(Loss) Earnings Per Share

3 Months Ended

May 04, 2013

(Loss) Earnings Per Share [Abstract]

(Loss) Earnings Per Share

Note 5 (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 May 4, 2013 and April 28, 2012:

	Thirteen Weeks Ended
	May 4,		April 28,
($ thousands, except per share amounts)		2013		2012
NUMERATOR
Net earnings from continuing operations	$	7,359	$	4,022
Net loss attributable to noncontrolling interests		70		67
Net earnings allocated to participating securities		–		(155)
Net earnings from continuing operations		7,429		3,934
Net loss from discontinued operations		(18,191)		(2,394)
Net earnings allocated to participating securities		–		–
Net loss from discontinued operations		(18,191)		(2,394)
Net (loss) earnings attributable to Brown Shoe Company, Inc. after allocation of earnings to participating securities	$	(10,762)	$	1,540
DENOMINATOR
Denominator for basic continuing and discontinued earnings per common share attributable to Brown Shoe Company, Inc. shareholders		41,070		40,422
Dilutive effect of share-based awards for continuing operations and discontinued operations		198		322
Denominator for diluted continuing and discontinued earnings per common share attributable to Brown Shoe Company, Inc. shareholders		41,268		40,744
Basic earnings (loss) per common share:
From continuing operations	$	0.18	$	0.10
From discontinued operations		(0.44)		(0.06)
Basic (loss) earnings per common share attributable to Brown Shoe Company, Inc. shareholders	$	(0.26)	$	0.04
Diluted earnings (loss) per common share:
From continuing operations	$	0.18	$	0.10
From discontinued operations		(0.44)		(0.06)
Diluted (loss) earnings per common share attributable to Brown Shoe Company, Inc. shareholders	$	(0.26)	$	0.04

Options to purchase 432,466 and 1,345,256 shares of common stock for the thirteen weeks ended May 4, 2013 and April 28, 2012, respectively, were not included in the denominator for diluted earnings per common share attributable to Brown Shoe Company, Inc. shareholders because the effect would be antidilutive.