Earnings Per Share

9 Months Ended

Oct. 28, 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 October 28, 2017 and October 29, 2016:



	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
($ thousands, except per share amounts)	October 28, 2017			October 29, 2016			October 28, 2017			October 29, 2016
NUMERATOR
Net earnings	$	34,373		$	34,726		$	66,931		$	72,282
Net loss (earnings) attributable to noncontrolling interests	14			4			(47		)	(2		)
Net earnings allocated to participating securities	(949		)	(910		)	(1,841		)	(1,933		)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities	$	33,438		$	33,820		$	65,043		$	70,347

DENOMINATOR
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders	41,788			41,802			41,801			42,093
Dilutive effect of share-based awards	182			137			173			144
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders	41,970			41,939			41,974			42,237

Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.80		$	0.81		$	1.56		$	1.67

Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.80		$	0.81		$	1.55		$	1.67

Options to purchase 16,667 shares of common stock for the thirteen and thirty-nine weeks ended October 28, 2017 and 63,915 shares of common stock for the thirteen and thirty-nine weeks ended October 29, 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 thirty-nine weeks ended October 28, 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 zero and 900,000 shares during the thirteen and thirty-nine weeks ended October 29, 2016, respectively. As of October 28, 2017, the Company has repurchased a total of 1.3 million shares under this program.