Shareholders' Equity

6 Months Ended

Aug. 03, 2013

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 9 Shareholders’ Equity

The following tables set forth the changes in Brown Shoe Company, Inc. shareholders’ equity and noncontrolling interests for the twenty-six weeks ended August 3, 2013 and July 28, 2012, respectively:

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at February 2, 2013	$	425,129	$	772	$	425,901
Net earnings (loss)		4,595		(144)		4,451
Other comprehensive (loss) income		(911)		55		(856)
Dividends declared		(6,048)		–		(6,048)
Issuance of common stock under share-based plans, net		(2,780)		–		(2,780)
Tax benefit related to share-based plans		2,798		–		2,798
Share-based compensation expense		2,935		–		2,935
Equity at August 3, 2013	$	425,718	$	683	$	426,401

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at January 28, 2012	$	412,669	$	1,047	$	413,716
Net loss		(840)		(246)		(1,086)
Other comprehensive loss		(878)		(4)		(882)
Dividends declared		(6,005)		–		(6,005)
Issuance of common stock under share-based plans, net		(2,058)		–		(2,058)
Tax benefit related to share-based plans		738		–		738
Share-based compensation expense		3,275		–		3,275
Equity at July 28, 2012	$	406,901	$	797	$	407,698

Accumulated Other Comprehensive (Loss) Income

The following table sets forth the changes in accumulated other comprehensive (loss) income by component for the thirteen and twenty-six weeks ended August 3, 2013:

							Accumulated
	Accumulated		Accumulated		Accumulated		Other
	Currency		Derivative		Postretirement		Comprehensive
($ thousands)	Translation		Transactions		Transactions		Income (Loss)
Balance February 2, 2013	$	6,912	$	(81)	$	(5,947)	$	884
Other comprehensive loss before reclassifications		(690)		(27)		–		(717)
Amounts reclassified from accumulated other comprehensive (loss) income		–		(87)		145		58
Other comprehensive (loss) income		(690)		(114)		145		(659)
Balance May 4, 2013	$	6,222	$	(195)	$	(5,802)	$	225
Other comprehensive (loss) income before reclassifications		(900)		662		–		(238)
Amounts reclassified from accumulated other comprehensive (loss) income		–		(150)		136		(14)
Other comprehensive (loss) income		(900)		512		136		(252)
Balance August 3, 2013	$	5,322	$	317	$	(5,666)	$	(27)

The following table sets forth the reclassifications out of accumulated other comprehensive (loss) income and the related tax effect by component for the twenty-six weeks ended August 3, 2013:

		Derivative		Postretirement		Tax
($ thousands)		Transactions		Transactions		Effect		Total
Net gains from derivative financial instruments	$	(362)	$	–	$	125	$	(237)
Pension and other postretirement benefits actuarial loss		–		445		(168)		277
Pension benefits prior service expense		–		6		(2)		4
	$	(362)	$	451	$	(45)	$	44

Reclassifications related to pension and other postretirement benefits impacted selling and administrative expenses on the condensed consolidated statement of earnings. See Note 12 to the condensed consolidated financial statements for additional information related to derivative financial instruments.