,870	631,645
Restricted Cash and Cash Equivalents, Noncurrent	25,002	14,425
Property and equipment, net	174,815	151,483
Deferred income taxes	70,919	70,219
Other assets	8,590	8,953
Total assets	1,997,178	2,025,300
Current Liabilities
Current maturities of capital lease obligations	761	799
Accounts payable	117,628	86,797
Accrued compensation and related expenses	12,140	9,337
Accrued expenses	34,363	30,037
Income taxes payable	1,692	2,823
Deferred revenues and allowances	19,701	16,332
Total current liabilities	186,285	146,125
Deferred Rent Credit, Noncurrent	88,452	74,559
Long-term debt and capital lease obligations (includes balances of VIEs of $662,011 and $699,515, respectively)	1,181,948	1,248,879
Other long-term liabilities	20,853	17,456
Total liabilities	1,477,538	1,487,019
Stockholders' equity
Preferred stock ($0.01 par value, 1,000,000 shares authorized; none issued or outstanding)	0	0
Common stock ($0.01 par value, 100,000 shares authorized; 30,775 and 30,630 shares issued, respectively)	308	306
Additional paid-in capital	88,239	85,209
Retained earnings	431,093	452,766
Total stockholders' equity	519,640	538,281
Total liabilities and stockholders' equity	1,997,178	$ 2,025,300
Senior Notes [Member]
Debt Instrument, Fair Value Disclosure	$ 175,900

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2016	Jan. 31, 2016
Restricted cash (all held by VIEs)	$ 70,981	$ 64,151
Assets, Noncurrent [Abstract]
Customer accounts receivable, net of allowances (includes balances for VIEs of $499,385 and $390,150, respectively)	733,718	743,931
Long-term customer accounts receivable, net	$ 586,870	$ 631,645
Stockholders' equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	30,775,000	30,630,000
Variable Interest Entity
Assets, Noncurrent [Abstract]
Customer accounts receivable, net of allowances (includes balances for VIEs of $499,385 and $390,150, respectively)	$ 499,385	$ 390,150
Long-term customer accounts receivable, net	276,967	331,254
Long-term Debt	$ 662,011	$ 699,515

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Revenues
Product sales	$ 299,723	$ 293,739	$ 586,213	$ 565,365
Repair service agreement commissions	28,310	27,756	56,495	51,552
Service revenues	3,966	3,451	7,833	6,508
Total net sales	331,999	324,946	650,541	623,425
Finance charges and other	66,158	71,104	136,729	137,701
Total revenues	398,157	396,050	787,270	761,126
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs	208,869	202,461	413,335	389,594
Selling, general and administrative expense	119,846	104,832	233,093	200,507
Provision for bad debts	60,196	51,646	118,414	99,189
Other Nonrecurring (Income) Expense	2,895	1,013	3,421	1,632
Total cost and expenses	391,806	359,952	768,263	690,922
Operating income	6,351	36,098	19,007	70,204
Interest expense	24,138	10,055	50,034	19,483
Income before income taxes	(17,787)	26,043	(31,027)	50,721
Provision for income taxes	(5,863)	9,505	(9,354)	18,506
Net income	$ (11,924)	$ 16,538	$ (21,673)	$ 32,215
Earnings per share:
Basic (in dollars per share)	$ (0.39)	$ 0.45	$ (0.71)	$ 0.88
Diluted (in dollars per share)	$ (0.39)	$ 0.45	$ (0.71)	$ 0.87
Average common shares outstanding:
Basic (in shares)	30,731	36,466	30,696	36,416
Diluted (in shares)	30,731	37,042	30,696	36,967

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ (11,924)	$ 16,538	$ (21,673)	$ 32,215

- Definition

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

+ References + Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - 6 months ended Jul. 31, 2016 $ in Thousands	USD ($)
Balance at Jan. 31, 2016	$ 538,281
Net income	(21,673)
Balance at Jul. 31, 2016	$ 519,640

- Definition

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

+ References + Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Statement of Cash Flows [Abstract]
Capital Lease Obligations Incurred		$ 1,720
Capital Expenditures Incurred but Not yet Paid	$ 6,476	3,406
Provision for bad debts	118,414	99,189
Cash flows from operating activities
Net income	(21,673)	32,215
Depreciation, Depletion and Amortization, Nonproduction	13,773	10,579
Asset Impairment Charges	1,385
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of debt issuance costs	13,812	1,666
Provision for bad debts and uncollectible interest	133,084	116,217
Stock-based compensation	2,886	1,805
Excess tax benefits from stock-based compensation	(1)	(474)
Restructuring Costs and Asset Impairment Charges	0	425
Benefit for deferred income taxes	(700)	(10,346)
(Gain) loss on sale of property and equipment	(180)	(517)
Payments for (Proceeds from) Tenant Allowance	18,860	7,212
Change in operating assets and liabilities:
Customer accounts receivable	(78,096)	(183,881)
Increase (Decrease) in Other Receivables	5,751	(7,580)
Inventories	10,327	(14,509)
Increase (Decrease) in Other Operating Assets	1,213	(201)
Accounts payable	28,831	23,658
Accrued expenses	6,782	507
Income taxes payable	(10,489)	10,086
Increase (Decrease) in Deferred Revenue and Customer Advances and Deposits	8,759	(710)
Net cash used in operating activities	131,898	(13,446)
Cash flows from investing activities
Purchase of property and equipment	(32,020)	(29,656)
Proceeds from sale of property and equipment	686	35
Net Cash Provided by (Used in) Investing Activities	(31,334)	(29,621)
Proceeds from Issuance of Secured Debt	493,540	0
Cash flows from financing activities
Payments on asset-backed notes	(537,819)	0
Increase (Decrease) in Restricted Cash	(17,406)	0
Borrowings under lines of credit	405,378	220,246
Payments on lines of credit	(435,085)	(184,450)
Payments of Debt Issuance Costs	6,089	0
Proceeds from stock issued under employee benefit plans	618	1,688
Excess Tax Benefit from Share-based Compensation, Financing Activities	1	474
Other	(421)	(246)
Net Cash Provided by (Used in) Financing Activities	(97,283)	37,712
Net change in cash and cash equivalents	3,281	(5,355)
Beginning of period	12,254	12,223
End of period	15,535	6,868
Interest Paid	38,403	17,838
Income Taxes Paid, Net	$ 1,816	$ 18,330

Summary of Significant Accounting Policies

6 Months Ended

Jul. 31, 2016

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Business. Conn's is a leading specialty retailer that offers a broad selection of quality, branded durable consumer goods and related services in addition to a proprietary credit solution for its core credit constrained consumers. We operate an integrated and scalable business through our retail stores and website. Our complementary product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from leading global brands across a wide range of price points. Our credit offering provides financing solutions to a large, under-served population of credit constrained consumers who typically have limited banking options.

We operate two reportable segments: retail and credit. Our retail stores bear the "Conn's" or "Conn's HomePlus" name with all of our stores providing the same products and services to a common customer group. Our stores follow the same procedures and methods in managing their operations. Our retail business and credit business are operated independently from each other. The credit segment is dedicated to providing short- and medium-term financing for our retail customers. The retail segment is not involved in credit approval decisions. Our management evaluates performance and allocates resources based on the operating results of the retail and credit segments.

Basis of Presentation. The accompanying unaudited, condensed consolidated financial statements of Conn's, Inc. and its wholly-owned subsidiaries, including the VIEs (as defined below), have been prepared by management in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, we do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The accompanying financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. All such adjustments are of a normal recurring nature. The condensed consolidated financial position, results of operations and cash flows for these interim periods are not necessarily indicative of the results that may be expected in future periods. The balance sheet at January 31, 2016 has been derived from the audited financial statements at that date. The financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2016, filed with the United States Securities and Exchange Commission (the "SEC") on March 29, 2016.

Variable Interest Entities. In September 2015, we securitized $1.4 billion of customer accounts receivables by transferring the receivables to a bankruptcy-remote variable-interest entity (the "2015 VIE"). The 2015 VIE issued asset-backed notes at a face amount of $1.12 billion secured by the transferred portfolio balance, which resulted in net proceeds to us of approximately $1.08 billion, net of transaction costs and restricted cash held by the 2015 VIE. The net proceeds were used to pay down the outstanding balance on our revolving credit facility, to repurchase shares of the Company's common stock and Senior Notes, and for other general corporate purposes.

In March 2016, we securitized $705.1 million of customer accounts receivables by transferring the receivables to a new bankruptcy-remote variable-interest entity (the "2016 VIE" or together with the 2015 VIE, the "VIEs"). The 2016 VIE issued two classes of asset-backed notes at a total face amount of $493.5 million secured by the transferred customer accounts receivables. This resulted in net proceeds to us of approximately $478.0 million, net of transaction costs and restricted cash held by the 2016 VIE. The net proceeds were used to pay down the outstanding balance on our revolving credit facility and for other general corporate purposes.

We currently hold the residual equity of the VIEs as well as a third class of asset-backed notes of the 2016 VIE, of which we may elect to retain all or a portion of these interests if that is determined to be in our best economic interest. In addition, we retain the servicing of the securitized portfolios. We determined that we have a variable interest in both VIEs and we are the primary beneficiary because (i) our servicing responsibilities for the securitized portfolios give us the power to direct the activities that most significantly impact the performance of the VIEs, and (ii) our variable interest in the VIEs gives us the obligation to absorb losses and the right to receive residual returns that could potentially be significant. As a result, so long as we hold all or a significant portion of the residual equity of the VIEs and the third class of asset-backed notes of the 2016 VIE, we will consolidate the VIEs within our financial statements. If we sell all or a significant portion of our interest, we will assess if the transaction achieves sale treatment for accounting purposes, which may result in deconsolidation of one or both of the VIEs. There is no assurance that we will complete a sale of all or a portion of our interest in the VIEs, and there is no assurance we will achieve sale treatment. As a result, we have determined that the securitized portfolios do not meet the criteria for treatment as an asset held for sale, which would require recording at the lower of cost, net of allowances, or fair value. We have not made an adjustment to the customer accounts receivable balance as a result of the transaction or in anticipation of any gain or loss that may occur should a sale of our interest in the VIEs be completed.

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

Fiscal Year. Our fiscal year ends on January 31. References to a fiscal year refer to the calendar year in which the fiscal year ends.

Accounting Policies. The complete summary of significant accounting policies is included in the notes to the consolidated financial statements as presented in our Annual Report on Form 10-K for the fiscal year ended January 31, 2016.

Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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. The allowance for doubtful accounts, allowances for no-interest option credit programs, and deferred interest are particularly sensitive given the size of our customer portfolio balance. During the three months ended July 31, 2016, we revised our methods for calculating these estimates and recorded the following adjustments as a result of changes to our estimates:

•

Allowance for doubtful accounts – We adjusted our allowances for doubtful accounts in two respects in connection with changes in estimates to our sales tax recovery for charged-off accounts. First, we revised our estimate of the amount of sales tax recovery for previously charged-off accounts that we expect to claim with particular taxing jurisdictions, based on updated financial information. We reduced our sales tax receivable by $3.9 million, which resulted in higher net charge-offs and an increase to our provision for bad debts. Second, we updated our estimate of the amount of sales tax recovery associated with expected charge-offs over the next twelve months in estimating our allowance for doubtful accounts and recorded an additional allowance of $1.1 million with an increase in our provision for bad debts.

•

Allowances for no-interest option credit programs – We revised our estimate of the interest income to be waived for customers that we expect will comply with our no-interest option credit programs based on specific customer loan information rather than information from pooled loans by origination. We recorded an increase in the allowance for no-interest option credit programs of $4.7 million with a corresponding decrease in interest income and fees.

•

Deferred interest – We revised our estimate of the timing of the benefit we recognize to interest income related to our assumptions regarding future prepayments based on our historical experience of the timing of expected prepayments over the remaining life of pooled loans. We changed our estimate to consider a greater number of pools based on origination terms and recorded an increase in deferred interest of $3.5 million with a corresponding decrease in interest income and fees.

Earnings per Share. Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share include the potential dilutive effects of any stock-based awards, which is calculated using the treasury-stock method. The following table sets forth the shares outstanding used for the earnings per share calculations:



	Three Months Ended July 31,		Six Months Ended July 31,
(in thousands)	2016	2015	2016	2015
Weighted average common shares outstanding - Basic	30,731	36,466	30,696	36,416
Dilutive effect of stock based awards	—	576	—	551
Weighted average common shares outstanding - Diluted	30,731	37,042	30,696	36,967

For the three months ended July 31, 2016 and 2015, the weighted average number of shares from stock based awards not included in the calculation due to their anti-dilutive effect was approximately 1.3 million and 69,000 shares, respectively. For the six months ended July 31, 2016 and 2015, the weighted average number of shares from stock based awards not included in the calculation due to their anti-dilutive effect was approximately 1.0 million and 0.2 million shares, respectively.

Restricted Cash. The restricted cash balance as of July 31, 2016 and January 31, 2016 includes $71.0 million and $64.2 million, respectively, of cash we collected as servicer on the securitized receivables that was remitted to the VIEs and $25.0 million and $14.4 million, respectively, of cash held by the VIEs as additional collateral for the asset-backed notes.

Customer accounts receivable. Customer accounts receivable reported in the consolidated balance sheet includes total receivables managed, including those transferred to the VIEs and those receivables not transferred to the VIEs. Customer accounts receivable are originated at the time of sale and delivery of the various products and services. Based on contractual terms, we record the amount of principal and accrued interest on customer receivables that is expected to be collected within the next twelve months in current assets with the remaining balance in long-term assets on the consolidated balance sheet. Customer receivables are considered delinquent if a payment has not been received on the scheduled due date. Accounts that are delinquent more than 209 days as of the end of a month are charged-off against the allowance for doubtful accounts and interest accrued subsequent to the last payment is reversed and charged against the allowance for uncollectible interest.

In an effort to mitigate losses on our accounts receivable, we may make loan modifications to a borrower experiencing financial difficulty. In our role as servicer, we may also make modifications to loans held by the VIEs. The loan modifications are intended to maximize net cash flow after expenses and avoid the need to repossess collateral or exercise legal remedies available to us. We may extend or "re-age" a portion of our customer accounts, which involve modifying the payment terms to defer a portion of the cash payments due. Our re-aging of customer accounts does not change the interest rate or the total amount due from the customer and typically does not reduce the monthly contractual payments. To a much lesser extent, we may provide the customer the ability to re-age their obligation by refinancing the account, which does not change the interest rate or the total amount due from the customer but does reduce the monthly contractual payments and extends the term. We consider accounts that have been re-aged in excess of three months or refinanced as Troubled Debt Restructurings ("TDR" or "Restructured Accounts").

Allowance for doubtful accounts. We establish an allowance for doubtful accounts, including estimated uncollectible interest, to cover probable and estimable losses on our customer accounts receivable resulting from the failure of customers to make contractual payments. Our customer portfolio balance consists of a large number of relatively small, homogeneous accounts. None of our accounts are large enough to warrant individual evaluation for impairment.

We record an allowance for doubtful accounts for our non-TDR customer accounts receivable that we expect to charge-off over the next twelve months based on our historical cash collection and net loss experience. In addition to pre-charge-off cash collections and charge-off information, estimates of post-charge-off recoveries, including cash payments from customers, amounts realized from the repossession of the products financed, sales tax recoveries from taxing jurisdictions, and payments received under credit insurance policies are also considered.

We determine allowances for those accounts that are TDR based on the discounted present value of cash flows expected to be collected over the life of those accounts. The excess of the carrying amount over the discounted cash flow amount is recorded as an allowance for loss on those accounts.

