FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Oct. 31, 2020

FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities that are measured at fair value on a recurring basis

	Fair Value Measurements
($thousands)	Total		Level 1		Level 2		Level 3
Asset (Liability)
October 31, 2020:
Cash equivalents – money market funds	$	82,500	$	82,500	$	—	$	—
Non-qualified deferred compensation plan assets		7,741		7,741		—		—
Non-qualified deferred compensation plan liabilities		(7,741)		(7,741)		—		—
Deferred compensation plan liabilities for non-employee directors		(813)		(813)		—		—
Restricted stock units for non-employee directors		(840)		(840)		—		—
Mandatory purchase obligation - Blowfish Malibu		(30,146)		—		—		(30,146)
November 2, 2019:
Non-qualified deferred compensation plan assets	$	8,117	$	8,117	$	—	$	—
Non-qualified deferred compensation plan liabilities		(8,117)		(8,117)		—		—
Deferred compensation plan liabilities for non-employee directors		(1,879)		(1,879)		—		—
Restricted stock units for non-employee directors		(3,282)		(3,282)		—		—
Derivative financial instruments, net		(308)		—		(308)		—
Mandatory purchase obligation - Blowfish Malibu		(13,655)		—		—		(13,655)
February 1, 2020:
Cash equivalents – money market funds	$	18,001	$	18,001	$	—	$	—
Non-qualified deferred compensation plan assets		8,004		8,004		—		—
Non-qualified deferred compensation plan liabilities		(8,004)		(8,004)		—		—
Deferred compensation plan liabilities for non-employee directors		(1,536)		(1,536)		—		—
Restricted stock units for non-employee directors		(2,572)		(2,572)		—		—
Derivative financial instruments, net		(103)		—		(103)		—
Mandatory purchase obligation - Blowfish Malibu		(15,200)		—		—		(15,200)

Schedule of impairment of long-lived assets held and used by asset

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
($thousands)	October 31, 2020		November 2, 2019		October 31, 2020		November 2, 2019
Impairment Charges
Famous Footwear	$	—	$	769	$	14,896	$	1,509
Brand Portfolio		398		1,382		20,724		3,596
Total impairment charges	$	398	$	2,151	$	35,620	$	5,105

Schedule of carrying amounts and fair values of other financial instruments

	October 31, 2020				November 2, 2019				February 1, 2020
	Carrying				Carrying				Carrying
($thousands)	Value (1)		Fair Value		Value (1)		Fair Value		Value (1)		Fair Value
Borrowings under revolving credit agreement	$	300,000	$	300,000	$	295,000	$	295,000	$	275,000	$	275,000
Long-term debt		200,000		188,750		200,000		206,200		200,000		205,000
Total debt	$	500,000	$	488,750	$	495,000	$	501,200	$	475,000	$	480,000

(1) Excludes unamortized debt issuance costs and debt discount