View Filing Data

Trademarks, net of accumulated amortization of $2,523 at April 28, 2012, $2,246 at January 28, 2012 and $1,440 at April 30, 2011

269,310

259,759

260,363

77,768

78,276

79,891

Other intangibles, net of accumulated amortization of $14,559 at April 28, 2012, $13,645 at January 28, 2012 and $11,135 at April 30, 2011

13,177

14,808

16,342

Other noncurrent assets

33,203

33,269

30,136

Accrued employee compensation

1,380,958

^[1],[2]

1,237,265

$ 1,278,576

^[1]

1,278,576

^[1]

Current Liabilities

Accounts payable

212,938

138,938

197,653

50,587

53,029

41,804

Accrued other taxes

23,436

26,293

18,361

Accrued income taxes

2,778

16,390

1,263

Current portion - long-term debt

5,497

8,773

5,113

Other accrued liabilities

65,141

52,789

48,616

Provision for discontinued operations

7,511

8,250

9,308

Total current liabilities

367,888

304,462

322,118

Long-term debt

95,001

31,931

159,406

Pension liability

24,470

22,201

13,143

Deferred rent and other long-term liabilities

151,600

156,794

126,430

Provision for discontinued operations

4,267

4,363

Total liabilities

643,226

519,655

625,460

Equity

Non-redeemable preferred stock

4,066

4,957

5,160

Common equity:

Common stock, $1 par value: Authorized: 80,000,000 shares Issued/Outstanding: April 28, 2012 - 24,981,526/24,493,062 January 28, 2012 - 24,757,826/24,269,362 April 30, 2011 - 24,178,159/23,689,695

24,783

24,758

24,651

Additional paid-in capital

164,032

149,479

141,440

Retained earnings

593,409

586,990

519,527

Accumulated other comprehensive loss

(32,825)

(32,966)

(22,272)

Treasury shares, at cost

(17,857)

Total Genesco equity

735,608

715,361

650,649

Noncontrolling interest - non-redeemable

2,124

2,249

2,467

Total equity

737,732

717,610

653,116

Total Liabilities and Equity

$ 1,380,958

$ 1,237,265

$ 1,278,576

[1]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $155.4 million, $104.2 million and $0.8 million of goodwill.
[2]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $168.5 million, $100.0 million and $0.8 million of goodwill, respectively.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 28, 2012	Jan. 28, 2012	Apr. 30, 2011
Allowances on accounts receivable	$ 6,071	$ 6,900	$ 4,876
Accumulated amortization on trademarks	2,787	2,246	1,712
Accumulated amortization on other intangibles	$ 15,406	$ 13,645	$ 11,857
Common stock, par value	$ 1	$ 1	$ 1
Common stock, shares authorized	80,000,000	80,000,000	80,000,000
Common stock, shares issued	24,782,586	24,757,826	24,651,206
Common stock, shares outstanding	24,294,122	24,269,362	24,162,742

Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 28, 2012

Jul. 30, 2011

Jul. 28, 2012

Jul. 30, 2011

Selling and administrative expenses

$ 543,522

$ 470,591

$ 1,143,666

$ 952,093

Cost of sales

269,294

233,307

560,135

467,267

256,869

235,286

530,030

456,059

Asset impairments and other, net

404

^[1]

347

^[2]

539

^[2]

1,591

^[2]

16,955

1,651

52,962

27,176

Interest expense, net:

1,217

1,097

2,349

1,613

Total interest expense, net

(10)

(16)

(25)

(18)

1,207

1,081

2,324

1,595

Earnings (loss) from continuing operations before income taxes

15,748

570

50,638

25,581

Income tax expense

5,187

220

19,286

10,256

Earnings from continuing operations

10,561

350

31,352

15,325

Provision for discontinued operations, net

(41)

(742)

(218)

(924)

Net Earnings

$ 10,520

$ (392)

$ 31,134

$ 14,401

Basic earnings per common share:

Continuing operations

$ 0.44

$ 0.01

$ 1.32

$ 0.66

Discontinued operations

0.00

(0.03)

(0.01)

(0.04)

Net earnings

0.44

(0.02)

1.31

0.62

Diluted earnings per common share:

Continuing operations

0.44

0.01

1.29

0.65

Discontinued operations

(0.01)

(0.03)

0.00

(0.04)

Net earnings

$ 0.43

$ (0.02)

$ 1.29

$ 0.61

[1]	Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.3 million is in the Lids Sports Group and $0.1 million is in the Journeys Group.
[2]	Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.2 million is in the Journeys Group and $0.2 million is in the Lids Sports Group.

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 28, 2012	Jul. 30, 2011	Jul. 28, 2012	Jul. 30, 2011
Net earnings	$ 10,520	$ (392)	$ 31,134	$ 14,401
Gain (loss) on foreign currency forward contract, net of tax of $0.0 million for each period	(9)	9	(20)	63
Foreign currency transaction adjustment	(4,169)	1,387	161	1,970
Total other comprehensive income	(4,178)	1,396	141	2,033
Comprehensive income	$ 6,342	$ 1,004	$ 31,275	$ 16,434

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax.

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This element represents Other Comprehensive Income or Loss, Net of Tax, for the period attributable to the parent entity. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.

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Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.

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Summary of Significant Accounting Policies