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 revenues. Typically, interest income is accrued until the customer account is paid off or charged-off, and we provide an allowance for estimated uncollectible interest. Interest income on installment contracts with our customers is based on the rule of 78s. In order to convert the interest income recognized to the interest method, we have recorded the excess earnings of rule of 78s over the interest method as deferred revenue on our balance sheets. Our calculation of interest income also includes an estimate of the benefit from future prepayments based on our historical experience of the timing of expected prepayments over the remaining life of pooled loans. At July 31, 2016 and January 31, 2016, there were $8.9 million and $5.2 million, respectively, of deferred interest included in deferred revenues and other credits and other long-term liabilities. The deferred interest will ultimately be brought into income as the accounts pay off or charge-off.

We offer 12-month, no-interest finance programs. If the customer is delinquent in making a scheduled monthly payment or does not repay the principal in full by the end of the no-interest program period (grace periods are provided), the account does not qualify for the no-interest provision and none of the interest earned is waived. Interest income is recognized based on estimated accrued interest earned to date on all 12-month, no-interest finance programs with an offsetting reserve for those customers expected to satisfy the requirements of the program based on our historical experience.

We previously offered 18- and 24-month equal-payment, no-interest finance programs to certain higher credit quality borrowers, which were discounted to their present value at origination, resulting in a reduction in sales and customer receivables, and the discount amount is amortized into finance charges and other revenues over the term of the contract. If a customer is delinquent in making a scheduled monthly payment (grace periods are provided), the account begins accruing interest based on the contract rate from the date of the last payment made.

We recognize interest income on TDR accounts using the interest income method, which requires reporting interest income equal to the increase in the net carrying amount of the loan attributable to the passage of time. Cash proceeds and other adjustments are applied to the net carrying amount such that it equals the present value of expected future cash flows.

We typically only place accounts in non-accrual status when legally required. Payments received on non-accrual loans will be applied to principal and reduce the 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. At July 31, 2016 and January 31, 2016, customer receivables carried in non-accrual status were $24.4 million and $20.6 million, respectively. At July 31, 2016 and January 31, 2016, customer receivables that were past due 90 days or more and still accruing interest totaled $104.7 million and $115.1 million, respectively.

Income Taxes. For the six months ended July 31, 2016, we utilized the estimated annual effective tax rate in determining income tax expense rather than the actual effective tax rate (discrete method), which we used for the three months ended April 30, 2016, based on our updated estimated fiscal 2017 pre-tax income.

Fair Value of Financial Instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities recorded at fair value are categorized using defined hierarchical levels related to subjectivity associated with the inputs to fair value measurements as follows:


•	Level 1 – 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, restricted cash, and accounts payable approximate their carrying amounts because of the short maturity of these instruments. The fair value of customer accounts receivables, determined using a Level 3 discounted cash flow analysis, approximates their carrying amount. The fair value of our revolving credit facility approximates carrying value based on the current borrowing rate for similar types of borrowing arrangements. At July 31, 2016, the fair value of our Senior Notes, which was determined using Level 1 inputs, was $175.9 million as compared to the carrying value of $227.0 million, excluding the impact of the related discount. At July 31, 2016, the fair value of the VIE's Class A Notes and Class B Notes, which were determined using Level 2 inputs based on inactive trading activity, approximates their carrying value.

Reclassifications. Certain reclassifications have been made to prior fiscal year amounts to conform to the presentation in the current fiscal year. On the consolidated balance sheets, as of January 31, 2016, we reclassified cash held by the VIEs as additional collateral for the asset-backed notes out of current restricted cash and separately presented as long-term restricted cash. These reclassifications did not impact consolidated operating income or net income.

Recent Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers, which provides a single comprehensive accounting standard for revenue recognition for contracts with customers and supersedes current guidance. Upon adoption of ASU 2014-09, entities are required to recognize revenue using the following comprehensive model: (1) identify contracts with customers, (2) identify the performance obligations in contracts, (3) determine transaction price, (4) allocate the transaction price to the performance obligations, and (5) recognize revenue as each performance obligation is satisfied. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers: Deferral of Effective Date, which defers the effective date of ASU 2014-09 by one year and allows early adoption on a limited basis. ASU 2014-09 is now effective for us beginning in the first quarter of fiscal year 2019 and will result in retrospective application, either in the form of recasting all prior periods presented or a cumulative adjustment to equity in the period of adoption. We are currently assessing the impact the new standard will have on our financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases, which will change how lessees account for leases. For most leases, a liability will be recorded on the balance sheet based on the present value of future lease obligations with a corresponding right-of-use asset. Primarily for those leases currently classified by us as operating leases, we will recognize a single lease cost on a straight line basis based on the combined amortization of the lease obligation and the right-of-use asset. Other leases will be required to be accounted for as financing arrangements similar to how we currently account for capital leases. On transition, we will recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The standard is effective for us beginning in the first quarter of fiscal year 2020. We are currently assessing the impact the new standard will have on our financial statements.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which modifies the accounting for excess tax benefits and tax deficiencies associated with share-based payments, the accounting for forfeitures, and the classification of certain items on the statement of cash flows. ASU 2016-09 eliminates the requirement to recognize excess tax benefits in additional paid-in capital ("APIC"), and the requirement to evaluate tax deficiencies for APIC or income tax expense classification, and provides for these benefits or deficiencies to be recorded as an income tax expense or benefit in the income statement. With these changes, tax-related cash flows resulting from share-based payments will be classified as operating activities as opposed to financing, as currently presented. The standard is effective for us in the first quarter of fiscal year 2018, although early adoption is permitted. We are currently assessing the impact the new standard will have on our financial statements.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses. ASU 2016-13 requires that financial assets measured at amortized cost should be presented at the net amount expected to be collected through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The standard is effective for us in the first quarter of fiscal year 2021, and earlier adoption is permitted beginning in the first quarter of fiscal year 2020. We are currently assessing the impact the new standard will have on our financial statements.

Charges and Credits

6 Months Ended

Jul. 31, 2016

Charges and Credits [Abstract]

Charges and Credits

Charges and credits consisted of the following:



	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2016		2015		2016		2015
Store and facility closure costs	$	—	$	—	$	—	$	425
Impairments from disposals	1,385		—		1,385		—
Legal and professional fees related to the exploration of strategic alternatives and securities-related litigation	135		1,013		589		1,207
Employee severance	1,213		—		1,213		—
Executive management transition costs	162		—		234		—
	$	2,895	$	1,013	$	3,421	$	1,632

During the three and six months ended July 31, 2016, we had costs associated with impairments from disposals, legal and professional fees related to our securities-related litigation, charges for severance and transition costs due to changes in the executive management team. The impairments from disposals included the write-off of leasehold improvements for one store we relocated prior to the end of its useful life and incurred costs for a terminated store project prior to starting construction. During the three and six months ended July 31, 2015, we had costs associated with legal and professional fees related to our exploration of strategic alternatives and our securities-related litigation. During the six months ended July 31, 2015, we also had charges related to the closing of under-performing retail locations.

Supplemental Disclosure of Finance Charges and Other Revenue

6 Months Ended

Jul. 31, 2016

Supplemental Disclosure of Finance Charges and Other Revenue [Abstract]

Finance Charges And Other Revenue Disclosure [Text Block]

Finance Charges and Other Revenues

Finance charges and other revenues consisted of the following:



	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2016		2015		2016		2015
Interest income and fees	$	54,502	$	57,383	$	115,123	$	112,802
Insurance commissions	11,219		13,062		20,675		24,091
Other revenues	437		659		931		808
	$	66,158	$	71,104	$	136,729	$	137,701

Interest income and fees and insurance commissions are derived from the credit segment operations, whereas other revenues are derived from the retail segment operations. During the three months ended July 31, 2016, we decreased interest income and fees by $8.2 million as a result of changes in estimates to our allowance for no-interest option credit programs and deferred interest as described in Note 1, Summary of Significant Accounting Policies. For the three months ended July 31, 2016 and 2015, interest income and fees was reduced by provisions for uncollectible interest of $10.2 million and $8.9 million, respectively. For the six months ended July 31, 2016 and 2015, interest income and fees was reduced by provisions for uncollectible interest of $20.2 million and $17.4 million, respectively. For the three months ended July 31, 2016 and 2015, the amount included in interest income and fees related to TDR accounts was $4.2 million and $3.3 million, respectively. For the six months ended July 31, 2016 and 2015, the amount included in interest income and fees related to TDR accounts was $8.3 million and $6.5 million, respectively.

Allowance for doubtful accounts and uncollectible interest for customer receivables

Customer accounts receivable consisted of the following:



	Total Outstanding Balance
	Customer Accounts Receivable						60 Days Past Due ⁽¹⁾				Re-aged ⁽¹⁾
(in thousands)	July 31, 2016			January 31, 2016			July 31, 2016		January 31, 2016		July 31, 2016		January 31, 2016
Customer accounts receivable	$	1,415,728		$	1,470,205		$	115,316	$	127,400	$	108,242	$	112,221
Restructured accounts	128,611			117,651			33,558		30,323		128,611		117,651
Total customer portfolio balance	1,544,339			1,587,856			$	148,874	$	157,723	$	236,853	$	229,872
Allowance for uncollectible accounts	(201,176		)	(190,990		)
Allowances for no-interest option credit programs	(22,575		)	(21,290		)
Total customer accounts receivable, net	1,320,588			1,375,576
Short-term portion of customer accounts receivable, net	(733,718		)	(743,931		)
Long-term portion of customer accounts receivable, net	$	586,870		$	631,645
Securitized receivables held by the VIE	$	922,994		$	870,684		$	129,466	$	135,800	$	216,215	$	204,594
Receivables not held by the VIE	621,345			717,172			19,408		21,923		20,638		25,278
Total customer portfolio balance	$	1,544,339		$	1,587,856		$	148,874	$	157,723	$	236,853	$	229,872

(1)

Due to the fact that an account can become past due after having been re-aged, accounts could be represented as both past due and re-aged. As of July 31, 2016 and January 31, 2016, the amounts included within both past due and re-aged were $58.1 million and $55.2 million, respectively. As of July 31, 2016 and January 31, 2016, the total customer portfolio balance past due one day or greater was $381.3 million and $387.3 million, respectively. These amounts include the 60 days past due balances shown.

Customer Accounts Receivable

6 Months Ended

Jul. 31, 2016

Receivables [Abstract]

Customer Accounts Receivable

Customer accounts receivable consisted of the following:



	Total Outstanding Balance
	Customer Accounts Receivable						60 Days Past Due ⁽¹⁾				Re-aged ⁽¹⁾
(in thousands)	July 31, 2016			January 31, 2016			July 31, 2016		January 31, 2016		July 31, 2016		January 31, 2016
Customer accounts receivable	$	1,415,728		$	1,470,205		$	115,316	$	127,400	$	108,242	$	112,221
Restructured accounts	128,611			117,651			33,558		30,323		128,611		117,651
Total customer portfolio balance	1,544,339			1,587,856			$	148,874	$	157,723	$	236,853	$	229,872
Allowance for uncollectible accounts	(201,176		)	(190,990		)
Allowances for no-interest option credit programs	(22,575		)	(21,290		)
Total customer accounts receivable, net	1,320,588			1,375,576
Short-term portion of customer accounts receivable, net	(733,718		)	(743,931		)
Long-term portion of customer accounts receivable, net	$	586,870		$	631,645
Securitized receivables held by the VIE	$	922,994		$	870,684		$	129,466	$	135,800	$	216,215	$	204,594
Receivables not held by the VIE	621,345			717,172			19,408		21,923		20,638		25,278
Total customer portfolio balance	$	1,544,339		$	1,587,856		$	148,874	$	157,723	$	236,853	$	229,872

(1)

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



	Six Months Ended July 31, 2016									Six Months Ended July 31, 2015
(in thousands)	Customer Accounts Receivable			Restructured Accounts			Total			Customer Accounts Receivable			Restructured Accounts			Total
Allowance at beginning of period	$	149,226		$	41,764		$	190,990		$	118,786		$	28,196		$	146,982
Provision ⁽¹⁾	108,333			29,768			138,101			91,821			24,396			116,217
Principal charge-offs ⁽²⁾	(91,261		)	(20,969		)	(112,230		)	(71,280		)	(14,190		)	(85,470		)
Interest charge-offs	(15,384		)	(3,544		)	(18,928		)	(13,056		)	(2,599		)	(15,655		)
Recoveries ⁽²⁾	2,636			607			3,243			1,881			375			2,256
Allowance at end of period	$	153,550		$	47,626		$	201,176		$	128,152		$	36,178		$	164,330
Average total customer portfolio balance	$	1,428,396		$	123,451		$	1,551,847		$	1,297,951		$	95,652		$	1,393,603


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

(2)

Charge-offs include the principal amount of losses (excluding accrued and unpaid interest). Recoveries include principal collections of previously charged-off balances. Net charge-offs are calculated as the net of principal charge-offs and recoveries. During the three months ended July 31, 2016, we increased provision for bad debts by $5.0 million as a result of changes in estimates as it relates to sales tax recovery on previously charged-off accounts as described in Note 1, Summary of Significant Accounting Policies.

Accrual for Store Closures

6 Months Ended

Jul. 31, 2016

Restructuring and Related Activities [Abstract]

Accrual for Store Closures

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

The following table presents detail of the activity in the accrual for store closures:



	Six Months Ended July 31,
(in thousands)	2016			2015
Balance at beginning of period	$	1,866		$	2,556
Accrual for additional closures	—			318
Adjustments	23			(32		)
Cash payments, net of sublease income	(339		)	(698		)
Balance at end of period	1,550			2,144
Current portion, included in accrued expenses	(643		)	(640		)
Long-term portion, included in other long-term liabilities	$	907		$	1,504

Debt and Letters of Credit

6 Months Ended

Jul. 31, 2016

Debt Disclosure [Abstract]

Debt and Letters of Credit

Debt and Capital Lease Obligations

Debt and capital lease obligations consisted of the following:



(in thousands)	July 31, 2016			January 31, 2016
Revolving credit facility	$	299,500		$	329,207
Senior Notes	227,000			227,000
2015-A Class A Notes	195,518			551,383
2015-A Class B Notes	165,900			165,900
2016-A Class A Notes	241,077			—
2016-A Class B Notes	70,510			—
Capital lease obligations	2,065			2,488
Total debt and capital lease obligations	1,201,570			1,275,978
Less:
Unamortized discounts and debt issuance costs	(18,861		)	(26,300		)
Current maturities of capital lease obligations	(761		)	(799		)
Long-term debt and capital lease obligations	$	1,181,948		$	1,248,879

Senior Notes. On July 1, 2014, we issued $250.0 million of unsecured Senior Notes due July 2022 bearing interest at 7.250%, pursuant to an indenture dated July 1, 2014 (the "Indenture") among Conn's, Inc., its subsidiary guarantors (the "Guarantors") and U.S. Bank National Association, as trustee. During the year ended January 31, 2016, we repurchased $23.0 million of face value of the Senior Notes for $22.9 million. The effective interest rate of the Senior Notes after giving effect to offering fees and debt discount is 7.7%.

