Business Segment Information

9 Months Ended

Nov. 01, 2014

Segment Reporting [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 November 1, 2014 and November 2, 2013.  All financial measures below exclude discontinued operations. 

	Famous		Wholesale		Specialty
($ thousands)	Footwear		Operations		Retail			Other			Total
Thirteen Weeks Ended November 1, 2014
External sales	$	435,380	$	242,562	$	51,335		$	—		$	729,277
Intersegment sales	552		39,852		—			—			40,404
Operating earnings (loss)	37,554		27,848		(355		)	(11,834		)	53,213
Segment assets - continuing operations	529,608		479,855		57,806			142,591			1,209,860
Thirteen Weeks Ended November 2, 2013
External sales	$	439,605	$	205,269	$	57,914		$	—		$	702,788
Intersegment sales	543		51,343		—			—			51,886
Operating earnings (loss)	37,047		16,782		221			(9,382		)	44,668
Segment assets - continuing operations	485,217		379,249		93,747			128,517			1,086,730
Thirty-nine Weeks Ended November 1, 2014
External sales	$	1,183,633	$	628,616	$	144,067		$	—		$	1,956,316
Intersegment sales	1,611		125,110		—			—			126,721
Operating earnings (loss)	91,983		60,851		(6,833		)	(32,760		)	113,241
Thirty-nine Weeks Ended November 2, 2013
External sales	$	1,180,143	$	567,334	$	165,673		$	—		$	1,913,150
Intersegment sales	1,753		152,276		—			—			154,029
Operating earnings (loss)	95,057		28,085		(2,934		)	(31,770		)	88,438

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						Thirty-nine Weeks Ended
($ thousands)	November 1, 2014			November 2, 2013			November 1, 2014			November 2, 2013
Operating earnings	$	53,213		$	44,668		$	113,241		$	88,438
Interest expense	(5,207		)	(5,254		)	(15,637		)	(16,167		)
Interest income	109			132			294			282
Earnings before income taxes from continuing operations	$	48,115		$	39,546		$	97,898		$	72,553