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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 ended July 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 ended July 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.