The Indenture, as amended, restricts the Company's and certain of its subsidiaries' ability to: (i) incur indebtedness; (ii) pay dividends or make other distributions in respect of, or repurchase or redeem, our capital stock ("restricted payments"); (iii) prepay, redeem or repurchase debt that is junior in right of payment to the notes; (iv) make loans and certain investments; (v) sell assets; (vi) incur liens; (vii) enter into transactions with affiliates; and (viii) consolidate, merge or sell all or substantially all of our assets. These covenants are subject to a number of important exceptions and qualifications. Specifically, limitations for restricted payments are triggered only if one or more of the following occurred: (1) a default were to exist under the indenture, (2) if we could not satisfy a debt incurrence test, and (3) if the aggregate amount of restricted payments would exceed an amount tied to the consolidated net income. These limitations, however, are subject to two exceptions: (1) an exception that permits the payment of up to $375.0 million in restricted payments, and (2) an exception that permits restricted payments regardless of dollar amount so long as, after giving pro forma effect to the dividends and other restricted payments, we would have a leverage ratio, as defined under the Indenture, less than or equal to 2.50 to 1.00. Thus, as of July 31, 2016, $190.2 million would have been free from the dividend restriction. However, as a result of the revolving credit facility dividend restrictions, which are further described below, no amount was available for dividends. During any time when the Senior Notes are rated investment grade by either of Moody's Investors Service, Inc. or Standard & Poor's Ratings Services and no default (as defined in the Indenture) has occurred and is continuing, many of such covenants will be suspended and we will cease to be subject to such covenants during such period.

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

Asset-backed Notes. In September 2015, the 2015 VIE issued asset-backed notes secured by the transferred customer accounts receivables and restricted cash held by the 2015 VIE. The asset-backed notes consist of the following securities:


•	Asset-backed Fixed Rate Notes, Class A, Series 2015-A ("2015-A Class A Notes") in aggregate principal amount of $952.1 million that bear interest at a fixed annual rate of 4.565% and mature on September 15, 2020. The effective interest rate of the 2015-A Class A Notes after giving effect to offering fees is 6.8%.


•	Asset-backed Fixed Rate Notes, Class B, Series 2015-A ("2015-A Class B Notes") in aggregate principal amount of $165.9 million that bear interest at a fixed annual rate of 8.500% and mature on September 15, 2020. The effective interest rate of the 2015-A Class B Notes after giving effect to offering fees is 12.8%.

The 2015-A Class A Notes and 2015-A Class B Notes were offered and sold to qualified institutional buyers pursuant to the exemptions from registration provided by Rule 144A under the Securities Act. If an event of default were to occur under the indenture that governs the notes, the payment of the outstanding amounts would be accelerated, in which event the cash proceeds of the receivables that otherwise might be released to us as the holder of the residual equity would instead be directed entirely toward repayment of the 2015-A Class A Notes and 2015-A Class B Notes. The holders of the notes have no recourse to assets outside of the 2015 VIE. Events of default include, but are not limited to, failure to make required payments on the notes or specified bankruptcy-related events.

In March 2016, the 2016 VIE issued asset-backed notes secured by the transferred customer accounts receivables and restricted cash held by the 2016 VIE. The asset-backed notes consist of the following securities:


•	Asset-backed Fixed Rate Notes, Class A, Series 2016-A ("2016-A Class A Notes") in aggregate principal amount of $423.0 million that bear interest at a fixed annual rate of 4.680% and mature on April 16, 2018. The effective interest rate of the 2016-A Class A Notes after giving effect to offering fees is 6.8%.


•	Asset-backed Fixed Rate Notes, Class B, Series 2016-A ("2016-A Class B Notes") in aggregate principal amount of $70.5 million that bear interest at a fixed annual rate of 8.960% and mature on August 15, 2018. The effective interest rate of the 2016-A Class B Notes after giving effect to offering fees is 9.8%.

The 2016-A Class A Notes and 2016-A Class B Notes were offered and sold to qualified institutional buyers pursuant to the exemptions from registration provided by Rule 144A under the Securities Act. If an event of default were to occur under the indenture that governs the notes, the payment of the outstanding amounts would be accelerated, in which event the cash proceeds of the receivables that otherwise might be released to us as the holder of a third class of asset-backed notes issued by the 2016 VIE ("2016-A Class C Notes") and the residual equity would instead be directed entirely toward repayment of the 2016-A Class A Notes and 2016-A Class B Notes. The holders of the notes have no recourse to assets outside of the 2016 VIE. Events of default include, but are not limited to, failure to make required payments on the notes or specified bankruptcy-related events.

Revolving Credit Facility. On October 30, 2015, Conn's, Inc. and certain of its subsidiaries (the "Borrowers") entered into the Third Amended and Restated Loan and Security Agreement with a syndicate of banks that provides for an $810.0 million asset-based revolving credit facility (the "revolving credit facility") under which availability is subject to a borrowing base. The revolving credit facility matures on October 30, 2018.

On February 16, 2016, the Borrowers entered into a first amendment to the revolving credit facility, which resulted in various changes, including:


•	Excluding non-cash deferred amortization of debt related transaction costs from interest coverage ratio; and


•	Extending from 6 months to 18 months the time frame subsequent to the closing of a securitization transaction in which the Cash Recovery Percent covenant will be determined.

On May 18, 2016, the Borrowers entered into a second amendment to the revolving credit facility, which resulted in various changes, including:


•	Amending the minimum interest coverage ratio covenant, so long as the borrowing base reduction discussed below is in effect, to:


◦	Reduce the minimum interest coverage ratio covenant to 1.0x for the second quarter of fiscal 2017 through the first quarter of fiscal 2018; and


◦	Reduce the minimum interest coverage ratio covenant to 1.25x for the second quarter of fiscal 2018 through the third quarter of fiscal 2019.


•	Modifying the conditions for repurchases of the Company's common stock, including the addition of a requirement to achieve a minimum interest coverage ratio of 2.5x for two consecutive quarters; and


•	Reducing the borrowing base by $15.0 million beginning on May 31, 2016, reducing the borrowing base by $10.0 million for any month beginning with July 31, 2017 so long as the interest coverage ratio is at least 1.25x, and no borrowing base reduction at any time the interest coverage ratio is at least 2.0x for two consecutive quarters.

As of July 31, 2016, loans under the revolving credit facility bear interest, at our option, at a rate of LIBOR plus a margin ranging from 2.5% to 3.0% per annum (depending on quarterly average net availability under the borrowing base) or the alternate base rate plus a margin ranging from 1.5% to 2.0% per annum (depending on quarterly average net availability under the borrowing base). Pursuant to the second amendment, the margins increased by 25 basis points subsequent to July 31, 2016. The alternate base rate is the greater of the prime rate announced by Bank of America, N.A., the federal funds rate plus 0.5%, or LIBOR for a 30-day interest period plus 1.0%. The effective interest rate on borrowings outstanding under the revolving credit facility after giving effect to offering fees is 5.5%. We also pay an unused fee on the portion of the commitments that are available for future borrowings or letters of credit at a rate ranging from 0.25% to 0.75% per annum, depending on the outstanding balance and letters of credit of the revolving credit facility.

The revolving credit facility provides funding based on a borrowing base calculation that includes customer accounts receivable and inventory, and provides for a $40.0 million sub-facility for letters of credit to support obligations incurred in the ordinary course of business. The obligations under the revolving credit facility are secured by substantially all assets of the Company, excluding the assets of the VIEs. As of July 31, 2016, we had immediately available borrowing capacity of $97.7 million under our revolving credit facility, net of standby letters of credit issued of $5.3 million. We also had $407.5 million that may become available under our revolving credit facility if we grow the balance of eligible customer receivables and our total eligible inventory balances.

The revolving credit facility places restrictions on our ability to incur additional indebtedness, grant liens on assets, make distributions on equity interests, dispose of assets, make loans, pay other indebtedness, engage in mergers, and other matters. The revolving credit facility restricts our ability to make dividends and distributions unless no event of default exists and a liquidity test is satisfied. Subsidiaries of the Company may make dividends and distributions to the Company and other obligors under the revolving credit facility without restriction. As of July 31, 2016, under the revolving credit facility, as amended, no amount was available for dividends. The revolving credit facility contains customary default provisions, which, if triggered, could result in acceleration of all amounts outstanding under the revolving credit facility.

Debt covenants. We were in compliance with our debt covenants, as amended, at July 31, 2016. A summary of the significant financial covenants that govern our revolving credit facility, as amended, compared to our actual compliance status at July 31, 2016 is presented below:



	Actual	Required Minimum/ Maximum
Interest Coverage Ratio must equal or exceed minimum	1.03:1.00	1.00:1.00
Leverage Ratio must not exceed maximum	2.63:1.00	4.00:1.00
ABS Excluded Leverage Ratio must not exceed maximum	1.52:1.00	2.00:1.00
Cash Recovery Percent must exceed stated amount	4.77%	4.50%
Capital Expenditures, net, must not exceed maximum	$26.0 million	$75.0 million

All capitalized terms in the above table are defined by the revolving credit facility, as amended, and may or may not agree directly with the financial statement captions in this document. Compliance with the covenants is calculated quarterly, except for the Cash Recovery Percent, which is calculated monthly on a trailing three-month basis, and Capital Expenditures, which is calculated for a period of four consecutive fiscal quarters, as of the end of each fiscal quarter. The revolving credit facility provides for 18 months subsequent to the closing of a securitization transaction in which the Cash Recovery Percent will be determined based on the portfolio of contracts subject to the (i) securitization facilities; and (ii) a lien under the revolving credit facility.

Contingencies	6 Months Ended
Contingencies	Jul. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Securities Class Action Litigation. We and one of our current and one of our former executive officers are defendants in a consolidated securities class action lawsuit pending in the United States District Court for the Southern District of Texas (the "Court"), In re Conn's Inc. Securities Litigation, Cause No. 14-CV-00548 (the "Consolidated Securities Action"). The Consolidated Securities Action started as three separate purported securities class action lawsuits filed between March 5, 2014 and May 5, 2014, which were combined into the Consolidated Securities Action on June 3, 2014. The plaintiffs in the Consolidated Securities Action allege that the defendants made false and misleading statements and/or failed to disclose material adverse facts about our business, operations, and prospects. They allege violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder and seek to certify a class of all persons and entities that purchased or otherwise acquired Conn's common stock and/or call options, or sold/wrote Conn's put options between April 3, 2013 and December 9, 2014. The complaint does not specify the amount of damages sought. On June 30, 2015, the Court held a hearing on the defendants' motion to dismiss plaintiffs' complaint. At the hearing, the Court dismissed Brian Taylor, a former executive officer, and certain other aspects of the complaint. The Court ordered the plaintiffs to further amend their complaint in accordance with its ruling, and the plaintiffs filed their Fourth Consolidated Amended Complaint on July 21, 2015. The remaining defendants filed a motion to dismiss on August 28, 2015. The briefing on the defendants' motion to dismiss was fully briefed and the Court held a hearing on defendants' motion over the course of two days, on March 25 and 29, 2016. On May 6, 2016, the Court granted in part and denied in part defendants' motion to dismiss the plaintiffs' complaint. Thereafter, the defendants filed a motion requesting the Court's decision be certified for interlocutory appeal to the United States Fifth Circuit Court of Appeals, which the Court denied on June 13, 2016. On June 24, 2016, the defendant’s filed their answer to the Consolidated Securities Action, denying liability and raising numerous affirmative defenses to the claims asserted against them. The parties have negotiated a scheduling order, which has not yet been entered by the Court, and discovery is proceeding. The defendants intend to vigorously defend against all of these claims. It is not possible at this time to predict the timing or outcome of any of this litigation, and we cannot reasonably estimate the possible loss or range of possible loss from these claims. Derivative Litigation. On December 1, 2014, an alleged shareholder, purportedly on behalf of the Company, filed a derivative shareholder lawsuit against us and certain of our current and former directors and executive officers in the Court, captioned as Robert Hack, derivatively on behalf of Conn's, Inc., v. Theodore M. Wright (former executive officer and former director), Bob L. Martin, Jon E.M. Jacoby (former director), Kelly M. Malson, Douglas H. Martin, David Schofman, Scott L. Thompson (former director), Brian Taylor (former executive officer) and Michael J. Poppe and Conn's, Inc., Case No. 4:14-cv-03442 (the "Original Derivative Action"). The complaint asserts claims for breach of fiduciary duty, unjust enrichment, gross mismanagement, and insider trading based on substantially similar factual allegations as those asserted in the Consolidated Securities Action. The plaintiff seeks unspecified damages against these persons and does not request any damages from us. Setting forth substantially similar claims against the same defendants, on February 25, 2015, an additional federal derivative action, captioned 95250 Canada LTEE, derivatively on Behalf of Conn's, Inc. v. Wright et al., Cause No. 4:15-cv-00521, was filed in the Court, which has been consolidated with the Original Derivative Action. The Court previously approved a stipulation among the parties to stay the action pending resolution of the motion to dismiss in the Consolidated Securities Action. The parties are currently discussing next steps in the litigation process. Another derivative action was filed on January 27, 2015, captioned as Richard A. Dohn v. Wright, et al., Cause No. 2015-04405, filed in the 281^st Judicial District Court, Harris County, Texas. This action makes substantially similar allegations to the Original Derivative Action against the same defendants. On July 28, 2016, the court entered an order extending the stay for an additional 90 days (until October 26, 2016). On May 19, 2016, an alleged shareholder, purportedly on behalf of the Company, filed a lawsuit against us and certain of our current and former directors and executive officers in the 55^th Judicial District Court, Harris County, Texas, captioned as Robert J. Casey II, derivatively on behalf of Conn's, Inc., v. Theodore M. Wright (former executive officer and former director), Michael J. Poppe, Brian Taylor (former executive officer), Bob L. Martin, Jon E.M. Jacoby (former director), Kelly M. Malson, Douglas H. Martin, David Schofman, Scott L. Thompson (former director) and William E. Saunders Jr., and Conn's, Inc., Cause No. 2016-33135. The complaint asserts claims for breach of fiduciary duties and unjust enrichment based on substantially similar factual allegations as those asserted in the Original Derivative Action. The complaint does not specify the amount of damages sought. None of the plaintiffs in any of the derivative actions made a demand on our Board of Directors prior to filing their respective lawsuits. The defendants in the derivative actions intend to vigorously defend against these claims. We cannot reasonably estimate the possible loss or range of possible loss from these claims. Regulatory Matters. We are continuing to cooperate with the SEC's investigation, which began on or around November 2014, which generally relates to our underwriting policies and bad debt provisions. The investigation is a non-public, fact-finding inquiry, and the SEC has stated that the investigation does not mean that any violations of law have occurred. In addition, we are involved in other routine litigation and claims incidental to our business from time to time which, individually or in the aggregate, are not expected to have a material adverse effect on our financial position, results of operations or cash flows. As required, we accrue estimates of the probable costs for the resolution of these matters. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. However, the results of these proceedings cannot be predicted with certainty and changes in facts and circumstances could impact our estimate of reserves for litigation.

Variable Interest Entity Variable Interest Entity

6 Months Ended

Jul. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entity

Variable Interest Entities

The VIEs have issued asset-backed notes secured by the transferred customer accounts receivables and restricted cash held by the VIEs. Under the terms of the securitization transactions, the customer receivable principal and interest payment cash flows will go first to the servicer and the holders of issued notes, and then to us as the holder of the 2016-A Class C Notes and residual equities. We retain the servicing of the securitized portfolios and are receiving a monthly fee of 4.75% (annualized) based on the outstanding balance of the securitized receivables. In addition, we, rather than the VIEs, will retain all credit insurance income together with certain recoveries related to credit insurance and repair service agreements on charge-offs of the securitized receivables, which will continue to be reflected as a reduction of net charge-offs on a consolidated basis for as long as we consolidate the VIEs. The following presents the assets and liabilities held by the VIEs and that are included in our consolidated balance sheet (for legal purposes, the assets and liabilities of the VIEs will remain distinct from Conn's, Inc.):



(in thousands)	July 31, 2016			January 31, 2016
Assets:
Restricted cash	$	95,983		$	78,576
Due from Conn's, Inc.	4,226			3,405
Customer accounts receivable:
Customer accounts receivable	803,815			763,278
Restructured accounts	119,179			107,406
Allowance for uncollectible accounts	(131,719		)	(136,325		)
Allowances for no-interest option credit programs	(14,923		)	(12,955		)
Total customer accounts receivable, net	776,352			721,404
Total assets	$	876,561		$	803,385
Liabilities:
Accrued interest	$	1,693		$	1,636
Deferred interest income	5,387			3,042
Long-term debt:
2015-A Class A Notes	195,518			551,383
2015-A Class B Notes	165,900			165,900
2016-A Class A Notes	241,077			—
2016-A Class B Notes	70,510			—
	673,005			717,283
Less unamortized discounts and debt issuance costs	(10,994		)	(17,768		)
Total long-term debt	662,011			699,515
Total liabilities	$	669,091		$	704,193

The assets of the VIEs serve as collateral for the obligations of the VIEs. The holders of the Class A Notes and Class B Notes have no recourse to assets outside of the VIEs.

