Financial Information For The Company And Its Subsidiaries (Tables)

9 Months Ended

Oct. 31, 2015

Financial Information For The Company And Its Subsidiaries [Abstract]

Schedule Of Condensed Consolidating Balance Sheet

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF NOVEMBER 1, 2014
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	—	$	—	$	39,080		$	—		$	39,080
Receivables, net	115,520		1,413		21,284			—			138,217
Inventories, net	128,709		402,048		37,020			—			567,777
Prepaid expenses and other current assets	10,278		20,839		6,728			—			37,845
Intercompany receivable – current	466		521		15,487			(16,474		)	—
Total current assets	254,973		424,821		119,599			(16,474		)	782,919
Other assets	117,472		13,609		8,797			—			139,878
Goodwill and intangible assets, net	118,416		2,800		14,558			—			135,774
Property and equipment, net	28,000		112,047		11,242			—			151,289
Investment in subsidiaries	914,450		—		(19,785		)	(894,665		)	—
Intercompany receivable  –  noncurrent	407,970		289,222		487,316			(1,184,508		)	—
Total assets	$	1,841,281	$	842,499	$	621,727		$	(2,095,647	)	$	1,209,860
Liabilities and Equity
Current liabilities
Borrowings under revolving credit agreement	$	14,000	$	—	$	—		$	—		$	14,000
Trade accounts payable	53,944		123,889		25,229			—			203,062
Other accrued expenses	68,124		85,358		18,595			—			172,077
Intercompany payable – current	2,803		—		13,671			(16,474		)	—
Total current liabilities	138,871		209,247		57,495			(16,474		)	389,139
Other liabilities
Long-term debt	199,150		—		—			—			199,150
Other liabilities	35,986		37,846		6,722			—			80,554
Intercompany payable – noncurrent	927,020		38,407		219,081			(1,184,508		)	—
Total other liabilities	1,162,156		76,253		225,803			(1,184,508		)	279,704
Equity
Caleres, Inc. shareholders’ equity	540,254		556,999		337,666			(894,665		)	540,254
Noncontrolling interests	—		—		763			—			763
Total equity	540,254		556,999		338,429			(894,665		)	541,017
Total liabilities and equity	$	1,841,281	$	842,499	$	621,727		$	(2,095,647	)	$	1,209,860

