10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 _______________________________________________________

FORM 10-K/A

(Amendment No. 1)

(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended February 1, 2014

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

for the transition period from             to             

Commission File No. 1-3083

_____________________________________________________ 

Genesco Inc.

(Exact name of registrant as specified in its charter)

Tennessee	62-0211340
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Genesco Park, 1415 Murfreesboro Road Nashville, Tennessee	37217-2895
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (615) 367-7000

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class	Name of Exchange on which Registered
Common Stock, $1.00 par value Preferred Share Purchase Rights	New York New York

Securities Registered Pursuant to Section 12(g) of the Act:

Employees’ Subordinated Convertible Preferred Stock

________________________________________________________ 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes  x    No  ¨

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes  ¨    No  x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232-405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes  x    No  ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.   x

Indicate by check mark whether the registrant is a large accelerated filer; an accelerated filer; a non-accelerated filer; or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	o
Non-accelerated filer	o    (Do not check if smaller reporting company)	Smaller reporting company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act.) Yes  ¨    No  x

The aggregate market value of common stock held by nonaffiliates of the registrant as of August 3, 2013, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $1,738,000,000. The market value calculation was determined using a per share price of $72.48, the price at which the common stock was last sold on the New York Stock Exchange on such date. For purposes of this calculation, shares held by nonaffiliates excludes only those shares beneficially owned by officers, directors, and shareholders owning 10% or more of the outstanding common stock (and, in each case, their immediate family members and affiliates).

As of March 14, 2014, 23,923,210 shares of the registrant’s common stock were outstanding.

Documents Incorporated by Reference

Portions of Genesco’s Annual Report to Shareholders for the fiscal year ended February 1, 2014 are incorporated into Part II by reference.

Portions of the proxy statement for the June 26, 2014 annual meeting of shareholders are incorporated into Part III by reference.

Explanatory Note

Genesco Inc. (the "Company") is filing this Amendment No. 1 (this "Amendment") to its Annual Report on Form 10-K for the year ended February 1, 2014, filed with the Securities and Exchange Commission on April 2, 2014 (the "Original Filing"), for the sole purpose of furnishing the Interactive Data File as Exhibit 101. The Interactive Data File was inadvertently excluded from the Original Filing due to unanticipated technical difficulties associated with the Company's XBRL and EDGAR filing software.

Other than as described above, no changes have been made to the Original Filing. This Amendment speaks as of the date of the Original Filing, does not reflect subsequent events that may have occurred after the date of the Original Filing and does not modify or update in any way any disclosures made in the Original Filing.

PART IV

ITEM 15, EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

Financial Statements

The following consolidated financial statements of Genesco Inc. and Subsidiaries (the "Company") were filed as part of the Original Filing under Item 8, Financial Statements and Supplementary Data

Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting

Report of Independent Registered Public Accounting Firm on Financial Statements

Consolidated Balance Sheets, February 1, 2014 and February 2, 2013

Consolidated Statements of Operations, each of the three fiscal years ended 2014, 2013 and 2012

Consolidated Statements of Comprehensive Income, each of the three fiscal years ended 2014, 2013 and 2012

Consolidated Statements of Cash Flows, each of the three fiscal years ended 2014, 2013 and 2012

Consolidated Statements of Equity, each of the three fiscal years ended 2014, 2013 and 2012

Notes to Consolidated Financial Statements

Financial Statement Schedules

Schedule 2 — Valuation and Qualifying Accounts, each of the three fiscal years ended 2014, 2013 and 2012, was previously filed with the Original Filing

All other schedules are omitted because the required information is either not applicable or is presented in the financial statements or related notes. These schedules begin on page 111.

Exhibits

(2)	a.	Agreement and Plan of Merger, dated as of February 5, 2004, by and among Genesco Inc., HWC Merger Sub, Inc. and Hat World Corporation. Incorporated by reference to Exhibit (2)a to the current report on Form 8-K filed April 9, 2004 (File No. 1-3083).
	b.	Stock Purchase Agreement, dated December 9, 2006, by and among Hat World, Inc., Hat Shack, Inc. and all the shareholders of Hat Shack, Inc. Incorporated by reference to Exhibit 10.1 to the current report on Form 8-K filed December 12, 2006 (File No. 1-3083).
	c.	Sale and Purchase Agreement, dated as of June 23, 2011, by and among Genesco Inc., Schuh Group Limited, Genesco (UK) Limited and the persons listed on Schedule 1 thereto. (Pursuant to Item 601(b)(2) of Regulation S-K, the schedules and exhibits from this agreement are omitted, but will be provided supplementally to the Commission upon request.) Incorporated by reference to Exhibit 2.1 to the current report on Form 8-K filed June 28, 2011 (File No. 1-3083).
	d.	£25 million Loan Note Instrument of Genesco (UK) Limited dated June 23, 2011. Incorporated by reference to Exhibit 2.2 to the current report on Form 8-K filed June 28, 2011 (File No. 1-3083).
(3)	a.	Amended and Restated Bylaws of Genesco Inc. Incorporated by reference to Exhibit 3.1 to the current report on Form 8-K filed December 19, 2007 (File No. 1-3083).
	b.	Restated Charter of Genesco Inc., as amended. Incorporated by reference to Exhibit 1 to the Genesco Inc. Registration Statement on Form 8-A/A filed with the SEC on May 1, 2003 (File No.1-3083).
(4)	a.	Second Amended and Restated Rights Agreement dated as of April 18, 2010. Incorporated by reference to Exhibit 4.1 to the current report on Form 8-K filed April 9, 2010 (File No. 1-3083).
	b.	Form of Certificate for the Common Stock. Incorporated by reference to Exhibit 3 to the Genesco Inc. Registration Statement on Form 8-A/A filed with the SEC on May 1, 2003 (File No.1-3083).

(10)	a.	Third Amended and Restated Credit Agreement, dated as of January 31, 2014, by and among Genesco Inc., certain subsidiaries of the Genesco Inc. party thereto, as other domestic borrowers, GCO Canada Inc., Genesco (UK) Limited, the lenders party thereto and Bank of America, N.A., as Agent. Incorporated by reference to Exhibit 10.1 to the current report on Form 8-K filed February 5, 2014 (File No. 1-3083).
	b.	Amendment and Restatement Agreement dated November 1, 2013 between Schuh Group Limited as Parent and others as Borrowers and Guarantors, Lloyds Bank PLC as Arranger, Agent and Security Trustee.**
	c.	Form of Split-Dollar Insurance Agreement with Executive Officers. Incorporated by reference to Exhibit (10)a to the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 1997 (File No.1-3083).
	d.	1996 Stock Incentive Plan Amended and Restated as of October 24, 2007. Form of Option Agreement. Incorporated by reference to Exhibit (10)c to the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2007 (File No.1-3083).
	e.	Genesco Inc. 2005 Equity Incentive Plan Amended and Restated as of October 24, 2007. Incorporated by reference to Exhibit (10)d to the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2008 (File No.1-3083).
	f.	Genesco Inc. 2009 Equity Incentive Plan. Incorporated by reference to Exhibit A to the Company’s definitive proxy statement dated May 15, 2009. Amended and Restated Genesco Inc. 2009 Equity Incentive Plan. Incorporated by reference to Exhibit A to the Company’s definitive proxy statement dated May 13, 2011.
	g.	Amended and Restated EVA Incentive Compensation Plan. Incorporated by reference to Exhibit (10)a to the Company’s Quarterly Report on Form 10-Q for the quarter ended April 30, 2011 (File No. 1-3083).
	h.	Amended and Restated EVA Incentive Compensation Plan. Incorporated by reference to Exhibit (10)a to the Company’s Quarterly Report on Form 10-Q for the quarter ended April 28, 2012 (File No. 1-3083).
	i.	Form of Incentive Stock Option Agreement. Incorporated by reference to Exhibit (10)c to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 29, 2005 (File No.1-3083).
	j.	Form of Non-Qualified Stock Option Agreement. Incorporated by reference to Exhibit (10)d to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 29, 2005 (File No.1-3083).
	k.	Form of Restricted Share Award Agreement for Executive Officers. Incorporated by reference to Exhibit (10)e to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 29, 2005 (File No.1-3083).
	l.	Form of Restricted Share Award Agreement for Officers and Employees. Incorporated by reference to Exhibit (10)f to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 29, 2005 (File No.1-3083).
	m.	Form of Restricted Share Award Agreement. Incorporated by reference to Exhibit (10)a to the Company’s Quarterly Report on Form 10-Q for the quarter ended August 1, 2009 (File No. 1-3083).
	n.	Form of Indemnification Agreement For Directors. Incorporated by reference to Exhibit (10)m to the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 1993 (File No.1-3083).
	o.	Form of Non-Executive Director Indemnification Agreement. Incorporated by reference to Exhibit (10.1) to the current report on Form 8-K filed November 3, 2008 (File No. 1-3083).
	p.	Form of Officer Indemnification Agreement. Incorporated by reference to Exhibit (10.2) to the Company’s Quarterly Report on Form 10-Q for the quarter ended November 1, 2008 (File No.1-3083).
	q.	Supplemental Pension Agreement dated as of October 18, 1988 between the Company and William S. Wire II, as amended January 9, 1993. Incorporated by reference to Exhibit (10)p to the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 1993 (File No.1-3083).
	r.	Deferred Compensation Trust Agreement dated as of February 27, 1991 between the Company and NationsBank of Tennessee for the benefit of William S. Wire, II, as amended January 9, 1993. Incorporated by reference to Exhibit (10)q to the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 1993 (File No.1-3083).
	s.	Form of Employment Protection Agreement between the Company and certain executive officers dated as of February 26, 1997. Incorporated by reference to Exhibit (10)p to the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 1997 (File No.1-3083).

	t.	First Amendment to Form of Employment Protection Agreement. Incorporated by reference to Exhibit (10)s to the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2010 (File No.1-3083).
	u.	Employment Agreement dated as of March 29, 2010 between the Company and Hal N. Pennington. Incorporated by reference to Exhibit (10)t to the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2010 (File No.1-3083).
	v.	Trademark License Agreement, dated August 9, 2000, between Levi Strauss & Co. and Genesco Inc. Incorporated by reference to Exhibit (10.1) to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 30, 2004 (File No.1-3083).*
	w.	Amendment No. 1 (Renewal) to Trademark License Agreement, dated October 18, 2004, between Levi Strauss & Co. and Genesco Inc. Incorporated by reference to Exhibit (10.2) to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 30, 2004 (File No.1-3083).*
	x.	Amendment No. 2 (Renewal) to Trademark License Agreement, dated November 1, 2006, between Levi Strauss & Co. and Genesco. Inc. Incorporated by reference to Exhibit (10.1) to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 28, 2006 (File No.1-3083).*
	y.	Amendment No. 4 (Renewal) to Trademark License Agreement, dated May 15, 2009, between Levi Strauss & Co. and Genesco Inc. Incorporated by reference to Exhibit (10)b to the Company’s Quarterly Report on Form 10-Q for the quarter ended August 1, 2009 (File No.1-3083).*
	z.	Amendment No. 5 (Renewal) to Trademark License Agreement, dated July 23, 2012, between Levi Strauss & Co. and Genesco Inc. Incorporated by reference to Exhibit (10.1) to the Company’s Current Report on Form 8-K filed July 25, 2012 (File No. 1-3083).*
	aa.	Genesco Inc. Deferred Income Plan dated as of July 1, 2000. Incorporated by reference to Exhibit (10)p to the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 2005. Amended and Restated Deferred Income Plan dated August 22, 2007. Incorporated by reference to Exhibit (10)r to the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2008 (File No.1-3083).
	bb.	Non-Employee Director and Named Executive Officer Compensation. Incorporated by reference to Exhibit (10)b to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 29, 2005 (File No.1-3083).
	cc.	The Schuh Group Limited 2015 Management Bonus Scheme. Incorporated by reference to Exhibit (10)a to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 30, 2011 (File No.1-3083).
	dd.	1996 Employee Stock Purchase Plan. Incorporated by reference to Registration Statement on Form S-8 filed September 14, 1995 (File No. 333-62653).
	ee.	Amended and Restated Genesco Employee Stock Purchase Plan dated August 22, 2007. Incorporated by reference to Exhibit (10)u to the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2008 (File No.1-3083).
	ff.	Basic Form of Exchange Agreement (Restricted Stock). Incorporated by reference to Exhibit 10.1 to the current report on Form 8-K filed April 29, 2009 (File No. 1-3083).
	gg.	Basic Form of Exchange Agreement (Unrestricted Stock). Incorporated by reference to Exhibit 10.2 to the current report on Form 8-K filed April 29, 2009 (File No. 1-3083).
	hh.	Form of Conversion Agreement. Incorporated by reference to Exhibit 10.1 to the current report on Form 8-K filed November 2, 2009 (File No. 1-3083).
	ii.	Form of Conversion Agreement. Incorporated by reference to Exhibit 10.1 to the current report on Form 8-K filed November 6, 2009 (File No. 1-3083).
	jj.	Settlement Agreement, dated as of March 3, 2008, by and among UBS Securities LLC and UBS Loan Finance LLC, The Finish Line, Inc. and Headwind, Inc. and Genesco Inc. Incorporated by reference to Exhibit 10.1 to the current report on Form 8-K filed March 4, 2008 (File No. 1-3083).
(21)		Subsidiaries of the Company **
(23)		Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm included on page 109.**
(24)		Power of Attorney **
(31.1)		Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**

(31.2)	Certification of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**
(32.1)	Certification of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**
(32.2)	Certification of the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**
(99)	Financial Statements and Report of Independent Registered Public Accounting Firm with respect to the Genesco Employee Stock Purchase Plan being filed herein in lieu of filing Form 11-K pursuant to Rule 15d-21(filed with the Original Filing).**
101.INS	XBRL Instance Document***
101.SCH	XBRL Schema Document***
101.CAL	XBRL Calculation Linkbase Document***
101.DEF	XBRL Definition Linkbase Document***
101.LAB	XBRL Label Linkbase Document***
101.PRE	XBRL Presentation Linkbase Document***

Exhibits (10)c through (10)m, (10)s through (10)u and (10)aa through (10)ee are Management Contracts or Compensatory Plans or Arrangements required to be filed as Exhibits to this Form 10-K.

*	Certain information has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been granted with respect to the omitted portion.
**	Previously filed as an exhibit to the Company's Annual Report on Form 10-K for the year ended February 1, 2014 filed on April 2, 2014.
***	Furnished herewith.

A copy of any of the above described exhibits will be furnished to the shareholders upon written request, addressed to Director, Corporate Relations, Genesco Inc., Genesco Park, Room 498, P.O. Box 731, Nashville, Tennessee 37202-0731, accompanied by a check in the amount of $15.00 payable to Genesco Inc.

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GENESCO INC.
By:	/s/James S. Gulmi
	James S. Gulmi
	Senior Vice President – Finance and
	Chief Financial Officer

Date: April 3, 2014

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Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Feb. 01, 2014

Quarterly Financial Information Disclosure [Abstract]

Details of quarterly financial information

(In thousands,	1st Quarter						2nd Quarter						3rd Quarter						4th Quarter						Fiscal Year
except per share amounts)	2014			2013			2014			2013			2014			2013			2014(a)			2013			2014(b)		2013
Net sales	$	591,388		$	600,144		$	574,746		$	543,522		$	666,332		$	664,458		$	792,506		$	796,693		$	2,624,972	$	2,604,817
Gross margin	298,437			306,906			282,808			273,059			332,161			334,412			385,644			384,240			1,299,050		1,298,617
Earnings from continuing operations before income taxes	24,685		(1)	35,886		(3)	14,388		(5)	14,638		(7)	45,789		(8)	52,907		(9)	73,998		(11)	61,401		(13)	158,860		164,832
Earnings from continuing operations	14,509			21,754			8,465			10,009			27,796			42,221			42,212			38,913			92,982		112,897
Net earnings	14,410		(2)	21,577		(4)	8,340		(6)	9,968			27,750			42,127		(10)	42,153		(12)	38,763		(14)	92,653		112,435
Diluted earnings per common share:
Continuing operations	0.61			0.88			0.36			0.41			1.18			1.76			1.79			1.64			3.94		4.69
Net earnings	0.61			0.87			0.35			0.40			1.18			1.76			1.79			1.63			3.92		4.68

(1) Includes a net asset impairment and other charge of $1.3 million (see Note 3). (a) 13 week period vs. 14

(2) Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3). weeks in prior period.

(3) Includes a net asset impairment and other charge of $0.1 million (see Note 3). (b) 52 week period vs. 53

(4) Includes a loss of $0.2 million, net of tax, from discontinued operations (see Note 3). weeks in prior period.

(5) Includes a net asset impairment and other credit of $(7.1) million (see Note 3).

(6) Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3).

(7) Includes a net asset impairment and other charge of $0.4 million (see Note 3).

(8) Includes a net asset impairment and other charge of $1.5 million (see Note 3).

(9) Includes a net asset impairment and other charge of $0.4 million (see Note 3).

(10) Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3).

(11) Includes a net asset impairment and other charge of $5.6 million (see Note 3).

(12) Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3).

(13) Includes a net asset impairment and other charge of $16.1 million (see Note 3).

(14) Includes a loss of $0.2 million, net of tax, from discontinued operations (see Note 3).

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Fair Value (Details Textual) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Fair Value (Textual) [Abstract]
Impairment of long-lived assets	$ 2,347	$ 1,396	$ 1,119

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Acquisitions and Intangible Assets (Details 2) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014		Feb. 02, 2013
Other intangibles by major classes
Gross other intangibles	$ 29,727		$ 28,818
Accumulated amortization	(20,645)		(17,220)
Net Other Intangibles	9,082		11,598
Leases [Member]
Other intangibles by major classes
Gross other intangibles	13,104		12,584
Accumulated amortization	(11,997)		(10,800)
Net Other Intangibles	1,107		1,784
Customer Lists [Member]
Other intangibles by major classes
Gross other intangibles	14,381		14,116
Accumulated amortization	(7,354)		(5,312)
Net Other Intangibles	7,027		8,804
Other [Member]
Other intangibles by major classes
Gross other intangibles	2,242	[1]	2,118	[1]
Accumulated amortization	(1,294)	[1]	(1,108)	[1]
Net Other Intangibles	$ 948	[1]	$ 1,010	[1]

[1] Includes non-compete agreements, vendor contract and backlog.

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Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward
Benefit obligation at beginning of year	$ 119,126	$ 118,644
Service cost	350	350	250
Interest cost	4,584	4,961	5,597
Plan participants’ contributions	0	0
Benefits paid	(9,000)	(9,038)
Actuarial (gain) loss	(3,927)	4,209
Benefit Obligation at End of Year	111,133	119,126	118,644
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	98,612	96,443
Actual gain on plan assets	12,298	11,207
Employer contributions	0	0
Plan participants’ contributions	0	0
Benefits paid	(9,000)	(9,038)
Fair Value of Plan Assets at End of Year	101,910	98,612	96,443
Funded Status at End of Year	(9,223)	(20,514)
Other Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward
Benefit obligation at beginning of year	4,487	3,908
Service cost	428	356	166
Interest cost	159	157	174
Plan participants’ contributions	86	74
Benefits paid	(436)	(221)
Actuarial (gain) loss	990	213
Benefit Obligation at End of Year	5,714	4,487	3,908
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual gain on plan assets	0	0
Employer contributions	350	147
Plan participants’ contributions	86	74
Benefits paid	(436)	(221)
Fair Value of Plan Assets at End of Year	0	0	0
Funded Status at End of Year	$ (5,714)	$ (4,487)

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Long-Term Debt (Details) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Long-Term Debt
Total long-term debt	$ 33,730	$ 50,682
Current portion	6,793	5,675
Total Noncurrent Portion of Long-Term Debt	26,937	45,007
Revolver Borrowings [Member]
Long-Term Debt
Total long-term debt	0	27,700
UK Term Loans [Member]
Long-Term Debt
Total long-term debt	$ 33,730	$ 22,982

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Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 8)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]
Health care cost trend rate assumed for next year	8.00%	7.00%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2019	2017

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Acquisitions and Intangible Assets (Details) In Thousands, unless otherwise specified	Feb. 01, 2014 USD ($)	Feb. 02, 2013 USD ($)	Jun. 23, 2011 Schuh [Member] USD ($)	Jun. 23, 2011 Schuh [Member] GBP (£)
Business Acquisition [Line Items]
Cash			$ 24,836
Accounts receivable			4,673
Inventories			32,179
Other current assets			7,565
Property and equipment			30,314
Other non-current assets			6,977
Deferred taxes			4,197
Trademarks			27,224
Other intangibles			4,995
Goodwill	288,100	273,827	102,907
Accounts payable			(16,196)
Other current liabilities			(24,718)
Long-term debt (includes current portion)			(62,562)	(29,500)
Other non-current liabilities			(26,637)
Net Assets Acquired			$ 115,754

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Equity (Tables)

12 Months Ended

Feb. 01, 2014

Equity [Abstract]

Non redeemable preferred stock

Non-Redeemable Preferred Stock

	Shares Authorized		Number of Shares			Amounts in Thousands									Common Convertible Ratio		No. of Votes per share
Class (In order of preference)*			2014	2013	2012	2014			2013			2012
Subordinated Serial Preferred (Cumulative)
Aggregate	3,000,000	**	—	—	—	—			—			—			N/A		N/A
$2.30 Series 1	64,368		—	16,203	30,368	$	—		$	648		$	1,215		.83		1
$4.75 Series 3	40,449		—	7,398	11,643	—			740			1,164			2.11		2
$4.75 Series 4	53,764		—	3,247	3,397	—			325			340			1.52		1
Series 6	800,000		—	—	—	—			—			—					100
$1.50 Subordinated Cumulative Preferred	5,000,000		—	30,067	30,067	—			902			902					1
			—	56,915	75,475	—			2,615			3,621
Employees’ Subordinated Convertible Preferred	5,000,000		46,069	46,852	47,922	1,382			1,405			1,437			1.00	***	1
Stated Value of Issued Shares						1,382			4,020			5,058
Employees’ Preferred Stock Purchase Accounts						(77		)	(96		)	(101		)
Total Non-Redeemable Preferred Stock						$	1,305		$	3,924		$	4,957

*    In order of preference for liquidation and dividends.

** The Company’s charter permits the board of directors to issue Subordinated Serial Preferred Stock in as many series, each with as many shares and such rights and preferences as the board may designate.

***    Also convertible into one share of $1.50 Subordinated Cumulative Preferred Stock.

Preferred stock transactions

Preferred Stock Transactions

In thousands	Non-Redeemable Preferred Stock			Non-Redeemable Employees’ Preferred Stock			Employees’ Preferred Stock Purchase Accounts			Total Non-Redeemable Preferred Stock
Balance January 29, 2011	$	3,816		$	1,476		$	(109	)	$	5,183
Other	(195		)	(39		)	8			(226		)
Balance January 28, 2012	3,621			1,437			(101		)	4,957
Other	(1,006		)	(32		)	5			(1,033		)
Balance February 2, 2013	2,615			1,405			(96		)	3,924
Preferred stock redemptions	(1,462		)	—			—			(1,462		)
Other stock conversions	(1,153		)	(23		)	19			(1,157		)
Balance February 1, 2014	$	—		$	1,382		(77		)	$	1,305

Changes in shares of company's capital stock

Changes in the Shares of the Company’s Capital Stock

	Common Stock		Non- Redeemable Preferred Stock		Employees’ Preferred Stock
Issued at January 29, 2011	24,162,634		79,306		49,192
Exercise of options	390,357		—		—
Issue restricted stock	304,050		—		—
Issue shares—Employee Stock Purchase Plan	2,717		—		—
Shares repurchased	0		—		—
Other	(101,932	)	(3,831	)	(1,270	)
Issued at January 28, 2012	24,757,826		75,475		47,922
Exercise of options	223,618		—		—
Issue restricted stock	204,456		—		—
Issue shares—Employee Stock Purchase Plan	2,463		—		—
Shares repurchased	(645,904	)	—		—
Other	(57,544	)	(18,560	)	(1,070	)
Issued at February 2, 2013	24,484,915		56,915		46,852
Exercise of options	130,051		—		—
Issue restricted stock	213,827		—		—
Issue shares—Employee Stock Purchase Plan	3,146		—		—
Shares repurchased	(337,665	)	—		—
Other	(86,550	)	(56,915	)	(783	)
Issued at February 1, 2014	24,407,724		—		46,069
Less shares repurchased and held in treasury	488,464		—		—
Outstanding at February 1, 2014	23,919,260		—		46,069

XML

Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 9) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014
Defined Benefit Plan, Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates [Abstract]
Aggregated service and interest cost, 1% increase in rates	$ 134
Aggregated service and interest cost, 1% decrease in rates	106
Accumulated postretirement benefit obligation, 1% increase in rates	626
Accumulated postretirement benefit obligation, 1% decrease in rates	$ 735

XML

Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 3) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets [Abstract]
Projected benefit obligation	$ 111,133	$ 119,126
Accumulated benefit obligation	111,133	119,126
Fair value of plan assets	$ 101,910	$ 98,612

XML

Share-Based Compensation Plans, Employee Stock Purchase Plan (Details Textual) (USD $)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Stock Purchase Plans [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee annual base salary to qualify under plan	$ 90,000
Employee prior annual base salary to qualify under plan	100,000
Maximum Percentage of annual base salary under plan	0.15
Maximum amount of annual base salary under plan	8,500
Percentage of last day exercise price available to participant	0.85
Shares sold to employees	3,146	2,463	2,717
Amended Stock Purchase Plans [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Maximum Percentage of annual base salary under plan	0.15
Maximum amount of annual base salary under plan	$ 9,500
Percentage of discount on Last day fair market value available to participant	0.05
Common Stock [Member] | Stock Purchase Plans [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shares authorized for issuance	1,000,000.0

XML

Commitments Under Long-Term Leases (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Rental expense under operating leases
Minimum rentals	$ 227,880	$ 215,516	$ 192,175
Contingent rentals	9,667	14,786	12,918
Sublease rentals	(663)	(667)	(686)
Total Rental Expense	236,884	229,635	204,407
Minimum rental commitments payable in future years
2015	235,049
2016	216,870
2017	188,714
2018	157,295
2019	126,726
Later years	381,825
Total Minimum Rental Commitments	$ 1,306,479

XML

Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 6)	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.40%	4.00%	4.35%
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.40%	4.01%
Rate of compensation increase	0.00%	0.00%

XML

Share-Based Compensation Plans (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013	Jan. 28, 2012
Summary of stock option activity
Outstanding Shares, Beginning balance	263,155		486,773	877,130
Granted, Shares	0		0	0
Exercised, Shares	(130,051)		(223,618)	(390,357)
Forfeited, Shares	(2,250)		0	0
Outstanding Shares, Ending balance	130,854		263,155	486,773
Exercisable, Shares	130,854
Summary of stock option activity, weighted average exercise price
Outstanding, Weighted-Average Exercise Price, Beginning balance (USD per share)	$ 27.43		$ 24.70	$ 24.75
Granted, Weighted-Average Exercise Price (USD per share)	$ 0.00		$ 0.00	$ 0.00
Exercised, Weighted-Average Exercise Price (USD per share)	$ 23.33		$ 21.50	$ 24.82
Forfeited, Weighted-Average Exercise Price (USD per share)	$ 17.50		$ 0.00	$ 0.00
Outstanding, Weighted-Average Exercise Price, Ending balance (USD per share)	$ 31.67		$ 27.43	$ 24.70
Exercisable, Weighted-Average Exercise Price (USD per share)	$ 31.67
Outstanding, Weighted-Average Remaining Contractual Term	1 year 6 months 29 days
Exercisable, Weighted-Average Remaining Contractual Term	1 year 6 months 29 days
Outstanding, Aggregate Intrinsic Value	$ 5,045	[1]
Exercisable, Aggregate Intrinsic Value	$ 5,045	[1]

[1] Based upon the difference between the closing market price of the Company’s common stock on the last trading day of the year and the grant price of in-the-money options.

XML

Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 11) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	$ 101,910	$ 98,612
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	101,910	98,612
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Total [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	101,910	98,612
International Equity [Member] | Equity Securities [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	13,026	13,757
International Equity [Member] | Equity Securities [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
International Equity [Member] | Equity Securities [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
International Equity [Member] | Equity Securities [Member] | Total [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	13,026	13,757
Domestic Equity [Member] | Equity Securities [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	53,187	51,011
Domestic Equity [Member] | Equity Securities [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Domestic Equity [Member] | Equity Securities [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Domestic Equity [Member] | Equity Securities [Member] | Total [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	53,187	51,011
Fixed Income Securities [Member] | Equity Securities [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	35,481	33,633
Fixed Income Securities [Member] | Equity Securities [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Fixed Income Securities [Member] | Equity Securities [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Fixed Income Securities [Member] | Equity Securities [Member] | Total [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	35,481	33,633
Cash Equivalents [Member] | Other Securities [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	235	235
Cash Equivalents [Member] | Other Securities [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Cash Equivalents [Member] | Other Securities [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Cash Equivalents [Member] | Other Securities [Member] | Total [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	235	235
Other Cash Equivalents Includes Receivables And Payables [Member] | Other Securities [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	(19)	(24)
Other Cash Equivalents Includes Receivables And Payables [Member] | Other Securities [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Other Cash Equivalents Includes Receivables And Payables [Member] | Other Securities [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	0	0
Other Cash Equivalents Includes Receivables And Payables [Member] | Other Securities [Member] | Total [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Pension Plan Assets	$ (19)	$ (24)

XML

Share-Based Compensation Plans (Details 1) (Nonvested Restricted Shares [Member], USD $)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Nonvested Restricted Shares [Member]
Summary of the status of the Company's nonvested shares of its employee restricted stock
Nonvested Shares, Beginning balance	692,782	772,665	818,119
Granted, Shares	199,392	194,232	289,407
Vested, Shares	(199,428)	(195,203)	(227,691)
Withheld for federal taxes, Shares	(105,193)	(75,552)	(93,089)
Forfeited, Shares	(6,279)	(3,360)	(14,081)
Nonvested Shares, Ending balance	581,274	692,782	772,665
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Nonvested, Weighted-Average Grant-Date Fair Value, Beginning balance	$ 40.59	$ 32.41	$ 23.95
Granted, Weighted-Average Grant-Date Fair Value	$ 65.11	$ 57.58	$ 45.14
Vested, Weighted-Average Grant-Date Fair Value	$ 34.31	$ 29.95	$ 22.58
Withheld for federal taxes, Weighted-Average Grant-Date Fair Value	$ 34.42	$ 29.97	$ 22.42
Forfeited, Weighted-Average Grant-Date Fair Value	$ 46.48	$ 38.96	$ 27.38
Nonvested, Weighted-Average Grant-Date Fair Value, Ending balance	$ 52.21	$ 40.59	$ 32.41

XML

Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 7)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.00%	4.35%	5.25%
Expected long-term rate of return on plan assets	7.75%	7.75%	8.25%
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.01%	4.17%	5.25%
Expected long-term rate of return on plan assets	0.00%	0.00%	0.00%
Rate of compensation increase	0.00%	0.00%	0.00%

XML

Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 1) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Noncurrent assets	$ 0	$ 0
Current liabilities	0	0
Noncurrent liabilities	(9,223)	(20,514)
Net Amount Recognized	(9,223)	(20,514)
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Noncurrent assets	0	0
Current liabilities	(208)	(160)
Noncurrent liabilities	(5,506)	(4,327)
Net Amount Recognized	$ (5,714)	$ (4,487)

XML

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Feb. 01, 2014

Accounting Policies [Abstract]

Nature of Operations

Nature of Operations

The Company's business includes the design and sourcing, marketing and distribution of footwear and accessories through retail stores in the U.S., Puerto Rico and Canada primarily under the Journeys, Journeys Kidz, Shi by Journeys, Underground by Journeys and Johnston & Murphy banners and under the Schuh banner in the United Kingdom and the Republic of Ireland; through e-commerce websites including journeys.com, journeyskidz.com, shibyjourneys.com, schuh.co.uk, johnstonmurphy.com and trask.com and catalogs, and at wholesale, primarily under the Company's Johnston & Murphy brand, the recently relaunched Trask brand, the licensed Dockers brand and other brands that the Company licenses for footwear, and the Company's SureGrip^® line of slip-resistant, occupational footwear. The Company's business also includes Lids Sports Group, which operates headwear and accessory stores in the U.S. and Canada primarily under the Lids, Hat World and Hat Shack banners; the Lids Locker Room and Lids Clubhouse businesses, consisting of sports-oriented fan shops featuring a broad array of licensed merchandise such as apparel, hats and accessories, sports decor and novelty products, operating under various trade names; licensed team merchandise departments in Macy's department stores operated under the name of Locker Room by Lidsand onmacys.com, under a license agreement with Macy's;certain e-commerce operations including lids.com, lids.ca, lidslockerroom.com and lidsclubhouse.com; and an athletic team dealer business operating as Lids Team Sports. Including both the footwear businesses and the Lids Sports Group business, at February 1, 2014, the Company operated 2,568 retail stores in the U.S., Puerto Rico, Canada, the United Kingdom and the Republic of Ireland.

During Fiscal 2014, the Company operated five reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys retail footwear chains, catalog and e-commerce operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Lids Sports Group, comprised as described in the preceding paragraph; (iv) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, catalog and e-commerce operations and wholesale distribution of products under the Johnston & Murphy and Trask brands; and (v) Licensed Brands, comprised of Dockers^® Footwear, sourced and marketed under a license from Levi Strauss & Company; SureGrip^®Footwear, occupational footwear primarily sold directly to consumers; and other brands.

Principles of Consolidation

Principles of Consolidation

All subsidiaries are consolidated in the consolidated financial statements. All significant intercompany transactions and accounts have been eliminated.

Fiscal Year

Fiscal Year

The Company’s fiscal year ends on the Saturday closest to January 31. As a result, Fiscal 2014 was a 52-week year with 364 days, Fiscal 2013 was a 53-week year with 371 days and Fiscal 2012 was a 52-week year with 364 days. Fiscal 2014 ended on February 1, 2014, Fiscal 2013 ended on February 2, 2013 and Fiscal 2012 ended on January 28, 2012.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Significant areas requiring management estimates or judgments include the following key financial areas:

Inventory Valuation

The Company values its inventories at the lower of cost or market.

In its footwear wholesale operations, its Schuh Group segment and its Lids Sports Group wholesale operations, except for the Anaconda Sports wholesale division, cost is determined using the FIFO method. Market value is determined using a system of analysis which evaluates inventory at the stock number level based on factors such as inventory turn, average selling price, inventory level, and selling prices reflected in future orders. The Company provides reserves when the inventory has not been marked down to market value based on current selling prices or when the inventory is not turning and is not expected to turn at levels satisfactory to the Company.

The Lids Sports Group retail segment and its Anaconda Sports wholesale division employ the moving average cost method for valuing inventories and apply freight using an allocation method. The Company provides a valuation allowance for slow-moving inventory based on negative margins and estimated shrink based on historical experience and specific analysis, where appropriate.

In its retail operations, other than the Schuh Group and Lids Sports Group retail segments, the Company employs the retail inventory method, applying average cost-to-retail ratios to the retail value of inventories. Under the retail inventory method, valuing inventory at the lower of cost or market is achieved as markdowns are taken or accrued as a reduction of the retail value of inventories.

Inherent in the retail inventory method are subjective judgments and estimates, including merchandise mark-on, markups, markdowns, and shrinkage. These judgments and estimates, coupled with the

fact that the retail inventory method is an averaging process, could produce a range of cost figures. To reduce the risk of inaccuracy and to ensure consistent presentation, the Company employs the retail inventory method in multiple subclasses of inventory with similar gross margins, and analyzes markdown requirements at the stock number level based on factors such as inventory turn, average selling price, and inventory age. In addition, the Company accrues markdowns as necessary. These additional markdown accruals reflect all of the above factors as well as current agreements to return

products to vendors and vendor agreements to provide markdown support. In addition to markdown provisions, the Company maintains provisions for shrinkage and damaged goods based on historical rates.

Note 1

Summary of Significant Accounting Policies, Continued

Inherent in the analysis of both wholesale and retail inventory valuation are subjective judgments about current market conditions, fashion trends, and overall economic conditions. Failure to make appropriate conclusions regarding these factors may result in an overstatement or understatement of inventory value.

Impairment of Long-Lived Assets

The Company periodically assesses the realizability of its long-lived assets, other than goodwill, and evaluates such assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Asset impairment is determined to exist if estimated future cash flows, undiscounted and without interest charges, are less than the carrying amount. Inherent in the analysis of impairment are subjective judgments about future cash flows. Failure to make appropriate conclusions regarding these judgments may result in an overstatement or understatement of the value of long-lived assets. See also Notes 3 and 5.

The goodwill impairment test involves performing a qualitative assessment, on a reporting unit level, based on current circumstances. If the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, a two-step impairment test will not be performed. However, if the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step impairment test is performed. Alternatively, the Company may elect to bypass the qualitative assessment and proceed directly to the two-step impairment test, on a reporting unit level. The first step is a comparison of the fair value and carrying value of the business unit with which the goodwill is associated. The Company estimates fair value using the best information available, and computes the fair value derived by an income approach utilizing discounted cash flow projections. The income approach uses a projection of a reporting unit’s estimated operating results and cash flows that is discounted using a weighted-average cost of capital that reflects current market conditions. A key assumption in the Company’s fair value estimate is the weighted average cost of capital utilized for discounting its cash flow projections in its income approach. The Company believes the rate it used in its latest annual test, which was completed in the fourth quarter, was consistent with the risks inherent in its business and with industry discount rates. The projection uses management’s best estimates of economic and market conditions over the projected period including growth rates in sales, costs, estimates of future expected changes in operating margins and cash expenditures.

Other significant estimates and assumptions include terminal value growth rates, future estimates of capital expenditures and changes in future working capital requirements.

If the carrying value of the reporting unit is higher than its fair value, there is an indication that impairment may exist and the second step must be performed to measure the amount of impairment loss. The amount of impairment is determined by comparing the implied fair value of reporting

unit goodwill to the carrying value of the goodwill in the same manner as if the reporting unit was being acquired in a business combination.

Note 1

Summary of Significant Accounting Policies, Continued

Specifically, the Company would allocate the fair value of the reporting unit to all of the assets and liabilities of the reporting unit, including any unrecognized intangible assets, in a hypothetical analysis that would calculate the implied fair value of goodwill. If the implied fair value of goodwill is less than the recorded goodwill, the Company would record an impairment charge for the difference.

Environmental and Other Contingencies

The Company is subject to certain loss contingencies related to environmental proceedings and other legal matters. The Company has made pretax accruals for certain of these contingencies, including approximately $0.5 million in Fiscal 2014, $0.8 million in Fiscal 2013 and $1.8 million in Fiscal 2012. These charges are included in provision for discontinued operations, net in the Consolidated Statements of Operations because they relate to former facilities operated by the Company. The Company monitors these matters on an ongoing basis and, on a quarterly basis, management reviews the Company’s reserves and accruals, adjusting provisions as management deems necessary in view of changes in available information. Changes in estimates of liability are reported in the periods when they occur. Consequently, management believes that its reserve in relation to each proceeding is a best estimate of probable loss connected to the proceeding, or in cases in which no best estimate is possible, the minimum amount in the range of estimated losses, based upon its analysis of the facts and circumstances as of the close of the most recent fiscal quarter. However, because of uncertainties and risks inherent in litigation generally and in environmental proceedings in particular, there can be no assurance that future developments will not require additional reserves, that some or all reserves will be adequate or that the amounts of any such additional reserves or any such inadequacy will not have a material adverse effect upon the Company’s financial condition, cash flows, or results of operations. See also Notes 3 and 13.

Revenue Recognition

Retail sales are recorded at the point of sale and are net of estimated returns and exclude sales and value added taxes. Catalog and internet sales are recorded at estimated time of delivery to the customer and are net of estimated returns and exclude sales and value added taxes. Wholesale revenue is recorded net of estimated returns and allowances for markdowns, damages and miscellaneous claims when the related goods have been shipped and legal title has passed to the customer. Shipping and handling costs charged to customers are included in net sales. Estimated returns are based on historical returns and claims. Actual amounts of markdowns have not differed materially from estimates. Actual returns and claims in any future period may differ from historical experience.

Income Taxes

As part of the process of preparing the Consolidated Financial Statements, the Company is required to estimate its income taxes in each of the tax jurisdictions in which it operates. This process involves estimating actual current tax obligations together with assessing temporary differences resulting from differing treatment of certain items for tax and accounting purposes, such as depreciation of property and equipment and valuation of inventories. These temporary differences result in deferred tax assets and liabilities, which are included within the Consolidated Balance Sheets. The Company then assesses the likelihood that its deferred tax assets will be recovered from future taxable income or other sources. Actual results could differ from this assessment if adequate taxable income is not

Note 1

Summary of Significant Accounting Policies, Continued

generated in future periods. To the extent the Company believes that recovery of an asset is at risk, valuation allowances are established. To the extent valuation allowances are established or increased in a period, the Company includes an expense within the tax provision in the Consolidated Statements of Operations. These deferred tax valuation allowances may be released in future years when management considers that it is more likely than not that some portion or all of the deferred tax assets will be realized. In making such a determination, management will need to periodically evaluate whether or not all available evidence, such as future taxable income and reversal of temporary differences, tax planning strategies, and recent results of operations, provides sufficient positive evidence to offset any potential negative evidence that may exist at such time. In the event the deferred tax valuation allowance is released, the Company would record an income tax benefit for the portion or all of the deferred tax valuation allowance released. At February 1, 2014, the Company had a deferred tax valuation allowance of $3.8 million.

Income tax reserves for uncertain tax positions are determined using the methodology required by the Income Tax Topic of the Accounting Standards Codification ("Codification"). This methodology requires companies to assess each income tax position taken using a two step process. A determination is first made as to whether it is more likely than not that the position will be sustained, based upon the technical merits, upon examination by the taxing authorities. If the tax position is expected to meet the more likely than not criteria, the benefit recorded for the tax position equals the largest amount that is greater than 50% likely to be realized upon ultimate settlement of the respective tax position. Uncertain tax positions require determinations and estimated liabilities to be made based on provisions of the tax law which may be subject to change or varying interpretation. If the Company’s determinations and estimates prove to be inaccurate, the resulting adjustments could be material to its future financial results.

The Company recorded an effective income tax rate of 41.5% for Fiscal 2014 compared to 31.5% for Fiscal 2013 and 40.2% for Fiscal 2012. The tax rate for Fiscal 2013 was lower compared to Fiscal 2014 and Fiscal 2012 primarily due to the reversal of previously recorded charges related to uncertain tax positions due to the expiration of the applicable statutes of limitations and a settlement with a state tax authority more favorable than anticipated related to other uncertain tax positions.

Postretirement Benefits Plan Accounting

Full-time employees who had at least 1,000 hours of service in calendar year 2004, except employees in the Lids Sports Group and Schuh Group segments, are covered by a defined benefit pension plan. The Company froze the defined benefit pension plan effective January 1, 2005. The Company also provides certain former employees with limited medical and life insurance benefits. The Company funds at least the minimum amount required by the Employee Retirement Income Security Act.

Note 1

Summary of Significant Accounting Policies, Continued

As required by the Compensation – Retirement Benefits Topic of the Codification, the Company is required to recognize the overfunded or underfunded status of postretirement benefit plans as an asset or liability, respectively, in their Consolidated Balance Sheets and to recognize changes in that funded status in accumulated other comprehensive loss, net of tax, in the year in which the changes occur.

The Company accounts for the defined benefit pension plans using the Compensation-Retirement Benefits Topic of the Codification. As permitted under this topic, pension expense is recognized on an accrual basis over employees’ approximate service periods. The calculation of pension expense

and the corresponding liability requires the use of a number of critical assumptions, including the expected long-term rate of return on plan assets and the assumed discount rate, as well as the recognition of actuarial gains and losses. Changes in these assumptions can result in different expense and liability amounts, and future actual experience can differ from these assumptions.

Inventory Valuation

Inventory Valuation

The Company values its inventories at the lower of cost or market.

In its footwear wholesale operations, its Schuh Group segment and its Lids Sports Group wholesale operations, except for the Anaconda Sports wholesale division, cost is determined using the FIFO method. Market value is determined using a system of analysis which evaluates inventory at the stock number level based on factors such as inventory turn, average selling price, inventory level, and selling prices reflected in future orders. The Company provides reserves when the inventory has not been marked down to market value based on current selling prices or when the inventory is not turning and is not expected to turn at levels satisfactory to the Company.

The Lids Sports Group retail segment and its Anaconda Sports wholesale division employ the moving average cost method for valuing inventories and apply freight using an allocation method. The Company provides a valuation allowance for slow-moving inventory based on negative margins and estimated shrink based on historical experience and specific analysis, where appropriate.

In its retail operations, other than the Schuh Group and Lids Sports Group retail segments, the Company employs the retail inventory method, applying average cost-to-retail ratios to the retail value of inventories. Under the retail inventory method, valuing inventory at the lower of cost or market is achieved as markdowns are taken or accrued as a reduction of the retail value of inventories.

Inherent in the retail inventory method are subjective judgments and estimates, including merchandise mark-on, markups, markdowns, and shrinkage. These judgments and estimates, coupled with the

fact that the retail inventory method is an averaging process, could produce a range of cost figures. To reduce the risk of inaccuracy and to ensure consistent presentation, the Company employs the retail inventory method in multiple subclasses of inventory with similar gross margins, and analyzes markdown requirements at the stock number level based on factors such as inventory turn, average selling price, and inventory age. In addition, the Company accrues markdowns as necessary. These additional markdown accruals reflect all of the above factors as well as current agreements to return

products to vendors and vendor agreements to provide markdown support. In addition to markdown provisions, the Company maintains provisions for shrinkage and damaged goods based on historical rates.

Note 1

Summary of Significant Accounting Policies, Continued

Inherent in the analysis of both wholesale and retail inventory valuation are subjective judgments about current market conditions, fashion trends, and overall economic conditions. Failure to make appropriate conclusions regarding these factors may result in an overstatement or understatement of inventory value.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

The Company periodically assesses the realizability of its long-lived assets, other than goodwill, and evaluates such assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Asset impairment is determined to exist if estimated future cash flows, undiscounted and without interest charges, are less than the carrying amount. Inherent in the analysis of impairment are subjective judgments about future cash flows. Failure to make appropriate conclusions regarding these judgments may result in an overstatement or understatement of the value of long-lived assets. See also Notes 3 and 5.

The goodwill impairment test involves performing a qualitative assessment, on a reporting unit level, based on current circumstances. If the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, a two-step impairment test will not be performed. However, if the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step impairment test is performed. Alternatively, the Company may elect to bypass the qualitative assessment and proceed directly to the two-step impairment test, on a reporting unit level. The first step is a comparison of the fair value and carrying value of the business unit with which the goodwill is associated. The Company estimates fair value using the best information available, and computes the fair value derived by an income approach utilizing discounted cash flow projections. The income approach uses a projection of a reporting unit’s estimated operating results and cash flows that is discounted using a weighted-average cost of capital that reflects current market conditions. A key assumption in the Company’s fair value estimate is the weighted average cost of capital utilized for discounting its cash flow projections in its income approach. The Company believes the rate it used in its latest annual test, which was completed in the fourth quarter, was consistent with the risks inherent in its business and with industry discount rates. The projection uses management’s best estimates of economic and market conditions over the projected period including growth rates in sales, costs, estimates of future expected changes in operating margins and cash expenditures.

Other significant estimates and assumptions include terminal value growth rates, future estimates of capital expenditures and changes in future working capital requirements.

If the carrying value of the reporting unit is higher than its fair value, there is an indication that impairment may exist and the second step must be performed to measure the amount of impairment loss. The amount of impairment is determined by comparing the implied fair value of reporting

unit goodwill to the carrying value of the goodwill in the same manner as if the reporting unit was being acquired in a business combination.

Note 1

Summary of Significant Accounting Policies, Continued

Specifically, the Company would allocate the fair value of the reporting unit to all of the assets and liabilities of the reporting unit, including any unrecognized intangible assets, in a hypothetical analysis that would calculate the implied fair value of goodwill. If the implied fair value of goodwill is less than the recorded goodwill, the Company would record an impairment charge for the difference.

Environmental and Other Contingencies

Environmental and Other Contingencies

The Company is subject to certain loss contingencies related to environmental proceedings and other legal matters. The Company has made pretax accruals for certain of these contingencies, including approximately $0.5 million in Fiscal 2014, $0.8 million in Fiscal 2013 and $1.8 million in Fiscal 2012. These charges are included in provision for discontinued operations, net in the Consolidated Statements of Operations because they relate to former facilities operated by the Company. The Company monitors these matters on an ongoing basis and, on a quarterly basis, management reviews the Company’s reserves and accruals, adjusting provisions as management deems necessary in view of changes in available information. Changes in estimates of liability are reported in the periods when they occur. Consequently, management believes that its reserve in relation to each proceeding is a best estimate of probable loss connected to the proceeding, or in cases in which no best estimate is possible, the minimum amount in the range of estimated losses, based upon its analysis of the facts and circumstances as of the close of the most recent fiscal quarter. However, because of uncertainties and risks inherent in litigation generally and in environmental proceedings in particular, there can be no assurance that future developments will not require additional reserves, that some or all reserves will be adequate or that the amounts of any such additional reserves or any such inadequacy will not have a material adverse effect upon the Company’s financial condition, cash flows, or results of operations.

Revenue Recognition

Revenue Recognition

Retail sales are recorded at the point of sale and are net of estimated returns and exclude sales and value added taxes. Catalog and internet sales are recorded at estimated time of delivery to the customer and are net of estimated returns and exclude sales and value added taxes. Wholesale revenue is recorded net of estimated returns and allowances for markdowns, damages and miscellaneous claims when the related goods have been shipped and legal title has passed to the customer. Shipping and handling costs charged to customers are included in net sales. Estimated returns are based on historical returns and claims. Actual amounts of markdowns have not differed materially from estimates. Actual returns and claims in any future period may differ from historical experience.

Income Taxes

Income Taxes

As part of the process of preparing the Consolidated Financial Statements, the Company is required to estimate its income taxes in each of the tax jurisdictions in which it operates. This process involves estimating actual current tax obligations together with assessing temporary differences resulting from differing treatment of certain items for tax and accounting purposes, such as depreciation of property and equipment and valuation of inventories. These temporary differences result in deferred tax assets and liabilities, which are included within the Consolidated Balance Sheets. The Company then assesses the likelihood that its deferred tax assets will be recovered from future taxable income or other sources. Actual results could differ from this assessment if adequate taxable income is not

Note 1

Summary of Significant Accounting Policies, Continued

generated in future periods. To the extent the Company believes that recovery of an asset is at risk, valuation allowances are established. To the extent valuation allowances are established or increased in a period, the Company includes an expense within the tax provision in the Consolidated Statements of Operations. These deferred tax valuation allowances may be released in future years when management considers that it is more likely than not that some portion or all of the deferred tax assets will be realized. In making such a determination, management will need to periodically evaluate whether or not all available evidence, such as future taxable income and reversal of temporary differences, tax planning strategies, and recent results of operations, provides sufficient positive evidence to offset any potential negative evidence that may exist at such time. In the event the deferred tax valuation allowance is released, the Company would record an income tax benefit for the portion or all of the deferred tax valuation allowance released. At February 1, 2014, the Company had a deferred tax valuation allowance of $3.8 million.

Income tax reserves for uncertain tax positions are determined using the methodology required by the Income Tax Topic of the Accounting Standards Codification ("Codification"). This methodology requires companies to assess each income tax position taken using a two step process. A determination is first made as to whether it is more likely than not that the position will be sustained, based upon the technical merits, upon examination by the taxing authorities. If the tax position is expected to meet the more likely than not criteria, the benefit recorded for the tax position equals the largest amount that is greater than 50% likely to be realized upon ultimate settlement of the respective tax position. Uncertain tax positions require determinations and estimated liabilities to be made based on provisions of the tax law which may be subject to change or varying interpretation. If the Company’s determinations and estimates prove to be inaccurate, the resulting adjustments could be material to its future financial results.

The Company recorded an effective income tax rate of 41.5% for Fiscal 2014 compared to 31.5% for Fiscal 2013 and 40.2% for Fiscal 2012. The tax rate for Fiscal 2013 was lower compared to Fiscal 2014 and Fiscal 2012 primarily due to the reversal of previously recorded charges related to uncertain tax positions due to the expiration of the applicable statutes of limitations and a settlement with a state tax authority more favorable than anticipated related to other uncertain tax positions.

Postretirement Benefits Plan Accounting

Postretirement Benefits Plan Accounting

Full-time employees who had at least 1,000 hours of service in calendar year 2004, except employees in the Lids Sports Group and Schuh Group segments, are covered by a defined benefit pension plan. The Company froze the defined benefit pension plan effective January 1, 2005. The Company also provides certain former employees with limited medical and life insurance benefits. The Company funds at least the minimum amount required by the Employee Retirement Income Security Act.

Note 1

Summary of Significant Accounting Policies, Continued

As required by the Compensation – Retirement Benefits Topic of the Codification, the Company is required to recognize the overfunded or underfunded status of postretirement benefit plans as an asset or liability, respectively, in their Consolidated Balance Sheets and to recognize changes in that funded status in accumulated other comprehensive loss, net of tax, in the year in which the changes occur.

The Company accounts for the defined benefit pension plans using the Compensation-Retirement Benefits Topic of the Codification. As permitted under this topic, pension expense is recognized on an accrual basis over employees’ approximate service periods. The calculation of pension expense

and the corresponding liability requires the use of a number of critical assumptions, including the expected long-term rate of return on plan assets and the assumed discount rate, as well as the recognition of actuarial gains and losses. Changes in these assumptions can result in different expense and liability amounts, and future actual experience can differ from these assumptions.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company had total available cash and cash equivalents of $59.4 million and $59.8 million as of February 1, 2014 and February 2, 2013, respectively. Included in cash and cash equivalents at February 1, 2014 and February 2, 2013 are cash equivalents of $0.0 million and $0.2 million, respectively. Cash equivalents are highly-liquid financial instruments having an original maturity of three months or less.

At February 1, 2014, substantially all of the Company’s domestic cash was invested in deposit accounts at FDIC-insured banks. The majority of payments due from banks for domestic customer credit card transactions process within 24 - 48 hours and are accordingly classified as cash and cash equivalents in the Consolidated Balance Sheets.

At February 1, 2014 and February 2, 2013, outstanding checks drawn on zero-balance accounts at certain domestic banks exceeded book cash balances at those banks by approximately $42.1 million and $36.1 million, respectively. These amounts are included in accounts payable in the Consolidated Balance Sheets.

Concentration of Credit Risk and Allowances on Accounts Receivable

Concentration of Credit Risk and Allowances on Accounts Receivable

The Company’s footwear wholesale businesses sell primarily to independent retailers and department stores across the United States. Receivables arising from these sales are not collateralized. Customer credit risk is affected by conditions or occurrences within the economy and the retail industry as well as by customer specific factors. The Company’s Lids Team Sports wholesale business sells primarily to colleges and high school athletic teams and their fan bases. Including both footwear wholesale and Lids Team Sports wholesale businesses, three customers each accounted for 5% of the Company’s total trade receivables balance, while no other customer accounted for more than 4% of the Company’s total trade receivables balance as of February 1, 2014.

The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information, as well as customer specific factors. The Company also establishes allowances for sales returns, customer deductions and co-op advertising based on specific circumstances, historical trends and projected probable outcomes.

Property and Equipment

Property and Equipment

Property and equipment are recorded at cost and depreciated or amortized over the estimated useful life of related assets. Depreciation and amortization expense are computed principally by the straight-line method over the following estimated useful lives:

Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Leases

Leases

Leasehold improvements and properties under capital leases are amortized on the straight-line method over the shorter of their useful lives or their related lease terms and the charge to earnings is included in selling and administrative expenses in the Consolidated Statements of Operations.

Certain leases include rent increases during the initial lease term. For these leases, the Company recognizes the related rental expense on a straight-line basis over the term of the lease (which

includes any rent holidays and the pre-opening period of construction, renovation, fixturing and merchandise placement) and records the difference between the amounts charged to operations and amounts paid as deferred rent.

The Company occasionally receives reimbursements from landlords to be used towards construction of the store the Company intends to lease. Leasehold improvements are recorded at their gross costs including items reimbursed by landlords. The reimbursements are amortized as a reduction of rent expense over the initial lease term.

Goodwill and Other Intangibles

Goodwill and Other Intangibles

Under the provisions of the Intangibles – Goodwill and Other Topic of the Codification, goodwill and intangible assets with indefinite lives are not amortized, but are tested at least annually, during the fourth quarter, for impairment. The Company will update the tests between annual tests if events or

circumstances occur that would more likely than not reduce the fair value of the business unit with which the goodwill is associated below its carrying amount. It is also required that intangible assets with finite lives be amortized over their respective lives to their estimated residual values, and reviewed for impairment in accordance with the Property, Plant and Equipment Topic of the Codification.

Intangible assets of the Company with indefinite lives are primarily goodwill and identifiable trademarks, net of amortization, acquired in connection with the acquisition of Schuh Group Ltd. in

June 2011 and Hat World Corporation in April 2004. The Consolidated Balance Sheets include goodwill of $182.4 million for the Lids Sports Group, $104.9 million for the Schuh Group and $0.8 million for Licensed Brands at February 1, 2014, and $172.3 million for the Lids Sports Group, $100.7 million for the Schuh Group and $0.8 million for Licensed Brands at February 2, 2013. The Company tests for impairment of intangible assets with an indefinite life, relying on a number of factors including operating results, business plans, projected future cash flows and observable market data. The impairment test for identifiable assets not subject to amortization consists of a comparison of the fair value of the

Note 1

Summary of Significant Accounting Policies, Continued

intangible asset with its carrying amount. The Company has not recorded an impairment charge for intangible assets.

In connection with acquisitions, the Company records goodwill on its Consolidated Financial Statements. This asset is not amortized but is subject to an impairment test at least annually, based on projected future cash flows from the acquired business discounted at a rate commensurate with the risk the Company considers to be inherent in its current business model. The Company performs the impairment test annually as of the close of its fiscal year, or more frequently if events or circumstances indicate that the value of the asset might be impaired.

As a result of the various acquisitions comprising the Lids Team Sports team dealer business, the Company carries goodwill at a value of $14.2 million on its Consolidated Balance Sheets related to such acquisitions. The Company found that the result of its annual impairment test, which valued the business at approximately $3.9 million in excess of its carrying value, indicated no impairment at that time. The Company may determine in future impairment tests that some or all of the carrying value of the goodwill may not be recoverable. Such a finding would require a write-off of the amount of the carrying value that is impaired, which would reduce the Company's profitability in the period of the impairment charge. Holding all other assumptions constant as of the measurement date, the Company noted that an increase in the weighted average cost of capital of 100 basis points would reduce the fair value of the Lids Team Sports business by $5.9 million. Furthermore, the Company noted that a decrease in projected annual revenue by one percent would reduce the fair value of the Lids Team Sports business by $0.4 million. However, if other assumptions do not remain constant, the fair value of the Lids Team Sports business may decrease by a greater amount.

Identifiable intangible assets of the Company with finite lives are trademarks, customer lists, in-place leases, non-compete agreements and a vendor contract. They are subject to amortization based upon

their estimated useful lives. Finite-lived intangible assets are evaluated for impairment using a process similar to that used to evaluate other definite-lived long-lived assets, a comparison of the fair value of the intangible asset with its carrying amount. An impairment loss is recognized for the amount

by which the carrying value exceeds the fair value of the asset.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at February 1, 2014 and February 2, 2013 are:

In thousands	February 1, 2014				February 2, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	—	$	—	$	27,700	$	27,742
UK Term Loans	33,730		33,840		22,982		22,982

Note 1

Summary of Significant Accounting Policies, Continued

Debt fair values were determined using a discounted cash flow analysis based on current market interest rates for similar types of financial instruments and would be classified in Level 2 as defined in Note 5.

Carrying amounts reported on the Consolidated Balance Sheets for cash, cash equivalents, receivables and accounts payable approximate fair value due to the short-term maturity of these instruments.

Cost of Sales

Cost of Sales

For the Company’s retail operations, the cost of sales includes actual product cost, the cost of transportation to the Company’s warehouses from suppliers and the cost of transportation from the Company’s warehouses to the stores. Additionally, the cost of its distribution facilities allocated to its retail operations is included in cost of sales.

For the Company’s wholesale operations, the cost of sales includes the actual product cost and the cost of transportation to the Company’s warehouses from suppliers.

Selling and Administrative Expenses

Selling and Administrative Expenses

Selling and administrative expenses include all operating costs of the Company excluding (i) those related to the transportation of products from the supplier to the warehouse, (ii) for its retail operations, those related to the transportation of products from the warehouse to the store and (iii) costs of its distribution facilities which are allocated to its retail operations. Wholesale and unallocated retail costs of distribution are included in selling and administrative expenses in the amounts of $8.7 million, $8.2 million and $9.2 million for Fiscal 2014, 2013 and 2012, respectively.

Gift Cards

Gift Cards

The Company has a gift card program that began in calendar 1999 for its Lids Sports operations and calendar 2000 for its footwear operations. The gift cards issued to date do not expire. As such, the Company recognizes income when: (i) the gift card is redeemed by the customer; or (ii) the likelihood of the gift card being redeemed by the customer for the purchase of goods in the future is remote and there are no related escheat laws (referred to as “breakage”). The gift card breakage rate is based

upon historical redemption patterns and income is recognized for unredeemed gift cards in proportion to those historical redemption patterns.

Gift card breakage is recognized in revenues each period. Gift card breakage recognized as revenue was $0.8 million, $0.7 million and $0.6 million for Fiscal 2014, 2013 and 2012, respectively. The Consolidated Balance Sheets include an accrued liability for gift cards of $14.4 million and $13.1 million at February 1, 2014 and February 2, 2013, respectively.

Buying, Merchandising and Occupancy Costs

Buying, Merchandising and Occupancy Costs

The Company records buying, merchandising and occupancy costs in selling and administrative expense. Because the Company does not include these costs in cost of sales, the Company’s gross margin may not be comparable to other retailers that include these costs in the calculation of gross margin. Retail occupancy costs recorded in selling and administrative expense were $381.6 million, $359.3 million and $314.6 million for Fiscal 2014, 2013 and 2012, respectively.

Shipping and Handling Costs

Shipping and Handling Costs

Shipping and handling costs related to inventory purchased from suppliers are included in the cost of inventory and are charged to cost of sales in the period that the inventory is sold. All other shipping and handling costs are charged to cost of sales in the period incurred except for wholesale and unallocated retail costs of distribution, which are included in selling and administrative expenses on the Consolidated Statements of Operations.

Preopening Costs

Preopening Costs

Costs associated with the opening of new stores are expensed as incurred, and are included in selling and administrative expenses on the Consolidated Statements of Operations.

Store Closings and Exit Costs

Store Closings and Exit Costs

From time to time, the Company makes strategic decisions to close stores or exit locations or activities. If stores or operating activities to be closed or exited constitute components, as defined by the Property, Plant and Equipment Topic of the Codification, and will not result in a migration of customers and cash flows, these closures will be considered discontinued operations when the related assets meet the criteria to be classified as held for sale, or at the cease-use date, whichever occurs first. The results of operations of discontinued operations are presented retroactively, net of tax, as a separate component on the Consolidated Statements of Operations, if material individually or cumulatively. In each of the years presented, no store closings meeting the discontinued operations criteria have been material individually or cumulatively.

Assets related to planned store closures or other exit activities are reflected as assets held for sale and recorded at the lower of carrying value or fair value less costs to sell when the required criteria, as

defined by the Property, Plant and Equipment Topic of the Codification, are satisfied. Depreciation ceases on the date that the held for sale criteria are met.

Assets related to planned store closures or other exit activities that do not meet the criteria to be classified as held for sale are evaluated for impairment in accordance with the Company’s normal impairment policy, but with consideration given to revised estimates of future cash flows. In any event, the remaining depreciable useful lives are evaluated and adjusted as necessary.

Exit costs related to anticipated lease termination costs, severance benefits and other expected charges are accrued for and recognized in accordance with the Exit or Disposal Cost Obligations Topic of the Codification.

Advertising Costs

Advertising Costs

Advertising costs are predominantly expensed as incurred. Advertising costs were $56.9 million, $48.3 million and $42.5 million for Fiscal 2014, 2013 and 2012, respectively. Direct response advertising costs for catalogs are capitalized in accordance with the Other Assets and Deferred Costs Topic for Capitalized Advertising Costs of the Codification. Such costs are amortized over the estimated future period as revenues are realized from such advertising, not to exceed six months.

Note 1

Summary of Significant Accounting Policies, Continued

The Consolidated Balance Sheets include prepaid assets for direct response advertising costs of $2.3 million and $1.4 million at February 1, 2014 and February 2, 2013.

Consideration to Resellers

Consideration to Resellers

In its wholesale businesses, the Company does not have any written buy-down programs with retailers, but the Company has provided certain retailers with markdown allowances for obsolete and slow moving products that are in the retailer’s inventory. The Company estimates these allowances and provides for them as reductions to revenues at the time revenues are recorded. Markdowns are negotiated with retailers and changes are made to the estimates as agreements are reached. Actual amounts for markdowns have not differed materially from estimates.

Cooperative Advertising

Cooperative Advertising

Cooperative advertising funds are made available to most of the Company’s wholesale footwear customers. In order for retailers to receive reimbursement under such programs, the retailer must meet specified advertising guidelines and provide appropriate documentation of expenses to be reimbursed. The Company’s cooperative advertising agreements require that wholesale customers present documentation or other evidence of specific advertisements or display materials used for the Company’s products by submitting the actual print advertisements presented in catalogs, newspaper inserts or other advertising circulars, or by permitting physical inspection of displays. Additionally, the Company’s cooperative advertising agreements require that the amount of reimbursement requested for such advertising or materials be supported by invoices or other evidence of the actual costs incurred by the retailer. The Company accounts for these cooperative advertising costs as selling and administrative

expenses, in accordance with the Revenue Recognition Topic for Customer Payments and Incentives of the Codification.

Cooperative advertising costs recognized in selling and administrative expenses were $3.2 million, $3.5 million and $3.3 million for Fiscal 2014, 2013 and 2012, respectively. During Fiscal 2014, 2013 and 2012, the Company’s cooperative advertising reimbursements paid did not exceed the fair value of the benefits received under those agreements.

Vendor Allowances

Vendor Allowances

From time to time, the Company negotiates allowances from its vendors for markdowns taken or expected to be taken. These markdowns are typically negotiated on specific merchandise and for specific amounts. These specific allowances are recognized as a reduction in cost of sales in the

period in which the markdowns are taken. Markdown allowances not attached to specific inventory on hand or already sold are applied to concurrent or future purchases from each respective vendor.

The Company receives support from some of its vendors in the form of reimbursements for cooperative advertising and catalog costs for the launch and promotion of certain products. The reimbursements are agreed upon with vendors and represent specific, incremental, identifiable costs incurred by the Company in selling the vendor’s specific products. Such costs and the related reimbursements are accumulated and monitored on an individual vendor basis, pursuant to the respective cooperative advertising agreements with vendors. Such cooperative advertising reimbursements are recorded as a reduction of selling and administrative expenses in the same period in which the associated expense is

Note 1

Summary of Significant Accounting Policies, Continued

incurred. If the amount of cash consideration received exceeds the costs being reimbursed, such excess amount would be recorded as a reduction of cost of sales.

Vendor reimbursements of cooperative advertising costs recognized as a reduction of selling and administrative expenses were $2.8 million, $3.8 million and $3.0 million for Fiscal 2014, 2013 and 2012, respectively. During Fiscal 2014, 2013 and 2012, the Company’s cooperative advertising reimbursements received were not in excess of the costs incurred.

Environmental Costs

Environmental Costs

Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to an existing condition caused by past operations, and which do not contribute to current or future revenue generation, are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable and the costs can be reasonably estimated and are evaluated independently of any future claims for recovery. Generally, the timing of these accruals coincides with completion of a feasibility study or the Company's commitment to a formal plan of action. Costs of future expenditures for environmental remediation obligations are not discounted to their present value.

Earnings Per Common Share

Earnings Per Common Share

Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted

earnings per share reflects the potential dilution that could occur if securities to issue common stock were exercised or converted to common stock (see Note 11).

Share-Based Compensation

Share-Based Compensation

The Company has share-based compensation covering certain members of management and non-employee directors. The Company recognizes compensation expense for share-based payments based on the fair value of the awards as required by the Compensation - Stock Compensation Topic of the Codification. The Company has not granted any stock options since the first quarter of Fiscal 2008. The fair value of employee restricted stock is determined based on the closing price of the Company's stock on the date of grant. The benefits of tax deductions in excess or recognized compensation expense are reported as a financing cash flow (see Note 12).

Other Comprehensive Income

Other Comprehensive Income

The Comprehensive Income Topic of the Codification requires, among other things, the Company’s pension liability adjustment, postretirement liability adjustment, unrealized gains or losses on foreign currency forward contracts and foreign currency translation adjustments to be included in other comprehensive income net of tax. Accumulated other comprehensive loss at February 1, 2014 consisted

of $16.5 million of cumulative pension liability adjustment, net of tax, a cumulative post retirement liability adjustment of $0.9 million, net of tax, offset by a cumulative foreign currency translation adjustment of $0.6 million.

Note 1

Summary of Significant Accounting Policies, Continued

The following table summarizes the components of accumulated other comprehensive loss for the year ended February 1, 2014:

	Foreign Currency Translation			Unrecognized Pension/Postretirement Benefit Costs			Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance February 2, 2013	$	(1,931	)	$	(26,310	)	$	(28,241	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	2,506			—			2,506
Net actuarial gain	—			8,581			8,581
Amounts reclassified from AOCI:
Amortization of net actuarial loss (1)	—			6,257			6,257
Amortization reclassified from AOCI, before tax	—			6,257			6,257
Income tax expense	—			5,870			5,870
Current period other comprehensive income, net of tax	2,506			8,968			11,474
Balance February 1, 2014	$	575		$	(17,342	)	$	(16,767	)

(1) Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Consolidated Statements of Operations.

Business Segments

Business Segments

The Segment Reporting Topic of the Codification requires that companies disclose “operating segments” based on the way management disaggregates the Company’s operations for making internal operating decisions (see Note 14).

New Accounting Principles

New Accounting Principles

In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“AOCI”), which sets forth additional disclosure requirements for items reclassified out of AOCI and into net income, and is effective for annual and interim reporting periods beginning after December 15, 2012. The Company adopted ASU No. 2013-02 in the first quarter of Fiscal 2014 by presenting amounts reclassified out of AOCI as a separate disclosure

in Note 1 to the Consolidated Financial Statements. Amounts reclassified out of AOCI were related to amortization of net actuarial loss associated with the Company's pension and postretirement plans.

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Asset Impairments and Other Charges and Discontinued Operations (Details ) (USD $)	12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013	Jan. 28, 2012
Accrued Provision for Discontinued Operations
Additional provision	$ (543,000)		$ (796,000)	$ (1,692,000)
Current provision for discontinued operations	7,263,000		7,192,000
Total Noncurrent Provision for Discontinued Operations	4,112,000		4,159,000
Facility Shutdown Costs [Member]
Accrued Provision for Discontinued Operations
Balance at beginning of period	11,351,000		12,517,000	15,035,000
Additional provision	543,000		796,000	1,692,000
Charges and adjustments, net	(519,000)		(1,962,000)	(4,210,000)
Balance at end of period	11,375,000	[1]	11,351,000	12,517,000
Current provision for discontinued operations	7,263,000
Total Noncurrent Provision for Discontinued Operations	4,112,000
Environmental provision for discontinued operations	11,900,000
Current environmental provision for discontinued operations	$ 7,800,000

[1] Includes a $11.9 million environmental provision, including $7.8 million in current provision for discontinued operations.

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Summary of Significant Accounting Policies - Property and Equipment (Details)	12 Months Ended
	Feb. 01, 2014
Buildings and building equipment [Member] | Minimum [Member]
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	20 years
Buildings and building equipment [Member] | Maximum [Member]
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	45 years
Computer hardware, software and equipment [Member] | Minimum [Member]
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	3 years
Computer hardware, software and equipment [Member] | Maximum [Member]
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	10 years
Furniture and fixtures [Member]
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	10 years

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Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 5) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net loss (gain)	$ (9,571)
Amortization of prior service cost	0
Amortization of net actuarial loss	(6,160)
Total Recognized in Other Comprehensive Income	(15,731)
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	(11,291)
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Net loss (gain)	990
Amortization of prior service cost	0
Amortization of net actuarial loss	(97)
Total Recognized in Other Comprehensive Income	893
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$ 1,577

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Share-Based Compensation Plans (Tables)

12 Months Ended

Feb. 01, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of stock option activity

A summary of fixed stock option activity and changes for Fiscal 2014, 2013 and 2012 is presented below:

	Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)(1)
Outstanding, January 29, 2011	877,130		$	24.75
Granted	—		—
Exercised	(390,357	)	24.82
Forfeited	—		—
Outstanding, January 28, 2012	486,773		$	24.70
Granted	—		—
Exercised	(223,618	)	21.50
Forfeited	—		—
Outstanding, February 2, 2013	263,155		$	27.43
Granted	—		—
Exercised	(130,051	)	23.33
Forfeited	(2,250	)	17.50
Outstanding, February 1, 2014	130,854		$	31.67	1.58	$	5,045
Exercisable, February 1, 2014	130,854		$	31.67	1.58	$	5,045

(1) Based upon the difference between the closing market price of the Company’s common stock on the last trading day of the year and the grant price of in-the-money options.

