Shareholders' Equity

9 Months Ended

Nov. 02, 2013

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 9 Shareholders’ Equity

The following tables set forth the changes in Brown Shoe Company, Inc. shareholders’ equity and noncontrolling interests for the thirty-nine weeks ended November 2, 2013 and October 27, 2012, respectively:

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at February 2, 2013	$	425,129	$	772	$	425,901
Net earnings (loss)		31,909		(174)		31,735
Other comprehensive (loss) income		(905)		60		(845)
Dividends paid		(9,073)		–		(9,073)
Issuance of common stock under share-based plans, net		(2,406)		–		(2,406)
Tax benefit related to share-based plans		2,581		–		2,581
Share-based compensation expense		4,066		–		4,066
Equity at November 2, 2013	$	451,301	$	658	$	451,959

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at January 28, 2012	$	412,669	$	1,047	$	413,716
Net earnings (loss)		23,452		(251)		23,201
Other comprehensive income		219		3		222
Dividends paid		(9,007)		–		(9,007)
Issuance of common stock under share-based plans, net		(1,860)		–		(1,860)
Tax benefit related to share-based plans		889		–		889
Share-based compensation expense		4,776		–		4,776
Equity at October 27, 2012	$	431,138	$	799	$	431,937

Accumulated Other Comprehensive (Loss) Income

The following table sets forth the changes in accumulated other comprehensive (loss) income by component for the thirteen and thirty-nine weeks ended November 2, 2013:

	Accumulated		Accumulated		Accumulated		Other
	Currency		Derivative		Postretirement		Comprehensive
($ thousands)	Translation		Transactions		Transactions		(Loss) Income
Balance August 3, 2013	$	5,322	$	317	$	(5,666)	$	(27)
Other comprehensive (loss) income before reclassifications		(100)		79		–		(21)
Amounts reclassified from accumulated other comprehensive (loss) income		–		(111)		138		27
Other comprehensive (loss) income		(100)		(32)		138		6
Balance November 2, 2013	$	5,222	$	285	$	(5,528)	$	(21)
Balance February 2, 2013		6,912		(81)		(5,947)		884
Other comprehensive (loss) income before reclassifications		(1,690)		714		–		(976)
Amounts reclassified from accumulated other comprehensive (loss) income		–		(348)		419		71
Other comprehensive (loss) income		(1,690)		366		419		(905)
Balance November 2, 2013	$	5,222	$	285	$	(5,528)	$	(21)

The following table sets forth the reclassifications out of accumulated other comprehensive (loss) income and the related tax effect by component for the thirteen and thirty-nine weeks ended November 2, 2013:

		Thirteen Weeks Ended November 2, 2013
		Derivative		Postretirement		Tax
($ thousands)		Transactions		Transactions		Effect		Total
Net gains from derivative financial instruments	$	(168)	$	–	$	57	$	(111)
Pension and other postretirement benefits actuarial loss		–		216		(81)		135
Pension benefits prior service expense		–		4		(1)		3
	$	(168)	$	220	$	(25)	$	27
		Thirty-nine Weeks Ended November 2, 2013
		Derivative		Postretirement		Tax
($ thousands)		Transactions		Transactions		Effect		Total
Net gains from derivative financial instruments	$	(530)	$	–	$	182	$	(348)
Pension and other postretirement benefits actuarial loss		–		661		(249)		412
Pension benefits prior service expense		–		10		(3)		7
	$	(530)	$	671	$	(70)	$	71

Reclassifications related to pension and other postretirement benefits impacted selling and administrative expenses on the condensed consolidated statement of earnings. See Note 12 to the condensed consolidated financial statements for additional information related to derivative financial instruments.