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Comprehensive (Loss) Income And Changes In Equity
 6 Months Ended
Jul. 30, 2011
Comprehensive Income (Loss) And Changes In Equity  
Comprehensive (Loss) Income And Changes In Equity
Note 5
Comprehensive (Loss) Income and Changes in Equity

Comprehensive (loss) income includes changes in equity related to foreign currency translation adjustments and unrealized gains or losses from derivatives used for hedging activities.

The following table sets forth the reconciliation from net (loss) earnings to comprehensive (loss) income:

                   
   
Thirteen Weeks Ended
  
Twenty-six Weeks Ended
  
($ thousands)
  
July 30,
2011
  
July 31, 2010
  
July 30,
2011
  
July 31, 2010
  
Net (loss) earnings
  
$
(4,768
)
$
4,788
  
$
(1,127
)
$
15,323
  
                           
Other comprehensive (loss) income ("OCI"), net of tax:
                          
   Foreign currency translation adjustment
    
(353
)
  
(80
)
  
1,898
    
1,040
  
   Unrealized (losses) gains on derivative instruments, net of tax of $50 and $185 in the thirteen weeks and $101 and $44 in the twenty-six weeks ended July 30, 2011 and July 31, 2010, respectively
    
(27
)
  
482
    
(236
)
  
187
  
Net loss from derivatives reclassified into earnings, net of tax of $3 and $35 in the thirteen weeks and $9 and $89 in the twenty-six weeks ended July 30, 2011 and July 31, 2010, respectively
    
14
    
64
    
27
    
169
  
     
(366
)
  
466
    
1,689
    
1,396
  
Comprehensive (loss) income
  
$
(5,134
)
$
5,254
  
$
562
  
$
16,719
  
Less: Comprehensive (loss) income attributable to noncontrolling interests
    
(145
)
  
(467
)
  
(184
 
)
  
22
  
Comprehensive (loss) income attributable to Brown Shoe Company, Inc.
  
$
(4,989
)
$
5,721
  
$
746
  
$
16,697
  

 

The following table sets forth the balance in accumulated other comprehensive income for the Company:
             
($ thousands)
July 30,
2011
  
July 31,
2010
  
January 29,
2011
  
Foreign currency translation gains
$
8,179
  
$
5,188
  
$
6,281
  
Unrealized losses on derivative instruments, net of tax
  
(522
)
  
(361
)
  
(313
)
Pension and other postretirement benefits, net of tax
  
173
    
(3,260
)
  
173
  
Accumulated other comprehensive income
$
7,830
  
$
1,567
  
$
6,141
  

See additional information related to derivative instruments in Note 12 and Note 13 to the condensed consolidated financial statements and additional information related to pension and other postretirement benefits in Note 10 to the condensed consolidated financial statements.

The following tables set forth the changes in Brown Shoe Company, Inc. shareholders' equity and noncontrolling interests:
 
             
($ thousands)
Brown Shoe
Company, Inc.
Shareholders' Equity
  
Noncontrolling
Interests
  
Total Equity
  
Equity at January 29, 2011
$
415,080
  
$
829
  
$
415,909
  
Comprehensive income (loss)
  
746
    
(184
)
  
562
  
Dividends paid
  
(6,197
)
  
–
    
(6,197
)
Acquisition of treasury stock
  
(22,408
)
  
–
    
(22,408
)
Stock issued under share-based plans
  
302
    
–
    
302
  
Tax deficiency related to share-based plans
  
(453
)
  
–
    
(453
)
Share-based compensation expense
  
3,007
    
–
    
3,007
  
Equity at July 30, 2011
$
390,077
     $
645
     $
390,722
  

             
($ thousands)
Brown Shoe
Company, Inc.
Shareholders' Equity
  
Noncontrolling
Interests
  
Total Equity
  
Equity at January 30, 2010
$
402,171
  
$
9,056
  
$
411,227
  
Comprehensive income
  
16,697
    
22
    
16,719
  
Dividends paid
  
(6,114
)
  
–
    
(6,114
)
Acquisition of noncontrolling interest (Edelman Shoe, Inc.)
                  
Stock issued in connection with the acquisition of the  noncontrolling interest
  
7,309
    
–
    
7,309
  
Distribution to noncontrolling interest
  
(31,397
)
  
(8,604
)
  
(40,001
)
Stock issued under share-based plans
  
(234
)
  
–
    
(234
)
Tax deficiency related to share-based plans
  
(142
)
  
–
    
(142
)
Share-based compensation expense
  
2,781
    
–
    
2,781
  
Equity at July 31, 2010
$
391,071
  
$
474
  
$
391,545