Business Segment Information

3 Months Ended

May 01, 2021

Business Segment Information

Business Segment Information

Note 6    Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended May 1, 2021 and May 2, 2020:

	Famous		Brand		Eliminations
($ thousands)	Footwear		Portfolio		and Other		Total
Thirteen Weeks Ended May 1, 2021
Net sales	$	398,104	$	250,305	$	(9,773)	$	638,636
Intersegment sales (1)		—		9,773		—		9,773
Operating earnings (loss)		47,873		(2,821)		(27,182)		17,870
Segment assets		758,823		794,430		249,570		1,802,823
Thirteen Weeks Ended May 2, 2020
Net sales	$	191,252	$	217,238	$	(11,306)	$	397,184
Intersegment sales (1)		—		11,306		—		11,306
Operating loss		(67,540)		(345,748)		(12,923)		(426,211)
Segment assets		897,046		995,760		330,879		2,223,685

(1) Included in net sales in the Brand Portfolio segment and eliminated in the Eliminations and Other category.

The Eliminations and Other category includes corporate assets, administrative expenses and other costs and recoveries, which are not allocated to the operating segments, as well as the elimination of intersegment sales and profit.

Following is a reconciliation of operating earnings (loss) to earnings (loss) before income taxes:

	Thirteen Weeks Ended
($ thousands)	May 1, 2021		May 2, 2020
Operating earnings (loss)	$	17,870	$	(426,211)
Interest expense, net		(11,792)		(9,478)
Other income, net		3,828		3,585
Earnings (loss) before income taxes	$	9,906	$	(432,104)