10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549 

FORM 10-Q 

(Mark One)

[X]	Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  For the quarterly period ended July 29, 2017
[  ]	Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  For the transition period from  _____________  to  _____________

Commission file number: 1-2191 

CALERES, INC. (Exact name of registrant as specified in its charter)
New York (State or other jurisdiction of incorporation or organization)	43-0197190 (IRS Employer Identification Number)
8300 Maryland Avenue St. Louis, Missouri (Address of principal executive offices)	63105 (Zip Code)
(314) 854-4000 (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  þ No¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes  þ   No¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company," and "emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer þ	Accelerated filer ¨
Non-accelerated filer ¨ (Do not check if a smaller reporting company)	Smaller reporting company ¨
	Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). 

Yes  ¨    Noþ

As ofAugust 25, 2017, 42,965,855 common shares were outstanding.

1

INDEX

PART I		Page
Item 1	Financial Statements	3
Item 2	Management's Discussion and Analysis of Financial Condition and Results of Operations	33
Item 3	Quantitative and Qualitative Disclosures About Market Risk	44
Item 4	Controls and Procedures	44
PART II
Item 1	Legal Proceedings	45
Item 1A	Risk Factors	45
Item 2	Unregistered Sale of Equity Securities and Use of Proceeds	45
Item 3	Defaults Upon Senior Notes	46
Item 4	Mine Safety Disclosures	46
Item 5	Other Information	46
Item 6	Exhibits	47
	Signature	48

2

PART I FINANCIAL INFORMATION

ITEM 1 FINANCIAL STATEMENTS

CALERES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
	(Unaudited)
($ thousands)	July 29, 2017			July 30, 2016			January 28, 2017
Assets
Current assets:
Cash and cash equivalents	$	52,942		$	165,729		$	55,332
Receivables, net	143,616			144,309			153,121
Inventories, net	722,005			648,881			585,764
Prepaid expenses and other current assets	36,972			30,190			49,528
Total current assets	955,535			989,109			843,745
Other assets	69,589			115,448			68,574
Goodwill	127,081			13,954			127,098
Intangible assets, net	214,114			115,106			216,660
Property and equipment	539,732			489,638			531,104
Allowance for depreciation	(321,894		)	(302,862		)	(311,908		)
Property and equipment, net	217,838			186,776			219,196
Total assets	$	1,584,157		$	1,420,393		$	1,475,273
Liabilities and Equity
Current liabilities:
Borrowings under revolving credit agreement	$	35,000		$	—		$	110,000
Trade accounts payable	402,812			358,751			266,370
Other accrued expenses	170,499			142,085			151,225
Total current liabilities	608,311			500,836			527,595
Other liabilities:
Long-term debt	197,233			196,774			197,003
Deferred rent	52,227			47,452			51,124
Other liabilities	85,212			60,566			85,065
Total other liabilities	334,672			304,792			333,192
Equity:
Common stock	430			429			430
Additional paid-in capital	124,851			119,241			121,537
Accumulated other comprehensive loss	(28,051		)	(5,375		)	(30,434		)
Retained earnings	542,499			499,492			521,584
Total Caleres, Inc. shareholders’ equity	639,729			613,787			613,117
Noncontrolling interests	1,445			978			1,369
Total equity	641,174			614,765			614,486
Total liabilities and equity	$	1,584,157		$	1,420,393		$	1,475,273

See notes tocondensedconsolidated financial statements.

3

CALERES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
	(Unaudited)
	Thirteen Weeks Ended						Twenty-Six Weeks Ended
($ thousands, except per share amounts)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Net sales	$	676,954		$	622,937		$	1,308,463		$	1,207,670
Cost of goods sold	389,493			363,382			750,094			700,322
Gross profit	287,461			259,555			558,369			507,348
Selling and administrative expenses	253,500			227,297			497,575			446,347
Restructuring and other special charges, net	2,865			—			3,973			—
Operating earnings	31,096			32,258			56,821			61,001
Interest expense	(4,637		)	(3,479		)	(9,681		)	(7,089		)
Interest income	262			310			497			557
Earnings before income taxes	26,721			29,089			47,637			54,469
Income tax provision	(9,047		)	(9,410		)	(15,079		)	(16,912		)
Net earnings	17,674			19,679			32,558			37,557
Net earnings (loss) attributable to noncontrolling interests	79			(89		)	61			6
Net earnings attributable to Caleres, Inc.	$	17,595		$	19,768		$	32,497		$	37,551
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.41		$	0.46		$	0.76		$	0.87
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.41		$	0.46		$	0.75		$	0.86
Dividends per common share	$	0.07		$	0.07		$	0.14		$	0.14

See notes tocondensedconsolidated financial statements.

4

CALERES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
	(Unaudited)
	Thirteen Weeks Ended						Twenty-Six Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016			July 29, 2017		July 30, 2016
Net earnings	$	17,674		$	19,679		$	32,558	$	37,557
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	1,820			(804		)	1,280		1,506
Pension and other postretirement benefits adjustments	309			(288		)	727		(576		)
Derivative financial instruments	(402		)	(229		)	376		(441		)
Other comprehensive income (loss), net of tax	1,727			(1,321		)	2,383		489
Comprehensive income	19,401			18,358			34,941		38,046
Comprehensive income (loss) attributable to noncontrolling interests	99			(120		)	76		(10		)
Comprehensive income attributable to Caleres, Inc.	$	19,302		$	18,478		$	34,865	$	38,056

See notes tocondensedconsolidated financial statements.

5

CALERES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
	(Unaudited)
	Twenty-six Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016
Operating Activities
Net earnings	$	32,558		$	37,557
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	22,874			18,325
Amortization of capitalized software	7,243			6,366
Amortization of intangible assets	2,046			1,839
Amortization of debt issuance costs and debt discount	864			864
Share-based compensation expense	5,804			4,329
Excess tax benefit related to share-based plans	—			(3,248		)
Loss on disposal of property and equipment	471			519
Impairment charges for property and equipment	2,119			536
Deferred rent	1,103			946
Provision for doubtful accounts	294			105
Changes in operating assets and liabilities:
Receivables	9,211			9,301
Inventories	(134,465		)	(101,032		)
Prepaid expenses and other current and noncurrent assets	8,158			24,799
Trade accounts payable	136,108			120,949
Accrued expenses and other liabilities	19,399			(14,353		)
Other, net	493			762
Net cash provided by operating activities	114,280			108,564
Investing Activities
Purchases of property and equipment	(24,251		)	(27,443		)
Capitalized software	(3,152		)	(3,778		)
Net cash used for investing activities	(27,403		)	(31,221		)
Financing Activities
Borrowings under revolving credit agreement	400,000			103,000
Repayments under revolving credit agreement	(475,000		)	(103,000		)
Dividends paid	(6,030		)	(6,089		)
Acquisition of treasury stock	(5,993		)	(23,139		)
Issuance of common stock under share-based plans, net	(2,490		)	(4,086		)
Excess tax benefit related to share-based plans	—			3,248
Net cash used for financing activities	(89,513		)	(30,066		)
Effect of exchange rate changes on cash and cash equivalents	246			301
(Decrease) increase in cash and cash equivalents	(2,390		)	47,578
Cash and cash equivalents at beginning of period	55,332			118,151
Cash and cash equivalents at end of period	$	52,942		$	165,729

See notes tocondensedconsolidated financial statements.

6

CALERES, INC. 

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1 Basis of Presentation

The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the United States Securities and Exchange Commission (“SEC”) and reflect all adjustments and accruals of a normal recurring nature, which management believes are necessary to present fairly the financial position, results of operations, comprehensive income and cash flows of Caleres, Inc. (the "Company"). These statements, however, do not include all information and footnotes necessary for a complete presentation of the Company's consolidated financial position, results of operations, comprehensive income and cash flows in conformity with accounting principles generally accepted in the United States. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries, after the elimination of intercompany accounts and transactions. 

The Company’s business is seasonal in nature due to consumer spending patterns, with higher back-to-school and Christmas holiday season sales. Traditionally, the third fiscal quarter accounts for a substantial portion of the Company’s earnings for the year. Interim results may not necessarily be indicative of results which may be expected for any other interim period or for the year as a whole. 

Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications did not affect net earnings attributable to Caleres, Inc. 

For further information, refer to the consolidated financial statements and footnotes included in the Company's Annual Report on Form 10-K for the year ended January 28, 2017.

Note 2 Impact of New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606), and subsequently issued ASU 2015-14 to defer the effective date. Several ASUs to clarify the implementation guidance in ASU 2014-09 have also been issued.  Topic 606 provides a five-step analysis of transactions to determine when and how revenue is recognized, based upon the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2014-09 also requires additional disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.  The ASUs are effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted beginning after December 15, 2016.  Although the ASUs will impact revenue recognition for both of the Company's reportable segments, the impact will be more significant on the Famous Footwear segment, primarily due to the ASUs' required treatment for loyalty programs. The new standard will require a deferral of revenue associated with loyalty points issued under the Company's loyalty program using a relative stand-alone selling price method.

The Company has established an implementation team to develop and execute the plan to adopt the ASUs. The implementation plan, which continues to be executed and refined, includes changes to the Company's accounting policies and practices, systems and controls to support the new revenue recognition and disclosure requirements. The implementation team is currently assessing the impact of the new standard on each of its revenue streams. The Company plans to adopt the ASUs in the first quarter of 2018 using the modified retrospective method. Although the implementation may result in a significant initial adjustment to certain liabilities, including deferred revenue, the adoption of the standard is not anticipated to significantly impact the Company's condensed consolidated statements of earnings on an ongoing basis.

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330), which requires entities to measure inventory at "the lower of cost and net realizable value", simplifying the current guidance under which entities must measure inventory at the lower of cost or market. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Subsequent measurement is unchanged for inventory measured using the last-in, first-out (LIFO) method. The Company adopted the ASU during the first quarter of 2017, which did not have a material impact on the condensed consolidated financial statements.

7

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lessees to recognize most leases on the balance sheet. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 using a modified retrospective approach, with early adoption permitted. The Company has formed an implementation team and is in the process of evaluating its leases and upgrading its accounting systems to comply with the ASU. Due to the large number of retail operating leases to which the Company is a party, the Company anticipates that the impact to its condensed consolidated financial statements upon adoption in the first quarter of 2019 will be material. However, the adoption of the ASU is not expected to trigger non-compliance with any covenant or other restrictions under the provisions of any of the Company’s debt obligations. 

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718), which simplifies accounting for certain aspects of share-based payments to employees, including income taxes, forfeitures and statutory income tax withholding requirements, as well as classification in the statement of cash flows. The Company adopted the ASU during the first quarter of 2017, which had the following impact to the condensed consolidated financial statements:

• The Company recognized excess tax benefits of $1.1 million related to share-based plans during the twenty-six weeks ended July 29, 2017, which are required to be recognized in the statements of earnings on a prospective basis. Prior to the adoption of the ASU, the excess tax benefit related to share-based plans was recorded in additional paid-in-capital.

• The Company elected to adopt the provision of the ASU to account for forfeitures as they occur. This election was applied on a modified retrospective basis, resulting in a net increase to Caleres, Inc. shareholders' equity of $0.4 million.

• The ASU requires cash flows from excess tax benefits related to share-based payments to be reported as operating activities in the condensed consolidated statements of cash flows. The Company elected to adopt this provision on a prospective basis and as a result, the excess tax benefit related to share-based plans for the twenty-six weeks ended July 30, 2016 is presented as a financing activity, while the benefit for the twenty-six weeks ended July 29, 2017 is presented as an operating activity.

In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, which requires the recognition of the income tax effects of intercompany sales and intra-entity transfers of assets, other than inventory, when the transfer occurs. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The ASU will be adopted during the first quarter of 2018 using a modified retrospective approach. While the Company is finalizing its assessment of the impact of this ASU on its condensed consolidated financial statements, the adoption of the ASU is expected to result in a cumulative adjustment to deferred taxes and retained earnings related to intra-entity transfers of intangible assets that occurred prior to adoption.

In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The ASU amends ASC 715, Compensation — Retirement Benefits, to require employers that present a measure of operating income in their statements of earnings to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit, and settlement and curtailment effects, are to be included in non-operating expenses. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Upon adoption of the ASU during the first quarter of 2018, the Company will separately present the components of net periodic benefit cost or income, excluding the service cost component, in non-operating expenses on a retrospective basis. Net periodic benefit income, excluding the service cost component, was $2.7 million and $5.1 million for the thirteen and twenty-six weeks ended July 29, 2017, respectively.

In May 2017, the FASB issued ASU 2017-09, Compensation — Stock Compensation (Topic 718), Scope of Modification Accounting. The ASU clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as a modification. Entities will apply modification accounting if the value, vesting conditions or classification of the award changes. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The guidance will be applied prospectively to awards modified after the Company adopts the ASU in the first quarter of 2018.

8

Note 3 Acquisition

On December 13, 2016, the Company entered into a Stock Purchase Agreement (the "Purchase Agreement") with Apollo Investors, LLC (the "Seller") and Apollo Buyer Holding Company, Inc. (the "Holding Company"), pursuant to which the Company acquired all outstanding capital stock of Allen Edmonds ("Allen Edmonds"). The aggregate purchase price for the Allen Edmonds stock was $259.9 million, net of cash received of $0.7 million. The purchase was funded with cash and funds available under the Company's revolving credit agreement. The operating results of Allen Edmonds have been included in the Company’s condensed consolidated financial statements within the Brand Portfolio segment since December 13, 2016. The assets and liabilities of Allen Edmonds were recorded at their estimated fair values and the excess of the purchase price over the fair value of the assets acquired and liabilities assumed, including identified intangible assets, was recorded as goodwill during the fourth quarter of 2016.

The Company’s purchase price allocation contains uncertainties because it required management to make assumptions and to apply judgment to estimate the fair value of the acquired assets and liabilities. A single estimate of fair value results from a complex series of judgments about future events and uncertainties and relies heavily on estimates and assumptions. The judgments the Company used in estimating the fair values assigned to each class of the acquired assets and assumed liabilities could materially affect the results of its operations. Management estimated the fair value of the assets and liabilities based upon quoted market prices, the carrying value of the acquired assets and widely accepted valuation techniques, including discounted cash flows. Unanticipated events or circumstances may occur, which could affect the accuracy of the Company’s fair value estimates, including assumptions regarding industry economic factors and business strategies. As of July 29, 2017, the purchase price allocation is substantially complete.

During the thirteen weeks ended July 29, 2017, the Company recognized $1.9 million in cost of goods sold ($1.2 million on an after-tax basis, or $0.03 per diluted share) related to the amortization of the inventory fair value adjustment required for purchase accounting. The Company recognized $4.9 million in cost of goods sold ($3.0 million on an after-tax basis, or $0.07 per diluted share) during the twenty-six weeks ended July 29, 2017. As further discussed in Note 5 to the condensed consolidated financial statements, the Company also incurred integration costs during the thirteen and twenty-six weeks ended July 29, 2017.

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 July 29, 2017 and July 30, 2016:

9

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
($ thousands, except per share amounts)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
NUMERATOR
Net earnings	$	17,674		$	19,679		$	32,558		$	37,557
Net (earnings) loss attributable to noncontrolling interests	(79		)	89			(61		)	(6		)
Net earnings allocated to participating securities	(490		)	(523		)	(895		)	(1,014		)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$	17,105		$	19,245		$	31,602		$	36,537
DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	41,783			42,043			41,807			42,238
Dilutive effect of share-based awards	171			142			172			151
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	41,954			42,185			41,979			42,389
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.41		$	0.46		$	0.76		$	0.87
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.41		$	0.46		$	0.75		$	0.86

Options to purchase 16,667 shares of common stock for the thirteen and twenty-six weeks endedJuly 29, 2017 and 66,165 shares of common stock for the thirteen and twenty-six weeks ended July 30, 2016 were not included in the denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders because the effect would be anti-dilutive.

During the thirteen and twenty-six weeks endedJuly 29, 2017, the Company repurchased zero and 225,000 shares, respectively, under the publicly announced share repurchase program, which permits repurchases of up to 2.5 million shares. The Company repurchased 450,000 and 900,000 shares during the thirteen and twenty-six weeks ended July 30, 2016, respectively. As of July 29, 2017, the Company has repurchased a total of 1.3 million shares under this program.

Note5 Restructuring and Other Initiatives

During the thirteen and twenty-six weeks ended July 29, 2017, the Company incurred integration and reorganization costs, primarily for professional fees and severance expense, totaling $2.9 million ($1.9 million on an after-tax basis, or $0.04 per diluted share) and $4.0 million ($2.6 million on an after-tax basis, or $0.06 per diluted share), respectively, related to the men's business. Of the $2.9 million in costs presented as restructuring and other special charges, net in the condensed consolidated statements of earnings for the thirteen weeks ended July 29, 2017, $2.2 million is reflected within the Other category and $0.7 million is reflected within the Brand Portfolio segment. Of the $4.0 million in restructuring and other special charges for the twenty-six weeks ended July 29, 2017, $2.5 million is reflected within the Other category and $1.5 million is reflected within the Brand Portfolio segment. There were no restructuring charges incurred during the thirteen or twenty-six weeks ended July 30, 2016.

10

Note 6 Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended July 29, 2017 and July 30, 2016:  

	Famous Footwear		Brand Portfolio
($ thousands)					Other			Total
Thirteen Weeks Ended July 29, 2017
External sales	$	404,930	$	272,024	$	—		$	676,954
Intersegment sales	—		29,850		—			29,850
Operating earnings (loss)	25,112		15,916		(9,932		)	31,096
Segment assets	636,399		839,674		108,084			1,584,157
Thirteen Weeks Ended July 30, 2016
External sales	$	390,123	$	232,814	$	—		$	622,937
Intersegment sales	—		30,589		—			30,589
Operating earnings (loss)	22,604		17,463		(7,809		)	32,258
Segment assets	644,446		518,636		257,311			1,420,393
Twenty-Six Weeks Ended July 29, 2017
External sales	$	771,424	$	537,039	$	—		$	1,308,463
Intersegment sales	—		44,550		—			44,550
Operating earnings (loss)	45,391		29,230		(17,800		)	56,821
Twenty-Six Weeks Ended July 30, 2016
External sales	$	754,719	$	452,951	$	—		$	1,207,670
Intersegment sales	—		46,152		—			46,152
Operating earnings (loss)	48,358		27,085		(14,442		)	61,001

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)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Operating earnings	$	31,096		$	32,258		$	56,821		$	61,001
Interest expense	(4,637		)	(3,479		)	(9,681		)	(7,089		)
Interest income	262			310			497			557
Earnings before income taxes	$	26,721		$	29,089		$	47,637		$	54,469

Note7 Inventories

The Company's net inventory balance was comprised of the following:

($ thousands)	July 29, 2017		July 30, 2016		January 28, 2017
Raw materials	$	18,951	$	734	$	15,378
Work-in-process	840		—		1,093
Finished goods	702,214		648,147		569,293
Inventories, net	$	722,005	$	648,881	$	585,764

11

Note8 Goodwill and Intangible Assets

Goodwill and intangible assets were as follows:

($ thousands)	July 29, 2017			July 30, 2016			January 28, 2017
Intangible Assets
Famous Footwear	$	2,800		$	2,800		$	2,800
Brand Portfolio	285,988			183,068			286,488
Total intangible assets	288,788			185,868			289,288
Accumulated amortization	(74,674		)	(70,762		)	(72,628		)
Total intangible assets, net	214,114			115,106			216,660
Goodwill
Brand Portfolio	127,081			13,954			127,098
Total goodwill	127,081			13,954			127,098
Goodwill and intangible assets, net	$	341,195		$	129,060		$	343,758

As further described in Note 3 to the condensed consolidated financial statements, the Company acquired Allen Edmonds on December 13, 2016. The allocation of the purchase price resulted in incremental intangible assets of $102.9 million, consisting of trademarks and customer relationships of $97.5 million and $5.4 million, respectively, and incremental goodwill of $113.1 million.

The Company's intangible assets as of July 29, 2017, July 30, 2016 and January 28, 2017 were as follows:

($ thousands)		July 29, 2017
	Estimated Useful Lives	Original Cost			Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,288		$	74,449	$	90,839
Trademarks	Indefinite	118,100		(1)	—		118,100
Customer relationships	15 years	5,400		(1)	225		5,175
		$	288,788		$	74,674	$	214,114

		July 30, 2016
	Estimated Useful Lives	Original Cost		Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,068	$	70,762	$	94,306
Trademarks	Indefinite	20,800		—		20,800
		$	185,868	$	70,762	$	115,106

		January 28, 2017
	Estimated Useful Lives	Original Cost			Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,288		$	72,604	$	92,684
Trademarks	Indefinite	117,900		(1)	—		117,900
Customer relationships	15 years	6,100		(1)	24		6,076
		$	289,288		$	72,628	$	216,660
(1) The Allen Edmonds trademark and customer relationships intangible assets were acquired in the Allen Edmonds acquisition, as further discussed in Note 3 to the condensed consolidated financial statements. Immaterial adjustments attributable to the purchase price allocation were recorded during the thirteen weeks ended April 29, 2017, resulting in an adjustment to the original cost.

Amortization expense related to intangible assets was $1.0 million and $0.9 million for the thirteen weeks ended July 29, 2017 and July 30, 2016, respectively, and $2.0 million and $1.8 million for the twenty-six weeks ended July 29, 2017 and July 30, 2016, respectively.

12

Note9 Shareholders’ Equity

The following tables set forth the changes in Caleres, Inc. shareholders’ equity and noncontrolling interests for the twenty-six weeks ended July 29, 2017 and July 30, 2016:

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests		Total Equity
Equity at January 28, 2017	$	613,117		$	1,369	$	614,486
Net earnings	32,497			61		32,558
Other comprehensive income	2,383			15		2,398
Dividends paid	(6,030		)	—		(6,030		)
Acquisition of treasury stock	(5,993		)	—		(5,993		)
Issuance of common stock under share-based plans, net	(2,490		)	—		(2,490		)
Cumulative-effect adjustment from adoption of ASU 2016-09	441			—		441
Share-based compensation expense	5,804			—		5,804
Equity at July 29, 2017	$	639,729		$	1,445	$	641,174

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests			Total Equity
Equity at January 30, 2016	$	601,484		$	988		$	602,472
Net earnings	37,551			6			37,557
Other comprehensive income (loss)	489			(16		)	473
Dividends paid	(6,089		)	—			(6,089		)
Acquisition of treasury stock	(23,139		)	—			(23,139		)
Issuance of common stock under share-based plans, net	(4,086		)	—			(4,086		)
Excess tax benefit related to share-based plans	3,248			—			3,248
Share-based compensation expense	4,329			—			4,329
Equity at July 30, 2016	$	613,787		$	978		$	614,765

13

Accumulated Other Comprehensive Loss

The following table sets forth the changes in accumulated other comprehensive loss (OCL) by component for the periods ended July 29, 2017 and July 30, 2016:

($ thousands)	Foreign Currency Translation			Pension and Other Postretirement Transactions (1)			Derivative Financial Instrument Transactions (2)			Accumulated Other Comprehensive (Loss) Income
Balance April 29, 2017	$	(348	)	$	(29,666	)	$	236		$	(29,778	)
Other comprehensive income (loss) before reclassifications	1,820			—			(295		)	1,525
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			500			(164		)	336
Tax (benefit) provision	—			(191		)	57			(134		)
Net reclassifications	—			309			(107		)	202
Other comprehensive income (loss)	1,820			309			(402		)	1,727
Balance July 29, 2017	$	1,472		$	(29,357	)	$	(166	)	$	(28,051	)
Balance April 30, 2016	$	1,410		$	(5,644	)	$	180		$	(4,054	)
Other comprehensive loss before reclassifications	(804		)	—			(351		)	(1,155		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			(477		)	190			(287		)
Tax provision (benefit)	—			189			(68		)	121
Net reclassifications	—			(288		)	122			(166		)
Other comprehensive loss	(804		)	(288		)	(229		)	(1,321		)
Balance July 30, 2016	$	606		$	(5,932	)	$	(49	)	$	(5,375	)
Balance January 28, 2017	$	192		$	(30,084	)	$	(542	)	(30,434		)
Other comprehensive income before reclassifications	1,280			—			458			1,738
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			1,179			(117		)	1,062
Tax (benefit) provision	—			(452		)	35			(417		)
Net reclassifications	—			727			(82		)	645
Other comprehensive income	1,280			727			376			2,383
Balance July 29, 2017	$	1,472		$	(29,357	)	$	(166	)	$	(28,051	)
Balance January 30, 2016	$	(900	)	$	(5,356	)	$	392		$	(5,864	)
Other comprehensive income (loss) before reclassifications	1,506			—			(639		)	867
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			(954		)	313			(641		)
Tax provision (benefit)	—			378			(115		)	263
Net reclassifications	—			(576		)	198			(378		)
Other comprehensive income (loss)	1,506			(576		)	(441		)	489
Balance July 30, 2016	$	606		$	(5,932	)	$	(49	)	$	(5,375	)

(1) Amounts reclassified are included in selling and administrative expenses. See Note 11 to the condensed consolidated financial statements for additional information related to pension and other postretirement benefits.

(2) Amounts reclassified are included in net sales, costs of goods sold, selling and administrative expenses and interest expense. See Notes 12 and 13 to the condensed consolidated financial statements for additional information related to derivative financial instruments.

14

Note 10 Share-Based Compensation

The Company recognized share-based compensation expense of $3.1 million and $2.3 million during the thirteen weeks and $5.8 million and $4.3 million during the twenty-six weeks ended July 29, 2017 and July 30, 2016, respectively. In addition to share-based compensation expense, the Company recognized cash-based expense related to performance share units and cash awards granted under the performance share plans of zero and $0.9 million during the thirteen weeks and $0.1 million and $1.5 million during the twenty-six weeks ended July 29, 2017 and July 30, 2016, respectively.

The Company had net repurchases of 12,472 and 5,947 shares of common stock during the thirteen weeks ended July 29, 2017 and July 30, 2016, respectively, for restricted stock grants, stock performance awards issued to employees, stock options exercised and common and restricted stock grants issued to directors, net of forfeitures and shares withheld to satisfy the minimum tax withholding requirement. During the twenty-six weeks ended July 29, 2017 and July 30, 2016, the Company issued 241,886 and 180,825 shares of common stock, respectively, related to these share-based plans.

Restricted Stock 

The following table summarizes restricted stock activity for the periods ended July 29, 2017 and July 30, 2016:

	Thirteen Weeks Ended					Thirteen Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
April 29, 2017	1,217,334		$	27.96	April 30, 2016	1,150,749		$	25.38
Granted	4,492		27.83		Granted	13,800		24.85
Forfeited	(17,500	)	28.56		Forfeited	(19,250	)	26.59
Vested	(10,000	)	18.80		Vested	(6,000	)	11.72
July 29, 2017	1,194,326		$	28.03	July 30, 2016	1,139,299		$	25.42
	Twenty-Six Weeks Ended					Twenty-Six Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
January 28, 2017	1,128,049		$	25.85	January 30, 2016	1,262,449		$	19.55
Granted	356,312		26.91		Granted	350,600		26.57
Forfeited	(30,000	)	27.75		Forfeited	(48,500	)	22.94
Vested	(260,035	)	17.07		Vested	(425,250	)	9.22
July 29, 2017	1,194,326		$	28.03	July 30, 2016	1,139,299		$	25.42

All of the restricted shares granted during the thirteen weeks ended July 29, 2017 have a cliff-vesting term of one year. Of the 356,312 restricted shares granted during the twenty-six weeks ended July 29, 2017, 4,492 shares have a cliff-vesting term of one year, 12,000 shares have a graded-vesting term of four years and 339,820 shares have a cliff-vesting term of four years. All of the restricted shares granted during the thirteen and twenty-six weeks ended July 30, 2016 have a cliff-vesting term of four years. Share-based compensation expense is recognized on a straight-line basis over the respective vesting periods.

Performance Share Awards

During the thirteen weeks ended July 29, 2017 and July 30, 2016, the Company granted no performance share awards. During the twenty-six weeks ended July 29, 2017 and July 30, 2016, the Company granted performance share awards for a targeted 169,500 and 159,000 shares, respectively with a weighted-average grant date fair value of $26.90 and $26.64, respectively. Vesting of performance-based awards is dependent upon the financial performance of the Company and the attainment of certain financial goals during the three-year period following the grant. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of the specified financial goals for

15

the service period. Compensation expense is recognized based on the fair value of the award and the anticipated number of shares or units to be awarded for each tranche in accordance with the vesting schedule of the units over the three-year service period. The performance share units are settled in cash and their fair value is based on the unadjusted quoted market price for the Company’s common stock on each measurement date. During the first quarter of 2017, the Company's remaining performance share awards granted in units vested and were settled in cash at fair value. Refer to Note 13 to the condensed consolidated financial statements for further discussion regarding performance share units.

Stock Options

The following table summarizes stock option activity for the periods ended July 29, 2017 and July 30, 2016:

	Thirteen Weeks Ended					Thirteen Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Stock Options					Total Number of Stock Options
April 29, 2017	97,292		$	6.39	April 30, 2016	229,105		$	8.99
Granted	—		—		Granted	—		—
Exercised	(5,250	)	5.93		Exercised	(6,315	)	9.28
Forfeited	—		—		Forfeited	—		—
Expired	—		—		Expired	—		—
July 29, 2017	92,042		$	6.42	July 30, 2016	222,790		$	8.98
	Twenty-Six Weeks Ended					Twenty-Six Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Stock Options					Total Number of Stock Options
January 28, 2017	150,540		$	9.36	January 30, 2016	301,295		$	8.95
Granted	—		—		Granted	—		—
Exercised	(11,250	)	5.74		Exercised	(56,381	)	7.41
Forfeited	—		—		Forfeited	(7,499	)	15.94
Expired	(47,248	)	15.94		Expired	(14,625	)	10.75
July 29, 2017	92,042		$	6.42	July 30, 2016	222,790		$	8.98

Restricted Stock Units for Non-Employee Directors

Equity-based grants may be made to non-employee directors in the form of cash-equivalent restricted stock units ("RSUs"). The RSUs earn dividend equivalents at the same rate as dividends on the Company's common stock. The dividend equivalents, which vest immediately, are automatically re-invested in additional RSUs. Expense is recognized at fair value when the dividend equivalents are granted. The Company granted 45,830 and 53,310 RSUs to non-employee directors, including 910 and 1,110 RSUs for dividend equivalents, during the thirteen weeks ended July 29, 2017 and July 30, 2016, respectively, with weighted-average grant date fair values of $27.84 and $21.62, respectively. The Company granted 46,712 and 54,163 RSUs, including 1,792 and 1,963 RSUs for dividend equivalents, during the twenty-six weeks ended July 29, 2017 and July 30, 2016, respectively, with weighted-average grant date fair values of $27.81 and $21.72, respectively.