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	$	—	$	53,512		$	—		$	67,403
Receivables, net	89,030		5,398		42,218			—			136,646
Inventories, net	148,082		376,254		18,767			—			543,103
Prepaid expenses and other current assets	41,494		20,777		8,964			(27,491		)	43,744
Intercompany receivable  – current	1,194		—		8,750			(9,944		)	—
Total current assets	293,691		402,429		132,211			(37,435		)	790,896
Other assets	113,922		13,733		13,931			—			141,586
Goodwill and intangible assets, net	117,792		2,800		13,995			—			134,587
Property and equipment, net	29,237		109,720		10,786			—			149,743
Investment in subsidiaries	956,831		—		(18,909		)	(937,922		)	—
Intercompany receivable  – noncurrent	459,774		306,871		539,396			(1,306,041		)	—
Total assets	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812
Liabilities and Equity
Current liabilities
Trade accounts payable	$	60,377	$	114,208	$	41,336		$	—		$	215,921
Other accrued expenses	110,714		85,638		12,301			(27,491		)	181,162
Intercompany payable – current	4,948		—		4,996			(9,944		)	—
Total current liabilities	176,039		199,846		58,633			(37,435		)	397,083
Other liabilities
Long-term debt	199,197		—		—			—			199,197
Other liabilities	41,847		32,574		4,489			—			78,910
Intercompany payable – noncurrent	1,013,254		21,078		271,709			(1,306,041		)	—
Total other liabilities	1,254,298		53,652		276,198			(1,306,041		)	278,107
Equity
Caleres, Inc. shareholders’ equity	540,910		582,055		355,867			(937,922		)	540,910
Noncontrolling interests	—		—		712			—			712
Total equity	540,910		582,055		356,579			(937,922		)	541,622
Total liabilities and equity	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF OCTOBER 31, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	48,711	$	3,999	$	33,588		$	—		$	86,298
Receivables, net	122,291		1,502		24,399			—			148,192
Inventories, net	134,353		388,177		21,811			—			544,341
Prepaid expenses and other current assets	12,440		23,729		4,646			—			40,815
Intercompany receivable – current	267		117		11,455			(11,839		)	—
Total current assets	318,062		417,524		95,899			(11,839		)	819,646
Other assets	123,167		16,102		6,108			—			145,377
Goodwill and intangible assets, net	116,114		2,800		12,904			—			131,818
Property and equipment, net	32,943		120,633		9,866			—			163,442
Investment in subsidiaries	1,012,191		—		(19,114		)	(993,077		)	—
Intercompany receivable – noncurrent	404,904		355,069		537,551			(1,297,524		)	—
Total assets	$	2,007,381	$	912,128	$	643,214		$	(2,302,440	)	$	1,260,283
Liabilities and Equity
Current liabilities
Trade accounts payable	$	56,536	$	126,638	$	17,077		$	—		$	200,251
Other accrued expenses	60,936		100,913		13,800			—			175,649
Intercompany payable – current	2,884		—		8,955			(11,839		)	—
Total current liabilities	120,356		227,551		39,832			(11,839		)	375,900
Other liabilities
Long-term debt	200,000		—		—			—			200,000
Other liabilities	46,368		33,712		2,448			—			82,528
Intercompany payable – noncurrent	1,039,654		37,932		219,938			(1,297,524		)	—
Total other liabilities	1,286,022		71,644		222,386			(1,297,524		)	282,528
Equity
Caleres, Inc. shareholders’ equity	601,003		612,933		380,144			(993,077		)	601,003
Noncontrolling interests	—		—		852			—			852
Total equity	601,003		612,933		380,996			(993,077		)	601,855
Total liabilities and equity	$	2,007,381	$	912,128	$	643,214		$	(2,302,440	)	$	1,260,283

Schedule Of Condensed Consolidating Statement Of Comprehensive Income (Loss)

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
THIRTY-NINE WEEKS ENDED OCTOBER 31, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	617,512		$	1,272,367		$	195,228		$	(116,351	)	$	1,968,756
Cost of goods sold	444,301			698,799			118,480			(92,579		)	1,169,001
Gross profit	173,211			573,568			76,748			(23,772		)	799,755
Selling and administrative expenses	172,906			484,565			47,763			(23,772		)	681,462
Operating earnings	305			89,003			28,985			—			118,293
Interest expense	(12,943		)	(1		)	—			—			(12,944		)
Loss on early extinguishment of debt	(10,651		)	—			—			—			(10,651		)
Interest income	642			—			124			—			766
Intercompany interest income (expense)	10,549			(10,720		)	171			—			—
(Loss) earnings before income taxes	(12,098		)	78,282			29,280			—			95,464
Income tax benefit (provision)	4,621			(26,479		)	(3,360		)	—			(25,218		)
Equity in earnings of subsidiaries, net of tax	77,546			—			(205		)	(77,341		)	—
Net earnings	70,069			51,803			25,715			(77,341		)	70,246
Less: Net earnings attributable to noncontrolling interests	—			—			177			—			177
Net earnings attributable to Caleres, Inc.	$	70,069		$	51,803		$	25,538		$	(77,341	)	$	70,069
Comprehensive income	$	70,355		$	51,966		$	25,843		$	(77,669	)	$	70,495
Less: Comprehensive income attributable to noncontrolling interests	—			—			140			—			140
Comprehensive income attributable to Caleres, Inc.	$	70,355		$	51,966		$	25,703		$	(77,669	)	$	70,355

