Earnings (Loss) Per Share

3 Months Ended

May 03, 2014

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

Note 4 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 May 3, 2014 and May 4, 2013:

	Thirteen Weeks Ended
	May 3,		May 4,
($ thousands, except per share amounts)		2014		2013
NUMERATOR
Net earnings from continuing operations	$	15,476	$	7,359
Net (earnings) loss attributable to noncontrolling interests		(47)		70
Net earnings allocated to participating securities		(592)		–
Net earnings from continuing operations		14,837		7,429
Net loss from discontinued operations		–		(18,191)
Net earnings allocated to participating securities		–		–
Net loss from discontinued operations		–		(18,191)
Net earnings (loss) attributable to Brown Shoe Company, Inc. after allocation of earnings to participating securities	$	14,837	$	(10,762)
DENOMINATOR
Denominator for basic continuing and discontinued earnings per common share attributable to Brown Shoe Company, Inc. shareholders		41,887		41,070
Dilutive effect of share-based awards for continuing operations and discontinued operations		229		198
Denominator for diluted continuing and discontinued earnings per common share attributable to Brown Shoe Company, Inc. shareholders		42,116		41,268
Basic earnings (loss) per common share:
From continuing operations	$	0.35	$	0.18
From discontinued operations		–		(0.44)
Basic earnings (loss) per common share attributable to Brown Shoe Company, Inc. shareholders	$	0.35	$	(0.26)
Diluted earnings (loss) per common share:
From continuing operations	$	0.35	$	0.18
From discontinued operations		–		(0.44)
Diluted earnings (loss) per common share attributable to Brown Shoe Company, Inc. shareholders	$	0.35	$	(0.26)

Options to purchase  74,997 and 432,466 shares of common stock for the thirteen weeks ended May 3, 2014 and May 4, 2013, 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.