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 28, 2012	Jul. 30, 2011	Jul. 28, 2012	Jul. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 10,520	$ (392)	$ 31,134	$ 14,401
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	15,291	13,002	30,544	25,204
Amortization of deferred note expense and debt discount	198	165	396	311
Deferred income taxes	1,657	1,531	(2,204)	318
Provision for losses on accounts receivable	(592)	435	855	676
Impairment of long-lived assets	391	313	437	1,060
Restricted stock and share-based compensation	2,444	1,641	4,655	3,237
Provision for discontinued operations	67	1,224	360	1,524
Tax benefit of stock options exercised	(2,340)	(3,558)	(4,666)	(3,558)
Other	281	240	639	589
Effect on cash of changes in working capital and other assets and liabilities
Accounts receivable	2,474	5,085	(2,864)	5,498
Inventories	(109,802)	(69,738)	(118,708)	(81,804)
Prepaids and other current assets	(15,048)	(17,884)	(17,763)	(18,473)
Accounts payable	55,981	53,567	64,386	67,279
Other accrued liabilities	10,636	(6,018)	(9,325)	(25,746)
Other assets and liabilities	(1,225)	(9,791)	631	(8,696)
Net cash provided by operating activities	(29,067)	(30,178)	(21,493)	(18,180)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(18,415)	(13,616)	(32,533)	(23,213)
Acquisitions, net of cash acquired	(10,797)	(87,402)	(10,797)	(87,402)
Proceeds from asset sales	21	23	38	23
Net cash used in investing activities	(29,191)	(100,995)	(43,292)	(110,592)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of capital leases	0	0	0	(21)
Payments of long-term debt	(6,404)	(16,074)	(7,597)	(16,074)
Borrowings under revolving credit facility	156,400	151,000	190,700	151,000
Payments on revolving credit facility	(84,600)	(33,519)	(123,900)	(33,519)
Tax benefit of stock options and restricted stock exercised	2,340	3,558	4,666	3,558
Shares repurchased	(20,227)	0	(20,227)	0
Change in overdraft balances	4,058	455	9,612	(2,823)
Dividends paid on non-redeemable preferred stock	(35)	(49)	(81)	(98)
Exercise of stock options	0	5,470	4,783	7,309
Other	(1)	(846)	0	(912)
Net cash provided by (used in) financing activities	51,531	109,995	57,956	108,420
Effect of foreign exchange rate fluctuations on cash	(875)	0	261	0
Net Increase in Cash and Cash Equivalents	(7,602)	(21,178)	(6,568)	(20,352)
Cash and cash equivalents at beginning of year	54,824	56,760	53,790	55,934
Cash and cash equivalents at end of year	47,222	35,582	47,222	35,582
Net cash paid for:
Interest	850	1,539	1,709	1,824
Income taxes	$ 27,528	$ 26,439	$ 44,913	$ 38,573

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Total Non-Redeemable Preferred Stock	Common Stocks	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income Loss	Treasury Stock	Noncontrolling Interest Non-Redeemable
Beginning balance at Jan. 29, 2011	$ 626,821	$ 5,183	$ 24,163	$ 131,910	$ 505,224	$ (24,305)	$ (17,857)	$ 2,503
Net earnings	81,959	0	0	0	81,959	0	0	0
Other comprehensive income (loss)	(8,661)	0	0	0	0	(8,661)	0	0
Dividends paid on non-redeemable preferred stock	(193)	0	0	0	(193)	0	0	0
Exercise of stock options	9,687	0	390	9,297	0	0	0	0
Issue shares-Employee Stock Purchase Plan	133	0	3	130	0	0	0	0
Employee and non-employee restricted stock	7,659	0	0	7,659	0	0	0	0
Share-based compensation	1	0	0	1	0	0	0	0
Restricted stock issuance	0	0	304	(304)	0	0	0	0
Restricted shares withheld for taxes	(4,127)	0	(93)	(4,034)	0	0	0	0
Tax benefit of stock options and restricted stock exercised	4,585	0	0	4,585	0	0	0	0
Other	0	(226)	(9)	235	0	0	0	0
Noncontrolling interest - (loss)	(254)	0	0	0	0	0	0	(254)
Ending balance at Jan. 28, 2012	717,610	4,957	24,758	149,479	586,990	(32,966)	(17,857)	2,249
Net earnings	31,134	0	0	0	31,134	0	0	0
Other comprehensive income (loss)	141	0	0	0	0	141	0	0
Dividends paid on non-redeemable preferred stock	(81)	0	0	0	(81)	0	0	0
Exercise of stock options	4,783	0	222	4,561	0	0	0	0
Employee and non-employee restricted stock	4,655	0	0	4,655	0	0	0	0
Restricted stock issuance	0	0	194	(194)	0	0	0	0
Restricted shares withheld for taxes	(4,225)	0	(71)	0	(4,154)	0	0	0
Tax benefit of stock options and restricted stock exercised	4,666	0	0	4,666	0	0	0	0
Stock Repurchased During Period, Value	(20,826)	0	(346)	0	(20,480)	0	0	0
Other	0	(891)	26	865	0	0	0	0
Noncontrolling interest - (loss)	(125)	0	0	0	0	0	0	(125)
Ending balance at Jul. 28, 2012	$ 737,732	$ 4,066	$ 24,783	$ 164,032	$ 593,409	$ (32,825)	$ (17,857)	$ 2,124

Summary of Significant Accounting Policies

3 Months Ended

Jul. 28, 2012

Accounting Policies [Abstract]

Interim Statements

The condensed consolidated financial statements and footnotes contained in this report are unaudited but reflect all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the results for the interim periods of the fiscal year ending February 2, 2013 ("Fiscal 2013") and of the fiscal year ended January 28, 2012 ("Fiscal 2012"). The results of operations for any interim period are not necessarily indicative of results for the full year. The interim financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K.

Nature of Operations

The Company's business includes the design and sourcing, marketing and distribution of footwear and accessories through retail stores in the U.S., Puerto Rico and Canada primarily under the Journeys, Journeys Kidz, Shi by Journeys, Underground by Journeys and Johnston & Murphy banners and under the Schuh banner in the United Kingdom and the Republic of Ireland; through e-commerce websites including journeys.com, journeyskidz.com, shibyjourneys.com, undergroundbyjourneys.com, schuh.co.uk and johnstonmurphy.com, and at wholesale, primarily under the Company's Johnston & Murphy brand, the Dockers brand, the SureGrip brand and other brands that the Company licenses for men's footwear. The Company's business also includes Lids Sports Group, which operates headwear and accessory stores in the U.S. and Canada primarily under the Lids, Hat World and Hat Shack banners; the Lids Locker Room business, consisting of sports-oriented fan shops featuring a broad array of licensed merchandise such as apparel, hats and accessories, sports decor and novelty products, operating primarily under the Lids Locker Room, Sports Fan-Attic and Sports Avenue banners; certain e-commerce operations and an athletic team dealer business operating as Lids Team Sports. Including both the footwear businesses and the Lids Sports business, at July 28, 2012, the Company operated 2,404 retail stores in the U.S., Puerto Rico, Canada, the United Kingdom and the Republic of Ireland.