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
THIRTY-NINE WEEKS ENDED NOVEMBER 1, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	596,364		$	1,253,507		$	237,464		$	(131,019	)	$	1,956,316
Cost of goods sold	429,633			692,287			151,869			(110,186		)	1,163,603
Gross profit	166,731			561,220			85,595			(20,833		)	792,713
Selling and administrative expenses	168,914			474,421			56,970			(20,833		)	679,472
Operating (loss) earnings	(2,183		)	86,799			28,625			—			113,241
Interest expense	(15,636		)	(1		)	—			—			(15,637		)
Interest income	19			—			275			—			294
Intercompany interest income (expense)	11,410			(11,316		)	(94		)	—			—
(Loss) earnings before income taxes	(6,390		)	75,482			28,806			—			97,898
Income tax benefit (provision)	2,714			(29,540		)	(4,320		)	—			(31,146		)
Equity in earnings (loss) of subsidiaries, net of tax	70,282			—			(840		)	(69,442		)	—
Net earnings	66,606			45,942			23,646			(69,442		)	66,752
Less: Net earnings attributable to noncontrolling interests	—			—			146			—			146
Net earnings attributable to Caleres, Inc.	$	66,606		$	45,942		$	23,500		$	(69,442	)	$	66,606
Comprehensive income	$	65,487		$	45,550		$	23,207		$	(68,657	)	$	65,587
Less: Comprehensive income attributable to noncontrolling interests	—			—			100			—			100
Comprehensive income attributable to Caleres, Inc.	$	65,487		$	45,550		$	23,107		$	(68,657	)	$	65,487

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED OCTOBER 31, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	228,351		$	476,462		$	59,078		$	(35,252	)	$	728,639
Cost of goods sold	161,958			271,445			33,954			(27,152		)	440,205
Gross profit	66,393			205,017			25,124			(8,100		)	288,434
Selling and administrative expenses	59,708			168,255			16,348			(8,100		)	236,211
Operating earnings	6,685			36,762			8,776			—			52,223
Interest expense	(4,136		)	—			—			—			(4,136		)
Loss on early extinguishment of debt	(1,961		)	—			—			—			(1,961		)
Interest income	194			—			30			—			224
Intercompany interest income (expense)	3,440			(3,527		)	87			—			—
Earnings before income taxes	4,222			33,235			8,893			—			46,350
Income tax provision	(714		)	(10,889		)	(755		)	—			(12,358		)
Equity in earnings (loss) of subsidiaries, net of tax	30,475			—			(583		)	(29,892		)	—
Net earnings	33,983			22,346			7,555			(29,892		)	33,992
Less: Net earnings attributable to noncontrolling interests	—			—			9			—			9
Net earnings attributable to Caleres, Inc.	$	33,983		$	22,346		$	7,546		$	(29,892	)	$	33,983
Comprehensive income	$	33,957		$	22,397		$	7,567		$	(29,995	)	$	33,926
Less: Comprehensive loss attributable to noncontrolling interests	—			—			(31		)	—			(31		)
Comprehensive income attributable to Caleres, Inc.	$	33,957		$	22,397		$	7,598		$	(29,995	)	$	33,957

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED NOVEMBER 1, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	233,606		$	458,177		$	78,532		$	(41,038	)	$	729,277
Cost of goods sold	165,734			258,668			48,713			(34,568		)	438,547
Gross profit	67,872			199,509			29,819			(6,470		)	290,730
Selling and administrative expenses	62,568			163,637			17,782			(6,470		)	237,517
Operating earnings	5,304			35,872			12,037			—			53,213
Interest expense	(5,207		)	—			—			—			(5,207		)
Interest income	6			—			103			—			109
Intercompany interest income (expense)	3,608			(3,596		)	(12		)	—			—
Earnings before income taxes	3,711			32,276			12,128			—			48,115
Income tax benefit (provision)	566			(12,311		)	(3,133		)	—			(14,878		)
Equity in earnings (loss) of subsidiaries, net of tax	28,836			—			(634		)	(28,202		)	—
Net earnings	33,113			19,965			8,361			(28,202		)	33,237
Less: Net earnings attributable to noncontrolling interests	—			—			124			—			124
Net earnings attributable to Caleres, Inc.	$	33,113		$	19,965		$	8,237		$	(28,202	)	$	33,113
Comprehensive income	$	32,014		$	19,023		$	7,390		$	(26,320	)	$	32,107
Less: Comprehensive income attributable to noncontrolling interests	—			—			93			—			93
Comprehensive income attributable to Caleres, Inc.	$	32,014		$	19,023		$	7,297		$	(26,320	)	$	32,014

