Financial Information For The Company And Its Subsidiaries (Tables)

6 Months Ended

Aug. 01, 2015

Financial Information For The Company And Its Subsidiaries [Abstract]

Schedule Of Condensed Consolidating Balance Sheet

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF AUGUST 2, 2014
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	—	$	—	$	46,876		$	—		$	46,876
Receivables, net	85,285		2,491		37,708			—			125,484
Inventories, net	160,581		470,596		26,479			—			657,656
Prepaid expenses and other current assets	11,869		20,278		7,020			—			39,167
Intercompany receivable – current	1,958		—		19,165			(21,123		)	—
Total current assets	259,693		493,365		137,248			(21,123		)	869,183
Other assets	119,473		13,455		1,851			—			134,779
Goodwill and intangible assets, net	119,041		2,800		14,921			—			136,762
Property and equipment, net	26,935		112,203		9,220			—			148,358
Investment in subsidiaries	886,736		—		(19,151		)	(867,585		)	—
Intercompany receivable  –  noncurrent	450,516		278,910		485,949			(1,215,375		)	—
Total assets	$	1,862,394	$	900,733	$	630,038		$	(2,104,083	)	$	1,289,082
Liabilities and Equity
Current liabilities
Trade accounts payable	$	104,054	$	192,787	$	44,853		$	—		$	341,694
Other accrued expenses	49,838		94,649		14,665			—			159,152
Intercompany payable – current	6,143		—		14,980			(21,123		)	—
Total current liabilities	160,035		287,436		74,498			(21,123		)	500,846
Other liabilities
Long-term debt	199,104		—		—			—			199,104
Other liabilities	34,659		37,543		7,678			—			79,880
Intercompany payable – noncurrent	960,014		38,569		216,792			(1,215,375		)	—
Total other liabilities	1,193,777		76,112		224,470			(1,215,375		)	278,984
Equity
Caleres, Inc. shareholders’ equity	508,582		537,185		330,400			(867,585		)	508,582
Noncontrolling interests	—		—		670			—			670
Total equity	508,582		537,185		331,070			(867,585		)	509,252
Total liabilities and equity	$	1,862,394	$	900,733	$	630,038		$	(2,104,083	)	$	1,289,082

CONDENSED CONSOLIDATING BALANCE SHEET
AS OF JANUARY 31, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	13,891	$	—	$	53,512		$	—		$	67,403
Receivables, net	89,030		5,398		42,218			—			136,646
Inventories, net	148,082		376,254		18,767			—			543,103
Prepaid expenses and other current assets	41,494		20,777		8,964			(27,491		)	43,744
Intercompany receivable  – current	1,194		—		8,750			(9,944		)	—
Total current assets	293,691		402,429		132,211			(37,435		)	790,896
Other assets	113,922		13,733		13,931			—			141,586
Goodwill and intangible assets, net	117,792		2,800		13,995			—			134,587
Property and equipment, net	29,237		109,720		10,786			—			149,743
Investment in subsidiaries	956,831		—		(18,909		)	(937,922		)	—
Intercompany receivable  – noncurrent	459,774		306,871		539,396			(1,306,041		)	—
Total assets	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812
Liabilities and Equity
Current liabilities
Trade accounts payable	$	60,377	$	114,208	$	41,336		$	—		$	215,921
Other accrued expenses	110,714		85,638		12,301			(27,491		)	181,162
Intercompany payable – current	4,948		—		4,996			(9,944		)	—
Total current liabilities	176,039		199,846		58,633			(37,435		)	397,083
Other liabilities
Long-term debt	199,197		—		—			—			199,197
Other liabilities	41,847		32,574		4,489			—			78,910
Intercompany payable – noncurrent	1,013,254		21,078		271,709			(1,306,041		)	—
Total other liabilities	1,254,298		53,652		276,198			(1,306,041		)	278,107
Equity
Caleres, Inc. shareholders’ equity	540,910		582,055		355,867			(937,922		)	540,910
Noncontrolling interests	—		—		712			—			712
Total equity	540,910		582,055		356,579			(937,922		)	541,622
Total liabilities and equity	$	1,971,247	$	835,553	$	691,410		$	(2,281,398	)	$	1,216,812

