Revenues (Tables)

6 Months Ended

Aug. 04, 2018

Revenue from Contract with Customer [Abstract]

Schedule of Impact of the Adoption of Topic 606

The impact of all changes related to Topic 606 to the statement of earnings for the thirteen and twenty-six weeks ended August 4, 2018 was as follows:



	For the Thirteen Weeks Ended August 4, 2018
($ thousands)	As reported		Balances without the adoption of Topic 606		Effect of change (Lower)/Higher

Statement of Earnings
Net sales	$	706,612	$	707,262	$	(650	)
Cost of goods sold	413,511		413,594		(83		)
Gross profit	293,101		293,668		(567		)
Selling and administrative expenses	258,835		259,462		(627		)
Restructuring and other special charges, net	2,123		2,123		—
Operating earnings	$	32,143	$	32,083	$	60


	For the Twenty-Six Weeks Ended August 4, 2018
($ thousands)	As reported		Balances without the adoption of Topic 606		Effect of change (Lower)/Higher

Statement of Earnings
Net sales	$	1,338,754	$	1,340,183	$	(1,429	)
Cost of goods sold	770,731		770,806		(75		)
Gross profit	568,023		569,377		(1,354		)
Selling and administrative expenses	509,033		510,250		(1,217		)
Restructuring and other special charges, net	3,900		3,900		—
Operating earnings	$	55,090	$	55,227	$	(137	)

The impact of the adoption of Topic 606 on the condensed balance sheet as of August 4, 2018 was as follows:



	August 4, 2018
($ thousands)	As reported		Balances without adoption of Topic 606		Effect of change Higher/(Lower)

Balance sheet
Assets
Current assets:
Receivables, net	$	153,421	$	148,263	$	5,158
Inventories, net	715,705		719,930		(4,225		)
Prepaid expenses and other current assets	62,159		55,953		6,206

Liabilities
Current liabilities:
Other accrued expenses	195,987		183,979		12,008

Equity
Retained earnings	612,044		616,913		(4,869		)

Schedule of Disaggregation of Revenue

The following table disaggregates revenue by segment and major source for the periods ended August 4, 2018:



	For the Thirteen Weeks Ended August 4, 2018
($ thousands)	Famous Footwear		Brand Portfolio		Total

Retail stores	$	401,008	$	43,587	$	444,595
Landed wholesale	—		164,454		164,454
First-cost wholesale	—		27,160		27,160
E-commerce	28,332		37,273		65,605
Licensing and royalty	—		4,582		4,582
Other ⁽¹⁾	132		84		216
Net sales	$	429,472	$	277,140	$	706,612

	For the Twenty-Six Weeks Ended August 4, 2018
($ thousands)	Famous Footwear		Brand Portfolio		Total


Retail stores	$	739,264	$	86,371	$	825,635
Landed wholesale	—		332,264		332,264
First-cost wholesale	—		40,565		40,565
E-commerce	53,346		78,223		131,569
Licensing and royalty	—		8,294		8,294
Other ⁽¹⁾	273		154		427
Net sales	$	792,883	$	545,871	$	1,338,754
⁽¹⁾Includes breakage revenue from unredeemed gift cards

^[1]

Schedule of Contract Balances

Information about significant contract balances from contracts with customers is as follows:



($ thousands)	August 4, 2018		February 3, 2018
Customer allowances and discounts	$	21,838	$	20,259
Rewards program liability	14,780		8,130
Returns reserve	10,774		8,332
Gift card liability	4,420		5,509

[1]	Includes breakage revenue from unredeemed gift cards