16

Note11 Retirement and Other Benefit Plans

The following table sets forth the components of net periodic benefit income for the Company, including domestic and Canadian plans:

	Pension Benefits						Other Postretirement Benefits
	Thirteen Weeks Ended						Thirteen Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Service cost	$	2,383		$	1,904		$	—		$	—
Interest cost	3,727			3,810			16			15
Expected return on assets	(6,913		)	(7,252		)	—			—
Amortization of:
Actuarial loss (gain)	996			39			(35		)	(55		)
Prior service income	(461		)	(461		)	—			—
Settlement cost	—			250			—			—
Total net periodic benefit income	$	(268	)	$	(1,710	)	$	(19	)	$	(40	)
	Pension Benefits						Other Postretirement Benefits
	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Service cost	$	4,850		$	4,167		$	—		$	—
Interest cost	7,474			7,671			34			30
Expected return on assets	(13,793		)	(14,475		)	—			—
Amortization of:
Actuarial loss (gain)	2,148			77			(73		)	(110		)
Prior service income	(896		)	(921		)	—			—
Settlement cost	—			250			—			—
Total net periodic benefit income	$	(217	)	$	(3,231	)	$	(39	)	$	(80	)

17

Note 12 Risk Management and Derivatives

In the normal course of business, the Company’s financial results are impacted by currency rate movements in foreign currency denominated assets, liabilities and cash flows as it makes a portion of its purchases and sales in local currencies. The Company has established policies and business practices that are intended to mitigate a portion of the effect of these exposures. The Company uses derivative financial instruments, primarily forward contracts, to manage its currency exposures. These derivative financial instruments are viewed as risk management tools and are not used for trading or speculative purposes. Derivatives entered into by the Company are designated as cash flow hedges of forecasted foreign currency transactions. 

Derivative financial instruments expose the Company to credit and market risk. The market risk associated with these instruments resulting from currency exchange movements is expected to offset the market risk of the underlying transactions being hedged. The Company does not believe there is a significant risk of loss in the event of non-performance by the counterparties associated with these instruments because these transactions are executed with major international financial institutions and have varying maturities through August 2018. Credit risk is managed through the continuous monitoring of exposures to such counterparties. 

The Company’s hedging strategy uses forward contracts as cash flow hedging instruments, which are recorded in the Company's condensed consolidated balance sheets at fair value. The effective portion of gains and losses resulting from changes in the fair value of these hedge instruments are deferred in accumulated other comprehensive loss and reclassified to earnings in the period that the hedged transaction is recognized in earnings.

Hedge ineffectiveness is evaluated using the hypothetical derivative method. The amount of hedge ineffectiveness for the thirteen and twenty-six weeks ended July 29, 2017 and July 30, 2016 was not material. 

As of July 29, 2017, July 30, 2016 and January 28, 2017, the Company had forward contracts maturing at various dates through August 2018, July 2017 and February 2018, respectively. The contract amounts in the following table represent the net notional amount of all purchase and sale contracts of a foreign currency. 

(U.S. $ equivalent in thousands)	July 29, 2017		July 30, 2016		January 28, 2017
Financial Instruments
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	$	18,110	$	17,404	$	18,826
Euro	14,725		13,544		13,297
Chinese yuan	11,887		12,477		7,723
New Taiwanese dollars	567		522		526
United Arab Emirates dirham	254		939		823
Japanese yen	176		1,026		769
Other currencies	14		174		124
Total financial instruments	$	45,733	$	46,086	$	42,088

The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of July 29, 2017, July 30, 2016 and January 28, 2017 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange forward contracts:
July 29, 2017	Prepaid expenses and other current assets	$	918	Other accrued expenses	$	1,083
July 30, 2016	Prepaid expenses and other current assets	365		Other accrued expenses	565
January 28, 2017	Prepaid expenses and other current assets	234		Other accrued expenses	874

18

For the periods ended July 29, 2017 and July 30, 2016, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings was as follows:

	Thirteen Weeks Ended					Thirteen Weeks Ended
($ thousands)	July 29, 2017					July 30, 2016
Foreign exchange forward contracts: Income Statement Classification (Losses) Gains - Realized	Loss Recognized in OCL on Derivatives			Gain Reclassified from Accumulated OCL into Earnings		(Loss) Gain Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(8	)	$	6	$	(25	)	$	(36	)
Cost of goods sold	(55		)	158		(472		)	33
Selling and administrative expenses	(194		)	—		(75		)	(187		)
Interest expense	(14		)	—		14			—

	Twenty-Six Weeks Ended						Twenty-Six Weeks Ended
($ thousands)	July 29, 2017						July 30, 2016
Foreign exchange forward contracts: Income Statement Classification (Losses) Gains - Realized	(Loss) Gain Recognized in OCL on Derivatives			Gain (Loss) Reclassified from Accumulated OCL into Earnings			Loss Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(40	)	$	24		$	(189	)	$	(72	)
Cost of goods sold	737			161			(585		)	116
Selling and administrative expenses	117			(67		)	(24		)	(357		)
Interest expense	(10		)	(1		)	(24		)	—

All gains and losses currently included within accumulated other comprehensive loss associated with the Company’s foreign exchange forward contracts are expected to be reclassified into net earnings within the next 12 months. Additional information related to the Company’s derivative financial instruments are disclosed within Note 13 to the condensed consolidated financial statements. 

Note 13 Fair Value Measurements

Fair Value Hierarchy

Fair value measurement disclosure requirements specify a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (“observable inputs”) or reflect the Company’s own assumptions of market participant valuation (“unobservable inputs”). In accordance with the fair value guidance, the inputs to valuation techniques used to measure fair value are categorized into three levels based on the reliability of the inputs as follows: 

• Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;

• Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly; and

• Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

19

In determining fair value, the Company uses valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk in its assessment of fair value. Classification of the financial or non-financial asset or liability within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. 

Measurement of Fair Value

The Company measures fair value as an exit price, the price to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date, using the procedures described below for all financial and non-financial assets and liabilities measured at fair value. 

Money Market Funds

The Company has cash equivalents consisting of short-term money market funds backed by U.S. Treasury securities. The primary objective of these investing activities is to preserve the Company’s capital for the purpose of funding operations and it does not enter into money market funds for trading or speculative purposes. The fair value is based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1). 

Deferred Compensation Plan Assets and Liabilities 

The Company maintains a non-qualified deferred compensation plan (the “Deferred Compensation Plan”) for the benefit of certain management employees. The investment funds offered to the participants generally correspond to the funds offered in the Company’s 401(k) plan, and the account balance fluctuates with the investment returns on those funds. The Deferred Compensation Plan permits the deferral of up to 50% of base salary and 100% of compensation received under the Company’s annual incentive plan. The deferrals are held in a separate trust, which has been established by the Company to administer the Deferred Compensation Plan. The assets of the trust are subject to the claims of the Company’s creditors in the event that the Company becomes insolvent. Consequently, the trust qualifies as a grantor trust for income tax purposes (i.e., a “Rabbi Trust”). The liabilities of the Deferred Compensation Plan are presented in other accrued expenses and the assets held by the trust are classified as trading securities within prepaid expenses and other current assets in the accompanying condensed consolidated balance sheets. Changes in deferred compensation plan assets and liabilities are charged to selling and administrative expenses. The fair value is based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1). 

Deferred Compensation Plan for Non-Employee Directors

Non-employee directors are eligible to participate in a deferred compensation plan with deferred amounts valued as if invested in the Company’s common stock through the use of phantom stock units (“PSUs”). Under the plan, each participating director’s account is credited with the number of PSUs equal to the number of shares of the Company’s common stock that the participant could purchase or receive with the amount of the deferred compensation, based upon the average of the high and low prices of the Company’s common stock on the last trading day of the fiscal quarter when the cash compensation was earned. Dividend equivalents are paid on PSUs at the same rate as dividends on the Company’s common stock and are re-invested in additional PSUs at the next fiscal quarter-end. The liabilities of the plan are based on the fair value of the outstanding PSUs and are presented in other accrued expenses (current portion) or other liabilities in the accompanying condensed consolidated balance sheets. Gains and losses resulting from changes in the fair value of the PSUs are presented in selling and administrative expenses in the Company’s condensed consolidated statements of earnings. The fair value of each PSU is based on an unadjusted quoted market price for the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1). 

Restricted Stock Units for Non-Employee Directors

Under the Company’s incentive compensation plans, cash-equivalent restricted stock units (“RSUs”) of the Company may be granted at no cost to non-employee directors. The RSUs are subject to a vesting requirement (usually one year), earn dividend-equivalent units, and are settled in cash on the date the director terminates service or such earlier date as a director may elect, subject to restrictions, based on the then current fair value of the Company’s common stock. The fair value of each RSU is based on an unadjusted quoted market price for the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1).  Additional information related to RSUs for non-employee directors is disclosed in Note 10 to the condensed consolidated financial statements.

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Performance Share Units

Under the Company’s incentive compensation plans, common stock or cash may be awarded at the end of the performance period at no cost to certain officers and key employees if certain financial goals are met. Under the plan, employees are granted performance share awards at a target number of shares or units, which generally vest over a three-year service period. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of specified financial goals for the service period. The fair value of each performance share unit is based on an unadjusted quoted market price of the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1).  During the first quarter of 2017, the Company's remaining performance share awards granted in units vested and were settled in cash at fair value.

Derivative Financial Instruments

The Company uses derivative financial instruments, primarily foreign exchange contracts, to reduce its exposure to market risks from changes in foreign exchange rates. These foreign exchange contracts are measured at fair value using quoted forward foreign exchange prices from counterparties corroborated by market-based pricing (Level 2). Additional information related to the Company’s derivative financial instruments is disclosed in Note 12 to the condensed consolidated financial statements. 

Secured Convertible Note

The Companyreceived a secured convertible note as partial consideration for the 2014 disposition of Shoes.com, and the convertible note was measured at fair value using unobservable inputs (Level 3). During the fourth quarter of 2016, the convertible note was fully impaired.

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at July 29, 2017, July 30, 2016 and January 28, 2017. The Company did not have any transfers between Level 1, Level 2 or Level 3 during the twenty-six weeks ended July 29, 2017 or July 30, 2016.   

				Fair Value Measurements
($ thousands)	Total			Level 1			Level 2			Level 3
Asset (Liability)
July 29, 2017:
Cash equivalents – money market funds	$	16,163		$	16,163		$	—		$	—
Non-qualified deferred compensation plan assets	5,637			5,637			—			—
Non-qualified deferred compensation plan liabilities	(5,637		)	(5,637		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,154		)	(2,154		)	—			—
Restricted stock units for non-employee directors	(9,088		)	(9,088		)	—			—
Derivative financial instruments, net	(165		)	—			(165		)	—
July 30, 2016:
Cash equivalents – money market funds	$	132,320		$	132,320		$	—		$	—
Non-qualified deferred compensation plan assets	4,637			4,637			—			—
Non-qualified deferred compensation plan liabilities	(4,637		)	(4,637		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,705		)	(1,705		)	—			—
Restricted stock units for non-employee directors	(9,060		)	(9,060		)	—			—
Performance share units	(2,347		)	(2,347		)	—			—
Derivative financial instruments, net	(200		)	—			(200		)	—
Secured convertible note	7,190			—			—			7,190
January 28, 2017:
Cash equivalents – money market funds	$	27,530		$	27,530		$	—		$	—
Non-qualified deferred compensation plan assets	5,051			5,051			—			—
Non-qualified deferred compensation plan liabilities	(5,051		)	(5,051		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,909		)	(1,909		)	—			—
Restricted stock units for non-employee directors	(9,390		)	(9,390		)	—			—
Performance share units	(3,352		)	(3,352		)	—			—
Derivative financial instruments, net	(640		)	—			(640		)	—

21

Impairment Charges

The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers important that could trigger an impairment review include underperformance relative to expected historical or projected future operating results, a significant change in the manner of the use of the asset, or a negative industry or economic trend. When the Company determines that the carrying value of long-lived assets may not be recoverable based upon the existence of one or more of the aforementioned factors, impairment is measured based on a projected discounted cash flow method. Certain factors, such as estimated store sales and expenses, used for this nonrecurring fair value measurement are considered Level 3 inputs as defined by FASB ASC 820, Fair Value Measurement. Long-lived assets held and used with a carrying amount of $114.6 million and $96.6 million at July 29, 2017 and July 30, 2016, respectively, were assessed for indicators of impairment and written down to their fair value. This assessment resulted in the following impairment charges, primarily for leasehold improvements and furniture and fixtures in the Company's retail stores, which were included in selling and administrative expenses for the respective periods.

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
($ thousands)	July 29, 2017		July 30, 2016		July 29, 2017		July 30, 2016
Impairment Charges
Famous Footwear	$	150	$	—	$	300	$	134
Brand Portfolio	1,020		225		1,819		402
Total impairment charges	$	1,170	$	225	$	2,119	$	536

Fair Value of the Company’s Other Financial Instruments

The fair values of cash and cash equivalents (excluding money market funds discussed above), receivables and trade accounts payable approximate their carrying values due to the short-term nature of these instruments.

The carrying amounts and fair values of the Company's other financial instruments subject to fair value disclosures are as follows:

	July 29, 2017				July 30, 2016				January 28, 2017
	Carrying		Fair		Carrying		Fair		Carrying		Fair
($ thousands)	Value		Value		Value		Value		Value		Value
Borrowings under revolving credit agreement	$	35,000	$	35,000	$	—	$	—	$	110,000	$	110,000
Long-term debt	197,233		209,500		196,774		205,500		197,003		209,000
Total debt	$	232,233	$	244,500	$	196,774	$	205,500	$	307,003	$	319,000

The fair value of borrowings under revolving credit agreement approximates its carrying value due to its short-term nature (Level 1). The fair value of the Company’s long-term debt was based upon quoted prices in an inactive market as of the end of the respective periods (Level 2).

Note 14 Income Taxes

The Company’s effective tax rate can vary considerably from period to period, depending on a number of factors.  The Company’s consolidated effective tax rates were 33.9% and 32.3%, respectively, for the thirteen weeks ended July 29, 2017 and July 30, 2016. During the thirteen weeks ended July 30, 2016, the Company recognized a discrete tax benefit of $0.2 million, reflecting the settlement of a federal tax audit issue. If the discrete tax benefit had not been recognized during the thirteen weeks ended July 30, 2016, the Company's effective tax rate would have been 33.0%. Excluding the discrete tax item, the Company's tax rate is higher for the thirteen weeks ended July 29, 2017, reflecting a lower mix of international earnings in our lowest tax rate jurisdictions.

For the twenty-six weeks ended July 29, 2017 and July 30, 2016, the Company's consolidated effective tax rates were 31.7% and 31.0%, respectively. As a result of the adoption of ASU 2016-09 during the first quarter of 2017, which requires prospective recognition of excess tax benefits and deficiencies in the statement of earnings, the Company recognized a discrete tax benefit of $1.1 million related to share-based compensation. Discrete tax benefits of $0.9 million were recognized during the twenty-six weeks ended July 30, 2016, reflecting the settlement of a federal tax audit issue. If these discrete tax benefits had not been recognized during the twenty-six weeks ended July 29, 2017 and July 30, 2016, the Company's effective tax rates would

22

have been 33.9% and 32.7%, respectively. Excluding the discrete tax items, the Company's tax rate is higher for the twenty-six weeks ended July 29, 2017, reflecting a lower mix of international earnings in our lowest tax rate jurisdictions.

Note 15 Related Party Transactions

C. banner International Holdings Limited

The Company has a joint venture agreement with a subsidiary of C. banner International Holdings Limited (“CBI”) to market Naturalizer footwear in China. The Company is a 51% owner of the joint venture (“B&H Footwear”), with CBI owning the other 49%. The license enabling the joint venture to market the footwear expired in August 2017 and the parties are in the process of dissolving their joint venture arrangements. B&H Footwear sold Naturalizer footwear to a retail affiliate of CBI on a wholesale basis, which in turn sold the Naturalizer products through department store shops and free-standing stores in China.  The Company, through its consolidated subsidiary, B&H Footwear, sold Naturalizer footwear on a wholesale basis to CBI totaling $1.6 million and $3.8 million for the thirteen and twenty-six weeks ended July 30, 2016, respectively, with no corresponding sales during 2017.

Note 16 Commitments and Contingencies

Environmental Remediation

Prior operations included numerous manufacturing and other facilities for which the Company may have responsibility under various environmental laws for the remediation of conditions that may be identified in the future. The Company is involved in environmental remediation and ongoing compliance activities at several sites and has been notified that it is or may be a potentially responsible party at several other sites.

Redfield

The Company is remediating, under the oversight of Colorado authorities, the groundwater and indoor air at its owned facility in Colorado (the “Redfield site” or, when referring to remediation activities at or under the facility, the “on-site remediation”) and residential neighborhoods adjacent to and near the property (the “off-site remediation”) that have been affected by solvents previously used at the facility. The on-site remediation calls for the operation of a pump and treat system (which prevents migration of contaminated groundwater off the property) as the final remedy for the site, subject to monitoring and periodic review of the on-site conditions and other remedial technologies that may be developed in the future. In May 2016, the Company submitted a revised plan to address on-site conditions, including direct treatment of source areas, and received approval from the oversight authorities to begin implementing the revised plan.

As the treatment of the on-site source areas progresses, the Company expects to convert the pump and treat system to a passive treatment barrier system. Off-site groundwater concentrations have been reducing over time since installation of the pump and treat system in 2000 and injection of clean water beginning in 2003. However, localized areas of contaminated bedrock just beyond the property line continue to impact off-site groundwater. The modified work plan for addressing this condition includes converting the off-site bioremediation system into a monitoring well network and employing different remediation methods in these recalcitrant areas. In accordance with the work plan, a pilot test was conducted of certain groundwater remediation methods and the results of that test were used to develop more detailed plans for remedial activities in the off-site areas, which were approved by the authorities and are being implemented in a phased manner. The results of groundwater monitoring are being used to evaluate the effectiveness of these activities. In 2014, the Company submitted a proposed expanded remedy work plan that was accepted by the oversight authorities during 2015. The Company continues to implement the expanded remedy work plan.

The cumulative expenditures for both on-site and off-site remediation through July 29, 2017 were $29.5 million. The Company has recovered a portion of these expenditures from insurers and other third parties. The reserve for the anticipated future remediation activities at July 29, 2017 is $9.5 million, of which $8.6 million is recorded within other liabilities and $0.9 million is recorded within other accrued expenses. Of the total $9.5 million reserve, $4.5 million is for on-site remediation and $5.0 million is for off-site remediation. The liability for the on-site remediation was discounted at 4.8%. On an undiscounted basis, the on-site remediation liability would be $14.5 million as of July 29, 2017. The Company expects to spend approximately $0.5 million in the next fiscal year, $0.1 million in each of the following four years and $13.6 million in the aggregate thereafter related to the on-site remediation.

Other

Various federal and state authorities have identified the Company as a potentially responsible party for remediation at certain other sites. However, the Company does not currently believe that its liability for such sites, if any, would be material.

23

The Company continues to evaluate its estimated costs in conjunction with its environmental consultants and records its best estimate of such liabilities. However, future actions and the associated costs are subject to oversight and approval of various governmental authorities. Accordingly, the ultimate costs may vary, and it is possible costs may exceed the recorded amounts.

Litigation

The Company is involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management, the outcome of such ordinary course of business proceedings and litigation currently pending is not expected to have a material adverse effect on the Company’s results of operations or financial position. Legal costs associated with litigation are generally expensed as incurred.

Note 17 Financial Information for the Company and its Subsidiaries

The Company issued senior notes, which are fully and unconditionally and jointly and severally guaranteed by all of its existing and future subsidiaries that are guarantors under our revolving credit facility ("Credit Agreement"). The following tables present the condensed consolidating financial information for each of Caleres, Inc. (“Parent”), the Guarantors, and subsidiaries of the Parent that are not Guarantors (the “Non-Guarantors”), together with consolidating eliminations, as of and for the periods indicated. Guarantors are 100% owned by the Parent. On December 13, 2016, Allen Edmonds was joined to the Credit Agreement as a guarantor. After giving effect to the joinder, the Company is the lead borrower, and Sidney Rich Associates, Inc., BG Retail, LLC and Allen Edmonds are each co-borrowers and guarantors under the Credit Agreement.

The condensed consolidating financial statements have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information. Management believes that the information, presented in lieu of complete financial statements for each of the Guarantors, provides meaningful information to allow investors to determine the nature of the assets held by, and operations and cash flows of, each of the consolidated groups.

24

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
JULY 29, 2017
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	12,712	$	20,638	$	19,592		$	—		$	52,942
Receivables, net	117,672		5,670		20,274			—			143,616
Inventories, net	174,839		516,704		30,462			—			722,005
Prepaid expenses and other current assets	23,944		14,463		7,466			(8,901		)	36,972
Intercompany receivable – current	845		134		25,056			(26,035		)	—
Total current assets	330,012		557,609		102,850			(34,936		)	955,535
Other assets	51,273		17,432		884			—			69,589
Goodwill and intangible assets, net	112,221		40,937		188,037			—			341,195
Property and equipment, net	32,428		172,802		12,608			—			217,838
Investment in subsidiaries	1,263,829		—		(22,724		)	(1,241,105		)	—
Intercompany receivable – noncurrent	745,812		519,304		669,176			(1,934,292		)	—
Total assets	$	2,535,575	$	1,308,084	$	950,831		$	(3,210,333	)	$	1,584,157
Liabilities and Equity
Current liabilities
Borrowings under revolving credit agreement	$	35,000	$	—	$	—		$	—		$	35,000
Trade accounts payable	124,675		247,169		30,968			—			402,812
Other accrued expenses	72,364		87,425		19,611			(8,901		)	170,499
Intercompany payable – current	14,523		—		11,512			(26,035		)	—
Total current liabilities	246,562		334,594		62,091			(34,936		)	608,311
Other liabilities
Long-term debt	197,233		—		—			—			197,233
Other liabilities	91,645		40,810		4,984			—			137,439
Intercompany payable – noncurrent	1,360,406		119,152		454,734			(1,934,292		)	—
Total other liabilities	1,649,284		159,962		459,718			(1,934,292		)	334,672
Equity
Caleres, Inc. shareholders’ equity	639,729		813,528		427,577			(1,241,105		)	639,729
Noncontrolling interests	—		—		1,445			—			1,445
Total equity	639,729		813,528		429,022			(1,241,105		)	641,174
Total liabilities and equity	$	2,535,575	$	1,308,084	$	950,831		$	(3,210,333	)	$	1,584,157

25

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	194,305		$	482,645		$	63,175		$	(63,171	)	$	676,954
Cost of goods sold	137,659			270,548			32,543			(51,257		)	389,493
Gross profit	56,646			212,097			30,632			(11,914		)	287,461
Selling and administrative expenses	60,363			190,444			14,607			(11,914		)	253,500
Restructuring and other special charges, net	2,661			37			167			—			2,865
Operating (loss) earnings	(6,378		)	21,616			15,858			—			31,096
Interest expense	(4,634		)	(3		)	—			—			(4,637		)
Interest income	85			—			177			—			262
Intercompany interest income (expense)	2,021			(2,189		)	168			—			—
(Loss) earnings before income taxes	(8,906		)	19,424			16,203			—			26,721
Income tax benefit (provision)	2,926			(8,053		)	(3,920		)	—			(9,047		)
Equity in earnings of subsidiaries, net of tax	23,575			—			271			(23,846		)	—
Net earnings	17,595			11,371			12,554			(23,846		)	17,674
Less: Net earnings attributable to noncontrolling interests	—			—			79			—			79
Net earnings attributable to Caleres, Inc.	$	17,595		$	11,371		$	12,475		$	(23,846	)	$	17,595
Comprehensive income	$	19,302		$	11,371		$	13,302		$	(24,574	)	$	19,401
Less: Comprehensive income attributable to noncontrolling interests	—			—			99			—			99
Comprehensive income attributable to Caleres, Inc.	$	19,302		$	11,371		$	13,203		$	(24,574	)	$	19,302

26

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	388,745		$	910,184		$	101,220		$	(91,686	)	$	1,308,463
Cost of goods sold	270,510			502,334			51,073			(73,823		)	750,094
Gross profit	118,235			407,850			50,147			(17,863		)	558,369
Selling and administrative expenses	112,787			372,791			29,860			(17,863		)	497,575
Restructuring and other special charges, net	3,769			37			167			—			3,973
Operating earnings	1,679			35,022			20,120			—			56,821
Interest expense	(9,669		)	(12		)	—			—			(9,681		)
Interest income	173			—			324			—			497
Intercompany interest income (expense)	4,104			(4,513		)	409			—			—
(Loss) earnings before income taxes	(3,713		)	30,497			20,853			—			47,637
Income tax benefit (provision)	1,839			(11,928		)	(4,990		)	—			(15,079		)
Equity in earnings (loss) of subsidiaries, net of tax	34,371			—			(777		)	(33,594		)	—
Net earnings	32,497			18,569			15,086			(33,594		)	32,558
Less: Net earnings attributable to noncontrolling interests	—			—			61			—			61
Net earnings attributable to Caleres, Inc.	$	32,497		$	18,569		$	15,025		$	(33,594	)	$	32,497
Comprehensive income	$	34,865		$	18,569		$	15,755		$	(34,248	)	$	34,941
Less: Comprehensive income attributable to noncontrolling interests	—			—			76			—			76
Comprehensive income attributable to Caleres, Inc.	$	34,865		$	18,569		$	15,679		$	(34,248	)	$	34,865

27

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(15,328	)	$	95,828		$	33,780		$	—	$	114,280
Investing activities
Purchases of property and equipment	(3,722		)	(17,762		)	(2,767		)	—		(24,251		)
Capitalized software	(2,686		)	(466		)	—			—		(3,152		)
Intercompany investing	(19,894		)	197,599			(177,705		)	—		—
Net cash (used for) provided by investing activities	(26,302		)	179,371			(180,472		)	—		(27,403		)
Financing activities
Borrowings under revolving credit agreement	400,000			—			—			—		400,000
Repayments under revolving credit agreement	(475,000		)	—			—			—		(475,000		)
Dividends paid	(6,030		)	—			—			—		(6,030		)
Acquisition of treasury stock	(5,993		)	—			—			—		(5,993		)
Issuance of common stock under share-based plans, net	(2,490		)	—			—			—		(2,490		)
Intercompany financing	119,856			(263,590		)	143,734			—		—
Net cash provided by (used for) financing activities	30,343			(263,590		)	143,734			—		(89,513		)
Effect of exchange rate changes on cash and cash equivalents	—			—			246			—		246
(Decrease) increase in cash and cash equivalents	(11,287		)	11,609			(2,712		)	—		(2,390		)
Cash and cash equivalents at beginning of period	23,999			9,029			22,304			—		55,332
Cash and cash equivalents at end of period	$	12,712		$	20,638		$	19,592		$	—	$	52,942

28

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
JULY 30, 2016
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	44,348	$	15,673	$	105,708		$	—		$	165,729
Receivables, net	112,384		1,787		30,138			—			144,309
Inventories, net	159,285		467,691		21,905			—			648,881
Prepaid expenses and other current assets	13,641		11,479		5,070			—			30,190
Intercompany receivable – current	743		213		21,263			(22,219		)	—
Total current assets	330,401		496,843		184,084			(22,219		)	989,109
Other assets	93,839		13,728		7,881			—			115,448
Goodwill and intangible assets, net	114,446		2,800		11,814			—			129,060
Property and equipment, net	31,087		146,373		9,316			—			186,776
Investment in subsidiaries	1,055,300		—		(20,569		)	(1,034,731		)	—
Intercompany receivable  –  noncurrent	479,611		374,047		559,593			(1,413,251		)	—
Total assets	$	2,104,684	$	1,033,791	$	752,119		$	(2,470,201	)	$	1,420,393
Liabilities and Equity
Current liabilities
Trade accounts payable	$	111,166	$	216,850	$	30,735		$	—		$	358,751
Other accrued expenses	52,474		72,987		16,624			—			142,085
Intercompany payable – current	11,924		—		10,295			(22,219		)	—
Total current liabilities	175,564		289,837		57,654			(22,219		)	500,836
Other liabilities
Long-term debt	196,774		—		—			—			196,774
Other liabilities	37,253		67,119		3,646			—			108,018
Intercompany payable – noncurrent	1,081,306		41,537		290,408			(1,413,251		)	—
Total other liabilities	1,315,333		108,656		294,054			(1,413,251		)	304,792
Equity
Caleres, Inc. shareholders’ equity	613,787		635,298		399,433			(1,034,731		)	613,787
Noncontrolling interests	—		—		978			—			978
Total equity	613,787		635,298		400,411			(1,034,731		)	614,765
Total liabilities and equity	$	2,104,684	$	1,033,791	$	752,119		$	(2,470,201	)	$	1,420,393

29

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	194,896		$	408,476		$	69,798		$	(50,233	)	$	622,937
Cost of goods sold	142,295			221,031			39,125			(39,069		)	363,382
Gross profit	52,601			187,445			30,673			(11,164		)	259,555
Selling and administrative expenses	52,841			170,463			15,157			(11,164		)	227,297
Operating (loss) earnings	(240		)	16,982			15,516			—			32,258
Interest expense	(3,481		)	2			—			—			(3,479		)
Interest income	174			—			136			—			310
Intercompany interest income (expense)	2,253			(2,276		)	23			—			—
(Loss) earnings before income taxes	(1,294		)	14,708			15,675			—			29,089
Income tax provision	(309		)	(6,436		)	(2,665		)	—			(9,410		)
Equity in earnings (loss) of subsidiaries, net of tax	21,371			—			(508		)	(20,863		)	—
Net earnings	19,768			8,272			12,502			(20,863		)	19,679
Less: Net loss attributable to noncontrolling interests	—			—			(89		)	—			(89		)
Net earnings attributable to Caleres, Inc.	$	19,768		$	8,272		$	12,591		$	(20,863	)	$	19,768
Comprehensive income	$	18,478		$	8,272		$	11,802		$	(20,194	)	$	18,358
Less: Comprehensive loss attributable to noncontrolling interests	—			—			(120		)	—			(120		)
Comprehensive income attributable to Caleres, Inc.	$	18,478		$	8,272		$	11,922		$	(20,194	)	$	18,478

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	382,083		$	791,522		$	108,594		$	(74,529	)	$	1,207,670
Cost of goods sold	272,204			425,658			62,019			(59,559		)	700,322
Gross profit	109,879			365,864			46,575			(14,970		)	507,348
Selling and administrative expenses	102,383			327,566			31,368			(14,970		)	446,347
Operating earnings	7,496			38,298			15,207			—			61,001
Interest expense	(7,089		)	—			—			—			(7,089		)
Interest income	331			—			226			—			557
Intercompany interest income (expense)	4,507			(4,578		)	71			—			—
Earnings before income taxes	5,245			33,720			15,504			—			54,469
Income tax provision	(1,175		)	(12,740		)	(2,997		)	—			(16,912		)
Equity in earnings (loss) of subsidiaries, net of tax	33,481			—			(1,045		)	(32,436		)	—
Net earnings	37,551			20,980			11,462			(32,436		)	37,557
Less: Net earnings attributable to noncontrolling interests	—			—			6			—			6
Net earnings attributable to Caleres, Inc.	$	37,551		$	20,980		$	11,456		$	(32,436	)	$	37,551
Comprehensive income	$	38,056		$	20,980		$	12,031		$	(33,021	)	$	38,046
Less: Comprehensive loss attributable to noncontrolling interests	—			—			(10		)	—			(10		)
Comprehensive income attributable to Caleres, Inc.	$	38,056		$	20,980		$	12,041		$	(33,021	)	$	38,056

30

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash provided by operating activities	$	20,198		$	68,129		$	20,237		$	—	$	108,564
Investing activities
Purchases of property and equipment	(1,525		)	(25,237		)	(681		)	—		(27,443		)
Capitalized software	(2,448		)	(1,300		)	(30		)	—		(3,778		)
Intercompany investing	(2,973		)	2,973			—			—		—
Net cash used for investing activities	(6,946		)	(23,564		)	(711		)	—		(31,221		)
Financing activities
Borrowings under revolving credit agreement	103,000			—			—			—		103,000
Repayments under revolving credit agreement	(103,000		)	—			—			—		(103,000		)
Dividends paid	(6,089		)	—			—			—		(6,089		)
Acquisition of treasury stock	(23,139		)	—			—			—		(23,139		)
Issuance of common stock under share-based plans, net	(4,086		)	—			—			—		(4,086		)
Excess tax benefit related to share-based plans	3,248			—			—			—		3,248
Intercompany financing	30,162			(28,892		)	(1,270		)	—		—
Net cash provided by (used for) financing activities	96			(28,892		)	(1,270		)	—		(30,066		)
Effect of exchange rate changes on cash and cash equivalents	—			—			301			—		301
Increase in cash and cash equivalents	13,348			15,673			18,557			—		47,578
Cash and cash equivalents at beginning of period	31,000			—			87,151			—		118,151
Cash and cash equivalents at end of period	$	44,348		$	15,673		$	105,708		$	—	$	165,729

31

CONDENSED CONSOLIDATING BALANCE SHEET
JANUARY 28, 2017
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	23,999	$	9,029	$	22,304		$	—		$	55,332
Receivables, net	118,746		5,414		28,961			—			153,121
Inventories, net	150,098		410,867		24,799			—			585,764
Prepaid expenses and other current assets	24,293		23,040		8,058			(5,863		)	49,528
Intercompany receivable  – current	695		263		22,091			(23,049		)	—
Total current assets	317,831		448,613		106,213			(28,912		)	843,745
Other assets	51,181		16,567		826			—			68,574
Goodwill and intangible assets, net	113,333		219,337		11,088			—			343,758
Property and equipment, net	31,424		176,358		11,414			—			219,196
Investment in subsidiaries	1,343,954		—		(21,946		)	(1,322,008		)	—
Intercompany receivable  – noncurrent	568,541		366,902		581,624			(1,517,067		)	—
Total assets	$	2,426,264	$	1,227,777	$	689,219		$	(2,867,987	)	$	1,475,273
Liabilities and Equity
Current liabilities
Borrowings under revolving credit agreement	$	110,000	$	—	$	—		$	—		$	110,000
Trade accounts payable	116,783		112,434		37,153			—			266,370
Other accrued expenses	74,941		65,228		16,919			(5,863		)	151,225
Intercompany payable – current	12,794		—		10,255			(23,049		)	—
Total current liabilities	314,518		177,662		64,327			(28,912		)	527,595
Other liabilities
Long-term debt	197,003		—		—			—			197,003
Other liabilities	91,683		40,507		3,999			—			136,189
Intercompany payable – noncurrent	1,209,943		98,982		208,142			(1,517,067		)	—
Total other liabilities	1,498,629		139,489		212,141			(1,517,067		)	333,192
Equity
Caleres, Inc. shareholders’ equity	613,117		910,626		411,382			(1,322,008		)	613,117
Noncontrolling interests	—		—		1,369			—			1,369
Total equity	613,117		910,626		412,751			(1,322,008		)	614,486
Total liabilities and equity	$	2,426,264	$	1,227,777	$	689,219		$	(2,867,987	)	$	1,475,273

32

ITEM 2 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

OVERVIEW

Financial Highlights

We are pleased with our second quarter financial results. Our recently acquired Allen Edmonds business helped us report solid growth in net sales and gross profit. We have experienced a successful start to the back-to-school season at Famous Footwear despite the challenging retail environment. We also continue to benefit from improved gross margins in our Brand Portfolio segment.

