Business Segment Information

3 Months Ended

Apr. 28, 2012

Business Segment Information [Abstract]

Business Segment Information

Note 6 Business Segment Information

Applicable business segment information is as follows for the periods ended April 28, 2012 and April 30, 2011:

($ thousands)	Famous Footwear		Wholesale Operations		Specialty Retail			Other			Total
Thirteen Weeks Ended April 28, 2012
External sales	$	347,107	$	223,203	$	56,131		$	–		$	626,441
Intersegment sales		559		51,576		–			–			52,135
Operating earnings (loss)		18,301		1,979		(3,527	)		(8,058	)		8,695
Operating segment assets		431,820		508,710		56,702			143,590			1,140,822
Thirteen Weeks Ended April 30, 2011
External sales	$	342,727	$	217,064	$	59,764		$	–		$	619,555
Intersegment sales		401		41,145		–			–			41,546
Operating earnings (loss)		18,782		6,019		(3,744	)		(8,977	)		12,080
Operating segment assets		478,255		557,272		63,547			141,495			1,240,569

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

During the thirteen weeks ended April 28, 2012, operating earnings (loss) included portfolio realignment costs of $12.1 million and ASG integration-related costs of $0.7 million. Of the $12.1 million, $7.0 million is included in the Famous Footwear segment, $3.6 million is included in the Wholesale Operations segment, $1.0 million is included in the Specialty Retail segment and $0.5 million is included in the Other segment. The $0.7 million of ASG integration-related costs are included in the Wholesale Operations segment.

During the thirteen weeks ended April 30, 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 $2.7 million and the operating loss of the Other segment included costs related to the Company's acquisition of ASG of $1.7 million.

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

	Thirteen Weeks Ended
($ thousands)	April 28, 2012			April 30, 2011
Operating earnings	$	8,695		$	12,080
Interest expense		(6,157	)		(6,698	)
Interest income		83			85
Earnings before income taxes from continuing operations	$	2,621		$	5,467