Business Segment Information

3 Months Ended

May 04, 2013

Business Segment Information [Abstract]

Business Segment Information

Note 7 Business Segment Information

Applicable business segment information is as follows for the periods ended May 4, 2013 and April 28, 2012:

		Famous		Wholesale		Specialty
($ thousands)		Footwear		Operations		Retail		Other		Total
Thirteen Weeks Ended May 4, 2013
External sales	$	352,279	$	181,625	$	54,752	$	–	$	588,656
Intersegment sales		606		36,729		–		–		37,335
Operating earnings (loss)		29,042		3,107		(1,329)		(9,862)		20,958
Segment assets - continuing operations		450,900		356,903		60,685		135,891		1,004,379
Segment assets - held for sale		–		12,496		–		–		12,496
Thirteen Weeks Ended April 28, 2012
External sales	$	347,107	$	194,941	$	56,131	$	–	$	598,179
Intersegment sales		559		47,868		–		–		48,427
Operating earnings (loss)		18,301		5,875		(3,527)		(8,058)		12,591
Segment assets - continuing operations		431,820		384,528		56,702		143,590		1,016,640

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 May 4, 2013, operating earnings (loss) included portfolio realignment costs of $5.2 million, all of which were recorded in the Wholesale Operations segment.

During the thirteen weeks ended April 28, 2012, operating earnings (loss) included portfolio realignment costs of $11.5 million. Of the $11.5 million, $7.0 million was included in the Famous Footwear segment, $3.0 million was included in the Wholesale Operations segment, $1.0 million was included in the Specialty Retail segment and $0.5 million was included in the Other segment.

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

	Thirteen Weeks Ended
	May 4,		April 28,
($ thousands)		2013		2012
Operating earnings	$	20,958	$	12,591
Interest expense		(5,721)		(6,036)
Interest income		68		83
Earnings before income taxes from continuing operations	$	15,305	$	6,638