The following is a summary of the financial highlights for the second quarter of 2017:   

• Consolidated net sales increased $54.1 million, or 8.7%, to $677.0 million for the second quarter of 2017, with solid contribution from both of our segments. Our Brand Portfolio segment reported a $39.2 million, or 16.8%, increase in net sales. Our Allen Edmonds business, which we acquired on December 13, 2016, contributed $41.8 million in net sales during the second quarter of 2017. Our Famous Footwear segment reported a $14.8 million, or 3.8%, increase in net sales and a 2.8% increase in same-store sales.

• Gross profit increased $27.9 million, or 10.8%, to $287.5 million for the second quarter of 2017, primarily reflecting our Allen Edmonds division.  As a percentage of net sales, gross profit increased to 42.5% for the second quarter of 2017, compared to 41.7% for the second quarter of 2016, primarily reflecting a higher consolidated mix of retail versus wholesale sales and continued margin expansion in our Brand Portfolio segment.

• Consolidated operating earnings decreased $1.2 million, or 3.6%, to $31.1 million in the second quarter of 2017. Despite higher sales and gross profit rate for the second quarter of 2017, our selling and administrative expenses and restructuring and other special charges were also higher, resulting in a slight decline in operating earnings. As a percentage of net sales, operating earnings decreased to4.6% for thesecond quarter of 2017, compared to5.2% for the second quarter of 2016.

• Consolidated net earnings attributable to Caleres, Inc. were $17.6 million, or $0.41 per diluted share, in the second quarter of 2017, compared to $19.8 million, or $0.46 per diluted share, in the second quarter of 2016.

The following items should be considered in evaluating the comparability of our second quarter results in 2017 and 2016:

• Acquisition, integration and reorganization of men's brands – We incurred costs of $2.9 million ($1.9 million on an after-tax basis, or $0.04 per diluted share) during the second quarter of 2017 reflecting integration and reorganization charges related to our men's business, with no corresponding costs during the second quarter of 2016. Refer to Note 5 to the condensed consolidated financial statements for further discussion.

• Acquisition-related cost of goods sold adjustment – We incurred costs of $1.9 million ($1.2 million on an after-tax basis, or $0.03 per diluted share) during the second quarter of 2017 associated with the amortization of the inventory fair value adjustment in connection with the acquisition of Allen Edmonds during the fourth quarter of 2016, with no corresponding costs during the second quarter of 2016. Refer to Note 3 to the condensed consolidated financial statements for additional information related to these costs.

Our debt-to-capital ratio was 26.6% as of July 29, 2017, compared to 24.2% as of July 30, 2016 and 33.3% as of January 28, 2017. The increase in our debt-to-capital ratio from July 30, 2016 primarily reflects higher borrowings under our revolving credit agreement which was utilized to fund the acquisition of Allen Edmonds in December 2016. The decrease in our debt-to-capital ratio from January 28, 2017 primarily reflects lower borrowings under our revolving credit agreement as we continue to reduce our borrowings subsequent to the Allen Edmonds acquisition. Our current ratio decreased to 1.57 to 1 as of July 29, 2017, compared to 1.97 to 1 at July 30, 2016 and 1.60 to 1 at January 28, 2017.

Subsequent Event

Subsequent to the second quarter of 2017, Hurricane Harvey made landfall in Houston, Texas and surrounding areas. This is a major market for us with a total of approximately 40 Famous Footwear, Naturalizer, Allen Edmonds and Sam Edelman stores. We are still assessing the extent of the damage to determine the impact on our 2017 financial results.

33

Outlook for the Remainder of 2017

During the second quarter, we saw consistent margin expansion, generated steady cash flow and continued to pay down our revolving credit facility following the Allen Edmonds acquisition. We are pleased with the progress we've made in diversifying our business to achieve more balanced earnings from both our Famous Footwear and Brand Portfolio segments. Throughout the remainder of 2017, we will continue to focus on our speed-to-market and consumer acquisition initiatives to deliver shareholder value.

Following are the consolidated results and the results by segment: 

CONSOLIDATED RESULTS
	Thirteen Weeks Ended										Twenty-six Weeks Ended
	July 29, 2017					July 30, 2016					July 29, 2017					July 30, 2016
				% of  Net Sales					% of  Net Sales					% of  Net Sales					% of  Net Sales
($ millions)
Net sales	$	677.0		100.0	%	$	622.9		100.0	%	$	1,308.5		100.0	%	$	1,207.7		100.0	%
Cost of goods sold	389.5			57.5	%	363.3			58.3	%	750.1			57.3	%	700.4			58.0	%
Gross profit	287.5			42.5	%	259.6			41.7	%	558.4			42.7	%	507.3			42.0	%
Selling and administrative expenses	253.5			37.5	%	227.3			36.5	%	497.6			38.0	%	446.3			36.9	%
Restructuring and other special charges, net	2.9			0.4	%	—			—	%	4.0			0.4	%	—			—	%
Operating earnings	31.1			4.6	%	32.3			5.2	%	56.8			4.3	%	61.0			5.1	%
Interest expense	(4.7		)	(0.7	)%	(3.5		)	(0.5	)%	(9.7		)	(0.7	)%	(7.1		)	(0.6	)%
Interest income	0.3			0.0	%	0.3			0.0	%	0.5			0.0	%	0.6			0.0	%
Earnings before income taxes	26.7			3.9	%	29.1			4.7	%	47.6			3.6	%	54.5			4.5	%
Income tax provision	(9.0		)	(1.3	)%	(9.4		)	(1.5	)%	(15.0		)	1.1	%	(16.9		)	(1.4	)%
Net earnings	17.7			2.6	%	19.7			3.2	%	32.6			2.5	%	37.6			3.1	%
Net earnings (loss) attributable to noncontrolling interests	0.1			0.0	%	(0.1		)	(0.0	)%	0.1			0.0	%	0.0			0.0	%
Net earnings attributable to Caleres, Inc.	$	17.6		2.6	%	$	19.8		3.2	%	$	32.5		2.5	%	$	37.6		3.1	%

Net Sales 

Net sales increased $54.1 million, or 8.7%, to $677.0 million for the second quarter of 2017, compared to $622.9 million for the second quarter of 2016, with solid contribution from both of our segments. Our Brand Portfolio segment reported a $39.2 million, or 16.8%, increase in net sales, reflecting $41.8 million of sales from our recently acquired Allen Edmonds business and higher net sales of our Sam Edelman and Vince brands, partially offset by lower sales from our Via Spiga and Franco Sarto brands. Our Famous Footwear segment reported a $14.8 million, or 3.8%, increase in net sales, driven by a 2.8% increase in same-store sales and a higher store count.

Net sales increased $100.8 million, or 8.3%, to $1,308.5 million for the six months ended July 29, 2017, compared to $1,207.7 million for the six months ended July 30, 2016. Our Brand Portfolio segment reported an $84.0 million, or 18.6%, increase in net sales, reflecting $84.3 million of sales from our recently acquired Allen Edmonds business and higher net sales of our Sam Edelman and Vince brands, partially offset by lower sales from our Via Spiga, Franco Sarto and Naturalizer brands.  Net sales of our Famous Footwear segment increased $16.7 million, or 2.2%, driven by our expanded store base and a 1.1% increase in same-store sales.

Same-store sales changes are calculated by comparing the sales in stores that have been open at least 13 months. Relocated stores are treated as new stores, and closed stores are excluded from the calculation. Sales change from new and closed stores, net reflects the change in net sales due to stores that have been opened or closed during the period and are therefore excluded from the same-store sales calculation. E-commerce sales for those e-commerce websites that function as an extension of a retail chain are included in the same-store sales calculation.

34

Gross Profit 

Gross profit increased $27.9 million, or 10.8%, to $287.5 million for the second quarter of 2017, compared to $259.6 million for the second quarter of 2016, reflecting higher sales volume, as described above, and an improved gross profit rate. As a percentage of net sales, gross profit increased to 42.5% for the second quarter of 2017, compared to 41.7% for the second quarter of 2016, primarily reflecting a higher consolidated mix of retail versus wholesale sales and an improved mix of higher margin brands, partially offset by amortization of the inventory fair value adjustment in conjunction with the acquisition of Allen Edmonds of $1.9 million. Retail and wholesale net sales were 70% and 30%, respectively, in the second quarter of 2017, compared to 68% and 32% in the second quarter of 2016.

Gross profit increased $51.1 million, or 10.1%, to $558.4 million for the six months ended July 29, 2017, compared to $507.3 million for the six months ended July 30, 2016, reflecting the above named factors.  As a percentage of net sales, gross profit increased to 42.7% for the six months ended July 29, 2017, compared to 42.0% for the six months ended July 30, 2016, reflecting the factors described above. Retail and wholesale net sales were 70% and 30%, respectively, in the six months ended July 29, 2017, compared to 68% and 32% in the six months ended six months ended July 30, 2016.

We classify certain warehousing, distribution, sourcing and other inventory procurement costs in selling and administrative expenses. Accordingly, our gross profit and selling and administrative expense rates, as a percentage of net sales, may not be comparable to other companies. 

Selling and Administrative Expenses 

Selling and administrative expenses increased $26.2 million, or 11.5%, to $253.5 million for the second quarter of 2017, compared to $227.3 million for the second quarter of 2016, primarily driven by the recently acquired Allen Edmonds business and higher anticipated payments under our cash-based incentive compensation plans. As a percentage of net sales, selling and administrative expenses increased to 37.5% for the second quarter of 2017 from 36.5% for the second quarter of 2016.

Selling and administrative expenses increased $51.3 million, or 11.5%, to $497.6 million for the six months ended July 29, 2017, compared to $446.3 million in the six months ended July 30, 2016, primarily driven by the recently acquired Allen Edmonds business and higher cash-based incentive compensation. As a percentage of net sales, selling and administrative expenses increased to 38.0% for the six months ended July 29, 2017 from 36.9% for the six months ended July 30, 2016.

Restructuring and Other Special Charges, Net

Restructuring and other special charges of $2.9 million ($1.9 million on an after-tax basis, or $0.04 per diluted share) and $4.0 million ($2.6 million on an after-tax basis, or $0.06 per diluted share), primarily for professional fees and severance expense, were incurred in the second quarter and six months ended July 29, 2017, respectively, related to the men's business. There were no restructuring charges in the second quarter or six months ended July 30, 2016. Refer to Note 5 to the condensed consolidated financial statements for additional information related to these charges.

Operating Earnings 

Operating earnings decreased $1.2 million, or3.6%, to $31.1 million for thesecond quarter of 2017, compared to $32.3 million for thesecond quarter of 2016. Although sales and gross profit were higher in the second quarter, selling and administrative expenses and restructuring and other special charges were also higher, resulting in the slight decline in operating earnings. As a percentage of net sales, operating earnings decreased to4.6% for thesecond quarter of 2017, compared to5.2% for the second quarter of 2016.

Operating earnings decreased $4.2 million, or 6.9% to $56.8 million for the six months ended July 29, 2017, compared to $61.0 million for the six months ended July 30, 2016, reflecting the above factors.  As a percentage of net sales, operating earnings decreased to 4.3% for the six months ended July 29, 2017, compared to 5.1% for the six months ended July 30, 2016.

Interest Expense 

Interest expense increased $1.2 million, or 33.3%, to $4.7 million for the second quarter of 2017, compared to $3.5 million for the second quarter of 2016, reflecting higher interest expense on our revolving credit agreement, which was used to fund the acquisition of Allen Edmonds in the fourth quarter of 2016. In addition, during the second quarter of 2016, we capitalized interest of $0.4 million associated with the expansion and modernization of our Lebanon, Tennessee distribution center, which was completed in the fourth quarter of 2016.

Interest expense increased $2.6 million, or 36.6%, to $9.7 million for the six months ended July 29, 2017, compared to $7.1 million for the six months ended July 30, 2016, reflecting the above named factor. In addition, during the six months ended July 30, 2016, we capitalized interest of $0.8 million associated with the expansion and modernization of our Lebanon, Tennessee distribution center.

35

Income Tax Provision 

Our effective tax rate can vary considerably from period to period, depending on a number of factors. Our consolidated effective tax rate was 33.9% for the second quarter of 2017, compared to 32.3% for the second quarter of 2016. During the second quarter of 2016, we recognized a discrete tax benefit of $0.2 million reflecting the settlement of a federal tax audit issue. If the discrete tax benefit had not been recognized during the second quarter of 2016, our effective tax rate would have been 33.0%. Excluding the discrete tax item, our tax rate is higher in the current period, reflecting a lower mix of international earnings in our lowest tax rate jurisdictions.

For the six months ended July 29, 2017, our consolidated effective tax rate was 31.7% compared to 31.0% for the six months ended July 30, 2016. As a result of the adoption of ASU 2016-09 during the first quarter of 2017, which requires prospective recognition of excess tax benefits and deficiencies in the statement of earnings, we recognized a discrete tax benefit of $1.1 million related to share-based compensation. We recognized a discrete tax benefit of $0.9 million during the six months ended July 30, 2016, reflecting the settlement of a federal tax audit issue. If these discrete tax benefits had not been recognized during the six months ended July 29, 2017 and July 30, 2016, our effective tax rates would have been 33.9% and 32.7%, respectively. Excluding the discrete tax items, our tax rate is higher for the six months ended July 29, 2017, reflecting a lower mix of international earnings in our lowest tax rate jurisdictions.

Net Earnings Attributable to Caleres, Inc. 

Net earnings attributable to Caleres, Inc. were $17.6 million and $32.5 million for the second quarter and six months ended July 29, 2017, compared to net earnings of $19.8 million and $37.6 million for the second quarter and six months ended July 30, 2016, as a result of the factors described above.

36

FAMOUS FOOTWEAR
	Thirteen Weeks Ended										Twenty-six Weeks Ended
	July 29, 2017					July 30, 2016					July 29, 2017					July 30, 2016
				% of  Net Sales					% of  Net Sales					% of  Net Sales					% of  Net Sales
($ millions, except sales per square foot)
Operating Results
Net sales	$	404.9		100.0	%	$	390.1		100.0	%	$	771.4		100.0	%	$	754.7		100.0	%
Cost of goods sold	221.6			54.7	%	212.7			54.5	%	420.4			54.5	%	408.6			54.1	%
Gross profit	183.3			45.3	%	177.4			45.5	%	351.0			45.5	%	346.1			45.9	%
Selling and administrative expenses	158.2			39.1	%	154.8			39.7	%	305.6			39.6	%	297.7			39.5	%
Operating earnings	$	25.1		6.2	%	$	22.6		5.8	%	$	45.4		5.9	%	$	48.4		6.4	%
Key Metrics
Same-store sales % change	2.8		%			(1.1		)%			1.1		%			(0.1		)%
Same-store sales $ change	$	10.4				$	(4.1	)			$	8.3				$	(0.6	)
Sales change from new and closed stores, net	$	4.5				$	(1.5	)			$	8.6				$	(0.3	)
Impact of changes in Canadian exchange rate on sales	$	(0.1	)			$	(0.2	)			$	(0.2	)			$	(0.3	)
Sales per square foot, excluding e-commerce (thirteen and twenty-six weeks ended)	$	55				$	54				$	105				$	104
Sales per square foot, excluding e-commerce (trailing twelve months)	$	216				$	216				$	216				$	216
Square footage (thousand sq. ft.)	6,967					6,922					6,967					6,922
Stores opened	12					11					21					21
Stores closed	9					10					21					23
Ending stores	1,055					1,044					1,055					1,044

Net Sales 

Net sales increased $14.8 million, or 3.8%, to $404.9 million for the second quarter of 2017, compared to $390.1 million for the second quarter of 2016. The increase was driven by a 2.8% increase in same-store sales and a higher store count.  Famous Footwear experienced solid growth in e-commerce sales and reported improvement in the online conversion rate, due in part to the successful implementation of the buy online, pick up in store initiative. The segment experienced sales growth in lifestyle athletic and sport-influenced product and sandals. During the second quarter of 2017, we opened 12 new stores and closed nine stores, resulting in 1,055 stores and total square footage of 7.0 million at the end of the second quarter of 2017, compared to 1,044 stores and total square footage of 6.9 million at the end of the second quarter of 2016. On a trailing twelve-month basis, sales per square foot, excluding e-commerce, remained consistent at $216 for the twelve months ended July 29, 2017 and July 30, 2016. Members of Rewards, our customer loyalty program, continue to account for a majority of the segment’s sales, with approximately 76% of our net sales made to Rewards program members in the second quarter of 2017, compared to 75% in the second quarter of 2016. 

Net sales increased $16.7 million, or 2.2%, to $771.4 million for the six months ended July 29, 2017, compared to $754.7 million for the six months ended July 30, 2016. The increase was primarily driven by our expanded store base and a 1.1% increase in same-store sales. Famous Footwear experienced growth in e-commerce sales, and reported improvement in both conversion rate and online customer traffic. However, the strong e-commerce sales were offset by a decline in customer traffic at our retail store locations.

37

Gross Profit 

Gross profit increased $5.9 million, or 3.3%, to $183.3 million for the second quarter of 2017, compared to $177.4 million for the second quarter of 2016 reflecting higher net sales, partially offset by a slight drop in gross profit rate. As a percentage of net sales, our gross profit was 45.3% for the second quarter of 2017, compared to 45.5% for the second quarter of 2016.

Gross profit increased $4.9 million, or 1.4%, to $351.0 million for the six months ended July 29, 2017, compared to $346.1 million for the six months ended July 30, 2016, reflecting the above named factors. As a percentage of net sales, our gross profit was 45.5% for the six months ended July 29, 2017, compared to 45.9% for the six months ended July 30, 2016.

Selling and Administrative Expenses 

Selling and administrative expenses increased $3.4 million, or 2.2%, to $158.2 million for the second quarter of 2017, compared to $154.8 million for the second quarter of 2016.  The increase was primarily driven by higher store rent and facilities costs attributable to our expanded store base and higher expenses related to cash-based incentive compensation, partially offset by lower marketing costs. As a percentage of net sales, selling and administrative expenses decreased to 39.1% for the second quarter of 2017, compared to 39.7% for the second quarter of 2016, reflecting better leveraging of our expense base over higher net sales.

Selling and administrative expenses increased $7.9 million, or 2.6%, to $305.6 million for the six months ended July 29, 2017, compared to $297.7 million for the six months ended July 30, 2016. The increase was primarily attributable to higher store rent and facilities cost attributable to our expanded store base and higher expenses related to cash-based incentive compensation during the six months ended July 29, 2017. As a percentage of net sales, selling and administrative expenses increased to 39.6% for the six months ended July 29, 2017, compared to 39.5% for the six months ended July 30, 2016.

Operating Earnings  

Operating earnings increased $2.5 million, or11.1%, to $25.1 million for thesecond quarter of 2017, compared to $22.6 million for thesecond quarter of 2016. The increase reflects our net sales growth, partially offset by higher selling and administrative expenses and a slight decline in our gross profit rate. As a percentage of net sales, operating earnings increasedto6.2% for thesecond quarter of 2017, comparedto 5.8% for thesecond quarter of 2016.

Operating earnings decreased $3.0 million, or 6.1%, to $45.4 million for the six months ended July 29, 2017, compared to $48.4 million for the six months ended July 30, 2016. The decrease reflects higher selling and administrative expenses and a lower gross profit rate, partially offset by higher net sales. As a percentage of net sales, operating earnings decreased to 5.9% for the six months ended July 29, 2017, compared to 6.4% for the six months ended July 30, 2016.

38

BRAND PORTFOLIO
	Thirteen Weeks Ended										Twenty-six Weeks Ended
	July 29, 2017					July 30, 2016					July 29, 2017					July 30, 2016
				% of  Net Sales					% of  Net Sales					% of  Net Sales					% of  Net Sales
($ millions, except sales per square foot)
Operating Results
Net sales	$	272.0		100.0	%	$	232.8		100.0	%	$	537.0		100.0	%	$	453.0		100.0	%
Cost of goods sold	167.8			61.7	%	150.7			64.7	%	329.6			61.4	%	291.8			64.4	%
Gross profit	104.2			38.3	%	82.1			35.3	%	207.4			38.6	%	161.2			35.6	%
Selling and administrative expenses	87.6			32.2	%	64.6			27.8	%	176.7			32.9	%	134.1			29.6	%
Restructuring and other special charges, net	0.7			0.2	%	—			—		1.5			0.3	%	—			—
Operating earnings	$	15.9		5.9	%	$	17.5		7.5	%	$	29.2		5.4	%	$	27.1		6.0	%
Key Metrics
Wholesale/retail sales mix (%) (1)	75%/25%					86%/14%					74%/26%					86%/14%
Change in wholesale net sales ($) (1)	$	2.7				$	(8.2	)			$	8.2				$	(30.4	)
Unfilled order position at end of period (1)	$	275.0				$	260.2
Same-store sales % change (2)	15.8		%			(8.2		)%			9.2		%			(5.1		)%
Same-store sales $ change (2)	$	4.4				$	(2.4	)			$	5.0				$	(2.9	)
Sales change from new and closed stores, net (3)	$	32.3				$	1.9				$	71.1				$	3.1
Impact of changes in Canadian exchange rate on retail sales	$	(0.2	)			$	(0.5	)			$	(0.3	)			$	(1.0	)
Sales per square foot, excluding e-commerce (thirteen and twenty-six weeks ended) (2)	$	88				$	82				$	158				$	152
Sales per square foot, excluding e-commerce (trailing twelve months) (2)	$	320				$	323				$	320				$	323
Square footage (thousands sq. ft.) (3)	409					305					409					305
Stores opened (3)	5					1					8					5
Stores closed (3)	—					2					4					3
Ending stores (3)	238					167					238					167

(1) The wholesale/retail sales mix and change in wholesale net sales in the second quarter and six months ended July 29, 2017 and unfilled order position as of July 29, 2017 include our recently acquired Allen Edmonds business. Refer to Note 3 to the condensed consolidated financial statements for additional information.

(2) These metrics exclude our recently acquired Allen Edmonds business since the business was not included in our operations in the prior year comparative period.

(3) These metrics for the second quarter and six months ended July 29, 2017 include our recently acquired Allen Edmonds retail stores, which total approximately 116,000 square feet.

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Net Sales

Net sales increased $39.2 million, or16.8%, to $272.0 million for thesecond quarter of 2017, compared to $232.8 million forthe second quarter of 2016, driven by $41.8 million in sales from our recently acquired Allen Edmonds business. In addition, we experienced higher net sales of our Sam Edelman and Vince brands, partially offset by lower sales from our Via Spiga and Franco Sarto brands. Our same-store sales, which exclude the impact of Allen Edmonds stores because they have not been part of the Company for 13 months, increased 15.8% during the quarter. The increase in same-store sales was primarily driven by growth in Sam Edelman e-commerce and retail store sales. During the second quarter of 2017, we opened five stores, resulting in a total of 238 stores (of which 76 are Allen Edmonds) and total square footage of 0.4 million at the end of the second quarter of 2017, compared to 167 stores and total square footage of 0.3 million at the end of the second quarter of 2016. On a trailing twelve-month basis, sales per square foot, excluding e-commerce and sales from our Allen Edmonds stores, decreased 0.9% to $320 for the twelve months ended July 29, 2017, compared to $323 for the twelve months ended July 30, 2016. Our unfilled order position increased $14.8 million, or 5.7%, to $275.0 million as of July 29, 2017, from $260.2 million as of July 30, 2016.

Net sales increased $84.0 million, or 18.6%, to $537.0 million for the six months ended July 29, 2017, compared to $453.0 million for the six months ended July 30, 2016, driven by $84.3 million in sales from our recently acquired Allen Edmonds business and sales growth from our Sam Edelman and Vince brands, partially offset by lower sales from our Via Spiga, Franco Sarto and Naturalizer brands. Our retail sales benefited from a net increase in sales from new and closed stores driven by our acquisition of Allen Edmonds and an increase in same-store sales of 9.2%. During the six months ended July 29, 2017, we opened eight stores and closed four stores.

Gross Profit 

Gross profit increased $22.1 million, or 26.8%, to $104.2 million for the second quarter of 2017, compared to $82.1 million for the second quarter of 2016, primarily as a result of the recently acquired Allen Edmonds business. The Brand Portfolio segment recognized $1.9 million ($1.2 million on an after-tax basis, or $0.03 per diluted share) in incremental cost of goods sold in the second quarter of 2017 related to the amortization of the Allen Edmonds inventory fair value adjustment required for purchase accounting. As a percentage of net sales, our gross profit increased to 38.3% for the second quarter of 2017, compared to 35.3% for the second quarter of 2016.  Our gross profit rate for the second quarter of 2017 benefited from the higher mix of retail versus wholesale sales and growth in our higher margin brands.

Gross profit increased $46.2 million, or 28.6%, to $207.4 million for the six months ended July 29, 2017, compared to $161.2 million for the six months ended July 30, 2016, primarily as a result of the recently acquired Allen Edmonds business. The Brand Portfolio segment recognized $4.9 million ($3.0 million on an after-tax basis, or $0.07 per diluted share) in cost of goods sold for the six months ended July 29, 2017 related to the amortization of the Allen Edmonds inventory fair value adjustment required for purchase accounting. As a percentage of net sales, our gross profit increased to 38.6% for the six months ended July 29, 2017, compared to 35.6% for the six months ended July 30, 2016, reflecting the higher mix of retail versus wholesale sales.

Selling and Administrative Expenses 

Selling and administrative expenses increased $23.0 million, or 35.5%, to $87.6 million for the second quarter of 2017, compared to $64.6 million for the second quarter of 2016, primarily due to costs associated with the recently acquired Allen Edmonds business and an increase in anticipated payments under our cash-based incentive compensation plans. As a percentage of net sales, selling and administrative expenses increased to 32.2% for the second quarter of 2017, compared to 27.8% for the second quarter of 2016. 

Selling and administrative expenses increased $42.6 million, or 31.7%, to $176.7 million for the six months ended July 29, 2017, compared to $134.1 million for the six months ended July 30, 2016, driven by the above named factors. As a percentage of net sales, selling and administrative expenses increased to 32.9% for the six months ended July 29, 2017, compared to 29.6% for the six months ended July 30, 2016.

Restructuring and Other Special Charges, Net

Restructuring and other special charges were $0.7 million and $1.5 million in the second quarter and six months ended July 29, 2017, respectively, related to the integration and reorganization of our men's business. There were no restructuring charges incurred in the second quarter or six months ended July 30, 2016. Refer to Note 5 to the condensed consolidated financial statements for additional information related to these charges.

Operating Earnings 

Operating earnings decreased $1.6 million, or 8.9%, to $15.9 million for thesecond quarter of 2017, compared to $17.5 million for thesecond quarter of 2016. Despite net sales growth and expansion in our gross profit rate, higher selling and administrative expenses and restructuring charges led to a slight decline in operating earnings. As a percentage of net sales, operating earnings decreased to5.9% for thesecond quarter of 2017, compared to7.5% in thesecond quarter of 2016. 

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Operating earnings increased $2.1 million, or 7.9%, to $29.2 million for the six months ended July 29, 2017, compared to $27.1 million for six months ended July 30, 2016. The increase reflects higher net sales and an improved gross profit rate, partially offset by higher selling and administrative expenses. As a percentage of net sales, operating earnings decreased to 5.4% for the six months ended July 29, 2017, compared to 6.0% for the six months ended July 30, 2016.

