Business Segment Information

3 Months Ended

Apr. 30, 2022

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 April 30, 2022 and May 1, 2021:

	Famous		Brand		Eliminations
($ thousands)	Footwear		Portfolio		and Other		Total
Thirteen Weeks Ended April 30, 2022
Net sales	$	384,502	$	365,740	$	(15,126)	$	735,116
Intersegment sales (1)		—		15,126		—		15,126
Operating earnings (loss)		49,688		41,349		(24,842)		66,195
Segment assets		790,778		987,397		150,123		1,928,298
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

(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 to earnings before income taxes:

	Thirteen Weeks Ended
($ thousands)	April 30, 2022		May 1, 2021
Operating earnings	$	66,195	$	17,870
Interest expense, net		(2,299)		(11,792)
Other income, net		3,422		3,828
Earnings before income taxes	$	67,318	$	9,906