Summary of the status of the Company's nonvested shares of its employee restricted stock

A summary of the status of the Company’s nonvested shares of its employee restricted stock as of February 1, 2014 is presented below:

Nonvested Restricted Shares	Shares		Weighted-Average Grant-Date Fair Value
Nonvested at January 29, 2011	818,119		$	23.95
Granted	289,407		45.14
Vested	(227,691	)	22.58
Withheld for federal taxes	(93,089	)	22.42
Forfeited	(14,081	)	27.38
Nonvested at January 28, 2012	772,665		32.41
Granted	194,232		57.58
Vested	(195,203	)	29.95
Withheld for federal taxes	(75,552	)	29.97
Forfeited	(3,360	)	38.96
Nonvested at February 2, 2013	692,782		40.59
Granted	199,392		65.11
Vested	(199,428	)	34.31
Withheld for federal taxes	(105,193	)	34.42
Forfeited	(6,279	)	46.48
Nonvested at February 1, 2014	581,274		$	52.21

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Inventories (Details) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Inventories
Raw materials	$ 26,115	$ 24,223
Wholesale finished goods	64,357	57,161
Retail merchandise	476,789	423,960
Total Inventories	$ 567,261	$ 505,344

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Income Taxes (Details 4)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Reconciliation of the United States federal statutory rate to the Company's effective tax rate from continuing operations
U. S. federal statutory rate of tax	35.00%	35.00%	35.00%
State taxes (net of federal tax benefit)	4.62%	3.11%	3.62%
Foreign rate differential	(1.24%)	(1.98%)	(1.71%)
Change in valuation allowance	0.05%	(0.17%)	0.60%
Permanent items	2.18%	1.85%	2.27%
Uncertain federal, state and foreign tax positions	0.21%	(5.73%)	0.00%
Other	0.65%	(0.57%)	0.47%
Effective Tax Rate	41.47%	31.51%	40.25%

XML

Equity (Details 2)	12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013		Jan. 28, 2012
Changes in shares of company's capital stock
Issued, beginning balance	24,484,915
Exercise of options	130,051		223,618		390,357
Shares repurchased	(337,665)		(645,904)		0
Issued, ending balance	24,407,724		24,484,915
Less shares repurchased and held in treasury	488,464		488,464
Outstanding	23,919,260		23,996,451
Common Stock [Member]
Changes in shares of company's capital stock
Issued, beginning balance	24,484,915		24,757,826		24,162,634
Exercise of options	130,051		223,618		390,357
Issue restricted stock	213,827		204,456		304,050
Issue shares - Employee Stock Purchase Plan	3,146		2,463		2,717
Shares repurchased	(337,665)		(645,904)		0
Other	(86,550)		(57,544)		(101,932)
Issued, ending balance	24,407,724		24,484,915		24,757,826
Less shares repurchased and held in treasury	488,464
Outstanding	23,919,260
Non-Redeemable Preferred Stock [Member]
Changes in shares of company's capital stock
Preferred stock, beginning balance	56,915		75,475		79,306
Exercise of options	0		0		0
Issue restricted stock	0		0		0
Issue shares - Employee Stock Purchase Plan	0		0		0
Shares repurchased	0		0		0
Other	(56,915)		(18,560)		(3,831)
Preferred stock, ending balance	0		56,915		75,475
Less shares repurchased and held in treasury	0
Preferred stock, outstanding	0	[1]	56,915	[1]	75,475	[1]
Employees' Preferred Stock [Member]
Changes in shares of company's capital stock
Preferred stock, beginning balance	46,852		47,922		49,192
Exercise of options	0		0		0
Issue restricted stock	0		0		0
Issue shares - Employee Stock Purchase Plan	0		0		0
Shares repurchased	0		0		0
Other	(783)		(1,070)		(1,270)
Preferred stock, ending balance	46,069		46,852		47,922
Less shares repurchased and held in treasury	0
Preferred stock, outstanding	46,069

[1] In order of preference for liquidation and dividends.

XML

Acquisitions and Intangible Assets (Details 1) (Schuh Group [Member], USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Jan. 28, 2012
Schuh Group [Member]
Summary of results of earnings from operations
Net sales	$ 2,384,267
Earnings from continuing operations	$ 96,845
Earnings per share:
Basic (USD per share)	$ 4.03
Diluted (USD per share)	$ 3.97

XML

Summary of Significant Accounting Policies

12 Months Ended

Feb. 01, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Nature of Operations

The Company's business includes the design and sourcing, marketing and distribution of footwear and accessories through retail stores in the U.S., Puerto Rico and Canada primarily under the Journeys, Journeys Kidz, Shi by Journeys, Underground by Journeys and Johnston & Murphy banners and under the Schuh banner in the United Kingdom and the Republic of Ireland; through e-commerce websites including journeys.com, journeyskidz.com, shibyjourneys.com, schuh.co.uk, johnstonmurphy.com and trask.com and catalogs, and at wholesale, primarily under the Company's Johnston & Murphy brand, the recently relaunched Trask brand, the licensed Dockers brand and other brands that the Company licenses for footwear, and the Company's SureGrip^® line of slip-resistant, occupational footwear. The Company's business also includes Lids Sports Group, which operates headwear and accessory stores in the U.S. and Canada primarily under the Lids, Hat World and Hat Shack banners; the Lids Locker Room and Lids Clubhouse businesses, consisting of sports-oriented fan shops featuring a broad array of licensed merchandise such as apparel, hats and accessories, sports decor and novelty products, operating under various trade names; licensed team merchandise departments in Macy's department stores operated under the name of Locker Room by Lidsand onmacys.com, under a license agreement with Macy's;certain e-commerce operations including lids.com, lids.ca, lidslockerroom.com and lidsclubhouse.com; and an athletic team dealer business operating as Lids Team Sports. Including both the footwear businesses and the Lids Sports Group business, at February 1, 2014, the Company operated 2,568 retail stores in the U.S., Puerto Rico, Canada, the United Kingdom and the Republic of Ireland.

During Fiscal 2014, the Company operated five reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys retail footwear chains, catalog and e-commerce operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Lids Sports Group, comprised as described in the preceding paragraph; (iv) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, catalog and e-commerce operations and wholesale distribution of products under the Johnston & Murphy and Trask brands; and (v) Licensed Brands, comprised of Dockers^® Footwear, sourced and marketed under a license from Levi Strauss & Company; SureGrip^®Footwear, occupational footwear primarily sold directly to consumers; and other brands.

Principles of Consolidation

All subsidiaries are consolidated in the consolidated financial statements. All significant intercompany transactions and accounts have been eliminated.

Fiscal Year

The Company’s fiscal year ends on the Saturday closest to January 31. As a result, Fiscal 2014 was a 52-week year with 364 days, Fiscal 2013 was a 53-week year with 371 days and Fiscal 2012 was a 52-week year with 364 days. Fiscal 2014 ended on February 1, 2014, Fiscal 2013 ended on February 2, 2013 and Fiscal 2012 ended on January 28, 2012.

Note 1

Summary of Significant Accounting Policies, Continued

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Significant areas requiring management estimates or judgments include the following key financial areas:

Inventory Valuation

The Company values its inventories at the lower of cost or market.

In its footwear wholesale operations, its Schuh Group segment and its Lids Sports Group wholesale operations, except for the Anaconda Sports wholesale division, cost is determined using the FIFO method. Market value is determined using a system of analysis which evaluates inventory at the stock number level based on factors such as inventory turn, average selling price, inventory level, and selling prices reflected in future orders. The Company provides reserves when the inventory has not been marked down to market value based on current selling prices or when the inventory is not turning and is not expected to turn at levels satisfactory to the Company.

The Lids Sports Group retail segment and its Anaconda Sports wholesale division employ the moving average cost method for valuing inventories and apply freight using an allocation method. The Company provides a valuation allowance for slow-moving inventory based on negative margins and estimated shrink based on historical experience and specific analysis, where appropriate.

In its retail operations, other than the Schuh Group and Lids Sports Group retail segments, the Company employs the retail inventory method, applying average cost-to-retail ratios to the retail value of inventories. Under the retail inventory method, valuing inventory at the lower of cost or market is achieved as markdowns are taken or accrued as a reduction of the retail value of inventories.

Inherent in the retail inventory method are subjective judgments and estimates, including merchandise mark-on, markups, markdowns, and shrinkage. These judgments and estimates, coupled with the

fact that the retail inventory method is an averaging process, could produce a range of cost figures. To reduce the risk of inaccuracy and to ensure consistent presentation, the Company employs the retail inventory method in multiple subclasses of inventory with similar gross margins, and analyzes markdown requirements at the stock number level based on factors such as inventory turn, average selling price, and inventory age. In addition, the Company accrues markdowns as necessary. These additional markdown accruals reflect all of the above factors as well as current agreements to return

products to vendors and vendor agreements to provide markdown support. In addition to markdown provisions, the Company maintains provisions for shrinkage and damaged goods based on historical rates.

Note 1

Summary of Significant Accounting Policies, Continued

Inherent in the analysis of both wholesale and retail inventory valuation are subjective judgments about current market conditions, fashion trends, and overall economic conditions. Failure to make appropriate conclusions regarding these factors may result in an overstatement or understatement of inventory value.

Impairment of Long-Lived Assets

The Company periodically assesses the realizability of its long-lived assets, other than goodwill, and evaluates such assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Asset impairment is determined to exist if estimated future cash flows, undiscounted and without interest charges, are less than the carrying amount. Inherent in the analysis of impairment are subjective judgments about future cash flows. Failure to make appropriate conclusions regarding these judgments may result in an overstatement or understatement of the value of long-lived assets. See also Notes 3 and 5.

The goodwill impairment test involves performing a qualitative assessment, on a reporting unit level, based on current circumstances. If the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, a two-step impairment test will not be performed. However, if the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step impairment test is performed. Alternatively, the Company may elect to bypass the qualitative assessment and proceed directly to the two-step impairment test, on a reporting unit level. The first step is a comparison of the fair value and carrying value of the business unit with which the goodwill is associated. The Company estimates fair value using the best information available, and computes the fair value derived by an income approach utilizing discounted cash flow projections. The income approach uses a projection of a reporting unit’s estimated operating results and cash flows that is discounted using a weighted-average cost of capital that reflects current market conditions. A key assumption in the Company’s fair value estimate is the weighted average cost of capital utilized for discounting its cash flow projections in its income approach. The Company believes the rate it used in its latest annual test, which was completed in the fourth quarter, was consistent with the risks inherent in its business and with industry discount rates. The projection uses management’s best estimates of economic and market conditions over the projected period including growth rates in sales, costs, estimates of future expected changes in operating margins and cash expenditures.

Other significant estimates and assumptions include terminal value growth rates, future estimates of capital expenditures and changes in future working capital requirements.

If the carrying value of the reporting unit is higher than its fair value, there is an indication that impairment may exist and the second step must be performed to measure the amount of impairment loss. The amount of impairment is determined by comparing the implied fair value of reporting

unit goodwill to the carrying value of the goodwill in the same manner as if the reporting unit was being acquired in a business combination.

Note 1

Summary of Significant Accounting Policies, Continued

Specifically, the Company would allocate the fair value of the reporting unit to all of the assets and liabilities of the reporting unit, including any unrecognized intangible assets, in a hypothetical analysis that would calculate the implied fair value of goodwill. If the implied fair value of goodwill is less than the recorded goodwill, the Company would record an impairment charge for the difference.

Environmental and Other Contingencies

The Company is subject to certain loss contingencies related to environmental proceedings and other legal matters. The Company has made pretax accruals for certain of these contingencies, including approximately $0.5 million in Fiscal 2014, $0.8 million in Fiscal 2013 and $1.8 million in Fiscal 2012. These charges are included in provision for discontinued operations, net in the Consolidated Statements of Operations because they relate to former facilities operated by the Company. The Company monitors these matters on an ongoing basis and, on a quarterly basis, management reviews the Company’s reserves and accruals, adjusting provisions as management deems necessary in view of changes in available information. Changes in estimates of liability are reported in the periods when they occur. Consequently, management believes that its reserve in relation to each proceeding is a best estimate of probable loss connected to the proceeding, or in cases in which no best estimate is possible, the minimum amount in the range of estimated losses, based upon its analysis of the facts and circumstances as of the close of the most recent fiscal quarter. However, because of uncertainties and risks inherent in litigation generally and in environmental proceedings in particular, there can be no assurance that future developments will not require additional reserves, that some or all reserves will be adequate or that the amounts of any such additional reserves or any such inadequacy will not have a material adverse effect upon the Company’s financial condition, cash flows, or results of operations. See also Notes 3 and 13.

Revenue Recognition

Retail sales are recorded at the point of sale and are net of estimated returns and exclude sales and value added taxes. Catalog and internet sales are recorded at estimated time of delivery to the customer and are net of estimated returns and exclude sales and value added taxes. Wholesale revenue is recorded net of estimated returns and allowances for markdowns, damages and miscellaneous claims when the related goods have been shipped and legal title has passed to the customer. Shipping and handling costs charged to customers are included in net sales. Estimated returns are based on historical returns and claims. Actual amounts of markdowns have not differed materially from estimates. Actual returns and claims in any future period may differ from historical experience.

Income Taxes

As part of the process of preparing the Consolidated Financial Statements, the Company is required to estimate its income taxes in each of the tax jurisdictions in which it operates. This process involves estimating actual current tax obligations together with assessing temporary differences resulting from differing treatment of certain items for tax and accounting purposes, such as depreciation of property and equipment and valuation of inventories. These temporary differences result in deferred tax assets and liabilities, which are included within the Consolidated Balance Sheets. The Company then assesses the likelihood that its deferred tax assets will be recovered from future taxable income or other sources. Actual results could differ from this assessment if adequate taxable income is not

Note 1

Summary of Significant Accounting Policies, Continued

generated in future periods. To the extent the Company believes that recovery of an asset is at risk, valuation allowances are established. To the extent valuation allowances are established or increased in a period, the Company includes an expense within the tax provision in the Consolidated Statements of Operations. These deferred tax valuation allowances may be released in future years when management considers that it is more likely than not that some portion or all of the deferred tax assets will be realized. In making such a determination, management will need to periodically evaluate whether or not all available evidence, such as future taxable income and reversal of temporary differences, tax planning strategies, and recent results of operations, provides sufficient positive evidence to offset any potential negative evidence that may exist at such time. In the event the deferred tax valuation allowance is released, the Company would record an income tax benefit for the portion or all of the deferred tax valuation allowance released. At February 1, 2014, the Company had a deferred tax valuation allowance of $3.8 million.

Income tax reserves for uncertain tax positions are determined using the methodology required by the Income Tax Topic of the Accounting Standards Codification ("Codification"). This methodology requires companies to assess each income tax position taken using a two step process. A determination is first made as to whether it is more likely than not that the position will be sustained, based upon the technical merits, upon examination by the taxing authorities. If the tax position is expected to meet the more likely than not criteria, the benefit recorded for the tax position equals the largest amount that is greater than 50% likely to be realized upon ultimate settlement of the respective tax position. Uncertain tax positions require determinations and estimated liabilities to be made based on provisions of the tax law which may be subject to change or varying interpretation. If the Company’s determinations and estimates prove to be inaccurate, the resulting adjustments could be material to its future financial results.

The Company recorded an effective income tax rate of 41.5% for Fiscal 2014 compared to 31.5% for Fiscal 2013 and 40.2% for Fiscal 2012. The tax rate for Fiscal 2013 was lower compared to Fiscal 2014 and Fiscal 2012 primarily due to the reversal of previously recorded charges related to uncertain tax positions due to the expiration of the applicable statutes of limitations and a settlement with a state tax authority more favorable than anticipated related to other uncertain tax positions.

Postretirement Benefits Plan Accounting

Full-time employees who had at least 1,000 hours of service in calendar year 2004, except employees in the Lids Sports Group and Schuh Group segments, are covered by a defined benefit pension plan. The Company froze the defined benefit pension plan effective January 1, 2005. The Company also provides certain former employees with limited medical and life insurance benefits. The Company funds at least the minimum amount required by the Employee Retirement Income Security Act.

Note 1

Summary of Significant Accounting Policies, Continued

As required by the Compensation – Retirement Benefits Topic of the Codification, the Company is required to recognize the overfunded or underfunded status of postretirement benefit plans as an asset or liability, respectively, in their Consolidated Balance Sheets and to recognize changes in that funded status in accumulated other comprehensive loss, net of tax, in the year in which the changes occur.

The Company accounts for the defined benefit pension plans using the Compensation-Retirement Benefits Topic of the Codification. As permitted under this topic, pension expense is recognized on an accrual basis over employees’ approximate service periods. The calculation of pension expense

and the corresponding liability requires the use of a number of critical assumptions, including the expected long-term rate of return on plan assets and the assumed discount rate, as well as the recognition of actuarial gains and losses. Changes in these assumptions can result in different expense and liability amounts, and future actual experience can differ from these assumptions.

Cash and Cash Equivalents

The Company had total available cash and cash equivalents of $59.4 million and $59.8 million as of February 1, 2014 and February 2, 2013, respectively. Included in cash and cash equivalents at February 1, 2014 and February 2, 2013 are cash equivalents of $0.0 million and $0.2 million, respectively. Cash equivalents are highly-liquid financial instruments having an original maturity of three months or less.

At February 1, 2014, substantially all of the Company’s domestic cash was invested in deposit accounts at FDIC-insured banks. The majority of payments due from banks for domestic customer credit card transactions process within 24 - 48 hours and are accordingly classified as cash and cash equivalents in the Consolidated Balance Sheets.

At February 1, 2014 and February 2, 2013, outstanding checks drawn on zero-balance accounts at certain domestic banks exceeded book cash balances at those banks by approximately $42.1 million and $36.1 million, respectively. These amounts are included in accounts payable in the Consolidated Balance Sheets.

Concentration of Credit Risk and Allowances on Accounts Receivable

The Company’s footwear wholesale businesses sell primarily to independent retailers and department stores across the United States. Receivables arising from these sales are not collateralized. Customer credit risk is affected by conditions or occurrences within the economy and the retail industry as well as by customer specific factors. The Company’s Lids Team Sports wholesale business sells primarily to colleges and high school athletic teams and their fan bases. Including both footwear wholesale and Lids Team Sports wholesale businesses, three customers each accounted for 5% of the Company’s total trade receivables balance, while no other customer accounted for more than 4% of the Company’s total trade receivables balance as of February 1, 2014.

The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information, as well as customer specific factors. The Company also establishes allowances for sales returns, customer deductions and co-op advertising based on specific circumstances, historical trends and projected probable outcomes.

Note 1

Summary of Significant Accounting Policies, Continued

Property and Equipment

Property and equipment are recorded at cost and depreciated or amortized over the estimated useful life of related assets. Depreciation and amortization expense are computed principally by the straight-line method over the following estimated useful lives:

Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Leases

Leasehold improvements and properties under capital leases are amortized on the straight-line method over the shorter of their useful lives or their related lease terms and the charge to earnings is included in selling and administrative expenses in the Consolidated Statements of Operations.

Certain leases include rent increases during the initial lease term. For these leases, the Company recognizes the related rental expense on a straight-line basis over the term of the lease (which

includes any rent holidays and the pre-opening period of construction, renovation, fixturing and merchandise placement) and records the difference between the amounts charged to operations and amounts paid as deferred rent.

The Company occasionally receives reimbursements from landlords to be used towards construction of the store the Company intends to lease. Leasehold improvements are recorded at their gross costs including items reimbursed by landlords. The reimbursements are amortized as a reduction of rent expense over the initial lease term.

Goodwill and Other Intangibles

Under the provisions of the Intangibles – Goodwill and Other Topic of the Codification, goodwill and intangible assets with indefinite lives are not amortized, but are tested at least annually, during the fourth quarter, for impairment. The Company will update the tests between annual tests if events or

circumstances occur that would more likely than not reduce the fair value of the business unit with which the goodwill is associated below its carrying amount. It is also required that intangible assets with finite lives be amortized over their respective lives to their estimated residual values, and reviewed for impairment in accordance with the Property, Plant and Equipment Topic of the Codification.

Intangible assets of the Company with indefinite lives are primarily goodwill and identifiable trademarks, net of amortization, acquired in connection with the acquisition of Schuh Group Ltd. in

June 2011 and Hat World Corporation in April 2004. The Consolidated Balance Sheets include goodwill of $182.4 million for the Lids Sports Group, $104.9 million for the Schuh Group and $0.8 million for Licensed Brands at February 1, 2014, and $172.3 million for the Lids Sports Group, $100.7 million for the Schuh Group and $0.8 million for Licensed Brands at February 2, 2013. The Company tests for impairment of intangible assets with an indefinite life, relying on a number of factors including operating results, business plans, projected future cash flows and observable market data. The impairment test for identifiable assets not subject to amortization consists of a comparison of the fair value of the

Note 1

Summary of Significant Accounting Policies, Continued

intangible asset with its carrying amount. The Company has not recorded an impairment charge for intangible assets.

In connection with acquisitions, the Company records goodwill on its Consolidated Financial Statements. This asset is not amortized but is subject to an impairment test at least annually, based on projected future cash flows from the acquired business discounted at a rate commensurate with the risk the Company considers to be inherent in its current business model. The Company performs the impairment test annually as of the close of its fiscal year, or more frequently if events or circumstances indicate that the value of the asset might be impaired.

As a result of the various acquisitions comprising the Lids Team Sports team dealer business, the Company carries goodwill at a value of $14.2 million on its Consolidated Balance Sheets related to such acquisitions. The Company found that the result of its annual impairment test, which valued the business at approximately $3.9 million in excess of its carrying value, indicated no impairment at that time. The Company may determine in future impairment tests that some or all of the carrying value of the goodwill may not be recoverable. Such a finding would require a write-off of the amount of the carrying value that is impaired, which would reduce the Company's profitability in the period of the impairment charge. Holding all other assumptions constant as of the measurement date, the Company noted that an increase in the weighted average cost of capital of 100 basis points would reduce the fair value of the Lids Team Sports business by $5.9 million. Furthermore, the Company noted that a decrease in projected annual revenue by one percent would reduce the fair value of the Lids Team Sports business by $0.4 million. However, if other assumptions do not remain constant, the fair value of the Lids Team Sports business may decrease by a greater amount.

Identifiable intangible assets of the Company with finite lives are trademarks, customer lists, in-place leases, non-compete agreements and a vendor contract. They are subject to amortization based upon

their estimated useful lives. Finite-lived intangible assets are evaluated for impairment using a process similar to that used to evaluate other definite-lived long-lived assets, a comparison of the fair value of the intangible asset with its carrying amount. An impairment loss is recognized for the amount

by which the carrying value exceeds the fair value of the asset.

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at February 1, 2014 and February 2, 2013 are:

In thousands	February 1, 2014				February 2, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	—	$	—	$	27,700	$	27,742
UK Term Loans	33,730		33,840		22,982		22,982

Note 1

Summary of Significant Accounting Policies, Continued

Debt fair values were determined using a discounted cash flow analysis based on current market interest rates for similar types of financial instruments and would be classified in Level 2 as defined in Note 5.

Carrying amounts reported on the Consolidated Balance Sheets for cash, cash equivalents, receivables and accounts payable approximate fair value due to the short-term maturity of these instruments.

Cost of Sales

For the Company’s retail operations, the cost of sales includes actual product cost, the cost of transportation to the Company’s warehouses from suppliers and the cost of transportation from the Company’s warehouses to the stores. Additionally, the cost of its distribution facilities allocated to its retail operations is included in cost of sales.

For the Company’s wholesale operations, the cost of sales includes the actual product cost and the cost of transportation to the Company’s warehouses from suppliers.

Selling and Administrative Expenses

Selling and administrative expenses include all operating costs of the Company excluding (i) those related to the transportation of products from the supplier to the warehouse, (ii) for its retail operations, those related to the transportation of products from the warehouse to the store and (iii) costs of its distribution facilities which are allocated to its retail operations. Wholesale and unallocated retail costs of distribution are included in selling and administrative expenses in the amounts of $8.7 million, $8.2 million and $9.2 million for Fiscal 2014, 2013 and 2012, respectively.

Gift Cards

The Company has a gift card program that began in calendar 1999 for its Lids Sports operations and calendar 2000 for its footwear operations. The gift cards issued to date do not expire. As such, the Company recognizes income when: (i) the gift card is redeemed by the customer; or (ii) the likelihood of the gift card being redeemed by the customer for the purchase of goods in the future is remote and there are no related escheat laws (referred to as “breakage”). The gift card breakage rate is based

upon historical redemption patterns and income is recognized for unredeemed gift cards in proportion to those historical redemption patterns.

Gift card breakage is recognized in revenues each period. Gift card breakage recognized as revenue was $0.8 million, $0.7 million and $0.6 million for Fiscal 2014, 2013 and 2012, respectively. The Consolidated Balance Sheets include an accrued liability for gift cards of $14.4 million and $13.1 million at February 1, 2014 and February 2, 2013, respectively.

Buying, Merchandising and Occupancy Costs

The Company records buying, merchandising and occupancy costs in selling and administrative expense. Because the Company does not include these costs in cost of sales, the Company’s gross margin may not be comparable to other retailers that include these costs in the calculation of gross margin. Retail occupancy costs recorded in selling and administrative expense were $381.6 million, $359.3 million and $314.6 million for Fiscal 2014, 2013 and 2012, respectively.

Note 1

Summary of Significant Accounting Policies, Continued

Shipping and Handling Costs

Shipping and handling costs related to inventory purchased from suppliers are included in the cost of inventory and are charged to cost of sales in the period that the inventory is sold. All other shipping and handling costs are charged to cost of sales in the period incurred except for wholesale and unallocated retail costs of distribution, which are included in selling and administrative expenses on the Consolidated Statements of Operations.

Preopening Costs

Costs associated with the opening of new stores are expensed as incurred, and are included in selling and administrative expenses on the Consolidated Statements of Operations.

Store Closings and Exit Costs

From time to time, the Company makes strategic decisions to close stores or exit locations or activities. If stores or operating activities to be closed or exited constitute components, as defined by the Property, Plant and Equipment Topic of the Codification, and will not result in a migration of customers and cash flows, these closures will be considered discontinued operations when the related assets meet the criteria to be classified as held for sale, or at the cease-use date, whichever occurs first. The results of operations of discontinued operations are presented retroactively, net of tax, as a separate component on the Consolidated Statements of Operations, if material individually or cumulatively. In each of the years presented, no store closings meeting the discontinued operations criteria have been material individually or cumulatively.

Assets related to planned store closures or other exit activities are reflected as assets held for sale and recorded at the lower of carrying value or fair value less costs to sell when the required criteria, as

defined by the Property, Plant and Equipment Topic of the Codification, are satisfied. Depreciation ceases on the date that the held for sale criteria are met.

Assets related to planned store closures or other exit activities that do not meet the criteria to be classified as held for sale are evaluated for impairment in accordance with the Company’s normal impairment policy, but with consideration given to revised estimates of future cash flows. In any event, the remaining depreciable useful lives are evaluated and adjusted as necessary.

Exit costs related to anticipated lease termination costs, severance benefits and other expected charges are accrued for and recognized in accordance with the Exit or Disposal Cost Obligations Topic of the Codification.

Advertising Costs

Advertising costs are predominantly expensed as incurred. Advertising costs were $56.9 million, $48.3 million and $42.5 million for Fiscal 2014, 2013 and 2012, respectively. Direct response advertising costs for catalogs are capitalized in accordance with the Other Assets and Deferred Costs Topic for Capitalized Advertising Costs of the Codification. Such costs are amortized over the estimated future period as revenues are realized from such advertising, not to exceed six months.

Note 1

Summary of Significant Accounting Policies, Continued

The Consolidated Balance Sheets include prepaid assets for direct response advertising costs of $2.3 million and $1.4 million at February 1, 2014 and February 2, 2013.

Consideration to Resellers

In its wholesale businesses, the Company does not have any written buy-down programs with retailers, but the Company has provided certain retailers with markdown allowances for obsolete and slow moving products that are in the retailer’s inventory. The Company estimates these allowances and provides for them as reductions to revenues at the time revenues are recorded. Markdowns are negotiated with retailers and changes are made to the estimates as agreements are reached. Actual amounts for markdowns have not differed materially from estimates.

Cooperative Advertising

Cooperative advertising funds are made available to most of the Company’s wholesale footwear customers. In order for retailers to receive reimbursement under such programs, the retailer must meet specified advertising guidelines and provide appropriate documentation of expenses to be reimbursed. The Company’s cooperative advertising agreements require that wholesale customers present documentation or other evidence of specific advertisements or display materials used for the Company’s products by submitting the actual print advertisements presented in catalogs, newspaper inserts or other advertising circulars, or by permitting physical inspection of displays. Additionally, the Company’s cooperative advertising agreements require that the amount of reimbursement requested for such advertising or materials be supported by invoices or other evidence of the actual costs incurred by the retailer. The Company accounts for these cooperative advertising costs as selling and administrative

expenses, in accordance with the Revenue Recognition Topic for Customer Payments and Incentives of the Codification.

Cooperative advertising costs recognized in selling and administrative expenses were $3.2 million, $3.5 million and $3.3 million for Fiscal 2014, 2013 and 2012, respectively. During Fiscal 2014, 2013 and 2012, the Company’s cooperative advertising reimbursements paid did not exceed the fair value of the benefits received under those agreements.

Vendor Allowances

From time to time, the Company negotiates allowances from its vendors for markdowns taken or expected to be taken. These markdowns are typically negotiated on specific merchandise and for specific amounts. These specific allowances are recognized as a reduction in cost of sales in the

period in which the markdowns are taken. Markdown allowances not attached to specific inventory on hand or already sold are applied to concurrent or future purchases from each respective vendor.

The Company receives support from some of its vendors in the form of reimbursements for cooperative advertising and catalog costs for the launch and promotion of certain products. The reimbursements are agreed upon with vendors and represent specific, incremental, identifiable costs incurred by the Company in selling the vendor’s specific products. Such costs and the related reimbursements are accumulated and monitored on an individual vendor basis, pursuant to the respective cooperative advertising agreements with vendors. Such cooperative advertising reimbursements are recorded as a reduction of selling and administrative expenses in the same period in which the associated expense is

Note 1

Summary of Significant Accounting Policies, Continued

incurred. If the amount of cash consideration received exceeds the costs being reimbursed, such excess amount would be recorded as a reduction of cost of sales.

Vendor reimbursements of cooperative advertising costs recognized as a reduction of selling and administrative expenses were $2.8 million, $3.8 million and $3.0 million for Fiscal 2014, 2013 and 2012, respectively. During Fiscal 2014, 2013 and 2012, the Company’s cooperative advertising reimbursements received were not in excess of the costs incurred.

Environmental Costs

Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to an existing condition caused by past operations, and which do not contribute to current or future revenue generation, are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable and the costs can be reasonably estimated and are evaluated independently of any future claims for recovery. Generally, the timing of these accruals coincides with completion of a feasibility study or the Company's commitment to a formal plan of action. Costs of future expenditures for environmental remediation obligations are not discounted to their present value.

Earnings Per Common Share

Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted

earnings per share reflects the potential dilution that could occur if securities to issue common stock were exercised or converted to common stock (see Note 11).

Share-Based Compensation

The Company has share-based compensation covering certain members of management and non-employee directors. The Company recognizes compensation expense for share-based payments based on the fair value of the awards as required by the Compensation - Stock Compensation Topic of the Codification. The Company has not granted any stock options since the first quarter of Fiscal 2008. The fair value of employee restricted stock is determined based on the closing price of the Company's stock on the date of grant. The benefits of tax deductions in excess or recognized compensation expense are reported as a financing cash flow (see Note 12).

Other Comprehensive Income

The Comprehensive Income Topic of the Codification requires, among other things, the Company’s pension liability adjustment, postretirement liability adjustment, unrealized gains or losses on foreign currency forward contracts and foreign currency translation adjustments to be included in other comprehensive income net of tax. Accumulated other comprehensive loss at February 1, 2014 consisted

of $16.5 million of cumulative pension liability adjustment, net of tax, a cumulative post retirement liability adjustment of $0.9 million, net of tax, offset by a cumulative foreign currency translation adjustment of $0.6 million.

Note 1

Summary of Significant Accounting Policies, Continued

The following table summarizes the components of accumulated other comprehensive loss for the year ended February 1, 2014:

	Foreign Currency Translation			Unrecognized Pension/Postretirement Benefit Costs			Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance February 2, 2013	$	(1,931	)	$	(26,310	)	$	(28,241	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	2,506			—			2,506
Net actuarial gain	—			8,581			8,581
Amounts reclassified from AOCI:
Amortization of net actuarial loss (1)	—			6,257			6,257
Amortization reclassified from AOCI, before tax	—			6,257			6,257
Income tax expense	—			5,870			5,870
Current period other comprehensive income, net of tax	2,506			8,968			11,474
Balance February 1, 2014	$	575		$	(17,342	)	$	(16,767	)

(1) Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Consolidated Statements of Operations.

Business Segments

The Segment Reporting Topic of the Codification requires that companies disclose “operating segments” based on the way management disaggregates the Company’s operations for making internal operating decisions (see Note 14).

New Accounting Principles

In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“AOCI”), which sets forth additional disclosure requirements for items reclassified out of AOCI and into net income, and is effective for annual and interim reporting periods beginning after December 15, 2012. The Company adopted ASU No. 2013-02 in the first quarter of Fiscal 2014 by presenting amounts reclassified out of AOCI as a separate disclosure

in Note 1 to the Consolidated Financial Statements. Amounts reclassified out of AOCI were related to amortization of net actuarial loss associated with the Company's pension and postretirement plans.

