Acquisitions (Tables)

9 Months Ended

Nov. 03, 2018

Schedule of Allocation of Purchase Price

The Company has allocated the purchase price as of the acquisition date, July 6, 2018, as follows:



($ thousands)	July 6, 2018
ASSETS
Current assets:
Cash and cash equivalents	$	2,207
Receivables	4,612
Inventories	6,400
Prepaid expense and other current assets	317
Total current assets	13,536
Other assets	539
Goodwill	5,701
Intangible assets	17,600
Property and equipment	112
Total assets	$	37,488

LIABILITIES AND EQUITY
Current liabilities:
Trade accounts payable	$	2,915
Other accrued expenses	5,739
Total current liabilities	8,654
Deferred income taxes	617
Other liabilities	77
Total liabilities	9,348
Net assets	$	28,140

The assets and liabilities of Vionic 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. The Company has preliminarily allocated the purchase price as of the acquisition date, October 18, 2018, as follows:



($ thousands)	October 18, 2018
ASSETS
Current assets:
Cash and cash equivalents	$	8,502
Receivables	28,930
Inventories	65,700
Prepaid expense and other current assets	1,489
Total current assets	104,621
Goodwill	148,763
Intangible assets	144,700
Property and equipment	6,864
Total assets	$	404,948

LIABILITIES AND EQUITY
Current liabilities:
Trade accounts payable	$	24,085
Other accrued expenses	16,632
Total current liabilities	40,717
Other liabilities - capital lease obligation	3,541
Total liabilities	44,258
Net assets	$	360,690

Business Acquisition, Pro Forma Information [Table Text Block]

The table below illustrates the unaudited pro forma impact on operating results as if the acquisition had been completed as of the beginning of 2017. Prior to the acquisition, Vionic’s fiscal calendar ended on December 31 of each year. For purposes of the financial information presented, the Company has combined the operating results of the relevant fiscal quarters for Vionic with the Company’s actual fiscal quarters. For example, the information presented in the thirteen weeks ended columns includes Vionic’s operations for the fiscal months of July through September of each respective period. The information presented in the thirty-nine weeks ended columns includes Vionic’s operations for the fiscal months of January through September for each respective period.



	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
($ thousands, except per share amounts)	November 3, 2018		October 28, 2017		November 3, 2018		October 28, 2017
Net sales	$	814,700	$	816,429	$	2,252,727	$	2,205,046
Net earnings attributable to Caleres, Inc.	31,181		33,408		74,680		65,603
Basic earnings per common share attributable to Caleres, Inc. shareholders	$	0.72	$	0.78	$	1.73	$	1.53
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$	0.72	$	0.77	$	1.73	$	1.52