Principles of Consolidation

All subsidiaries are consolidated in the condensed consolidated financial statements. All significant intercompany transactions and accounts have been eliminated.

Financial Statement Reclassifications and Recasting

The Condensed Consolidated Balance Sheet at July 30, 2011 has been derived from the Consolidated Financial Statements at that date as recast to reflect the effects of finalizing the allocation of the Schuh purchase price, but does not include all the notes required by generally accepted accounting principles for complete financial statements. As a result of the change in total assets for the period ended July 30, 2011, total segment assets in Note 9 for Schuh Group and Corporate and Other have been recast by $5.9 million and $11.8 million, respectively. For additional information, refer to the Consolidated Financial Statements and related notes for the year ended January 28, 2012 included in the Company's Annual Report on Form 10-K.

Note 1

Summary of Significant Accounting Policies, Continued

Certain reclassifications have been made to conform prior years' data to the current year presentation.

The Company integrated the Underground Station operations into the Journeys Group in the first quarter of Fiscal 2013. The former Underground Station stores will be a subset of Journeys Group under the brand "Underground by Journeys." Journeys Group segment net sales, operating income, total assets, depreciation and amortization and capital expenditures have been restated by $17.4 million, $(2.9) million, $28.3 million, $0.4 million and $0.1 million, respectively, for the three months ended July 30, 2011 and $43.2 million, $(1.8) million, $28.3 million, $0.9 million and $0.1 million, respectively, for the six months ended July 30, 2011 as a result of combining Underground Station Group with the Journeys Group segment to conform to current year presentation (See Note 9).

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Significant areas requiring management estimates or judgments include the following key financial areas:

Inventory Valuation

The Company values its inventories at the lower of cost or market.

In its footwear wholesale operations, its Schuh Group segment and its Lids Sports Group wholesale operations, except for the Anaconda Sports wholesale division, cost is determined using the first-in, first-out (“FIFO”) method. Market value is determined using a system of analysis which evaluates inventory at the stock number level based on factors such as inventory turn, average selling price, inventory level, and selling prices reflected in future orders. The Company provides reserves when the inventory has not been marked down to market value based on current selling prices or when the inventory is not turning and is not expected to turn at levels satisfactory to the Company.

The Lids Sports Group retail segment and its Anaconda Sports wholesale division employ the moving average cost method for valuing inventories and apply freight using an allocation method. The Company provides a valuation allowance for slow-moving inventory based on negative margins and estimated shrink based on historical experience and specific analysis, where appropriate.

In its retail operations, other than the Schuh Group and Lids Sports Group retail segments, the Company employs the retail inventory method, applying average cost-to-retail ratios to the retail value of inventories. Under the retail inventory method, valuing inventory at the lower of cost or market is achieved as markdowns are taken or accrued as a reduction of the retail value of inventories.

Note 1

Summary of Significant Accounting Policies, Continued

Inherent in the retail inventory method are subjective judgments and estimates, including merchandise mark-on, markups, markdowns, and shrinkage. These judgments and estimates, coupled with the fact that the retail inventory method is an averaging process, could produce a range of cost figures. To reduce the risk of inaccuracy and to ensure consistent presentation, the Company employs the retail inventory method in multiple subclasses of inventory with similar gross margins, and analyzes markdown requirements at the stock number level based on factors such as inventory turn, average selling price, and inventory age. In addition, the Company accrues markdowns as necessary. These additional markdown accruals reflect all of the above factors as well as current agreements to return products to vendors and vendor agreements to provide markdown support. In addition to markdown provisions, the Company maintains provisions for shrinkage and damaged goods based on historical rates.

Inherent in the analysis of both wholesale and retail inventory valuation are subjective judgments about current market conditions, fashion trends, and overall economic conditions. Failure to make appropriate conclusions regarding these factors may result in an overstatement or understatement of inventory value.

Impairment of Long-Lived Assets

The Company periodically assesses the realizability of its long-lived assets and evaluates such assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Asset impairment is determined to exist if estimated future cash flows, undiscounted and without interest charges, are less than the carrying amount. Inherent in the analysis of impairment are subjective judgments about future cash flows. Failure to make appropriate conclusions regarding these judgments may result in an overstatement or understatement of the value of long-lived assets. See also Notes 3 and 5.

The goodwill impairment test involves a two step process. The first step is a comparison of the fair value and carrying value of the reporting unit with which the goodwill is associated. The Company estimates fair value using the best information available and computes the fair value by an equal weighting of the results arrived by a market approach and an income approach utilizing discounted cash flow projections. The income approach uses a projection of a business unit’s estimated operating results and cash flows that is discounted using a weighted-average cost of capital that reflects current market conditions. A key assumption in the Company’s fair value estimate is the weighted average cost of capital utilized for discounting its cash flow projections in its income approach. The Company believes the rate it used in its annual test, which is completed in the fourth quarter each year, was consistent with the risks inherent in its business and with industry discount rates. The projection uses management’s best estimates of economic and market conditions over the projected period including growth rates in sales, costs, estimates of future expected changes in operating margins and cash expenditures. Other significant estimates and assumptions include terminal value growth rates, future estimates of capital expenditures and changes in future working capital requirements.

If the carrying value of the reporting unit is higher than its fair value, there is an indication that impairment may exist and the second step must be performed to measure the amount of impairment loss. The amount of impairment is determined by comparing the implied fair value of reporting

Note 1

Summary of Significant Accounting Policies, Continued

unit goodwill to the carrying value of the goodwill in the same manner as if the reporting unit was being acquired in a business combination. Specifically, the Company would allocate the fair value to all of the assets and liabilities of the reporting unit, including any unrecognized intangible assets, in a hypothetical analysis that would calculate the implied fair value of goodwill. If the implied fair value of goodwill is less than the recorded goodwill, the Company would record an impairment charge for the difference.

