Thirteen Weeks Ended

($ thousands, except per share amounts)

May 2, 2020

May 4, 2019

NUMERATOR

Net (loss) earnings

$

(346,172

)

$

9,085

Net loss (earnings) attributable to noncontrolling interests

334

(2

)

Net earnings allocated to participating securities

—

(283

)

Net (loss) earnings attributable to Caleres, Inc. after allocation of earnings to participating securities

$

(345,838

)

$

8,800

DENOMINATOR

Denominator for basic (loss) earnings per common share attributable to Caleres, Inc. shareholders

38,649

40,741

Dilutive effect of share-based awards

—

60

Denominator for diluted (loss) earnings per common share attributable to Caleres, Inc. shareholders

38,649

40,801

Basic (loss) earnings per common share attributable to Caleres, Inc. shareholders

$

(8.95

)

$

0.22

Diluted (loss) earnings per common share attributable to Caleres, Inc. shareholders

$

(8.95

)

$

0.22