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Equity (Details Textual) (USD $)	12 Months Ended				12 Months Ended					12 Months Ended			3 Months Ended	12 Months Ended			3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended		12 Months Ended			9 Months Ended			12 Months Ended		12 Months Ended
	Feb. 01, 2014 Vote	Feb. 02, 2013	Jan. 28, 2012	May 04, 2013	Feb. 01, 2014 Maximum [Member]	Feb. 01, 2014 Minimum [Member]	Feb. 01, 2014 1996 Stock Incentive Plan [Member]	Feb. 01, 2014 2005 Stock Incentive Plan [Member]	Feb. 01, 2014 2009 Stock Incentive Plan [Member]	Feb. 01, 2014 2009 Equity Incentive Plan [Member]	Feb. 02, 2013 2009 Equity Incentive Plan [Member]	Jan. 28, 2012 2009 Equity Incentive Plan [Member]	May 04, 2013 Subordinated Serial Preferred Stock $2.30 Series 1 [Member]	Feb. 01, 2014 Subordinated Serial Preferred Stock $2.30 Series 1 [Member]	Feb. 02, 2013 Subordinated Serial Preferred Stock $2.30 Series 1 [Member]	Jan. 28, 2012 Subordinated Serial Preferred Stock $2.30 Series 1 [Member]	May 04, 2013 Subordinated Serial Preferred Stock $4.75 Series 3 [Member]	Feb. 01, 2014 Subordinated Serial Preferred Stock $4.75 Series 3 [Member]	May 04, 2013 Subordinated Serial Preferred Stock $4.75 Series 4 [Member]	Feb. 01, 2014 Subordinated Serial Preferred Stock $4.75 Series 4 [Member]	May 04, 2013 Subordinated Serial Preferred Stock Series One, Three and Four [Member]	Feb. 01, 2014 Non-Redeemable Preferred Stock [Member]	Feb. 02, 2013 Non-Redeemable Preferred Stock [Member]	Jan. 28, 2012 Non-Redeemable Preferred Stock [Member]	Nov. 02, 2013 $1.50 Subordinated Cumulative Preferred Stock [Member]	Feb. 01, 2014 $1.50 Subordinated Cumulative Preferred Stock [Member]	May 04, 2013 $1.50 Subordinated Cumulative Preferred Stock [Member]	Feb. 01, 2014 Employees Subordinated Convertible Preferred Stock [Member]	Feb. 01, 2014 Conversion Of Preferred Stock [Member]	Feb. 01, 2014 Common Stock [Member]	Feb. 02, 2013 Common Stock [Member]	Jan. 28, 2012 Common Stock [Member]	Jan. 29, 2011 Common Stock [Member]
Equity (Textual) [Abstract]
Preferred stock, dividend rate													$ 2.30	$ 2.30			$ 4.75	$ 4.75	$ 4.75	$ 4.75
Preferred stock stated and redemption values over accumulated dividends													$ 40				$ 100									$ 1.50	$ 1.50
Preferred stock, redemption amount																					$ 600,000				$ 900,000
Conversion of stock, shares converted													13,713				6,046
Tender offer for outstanding common stock																						15.00%
Expiration date of rights	Mar. 01, 2020
Redeemable price per right (USD per share)	$ 0.01
Number of common stock	1
Multiplication value to Quarterly dividend per share of common stock for calculation of Stated and liquidation values and redemption price																												88
Stated and liquidation values and redemption price per share dividend paid on common stock plus accumulated dividends																									$ 30			$ 30
Stock redeemed or called during period, shares													2,490				1,352		3,247						30,067
Common stock, par value (USD per share)	$ 1	$ 1
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	24,407,724	24,484,915																												24,407,724	24,484,915	24,757,826	24,162,634
Shares held in treasury	488,464	488,464																				0								488,464
Number of Vote for each outstanding Share	1
Common shares reserved	310,292						60,000	70,854	1,204,662																				46,069
Common stock issued for exercise of stock options	130,051	223,618	390,357																			0	0	0						130,051	223,618	390,357
Weighted average exercise price of common stock	$ 23.33	$ 21.50	$ 24.82
Weighted average market price of common stock issued under stock option (USD per share)	$ 62.30	$ 63.84	$ 48.95
Weighted average price of common stock retired and repurchase (USD per share)																														$ 61.23	$ 58.29
Exercise of stock options	3,034,000	4,808,000	9,687,000																											3,000,000	4,800,000	9,700,000
Common stock issued as restricted shares										199,392	194,232	289,407
Issue shares - Employee Stock Purchase Plan, shares																						0	0	0						3,146	2,463	2,717
Issue shares - Employee Stock Purchase Plan, value	196,000	157,000	133,000
Number of common stock issued to directors for no consideration	14,435	10,224	14,643
Common stock withheld for taxes on restricted stock vested	105,193	75,552	93,089
Restricted stock forfeited during the year																														6,279	4,020	14,081
Common stock issued in conversion of debentures														24,922	22,028	5,238
Common stock shares repurchased and retired																														337,665	645,904
Common stock value repurchased and retired	1,462,000																					1,462,000								20,700,000	37,600,000
Percentage loan cap					25.00%	25.00%
Minimum percentage loan cap						15.00%
Proforma fixed charge coverage ratio	1.0
Redemption cost				1,500,000
Aggregate dividend declared for fiscal year	$ 100,000

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Summary of Significant Accounting Policies - Goodwill and Other Intangibles (Details Textual) (USD $)	Feb. 01, 2014	Feb. 02, 2013
Segment Reporting Information [Line Items]
Goodwill	$ 288,100,000	$ 273,827,000
Lids Sports Group [Member]
Segment Reporting Information [Line Items]
Goodwill	182,400,000	172,300,000
Schuh Group [Member]
Segment Reporting Information [Line Items]
Goodwill	104,900,000	100,700,000
Licensed Brands [Member]
Segment Reporting Information [Line Items]
Goodwill	800,000	800,000
Lids Teams Sports [Member]
Segment Reporting Information [Line Items]
Goodwill	14,200,000
Goodwill impairment analysis, fair value in excess of carrying value	3,900,000
Amount of reduction in fair value pending increases of 100 basis points in weighted average cost of capital	5,900,000
Amount of reduction in fair value pending decrease of 100 basis points in projected annual revenues	$ 400,000

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Inventories (Tables)

12 Months Ended

Feb. 01, 2014

Inventory Disclosure [Abstract]

Inventories

In thousands	February 1, 2014		February 2, 2013
Raw materials	$	26,115	$	24,223
Wholesale finished goods	64,357		57,161
Retail merchandise	476,789		423,960
Total Inventories	$	567,261	505,344

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Asset Impairments and Other Charges and Discontinued Operations (Tables)

12 Months Ended

Feb. 01, 2014

Asset Impairments and Other Charges and Discontinued Operations [Abstract]

Accrued Provision for Discontinued Operations

Accrued Provision for Discontinued Operations
In thousands	Facility Shutdown Costs
Balance January 29, 2011	$	15,035
Additional provision Fiscal 2012	1,692
Charges and adjustments, net	(4,210		)
Balance January 28, 2012	12,517
Additional provision Fiscal 2013	796
Charges and adjustments, net	(1,962		)
Balance February 2, 2013	11,351
Additional provision Fiscal 2014	543
Charges and adjustments, net	(519		)
Balance February 1, 2014*	11,375
Current provision for discontinued operations	7,263
Total Noncurrent Provision forDiscontinued Operations	$	4,112

*Includes a $11.9 million environmental provision, including $7.8 million in current provision for discontinued operations.

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Long-Term Debt (Details Textual)				0 Months Ended	12 Months Ended				12 Months Ended									0 Months Ended	12 Months Ended																		12 Months Ended
	Feb. 01, 2014 USD ($)	Feb. 02, 2013 USD ($)	Nov. 30, 2013 Amended and Restated Facilities Agreement [Member] Term Loan C [Member] Schuh Group [Member] GBP (£)	Nov. 30, 2013 Amended and Restated Facilities Agreement [Member] Term Loan C [Member] London Interbank Offered Rate (LIBOR) [Member] Schuh Group [Member]	Feb. 01, 2014 Revolving Credit Facility [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Credit Facility [Member] USD ($)	Feb. 01, 2014 Revolving Credit Facility [Member] Amended Credit Facility [Member] USD ($)	Jan. 30, 2014 Revolving Credit Facility [Member] Amended Credit Facility [Member] USD ($)	Feb. 01, 2014 Revolving Credit Facility [Member] Domestic Facility [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Domestic Facility [Member] London Interbank Offered Rate (LIBOR) [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Domestic Facility [Member] Prime Rate, Bank of America [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Domestic Facility [Member] Federal Funds Rate [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Domestic Facility [Member] London Interbank Offered Rate (LIBOR), 30-Day LIBOR [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Canadian Sub Facility [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Canadian Sub Facility [Member] Canadian Overnight Rate, Bank of America [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Canadian Sub Facility [Member] Bankers Acceptances Rate, 30-Day BA Rate [Member]	Feb. 01, 2014 Revolving Credit Facility [Member] Uk Credit Facility [Member] Schuh Group [Member]	Jan. 31, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] USD ($)	Feb. 01, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] USD ($)	Feb. 01, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] Genesco Uk Limited [Member] USD ($)	Feb. 01, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] GCO Canada Inc. [Member] USD ($)	Jan. 31, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] Swingline Loan [Member] Genesco Uk Limited [Member] USD ($)	Jan. 31, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] Swingline Loan [Member] GCO Canada Inc. [Member] USD ($)	Jan. 31, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] Standby Letters of Credit [Member] USD ($)	Jan. 31, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] Canadian Sub Facility [Member] USD ($)	Jan. 31, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] UK Sub Facility [Member] USD ($)	Jan. 31, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] Letter of Credit [Member] Genesco Uk Limited [Member] USD ($)	Jan. 31, 2014 Revolving Credit Facility [Member] Third Amended and Restated Credit Agreement [Member] Letter of Credit [Member] GCO Canada Inc. [Member] USD ($)	Feb. 01, 2014 Revolver Borrowings [Member] USD ($)	Feb. 02, 2013 Revolver Borrowings [Member] USD ($)	Feb. 01, 2014 Revolver Borrowings [Member] UK Term Loans [Member] USD ($)	Feb. 01, 2014 Revolver Borrowings [Member] Amended Credit Facility [Member] Letter of Credit [Member] USD ($)	Feb. 01, 2014 Loans Payable [Member] USD ($)	Feb. 02, 2013 Loans Payable [Member] USD ($)	Feb. 01, 2014 Loans Payable [Member] Uk Credit Facility [Member] Schuh Group [Member] GBP (£)	Feb. 01, 2014 Loans Payable [Member] Uk Credit Facility [Member] Term Loan A [Member] Schuh Group [Member] GBP (£)	Feb. 01, 2014 Loans Payable [Member] Uk Credit Facility [Member] Term Loan A [Member] London Interbank Offered Rate (LIBOR) [Member] Schuh Group [Member]	Feb. 01, 2014 Loans Payable [Member] Uk Credit Facility [Member] Term Loan B [Member] Schuh Group [Member] GBP (£)	Feb. 02, 2013 Loans Payable [Member] Uk Credit Facility [Member] Term Loan B [Member] Schuh Group [Member] GBP (£)	Jan. 28, 2012 Loans Payable [Member] Uk Credit Facility [Member] Term Loan B [Member] Schuh Group [Member] GBP (£)	Feb. 01, 2014 Loans Payable [Member] Uk Credit Facility [Member] Term Loan B [Member] London Interbank Offered Rate (LIBOR) [Member] Schuh Group [Member]	Feb. 01, 2014 Secured Debt [Member] Uk Credit Facility [Member] Working Capital Facility [Member] Schuh Group [Member] GBP (£)
Long-Term Debt (Textual) [Abstract]
Long-term debt maturing in year one	$ 6,800,000
Long-term debt maturing in year two	14,400,000
Long-term debt maturing in year three	2,100,000
Long-term debt maturing in year four	2,100,000
Long-term debt maturing in year five	2,100,000
Long-term debt maturing thereafter	6,200,000
Aggregate principal amount of credit facility			12,500,000					375,000,000										400,000,000				10,000,000	40,000,000	70,000,000	25,000,000	50,000,000	10,000,000	5,000,000							29,500,000	15,500,000		14,000,000				5,000,000
Capitalized deferred financing costs of credit facility and amendment						1,600,000	1,500,000
Amortization period of deferred financing costs for credit facility and amendment						5 years	5 years
Long-term debt	33,730,000	50,682,000																											0	27,700,000	33,700,000		33,730,000	22,982,000
Outstanding letters of credit																																14,500,000
Term of debt instrument																		5 years
Increase in availability under credit facility																			150,000,000	50,000,000	40,000,000
Aggregate amount of loans and letters of credit subject to receipt of commitment																				600,000,000	550,000,000
Components of borrowing base																			90% of eligible inventory plus 85% of eligible wholesale receivables (50% of eligible wholesale receivables of the Lids Team Sports business) plus 90% of eligible credit card and debit card receivables less applicable reserves
Prime rate description														Canadian Prime Rate (defined as the highest of the (i) Bank of America Canadian Prime Rate, (ii) 0.50% plus the Bank of America (Canadian) overnight rate, and (iii) 1.0% plus the BA rate for a 30 day interest period) plus the applicable margin for loans made in U.S. dollars, LIBOR plus the applicable margin or the U.S. Index Rate (defined as the highest of the (i) Bank of America (Canada branch) U.S. dollar base rate, (ii) the Federal Funds rate plus 0.50%, and (iii) LIBOR for an interest period of thirty days plus 1.0%) plus the applicable margin
Borrowing base based upon percentage of eligible inventory																			90.00%
Borrowing base based upon percentage of eligible wholesale receivables																			85.00%
Eligible wholesale receivables percentage of Lids team sports business																			50.00%
Borrowing base percentage of eligible credit card and debit card receivables less applicable reserves																			90.00%
Borrowing base percentage as maximum from loan cap																				30.00%
Percentage of shares pledged by company																				65.00%
Description of variable rate										LIBOR	Bank of America prime rate
Basis spread on variable rate				2.50%								0.50%	1.00%		0.50%	1.00%																					2.50%				3.75%
Applicable margin plus higher of condition one																			Federal Funds rate plus 0.50%
Applicable margin plus higher of condition two																			LIBOR for an interest period of thirty days plus 1.0%
Initial applicable margin for base rate loans and U.S. Index rate loans									0.50%
Initial applicable margin for LIBOR loans and BA equivalent loans									1.50%
Commitment fee on the actual daily unused portions of the credit facility one					0.25%
Commitment fee on the actual daily unused portions of the credit facility condition one																			0.50% per annum if less than 50% of the Credit Facility has been utilized
Commitment fee on the actual daily unused portions of the credit facility condition two																			0.375% per annum if 50% or more of the Credit Facility has been utilized
Financial covenants, Excess Availability threshold																			25,000,000
Financial covenants, Excess Availability threshold percentage																			10.00%
Covenants for fixed charge coverage ratio (description)																			not less than 1.0:1.0
Covenants for fixed charge coverage ratio																			1.0
Minimum fixed charge coverage ratio																			1
Excess availability under credit facility							358,000,000
Amended amount on senior debt covenant																			500,000,000
Financial covenants, Excess Availability threshold for cash dominion																			30,000,000
Financial covenants, Excess Availability threshold percentage for cash dominion																			12.50%
Payment on the term loan (in GBP)																																						£ 100,000	£ 4,800,000	£ 4,500,000
Interest coverage covenant minimum level																	4.25
Interest coverage covenant maximum level																	4.50
Leverage covenant minimum level																	2.25
Leverage covenant maximum level																	2.75
Cash flow coverage covenant minimum level																	1.10

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Summary of Significant Accounting Policies - Fair Value of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
U.S. Revolver Borrowings [Member]
Debt Instrument [Line Items]
Carrying Amount	$ 0	$ 27,700
Fair Value	0	27,742
UK Term Loans [Member]
Debt Instrument [Line Items]
Carrying Amount	33,730	22,982
Fair Value	$ 33,840	$ 22,982

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Fair Value (Tables)

12 Months Ended

Feb. 01, 2014

Fair Value Disclosures [Abstract]

Company's assets and liabilities measured at fair value on a nonrecurring basis

The following table presents the Company’s assets and liabilities measured at fair value on a nonrecurring basis as of February 1, 2014 aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):

	Long-Lived Assets Held and Used		Level 1		Level 2		Level 3		Impairment Charges
Measured as of May 4, 2013	$	191	$	—	$	—	$	191	$	1,208
Measured as of August 3, 2013	93		—		—		93		209
Measured as of November 2, 2013	514		—		—		514		350
Measured as of February 1, 2014	448		—		—		448		580
Total Asset Impairment Fiscal 2014									$	2,347

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Long-Term Debt (Tables)

12 Months Ended

Feb. 01, 2014

Debt Disclosure [Abstract]

Long-Term Debt

In thousands	February 1, 2014		February 2, 2013
Revolver borrowings	$	—	$	27,700
UK term loans	33,730		22,982
Total long-term debt	33,730		50,682
Current portion	6,793		5,675
Total Noncurrent Portion of Long-Term Debt	$	26,937	$	45,007

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Consolidated Statements of Equity (USD $) In Thousands, unless otherwise specified	Total		Total Non-Redeemable Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income Loss	Treasury Shares	Noncontrolling Interest Non-Redeemable
Beginning balance at Jan. 29, 2011	$ 627,724		$ 5,183	$ 24,163	$ 131,910	$ 506,127	$ (24,305)	$ (17,857)	$ 2,503
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	92,426		0	0	0	92,426	0	0	0
Other comprehensive income (loss)	(8,661)		0	0	0	0	(8,661)	0	0
Dividends paid on non-redeemable preferred stock	(193)		0	0	0	(193)	0	0	0
Exercise of stock options	9,687		0	390	9,297	0	0	0	0
Issue shares – Employee Stock Purchase Plan	133		0	3	130	0	0	0	0
Employee and non-employee restricted stock	7,659		0	0	7,659	0	0	0	0
Share-based compensation	1		0	0	1	0	0	0	0
Restricted stock issuance	0		0	304	(304)	0	0	0	0
Restricted shares withheld for taxes	(4,127)		0	(93)	(4,034)	0	0	0	0
Tax benefit of stock options and restricted stock exercised	4,585		0	0	4,585	0	0	0	0
Shares repurchased	0		0	0	0	0	0	0	0
Other	0		(226)	(9)	235	0	0	0	0
Noncontrolling interest – loss	(254)		0	0	0	0	0	0	(254)
Ending balance at Jan. 28, 2012	728,980		4,957	24,758	149,479	598,360	(32,966)	(17,857)	2,249
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	112,435		0	0	0	112,435	0	0	0
Other comprehensive income (loss)	4,725		0	0	0	0	4,725	0	0
Dividends paid on non-redeemable preferred stock	(147)		0	0	0	(147)	0	0	0
Exercise of stock options	4,808		0	224	4,584	0	0	0	0
Issue shares – Employee Stock Purchase Plan	157		0	2	155	0	0	0	0
Employee and non-employee restricted stock	10,508		0	0	10,508	0	0	0	0
Restricted stock issuance	0		0	194	(194)	0	0	0	0
Restricted shares withheld for taxes	(4,531)		0	(76)	0	(4,455)	0	0	0
Tax benefit of stock options and restricted stock exercised	4,820		0	0	4,820	0	0	0	0
Shares repurchased	(37,650)		0	(646)	0	(37,004)	0	0	0
Other	4		(1,033)	29	1,008	0	0	0	0
Noncontrolling interest – loss	(322)		0	0	0	0	0	0	(322)
Ending balance at Feb. 02, 2013	823,787		3,924	24,485	170,360	669,189	(28,241)	(17,857)	1,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	92,653	[1]	0	0	0	92,653	0	0	0
Other comprehensive income (loss)	11,474		0	0	0	0	11,474	0	0
Dividends paid on non-redeemable preferred stock	(33)		0	0	0	(33)	0	0	0
Exercise of stock options	3,034		0	130	2,904	0	0	0	0
Issue shares – Employee Stock Purchase Plan	196		0	3	193	0	0	0	0
Employee and non-employee restricted stock	12,295		0	0	12,295	0	0	0	0
Restricted stock issuance	0		0	214	(214)	0	0	0	0
Restricted shares withheld for taxes	(6,938)		0	(105)	105	(6,938)	0	0	0
Tax benefit of stock options and restricted stock exercised	3,784		0	0	3,784	0	0	0	0
Shares repurchased	(20,676)		0	(338)	0	(20,338)	0	0	0
Redemption of preferred shares	(1,462)		(1,462)	0	0	0	0	0	0
Other	3		(1,157)	19	1,141	0	0	0	0
Noncontrolling interest – loss	6		0	0	0	0	0	0	6
Ending balance at Feb. 01, 2014	$ 918,123		$ 1,305	$ 24,408	$ 190,568	$ 734,533	$ (16,767)	$ (17,857)	$ 1,933

[1] 53 week period vs. 52 weeks in prior period.

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Commitments Under Long-Term Leases (Tables)

12 Months Ended

Feb. 01, 2014

Leases [Abstract]

Rental expense under operating leases

Rental expense under operating leases of continuing operations was:

In thousands	2014			2013			2012
Minimum rentals	$	227,880		$	215,516		$	192,175
Contingent rentals	9,667			14,786			12,918
Sublease rentals	(663		)	(667		)	(686		)
Total Rental Expense	$	236,884		$	229,635		$	204,407

Minimum rental commitments payable in future years

Minimum rental commitments payable in future years are:

Fiscal Years	In thousands
2015	$	235,049
2016	216,870
2017	188,714
2018	157,295
2019	126,726
Later years	381,825
Total Minimum Rental Commitments	$	1,306,479

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Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details Textuals) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Defined Benefit Plan Disclosure [Line Items]
Minimum expected funded percentage	80.00%
Minimum year of service of employee related to savings plan	1 year
Minimum year of age of employee related to savings plan	21 years
Maximum percentage of salary up to which additional contribution made by employer	2.50%
Contribution expense to company for matching program	$ 5.0	$ 5.3	$ 4.2
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Participant's compensation	4.00%
Participant compensation in excess of social security taxable wage base	4.00%
Interest calculated on account balance of each active particpant	7.00%
Amount other than interest calculated on account balance of each active participant	50.00%
Amount with interest calculated on account balance of each inactive participant	lesser of 7% or the 30 year
Treasury rate with interest calculated on account balance of each inactive participant	7.00%
Year with interest calculated on account balance of each inactive participant	30
Year only with interest calculated under frozen plan for each participant's cash balance plan account	30
Treasury rate only with interest calculated under frozen plan for each participant's cash balance plan account	7.00%
Estimated net loss that will be amortized from accumulated other comprehensive income	3.9
Estimated prior service cost that will be amortized from accumulated other comprehensive income	0
Discount rate	4.40%	4.00%	4.35%
Decrease in rate increased accumulated benefit obligation	3.9	4.3
Decrease in rate increased projected benefit obligation	3.9	4.3
Expected long-term rate of return on plan assets	7.75%	7.75%	8.25%
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Age under health care plan for early retirees eligible for benefits	65 years
Estimated net loss that will be amortized from accumulated other comprehensive income	$ 0.1
Discount rate	4.40%	4.01%
Expected long-term rate of return on plan assets	0.00%	0.00%	0.00%
Domestic Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	50.00%
International Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	13.00%
Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	35.00%
Cash Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	2.00%
Defined Benefit Pension Plan Amendment Two [Member]
Defined Benefit Plan Disclosure [Line Items]
Percent of matching contribution by employer	100.00%
Maximum employer contribution up to a specified percentage of salary	3.00%
Percent of matching contribution by employer up to a specified percentage of salary	50.00%
Another maximum employer contribution up to specified percentage of salary	2.00%

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Summary of Significant Accounting Policies - Textual (Details) (USD $)	12 Months Ended
	Feb. 01, 2014 Store	Feb. 02, 2013	Jan. 28, 2012	Jan. 29, 2011
Summary of Accounting Policies [Line Items]
Total number of retail stores operated by company	2,568
Days in fiscal year	364 days	371 days	364 days
Pretax accruals for environmental contingencies included in provision for discontinued operations	$ 500,000	$ 800,000	$ 1,800,000
Deferred tax valuation allowance	3,771,000	3,541,000
Effective tax rate	41.47%	31.51%	40.25%
Minimum number of hours of service of full time employees		1000 hours
Cash and cash equivalents	59,447,000	59,795,000	53,790,000	55,934,000
Cash equivalents	0	200,000
Payment processing duration, minimum	24 hours
Payment processing duration, maximum	48 hours
Excess of outstanding checks drawn on zero-balance accounts at domestic banks exceeded book cash balances	42,100,000	36,100,000
Wholesale and unallocated retail costs of distribution	8,700,000	8,200,000	9,200,000
Gift card breakage recognized as revenue	800,000	700,000	600,000
Accrued liability for gift cards	14,400,000	13,100,000
Advertising costs	56,900,000	48,300,000	42,500,000
Prepaid advertising	2,300,000	1,400,000
Cooperative advertising costs	3,200,000	3,500,000	3,300,000
Vendor reimbursements of cooperative advertising costs	2,800,000	3,800,000	3,000,000
Accumulated other comprehensive income pension liability adjustments	16,500,000
Accumulated other comprehensive income post retirement liability adjustment	900,000
Accumulated other comprehensive income, foreign currency translation adjustment	600,000
Selling, General and Administrative Expenses [Member]
Summary of Accounting Policies [Line Items]
Retail occupancy costs	$ 381,600,000	$ 359,300,000	$ 314,600,000

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Fair Value (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012	Feb. 01, 2014 Fair Value Measurements Nonrecurring [Member]	Nov. 02, 2013 Fair Value Measurements Nonrecurring [Member]	Aug. 03, 2013 Fair Value Measurements Nonrecurring [Member]	May 04, 2013 Fair Value Measurements Nonrecurring [Member]	Feb. 01, 2014 Fair Value Measurements Nonrecurring [Member] Level 1 [Member]	Nov. 02, 2013 Fair Value Measurements Nonrecurring [Member] Level 1 [Member]	Aug. 03, 2013 Fair Value Measurements Nonrecurring [Member] Level 1 [Member]	May 04, 2013 Fair Value Measurements Nonrecurring [Member] Level 1 [Member]	Feb. 01, 2014 Fair Value Measurements Nonrecurring [Member] Level 2 [Member]	Nov. 02, 2013 Fair Value Measurements Nonrecurring [Member] Level 2 [Member]	Aug. 03, 2013 Fair Value Measurements Nonrecurring [Member] Level 2 [Member]	May 04, 2013 Fair Value Measurements Nonrecurring [Member] Level 2 [Member]	Feb. 01, 2014 Fair Value Measurements Nonrecurring [Member] Level 3 [Member]	Nov. 02, 2013 Fair Value Measurements Nonrecurring [Member] Level 3 [Member]	Aug. 03, 2013 Fair Value Measurements Nonrecurring [Member] Level 3 [Member]	May 04, 2013 Fair Value Measurements Nonrecurring [Member] Level 3 [Member]
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used				$ 448	$ 514	$ 93	$ 191	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 448	$ 514	$ 93	$ 191
Impairment Charges				580	350	209	1,208
Total Asset Impairment Fiscal 2014	$ 2,347	$ 1,396	$ 1,119

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Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 2) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Prior service cost	$ 0	$ 0
Net loss	27,147	42,879
Total Recognized in Accumulated Other Comprehensive Loss	27,147	42,879
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Prior service cost	0	0
Net loss	1,459	566
Total Recognized in Accumulated Other Comprehensive Loss	$ 1,459	$ 566

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014		Feb. 02, 2013
Current Assets
Cash and cash equivalents	$ 59,447		$ 59,795
Accounts receivable, net of allowances of $4,420 at February 1, 2014 and $6,082 at February 2, 2013	52,646		48,214
Inventories	567,261		505,344
Deferred income taxes	23,089		23,725
Prepaids and other current assets	54,432		45,193
Total current assets	756,875		682,271
Property and equipment:
Land	6,169		6,128
Buildings and building equipment	20,474		20,390
Computer hardware, software and equipment	131,110		120,757
Furniture and fixtures	173,992		148,903
Construction in progress	35,623		8,702
Improvements to leased property	335,287		318,376
Property and equipment, at cost	702,655		623,256
Accumulated depreciation	(422,618)		(381,587)
Property and equipment, net	280,037		241,669
Deferred income taxes	3,342		18,731
Goodwill	288,100		273,827
Trademarks, net of accumulated amortization of $4,312 at February 1, 2014 and $3,350 at February 2, 2013	77,571		77,408
Other intangibles, net of accumulated amortization of $20,645 at February 1, 2014 and $17,220 at February 2, 2013	9,082		11,598
Other noncurrent assets	24,277		20,568
Total Assets	1,439,284	[1]	1,326,072	[2]
Current Liabilities
Accounts payable	145,483		118,350
Accrued employee compensation	49,078		55,241
Accrued other taxes	26,247		25,985
Accrued income taxes	2,188		2,096
Current portion – long-term debt	6,793		5,675
Other accrued liabilities	68,526		60,659
Provision for discontinued operations	7,263		7,192
Total current liabilities	305,578		275,198
Long-term debt	26,937		45,007
Pension liability	9,223		20,514
Deferred rent and other long-term liabilities	175,311		157,407
Provision for discontinued operations	4,112		4,159
Total liabilities	521,161		502,285
Commitments and contingent liabilities
Equity
Non-redeemable preferred stock	1,305	[3]	3,924	[3]
Common equity:
Common stock, $1 par value: Authorized: 80,000,000 shares Issued/Outstanding: February 1, 2014 – 24,407,724/23,919,260, February 2, 2013 - 24,484,915/23,996,451	24,408		24,485
Additional paid-in capital	190,568		170,360
Retained earnings	734,533		669,189
Accumulated other comprehensive loss	(16,767)		(28,241)
Treasury shares, at cost (488,464 shares)	(17,857)		(17,857)
Total Genesco equity	916,190		821,860
Noncontrolling interest – non-redeemable	1,933		1,927
Total equity	918,123		823,787
Total Liabilities and Equity	$ 1,439,284		$ 1,326,072

[1] Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $182.4 million, $104.9 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group includes $10.1 million of additions in Fiscal 2014 resulting from small acquisitions and the Schuh Group goodwill increased by $4.2 million due to foreign currency translation adjustment.

[2] Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $172.3 million, $100.7 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group includes $13.2 million of additions in Fiscal 2013 resulting from small acquisitions and the Schuh Group goodwill increased by $0.8 million due to foreign currency translation adjustment.

[3] In order of preference for liquidation and dividends.

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Summary of Significant Accounting Policies - Components of Accumulated Other Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013	Jan. 28, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (28,241)
Foreign currency translation adjustment	2,506
Net actuarial gain	8,581
Amortization of net actuarial loss	6,257	[1]
Amortization reclassified from AOCI, before tax	6,257
Income tax expense	5,870
Total other comprehensive income (loss)	11,474		4,725	(8,661)
Ending balance	(16,767)		(28,241)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,931)
Foreign currency translation adjustment	2,506
Net actuarial gain	0
Amortization of net actuarial loss	0	[1]
Amortization reclassified from AOCI, before tax	0
Income tax expense	0
Total other comprehensive income (loss)	2,506
Ending balance	575
Unrecognized Pension/ Postretirement Benefit Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(26,310)
Foreign currency translation adjustment	0
Net actuarial gain	8,581
Amortization of net actuarial loss	6,257	[1]
Amortization reclassified from AOCI, before tax	6,257
Income tax expense	5,870
Total other comprehensive income (loss)	8,968
Ending balance	$ (17,342)

[1] Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Consolidated Statements of Operations.

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Valuation and Qualifying Accounts (Details) (Accounts Receivable Allowances, USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Accounts Receivable Allowances
Reserves deducted from assets in the balance sheet:
Beginning Balance	$ 6,082	$ 6,900	$ 3,301
Charged to Profit and Loss	(525)	1,325	2,004
Increases (Decreases)	(1,137)	(2,143)	1,595
Ending Balance	$ 4,420	$ 6,082	$ 6,900

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Consolidated Statements of Comprehensive Income (Parentheticals) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Statement of Comprehensive Income [Abstract]
Gain (loss) on foreign currency forward contract net of tax	$ 0	$ 0	$ 0
Pension liability adjustment net of tax	6.2	2.4	3.1
Postretirement liability adjustment net of tax	$ 0.3	$ 0.1	$ 0.1

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Quarterly Financial Information (Unaudited) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended																12 Months Ended
	Feb. 01, 2014		Nov. 02, 2013		Aug. 03, 2013		May 04, 2013		Feb. 02, 2013		Oct. 27, 2012		Jul. 28, 2012		Apr. 28, 2012		Feb. 01, 2014		Feb. 02, 2013	Jan. 28, 2012
Details of Quarterly financial information
Net sales	$ 792,506	[1]	$ 666,332		$ 574,746		$ 591,388		$ 796,693		$ 664,458		$ 543,522		$ 600,144		$ 2,624,972	[2]	$ 2,604,817	$ 2,291,987
Gross margin	385,644	[1]	332,161		282,808		298,437		384,240		334,412		273,059		306,906		1,299,050	[2]	1,298,617
Earnings from continuing operations before income taxes	73,998	[1],[3]	45,789	[4]	14,388	[5]	24,685	[6]	61,401	[7]	52,907	[8]	14,638	[8]	35,886	[9]	158,860	[2]	164,832	156,393
Earnings from continuing operations	42,212	[1]	27,796		8,465		14,509		38,913		42,221		10,009		21,754		92,982	[2]	112,897	93,451
Net earnings	$ 42,153	[1],[10]	$ 27,750		$ 8,340	[10]	$ 14,410	[10]	$ 38,763	[11]	$ 42,127	[10]	$ 9,968		$ 21,577	[11]	$ 92,653	[2]	$ 112,435	$ 92,426
Diluted earnings per common share:
Continuing operations (USD per share)	$ 1.79	[1]	$ 1.18		$ 0.36		$ 0.61		$ 1.64		$ 1.76		$ 0.41		$ 0.88		$ 3.94	[2]	$ 4.69	$ 3.83
Net earnings (USD per share)	$ 1.79	[1]	$ 1.18		$ 0.35		$ 0.61		$ 1.63		$ 1.76		$ 0.40		$ 0.87		$ 3.92	[2]	$ 4.68	$ 3.79

[1] 14 week period vs. 13 weeks in prior period.

[2] 53 week period vs. 52 weeks in prior period.

[3] Includes a net asset impairment and other charge of $5.6 million (see Note 3).

[4] Includes a net asset impairment and other charge of $1.5 million (see Note 3).

[5] Includes a net asset impairment and other credit of $(7.1) million (see Note 3).

[6] Includes a net asset impairment and other charge of $1.3 million (see Note 3).

[7] Includes a net asset impairment and other charge of $16.1 million (see Note 3).

[8] Includes a net asset impairment and other charge of $0.4 million (see Note 3).

[9] Includes a net asset impairment and other charge of $0.1 million (see Note 3).

[10] Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3).

[11] Includes a loss of $0.2 million, net of tax, from discontinued operations (see Note 3).

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Equity (Details) (USD $) In Thousands, except Share data, unless otherwise specified														3 Months Ended	12 Months Ended						3 Months Ended	12 Months Ended						3 Months Ended	12 Months Ended						12 Months Ended						12 Months Ended														12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013		Jan. 28, 2012		Jan. 29, 2011	Feb. 01, 2014 Subordinated Serial Preferred Stock Aggregate [Member]		Feb. 02, 2013 Subordinated Serial Preferred Stock Aggregate [Member]		Jan. 28, 2012 Subordinated Serial Preferred Stock Aggregate [Member]		May 04, 2013 Subordinated Serial Preferred Stock $2.30 Series 1 [Member]	Feb. 01, 2014 Subordinated Serial Preferred Stock $2.30 Series 1 [Member] Vote		Feb. 02, 2013 Subordinated Serial Preferred Stock $2.30 Series 1 [Member]		Jan. 28, 2012 Subordinated Serial Preferred Stock $2.30 Series 1 [Member]		May 04, 2013 Subordinated Serial Preferred Stock $4.75 Series 3 [Member]	Feb. 01, 2014 Subordinated Serial Preferred Stock $4.75 Series 3 [Member] Vote		Feb. 02, 2013 Subordinated Serial Preferred Stock $4.75 Series 3 [Member]		Jan. 28, 2012 Subordinated Serial Preferred Stock $4.75 Series 3 [Member]		May 04, 2013 Subordinated Serial Preferred Stock $4.75 Series 4 [Member]	Feb. 01, 2014 Subordinated Serial Preferred Stock $4.75 Series 4 [Member] Vote		Feb. 02, 2013 Subordinated Serial Preferred Stock $4.75 Series 4 [Member]		Jan. 28, 2012 Subordinated Serial Preferred Stock $4.75 Series 4 [Member]		Feb. 01, 2014 Subordinated Serial Preferred Stock Series 6 [Member] Vote		Feb. 02, 2013 Subordinated Serial Preferred Stock Series 6 [Member]		Jan. 28, 2012 Subordinated Serial Preferred Stock Series 6 [Member]		Feb. 01, 2014 $1.50 Subordinated Cumulative Preferred Stock [Member] Vote		May 04, 2013 $1.50 Subordinated Cumulative Preferred Stock [Member]	Feb. 02, 2013 $1.50 Subordinated Cumulative Preferred Stock [Member]		Jan. 28, 2012 $1.50 Subordinated Cumulative Preferred Stock [Member]		Feb. 01, 2014 Non-Redeemable Preferred Stock [Member]		Feb. 02, 2013 Non-Redeemable Preferred Stock [Member]		Jan. 28, 2012 Non-Redeemable Preferred Stock [Member]		Jan. 29, 2011 Non-Redeemable Preferred Stock [Member]	Feb. 01, 2014 Employees Subordinated Convertible Preferred Stock [Member] Vote		Feb. 02, 2013 Employees Subordinated Convertible Preferred Stock [Member]		Jan. 28, 2012 Employees Subordinated Convertible Preferred Stock [Member]		Feb. 01, 2014 Stated Value of Issued Shares [Member]		Feb. 02, 2013 Stated Value of Issued Shares [Member]		Jan. 28, 2012 Stated Value of Issued Shares [Member]		Feb. 01, 2014 Employees' Preferred Stock Purchase Accounts [Member]		Feb. 02, 2013 Employees' Preferred Stock Purchase Accounts [Member]		Jan. 28, 2012 Employees' Preferred Stock Purchase Accounts [Member]		Jan. 29, 2011 Employees' Preferred Stock Purchase Accounts [Member]
Non-Redeemable Preferred Stock
Preferred stock, dividend rate														$ 2.30	$ 2.30						$ 4.75	$ 4.75						$ 4.75	$ 4.75
Non-redeemable preferred stock, shares authorized								3,000,000	[1],[2]						64,368	[1]						40,449	[1]						53,764	[1]					800,000	[1]					5,000,000	[1]													5,000,000	[1]
Non-redeemable preferred stock, number of shares								0	[1]	0	[1]	0	[1]		0	[1]	16,203	[1]	30,368	[1]		0	[1]	7,398	[1]	11,643	[1]		0	[1]	3,247	[1]	3,397	[1]	0	[1]	0	[1]	0	[1]	0	[1]		30,067	[1]	30,067	[1]	0	[1]	56,915	[1]	75,475	[1]		46,069	[1]	46,852	[1]	47,922	[1]
Non-redeemable preferred stock	$ 1,305	[1]	$ 3,924	[1]	$ 4,957	[1]	$ 5,183	$ 0	[1]	$ 0	[1]	$ 0	[1]		$ 0	[1]	$ 648	[1]	$ 1,215	[1]		$ 0	[1]	$ 740	[1]	$ 1,164	[1]		$ 0	[1]	$ 325	[1]	$ 340	[1]	$ 0	[1]	$ 0	[1]	$ 0	[1]	$ 0	[1]		$ 902	[1]	$ 902	[1]	$ 0	[1]	$ 2,615	[1]	$ 3,621	[1]	$ 3,816	$ 1,382	[1]	$ 1,405	[1]	$ 1,437	[1]	$ 1,382	[1]	$ 4,020	[1]	$ 5,058	[1]	$ (77)	[1]	$ (96)	[1]	$ (101)	[1]	$ (109)
Common Convertible Ratio															0.83	[1]						2.11	[1]						1.52	[1]																									1.00	[1],[3]
Number of votes															1	[1]						2	[1]						1	[1]					100	[1]					1	[1]													1	[1]
Common convertible ratio	1																																								1	[3]
Par value of preferred stock (USD per share)														$ 40							$ 100																				$ 1.50		$ 1.50

[1] In order of preference for liquidation and dividends.

