Conn's, Inc. (NASDAQ:CONN) Q3 2020 Earnings Conference Call - Final Transcript
Dec 10, 2019 • 11:00 am ET
George L. Bchara
year of incurred losses to lifetime expected losses. We currently estimate that adopting CECL will increase our total allowance for bad debt by 40% to 60%, based on the portfolio composition and economic outlook, as of October 31, 2019. The ultimate amount that will be recorded on February 1, 2020 will be dependent on our portfolio composition and economic outlook at that time. As a final note, CECL is simply an accounting change and does not affect the cash flow or fundamental economics of our business.
With this overview, Norm, Lee and I are happy to take your questions. Operator, please open the call up to questions.