Earnings (Loss) Per Share

9 Months Ended

Nov. 01, 2014

Earnings 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 November 1, 2014 and November 2, 2013:

	Thirteen Weeks Ended						Thirty-nine Weeks Ended
($ thousands, except per share amounts)	November 1, 2014			November 2, 2013			November 1, 2014			November 2, 2013
NUMERATOR
Net earnings from continuing operations	$	33,237		$	27,051		$	66,752		$	48,031
Net (earnings) loss attributable to noncontrolling interests	(124		)	30			(146		)	174
Net earnings allocated to participating securities	(1,208		)	(1,097		)	(2,486		)	(2,098		)
Net earnings from continuing operations	31,905			25,984			64,120			46,107
Net earnings (loss) from discontinued operations	—			233			—			(16,296		)
Net (earnings) loss allocated to participating securities	—			(9		)	—			712
Net earnings (loss) from discontinued operations	—			224			—			(15,584		)
Net earnings attributable to Brown Shoe Company, Inc. after allocation of earnings to participating securities	$	31,905		$	26,208		$	64,120		$	30,523
DENOMINATOR
Denominator for basic continuing and discontinued earnings per common share attributable to Brown Shoe Company, Inc. shareholders	42,144			41,447			42,035			41,288
Dilutive effect of share-based awards for continuing operations and discontinued operations	184			319			210			283
Denominator for diluted continuing and discontinued earnings per common share attributable to Brown Shoe Company, Inc. shareholders	42,328			41,766			42,245			41,571
Basic earnings (loss) per common share:
From continuing operations	$	0.76		$	0.63		$	1.53		$	1.12
From discontinued operations	—			—			—			(0.38		)
Basic earnings per common share attributable to Brown Shoe Company, Inc. shareholders	$	0.76		$	0.63		$	1.53		$	0.74
Diluted earnings (loss) per common share:
From continuing operations	$	0.75		$	0.62		$	1.52		$	1.11
From discontinued operations	—			0.01			—			(0.38		)
Diluted earnings per common share attributable to Brown Shoe Company, Inc. shareholders	$	0.75		$	0.63		$	1.52		$	0.73

Options to purchase 64,497 and 86,247 shares of common stock for the thirteen weeks ended November 1, 2014 and November 2, 2013, respectively, and 64,497 and 214,403 shares of common stock for the thirty-nine weeks ended November 1, 2014 and November 2, 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.