OTHER

The Other category includes unallocated corporate administrative expenses and other costs and recoveries. Costs of $9.9 million were incurred for the second quarter of 2017, compared to $7.8 million for the second quarter of 2016. The increase primarily reflects $2.2 million of restructuring costs for the integration and reorganization of our men's brands, as further discussed in Note 5 to the condensed consolidated financial statements, and an increase in anticipated payments under our cash-based incentive plans during the second quarter of 2017.

Unallocated corporate administrative expenses and other costs and recoveries were $17.8 million for the six months ended July 29, 2017, compared to $14.4 million for the six months ended July 30, 2016. The $3.4 million increase reflects the above named factors.

LIQUIDITY AND CAPITAL RESOURCES

Borrowings 

($ millions)	July 29, 2017		July 30, 2016		January 28, 2017
Borrowings under revolving credit agreement	$	35.0	$	—	$	110.0
Long-term debt	197.2		196.8		197.0
Total debt	$	232.2	$	196.8	$	307.0

Total debt obligations of $232.2 million at July 29, 2017 increased $35.4 million, compared to $196.8 million at July 30, 2016, primarily due to higher borrowings under our revolving credit agreement, which we used to fund the acquisition of Allen Edmonds in the fourth quarter of 2016. Total debt obligations decreased $74.8 million, compared to $307.0 million at January 28, 2017, as we paid down $75.0 million of our borrowings during the six months ended July 29, 2017. Interest expense for the second quarter of 2017 increased $1.2 million to $4.7 million, compared to $3.5 million for the second quarter of 2016, and increased $2.6 million to $9.7 million for the six months ended July 29, 2017, compared to $7.1 million for the six months ended July 30, 2016. The increases were attributable to higher average borrowings under our revolving credit agreement. In addition, during the second quarter and six months ended July 30, 2016, we capitalized interest of $0.4 million and $0.8 million, respectively, associated with the expansion and modernization of our Lebanon, Tennessee distribution center that was completed in the fourth quarter of 2016.

Credit Agreement 

The Company maintains a revolving credit facility for working capital needs in an aggregate amount of up to $600.0 million, with the option to increase by up to $150.0 million. On December 18, 2014, the Company and certain of its subsidiaries (the “Loan Parties”) entered into a Fourth Amended and Restated Credit Agreement, which was further amended on July 20, 2015 to release all of the Company’s subsidiaries that were borrowers under or that guaranteed the Credit Agreement other than Sidney Rich Associates, Inc. and BG Retail, LLC (as so amended, the “Credit Agreement”). On December 13, 2016, Allen Edmonds was joined to the Credit Agreement as a guarantor. After giving effect to the joinder, the Company is the lead borrower, and Sidney Rich Associates, Inc., BG Retail, LLC and Allen Edmonds are each co-borrowers and guarantors under the Credit Agreement. The Credit Agreement matures on December 18, 2019.

Borrowing availability under the Credit Agreement is limited to the lesser of the total commitments and the borrowing base ("Loan Cap"), which is based on stated percentages of the sum of eligible accounts receivable, eligible inventory and eligible credit card receivables, as defined, less applicable reserves. Under the Credit Agreement, the Loan Parties’ obligations are secured by a first-priority security interest in all accounts receivable, inventory and certain other collateral.

Interest on borrowings is at variable rates based on the London Interbank Offered Rate (“LIBOR”) or the prime rate, as defined in the Credit Agreement, plus a spread. The interest rate and fees for letters of credit vary based upon the level of excess availability under the Credit Agreement. There is an unused line fee payable on the unused portion under the facility and a letter of credit fee payable on the outstanding face amount under letters of credit.

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At July 29, 2017, we had $35.0 million in borrowings and $7.3 million in letters of credit outstanding under the Credit Agreement. Total borrowing availability was $557.7 million at July 29, 2017. We were in compliance with all covenants and restrictions under the Credit Agreement as of July 29, 2017. 

$200 Million Senior Notes 

On July 27, 2015, we issued $200.0 million aggregate principal amount of Senior Notes due in 2023 (the "2023 Senior Notes") in a private placement.  On October 22, 2015, we commenced an offer to exchange our 2023 Senior Notes outstanding for substantially identical debt securities registered under the Securities Act of 1933. The exchange offer was completed on November 23, 2015 and did not affect the amount of our indebtedness outstanding.

The 2023 Senior Notes are guaranteed on a senior unsecured basis by each of the subsidiaries of Caleres, Inc. that is an obligor under the Credit Agreement, and bear interest at 6.25%, which is payable on February 15 and August 15 of each year beginning on February 15, 2016. The 2023 Senior Notes mature on August 15, 2023. Prior to August 15, 2018, we may redeem some or all of the 2023 Senior Notes at various redemption prices.

The 2023 Senior Notes also contain covenants and restrictions that limit certain activities including, among other things, levels of indebtedness, payments of dividends, the guarantee or pledge of assets, certain investments, common stock repurchases, mergers and acquisitions and sales of assets. As of July 29, 2017, we were in compliance with all covenants and restrictions relating to the 2023 Senior Notes.

Working Capital and Cash Flow

	Twenty-six Weeks Ended
($ millions)	July 29, 2017			July 30, 2016			Change
Net cash provided by operating activities	$	114.3		$	108.6		$	5.7
Net cash used for investing activities	(27.4		)	(31.2		)	3.8
Net cash used for financing activities	(89.5		)	(30.1		)	(59.4		)
Effect of exchange rate changes on cash and cash equivalents	0.2			0.3			(0.1		)
(Decrease) increase in cash and cash equivalents	$	(2.4	)	$	47.6		$	(50.0	)

Reasons for the major variances in cash provided (used) in the table above are as follows: 

Cash provided by operating activities was $5.7 million higher in the six months ended July 29, 2017 as compared to the six months ended July 30, 2016, reflecting the following factors:  

• An increase in accrued expenses and other liabilities in the six months ended July 29, 2017 compared to a decrease in the comparable period in 2016, reflecting higher anticipated payments of our cash-based incentive compensation plans for 2017;

• A larger increase in accounts payable in the six months ended July 29, 2017, compared to the comparable period in 2016 driven by higher purchases of inventory; and

• Higher earnings (after consideration of depreciation, amortization and other non-cash items); partially offset by

• A larger increase in inventory in the six months ended July 29, 2017, compared to the comparable period in 2016, and

• A smaller decrease in prepaid expenses and other current assets in the six months ended July 29, 2017, compared to the comparable period in 2016, reflecting lower prepaid rent as of July 30, 2016 due to the timing of payments.

Cash used for investing activities was $3.8 million lower in the six months ended July 29, 2017 as compared to the six months ended July 30, 2016, primarily due to lower purchases of property and equipment during the six months ended July 29, 2017. During 2016, our capital expenditures included the expansion and modernization of our Lebanon, Tennessee distribution center, which was completed in the fourth quarter of 2016. For fiscal 2017, we expect purchases of property and equipment and capitalized software of approximately $55 million. 

Cash used for financing activities was $59.4 million higher for the six months ended July 29, 2017 as compared to the six months ended July 30, 2016, as we continue to reduce the borrowings under our revolving credit agreement, which funded our Allen Edmonds acquisition. In addition, we repurchased fewer shares under our stock repurchase program during the six months ended July 29, 2017.

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A summary of key financial data and ratios at the dates indicated is as follows: 

	July 29, 2017			July 30, 2016			January 28, 2017
Working capital ($ millions) (1)	$	347.2		$	488.3		$	316.2
Current ratio (2)	1.57:1			1.97:1			1.60:1
Debt-to-capital ratio (3)	26.6		%	24.2		%	33.3		%

(1) Working capital has been computed as total current assets less total current liabilities.

(2) The current ratio has been computed by dividing total current assets by total current liabilities.

(3) The debt-to-capital ratio has been computed by dividing total debt by total capitalization. Total debt is defined as long-term debt and borrowings under the Credit Agreement. Total capitalization is defined as total debt and total equity.

Working capital at July 29, 2017 was $347.2 million, which was $141.1 million lower and $31.0 million higher than at July 30, 2016 and January 28, 2017, respectively. Our current ratio decreased to 1.57 to 1 as of July 29, 2017, compared to 1.97 to 1 at July 30, 2016 and 1.60 to 1 at January 28, 2017. The decrease in working capital and the current ratio from July 30, 2016 primarily reflects the impact of the Allen Edmonds acquisition in the fourth quarter of 2016, which was funded with borrowings under our revolving credit agreement. A significant portion of the Allen Edmonds purchase price was allocated to intangible assets, which are noncurrent, while the entire purchase price was funded using current liabilities. The increase in working capital and the current ratio from January 28, 2017 was primarily due to an increase in inventory levels and lower borrowings under our revolving credit agreement, partially offset by higher payables. The decrease in the current ratio from January 28, 2017 primarily reflects an increase in accounts payable and other accrued expenses, partially offset by an increase in inventory levels. Our debt-to-capital ratio was 26.6% as of July 29, 2017, compared to 24.2% as of July 30, 2016 and 33.3% at January 28, 2017. The increase in our debt-to-capital ratio from July 30, 2016 primarily reflects higher borrowings under our revolving credit agreement. The decrease in our debt-to-capital ratio from January 28, 2017 primarily reflects lower borrowings under our revolving credit agreement.

At July 29, 2017, we had $52.9 million of cash and cash equivalents. Approximately 40% of this balance represents the accumulated unremitted earnings of our foreign subsidiaries, which are considered indefinitely reinvested. 

We declared and paid dividends of$0.07per share in both the second quarter of 2017 and 2016. The declaration and payment of any future dividend is at the discretion of the Board of Directors and will depend on our results of operations, financial condition, business conditions and other factors deemed relevant by our Board of Directors. However, we presently expect that dividends will continue to be paid. 

CONTRACTUAL OBLIGATIONS

Our contractual obligations primarily consist of purchase obligations, operating lease commitments, long-term debt, interest on long-term debt, minimum license commitments, financial instruments, borrowings under our revolving credit agreement, obligations for our supplemental executive retirement plan and other postretirement benefits and obligations.

Except for changes within the normal course of business (primarily changes in purchase obligations, which fluctuate throughout the year as a result of the seasonal nature of our operations, borrowings under and repayments of our revolving credit agreement and changes in operating lease commitments as a result of new stores, store closures and lease renewals), there have been no other significant changes to our contractual obligations identified in our Annual Report on Form 10-K for the year ended January 28, 2017.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

No material changes have occurred related to critical accounting policies and estimates since the end of the most recent fiscal year. For further information, see Part II, Item 7 of our Annual Report on Form 10-K for the year ended January 28, 2017. 

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Recently issued accounting pronouncements and their impact on the Company are described in Note 2 to the condensed consolidated financial statements. 

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FORWARD-LOOKING STATEMENTS

This Form 10-Q contains certain forward-looking statements and expectations regarding the Company’s future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially.  These risks include (i) changing consumer demands, which may be influenced by consumers' disposable income, which in turn can be influenced by general economic conditions; (ii) rapidly changing fashion trends and purchasing patterns; (iii) intense competition within the footwear industry; (iv) political and economic conditions or other threats to the continued and uninterrupted flow of inventory from China and other countries, where the Company relies heavily on third-party manufacturing facilities for a significant amount of its inventory; (v) the ability to accurately forecast sales and manage inventory levels; (vi) cybersecurity threats or other major disruption to the Company’s information technology systems; (vii) transitional challenges with acquisitions; (viii) customer concentration and increased consolidation in the retail industry; (ix) a disruption in the Company’s distribution centers; (x) the ability to recruit and retain senior management and other key associates; (xi) foreign currency fluctuations; (xii) compliance with applicable laws and standards with respect to labor, trade and product safety issues; (xiii) the ability to secure/exit leases on favorable terms; (xiv) the ability to maintain relationships with current suppliers; (xv) the ability to attract, retain and maintain good relationships with licensors and protect intellectual property rights; and (xvi) changes to tax laws, policies and treaties.  The Company's reports to the Securities and Exchange Commission contain detailed information relating to such factors, including, without limitation, the information under the caption “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended January 28, 2017, which information is incorporated by reference herein and updated by the Company’s Quarterly Reports on Form 10-Q. The Company does not undertake any obligation or plan to update these forward-looking statements, even though its situation may change.

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

No material changes have taken place in the quantitative and qualitative information about market risk since the end of the most recent fiscal year. For further information, see Part II, Item 7A of the Company's Annual Report on Form 10-K for the year ended January 28, 2017.  

ITEM 4 CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

It is the Chief Executive Officer's and Chief Financial Officer's ultimate responsibility to ensure we maintain disclosure controls and procedures designed to provide reasonable assurance that information required to be disclosed in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms and is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our disclosure controls and procedures include mandatory communication of material events, automated accounting processing and reporting, management review of monthly, quarterly and annual results, an established system of internal controls and internal control reviews by our internal auditors. 

A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Furthermore, the design of a control system must reflect the fact there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to errors or fraud may occur and not be detected.  Our disclosure controls and procedures are designed to provide a reasonable level of assurance that their objectives are achieved.  As of July 29, 2017, management of the Company, including the Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934). Based upon and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded our disclosure controls and procedures were effective at the reasonable assurance level. There were no significant changes to internal control over financial

44

reporting during the quarter ended July 29, 2017 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.   

On December 13, 2016, we acquired Allen Edmonds. As a result of the acquisition, we are in the process of reviewing the internal control structure of Allen Edmonds and, if necessary, will make appropriate changes as we incorporate our internal controls into the acquired business.

PART II OTHER INFORMATION

ITEM 1 LEGAL PROCEEDINGS

We are involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management, the outcome of such ordinary course of business proceedings and litigation currently pending will not have a material adverse effect on our results of operations or financial position. All legal costs associated with litigation are expensed as incurred. 

Information regarding Legal Proceedings is set forth within Note 16 to the condensed consolidated financial statements and incorporated by reference herein. 

ITEM 1A RISK FACTORS

There have been no material changes that have occurred related to our risk factors since the end of the most recent fiscal year. For further information, see Part I, Item 1A of our Annual Report on Form 10-K for the year ended January 28, 2017.  

ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table provides information relating to our repurchases of common stock during the second quarter of 2017:

					Maximum Number of Shares that May Yet be Purchased Under the Program (2)
				Total Number Purchased as Part of Publicly Announced Program (2)
	Total Number of Shares Purchased (1)	Average Price Paid per Share (1)
Fiscal Period
April 30, 2017 – May 27, 2017	2,213	$	27.63	—	1,223,500
May 28, 2017 – July 1, 2017	2,501	26.39		—	1,223,500
July 2, 2017 – July 29, 2017	—	—		—	1,223,500
Total	4,714	$	26.97	—	1,223,500

(1) Reflects shares that were tendered by employees related to certain share-based awards. These shares were tendered in satisfaction of the exercise price of stock options and/or to satisfy minimum tax withholding amounts for non-qualified stock options, restricted stock and stock performance awards. Accordingly, these share purchases are not considered a part of our publicly announced stock repurchase program.

(2) On August 25, 2011, the Board of Directors approved a stock repurchase program authorizing the repurchase of up to 2,500,000 shares of our outstanding common stock. We can use the repurchase program to repurchase shares on the open market or in private transactions from time to time, depending on market conditions. The repurchase program does not have an expiration date. Under this plan, zero and 225,000 shares were repurchased during the thirteen and twenty-six weeks ended July 29, 2017, respectively. The Company repurchased 450,000 and 900,000 shares during the thirteen and twenty-six weeks ended July 30, 2016, respectively. There were 1,223,500 shares authorized to be repurchased under the program as of July 29, 2017. Our repurchases of common stock are limited under our debt agreements. 

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ITEM 3 DEFAULTS UPON SENIOR SECURITIES

None. 

ITEM 4 MINE SAFETY DISCLOSURES

Not applicable. 

ITEM 5 OTHER INFORMATION

None. 

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ITEM 6 EXHIBITS

Exhibit   No.
3.1		Restated Certificate of Incorporation of Caleres, Inc. (the “Company”) incorporated herein by reference to Exhibit 3.1 to the Company's Form 8-K filed June 1, 2015.
3.2		Bylaws of the Company as amended through April 6, 2017, incorporated herein by reference to Exhibit 3.1 to the Company’s Form 8-K filed April 11, 2017.
31.1	†	Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	†	Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	†	Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	†	XBRL Instance Document
101.SCH  101.CAL  101.LAB  101.PRE  101.DEF	†  †  †  †  †	XBRL Taxonomy Extension Schema Document   XBRL Taxonomy Extension Calculation Linkbase Document   XBRL Taxonomy Extension Label Linkbase Document   XBRL Taxonomy Presentation Linkbase Document   XBRL Taxonomy Definition Linkbase Document

† Denotes exhibit is filed with this Form 10-Q. 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. 

	CALERES, INC.
Date: September 6, 2017	/s/ Kenneth H. Hannah
	Kenneth H. Hannah Senior Vice President and Chief Financial Officer   on behalf of the Registrant and as the Principal Financial Officer and Principal Accounting Officer

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EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Diane M. Sullivan, certify that:

1. I have reviewed this report on Form 10-Q of Caleres, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Diane M. Sullivan

Diane M. Sullivan

Chief Executive Officer, President and Chairman of the Board of Directors

Caleres, Inc.

September 6, 2017

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Kenneth H. Hannah, certify that:

1. I have reviewed this report on Form 10-Q of Caleres, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Kenneth H. Hannah

Kenneth H. Hannah

Senior Vice President and Chief Financial Officer

Caleres, Inc.

September 6, 2017

EX-32.1

Exhibit 32.1

Certification Pursuant to

18 U.S.C. §1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Caleres, Inc. (the “Registrant”) on Form 10-Q for the quarter ended July 29, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), we, Diane M. Sullivan, Chief Executive Officer, President and Chairman of the Board of Directors of the Registrant, and Kenneth H. Hannah, Senior Vice President and Chief Financial Officer of the Registrant, certify, to the best of our knowledge, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

/s/ Diane M. Sullivan

Diane M. Sullivan

Chief Executive Officer, President and Chairman of the Board of Directors

Caleres, Inc.

September 6, 2017

/s/ Kenneth H. Hannah

Kenneth H. Hannah

Senior Vice President and Chief Financial Officer

Caleres, Inc.

September 6, 2017

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Document and Entity Information - shares	6 Months Ended
	Jul. 29, 2017	Aug. 25, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	CALERES INC
Entity Central Index Key	0000014707
Current Fiscal Year End Date	--02-03
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 29, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		42,965,855

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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Current assets:
Cash and cash equivalents	$ 52,942	$ 55,332	$ 165,729
Receivables, net	143,616	153,121	144,309
Inventories, net	722,005	585,764	648,881
Prepaid expenses and other current assets	36,972	49,528	30,190
Total current assets	955,535	843,745	989,109
Other assets	69,589	68,574	115,448
Goodwill	127,081	127,098	13,954
Intangible assets, net	214,114	216,660	115,106
Property and equipment	539,732	531,104	489,638
Allowance for depreciation	(321,894)	(311,908)	(302,862)
Property and equipment, net	217,838	219,196	186,776
Total assets	1,584,157	1,475,273	1,420,393
Current liabilities:
Borrowings under revolving credit agreement	35,000	110,000	0
Trade accounts payable	402,812	266,370	358,751
Other accrued expenses	170,499	151,225	142,085
Total current liabilities	608,311	527,595	500,836
Other liabilities:
Long-term debt	197,233	197,003	196,774
Deferred rent	52,227	51,124	47,452
Other liabilities	85,212	85,065	60,566
Total other liabilities	334,672	333,192	304,792
Equity:
Common stock	430	430	429
Additional paid-in capital	124,851	121,537	119,241
Accumulated other comprehensive loss	(28,051)	(30,434)	(5,375)
Retained earnings	542,499	521,584	499,492
Total Caleres, Inc. shareholders’ equity	639,729	613,117	613,787
Noncontrolling interests	1,445	1,369	978
Total equity	641,174	614,486	614,765
Total liabilities and equity	$ 1,584,157	$ 1,475,273	$ 1,420,393

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Condensed Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Income Statement [Abstract]
Net sales	$ 676,954	$ 622,937	$ 1,308,463	$ 1,207,670
Cost of goods sold	389,493	363,382	750,094	700,322
Gross profit	287,461	259,555	558,369	507,348
Selling and administrative expenses	253,500	227,297	497,575	446,347
Restructuring and other special charges, net	2,865	0	3,973	0
Operating earnings	31,096	32,258	56,821	61,001
Interest expense	(4,637)	(3,479)	(9,681)	(7,089)
Interest income	262	310	497	557
Earnings before income taxes	26,721	29,089	47,637	54,469
Income tax provision	(9,047)	(9,410)	(15,079)	(16,912)
Net earnings	17,674	19,679	32,558	37,557
Net earnings (loss) attributable to noncontrolling interests	79	(89)	61	6
Net earnings attributable to Caleres, Inc.	$ 17,595	$ 19,768	$ 32,497	$ 37,551
Basic earnings per common share:
Basic earnings per common share attributable to Caleres, Inc. shareholders	$ 0.41	$ 0.46	$ 0.76	$ 0.87
Diluted earnings per common share:
Diluted earnings per common share attributable to Caleres, Inc. shareholders	0.41	0.46	0.75	0.86
Dividends per common share	$ 0.07	$ 0.07	$ 0.14	$ 0.14

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Condensed Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Statement of Comprehensive Income [Abstract]
Net earnings	$ 17,674	$ 19,679	$ 32,558	$ 37,557
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	1,820	(804)	1,280	1,506
Pension and other postretirement benefits adjustments	309	(288)	727	(576)
Derivative financial instruments	(402)	(229)	376	(441)
Other comprehensive income (loss), net of tax	1,727	(1,321)	2,383	489
Comprehensive income	19,401	18,358	34,941	38,046
Comprehensive income (loss) attributable to noncontrolling interests	99	(120)	76	(10)
Comprehensive income attributable to Caleres, Inc.	$ 19,302	$ 18,478	$ 34,865	$ 38,056

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016
Net cash provided by operating activities
Net earnings	$ 32,558	$ 37,557
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	22,874	18,325
Amortization of capitalized software	7,243	6,366
Amortization of intangible assets	2,046	1,839
Amortization of debt issuance costs and debt discount	864	864
Share-based compensation expense	5,804	4,329
Excess tax benefit related to share-based plans	0	(3,248)
Loss on disposal of property and equipment	471	519
Impairment charges for property and equipment	2,119	536
Deferred rent	1,103	946
Provision for doubtful accounts	294	105
Changes in operating assets and liabilities:
Receivables	9,211	9,301
Inventories	(134,465)	(101,032)
Prepaid expenses and other current and noncurrent assets	8,158	24,799
Trade accounts payable	136,108	120,949
Accrued expenses and other liabilities	19,399	(14,353)
Other, net	493	762
Net cash provided by operating activities	114,280	108,564
Investing Activities
Purchases of property and equipment	(24,251)	(27,443)
Capitalized software	(3,152)	(3,778)
Net cash used for investing activities	(27,403)	(31,221)
Financing Activities
Borrowings under revolving credit agreement	400,000	103,000
Repayments under revolving credit agreement	(475,000)	(103,000)
Dividends paid	(6,030)	(6,089)
Acquisition of treasury stock	(5,993)	(23,139)
Issuance of common stock under share-based plans, net	(2,490)	(4,086)
Excess tax benefit related to share-based plans	0	3,248
Net cash used for financing activities	(89,513)	(30,066)
Effect of exchange rate changes on cash and cash equivalents	246	301
(Decrease) increase in cash and cash equivalents	(2,390)	47,578
Cash and cash equivalents at beginning of period	55,332	118,151
Cash and cash equivalents at end of period	$ 52,942	$ 165,729

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Basis of Presentation

6 Months Ended

Jul. 29, 2017

Accounting Policies [Abstract]

Basis of Presentation

Note 1 Basis of Presentation

The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the United States Securities and Exchange Commission (“SEC”) and reflect all adjustments and accruals of a normal recurring nature, which management believes are necessary to present fairly the financial position, results of operations, comprehensive income and cash flows of Caleres, Inc. (the "Company"). These statements, however, do not include all information and footnotes necessary for a complete presentation of the Company's consolidated financial position, results of operations, comprehensive income and cash flows in conformity with accounting principles generally accepted in the United States. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries, after the elimination of intercompany accounts and transactions. 

The Company’s business is seasonal in nature due to consumer spending patterns, with higher back-to-school and Christmas holiday season sales. Traditionally, the third fiscal quarter accounts for a substantial portion of the Company’s earnings for the year. Interim results may not necessarily be indicative of results which may be expected for any other interim period or for the year as a whole. 

Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications did not affect net earnings attributable to Caleres, Inc. 

For further information, refer to the consolidated financial statements and footnotes included in the Company's Annual Report on Form 10-K for the year ended January 28, 2017.

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Impact of New Accounting Pronouncements

6 Months Ended

Jul. 29, 2017

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Impact of New Accounting Pronouncements

Note 2 Impact of New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606), and subsequently issued ASU 2015-14 to defer the effective date. Several ASUs to clarify the implementation guidance in ASU 2014-09 have also been issued.  Topic 606 provides a five-step analysis of transactions to determine when and how revenue is recognized, based upon the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2014-09 also requires additional disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.  The ASUs are effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted beginning after December 15, 2016.  Although the ASUs will impact revenue recognition for both of the Company's reportable segments, the impact will be more significant on the Famous Footwear segment, primarily due to the ASUs' required treatment for loyalty programs. The new standard will require a deferral of revenue associated with loyalty points issued under the Company's loyalty program using a relative stand-alone selling price method.

The Company has established an implementation team to develop and execute the plan to adopt the ASUs. The implementation plan, which continues to be executed and refined, includes changes to the Company's accounting policies and practices, systems and controls to support the new revenue recognition and disclosure requirements. The implementation team is currently assessing the impact of the new standard on each of its revenue streams. The Company plans to adopt the ASUs in the first quarter of 2018 using the modified retrospective method. Although the implementation may result in a significant initial adjustment to certain liabilities, including deferred revenue, the adoption of the standard is not anticipated to significantly impact the Company's condensed consolidated statements of earnings on an ongoing basis.

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (Topic 330), which requires entities to measure inventory at "the lower of cost and net realizable value", simplifying the current guidance under which entities must measure inventory at the lower of cost or market. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Subsequent measurement is unchanged for inventory measured using the last-in, first-out (LIFO) method. The Company adopted the ASU during the first quarter of 2017, which did not have a material impact on the condensed consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which requires lessees to recognize most leases on the balance sheet. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 using a modified retrospective approach, with early adoption permitted. The Company has formed an implementation team and is in the process of evaluating its leases and upgrading its accounting systems to comply with the ASU. Due to the large number of retail operating leases to which the Company is a party, the Company anticipates that the impact to its condensed consolidated financial statements upon adoption in the first quarter of 2019 will be material. However, the adoption of the ASU is not expected to trigger non-compliance with any covenant or other restrictions under the provisions of any of the Company’s debt obligations. 

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718), which simplifies accounting for certain aspects of share-based payments to employees, including income taxes, forfeitures and statutory income tax withholding requirements, as well as classification in the statement of cash flows. The Company adopted the ASU during the first quarter of 2017, which had the following impact to the condensed consolidated financial statements:

• The Company recognized excess tax benefits of $1.1 million related to share-based plans during the twenty-six weeks ended July 29, 2017, which are required to be recognized in the statements of earnings on a prospective basis. Prior to the adoption of the ASU, the excess tax benefit related to share-based plans was recorded in additional paid-in-capital.

• The Company elected to adopt the provision of the ASU to account for forfeitures as they occur. This election was applied on a modified retrospective basis, resulting in a net increase to Caleres, Inc. shareholders' equity of $0.4 million.

• The ASU requires cash flows from excess tax benefits related to share-based payments to be reported as operating activities in the condensed consolidated statements of cash flows. The Company elected to adopt this provision on a prospective basis and as a result, the excess tax benefit related to share-based plans for the twenty-six weeks ended July 30, 2016 is presented as a financing activity, while the benefit for the twenty-six weeks ended July 29, 2017 is presented as an operating activity.

In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, which requires the recognition of the income tax effects of intercompany sales and intra-entity transfers of assets, other than inventory, when the transfer occurs. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The ASU will be adopted during the first quarter of 2018 using a modified retrospective approach. While the Company is finalizing its assessment of the impact of this ASU on its condensed consolidated financial statements, the adoption of the ASU is expected to result in a cumulative adjustment to deferred taxes and retained earnings related to intra-entity transfers of intangible assets that occurred prior to adoption.

In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The ASU amends ASC 715, Compensation — Retirement Benefits, to require employers that present a measure of operating income in their statements of earnings to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit, and settlement and curtailment effects, are to be included in non-operating expenses. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Upon adoption of the ASU during the first quarter of 2018, the Company will separately present the components of net periodic benefit cost or income, excluding the service cost component, in non-operating expenses on a retrospective basis. Net periodic benefit income, excluding the service cost component, was $2.7 million and $5.1 million for the thirteen and twenty-six weeks ended July 29, 2017, respectively.

In May 2017, the FASB issued ASU 2017-09, Compensation — Stock Compensation (Topic 718), Scope of Modification Accounting. The ASU clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as a modification. Entities will apply modification accounting if the value, vesting conditions or classification of the award changes. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The guidance will be applied prospectively to awards modified after the Company adopts the ASU in the first quarter of 2018.

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Acquisition

6 Months Ended

Jul. 29, 2017

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Note 3 Acquisition

On December 13, 2016, the Company entered into a Stock Purchase Agreement (the "Purchase Agreement") with Apollo Investors, LLC (the "Seller") and Apollo Buyer Holding Company, Inc. (the "Holding Company"), pursuant to which the Company acquired all outstanding capital stock of Allen Edmonds ("Allen Edmonds"). The aggregate purchase price for the Allen Edmonds stock was $259.9 million, net of cash received of $0.7 million. The purchase was funded with cash and funds available under the Company's revolving credit agreement. The operating results of Allen Edmonds have been included in the Company’s condensed consolidated financial statements within the Brand Portfolio segment since December 13, 2016. The assets and liabilities of Allen Edmonds were recorded at their estimated fair values and the excess of the purchase price over the fair value of the assets acquired and liabilities assumed, including identified intangible assets, was recorded as goodwill during the fourth quarter of 2016.

The Company’s purchase price allocation contains uncertainties because it required management to make assumptions and to apply judgment to estimate the fair value of the acquired assets and liabilities. A single estimate of fair value results from a complex series of judgments about future events and uncertainties and relies heavily on estimates and assumptions. The judgments the Company used in estimating the fair values assigned to each class of the acquired assets and assumed liabilities could materially affect the results of its operations. Management estimated the fair value of the assets and liabilities based upon quoted market prices, the carrying value of the acquired assets and widely accepted valuation techniques, including discounted cash flows. Unanticipated events or circumstances may occur, which could affect the accuracy of the Company’s fair value estimates, including assumptions regarding industry economic factors and business strategies. As of July 29, 2017, the purchase price allocation is substantially complete.

