Shareholders' Equity

3 Months Ended

May 03, 2014

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 8 Shareholders’ Equity

The following tables set forth the changes in Brown Shoe Company, Inc. shareholders’ equity and noncontrolling interests for the thirteen weeks ended May 3, 2014 and May 4, 2013, respectively:

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at February 1, 2014	$	476,699	$	663	$	477,362
Net earnings		15,429		47		15,476
Other comprehensive income (loss)		477		(12)		465
Dividends paid		(3,053)		–		(3,053)
Issuance of common stock under share-based plans, net		(803)		–		(803)
Tax benefit related to share-based plans		1,769		–		1,769
Share-based compensation expense		1,555		–		1,555
Equity at May 3, 2014	$	492,073	$	698	$	492,771

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at February 2, 2013	$	425,129	$	772	$	425,901
Net loss		(10,762)		(70)		(10,832)
Other comprehensive (loss) income		(659)		42		(617)
Dividends paid		(3,027)		–		(3,027)
Issuance of common stock under share-based plans, net		(2,070)		–		(2,070)
Tax benefit related to share-based plans		1,962		–		1,962
Share-based compensation expense		1,617		–		1,617
Equity at May 4, 2013	$	412,190	$	744	$	412,934

Accumulated Other Comprehensive Income

The following table sets forth the changes in accumulated other comprehensiveincome by component for the thirteen weeks ended May 3, 2014 and May 4, 2013:

							Accumulated
	Foreign				Pension and Other		Other
	Currency		Derivative		Postretirement		Comprehensive
($ thousands)	Translation		Transactions		Transactions		Income (Loss)
Balance February 1, 2014	$	2,356	$	738	$	13,582	$	16,676
Other comprehensive income (loss) before reclassifications		887		(333)		–		554
Amounts reclassified from accumulated other comprehensive income		–		(54)		(23)		(77)
Other comprehensive income (loss)		887		(387)		(23)		477
Balance May 3, 2014	$	3,243	$	351	$	13,559	$	17,153
Balance February 2, 2013	$	6,912	$	(81)	$	(5,947)	$	884
Other comprehensive loss before reclassifications		(690)		(27)		–		(717)
Amounts reclassified from accumulated other comprehensive income		–		(87)		145		58
Other comprehensive (loss) income		(690)		(114)		145		(659)
Balance May 4, 2013	$	6,222	$	(195)	$	(5,802)	$	225

The following table sets forth the reclassifications out of accumulated other comprehensive income and the related tax effect by component for the thirteen weeks ended May 3, 2014 and May 4, 2013:

		Amounts Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the
		Thirteen Weeks Ended			Condensed Consolidated
($ thousands)		May 3, 2014		May 4, 2013	Statements of Earnings
Net gains from derivative financial instruments (1)	$	(78)	$	(132)	Costs of goods sold and selling and administrative expenses
Tax provision		24		45	Income tax provision
Net gains from derivative financial instruments, net of tax		(54)		(87)
Pension and other postretirement benefits actuarial (gain) loss (2)		(50)		228	Selling and administrative expenses
Pension benefits prior service expense (2)		8		2	Selling and administrative expenses
Pension and other postretirement benefits adjustments		(42)		230
Tax provision (benefit)		19		(85)	Income tax provision
Pension and other postretirement benefits adjustments, net of tax		(23)		145
Amounts reclassified from accumulated other comprehensive income	$	(77)	$	58

(1) See Note 11 and 12 to the condensed consolidated financial statements for additional information related to derivative financial instruments.

(2) See Note 10 to the condensed consolidated financial statements for additional information related to pension and other postretirement benefits.