Variable Interest Entity (Tables)

9 Months Ended

Oct. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of assets and liabilities held by the VIE



(in thousands)	October 31, 2017			January 31, 2017
Assets:
Restricted cash	$	71,099		$	110,698
Due from Conn's, Inc., net	2,387			7,368
Customer accounts receivable:
Customer accounts receivable	603,584			884,367
Restructured accounts	109,143			131,470
Allowance for uncollectible accounts	(109,759		)	(150,435		)
Allowances for no-interest option credit programs	(8,661		)	(15,912		)
Deferred fees and origination costs	(3,185		)	—
Total customer accounts receivable, net	591,122			849,490
Total assets	$	664,608		$	967,556
Liabilities:
Accrued expenses	$	3,602		$	6,525
Other liabilities	6,362			6,691
Current maturities of long-term debt:
2016-B Class A Notes	8,563
2017-A Warehouse Class A Notes	56,874
Deferred debt issuance costs	(485		)
	64,952			—
Long-term debt:
2015 Class A Notes	—			12,166
2015 Class B Notes	—			165,900
2016-A Class A Notes	—			64,732
2016-A Class B Notes	—			70,510
2016-A Class C Notes	—			70,510
2016-B Class A Notes	—			256,513
2016-B Class B Notes	111,960			111,960
2017-A Class A Notes	129,583			—
2017-A Class B Notes	106,270			—
2017-A Class C Notes	50,340			—
	398,153			752,291
Less: deferred debt issuance costs	(2,143		)	(6,710		)
Total long-term debt	396,010			745,581
Total liabilities	$	470,926		$	758,797

- 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.

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