[2] The Company’s charter permits the board of directors to issue Subordinated Serial Preferred Stock in as many series, each with as many shares and such rights and preferences as the board may designate.

[3] Also convertible into one share of $1.50 Subordinated Cumulative Preferred Stock.

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Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Feb. 01, 2014

Compensation and Retirement Disclosure [Abstract]

Obligations and funded status

Obligations and Funded Status

Change in Benefit Obligation

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Benefit obligation at beginning of year	$	119,126		$	118,644		$	4,487		$	3,908
Service cost	350			350			428			356
Interest cost	4,584			4,961			159			157
Plan participants’ contributions	—			—			86			74
Benefits paid	(9,000		)	(9,038		)	(436		)	(221		)
Actuarial (gain) loss	(3,927		)	4,209			990			213
Benefit Obligation at End of Year	$	111,133		$	119,126		$	5,714		$	4,487

Change in Plan Assets

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Fair value of plan assets at beginning of year	$	98,612		$	96,443		—			—
Actual gain on plan assets	12,298			11,207			—			—
Employer contributions	—			—			350			147
Plan participants’ contributions	—			—			86			74
Benefits paid	(9,000		)	(9,038		)	(436		)	(221		)
Fair Value of Plan Assets at End of Year	$	101,910		$	98,612		—			—
Funded Status at End of Year	$	(9,223	)	$	(20,514	)	$	(5,714	)	$	(4,487	)

Amounts recognized in the consolidated balance sheets

Amounts recognized in the Consolidated Balance Sheets consist of:

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Noncurrent assets	$	—		$	—		$	—		$	—
Current liabilities	—			—			(208		)	(160		)
Noncurrent liabilities	(9,223		)	(20,514		)	(5,506		)	(4,327		)
Net Amount Recognized	$	(9,223	)	$	(20,514	)	$	(5,714	)	$	(4,487	)

Amounts recognized in accumulated other comprehensive income

Amounts recognized in accumulated other comprehensive income consist of:

	Pension Benefits				Other Benefits
In thousands	2014		2013		2014		2013
Prior service cost	$	—	$	—	$	—	$	—
Net loss	27,147		42,879		1,459		566
Total Recognized in Accumulated Other Comprehensive Loss	$	27,147	$	42,879	$	1,459	$	566

Pension benefits

Amounts for projected and accumulated benefit obligation and fair value of plan assets are as follows:

In thousands	February 1, 2014		February 2, 2013
Projected benefit obligation	$	111,133	$	119,126
Accumulated benefit obligation	111,133		119,126
Fair value of plan assets	101,910		98,612

Components of net periodic benefit cost

Net Periodic Benefit Cost

	Pension Benefits									Other Benefits
In thousands	2014			2013			2012			2014		2013		2012
Service cost	$	350		$	350		$	250		$	428	$	356	$	166
Interest cost	4,584			4,961			5,597			159		157		174
Expected return on plan assets	(6,654		)	(7,003		)	(7,807		)	—		—		—
Amortization:
Prior service cost	—			4			4			—		—		—
Losses	6,160			6,032			4,728			97		84		79
Net amortization	$	6,160		$	6,036		$	4,732		$	97	$	84	$	79
Net Periodic Benefit Cost	$	4,440		$	4,344		$	2,772		$	684	$	597	$	419

Reconciliation of accumulated other comprehensive income

Reconciliation of Accumulated Other Comprehensive Income

	Pension Benefits			Other Benefits
In thousands	2014			2014
Net loss (gain)	$	(9,571	)	$	990
Amortization of prior service cost	—			—
Amortization of net actuarial loss	(6,160		)	(97		)
Total Recognized in Other Comprehensive Income	$	(15,731	)	$	893
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$	(11,291	)	$	1,577

Weighted-average assumptions used to determine benefit obligations

Weighted-average assumptions used to determine benefit obligations

	Pension Benefits				Other Benefits
	2014		2013		2014		2013
Discount rate	4.40	%	4.00	%	4.40	%	4.01	%
Rate of compensation increase	NA		NA		—		—

Weighted-average assumptions used to determine net periodic benefit costs

Weighted-average assumptions used to determine net periodic benefit costs

	Pension Benefits						Other Benefits
	2014		2013		2012		2014		2013		2012
Discount rate	4.00	%	4.35	%	5.25	%	4.01	%	4.17	%	5.25	%
Expected long-term rate of return on plan assets	7.75	%	7.75	%	8.25	%	—		—		—
Rate of compensation increase	NA		NA		NA		—		—		—

Assumed health care cost trend rates

Assumed health care cost trend rates

	2014		2013
Health care cost trend rate assumed for next year	8.0	%	7.0	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5	%	5	%
Year that the rate reaches the ultimate trend rate	2019		2017

Effect of one percentage point change in the assumed health care cost trend rate

The effect on disclosed information of one percentage point change in the assumed health care cost trend rate for each future year is shown below.

In thousands	1% Increase in Rates		1% Decrease in Rates
Aggregated service and interest cost	$	134	$	106
Accumulated postretirement benefit obligation	$	626	$	735

Company's pension plan weighted average asset allocations by asset category

The Company’s pension plan weighted average asset allocations as of February 1, 2014 and February 2, 2013, by asset category are as follows:

	Plan Assets
	February 1, 2014		February 2, 2013
Asset Category
Equity securities	65	%	66	%
Debt securities	35	%	34	%
Other	0	%	0	%
Total	100	%	100	%

Hierarchy of plan assets by level within fair values

The following tables present the pension plan assets by level within the fair value hierarchy as of February 1, 2014 and February 2, 2013. 

February 1, 2014	Level 1			Level 2		Level 3		Total
Equity Securities:
International securities	$	13,026		$	—	$	—	$	13,026
U.S. securities	53,187			—		—		53,187
Fixed Income Securities	35,481			—		—		35,481
Other:
Cash Equivalents	235			—		—		235
Other (includes receivables and payables)	(19		)	—		—		(19		)
Total Pension Plan Assets	$	101,910		$	—	$	—	$	101,910

February 2, 2013	Level 1			Level 2		Level 3		Total
Equity Securities:
International securities	$	13,757		$	—	$	—	$	13,757
U.S. securities	51,011			—		—		51,011
Fixed Income Securities	33,633			—		—		33,633
Other:
Cash Equivalents	235			—		—		235
Other (includes receivables and payables)	(24		)	—		—		(24		)
Total Pension Plan Assets	$	98,612		$	—	$	—	$	98,612

Expected benefit payments from the trust, including future service and pay

Expected benefit payments from the trust, including future service and pay, are as follows:

Estimated future payments	Pension Benefits ($ in millions)		Other Benefits ($ in millions)
2014	$	8.7	$	0.2
2015	8.5		0.2
2016	8.3		0.2
2017	8.1		0.3
2018	8.0		0.3
2019 – 2023	36.7		1.8

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Income Taxes (Details 2) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Deferred tax assets and liabilities
Identified intangibles	$ (28,468)	$ (28,076)
Prepaids	(3,063)	(2,943)
Convertible bonds	(3,001)	(3,001)
Total deferred tax liabilities	(34,532)	(34,020)
Options	448	965
Deferred rent	4,986	5,847
Pensions	4,253	8,321
Expense accruals	15,673	16,766
Uniform capitalization costs	13,750	12,539
Book over tax depreciation	2,839	13,783
Provisions for discontinued operations and restructurings	4,731	4,745
Inventory valuation	2,115	2,015
Tax net operating loss and credit carryforwards	2,396	3,535
Allowances for bad debts and notes	761	1,598
Deferred compensation and restricted stock	6,606	6,382
Other	4,320	3,500
Gross deferred tax assets	62,878	79,996
Deferred tax asset valuation allowance	(3,771)	(3,541)
Deferred tax asset net of valuation allowance	59,107	76,455
Net Deferred Tax Assets	$ 24,575	$ 42,435

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Business Segment Information

12 Months Ended

Feb. 01, 2014

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

During Fiscal 2014, the Company operated five reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys retail footwear chains, catalog and e-commerce operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Lids Sports Group, comprised primarily of the Lids, Hat World and Hat Shack retail headwear stores, the Lids Locker Room and Lids Clubhouse fan shops (operated under various trade names), licensed team merchandise departments in Macy's department stores operated under the name of Locker Room by Lids under a license agreement with Macy's, the Lids Team Sports business and certain e-commerce operations; (iv) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, catalog and e-commerce operations and wholesale distribution of products under the Johnston & Murphy and Trask brands; and (v) Licensed Brands, comprised of Dockers^® Footwear, sourced and marketed under a license from Levi Strauss &

Company; SureGrip^® Footwear, occupational footwear primarily sold directly to consumers; and other brands.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

The Company's reportable segments are based on management's organization of the segments in order to make operating decisions and assess performance along types of products sold. Journeys Group, Schuh Group and Lids Sports Group sell primarily branded products from other companies while Johnston & Murphy Group and Licensed Brands sell primarily the Company's owned and licensed

brands.

Note 14

Business Segment Information, Continued

Corporate assets include cash, domestic prepaid rent expense, prepaid income taxes, deferred income taxes, deferred note expense and corporate fixed assets. The Company charges allocated retail costs of distribution to each segment. The Company does not allocate certain costs to each segment in order

to make decisions and assess performance. These costs include corporate overhead, interest expense, interest income, asset impairment charges and other, including major litigation and major lease terminations.

Fiscal 2014
	Journeys Group			Schuh Group		Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In thousands
Sales	$	1,082,241		$	364,732	$	821,779		$	245,941	$	109,989		$	1,282		$	2,625,964
Intercompany sales	—		—	—		(783		)	—		(209		)	—			(992		)
Net sales to external customers	$	1,082,241		$	364,732	$	820,996		$	245,941	$	109,780		$	1,282		$	2,624,972
Segment operating income (loss)	$	97,377		$	3,063	$	63,748		$	17,638	$	10,614		$	(27,664	)	$	164,776
Asset Impairments and other*	—			—		—			—		—			(1,341		)	(1,341		)
Earnings (loss) from operations	97,377			3,063		63,748			17,638		10,614			(29,005		)	163,435
Interest expense	—			—		—			—		—			(4,641		)	(4,641		)
Interest income	—			—		—			—		—			66			66
Earnings (loss) from continuing operations before income taxes	$	97,377		$	3,063	$	63,748		$	17,638	$	10,614		$	(33,580	)	$	158,860
Total assets**	$	298,105		$	268,514	$	574,664		$	97,532	$	50,955		$	149,514		$	1,439,284
Depreciation and amortization	19,400			11,339		28,345			4,002		468			3,581			67,135
Capital expenditures	20,223			29,673		35,193			9,178		1,452			2,737			98,456

 *Asset Impairments and other includes a $2.3 million charge for asset impairments, of which $1.4 million is in the Lids Sports Group, $0.6 million is in the Journeys Group and $0.3 million is in the Johnston & Murphy Group, a $3.3 million charge for network intrusion costs, a $2.4 million charge for other legal matters and a $1.6 million charge for a lease termination partially offset by a gain of $(8.3) million for the lease termination of a New York City Journeys store.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $182.4 million, $104.9 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group includes $10.1 million of additions in Fiscal 2014 resulting from small acquisitions and the Schuh Group goodwill increased by $4.2 million due to foreign currency translation adjustment.

Note 14

Business Segment Information, Continued

Fiscal 2013
	Journeys Group		Schuh Group		Lids Sports Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
In thousands
Sales	$	1,111,490	370,480		$	793,016		$	221,870		$	108,808		$	1,234		$	2,606,898
Intercompany sales	—		—		(1,761		)	(10		)	(310		)	—			(2,081		)
Net sales to external customers	$	1,111,490	$	370,480	$	791,255		$	221,860		$	108,498		$	1,234		$	2,604,817
Segment operating income (loss)	$	109,953	$	11,209	$	82,867		$	15,696		$	10,078		$	(42,903	)	$	186,900
Asset Impairments and other*	—		—		—			—			—			(17,037		)	(17,037		)
Earnings (loss) from operations	109,953		11,209		82,867			15,696			10,078			(59,940		)	169,863
Interest expense	—		—		—			—			—			(5,126		)	(5,126		)
Interest income	—		—		—			—			—			95			95
Earnings (loss) from continuing operations before income taxes	$	109,953	$	11,209	$	82,867		$	15,696		$	10,078		$	(64,971	)	$	164,832
Total assets**	$	280,396	231,323		$	519,006		$	89,505		$	43,212		$	162,630		$	1,326,072
Depreciation and amortization	20,190		10,040		26,892			3,738			366			2,471			63,697
Capital expenditures	21,852		16,873		21,448			6,680			1,255			3,629			71,737

*Asset Impairments and other includes a $1.4 million charge for asset impairments, of which $0.9 million is in the Lids Sports Group, $0.4 million is in the Journeys Group, and $0.1 million is in the Johnston & Murphy Group, a $15.6 million charge for network intrusion costs and a $0.1 million charge for other legal matters.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $172.3 million, $100.7 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group includes $13.2 million of additions in Fiscal 2013 resulting from small acquisitions and the Schuh Group goodwill increased by $0.8 million due to foreign currency translation adjustment.

Note 14

Business Segment Information, Continued

Fiscal 2012
	Journeys Group		Schuh Group		Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In thousands
Sales	$	1,020,116	$	212,262	$	759,671		$	201,725	$	97,721		$	1,116		$	2,292,611
Intercompany sales	—		—		(347		)	—		(277		)	—			(624		)
Net sales to external customers	$	1,020,116	$	212,262	$	759,324		$	201,725	$	97,444		$	1,116		$	2,291,987
Segment operating income (loss)	$	89,045	$	11,711	$	86,037		$	13,743	$	9,451		$	(45,825	)	$	164,162
Asset Impairments and other*	—		—		—			—		—			(2,677		)	(2,677		)
Earnings (loss) from operations	89,045		11,711		86,037			13,743		9,451			(48,502		)	161,485
Interest expense	—		—		—			—		—			(5,157		)	(5,157		)
Interest income	—		—		—			—		—			65			65
Earnings (loss) from continuing operations before income taxes	$	89,045	$	11,711	$	86,037		$	13,743	$	9,451		$	(53,594	)	$	156,393
Total assets**	$	259,331	$	205,313	$	489,512		$	79,321	$	34,974		$	161,310		$	1,229,761
Depreciation and amortization	20,742		4,602		22,541			3,538		285			2,029			53,737
Capital expenditures	11,125		7,406		24,497			1,894		718			3,816			49,456

*Asset Impairments and other includes a $1.1 million charge for asset impairments, of which $0.6 million is in the Journeys Group, $0.3 million is in the Lids Sports Group and $0.2 million is in the Johnston & Murphy Group, a $0.7 million charge for network intrusion costs and a $0.9 million charge for other legal matters.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $159.1 million, $99.9 million and $0.8 million of goodwill, respectively. Goodwill for the Lids Sports Group includes $6.5 million of additions in Fiscal 2012 resulting from small acquisitions and the Schuh Group goodwill is due to the acquisition of Schuh in the second quarter of Fiscal 2012 of $102.9 million which has been decreased by $3.0 million due to foreign currency translation adjustment.

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Earnings Per Share (Tables)

12 Months Ended

Feb. 01, 2014

Earnings Per Share [Abstract]

Summary of Basic and Diluted Earnings per share

	For the Year Ended February 1, 2014						For the Year Ended February 2, 2013						For the Year Ended January 28, 2012
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per-Share Amount		Income (Numerator)			Shares (Denominator)	Per-Share Amount		Income (Numerator)			Shares (Denominator)	Per-Share Amount
Earnings from continuing operations	$	92,982					$	112,897					$	93,451
Less: Preferred stock dividends and income from participating securities	(33		)				(147		)				(3,338		)
Basic EPS from continuing operations
Income from continuing operations available to common shareholders	92,949			23,297	$	3.99	112,750			23,584	$	4.78	90,113			23,179	$	3.89
Effect of Dilutive Securities from continuing operations
Plus: Income from participating securities	—						—						43
Options and restricted stock				272						372						283
Convertible preferred stock(1)	—			—			88			34			141			55
Employees’ preferred stock(2)				46						47						48
Diluted EPS from continuing operations
Income from continuing operations available to common shareholders plus assumed conversions	$	92,949		23,615	$	3.94	$	112,838		24,037	$	4.69	$	90,297		23,565	$	3.83

(1) As a result of the Company issuing a notice of mandatory redemption to the holders of Series 1, 3 and 4 preferred stock in the first quarter of Fiscal 2014, there were no remaining convertible preferred stock of that series outstanding as of February 1, 2014. Therefore, convertible preferred stocks were not included in diluted earnings per share for Fiscal 2014. The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was less than basic earnings per share for Series 1, 3 and 4 preferred stocks for Fiscal 2013 and 2012. Therefore, conversion of these convertible preferred stocks were included in diluted earnings per share for Fiscal 2013 and 2012.

(2) The Company’s Employees’ Subordinated Convertible Preferred Stock is convertible one for one to the Company’s common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted.

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Valuation and Qualifying Accounts

12 Months Ended

Feb. 01, 2014

Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

Valuation and Qualifying Accounts

Year Ended February 1, 2014

In Thousands	Beginning Balance		Charged to Profit and Loss			Increases (Decreases)			Ending Balance
Reserves deducted from assets in the balance sheet:
Accounts Receivable Allowances	$	6,082	$	(525	)	$	(1,137	)	$	4,420

Year Ended February 2, 2013

In Thousands	Beginning Balance		Charged to Profit and Loss		Increases (Decreases)			Ending Balance
Reserves deducted from assets in the balance sheet:
Accounts Receivable Allowances	$	6,900	$	1,325	$	(2,143	)	$	6,082

Year Ended January 28, 2012

In Thousands	Beginning Balance		Charged to Profit and Loss		Increases (Decreases)		Ending Balance
Reserves deducted from assets in the balance sheet:
Accounts Receivable Allowances	$	3,301	$	2,004	$	1,595	$	6,900

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Income Taxes (Details 5) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Reconciliation of the total amounts of unrecognized tax benefits
Unrecognized Tax Benefit - Beginning of Period	$ 10,437	$ 20,467	$ 14,167
Gross Increases (Decreases) - Tax Positions in a Prior Period	139	(2,464)	(29)
Gross Increases - Tax Positions in a Current Period	1,452	133	6,986
Settlements	(340)	(449)	(533)
Lapse of Statutes of Limitations	(728)	(7,250)	(124)
Unrecognized Tax Benefit - End of Period	$ 10,960	$ 10,437	$ 20,467

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013	Jan. 28, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 92,653	[1]	$ 112,435	$ 92,426
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	67,135		63,697	53,737
Amortization of deferred note expense and debt discount	801		792	708
Deferred income taxes	14,983		(17,618)	9,661
Provision for losses on accounts receivable	(525)		1,325	2,004
Impairment of long-lived assets	2,347		1,396	1,119
Restricted stock and share-based compensation	12,295		10,508	7,660
Provision for discontinued operations	543		796	1,692
Tax benefit of stock options and restricted stock exercised	(3,784)		(4,820)	(4,744)
Other	1,301		1,327	1,005
Effect on cash from changes in working capital and other assets and liabilities, before acquisitions:
Accounts receivable	(3,684)		(5,821)	3,011
Inventories	(58,386)		(61,049)	(42,324)
Prepaids and other current assets	(8,885)		(4,524)	5,286
Accounts payable	19,850		(17,953)	(1,201)
Other accrued liabilities	(10,093)		(6,624)	9,384
Other assets and liabilities	13,448		49,343	5,536
Net cash provided by operating activities	139,999		123,210	144,960
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(98,456)		(71,737)	(49,456)
Acquisitions, net of cash acquired	(13,567)		(23,818)	(92,985)
Proceeds from asset sales	75		81	27
Net cash used in investing activities	(111,948)		(95,474)	(142,414)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of capital leases	(2)		(2)	(22)
Payments of long-term debt	(6,428)		(13,581)	(25,321)
Proceeds from issuance of long-term debt	15,124		0	0
Borrowings under revolving credit facility	402,200		439,600	299,800
Payments on revolving credit facility	(429,900)		(416,900)	(294,800)
Tax benefit of stock options and restricted stock exercised	3,784		4,820	4,744
Shares repurchased	(20,676)		(37,650)	0
Change in overdraft balances	6,025		(2,925)	2,931
Redemption of preferred shares	(1,462)		0	0
Dividends paid on non-redeemable preferred stock	(33)		(147)	(193)
Exercise of stock options and issue shares - Employee Stock Purchase Plan	3,230		4,965	9,820
Other	(1,788)		4	(939)
Net cash used in financing activities	(29,926)		(21,816)	(3,980)
Effect of foreign exchange rate fluctuations on cash	1,527		85	(710)
Net (Decrease) Increase in Cash and Cash Equivalents	(348)		6,005	(2,144)
Cash and cash equivalents at beginning of period	59,795		53,790	55,934
Cash and cash equivalents at end of period	59,447		59,795	53,790
Net cash paid for:
Interest	3,769		4,391	4,789
Income taxes	$ 52,618		$ 81,607	$ 50,254

[1] 53 week period vs. 52 weeks in prior period.

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Statement of Financial Position [Abstract]
Allowances on accounts receivable	$ 4,420	$ 6,082
Accumulated amortization on trademarks	4,312	3,350
Accumulated amortization on other intangibles	$ 20,645	$ 17,220
Common stock, par value (USD per share)	$ 1	$ 1
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	24,407,724	24,484,915
Common stock, shares outstanding	23,919,260	23,996,451
Shares held in treasury	488,464	488,464

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Income Taxes

12 Months Ended

Feb. 01, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The components of earnings from continuing operations before income taxes is comprised of the following:

In thousands	2014		2013		2012
United States	$	152,832	$	152,457	$	139,174
Foreign	6,028		12,375		17,219
Total Earnings from Continuing Operations before Income Taxes	$	158,860	$	164,832	$	156,393

Income tax expense from continuing operations is comprised of the following:

In thousands	2014			2013			2012
Current
U.S. federal	$	35,463		$	50,859		$	42,103
International	7,293			9,853			2,226
State	8,139			8,841			8,952
Total Current Income Tax Expense	50,895			69,553			53,281
Deferred
U.S. federal	14,078			(7,924		)	5,579
International	(1,813		)	(6,379		)	4,370
State	2,718			(3,315		)	(288		)
Total Deferred Income Tax Expense (Benefit)	14,983			(17,618		)	9,661
Total Income Tax Expense – Continuing Operations	$	65,878		$	51,935		$	62,942

Discontinued operations were recorded net of income tax benefit of approximately $(0.2) million, $(0.3) million and $(0.7) million in Fiscal 2014, 2013 and 2012, respectively.

As a result of the exercise of stock options and vesting of restricted stock during Fiscal 2014, 2013 and 2012, the Company realized an additional income tax benefit of approximately $3.8 million, $4.8 million and $4.6 million, respectively. These tax benefits are reflected as an adjustment to additional paid-in capital.

Note 9

Income Taxes, Continued

 Deferred tax assets and liabilities are comprised of the following:

	February 1,			February 2,
In thousands	2014			2013
Identified intangibles	$	(28,468	)	$	(28,076	)
Prepaids	(3,063		)	(2,943		)
Convertible bonds	(3,001		)	(3,001		)
Total deferred tax liabilities	(34,532		)	(34,020		)
Options	448			965
Deferred rent	4,986			5,847
Pensions	4,253			8,321
Expense accruals	15,673			16,766
Uniform capitalization costs	13,750			12,539
Book over tax depreciation	2,839			13,783
Provisions for discontinued operations and restructurings	4,731			4,745
Inventory valuation	2,115			2,015
Tax net operating loss and credit carryforwards	2,396			3,535
Allowances for bad debts and notes	761			1,598
Deferred compensation and restricted stock	6,606			6,382
Other	4,320			3,500
Gross deferred tax assets	62,878			79,996
Deferred tax asset valuation allowance	(3,771		)	(3,541		)
Deferred tax asset net of valuation allowance	59,107			76,455
Net Deferred Tax Assets	$	24,575		$	42,435

The deferred tax balances have been classified in the Consolidated Balance Sheets as follows:

	2014			2013
Net current asset	$	23,089		$	23,725
Net non-current asset	3,342			18,731
Net non-current liability	(1,856		)	(21		)
Net Deferred Tax Assets	$	24,575		$	42,435

Note 9

Income Taxes, Continued

Reconciliation of the United States federal statutory rate to the Company’s effective tax rate from continuing operations is as follows:

	2014		2013		2012
U. S. federal statutory rate of tax	35.00	%	35.00	%	35.00	%
State taxes (net of federal tax benefit)	4.62		3.11		3.62
Foreign rate differential	(1.24	)	(1.98	)	(1.71	)
Change in valuation allowance	0.05		(0.17	)	0.60
Permanent items	2.18		1.85		2.27
Uncertain federal, state and foreign tax positions	0.21		(5.73	)	—
Other	0.65		(0.57	)	0.47
Effective Tax Rate	41.47	%	31.51	%	40.25	%

The provision for income taxes resulted in an effective tax rate for continuing operations of 41.47% for Fiscal 2014, compared with an effective tax rate of 31.51% for Fiscal 2013. The tax rate for Fiscal 2013 was lower primarily due to the reversal of previously recorded charges related to uncertain tax positions due to the expiration of the applicable statutes of limitations and a settlement with a state tax authority more favorable than anticipated related to other uncertain tax positions.

As of February 1, 2014, February 2, 2013 and January 28, 2012, the Company had a federal net operating loss carryforward, which was assumed in one of the prior year acquisitions, of $1.3 million, $1.5 million and $1.6 million, respectively, which expire in fiscal years 2025 through 2030.

As of February 1, 2014, February 2, 2013 and January 28, 2012, the Company had state net operating loss carryforwards of $0.0 million, $0.1 million and $0.1 million, respectively, which expire in fiscal years 2016 through 2031.

As of February 1, 2014, February 2, 2013 and January 28, 2012, the Company had state tax credits of $0.7 million, $0.9 million and $0.6 million, respectively. These credits expire in fiscal years 2014 through 2019.

As of February 1, 2014, February 2, 2013 and January 28, 2012, the Company had foreign tax credits of $0.0 million, $0.0 million and $0.1 million, respectively. These credits will expire in fiscal year 2022.

As of February 1, 2014, February 2, 2013 and January 28, 2012, the Company had foreign net operating losses of $7.5 million, $10.4 million and $28.8 million, respectively, which have no expiration.

As of February 1, 2014, as part of the Schuh acquisition, the Company has provided a valuation allowance of approximately $3.8 million on deferred tax assets associated primarily with foreign net operating losses and foreign fixed assets for which management has determined it is more likely than

Note 9

Income Taxes, Continued

not that the deferred tax assets will not be realized. The $0.3 million net increase in the valuation allowance during Fiscal 2014 from the $3.5 million provided for as of February 2, 2013 determined in

accordance with the Income Tax Topic of the Codification relates to foreign net operating losses arising in Fiscal 2012 and increases in fixed asset-related deferred tax assets that will more likely than not

never be realized. Management believes that it is more likely than not that the remaining deferred tax assets will be fully realized.

As of February 1, 2014, the Company has not provided for withholding or United States federal income taxes on approximately $26.4 million of accumulated undistributed earnings of its foreign subsidiaries as they are considered by management to be permanently reinvested. If these undistributed earnings were not considered to be permanently reinvested, the related U.S. tax liability may be reduced by foreign income taxes paid on those earnings. Because of the complexities involved with the hypothetical tax calculation, a determination of the unrecognized deferred tax liability related to these undistributed earnings is not practicable.

The methodology in the Income Tax Topic of the Codification prescribes that a company should use a more-likely-than-not recognition threshold based on the technical merits of the tax position taken. Tax positions that meet the more-likely-than-not recognition threshold should be measured in order to determine the tax benefit to be recognized in the financial statements.

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for Fiscal 2014, 2013 and 2012.

In thousands	2014			2013			2012
Unrecognized Tax Benefit – Beginning of Period	$	10,437		$	20,467		$	14,167
Gross Increases (Decreases) – Tax Positions in a Prior Period	139			(2,464		)	(29		)
Gross Increases – Tax Positions in a Current Period	1,452			133			6,986
Settlements	(340		)	(449		)	(533		)
Lapse of Statutes of Limitations	(728		)	(7,250		)	(124		)
Unrecognized Tax Benefit – End of Period	$	10,960		$	10,437		$	20,467

The amount of unrecognized tax benefits as of February 1, 2014, February 2, 2013 and January 28, 2012, which would impact the annual effective rate if recognized were $1.3 million, $2.4 million and $12.6 million, respectively. The Company believes it is reasonably possible that there will be a $0.1 million decrease in the gross tax liability for uncertain tax positions within the next 12 months based upon the expiration of statutes of limitation.

The Company recognizes interest expense and penalties related to the above unrecognized tax benefits within income tax expense on the Consolidated Statements of Operations. Related to the uncertain tax benefits noted above, the Company recorded interest and penalties of approximately $(0.1) million

Note 9

Income Taxes, Continued

expense and $(0.1) million, respectively, during Fiscal 2014, $(1.2) million expense and $0.1 million, respectively, during Fiscal 2013 and $0.5 million expense and $0.0 million, respectively, during Fiscal 2012. The Company recognized a liability for accrued interest and penalties of $0.9 million and $0.1 million, respectively, as of February 1, 2014, $1.1 million and $0.2 million, respectively, as of February 2, 2013 and $2.3 million and $0.2 million, respectively, as of January 28, 2012. The long-term portion of the unrecognized tax benefits and related accrued interest and penalties are included in deferred rent and other long-term liabilities on the Consolidated Balance Sheets.

Income tax reserves are determined using the methodology required by the Income Tax Topic of the Codification.

The Company and its subsidiaries file income tax returns in federal and in many state and local jurisdictions as well as foreign jurisdictions. With few exceptions, the Company's U.S. federal and state and local income tax returns for fiscal years ended January 29, 2011 and beyond remain subject to examination. In addition, the Company has subsidiaries in various foreign jurisdictions that have statutes of limitation generally ranging from two to six years.

XML

Business Segment Information (Details Textual) (USD $)	3 Months Ended	12 Months Ended
	Jul. 28, 2011	Feb. 01, 2014		Feb. 02, 2013		Jan. 28, 2012
Segment Reporting Information [Line Items]
Number of reportable business segments		5
Asset impairments and other		$ 1,341,000	[1]	$ 17,037,000	[2]	$ 2,677,000	[3]
Gain on lease termination		8,300,000
Goodwill		288,100,000		273,827,000
Retail Store Asset Impairments [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		2,300,000		1,400,000		1,100,000
Other Legal Matters [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		2,400,000		100,000		900,000
Lease Termination [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		1,600,000
Computer Network Intrusion [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		3,300,000		15,600,000		700,000
Journeys Group [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		0	[1]	0	[2]	0	[3]
Journeys Group [Member] | Retail Store Asset Impairments [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		600,000		400,000		600,000
Schuh Group [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		0	[1]	0	[2]	0	[3]
Goodwill		104,900,000		100,700,000		99,900,000
Increase in goodwill	102,900,000
Goodwill, translation adjustments	3,000,000	4,200,000		800,000
Lids Sports Group [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		0	[1]	0	[2]	0	[3]
Goodwill		182,400,000		172,300,000		159,100,000
Increase in goodwill		10,100,000		13,200,000		6,500,000
Lids Sports Group [Member] | Retail Store Asset Impairments [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		1,400,000		900,000		300,000
Johnston & Murphy Group [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		0	[1]	0	[2]	0	[3]
Johnston & Murphy Group [Member] | Retail Store Asset Impairments [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		300,000		100,000		200,000
Licensed Brands [Member]
Segment Reporting Information [Line Items]
Asset impairments and other		0	[1]	0	[2]	0	[3]
Goodwill		$ 800,000		$ 800,000		$ 800,000

[1] Asset Impairments and other includes a $2.3 million charge for asset impairments, of which $1.4 million is in the Lids Sports Group, $0.6 million is in the Journeys Group and $0.3 million is in the Johnston & Murphy Group, a $3.3 million charge for network intrusion costs, a $2.4 million charge for other legal matters and a $1.6 million charge for a lease termination partially offset by a gain of $(8.3) million for the lease termination of a New York City Journeys store.

[2] Asset Impairments and other includes a $1.4 million charge for asset impairments, of which $0.9 million is in the Lids Sports Group, $0.4 million is in the Journeys Group, and $0.1 million is in the Johnston & Murphy Group, a $15.6 million charge for network intrusion costs and a $0.1 million charge for other legal matters.

[3] Asset Impairments and other includes a $1.1 million charge for asset impairments, of which $0.6 million is in the Journeys Group, $0.3 million is in the Lids Sports Group and $0.2 million is in the Johnston & Murphy Group, a $0.7 million charge for network intrusion costs and a $0.9 million charge for other legal matters.

XML

Legal Proceedings - Loss Contingencies (Details) (USD $) In Millions, unless otherwise specified			3 Months Ended
	Dec. 10, 2010 Claimant	Mar. 07, 2013 Positive Outcome of Litigation [Member]	Feb. 02, 2013 Computer Network Intrusion [Member] Threatened Litigation [Member]
Loss Contingencies [Line Items]
Approximate claims asserted against the company's acquiring bank	$ 15.6
Number of claimants	2
Loss in period			15.4
Gain contingency		$ 13.3

XML

Document and Entity Information (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Mar. 14, 2014	Aug. 03, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	GENESCO INC
Entity Central Index Key	0000018498
Document Type	10-K
Document Period End Date	Feb. 01, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--02-01
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,738
Entity Common Stock, Shares Outstanding		23,923,210

XML

Defined Benefit Pension Plans and Other Postretirement Benefit Plans

12 Months Ended

Feb. 01, 2014

Compensation and Retirement Disclosure [Abstract]

Defined Benefit Pension Plans and Other Benefit Plans

Defined Benefit Pension Plans and Other Postretirement Benefit Plans

Defined Benefit Pension Plans

The Company sponsored a non-contributory, defined benefit pension plan. As of January 1, 1996, the Company amended the plan to change the pension benefit formula to a cash balance formula from the then existing benefit calculation based upon years of service and final average pay. The benefits accrued under the old formula were frozen as of December 31, 1995. Upon retirement, the participant will receive this accrued benefit payable as an annuity. In addition, the participant will receive as a lump sum (or annuity if desired) the amount credited to the participant’s cash balance account under the new formula. Effective January 1, 2005, the Company froze the defined benefit cash balance plan which prevents any new entrants into the plan as of that date as well as affects the amounts credited to the participants’ accounts as discussed below.

Under the cash balance formula, beginning January 1, 1996, the Company credits each participants’ account annually with an amount equal to 4% of the participant’s compensation plus 4% of the participant’s compensation in excess of the Social Security taxable wage base. Beginning December 31, 1996 and annually thereafter, the account balance of each active participant was credited with 7% interest calculated on the sum of the balance as of the beginning of the plan year and 50% of the amounts credited to the account, other than interest, for the plan year. The account balance of each participant who was inactive would be credited with interest at the lesser of 7% or the 30 year Treasury rate. Under the frozen plan, each participants’ cash balance plan account will be credited annually only with interest at the 30 year Treasury rate, not to exceed 7%, until the participant retires. The amount credited each year will be based on the rate at the end of the prior year.

Note 10

Defined Benefit Pension Plans and Other Postretirement Benefit Plans, Continued

Other Postretirement Benefit Plans

The Company provides health care benefits for early retirees and life insurance benefits for certain retirees not covered by collective bargaining agreements. Under the health care plan, early retirees are eligible for benefits until age 65. Employees who meet certain requirements are eligible for life insurance benefits upon retirement. The Company accrues such benefits during the period in which the employee renders service.

