Business Segment Information

6 Months Ended

Aug. 02, 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 August 2, 2014 and August 3, 2013.  All financial measures below exclude discontinued operations. 

		Famous		Wholesale		Specialty
($ thousands)		Footwear		Operations		Retail		Other		Total
Thirteen Weeks Ended August 2, 2014
External sales	$	393,631	$	194,269	$	47,977	$	–	$	635,877
Intersegment sales		554		53,277		–		–		53,831
Operating earnings (loss)		26,558		19,249		(2,786)		(11,719)		31,302
Segment assets - continuing operations		585,580		513,327		53,397		136,778		1,289,082
Thirteen Weeks Ended August 3, 2013
External sales	$	388,259	$	180,440	$	53,007	$	–	$	621,706
Intersegment sales		604		64,203		–		–		64,807
Operating earnings (loss)		28,969		8,196		(1,826)		(12,527)		22,812
Segment assets - continuing operations		529,944		428,664		83,852		136,899		1,179,359
Twenty-six Weeks Ended August 2, 2014
External sales	$	748,254	$	386,054	$	92,731	$	–	$	1,227,039
Intersegment sales		1,059		85,258		–		–		86,317
Operating earnings (loss)		54,429		33,003		(6,478)		(20,926)		60,028
Twenty-six Weeks Ended August 3, 2013
External sales	$	740,538	$	362,065	$	107,759	$	–	$	1,210,362
Intersegment sales		1,210		100,933		–		–		102,143
Operating earnings (loss)		58,011		11,303		(3,155)		(22,389)		43,770

The Other category 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				Twenty-six Weeks Ended
	August 2,		August 3,		August 2,		August 3,
($ thousands)		2014		2013		2014		2013
Operating earnings	$	31,302	$	22,812	$	60,028	$	43,770
Interest expense		(5,125)		(5,192)		(10,431)		(10,913)
Interest income		109		82		185		150
Earnings before income taxes from continuing operations	$	26,286	$	17,702	$	49,782	$	33,007