Environmental and Other Contingencies

The Company is subject to certain loss contingencies related to environmental proceedings and other legal matters. The Company has made pretax accruals for certain of these contingencies, including approximately $0.1 million and $1.2 million in the second quarter of Fiscal 2013 and 2012, respectively, and $0.4 million and $1.6 million in the first six months of Fiscal 2013 and 2012, respectively. These charges are included in provision for discontinued operations, net in the Condensed Consolidated Statements of Operations because they relate to former facilities operated by the Company. The Company monitors these matters on an ongoing basis and, on a quarterly basis, management reviews the Company’s reserves and accruals, adjusting provisions as management deems necessary in view of changes in available information. Changes in estimates of liability are reported in the periods when they occur. Consequently, management believes that its reserve in relation to each proceeding is a best estimate of probable loss connected to the proceeding, or in cases in which no best estimate is possible, the minimum amount in the range of estimated losses, based upon its analysis of the facts and circumstances as of the close of the most recent fiscal quarter. However, because of uncertainties and risks inherent in litigation generally and in environmental proceedings in particular, there can be no assurance that future developments will not require additional reserves, that some or all reserves will be adequate or that the amounts of any such additional reserves or any such inadequacy will not have a material adverse effect upon the Company’s financial condition or results of operations. See also Notes 3 and 8.

Revenue Recognition

Retail sales are recorded at the point of sale and are net of estimated returns and exclude sales and value added taxes. Catalog and internet sales are recorded at estimated time of delivery to the customer and are net of estimated returns and exclude sales taxes. Wholesale revenue is recorded net of estimated returns and allowances for markdowns, damages and miscellaneous claims when the related goods have been shipped and legal title has passed to the customer. Shipping and handling costs charged to customers are included in net sales. Estimated returns are based on historical returns and claims. Actual amounts of markdowns have not differed materially from estimates. Actual returns and claims in any future period may differ from historical experience.

Income Taxes

As part of the process of preparing Condensed Consolidated Financial Statements, the Company is required to estimate its income taxes in each of the tax jurisdictions in which it operates. This process involves estimating actual current tax obligations together with assessing temporary differences resulting from differing treatment of certain items for tax and accounting purposes,

such as depreciation of property and equipment and valuation of inventories. These temporary differences result in deferred tax assets and liabilities, which are included within the Condensed Consolidated Balance Sheets. The Company then assesses the likelihood that its deferred tax assets

Note 1

Summary of Significant Accounting Policies, Continued

will be recovered from future taxable income. Actual results could differ from this assessment if adequate taxable income is not generated in future periods. To the extent the Company believes that recovery of an asset is at risk, valuation allowances are established. To the extent valuation allowances are established or increased in a period, the Company includes an expense within the tax provision in the Condensed Consolidated Statements of Operations. These deferred tax valuation allowances may be released in future years when management considers that it is more likely than not that some portion or all of the deferred tax assets will be realized. In making such a determination, management will need to periodically evaluate whether or not all available evidence, such as future taxable income and reversal of temporary differences, tax planning strategies, and recent results of operations, provides sufficient positive evidence to offset any potential negative evidence that may exist at such time. In the event the deferred tax valuation allowance is released, the Company would record an income tax benefit for the portion or all of the deferred tax valuation allowance released. At July 28, 2012, the Company had a deferred tax valuation allowance of $3.5 million.

The Company recorded an effective income tax rate of 32.9% in the second quarter of Fiscal 2013 compared to 38.6% for the same period last year and 38.1% and 40.1% for the first six months of Fiscal 2013 and 2012, respectively. This year's tax rate is lower due to a tax rate reduction in the UK and increases in certain state tax credits.

Income tax reserves for certain tax positions are determined using the methodology required by the Income Tax Topic of the Accounting Standards Codification ("Codification"). This methodology requires companies to assess each income tax position taken using a two step process. A determination is first made as to whether it is more likely than not that the position will be sustained, based upon the technical merits, upon examination by the taxing authorities. If the tax position is expected to meet the more likely than not criteria, the benefit recorded for the tax position equals the largest amount that is greater than 50% likely to be realized upon ultimate settlement of the respective tax position. Uncertain tax positions require determinations and estimated liabilities to be made based on provisions of the tax law which may be subject to change or varying interpretation. If the Company’s determinations and estimates prove to be inaccurate, the resulting adjustments could be material to its future financial results. The Company believes it is reasonably possible that there will be an $8.0 million decrease in the gross tax liability for uncertain tax positions within the next 12 months based upon the expiration of statutes of limitation in various tax jurisdictions and potential settlements.

Postretirement Benefits Plan Accounting

Full-time employees who had at least 1,000 hours of service in calendar year 2004, except employees in the Lids Sports Group and Schuh Group segments, are covered by a defined benefit pension plan. The Company froze the defined benefit pension plan effective January 1, 2005. The Company also provides certain former employees with limited medical and life insurance benefits. The Company funds at least the minimum amount required by the Employee Retirement Income Security Act.

Note 1

Summary of Significant Accounting Policies, Continued

As required by the Compensation – Retirement Benefits Topic of the Codification, the Company is required to recognize the overfunded or underfunded status of postretirement benefit plans as an asset or liability in their Condensed Consolidated Balance Sheets and to recognize changes in that funded status in accumulated other comprehensive loss, net of tax, in the year in which the changes occur.

The Company accounts for the defined benefit pension plans using the Compensation-Retirement Benefits Topic of the Codification. As permitted under this topic, pension expense is recognized on an accrual basis over employees’ approximate service periods. The calculation of pension expense and the corresponding liability requires the use of a number of critical assumptions, including the expected long-term rate of return on plan assets and the assumed discount rate, as well as the recognition of actuarial gains and losses. Changes in these assumptions can result in different expense and liability amounts, and future actual experience can differ from these assumptions.

Share-Based Compensation

The Company has share-based compensation plans covering certain members of management and non-employee directors. The Company recognizes compensation expense for share-based payments based on the fair value of the awards as required by the Compensation – Stock Compensation Topic of the Codification. There was no share-based compensation expense related to stock options for the second quarter and first six months of Fiscal 2013 and 2012. The Company has not issued any new stock option awards since the first quarter of Fiscal 2008. For the second quarter of Fiscal 2013 and 2012, restricted stock expense was $2.5 million and $1.6 million, respectively. For the first six months of Fiscal 2013 and 2012, restricted stock expense was $4.7 million and $3.2 million, respectively. The fair value of employee restricted stock is determined based on the closing price of the Company’s stock on the date of the grant. The benefits of tax deductions in excess of recognized compensation expense are reported as a financing cash flow.

