XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

Earnings Per Share | 9 Months Ended
--- | ---
Nov. 02, 2024
Earnings Per Share |
Earnings Per Share | Note 4 Earnings Per Share The Company uses the two-class method to compute basic and diluted earnings per common share attributable to Caleres, Inc. shareholders. In periods of net loss, no effect is given to the Company’s participating securities since they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted earnings per common share attributable to Caleres, Inc. shareholders for the periods ended November 2, 2024 and October 28, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen Weeks Ended | ​ | Thirty-Nine Weeks Ended | ​
($ thousands, except per share amounts) |  | November 2, 2024 |  | October 28, 2023 |  | November 2, 2024 |  | October 28, 2023 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
NUMERATOR | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings | ​ | $ | 41,119 | ​ | $ | 47,015 | ​ | $ | 102,190 | ​ | $ | 116,172 | ​
Net loss (earnings) attributable to noncontrolling interests | ​ |  | 308 | ​ |  | (101) | ​ |  | 135 | ​ |  | (588) | ​
Net earnings attributable to Caleres, Inc. | ​ | $ | 41,427 | ​ | $ | 46,914 | ​ | $ | 102,325 | ​ | $ | 115,584 | ​
Net earnings allocated to participating securities | ​ |  | (1,417) | ​ |  | (2,121) | ​ |  | (3,721) | ​ |  | (5,103) | ​
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities | ​ | $ | 40,010 | ​ | $ | 44,793 | ​ | $ | 98,604 | ​ | $ | 110,481 | ​
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
DENOMINATOR | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders | ​ |  | 33,435 | ​ |  | 33,933 | ​ |  | 33,704 | ​ |  | 34,206 | ​
Dilutive effect of share-based awards | ​ |  | 106 | ​ |  | — | ​ |  | 106 | ​ |  | — | ​
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders | ​ |  | 33,541 | ​ |  | 33,933 | ​ |  | 33,810 | ​ |  | 34,206 | ​
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Basic earnings per common share attributable to Caleres, Inc. shareholders | ​ | $ | 1.20 | ​ | $ | 1.32 | ​ | $ | 2.93 | ​ | $ | 3.23 | ​
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Diluted earnings per common share attributable to Caleres, Inc. shareholders | ​ | $ | 1.19 | ​ | $ | 1.32 | ​ | $ | 2.92 | ​ | $ | 3.23 | ​
​ As further discussed in Item 2, Unregistered Sales of Equity Securities and Use of Proceeds, the Company has a publicly announced share repurchase program. The Company repurchased 1,522,324 and 1,938,324 shares under this program during the thirteen and thirty-nine weeks ended November 2, 2024, respectively. The Company did not repurchase any shares under the program during the thirteen weeks ended October 28, 2023 and repurchased 763,000 shares during thirty-nine weeks ended October 28, 2023. ​ Under the provisions of the Inflation Reduction Act of 2022 (“Inflation Reduction Act”), a 1% excise tax is imposed on repurchases of common stock beginning on January 1, 2023. Excise taxes incurred on share repurchases are incremental costs to purchase the stock, and accordingly, are included in the total cost basis of the common stock acquired and reflected as a reduction of shareholders’ equity within retained earnings in the condensed consolidated statements of shareholders’ equity. Excise taxes of $0.5 million are due on the Company’s share repurchases during the thirty-nine weeks ended November 2, 2024. An immaterial amount of excise taxes were due on share repurchases during the thirty-nine weeks ended October 28, 2023. ​

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration