Business Segment Information

3 Months Ended

May 03, 2014

Business Segment Information [Abstract]

Business Segment Information

Note 6 Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended May 3, 2014 and May 4, 2013.  All financial measures below exclude discontinued operations. 

		Famous		Wholesale		Specialty
($ thousands)		Footwear		Operations		Retail		Other		Total
Thirteen Weeks Ended May 3, 2014
External sales	$	354,623	$	191,785	$	44,754	$	–	$	591,162
Intersegment sales		505		31,980		–		–		32,485
Operating earnings (loss)		27,871		13,754		(3,692)		(9,207)		28,726
Segment assets - continuing operations		503,239		414,778		57,139		133,806		1,108,962
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

The Other segment includes corporate assets, administrative expenses, and other costs and recoveries, which are not allocated to the operating segments.  

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

	Thirteen Weeks Ended
	May 3,		May 4,
($ thousands)		2014		2013
Operating earnings	$	28,726	$	20,958
Interest expense		(5,306)		(5,721)
Interest income		76		68
Earnings before income taxes from continuing operations	$	23,496	$	15,305