Restructuring and Other Special Charges	9 Months Ended
Oct. 29, 2022
Restructuring and Other Special Charges.
Restructuring and Other Special Charges	Note 5 Restructuring and Other Special Charges Organizational Change During the thirteen and thirty-nine weeks ended October 29, 2022, the Company incurred costs of $2.9 million ($2.7 million on an after-tax basis, or $0.07 per diluted share) related to a CFO transition at the corporate headquarters, with no corresponding charges for the thirty-nine weeks ended October 30, 2021. These costs were recognized as restructuring and other special charges in the condensed consolidated statement of earnings within the Eliminations and Other category. Blowfish Mandatory Purchase Obligation In 2018, the Company acquired a controlling interest in Blowfish Malibu. The remaining interest was subject to a mandatory purchase obligation after a three-year period, which ended on July 31, 2021, based upon an earnings multiple formula as specified in the purchase agreement. Approximately $9.0 million was initially assigned to the mandatory purchase obligation and fair value adjustments were recorded as interest expense. The fair value adjustments on the mandatory purchase obligation totaled $1.9 million ($1.4 million on an after-tax basis, or $0.04 per diluted share) and $15.4 million ($11.5 million on an after-tax basis, or $0.30 per diluted share) for the thirteen and thirty-nine weeks ended October 30, 2021, respectively. There were no corresponding charges during the thirty-nine weeks ended October 29, 2022. The mandatory purchase obligation was settled for $54.6 million on November 4, 2021. Refer to further discussion regarding the mandatory purchase obligation in Note 14 to the condensed consolidated financial statements. Brand Portfolio – Business Exits During the thirty-nine weeks ended October 30, 2021, the Company incurred costs of $13.5 million ($11.9 million on an after-tax basis, or $0.31 per diluted share) related to the strategic realignment of the Naturalizer retail store operations. These costs primarily represented lease termination and other store closure costs, including employee severance, for the 73 stores that were closed during the first quarter of 2021. These charges are presented in restructuring and special charges on the condensed consolidated statement of earnings within the Brand Portfolio segment for the thirty-nine weeks ended October 30, 2021. There were no corresponding charges during the thirty-nine weeks ended October 29, 2022. As of October 29, 2022 and October 30, 2021, reserves of $0.0 million and $2.5 million, respectively, were included on the condensed consolidated balance sheets.

Restructuring and Other Special Charges

9 Months Ended

Oct. 29, 2022

Restructuring and Other Special Charges.

Note 5 Restructuring and Other Special Charges

Organizational Change

During the thirteen and thirty-nine weeks ended October 29, 2022, the Company incurred costs of $2.9 million ($2.7 million on an after-tax basis, or $0.07 per diluted share) related to a CFO transition at the corporate headquarters, with no corresponding charges for the thirty-nine weeks ended October 30, 2021. These costs were recognized as restructuring and other special charges in the condensed consolidated statement of earnings within the Eliminations and Other category.

Blowfish Mandatory Purchase Obligation

In 2018, the Company acquired a controlling interest in Blowfish Malibu. The remaining interest was subject to a mandatory purchase obligation after a three-year period, which ended on July 31, 2021, based upon an earnings multiple formula as specified in the purchase agreement. Approximately $9.0 million was initially assigned to the mandatory purchase obligation and fair value adjustments were recorded as interest expense. The fair value adjustments on the mandatory purchase obligation totaled $1.9 million ($1.4 million on an after-tax basis, or $0.04 per diluted share) and $15.4 million ($11.5 million on an after-tax basis, or $0.30 per diluted share) for the thirteen and thirty-nine weeks ended October 30, 2021, respectively. There were no corresponding charges during the thirty-nine weeks ended October 29, 2022. The mandatory purchase obligation was settled for $54.6 million on November 4, 2021. Refer to further discussion regarding the mandatory purchase obligation in Note 14 to the condensed consolidated financial statements.

Brand Portfolio – Business Exits

During the thirty-nine weeks ended October 30, 2021, the Company incurred costs of $13.5 million ($11.9 million on an after-tax basis, or $0.31 per diluted share) related to the strategic realignment of the Naturalizer retail store operations. These costs primarily represented lease termination and other store closure costs, including employee severance, for the 73 stores that were closed during the first quarter of 2021. These charges are presented in restructuring and special charges on the condensed consolidated statement of earnings within the Brand Portfolio segment for the thirty-nine weeks ended October 30, 2021. There were no corresponding charges during the thirty-nine weeks ended October 29, 2022. As of October 29, 2022 and October 30, 2021, reserves of $0.0 million and $2.5 million, respectively, were included on the condensed consolidated balance sheets.