Segment Reporting

6 Months Ended

Jul. 31, 2016

Segment Reporting [Abstract]

Segment Reporting

Financial information by segment is presented in the following tables:



	Three Months Ended July 31, 2016								Three Months Ended July 31, 2015
(in thousands)	Retail		Credit			Total			Retail		Credit			Total
Revenues:
Furniture and mattress	$	105,562	$	—		$	105,562		$	98,882	$	—		$	98,882
Home appliance	101,359		—			101,359			97,260		—			97,260
Consumer electronic	65,735		—			65,735			69,682		—			69,682
Home office	21,701		—			21,701			22,940		—			22,940
Other	5,366		—			5,366			4,975		—			4,975
Product sales	299,723		—			299,723			293,739		—			293,739
Repair service agreement commissions	28,310		—			28,310			27,756		—			27,756
Service revenues	3,966		—			3,966			3,451		—			3,451
Total net sales	331,999		—			331,999			324,946		—			324,946
Finance charges and other revenues	437		65,721			66,158			659		70,445			71,104
Total revenues	332,436		65,721			398,157			325,605		70,445			396,050
Costs and expenses:
Cost of goods sold	208,869		—			208,869			202,461		—			202,461
Selling, general and administrative expenses ⁽¹⁾	84,838		35,008			119,846			76,683		28,149			104,832
Provision for bad debts	127		60,069			60,196			324		51,322			51,646
Charges and credits	2,895		—			2,895			1,013		—			1,013
Total costs and expense	296,729		95,077			391,806			280,481		79,471			359,952
Operating income (loss)	35,707		(29,356		)	6,351			45,124		(9,026		)	36,098
Interest expense	—		24,138			24,138			—		10,055			10,055
Income (loss) before income taxes	$	35,707	$	(53,494	)	$	(17,787	)	$	45,124	$	(19,081	)	$	26,043



	Six Months Ended July 31, 2016								Six Months Ended July 31, 2015
(in thousands)	Retail		Credit			Total			Retail		Credit			Total
Revenues:
Furniture and mattress	$	210,868	$	—		$	210,868		$	188,384	$	—		$	188,384
Home appliance	189,263		—			189,263			181,362		—			181,362
Consumer electronic	131,600		—			131,600			141,112		—			141,112
Home office	44,174		—			44,174			44,925		—			44,925
Other	10,308		—			10,308			9,582		—			9,582
Product sales	586,213		—			586,213			565,365		—			565,365
Repair service agreement commissions	56,495		—			56,495			51,552		—			51,552
Service revenues	7,833		—			7,833			6,508		—			6,508
Total net sales	650,541		—			650,541			623,425		—			623,425
Finance charges and other revenues	931		135,798			136,729			808		136,893			137,701
Total revenues	651,472		135,798			787,270			624,233		136,893			761,126
Costs and expenses:
Cost of goods sold	413,335		—			413,335			389,594		—			389,594
Selling, general and administrative expenses ⁽¹⁾	164,821		68,272			233,093			144,910		55,597			200,507
Provision for bad debts	525		117,889			118,414			393		98,796			99,189
Charges and credits	3,421		—			3,421			1,632		—			1,632
Total costs and expense	582,102		186,161			768,263			536,529		154,393			690,922
Operating income (loss)	69,370		(50,363		)	19,007			87,704		(17,500		)	70,204
Interest expense	—		50,034			50,034			—		19,483			19,483
Income (loss) before income taxes	$	69,370	$	(100,397	)	$	(31,027	)	$	87,704	$	(36,983	)	$	50,721

(1)

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 that 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. For the three months ended July 31, 2016 and 2015, the amount of overhead allocated to each segment was $6.5 million and $3.4 million, respectively. For the six months ended July 31, 2016 and 2015, the amount of overhead allocated to each segment was $12.2 million and $6.9 million, respectively. For the three months ended July 31, 2016 and 2015, the amount of reimbursements made to the retail segment by the credit segment were $9.6 million and $8.9 million, respectively. For the six months ended July 31, 2016 and 2015, the amount of reimbursements made to the retail segment by the credit segment were $19.4 million and $17.4 million, respectively.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

Guarantor Financial Information (Notes)

6 Months Ended

Jul. 31, 2016

Condensed Balance Sheet Statements, Captions [Line Items]

Condensed Balance Sheet [Table Text Block]


10.	Guarantor Financial Information

Conn's, Inc. is a holding company with no independent assets or operations other than its investments in its subsidiaries. The Senior Notes, which were issued by Conn's, Inc., are fully and unconditionally guaranteed on a joint and several senior unsecured basis by the Guarantors. The direct or indirect subsidiaries of Conn's, Inc. that are not Guarantors are the VIE and minor subsidiaries. Prior to transferring the securitized customer receivables to the 2015 VIE in September 2015, the only direct or indirect subsidiaries of Conn's, Inc. that were not Guarantors were minor subsidiaries. There are no restrictions under the Indenture on the ability of any of the Guarantors to transfer funds to Conn's, Inc. in the form of loans, advances or dividends, except as provided by applicable law. The following financial information presents the condensed consolidated balance sheet, statement of operations, and statement of cash flows for Conn's, Inc. (the issuer of the Senior Notes), the Guarantor Subsidiaries, and the Non-guarantor Subsidiaries, together with certain eliminations.

Condensed Consolidated Balance Sheet as of July 31, 2016.



(in thousands)	Conn's, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	15,535	$	—	$	—		$	15,535
Restricted cash	—		—		70,981		—			70,981
Customer accounts receivable, net of allowance	—		234,333		499,385		—			733,718
Other accounts receivable	—		82,924		—		—			82,924
Inventories	—		191,642		—		—			191,642
Other current assets	19,700		16,482		4,226		(4,226		)	36,182
Total current assets	19,700		540,916		574,592		(4,226		)	1,130,982
Investment in and advances to subsidiaries	648,840		203,244		—		(852,084		)	—
Long-term portion of customer accounts receivable, net of allowance	—		309,903		276,967		—			586,870
Long-term restricted cash	—		—		25,002		—			25,002
Property and equipment, net	—		174,815		—		—			174,815
Deferred income taxes	70,919		—		—		—			70,919
Other assets	—		8,590		—		—			8,590
Total assets	$	739,459	$	1,237,468	$	876,561	$	(856,310	)	$	1,997,178
Liabilities and Stockholders' Equity
Current liabilities:
Current maturities of capital lease obligations	$	—	$	761	$	—	$	—		$	761
Accounts payable	—		117,628		—		—			117,628
Accrued expenses	686		44,124		1,693		—			46,503
Other current liabilities	—		17,963		3,430		—			21,393
Total current liabilities	686		180,476		5,123		—			186,285
Deferred rent	—		88,452		—		—			88,452
Long-term debt and capital lease obligations	219,133		300,804		662,011		—			1,181,948
Other long-term liabilities	—		18,896		1,957		—			20,853
Total liabilities	219,819		588,628		669,091		—			1,477,538
Total stockholders' equity	519,640		648,840		207,470		(856,310		)	519,640
Total liabilities and stockholders' equity	$	739,459	$	1,237,468	$	876,561	$	(856,310	)	$	1,997,178

Condensed Consolidated Balance Sheet as of January 31, 2016.



(in thousands)	Conn's, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	12,254	$	—	$	—		$	12,254
Restricted cash	—		—		64,151		—			64,151
Customer accounts receivable, net of allowance	—		353,781		390,150		—			743,931
Other accounts receivable	—		95,404		—		—			95,404
Inventories	—		201,969		—		—			201,969
Other current assets	10,774		20,092		3,405		(3,405		)	30,866
Total current assets	10,774		683,500		457,706		(3,405		)	1,148,575
Investment in and advances to subsidiaries	676,492		95,787		—		(772,279		)	—
Long-term portion of customer accounts receivable, net of allowance	—		300,391		331,254		—			631,645
Long-term restricted cash	—		—		14,425		—			14,425
Property and equipment, net	—		151,483		—		—			151,483
Deferred income taxes	70,219		—		—		—			70,219
Other assets	—		8,953		—		—			8,953
Total assets	$	757,485	$	1,240,114	$	803,385	$	(775,684	)	$	2,025,300
Liabilities and Stockholders' Equity
Current liabilities:
Current maturities of capital lease obligations	$	—	$	799	$	—	$	—		$	799
Accounts payable	—		86,797		—		—			86,797
Accrued expenses	736		37,002		1,636		—			39,374
Other current liabilities	—		17,510		1,645		—			19,155
Total current liabilities	736		142,108		3,281		—			146,125
Deferred rent	—		74,559		—		—			74,559
Long-term debt and capital lease obligations	218,468		330,896		699,515		—			1,248,879
Other long-term liabilities	—		16,059		1,397		—			17,456
Total liabilities	219,204		563,622		704,193		—			1,487,019
Total stockholders' equity	538,281		676,492		99,192		(775,684		)	538,281
Total liabilities and stockholders' equity	$	757,485	$	1,240,114	$	803,385	$	(775,684	)	$	2,025,300

Condensed Consolidated Statement of Operations for the three months ended July 31, 2016.



(in thousands)	Conn's, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Total net sales	$	—		$	331,999		$	—		$	—		$	331,999
Finance charges and other revenues	—			33,062			33,096			—			66,158
Servicing fee revenue	—			13,176			—			(13,176		)	—
Total revenues	—			378,237			33,096			(13,176		)	398,157
Costs and expenses:
Cost of goods sold	—			208,869			—			—			208,869
Selling, general and administrative expenses	—			119,846			13,176			(13,176		)	119,846
Provision for bad debts	—			20,830			39,366			—			60,196
Charges and credits	—			2,895			—			—			2,895
Total costs and expenses	—			352,440			52,542			(13,176		)	391,806
Operating income	—			25,797			(19,446		)	—			6,351
Loss (income) from consolidated subsidiaries	9,066			23,293			—			(32,359		)	—
Interest expense	4,397			3,352			16,389			—			24,138
Income (loss) before income taxes	(13,463		)	(848		)	(35,835		)	32,359			(17,787		)
Provision (benefit) for income taxes	(1,539		)	8,218			(12,542		)	—			(5,863		)
Net income (loss)	$	(11,924	)	$	(9,066	)	$	(23,293	)	$	32,359		$	(11,924	)

Condensed Consolidated Statement of Operations for the six months ended July 31, 2016.



(in thousands)	Conn's, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Total net sales	$	—		$	650,541		$	—		$	—		$	650,541
Finance charges and other revenues	—			63,234			73,495			—			136,729
Servicing fee revenue	—			30,311			—			(30,311		)	—
Total revenues	—			744,086			73,495			(30,311		)	787,270
Costs and expenses:
Cost of goods sold	—			413,335			—			—			413,335
Selling, general and administrative expenses	—			233,093			30,311			(30,311		)	233,093
Provision for bad debts	—			56,412			62,002			—			118,414
Charges and credits	—			3,421			—			—			3,421
Total costs and expenses	—			706,261			92,313			(30,311		)	768,263
Operating income	—			37,825			(18,818		)	—			19,007
Loss (income) from consolidated subsidiaries	15,925			34,703			—			(50,628		)	—
Interest expense	8,843			6,620			34,571			—			50,034
Income (loss) before income taxes	(24,768		)	(3,498		)	(53,389		)	50,628			(31,027		)
Provision (benefit) for income taxes	(3,095		)	12,427			(18,686		)	—			(9,354		)
Net income (loss)	$	(21,673	)	$	(15,925	)	$	(34,703	)	$	50,628		$	(21,673	)

Condensed Consolidated Statement of Cash Flows for the six months ended July 31, 2016.



(in thousands)	Conn's, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	(29,362	)	$	(383,378	)	$	544,638		$	—		$	131,898
Cash flows from investing activities:
Purchase of customer accounts receivables	—			—			(478,080		)	478,080			—
Sale of customer accounts receivables	—			478,080			—			(478,080		)	—
Purchase of property and equipment	—			(32,020		)	—			—			(32,020		)
Proceeds from sales of property	—			686			—			—			686
Net change in intercompany	28,743									(28,743		)	—
Net cash provided by (used in) investing activities	28,743			446,746			(478,080		)	(28,743		)	(31,334		)
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes	—			—			493,540			—			493,540
Payments on asset-backed notes	—			—			(537,819		)	—			(537,819		)
Changes in restricted cash balances	—			—			(17,406		)	—			(17,406		)
Borrowings from revolving credit facility	—			405,378			—			—			405,378
Payments on revolving credit facility	—			(435,085		)	—			—			(435,085		)
Payment of debt issuance costs and amendment fees	—			(1,216		)	(4,873		)	—			(6,089		)
Proceeds from stock issued under employee benefit plans	618			—			—			—			618
Net change in intercompany	—			(28,743		)				28,743			—
Other	1			(421		)	—			—			(420		)
Net cash provided by (used in) financing activities	619			(60,087		)	(66,558		)	28,743			(97,283		)
Net change in cash and cash equivalents	—			3,281			—			—			3,281
Cash and cash equivalents, beginning of period	—			12,254			—			—			12,254
Cash and cash equivalents, end of period	$	—		$	15,535		$	—		$	—		$	15,535

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jul. 31, 2016

Accounting Policies [Abstract]

Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]

Trade and Other Accounts Receivable, Policy [Policy Text Block]

Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block]

Income Tax, Policy [Policy Text Block]

Basis of Presentation and Significant Accounting Policies [Text Block]

Variable Interest Entity

Principles of Consolidation

Fiscal Period, Policy [Policy Text Block]

Fiscal Year. Our fiscal year ends on January 31. References to a fiscal year refer to the calendar year in which the fiscal year ends.

