Business Segment Information

9 Months Ended

Oct. 31, 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 October 31, 2015 and November 1, 2014.  

	Famous Footwear		Brand Portfolio
($ thousands)					Other			Total
Thirteen Weeks Ended October 31, 2015
External sales	$	456,177	$	272,462	$	—		$	728,639
Intersegment sales	—		21,004		—			21,004
Operating earnings (loss)	39,638		21,042		(8,457		)	52,223
Segment assets	541,232		515,699		203,352			1,260,283
Thirteen Weeks Ended November 1, 2014
External sales	$	449,085	$	280,192	$	—		$	729,277
Intersegment sales	—		26,970		—			26,970
Operating earnings (loss)	37,405		27,642		(11,834		)	53,213
Segment assets	541,574		525,695		142,591			1,209,860
Thirty-nine Weeks Ended October 31, 2015
External sales	$	1,212,069	$	756,687	$	—		$	1,968,756
Intersegment sales	—		71,292		—			71,292
Operating earnings (loss)	95,269		48,107		(25,083		)	118,293
Thirty-nine Weeks Ended November 1, 2014
External sales	$	1,219,880	$	736,436	$	—		$	1,956,316
Intersegment sales	—		83,654		—			83,654
Operating earnings (loss)	89,659		56,342		(32,760		)	113,241

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						Thirty-nine Weeks Ended
($ thousands)	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
Operating earnings	$	52,223		$	53,213		$	118,293		$	113,241
Interest expense	(4,136		)	(5,207		)	(12,944		)	(15,637		)
Loss on early extinguishment of debt	(1,961		)	—			(10,651		)	—
Interest income	224			109			766			294
Earnings before income taxes	$	46,350		$	48,115		$	95,464		$	97,898