Fair Value Measurements (Tables)

3 Months Ended

May 01, 2021

Fair Value Measurements

Schedule of fair value, assets and liabilities measured on recurring basis

	Fair Value Measurements
($ thousands)	Total		Level 1		Level 2		Level 3
Asset (Liability)
May 1, 2021:
Cash equivalents – money market funds	$	57,000	$	57,000	$	—	$	—
Non-qualified deferred compensation plan assets		8,169		8,169		—		—
Non-qualified deferred compensation plan liabilities		(8,169)		(8,169)		—		—
Deferred compensation plan liabilities for non-employee directors		(1,185)		(1,185)		—		—
Restricted stock units for non-employee directors		(2,571)		(2,571)		—		—
Mandatory purchase obligation - Blowfish Malibu		(45,523)		—		—		(45,523)
May 2, 2020:
Cash equivalents – money market funds	$	146,009	$	146,009	$	—	$	—
Non-qualified deferred compensation plan assets		7,435		7,435		—		—
Non-qualified deferred compensation plan liabilities		(7,435)		(7,435)		—		—
Deferred compensation plan liabilities for non-employee directors		(818)		(818)		—		—
Restricted stock units for non-employee directors		(1,093)		(1,093)		—		—
Mandatory purchase obligation - Blowfish Malibu		(18,433)		—		—		(18,433)
January 30, 2021:
Cash equivalents – money market funds	$	45,000	$	45,000	$	—	$	—
Non-qualified deferred compensation plan assets		7,918		7,918		—		—
Non-qualified deferred compensation plan liabilities		(7,918)		(7,918)		—		—
Deferred compensation plan liabilities for non-employee directors		(989)		(989)		—		—
Restricted stock units for non-employee directors		(1,661)		(1,661)		—		—
Mandatory purchase obligation - Blowfish Malibu		(39,134)		—		—		(39,134)

Details of long-lived asset impairment charges

	Thirteen Weeks Ended
($ thousands)	May 1, 2021		May 2, 2020
Long-Lived Asset Impairment Charges
Famous Footwear	$	400	$	14,896
Brand Portfolio		1,488		20,326
Total long-lived asset impairment charges	$	1,888	$	35,222

Fair value, by balance Sheet grouping

	May 1, 2021				May 2, 2020				January 30, 2021
	Carrying				Carrying				Carrying
($ thousands)	Value (1)		Fair Value		Value (1)		Fair Value		Value (1)		Fair Value
Borrowings under revolving credit agreement	$	200,000	$	200,000	$	438,500	$	438,500	$	250,000	$	250,000
Long-term debt		200,000		200,500		200,000		178,000		200,000		201,000
Total debt	$	400,000	$	400,500	$	638,500	$	616,500	$	450,000	$	451,000

(1) Excludes unamortized debt issuance costs and debt discount