Business Segment Information

9 Months Ended

Oct. 29, 2011

Business Segment Information [Abstract]

Business Segment Information

Note 7 Business Segment Information

Applicable business segment information is as follows:

($ thousands)	Famous Footwear		Wholesale Operations			Specialty Retail			Other			Total
Thirteen Weeks Ended October 29, 2011
External sales	$	416,243	$		233,590	$	63,955		$	–		$	713,788
Intersegment sales		485			54,177		–			–			54,662
Operating earnings (loss)		28,374			9,558		53			(5,624	)		32,361
Operating segment assets		474,617			573,235		62,502			117,404			1,227,758
Thirteen Weeks Ended October 30, 2010
External sales	$	421,531	$		227,117	$	67,445		$	–		$	716,093
Intersegment sales		333			58,286		–			–			58,619
Operating earnings (loss)		32,212			13,695		675			(13,304	)		33,278
Operating segment assets		507,654			342,305		69,530			145,108			1,064,597
Thirty-nine Weeks Ended October 29, 2011
External sales	$	1,103,900	$	665,771		$	184,262		$	–		$	1,953,933
Intersegment sales		1,285		138,911			–			–			140,196
Operating earnings (loss)		54,651		18,502			(6,703	)		(23,007	)		43,443
Thirty-nine Weeks Ended October 30, 2010
External sales	$	1,131,017	$	580,489		$	188,061		$	–		$	1,899,567
Intersegment sales		1,304		146,614			–			–			147,918
Operating earnings (loss)		76,146		31,401			(4,980	)		(35,830	)		66,737

The Other segment includes corporate assets and administrative expenses and other costs and recoveries that are not allocated to the operating segments.

During the thirteen weeks and thirty-nine weeks ended October 29, 2011, operating earnings of the Wholesale Operations segment included restructuring costs due to the exit of the children's wholesale business and certain women's specialty and private label brands of $4.5 million. For the thirty-nine weeks ended October 29, 2011, operating earnings of the Wholesale Operations segment included an increase in cost of goods sold related to the impact of the inventory fair value adjustment in connection with the acquisition of ASG of $3.9 million. During the thirteen weeks and thirty-nine weeks ended October 29, 2011, the operating loss of the Other segment included costs related to the Company's acquisition and integration of ASG of $1.1 million and $3.5 million, respectively.

During the thirteen weeks and thirty-nine weeks ended October 30, 2010, operating loss of the Other segment included costs related to the Company's information technology initiatives of $1.7 million and $4.9 million, respectively. During the thirteen weeks and thirty-nine weeks ended October 30, 2010, operating earnings of the Company's Wholesale Operations segment included costs related to the information technology initiatives of $0.2 million and $0.6 million, respectively.

Following is a reconciliation of operating earnings to earnings before income taxes from continuing operations:

	Thirteen Weeks Ended						Thirty-nine Weeks Ended
($ thousands)	October 29, 2011			October 30, 2010			October 29, 2011			October 30, 2010
Operating earnings	$	32,361		$	33,278		$	43,443		$	66,737
Interest expense		(6,685	)		(4,916	)		(19,903	)		(14,238	)
Loss on early extinguishment of debt		–			–			(1,003	)		–
Interest income		98			46			248			113
Earnings before income taxes from continuing operations	$	25,774		$	28,408		$	22,785		$	52,612