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET
AS OF AUGUST 1, 2015
					Non-
($ thousands)	Parent		Guarantors		Guarantors			Eliminations			Total
Assets
Current assets
Cash and cash equivalents	$	42,738	$	12,742	$	73,865		$	—		$	129,345
Restricted cash	41,482		—		—			—			41,482
Receivables, net	102,455		2,635		39,123			—			144,213
Inventories, net	158,061		458,869		24,198			—			641,128
Prepaid expenses and other current assets	12,032		22,554		6,416			—			41,002
Intercompany receivable – current	369		120		14,122			(14,611		)	—
Total current assets	357,137		496,920		157,724			(14,611		)	997,170
Other assets	133,056		15,227		(1,556		)	—			146,727
Goodwill and intangible assets, net	116,670		2,800		13,267			—			132,737
Property and equipment, net	31,530		109,463		9,846			—			150,839
Investment in subsidiaries	1,010,293		—		(18,530		)	(991,763		)	—
Intercompany receivable – noncurrent	425,872		359,067		533,324			(1,318,263		)	—
Total assets	$	2,074,558	$	983,477	$	694,075		$	(2,324,637	)	$	1,427,473
Liabilities and Equity
Current liabilities
Current portion of long-term debt	$	39,157	$	—	$	—		$	—		$	39,157
Trade accounts payable	121,213		222,148		39,265			—			382,626
Other accrued expenses	44,465		96,992		14,649			—			156,106
Intercompany payable – current	5,211		297		9,103			(14,611		)	—
Total current liabilities	210,046		319,437		63,017			(14,611		)	577,889
Other liabilities
Long-term debt	200,000		—		—			—			200,000
Other liabilities	44,049		33,812		2,495			—			80,356
Intercompany payable – noncurrent	1,052,118		37,745		228,400			(1,318,263		)	—
Total other liabilities	1,296,167		71,557		230,895			(1,318,263		)	280,356
Equity
Caleres, Inc. shareholders’ equity	568,345		592,483		399,280			(991,763		)	568,345
Noncontrolling interests	—		—		883			—			883
Total equity	568,345		592,483		400,163			(991,763		)	569,228
Total liabilities and equity	$	2,074,558	$	983,477	$	694,075		$	(2,324,637	)	$	1,427,473

Schedule Of Condensed Consolidating Statement Of Comprehensive Income (Loss)

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	389,160		$	795,906		$	136,150		$	(81,099	)	$	1,240,117
Cost of goods sold	282,343			427,354			84,526			(65,427		)	728,796
Gross profit	106,817			368,552			51,624			(15,672		)	511,321
Selling and administrative expenses	113,197			316,310			31,416			(15,672		)	445,251
Operating (loss) earnings	(6,380		)	52,242			20,208			—			66,070
Interest expense	(8,807		)	(1		)	—			—			(8,808		)
Loss on early extinguishment of debt	(8,690		)	—			—			—			(8,690		)
Interest income	448			—			94			—			542
Intercompany interest income (expense)	7,109			(7,193		)	84			—			—
(Loss) earnings before income taxes	(16,320		)	45,048			20,386			—			49,114
Income tax benefit (provision)	5,335			(15,590		)	(2,605		)	—			(12,860		)
Equity in earnings of subsidiaries, net of tax	47,071			—			378			(47,449		)	—
Net earnings	36,086			29,458			18,159			(47,449		)	36,254
Less: Net earnings attributable to noncontrolling interests	—			—			168			—			168
Net earnings attributable to Caleres, Inc.	$	36,086		$	29,458		$	17,991		$	(47,449	)	$	36,086
Comprehensive income	$	36,398		$	29,570		$	18,275		$	(47,674	)	$	36,569
Less: Comprehensive income attributable to noncontrolling interests	—			—			171			—			171
Comprehensive income attributable to Caleres, Inc.	$	36,398		$	29,570		$	18,104		$	(47,674	)	$	36,398