Use of Estimates

•

Earnings per Share



	Three Months Ended July 31,		Six Months Ended July 31,
(in thousands)	2016	2015	2016	2015
Weighted average common shares outstanding - Basic	30,731	36,466	30,696	36,416
Dilutive effect of stock based awards	—	576	—	551
Weighted average common shares outstanding - Diluted	30,731	37,042	30,696	36,967

Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]

Interest Income on Customer Accounts Receivable [Policy Text Block]

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

New Accounting Pronouncements, Policy [Policy Text Block]

Reclassifications [Text Block]

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 31, 2016

Accounting Policies [Abstract]

Shares outstanding for the earnings per share calculations

The following table sets forth the shares outstanding used for the earnings per share calculations:



	Three Months Ended July 31,		Six Months Ended July 31,
(in thousands)	2016	2015	2016	2015
Weighted average common shares outstanding - Basic	30,731	36,466	30,696	36,416
Dilutive effect of stock based awards	—	576	—	551
Weighted average common shares outstanding - Diluted	30,731	37,042	30,696	36,967

Charges and Credits (Tables)

6 Months Ended

Jul. 31, 2016

Charges and Credits [Abstract]

Schedule of Charges and Credits [Table Text Block]

Charges and credits consisted of the following:



	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2016		2015		2016		2015
Store and facility closure costs	$	—	$	—	$	—	$	425
Impairments from disposals	1,385		—		1,385		—
Legal and professional fees related to the exploration of strategic alternatives and securities-related litigation	135		1,013		589		1,207
Employee severance	1,213		—		1,213		—
Executive management transition costs	162		—		234		—
	$	2,895	$	1,013	$	3,421	$	1,632

The following table presents detail of the activity in the accrual for store closures:



	Six Months Ended July 31,
(in thousands)	2016			2015
Balance at beginning of period	$	1,866		$	2,556
Accrual for additional closures	—			318
Adjustments	23			(32		)
Cash payments, net of sublease income	(339		)	(698		)
Balance at end of period	1,550			2,144
Current portion, included in accrued expenses	(643		)	(640		)
Long-term portion, included in other long-term liabilities	$	907		$	1,504

Supplemental Disclosure of Finance Charges and Other Revenue (Tables)

6 Months Ended

Jul. 31, 2016

Supplemental Disclosure of Finance Charges and Other Revenue [Abstract]

Supplemental Disclosure of Finance Charges and Other Revenue [Text Block]

Finance charges and other revenues consisted of the following:



	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2016		2015		2016		2015
Interest income and fees	$	54,502	$	57,383	$	115,123	$	112,802
Insurance commissions	11,219		13,062		20,675		24,091
Other revenues	437		659		931		808
	$	66,158	$	71,104	$	136,729	$	137,701

Customer Accounts Receivable (Tables)

6 Months Ended

Jul. 31, 2016

Receivables [Abstract]

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

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



	Six Months Ended July 31, 2016									Six Months Ended July 31, 2015
(in thousands)	Customer Accounts Receivable			Restructured Accounts			Total			Customer Accounts Receivable			Restructured Accounts			Total
Allowance at beginning of period	$	149,226		$	41,764		$	190,990		$	118,786		$	28,196		$	146,982
Provision ⁽¹⁾	108,333			29,768			138,101			91,821			24,396			116,217
Principal charge-offs ⁽²⁾	(91,261		)	(20,969		)	(112,230		)	(71,280		)	(14,190		)	(85,470		)
Interest charge-offs	(15,384		)	(3,544		)	(18,928		)	(13,056		)	(2,599		)	(15,655		)
Recoveries ⁽²⁾	2,636			607			3,243			1,881			375			2,256
Allowance at end of period	$	153,550		$	47,626		$	201,176		$	128,152		$	36,178		$	164,330
Average total customer portfolio balance	$	1,428,396		$	123,451		$	1,551,847		$	1,297,951		$	95,652		$	1,393,603


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

(2)

Allowance for doubtful accounts and uncollectible interest for customer receivables

Customer accounts receivable consisted of the following:



	Total Outstanding Balance
	Customer Accounts Receivable						60 Days Past Due ⁽¹⁾				Re-aged ⁽¹⁾
(in thousands)	July 31, 2016			January 31, 2016			July 31, 2016		January 31, 2016		July 31, 2016		January 31, 2016
Customer accounts receivable	$	1,415,728		$	1,470,205		$	115,316	$	127,400	$	108,242	$	112,221
Restructured accounts	128,611			117,651			33,558		30,323		128,611		117,651
Total customer portfolio balance	1,544,339			1,587,856			$	148,874	$	157,723	$	236,853	$	229,872
Allowance for uncollectible accounts	(201,176		)	(190,990		)
Allowances for no-interest option credit programs	(22,575		)	(21,290		)
Total customer accounts receivable, net	1,320,588			1,375,576
Short-term portion of customer accounts receivable, net	(733,718		)	(743,931		)
Long-term portion of customer accounts receivable, net	$	586,870		$	631,645
Securitized receivables held by the VIE	$	922,994		$	870,684		$	129,466	$	135,800	$	216,215	$	204,594
Receivables not held by the VIE	621,345			717,172			19,408		21,923		20,638		25,278
Total customer portfolio balance	$	1,544,339		$	1,587,856		$	148,874	$	157,723	$	236,853	$	229,872

(1)

Accrual for Store Closures (Tables)

6 Months Ended

Jul. 31, 2016

Restructuring and Related Activities [Abstract]

Activity in accrual for store closures

Charges and credits consisted of the following:



	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2016		2015		2016		2015
Store and facility closure costs	$	—	$	—	$	—	$	425
Impairments from disposals	1,385		—		1,385		—
Legal and professional fees related to the exploration of strategic alternatives and securities-related litigation	135		1,013		589		1,207
Employee severance	1,213		—		1,213		—
Executive management transition costs	162		—		234		—
	$	2,895	$	1,013	$	3,421	$	1,632

The following table presents detail of the activity in the accrual for store closures:



	Six Months Ended July 31,
(in thousands)	2016			2015
Balance at beginning of period	$	1,866		$	2,556
Accrual for additional closures	—			318
Adjustments	23			(32		)
Cash payments, net of sublease income	(339		)	(698		)
Balance at end of period	1,550			2,144
Current portion, included in accrued expenses	(643		)	(640		)
Long-term portion, included in other long-term liabilities	$	907		$	1,504

Debt and Letters of Credit (Tables)

6 Months Ended

Jul. 31, 2016

Debt Disclosure [Abstract]

Long term debt

Debt and capital lease obligations consisted of the following:



(in thousands)	July 31, 2016			January 31, 2016
Revolving credit facility	$	299,500		$	329,207
Senior Notes	227,000			227,000
2015-A Class A Notes	195,518			551,383
2015-A Class B Notes	165,900			165,900
2016-A Class A Notes	241,077			—
2016-A Class B Notes	70,510			—
Capital lease obligations	2,065			2,488
Total debt and capital lease obligations	1,201,570			1,275,978
Less:
Unamortized discounts and debt issuance costs	(18,861		)	(26,300		)
Current maturities of capital lease obligations	(761		)	(799		)
Long-term debt and capital lease obligations	$	1,181,948		$	1,248,879

Covenant Compliance

A summary of the significant financial covenants that govern our revolving credit facility, as amended, compared to our actual compliance status at July 31, 2016 is presented below:



	Actual	Required Minimum/ Maximum
Interest Coverage Ratio must equal or exceed minimum	1.03:1.00	1.00:1.00
Leverage Ratio must not exceed maximum	2.63:1.00	4.00:1.00
ABS Excluded Leverage Ratio must not exceed maximum	1.52:1.00	2.00:1.00
Cash Recovery Percent must exceed stated amount	4.77%	4.50%
Capital Expenditures, net, must not exceed maximum	$26.0 million	$75.0 million

Variable Interest Entity (Tables)

6 Months Ended

Jul. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of assets and liabilities held by the VIE

The following presents the assets and liabilities held by the VIEs and that are included in our consolidated balance sheet (for legal purposes, the assets and liabilities of the VIEs will remain distinct from Conn's, Inc.):



(in thousands)	July 31, 2016			January 31, 2016
Assets:
Restricted cash	$	95,983		$	78,576
Due from Conn's, Inc.	4,226			3,405
Customer accounts receivable:
Customer accounts receivable	803,815			763,278
Restructured accounts	119,179			107,406
Allowance for uncollectible accounts	(131,719		)	(136,325		)
Allowances for no-interest option credit programs	(14,923		)	(12,955		)
Total customer accounts receivable, net	776,352			721,404
Total assets	$	876,561		$	803,385
Liabilities:
Accrued interest	$	1,693		$	1,636
Deferred interest income	5,387			3,042
Long-term debt:
2015-A Class A Notes	195,518			551,383
2015-A Class B Notes	165,900			165,900
2016-A Class A Notes	241,077			—
2016-A Class B Notes	70,510			—
	673,005			717,283
Less unamortized discounts and debt issuance costs	(10,994		)	(17,768		)
Total long-term debt	662,011			699,515
Total liabilities	$	669,091		$	704,193

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Segment Reporting (Tables)

6 Months Ended

Jul. 31, 2016

Segment Reporting [Abstract]

Financial information by segment

Financial information by segment is presented in the following tables:



	Three Months Ended July 31, 2016								Three Months Ended July 31, 2015
(in thousands)	Retail		Credit			Total			Retail		Credit			Total
Revenues:
Furniture and mattress	$	105,562	$	—		$	105,562		$	98,882	$	—		$	98,882
Home appliance	101,359		—			101,359			97,260		—			97,260
Consumer electronic	65,735		—			65,735			69,682		—			69,682
Home office	21,701		—			21,701			22,940		—			22,940
Other	5,366		—			5,366			4,975		—			4,975
Product sales	299,723		—			299,723			293,739		—			293,739
Repair service agreement commissions	28,310		—			28,310			27,756		—			27,756
Service revenues	3,966		—			3,966			3,451		—			3,451
Total net sales	331,999		—			331,999			324,946		—			324,946
Finance charges and other revenues	437		65,721			66,158			659		70,445			71,104
Total revenues	332,436		65,721			398,157			325,605		70,445			396,050
Costs and expenses:
Cost of goods sold	208,869		—			208,869			202,461		—			202,461
Selling, general and administrative expenses ⁽¹⁾	84,838		35,008			119,846			76,683		28,149			104,832
Provision for bad debts	127		60,069			60,196			324		51,322			51,646
Charges and credits	2,895		—			2,895			1,013		—			1,013
Total costs and expense	296,729		95,077			391,806			280,481		79,471			359,952
Operating income (loss)	35,707		(29,356		)	6,351			45,124		(9,026		)	36,098
Interest expense	—		24,138			24,138			—		10,055			10,055
Income (loss) before income taxes	$	35,707	$	(53,494	)	$	(17,787	)	$	45,124	$	(19,081	)	$	26,043



	Six Months Ended July 31, 2016								Six Months Ended July 31, 2015
(in thousands)	Retail		Credit			Total			Retail		Credit			Total
Revenues:
Furniture and mattress	$	210,868	$	—		$	210,868		$	188,384	$	—		$	188,384
Home appliance	189,263		—			189,263			181,362		—			181,362
Consumer electronic	131,600		—			131,600			141,112		—			141,112
Home office	44,174		—			44,174			44,925		—			44,925
Other	10,308		—			10,308			9,582		—			9,582
Product sales	586,213		—			586,213			565,365		—			565,365
Repair service agreement commissions	56,495		—			56,495			51,552		—			51,552
Service revenues	7,833		—			7,833			6,508		—			6,508
Total net sales	650,541		—			650,541			623,425		—			623,425
Finance charges and other revenues	931		135,798			136,729			808		136,893			137,701
Total revenues	651,472		135,798			787,270			624,233		136,893			761,126
Costs and expenses:
Cost of goods sold	413,335		—			413,335			389,594		—			389,594
Selling, general and administrative expenses ⁽¹⁾	164,821		68,272			233,093			144,910		55,597			200,507
Provision for bad debts	525		117,889			118,414			393		98,796			99,189
Charges and credits	3,421		—			3,421			1,632		—			1,632
Total costs and expense	582,102		186,161			768,263			536,529		154,393			690,922
Operating income (loss)	69,370		(50,363		)	19,007			87,704		(17,500		)	70,204
Interest expense	—		50,034			50,034			—		19,483			19,483
Income (loss) before income taxes	$	69,370	$	(100,397	)	$	(31,027	)	$	87,704	$	(36,983	)	$	50,721

(1)

Guarantor Financial Information (Tables)

6 Months Ended

Jul. 31, 2016

Guarantor Financial Information [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed Consolidated Balance Sheet as of January 31, 2016.



(in thousands)	Conn's, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	12,254	$	—	$	—		$	12,254
Restricted cash	—		—		64,151		—			64,151
Customer accounts receivable, net of allowance	—		353,781		390,150		—			743,931
Other accounts receivable	—		95,404		—		—			95,404
Inventories	—		201,969		—		—			201,969
Other current assets	10,774		20,092		3,405		(3,405		)	30,866
Total current assets	10,774		683,500		457,706		(3,405		)	1,148,575
Investment in and advances to subsidiaries	676,492		95,787		—		(772,279		)	—
Long-term portion of customer accounts receivable, net of allowance	—		300,391		331,254		—			631,645
Long-term restricted cash	—		—		14,425		—			14,425
Property and equipment, net	—		151,483		—		—			151,483
Deferred income taxes	70,219		—		—		—			70,219
Other assets	—		8,953		—		—			8,953
Total assets	$	757,485	$	1,240,114	$	803,385	$	(775,684	)	$	2,025,300
Liabilities and Stockholders' Equity
Current liabilities:
Current maturities of capital lease obligations	$	—	$	799	$	—	$	—		$	799
Accounts payable	—		86,797		—		—			86,797
Accrued expenses	736		37,002		1,636		—			39,374
Other current liabilities	—		17,510		1,645		—			19,155
Total current liabilities	736		142,108		3,281		—			146,125
Deferred rent	—		74,559		—		—			74,559
Long-term debt and capital lease obligations	218,468		330,896		699,515		—			1,248,879
Other long-term liabilities	—		16,059		1,397		—			17,456
Total liabilities	219,204		563,622		704,193		—			1,487,019
Total stockholders' equity	538,281		676,492		99,192		(775,684		)	538,281
Total liabilities and stockholders' equity	$	757,485	$	1,240,114	$	803,385	$	(775,684	)	$	2,025,300

Condensed Consolidated Balance Sheet as of July 31, 2016.



(in thousands)	Conn's, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	15,535	$	—	$	—		$	15,535
Restricted cash	—		—		70,981		—			70,981
Customer accounts receivable, net of allowance	—		234,333		499,385		—			733,718
Other accounts receivable	—		82,924		—		—			82,924
Inventories	—		191,642		—		—			191,642
Other current assets	19,700		16,482		4,226		(4,226		)	36,182
Total current assets	19,700		540,916		574,592		(4,226		)	1,130,982
Investment in and advances to subsidiaries	648,840		203,244		—		(852,084		)	—
Long-term portion of customer accounts receivable, net of allowance	—		309,903		276,967		—			586,870
Long-term restricted cash	—		—		25,002		—			25,002
Property and equipment, net	—		174,815		—		—			174,815
Deferred income taxes	70,919		—		—		—			70,919
Other assets	—		8,590		—		—			8,590
Total assets	$	739,459	$	1,237,468	$	876,561	$	(856,310	)	$	1,997,178
Liabilities and Stockholders' Equity
Current liabilities:
Current maturities of capital lease obligations	$	—	$	761	$	—	$	—		$	761
Accounts payable	—		117,628		—		—			117,628
Accrued expenses	686		44,124		1,693		—			46,503
Other current liabilities	—		17,963		3,430		—			21,393
Total current liabilities	686		180,476		5,123		—			186,285
Deferred rent	—		88,452		—		—			88,452
Long-term debt and capital lease obligations	219,133		300,804		662,011		—			1,181,948
Other long-term liabilities	—		18,896		1,957		—			20,853
Total liabilities	219,819		588,628		669,091		—			1,477,538
Total stockholders' equity	519,640		648,840		207,470		(856,310		)	519,640
Total liabilities and stockholders' equity	$	739,459	$	1,237,468	$	876,561	$	(856,310	)	$	1,997,178

Condensed Income Statement [Table Text Block]

Condensed Consolidated Statement of Operations for the three months ended July 31, 2016.



(in thousands)	Conn's, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Total net sales	$	—		$	331,999		$	—		$	—		$	331,999
Finance charges and other revenues	—			33,062			33,096			—			66,158
Servicing fee revenue	—			13,176			—			(13,176		)	—
Total revenues	—			378,237			33,096			(13,176		)	398,157
Costs and expenses:
Cost of goods sold	—			208,869			—			—			208,869
Selling, general and administrative expenses	—			119,846			13,176			(13,176		)	119,846
Provision for bad debts	—			20,830			39,366			—			60,196
Charges and credits	—			2,895			—			—			2,895
Total costs and expenses	—			352,440			52,542			(13,176		)	391,806
Operating income	—			25,797			(19,446		)	—			6,351
Loss (income) from consolidated subsidiaries	9,066			23,293			—			(32,359		)	—
Interest expense	4,397			3,352			16,389			—			24,138
Income (loss) before income taxes	(13,463		)	(848		)	(35,835		)	32,359			(17,787		)
Provision (benefit) for income taxes	(1,539		)	8,218			(12,542		)	—			(5,863		)
Net income (loss)	$	(11,924	)	$	(9,066	)	$	(23,293	)	$	32,359		$	(11,924	)

Condensed Consolidated Statement of Operations for the six months ended July 31, 2016.



