XML 60 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings (Loss) Per Share
 9 Months Ended
Nov. 02, 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 thirteen and thirty-nine weeks ended November 2, 2013 and October 27, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Thirty-nine Weeks Ended

 

November 2,

 

October 27,

 

November 2,

 

October 27,

($ thousands, except per share amounts)

 
2013 

 

 
2012 

 

 
2013 

 

 
2012 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

Net earnings from continuing operations

$
27,051 

 

$
24,253 

 

$
48,031 

 

$
30,088 

Net loss attributable to noncontrolling interests

 
30 

 

 
5 

 

 
174 

 

 
251 

Net earnings allocated to participating securities

 
(1,097)

 

 
(1,210)

 

 
(2,098)

 

 
(1,505)

Net earnings from continuing operations

 
25,984 

 

 
23,048 

 

 
46,107 

 

 
28,834 

Net earnings (loss) from discontinued operations

 
233 

 

 
34 

 

 
(16,296)

 

 
(6,887)

Net (earnings) loss allocated to participating securities

 
(9)

 

 
(2)

 

 
712 

 

 
339 

Net earnings (loss) from discontinued operations

 
224 

 

 
32 

 

 
(15,584)

 

 
(6,548)

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

$
26,208 

 

$
23,080 

 

$
30,523 

 

$
22,286 

 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

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

 
41,447 

 

 
40,745 

 

 
41,288 

 

 
40,618 

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

 
319 

 

 
190 

 

 
283 

 

 
103 

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

 
41,766 

 

 
40,935 

 

 
41,571 

 

 
40,721 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$
0.63 

 

$
0.57 

 

$
1.12 

 

$
0.71 

From discontinued operations

 

–

 

 

–

 

 
(0.38)

 

 
(0.16)

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

$
0.63 

 

$
0.57 

 

$
0.74 

 

$
0.55 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$
0.62 

 

$
0.56 

 

$
1.11 

 

$
0.71 

From discontinued operations

 
0.01 

 

 

–

 

 
(0.38)

 

 
(0.16)

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

$
0.63 

 

$
0.56 

 

$
0.73 

 

$
0.55 

 

 

Options to purchase 86,247 and 567,966 shares of common stock for the thirteen weeks and 214,403 and 1,019,565 shares of common stock for the thirty-nine weeks ended November 2, 2013 and October 27, 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 anti-dilutive.