Following is a summary of the expected effects of these changes on the Company's Consolidated Balance Sheets, Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income, and Consolidated Statements of Cash Flows for Fiscal 2013, 2012 and 2011; and on the Company's Condensed Consolidated Balance Sheets, Statements of Operations, Statements of Comprehensive Income and Statements of Cash Flows for the three months ended May 4, 2013, three months ended April 28, 2012 and the three and six months ended July 28, 2012. The corrections have no impact on total revenues or total cash flows for the restated periods and had no impact on the Company's compliance with debt covenants in any period presented.

Note 2

Restatement of Previously Issued Financial Statements, Continued



	As of and for the year ended February 2, 2013
	As Previously Reported			Adjustments			As Restated
(In Thousands, except per share amounts)
Consolidated Balance Sheets
Deferred income taxes	$	26,448		$	(7,717	)	$	18,731
Total assets	1,333,789			(7,717		)	1,326,072
Accrued employee compensation	55,078			163			55,241
Accrued other taxes	27,004			(1,019		)	25,985
Total current liabilities	276,054			(856		)	275,198
Deferred rent and other long-term liabilities	177,537			(20,130		)	157,407
Total liabilities	523,271			(20,986		)	502,285
Retained earnings	655,920			13,269			669,189
Total Genesco equity	808,591			13,269			821,860
Total equity	810,518			13,269			823,787
Total liabilities and equity	1,333,789			(7,717		)	1,326,072
Consolidated Statements of Operations and Comprehensive Income
Cost of sales	$	1,306,470		$	(270	)	$	1,306,200
Selling and administrative expenses	1,113,340			(1,623		)	1,111,717
Earnings from operations	167,970			1,893			169,863
Earnings from continuing operations before income taxes	162,939			1,893			164,832
Income tax expense	51,941			(6		)	51,935
Earnings from continuing operations	110,998			1,899			112,897
Net earnings	110,536			1,899			112,435
Comprehensive Income	115,261			1,899			117,160
Basic EPS - continuing operations	4.70			0.08			4.78
Basic EPS - net earnings	4.68			0.08			4.76
Diluted EPS - continuing operations	4.62			0.07			4.69
Diluted EPS - net earnings	4.60			0.08			4.68
Consolidated Statements of Cash Flows
Net earnings	$	110,536		$	1,899		$	112,435
Deferred income taxes	(17,831		)	213			(17,618		)
Other accrued liabilities	(6,908		)	284			(6,624		)
Other assets and liabilities	51,739			(2,396		)	49,343

Note 2

Restatement of Previously Issued Financial Statements, Continued



	As of and for the year ended January 28, 2012
	As Previously Reported		Adjustments			As Restated
(In Thousands, except per share amounts)
Consolidated Balance Sheets
Deferred income taxes	$	28,152	$	(7,504	)	$	20,648
Total assets	1,237,265		(7,504		)	1,229,761
Accrued employee compensation	53,029		(300		)	52,729
Accrued other taxes	26,293		(1,059		)	25,234
Accrued income taxes	16,390		219			16,609
Total current liabilities	304,462		(1,140		)	303,322
Deferred rent and other long-term liabilities	156,794		(17,734		)	139,060
Total liabilities	519,655		(18,874		)	500,781
Retained earnings	586,990		11,370			598,360
Total Genesco equity	715,361		11,370			726,731
Total equity	717,610		11,370			728,980
Total liabilities and equity	1,237,265		(7,504		)	1,229,761
Consolidated Statements of Operations and Comprehensive Income
Cost of sales	$	1,144,281	$	(649	)	$	1,143,632
Selling and administrative expenses	1,001,159		(16,966		)	984,193
Earnings from operations	143,870		17,615			161,485
Earnings from continuing operations before income taxes	138,778		17,615			156,393
Income tax expense	55,794		7,148			62,942
Earnings from continuing operations	82,984		10,467			93,451
Net earnings	81,959		10,467			92,426
Comprehensive Income	73,298		10,467			83,765
Basic EPS - continuing operations	3.56		0.33			3.89
Basic EPS - net earnings	3.52		0.32			3.84
Diluted EPS - continuing operations	3.48		0.35			3.83
Diluted EPS - net earnings	3.43		0.36			3.79
Consolidated Statements of Cash Flows
Net earnings	$	81,959	$	10,467		$	92,426
Deferred income taxes	2,732		6,929			9,661
Other accrued liabilities	9,046		338			9,384
Other assets and liabilities	23,270		(17,734		)	5,536