During the thirteen weeks ended July 29, 2017, the Company recognized $1.9 million in cost of goods sold ($1.2 million on an after-tax basis, or $0.03 per diluted share) related to the amortization of the inventory fair value adjustment required for purchase accounting. The Company recognized $4.9 million in cost of goods sold ($3.0 million on an after-tax basis, or $0.07 per diluted share) during the twenty-six weeks ended July 29, 2017. As further discussed in Note 5 to the condensed consolidated financial statements, the Company also incurred integration costs during the thirteen and twenty-six weeks ended July 29, 2017.

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Earnings Per Share

6 Months Ended

Jul. 29, 2017

Earnings Per Share [Abstract]

Earnings Per Share

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 July 29, 2017 and July 30, 2016:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
($ thousands, except per share amounts)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
NUMERATOR
Net earnings	$	17,674		$	19,679		$	32,558		$	37,557
Net (earnings) loss attributable to noncontrolling interests	(79		)	89			(61		)	(6		)
Net earnings allocated to participating securities	(490		)	(523		)	(895		)	(1,014		)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$	17,105		$	19,245		$	31,602		$	36,537
DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	41,783			42,043			41,807			42,238
Dilutive effect of share-based awards	171			142			172			151
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	41,954			42,185			41,979			42,389
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.41		$	0.46		$	0.76		$	0.87
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.41		$	0.46		$	0.75		$	0.86

Options to purchase 16,667 shares of common stock for the thirteen and twenty-six weeks endedJuly 29, 2017 and 66,165 shares of common stock for the thirteen and twenty-six weeks ended July 30, 2016 were not included in the denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders because the effect would be anti-dilutive.

During the thirteen and twenty-six weeks endedJuly 29, 2017, the Company repurchased zero and 225,000 shares, respectively, under the publicly announced share repurchase program, which permits repurchases of up to 2.5 million shares. The Company repurchased 450,000 and 900,000 shares during the thirteen and twenty-six weeks ended July 30, 2016, respectively. As of July 29, 2017, the Company has repurchased a total of 1.3 million shares under this program.

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Restructuring and Other Initiatives

6 Months Ended

Jul. 29, 2017

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Note5 Restructuring and Other Initiatives

During the thirteen and twenty-six weeks ended July 29, 2017, the Company incurred integration and reorganization costs, primarily for professional fees and severance expense, totaling $2.9 million ($1.9 million on an after-tax basis, or $0.04 per diluted share) and $4.0 million ($2.6 million on an after-tax basis, or $0.06 per diluted share), respectively, related to the men's business. Of the $2.9 million in costs presented as restructuring and other special charges, net in the condensed consolidated statements of earnings for the thirteen weeks ended July 29, 2017, $2.2 million is reflected within the Other category and $0.7 million is reflected within the Brand Portfolio segment. Of the $4.0 million in restructuring and other special charges for the twenty-six weeks ended July 29, 2017, $2.5 million is reflected within the Other category and $1.5 million is reflected within the Brand Portfolio segment. There were no restructuring charges incurred during the thirteen or twenty-six weeks ended July 30, 2016.

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Business Segment Information

6 Months Ended

Jul. 29, 2017

Segment Reporting [Abstract]

Business Segment Information

Note 6 Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended July 29, 2017 and July 30, 2016:  

	Famous Footwear		Brand Portfolio
($ thousands)					Other			Total
Thirteen Weeks Ended July 29, 2017
External sales	$	404,930	$	272,024	$	—		$	676,954
Intersegment sales	—		29,850		—			29,850
Operating earnings (loss)	25,112		15,916		(9,932		)	31,096
Segment assets	636,399		839,674		108,084			1,584,157
Thirteen Weeks Ended July 30, 2016
External sales	$	390,123	$	232,814	$	—		$	622,937
Intersegment sales	—		30,589		—			30,589
Operating earnings (loss)	22,604		17,463		(7,809		)	32,258
Segment assets	644,446		518,636		257,311			1,420,393
Twenty-Six Weeks Ended July 29, 2017
External sales	$	771,424	$	537,039	$	—		$	1,308,463
Intersegment sales	—		44,550		—			44,550
Operating earnings (loss)	45,391		29,230		(17,800		)	56,821
Twenty-Six Weeks Ended July 30, 2016
External sales	$	754,719	$	452,951	$	—		$	1,207,670
Intersegment sales	—		46,152		—			46,152
Operating earnings (loss)	48,358		27,085		(14,442		)	61,001

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)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Operating earnings	$	31,096		$	32,258		$	56,821		$	61,001
Interest expense	(4,637		)	(3,479		)	(9,681		)	(7,089		)
Interest income	262			310			497			557
Earnings before income taxes	$	26,721		$	29,089		$	47,637		$	54,469

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Inventories

6 Months Ended

Jul. 29, 2017

Inventory Disclosure [Abstract]

Inventories

Note7 Inventories

The Company's net inventory balance was comprised of the following:

($ thousands)	July 29, 2017		July 30, 2016		January 28, 2017
Raw materials	$	18,951	$	734	$	15,378
Work-in-process	840		—		1,093
Finished goods	702,214		648,147		569,293
Inventories, net	$	722,005	$	648,881	$	585,764

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Goodwill and Intangible Assets

6 Months Ended

Jul. 29, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note8 Goodwill and Intangible Assets

Goodwill and intangible assets were as follows:

($ thousands)	July 29, 2017			July 30, 2016			January 28, 2017
Intangible Assets
Famous Footwear	$	2,800		$	2,800		$	2,800
Brand Portfolio	285,988			183,068			286,488
Total intangible assets	288,788			185,868			289,288
Accumulated amortization	(74,674		)	(70,762		)	(72,628		)
Total intangible assets, net	214,114			115,106			216,660
Goodwill
Brand Portfolio	127,081			13,954			127,098
Total goodwill	127,081			13,954			127,098
Goodwill and intangible assets, net	$	341,195		$	129,060		$	343,758

As further described in Note 3 to the condensed consolidated financial statements, the Company acquired Allen Edmonds on December 13, 2016. The allocation of the purchase price resulted in incremental intangible assets of $102.9 million, consisting of trademarks and customer relationships of $97.5 million and $5.4 million, respectively, and incremental goodwill of $113.1 million.

The Company's intangible assets as of July 29, 2017, July 30, 2016 and January 28, 2017 were as follows:

($ thousands)		July 29, 2017
	Estimated Useful Lives	Original Cost			Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,288		$	74,449	$	90,839
Trademarks	Indefinite	118,100		(1)	—		118,100
Customer relationships	15 years	5,400		(1)	225		5,175
		$	288,788		$	74,674	$	214,114

		July 30, 2016
	Estimated Useful Lives	Original Cost		Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,068	$	70,762	$	94,306
Trademarks	Indefinite	20,800		—		20,800
		$	185,868	$	70,762	$	115,106

		January 28, 2017
	Estimated Useful Lives	Original Cost			Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,288		$	72,604	$	92,684
Trademarks	Indefinite	117,900		(1)	—		117,900
Customer relationships	15 years	6,100		(1)	24		6,076
		$	289,288		$	72,628	$	216,660
(1) The Allen Edmonds trademark and customer relationships intangible assets were acquired in the Allen Edmonds acquisition, as further discussed in Note 3 to the condensed consolidated financial statements. Immaterial adjustments attributable to the purchase price allocation were recorded during the thirteen weeks ended April 29, 2017, resulting in an adjustment to the original cost.

Amortization expense related to intangible assets was $1.0 million and $0.9 million for the thirteen weeks ended July 29, 2017 and July 30, 2016, respectively, and $2.0 million and $1.8 million for the twenty-six weeks ended July 29, 2017 and July 30, 2016, respectively.

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Shareholders' Equity

6 Months Ended

Jul. 29, 2017

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Note9 Shareholders’ Equity

The following tables set forth the changes in Caleres, Inc. shareholders’ equity and noncontrolling interests for the twenty-six weeks ended July 29, 2017 and July 30, 2016:

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests		Total Equity
Equity at January 28, 2017	$	613,117		$	1,369	$	614,486
Net earnings	32,497			61		32,558
Other comprehensive income	2,383			15		2,398
Dividends paid	(6,030		)	—		(6,030		)
Acquisition of treasury stock	(5,993		)	—		(5,993		)
Issuance of common stock under share-based plans, net	(2,490		)	—		(2,490		)
Cumulative-effect adjustment from adoption of ASU 2016-09	441			—		441
Share-based compensation expense	5,804			—		5,804
Equity at July 29, 2017	$	639,729		$	1,445	$	641,174

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests			Total Equity
Equity at January 30, 2016	$	601,484		$	988		$	602,472
Net earnings	37,551			6			37,557
Other comprehensive income (loss)	489			(16		)	473
Dividends paid	(6,089		)	—			(6,089		)
Acquisition of treasury stock	(23,139		)	—			(23,139		)
Issuance of common stock under share-based plans, net	(4,086		)	—			(4,086		)
Excess tax benefit related to share-based plans	3,248			—			3,248
Share-based compensation expense	4,329			—			4,329
Equity at July 30, 2016	$	613,787		$	978		$	614,765

Accumulated Other Comprehensive Loss

The following table sets forth the changes in accumulated other comprehensive loss (OCL) by component for the periods ended July 29, 2017 and July 30, 2016:

($ thousands)	Foreign Currency Translation			Pension and Other Postretirement Transactions (1)			Derivative Financial Instrument Transactions (2)			Accumulated Other Comprehensive (Loss) Income
Balance April 29, 2017	$	(348	)	$	(29,666	)	$	236		$	(29,778	)
Other comprehensive income (loss) before reclassifications	1,820			—			(295		)	1,525
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			500			(164		)	336
Tax (benefit) provision	—			(191		)	57			(134		)
Net reclassifications	—			309			(107		)	202
Other comprehensive income (loss)	1,820			309			(402		)	1,727
Balance July 29, 2017	$	1,472		$	(29,357	)	$	(166	)	$	(28,051	)
Balance April 30, 2016	$	1,410		$	(5,644	)	$	180		$	(4,054	)
Other comprehensive loss before reclassifications	(804		)	—			(351		)	(1,155		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			(477		)	190			(287		)
Tax provision (benefit)	—			189			(68		)	121
Net reclassifications	—			(288		)	122			(166		)
Other comprehensive loss	(804		)	(288		)	(229		)	(1,321		)
Balance July 30, 2016	$	606		$	(5,932	)	$	(49	)	$	(5,375	)
Balance January 28, 2017	$	192		$	(30,084	)	$	(542	)	(30,434		)
Other comprehensive income before reclassifications	1,280			—			458			1,738
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			1,179			(117		)	1,062
Tax (benefit) provision	—			(452		)	35			(417		)
Net reclassifications	—			727			(82		)	645
Other comprehensive income	1,280			727			376			2,383
Balance July 29, 2017	$	1,472		$	(29,357	)	$	(166	)	$	(28,051	)
Balance January 30, 2016	$	(900	)	$	(5,356	)	$	392		$	(5,864	)
Other comprehensive income (loss) before reclassifications	1,506			—			(639		)	867
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			(954		)	313			(641		)
Tax provision (benefit)	—			378			(115		)	263
Net reclassifications	—			(576		)	198			(378		)
Other comprehensive income (loss)	1,506			(576		)	(441		)	489
Balance July 30, 2016	$	606		$	(5,932	)	$	(49	)	$	(5,375	)

(1) Amounts reclassified are included in selling and administrative expenses. See Note 11 to the condensed consolidated financial statements for additional information related to pension and other postretirement benefits.

(2) Amounts reclassified are included in net sales, costs of goods sold, selling and administrative expenses and interest expense. See Notes 12 and 13 to the condensed consolidated financial statements for additional information related to derivative financial instruments.

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Share-Based Compensation

6 Months Ended

Jul. 29, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

Note 10 Share-Based Compensation

The Company recognized share-based compensation expense of $3.1 million and $2.3 million during the thirteen weeks and $5.8 million and $4.3 million during the twenty-six weeks ended July 29, 2017 and July 30, 2016, respectively. In addition to share-based compensation expense, the Company recognized cash-based expense related to performance share units and cash awards granted under the performance share plans of zero and $0.9 million during the thirteen weeks and $0.1 million and $1.5 million during the twenty-six weeks ended July 29, 2017 and July 30, 2016, respectively.

The Company had net repurchases of 12,472 and 5,947 shares of common stock during the thirteen weeks ended July 29, 2017 and July 30, 2016, respectively, for restricted stock grants, stock performance awards issued to employees, stock options exercised and common and restricted stock grants issued to directors, net of forfeitures and shares withheld to satisfy the minimum tax withholding requirement. During the twenty-six weeks ended July 29, 2017 and July 30, 2016, the Company issued 241,886 and 180,825 shares of common stock, respectively, related to these share-based plans.

Restricted Stock 

The following table summarizes restricted stock activity for the periods ended July 29, 2017 and July 30, 2016:

	Thirteen Weeks Ended					Thirteen Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
April 29, 2017	1,217,334		$	27.96	April 30, 2016	1,150,749		$	25.38
Granted	4,492		27.83		Granted	13,800		24.85
Forfeited	(17,500	)	28.56		Forfeited	(19,250	)	26.59
Vested	(10,000	)	18.80		Vested	(6,000	)	11.72
July 29, 2017	1,194,326		$	28.03	July 30, 2016	1,139,299		$	25.42
	Twenty-Six Weeks Ended					Twenty-Six Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
January 28, 2017	1,128,049		$	25.85	January 30, 2016	1,262,449		$	19.55
Granted	356,312		26.91		Granted	350,600		26.57
Forfeited	(30,000	)	27.75		Forfeited	(48,500	)	22.94
Vested	(260,035	)	17.07		Vested	(425,250	)	9.22
July 29, 2017	1,194,326		$	28.03	July 30, 2016	1,139,299		$	25.42

All of the restricted shares granted during the thirteen weeks ended July 29, 2017 have a cliff-vesting term of one year. Of the 356,312 restricted shares granted during the twenty-six weeks ended July 29, 2017, 4,492 shares have a cliff-vesting term of one year, 12,000 shares have a graded-vesting term of four years and 339,820 shares have a cliff-vesting term of four years. All of the restricted shares granted during the thirteen and twenty-six weeks ended July 30, 2016 have a cliff-vesting term of four years. Share-based compensation expense is recognized on a straight-line basis over the respective vesting periods.

Performance Share Awards

During the thirteen weeks ended July 29, 2017 and July 30, 2016, the Company granted no performance share awards. During the twenty-six weeks ended July 29, 2017 and July 30, 2016, the Company granted performance share awards for a targeted 169,500 and 159,000 shares, respectively with a weighted-average grant date fair value of $26.90 and $26.64, respectively. Vesting of performance-based awards is dependent upon the financial performance of the Company and the attainment of certain financial goals during the three-year period following the grant. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of the specified financial goals for the service period. Compensation expense is recognized based on the fair value of the award and the anticipated number of shares or units to be awarded for each tranche in accordance with the vesting schedule of the units over the three-year service period. The performance share units are settled in cash and their fair value is based on the unadjusted quoted market price for the Company’s common stock on each measurement date. During the first quarter of 2017, the Company's remaining performance share awards granted in units vested and were settled in cash at fair value. Refer to Note 13 to the condensed consolidated financial statements for further discussion regarding performance share units.

Stock Options

The following table summarizes stock option activity for the periods ended July 29, 2017 and July 30, 2016:

	Thirteen Weeks Ended					Thirteen Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Stock Options					Total Number of Stock Options
April 29, 2017	97,292		$	6.39	April 30, 2016	229,105		$	8.99
Granted	—		—		Granted	—		—
Exercised	(5,250	)	5.93		Exercised	(6,315	)	9.28
Forfeited	—		—		Forfeited	—		—
Expired	—		—		Expired	—		—
July 29, 2017	92,042		$	6.42	July 30, 2016	222,790		$	8.98
	Twenty-Six Weeks Ended					Twenty-Six Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Stock Options					Total Number of Stock Options
January 28, 2017	150,540		$	9.36	January 30, 2016	301,295		$	8.95
Granted	—		—		Granted	—		—
Exercised	(11,250	)	5.74		Exercised	(56,381	)	7.41
Forfeited	—		—		Forfeited	(7,499	)	15.94
Expired	(47,248	)	15.94		Expired	(14,625	)	10.75
July 29, 2017	92,042		$	6.42	July 30, 2016	222,790		$	8.98

Restricted Stock Units for Non-Employee Directors

Equity-based grants may be made to non-employee directors in the form of cash-equivalent restricted stock units ("RSUs"). The RSUs earn dividend equivalents at the same rate as dividends on the Company's common stock. The dividend equivalents, which vest immediately, are automatically re-invested in additional RSUs. Expense is recognized at fair value when the dividend equivalents are granted. The Company granted 45,830 and 53,310 RSUs to non-employee directors, including 910 and 1,110 RSUs for dividend equivalents, during the thirteen weeks ended July 29, 2017 and July 30, 2016, respectively, with weighted-average grant date fair values of $27.84 and $21.62, respectively. The Company granted 46,712 and 54,163 RSUs, including 1,792 and 1,963 RSUs for dividend equivalents, during the twenty-six weeks ended July 29, 2017 and July 30, 2016, respectively, with weighted-average grant date fair values of $27.81 and $21.72, respectively.

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Retirement and Other Benefit Plans

6 Months Ended

Jul. 29, 2017

Compensation and Retirement Disclosure [Abstract]

Retirement and Other Benefit Plans

Note11 Retirement and Other Benefit Plans

The following table sets forth the components of net periodic benefit income for the Company, including domestic and Canadian plans:

	Pension Benefits						Other Postretirement Benefits
	Thirteen Weeks Ended						Thirteen Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Service cost	$	2,383		$	1,904		$	—		$	—
Interest cost	3,727			3,810			16			15
Expected return on assets	(6,913		)	(7,252		)	—			—
Amortization of:
Actuarial loss (gain)	996			39			(35		)	(55		)
Prior service income	(461		)	(461		)	—			—
Settlement cost	—			250			—			—
Total net periodic benefit income	$	(268	)	$	(1,710	)	$	(19	)	$	(40	)
	Pension Benefits						Other Postretirement Benefits
	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Service cost	$	4,850		$	4,167		$	—		$	—
Interest cost	7,474			7,671			34			30
Expected return on assets	(13,793		)	(14,475		)	—			—
Amortization of:
Actuarial loss (gain)	2,148			77			(73		)	(110		)
Prior service income	(896		)	(921		)	—			—
Settlement cost	—			250			—			—
Total net periodic benefit income	$	(217	)	$	(3,231	)	$	(39	)	$	(80	)

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Risk Management and Derivatives

6 Months Ended

Jul. 29, 2017

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Risk Management And Derivatives

Note 12 Risk Management and Derivatives

In the normal course of business, the Company’s financial results are impacted by currency rate movements in foreign currency denominated assets, liabilities and cash flows as it makes a portion of its purchases and sales in local currencies. The Company has established policies and business practices that are intended to mitigate a portion of the effect of these exposures. The Company uses derivative financial instruments, primarily forward contracts, to manage its currency exposures. These derivative financial instruments are viewed as risk management tools and are not used for trading or speculative purposes. Derivatives entered into by the Company are designated as cash flow hedges of forecasted foreign currency transactions. 

Derivative financial instruments expose the Company to credit and market risk. The market risk associated with these instruments resulting from currency exchange movements is expected to offset the market risk of the underlying transactions being hedged. The Company does not believe there is a significant risk of loss in the event of non-performance by the counterparties associated with these instruments because these transactions are executed with major international financial institutions and have varying maturities through August 2018. Credit risk is managed through the continuous monitoring of exposures to such counterparties. 

The Company’s hedging strategy uses forward contracts as cash flow hedging instruments, which are recorded in the Company's condensed consolidated balance sheets at fair value. The effective portion of gains and losses resulting from changes in the fair value of these hedge instruments are deferred in accumulated other comprehensive loss and reclassified to earnings in the period that the hedged transaction is recognized in earnings.

Hedge ineffectiveness is evaluated using the hypothetical derivative method. The amount of hedge ineffectiveness for the thirteen and twenty-six weeks ended July 29, 2017 and July 30, 2016 was not material. 

As of July 29, 2017, July 30, 2016 and January 28, 2017, the Company had forward contracts maturing at various dates through August 2018, July 2017 and February 2018, respectively. The contract amounts in the following table represent the net notional amount of all purchase and sale contracts of a foreign currency. 

(U.S. $ equivalent in thousands)	July 29, 2017		July 30, 2016		January 28, 2017
Financial Instruments
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	$	18,110	$	17,404	$	18,826
Euro	14,725		13,544		13,297
Chinese yuan	11,887		12,477		7,723
New Taiwanese dollars	567		522		526
United Arab Emirates dirham	254		939		823
Japanese yen	176		1,026		769
Other currencies	14		174		124
Total financial instruments	$	45,733	$	46,086	$	42,088

The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of July 29, 2017, July 30, 2016 and January 28, 2017 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange forward contracts:
July 29, 2017	Prepaid expenses and other current assets	$	918	Other accrued expenses	$	1,083
July 30, 2016	Prepaid expenses and other current assets	365		Other accrued expenses	565
January 28, 2017	Prepaid expenses and other current assets	234		Other accrued expenses	874

For the periods ended July 29, 2017 and July 30, 2016, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings was as follows:

	Thirteen Weeks Ended					Thirteen Weeks Ended
($ thousands)	July 29, 2017					July 30, 2016
Foreign exchange forward contracts: Income Statement Classification (Losses) Gains - Realized	Loss Recognized in OCL on Derivatives			Gain Reclassified from Accumulated OCL into Earnings		(Loss) Gain Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(8	)	$	6	$	(25	)	$	(36	)
Cost of goods sold	(55		)	158		(472		)	33
Selling and administrative expenses	(194		)	—		(75		)	(187		)
Interest expense	(14		)	—		14			—

	Twenty-Six Weeks Ended						Twenty-Six Weeks Ended
($ thousands)	July 29, 2017						July 30, 2016
Foreign exchange forward contracts: Income Statement Classification (Losses) Gains - Realized	(Loss) Gain Recognized in OCL on Derivatives			Gain (Loss) Reclassified from Accumulated OCL into Earnings			Loss Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(40	)	$	24		$	(189	)	$	(72	)
Cost of goods sold	737			161			(585		)	116
Selling and administrative expenses	117			(67		)	(24		)	(357		)
Interest expense	(10		)	(1		)	(24		)	—

All gains and losses currently included within accumulated other comprehensive loss associated with the Company’s foreign exchange forward contracts are expected to be reclassified into net earnings within the next 12 months. Additional information related to the Company’s derivative financial instruments are disclosed within Note 13 to the condensed consolidated financial statements.

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Fair Value Measurements

6 Months Ended

Jul. 29, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 13 Fair Value Measurements

Fair Value Hierarchy

Fair value measurement disclosure requirements specify a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (“observable inputs”) or reflect the Company’s own assumptions of market participant valuation (“unobservable inputs”). In accordance with the fair value guidance, the inputs to valuation techniques used to measure fair value are categorized into three levels based on the reliability of the inputs as follows: 

• Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;

• Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly; and

• Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

In determining fair value, the Company uses valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk in its assessment of fair value. Classification of the financial or non-financial asset or liability within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. 

Measurement of Fair Value

The Company measures fair value as an exit price, the price to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date, using the procedures described below for all financial and non-financial assets and liabilities measured at fair value. 

Money Market Funds

The Company has cash equivalents consisting of short-term money market funds backed by U.S. Treasury securities. The primary objective of these investing activities is to preserve the Company’s capital for the purpose of funding operations and it does not enter into money market funds for trading or speculative purposes. The fair value is based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1). 

Deferred Compensation Plan Assets and Liabilities 

The Company maintains a non-qualified deferred compensation plan (the “Deferred Compensation Plan”) for the benefit of certain management employees. The investment funds offered to the participants generally correspond to the funds offered in the Company’s 401(k) plan, and the account balance fluctuates with the investment returns on those funds. The Deferred Compensation Plan permits the deferral of up to 50% of base salary and 100% of compensation received under the Company’s annual incentive plan. The deferrals are held in a separate trust, which has been established by the Company to administer the Deferred Compensation Plan. The assets of the trust are subject to the claims of the Company’s creditors in the event that the Company becomes insolvent. Consequently, the trust qualifies as a grantor trust for income tax purposes (i.e., a “Rabbi Trust”). The liabilities of the Deferred Compensation Plan are presented in other accrued expenses and the assets held by the trust are classified as trading securities within prepaid expenses and other current assets in the accompanying condensed consolidated balance sheets. Changes in deferred compensation plan assets and liabilities are charged to selling and administrative expenses. The fair value is based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1). 

Deferred Compensation Plan for Non-Employee Directors

Non-employee directors are eligible to participate in a deferred compensation plan with deferred amounts valued as if invested in the Company’s common stock through the use of phantom stock units (“PSUs”). Under the plan, each participating director’s account is credited with the number of PSUs equal to the number of shares of the Company’s common stock that the participant could purchase or receive with the amount of the deferred compensation, based upon the average of the high and low prices of the Company’s common stock on the last trading day of the fiscal quarter when the cash compensation was earned. Dividend equivalents are paid on PSUs at the same rate as dividends on the Company’s common stock and are re-invested in additional PSUs at the next fiscal quarter-end. The liabilities of the plan are based on the fair value of the outstanding PSUs and are presented in other accrued expenses (current portion) or other liabilities in the accompanying condensed consolidated balance sheets. Gains and losses resulting from changes in the fair value of the PSUs are presented in selling and administrative expenses in the Company’s condensed consolidated statements of earnings. The fair value of each PSU is based on an unadjusted quoted market price for the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1). 

Restricted Stock Units for Non-Employee Directors

Under the Company’s incentive compensation plans, cash-equivalent restricted stock units (“RSUs”) of the Company may be granted at no cost to non-employee directors. The RSUs are subject to a vesting requirement (usually one year), earn dividend-equivalent units, and are settled in cash on the date the director terminates service or such earlier date as a director may elect, subject to restrictions, based on the then current fair value of the Company’s common stock. The fair value of each RSU is based on an unadjusted quoted market price for the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1).  Additional information related to RSUs for non-employee directors is disclosed in Note 10 to the condensed consolidated financial statements.

Performance Share Units

Under the Company’s incentive compensation plans, common stock or cash may be awarded at the end of the performance period at no cost to certain officers and key employees if certain financial goals are met. Under the plan, employees are granted performance share awards at a target number of shares or units, which generally vest over a three-year service period. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of specified financial goals for the service period. The fair value of each performance share unit is based on an unadjusted quoted market price of the Company’s common stock in an active market with sufficient volume and frequency on each measurement date (Level 1).  During the first quarter of 2017, the Company's remaining performance share awards granted in units vested and were settled in cash at fair value.

Derivative Financial Instruments

The Company uses derivative financial instruments, primarily foreign exchange contracts, to reduce its exposure to market risks from changes in foreign exchange rates. These foreign exchange contracts are measured at fair value using quoted forward foreign exchange prices from counterparties corroborated by market-based pricing (Level 2). Additional information related to the Company’s derivative financial instruments is disclosed in Note 12 to the condensed consolidated financial statements. 

Secured Convertible Note

The Companyreceived a secured convertible note as partial consideration for the 2014 disposition of Shoes.com, and the convertible note was measured at fair value using unobservable inputs (Level 3). During the fourth quarter of 2016, the convertible note was fully impaired.

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at July 29, 2017, July 30, 2016 and January 28, 2017. The Company did not have any transfers between Level 1, Level 2 or Level 3 during the twenty-six weeks ended July 29, 2017 or July 30, 2016.   

				Fair Value Measurements
($ thousands)	Total			Level 1			Level 2			Level 3
Asset (Liability)
July 29, 2017:
Cash equivalents – money market funds	$	16,163		$	16,163		$	—		$	—
Non-qualified deferred compensation plan assets	5,637			5,637			—			—
Non-qualified deferred compensation plan liabilities	(5,637		)	(5,637		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,154		)	(2,154		)	—			—
Restricted stock units for non-employee directors	(9,088		)	(9,088		)	—			—
Derivative financial instruments, net	(165		)	—			(165		)	—
July 30, 2016:
Cash equivalents – money market funds	$	132,320		$	132,320		$	—		$	—
Non-qualified deferred compensation plan assets	4,637			4,637			—			—
Non-qualified deferred compensation plan liabilities	(4,637		)	(4,637		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,705		)	(1,705		)	—			—
Restricted stock units for non-employee directors	(9,060		)	(9,060		)	—			—
Performance share units	(2,347		)	(2,347		)	—			—
Derivative financial instruments, net	(200		)	—			(200		)	—
Secured convertible note	7,190			—			—			7,190
January 28, 2017:
Cash equivalents – money market funds	$	27,530		$	27,530		$	—		$	—
Non-qualified deferred compensation plan assets	5,051			5,051			—			—
Non-qualified deferred compensation plan liabilities	(5,051		)	(5,051		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,909		)	(1,909		)	—			—
Restricted stock units for non-employee directors	(9,390		)	(9,390		)	—			—
Performance share units	(3,352		)	(3,352		)	—			—
Derivative financial instruments, net	(640		)	—			(640		)	—

Impairment Charges

The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers important that could trigger an impairment review include underperformance relative to expected historical or projected future operating results, a significant change in the manner of the use of the asset, or a negative industry or economic trend. When the Company determines that the carrying value of long-lived assets may not be recoverable based upon the existence of one or more of the aforementioned factors, impairment is measured based on a projected discounted cash flow method. Certain factors, such as estimated store sales and expenses, used for this nonrecurring fair value measurement are considered Level 3 inputs as defined by FASB ASC 820, Fair Value Measurement. Long-lived assets held and used with a carrying amount of $114.6 million and $96.6 million at July 29, 2017 and July 30, 2016, respectively, were assessed for indicators of impairment and written down to their fair value. This assessment resulted in the following impairment charges, primarily for leasehold improvements and furniture and fixtures in the Company's retail stores, which were included in selling and administrative expenses for the respective periods.

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
($ thousands)	July 29, 2017		July 30, 2016		July 29, 2017		July 30, 2016
Impairment Charges
Famous Footwear	$	150	$	—	$	300	$	134
Brand Portfolio	1,020		225		1,819		402
Total impairment charges	$	1,170	$	225	$	2,119	$	536

Fair Value of the Company’s Other Financial Instruments

The fair values of cash and cash equivalents (excluding money market funds discussed above), receivables and trade accounts payable approximate their carrying values due to the short-term nature of these instruments.

The carrying amounts and fair values of the Company's other financial instruments subject to fair value disclosures are as follows:

	July 29, 2017				July 30, 2016				January 28, 2017
	Carrying		Fair		Carrying		Fair		Carrying		Fair
($ thousands)	Value		Value		Value		Value		Value		Value
Borrowings under revolving credit agreement	$	35,000	$	35,000	$	—	$	—	$	110,000	$	110,000
Long-term debt	197,233		209,500		196,774		205,500		197,003		209,000
Total debt	$	232,233	$	244,500	$	196,774	$	205,500	$	307,003	$	319,000

The fair value of borrowings under revolving credit agreement approximates its carrying value due to its short-term nature (Level 1). The fair value of the Company’s long-term debt was based upon quoted prices in an inactive market as of the end of the respective periods (Level 2).