Obligations and Funded Status

Change in Benefit Obligation

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Benefit obligation at beginning of year	$	119,126		$	118,644		$	4,487		$	3,908
Service cost	350			350			428			356
Interest cost	4,584			4,961			159			157
Plan participants’ contributions	—			—			86			74
Benefits paid	(9,000		)	(9,038		)	(436		)	(221		)
Actuarial (gain) loss	(3,927		)	4,209			990			213
Benefit Obligation at End of Year	$	111,133		$	119,126		$	5,714		$	4,487

Change in Plan Assets

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Fair value of plan assets at beginning of year	$	98,612		$	96,443		—			—
Actual gain on plan assets	12,298			11,207			—			—
Employer contributions	—			—			350			147
Plan participants’ contributions	—			—			86			74
Benefits paid	(9,000		)	(9,038		)	(436		)	(221		)
Fair Value of Plan Assets at End of Year	$	101,910		$	98,612		—			—
Funded Status at End of Year	$	(9,223	)	$	(20,514	)	$	(5,714	)	$	(4,487	)

Amounts recognized in the Consolidated Balance Sheets consist of:

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Noncurrent assets	$	—		$	—		$	—		$	—
Current liabilities	—			—			(208		)	(160		)
Noncurrent liabilities	(9,223		)	(20,514		)	(5,506		)	(4,327		)
Net Amount Recognized	$	(9,223	)	$	(20,514	)	$	(5,714	)	$	(4,487	)

Note 10

Defined Benefit Pension Plans and Other Postretirement Benefit Plans, Continued

Amounts recognized in accumulated other comprehensive income consist of:

	Pension Benefits				Other Benefits
In thousands	2014		2013		2014		2013
Prior service cost	$	—	$	—	$	—	$	—
Net loss	27,147		42,879		1,459		566
Total Recognized in Accumulated Other Comprehensive Loss	$	27,147	$	42,879	$	1,459	$	566

Amounts for projected and accumulated benefit obligation and fair value of plan assets are as follows:

In thousands	February 1, 2014		February 2, 2013
Projected benefit obligation	$	111,133	$	119,126
Accumulated benefit obligation	111,133		119,126
Fair value of plan assets	101,910		98,612

Components of Net Periodic Benefit Cost

Net Periodic Benefit Cost

	Pension Benefits									Other Benefits
In thousands	2014			2013			2012			2014		2013		2012
Service cost	$	350		$	350		$	250		$	428	$	356	$	166
Interest cost	4,584			4,961			5,597			159		157		174
Expected return on plan assets	(6,654		)	(7,003		)	(7,807		)	—		—		—
Amortization:
Prior service cost	—			4			4			—		—		—
Losses	6,160			6,032			4,728			97		84		79
Net amortization	$	6,160		$	6,036		$	4,732		$	97	$	84	$	79
Net Periodic Benefit Cost	$	4,440		$	4,344		$	2,772		$	684	$	597	$	419

Reconciliation of Accumulated Other Comprehensive Income

	Pension Benefits			Other Benefits
In thousands	2014			2014
Net loss (gain)	$	(9,571	)	$	990
Amortization of prior service cost	—			—
Amortization of net actuarial loss	(6,160		)	(97		)
Total Recognized in Other Comprehensive Income	$	(15,731	)	$	893
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$	(11,291	)	$	1,577

Note 10

Defined Benefit Pension Plans and Other Postretirement Benefit Plans, Continued

The estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year

are $3.9 million and $0.0, respectively. The estimated net loss for the other postretirement benefit plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $0.1 million.

Weighted-average assumptions used to determine benefit obligations

	Pension Benefits				Other Benefits
	2014		2013		2014		2013
Discount rate	4.40	%	4.00	%	4.40	%	4.01	%
Rate of compensation increase	NA		NA		—		—

For Fiscal 2014 and 2013, the discount rate was based on a yield curve of high quality corporate bonds with cash flows matching the Company’s planned expected benefit payments.

Weighted-average assumptions used to determine net periodic benefit costs

	Pension Benefits						Other Benefits
	2014		2013		2012		2014		2013		2012
Discount rate	4.00	%	4.35	%	5.25	%	4.01	%	4.17	%	5.25	%
Expected long-term rate of return on plan assets	7.75	%	7.75	%	8.25	%	—		—		—
Rate of compensation increase	NA		NA		NA		—		—		—

The weighted average discount rate used to measure the benefit obligation for the pension plan increased from 4.00% to 4.40% from Fiscal 2013 to Fiscal 2014. The increase in the rate decreased the accumulated benefit obligation by $3.9 million and decreased the projected benefit obligation by $3.9 million. The weighted average discount rate used to measure the benefit obligation for the pension plan decreased from 4.35% to 4.00% from Fiscal 2012 to Fiscal 2013. The decrease in the rate increased the accumulated benefit obligation by $4.3 million and increased the projected benefit obligation by $4.3 million.

To develop the expected long-term rate of return on assets assumption, the Company considered historical asset returns, the current asset allocation and future expectations. Considering this information, the Company selected a 7.75% long-term rate of return on assets assumption.

Assumed health care cost trend rates

	2014		2013
Health care cost trend rate assumed for next year	8.0	%	7.0	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5	%	5	%
Year that the rate reaches the ultimate trend rate	2019		2017

Note 10

Defined Benefit Pension Plans and Other Postretirement Benefit Plans, Continued

The effect on disclosed information of one percentage point change in the assumed health care cost trend rate for each future year is shown below.

In thousands	1% Increase in Rates		1% Decrease in Rates
Aggregated service and interest cost	$	134	$	106
Accumulated postretirement benefit obligation	$	626	$	735

Plan Assets

The Company’s pension plan weighted average asset allocations as of February 1, 2014 and February 2, 2013, by asset category are as follows:

	Plan Assets
	February 1, 2014		February 2, 2013
Asset Category
Equity securities	65	%	66	%
Debt securities	35	%	34	%
Other	0	%	0	%
Total	100	%	100	%

The investment strategy of the Trust is to ensure over the long-term an asset pool, that when combined with Company contributions, will support benefit obligations to participants, retirees and beneficiaries. Investment management responsibilities of plan assets are delegated to outside investment advisers and overseen by an Investment Committee comprised of members of the Company’s senior management that are appointed by the Board of Directors. The Company has an investment policy that provides direction on the implementation of this strategy.

The investment policy establishes a target allocation for each asset class and investment manager. The actual asset allocation versus the established target is reviewed at least quarterly and is maintained within a +/- 5% range of the target asset allocation. Target allocations are 50% domestic equity, 13% international equity, 35% fixed income and 2% cash investments.

All investments are made solely in the interest of the participants and beneficiaries for the exclusive purposes of providing benefits to such participants and their beneficiaries and defraying the expenses related to administering the Trust as determined by the Investment Committee. All assets shall be properly diversified to reduce the potential of a single security or single sector of securities having a disproportionate impact on the portfolio.

The Committee utilizes an outside investment consultant and investment managers to implement its various investment strategies. Performance of the managers is reviewed quarterly and the investment objectives are consistently evaluated.

Note 10

Defined Benefit Pension Plans and Other Postretirement Benefit Plans, Continued

At February 1, 2014 and February 2, 2013, there were no Company related assets in the plan.

Generally, quoted market prices are used to value pension plan assets. Equities, some fixed income securities, publicly traded investment funds and U.S. government obligations are valued at the closing price reported on the active market on which the individual security is traded.

The following tables present the pension plan assets by level within the fair value hierarchy as of February 1, 2014 and February 2, 2013. 

February 1, 2014	Level 1			Level 2		Level 3		Total
Equity Securities:
International securities	$	13,026		$	—	$	—	$	13,026
U.S. securities	53,187			—		—		53,187
Fixed Income Securities	35,481			—		—		35,481
Other:
Cash Equivalents	235			—		—		235
Other (includes receivables and payables)	(19		)	—		—		(19		)
Total Pension Plan Assets	$	101,910		$	—	$	—	$	101,910

February 2, 2013	Level 1			Level 2		Level 3		Total
Equity Securities:
International securities	$	13,757		$	—	$	—	$	13,757
U.S. securities	51,011			—		—		51,011
Fixed Income Securities	33,633			—		—		33,633
Other:
Cash Equivalents	235			—		—		235
Other (includes receivables and payables)	(24		)	—		—		(24		)
Total Pension Plan Assets	$	98,612		$	—	$	—	$	98,612

Cash Flows

Return of Assets

There was no return of assets from the plan to the Company in Fiscal 2014 and no plan assets are projected to be returned to the Company in Fiscal 2015.

Contributions

There was no Employee Retirement Income Security Act ("ERISA") cash requirement for the plan in 2013 and none is projected to be required in 2014. It is the Company’s policy to contribute enough cash to maintain at least an 80% funding level.

Note 10

Defined Benefit Pension Plans and Other Postretirement Benefit Plans, Continued

Estimated Future Benefit Payments

Expected benefit payments from the trust, including future service and pay, are as follows:

Estimated future payments	Pension Benefits ($ in millions)		Other Benefits ($ in millions)
2014	$	8.7	$	0.2
2015	8.5		0.2
2016	8.3		0.2
2017	8.1		0.3
2018	8.0		0.3
2019 – 2023	36.7		1.8

Section 401(k) Savings Plan

The Company has a Section 401(k) Savings Plan available to employees who have completed one full year of service and are age 21 or older.

Since January 1, 2005, the Company has matched 100% of each employee’s contribution of up to 3% of salary and 50% of the next 2% of salary. In addition, for those employees hired before December 31, 2004, who were eligible for the Company’s cash balance retirement plan before it was frozen, the Company annually makes an additional contribution of 2 1/2 % of salary to each employee’s account. In calendar 2005 and future years, participants are immediately vested in their contributions and the Company’s matching contribution plus actual earnings thereon. The contribution expense to the Company for the matching program was approximately $5.0 million for Fiscal 2014, $5.3 million for Fiscal 2013 and $4.2 million for Fiscal 2012.

XML

Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 10)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	100.00%	100.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	65.00%	66.00%
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	35.00%	34.00%
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	0.00%	0.00%

XML

Legal Proceedings (Details) (USD $)	0 Months Ended	12 Months Ended
	Dec. 14, 2007	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Commitments and Contingencies Disclosure [Abstract]
Minimum estimated undiscounted costs of preparing RIFS for remedial alternatives		$ 0
Maximum estimated undiscounted costs of preparing RIFS for remedial alternatives		24,000,000
Present worth for remedy of a combination of groundwater extraction and treatment and in-site chemical oxidation		10,700,000
Minimum historical cost associated with enhanced treatment required by the impact of groundwater plume		1,800,000
Maximum historical cost associated with enhanced treatment required by the impact of groundwater plume		2,500,000
Future operation and maintenance costs		126,400
Minimum amount of complaint under number of state law theories	41,000,000
Period of complaint under number of state law theories	70 years
Amount related to outstanding environmental contingencies		11,900,000	11,900,000	13,000,000
Pretax accruals for environmental contingencies included in provision for discontinued operations		$ 500,000	$ 800,000	$ 1,800,000

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Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013		Jan. 28, 2012
Income Statement [Abstract]
Net sales	$ 2,624,972	[1]	$ 2,604,817		$ 2,291,987
Cost of sales	1,325,922		1,306,200		1,143,632
Selling and administrative expenses	1,134,274		1,111,717		984,193
Asset impairments and other, net	1,341	[2]	17,037	[3]	2,677	[4]
Earnings from operations	163,435		169,863		161,485
Interest expense, net:
Interest expense	4,641		5,126		5,157
Interest income	(66)		(95)		(65)
Total interest expense, net	4,575		5,031		5,092
Earnings from continuing operations before income taxes	158,860	[1]	164,832		156,393
Income tax expense	65,878		51,935		62,942
Earnings from continuing operations	92,982	[1]	112,897		93,451
Provision for discontinued operations, net	(329)		(462)		(1,025)
Net Earnings	$ 92,653	[1]	$ 112,435		$ 92,426
Basic earnings per common share:
Continuing operations (USD per share)	$ 3.99		$ 4.78		$ 3.89
Discontinued operations (USD per share)	$ (0.01)		$ (0.02)		$ (0.05)
Net earnings (USD per share)	$ 3.98		$ 4.76		$ 3.84
Diluted earnings per common share:
Continuing operations (USD per share)	$ 3.94	[1]	$ 4.69		$ 3.83
Discontinued operations (USD per share)	$ (0.02)		$ (0.01)		$ (0.04)
Net earnings (USD per share)	$ 3.92	[1]	$ 4.68		$ 3.79

[1] 53 week period vs. 52 weeks in prior period.

[2] Asset Impairments and other includes a $2.3 million charge for asset impairments, of which $1.4 million is in the Lids Sports Group, $0.6 million is in the Journeys Group and $0.3 million is in the Johnston & Murphy Group, a $3.3 million charge for network intrusion costs, a $2.4 million charge for other legal matters and a $1.6 million charge for a lease termination partially offset by a gain of $(8.3) million for the lease termination of a New York City Journeys store.

[3] Asset Impairments and other includes a $1.4 million charge for asset impairments, of which $0.9 million is in the Lids Sports Group, $0.4 million is in the Journeys Group, and $0.1 million is in the Johnston & Murphy Group, a $15.6 million charge for network intrusion costs and a $0.1 million charge for other legal matters.

[4] Asset Impairments and other includes a $1.1 million charge for asset impairments, of which $0.6 million is in the Journeys Group, $0.3 million is in the Lids Sports Group and $0.2 million is in the Johnston & Murphy Group, a $0.7 million charge for network intrusion costs and a $0.9 million charge for other legal matters.

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Inventories

12 Months Ended

Feb. 01, 2014

Inventory Disclosure [Abstract]

Inventories

Inventories

In thousands	February 1, 2014		February 2, 2013
Raw materials	$	26,115	$	24,223
Wholesale finished goods	64,357		57,161
Retail merchandise	476,789		423,960
Total Inventories	$	567,261	505,344

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Asset Impairments and Other Charges and Discontinued Operations

12 Months Ended

Feb. 01, 2014

Asset Impairments and Other Charges and Discontinued Operations [Abstract]

Asset Impairments and Other Charges and Discontinued Operations

Asset Impairments and Other Charges and Discontinued Operations

Asset Impairments and Other Charges

In accordance with Company policy, assets are determined to be impaired when the revised estimated future cash flows are insufficient to recover the carrying costs. Impairment charges represent the excess of the carrying value over the fair value of those assets.

Asset impairment charges are reflected as a reduction of the net carrying value of property and equipment, and in asset impairment and other, net in the accompanying Consolidated Statements of Operations.

The Company recorded a pretax charge to earnings of $1.3 million in Fiscal 2014, including $3.3 million for network intrusion expenses, $2.4 million for other legal matters, $2.3 million for retail store asset impairments and $1.6 million for a lease termination offset by an $(8.3) million gain on the lease termination of a New York City Journeys store.

The Company recorded a pretax charge to earnings of $17.0 million in Fiscal 2013, including $15.6 million for network intrusion expenses, $1.4 million for retail store asset impairments and $0.1 million for other legal matters.

The Company recorded a pretax charge to earnings of $2.7 million in Fiscal 2012, including $1.1 million for retail store asset impairments, $0.9 million for other legal matters and $0.7 million for network intrusion expenses.

Discontinued Operations

In Fiscal 2014, the Company recorded an additional charge to earnings of $0.5 million ($0.3 million net of tax) reflected in discontinued operations, primarily for anticipated costs of environmental remedial alternatives related to former facilities operated by the Company (see Note 13).

In Fiscal 2013, the Company recorded an additional charge to earnings of $0.8 million ($0.5 million net of tax) reflected in discontinued operations, primarily for anticipated costs of environmental remedial alternatives related to former facilities operated by the Company (see Note 13).

In Fiscal 2012, the Company recorded an additional charge to earnings of $1.7 million ($1.0 million net of tax) reflected in discontinued operations, including $1.8 million primarily for anticipated costs of environmental remedial alternatives related to former facilities operated by the Company, offset by a $0.1 million gain for excess provisions to prior discontinued operations (see Note 13).

Note 3

Asset Impairments and Other Charges and Discontinued Operations, Continued

Accrued Provision for Discontinued Operations
In thousands	Facility Shutdown Costs
Balance January 29, 2011	$	15,035
Additional provision Fiscal 2012	1,692
Charges and adjustments, net	(4,210		)
Balance January 28, 2012	12,517
Additional provision Fiscal 2013	796
Charges and adjustments, net	(1,962		)
Balance February 2, 2013	11,351
Additional provision Fiscal 2014	543
Charges and adjustments, net	(519		)
Balance February 1, 2014*	11,375
Current provision for discontinued operations	7,263
Total Noncurrent Provision forDiscontinued Operations	$	4,112

*Includes a $11.9 million environmental provision, including $7.8 million in current provision for discontinued operations.

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Quarterly Financial Information (Unaudited)

12 Months Ended

Feb. 01, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

(In thousands,	1st Quarter						2nd Quarter						3rd Quarter						4th Quarter						Fiscal Year
except per share amounts)	2014			2013			2014			2013			2014			2013			2014(a)			2013			2014(b)		2013
Net sales	$	591,388		$	600,144		$	574,746		$	543,522		$	666,332		$	664,458		$	792,506		$	796,693		$	2,624,972	$	2,604,817
Gross margin	298,437			306,906			282,808			273,059			332,161			334,412			385,644			384,240			1,299,050		1,298,617
Earnings from continuing operations before income taxes	24,685		(1)	35,886		(3)	14,388		(5)	14,638		(7)	45,789		(8)	52,907		(9)	73,998		(11)	61,401		(13)	158,860		164,832
Earnings from continuing operations	14,509			21,754			8,465			10,009			27,796			42,221			42,212			38,913			92,982		112,897
Net earnings	14,410		(2)	21,577		(4)	8,340		(6)	9,968			27,750			42,127		(10)	42,153		(12)	38,763		(14)	92,653		112,435
Diluted earnings per common share:
Continuing operations	0.61			0.88			0.36			0.41			1.18			1.76			1.79			1.64			3.94		4.69
Net earnings	0.61			0.87			0.35			0.40			1.18			1.76			1.79			1.63			3.92		4.68

(1) Includes a net asset impairment and other charge of $1.3 million (see Note 3). (a) 13 week period vs. 14

(2) Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3). weeks in prior period.

(3) Includes a net asset impairment and other charge of $0.1 million (see Note 3). (b) 52 week period vs. 53

(4) Includes a loss of $0.2 million, net of tax, from discontinued operations (see Note 3). weeks in prior period.

(5) Includes a net asset impairment and other credit of $(7.1) million (see Note 3).

(6) Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3).

(7) Includes a net asset impairment and other charge of $0.4 million (see Note 3).

(8) Includes a net asset impairment and other charge of $1.5 million (see Note 3).

(9) Includes a net asset impairment and other charge of $0.4 million (see Note 3).

(10) Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3).

(11) Includes a net asset impairment and other charge of $5.6 million (see Note 3).

(12) Includes a loss of $0.1 million, net of tax, from discontinued operations (see Note 3).

(13) Includes a net asset impairment and other charge of $16.1 million (see Note 3).

(14) Includes a loss of $0.2 million, net of tax, from discontinued operations (see Note 3).

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Earnings Per Share

12 Months Ended

Feb. 01, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

	For the Year Ended February 1, 2014						For the Year Ended February 2, 2013						For the Year Ended January 28, 2012
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per-Share Amount		Income (Numerator)			Shares (Denominator)	Per-Share Amount		Income (Numerator)			Shares (Denominator)	Per-Share Amount
Earnings from continuing operations	$	92,982					$	112,897					$	93,451
Less: Preferred stock dividends and income from participating securities	(33		)				(147		)				(3,338		)
Basic EPS from continuing operations
Income from continuing operations available to common shareholders	92,949			23,297	$	3.99	112,750			23,584	$	4.78	90,113			23,179	$	3.89
Effect of Dilutive Securities from continuing operations
Plus: Income from participating securities	—						—						43
Options and restricted stock				272						372						283
Convertible preferred stock(1)	—			—			88			34			141			55
Employees’ preferred stock(2)				46						47						48
Diluted EPS from continuing operations
Income from continuing operations available to common shareholders plus assumed conversions	$	92,949		23,615	$	3.94	$	112,838		24,037	$	4.69	$	90,297		23,565	$	3.83

(1) As a result of the Company issuing a notice of mandatory redemption to the holders of Series 1, 3 and 4 preferred stock in the first quarter of Fiscal 2014, there were no remaining convertible preferred stock of that series outstanding as of February 1, 2014. Therefore, convertible preferred stocks were not included in diluted earnings per share for Fiscal 2014. The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was less than basic earnings per share for Series 1, 3 and 4 preferred stocks for Fiscal 2013 and 2012. Therefore, conversion of these convertible preferred stocks were included in diluted earnings per share for Fiscal 2013 and 2012.

(2) The Company’s Employees’ Subordinated Convertible Preferred Stock is convertible one for one to the Company’s common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted.

All outstanding options to purchase shares of common stock at the end of Fiscal 2014, 2013 and 2012 were included in the computation of diluted earnings per share because the options’ exercise prices were less than the average market price of the common shares.

The weighted shares outstanding reflects the effect of stock buy back programs. The Company repurchased 337,665 shares at a cost of $20.7 million during Fiscal 2014. The Company has $65.5 million remaining under its current $75.0 million share repurchase authorization. The Company repurchased 645,904 shares at a cost of $37.7 million during Fiscal 2013. The Company did not repurchase any shares during Fiscal 2012.

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Earnings Per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended									12 Months Ended
	Feb. 01, 2014		Nov. 02, 2013	Aug. 03, 2013	May 04, 2013	Feb. 02, 2013	Oct. 27, 2012	Jul. 28, 2012	Apr. 28, 2012	Feb. 01, 2014		Feb. 02, 2013		Jan. 28, 2012
Summary of basic and diluted earnings per share
Earnings from continuing operations, Income (Numerator)										$ 92,982		$ 112,897		$ 93,451
Less: Preferred stock dividends and income from participating securities, Income (Numerator)										(33)		(147)		(3,338)
Basic EPS
Income from continuing operations available to common shareholders, Income (Numerator)										92,949		112,750		90,113
Income from continuing operations available to common shareholders, Shares (Denominator)										23,297,000		23,584,000		23,179,000
Income from continuing operations available to common shareholders (USD per share)										$ 3.99		$ 4.78		$ 3.89
Effect of Dilutive Securities
Plus: Income from participating securities, Income (Numerator)										0		0		43
Options and restricted stock, Shares (Denominator)										272,000		372,000		283,000
Convertible preferred stock, Income (Numerator)										0	[1]	88	[1]	141	[1]
Convertible preferred stock, Shares (Denominator)										0	[1]	34,000	[1]	55,000	[1]
Employees' preferred stock, Shares (Denominator)										46,000	[2]	47,000	[2]	48,000	[2]
Diluted EPS from continuing operations
Income from continuing operations available to common shareholders plus assumed conversions, Income (Numerator)										$ 92,949		$ 112,838		$ 90,297
Income from continuing operations available to common shareholders plus assumed conversions, Shares (Denominator)										23,615,000		24,037,000		23,565,000
Continuing operations (USD per share)	$ 1.79	[3]	$ 1.18	$ 0.36	$ 0.61	$ 1.64	$ 1.76	$ 0.41	$ 0.88	$ 3.94	[4]	$ 4.69		$ 3.83
Common convertible ratio	1									1

[1] As a result of the Company issuing a notice of mandatory redemption to the holders of Series 1, 3 and 4 preferred stock in the first quarter of Fiscal 2014, there were no remaining convertible preferred stock of that series outstanding as of February 1, 2014. Therefore, convertible preferred stocks were not included in diluted earnings per share for Fiscal 2014. The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was less than basic earnings per share for Series 1, 3 and 4 preferred stocks for Fiscal 2013 and 2012. Therefore, conversion of these convertible preferred stocks were included in diluted earnings per share for Fiscal 2013 and 2012.

[2] The Company’s Employees’ Subordinated Convertible Preferred Stock is convertible one for one to the Company’s common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted.

[3] 14 week period vs. 13 weeks in prior period.

[4] 53 week period vs. 52 weeks in prior period.

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Commitments Under Long-Term Leases

12 Months Ended

Feb. 01, 2014

Leases [Abstract]

Commitments Under Long-Term Leases

Commitments Under Long-Term Leases

Operating Leases

The Company leases its office space and all of its retail store locations and transportation equipment under various noncancelable operating leases. The leases have varying terms and expire at various dates through 2030. The store leases in the United States, Puerto Rico and Canada typically have initial terms of approximately 10 years. The stores leases in the United Kingdom and the Republic of Ireland typically have initial terms of between 10 and 20 years. Generally, most of the leases require the Company to pay taxes, insurance, maintenance costs and contingent rentals based on sales. Approximately 3% of the Company’s leases contain renewal options.

Rental expense under operating leases of continuing operations was:

In thousands	2014			2013			2012
Minimum rentals	$	227,880		$	215,516		$	192,175
Contingent rentals	9,667			14,786			12,918
Sublease rentals	(663		)	(667		)	(686		)
Total Rental Expense	$	236,884		$	229,635		$	204,407

Minimum rental commitments payable in future years are:

Fiscal Years	In thousands
2015	$	235,049
2016	216,870
2017	188,714
2018	157,295
2019	126,726
Later years	381,825
Total Minimum Rental Commitments	$	1,306,479

For leases that contain predetermined fixed escalations of the minimum rentals, the related rental expense is recognized on a straight-line basis and the cumulative expense recognized on the straight-line basis in excess of the cumulative payments is included in deferred rent and other long-term liabilities on the Consolidated Balance Sheets. The Company occasionally receives reimbursements from landlords to be used towards construction of the store the Company intends to lease. Leasehold improvements are recorded at their gross costs including items reimbursed by landlords. The reimbursements are recorded as deferred rent and amortized as a reduction of rent expense over the initial lease term. Tenant allowances of $24.2 million and $20.0 million for Fiscal 2014 and 2013, respectively, and deferred rent of $41.6 million and $37.9 million for Fiscal 2014 and 2013, respectively, are included in deferred rent and other long-term liabilities on the Consolidated Balance Sheets.

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Equity (Details 1) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013		Jan. 28, 2012
Preferred stock transactions
Preferred Stock, Value, Issued, Beginning Balance	$ 3,924	[1]	$ 4,957	[1]	$ 5,183
Preferred stock redemptions	(1,462)
Other preferred stock value	(1,157)		(1,033)		(226)
Preferred Stock, Value, Issued, Ending Balance	1,305	[1]	3,924	[1]	4,957	[1]
Non-Redeemable Preferred Stock [Member]
Preferred stock transactions
Preferred Stock, Value, Issued, Beginning Balance	2,615	[1]	3,621	[1]	3,816
Preferred stock redemptions	(1,462)
Other preferred stock value	(1,153)		(1,006)		(195)
Preferred Stock, Value, Issued, Ending Balance	0	[1]	2,615	[1]	3,621	[1]
Non-Redeemable Employees Preferred Stock [Member]
Preferred stock transactions
Preferred Stock, Value, Issued, Beginning Balance	1,405		1,437		1,476
Preferred stock redemptions	0
Other preferred stock value	(23)		(32)		(39)
Preferred Stock, Value, Issued, Ending Balance	1,382		1,405		1,437
Employees' Preferred Stock Purchase Accounts [Member]
Preferred stock transactions
Preferred Stock, Value, Issued, Beginning Balance	(96)	[1]	(101)	[1]	(109)
Preferred stock redemptions	0
Other preferred stock value	19		5		8
Preferred Stock, Value, Issued, Ending Balance	$ (77)	[1]	$ (96)	[1]	$ (101)	[1]

[1] In order of preference for liquidation and dividends.

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Fair Value

12 Months Ended

Feb. 01, 2014

Fair Value Disclosures [Abstract]

Fair Value

Fair Value

The Fair Value Measurements and Disclosures Topic of the Codification defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value measurements. This Topic defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. It also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

The following table presents the Company’s assets and liabilities measured at fair value on a nonrecurring basis as of February 1, 2014 aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):

	Long-Lived Assets Held and Used		Level 1		Level 2		Level 3		Impairment Charges
Measured as of May 4, 2013	$	191	$	—	$	—	$	191	$	1,208
Measured as of August 3, 2013	93		—		—		93		209
Measured as of November 2, 2013	514		—		—		514		350
Measured as of February 1, 2014	448		—		—		448		580
Total Asset Impairment Fiscal 2014									$	2,347

In accordance with the Property, Plant and Equipment Topic of the Codification, the Company recorded $2.3 million of impairment charges as a result of the fair value measurement of its long-lived assets held and used and tested on a nonrecurring basis during the twelve months ended February1, 2014. These charges are reflected in asset impairments and other, net on the Consolidated Statements of Operations.

The Company used a discounted cash flow model to estimate the fair value of these long-lived assets. Discount rate and growth rate assumptions are derived from current economic conditions, expectations of management and projected trends of current operating results. As a result, the Company has determined that the majority of the inputs used to value its long-lived assets held and used are unobservable inputs that fall within Level 3 of the fair value hierarchy.

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Long-Term Debt

12 Months Ended

Feb. 01, 2014

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

In thousands	February 1, 2014		February 2, 2013
Revolver borrowings	$	—	$	27,700
UK term loans	33,730		22,982
Total long-term debt	33,730		50,682
Current portion	6,793		5,675
Total Noncurrent Portion of Long-Term Debt	$	26,937	$	45,007

Long-term debt maturing during each of the next five years ending in January each year is $6.8 million, $14.4 million, $2.1 million, $2.1 million and $2.1 million, respectively, and $6.2 million thereafter.

The Company did not have any revolver borrowings outstanding under the Credit Facility at February 1, 2014 and had $33.7 million in term loans outstanding under the U.K. Credit Facilities (described below) at February 1, 2014. The Company had outstanding letters of credit of $14.5 million under the Credit Facility at February 1, 2014. These letters of credit support product purchases and lease and insurance indemnifications.

Credit Facility:

On January 31, 2014, the Company entered into a Third Amended and Restated Credit Agreement (the “Credit Facility”) by and among the Company, certain subsidiaries of the Company party thereto, as other borrowers, the lenders party thereto and Bank of America, N.A., as agent (the "Agent"). The Credit Facility provides revolving credit in the aggregate principal amount of $400.0 million and replaces the previous $375.0 million revolving credit facility. The Credit Facility expires January 31, 2019.

Deferred financing costs incurred of $1.6 million related to the Credit Facility were capitalized and are being amortized over five years. In addition, the remaining deferred financing costs of $1.5 million related to the previous Amendment are being amortized over five years. These costs are included in other non-current assets on the Consolidated Balance Sheets.

The material terms of the Credit Facility are as follows:

Availability

The Credit Facility is a revolving credit facility in the aggregate principal amount of $400.0 million, including a $70.0 million sublimit for the issuance of letters of credit and a domestic swingline subfacility of up to $40.0 million, a revolving credit subfacility for the benefit of GCO Canada, Inc. in an aggregate amount not to exceed $25.0 million, which includes a $5.0 million sublimit for the issuance of letters of credit, and revolving credit subfacility for the benefit of Genesco (UK) Limited in an aggregate amount not to exceed $50.0 million, which includes a $10.0 million sublimit for the issuance of letters of credit and a swingline subfacility of up to $10.0 million. The facility has a five-year term. Any

Note 6

Long-Term Debt, Continued

swingline loans and any letters of credit and borrowings under the Canadian facilities and UK facilities will reduce the availability under the Credit Facility on a dollar-for-dollar basis.

The Company has the option, from time to time, to increase the availability under the Credit Facility by an aggregate amount of up to $150.0 million subject to, among other things, the receipt of commitments for the increased amount. In connection with this increased facility, the Canadian revolving credit facility may be increased up to no more than $40.0 million.

Genesco (UK) Limited has a one-time option to increase the availability of its subfacility under the Credit Facility by an additional amount of up to $50.0 million.

The aggregate amount of the loans made and letters of credit issued under the Credit Facility shall at no time exceed the lesser of the facility amount ($400.0 million or, if increased as described above, up to $550.0 million or $600.0 million, respectively) or the "Borrowing Base", which generally is based on 90% of eligible inventory plus 85% of eligible wholesale receivables (50% of eligible wholesale receivables of the Lids Team Sports business) plus 90% of eligible credit card and debit card receivables less applicable reserves (the "Loan Cap"). The relevant assets of Genesco (UK) Limited will be included in the Borrowing Base if the additional $50.0 million sublimit increase is exercised, provided that amounts borrowed by Genesco (UK) Limited based solely on its own borrowing base will be limited to $50.0 million and the total outstanding to Genesco (UK) Limited will not exceed 30% of the Loan Cap.

The Credit Facility also provides that a first-in, last-out tranche could be added to the revolving credit facility at the option of the Company subject to, among other things, the receipt of commitments for such tranche.

Collateral

The loans and other obligations under the Credit Facility are secured by a perfected first priority lien and security interest in all tangible and intangible assets and excludes real estate and leaseholds of the Company and certain subsidiaries of the Company, including a pledge of 65% of the Company's interest in Genesco (UK) Limited. The assets of Genesco (UK) Limited will not be pledged as collateral unless the additional $50.0 million sublimit increase is exercised and once pledged, will only serve to secure the obligations of GCO Canada, Inc. and Genesco (UK) Limited and their respective subsidiaries.

Interest and Fees

The Company’s borrowings under the Credit Facility bear interest at varying rates that, at the Company’s option, can be based on:

Domestic Facility:

(a) LIBOR plus the applicable margin (as defined and based on average Excess Availability during the prior quarter), or (b) the domestic Base Rate (defined as the higher of (i) the Bank of America prime rate, (ii) the federal funds rate plus 0.50% or (iii) LIBOR for an interest period of thirty days plus 1.0%) plus the applicable margin.

Note 6

Long-Term Debt, Continued

Canadian Sub-Facility:

(a) For loans made in Canadian dollars, the bankers’ acceptances (“BA”) rate plus the applicable margin, or (b) the Canadian Prime Rate (defined as the highest of the (i) Bank of America Canadian Prime Rate, (ii) the Bank of America (Canada Branch) overnight rate plus 0.50%, and (iii) the BA rate for a one month interest period plus 1.0%) plus the applicable margin.

(a) For loans made in U.S. dollars, LIBOR plus the applicable margin, or (b) the U.S. Index Rate (defined as the highest of the (i) Bank of America (Canada branch) U.S. dollar base rate, (ii) the Federal Funds rate plus 0.50%, and (iii) LIBOR for an interest period of thirty days plus 1.0%) plus the applicable margin.

UK Sub-Facility:

LIBOR plus the applicable margin.

Swingline Loans:

Domestic swingline loans - domestic Base Rate plus the applicable margin.

UK swingline loans - UK Base Rate (being the "base rate" of the local Bank of America branch in the jurisdiction of the currency chosen) plus the applicable margin.

The initial applicable margin for Base Rate loans and U.S. Index rate loans and Canadian Prime Rate loans is 0.50% and the initial applicable margin for LIBOR loans, BA equivalent loans and UK swingline loans is 1.50%. Thereafter, the applicable margin will be subject to adjustment based on “Excess Availability” for the prior quarter. The term “Excess Availability” means, as of any given date, the excess (if any) of the Loan Cap (being the lesser of the total commitments and the Borrowing Base) over the outstanding credit extensions under the Credit Facility.

Interest on the Company’s borrowings is payable monthly in arrears for domestic Base Rate loans (including domestic swingline loans), U.S. Index rate loans, Canadian Prime Rate loans and UK swingline loans and at the end of each interest rate period (but not less often than quarterly) for LIBOR loans and BA equivalent loans.

The Company is also required to pay a commitment fee on the actual daily unused portions of the Credit Facility at a rate of  0.25% per annum.

Currency

Loans to GCO Canada, Inc. may be made in U.S. dollars or Canadian dollars. Loans to Genesco (UK) Limited may be made in U.S. dollars, Euros, Pounds Sterling or any other freely transferable currencies approved by the Agent and applicable lenders.

Certain Covenants

The Company is not required to comply with any financial covenants unless Excess Availability is less than the greater of $25.0 million or 10.0% of the Loan Cap. If and during such time as Excess Availability is less than the greater of $25.0 million or 10.0% of the Loan Cap, the Credit Facility requires the

Note 6

Long-Term Debt, Continued

Company to meet a minimum fixed charge coverage ratio of (a) an amount equal to consolidated EBITDA less capital expenditures and taxes paid in cash, in each case for such period, to (b) fixed charges for such period, of not less than 1.0:1.0. Excess Availability was $358.0 million at February 1,

2014. Because Excess Availability exceeded $25.0 million or 10.0% of the Loan Cap, the Company was not required to comply with this financial covenant at February 1, 2014.

The Credit Facility also permits the Company to incur up to $500.0 million of senior debt provided that certain terms and conditions are met.

In addition, the Credit Facility contains certain covenants that, among other things, restrict additional indebtedness, liens and encumbrances, loans and investments, acquisitions, dividends and other restricted payments, transactions with affiliates, asset dispositions, mergers and consolidations, prepayments or material amendments of other indebtedness and other matterscustomarily restricted in such agreements.

Cash Dominion

The Credit Facility also contains cash dominion provisions that apply in the event that the Company’s Excess Availability is less than the greater of $30.0 million or 12.5% of the Loan Cap or there is an event of default under the Credit Facility.

Events of Default

The Credit Facility contains customary events of default, including, without limitation, payment defaults, breaches of representations and warranties, covenant defaults, cross-defaults to certain other material indebtedness in excess of specified amounts and to agreements which would have a material adverse effect if breached, certain events of bankruptcy and insolvency, certain ERISA events, judgments in excess of specified amounts and change in control.

Certain of the lenders under the Credit Facility or their affiliates have provided and may in the future provide certain commercial banking, financial advisory, and investment banking services in the ordinary course of business for the Company, its subsidiaries and certain of its affiliates, for which they receive customary fees and commissions.

