Quarterly Financial Data

12 Months Ended

Jan. 28, 2012

Quarterly Financial Data [Abstract]

Quarterly Financial Data

20. QUARTERLY FINANCIAL DATA (Unaudited)

Quarterly financial results (unaudited) for the years 2011 and 2010 are as follows:

	Quarters
($ thousands, except per share amounts)	First Quarter (13 weeks)		Second Quarter (13 weeks)		Third Quarter (13 weeks)		Fourth Quarter (13 weeks)
2011
Net sales		$619,555	(1)	$620,590	(1)	$713,788	$628,891
Gross profit		247,964	(1)	233,605	(1)	276,498	238,573
Net earnings (loss)		3,641		(4,768	)	33,693	(8,176
Net earnings (loss) attributable to Brown Shoe Company, Inc.		3,688		(4,609	)	33,732	(8,222
Per share of common stock:
Basic earnings (loss) per common share attributable to Brown Shoe Company, Inc. shareholders(2)		0.08		(0.11	)	0.80	(0.21
Diluted earnings (loss) per common share attributable to Brown Shoe Company, Inc. shareholders(2)		0.08		(0.11	)	0.79	(0.21
Dividends paid		0.07		0.07		0.07	0.07
Market value:
High		15.77		12.79		10.31	9.72
Low		10.39		8.85		5.85	7.51

(1)   Adjusted from amounts previously reported in the Company's Form 10-Q for the financial results related to TBMC. TBMC was acquired in the first quarter of 2011 and sold in the subsequent third quarter. The historical financial results of TBMC have been reclassified and presented as discontinued operations.

(2)   EPS for the quarters may not sum to the amounts for the year as each period is computed on a discrete basis.

	Quarters
($ thousands, except per share amounts)	First Quarter (13 weeks)		Second Quarter (13 weeks)		Third Quarter (13 weeks)		Fourth Quarter (13 weeks)
2010
Net sales		$597,718		$585,756		$716,093	$604,524
Gross profit		247,560		238,470		282,219	235,305
Net earnings		10,535		4,788		18,490	3,247
Net earnings attributable to Brown Shoe Company, Inc.		10,046		5,261		18,573	3,353
Per share of common stock:
Basic earnings per common share attributable to Brown Shoe Company, Inc. shareholders		0.23		0.12		0.42	0.08
Diluted earnings per common share attributable to Brown Shoe Company, Inc. shareholders		0.23		0.12		0.42	0.08
Dividends paid		0.07		0.07		0.07	0.07
Market value:
High		19.96		19.10		15.16	15.28
Low		11.56		13.71		10.25	11.12

The fourth quarter of 2011 included:

·   $14.7 million ($9.3 million on an after-tax basis, or $0.23 per diluted share) of charges related to our portfolio realignment,

·   $2.9 million ($1.6 million on an after-tax basis, or $0.04 per diluted share) of costs related to the integration of ASG, and

·   $0.9 million ($1.4 million on an after-tax basis, or $0.04 per diluted share) as a reduction to the gain on sale of a subsidiary.

The fourth quarter of 2010 included:

·   $1.4 million of charges ($0.9 million on an after-tax basis, or $0.02 per diluted share) related to the Company's information technology initiatives, and

·   $1.1 million of acquisition-related costs ($0.7 million on an after-tax basis, or $0.01 per diluted share) related to the acquisition of ASG, which closed on February 17, 2011.