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Income Taxes

6 Months Ended

Jul. 29, 2017

Income Tax Disclosure [Abstract]

Income Taxes

Note 14 Income Taxes

The Company’s effective tax rate can vary considerably from period to period, depending on a number of factors.  The Company’s consolidated effective tax rates were 33.9% and 32.3%, respectively, for the thirteen weeks ended July 29, 2017 and July 30, 2016. During the thirteen weeks ended July 30, 2016, the Company recognized a discrete tax benefit of $0.2 million, reflecting the settlement of a federal tax audit issue. If the discrete tax benefit had not been recognized during the thirteen weeks ended July 30, 2016, the Company's effective tax rate would have been 33.0%. Excluding the discrete tax item, the Company's tax rate is higher for the thirteen weeks ended July 29, 2017, reflecting a lower mix of international earnings in our lowest tax rate jurisdictions.

For the twenty-six weeks ended July 29, 2017 and July 30, 2016, the Company's consolidated effective tax rates were 31.7% and 31.0%, respectively. As a result of the adoption of ASU 2016-09 during the first quarter of 2017, which requires prospective recognition of excess tax benefits and deficiencies in the statement of earnings, the Company recognized a discrete tax benefit of $1.1 million related to share-based compensation. Discrete tax benefits of $0.9 million were recognized during the twenty-six weeks ended July 30, 2016, reflecting the settlement of a federal tax audit issue. If these discrete tax benefits had not been recognized during the twenty-six weeks ended July 29, 2017 and July 30, 2016, the Company's effective tax rates would have been 33.9% and 32.7%, respectively. Excluding the discrete tax items, the Company's tax rate is higher for the twenty-six weeks ended July 29, 2017, reflecting a lower mix of international earnings in our lowest tax rate jurisdictions.

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Related Party Transactions

6 Months Ended

Jul. 29, 2017

Related Party Transactions [Abstract]

Related Party Transactions

Note 15 Related Party Transactions

C. banner International Holdings Limited

The Company has a joint venture agreement with a subsidiary of C. banner International Holdings Limited (“CBI”) to market Naturalizer footwear in China. The Company is a 51% owner of the joint venture (“B&H Footwear”), with CBI owning the other 49%. The license enabling the joint venture to market the footwear expired in August 2017 and the parties are in the process of dissolving their joint venture arrangements. B&H Footwear sold Naturalizer footwear to a retail affiliate of CBI on a wholesale basis, which in turn sold the Naturalizer products through department store shops and free-standing stores in China.  The Company, through its consolidated subsidiary, B&H Footwear, sold Naturalizer footwear on a wholesale basis to CBI totaling $1.6 million and $3.8 million for the thirteen and twenty-six weeks ended July 30, 2016, respectively, with no corresponding sales during 2017.

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Commitments and Contingencies

6 Months Ended

Jul. 29, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Note 16 Commitments and Contingencies

Environmental Remediation

Prior operations included numerous manufacturing and other facilities for which the Company may have responsibility under various environmental laws for the remediation of conditions that may be identified in the future. The Company is involved in environmental remediation and ongoing compliance activities at several sites and has been notified that it is or may be a potentially responsible party at several other sites.

Redfield

The Company is remediating, under the oversight of Colorado authorities, the groundwater and indoor air at its owned facility in Colorado (the “Redfield site” or, when referring to remediation activities at or under the facility, the “on-site remediation”) and residential neighborhoods adjacent to and near the property (the “off-site remediation”) that have been affected by solvents previously used at the facility. The on-site remediation calls for the operation of a pump and treat system (which prevents migration of contaminated groundwater off the property) as the final remedy for the site, subject to monitoring and periodic review of the on-site conditions and other remedial technologies that may be developed in the future. In May 2016, the Company submitted a revised plan to address on-site conditions, including direct treatment of source areas, and received approval from the oversight authorities to begin implementing the revised plan.

As the treatment of the on-site source areas progresses, the Company expects to convert the pump and treat system to a passive treatment barrier system. Off-site groundwater concentrations have been reducing over time since installation of the pump and treat system in 2000 and injection of clean water beginning in 2003. However, localized areas of contaminated bedrock just beyond the property line continue to impact off-site groundwater. The modified work plan for addressing this condition includes converting the off-site bioremediation system into a monitoring well network and employing different remediation methods in these recalcitrant areas. In accordance with the work plan, a pilot test was conducted of certain groundwater remediation methods and the results of that test were used to develop more detailed plans for remedial activities in the off-site areas, which were approved by the authorities and are being implemented in a phased manner. The results of groundwater monitoring are being used to evaluate the effectiveness of these activities. In 2014, the Company submitted a proposed expanded remedy work plan that was accepted by the oversight authorities during 2015. The Company continues to implement the expanded remedy work plan.

The cumulative expenditures for both on-site and off-site remediation through July 29, 2017 were $29.5 million. The Company has recovered a portion of these expenditures from insurers and other third parties. The reserve for the anticipated future remediation activities at July 29, 2017 is $9.5 million, of which $8.6 million is recorded within other liabilities and $0.9 million is recorded within other accrued expenses. Of the total $9.5 million reserve, $4.5 million is for on-site remediation and $5.0 million is for off-site remediation. The liability for the on-site remediation was discounted at 4.8%. On an undiscounted basis, the on-site remediation liability would be $14.5 million as of July 29, 2017. The Company expects to spend approximately $0.5 million in the next fiscal year, $0.1 million in each of the following four years and $13.6 million in the aggregate thereafter related to the on-site remediation.

Other

Various federal and state authorities have identified the Company as a potentially responsible party for remediation at certain other sites. However, the Company does not currently believe that its liability for such sites, if any, would be material.

The Company continues to evaluate its estimated costs in conjunction with its environmental consultants and records its best estimate of such liabilities. However, future actions and the associated costs are subject to oversight and approval of various governmental authorities. Accordingly, the ultimate costs may vary, and it is possible costs may exceed the recorded amounts.

Litigation

The Company is involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management, the outcome of such ordinary course of business proceedings and litigation currently pending is not expected to have a material adverse effect on the Company’s results of operations or financial position. Legal costs associated with litigation are generally expensed as incurred.

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Financial Information for the Company and its Subsidiaries

6 Months Ended

Jul. 29, 2017

Financial Information For The Company And Its Subsidiaries [Abstract]

Financial Information For The Company And Its Subsidiaries

Note 17 Financial Information for the Company and its Subsidiaries

The Company issued senior notes, which are fully and unconditionally and jointly and severally guaranteed by all of its existing and future subsidiaries that are guarantors under our revolving credit facility ("Credit Agreement"). The following tables present the condensed consolidating financial information for each of Caleres, Inc. (“Parent”), the Guarantors, and subsidiaries of the Parent that are not Guarantors (the “Non-Guarantors”), together with consolidating eliminations, as of and for the periods indicated. Guarantors are 100% owned by the Parent. On December 13, 2016, Allen Edmonds was joined to the Credit Agreement as a guarantor. After giving effect to the joinder, the Company is the lead borrower, and Sidney Rich Associates, Inc., BG Retail, LLC and Allen Edmonds are each co-borrowers and guarantors under the Credit Agreement.

The condensed consolidating financial statements have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information. Management believes that the information, presented in lieu of complete financial statements for each of the Guarantors, provides meaningful information to allow investors to determine the nature of the assets held by, and operations and cash flows of, each of the consolidated groups.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
JULY 29, 2017
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	12,712	$	20,638	$	19,592		$	—		$	52,942
Receivables, net	117,672		5,670		20,274			—			143,616
Inventories, net	174,839		516,704		30,462			—			722,005
Prepaid expenses and other current assets	23,944		14,463		7,466			(8,901		)	36,972
Intercompany receivable – current	845		134		25,056			(26,035		)	—
Total current assets	330,012		557,609		102,850			(34,936		)	955,535
Other assets	51,273		17,432		884			—			69,589
Goodwill and intangible assets, net	112,221		40,937		188,037			—			341,195
Property and equipment, net	32,428		172,802		12,608			—			217,838
Investment in subsidiaries	1,263,829		—		(22,724		)	(1,241,105		)	—
Intercompany receivable – noncurrent	745,812		519,304		669,176			(1,934,292		)	—
Total assets	$	2,535,575	$	1,308,084	$	950,831		$	(3,210,333	)	$	1,584,157
Liabilities and Equity
Current liabilities
Borrowings under revolving credit agreement	$	35,000	$	—	$	—		$	—		$	35,000
Trade accounts payable	124,675		247,169		30,968			—			402,812
Other accrued expenses	72,364		87,425		19,611			(8,901		)	170,499
Intercompany payable – current	14,523		—		11,512			(26,035		)	—
Total current liabilities	246,562		334,594		62,091			(34,936		)	608,311
Other liabilities
Long-term debt	197,233		—		—			—			197,233
Other liabilities	91,645		40,810		4,984			—			137,439
Intercompany payable – noncurrent	1,360,406		119,152		454,734			(1,934,292		)	—
Total other liabilities	1,649,284		159,962		459,718			(1,934,292		)	334,672
Equity
Caleres, Inc. shareholders’ equity	639,729		813,528		427,577			(1,241,105		)	639,729
Noncontrolling interests	—		—		1,445			—			1,445
Total equity	639,729		813,528		429,022			(1,241,105		)	641,174
Total liabilities and equity	$	2,535,575	$	1,308,084	$	950,831		$	(3,210,333	)	$	1,584,157

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	194,305		$	482,645		$	63,175		$	(63,171	)	$	676,954
Cost of goods sold	137,659			270,548			32,543			(51,257		)	389,493
Gross profit	56,646			212,097			30,632			(11,914		)	287,461
Selling and administrative expenses	60,363			190,444			14,607			(11,914		)	253,500
Restructuring and other special charges, net	2,661			37			167			—			2,865
Operating (loss) earnings	(6,378		)	21,616			15,858			—			31,096
Interest expense	(4,634		)	(3		)	—			—			(4,637		)
Interest income	85			—			177			—			262
Intercompany interest income (expense)	2,021			(2,189		)	168			—			—
(Loss) earnings before income taxes	(8,906		)	19,424			16,203			—			26,721
Income tax benefit (provision)	2,926			(8,053		)	(3,920		)	—			(9,047		)
Equity in earnings of subsidiaries, net of tax	23,575			—			271			(23,846		)	—
Net earnings	17,595			11,371			12,554			(23,846		)	17,674
Less: Net earnings attributable to noncontrolling interests	—			—			79			—			79
Net earnings attributable to Caleres, Inc.	$	17,595		$	11,371		$	12,475		$	(23,846	)	$	17,595
Comprehensive income	$	19,302		$	11,371		$	13,302		$	(24,574	)	$	19,401
Less: Comprehensive income attributable to noncontrolling interests	—			—			99			—			99
Comprehensive income attributable to Caleres, Inc.	$	19,302		$	11,371		$	13,203		$	(24,574	)	$	19,302

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	388,745		$	910,184		$	101,220		$	(91,686	)	$	1,308,463
Cost of goods sold	270,510			502,334			51,073			(73,823		)	750,094
Gross profit	118,235			407,850			50,147			(17,863		)	558,369
Selling and administrative expenses	112,787			372,791			29,860			(17,863		)	497,575
Restructuring and other special charges, net	3,769			37			167			—			3,973
Operating earnings	1,679			35,022			20,120			—			56,821
Interest expense	(9,669		)	(12		)	—			—			(9,681		)
Interest income	173			—			324			—			497
Intercompany interest income (expense)	4,104			(4,513		)	409			—			—
(Loss) earnings before income taxes	(3,713		)	30,497			20,853			—			47,637
Income tax benefit (provision)	1,839			(11,928		)	(4,990		)	—			(15,079		)
Equity in earnings (loss) of subsidiaries, net of tax	34,371			—			(777		)	(33,594		)	—
Net earnings	32,497			18,569			15,086			(33,594		)	32,558
Less: Net earnings attributable to noncontrolling interests	—			—			61			—			61
Net earnings attributable to Caleres, Inc.	$	32,497		$	18,569		$	15,025		$	(33,594	)	$	32,497
Comprehensive income	$	34,865		$	18,569		$	15,755		$	(34,248	)	$	34,941
Less: Comprehensive income attributable to noncontrolling interests	—			—			76			—			76
Comprehensive income attributable to Caleres, Inc.	$	34,865		$	18,569		$	15,679		$	(34,248	)	$	34,865

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(15,328	)	$	95,828		$	33,780		$	—	$	114,280
Investing activities
Purchases of property and equipment	(3,722		)	(17,762		)	(2,767		)	—		(24,251		)
Capitalized software	(2,686		)	(466		)	—			—		(3,152		)
Intercompany investing	(19,894		)	197,599			(177,705		)	—		—
Net cash (used for) provided by investing activities	(26,302		)	179,371			(180,472		)	—		(27,403		)
Financing activities
Borrowings under revolving credit agreement	400,000			—			—			—		400,000
Repayments under revolving credit agreement	(475,000		)	—			—			—		(475,000		)
Dividends paid	(6,030		)	—			—			—		(6,030		)
Acquisition of treasury stock	(5,993		)	—			—			—		(5,993		)
Issuance of common stock under share-based plans, net	(2,490		)	—			—			—		(2,490		)
Intercompany financing	119,856			(263,590		)	143,734			—		—
Net cash provided by (used for) financing activities	30,343			(263,590		)	143,734			—		(89,513		)
Effect of exchange rate changes on cash and cash equivalents	—			—			246			—		246
(Decrease) increase in cash and cash equivalents	(11,287		)	11,609			(2,712		)	—		(2,390		)
Cash and cash equivalents at beginning of period	23,999			9,029			22,304			—		55,332
Cash and cash equivalents at end of period	$	12,712		$	20,638		$	19,592		$	—	$	52,942

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
JULY 30, 2016
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	44,348	$	15,673	$	105,708		$	—		$	165,729
Receivables, net	112,384		1,787		30,138			—			144,309
Inventories, net	159,285		467,691		21,905			—			648,881
Prepaid expenses and other current assets	13,641		11,479		5,070			—			30,190
Intercompany receivable – current	743		213		21,263			(22,219		)	—
Total current assets	330,401		496,843		184,084			(22,219		)	989,109
Other assets	93,839		13,728		7,881			—			115,448
Goodwill and intangible assets, net	114,446		2,800		11,814			—			129,060
Property and equipment, net	31,087		146,373		9,316			—			186,776
Investment in subsidiaries	1,055,300		—		(20,569		)	(1,034,731		)	—
Intercompany receivable  –  noncurrent	479,611		374,047		559,593			(1,413,251		)	—
Total assets	$	2,104,684	$	1,033,791	$	752,119		$	(2,470,201	)	$	1,420,393
Liabilities and Equity
Current liabilities
Trade accounts payable	$	111,166	$	216,850	$	30,735		$	—		$	358,751
Other accrued expenses	52,474		72,987		16,624			—			142,085
Intercompany payable – current	11,924		—		10,295			(22,219		)	—
Total current liabilities	175,564		289,837		57,654			(22,219		)	500,836
Other liabilities
Long-term debt	196,774		—		—			—			196,774
Other liabilities	37,253		67,119		3,646			—			108,018
Intercompany payable – noncurrent	1,081,306		41,537		290,408			(1,413,251		)	—
Total other liabilities	1,315,333		108,656		294,054			(1,413,251		)	304,792
Equity
Caleres, Inc. shareholders’ equity	613,787		635,298		399,433			(1,034,731		)	613,787
Noncontrolling interests	—		—		978			—			978
Total equity	613,787		635,298		400,411			(1,034,731		)	614,765
Total liabilities and equity	$	2,104,684	$	1,033,791	$	752,119		$	(2,470,201	)	$	1,420,393

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	194,896		$	408,476		$	69,798		$	(50,233	)	$	622,937
Cost of goods sold	142,295			221,031			39,125			(39,069		)	363,382
Gross profit	52,601			187,445			30,673			(11,164		)	259,555
Selling and administrative expenses	52,841			170,463			15,157			(11,164		)	227,297
Operating (loss) earnings	(240		)	16,982			15,516			—			32,258
Interest expense	(3,481		)	2			—			—			(3,479		)
Interest income	174			—			136			—			310
Intercompany interest income (expense)	2,253			(2,276		)	23			—			—
(Loss) earnings before income taxes	(1,294		)	14,708			15,675			—			29,089
Income tax provision	(309		)	(6,436		)	(2,665		)	—			(9,410		)
Equity in earnings (loss) of subsidiaries, net of tax	21,371			—			(508		)	(20,863		)	—
Net earnings	19,768			8,272			12,502			(20,863		)	19,679
Less: Net loss attributable to noncontrolling interests	—			—			(89		)	—			(89		)
Net earnings attributable to Caleres, Inc.	$	19,768		$	8,272		$	12,591		$	(20,863	)	$	19,768
Comprehensive income	$	18,478		$	8,272		$	11,802		$	(20,194	)	$	18,358
Less: Comprehensive loss attributable to noncontrolling interests	—			—			(120		)	—			(120		)
Comprehensive income attributable to Caleres, Inc.	$	18,478		$	8,272		$	11,922		$	(20,194	)	$	18,478

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	382,083		$	791,522		$	108,594		$	(74,529	)	$	1,207,670
Cost of goods sold	272,204			425,658			62,019			(59,559		)	700,322
Gross profit	109,879			365,864			46,575			(14,970		)	507,348
Selling and administrative expenses	102,383			327,566			31,368			(14,970		)	446,347
Operating earnings	7,496			38,298			15,207			—			61,001
Interest expense	(7,089		)	—			—			—			(7,089		)
Interest income	331			—			226			—			557
Intercompany interest income (expense)	4,507			(4,578		)	71			—			—
Earnings before income taxes	5,245			33,720			15,504			—			54,469
Income tax provision	(1,175		)	(12,740		)	(2,997		)	—			(16,912		)
Equity in earnings (loss) of subsidiaries, net of tax	33,481			—			(1,045		)	(32,436		)	—
Net earnings	37,551			20,980			11,462			(32,436		)	37,557
Less: Net earnings attributable to noncontrolling interests	—			—			6			—			6
Net earnings attributable to Caleres, Inc.	$	37,551		$	20,980		$	11,456		$	(32,436	)	$	37,551
Comprehensive income	$	38,056		$	20,980		$	12,031		$	(33,021	)	$	38,046
Less: Comprehensive loss attributable to noncontrolling interests	—			—			(10		)	—			(10		)
Comprehensive income attributable to Caleres, Inc.	$	38,056		$	20,980		$	12,041		$	(33,021	)	$	38,056

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash provided by operating activities	$	20,198		$	68,129		$	20,237		$	—	$	108,564
Investing activities
Purchases of property and equipment	(1,525		)	(25,237		)	(681		)	—		(27,443		)
Capitalized software	(2,448		)	(1,300		)	(30		)	—		(3,778		)
Intercompany investing	(2,973		)	2,973			—			—		—
Net cash used for investing activities	(6,946		)	(23,564		)	(711		)	—		(31,221		)
Financing activities
Borrowings under revolving credit agreement	103,000			—			—			—		103,000
Repayments under revolving credit agreement	(103,000		)	—			—			—		(103,000		)
Dividends paid	(6,089		)	—			—			—		(6,089		)
Acquisition of treasury stock	(23,139		)	—			—			—		(23,139		)
Issuance of common stock under share-based plans, net	(4,086		)	—			—			—		(4,086		)
Excess tax benefit related to share-based plans	3,248			—			—			—		3,248
Intercompany financing	30,162			(28,892		)	(1,270		)	—		—
Net cash provided by (used for) financing activities	96			(28,892		)	(1,270		)	—		(30,066		)
Effect of exchange rate changes on cash and cash equivalents	—			—			301			—		301
Increase in cash and cash equivalents	13,348			15,673			18,557			—		47,578
Cash and cash equivalents at beginning of period	31,000			—			87,151			—		118,151
Cash and cash equivalents at end of period	$	44,348		$	15,673		$	105,708		$	—	$	165,729

CONDENSED CONSOLIDATING BALANCE SHEET
JANUARY 28, 2017
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	23,999	$	9,029	$	22,304		$	—		$	55,332
Receivables, net	118,746		5,414		28,961			—			153,121
Inventories, net	150,098		410,867		24,799			—			585,764
Prepaid expenses and other current assets	24,293		23,040		8,058			(5,863		)	49,528
Intercompany receivable  – current	695		263		22,091			(23,049		)	—
Total current assets	317,831		448,613		106,213			(28,912		)	843,745
Other assets	51,181		16,567		826			—			68,574
Goodwill and intangible assets, net	113,333		219,337		11,088			—			343,758
Property and equipment, net	31,424		176,358		11,414			—			219,196
Investment in subsidiaries	1,343,954		—		(21,946		)	(1,322,008		)	—
Intercompany receivable  – noncurrent	568,541		366,902		581,624			(1,517,067		)	—
Total assets	$	2,426,264	$	1,227,777	$	689,219		$	(2,867,987	)	$	1,475,273
Liabilities and Equity
Current liabilities
Borrowings under revolving credit agreement	$	110,000	$	—	$	—		$	—		$	110,000
Trade accounts payable	116,783		112,434		37,153			—			266,370
Other accrued expenses	74,941		65,228		16,919			(5,863		)	151,225
Intercompany payable – current	12,794		—		10,255			(23,049		)	—
Total current liabilities	314,518		177,662		64,327			(28,912		)	527,595
Other liabilities
Long-term debt	197,003		—		—			—			197,003
Other liabilities	91,683		40,507		3,999			—			136,189
Intercompany payable – noncurrent	1,209,943		98,982		208,142			(1,517,067		)	—
Total other liabilities	1,498,629		139,489		212,141			(1,517,067		)	333,192
Equity
Caleres, Inc. shareholders’ equity	613,117		910,626		411,382			(1,322,008		)	613,117
Noncontrolling interests	—		—		1,369			—			1,369
Total equity	613,117		910,626		412,751			(1,322,008		)	614,486
Total liabilities and equity	$	2,426,264	$	1,227,777	$	689,219		$	(2,867,987	)	$	1,475,273

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Earnings Per Share (Tables)

6 Months Ended

Jul. 29, 2017

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Common Share

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 29, 2017 and July 30, 2016:

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
($ thousands, except per share amounts)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
NUMERATOR
Net earnings	$	17,674		$	19,679		$	32,558		$	37,557
Net (earnings) loss attributable to noncontrolling interests	(79		)	89			(61		)	(6		)
Net earnings allocated to participating securities	(490		)	(523		)	(895		)	(1,014		)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$	17,105		$	19,245		$	31,602		$	36,537
DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	41,783			42,043			41,807			42,238
Dilutive effect of share-based awards	171			142			172			151
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	41,954			42,185			41,979			42,389
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.41		$	0.46		$	0.76		$	0.87
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.41		$	0.46		$	0.75		$	0.86

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Business Segment Information (Tables)

6 Months Ended

Jul. 29, 2017

Segment Reporting [Abstract]

Schedule of Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended July 29, 2017 and July 30, 2016:  

	Famous Footwear		Brand Portfolio
($ thousands)					Other			Total
Thirteen Weeks Ended July 29, 2017
External sales	$	404,930	$	272,024	$	—		$	676,954
Intersegment sales	—		29,850		—			29,850
Operating earnings (loss)	25,112		15,916		(9,932		)	31,096
Segment assets	636,399		839,674		108,084			1,584,157
Thirteen Weeks Ended July 30, 2016
External sales	$	390,123	$	232,814	$	—		$	622,937
Intersegment sales	—		30,589		—			30,589
Operating earnings (loss)	22,604		17,463		(7,809		)	32,258
Segment assets	644,446		518,636		257,311			1,420,393
Twenty-Six Weeks Ended July 29, 2017
External sales	$	771,424	$	537,039	$	—		$	1,308,463
Intersegment sales	—		44,550		—			44,550
Operating earnings (loss)	45,391		29,230		(17,800		)	56,821
Twenty-Six Weeks Ended July 30, 2016
External sales	$	754,719	$	452,951	$	—		$	1,207,670
Intersegment sales	—		46,152		—			46,152
Operating earnings (loss)	48,358		27,085		(14,442		)	61,001

Schedule of Reconciliation of Operating Earnings Before Income Taxes

Following is a reconciliation of operating earnings to earnings before income taxes:   

	Thirteen Weeks Ended						Twenty-six Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Operating earnings	$	31,096		$	32,258		$	56,821		$	61,001
Interest expense	(4,637		)	(3,479		)	(9,681		)	(7,089		)
Interest income	262			310			497			557
Earnings before income taxes	$	26,721		$	29,089		$	47,637		$	54,469

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Inventories (Tables)

6 Months Ended

Jul. 29, 2017

Inventory Disclosure [Abstract]

Schedule of Inventory

The Company's net inventory balance was comprised of the following:

($ thousands)	July 29, 2017		July 30, 2016		January 28, 2017
Raw materials	$	18,951	$	734	$	15,378
Work-in-process	840		—		1,093
Finished goods	702,214		648,147		569,293
Inventories, net	$	722,005	$	648,881	$	585,764

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Goodwill and Intangible Assets (Tables)

6 Months Ended

Jul. 29, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

Goodwill and intangible assets were as follows:

($ thousands)	July 29, 2017			July 30, 2016			January 28, 2017
Intangible Assets
Famous Footwear	$	2,800		$	2,800		$	2,800
Brand Portfolio	285,988			183,068			286,488
Total intangible assets	288,788			185,868			289,288
Accumulated amortization	(74,674		)	(70,762		)	(72,628		)
Total intangible assets, net	214,114			115,106			216,660
Goodwill
Brand Portfolio	127,081			13,954			127,098
Total goodwill	127,081			13,954			127,098
Goodwill and intangible assets, net	$	341,195		$	129,060		$	343,758

Schedule of Finite-Lived Intangible Assets

The Company's intangible assets as of July 29, 2017, July 30, 2016 and January 28, 2017 were as follows:

($ thousands)		July 29, 2017
	Estimated Useful Lives	Original Cost			Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,288		$	74,449	$	90,839
Trademarks	Indefinite	118,100		(1)	—		118,100
Customer relationships	15 years	5,400		(1)	225		5,175
		$	288,788		$	74,674	$	214,114

		July 30, 2016
	Estimated Useful Lives	Original Cost		Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,068	$	70,762	$	94,306
Trademarks	Indefinite	20,800		—		20,800
		$	185,868	$	70,762	$	115,106

		January 28, 2017
	Estimated Useful Lives	Original Cost			Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,288		$	72,604	$	92,684
Trademarks	Indefinite	117,900		(1)	—		117,900
Customer relationships	15 years	6,100		(1)	24		6,076
		$	289,288		$	72,628	$	216,660
(1) The Allen Edmonds trademark and customer relationships intangible assets were acquired in the Allen Edmonds acquisition, as further discussed in Note 3 to the condensed consolidated financial statements. Immaterial adjustments attributable to the purchase price allocation were recorded during the thirteen weeks ended April 29, 2017, resulting in an adjustment to the original cost.

Schedule of Indefinite-Lived Intangible Assets

The Company's intangible assets as of July 29, 2017, July 30, 2016 and January 28, 2017 were as follows:

($ thousands)		July 29, 2017
	Estimated Useful Lives	Original Cost			Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,288		$	74,449	$	90,839
Trademarks	Indefinite	118,100		(1)	—		118,100
Customer relationships	15 years	5,400		(1)	225		5,175
		$	288,788		$	74,674	$	214,114

		July 30, 2016
	Estimated Useful Lives	Original Cost		Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,068	$	70,762	$	94,306
Trademarks	Indefinite	20,800		—		20,800
		$	185,868	$	70,762	$	115,106

		January 28, 2017
	Estimated Useful Lives	Original Cost			Accumulated Amortization		Net Carrying Value
Trademarks	15-40 years	$	165,288		$	72,604	$	92,684
Trademarks	Indefinite	117,900		(1)	—		117,900
Customer relationships	15 years	6,100		(1)	24		6,076
		$	289,288		$	72,628	$	216,660
(1) The Allen Edmonds trademark and customer relationships intangible assets were acquired in the Allen Edmonds acquisition, as further discussed in Note 3 to the condensed consolidated financial statements. Immaterial adjustments attributable to the purchase price allocation were recorded during the thirteen weeks ended April 29, 2017, resulting in an adjustment to the original cost.

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Shareholders' Equity (Tables)

6 Months Ended

Jul. 29, 2017

Stockholders' Equity Note [Abstract]

Schedule of Changes in Shareholders' Equity and Noncontrolling Interests

The following tables set forth the changes in Caleres, Inc. shareholders’ equity and noncontrolling interests for the twenty-six weeks ended July 29, 2017 and July 30, 2016:

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests		Total Equity
Equity at January 28, 2017	$	613,117		$	1,369	$	614,486
Net earnings	32,497			61		32,558
Other comprehensive income	2,383			15		2,398
Dividends paid	(6,030		)	—		(6,030		)
Acquisition of treasury stock	(5,993		)	—		(5,993		)
Issuance of common stock under share-based plans, net	(2,490		)	—		(2,490		)
Cumulative-effect adjustment from adoption of ASU 2016-09	441			—		441
Share-based compensation expense	5,804			—		5,804
Equity at July 29, 2017	$	639,729		$	1,445	$	641,174

($ thousands)	Caleres, Inc. Shareholders’ Equity			Noncontrolling Interests			Total Equity
Equity at January 30, 2016	$	601,484		$	988		$	602,472
Net earnings	37,551			6			37,557
Other comprehensive income (loss)	489			(16		)	473
Dividends paid	(6,089		)	—			(6,089		)
Acquisition of treasury stock	(23,139		)	—			(23,139		)
Issuance of common stock under share-based plans, net	(4,086		)	—			(4,086		)
Excess tax benefit related to share-based plans	3,248			—			3,248
Share-based compensation expense	4,329			—			4,329
Equity at July 30, 2016	$	613,787		$	978		$	614,765

Schedule of Accumulated Other Comprehensive Loss

The following table sets forth the changes in accumulated other comprehensive loss (OCL) by component for the periods ended July 29, 2017 and July 30, 2016:

($ thousands)	Foreign Currency Translation			Pension and Other Postretirement Transactions (1)			Derivative Financial Instrument Transactions (2)			Accumulated Other Comprehensive (Loss) Income
Balance April 29, 2017	$	(348	)	$	(29,666	)	$	236		$	(29,778	)
Other comprehensive income (loss) before reclassifications	1,820			—			(295		)	1,525
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			500			(164		)	336
Tax (benefit) provision	—			(191		)	57			(134		)
Net reclassifications	—			309			(107		)	202
Other comprehensive income (loss)	1,820			309			(402		)	1,727
Balance July 29, 2017	$	1,472		$	(29,357	)	$	(166	)	$	(28,051	)
Balance April 30, 2016	$	1,410		$	(5,644	)	$	180		$	(4,054	)
Other comprehensive loss before reclassifications	(804		)	—			(351		)	(1,155		)
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			(477		)	190			(287		)
Tax provision (benefit)	—			189			(68		)	121
Net reclassifications	—			(288		)	122			(166		)
Other comprehensive loss	(804		)	(288		)	(229		)	(1,321		)
Balance July 30, 2016	$	606		$	(5,932	)	$	(49	)	$	(5,375	)
Balance January 28, 2017	$	192		$	(30,084	)	$	(542	)	(30,434		)
Other comprehensive income before reclassifications	1,280			—			458			1,738
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			1,179			(117		)	1,062
Tax (benefit) provision	—			(452		)	35			(417		)
Net reclassifications	—			727			(82		)	645
Other comprehensive income	1,280			727			376			2,383
Balance July 29, 2017	$	1,472		$	(29,357	)	$	(166	)	$	(28,051	)
Balance January 30, 2016	$	(900	)	$	(5,356	)	$	392		$	(5,864	)
Other comprehensive income (loss) before reclassifications	1,506			—			(639		)	867
Reclassifications:
Amounts reclassified from accumulated other comprehensive loss	—			(954		)	313			(641		)
Tax provision (benefit)	—			378			(115		)	263
Net reclassifications	—			(576		)	198			(378		)
Other comprehensive income (loss)	1,506			(576		)	(441		)	489
Balance July 30, 2016	$	606		$	(5,932	)	$	(49	)	$	(5,375	)

(1) Amounts reclassified are included in selling and administrative expenses. See Note 11 to the condensed consolidated financial statements for additional information related to pension and other postretirement benefits.