During the three months and six months ended July 28, 2012, the Company issued 194,232 shares of employee restricted stock at a grant date fair value of $57.58 per share which vest over a four-year term. For the three months and six months ended July 28, 2012, the Company issued 9,888 shares and 10,224 shares of director restricted stock at a weighted average price of $64.70 and $65.06, respectively, which vest on the first anniversary of the grant date. During the three months and six months ended July 30, 2011, the Company issued 289,407 shares of employee restricted stock at a grant date fair value of $45.14 per share which vest over a four-year term. For the three

months and six months ended July 30, 2011, the Company issued 14,643 shares of director restricted stock at a weighted average price of $43.01 which vest on the first anniversary of the grant date.

Cash and Cash Equivalents

Included in cash and cash equivalents at July 28, 2012, January 28, 2012 and July 30, 2011 are cash equivalents of $0.1 million, $0.2 million and $0.1 million, respectively. Cash equivalents are highly-liquid financial instruments having an original maturity of three months or less. At July 28, 2012, substantially all of the Company’s domestic cash was invested in deposit accounts at FDIC-insured banks. All of the Company’s domestic deposit account balances are currently FDIC insured as a

Note 1

Summary of Significant Accounting Policies, Continued

result of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The majority of payments due from banks for domestic customer credit card transactions process within 24 - 48 hours and are accordingly classified as cash and cash equivalents.

At July 28, 2012, January 28, 2012 and July 30, 201l, outstanding checks drawn on zero-balance accounts at certain domestic banks exceeded book cash balances at those banks by approximately $48.6 million , $39.0 million and $33.3 million, respectively. These amounts are included in accounts payable.

Concentration of Credit Risk and Allowances on Accounts Receivable

The Company’s footwear wholesale businesses sell primarily to independent retailers and department stores across the United States. Receivables arising from these sales are not collateralized. Customer credit risk is affected by conditions or occurrences within the economy and the retail industry as well as by customer specific factors. The Company’s Lids Team Sports wholesale business sells primarily to colleges and high school athletic teams and their fan bases. Including both footwear wholesale and Lids Team Sports wholesale business receivables, one customer accounted for 8% of the Company’s total trade receivables balance, while no other customer accounted for more than 6% of the Company’s total trade receivables balance as of July 28, 2012.

The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information, as well as customer specific factors. The Company also establishes allowances for sales returns, customer deductions and co-op advertising based on specific circumstances, historical trends and projected probable outcomes.

Property and Equipment

Property and equipment are recorded at cost and depreciated or amortized over the estimated useful life of related assets. Depreciation and amortization expense are computed principally by the straight-line method over the following estimated useful lives:



Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Leases

Leasehold improvements and properties under capital leases are amortized on the straight-line method over the shorter of their useful lives or their related lease terms and the charge to earnings is included in selling and administrative expenses in the Condensed Consolidated Statements of Operations.

Certain leases include rent increases during the initial lease term. For these leases, the Company recognizes the related rental expense on a straight-line basis over the term of the lease (which includes any rent holidays and the pre-opening period of construction, renovation, fixturing and merchandise placement) and records the difference between the amounts charged to operations and amounts paid as deferred rent.

Note 1

Summary of Significant Accounting Policies, Continued

The Company occasionally receives reimbursements from landlords to be used towards construction of the store the Company intends to lease. Leasehold improvements are recorded at their gross costs including items reimbursed by landlords. The reimbursements are amortized as a reduction

of rent expense over the initial lease term. Tenant allowances of $18.4 million, $17.6 million and $17.4 million at July 28, 2012, January 28, 2012 and July 30, 2011, respectively, and deferred rent of $35.8 million, $35.2 million and $34.0 million at July 28, 2012, January 28, 2012 and July 30, 2011, respectively, are included in deferred rent and other long-term liabilities on the Condensed Consolidated Balance Sheets.

Goodwill and Other Intangibles

Under the provisions of the Intangibles – Goodwill and Other Topic of the Codification, goodwill and intangible assets with indefinite lives are not amortized, but are tested at least annually, during the fourth quarter, for impairment. The Company will update the tests between annual tests if events or circumstances occur that would more likely than not reduce the fair value of the business unit with which the goodwill is associated below its carrying amount. It is also required that intangible assets with finite lives be amortized over their respective lives to their estimated residual values, and reviewed for impairment in accordance with the Property, Plant and Equipment Topic of the Codification.

Intangible assets of the Company with indefinite lives are primarily goodwill and identifiable trademarks acquired in connection with the acquisition of Schuh Group Ltd. in June 2011 and Hat World Corporation in April 2004. The Condensed Consolidated Balance Sheets include goodwill of $168.5 million for the Lids Sports Group, $100.0 million for the Schuh Group and $0.8 million for Licensed Brands at July 28, 2012, $159.1 million for the Lids Sports Group, $99.9 million for the Schuh Group and $0.8 million for Licensed Brands at January 28, 2012 and $155.4 million for the Lids Sports Group, $104.2 million for the Schuh Group and $0.8 million for Licensed Brands at July 30, 2011. The Company tests for impairment of intangible assets with an indefinite life, at a minimum on an annual basis, relying on a number of factors including operating results, business plans, projected future cash flows and observable market data. The impairment test for identifiable assets not subject to amortization consists of a comparison of the fair value of the intangible asset with its carrying amount. The Company has not had an impairment charge for intangible assets.

Identifiable intangible assets of the Company with finite lives are trademarks, customer lists, in-place leases, non-compete agreements and a vendor contract acquired in connection with the acquisitions of Hat World, Inc. in April 2004, Hat Shack, Inc. in January 2007, Impact Sports in November 2008, Great Plains Sports in September 2009, Sports Fan-Attic in November 2009, Brand Innovators in May 2010, Anaconda Sports in August 2010, Keuka Footwear in August 2010, Sports Avenue in October 2010 and Schuh in June 201l. They are subject to amortization based upon their estimated useful lives. Finite-lived intangible assets are evaluated for impairment using a process similar to that used to evaluate other definite-lived long-lived assets, a comparison of the fair value of the intangible asset with its carrying amount. An impairment loss is recognized for the amount by which the carrying value exceeds the fair value of the asset.

