Shareholders' Equity

6 Months Ended

Aug. 02, 2014

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 8 Shareholders’ Equity

The following tables set forth the changes in Brown Shoe Company, Inc. shareholders’ equity and noncontrolling interests for the twenty-six weeks ended August 2, 2014 and August 3, 2013, respectively:

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at February 1, 2014	$	476,699	$	663	$	477,362
Net earnings		33,493		22		33,515
Other comprehensive loss		(35)		(15)		(50)
Dividends paid		(6,110)		–		(6,110)
Issuance of common stock under share-based plans, net		(523)		–		(523)
Tax benefit related to share-based plans		2,097		–		2,097
Share-based compensation expense		2,961		–		2,961
Equity at August 2, 2014	$	508,582	$	670	$	509,252

($ thousands)	Brown Shoe Company, Inc. Shareholders’ Equity		Noncontrolling Interests		Total Equity
Equity at February 2, 2013	$	425,129	$	772	$	425,901
Net earnings (loss)		4,595		(144)		4,451
Other comprehensive (loss) income		(911)		55		(856)
Dividends paid		(6,048)		–		(6,048)
Issuance of common stock under share-based plans, net		(2,780)		–		(2,780)
Tax benefit related to share-based plans		2,798		–		2,798
Share-based compensation expense		2,935		–		2,935
Equity at August 3, 2013	$	425,718	$	683	$	426,401

Accumulated Other Comprehensive Income (Loss)

The following table sets forth the changes in accumulated other comprehensiveincome (loss) by component for the thirteen and twenty-six weeks ended August 2, 2014 and August 3, 2013:

							Accumulated
	Foreign		Pension and Other				Other
	Currency		Postretirement		Derivative		Comprehensive
($ thousands)	Translation		Transactions		Transactions		Income (Loss)
Balance February 1, 2014	$	2,356	$	13,582	$	738	$	16,676
Other comprehensive income (loss) before reclassifications		887		–		(333)		554
Amounts reclassified from accumulated other comprehensive income (loss)		–		(23)		(54)		(77)
Other comprehensive income (loss)		887		(23)		(387)		477
Balance May 3, 2014	$	3,243	$	13,559	$	351	$	17,153
Other comprehensive income (loss) before reclassifications		244		–		(761)		(517)
Amounts reclassified from accumulated other comprehensive income (loss)		–		(33)		38		5
Other comprehensive income (loss)		244		(33)		(723)		(512)
Balance August 2, 2014	$	3,487	$	13,526	$	(372)	$	16,641
Balance February 2, 2013	$	6,912	$	(5,947)	$	(81)	$	884
Other comprehensive loss before reclassifications		(690)		–		(27)		(717)
Amounts reclassified from accumulated other comprehensive income (loss)		–		145		(87)		58
Other comprehensive (loss) income		(690)		145		(114)		(659)
Balance May 4, 2013	$	6,222	$	(5,802)	$	(195)	$	225
Other comprehensive (loss) income before reclassifications		(900)		–		662		(238)
Amounts reclassified from accumulated other comprehensive income (loss)		–		136		(150)		(14)
Other comprehensive (loss) income		(900)		136		512		(252)
Balance August 3, 2013	$	5,322	$	(5,666)	$	317	$	(27)

The following table sets forth the reclassifications out of accumulated other comprehensive income (loss) and the related tax effect by component for the thirteenand twenty-six weeks ended August 2, 2014 and August 3, 2013:

		Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)							Affected Line Item in the
		Thirteen Weeks Ended				Twenty-six Weeks Ended			Condensed Consolidated
($ thousands)		August 2, 2014		August 3, 2013		August 2, 2014		August 3, 2013	Statements of Earnings
Net losses (gains) from derivative financial instruments (1)	$	55	$	(230)	$	(23)	$	(362)	Costs of goods sold and selling and administrative expenses
Tax (benefit) provision		(17)		80		7		125	Income tax provision
Net losses (gains) from derivative financial instruments, net of tax		38		(150)		(16)		(237)
Pension and other postretirement benefits actuarial (gain) loss (2)		(65)		217		(115)		445	Selling and administrative expenses
Pension benefits prior service expense (2)		6		4		14		6	Selling and administrative expenses
Pension and other postretirement benefits adjustments		(59)		221		(101)		451
Tax provision (benefit)		26		(85)		45		(170)	Income tax provision
Pension and other postretirement benefits adjustments, net of tax		(33)		136		(56)		281
Amounts reclassified from accumulated other comprehensive income (loss)	$	5	$	(14)	$	(72)	$	44

(1) See Note 11 and 12 to the condensed consolidated financial statements for additional information related to derivative financial instruments.

(2) See Note 10 to the condensed consolidated financial statements for additional information related to pension and other postretirement benefits.