(in thousands)	Conn's, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Total net sales	$	—		$	650,541		$	—		$	—		$	650,541
Finance charges and other revenues	—			63,234			73,495			—			136,729
Servicing fee revenue	—			30,311			—			(30,311		)	—
Total revenues	—			744,086			73,495			(30,311		)	787,270
Costs and expenses:
Cost of goods sold	—			413,335			—			—			413,335
Selling, general and administrative expenses	—			233,093			30,311			(30,311		)	233,093
Provision for bad debts	—			56,412			62,002			—			118,414
Charges and credits	—			3,421			—			—			3,421
Total costs and expenses	—			706,261			92,313			(30,311		)	768,263
Operating income	—			37,825			(18,818		)	—			19,007
Loss (income) from consolidated subsidiaries	15,925			34,703			—			(50,628		)	—
Interest expense	8,843			6,620			34,571			—			50,034
Income (loss) before income taxes	(24,768		)	(3,498		)	(53,389		)	50,628			(31,027		)
Provision (benefit) for income taxes	(3,095		)	12,427			(18,686		)	—			(9,354		)
Net income (loss)	$	(21,673	)	$	(15,925	)	$	(34,703	)	$	50,628		$	(21,673	)

Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidated Statement of Cash Flows for the six months ended July 31, 2016.



(in thousands)	Conn's, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	(29,362	)	$	(383,378	)	$	544,638		$	—		$	131,898
Cash flows from investing activities:
Purchase of customer accounts receivables	—			—			(478,080		)	478,080			—
Sale of customer accounts receivables	—			478,080			—			(478,080		)	—
Purchase of property and equipment	—			(32,020		)	—			—			(32,020		)
Proceeds from sales of property	—			686			—			—			686
Net change in intercompany	28,743									(28,743		)	—
Net cash provided by (used in) investing activities	28,743			446,746			(478,080		)	(28,743		)	(31,334		)
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes	—			—			493,540			—			493,540
Payments on asset-backed notes	—			—			(537,819		)	—			(537,819		)
Changes in restricted cash balances	—			—			(17,406		)	—			(17,406		)
Borrowings from revolving credit facility	—			405,378			—			—			405,378
Payments on revolving credit facility	—			(435,085		)	—			—			(435,085		)
Payment of debt issuance costs and amendment fees	—			(1,216		)	(4,873		)	—			(6,089		)
Proceeds from stock issued under employee benefit plans	618			—			—			—			618
Net change in intercompany	—			(28,743		)				28,743			—
Other	1			(421		)	—			—			(420		)
Net cash provided by (used in) financing activities	619			(60,087		)	(66,558		)	28,743			(97,283		)
Net change in cash and cash equivalents	—			3,281			—			—			3,281
Cash and cash equivalents, beginning of period	—			12,254			—			—			12,254
Cash and cash equivalents, end of period	$	—		$	15,535		$	—		$	—		$	15,535

Summary of Significant Accounting Policies (Details) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Mar. 31, 2016 USD ($) class	Sep. 30, 2015 USD ($)	Jul. 31, 2016 USD ($) $ / shares shares	Jul. 31, 2015 USD ($) shares	Jul. 31, 2016 USD ($) segment $ / shares shares	Jul. 31, 2015 USD ($) shares	Jan. 31, 2016 USD ($) $ / shares shares
Schedule of Earnings Per Share [Line Items]
Provision for bad debts			$ 60,196	$ 51,646	$ 118,414	$ 99,189
Securitization of customer accounts receivables	$ 705,100	$ 1,400,000
Variable Interest Entity, Number of Classes of Notes \| class	2
Number of Operating Segments \| segment					2
Shares outstanding for earnings (loss) per share calculations [Abstract]
Weighted average common shares outstanding - Basic (in shares) \| shares			30,731,000	36,466,000	30,696,000	36,416,000
Common shares attributable to stock options and restricted stock units (in shares) \| shares				576,000	0	551,000
Weighted average common shares outstanding - Diluted (in shares) \| shares			30,731,000	37,042,000	30,696,000	36,967,000
Weighted average number of stock options and restricted stock units not included in the calculation of the dilutive effect of stock options and restricted stock units (in shares) \| shares			1,276,647	69,000	953,632	187,000
Common stock, par value (in dollars per share) \| $ / shares			$ 0.01		$ 0.01		$ 0.01
Common stock, shares authorized (in shares) \| shares			100,000,000		100,000,000		100,000,000
Stockholders' Rights Plan
Debt Instrument, Face Amount	$ 490,000	1,120,000
Proceeds from Securitizations of Consumer Loans	$ 480,000	$ 1,080,000
Allowances for Promotional Credit Programs			$ 22,575		$ 22,575		$ 21,290
Interest and Fee Income, Loans, Consumer			54,502	$ 57,383	115,123	$ 112,802
Interest Income on Customer Accounts Receivable [Abstract]
Deferred Revenue			8,865		8,865		5,150
Financing Receivable, Recorded Investment, Nonaccrual Status			24,400		24,400		20,600
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing			104,700		104,700		115,100
Secured Debt [Member]
Schedule of Earnings Per Share [Line Items]
Long-term Debt			227,000		227,000
Variable Interest Entity
Schedule of Earnings Per Share [Line Items]
Long-term Debt			662,011		662,011		699,515
Stockholders' Rights Plan
Restricted Cash and Cash Equivalents			95,983		95,983		78,576
Allowances for Promotional Credit Programs			14,923		14,923		12,955
Interest Income on Customer Accounts Receivable [Abstract]
Deferred Revenue			$ 5,387		$ 5,387		3,042
Senior Notes [Member]
Schedule of Earnings Per Share [Line Items]
Interest rate on notes (in hundredths)			7.25%		7.25%
Long-term Debt			$ 227,000		$ 227,000		227,000
Securitized Receivables Servicer [Member]
Stockholders' Rights Plan
Restricted Cash and Cash Equivalents			71,000		71,000		64,200
Collateral Held by VIE [Member]
Stockholders' Rights Plan
Restricted Cash and Cash Equivalents			25,000		$ 25,000		$ 14,400
Change in Accounting Method Accounted for as Change in Estimate [Member]
Schedule of Earnings Per Share [Line Items]
Provision for bad debts			5,000
Stockholders' Rights Plan
Interest and Fee Income, Loans, Consumer			8,200
Prepaid Expenses and Other Current Assets [Member] \| Change in Accounting Method Accounted for as Change in Estimate [Member]
Schedule of Earnings Per Share [Line Items]
Provision for bad debts			3,900
Allowance for Doubtful Accounts [Member] \| Change in Accounting Method Accounted for as Change in Estimate [Member]
Schedule of Earnings Per Share [Line Items]
Provision for bad debts			1,100
Allowance for promotional credit programs [Domain] \| Change in Accounting Method Accounted for as Change in Estimate [Member]
Stockholders' Rights Plan
Interest and Fee Income, Loans, Consumer			4,700
Deferred Revenue [Domain] \| Change in Accounting Method Accounted for as Change in Estimate [Member]
Stockholders' Rights Plan
Interest and Fee Income, Loans, Consumer			$ 3,500

Summary of Significant Accounting Policies - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Non-cash investing and financing activities:
Capital lease asset additions and related obligations		$ 1,720
Property and equipment purchases not yet paid	$ 6,476	3,406
Supplemental cash flow data:
Cash interest paid	38,403	17,838
Cash income taxes paid, net	$ 1,816	$ 18,330

Charges and Credits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Charges and Credits (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Charges and Credits [Abstract]
Store and facility closure costs	$ 0	$ 0	$ 0	$ 425
Asset Impairment Charges	1,385		1,385
Legal and professional fees related to the exploration of strategic alternatives and securities-related litigation	135	1,013	589	1,207
Severance Costs	1,213		1,213
Executive management transition costs	162	0	234	0
Other Nonrecurring (Income) Expense	$ 2,895	$ 1,013	$ 3,421	$ 1,632

Supplemental Disclosure of Finance Charges and Other Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Summary of the classification of the amounts as Finance charges and other [Abstract]
Interest and Fee Income, Loans, Consumer	$ 54,502	$ 57,383	$ 115,123	$ 112,802
Fees and Commissions	11,219	13,062
Insurance Commissions and Fees			20,675	24,091
Other	437	659
Other Revenue, Net			931	808
Finance charges and other	66,158	71,104	136,729	137,701
Provisions for uncollectible interest	10,200	8,900	20,200	17,400
Financing Receivable [Member]
Summary of the classification of the amounts as Finance charges and other [Abstract]
Interest and Fee Income, Loans, Consumer	4,200	$ 3,300	$ 8,300	$ 6,500
Change in Accounting Method Accounted for as Change in Estimate [Member]
Summary of the classification of the amounts as Finance charges and other [Abstract]
Interest and Fee Income, Loans, Consumer	$ 8,200

Customer Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jan. 31, 2016	Jul. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for bad debts	$ 60,196	$ 51,646	$ 118,414	$ 99,189
Total Outstanding Balance
Customer Accounts Receivable					$ 1,544,339	$ 1,587,856
Financing Receivable Outstanding Balance 60 Days Past Due					148,874	157,723
Reaged					236,853	229,872
Allowance for uncollectible accounts related to the credit portfolio	(201,176)	(164,330)	(190,990)	(146,982)	(201,176)	(190,990)	$ (164,330)
Allowances for promotional credit programs					(22,575)	(21,290)
Total customer accounts receivable, net					1,320,588	1,375,576
Short-term portion of customer accounts receivable, net					(733,718)	(743,931)
Long-term customer accounts receivable, net					586,870	631,645
Amounts included within past due and reaged accounts					58,100	55,200
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]
Allowance at beginning of period			(190,990)	(146,982)
Provision			138,101	116,217
Principal charge-offs			(112,230)	(85,470)
Interest charge-offs			(18,928)	(15,655)
Recoveries			3,243	2,256
Allowance at end of period	(201,176)	(164,330)	(201,176)	(164,330)
Average Total Customer Portfolio Balance					1,551,847		1,393,603
Financing Receivable, Recorded Investment, Nonaccrual Status					24,400	20,600
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing					104,700	115,100
Financing Receivable, Recorded Investment, Past Due					381,300	387,300
Customer Accounts Receivable [Member]
Total Outstanding Balance
Customer Accounts Receivable					1,415,728	1,470,205
Financing Receivable Outstanding Balance 60 Days Past Due					115,316	127,400
Reaged					108,242	112,221
Allowance for uncollectible accounts related to the credit portfolio	(153,550)	(128,152)	(149,226)	(118,786)	(153,550)	(149,226)	(128,152)
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]
Allowance at beginning of period			(149,226)	(118,786)
Provision			108,333	91,821
Principal charge-offs			(91,261)	(71,280)
Interest charge-offs			(15,384)	(13,056)
Recoveries			2,636	1,881
Allowance at end of period	(153,550)	(128,152)	(153,550)	(128,152)
Average Total Customer Portfolio Balance					1,428,396		1,297,951
Restructured Accounts [Member]
Total Outstanding Balance
Customer Accounts Receivable					128,611	117,651
Financing Receivable Outstanding Balance 60 Days Past Due					33,558	30,323
Reaged					128,611	117,651
Allowance for uncollectible accounts related to the credit portfolio	(47,626)	(36,178)	(41,764)	(28,196)	(47,626)	(41,764)	(36,178)
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]
Allowance at beginning of period			(41,764)	(28,196)
Provision			29,768	24,396
Principal charge-offs			(20,969)	(14,190)
Interest charge-offs			(3,544)	(2,599)
Recoveries			607	375
Allowance at end of period	(47,626)	$ (36,178)	(47,626)	$ (36,178)
Average Total Customer Portfolio Balance					123,451		$ 95,652
Variable Interest Entity
Total Outstanding Balance
Allowance for uncollectible accounts related to the credit portfolio	(131,719)		(136,325)		(131,719)	(136,325)
Allowances for promotional credit programs					(14,923)	(12,955)
Total customer accounts receivable, net					776,352	721,404
Short-term portion of customer accounts receivable, net					(499,385)	(390,150)
Long-term customer accounts receivable, net					276,967	331,254
Allowance for doubtful accounts and uncollectible interest for customer receivables [Abstract]
Allowance at beginning of period			(136,325)
Allowance at end of period	(131,719)		$ (131,719)
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Total Outstanding Balance
Customer Accounts Receivable					621,345	717,172
Financing Receivable Outstanding Balance 60 Days Past Due					19,408	21,923
Reaged					20,638	25,278
Variable Interest Entity
Total Outstanding Balance
Customer Accounts Receivable					922,994	870,684
Financing Receivable Outstanding Balance 60 Days Past Due					129,466	135,800
Reaged					$ 216,215	$ 204,594
Change in Accounting Method Accounted for as Change in Estimate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for bad debts	$ 5,000

Accrual for Store Closures (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Detail of activity in the accrual for store closures [Abstract]
Balance at beginning of period	$ 1,866	$ 2,556
Accrual for closures	0	318
Change in estimate	23	(32)
Cash payments	(339)	(698)
Balance at end of period	1,550	2,144
Balance sheet presentation [Abstract]
Accrued expenses			$ (643)	$ (640)
Other long-term liabilities			907	1,504
Restructuring Reserve, Total	$ 1,866	$ 2,556	$ 1,550	$ 2,144

