Earnings (Loss) Per Share

9 Months Ended

Oct. 31, 2015



Note 4	Earnings Per Share

The Company uses the two-class method to compute basic and diluted earnings per common share attributable to Caleres, Inc. shareholders. In periods of net loss, no effect is given to the Company’s participating securities since they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted earnings per common share attributable to Caleres, Inc. shareholders for the periods ended October 31, 2015 and November 1, 2014:



	Thirteen Weeks Ended						Thirty-nine Weeks Ended
($ thousands, except per share amounts)	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
NUMERATOR
Net earnings	$	33,992		$	33,237		$	70,246		$	66,752
Net earnings attributable to noncontrolling interests	(9		)	(124		)	(177		)	(146		)
Net earnings allocated to participating securities	(1,063		)	(1,208		)	(2,272		)	(2,486		)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$	32,920		$	31,905		$	67,797		$	64,120

DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	42,345			42,144			42,483			42,035
Dilutive effect of share-based awards	120			184			132			210
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	42,465			42,328			42,615			42,245

Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.78		$	0.76		$	1.60		$	1.53

Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.78		$	0.75		$	1.59		$	1.52

Options to purchase 56,997 shares of common stock for the thirteen and thirty-nine weeks ended October 31, 2015 and 64,497 shares of common stock for the thirteen and thirty-nine weeks ended November 1, 2014 were not included in the denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders because the effect would be anti-dilutive.