Earnings Per Share (Tables)

6 Months Ended

Jul. 30, 2011

Earnings Per Share

Earnings Per Share

	13 Weeks Ended					26 Weeks Ended
	July 30,			July 31,		July 30,			July 31,
(dollars in millions, except per share amounts; shares in thousands)	2011			2010		2011			2010
Net (loss) earnings attributable to Collective Brands, Inc.	$	(35.0	)	$	21.1	$	(8.6	)	$	75.3
Less: net earnings allocated to participating securities(1)		—			0.4		—			1.2
Net (loss) earnings available to common shareholders	$	(35.0	)	$	20.7	$	(8.6	)	$	74.1
Weighted average shares outstanding — basic		60,275			63,498		60,465			63,459
Net effect of dilutive stock options		—			118		—			257
Net effect of dilutive stock-settled SARs		—			567		—			686
Weighted average shares outstanding — diluted		60,275			64,183		60,465			64,402
Basic (loss) earnings per share attributable to common shareholders	$	(0.58	)	$	0.33	$	(0.14	)	$	1.17
Diluted (loss) earnings per share attributable to common shareholders	$	(0.58	)	$	0.32	$	(0.14	)	$	1.15

⁽¹⁾ Net earnings allocated to participating securities is calculated based upon a weighted average percentage of participating securities in relation to total shares outstanding.Net losses are not allocated to participating securities.