Debt and Letters of Credit (Details)		3 Months Ended		6 Months Ended
Debt and Letters of Credit (Details)	Jul. 31, 2016 USD ($) exception	Jul. 31, 2016 USD ($) exception	Jul. 31, 2015 USD ($)	Jul. 31, 2016 USD ($) exception	Jul. 31, 2015 USD ($)	Jan. 31, 2016 USD ($)	Jul. 01, 2014 USD ($)
Long-term debt [Abstract]
Capital Lease Obligations	$ 2,065,000	$ 2,065,000		$ 2,065,000		$ 2,488,000
Long-term Debt and Capital Lease Obligations, Including Current Maturities	1,201,570,000	1,201,570,000		1,201,570,000		1,275,978,000
Deferred Finance Costs, Net	(18,861,000)	(18,861,000)		(18,861,000)		(26,300,000)
Less current portion of debt	(761,000)	(761,000)		(761,000)		(799,000)
Long-term debt	1,181,948,000	1,181,948,000		1,181,948,000		1,248,879,000
Interest expense		24,138,000	$ 10,055,000	50,034,000	$ 19,483,000
Income before income taxes		(17,787,000)	$ 26,043,000	(31,027,000)	$ 50,721,000
Asset-based Revolving Credit Facility [Member]
Long-term debt [Abstract]
Amount available under asset based revolving credit facility	97,700,000	97,700,000		97,700,000
Outstanding letters of credit	5,300,000	5,300,000		5,300,000
Senior Notes [Member]
Long-term debt [Abstract]
Long-term Debt	$ 227,000,000	$ 227,000,000		$ 227,000,000		227,000,000
Interest rate on notes (in hundredths)	7.25%	7.25%		7.25%
Effective interest rate	7.70%	7.70%		7.70%
Events of default, acceleration for default, minimum amount	$ 25,000,000	$ 25,000,000		$ 25,000,000
Events of default, judgment, minimum amount that is not discharged, bonded, or insured	25,000,000	25,000,000		25,000,000
Senior Unsecured Notes Due July 2022 [Member] \| Senior Notes [Member]
Long-term debt [Abstract]
Amount of notes issued							$ 250,000,000.0
Restricted payment basket amount	$ 375,000,000	$ 375,000,000		$ 375,000,000
Debt Covenant, Number of Exceptions for Limitations \| exception	2	2		2
Debt Instrument, Leverage Ratio	2.50	2.50		2.50
Debt Instrument, Restrictions on Payment of Dividends, Amount Free from Restriction	$ 190,200,000	$ 190,200,000		$ 190,200,000
Asset-based Revolving Credit Facility [Member] \| Line of Credit [Member]
Long-term debt [Abstract]
Debt Instrument, Restrictions on Payment of Dividends, Amount Free from Restriction	0	0		0
2015-A Class A Notes [Member] [Domain] \| Secured Debt [Member]
Long-term debt [Abstract]
Long-term Debt	195,518,000	195,518,000		195,518,000		551,383,000
2015-A Class B Notes [Member] [Domain] \| Secured Debt [Member]
Long-term debt [Abstract]
Long-term Debt	165,900,000	165,900,000		165,900,000		165,900,000
Class A Notes [Member] \| Secured Debt [Member]
Long-term debt [Abstract]
Long-term Debt	241,077,000	241,077,000		241,077,000		0
Class B Notes [Member] \| Secured Debt [Member]
Long-term debt [Abstract]
Long-term Debt	70,510,000	70,510,000		70,510,000		0
Asset-based Revolving Credit Facility [Member] \| Line of Credit [Member]
Long-term debt [Abstract]
Long-term Debt	299,500,000	299,500,000		299,500,000		$ 329,207,000
Maximum capacity extended under credit facility	$ 810,000,000.0	$ 810,000,000.0		$ 810,000,000.0
Asset-based Revolving Credit Facility [Member] \| Line of Credit [Member] \| Minimum [Member]
Long-term debt [Abstract]
Asset-Based Revolving Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Asset-based Revolving Credit Facility [Member] \| Line of Credit [Member] \| Maximum [Member]
Long-term debt [Abstract]
Asset-Based Revolving Credit Facility, Unused Capacity, Commitment Fee Percentage	0.75%

Debt and Letters of Credit - Asset Backed Notes (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2016 USD ($)
Debt Instrument [Line Items]
Net proceeds from issuance of debt	$ 493,540
Variable Interest Entity \| Secured Debt [Member] \| 2015-A Class A Notes [Member] [Domain]
Debt Instrument [Line Items]
Amount of notes issued	$ 952,100
Fixed annual rate	4.565%
Effective interest rate	6.80%
Variable Interest Entity \| Secured Debt [Member] \| 2015-A Class B Notes [Member] [Domain]
Debt Instrument [Line Items]
Amount of notes issued	$ 165,900
Fixed annual rate	8.50%
Effective interest rate	12.80%
Variable Interest Entity \| Secured Debt [Member] \| 2016-A Class A Notes [Member] [Domain]
Debt Instrument [Line Items]
Amount of notes issued	$ 423,000
Fixed annual rate	4.68%
Effective interest rate	6.80%
Variable Interest Entity \| Secured Debt [Member] \| 2016-A Class B Notes [Member] [Domain]
Debt Instrument [Line Items]
Amount of notes issued	$ 70,500
Fixed annual rate	8.96%
Effective interest rate	9.80%

Debt and Letters of Credit - Revolving Credit Facility (Details)	Jul. 31, 2016 USD ($)	May 18, 2016 USD ($)	Feb. 16, 2016	Feb. 15, 2016	Jan. 31, 2016 USD ($)
Line of Credit Facility [Line Items]
Deferred debt issuance costs	$ 18,861,000				$ 26,300,000
Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum capacity extended under credit facility	$ 810,000,000.0
Cash Recovery Percent covenant determination period (in months)	18 months		18 months
Debt, Weighted Average Interest Rate	5.50%
Line of Credit [Member] \| Revolving Credit Facility [Member] \| Second quarter of fiscal 2017 through the first quarter of fiscal 2018 [Member]
Line of Credit Facility [Line Items]
Minimum interest coverage rate		1.0
Line of Credit [Member] \| Revolving Credit Facility [Member] \| Second quarter of fiscal 2018 through the third quarter of fiscal 2019 [Member]
Line of Credit Facility [Line Items]
Minimum interest coverage rate		1.25
Line of Credit [Member] \| Revolving Credit Facility [Member] \| For two consecutive quarters [Member]
Line of Credit Facility [Line Items]
Minimum interest coverage ratio required for repurchase of common stock		2.5
Line of Credit [Member] \| Revolving Credit Facility [Member] \| May 31, 2016 through June 30, 2017 [Member]
Line of Credit Facility [Line Items]
Reduction in maximum borrowing capacity		$ 15,000,000
Line of Credit [Member] \| Revolving Credit Facility [Member] \| On or after July 31, 2017, where the interest coverage ratio is at least 1.25x [Member]
Line of Credit Facility [Line Items]
Minimum interest coverage rate		1.25
Reduction in maximum borrowing capacity		$ 10,000,000
Line of Credit [Member] \| Revolving Credit Facility [Member] \| Any time the interest coverage ratio is at least 2.0x for two consecutive quarters [Member]
Line of Credit Facility [Line Items]
Minimum interest coverage rate		2.0
Reduction in maximum borrowing capacity		$ 0
Line of Credit [Member] \| Previous Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Cash Recovery Percent covenant determination period (in months)				6 months
Line of Credit [Member] \| Sub-Facility Letters of Credit [Member]
Line of Credit Facility [Line Items]
Maximum capacity extended under credit facility	$ 40,000,000.0
Minimum [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Unused capacity fee percentage	0.25%
Maximum [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Unused capacity fee percentage	0.75%
LIBOR [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Variable basis spread	1.00%
LIBOR [Member] \| Minimum [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Variable basis spread	2.50%
LIBOR [Member] \| Maximum [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Variable basis spread	3.00%
Alternate Base Rate [Member] \| Minimum [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Variable basis spread	1.50%
Alternate Base Rate [Member] \| Maximum [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Variable basis spread	2.00%
Increase in basis variable spread (as a percent)	0.25%
Federal Funds Rate [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Variable basis spread	0.50%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility Additional Remaining Borrowing Capacity	$ 407,500,000

Debt and Letters of Credit - Debt Covenants (Details) $ in Millions	6 Months Ended
	Jul. 31, 2016 USD ($)
Line of Credit Facility [Line Items]
Debt Instrument, Actual Interest Coverage Ratio	1.03
Debt Instrument, Minimum Interest Coverage Ratio	1
Debt Instrument, Actual Leverage Ratio	2.63
Debt Instrument, Maximum Leverage Ratio	4
Debt Instrument, Actual ABS Excluded Leverage Ratio	1.52
Debt Instrument, Maximum ABS Excluded Leverage Ratio	2
Debt Instrument, Actual Cash Recovery Percentage	5.00%
ABS Excluded Leverage Ratio must not exceed maximum	4.50%
Capital Expenditures, net, must not exceed maximum	$ 26.0
Maximum Capital Expenditures, Net	$ 75.0

Debt and Letters of Credit Senior Notes (Details) - Senior Notes [Member] - Senior Unsecured Notes Due July 2022 [Member] - USD ($)	12 Months Ended
	Jan. 31, 2016	Jul. 01, 2014
Debt Instrument [Line Items]
Face Value of Senior Notes Repurchased	$ 23,000,000
Debt Instrument, Face Amount		$ 250,000,000.0
Repayments of Debt	$ 22,900,000

Contingencies Contingencies (Details) - False and Misleading Statements and Failure to Disclosure Adverse Information [Member]	3 Months Ended
	Apr. 30, 2016 defendant	May 05, 2014 claim
Loss Contingencies [Line Items]
Number of pending actions \| claim		3
Executive Officer [Member]
Loss Contingencies [Line Items]
Number of defendants	1
Former Executive Officer [Member]
Loss Contingencies [Line Items]
Number of defendants	1

Variable Interest Entity - Additional Information	6 Months Ended
Variable Interest Entity - Additional Information	Jul. 31, 2016
Variable Interest Entity [Line Items]
Monthly fee percentage on outstanding balance	4.75%

Variable Interest Entity (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Jan. 31, 2016	Jul. 31, 2015	Jan. 31, 2015
Customer accounts receivable:
Allowance for uncollectible accounts	$ (201,176)	$ (190,990)	$ (164,330)	$ (146,982)
Allowances for Promotional Credit Programs	22,575	21,290
Total customer accounts receivable, net	1,320,588	1,375,576
Deferred debt issuance costs	(18,861)	(26,300)
Total assets	1,997,178	2,025,300
Liabilities:
Loans and Leases Receivable, Deferred Income, Consumer	8,865	5,150
Long-term debt	1,181,948	1,248,879
Total liabilities	1,477,538	1,487,019
Variable Interest Entity
Variable Interest Entity [Line Items]
Due from Related Parties	4,226	3,405
Accounts Receivable, Customer	803,815	763,278
Accounts Receivable, Restructured Accounts	119,179	107,406
Customer accounts receivable:
Allowance for uncollectible accounts	(131,719)	(136,325)
Allowances for Promotional Credit Programs	14,923	12,955
Total customer accounts receivable, net	776,352	721,404
Restricted cash	95,983	78,576
Deferred debt issuance costs	(10,994)	(17,768)
Total assets	876,561	803,385
Liabilities:
Accrued interest	1,693	1,636
Loans and Leases Receivable, Deferred Income, Consumer	5,387	3,042
Total long-term debt	662,011	699,515
Long-term debt	673,005	717,283
Total liabilities	669,091	704,193
Secured Debt [Member] \| 2015-A Class A Notes [Member] [Domain]
Liabilities:
Total long-term debt	195,518	551,383
Secured Debt [Member] \| 2015-A Class B Notes [Member] [Domain]
Liabilities:
Total long-term debt	165,900	165,900
Secured Debt [Member] \| 2016-A Class A Notes [Member] [Domain]
Liabilities:
Total long-term debt	241,077	0
Secured Debt [Member] \| 2016-A Class B Notes [Member] [Domain]
Liabilities:
Total long-term debt	70,510	0
Accounts Receivable [Member]
Customer accounts receivable:
Allowance for uncollectible accounts	(153,550)	(149,226)	(128,152)	(118,786)
Restructured Accounts [Member]
Customer accounts receivable:
Allowance for uncollectible accounts	$ (47,626)	$ (41,764)	$ (36,178)	$ (28,196)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Reporting (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Jan. 31, 2016
Revenues [Abstract]
Product sales	$ 299,723	$ 293,739	$ 586,213	$ 565,365
Repair service agreement commissions	28,310	27,756	56,495	51,552
Service revenues	3,966	3,451	7,833	6,508
Total net sales	331,999	324,946	650,541	623,425
Finance charges and other	66,158	71,104	136,729	137,701
Revenues	398,157	396,050	787,270	761,126
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs	208,869	202,461	413,335	389,594
Selling, general and administrative expense	119,846	104,832	233,093	200,507
Provision for bad debts	60,196	51,646	118,414	99,189
Quarterly Financial Information, Quarterly Charges and Credits, Amount Affecting Comparability	2,895	1,013	3,421	1,632
Total cost and expenses	391,806	359,952	768,263	690,922
Operating income	6,351	36,098	19,007	70,204
Interest expense	24,138	10,055	50,034	19,483
Income before income taxes	(17,787)	26,043	(31,027)	50,721
Assets	1,997,178		$ 1,997,178		$ 2,025,300
Estimated annual rate of reimbursement (in hundredths)			2.50%
Allocation of overhead by operating segments	6,500	3,400	$ 12,200	6,900
Retail [Member]
Revenues [Abstract]
Product sales	299,723	293,739	586,213	565,365
Repair service agreement commissions	28,310	27,756	56,495	51,552
Service revenues	3,966	3,451	7,833	6,508
Total net sales	331,999	324,946	650,541	623,425
Finance charges and other	437	659	931	808
Revenues	332,436	325,605	651,472	624,233
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs	208,869	202,461	413,335	389,594
Selling, general and administrative expense	84,838	76,683	164,821	144,910
Provision for bad debts	127	324	525	393
Quarterly Financial Information, Quarterly Charges and Credits, Amount Affecting Comparability	2,895	1,013	3,421	1,632
Total cost and expenses	296,729	280,481	582,102	536,529
Operating income	35,707	45,124	69,370	87,704
Interest expense	0	0	0	0
Income before income taxes	35,707	45,124	69,370	87,704
Credit [Member]
Revenues [Abstract]
Product sales	0	0	0	0
Repair service agreement commissions	0	0	0	0
Service revenues	0	0	0	0
Total net sales	0	0	0	0
Finance charges and other	65,721	70,445	135,798	136,893
Revenues	65,721	70,445	135,798	136,893
Cost and expenses
Cost of goods sold, including warehousing and occupancy costs	0	0	0	0
Selling, general and administrative expense	35,008	28,149	68,272	55,597
Provision for bad debts	60,069	51,322	117,889	98,796
Quarterly Financial Information, Quarterly Charges and Credits, Amount Affecting Comparability	0	0	0	0
Total cost and expenses	95,077	79,471	186,161	154,393
Operating income	(29,356)	(9,026)	(50,363)	(17,500)
Interest expense	24,138	10,055	50,034	19,483
Income before income taxes	(53,494)	(19,081)	(100,397)	(36,983)
Furniture and Mattress [Member]
Revenues [Abstract]
Product sales	105,562	98,882	210,868	188,384
Furniture and Mattress [Member] \| Retail [Member]
Revenues [Abstract]
Product sales	105,562	98,882	210,868	188,384
Furniture and Mattress [Member] \| Credit [Member]
Revenues [Abstract]
Product sales	0	0	0	0
Home Appliance [Member]
Revenues [Abstract]
Product sales	101,359	97,260	189,263	181,362
Home Appliance [Member] \| Retail [Member]
Revenues [Abstract]
Product sales	101,359	97,260	189,263	181,362
Home Appliance [Member] \| Credit [Member]
Revenues [Abstract]
Product sales	0	0	0	0
Consumer Electronics [Member]
Revenues [Abstract]
Product sales	65,735	69,682	131,600	141,112
Consumer Electronics [Member] \| Retail [Member]
Revenues [Abstract]
Product sales	65,735	69,682	131,600	141,112
Consumer Electronics [Member] \| Credit [Member]
Revenues [Abstract]
Product sales	0	0	0	0
Home Office [Member]
Revenues [Abstract]
Product sales	21,701	22,940	44,174	44,925
Home Office [Member] \| Retail [Member]
Revenues [Abstract]
Product sales	21,701	22,940	44,174	44,925
Home Office [Member] \| Credit [Member]
Revenues [Abstract]
Product sales	0	0	0	0
Other Products [Member]
Revenues [Abstract]
Product sales	5,366	4,975	10,308	9,582
Other Products [Member] \| Retail [Member]
Revenues [Abstract]
Product sales	5,366	4,975	10,308	9,582
Other Products [Member] \| Credit [Member]
Revenues [Abstract]
Product sales	0	0	0	0
Intersegment Eliminations [Member]
Revenues [Abstract]
Revenues	$ 9,600	$ 8,900	$ 19,400	$ 17,400

