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Earnings (Loss) Per Share
 6 Months Ended
Aug. 02, 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 August 2, 2014 and August 3, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Twenty-six Weeks Ended

 

August 2,

 

August 3,

 

August 2,

 

August 3,

(thousands, except per share amounts)

 
2014 

 

 
2013 

 

 
2014 

 

 
2013 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

Net earnings from continuing operations

$
18,039 

 

$
13,621 

 

$
33,515 

 

$
20,980 

Net loss (earnings) attributable to noncontrolling interests

 
25 

 

 
74 

 

 
(22)

 

 
144 

Net earnings allocated to participating securities

 
(669)

 

 
(580)

 

 
(1,262)

 

 
(266)

Net earnings from continuing operations

 
17,395 

 

 
13,115 

 

 
32,231 

 

 
20,858 

Net earnings (loss) from discontinued operations

 

– 

 

 
1,662 

 

 

– 

 

 
(16,529)

Net earnings allocated to participating securities

 

– 

 

 
(71)

 

 

– 

 

 

– 

Net earnings (loss) from discontinued operations

 

– 

 

 
1,591 

 

 

– 

 

 
(16,529)

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

$
17,395 

 

$
14,706 

 

$
32,231 

 

$
4,329 

 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

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

 
42,074 

 

 
41,348 

 

 
41,980 

 

 
41,209 

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

 
202 

 

 
316 

 

 
218 

 

 
267 

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

 
42,276 

 

 
41,664 

 

 
42,198 

 

 
41,476 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$
0.41 

 

$
0.32 

 

$
0.77 

 

$
0.51 

From discontinued operations

 

– 

 

 
0.04 

 

 

– 

 

 
(0.40)

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

$
0.41 

 

$
0.36 

 

$
0.77 

 

$
0.11 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$
0.41 

 

$
0.31 

 

$
0.76 

 

$
0.50 

From discontinued operations

 

– 

 

 
0.04 

 

 

– 

 

 
(0.40)

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

$
0.41 

 

$
0.35 

 

$
0.76 

 

$
0.10 

 

 

Options to purchase 64,497  and 134,247 shares of common stock for the thirteen weeks ended August 2, 2014 and August 3, 2013, respectively, and 64,497 and 224,153 shares of common stock for the twenty-six weeks ended August 2, 2014 and August 3, 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.