Shareholders' Equity

9 Months Ended

Oct. 27, 2012

Shareholders' Equity [Abstract]

Stockholders' Equity

Note 8 Shareholders’ Equity

The following tables set forth the changes in Brown Shoe Company, Inc. shareholders’ equity and noncontrolling interests for the thirty-nine weeks ended October 27, 2012:

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at January 28, 2012	$	412,669	$	1,047	$	413,716
Net earnings		23,452		(251)		23,201
Other comprehensive income		219		3		222
Dividends paid		(9,007)		–		(9,007)
Issuance of common stock under share-based plans, net		(1,860)		–		(1,860)
Tax benefit related to share-based plans		889		–		889
Share-based compensation expense		4,776		–		4,776
Equity at October 27, 2012	$	431,138	$	799	$	431,937

Share-Based Compensation

The Company recognized share-based compensation expense of $1.5 million and $2.1 million during the thirteen weeks and $4.8 million and $5.1 million during the thirty-nine weeks ended October 27, 2012 and October 29, 2011, respectively.

The Company issued 52,297 shares of common stock during the thirteen weeks ended October 27, 2012, for stock options exercised and directors’ fees. The Company issued 1,360,588 shares of common stock during the thirty-nine weeks ended October 27, 2012, for performance share awards, restricted stock grants, stock options exercised and directors’ fees.

During the thirteen and thirty-nine weeks ended October 27, 2012, the Company cancelled restricted stock awards of 32,800 and 147,300 shares, respectively, as a result of forfeitures.

The Company also granted 1,276restricted stock units to non-employee directors with a weighted-average grant date fair value of $16.18 during the third quarter of 2012.  All restricted stock units granted during the third quarter of 2012 immediately vested and compensation expense was fully recognized.