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	362,758		$	795,330		$	158,931		$	(89,980	)	$	1,227,039
Cost of goods sold	263,899			433,619			103,156			(75,618		)	725,056
Gross profit	98,859			361,711			55,775			(14,362		)	501,983
Selling and administrative expenses	106,346			310,783			39,188			(14,362		)	441,955
Operating (loss) earnings	(7,487		)	50,928			16,587			—			60,028
Interest expense	(10,430		)	(1		)	—			—			(10,431		)
Interest income	13			—			172			—			185
Intercompany interest income (expense)	7,802			(7,720		)	(82		)	—			—
(Loss) earnings before income taxes	(10,102		)	43,207			16,677			—			49,782
Income tax benefit (provision)	2,148			(17,229		)	(1,186		)	—			(16,267		)
Equity in earnings (loss) of subsidiaries, net of tax	41,447			—			(207		)	(41,240		)	—
Net earnings	33,493			25,978			15,284			(41,240		)	33,515
Less: Net loss attributable to noncontrolling interests	—			—			22			—			22
Net earnings attributable to Caleres, Inc.	$	33,493		$	25,978		$	15,262		$	(41,240	)	$	33,493
Comprehensive income	$	33,473		$	26,526		$	15,818		$	(42,337	)	$	33,480
Less: Comprehensive loss attributable to noncontrolling interests	—			—			7			—			7
Comprehensive income attributable to Caleres, Inc.	$	33,473		$	26,526		$	15,811		$	(42,337	)	$	33,473

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	196,809		$	415,717		$	81,169		$	(55,861	)	$	637,834
Cost of goods sold	144,750			225,771			47,563			(43,045		)	375,039
Gross profit	52,059			189,946			33,606			(12,816		)	262,795
Selling and administrative expenses	60,220			164,064			15,593			(12,816		)	227,061
Operating (loss) earnings	(8,161		)	25,882			18,013			—			35,734
Interest expense	(4,345		)	—			—			—			(4,345		)
Loss on early extinguishment of debt	(8,690		)	—			—			—			(8,690		)
Interest income	196			—			42			—			238
Intercompany interest income (expense)	3,432			(3,471		)	39			—			—
(Loss) earnings before income taxes	(17,568		)	22,411			18,094			—			22,937
Income tax benefit (provision)	3,651			(7,570		)	(2,155		)	—			(6,074		)
Equity in earnings of subsidiaries, net of tax	30,742			—			394			(31,136		)	—
Net earnings	16,825			14,841			16,333			(31,136		)	16,863
Less: Net earnings attributable to noncontrolling interests	—			—			38			—			38
Net earnings attributable to Caleres, Inc.	$	16,825		$	14,841		$	16,295		$	(31,136	)	$	16,825
Comprehensive income	$	16,181		$	14,229		$	15,719		$	(29,911	)	$	16,218
Less: Comprehensive income attributable to noncontrolling interests	—			—			37			—			37
Comprehensive income attributable to Caleres, Inc.	$	16,181		$	14,229		$	15,682		$	(29,911	)	$	16,181

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRTEEN WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations			Total
Net sales	$	183,598		$	417,917		$	94,578		$	(60,216	)	$	635,877
Cost of goods sold	136,433			229,064			60,154			(49,416		)	376,235
Gross profit	47,165			188,853			34,424			(10,800		)	259,642
Selling and administrative expenses	57,149			164,142			17,849			(10,800		)	228,340
Operating (loss) earnings	(9,984		)	24,711			16,575			—			31,302
Interest expense	(5,125		)	—			—			—			(5,125		)
Interest income	12			—			97			—			109
Intercompany interest income (expense)	3,828			(3,787		)	(41		)	—			—
(Loss) earnings before income taxes	(11,269		)	20,924			16,631			—			26,286
Income tax benefit (provision)	1,684			(8,375		)	(1,556		)	—			(8,247		)
Equity in earnings of subsidiaries, net of tax	27,649			—			81			(27,730		)	—
Net earnings	18,064			12,549			15,156			(27,730		)	18,039
Less: Net earnings attributable to noncontrolling interests	—			—			(25		)	—			(25		)
Net earnings attributable to Caleres, Inc.	$	18,064		$	12,549		$	15,181		$	(27,730	)	$	18,064
Comprehensive income	$	17,555		$	12,541		$	15,143		$	(27,712	)	$	17,527
Less: Comprehensive income attributable to noncontrolling interests	—			—			(28		)	—			(28		)
Comprehensive income attributable to Caleres, Inc.	$	17,555		$	12,541		$	15,171		$	(27,712	)	$	17,555

