Note 6 - Business Segment Information

3 Months Ended

May 02, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 6 Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended May 2, 2020 and May 4, 2019:

($ thousands)	Famous Footwear			Brand Portfolio			Eliminations and Other			Total
Thirteen Weeks Ended May 2, 2020
Net sales	$	191,252		$	217,238		$	(11,306	)	$	397,184
Intersegment sales (1)		—			11,306			—			11,306
Operating loss		(67,540	)		(345,748	)		(12,923	)		(426,211	)
Segment assets		897,046			995,760			330,879			2,223,685
Thirteen Weeks Ended May 4, 2019
Net sales	$	352,165		$	341,050		$	(15,461	)	$	677,754
Intersegment sales (1)		—			15,461			—			15,461
Operating earnings (loss)		10,813			12,929			(6,873	)		16,869
Segment assets		998,606			1,355,842			138,622			2,493,070

⁽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 (loss) earnings to (loss) earnings before income taxes:

	Thirteen Weeks Ended
($ thousands)	May 2, 2020			May 4, 2019
Operating (loss) earnings	$	(426,211	)	$	16,869
Interest expense, net		(9,478	)		(7,340	)
Other income, net		3,585			2,619
(Loss) earnings before income taxes	$	(432,104	)	$	12,148