Financial Information For The Company And Its Subsidiaries (Tables)

3 Months Ended

May 02, 2015

Financial Information For The Company And Its Subsidiaries [Abstract]

Schedule Of Condensed Consolidating Balance Sheet

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF MAY 2, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors		Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	8,528	$	413	$	57,389	$	—		$	66,330
Receivables, net	101,968		1,657		22,887		—			126,512
Inventories, net	95,948		396,642		5,923		—			498,513
Prepaid expenses and other current assets	18,820		24,335		4,149		(6,301		)	41,003
Intercompany receivable – current	1,082		432		15,800		(17,314		)	—
Total current assets	226,346		423,479		106,148		(23,615		)	732,358
Other assets	130,781		12,931		597		—			144,309
Goodwill and intangible assets, net	117,226		16,431		—		—			133,657
Property and equipment, net	34,186		117,144		2,020		—			153,350
Investment in subsidiaries	998,697		219,134		—		(1,217,831		)	—
Intercompany receivable – noncurrent	431,964		601,993		268,758		(1,302,715		)	—
Total assets	$	1,939,200	$	1,391,112	$	377,523	$	(2,544,161	)	$	1,163,674
Liabilities and Equity
Current liabilities
Trade accounts payable	$	8,381	$	141,613	$	22,122	$	—		$	172,116
Other accrued expenses	66,040		91,553		7,408		(6,301		)	158,700
Intercompany payable – current	2,034		237		15,043		(17,314		)	—
Total current liabilities	76,455		233,403		44,573		(23,615		)	330,816
Other liabilities
Long-term debt	199,244		—		—		—			199,244
Other liabilities	41,212		37,890		192		—			79,294
Intercompany payable – noncurrent	1,068,815		121,122		112,778		(1,302,715		)	—
Total other liabilities	1,309,271		159,012		112,970		(1,302,715		)	278,538
Equity
Caleres, Inc. shareholders’ equity	553,474		998,697		219,134		(1,217,831		)	553,474
Noncontrolling interests	—		—		846		—			846
Total equity	553,474		998,697		219,980		(1,217,831		)	554,320
Total liabilities and equity	$	1,939,200	$	1,391,112	$	377,523	$	(2,544,161	)	$	1,163,674

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF MAY 3, 2014
					Non-
($ thousands)	Parent		Guarantors		Guarantors		Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	—	$	25,528	$	11,140	$	—		$	36,668
Receivables, net	83,713		1,412		20,621		—			105,746
Inventories, net	93,159		414,424		5,228		—			512,811
Prepaid expenses and other current assets	34,476		507		2,930		—			37,913
Intercompany receivable – current	981		368		10,655		(12,004		)	—
Total current assets	212,329		442,239		50,574		(12,004		)	693,138
Other assets	120,941		14,678		637		—			136,256
Goodwill and intangible assets, net	119,666		18,084		—		—			137,750
Property and equipment, net	27,303		112,630		1,885		—			141,818
Investment in subsidiaries	879,965		169,843		—		(1,049,808		)	—
Intercompany receivable  –  noncurrent	450,481		500,580		242,150		(1,193,211		)	—
Total assets	$	1,810,685	$	1,258,054	$	295,246	$	(2,255,023	)	$	1,108,962
Liabilities and Equity
Current liabilities
Trade accounts payable	$	48,509	$	123,656	$	23,538	$	—		$	195,703
Other accrued expenses	69,665		64,082		7,971		—			141,718
Intercompany payable – current	2,367		59		9,578		(12,004		)	—
Total current liabilities	120,541		187,797		41,087		(12,004		)	337,421
Other liabilities
Long-term debt	199,057		—		—		—			199,057
Other liabilities	33,499		44,745		1,469		—			79,713
Intercompany payable – noncurrent	965,515		145,547		82,149		(1,193,211		)	—
Total other liabilities	1,198,071		190,292		83,618		(1,193,211		)	278,770
Equity
Caleres, Inc. shareholders’ equity	492,073		879,965		169,843		(1,049,808		)	492,073
Noncontrolling interests	—		—		698		—			698
Total equity	492,073		879,965		170,541		(1,049,808		)	492,771
Total liabilities and equity	$	1,810,685	$	1,258,054	$	295,246	$	(2,255,023	)	$	1,108,962