Note 2

Restatement of Previously Issued Financial Statements, Continued



	As of and for the year ended January 29, 2011
	As Previously Reported			Adjustments			As Restated
(In Thousands, except per share amounts)
Consolidated Balance Sheets
Deferred income taxes	$	19,130		$	(575	)	$	18,555
Total current assets	513,055			(575		)	512,480
Total assets	961,082			(575		)	960,507
Accrued employee compensation	38,188			(1,381		)	36,807
Accrued other taxes	17,289			(97		)	17,192
Total current liabilities	234,363			(1,478		)	232,885
Total liabilities	334,261			(1,478		)	332,783
Retained earnings	505,224			903			506,127
Total Genesco equity	624,318			903			625,221
Total equity	626,821			903			627,724
Total liabilities and equity	961,082			(575		)	960,507
Consolidated Statements of Operations and Comprehensive Income
Cost of sales	$	891,764		$	(76	)	$	891,688
Selling and administrative expenses	803,425			$	(1,069	)	802,356
Earnings from operations	86,083			1,145			87,228
Earnings from continuing operations before income taxes	84,961			1,145			86,106
Income tax expense	30,414			448			30,862
Earnings from continuing operations	54,547			697			55,244
Net earnings	53,211			697			53,908
Comprehensive Income	57,710			697			58,407
Basic EPS - continuing operations	2.34			(0.04		)	2.30
Basic EPS - net earnings	2.28			(0.04		)	2.24
Diluted EPS - continuing operations	2.29			(0.02		)	2.27
Diluted EPS - net earnings	2.24			(0.02		)	2.22
Consolidated Statements of Cash Flows
Net earnings	$	53,211		$	697		$	53,908
Deferred income taxes	(11,866		)	448			(11,418		)
Other accrued liabilities	41,597			(1,145		)	40,452

Note 2

Restatement of Previously Issued Financial Statements, Continued



	As of and for the three months ended May 4, 2013
	As Previously Reported			Adjustments			As Restated
(In Thousands, except per share amounts)
Condensed Consolidated Balance Sheets
Deferred income taxes	$	28,469		$	(5,145	)	$	23,324
Total assets	1,307,219			(5,145		)	1,302,074
Accrued employee compensation	25,229			(1,139		)	24,090
Accrued other taxes	21,726			(858		)	20,868
Total current liabilities	247,109			(1,997		)	245,112
Deferred rent and other long-term liabilities	170,174			(12,445		)	157,729
Total liabilities	489,307			(14,442		)	474,865
Retained earnings	663,240			9,297			672,537
Total Genesco equity	816,078			9,297			825,375
Total equity	817,912			9,297			827,209
Total liabilities and equity	1,307,219			(5,145		)	1,302,074
Consolidated Statements of Operations and Comprehensive Income
Cost of sales	$	292,777		$	174		$	292,951
Selling and administrative expenses	265,014			6,370			271,384
Earnings from operations	32,268			(6,544		)	25,724
Earnings from continuing operations before income taxes	31,229			(6,544		)	24,685
Income tax expense	12,748			(2,572		)	10,176
Earnings from continuing operations	18,481			(3,972		)	14,509
Net earnings	18,382			(3,972		)	14,410
Comprehensive Income	17,062			(3,972		)	13,090
Basic EPS - continuing operations	0.79			(0.17		)	0.62
Basic EPS - net earnings	0.79			(0.17		)	0.62
Diluted EPS - continuing operations	0.78			(0.17		)	0.61
Diluted EPS - net earnings	0.77			(0.16		)	0.61
Condensed Consolidated Statements of Cash Flows
Net earnings	$	18,382		$	(3,972	)	$	14,410
Deferred income taxes	(2,821		)	(2,572		)	(5,393		)
Other accrued liabilities	(30,251		)	(1,141		)	(31,392		)
Other assets and liabilities	(4,506		)	7,685			3,179

Note 2

Restatement of Previously Issued Financial Statements, Continued



	As of and for the three months ended April 28, 2012
	As Previously Reported			Adjustments			As Restated
(In Thousands, except per share amounts)
Condensed Consolidated Balance Sheets
Deferred income taxes	$	28,813		$	(7,756	)	$	21,057
Total assets	1,260,373			(7,756		)	1,252,617
Accrued employee compensation	40,009			(6,807		)	33,202
Accrued other taxes	22,745			(1,198		)	21,547
Total current liabilities	299,235			(8,005		)	291,230
Deferred rent and other long-term liabilities	156,307			(12,084		)	144,223
Total liabilities	508,603			(20,089		)	488,514
Retained earnings	607,558			12,333			619,891
Total Genesco equity	749,568			12,333			761,901
Total equity	751,770			12,333			764,103
Total liabilities and equity	1,260,373			(7,756		)	1,252,617
Consolidated Statements of Operations and Comprehensive Income
Cost of sales	$	293,480		$	(242	)	293,238
Selling and administrative expenses	270,522			(754		)	269,768
Earnings from operations	36,007			996			37,003
Earnings from continuing operations before income taxes	34,890			996			35,886
Income tax expense	14,099			33			14,132
Earnings from continuing operations	20,791			963			21,754
Net earnings	20,614			963			21,577
Comprehensive Income	24,933			963			25,896
Basic EPS - continuing operations	0.88			0.01			0.89
Basic EPS - net earnings	0.87			0.01			0.88
Diluted EPS - continuing operations	0.86			0.02			0.88
Diluted EPS - net earnings	0.85			0.02			0.87
Condensed Consolidated Statements of Cash Flows
Net earnings	$	20,614		$	963		$	21,577
Deferred income taxes	(3,861		)	252			(3,609		)
Other accrued liabilities	(19,961		)	(6,865		)	(26,826		)
Other assets and liabilities	1,856			5,650			7,506

