Business Segment Information

6 Months Ended

Aug. 01, 2015

Segment Reporting [Abstract]

Business Segment Information

Note 6 Business Segment Information

During the fourth quarter of 2014, following the sale of Shoes.com, the Company revised its reportable segments. This change reflects the Company's omnichannel approach to managing its branded footwear business across all distribution channels.

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended August 1, 2015 and August 2, 2014.  

	Famous Footwear		Brand Portfolio
($ thousands)					Other			Total
Thirteen Weeks Ended August 1, 2015
External sales	$	395,873	$	241,961	$	—		$	637,834
Intersegment sales	—		32,962		—			32,962
Operating earnings (loss)	27,672		16,005		(7,943		)	35,734
Segment assets	608,353		540,582		278,538			1,427,473
Thirteen Weeks Ended August 2, 2014
External sales	$	404,069	$	231,808	$	—		$	635,877
Intersegment sales	—		36,134		—			36,134
Operating earnings (loss)	25,524		17,497		(11,719		)	31,302
Segment assets	597,262		555,042		136,778			1,289,082
Twenty-six Weeks Ended August 1, 2015
External sales	$	755,893	$	484,224	$	—		$	1,240,117
Intersegment sales	—		50,288		—			50,288
Operating earnings (loss)	55,632		27,065		(16,627		)	66,070
Twenty-six Weeks Ended August 2, 2014
External sales	$	770,795	$	456,244	$	—		$	1,227,039
Intersegment sales	—		56,684		—			56,684
Operating earnings (loss)	52,254		28,700		(20,926		)	60,028

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:   

	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands)	August 1, 2015			August 2, 2014			August 1, 2015			August 2, 2014
Operating earnings	$	35,734		$	31,302		$	66,070		$	60,028
Interest expense	(4,345		)	(5,125		)	(8,808		)	(10,431		)
Loss on early extinguishment of debt	(8,690		)	—			(8,690		)	—
Interest income	238			109			542			185
Earnings before income taxes	$	22,937		$	26,286		$	49,114		$	49,782