Guarantor Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities			$ 131,898	$ (13,446)
Revenue, Net	$ 331,999	$ 324,946	650,541	623,425
Cash and Cash Equivalents, at Carrying Value	15,535	6,868	15,535	6,868	$ 12,254	$ 12,223
Restricted Cash and Cash Equivalents, Current	70,981		70,981		64,151
Accounts Receivable, Net, Current	733,718		733,718		743,931
Other Receivables, Net, Current	82,924		82,924		95,404
Inventory, Net	191,642		191,642		201,969
Other Assets, Current	36,182		36,182		30,866
Total current assets	1,130,982		1,130,982		1,148,575
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0		0		0
Accounts Receivable, Net, Noncurrent	586,870		586,870		631,645
Restricted Cash and Cash Equivalents, Noncurrent	25,002		25,002		14,425
Property, Plant and Equipment, Net	174,815		174,815		151,483
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	70,919		70,919		70,219
Other Assets, Noncurrent	8,590		8,590		8,953
Total assets	1,997,178		1,997,178		2,025,300
Long-term Debt, Current Maturities	761		761		799
Accounts Payable, Current	117,628		117,628		86,797
Accrued Liabilities and Other Liabilities	46,503		46,503		39,374
Other Liabilities, Current	21,393		21,393		19,155
Total current liabilities	186,285		186,285		146,125
Deferred Rent Credit, Noncurrent	88,452		88,452		74,559
Long-term Debt, Excluding Current Maturities	1,181,948		1,181,948		1,248,879
Other Liabilities, Noncurrent	20,853		20,853		17,456
Total liabilities	1,477,538		1,477,538		1,487,019
Common Stock, Value, Issued	308		308		306
Additional Paid in Capital	88,239		88,239		85,209
Retained Earnings (Accumulated Deficit)	431,093		431,093		452,766
Total stockholders' equity	519,640		519,640		538,281
Total liabilities and stockholders' equity	1,997,178		1,997,178		2,025,300
Financial Services Revenue	66,158	71,104	136,729	137,701
Contractually Specified Servicing Fees, Amount	0		0
Total revenues	398,157	396,050	787,270	761,126
Cost of Goods Sold	208,869	202,461	413,335	389,594
Selling, General and Administrative Expense	119,846	104,832	233,093	200,507
Provision for bad debts	60,196	51,646	118,414	99,189
Other Nonrecurring (Income) Expense	2,895	1,013	3,421	1,632
Total cost and expenses	391,806	359,952	768,263	690,922
Operating Income (Loss)	6,351	36,098	19,007	70,204
Income (Loss) from Subsidiaries, before Tax	0		0
Interest expense	24,138	10,055	50,034	19,483
Income before income taxes	(17,787)	26,043	(31,027)	50,721
Income Tax Expense (Benefit)	(5,863)	9,505	(9,354)	18,506
Net Income (Loss) Attributable to Parent	(11,924)	$ 16,538	(21,673)	32,215
Payments to Acquire Receivables			0
Proceeds from Sale and Collection of Receivables			0
Payments to Acquire Property, Plant, and Equipment			(32,020)	(29,656)
Proceeds from Sale of Property, Plant, and Equipment			686	35
Net Cash Provided by (Used in) Investing Activities, Intercompany Net Change			0
Net Cash Provided by (Used in) Investing Activities			(31,334)	(29,621)
Proceeds from issuance of asset backed notes, net of original issue discount			493,540
Payments on asset backed notes			(537,819)
Increase (Decrease) in Restricted Cash			(17,406)	0
Proceeds from Long-term Lines of Credit			405,378	220,246
Repayments of Long-term Lines of Credit			(435,085)	(184,450)
Payments of Debt Issuance Costs			(6,089)	0
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options			618	1,688
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change			0
Proceeds from (Payments for) Other Financing Activities, Including Excess Tax Benefit from Share-based Compensation			(420)
Net Cash Provided by (Used in) Financing Activities			(97,283)	37,712
Net change in cash and cash equivalents			3,281	$ (5,355)
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities			0
Revenue, Net	0		0
Cash and Cash Equivalents, at Carrying Value	0		0		0
Restricted Cash and Cash Equivalents, Current	0		0		0
Accounts Receivable, Net, Current	0		0		0
Other Receivables, Net, Current	0		0		0
Inventory, Net	0		0		0
Other Assets, Current	(4,226)		(4,226)		(3,405)
Total current assets	(4,226)		(4,226)		(3,405)
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	(852,084)		(852,084)		(772,279)
Accounts Receivable, Net, Noncurrent	0		0		0
Restricted Cash and Cash Equivalents, Noncurrent	0		0		0
Property, Plant and Equipment, Net	0		0		0
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	0		0		0
Other Assets, Noncurrent	0		0		0
Total assets	(856,310)		(856,310)		(775,684)
Long-term Debt, Current Maturities	0		0		0
Accounts Payable, Current	0		0		0
Accrued Liabilities and Other Liabilities	0		0		0
Other Liabilities, Current	0		0		0
Total current liabilities	0		0		0
Deferred Rent Credit, Noncurrent	0		0		0
Long-term Debt, Excluding Current Maturities	0		0		0
Other Liabilities, Noncurrent	0		0		0
Total liabilities	0		0		0
Total stockholders' equity	(856,310)		(856,310)		(775,684)
Total liabilities and stockholders' equity	(856,310)		(856,310)		(775,684)
Financial Services Revenue	0		0
Contractually Specified Servicing Fees, Amount	(13,176)		(30,311)
Total revenues	(13,176)		(30,311)
Cost of Goods Sold	0		0
Selling, General and Administrative Expense	(13,176)		(30,311)
Provision for bad debts	0		0
Other Nonrecurring (Income) Expense	0		0
Total cost and expenses	(13,176)		(30,311)
Operating Income (Loss)	0		0
Income (Loss) from Subsidiaries, before Tax	(32,359)		(50,628)
Interest expense	0		0
Income before income taxes	32,359		50,628
Income Tax Expense (Benefit)	0		0
Net Income (Loss) Attributable to Parent	32,359		50,628
Payments to Acquire Receivables			478,080
Proceeds from Sale and Collection of Receivables			(478,080)
Payments to Acquire Property, Plant, and Equipment			0
Proceeds from Sale of Property, Plant, and Equipment			0
Net Cash Provided by (Used in) Investing Activities, Intercompany Net Change			(28,743)
Net Cash Provided by (Used in) Investing Activities			(28,743)
Proceeds from issuance of asset backed notes, net of original issue discount			0
Payments on asset backed notes			0
Increase (Decrease) in Restricted Cash			0
Proceeds from Long-term Lines of Credit			0
Repayments of Long-term Lines of Credit			0
Payments of Debt Issuance Costs			0
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options			0
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change			28,743
Proceeds from (Payments for) Other Financing Activities, Including Excess Tax Benefit from Share-based Compensation			0
Net Cash Provided by (Used in) Financing Activities			28,743
Net change in cash and cash equivalents			0
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities			(29,362)
Revenue, Net	0		0
Cash and Cash Equivalents, at Carrying Value	0		0		0
Restricted Cash and Cash Equivalents, Current	0		0		0
Accounts Receivable, Net, Current	0		0		0
Other Receivables, Net, Current	0		0		0
Inventory, Net	0		0		0
Other Assets, Current	19,700		19,700		10,774
Total current assets	19,700		19,700		10,774
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	648,840		648,840		676,492
Accounts Receivable, Net, Noncurrent	0		0		0
Restricted Cash and Cash Equivalents, Noncurrent	0		0		0
Property, Plant and Equipment, Net	0		0		0
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	70,919		70,919		70,219
Other Assets, Noncurrent	0		0		0
Total assets	739,459		739,459		757,485
Long-term Debt, Current Maturities	0		0		0
Accounts Payable, Current	0		0		0
Accrued Liabilities and Other Liabilities	686		686		736
Other Liabilities, Current	0		0		0
Total current liabilities	686		686		736
Deferred Rent Credit, Noncurrent	0		0		0
Long-term Debt, Excluding Current Maturities	219,133		219,133		218,468
Other Liabilities, Noncurrent	0		0		0
Total liabilities	219,819		219,819		219,204
Total stockholders' equity	519,640		519,640		538,281
Total liabilities and stockholders' equity	739,459		739,459		757,485
Financial Services Revenue	0		0
Contractually Specified Servicing Fees, Amount	0		0
Total revenues	0		0
Cost of Goods Sold	0		0
Selling, General and Administrative Expense	0		0
Provision for bad debts	0		0
Other Nonrecurring (Income) Expense	0		0
Total cost and expenses	0		0
Operating Income (Loss)	0		0
Income (Loss) from Subsidiaries, before Tax	9,066		15,925
Interest expense	4,397		8,843
Income before income taxes	(13,463)		(24,768)
Income Tax Expense (Benefit)	(1,539)		(3,095)
Net Income (Loss) Attributable to Parent	(11,924)		(21,673)
Payments to Acquire Receivables			0
Proceeds from Sale and Collection of Receivables			0
Payments to Acquire Property, Plant, and Equipment			0
Proceeds from Sale of Property, Plant, and Equipment			0
Net Cash Provided by (Used in) Investing Activities, Intercompany Net Change			28,743
Net Cash Provided by (Used in) Investing Activities			28,743
Proceeds from issuance of asset backed notes, net of original issue discount			0
Payments on asset backed notes			0
Increase (Decrease) in Restricted Cash			0
Proceeds from Long-term Lines of Credit			0
Repayments of Long-term Lines of Credit			0
Payments of Debt Issuance Costs			0
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options			618
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change			0
Proceeds from (Payments for) Other Financing Activities, Including Excess Tax Benefit from Share-based Compensation			1
Net Cash Provided by (Used in) Financing Activities			619
Net change in cash and cash equivalents			0
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities			(383,378)
Revenue, Net	331,999		650,541
Cash and Cash Equivalents, at Carrying Value	15,535		15,535		12,254
Restricted Cash and Cash Equivalents, Current	0		0		0
Accounts Receivable, Net, Current	234,333		234,333		353,781
Other Receivables, Net, Current	82,924		82,924		95,404
Inventory, Net	191,642		191,642		201,969
Other Assets, Current	16,482		16,482		20,092
Total current assets	540,916		540,916		683,500
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	203,244		203,244		95,787
Accounts Receivable, Net, Noncurrent	309,903		309,903		300,391
Restricted Cash and Cash Equivalents, Noncurrent	0		0		0
Property, Plant and Equipment, Net	174,815		174,815		151,483
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	0		0		0
Other Assets, Noncurrent	8,590		8,590		8,953
Total assets	1,237,468		1,237,468		1,240,114
Long-term Debt, Current Maturities	761		761		799
Accounts Payable, Current	117,628		117,628		86,797
Accrued Liabilities and Other Liabilities	44,124		44,124		37,002
Other Liabilities, Current	17,963		17,963		17,510
Total current liabilities	180,476		180,476		142,108
Deferred Rent Credit, Noncurrent	88,452		88,452		74,559
Long-term Debt, Excluding Current Maturities	300,804		300,804		330,896
Other Liabilities, Noncurrent	18,896		18,896		16,059
Total liabilities	588,628		588,628		563,622
Total stockholders' equity	648,840		648,840		676,492
Total liabilities and stockholders' equity	1,237,468		1,237,468		1,240,114
Financial Services Revenue	33,062		63,234
Contractually Specified Servicing Fees, Amount	13,176		30,311
Total revenues	378,237		744,086
Cost of Goods Sold	208,869		413,335
Selling, General and Administrative Expense	119,846		233,093
Provision for bad debts	20,830		56,412
Other Nonrecurring (Income) Expense	2,895		3,421
Total cost and expenses	352,440		706,261
Operating Income (Loss)	25,797		37,825
Income (Loss) from Subsidiaries, before Tax	23,293		34,703
Interest expense	3,352		6,620
Income before income taxes	(848)		(3,498)
Income Tax Expense (Benefit)	8,218		12,427
Net Income (Loss) Attributable to Parent	(9,066)		(15,925)
Payments to Acquire Receivables			0
Proceeds from Sale and Collection of Receivables			478,080
Payments to Acquire Property, Plant, and Equipment			(32,020)
Proceeds from Sale of Property, Plant, and Equipment			686
Net Cash Provided by (Used in) Investing Activities, Intercompany Net Change
Net Cash Provided by (Used in) Investing Activities			446,746
Proceeds from issuance of asset backed notes, net of original issue discount			0
Payments on asset backed notes			0
Increase (Decrease) in Restricted Cash			0
Proceeds from Long-term Lines of Credit			405,378
Repayments of Long-term Lines of Credit			(435,085)
Payments of Debt Issuance Costs			(1,216)
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options			0
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change			(28,743)
Proceeds from (Payments for) Other Financing Activities, Including Excess Tax Benefit from Share-based Compensation			(421)
Net Cash Provided by (Used in) Financing Activities			(60,087)
Net change in cash and cash equivalents			3,281
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities			544,638
Revenue, Net	0		0
Cash and Cash Equivalents, at Carrying Value	0		0		0
Restricted Cash and Cash Equivalents, Current	70,981		70,981		64,151
Accounts Receivable, Net, Current	499,385		499,385		390,150
Other Receivables, Net, Current	0		0		0
Inventory, Net	0		0		0
Other Assets, Current	4,226		4,226		3,405
Total current assets	574,592		574,592		457,706
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0		0		0
Accounts Receivable, Net, Noncurrent	276,967		276,967		331,254
Restricted Cash and Cash Equivalents, Noncurrent	25,002		25,002		14,425
Property, Plant and Equipment, Net	0		0		0
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	0		0		0
Other Assets, Noncurrent	0		0		0
Total assets	876,561		876,561		803,385
Long-term Debt, Current Maturities	0		0		0
Accounts Payable, Current	0		0		0
Accrued Liabilities and Other Liabilities	1,693		1,693		1,636
Other Liabilities, Current	3,430		3,430		1,645
Total current liabilities	5,123		5,123		3,281
Deferred Rent Credit, Noncurrent	0		0		0
Long-term Debt, Excluding Current Maturities	662,011		662,011		699,515
Other Liabilities, Noncurrent	1,957		1,957		1,397
Total liabilities	669,091		669,091		704,193
Total stockholders' equity	207,470		207,470		99,192
Total liabilities and stockholders' equity	876,561		876,561		$ 803,385
Financial Services Revenue	33,096		73,495
Contractually Specified Servicing Fees, Amount	0		0
Total revenues	33,096		73,495
Cost of Goods Sold	0		0
Selling, General and Administrative Expense	13,176		30,311
Provision for bad debts	39,366		62,002
Other Nonrecurring (Income) Expense	0		0
Total cost and expenses	52,542		92,313
Operating Income (Loss)	(19,446)		(18,818)
Income (Loss) from Subsidiaries, before Tax	0		0
Interest expense	16,389		34,571
Income before income taxes	(35,835)		(53,389)
Income Tax Expense (Benefit)	(12,542)		(18,686)
Net Income (Loss) Attributable to Parent	$ (23,293)		(34,703)
Payments to Acquire Receivables			(478,080)
Proceeds from Sale and Collection of Receivables			0
Payments to Acquire Property, Plant, and Equipment			0
Proceeds from Sale of Property, Plant, and Equipment			0
Net Cash Provided by (Used in) Investing Activities, Intercompany Net Change
Net Cash Provided by (Used in) Investing Activities			(478,080)
Proceeds from issuance of asset backed notes, net of original issue discount			493,540
Payments on asset backed notes			(537,819)
Increase (Decrease) in Restricted Cash			(17,406)
Proceeds from Long-term Lines of Credit			0
Repayments of Long-term Lines of Credit			0
Payments of Debt Issuance Costs			(4,873)
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options			0
Net Cash Provided by (Used in) Financing Activities, Intercompany Net Change
Proceeds from (Payments for) Other Financing Activities, Including Excess Tax Benefit from Share-based Compensation			0
Net Cash Provided by (Used in) Financing Activities			(66,558)
Net change in cash and cash equivalents			$ 0