XML 101 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings (Loss) Per Share
 6 Months Ended
Aug. 03, 2013
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share

 

 

 

 

Note 5

Earnings (Loss) Per Share

 

The Company uses the two-class method to compute basic and diluted earnings (loss) 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 earnings (loss) per common share attributable to Brown Shoe Company, Inc. shareholders for the periods ended August 3, 2013 and July 28, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Twenty-six Weeks Ended

 

August 3,

 

July 28,

 

August 3,

 

July 28,

($ thousands, except per share amounts)

 
2013 

 

 
2012 

 

 
2013 

 

 
2012 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

Net earnings from continuing operations

$
13,621 

 

$
1,813 

 

$
20,980 

 

$
5,835 

Net loss attributable to noncontrolling interests

 
74 

 

 
179 

 

 
144 

 

 
246 

Net earnings allocated to participating securities

 
(580)

 

 

–

 

 
(266)

 

 

–

Net earnings from continuing operations

 
13,115 

 

 
1,992 

 

 
20,858 

 

 
6,081 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) from discontinued operations

 
1,662 

 

 
(4,527)

 

 
(16,529)

 

 
(6,921)

Net earnings allocated to participating securities

 
(71)

 

 

–

 

 

–

 

 

–

Net earnings (loss) from discontinued operations

 
1,591 

 

 
(4,527)

 

 
(16,529)

 

 
(6,921)

Net earnings (loss) attributable to Brown Shoe Company, Inc. after allocation of earnings to participating securities

$
14,706 

 

$
(2,535)

 

$
4,329 

 

$
(840)

 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic continuing and discontinued earnings per common share attributable to Brown Shoe Company, Inc. shareholders

 
41,348 

 

 
40,687 

 

 
41,209 

 

 
40,555 

Dilutive effect of share-based awards for continuing operations and discontinued operations

 
316 

 

 
88 

 

 
267 

 

 
223 

Denominator for diluted continuing and discontinued earnings per common share attributable to Brown Shoe Company, Inc. shareholders

 
41,664 

 

 
40,775 

 

 
41,476 

 

 
40,778 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$
0.32 

 

$
0.05 

 

$
0.51 

 

$
0.15 

From discontinued operations

 
0.04 

 

 
(0.11)

 

 
(0.40)

 

 
(0.17)

Basic earnings (loss) per common share attributable to Brown Shoe Company, Inc. shareholders

$
0.36 

 

$
(0.06)

 

$
0.11 

 

$
(0.02)

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$
0.31 

 

$
0.05 

 

$
0.50 

 

$
0.15 

From discontinued operations

 
0.04 

 

 
(0.11)

 

 
(0.40)

 

 
(0.17)

Diluted earnings (loss) per common share attributable to Brown Shoe Company, Inc. shareholders

$
0.35 

 

$
(0.06)

 

$
0.10 

 

$
(0.02)

 

 

Options to purchase 134,247 and 1,147,160 shares of common stock for the thirteen weeks and 224,153 and 1,251,131 shares of common stock for the twenty-six weeks ended August 3, 2013 and July 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.