Schedule Of Condensed Consolidating Statement Of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THIRTY-NINE WEEKS ENDED NOVEMBER 1, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(31,942	)	$	68,773		$	31,671		$	—	$	68,502
Investing activities
Purchases of property and equipment	(5,145		)	(27,341		)	(4,045		)	—		(36,531		)
Capitalized software	(3,787		)	(32		)	(30		)	—		(3,849		)
Acquisition of trademarks	(65,065		)	—			—			—		(65,065		)
Investment in nonconsolidated affiliate	—			—			(7,000		)	—		(7,000		)
Intercompany investing	(717		)	(202		)	919			—		—
Net cash used for investing activities	(74,714		)	(27,575		)	(10,156		)	—		(112,445		)
Financing activities
Borrowings under revolving credit agreement	741,000			—			—			—		741,000
Repayments under revolving credit agreement	(734,000		)	—			—			—		(734,000		)
Dividends paid	(9,173		)	—			—			—		(9,173		)
Issuance of common stock under share-based plans, net	237			—			—			—		237
Tax benefit related to share-based plans	2,482			—			—			—		2,482
Intercompany financing	106,110			(41,198		)	(64,912		)	—		—
Net cash provided by (used for) financing activities	106,656			(41,198		)	(64,912		)	—		546
Effect of exchange rate changes on cash and cash equivalents	—			—			(69		)	—		(69		)
Decrease in cash and cash equivalents	—			—			(43,466		)	—		(43,466		)
Cash and cash equivalents at beginning of period	—			—			82,546			—		82,546
Cash and cash equivalents at end of period	$	—		$	—		$	39,080		$	—	$	39,080

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THIRTY-NINE WEEKS ENDED OCTOBER 31, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(34,602	)	$	81,599		$	37,053		$	—	$	84,050
Investing activities
Purchases of property and equipment	(12,838		)	(33,292		)	(1,214		)	—		(47,344		)
Proceeds from disposal of property and equipment	7,111			—			322			—		7,433
Capitalized software	(3,775		)	(1,647		)	—			—		(5,422		)
Intercompany investing	(356		)	356			—			—		—
Net cash used for investing activities	(9,858		)	(34,583		)	(892		)	—		(45,333		)
Financing activities
Borrowings under revolving credit agreement	117,000			—			—			—		117,000
Repayments under revolving credit agreement	(117,000		)	—			—			—		(117,000		)
Proceeds from issuance of 2023 senior notes	200,000			—			—			—		200,000
Redemption of 2019 senior notes	(200,000		)	—			—			—		(200,000		)
Debt issuance costs	(3,650		)	—			—			—		(3,650		)
Dividends paid	(9,195		)	—			—			—		(9,195		)
Acquisition of treasury stock	(4,921		)	—			—			—		(4,921		)
Issuance of common stock under share-based plans, net	(4,606		)	—			—			—		(4,606		)
Tax benefit related to share-based plans	3,049			—			—			—		3,049
Intercompany financing	98,603			(43,017		)	(55,586		)	—		—
Net cash provided by (used for) financing activities	79,280			(43,017		)	(55,586		)	—		(19,323		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(499		)	—		(499		)
Increase (decrease) in cash and cash equivalents	34,820			3,999			(19,924		)	—		18,895
Cash and cash equivalents at beginning of period	13,891			—			53,512			—		67,403
Cash and cash equivalents at end of period	$	48,711		$	3,999		$	33,588		$	—	$	86,298