Note 1

Summary of Significant Accounting Policies, Continued

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at July 28, 2012 and January 28, 2012 are:



Fair Values
In thousands	July 28, 2012				January 28, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	71,800	$	72,074	$	5,000	$	5,021
UK Term Loans	28,697		28,726		35,704		35,387

Debt fair values were determined using the income approach which is generally measured using a discounted cash flow analysis based on current market interest rates for similar types of financial instruments and would be classified in Level 2 as defined in Note 5.

Carrying amounts reported on the Condensed Consolidated Balance Sheets for cash, cash equivalents, receivables and accounts payable approximate fair value due to the short-term maturity of these instruments.

Cost of Sales

For the Company’s retail operations, the cost of sales includes actual product cost, the cost of transportation to the Company’s warehouses from suppliers and the cost of transportation from the Company’s warehouses to the stores. Additionally, the cost of its distribution facilities allocated to its retail operations is included in cost of sales.

For the Company’s wholesale operations, the cost of sales includes the actual product cost and the cost of transportation to the Company’s warehouses from suppliers.

Selling and Administrative Expenses

Selling and administrative expenses include all operating costs of the Company excluding (i) those related to the transportation of products from the supplier to the warehouse, (ii) for its retail operations, those related to the transportation of products from the warehouse to the store and (iii) costs of its distribution facilities which are allocated to its retail operations. Wholesale and unallocated retail costs of distribution are included in selling and administrative expenses in the amounts of $1.8 million and $1.9 million for the second quarters of Fiscal 2013 and 2012, respectively, and $3.8 million and $4.3 million for the first six months of Fiscal 2013 and 2012, respectively.

Gift Cards

The Company has a gift card program that began in calendar 1999 for its Lids Sports operations and calendar 2000 for its footwear operations. The gift cards issued to date do not expire. As such, the Company recognizes income when: (i) the gift card is redeemed by the customer; or (ii) the likelihood of the gift card being redeemed by the customer for the purchase of goods in the future is remote and there are no related escheat laws (referred to as “breakage”). The gift card breakage

Note 1

Summary of Significant Accounting Policies, Continued

rate is based upon historical redemption patterns and income is recognized for unredeemed gift cards in proportion to those historical redemption patterns.

Gift card breakage is recognized in revenues each period. Gift card breakage recognized as revenue was $0.1 million for each of the second quarters of Fiscal 2013 and 2012 and $0.2 million for each of the first six months of Fiscal 2013 and 2012. The Condensed Consolidated Balance Sheets include an accrued liability for gift cards of $9.4 million, $10.4 million and $7.3 million at July 28, 2012, January 28, 2012 and July 30, 2011, respectively.

Buying, Merchandising and Occupancy Costs

The Company records buying, merchandising and occupancy costs in selling and administrative expense. Because the Company does not include these costs in cost of sales, the Company’s gross margin may not be comparable to other retailers that include these costs in the calculation of gross margin.

Shipping and Handling Costs

Shipping and handling costs related to inventory purchased from suppliers are included in the cost of inventory and are charged to cost of sales in the period that the inventory is sold. All other shipping and handling costs are charged to cost of sales in the period incurred except for wholesale and unallocated retail costs of distribution, which are included in selling and administrative expenses.

Preopening Costs

Costs associated with the opening of new stores are expensed as incurred, and are included in selling and administrative expenses on the accompanying Condensed Consolidated Statements of Operations.

Store Closings and Exit Costs

From time to time, the Company makes strategic decisions to close stores or exit locations or activities. If stores or operating activities to be closed or exited constitute components, as defined by the Property, Plant and Equipment Topic of the Codification, and will not result in a migration of customers and cash flows, these closures will be considered discontinued operations when the related assets meet the criteria to be classified as held for sale, or at the cease-use date, whichever occurs first. The results of operations of discontinued operations are presented retroactively, net of tax, as a separate component on the Condensed Consolidated Statements of Operations, if material individually or cumulatively. To date, no store closings meeting the discontinued operations criteria have been material individually or cumulatively.

Assets related to planned store closures or other exit activities are reflected as assets held for sale and recorded at the lower of carrying value or fair value less costs to sell when the required criteria, as defined by the Property, Plant and Equipment Topic of the Codification, are satisfied. Depreciation ceases on the date that the held for sale criteria are met.

Assets related to planned store closures or other exit activities that do not meet the criteria to be classified as held for sale are evaluated for impairment in accordance with the Company’s normal

Note 1

Summary of Significant Accounting Policies, Continued

impairment policy, but with consideration given to revised estimates of future cash flows. In any event, the remaining depreciable useful lives are evaluated and adjusted as necessary.

Exit costs related to anticipated lease termination costs, severance benefits and other expected charges are accrued for and recognized in accordance with the Exit or Disposal Cost Obligations Topic of the Codification.

Advertising Costs

Advertising costs are predominantly expensed as incurred. Advertising costs were $10.4 million and $8.4 million for the second quarter of Fiscal 2013 and 2012, respectively, and $21.1 million and $18.1 million for the first six months of Fiscal 2013 and 2012, respectively. Direct response advertising costs for catalogs are capitalized in accordance with the Other Assets and Deferred Costs Topic for Capitalized Advertising Costs of the Codification. Such costs are amortized over the estimated future period as revenues are realized from such advertising, not to exceed six months. The Condensed Consolidated Balance Sheets include prepaid assets for direct response advertising costs of $1.7 million, $1.1 million and $1.4 million at July 28, 2012, January 28, 2012 and July 30, 2011.

Consideration to Resellers

The Company does not have any written buy-down programs with retailers, but the Company has provided certain retailers with markdown allowances for obsolete and slow moving products that are in the retailer’s inventory. The Company estimates these allowances and provides for them as reductions to revenues at the time revenues are recorded. Markdowns are negotiated with retailers and changes are made to the estimates as agreements are reached. Actual amounts for markdowns have not differed materially from estimates.