U.K. Credit Facility

In connection with the Schuh acquisition, Schuh entered into an amended and restated Senior Term Facilities Agreement and Working Capital Facility Letter, (collectively, the “UK Credit Facilities”)

which provide for term loans of up to £29.5 million (a £15.5 million A term loan and £14.0 million B term loan) and a working capital facility of £5.0 million. The Working Capital Facility Letter was allowed to lapse in June 2012. The A term loan bears interest at LIBOR plus 2.50% per annum. The B term loan bears interest at LIBOR plus 3.75% per annum. The Company is not required to make any payments on the B term loan until it expires October 31, 2015, unless the Company’s Schuh Group segment has Excess Cash Flow (as defined in the UK Credit Facilities). The Company paid less than£0.1 million, £4.8 million and £4.5 million on the B term loan in Fiscal 2014, 2013 and 2012, respectively.

Note 6

Long-Term Debt, Continued

In November 2013, Schuh Group Limited entered into an Amended and Restated Facilities Agreement to provide for an additional term loan of up to £12.5 million ("C term loan"). The C term loan bears interest at LIBOR plus 2.50% per annum and expires September 30, 2019.

The UK Credit Facilities contain certain covenants at the Schuh level including a minimum interest coverage covenant initially set at 4.25x and increasing to 4.50x in January 2012 and thereafter, a maximum leverage covenant initially set at 2.75x declining over time at various rates to 2.25x beginning in July 2012 and a minimum cash flow coverage of 1.10x. The Company was in compliance with all the covenants at February 1, 2014. The UK Credit Facilities are secured by a pledge of all the assets of Schuh and its subsidiaries.

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Equity

12 Months Ended

Feb. 01, 2014

Equity [Abstract]

Equity

Equity

Non-Redeemable Preferred Stock

	Shares Authorized		Number of Shares			Amounts in Thousands									Common Convertible Ratio		No. of Votes per share
Class (In order of preference)*			2014	2013	2012	2014			2013			2012
Subordinated Serial Preferred (Cumulative)
Aggregate	3,000,000	**	—	—	—	—			—			—			N/A		N/A
$2.30 Series 1	64,368		—	16,203	30,368	$	—		$	648		$	1,215		.83		1
$4.75 Series 3	40,449		—	7,398	11,643	—			740			1,164			2.11		2
$4.75 Series 4	53,764		—	3,247	3,397	—			325			340			1.52		1
Series 6	800,000		—	—	—	—			—			—					100
$1.50 Subordinated Cumulative Preferred	5,000,000		—	30,067	30,067	—			902			902					1
			—	56,915	75,475	—			2,615			3,621
Employees’ Subordinated Convertible Preferred	5,000,000		46,069	46,852	47,922	1,382			1,405			1,437			1.00	***	1
Stated Value of Issued Shares						1,382			4,020			5,058
Employees’ Preferred Stock Purchase Accounts						(77		)	(96		)	(101		)
Total Non-Redeemable Preferred Stock						$	1,305		$	3,924		$	4,957

*    In order of preference for liquidation and dividends.

** The Company’s charter permits the board of directors to issue Subordinated Serial Preferred Stock in as many series, each with as many shares and such rights and preferences as the board may designate.

***    Also convertible into one share of $1.50 Subordinated Cumulative Preferred Stock.

Note 8

Equity, Continued

Preferred Stock Transactions

In thousands	Non-Redeemable Preferred Stock			Non-Redeemable Employees’ Preferred Stock			Employees’ Preferred Stock Purchase Accounts			Total Non-Redeemable Preferred Stock
Balance January 29, 2011	$	3,816		$	1,476		$	(109	)	$	5,183
Other	(195		)	(39		)	8			(226		)
Balance January 28, 2012	3,621			1,437			(101		)	4,957
Other	(1,006		)	(32		)	5			(1,033		)
Balance February 2, 2013	2,615			1,405			(96		)	3,924
Preferred stock redemptions	(1,462		)	—			—			(1,462		)
Other stock conversions	(1,153		)	(23		)	19			(1,157		)
Balance February 1, 2014	$	—		$	1,382		(77		)	$	1,305

Subordinated Serial Preferred Stock (Cumulative):

The Company issued a notice of mandatory redemption effective April 30, 2013, to its holders of Subordinated Serial Preferred Stock $2.30 Series 1, $4.75 Series 3 and $4.75 Series 4 during the first quarter of Fiscal 2014. The Series 1 preferred stock was redeemed at $40 per share plus accumulated dividends. During Fiscal 2014, 13,713 shares of Series 1 preferred stock were converted to common stock and 2,490 shares of Series 1 preferred stock were redeemed. The Series 3 and 4 preferred stocks were redeemed at $100 per share plus accumulated dividends. During Fiscal 2014, 6,046 shares of Series 3 preferred stock were converted to common stock and 1,352 shares of Series 3 preferred stock were redeemed. During Fiscal 2014, 3,247 shares of Series 4 preferred stock were redeemed. The total cost of the redemption for Series 1, 3 and 4 preferred stock was $0.6 million in Fiscal 2014.

The Company’s shareholders’ rights plan grants to common shareholders the right to purchase, at a specified exercise price, a fraction of a share of subordinated serial preferred stock, Series 6, in the event of an acquisition of, or an announced tender offer for, 15% or more of the Company’s outstanding common stock. Upon any such event, each right also entitles the holder (other than the person making such acquisition or tender offer) to purchase, at the exercise price, shares of common stock having a market value of twice the exercise price. In the event the Company is acquired in a transaction in which the Company is not the surviving corporation, each right would entitle its holder to purchase, at the exercise price, shares of the acquiring company having a market value of twice the exercise price. The rights expire in March 2020, are redeemable under certain circumstances for $.01 per right and are subject to exchange for one share of common stock or an equivalent amount of preferred stock at any time after the event which makes the rights exercisable and before a majority of the Company’s common stock is acquired.

Note 8

Equity, Continued

$1.50 Subordinated Cumulative Preferred Stock:

The Company issued a notice of mandatory redemption effective April 30, 2013, to its holders of $1.50 Subordinated Cumulative Preferred Stock during the first quarter of Fiscal 2014. The $1.50 Subordinated Cumulative Preferred Stock was redeemed at $30 per share plus accumulated dividends. During Fiscal 2014, 30,067 shares of $1.50 Subordinated Cumulative Preferred Stock were redeemed. The total cost of the redemption for the $1.50 Subordinated Cumulative Preferred Stock was $0.9 million in Fiscal 2014.

Employees’ Subordinated Convertible Preferred Stock:

Stated and liquidation values are 88 times the average quarterly per share dividend paid on common stock for the previous eight quarters (if any), but in no event less than $30 per share.

Common Stock:

Common stock-$1 par value. Authorized: 80,000,000 shares; issued: February 1, 2014 – 24,407,724 shares; February 2, 2013 –24,484,915 shares. There were 488,464 shares held in treasury at February 1, 2014 and February 2, 2013. Each outstanding share is entitled to one vote. At February 1, 2014, common shares were reserved as follows: 46,069 shares for conversion of preferred stock; 60,000 shares for the 1996 Stock Incentive Plan; 70,854 shares for the 2005 Stock Incentive Plan; 1,204,662 shares for the 2009 Amended and Restated Stock Incentive Plan; and 310,292 shares for the Genesco Employee Stock Purchase Plan.

For the year ended February 1, 2014, 130,051 shares of common stock were issued for the exercise of stock options at an average weighted exercise price of $23.33, for a total of $3.0 million; 199,392 shares of common stock were issued as restricted shares as part of the 2009 Amended and Restated Equity Incentive Plan; 3,146 shares of common stock were issued for the purchase of shares under the Employee Stock Purchase Plan at an average weighted market price of $62.30, for a total of $0.2 million; 14,435 shares were issued to directors for no consideration; 105,193 shares were withheld for taxes on restricted stock vested in Fiscal 2014; 6,279 shares of restricted stock were forfeited in Fiscal 2014; and 24,922 shares were issued in miscellaneous conversions of Series 1, 3 and Employees’ Subordinated Convertible Preferred Stock. The 130,051 options exercised were all fixed stock options (see Note 12). In addition, the Company repurchased and retired 337,665 shares of common stock at an average weighted market price of $61.23 for a total of $20.7 million.

For the year ended February 2, 2013, 223,618 shares of common stock were issued for the exercise of stock options at an average weighted exercise price of $21.50, for a total of $4.8 million; 194,232 shares of common stock were issued as restricted shares as part of the 2009 Amended and Restated Equity Incentive Plan; 2,463 shares of common stock were issued for the purchase of shares under the Employee Stock Purchase Plan at an average weighted market price of $63.84, for a total of $0.2 million; 10,224 shares were issued to directors for no consideration; 75,552 shares were withheld for taxes on restricted stock vested in Fiscal 2013; 4,020 shares of restricted stock were forfeited in Fiscal 2013; and 22,028 shares were issued in miscellaneous conversions of Series 1, 3, 4 and Employees’ Subordinated Convertible Preferred Stock. The 223,618 options exercised were all fixed stock options (see Note 12).

Note 8

Equity, Continued

In addition, the Company repurchased and retired 645,904 shares of common stock at an average weighted market price of $58.29 for a total of $37.6 million.

For the year ended January 28, 2012, 390,357 shares of common stock were issued for the exercise of stock options at an average weighted exercise price of $24.82, for a total of $9.7 million; 289,407 shares of common stock were issued as restricted shares as part of the 2009 Equity Incentive Plan; 2,717 shares of common stock were issued for the purchase of shares under the Employee Stock Purchase Plan at an average weighted market price of $48.95, for a total of $0.1 million; 14,643 shares were issued to directors for no consideration; 93,089 shares were withheld for taxes on restricted stock vested in Fiscal 2012; 14,081 shares of restricted stock were forfeited in Fiscal 2012; and 5,238 shares were issued in miscellaneous conversions of Series 1, 3, 4 and Employees’ Subordinated Convertible Preferred Stock. The 390,357 options exercised were all fixed stock options (see Note 12).

Restrictions on Dividends and Redemptions of Capital Stock:

The Company’s charter provides that no dividends may be paid and no shares of capital stock acquired for value if there are dividend or redemption arrearages on any senior or equally ranked stock. Exchanges of subordinated serial preferred stock for common stock or other stock junior to such exchanged stock are permitted.

The Company’s Credit Facility prohibits the payment of dividends and other restricted payments unless as of the date of the making of any Restricted Payment or consummation of any Acquisition, (a) no Default or Event of Default exists or would arise after giving effect to such Restricted Payment or Acquisition, and (b) either (i) the Borrowers have pro forma projected Excess Availability for the following six month period equal to or greater than 25% of the Loan Cap, after giving pro forma effect to such Restricted Payment or Acquisition, or (ii) (A) the Borrowers have pro forma projected Excess Availability for the following six month period of less than 25% of the Loan Cap but equal to or greater than 15% of the Loan Cap, after giving pro forma effect to the Restricted Payment or Acquisition, and (B) the Fixed Charge Coverage Ratio, on a pro forma basis for the twelve months preceding such Restricted Payment or Acquisition, will be equal to or greater than 1.0:1.0, and (c) after giving effect to such Restricted Payment or Acquisition, the Borrowers are Solvent. The Company’s management does not expect availability under the Credit Facility to fall below the requirements listed above during Fiscal 2015. The Company’s UK Credit Facility prohibits the payment of any dividends by Schuh or its subsidiaries to the Company.

The Company issued a mandatory notice of redemption effective April 30, 2013, to its holders of Subordinated Serial Preferred Stock $2.30 Series 1, $4.75 Series 3 and $4.75 Series 4 and on its $1.50 Subordinated Cumulative Preferred Stock during the first quarter of Fiscal 2014. The total cost of the redemption was $1.5 million. As a result, all of these preferred issues of stock were either converted to common stock or redeemed in Fiscal 2014, and there are no outstanding shares remaining. Therefore, there is no longer an annual dividend requirement. Dividends paid during Fiscal 2014 were less than $0.1 million.

Note 8

Equity, Continued

Changes in the Shares of the Company’s Capital Stock

	Common Stock		Non- Redeemable Preferred Stock		Employees’ Preferred Stock
Issued at January 29, 2011	24,162,634		79,306		49,192
Exercise of options	390,357		—		—
Issue restricted stock	304,050		—		—
Issue shares—Employee Stock Purchase Plan	2,717		—		—
Shares repurchased	0		—		—
Other	(101,932	)	(3,831	)	(1,270	)
Issued at January 28, 2012	24,757,826		75,475		47,922
Exercise of options	223,618		—		—
Issue restricted stock	204,456		—		—
Issue shares—Employee Stock Purchase Plan	2,463		—		—
Shares repurchased	(645,904	)	—		—
Other	(57,544	)	(18,560	)	(1,070	)
Issued at February 2, 2013	24,484,915		56,915		46,852
Exercise of options	130,051		—		—
Issue restricted stock	213,827		—		—
Issue shares—Employee Stock Purchase Plan	3,146		—		—
Shares repurchased	(337,665	)	—		—
Other	(86,550	)	(56,915	)	(783	)
Issued at February 1, 2014	24,407,724		—		46,069
Less shares repurchased and held in treasury	488,464		—		—
Outstanding at February 1, 2014	23,919,260		—		46,069

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Income Taxes (Details 1) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Current
U.S. federal	$ 35,463	$ 50,859	$ 42,103
International	7,293	9,853	2,226
State	8,139	8,841	8,952
Total Current Income Tax Expense	50,895	69,553	53,281
Deferred
U.S. federal	14,078	(7,924)	5,579
International	(1,813)	(6,379)	4,370
State	2,718	(3,315)	(288)
Total Deferred Income Tax Expense (Benefit)	14,983	(17,618)	9,661
Total Income Tax Expense - Continuing Operations	$ 65,878	$ 51,935	$ 62,942

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Earnings Per Share (Details Textual) (USD $)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Earnings Per Share [Abstract]
Shares repurchased	337,665	645,904	0
Value of shares repurchased	$ 20,676,000	$ 37,650,000	$ 0
Remaining authorized repurchase amount for stock repurchase program	65,500,000
Total authorized repurchase amount for stock repurchase program	$ 75,000,000

XML

Income Taxes (Details 3) (USD $) In Thousands, unless otherwise specified	Feb. 01, 2014	Feb. 02, 2013
Deferred tax assets net classification
Net current asset	$ 23,089	$ 23,725
Net non-current asset	3,342	18,731
Net non-current liability	(1,856)	(21)
Net Deferred Tax Assets	$ 24,575	$ 42,435

XML

Income Taxes (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended																12 Months Ended
	Feb. 01, 2014		Nov. 02, 2013		Aug. 03, 2013		May 04, 2013		Feb. 02, 2013		Oct. 27, 2012		Jul. 28, 2012		Apr. 28, 2012		Feb. 01, 2014		Feb. 02, 2013	Jan. 28, 2012
Income Tax Disclosure [Abstract]
United States																	$ 152,832		$ 152,457	$ 139,174
Foreign																	6,028		12,375	17,219
Earnings from continuing operations before income taxes	$ 73,998	[1],[2]	$ 45,789	[3]	$ 14,388	[4]	$ 24,685	[5]	$ 61,401	[6]	$ 52,907	[7]	$ 14,638	[7]	$ 35,886	[8]	$ 158,860	[9]	$ 164,832	$ 156,393

[1] 14 week period vs. 13 weeks in prior period.

[2] Includes a net asset impairment and other charge of $5.6 million (see Note 3).

[3] Includes a net asset impairment and other charge of $1.5 million (see Note 3).

[4] Includes a net asset impairment and other credit of $(7.1) million (see Note 3).

[5] Includes a net asset impairment and other charge of $1.3 million (see Note 3).

[6] Includes a net asset impairment and other charge of $16.1 million (see Note 3).

[7] Includes a net asset impairment and other charge of $0.4 million (see Note 3).

[8] Includes a net asset impairment and other charge of $0.1 million (see Note 3).

[9] 53 week period vs. 52 weeks in prior period.

XML

Business Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended																12 Months Ended
	Feb. 01, 2014		Nov. 02, 2013		Aug. 03, 2013		May 04, 2013		Feb. 02, 2013		Oct. 27, 2012		Jul. 28, 2012		Apr. 28, 2012		Feb. 01, 2014		Feb. 02, 2013		Jan. 28, 2012
Segment reporting information by segment
Net sales to external customers	$ 792,506	[1]	$ 666,332		$ 574,746		$ 591,388		$ 796,693		$ 664,458		$ 543,522		$ 600,144		$ 2,624,972	[2]	$ 2,604,817		$ 2,291,987
Segment operating income (loss)																	164,776		186,900		164,162
Asset impairments and other																	(1,341)	[3]	(17,037)	[4]	(2,677)	[5]
Earnings from operations																	163,435		169,863		161,485
Interest expense																	(4,641)		(5,126)		(5,157)
Interest income																	66		95		65
Earnings from continuing operations before income taxes	73,998	[1],[6]	45,789	[7]	14,388	[8]	24,685	[9]	61,401	[10]	52,907	[11]	14,638	[11]	35,886	[12]	158,860	[2]	164,832		156,393
Assets	1,439,284	[13]							1,326,072	[14]							1,439,284	[13]	1,326,072	[14]	1,229,761	[15]
Depreciation and amortization																	67,135		63,697		53,737
Capital expenditures																	98,456		71,737		49,456
Sales [Member]
Segment reporting information by segment
Net sales to external customers																	2,625,964		2,606,898		2,292,611
Intercompany Sales [Member]
Segment reporting information by segment
Net sales to external customers																	(992)		(2,081)		(624)
Journeys Group [Member]
Segment reporting information by segment
Net sales to external customers																	1,082,241		1,111,490		1,020,116
Segment operating income (loss)																	97,377		109,953		89,045
Asset impairments and other																	0	[3]	0	[4]	0	[5]
Earnings from operations																	97,377		109,953		89,045
Interest expense																	0		0		0
Interest income																	0		0		0
Earnings from continuing operations before income taxes																	97,377		109,953		89,045
Assets	298,105	[13]							280,396	[14]							298,105	[13]	280,396	[14]	259,331	[15]
Depreciation and amortization																	19,400		20,190		20,742
Capital expenditures																	20,223		21,852		11,125
Journeys Group [Member] | Sales [Member]
Segment reporting information by segment
Net sales to external customers																	1,082,241		1,111,490		1,020,116
Journeys Group [Member] | Intercompany Sales [Member]
Segment reporting information by segment
Net sales to external customers																	0		0		0
Schuh Group [Member]
Segment reporting information by segment
Net sales to external customers																	364,732		370,480		212,262
Segment operating income (loss)																	3,063		11,209		11,711
Asset impairments and other																	0	[3]	0	[4]	0	[5]
Earnings from operations																	3,063		11,209		11,711
Interest expense																	0		0		0
Interest income																	0		0		0
Earnings from continuing operations before income taxes																	3,063		11,209		11,711
Assets	268,514	[13]							231,323	[14]							268,514	[13]	231,323	[14]	205,313	[15]
Depreciation and amortization																	11,339		10,040		4,602
Capital expenditures																	29,673		16,873		7,406
Schuh Group [Member] | Sales [Member]
Segment reporting information by segment
Net sales to external customers																	364,732		370,480		212,262
Schuh Group [Member] | Intercompany Sales [Member]
Segment reporting information by segment
Net sales to external customers																	0		0		0
Lids Sports Group [Member]
Segment reporting information by segment
Net sales to external customers																	820,996		791,255		759,324
Segment operating income (loss)																	63,748		82,867		86,037
Asset impairments and other																	0	[3]	0	[4]	0	[5]
Earnings from operations																	63,748		82,867		86,037
Interest expense																	0		0		0
Interest income																	0		0		0
Earnings from continuing operations before income taxes																	63,748		82,867		86,037
Assets	574,664	[13]							519,006	[14]							574,664	[13]	519,006	[14]	489,512	[15]
Depreciation and amortization																	28,345		26,892		22,541
Capital expenditures																	35,193		21,448		24,497
Lids Sports Group [Member] | Sales [Member]
Segment reporting information by segment
Net sales to external customers																	821,779		793,016		759,671
Lids Sports Group [Member] | Intercompany Sales [Member]
Segment reporting information by segment
Net sales to external customers																	(783)		(1,761)		(347)
Johnston & Murphy Group [Member]
Segment reporting information by segment
Net sales to external customers																	245,941		221,860		201,725
Segment operating income (loss)																	17,638		15,696		13,743
Asset impairments and other																	0	[3]	0	[4]	0	[5]
Earnings from operations																	17,638		15,696		13,743
Interest expense																	0		0		0
Interest income																	0		0		0
Earnings from continuing operations before income taxes																	17,638		15,696		13,743
Assets	97,532	[13]							89,505	[14]							97,532	[13]	89,505	[14]	79,321	[15]
Depreciation and amortization																	4,002		3,738		3,538
Capital expenditures																	9,178		6,680		1,894
Johnston & Murphy Group [Member] | Sales [Member]
Segment reporting information by segment
Net sales to external customers																	245,941		221,870		201,725
Johnston & Murphy Group [Member] | Intercompany Sales [Member]
Segment reporting information by segment
Net sales to external customers																	0		(10)		0
Licensed Brands [Member]
Segment reporting information by segment
Net sales to external customers																	109,780		108,498		97,444
Segment operating income (loss)																	10,614		10,078		9,451
Asset impairments and other																	0	[3]	0	[4]	0	[5]
Earnings from operations																	10,614		10,078		9,451
Interest expense																	0		0		0
Interest income																	0		0		0
Earnings from continuing operations before income taxes																	10,614		10,078		9,451
Assets	50,955	[13]							43,212	[14]							50,955	[13]	43,212	[14]	34,974	[15]
Depreciation and amortization																	468		366		285
Capital expenditures																	1,452		1,255		718
Licensed Brands [Member] | Sales [Member]
Segment reporting information by segment
Net sales to external customers																	109,989		108,808		97,721
Licensed Brands [Member] | Intercompany Sales [Member]
Segment reporting information by segment
Net sales to external customers																	(209)		(310)		(277)
Corporate & Other [Member]
Segment reporting information by segment
Net sales to external customers																	1,282		1,234		1,116
Segment operating income (loss)																	(27,664)		(42,903)		(45,825)
Asset impairments and other																	(1,341)	[3]	(17,037)	[4]	(2,677)	[5]
Earnings from operations																	(29,005)		(59,940)		(48,502)
Interest expense																	(4,641)		(5,126)		(5,157)
Interest income																	66		95		65
Earnings from continuing operations before income taxes																	(33,580)		(64,971)		(53,594)
Assets	149,514	[13]							162,630	[14]							149,514	[13]	162,630	[14]	161,310	[15]
Depreciation and amortization																	3,581		2,471		2,029
Capital expenditures																	2,737		3,629		3,816
Corporate & Other [Member] | Sales [Member]
Segment reporting information by segment
Net sales to external customers																	1,282		1,234		1,116
Corporate & Other [Member] | Intercompany Sales [Member]
Segment reporting information by segment
Net sales to external customers																	$ 0		$ 0		$ 0

[1] 14 week period vs. 13 weeks in prior period.

[2] 53 week period vs. 52 weeks in prior period.

[3] Asset Impairments and other includes a $2.3 million charge for asset impairments, of which $1.4 million is in the Lids Sports Group, $0.6 million is in the Journeys Group and $0.3 million is in the Johnston & Murphy Group, a $3.3 million charge for network intrusion costs, a $2.4 million charge for other legal matters and a $1.6 million charge for a lease termination partially offset by a gain of $(8.3) million for the lease termination of a New York City Journeys store.

[4] Asset Impairments and other includes a $1.4 million charge for asset impairments, of which $0.9 million is in the Lids Sports Group, $0.4 million is in the Journeys Group, and $0.1 million is in the Johnston & Murphy Group, a $15.6 million charge for network intrusion costs and a $0.1 million charge for other legal matters.

[5] Asset Impairments and other includes a $1.1 million charge for asset impairments, of which $0.6 million is in the Journeys Group, $0.3 million is in the Lids Sports Group and $0.2 million is in the Johnston & Murphy Group, a $0.7 million charge for network intrusion costs and a $0.9 million charge for other legal matters.

[6] Includes a net asset impairment and other charge of $5.6 million (see Note 3).

[7] Includes a net asset impairment and other charge of $1.5 million (see Note 3).

[8] Includes a net asset impairment and other credit of $(7.1) million (see Note 3).

[9] Includes a net asset impairment and other charge of $1.3 million (see Note 3).

[10] Includes a net asset impairment and other charge of $16.1 million (see Note 3).

[11] Includes a net asset impairment and other charge of $0.4 million (see Note 3).

[12] Includes a net asset impairment and other charge of $0.1 million (see Note 3).

[13] Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $182.4 million, $104.9 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group includes $10.1 million of additions in Fiscal 2014 resulting from small acquisitions and the Schuh Group goodwill increased by $4.2 million due to foreign currency translation adjustment.

[14] Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $172.3 million, $100.7 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group includes $13.2 million of additions in Fiscal 2013 resulting from small acquisitions and the Schuh Group goodwill increased by $0.8 million due to foreign currency translation adjustment.

[15] Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $159.1 million, $99.9 million and $0.8 million of goodwill, respectively. Goodwill for the Lids Sports Group includes $6.5 million of additions in Fiscal 2012 resulting from small acquisitions and the Schuh Group goodwill is due to the acquisition of Schuh in the second quarter of Fiscal 2012 of $102.9 million which has been decreased by $3.0 million due to foreign currency translation adjustment.

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Income Taxes (Tables)

12 Months Ended

Feb. 01, 2014

Income Tax Disclosure [Abstract]

Components of earnings from continuing operations before income taxes

The components of earnings from continuing operations before income taxes is comprised of the following:

In thousands	2014		2013		2012
United States	$	152,832	$	152,457	$	139,174
Foreign	6,028		12,375		17,219
Total Earnings from Continuing Operations before Income Taxes	$	158,860	$	164,832	$	156,393

Income tax expense from continuing operations

Income tax expense from continuing operations is comprised of the following:

In thousands	2014			2013			2012
Current
U.S. federal	$	35,463		$	50,859		$	42,103
International	7,293			9,853			2,226
State	8,139			8,841			8,952
Total Current Income Tax Expense	50,895			69,553			53,281
Deferred
U.S. federal	14,078			(7,924		)	5,579
International	(1,813		)	(6,379		)	4,370
State	2,718			(3,315		)	(288		)
Total Deferred Income Tax Expense (Benefit)	14,983			(17,618		)	9,661
Total Income Tax Expense – Continuing Operations	$	65,878		$	51,935		$	62,942

Deferred tax assets and liabilities

 Deferred tax assets and liabilities are comprised of the following:

	February 1,			February 2,
In thousands	2014			2013
Identified intangibles	$	(28,468	)	$	(28,076	)
Prepaids	(3,063		)	(2,943		)
Convertible bonds	(3,001		)	(3,001		)
Total deferred tax liabilities	(34,532		)	(34,020		)
Options	448			965
Deferred rent	4,986			5,847
Pensions	4,253			8,321
Expense accruals	15,673			16,766
Uniform capitalization costs	13,750			12,539
Book over tax depreciation	2,839			13,783
Provisions for discontinued operations and restructurings	4,731			4,745
Inventory valuation	2,115			2,015
Tax net operating loss and credit carryforwards	2,396			3,535
Allowances for bad debts and notes	761			1,598
Deferred compensation and restricted stock	6,606			6,382
Other	4,320			3,500
Gross deferred tax assets	62,878			79,996
Deferred tax asset valuation allowance	(3,771		)	(3,541		)
Deferred tax asset net of valuation allowance	59,107			76,455
Net Deferred Tax Assets	$	24,575		$	42,435

Deferred tax assets net classification

The deferred tax balances have been classified in the Consolidated Balance Sheets as follows:

	2014			2013
Net current asset	$	23,089		$	23,725
Net non-current asset	3,342			18,731
Net non-current liability	(1,856		)	(21		)
Net Deferred Tax Assets	$	24,575		$	42,435

Reconciliation of the United States federal statutory rate to the Company's effective tax rate from continuing operations

Reconciliation of the United States federal statutory rate to the Company’s effective tax rate from continuing operations is as follows:

	2014		2013		2012
U. S. federal statutory rate of tax	35.00	%	35.00	%	35.00	%
State taxes (net of federal tax benefit)	4.62		3.11		3.62
Foreign rate differential	(1.24	)	(1.98	)	(1.71	)
Change in valuation allowance	0.05		(0.17	)	0.60
Permanent items	2.18		1.85		2.27
Uncertain federal, state and foreign tax positions	0.21		(5.73	)	—
Other	0.65		(0.57	)	0.47
Effective Tax Rate	41.47	%	31.51	%	40.25	%

Reconciliation of the total amounts of unrecognized tax benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for Fiscal 2014, 2013 and 2012.

In thousands	2014			2013			2012
Unrecognized Tax Benefit – Beginning of Period	$	10,437		$	20,467		$	14,167
Gross Increases (Decreases) – Tax Positions in a Prior Period	139			(2,464		)	(29		)
Gross Increases – Tax Positions in a Current Period	1,452			133			6,986
Settlements	(340		)	(449		)	(533		)
Lapse of Statutes of Limitations	(728		)	(7,250		)	(124		)
Unrecognized Tax Benefit – End of Period	$	10,960		$	10,437		$	20,467

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Asset Impairments and Other Charges and Discontinued Operations (Details Textual) (USD $)	3 Months Ended						12 Months Ended
	Feb. 01, 2014	Aug. 03, 2013	May 04, 2013	Feb. 02, 2013	Oct. 27, 2012	Apr. 28, 2012	Feb. 01, 2014		Feb. 02, 2013		Jan. 28, 2012
Restructuring Cost and Reserve [Line Items]
Asset impairments and other							$ 1,341,000	[1]	$ 17,037,000	[2]	$ 2,677,000	[3]
Gain on lease termination							8,300,000
Provision for discontinued operations							543,000		796,000		1,692,000
Loss from discontinued operations	100,000	100,000	100,000	200,000	100,000	200,000	329,000		462,000		1,025,000
Anticipated costs of environmental remedial											1,800,000
Gain for excess provisions to prior discontinued operations											100,000
Computer Network Intrusion [Member]
Restructuring Cost and Reserve [Line Items]
Asset impairments and other							3,300,000		15,600,000		700,000
Other Legal Matters [Member]
Restructuring Cost and Reserve [Line Items]
Asset impairments and other							2,400,000		100,000		900,000
Retail Store Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Asset impairments and other							2,300,000		1,400,000		1,100,000
Lease Termination [Member]
Restructuring Cost and Reserve [Line Items]
Asset impairments and other							$ 1,600,000

[1] Asset Impairments and other includes a $2.3 million charge for asset impairments, of which $1.4 million is in the Lids Sports Group, $0.6 million is in the Journeys Group and $0.3 million is in the Johnston & Murphy Group, a $3.3 million charge for network intrusion costs, a $2.4 million charge for other legal matters and a $1.6 million charge for a lease termination partially offset by a gain of $(8.3) million for the lease termination of a New York City Journeys store.

[2] Asset Impairments and other includes a $1.4 million charge for asset impairments, of which $0.9 million is in the Lids Sports Group, $0.4 million is in the Journeys Group, and $0.1 million is in the Johnston & Murphy Group, a $15.6 million charge for network intrusion costs and a $0.1 million charge for other legal matters.

[3] Asset Impairments and other includes a $1.1 million charge for asset impairments, of which $0.6 million is in the Journeys Group, $0.3 million is in the Lids Sports Group and $0.2 million is in the Johnston & Murphy Group, a $0.7 million charge for network intrusion costs and a $0.9 million charge for other legal matters.

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Legal Proceedings

12 Months Ended

Feb. 01, 2014

Commitments and Contingencies Disclosure [Abstract]

Legal Proceedings

Legal Proceedings

Environmental Matters

New York State Environmental Matters

In August 1997, the New York State Department of Environmental Conservation (“NYSDEC”) and the Company entered into a consent order whereby the Company assumed responsibility for conducting a remedial investigation and feasibility study (“RIFS”) and implementing an interim remedial measure (“IRM”) with regard to the site of a knitting mill operated by a former subsidiary of the Company from 1965 to 1969. The Company undertook the IRM and RIFS voluntarily, without admitting liability or accepting responsibility for any future remediation of the site. The Company has completed the IRM and the RIFS. In the course of preparing the RIFS, the Company identified remedial alternatives with estimated undiscounted costs ranging from $0.0 million to $24.0 million, excluding amounts previously expended or provided for by the Company. The United States Environmental Protection Agency (“EPA”), which has assumed primary regulatory responsibility for the site from NYSDEC, issued a Record of Decision in September 2007. The Record of Decision requires a remedy of a combination

of groundwater extraction and treatment and in-site chemical oxidation at an estimated present cost of approximately $10.7 million.

In July 2009, the Company agreed to a Consent Order with the EPA requiring the Company to perform certain remediation actions, operations, maintenance and monitoring at the site. In September 2009, a Consent Judgment embodying the Consent Order was filed in the U.S. District Court for the Eastern District of New York.

The Village of Garden City, New York (the "Village"), has additionally asserted that the Company is liable for the costs associated with enhanced treatment required by the impact of the groundwater plume from the site on two public water supply wells, including historical total costs ranging from approximately $1.8 million to in excess of $2.5 million, and future operation and maintenance costs which the Village estimates at $126,400 annually while the enhanced treatment continues. On December 14, 2007, the Village filed a complaint against the Company and the owner of the property under the Resource Conservation and Recovery Act (“RCRA”), the Safe Drinking Water Act, and the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) as well as a number of state law theories in the U.S. District Court for the Eastern District of New York, seeking an injunction requiring the defendants to remediate contamination from the site and to establish their liability for future costs that may be incurred in connection with it, which the complaint alleges could exceed $41 million, undiscounted, over a 70-year period. The Company has not verified the estimates of either historic or future costs asserted by the Village, but believes that an estimate of future costs based on a 70-year remediation period is unreasonable given the expected remedial period reflected in the EPA's Record of Decision. On May 23, 2008, the Company filed a motion to dismiss the Village's complaint on grounds including applicable statutes of limitation and preemption of certain claims by the NYSDEC's and the EPA's diligent prosecution of remediation. On January 27, 2009, the Court granted the motion to dismiss all counts of the plaintiff's complaint except for the CERCLA claim and a state law claim for indemnity for costs incurred after November 27, 2000. On September 23, 2009, on a motion for reconsideration by the Village, the Court reinstated the claims for injunctive relief under RCRA and for equitable relief under certain of the state law theories. The Company intends to continue to defend the action if an acceptable settlement agreement cannot be reached.

Note 13

Legal Proceedings, Continued

Whitehall Environmental Matters

The Company has performed sampling and analysis of soil, sediments, surface water, groundwater and waste management areas at the Company's former Volunteer Leather Company facility in Whitehall, Michigan.

In October 2010, the Company and the Michigan Department of Natural Resources and Environment entered into a Consent Decree providing for implementation of a remedial Work Plan for the facility site designed to bring the site into compliance with applicable regulatory standards. The Work Plan's implementation is substantially complete and the Company expects, based on its present understanding of the condition of the site, that its future obligations with respect to the site will be limited to periodic monitoring and that future costs related to the site should not have a material effect on its financial condition or results of operations.

Accrual for Environmental Contingencies

Related to all outstanding environmental contingencies, the Company had accrued $11.9 million as of February 1, 2014, $11.9 million as of February 2, 2013 and $13.0 million as of January 28, 2012. All such provisions reflect the Company's estimates of the most likely cost (undiscounted, including both current and noncurrent portions) of resolving the contingencies, based on facts and circumstances as of the time they were made. There is no assurance that relevant facts and circumstances will not change, necessitating future changes to the provisions. Such contingent liabilities are included in the liability

arising from provision for discontinued operations on the accompanying Consolidated Balance Sheets because it relates to former facilities operated by the Company. The Company has made pretax accruals for certain of these contingencies, including approximately $0.5 million reflected in Fiscal 2014, $0.8 million reflected in Fiscal 2013 and $1.8 million reflected in Fiscal 2012. These charges are included in provision for discontinued operations, net in the Consolidated Statements of Operations and represent changes in estimates.

Other Matters

On December 10, 2010, the Company announced that it had suffered a criminal intrusion into the portion of its computer network that processes payments for transactions in certain of its retail stores. Visa, Inc., MasterCard Worldwide and American Express Travel Related Services Company, Inc. have asserted claims totaling approximately $15.6 million in connection with the intrusion and the claims of two of the claimants have been collected by withholding payment card receivables of the Company. In the fourth quarter of Fiscal 2013, the Company recorded a $15.4 million charge to earnings in connection with the disputed liability. On March 7, 2013, the Company filed an action in the U.S. District Court for the Middle District of Tennessee against Visa U.S.A. Inc., Visa Inc. and Visa International Service Association seeking to recover $13.3 million in non-compliance fines and issuer reimbursement assessments collected from the Company in connection with the intrusion. The Company does not currently expect any future claims in connection with the intrusion to have a material effect on its financial condition, cash flows, or results of operations.

Note 13

Legal Proceedings, Continued

On January 5, 2012, a patent infringement action against the Company and numerous other defendants was filed in the U.S. District Court for the Eastern District of Texas, GeoTag, Inc. v. Circle K Store, Inc., et al., alleging that features of certain of the Company's e-commerce websites infringe U.S. Patent No. 5,930,474, entitled “Internet Organizer for Accessing Geographically and Topically Based Information.” The plaintiff sought relief including damages for the alleged infringement, costs, expenses and pre- and post-judgment interest and injunctive relief. Pursuant to a settlement agreement, the matter was dismissed on February 28, 2014. The settlement did not have a material effect on its financial condition or results of operations.

