BUSINESS SEGMENT INFORMATION

9 Months Ended

Oct. 31, 2020

Note 6 Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended October 31, 2020 and November 2, 2019:


	Famous		Brand		Eliminations
($ thousands)	Footwear		Portfolio		and Other		Total
Thirteen Weeks Ended October 31, 2020
Net sales	$	391,706	$	267,587	$	(11,813)	$	647,480
Intersegment sales ⁽¹⁾		—		11,813		—		11,813
Operating earnings (loss)		27,845		7,304		(15,078)		20,071
Segment assets		837,228		924,976		264,856		2,027,060

Thirteen Weeks Ended November 2, 2019
Net sales	$	446,583	$	359,863	$	(14,071)	$	792,375
Intersegment sales⁽¹⁾		—		14,071		—		14,071
Operating earnings (loss)		27,681		19,398		(3,608)		43,471
Segment assets		973,272		1,360,445		137,493		2,471,210

Thirty-Nine Weeks Ended October 31, 2020
Net sales	$	916,893	$	668,447	$	(39,229)	$	1,546,111
Intersegment sales ⁽¹⁾		—		39,229		—		39,229
Operating loss		(38,651)		(352,556)		(39,072)		(430,279)

Thirty-Nine Weeks Ended November 2, 2019
Net sales	$	1,218,589	$	1,060,488	$	(56,463)	$	2,222,614
Intersegment sales ⁽¹⁾		—		56,463		—		56,463
Operating earnings (loss)		70,036		46,225		(18,117)		98,144

(1)	Included in net sales in the Brand Portfolio segment and eliminated in the Eliminations and Other category

The Eliminations and Other category includes corporate assets, administrative expenses and other costs and recoveries, which are not allocated to the operating segments, as well as the elimination of intersegment sales and profit.

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


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 31,		November 2,		October 31,		November 2,
($ thousands)	2020		2019		2020		2019
Operating earnings (loss)	$	20,071	$	43,471	$	(430,279)	$	98,144
Interest expense, net		(10,881)		(10,559)		(33,747)		(25,288)
Other income, net		5,461		2,633		12,718		7,902
Earnings (loss) before income taxes	$	14,651	$	35,545	$	(451,308)	$	80,758

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details