Cooperative Advertising

Cooperative advertising funds are made available to all of the Company’s wholesale customers. In order for retailers to receive reimbursement under such programs, the retailer must meet specified advertising guidelines and provide appropriate documentation of expenses to be reimbursed. The Company’s cooperative advertising agreements require that wholesale customers present documentation or other evidence of specific advertisements or display materials used for the Company’s products by submitting the actual print advertisements presented in catalogs, newspaper inserts or other advertising circulars, or by permitting physical inspection of displays. Additionally, the Company’s cooperative advertising agreements require that the amount of reimbursement requested for such advertising or materials be supported by invoices or other evidence of the actual costs incurred by the retailer. The Company accounts for these cooperative advertising costs as selling and administrative expenses, in accordance with the Revenue Recognition Topic for Customer Payments and Incentives of the Codification.

Cooperative advertising costs recognized in selling and administrative expenses were $0.7 million and $0.8 million for the second quarter of Fiscal 2013 and 2012, respectively, and $1.7 million for each of the first six months of Fiscal 2013 and 2012. During the first six months of Fiscal 2013 and 2012, the Company’s cooperative advertising reimbursements paid did not exceed the fair value of the benefits received under those agreements.

Note 1

Summary of Significant Accounting Policies, Continued

Vendor Allowances

From time to time, the Company negotiates allowances from its vendors for markdowns taken or expected to be taken. These markdowns are typically negotiated on specific merchandise and for specific amounts. These specific allowances are recognized as a reduction in cost of sales in the period in which the markdowns are taken. Markdown allowances not attached to specific inventory on hand or already sold are applied to concurrent or future purchases from each respective vendor.

The Company receives support from some of its vendors in the form of reimbursements for cooperative advertising and catalog costs for the launch and promotion of certain products. The reimbursements are agreed upon with vendors and represent specific, incremental, identifiable costs incurred by the Company in selling the vendor’s specific products. Such costs and the related reimbursements are accumulated and monitored on an individual vendor basis, pursuant to the respective cooperative advertising agreements with vendors. Such cooperative advertising reimbursements are recorded as a reduction of selling and administrative expenses in the same period in which the associated expense is incurred. If the amount of cash consideration received exceeds the costs being reimbursed, such excess amount would be recorded as a reduction of cost of sales.

Vendor reimbursements of cooperative advertising costs recognized as a reduction of selling and administrative expenses were $0.7 million and $0.9 million for the second quarter of Fiscal 2013 and 2012, respectively, and $1.6 million and $1.8 million for the first six months of Fiscal 2013 and 2012, respectively. During the first six months of Fiscal 2013 and 2012, the Company’s cooperative advertising reimbursements received were not in excess of the costs incurred.

Environmental Costs

Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to an existing condition caused by past operations, and which do not contribute to current or future revenue generation, are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable and the costs can be reasonably estimated and are evaluated independently of any future claims for recovery. Generally, the timing of these accruals coincides with completion of a feasibility study or the Company's commitment to a formal plan of action. Costs of future expenditures for environmental remediation obligations are not discounted to their present value.

Earnings Per Common Share

Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities to issue common stock were exercised or converted to common stock (see Note 7).

Note 1

Summary of Significant Accounting Policies, Continued

Other Comprehensive Income

The Comprehensive Income Topic of the Codification requires, among other things, the Company’s pension liability adjustment, postretirement liability adjustment, unrealized gains or losses on foreign currency forward contracts and foreign currency translation adjustments to be included in other comprehensive income net of tax. Accumulated other comprehensive loss at July 28, 2012 consisted of $29.6 million of cumulative pension liability adjustments, net of tax, a cumulative post retirement liability adjustment of $0.3 million, net of tax, and a foreign currency translation adjustment of $2.9 million.

Business Segments

The Segment Reporting Topic of the Codification requires that companies disclose “operating segments” based on the way management disaggregates the Company’s operations for making internal operating decisions (see Note 9).

Derivative Instruments and Hedging Activities

The Derivatives and Hedging Topic of the Codification requires an entity to recognize all derivatives as either assets or liabilities in the Condensed Consolidated Balance Sheet and to measure those instruments at fair value. Under certain conditions, a derivative may be specifically designated as a fair value hedge or a cash flow hedge. The accounting for changes in the fair value of a derivative are recorded each period in current earnings or in other comprehensive income depending on the intended use of the derivative and the resulting designation. In prior periods, the Company entered into a small amount of foreign currency forward exchange contracts in order to reduce exposure to foreign currency exchange rate fluctuations in connection with inventory purchase commitments for its Johnston & Murphy Group.

There were no such contracts outstanding at July 28, 2012, January 28, 2012 and July 30, 2011. For the six months ended July 28, 2012, the Company recorded an unrealized loss on foreign currency forward contracts of less than $0.1 million in accumulated other comprehensive loss, before taxes. The Company monitors the credit quality of the major international, national and regional financial institutions with which it enters into such contracts.

The Company estimates that the majority of net hedging losses related to forward exchange contracts will be reclassified from accumulated other comprehensive loss into earnings through higher cost of sales over the succeeding year.

Note 1

Summary of Significant Accounting Policies, Continued

New Accounting Principles

In June 2011, FASB issued Accounting Standards Update No. 2011-05, an update to the FASB Codification Comprehensive Income Topic, which amends the existing accounting standards related to the presentation of comprehensive income in a company's financial statements. This update requires that all non-owner changes in shareholders' equity be presented in either a single continuous statement of comprehensive income or in two separate but consecutive statements. In the two statement approach, the first statement would present total net earnings and its components followed consecutively by a second statement that should present total other comprehensive income, the components of other comprehensive income and the total of comprehensive income. Under either presentation alternative, reclassification adjustments and the effect of those adjustments on net earnings and other comprehensive income must be presented in the respective statement or statements, as applicable. The Company adopted this update for the first quarter of Fiscal 2013 and has included a separate statement of comprehensive income in its Condensed Consolidated Financial Statements. The adoption did not have a significant impact on the Company’s results of operations or financial position.