CONDENSED CONSOLIDATING BALANCE SHEET
AS OF JANUARY 31, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors		Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	13,891	$	8,770	$	44,742	$	—		$	67,403
Receivables, net	89,030		5,398		42,218		—			136,646
Inventories, net	148,082		386,468		8,553		—			543,103
Prepaid expenses and other current assets	41,494		24,397		5,344		(27,491		)	43,744
Intercompany receivable  – current	1,194		279		8,471		(9,944		)	—
Total current assets	293,691		425,312		109,328		(37,435		)	790,896
Other assets	127,879		13,104		603		—			141,586
Goodwill and intangible assets, net	117,792		16,795		—		—			134,587
Property and equipment, net	29,237		118,525		1,981		—			149,743
Investment in subsidiaries	982,640		200,946		—		(1,183,586		)	—
Intercompany receivable  – noncurrent	459,774		581,594		264,673		(1,306,041		)	—
Total assets	$	2,011,013	$	1,356,276	$	376,585	$	(2,527,062	)	$	1,216,812
Liabilities and Equity
Current liabilities
Trade accounts payable	$	60,377	$	117,899	$	37,645	$	—		$	215,921
Other accrued expenses	106,682		94,108		7,863		(27,491		)	181,162
Intercompany payable – current	4,948		361		4,635		(9,944		)	—
Total current liabilities	172,007		212,368		50,143		(37,435		)	397,083
Other liabilities
Long-term debt	199,197		—		—		—			199,197
Other liabilities	41,847		36,869		194		—			78,910
Intercompany payable – noncurrent	1,057,052		124,399		124,590		(1,306,041		)	—
Total other liabilities	1,298,096		161,268		124,784		(1,306,041		)	278,107
Equity
Caleres, Inc. shareholders’ equity	540,910		982,640		200,946		(1,183,586		)	540,910
Noncontrolling interests	—		—		712		—			712
Total equity	540,910		982,640		201,658		(1,183,586		)	541,622
Total liabilities and equity	$	2,011,013	$	1,356,276	$	376,585	$	(2,527,062	)	$	1,216,812

Schedule Of Condensed Consolidating Statement Of Comprehensive Income (Loss)

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED MAY 2, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	192,351		$	391,793		$	43,462		$	(25,323	)	$	602,283
Cost of goods sold	137,594			206,772			31,773			(22,382		)	353,757
Gross profit	54,757			185,021			11,689			(2,941		)	248,526
Selling and administrative expenses	52,976			159,710			8,445			(2,941		)	218,190
Operating earnings	1,781			25,311			3,244			—			30,336
Interest expense	(4,462		)	(1		)	—			—			(4,463		)
Interest income	251			11			42			—			304
Intercompany interest income (expense)	3,678			(3,794		)	116			—			—
Earnings before income taxes	1,248			21,527			3,402			—			26,177
Income tax benefit (provision)	1,684			(7,848		)	(622		)	—			(6,786		)
Equity in earnings of subsidiaries, net of tax	16,329			2,650			—			(18,979		)	—
Net earnings	19,261			16,329			2,780			(18,979		)	19,391
Less: Net earnings attributable to noncontrolling interests	—			—			130			—			130
Net earnings attributable to Caleres, Inc.	$	19,261		$	16,329		$	2,650		$	(18,979	)	$	19,261
Comprehensive income	$	20,217		$	17,054		$	2,838		$	(19,758	)	$	20,351
Less: Comprehensive income attributable to noncontrolling interests	—			—			134			—			134
Comprehensive income attributable to Caleres, Inc.	$	20,217		$	17,054		$	2,704		$	(19,758	)	$	20,217

