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Earnings Per Share
 3 Months Ended
Apr. 29, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Note 4
Earnings Per Share
 
The Company uses the two-class method to compute basic and diluted earnings per common share attributable to Caleres, Inc. shareholders. In periods of net loss, no effect is given to the Company’s participating securities since they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted earnings per common share attributable to Caleres, Inc. shareholders for the periods ended April 29, 2017 and April 30, 2016:
 
 
Thirteen Weeks Ended
($ thousands, except per share amounts)
April 29, 2017

April 30, 2016

NUMERATOR
 

 

Net earnings
$
14,884

$
17,878

Net loss (earnings) attributable to noncontrolling interests
18

(96
)
Net earnings allocated to participating securities
(408
)
(486
)
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities
$
14,494

$
17,296

 
 
 
DENOMINATOR
 

 

Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders
41,832

42,433

Dilutive effect of share-based awards
169

163

Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders
42,001

42,596


 
 
Basic earnings per common share attributable to Caleres, Inc. shareholders
$
0.35

$
0.41


 
 
Diluted earnings per common share attributable to Caleres, Inc. shareholders
$
0.35

$
0.41


 
Options to purchase 16,667 and 66,165 shares of common stock for the thirteen weeks ended April 29, 2017 and April 30, 2016 were not included in the denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders because the effect would be anti-dilutive.

During the thirteen weeks ended April 29, 2017 and April 30, 2016, the Company repurchased 225,000 shares and 450,000 shares, respectively, under the publicly announced share repurchase program, which permits repurchases of up to 2.5 million shares. As of April 29, 2017, the Company has repurchased a total of 1.3 million shares under this program.