Note 2

Restatement of Previously Issued Financial Statements, Continued



	As of and for the three months Ended July 28, 2012
	As Previously Reported			Adjustments			As Restated
(In Thousands, except per share amounts)
Condensed Consolidated Balance Sheets
Deferred income taxes	$	26,740		$	(7,198	)	$	19,542
Total assets	1,380,958			(7,198		)	1,373,760
Accrued employee compensation	50,587			(7,664		)	42,923
Accrued other taxes	23,436			(1,043		)	22,393
Total current liabilities	367,888			(8,707		)	359,181
Deferred rent and other long-term liabilities	151,600			(10,272		)	141,328
Total liabilities	643,226			(18,979		)	624,247
Retained earnings	593,409			11,781			605,190
Total Genesco equity	735,608			11,781			747,389
Total equity	737,732			11,781			749,513
Total liabilities and equity	1,380,958			(7,198		)	1,373,760
Consolidated Statements of Operations and Comprehensive Income
Cost of sales	$	270,500		$	(37	)	$	270,463
Selling and administrative expenses	255,663			1,147			256,810
Earnings from operations	16,955			(1,110		)	15,845
Earnings from continuing operations before income taxes	15,748			(1,110		)	14,638
Income tax expense	5,187			(558		)	4,629
Earnings from continuing operations	10,561			(552		)	10,009
Net earnings	10,520			(552		)	9,968
Comprehensive Income	6,342			(552		)	5,790
Basic EPS - continuing operations	0.44			(0.03		)	0.41
Basic EPS - net earnings	0.44			(0.03		)	0.41
Diluted EPS - continuing operations	0.44			(0.03		)	0.41
Diluted EPS - net earnings	0.43			(0.03		)	0.40
Condensed Consolidated Statements of Cash Flows
Net earnings	$	10,520		$	(552	)	$	9,968
Deferred income taxes	1,657			(558		)	1,099
Other accrued liabilities	10,636			(702		)	9,934
Other assets and liabilities	(1,225		)	1,812			587

Note 2

Restatement of Previously Issued Financial Statements, Continued



	As of and for the six months ended July 28, 2012
	As Previously Reported			Adjustments			As Restated
(In Thousands, except per share amounts)
Condensed Consolidated Balance Sheets
Deferred income taxes	$	26,740		$	(7,198	)	$	19,542
Total assets	1,380,958			(7,198		)	1,373,760
Accrued employee compensation	50,587			(7,664		)	42,923
Accrued other taxes	23,436			(1,043		)	22,393
Total current liabilities	367,888			(8,707		)	359,181
Deferred rent and other long-term liabilities	151,600			(10,272		)	141,328
Total liabilities	643,226			(18,979		)	624,247
Retained earnings	593,409			11,781			605,190
Total Genesco equity	735,608			11,781			747,389
Total equity	737,732			11,781			749,513
Total liabilities and equity	1,380,958			(7,198		)	1,373,760
Consolidated Statements of Operations and Comprehensive Income
Cost of sales	$	563,980		$	(279	)	$	563,701
Selling and administrative expenses	526,185			393			526,578
Earnings from operations	52,962			(114		)	52,848
Earnings from continuing operations before income taxes	50,638			(114		)	50,524
Income tax expense	19,286			(525		)	18,761
Earnings from continuing operations	31,352			411			31,763
Net earnings	31,134			411			31,545
Comprehensive Income	31,275			411			31,686
Basic EPS - continuing operations	1.32			(0.02		)	1.30
Basic EPS - net earnings	1.31			(0.02		)	1.29
Diluted EPS - continuing operations	1.29			0.00			1.29
Diluted EPS - net earnings	1.29			(0.01		)	1.28
Condensed Consolidated Statements of Cash Flows
Net earnings	$	31,134		$	411		$	31,545
Deferred income taxes	(2,204		)	(306		)	(2,510		)
Other accrued liabilities	(9,325		)	(7,567		)	(16,892		)
Other assets and liabilities	631			7,462			8,093