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED MAY 3, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	179,160		$	401,580		$	40,165		$	(29,743	)	$	591,162
Cost of goods sold	127,466			218,366			29,191			(26,202		)	348,821
Gross profit	51,694			183,214			10,974			(3,541		)	242,341
Selling and administrative expenses	49,197			159,967			7,992			(3,541		)	213,615
Operating earnings	2,497			23,247			2,982			—			28,726
Interest expense	(5,305		)	(1		)	—			—			(5,306		)
Interest income	1			59			16			—			76
Intercompany interest income (expense)	3,974			(4,079		)	105			—			—
Earnings before income taxes	1,167			19,226			3,103			—			23,496
Income tax benefit (provision)	464			(7,954		)	(530		)	—			(8,020		)
Equity in earnings of subsidiaries, net of tax	13,798			2,526			—			(16,324		)	—
Net earnings	15,429			13,798			2,573			(16,324		)	15,476
Less: Net earnings attributable to noncontrolling interests	—			—			47			—			47
Net earnings attributable to Caleres, Inc.	$	15,429		$	13,798		$	2,526		$	(16,324	)	$	15,429
Comprehensive income	$	15,918		$	14,355		$	2,520		$	(16,840	)	$	15,953
Less: Comprehensive income attributable to noncontrolling interests	—			—			35			—			35
Comprehensive income attributable to Caleres, Inc.	$	15,918		$	14,355		$	2,485		$	(16,840	)	$	15,918

Schedule Of Condensed Consolidating Statement Of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THIRTEEN WEEKS ENDED MAY 2, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(5,418	)	$	18,086		$	9,246		$	—	$	21,914
Investing activities
Purchases of property and equipment	(2,435		)	(10,321		)	(149		)	—		(12,905		)
Capitalized software	(750		)	(205		)	—			—		(955		)
Intercompany investing	(151		)	151			—			—		—
Net cash used for investing activities	(3,336		)	(10,375		)	(149		)	—		(13,860		)
Financing activities
Borrowings under revolving credit agreement	86,000			—			—			—		86,000
Repayments under revolving credit agreement	(86,000		)	—			—			—		(86,000		)
Dividends paid	(3,073		)	—			—			—		(3,073		)
Acquisition of treasury stock	(4,921		)	—			—			—		(4,921		)
Issuance of common stock under share-based plans, net	(3,751		)	—			—			—		(3,751		)
Tax benefit related to share-based plans	2,401			—			—			—		2,401
Intercompany financing	12,735			(16,285		)	3,550			—		—
Net cash provided by (used for) financing activities	3,391			(16,285		)	3,550			—		(9,344		)
Effect of exchange rate changes on cash and cash equivalents	—			217			—			—		217
(Decrease) increase in cash and cash equivalents	(5,363		)	(8,357		)	12,647			—		(1,073		)
Cash and cash equivalents at beginning of period	13,891			8,770			44,742			—		67,403
Cash and cash equivalents at end of period	$	8,528		$	413		$	57,389		$	—	$	66,330

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THIRTEEN WEEKS ENDED MAY 3, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(3,343	)	$	25,854		$	13,872		$	—	$	36,383
Investing activities
Purchases of property and equipment	(1,866		)	(5,411		)	(104		)	—		(7,381		)
Capitalized software	(1,171		)	(43		)	(31		)	—		(1,245		)
Acquisition of trademarks	(65,065		)	—			—			—		(65,065		)
Intercompany investing	(533		)	533			—			—		—
Net cash used for investing activities	(68,635		)	(4,921		)	(135		)	—		(73,691		)
Financing activities
Borrowings under revolving credit agreement	251,000			—			—			—		251,000
Repayments under revolving credit agreement	(258,000		)	—			—			—		(258,000		)
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
Intercompany financing	81,065			(25,924		)	(55,141		)	—		—
Net cash provided by (used for) financing activities	71,978			(25,924		)	(55,141		)	—		(9,087		)
Effect of exchange rate changes on cash and cash equivalents	—			517			—			—		517
Decrease in cash and cash equivalents	—			(4,474		)	(41,404		)	—		(45,878		)
Cash and cash equivalents at beginning of period	—			30,002			52,544			—		82,546
Cash and cash equivalents at end of period	$	—		$	25,528		$	11,140		$	—	$	36,668