(2) Amounts reclassified are included in net sales, costs of goods sold, selling and administrative expenses and interest expense. See Notes 12 and 13 to the condensed consolidated financial statements for additional information related to derivative financial instruments.

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Share-Based Compensation (Tables)

6 Months Ended

Jul. 29, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock, Activity

The following table summarizes restricted stock activity for the periods ended July 29, 2017 and July 30, 2016:

	Thirteen Weeks Ended					Thirteen Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
April 29, 2017	1,217,334		$	27.96	April 30, 2016	1,150,749		$	25.38
Granted	4,492		27.83		Granted	13,800		24.85
Forfeited	(17,500	)	28.56		Forfeited	(19,250	)	26.59
Vested	(10,000	)	18.80		Vested	(6,000	)	11.72
July 29, 2017	1,194,326		$	28.03	July 30, 2016	1,139,299		$	25.42
	Twenty-Six Weeks Ended					Twenty-Six Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
January 28, 2017	1,128,049		$	25.85	January 30, 2016	1,262,449		$	19.55
Granted	356,312		26.91		Granted	350,600		26.57
Forfeited	(30,000	)	27.75		Forfeited	(48,500	)	22.94
Vested	(260,035	)	17.07		Vested	(425,250	)	9.22
July 29, 2017	1,194,326		$	28.03	July 30, 2016	1,139,299		$	25.42

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes stock option activity for the periods ended July 29, 2017 and July 30, 2016:

	Thirteen Weeks Ended					Thirteen Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Stock Options					Total Number of Stock Options
April 29, 2017	97,292		$	6.39	April 30, 2016	229,105		$	8.99
Granted	—		—		Granted	—		—
Exercised	(5,250	)	5.93		Exercised	(6,315	)	9.28
Forfeited	—		—		Forfeited	—		—
Expired	—		—		Expired	—		—
July 29, 2017	92,042		$	6.42	July 30, 2016	222,790		$	8.98
	Twenty-Six Weeks Ended					Twenty-Six Weeks Ended
	July 29, 2017					July 30, 2016
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Stock Options					Total Number of Stock Options
January 28, 2017	150,540		$	9.36	January 30, 2016	301,295		$	8.95
Granted	—		—		Granted	—		—
Exercised	(11,250	)	5.74		Exercised	(56,381	)	7.41
Forfeited	—		—		Forfeited	(7,499	)	15.94
Expired	(47,248	)	15.94		Expired	(14,625	)	10.75
July 29, 2017	92,042		$	6.42	July 30, 2016	222,790		$	8.98

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Retirement and Other Benefit Plans (Tables)

6 Months Ended

Jul. 29, 2017

Compensation and Retirement Disclosure [Abstract]

Schedule of Components of Net Periodic Benefit Cost (Income)

The following table sets forth the components of net periodic benefit income for the Company, including domestic and Canadian plans:

	Pension Benefits						Other Postretirement Benefits
	Thirteen Weeks Ended						Thirteen Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Service cost	$	2,383		$	1,904		$	—		$	—
Interest cost	3,727			3,810			16			15
Expected return on assets	(6,913		)	(7,252		)	—			—
Amortization of:
Actuarial loss (gain)	996			39			(35		)	(55		)
Prior service income	(461		)	(461		)	—			—
Settlement cost	—			250			—			—
Total net periodic benefit income	$	(268	)	$	(1,710	)	$	(19	)	$	(40	)
	Pension Benefits						Other Postretirement Benefits
	Twenty-six Weeks Ended						Twenty-six Weeks Ended
($ thousands)	July 29, 2017			July 30, 2016			July 29, 2017			July 30, 2016
Service cost	$	4,850		$	4,167		$	—		$	—
Interest cost	7,474			7,671			34			30
Expected return on assets	(13,793		)	(14,475		)	—			—
Amortization of:
Actuarial loss (gain)	2,148			77			(73		)	(110		)
Prior service income	(896		)	(921		)	—			—
Settlement cost	—			250			—			—
Total net periodic benefit income	$	(217	)	$	(3,231	)	$	(39	)	$	(80	)

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Risk Management and Derivatives (Tables)

6 Months Ended

Jul. 29, 2017

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule of Contract Notional Amount of All Purchase and Sale Contracts of a Foreign Currency

As of July 29, 2017, July 30, 2016 and January 28, 2017, the Company had forward contracts maturing at various dates through August 2018, July 2017 and February 2018, respectively. The contract amounts in the following table represent the net notional amount of all purchase and sale contracts of a foreign currency. 

(U.S. $ equivalent in thousands)	July 29, 2017		July 30, 2016		January 28, 2017
Financial Instruments
U.S. dollars (purchased by the Company’s Canadian division with Canadian dollars)	$	18,110	$	17,404	$	18,826
Euro	14,725		13,544		13,297
Chinese yuan	11,887		12,477		7,723
New Taiwanese dollars	567		522		526
United Arab Emirates dirham	254		939		823
Japanese yen	176		1,026		769
Other currencies	14		174		124
Total financial instruments	$	45,733	$	46,086	$	42,088

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The classification and fair values of derivative instruments designated as hedging instruments included within the condensed consolidated balance sheets as of July 29, 2017, July 30, 2016 and January 28, 2017 are as follows:

	Asset Derivatives			Liability Derivatives
($ thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange forward contracts:
July 29, 2017	Prepaid expenses and other current assets	$	918	Other accrued expenses	$	1,083
July 30, 2016	Prepaid expenses and other current assets	365		Other accrued expenses	565
January 28, 2017	Prepaid expenses and other current assets	234		Other accrued expenses	874

Schedule of Effect of Derivative Instruments in Cash Flow Hedging Relationships on Condensed Consolidated Statements of Earnings

For the periods ended July 29, 2017 and July 30, 2016, the effect of derivative instruments in cash flow hedging relationships on the condensed consolidated statements of earnings was as follows:

	Thirteen Weeks Ended					Thirteen Weeks Ended
($ thousands)	July 29, 2017					July 30, 2016
Foreign exchange forward contracts: Income Statement Classification (Losses) Gains - Realized	Loss Recognized in OCL on Derivatives			Gain Reclassified from Accumulated OCL into Earnings		(Loss) Gain Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(8	)	$	6	$	(25	)	$	(36	)
Cost of goods sold	(55		)	158		(472		)	33
Selling and administrative expenses	(194		)	—		(75		)	(187		)
Interest expense	(14		)	—		14			—

	Twenty-Six Weeks Ended						Twenty-Six Weeks Ended
($ thousands)	July 29, 2017						July 30, 2016
Foreign exchange forward contracts: Income Statement Classification (Losses) Gains - Realized	(Loss) Gain Recognized in OCL on Derivatives			Gain (Loss) Reclassified from Accumulated OCL into Earnings			Loss Recognized in OCL on Derivatives			(Loss) Gain Reclassified from Accumulated OCL into Earnings
Net sales	$	(40	)	$	24		$	(189	)	$	(72	)
Cost of goods sold	737			161			(585		)	116
Selling and administrative expenses	117			(67		)	(24		)	(357		)
Interest expense	(10		)	(1		)	(24		)	—

XML

Fair Value Measurements (Tables)

6 Months Ended

Jul. 29, 2017

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at July 29, 2017, July 30, 2016 and January 28, 2017. The Company did not have any transfers between Level 1, Level 2 or Level 3 during the twenty-six weeks ended July 29, 2017 or July 30, 2016.   

				Fair Value Measurements
($ thousands)	Total			Level 1			Level 2			Level 3
Asset (Liability)
July 29, 2017:
Cash equivalents – money market funds	$	16,163		$	16,163		$	—		$	—
Non-qualified deferred compensation plan assets	5,637			5,637			—			—
Non-qualified deferred compensation plan liabilities	(5,637		)	(5,637		)	—			—
Deferred compensation plan liabilities for non-employee directors	(2,154		)	(2,154		)	—			—
Restricted stock units for non-employee directors	(9,088		)	(9,088		)	—			—
Derivative financial instruments, net	(165		)	—			(165		)	—
July 30, 2016:
Cash equivalents – money market funds	$	132,320		$	132,320		$	—		$	—
Non-qualified deferred compensation plan assets	4,637			4,637			—			—
Non-qualified deferred compensation plan liabilities	(4,637		)	(4,637		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,705		)	(1,705		)	—			—
Restricted stock units for non-employee directors	(9,060		)	(9,060		)	—			—
Performance share units	(2,347		)	(2,347		)	—			—
Derivative financial instruments, net	(200		)	—			(200		)	—
Secured convertible note	7,190			—			—			7,190
January 28, 2017:
Cash equivalents – money market funds	$	27,530		$	27,530		$	—		$	—
Non-qualified deferred compensation plan assets	5,051			5,051			—			—
Non-qualified deferred compensation plan liabilities	(5,051		)	(5,051		)	—			—
Deferred compensation plan liabilities for non-employee directors	(1,909		)	(1,909		)	—			—
Restricted stock units for non-employee directors	(9,390		)	(9,390		)	—			—
Performance share units	(3,352		)	(3,352		)	—			—
Derivative financial instruments, net	(640		)	—			(640		)	—

Schedule of Impairment Charges by Segment

This assessment resulted in the following impairment charges, primarily for leasehold improvements and furniture and fixtures in the Company's retail stores, which were included in selling and administrative expenses for the respective periods.

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
($ thousands)	July 29, 2017		July 30, 2016		July 29, 2017		July 30, 2016
Impairment Charges
Famous Footwear	$	150	$	—	$	300	$	134
Brand Portfolio	1,020		225		1,819		402
Total impairment charges	$	1,170	$	225	$	2,119	$	536

Schedule of Fair Value of Financial Instruments

The fair values of cash and cash equivalents (excluding money market funds discussed above), receivables and trade accounts payable approximate their carrying values due to the short-term nature of these instruments.

The carrying amounts and fair values of the Company's other financial instruments subject to fair value disclosures are as follows:

	July 29, 2017				July 30, 2016				January 28, 2017
	Carrying		Fair		Carrying		Fair		Carrying		Fair
($ thousands)	Value		Value		Value		Value		Value		Value
Borrowings under revolving credit agreement	$	35,000	$	35,000	$	—	$	—	$	110,000	$	110,000
Long-term debt	197,233		209,500		196,774		205,500		197,003		209,000
Total debt	$	232,233	$	244,500	$	196,774	$	205,500	$	307,003	$	319,000

XML

Financial Information for the Company and its Subsidiaries (Tables)

6 Months Ended

Jul. 29, 2017

Financial Information For The Company And Its Subsidiaries [Abstract]

Schedule of Condensed Consolidating Balance Sheet

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
JULY 30, 2016
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	44,348	$	15,673	$	105,708		$	—		$	165,729
Receivables, net	112,384		1,787		30,138			—			144,309
Inventories, net	159,285		467,691		21,905			—			648,881
Prepaid expenses and other current assets	13,641		11,479		5,070			—			30,190
Intercompany receivable – current	743		213		21,263			(22,219		)	—
Total current assets	330,401		496,843		184,084			(22,219		)	989,109
Other assets	93,839		13,728		7,881			—			115,448
Goodwill and intangible assets, net	114,446		2,800		11,814			—			129,060
Property and equipment, net	31,087		146,373		9,316			—			186,776
Investment in subsidiaries	1,055,300		—		(20,569		)	(1,034,731		)	—
Intercompany receivable  –  noncurrent	479,611		374,047		559,593			(1,413,251		)	—
Total assets	$	2,104,684	$	1,033,791	$	752,119		$	(2,470,201	)	$	1,420,393
Liabilities and Equity
Current liabilities
Trade accounts payable	$	111,166	$	216,850	$	30,735		$	—		$	358,751
Other accrued expenses	52,474		72,987		16,624			—			142,085
Intercompany payable – current	11,924		—		10,295			(22,219		)	—
Total current liabilities	175,564		289,837		57,654			(22,219		)	500,836
Other liabilities
Long-term debt	196,774		—		—			—			196,774
Other liabilities	37,253		67,119		3,646			—			108,018
Intercompany payable – noncurrent	1,081,306		41,537		290,408			(1,413,251		)	—
Total other liabilities	1,315,333		108,656		294,054			(1,413,251		)	304,792
Equity
Caleres, Inc. shareholders’ equity	613,787		635,298		399,433			(1,034,731		)	613,787
Noncontrolling interests	—		—		978			—			978
Total equity	613,787		635,298		400,411			(1,034,731		)	614,765
Total liabilities and equity	$	2,104,684	$	1,033,791	$	752,119		$	(2,470,201	)	$	1,420,393

CONDENSED CONSOLIDATING BALANCE SHEET
JANUARY 28, 2017
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	23,999	$	9,029	$	22,304		$	—		$	55,332
Receivables, net	118,746		5,414		28,961			—			153,121
Inventories, net	150,098		410,867		24,799			—			585,764
Prepaid expenses and other current assets	24,293		23,040		8,058			(5,863		)	49,528
Intercompany receivable  – current	695		263		22,091			(23,049		)	—
Total current assets	317,831		448,613		106,213			(28,912		)	843,745
Other assets	51,181		16,567		826			—			68,574
Goodwill and intangible assets, net	113,333		219,337		11,088			—			343,758
Property and equipment, net	31,424		176,358		11,414			—			219,196
Investment in subsidiaries	1,343,954		—		(21,946		)	(1,322,008		)	—
Intercompany receivable  – noncurrent	568,541		366,902		581,624			(1,517,067		)	—
Total assets	$	2,426,264	$	1,227,777	$	689,219		$	(2,867,987	)	$	1,475,273
Liabilities and Equity
Current liabilities
Borrowings under revolving credit agreement	$	110,000	$	—	$	—		$	—		$	110,000
Trade accounts payable	116,783		112,434		37,153			—			266,370
Other accrued expenses	74,941		65,228		16,919			(5,863		)	151,225
Intercompany payable – current	12,794		—		10,255			(23,049		)	—
Total current liabilities	314,518		177,662		64,327			(28,912		)	527,595
Other liabilities
Long-term debt	197,003		—		—			—			197,003
Other liabilities	91,683		40,507		3,999			—			136,189
Intercompany payable – noncurrent	1,209,943		98,982		208,142			(1,517,067		)	—
Total other liabilities	1,498,629		139,489		212,141			(1,517,067		)	333,192
Equity
Caleres, Inc. shareholders’ equity	613,117		910,626		411,382			(1,322,008		)	613,117
Noncontrolling interests	—		—		1,369			—			1,369
Total equity	613,117		910,626		412,751			(1,322,008		)	614,486
Total liabilities and equity	$	2,426,264	$	1,227,777	$	689,219		$	(2,867,987	)	$	1,475,273

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
JULY 29, 2017
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	12,712	$	20,638	$	19,592		$	—		$	52,942
Receivables, net	117,672		5,670		20,274			—			143,616
Inventories, net	174,839		516,704		30,462			—			722,005
Prepaid expenses and other current assets	23,944		14,463		7,466			(8,901		)	36,972
Intercompany receivable – current	845		134		25,056			(26,035		)	—
Total current assets	330,012		557,609		102,850			(34,936		)	955,535
Other assets	51,273		17,432		884			—			69,589
Goodwill and intangible assets, net	112,221		40,937		188,037			—			341,195
Property and equipment, net	32,428		172,802		12,608			—			217,838
Investment in subsidiaries	1,263,829		—		(22,724		)	(1,241,105		)	—
Intercompany receivable – noncurrent	745,812		519,304		669,176			(1,934,292		)	—
Total assets	$	2,535,575	$	1,308,084	$	950,831		$	(3,210,333	)	$	1,584,157
Liabilities and Equity
Current liabilities
Borrowings under revolving credit agreement	$	35,000	$	—	$	—		$	—		$	35,000
Trade accounts payable	124,675		247,169		30,968			—			402,812
Other accrued expenses	72,364		87,425		19,611			(8,901		)	170,499
Intercompany payable – current	14,523		—		11,512			(26,035		)	—
Total current liabilities	246,562		334,594		62,091			(34,936		)	608,311
Other liabilities
Long-term debt	197,233		—		—			—			197,233
Other liabilities	91,645		40,810		4,984			—			137,439
Intercompany payable – noncurrent	1,360,406		119,152		454,734			(1,934,292		)	—
Total other liabilities	1,649,284		159,962		459,718			(1,934,292		)	334,672
Equity
Caleres, Inc. shareholders’ equity	639,729		813,528		427,577			(1,241,105		)	639,729
Noncontrolling interests	—		—		1,445			—			1,445
Total equity	639,729		813,528		429,022			(1,241,105		)	641,174
Total liabilities and equity	$	2,535,575	$	1,308,084	$	950,831		$	(3,210,333	)	$	1,584,157

Schedule of Condensed Consolidating Statement of Comprehensive Income

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	194,896		$	408,476		$	69,798		$	(50,233	)	$	622,937
Cost of goods sold	142,295			221,031			39,125			(39,069		)	363,382
Gross profit	52,601			187,445			30,673			(11,164		)	259,555
Selling and administrative expenses	52,841			170,463			15,157			(11,164		)	227,297
Operating (loss) earnings	(240		)	16,982			15,516			—			32,258
Interest expense	(3,481		)	2			—			—			(3,479		)
Interest income	174			—			136			—			310
Intercompany interest income (expense)	2,253			(2,276		)	23			—			—
(Loss) earnings before income taxes	(1,294		)	14,708			15,675			—			29,089
Income tax provision	(309		)	(6,436		)	(2,665		)	—			(9,410		)
Equity in earnings (loss) of subsidiaries, net of tax	21,371			—			(508		)	(20,863		)	—
Net earnings	19,768			8,272			12,502			(20,863		)	19,679
Less: Net loss attributable to noncontrolling interests	—			—			(89		)	—			(89		)
Net earnings attributable to Caleres, Inc.	$	19,768		$	8,272		$	12,591		$	(20,863	)	$	19,768
Comprehensive income	$	18,478		$	8,272		$	11,802		$	(20,194	)	$	18,358
Less: Comprehensive loss attributable to noncontrolling interests	—			—			(120		)	—			(120		)
Comprehensive income attributable to Caleres, Inc.	$	18,478		$	8,272		$	11,922		$	(20,194	)	$	18,478

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	382,083		$	791,522		$	108,594		$	(74,529	)	$	1,207,670
Cost of goods sold	272,204			425,658			62,019			(59,559		)	700,322
Gross profit	109,879			365,864			46,575			(14,970		)	507,348
Selling and administrative expenses	102,383			327,566			31,368			(14,970		)	446,347
Operating earnings	7,496			38,298			15,207			—			61,001
Interest expense	(7,089		)	—			—			—			(7,089		)
Interest income	331			—			226			—			557
Intercompany interest income (expense)	4,507			(4,578		)	71			—			—
Earnings before income taxes	5,245			33,720			15,504			—			54,469
Income tax provision	(1,175		)	(12,740		)	(2,997		)	—			(16,912		)
Equity in earnings (loss) of subsidiaries, net of tax	33,481			—			(1,045		)	(32,436		)	—
Net earnings	37,551			20,980			11,462			(32,436		)	37,557
Less: Net earnings attributable to noncontrolling interests	—			—			6			—			6
Net earnings attributable to Caleres, Inc.	$	37,551		$	20,980		$	11,456		$	(32,436	)	$	37,551
Comprehensive income	$	38,056		$	20,980		$	12,031		$	(33,021	)	$	38,046
Less: Comprehensive loss attributable to noncontrolling interests	—			—			(10		)	—			(10		)
Comprehensive income attributable to Caleres, Inc.	$	38,056		$	20,980		$	12,041		$	(33,021	)	$	38,056

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	194,305		$	482,645		$	63,175		$	(63,171	)	$	676,954
Cost of goods sold	137,659			270,548			32,543			(51,257		)	389,493
Gross profit	56,646			212,097			30,632			(11,914		)	287,461
Selling and administrative expenses	60,363			190,444			14,607			(11,914		)	253,500
Restructuring and other special charges, net	2,661			37			167			—			2,865
Operating (loss) earnings	(6,378		)	21,616			15,858			—			31,096
Interest expense	(4,634		)	(3		)	—			—			(4,637		)
Interest income	85			—			177			—			262
Intercompany interest income (expense)	2,021			(2,189		)	168			—			—
(Loss) earnings before income taxes	(8,906		)	19,424			16,203			—			26,721
Income tax benefit (provision)	2,926			(8,053		)	(3,920		)	—			(9,047		)
Equity in earnings of subsidiaries, net of tax	23,575			—			271			(23,846		)	—
Net earnings	17,595			11,371			12,554			(23,846		)	17,674
Less: Net earnings attributable to noncontrolling interests	—			—			79			—			79
Net earnings attributable to Caleres, Inc.	$	17,595		$	11,371		$	12,475		$	(23,846	)	$	17,595
Comprehensive income	$	19,302		$	11,371		$	13,302		$	(24,574	)	$	19,401
Less: Comprehensive income attributable to noncontrolling interests	—			—			99			—			99
Comprehensive income attributable to Caleres, Inc.	$	19,302		$	11,371		$	13,203		$	(24,574	)	$	19,302

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	388,745		$	910,184		$	101,220		$	(91,686	)	$	1,308,463
Cost of goods sold	270,510			502,334			51,073			(73,823		)	750,094
Gross profit	118,235			407,850			50,147			(17,863		)	558,369
Selling and administrative expenses	112,787			372,791			29,860			(17,863		)	497,575
Restructuring and other special charges, net	3,769			37			167			—			3,973
Operating earnings	1,679			35,022			20,120			—			56,821
Interest expense	(9,669		)	(12		)	—			—			(9,681		)
Interest income	173			—			324			—			497
Intercompany interest income (expense)	4,104			(4,513		)	409			—			—
(Loss) earnings before income taxes	(3,713		)	30,497			20,853			—			47,637
Income tax benefit (provision)	1,839			(11,928		)	(4,990		)	—			(15,079		)
Equity in earnings (loss) of subsidiaries, net of tax	34,371			—			(777		)	(33,594		)	—
Net earnings	32,497			18,569			15,086			(33,594		)	32,558
Less: Net earnings attributable to noncontrolling interests	—			—			61			—			61
Net earnings attributable to Caleres, Inc.	$	32,497		$	18,569		$	15,025		$	(33,594	)	$	32,497
Comprehensive income	$	34,865		$	18,569		$	15,755		$	(34,248	)	$	34,941
Less: Comprehensive income attributable to noncontrolling interests	—			—			76			—			76
Comprehensive income attributable to Caleres, Inc.	$	34,865		$	18,569		$	15,679		$	(34,248	)	$	34,865

Schedule of Condensed Consolidating Statement of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED JULY 30, 2016
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash provided by operating activities	$	20,198		$	68,129		$	20,237		$	—	$	108,564
Investing activities
Purchases of property and equipment	(1,525		)	(25,237		)	(681		)	—		(27,443		)
Capitalized software	(2,448		)	(1,300		)	(30		)	—		(3,778		)
Intercompany investing	(2,973		)	2,973			—			—		—
Net cash used for investing activities	(6,946		)	(23,564		)	(711		)	—		(31,221		)
Financing activities
Borrowings under revolving credit agreement	103,000			—			—			—		103,000
Repayments under revolving credit agreement	(103,000		)	—			—			—		(103,000		)
Dividends paid	(6,089		)	—			—			—		(6,089		)
Acquisition of treasury stock	(23,139		)	—			—			—		(23,139		)
Issuance of common stock under share-based plans, net	(4,086		)	—			—			—		(4,086		)
Excess tax benefit related to share-based plans	3,248			—			—			—		3,248
Intercompany financing	30,162			(28,892		)	(1,270		)	—		—
Net cash provided by (used for) financing activities	96			(28,892		)	(1,270		)	—		(30,066		)
Effect of exchange rate changes on cash and cash equivalents	—			—			301			—		301
Increase in cash and cash equivalents	13,348			15,673			18,557			—		47,578
Cash and cash equivalents at beginning of period	31,000			—			87,151			—		118,151
Cash and cash equivalents at end of period	$	44,348		$	15,673		$	105,708		$	—	$	165,729

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED JULY 29, 2017
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(15,328	)	$	95,828		$	33,780		$	—	$	114,280
Investing activities
Purchases of property and equipment	(3,722		)	(17,762		)	(2,767		)	—		(24,251		)
Capitalized software	(2,686		)	(466		)	—			—		(3,152		)
Intercompany investing	(19,894		)	197,599			(177,705		)	—		—
Net cash (used for) provided by investing activities	(26,302		)	179,371			(180,472		)	—		(27,403		)
Financing activities
Borrowings under revolving credit agreement	400,000			—			—			—		400,000
Repayments under revolving credit agreement	(475,000		)	—			—			—		(475,000		)
Dividends paid	(6,030		)	—			—			—		(6,030		)
Acquisition of treasury stock	(5,993		)	—			—			—		(5,993		)
Issuance of common stock under share-based plans, net	(2,490		)	—			—			—		(2,490		)
Intercompany financing	119,856			(263,590		)	143,734			—		—
Net cash provided by (used for) financing activities	30,343			(263,590		)	143,734			—		(89,513		)
Effect of exchange rate changes on cash and cash equivalents	—			—			246			—		246
(Decrease) increase in cash and cash equivalents	(11,287		)	11,609			(2,712		)	—		(2,390		)
Cash and cash equivalents at beginning of period	23,999			9,029			22,304			—		55,332
Cash and cash equivalents at end of period	$	12,712		$	20,638		$	19,592		$	—	$	52,942

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Impact of New Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 29, 2017	Apr. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Discrete tax benefit		$ 1.1	$ 0.2	$ 1.1	$ 0.9
Cumulative effect on retained earnings, tax				0.4
Defined benefit plan, net periodic benefit income excluding service cost	$ 2.7			$ 5.1

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Acquistion (Narrative) (Details) - Allen Edmonds [Member] - USD ($)		3 Months Ended	6 Months Ended
	Dec. 13, 2016	Jul. 29, 2017	Jul. 29, 2017
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Dec. 13, 2016
Business Acquisition, Name of Acquired Entity	Allen Edmonds
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 259,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 700,000
Brand Portfolio [Member] | Cost of goods sold
Business Acquisition [Line Items]
Business Combination, Acquisition Amortization of Inventory Fair Value Adjustment		$ 1,900,000	$ 4,900,000
Business Combination, Acquisition Amortization of Inventory Fair Value Adjustment, Net of Tax		1,200,000	3,000,000
Business Combination, Acquisition Amortization of Inventory Fair Value Adjustment, Per Diluted Share		$ 0.03	$ 0.07

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Earnings Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended		30 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017
Earnings Per Share [Abstract]
Antidilutive options excluded from computation of earnings per share	16,667	66,165	16,667	66,165
Shares repurchased during period under share repurchase program	0	450,000	225,000	900,000	1,300,000
Share repurchase program, number of shares authorized to be repurchased	2,500,000		2,500,000		2,500,000

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Earnings Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
NUMERATOR
Net earnings	$ 17,674	$ 19,679	$ 32,558	$ 37,557
Net (earnings) loss attributable to noncontrolling interests	(79)	89	(61)	(6)
Net earnings allocated to participating securities	(490)	(523)	(895)	(1,014)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$ 17,105	$ 19,245	$ 31,602	$ 36,537
DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	41,783	42,043	41,807	42,238
Dilutive effect of share-based awards	171	142	172	151
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	41,954	42,185	41,979	42,389
Basic earnings per common share:
Basic earnings per common share attributable to Caleres, Inc. shareholders	$ 0.41	$ 0.46	$ 0.76	$ 0.87
Diluted earnings per common share:
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$ 0.41	$ 0.46	$ 0.75	$ 0.86

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Restructuring and Other Initiatives (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and other special charges, net	$ 2,865	$ 0	$ 3,973	$ 0
Restructuring and Related Cost Incurred Cost After Tax	$ 1,900		$ 2,600
Restructuring and Related Cost Incurred Cost Per Diluted Share	$ 0.04		$ 0.06
Brand Portfolio [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and other special charges, net	$ 700		$ 1,500
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and other special charges, net	$ 2,200		$ 2,500

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Business Segment Information (Schedule of Business Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Segment Reporting Information [Line Items]
External sales	$ 676,954	$ 622,937	$ 1,308,463	$ 1,207,670
Intersegment sales	29,850	30,589	44,550	46,152
Operating earnings (loss)	31,096	32,258	56,821	61,001
Segment assets	1,584,157	1,420,393	1,584,157	1,420,393	$ 1,475,273
Famous Footwear [Member]
Segment Reporting Information [Line Items]
External sales	404,930	390,123	771,424	754,719
Intersegment sales	0	0	0	0
Operating earnings (loss)	25,112	22,604	45,391	48,358
Segment assets	636,399	644,446	636,399	644,446
Brand Portfolio [Member]
Segment Reporting Information [Line Items]
External sales	272,024	232,814	537,039	452,951
Intersegment sales	29,850	30,589	44,550	46,152
Operating earnings (loss)	15,916	17,463	29,230	27,085
Segment assets	839,674	518,636	839,674	518,636
Other Category [Member]
Segment Reporting Information [Line Items]
External sales	0	0	0	0
Intersegment sales	0	0	0	0
Operating earnings (loss)	(9,932)	(7,809)	(17,800)	(14,442)
Segment assets	$ 108,084	$ 257,311	$ 108,084	$ 257,311

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Business Segment Information (Schedule of Reconciliation of Operating Earnings Before Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Segment Reporting [Abstract]
Operating earnings	$ 31,096	$ 32,258	$ 56,821	$ 61,001
Interest expense	(4,637)	(3,479)	(9,681)	(7,089)
Interest income	262	310	497	557
Earnings before income taxes	$ 26,721	$ 29,089	$ 47,637	$ 54,469

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Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Inventory [Line Items]
Raw materials	$ 18,951	$ 15,378	$ 734
Work-in-process	840	1,093	0
Finished goods	702,214	569,293	648,147
Inventories, net	$ 722,005	$ 585,764	$ 648,881