Schedule Of Condensed Consolidating Statement Of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 2, 2014
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(14,071	)	$	57,490		$	23,072		$	—	$	66,491
Investing activities
Purchases of property and equipment	(2,810		)	(19,355		)	(1,346		)	—		(23,511		)
Capitalized software	(2,642		)	(43		)	(29		)	—		(2,714		)
Acquisition of trademarks	(65,065		)	—			—			—		(65,065		)
Intercompany investing	(624		)	(295		)	919			—		—
Net cash used for investing activities	(71,141		)	(19,693		)	(456		)	—		(91,290		)
Financing activities
Borrowings under revolving credit agreement	456,000			—			—			—		456,000
Repayments under revolving credit agreement	(463,000		)	—			—			—		(463,000		)
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
Intercompany financing	96,748			(37,797		)	(58,951		)	—		—
Net cash provided by (used for) financing activities	85,212			(37,797		)	(58,951		)	—		(11,536		)
Effect of exchange rate changes on cash and cash equivalents	—			—			665			—		665
Decrease in cash and cash equivalents	—			—			(35,670		)	—		(35,670		)
Cash and cash equivalents at beginning of period	—			—			82,546			—		82,546
Cash and cash equivalents at end of period	$	—		$	—		$	46,876		$	—	$	46,876

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE TWENTY-SIX WEEKS ENDED AUGUST 1, 2015
							Non-
($ thousands)	Parent			Guarantors			Guarantors			Eliminations		Total
Net cash (used for) provided by operating activities	$	(3,561	)	$	71,298		$	33,518		$	—	$	101,255
Investing activities
Purchases of property and equipment	(9,933		)	(14,470		)	(469		)	—		(24,872		)
Disposals of property and equipment	7,111			—			—			—		7,111
Capitalized software	(1,959		)	(739		)	—			—		(2,698		)
Intercompany investing	(253		)	253			—			—		—
Net cash used for investing activities	(5,034		)	(14,956		)	(469		)	—		(20,459		)
Financing activities
Borrowings under revolving credit agreement	86,000			—			—			—		86,000
Repayments under revolving credit agreement	(86,000		)	—			—			—		(86,000		)
Proceeds from issuance of 2023 senior notes	200,000			—			—			—		200,000
Redemption of 2019 senior notes	(160,700		)	—			—			—		(160,700		)
Restricted cash	(41,482		)	—			—			—		(41,482		)
Debt issuance costs	(3,650		)	—			—			—		(3,650		)
Dividends paid	(6,135		)	—			—			—		(6,135		)
Acquisition of treasury stock	(4,921		)	—			—			—		(4,921		)
Issuance of common stock under share-based plans, net	(4,428		)	—			—			—		(4,428		)
Tax benefit related to share-based plans	2,838			—			—			—		2,838
Intercompany financing	55,920			(43,600		)	(12,320		)	—		—
Net cash provided by (used for) financing activities	37,442			(43,600		)	(12,320		)	—		(18,478		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(376		)	—		(376		)
Increase in cash and cash equivalents	28,847			12,742			20,353			—		61,942
Cash and cash equivalents at beginning of period	13,891			—			53,512			—		67,403
Cash and cash equivalents at end of period	$	42,738		$	12,742		$	73,865		$	—	$	129,345