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Earnings Per Share
 6 Months Ended
Jul. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Note 3
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 July 30, 2016 and August 1, 2015:
 
 
Thirteen Weeks Ended
Twenty-six Weeks Ended
($ thousands, except per share amounts)
July 30, 2016

August 1, 2015

July 30, 2016

August 1, 2015

NUMERATOR
 

 

 

 

Net earnings
$
19,679

$
16,863

$
37,557

$
36,254

Net loss (earnings) attributable to noncontrolling interests
89

(38
)
(6
)
(168
)
Net earnings allocated to participating securities
(523
)
(544
)
(1,014
)
(1,195
)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities
$
19,245

$
16,281

$
36,537

$
34,891

 
 
 
 
 
DENOMINATOR
 

 

 

 

Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders
42,043

42,325

42,238

42,319

Dilutive effect of share-based awards
142

123

151

136

Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders
42,185

42,448

42,389

42,455


 
 
 
 
Basic earnings per common share attributable to Caleres, Inc. shareholders
$
0.46

$
0.38

$
0.87

$
0.82


 
 
 
 
Diluted earnings per common share attributable to Caleres, Inc. shareholders
$
0.46

$
0.38

$
0.86

$
0.82


 
Options to purchase 66,165 shares of common stock for the thirteen and twenty-six weeks ended July 30, 2016 and 61,497 shares of common stock for the thirteen and twenty-six weeks ended August 1, 2015 were not included in the denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders because the effect would be anti-dilutive.

The Company repurchased 450,000 and 900,000 shares during the thirteen and twenty-six weeks ended July 30, 2016, respectively, under the publicly announced share repurchase program, which permits repurchases of up to 2.5 million shares. During the twenty-six weeks ended August 1, 2015, 151,500 shares were repurchased. As of July 30, 2016, the Company has repurchased a total of 1.1 million shares at a cost of $28.1 million.