(Loss) Earnings Per Share

6 Months Ended

Jul. 28, 2012

(Loss) Earnings Per Share [Abstract]

(Loss) Earnings Per Share

Note 4  (Loss) Earnings Per Share

The Company uses the two-class method to compute basic and diluted (loss) earnings per common share attributable to Brown Shoe Company, Inc. shareholders. In periods of net loss, no effect is given to the Company's participating securities since they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted (loss) earnings per common share attributable to Brown Shoe Company, Inc. shareholders for the periods ended July 28, 2012 and July 30, 2011:

		Thirteen Weeks Ended						Twenty-six Weeks Ended
		July 28,			July 30,			July 28,			July 30,
($ thousands, except per share amounts)		2012			2011			2012			2011
NUMERATOR
Net loss from continuing operations	$	(2,714	)	$	(5,451	)	$	(1,086	)	$	(2,103	)
Net loss attributable to noncontrolling interests		179			159			246			206
Net earnings allocated to participating securities		–			–			–			–
Net loss from continuing operations		(2,535	)		(5,292	)		(840	)		(1,897	)
Net earnings from discontinued operations		–			683			–			976
Net earnings allocated to participating securities		–			–			–			–
Net earnings from discontinued operations		–			683			–			976
Net loss attributable to Brown Shoe Company, Inc. after
allocation of earnings to participating securities	$	(2,535	)	$	(4,609	)	$	(840	)	$	(921	)
DENOMINATOR
Denominator for basic continuing and discontinued
(loss) earnings per common share attributable to Brown Shoe
Company, Inc. shareholders		40,687			41,852			40,555			42,164
Dilutive effect of share-based awards		–			–			–			–
Denominator for diluted continuing and discontinued (loss)
earnings per common share attributable to Brown Shoe
Company, Inc. shareholders		40,687			41,852			40,555			42,164
Basic (loss) earnings per common share:
From continuing operations	$	(0.06	)	$	(0.13	)	$	(0.02	)	$	(0.04	)
From discontinued operations		–			0.02			–			0.02
Basic loss per common share attributable to Brown Shoe
Company, Inc. shareholders	$	(0.06	)	$	(0.11	)	$	(0.02	)	$	(0.02	)
Diluted (loss) earnings per common share:
From continuing operations	$	(0.06	)	$	(0.13	)	$	(0.02	)	$	(0.04	)
From discontinued operations		–			0.02			–			0.02
Diluted loss per common share attributable to Brown
Shoe Company, Inc. shareholders	$	(0.06	)	$	(0.11	)	$	(0.02	)	$	(0.02	)

Due to the net loss attributable to Brown Shoe Company, Inc. for the thirteen weeks and twenty-six weeks ended July 28, 2012 and July 30, 2011, the denominator for diluted loss per common share attributable to Brown Shoe Company, Inc. shareholders is the same as the denominator for basic loss per common share attributable to Brown Shoe Company, Inc. shareholders.