($ thousands, except per share amounts)

2020

2019

2018

NUMERATOR

Net (loss) earnings

$

(438,994)

$

62,082

$

(5,481)

Net (earnings) loss attributable to noncontrolling interests

(120)

737

40

Net (loss) earnings attributable to Caleres, Inc.

$

(439,114)

$

62,819

$

(5,441)

Net earnings allocated to participating securities

—

(1,988)

—

Net (loss) earnings attributable to Caleres, Inc. after allocation of earnings to participating securities

$

(439,114)

$

60,831

$

(5,441)

DENOMINATOR

Denominator for basic (loss) earnings per common share attributable to Caleres, Inc. shareholders

37,220

39,796

41,756

Dilutive effect of share-based awards

—

57

—

Denominator for diluted (loss) earnings per common share attributable to Caleres, Inc. shareholders

37,220

39,853

41,756

Basic (loss) earnings per common share attributable to Caleres, Inc. shareholders

$

(11.80)

$

1.53

$

(0.13)

Diluted (loss) earnings per common share attributable to Caleres, Inc. shareholders

$

(11.80)

$

1.53

$

(0.13)