On June 13, 2012, a former vendor of a subsidiary of the Company filed an action, Perfect Curve, Inc. v. Hat World, Inc., in U.S. District Court in Massachusetts, alleging patent, trademark, trade dress, and copyright infringement against the subsidiary based on the sale of a line of products developed by the subsidiary. The parties reached agreement to settle the matter and the action was dismissed pursuant to a Stipulated Dismissal dated March 13, 2014. The settlement did not have a material effect on its financial condition or results of operations.

On May 14, 2012, a putative class and collective action, Maro v. Hat World, Inc., was filed in the U.S. District Court for the Northern District of Illinois. The action alleges that the Company failed to pay

the plaintiff and other, similarly situated retail store employees of Hat World, Inc., for time spent making bank deposits of store collections, and seeks to recover unpaid wages, liquidated damages, statutory penalties, attorney's fees, and costs pursuant to the federal Fair Labor Standards Act, the Illinois Minimum Wage Law and the Illinois Wage Payment and Collection Act. On January 15, 2014, the court dismissed the Maro case with prejudice, based on the plaintiffs' failure to prosecute. On July 16, 2012 and July 30, 2012, additional putative class and collective actions, Chavez v. Hat World, Inc. and Dismukes v. Hat World, Inc., were filed in the same court, alleging that certain Hat World employees were misclassified as exempt from overtime pay, and seeking similar relief. The Chavez and Dismukes actions have been consolidated. The parties have reached an agreement in principle to resolve the matter, subject to documentation and court approval. The Company does not expect the matter or its settlement as proposed to have a material effect on its financial condition or results of operations.

On August 30, 2012, a former employee of a Company subsidiary filed a putative class and collective action, Kershner v. Hat World, Inc., in the Philadelphia, Pennsylvania Court of Common Pleas alleging violations of the Pennsylvania Minimum Wage Act by the subsidiary. The Company has reached an agreement to resolve the matter, subject to approval by the court. On February 10, 2014, the court granted preliminary approval of the proposed settlement. The Company does not expect the matter or its settlement as proposed to have a material effect on its financial condition or results of operations.

On May 23, 2013, a former employee of the Company filed an action, Everett v. Genesco Inc., in the U.S. District Court for the Middle District of Florida alleging violations of the Fair Labor Standards Act, seeking designation as a collective action and the award of allegedly unpaid minimum wages, overtime pay, liquidated damages, penalties, interest, attorneys' fees, and other relief. The Company disputes the material allegations in the action and intends to defend it.

Note 13

Legal Proceedings, Continued

On May 17, 2013, a former employee filed a putative class and representative action, Garcia v. Genesco,Inc. in the Superior Court of California for the County of Ventura, alleging various claims under the California Labor Code, including failure to provide meal and rest periods, failure to timely pay wages, failure to provide accurate itemized wage statements, and unfair competition and violation of the Private Attorneys’ General Act of 2004, and seeking unspecified damages and penalties. On August 30, 2013, the Company removed the action to the United States District Court for the Central District of California. The Company disputes the material allegations in the complaint and is defending the matter.

In addition to the matters specifically described in this Note, the Company is a party to other legal and regulatory proceedings and claims arising in the ordinary course of its business. While management does not believe that the Company's liability with respect to any of these other matters is likely to have a material effect on its financial position, cash flows, or results of operations, legal proceedings are subject to inherent uncertainties and unfavorable rulings could have a material adverse impact on the Company's business and results of operations.

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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 01, 2014

Accounting Policies [Abstract]

Property and equipment amortized over the estimated useful life of related assets

Depreciation and amortization expense are computed principally by the straight-line method over the following estimated useful lives:

Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Carrying amounts and fair values of the Company's financial instruments

The carrying amounts and fair values of the Company’s financial instruments at February 1, 2014 and February 2, 2013 are:

In thousands	February 1, 2014				February 2, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	—	$	—	$	27,700	$	27,742
UK Term Loans	33,730		33,840		22,982		22,982

Schedule of accumulated other comprehensive income (loss)

The following table summarizes the components of accumulated other comprehensive loss for the year ended February 1, 2014:

	Foreign Currency Translation			Unrecognized Pension/Postretirement Benefit Costs			Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance February 2, 2013	$	(1,931	)	$	(26,310	)	$	(28,241	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	2,506			—			2,506
Net actuarial gain	—			8,581			8,581
Amounts reclassified from AOCI:
Amortization of net actuarial loss (1)	—			6,257			6,257
Amortization reclassified from AOCI, before tax	—			6,257			6,257
Income tax expense	—			5,870			5,870
Current period other comprehensive income, net of tax	2,506			8,968			11,474
Balance February 1, 2014	$	575		$	(17,342	)	$	(16,767	)

(1) Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Consolidated Statements of Operations.

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Quarterly Financial Information (Unaudited) (Details Textual) (USD $)	3 Months Ended								12 Months Ended
	Feb. 01, 2014	Nov. 02, 2013	Aug. 03, 2013	May 04, 2013	Feb. 02, 2013	Oct. 27, 2012	Jul. 28, 2012	Apr. 28, 2012	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Quarterly Financial Information (Textual) [Abstract]
Net restructuring and other charge	$ 5,600,000	$ 1,500,000	$ (7,100,000)	$ 1,300,000	$ 16,100,000	$ 400,000	$ 400,000	$ 100,000
Loss from discontinued operations	$ 100,000		$ 100,000	$ 100,000	$ 200,000	$ 100,000		$ 200,000	$ 329,000	$ 462,000	$ 1,025,000
Weeks in fiscal year									364 days	371 days	364 days
Weeks in fiscal quarter									91 days	98 days

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Acquisitions and Intangible Assets (Details Textual)	12 Months Ended			0 Months Ended	7 Months Ended	12 Months Ended				0 Months Ended
	Feb. 01, 2014 USD ($)	Feb. 02, 2013 USD ($)	Jan. 28, 2012 USD ($)	Jun. 23, 2011 Schuh [Member] GBP (£)	Jan. 28, 2012 Schuh [Member] USD ($)	Feb. 01, 2014 Schuh [Member] USD ($) Store	Feb. 02, 2013 Schuh [Member] USD ($)	Jan. 28, 2012 Schuh [Member] USD ($)	Jun. 23, 2011 Schuh [Member] USD ($)	Jun. 23, 2011 Customer Lists [Member] Schuh [Member] USD ($)	Jun. 23, 2011 Leases [Member] Schuh [Member] USD ($)	Jun. 23, 2011 Vendor Contract [Member] Schuh [Member] USD ($)
Acquisitions and Intangible Assets (Textual) [Abstract]
Acquisition purchase price (in GBP)				£ 100,000,000
Outstanding credit facilities (in GBP)				29,500,000					62,562,000
Working capital adjustments (in GBP)				1,900,000
Net cash acquired	13,567,000	23,818,000	92,985,000	6,200,000
Contingent amount related to acquisition (in GBP)				5,000,000
Deferred purchase price related to acquisition (in GBP)				25,000,000
Deferred purchase price third installment (in GBP)				15,000,000
Deferred purchase price fourth installment (in GBP)				10,000,000
Number of retail stores						99
Net sales, related to Schuh's operations					212,300,000	364,700,000	370,500,000
Operating income	163,435,000	169,863,000	161,485,000		11,700,000	3,100,000	11,200,000
Acquisition related cost expensed								7,400,000
Compensation expense, related to deferred purchase price allocation						11,700,000	12,100,000	7,200,000
Other intangibles										1,700,000	2,500,000	800,000
Weighted average amortization period										4 years 7 months 6 days	2 years 8 months 12 days
Pro forma adjustments, reflect additional interest expense for debt borrowings					89,000,000			89,000,000
Amortization of intangibles assets	3,200,000	3,400,000	3,200,000
Future amortization expense, 2014	2,800,000
Future amortization expense, 2015	2,100,000
Future amortization expense, 2016	1,600,000
Future amortization expense, 2017	1,000,000
Future amortization expense, 2018	$ 900,000

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Summary of Significant Accounting Policies - Concentration of Credit Risk and Allowances on Accounts Receivable (Details Textual)	12 Months Ended
	Feb. 01, 2014 customer
Concentration Risk [Line Items]
Number of significant customers (in customers)	3
Trade Accounts Receivable [Member] | Customer Concentration Risk [Member] | Maximum [Member]
Concentration Risk [Line Items]
Concentration risk benchmark percentage	4.00%
Cistomer 1 [Member] | Trade Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk percentage	5.00%

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014		Feb. 02, 2013	Jan. 28, 2012
Statement of Comprehensive Income [Abstract]
Net earnings	$ 92,653	[1]	$ 112,435	$ 92,426
Other comprehensive income (loss):
Gain (loss) on foreign currency forward contract, net of tax of $0.0 million for each period	0		42	(35)
Pension liability adjustment net of tax of $6.2 million and $2.4 million for 2014 and 2013, respectively, and net of tax benefit of $3.1 million for 2012	9,510		3,657	(4,670)
Postretirement liability adjustment net of tax benefit of $.03 million for 2014 and $0.1 million for 2013 and 2012	(542)		(79)	(109)
Foreign currency translation adjustments	2,506		1,105	(3,847)
Total other comprehensive income (loss)	11,474		4,725	(8,661)
Comprehensive Income	$ 104,127		$ 117,160	$ 83,765

[1] 53 week period vs. 52 weeks in prior period.

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Share-Based Compensation Plans (Details Textual) (USD $)	12 Months Ended														12 Months Ended						12 Months Ended
	Feb. 01, 2014 Plan	Feb. 02, 2013	Jan. 28, 2012	Feb. 01, 2014 Director [Member]	Feb. 02, 2013 Director [Member]	Jan. 28, 2012 Director [Member]	Feb. 01, 2014 Stock Options [Member]	Feb. 01, 2014 Stock Options [Member] Maximum [Member]	Feb. 01, 2014 Nonvested Restricted Shares [Member]	Feb. 02, 2013 Nonvested Restricted Shares [Member]	Jan. 28, 2012 Nonvested Restricted Shares [Member]	Feb. 01, 2014 Nonvested Restricted Shares [Member] Director [Member]	Feb. 02, 2013 Nonvested Restricted Shares [Member] Director [Member]	Jun. 22, 2011 2009 Equity Incentive Plan [Member]	Feb. 01, 2014 2009 Equity Incentive Plan [Member] Director [Member]	Feb. 02, 2013 2009 Equity Incentive Plan [Member] Director [Member]	Feb. 01, 2014 2009 Equity Incentive Plan [Member] Nonvested Restricted Shares [Member]	Feb. 02, 2013 2009 Equity Incentive Plan [Member] Nonvested Restricted Shares [Member]	Jan. 28, 2012 2009 Equity Incentive Plan [Member] Nonvested Restricted Shares [Member]	Feb. 01, 2014 2005 Equity Incentive Plan [Member]	Jan. 28, 2012 2005 Equity Incentive Plan [Member] Director [Member]	Feb. 01, 2014 2005 Equity Incentive Plan [Member] Nonvested Restricted Shares [Member] Director [Member]
Share-Based Compensation Plans (Textual) [Abstract]
Number of fixed stock compensation plans	2
Share-based compensation, shares issued														2,500,000.0						2,500,000.0
Stock option's maximum term								10 years
Annual vesting percentage	25.00%																25.00%					33.33%
Vesting term							4 years										4 years
Share-based compensation cost (less than $1000 for 2012)	$ 0	$ 0	$ 1,000	$ 1,000,000	$ 900,000	$ 800,000			$ 11,300,000	$ 9,600,000	$ 6,900,000
Share based compensation tax benefit realized from exercise of stock option	3,800,000	4,800,000	4,700,000
Total intrinsic value, of options exercised	6,100,000	11,500,000	10,300,000
Cash received from option exercises under all share-based payment	3,000,000	4,800,000	9,700,000
Shares granted									199,392	194,232	289,407	365	336
Share-based compensation for restricted stock value grant in period															80,000	80,000					70,000
Share-based compensation, shares issued				9,280	9,888	14,643											199,392	194,232	289,407
Unrecognized share-based compensation cost									$ 23,100,000
Weighted average expected period nonvested share-based compensation									1 year 3 months

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Acquisitions and Intangible Assets

12 Months Ended

Feb. 01, 2014

Acquisitions and Intangible Assets [Abstract]

Acquisitions and Intangible Assets

Acquisitions and Intangible Assets

Schuh Acquisition

On June 23, 2011, the Company, through its newly-formed, wholly-owned subsidiary Genesco (UK) Limited (“Genesco UK”), completed the acquisition of all the outstanding shares of Schuh Group Ltd. (“Schuh”) for a total purchase price of approximately £100.0 million, less £29.5 million outstanding under existing Schuh credit facilities, which remain in place, less a £1.9 million working capital adjustment and plus £6.2 million net cash acquired, with £5.0 million withheld that was paid in June 2013. The Company financed the acquisition with borrowings under its existing credit facility and the balance from cash on hand. The purchase agreement also provides for deferred purchase price payments totaling £25 million, payable in installments of £15 million and £10 million on the third and fourth anniversaries of the closing, respectively, subject to the payees’ not having terminated their employment with Schuh under certain specified circumstances. This amount will be recorded as compensation expense and not reported as a component of the cost of the acquisition.

Headquartered in Scotland, Schuh is a specialty retailer of casual and athletic footwear sold through 99 retail stores in the United Kingdom and the Republic of Ireland as of February 1, 2014. The Company completed the acquisition in order to enhance its strategic development and prospects for growth and provide the Company with an established retail presence in the United Kingdom and improved insight into global fashion trends. The results of Schuh's operations for Fiscal 2014 include net sales of $364.7 million and operating earnings of $3.1 million. The results of Schuh’s operations for Fiscal 2013 include net sales of $370.5 million and operating earnings of $11.2 million. The results of Schuh's operations for the fiscal year from the date of acquisition through January 28, 2012, including net sales of $212.3 million and operating earnings of $11.7 million, have been included in the Company's Consolidated Financial Statements for the fiscal year ended January 28, 2012. During the fiscal year ended January 28, 2012, the Company expensed $7.4 million in costs related to the acquisition. These costs were recorded as selling and administrative expenses on the Consolidated Statement of Operations. Compensation expense related to the Schuh acquisition deferred purchase price obligation was $11.7 million, $12.1 million and $7.2 million in Fiscal 2014, 2013 and 2012, respectively. This expense is included in the operating earnings for the Schuh Group segment.

Note 2

Acquisitions and Intangible Assets, Continued

The acquisition has been accounted for using the purchase method in accordance with the Business Combinations Topic of the Codification. Accordingly, the total purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at acquisition as follows (amounts in thousands):

At June 23, 2011
Cash	$	24,836
Accounts receivable	4,673
Inventories	32,179
Other current assets	7,565
Property and equipment	30,314
Other non-current assets	6,977
Deferred taxes	4,197
Trademarks	27,224
Other intangibles	4,995
Goodwill	102,907
Accounts payable	(16,196		)
Other current liabilities	(24,718		)
Long-term debt (includes current portion)	(62,562		)
Other non-current liabilities	(26,637		)
Net Assets Acquired	$	115,754

The trademarks acquired include the concept names and are deemed to have an indefinite life. Other intangibles include a $1.7 million customer list, a $2.5 million asset to reflect the adjustment of acquired leases to market and a vendor contract of $0.8 million. The weighted average amortization period for the asset to adjust acquired leases to market is 2.7 years. The weighted average amortization period for customer lists is 4.6 years.

Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Specifically, the goodwill recorded as part of the acquisition of Schuh includes the expected purchasing synergies and other benefits that result from combining the Schuh business with the Company, improved insight into global fashion trends, any intangible assets that do not qualify for separate recognition and an acquired assembled workforce. The goodwill related to the Schuh acquisition is not deductible for tax purposes.

Note 2

Acquisitions and Intangible Assets, Continued

The following pro forma information presents the results of operations of the Company as if the Schuh acquisition had taken place at the beginning of Fiscal 2011 or January 31, 2010. Pro forma adjustments have been made to reflect additional interest expense from the $89.0 million in debt associated with the acquisition, interest expense on the acquired debt, amortization of intangible assets and the related income tax effects. Pro forma earnings for the twelve months ended January 28, 2012 have been adjusted to exclude $7.4 million of costs related to the acquisition.

	Twelve Months Ended - Pro forma
In thousands, except per share data	January 28, 2012
Net sales	$	2,384,267
Earnings from continuing operations	96,845
Earnings per share:
Basic	$	4.03
Diluted	$	3.97

The pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the results of operations that would have occurred had the Schuh acquisition occurred at the beginning of Fiscal 2011.

Intangible Assets

Other intangibles by major classes were as follows:

	Leases						Customer Lists						Other*						Total
In thousands	Feb. 1, 2014			Feb. 2, 2013			Feb. 1, 2014			Feb. 2, 2013			Feb. 1, 2014			Feb. 2, 2013			Feb. 1, 2014			Feb. 2, 2013
Gross other intangibles	$	13,104		$	12,584		$	14,381		$	14,116		$	2,242		$	2,118		$	29,727		$	28,818
Accumulated amortization	(11,997		)	(10,800		)	(7,354		)	(5,312		)	(1,294		)	(1,108		)	(20,645		)	(17,220		)
Net Other Intangibles	$	1,107		$	1,784		$	7,027		$	8,804		$	948		$	1,010		$	9,082		$	11,598

*Includes non-compete agreements, vendor contract and backlog.

The amortization of intangibles, including trademarks, was $3.2 million, $3.4 million and $3.2 million for Fiscal 2014, 2013 and 2012, respectively. The amortization of intangibles, including trademarks, will be $2.8 million, $2.1 million, $1.6 million, $1.0 million and $0.9 million for Fiscal 2015, 2016, 2017, 2018 and 2019, respectively.

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Commitments Under Long-Term Leases (Details Textual) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013
Commitments Under Long-Term Leases (Textual) [Abstract]
Percentage of renewal options	3.00%
Tenant allowances	$ 24.2	$ 20.0
Deferred rent	$ 41.6	$ 37.9
United States, Puerto Rico and Canada [Member]
Commitments Under Long-Term Leases (Textual) [Abstract]
Store leases terms maximum	10 years
United Kingdom and the Republic of Ireland [Member]
Commitments Under Long-Term Leases (Textual) [Abstract]
Store leases terms minimum	10 years
Store leases terms maximum	20 years

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Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 12) (USD $) In Millions, unless otherwise specified	Feb. 01, 2014
Pension Benefits
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2014	$ 8.7
2015	8.5
2016	8.3
2017	8.1
2018	8.0
2019 – 2023	36.7
Other Benefits
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2014	0.2
2015	0.2
2016	0.2
2017	0.3
2018	0.3
2019 – 2023	$ 1.8

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Income Taxes (Details Textual) (USD $)	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Operating Loss Carryforwards [Line Items]
Discontinued operations income tax benefit	$ 200,000	$ 300,000	$ 700,000
Additional income tax benefit (expense)	3,800,000	4,800,000	4,600,000
Effective tax rate for continuing operation	41.47%	31.51%	40.25%
Deferred tax valuation allowance	3,771,000	3,541,000
Decrease in valuation allowance	300,000
Accumulated undistributed earnings of foreign subsidiary	26,400,000
Unrecognized tax benefits that would impact effective tax rate	1,300,000	2,400,000	12,600,000
Possibility of decrease in gross tax liability in next 12 months	100,000
Interest on income taxes expense	(100,000)	(1,200,000)	500,000
Income tax penalties expense	(100,000)	100,000	0
Interest on income taxes accrued	900,000	1,100,000	2,300,000
Income tax penalties accrued	100,000	200,000	200,000
Minimum [Member]
Operating Loss Carryforwards [Line Items]
Period of statutes of limitation of subsidiaries in foreign jurisdictions	2 years
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Period of statutes of limitation of subsidiaries in foreign jurisdictions	6 years
Domestic Country [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	1,300,000	1,500,000	1,600,000
Domestic Country [Member] | Minimum [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration dates	Feb. 01, 2025
Domestic Country [Member] | Maximum [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration dates	Feb. 02, 2030
State And Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	0	100,000	100,000
Tax credit carryforward	700,000	900,000	600,000
State And Local Jurisdiction [Member] | Minimum [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration dates	Jan. 30, 2016
Tax credit carryforward, expiration date	Feb. 01, 2014
State And Local Jurisdiction [Member] | Maximum [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration dates	Feb. 01, 2031
Tax credit carryforward, expiration date	Feb. 02, 2019
Foreign Country [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	7,500,000	10,400,000	28,800,000
Operating loss carryforwards, expiration dates	Jan. 29, 2022
Tax credit carryforward	$ 0	$ 0	$ 100,000

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Acquisitions and Intangible Assets (Tables)

12 Months Ended

Feb. 01, 2014

Acquisitions and Intangible Assets [Abstract]

Estimated fair values of assets and liabilities at acquisition

Accordingly, the total purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at acquisition as follows (amounts in thousands):

At June 23, 2011
Cash	$	24,836
Accounts receivable	4,673
Inventories	32,179
Other current assets	7,565
Property and equipment	30,314
Other non-current assets	6,977
Deferred taxes	4,197
Trademarks	27,224
Other intangibles	4,995
Goodwill	102,907
Accounts payable	(16,196		)
Other current liabilities	(24,718		)
Long-term debt (includes current portion)	(62,562		)
Other non-current liabilities	(26,637		)
Net Assets Acquired	$	115,754

Summary of results of earnings from operations

Pro forma earnings for the twelve months ended January 28, 2012 have been adjusted to exclude $7.4 million of costs related to the acquisition.

	Twelve Months Ended - Pro forma
In thousands, except per share data	January 28, 2012
Net sales	$	2,384,267
Earnings from continuing operations	96,845
Earnings per share:
Basic	$	4.03
Diluted	$	3.97

Other intangible assets by major classes

Other intangibles by major classes were as follows:

	Leases						Customer Lists						Other*						Total
In thousands	Feb. 1, 2014			Feb. 2, 2013			Feb. 1, 2014			Feb. 2, 2013			Feb. 1, 2014			Feb. 2, 2013			Feb. 1, 2014			Feb. 2, 2013
Gross other intangibles	$	13,104		$	12,584		$	14,381		$	14,116		$	2,242		$	2,118		$	29,727		$	28,818
Accumulated amortization	(11,997		)	(10,800		)	(7,354		)	(5,312		)	(1,294		)	(1,108		)	(20,645		)	(17,220		)
Net Other Intangibles	$	1,107		$	1,784		$	7,027		$	8,804		$	948		$	1,010		$	9,082		$	11,598

*Includes non-compete agreements, vendor contract and backlog.

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Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details 4) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Feb. 01, 2014	Feb. 02, 2013	Jan. 28, 2012
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 350	$ 350	$ 250
Interest cost	4,584	4,961	5,597
Expected return on plan assets	(6,654)	(7,003)	(7,807)
Prior service cost	0	4	4
Losses	6,160	6,032	4,728
Net amortization	6,160	6,036	4,732
Net Periodic Benefit Cost	4,440	4,344	2,772
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	428	356	166
Interest cost	159	157	174
Expected return on plan assets	0	0	0
Prior service cost	0	0	0
Losses	97	84	79
Net amortization	97	84	79
Net Periodic Benefit Cost	$ 684	$ 597	$ 419

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Business Segment Information (Tables)

12 Months Ended

Feb. 01, 2014

Segment Reporting [Abstract]

Segment reporting information by segment

Fiscal 2014
	Journeys Group			Schuh Group		Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In thousands
Sales	$	1,082,241		$	364,732	$	821,779		$	245,941	$	109,989		$	1,282		$	2,625,964
Intercompany sales	—		—	—		(783		)	—		(209		)	—			(992		)
Net sales to external customers	$	1,082,241		$	364,732	$	820,996		$	245,941	$	109,780		$	1,282		$	2,624,972
Segment operating income (loss)	$	97,377		$	3,063	$	63,748		$	17,638	$	10,614		$	(27,664	)	$	164,776
Asset Impairments and other*	—			—		—			—		—			(1,341		)	(1,341		)
Earnings (loss) from operations	97,377			3,063		63,748			17,638		10,614			(29,005		)	163,435
Interest expense	—			—		—			—		—			(4,641		)	(4,641		)
Interest income	—			—		—			—		—			66			66
Earnings (loss) from continuing operations before income taxes	$	97,377		$	3,063	$	63,748		$	17,638	$	10,614		$	(33,580	)	$	158,860
Total assets**	$	298,105		$	268,514	$	574,664		$	97,532	$	50,955		$	149,514		$	1,439,284
Depreciation and amortization	19,400			11,339		28,345			4,002		468			3,581			67,135
Capital expenditures	20,223			29,673		35,193			9,178		1,452			2,737			98,456

 *Asset Impairments and other includes a $2.3 million charge for asset impairments, of which $1.4 million is in the Lids Sports Group, $0.6 million is in the Journeys Group and $0.3 million is in the Johnston & Murphy Group, a $3.3 million charge for network intrusion costs, a $2.4 million charge for other legal matters and a $1.6 million charge for a lease termination partially offset by a gain of $(8.3) million for the lease termination of a New York City Journeys store.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $182.4 million, $104.9 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group includes $10.1 million of additions in Fiscal 2014 resulting from small acquisitions and the Schuh Group goodwill increased by $4.2 million due to foreign currency translation adjustment.

Note 14

Business Segment Information, Continued

Fiscal 2013
	Journeys Group		Schuh Group		Lids Sports Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
In thousands
Sales	$	1,111,490	370,480		$	793,016		$	221,870		$	108,808		$	1,234		$	2,606,898
Intercompany sales	—		—		(1,761		)	(10		)	(310		)	—			(2,081		)
Net sales to external customers	$	1,111,490	$	370,480	$	791,255		$	221,860		$	108,498		$	1,234		$	2,604,817
Segment operating income (loss)	$	109,953	$	11,209	$	82,867		$	15,696		$	10,078		$	(42,903	)	$	186,900
Asset Impairments and other*	—		—		—			—			—			(17,037		)	(17,037		)
Earnings (loss) from operations	109,953		11,209		82,867			15,696			10,078			(59,940		)	169,863
Interest expense	—		—		—			—			—			(5,126		)	(5,126		)
Interest income	—		—		—			—			—			95			95
Earnings (loss) from continuing operations before income taxes	$	109,953	$	11,209	$	82,867		$	15,696		$	10,078		$	(64,971	)	$	164,832
Total assets**	$	280,396	231,323		$	519,006		$	89,505		$	43,212		$	162,630		$	1,326,072
Depreciation and amortization	20,190		10,040		26,892			3,738			366			2,471			63,697
Capital expenditures	21,852		16,873		21,448			6,680			1,255			3,629			71,737

*Asset Impairments and other includes a $1.4 million charge for asset impairments, of which $0.9 million is in the Lids Sports Group, $0.4 million is in the Journeys Group, and $0.1 million is in the Johnston & Murphy Group, a $15.6 million charge for network intrusion costs and a $0.1 million charge for other legal matters.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $172.3 million, $100.7 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group includes $13.2 million of additions in Fiscal 2013 resulting from small acquisitions and the Schuh Group goodwill increased by $0.8 million due to foreign currency translation adjustment.

Note 14

Business Segment Information, Continued

Fiscal 2012
	Journeys Group		Schuh Group		Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In thousands
Sales	$	1,020,116	$	212,262	$	759,671		$	201,725	$	97,721		$	1,116		$	2,292,611
Intercompany sales	—		—		(347		)	—		(277		)	—			(624		)
Net sales to external customers	$	1,020,116	$	212,262	$	759,324		$	201,725	$	97,444		$	1,116		$	2,291,987
Segment operating income (loss)	$	89,045	$	11,711	$	86,037		$	13,743	$	9,451		$	(45,825	)	$	164,162
Asset Impairments and other*	—		—		—			—		—			(2,677		)	(2,677		)
Earnings (loss) from operations	89,045		11,711		86,037			13,743		9,451			(48,502		)	161,485
Interest expense	—		—		—			—		—			(5,157		)	(5,157		)
Interest income	—		—		—			—		—			65			65
Earnings (loss) from continuing operations before income taxes	$	89,045	$	11,711	$	86,037		$	13,743	$	9,451		$	(53,594	)	$	156,393
Total assets**	$	259,331	$	205,313	$	489,512		$	79,321	$	34,974		$	161,310		$	1,229,761
Depreciation and amortization	20,742		4,602		22,541			3,538		285			2,029			53,737
Capital expenditures	11,125		7,406		24,497			1,894		718			3,816			49,456

*Asset Impairments and other includes a $1.1 million charge for asset impairments, of which $0.6 million is in the Journeys Group, $0.3 million is in the Lids Sports Group and $0.2 million is in the Johnston & Murphy Group, a $0.7 million charge for network intrusion costs and a $0.9 million charge for other legal matters.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $159.1 million, $99.9 million and $0.8 million of goodwill, respectively. Goodwill for the Lids Sports Group includes $6.5 million of additions in Fiscal 2012 resulting from small acquisitions and the Schuh Group goodwill is due to the acquisition of Schuh in the second quarter of Fiscal 2012 of $102.9 million which has been decreased by $3.0 million due to foreign currency translation adjustment.

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Share-Based Compensation Plans

12 Months Ended

Feb. 01, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation Plans

Share-Based Compensation Plans

The Company’s stock-based compensation plans, as of February 1, 2014, are described below. The Company recognizes compensation expense for share-based payments based on the fair value of the awards as required by the Compensation – Stock Compensation Topic of the Codification.

Stock Incentive Plans

The Company has two fixed stock incentive plans. Under the 2009 Amended and Restated Equity Incentive Plan (the “2009 Plan”), effective as of June 22, 2011, the Company may grant options, restricted shares, performance awards and other stock-based awards to its employees, consultants and directors for up to 2.5 million shares of common stock. Under the 2005 Equity Incentive Plan (the “2005 Plan”), effective as of June 23, 2005, the Company was permitted to grant options, restricted shares and other stock-based awards to its employees and consultants as well as directors for up to 2.5 million shares of common stock. There will be no future awards under the 2005 Equity Incentive Plan. Under both plans, the exercise price of each option equals the market price of the Company’s stock on the date of grant, and an option’s maximum term is 10 years. Options granted under both plans vest 25% per year over four years.

For Fiscal 2014, 2013 and 2012, the Company recognized stock option related share-based compensation of $0.0, $0.0 and less than $1,000, respectively, for its fixed stock incentive plans included in selling and administrative expenses in the accompanying Consolidated Statements of Operations. The Company did not capitalize any share-based compensation cost.

The Compensation—Stock Compensation Topic of the Codification requires that the cash flows resulting from tax benefits for tax deductions in excess of the compensation cost recognized for those options (excess tax benefit) be classified as financing cash flows. Accordingly, the Company classified excess tax benefits of $3.8 million, $4.8 million and $4.7 million as financing cash inflows rather than as operating cash inflows on its Consolidated Statement of Cash Flows for Fiscal 2014, 2013 and 2012, respectively.

The Company did not grant any fixed stock options in Fiscal 2014, 2013 or 2012.

Note 12

Share-Based Compensation Plans, Continued

A summary of fixed stock option activity and changes for Fiscal 2014, 2013 and 2012 is presented below:

	Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)(1)
Outstanding, January 29, 2011	877,130		$	24.75
Granted	—		—
Exercised	(390,357	)	24.82
Forfeited	—		—
Outstanding, January 28, 2012	486,773		$	24.70
Granted	—		—
Exercised	(223,618	)	21.50
Forfeited	—		—
Outstanding, February 2, 2013	263,155		$	27.43
Granted	—		—
Exercised	(130,051	)	23.33
Forfeited	(2,250	)	17.50
Outstanding, February 1, 2014	130,854		$	31.67	1.58	$	5,045
Exercisable, February 1, 2014	130,854		$	31.67	1.58	$	5,045

(1) Based upon the difference between the closing market price of the Company’s common stock on the last trading day of the year and the grant price of in-the-money options.

The total intrinsic value, which represents the difference between the underlying stock’s market price and the option’s exercise price, of options exercised during Fiscal 2014, 2013 and 2012 was $6.1 million, $11.5 million and $10.3 million, respectively.

As of February 1, 2014, the Company does not have any nonvested options of its fixed stock incentive plans.

As of February 1, 2014, there was no unrecognized compensation costs related to stock options under the 2009 Plan. Cash received from option exercises under all share-based payment arrangements for Fiscal 2014, 2013 and 2012 was $3.0 million, $4.8 million and $9.7 million, respectively.

Restricted Stock Incentive Plans

Director Restricted Stock

The 2009 Plan permits grants to non-employee directors on such terms as the Company's board of directors may approve. Restricted stock awards were made to independent directors on the date of the annual meeting of shareholders in each of Fiscal 2014, 2013 and 2012. The shares granted in each award vested on the first anniversary of the grant date, subject to the director's continued service through that date. The board of directors also approved a grant of 365 additional shares in Fiscal 2014 and 336 additional shares in Fiscal 2013 to a newly elected director each year on the annual meeting date in

Note 12

Share-Based Compensation Plans, Continued

Fiscal 2014 and 2013 on the same terms as the Fiscal 2014 and 2013 grant to all outside directors. In all cases, the director is restricted from selling, transferring, pledging or assigning the shares for three years from the grant date unless he or she earlier leaves the board.

The Fiscal 2012 grants were valued at $70,000 for each director and Fiscal 2013 and 2014 grants were each valued at $80,000 per director based on the average closing price of the stock for the first five trading days of the month in which they were granted and vested on the first anniversary of the grant date. For Fiscal 2014, 2013 and 2012, the Company issued 9,280 shares, 9,888 shares and 14,643 shares, respectively, of director restricted stock.

For Fiscal 2014, 2013 and 2012, the Company recognized $1.0 million, $0.9 million and $0.8 million, respectively, of director restricted stock related share-based compensation in selling and administrative expenses in the accompanying Consolidated Statements of Operations.

Employee Restricted Stock

Under the 2009 Plan, the Company issued 199,392 shares, 194,232 shares and 289,407 shares of employee restricted stock in Fiscal 2014, 2013 and 2012, respectively. Shares of employee restricted stock issued in Fiscal 2012, 2013 and 2014 vest 25% per year over four years, provided that on such date the grantee has remained continuously employed by the Company since the date of grant. The fair value of employee restricted stock is charged against income as compensation cost over the vesting period. Compensation cost recognized in selling and administrative expenses in the accompanying Consolidated Statements of Operations for these shares was $11.3 million, $9.6 million and $6.9 million for Fiscal 2014, 2013 and 2012, respectively.

Note 12

Share-Based Compensation Plans, Continued

A summary of the status of the Company’s nonvested shares of its employee restricted stock as of February 1, 2014 is presented below:

Nonvested Restricted Shares	Shares		Weighted-Average Grant-Date Fair Value
Nonvested at January 29, 2011	818,119		$	23.95
Granted	289,407		45.14
Vested	(227,691	)	22.58
Withheld for federal taxes	(93,089	)	22.42
Forfeited	(14,081	)	27.38
Nonvested at January 28, 2012	772,665		32.41
Granted	194,232		57.58
Vested	(195,203	)	29.95
Withheld for federal taxes	(75,552	)	29.97
Forfeited	(3,360	)	38.96
Nonvested at February 2, 2013	692,782		40.59
Granted	199,392		65.11
Vested	(199,428	)	34.31
Withheld for federal taxes	(105,193	)	34.42
Forfeited	(6,279	)	46.48
Nonvested at February 1, 2014	581,274		$	52.21

As of February 1, 2014, there was $23.1 million of total unrecognized compensation costs related to nonvested share-based compensation arrangements for restricted stock discussed above. That cost is expected to be recognized over a weighted average period of 1.25 years.

Employee Stock Purchase Plan

Under the Employee Stock Purchase Plan, the Company is authorized to issue up to 1.0 million shares of common stock to qualifying full-time employees whose total annual base salary is less than $90,000, effective October 1, 2002. Prior to October 1, 2002, the total annual base salary was limited to $100,000. Under the terms of the Plan, employees could choose each year to have up to 15% of their annual base earnings or $8,500, whichever is lower, withheld to purchase the Company’s common stock. The purchase price of the stock was 85% of the closing market price of the stock on either the exercise date or the grant date, whichever was less. The Company’s board of directors amended the Company’s Employee Stock Purchase Plan effective October 1, 2005 to provide that participants may acquire shares under the Plan at a 5% discount from fair market value on the last day of the Plan year. Employees can choose each year to have up to 15% of their annual base earnings or $9,500, whichever is lower, withheld to purchase the Company’s common stock. Under the Compensation – Stock Compensation Topic of the Codification, shares issued under the Plan as amended are non-compensatory. Under the Plan, the Company sold 3,146 shares, 2,463 shares and 2,717 shares to employees in Fiscal 2014, 2013 and 2012, respectively.