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Earnings Per Share
 12 Months Ended
Feb. 03, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
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:

 
 
 
 
 
 
 
 
 
 
 
 
(in $ thousands, except per share amounts)
2017
 
2016
 
2015
 
 
 
 
 
 
NUMERATOR
 
 
 
 
 
Net earnings
$
87,231

 
$
66,086

 
$
81,824

Net earnings attributable to noncontrolling interests
(31
)
 
(428
)
 
(345
)
Net earnings allocated to participating securities
(2,384
)
 
(1,750
)
 
(2,587
)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities
$
84,816

 
$
63,908

 
$
78,892

 
 
 
 
 
 
DENOMINATOR
 
 
 
 
 
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders
41,801

 
42,026

 
42,455

Dilutive effect of share-based awards
179

 
155

 
201

Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders
41,980

 
42,181

 
42,656

 
 
 
 
 
 
Basic earnings per common share attributable to Caleres, Inc. shareholders
$
2.03

 
$
1.52

 
$
1.86

 
 
 
 
 
 
Diluted earnings per common share attributable to Caleres, Inc. shareholders
$
2.02

 
$
1.52

 
$
1.85



Options to purchase 16,667, 63,915 and 56,997 shares of common stock in 2017, 2016 and 2015, respectively, were not included in the denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders because the effect would be antidilutive.

The Company repurchased 225,000, 900,000 and 151,500 shares during the years ended February 3, 2018, January 28, 2017 and January 30, 2016, respectively, under the publicly announced share repurchase program, which permits repurchases of up to 2.5 million shares. Therefore, as of February 3, 2018, the Company has repurchased a total of 1.3 million shares at a cost of $34.1 million.