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Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Dec. 13, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Acquired During Period		$ 113,100
Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 102,900
Amortization expense related to intangible assets				$ 2,046	$ 1,839
Primarily Owned And Licensed Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets Acquired		97,500
Amortization expense related to intangible assets	$ 1,000		$ 900	$ 2,000	$ 1,800
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired		$ 5,400

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Goodwill and Intangible Assets (Schedule of Goodwill and Intangible Assets) (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 288,788	$ 289,288	$ 185,868
Accumulated amortization	(74,674)	(72,628)	(70,762)
Total intangible assets, net	214,114	216,660	115,106
Goodwill	127,081	127,098	13,954
Goodwill and intangible assets, net	341,195	343,758	129,060
Famous Footwear [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	2,800	2,800	2,800
Brand Portfolio [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	285,988	286,488	183,068
Goodwill	$ 127,081	$ 127,098	$ 13,954

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Goodwill and Intangible Assets (Schedule of Finite and Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 74,674	$ 70,762	$ 72,628
Indefinite-Lived Intangible Assets (Excluding Goodwill)	118,100	20,800	117,900
Intangible Assets, Gross (Excluding Goodwill)	288,788	185,868	289,288
Intangible assets, net	214,114	115,106	216,660
Primarily Owned And Licensed Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	165,288	165,068	165,288
Finite-Lived Intangible Assets, Accumulated Amortization	74,449	70,762	72,604
Finite-Lived Intangible Assets, Net	$ 90,839	$ 94,306	$ 92,684
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years		15 years
Finite-Lived Intangible Assets, Gross	$ 5,400		$ 6,100
Finite-Lived Intangible Assets, Accumulated Amortization	225		24
Finite-Lived Intangible Assets, Net	$ 5,175		$ 6,076
Minimum [Member] | Primarily Owned And Licensed Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years	15 years	15 years
Maximum [Member] | Primarily Owned And Licensed Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	40 years	40 years	40 years

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Shareholders' Equity (Schedule of Changes in Shareholders' Equity and Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning balance			$ 614,486
Net earnings	$ 17,674	$ 19,679	32,558	$ 37,557
Other comprehensive income (loss)	1,727	(1,321)	2,383	489
Cumulative-effect adjustment from adoption of ASU 2016-09			(400)
Equity, ending balance	641,174	614,765	641,174	614,765
Caleres, Inc. Shareholders' Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning balance			613,117	601,484
Net earnings			32,497	37,551
Other comprehensive income (loss)			2,383	489
Dividends paid			(6,030)	(6,089)
Acquisition of treasury stock			(5,993)	(23,139)
Issuance of common stock under share-based plans, net			(2,490)	(4,086)
Cumulative-effect adjustment from adoption of ASU 2016-09			441
Excess tax benefit related to share-based plans				3,248
Share-based compensation expense			5,804	4,329
Equity, ending balance	639,729	613,787	639,729	613,787
Noncontrolling Interests [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning balance			1,369	988
Net earnings			61	6
Other comprehensive income (loss)			15	(16)
Equity, ending balance	1,445	978	1,445	978
Total Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity, beginning balance			614,486	602,472
Net earnings			32,558	37,557
Other comprehensive income (loss)			2,398	473
Dividends paid			(6,030)	(6,089)
Acquisition of treasury stock			(5,993)	(23,139)
Issuance of common stock under share-based plans, net			(2,490)	(4,086)
Cumulative-effect adjustment from adoption of ASU 2016-09			441
Excess tax benefit related to share-based plans				3,248
Share-based compensation expense			5,804	4,329
Equity, ending balance	$ 641,174	$ 614,765	$ 641,174	$ 614,765

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Shareholders' Equity (Schedule of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Accumulated Other Comprehensive (Loss) Income [Line Items]
Balance, beginning			$ (30,434)
Tax (benefit) provision	$ 9,047	$ 9,410	15,079	$ 16,912
Other comprehensive income (loss)	1,727	(1,321)	2,383	489
Balance, ending	(28,051)	(5,375)	(28,051)	(5,375)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Balance, beginning	(348)	1,410	192	(900)
Other comprehensive income (loss) before reclassifications	1,820	(804)	1,280	1,506
Other comprehensive income (loss)	1,820	(804)	1,280	1,506
Balance, ending	1,472	606	1,472	606
Pension and Other Postretirement Transactions [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Balance, beginning	(29,666)	(5,644)	(30,084)	(5,356)
Amounts reclassified from accumulated other comprehensive loss	500	(477)	1,179	(954)
Tax (benefit) provision	(191)	189	(452)	378
Amounts reclassified from accumulated other comprehensive loss	309	(288)	727	(576)
Other comprehensive income (loss)	309	(288)	727	(576)
Balance, ending	(29,357)	(5,932)	(29,357)	(5,932)
Derivative Transactions [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Balance, beginning	236	180	(542)	392
Other comprehensive income (loss) before reclassifications	(295)	(351)	458	(639)
Amounts reclassified from accumulated other comprehensive loss	(164)	190	(117)	313
Tax (benefit) provision	57	(68)	35	(115)
Amounts reclassified from accumulated other comprehensive loss	(107)	122	(82)	198
Other comprehensive income (loss)	(402)	(229)	376	(441)
Balance, ending	(166)	(49)	(166)	(49)
AOCI Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Balance, beginning	(29,778)	(4,054)	(30,434)	(5,864)
Other comprehensive income (loss) before reclassifications	1,525	(1,155)	1,738	867
Amounts reclassified from accumulated other comprehensive loss	336	(287)	1,062	(641)
Tax (benefit) provision	(134)	121	(417)	263
Amounts reclassified from accumulated other comprehensive loss	202	(166)	645	(378)
Other comprehensive income (loss)	1,727	(1,321)	2,383	489
Balance, ending	$ (28,051)	$ (5,375)	$ (28,051)	$ (5,375)

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Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 3.1	$ 2.3	$ 5.8	$ 4.3
Shares of common stock (repurchased) issued during the period	(12,472)	(5,947)	241,886	180,825
Performance Share Plan Cash Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 0.0	$ 0.9	$ 0.1	$ 1.5
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			356,312
Weighted-average grant date fair value of grants	$ 27.83	$ 24.85	$ 26.91	$ 26.57
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			169,500	159,000
Weighted-average grant date fair value of grants			$ 26.90	$ 26.64
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted	0	0	0	0
Restricted Stock Units for Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	45,830	53,310	46,712	54,163
Restricted stock unit dividend equivalent	910	1,110	1,792	1,963
Weighted-average grant date fair value of grants	$ 27.84	$ 21.62	$ 27.81	$ 21.72
One year cliff-vesting period | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	4,492		4,492
Four year graded-vesting period | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			12,000
Four year cliff-vesting period | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		13,800	339,820	350,600
Minimum [Member] | Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pay out percentage			0.00%
Maximum [Member] | Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pay out percentage			200.00%

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Share-based Compensation (Schedule of Restricted Stock Activity) (Details) - Restricted Stock [Member] - $ / shares	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016	Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of restricted shares	1,194,326	1,139,299	1,194,326	1,139,299	1,217,334	1,128,049	1,150,749	1,262,449
Weighted-average grant date fair value of restricted shares	$ 28.03	$ 25.42	$ 28.03	$ 25.42	$ 27.96	$ 25.85	$ 25.38	$ 19.55
Number of restricted shares granted			356,312
Weighted-average grant date fair value of grants	$ 27.83	$ 24.85	$ 26.91	$ 26.57
Number of restricted shares forfeited	(17,500)	(19,250)	(30,000)	(48,500)
Weighted-average grant date fair value of restricted share forfeitures	$ 28.56	$ 26.59	$ 27.75	$ 22.94
Number of restricted shares vested	(10,000)	(6,000)	(260,035)	(425,250)
Weighted-average grant date fair value of restricted share vests	$ 18.80	$ 11.72	$ 17.07	$ 9.22
One year cliff-vesting period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted	4,492		4,492
Four year cliff-vesting period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted		13,800	339,820	350,600

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Share-based Compensation (Schedule of Stock Option Activity) (Details) - Employee Stock Option [Member] - $ / shares	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016	Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of stock options	92,042	222,790	92,042	222,790	97,292	150,540	229,105	301,295
Weighted-average grant date fair value of stock options	$ 6.42	$ 8.98	$ 6.42	$ 8.98	$ 6.39	$ 9.36	$ 8.99	$ 8.95
Number of stock options granted	0	0	0	0
Weighted-average grant date fair value of stock options granted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Number of stock options exercised	(5,250)	(6,315)	(11,250)	(56,381)
Weighted-average grant date fair value of stock options exercised	$ 5.93	$ 9.28	$ 5.74	$ 7.41
Number of stock options forfeited	0	0	0	(7,499)
Weighted-average grant date fair value of stock options forfeited	$ 0.00	$ 0.00	$ 0.00	$ 15.94
Number of stock options expired	0	0	(47,248)	(14,625)
Weighted-average grant date fair value of stock options expired	$ 0.00	$ 0.00	$ 15.94	$ 10.75

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Retirement and Other Benefit Plans (Shedule of Net Benefit Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2,383	$ 1,904	$ 4,850	$ 4,167
Interest cost	3,727	3,810	7,474	7,671
Expected return on assets	(6,913)	(7,252)	(13,793)	(14,475)
Amortization of:
Actuarial loss (gain)	996	39	2,148	77
Prior service income	(461)	(461)	(896)	(921)
Settlement cost	0	250	0	250
Total net periodic benefit income	(268)	(1,710)	(217)	(3,231)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost	16	15	34	30
Expected return on assets	0	0	0	0
Amortization of:
Actuarial loss (gain)	(35)	(55)	(73)	(110)
Prior service income	0	0	0	0
Settlement cost	0	0
Total net periodic benefit income	$ (19)	$ (40)	$ (39)	$ (80)

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Risk Management and Derivatives (Narrative) (Details)	6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jan. 30, 2016
Derivative [Line Items]
Derivative, Maturity Date	Aug. 03, 2018
Forward Contracts [Member]
Derivative [Line Items]
Derivative, Maturity Date	Aug. 03, 2018	Jul. 28, 2017	Feb. 28, 2018

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Risk Management and Derivatives (Schedule of Contract Notional Amount of All Purchase and Sale Contracts of a Foreign Currency) (Details) - Forward Contracts [Member] - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Derivative [Line Items]
Derivative, Notional Amount	$ 45,733	$ 42,088	$ 46,086
U.S. dollars (purchased by the Company's Canadian division with Canadian dollars) [Member]
Derivative [Line Items]
Derivative, Notional Amount	18,110	18,826	17,404
Euro
Derivative [Line Items]
Derivative, Notional Amount	14,725	13,297	13,544
Chinese yuan
Derivative [Line Items]
Derivative, Notional Amount	11,887	7,723	12,477
New Taiwanese dollars
Derivative [Line Items]
Derivative, Notional Amount	567	526	522
United Arab Emirates dirham
Derivative [Line Items]
Derivative, Notional Amount	254	823	939
Japanese yen
Derivative [Line Items]
Derivative, Notional Amount	176	769	1,026
Other currencies
Derivative [Line Items]
Derivative, Notional Amount	$ 14	$ 124	$ 174

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Risk Management and Derivatives (Schedule of Fair Values of Derivative Instruments Designated as Hedging Instruments Included within the Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Prepaid expenses and other current assets
Derivative [Line Items]
Asset Derivatives, Fair Value	$ 918	$ 234	$ 365
Other accrued expenses [Member]
Derivative [Line Items]
Liability Derivatives, Fair Value	$ 1,083	$ 874	$ 565

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Risk Management and Derivatives (Schedule of Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Condensed Consolidated Statements of Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Net Sales
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain recognized in OCL on derivatives	$ (8)	$ (25)	$ (40)	$ (189)
Gain (loss) reclassified from accumulated OCL into earnings	6	(36)	24	(72)
Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain recognized in OCL on derivatives	(55)	(472)	737	(585)
Gain (loss) reclassified from accumulated OCL into earnings	158	33	161	116
Selling and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain recognized in OCL on derivatives	(194)	(75)	117	(24)
Gain (loss) reclassified from accumulated OCL into earnings	0	(187)	(67)	(357)
Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain recognized in OCL on derivatives	(14)	14	(10)	(24)
Gain (loss) reclassified from accumulated OCL into earnings	$ 0	$ 0	$ (1)	$ 0

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Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferral percentage of base salary			50.00%
Percentage component of compensation allowed as deferral under deferred compensation plan			100.00%
Long-lived assets held for use	$ 114.6	$ 96.6
Performance share units
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Requisite service period			3 years
Minimum [Member] | Performance share units
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pay out percentage			0.00%
Maximum [Member] | Performance share units
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pay out percentage			200.00%

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Fair Value Measurements (Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Non-qualified deferred compensation plan liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value	$ (5,637)	$ (5,051)	$ (4,637)
Non-qualified deferred compensation plan liabilities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value	(5,637)	(5,051)	(4,637)
Deferred compensation plan liabilities for non-employee directors [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value	(2,154)	(1,909)	(1,705)
Deferred compensation plan liabilities for non-employee directors [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value	(2,154)	(1,909)	(1,705)
Restricted stock units for non-employee directors [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value	(9,088)	(9,390)	(9,060)
Restricted stock units for non-employee directors [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value	(9,088)	(9,390)	(9,060)
Performance share units
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(3,352)	(2,347)
Performance share units | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value		(3,352)	(2,347)
Cash equivalents - money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value	16,163	27,530	132,320
Cash equivalents - money market funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value	16,163	27,530	132,320
Non-qualified deferred compensation plan assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value	5,637	5,051	4,637
Non-qualified deferred compensation plan assets [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value	5,637	5,051	4,637
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value	(165)	(640)	(200)
Derivative Financial Instruments, Liabilities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability, Fair Value	$ (165)	$ (640)	(200)
Secured convertible note [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value			7,190
Secured convertible note [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset, Fair Value			$ 7,190

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Fair Value Measurements (Schedule of Impairment Charges) (Details) - Selling and administrative expenses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 1,170	$ 225	$ 2,119	$ 536
Famous Footwear [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of Long-Lived Assets Held-for-use	150	0	300	134
Brand Portfolio [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 1,020	$ 225	$ 1,819	$ 402

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Fair Value Measurements (Schedule of Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Fair Value Disclosures [Abstract]
Borrowings under revolving credit agreement	$ 35,000	$ 110,000	$ 0
Borrowings under revolving credit agreement, fair value	35,000	110,000
Long-term debt – Senior Notes, carrying amount	197,233	197,003	196,774
Long-term debt – Senior Notes, fair value	209,500	209,000	205,500
Total debt	232,233	307,003	196,774
Total debt, fair value	$ 244,500	$ 319,000	$ 205,500

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Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 29, 2017	Apr. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Income Tax Disclosure [Abstract]
Consolidated effective tax rate	33.90%		32.30%	31.70%	31.00%
Discrete tax benefit		$ 1.1	$ 0.2	$ 1.1	$ 0.9
Effective tax rate if discrete tax benefits had not been recognized			33.00%	33.90%	32.70%

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Related Party Transactions (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Caleres, Inc. [Member]
Related Party Transaction [Line Items]
Joint venture, ownership percentage		51.00%
C. Banner International Holdings Limited [Member]
Related Party Transaction [Line Items]
Joint venture, ownership percentage		49.00%
B&H Footwear [Member]
Related Party Transaction [Line Items]
Sales to related parties	$ 1.6	$ 0.0	$ 3.8

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Commitments and Contingencies (Narrative) (Details) - Redfield Site [Member] $ in Millions	6 Months Ended
	Jul. 29, 2017 USD ($)
Loss Contingencies [Line Items]
Cumulative expenditures for both on-site and off-site remediation	$ 29.5
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation	9.5
Reserve for anticipated future remediation activities for on-site remediation	4.5
Reserve for anticipated future remediation activities for off-site remediation	$ 5.0
Liability for on-site remediation, discounted rate	4.80%
On-site remediation liability, undiscounted basis	$ 14.5
Expected on-site remediation liability, year one	0.5
Expected on-site remediation liability, year two	0.1
Expected on-site remediation liability, year three	0.1
Expected on-site remediation liability, year four	0.1
Expected on-site remediation liability, year five	0.1
Expected on-site remediation liability, thereafter	13.6
Other Noncurrent Liabilities [Member]
Loss Contingencies [Line Items]
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation	8.6
Other Current Liabilities [Member]
Loss Contingencies [Line Items]
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation	$ 0.9

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Financial Information for the Company and its Subsidiaries (Narrative) (Details)		6 Months Ended
	Dec. 13, 2016	Jul. 29, 2017
Business Acquisition [Line Items]
Guarantors, ownership percentage by parent		100.00%
Allen Edmonds [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Dec. 13, 2016
Business Acquisition, Name of Acquired Entity	Allen Edmonds

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Financial Information for the Company and its Subsidiaries (Schedule of Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016	Jan. 30, 2016
Assets
Cash and cash equivalents	$ 52,942	$ 55,332	$ 165,729	$ 118,151
Receivables, net	143,616	153,121	144,309
Inventories, net	722,005	585,764	648,881
Prepaid expenses and other current assets	36,972	49,528	30,190
Total current assets	955,535	843,745	989,109
Other assets	69,589	68,574	115,448
Goodwill and intangible assets, net	341,195	343,758	129,060
Property and equipment, net	217,838	219,196	186,776
Total assets	1,584,157	1,475,273	1,420,393
Liabilities and Equity
Borrowings under revolving credit agreement	35,000	110,000	0
Trade accounts payable	402,812	266,370	358,751
Other accrued expenses	170,499	151,225	142,085
Total current liabilities	608,311	527,595	500,836
Other liabilities
Long-term debt	197,233	197,003	196,774
Other liabilities	137,439	136,189	108,018
Total other liabilities	334,672	333,192	304,792
Equity
Caleres, Inc. shareholders’ equity	639,729	613,117	613,787
Noncontrolling interests	1,445	1,369	978
Total equity	641,174	614,486	614,765
Total liabilities and equity	1,584,157	1,475,273	1,420,393
Parent [Member]
Assets
Cash and cash equivalents	12,712	23,999	44,348	31,000
Receivables, net	117,672	118,746	112,384
Inventories, net	174,839	150,098	159,285
Prepaid expenses and other current assets	23,944	24,293	13,641
Intercompany receivable – current	845	695	743
Total current assets	330,012	317,831	330,401
Other assets	51,273	51,181	93,839
Goodwill and intangible assets, net	112,221	113,333	114,446
Property and equipment, net	32,428	31,424	31,087
Investment in subsidiaries	1,263,829	1,343,954	1,055,300
Intercompany receivable – noncurrent	745,812	568,541	479,611
Total assets	2,535,575	2,426,264	2,104,684
Liabilities and Equity
Borrowings under revolving credit agreement	35,000	110,000
Trade accounts payable	124,675	116,783	111,166
Other accrued expenses	72,364	74,941	52,474
Intercompany payable – current	14,523	12,794	11,924
Total current liabilities	246,562	314,518	175,564
Other liabilities
Long-term debt	197,233	197,003	196,774
Other liabilities	91,645	91,683	37,253
Intercompany payable – noncurrent	1,360,406	1,209,943	1,081,306
Total other liabilities	1,649,284	1,498,629	1,315,333
Equity
Caleres, Inc. shareholders’ equity	639,729	613,117	613,787
Total equity	639,729	613,117	613,787
Total liabilities and equity	2,535,575	2,426,264	2,104,684
Guarantors [Member]
Assets
Cash and cash equivalents	20,638	9,029	15,673
Receivables, net	5,670	5,414	1,787
Inventories, net	516,704	410,867	467,691
Prepaid expenses and other current assets	14,463	23,040	11,479
Intercompany receivable – current	134	263	213
Total current assets	557,609	448,613	496,843
Other assets	17,432	16,567	13,728
Goodwill and intangible assets, net	40,937	219,337	2,800
Property and equipment, net	172,802	176,358	146,373
Intercompany receivable – noncurrent	519,304	366,902	374,047
Total assets	1,308,084	1,227,777	1,033,791
Liabilities and Equity
Trade accounts payable	247,169	112,434	216,850
Other accrued expenses	87,425	65,228	72,987
Total current liabilities	334,594	177,662	289,837
Other liabilities
Other liabilities	40,810	40,507	67,119
Intercompany payable – noncurrent	119,152	98,982	41,537
Total other liabilities	159,962	139,489	108,656
Equity
Caleres, Inc. shareholders’ equity	813,528	910,626	635,298
Total equity	813,528	910,626	635,298
Total liabilities and equity	1,308,084	1,227,777	1,033,791
Non-Guarantors [Member]
Assets
Cash and cash equivalents	19,592	22,304	105,708	$ 87,151
Receivables, net	20,274	28,961	30,138
Inventories, net	30,462	24,799	21,905
Prepaid expenses and other current assets	7,466	8,058	5,070
Intercompany receivable – current	25,056	22,091	21,263
Total current assets	102,850	106,213	184,084
Other assets	884	826	7,881
Goodwill and intangible assets, net	188,037	11,088	11,814
Property and equipment, net	12,608	11,414	9,316
Investment in subsidiaries	(22,724)	(21,946)	(20,569)
Intercompany receivable – noncurrent	669,176	581,624	559,593
Total assets	950,831	689,219	752,119
Liabilities and Equity
Trade accounts payable	30,968	37,153	30,735
Other accrued expenses	19,611	16,919	16,624
Intercompany payable – current	11,512	10,255	10,295
Total current liabilities	62,091	64,327	57,654
Other liabilities
Other liabilities	4,984	3,999	3,646
Intercompany payable – noncurrent	454,734	208,142	290,408
Total other liabilities	459,718	212,141	294,054
Equity
Caleres, Inc. shareholders’ equity	427,577	411,382	399,433
Noncontrolling interests	1,445	1,369	978
Total equity	429,022	412,751	400,411
Total liabilities and equity	950,831	689,219	752,119
Consolidation, Eliminations [Member]
Assets
Prepaid expenses and other current assets	(8,901)	(5,863)
Intercompany receivable – current	(26,035)	(23,049)	(22,219)
Total current assets	(34,936)	(28,912)	(22,219)
Investment in subsidiaries	(1,241,105)	(1,322,008)	(1,034,731)
Intercompany receivable – noncurrent	(1,934,292)	(1,517,067)	(1,413,251)
Total assets	(3,210,333)	(2,867,987)	(2,470,201)
Liabilities and Equity
Other accrued expenses	(8,901)	(5,863)
Intercompany payable – current	(26,035)	(23,049)	(22,219)
Total current liabilities	(34,936)	(28,912)	(22,219)
Other liabilities
Intercompany payable – noncurrent	(1,934,292)	(1,517,067)	(1,413,251)
Total other liabilities	(1,934,292)	(1,517,067)	(1,413,251)
Equity
Caleres, Inc. shareholders’ equity	(1,241,105)	(1,322,008)	(1,034,731)
Total equity	(1,241,105)	(1,322,008)	(1,034,731)
Total liabilities and equity	$ (3,210,333)	$ (2,867,987)	$ (2,470,201)

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Financial Information for the Company and its Subsidiaries (Schedule of Condensed Consolidating Statement of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Condensed Income Statements, Captions [Line Items]
Net sales	$ 676,954	$ 622,937	$ 1,308,463	$ 1,207,670
Cost of goods sold	389,493	363,382	750,094	700,322
Gross profit	287,461	259,555	558,369	507,348
Selling and administrative expenses	253,500	227,297	497,575	446,347
Restructuring and other special charges, net	2,865	0	3,973	0
Operating earnings (loss)	31,096	32,258	56,821	61,001
Interest expense	(4,637)	(3,479)	(9,681)	(7,089)
Interest income	262	310	497	557
Earnings (loss) before income taxes	26,721	29,089	47,637	54,469
Income tax benefit (provision)	(9,047)	(9,410)	(15,079)	(16,912)
Net earnings	17,674	19,679	32,558	37,557
Less: Net (loss) earnings attributable to noncontrolling interests	79	(89)	61	6
Net earnings attributable to Caleres, Inc.	17,595	19,768	32,497	37,551
Comprehensive income	19,401	18,358	34,941	38,046
Less: Comprehensive (loss) income attributable to noncontrolling interests	99	(120)	76	(10)
Comprehensive income attributable to Caleres, Inc.	19,302	18,478	34,865	38,056
Parent [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	194,305	194,896	388,745	382,083
Cost of goods sold	137,659	142,295	270,510	272,204
Gross profit	56,646	52,601	118,235	109,879
Selling and administrative expenses	60,363	52,841	112,787	102,383
Restructuring and other special charges, net	2,661		3,769
Operating earnings (loss)	(6,378)	(240)	1,679	7,496
Interest expense	(4,634)	(3,481)	(9,669)	(7,089)
Interest income	85	174	173	331
Intercompany interest income (expense)	2,021	2,253	4,104	4,507
Earnings (loss) before income taxes	(8,906)	(1,294)	(3,713)	5,245
Income tax benefit (provision)	2,926	(309)	1,839	(1,175)
Equity in earnings (loss) of subsidiaries, net of tax	23,575	21,371	34,371	33,481
Net earnings	17,595	19,768	32,497	37,551
Net earnings attributable to Caleres, Inc.	17,595	19,768	32,497	37,551
Comprehensive income	19,302	18,478	34,865	38,056
Comprehensive income attributable to Caleres, Inc.	19,302	18,478	34,865	38,056
Guarantors [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	482,645	408,476	910,184	791,522
Cost of goods sold	270,548	221,031	502,334	425,658
Gross profit	212,097	187,445	407,850	365,864
Selling and administrative expenses	190,444	170,463	372,791	327,566
Restructuring and other special charges, net	37		37
Operating earnings (loss)	21,616	16,982	35,022	38,298
Interest expense	(3)	2	(12)
Intercompany interest income (expense)	(2,189)	(2,276)	(4,513)	(4,578)
Earnings (loss) before income taxes	19,424	14,708	30,497	33,720
Income tax benefit (provision)	(8,053)	(6,436)	(11,928)	(12,740)
Net earnings	11,371	8,272	18,569	20,980
Net earnings attributable to Caleres, Inc.	11,371	8,272	18,569	20,980
Comprehensive income	11,371	8,272	18,569	20,980
Comprehensive income attributable to Caleres, Inc.	11,371	8,272	18,569	20,980
Non-Guarantors [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	63,175	69,798	101,220	108,594
Cost of goods sold	32,543	39,125	51,073	62,019
Gross profit	30,632	30,673	50,147	46,575
Selling and administrative expenses	14,607	15,157	29,860	31,368
Restructuring and other special charges, net	167		167
Operating earnings (loss)	15,858	15,516	20,120	15,207
Interest income	177	136	324	226
Intercompany interest income (expense)	168	23	409	71
Earnings (loss) before income taxes	16,203	15,675	20,853	15,504
Income tax benefit (provision)	(3,920)	(2,665)	(4,990)	(2,997)
Equity in earnings (loss) of subsidiaries, net of tax	271	(508)	(777)	(1,045)
Net earnings	12,554	12,502	15,086	11,462
Less: Net (loss) earnings attributable to noncontrolling interests	79	(89)	61	6
Net earnings attributable to Caleres, Inc.	12,475	12,591	15,025	11,456
Comprehensive income	13,302	11,802	15,755	12,031
Less: Comprehensive (loss) income attributable to noncontrolling interests	99	(120)	76	(10)
Comprehensive income attributable to Caleres, Inc.	13,203	11,922	15,679	12,041
Consolidation, Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	(63,171)	(50,233)	(91,686)	(74,529)
Cost of goods sold	(51,257)	(39,069)	(73,823)	(59,559)
Gross profit	(11,914)	(11,164)	(17,863)	(14,970)
Selling and administrative expenses	(11,914)	(11,164)	(17,863)	(14,970)
Equity in earnings (loss) of subsidiaries, net of tax	(23,846)	(20,863)	(33,594)	(32,436)
Net earnings	(23,846)	(20,863)	(33,594)	(32,436)
Net earnings attributable to Caleres, Inc.	(23,846)	(20,863)	(33,594)	(32,436)
Comprehensive income	(24,574)	(20,194)	(34,248)	(33,021)
Comprehensive income attributable to Caleres, Inc.	$ (24,574)	$ (20,194)	$ (34,248)	$ (33,021)

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Financial Information for the Company and its Subsidiaries (Schedule of Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used for) provided by operating activities	$ 114,280	$ 108,564
Purchases of property and equipment	(24,251)	(27,443)
Capitalized software	(3,152)	(3,778)
Net cash (used for) provided by investing activities	(27,403)	(31,221)
Borrowings under revolving credit agreement	400,000	103,000
Repayments under revolving credit agreement	(475,000)	(103,000)
Dividends paid	(6,030)	(6,089)
Acquisition of treasury stock	(5,993)	(23,139)
Issuance of common stock under share-based plans, net	(2,490)	(4,086)
Excess tax benefit related to share-based plans	0	3,248
Net cash provided by (used for) financing activities	(89,513)	(30,066)
Effect of exchange rate changes on cash and cash equivalents	246	301
Increase (decrease) in cash and cash equivalents	(2,390)	47,578
Cash and cash equivalents at beginning of period	55,332	118,151
Cash and cash equivalents at end of period	52,942	165,729
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used for) provided by operating activities	(15,328)	20,198
Purchases of property and equipment	(3,722)	(1,525)
Capitalized software	(2,686)	(2,448)
Intercompany investing	(19,894)	(2,973)
Net cash (used for) provided by investing activities	(26,302)	(6,946)
Borrowings under revolving credit agreement	400,000	103,000
Repayments under revolving credit agreement	(475,000)	(103,000)
Dividends paid	(6,030)	(6,089)
Acquisition of treasury stock	(5,993)	(23,139)
Issuance of common stock under share-based plans, net	(2,490)	(4,086)
Excess tax benefit related to share-based plans		3,248
Intercompany financing	119,856	30,162
Net cash provided by (used for) financing activities	30,343	96
Increase (decrease) in cash and cash equivalents	(11,287)	13,348
Cash and cash equivalents at beginning of period	23,999	31,000
Cash and cash equivalents at end of period	12,712	44,348
Guarantors [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used for) provided by operating activities	95,828	68,129
Purchases of property and equipment	(17,762)	(25,237)
Capitalized software	(466)	(1,300)
Intercompany investing	197,599	2,973
Net cash (used for) provided by investing activities	179,371	(23,564)
Intercompany financing	(263,590)	(28,892)
Net cash provided by (used for) financing activities	(263,590)	(28,892)
Increase (decrease) in cash and cash equivalents	11,609	15,673
Cash and cash equivalents at beginning of period	9,029
Cash and cash equivalents at end of period	20,638	15,673
Non-Guarantors [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used for) provided by operating activities	33,780	20,237
Purchases of property and equipment	(2,767)	(681)
Capitalized software		(30)
Intercompany investing	(177,705)
Net cash (used for) provided by investing activities	(180,472)	(711)
Intercompany financing	143,734	(1,270)
Net cash provided by (used for) financing activities	143,734	(1,270)
Effect of exchange rate changes on cash and cash equivalents	246	301
Increase (decrease) in cash and cash equivalents	(2,712)	18,557
Cash and cash equivalents at beginning of period	22,304	87,151
Cash and cash equivalents at end of period	$ 19,592	$ 105,708