Acquisitions and Intangible Assets

3 Months Ended

Jul. 28, 2012

Acquisitions and Intangible Assets [Abstract]

Acquisitions and Intangible Assets

Schuh Acquisition

On June 23, 2011, the Company, through its newly-formed, wholly-owned subsidiary Genesco (UK) Limited (“Genesco UK”), completed the acquisition of all the outstanding shares of Schuh Group Ltd. (“Schuh”) for a total purchase price of approximately £100.0 million, less £29.5 million outstanding under existing Schuh credit facilities, which remain in place, less a £1.9 million working capital adjustment and plus £6.2 million net cash acquired, with £5.0 million withheld and payable in June 2013. The Company financed the acquisition with borrowings under its existing credit facility and the balance from cash on hand. The purchase agreement also provides for deferred purchase price payments totaling £25 million, payable £15 million and £10 million on the third and fourth anniversaries of the closing, respectively, subject to the payees’ not having terminated their employment with Schuh under certain specified circumstances. This amount will be recorded as compensation expense and not reported as a component of the cost of the acquisition.

Headquartered in Scotland, Schuh is a specialty retailer of casual and athletic footwear sold through 69 retail stores in the United Kingdom and the Republic of Ireland and 14 concessions in Republic apparel stores as of July 28, 2012. The Company completed the acquisition in order to enhance its strategic development and prospects for growth and provide the Company with an established retail presence in the United Kingdom and improved insight into global fashion trends. The results of Schuh’s operations for the three months ended July 28, 2012 include net sales of $81.2 million and an operating loss of $(0.5) million, and for the six months ended July 28, 2012 include net sales of $151.5 million and an operating loss of $(3.5) million, and have been included in the Company’s Condensed Consolidated Financial Statements for the three months and six months ended July 28, 2012. During the three months and six months ended July 28, 2012, compensation expense related to the Schuh acquisition deferred purchase price obligation was $2.9 million and $5.9 million, respectively. This expense is included in the operating loss for the Schuh Group segment.

Note 2

Acquisitions and Intangible Assets, Continued

The acquisition has been accounted for using the purchase method in accordance with the amended Business Combinations Topic of the Codification. Accordingly, the total purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at acquisition as follows (amounts in thousands):



At June 23, 2011
Cash	$	24,836
Accounts Receivable	4,673
Inventories	32,179
Other current assets	7,565
Property and equipment	30,314
Other non-current assets	6,977
Deferred taxes	4,197
Trademarks	27,224
Other intangibles	4,995
Goodwill	102,907
Accounts payable	(16,196		)
Other current liabilities	(24,718		)
Long-term debt (includes current portion)	(62,562		)
Other non-current liabilities	(26,637		)
Net Assets Acquired	$	115,754

The trademarks acquired include the concept names and are deemed to have an indefinite life. Other intangibles include a $1.7 million customer list, a $2.5 million asset to reflect the adjustment of acquired leases to market and a vendor contract of $0.8 million. The weighted average amortization period for the asset to adjust acquired leases to market is 2.7 years. The weighted average amortization period for customer lists is 4.6 years.

Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Specifically, the goodwill recorded as part of the acquisition of Schuh includes the expected purchasing synergies and other benefits that result from combining the Schuh business with the Company, improved insight into global fashion trends, any intangible assets that do not qualify for separate recognition and an acquired assembled workforce. The goodwill related to the Schuh acquisition is not deductible for tax purposes.

Note 2

Acquisitions and Intangible Assets, Continued

The following pro forma information presents the results of operations of the Company as if the Schuh acquisition had taken place at the beginning of Fiscal 2011 or January 31, 2010. Pro forma adjustments have been made to reflect additional interest expense from the $89.0 million in debt associated with the acquisition, interest expense on the acquired debt, amortization of intangible assets and the related income tax effects.



	Six Months Ended - Pro forma
In thousands, except per share data	July 30, 2011
Net sales	$	1,044,373
Earnings from continuing operations	16,284
Earnings per share:
Basic	$	0.70
Diluted	$	0.69

The pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the results of operations that would have occurred had the Schuh acquisition occurred at the beginning of Fiscal 2011.

Intangible Assets

Other intangibles by major classes were as follows:



	Leases						Customer Lists						Other*						Total
(In Thousands)	Jul. 28, 2012			Jan. 28, 2012			Jul. 28, 2012			Jan. 28, 2012			Jul. 28, 2012			Jan. 28, 2012			Jul. 28, 2012			Jan. 28, 2012
Gross other intangibles	$	12,366		$	12,390		$	14,105		$	14,062		$	2,112		$	2,001		$	28,583		$	28,453
Accumulated amortization	(10,131		)	(9,477		)	(4,285		)	(3,292		)	(990		)	(876		)	(15,406		)	(13,645		)
Net Other Intangibles	$	2,235		$	2,913		$	9,820		$	10,770		$	1,122		$	1,125		$	13,177		$	14,808

*Includes non-compete agreements, vendor contract and backlog.

The amortization of intangibles, including trademarks, was $0.9 million and $0.8 million for the second quarter of Fiscal 2013 and 2012, respectively, and $1.7 million and $1.5 million for the first six months of Fiscal 2013 and 2012, respectively. The amortization of intangibles, including trademarks, will be $4.6 million, $4.2 million, $3.1 million, $2.1 million and $1.6 million for Fiscal 2013, 2014, 2015, 2016 and 2017, respectively.

Asset Impairments and Other Charges and Discontinued Operations

3 Months Ended

Jul. 28, 2012

Restructuring and Other Charges and Discontinued Operations [Abstract]

Restructuring and Other Charges and Discontinued Operations

Asset Impairments and Other Charges and Discontinued Operations

Asset Impairments and Other Charges

In accordance with Company policy, assets are determined to be impaired when the revised estimated future cash flows are insufficient to recover the carrying costs. Impairment charges represent the excess of the carrying value over the fair value of those assets.

Asset impairment charges are reflected as a reduction of the net carrying value of property and equipment, and in asset impairments and other, net in the accompanying Condensed Consolidated Statements of Operations.

The Company recorded a pretax charge to earnings of $0.4 million in the second quarter of Fiscal 2013, primarily for retail store asset impairments. The Company recorded a pretax charge to earnings of $0.5 million in the first six months of Fiscal 2013, including $0.4 million for retail store asset impairments and $0.1 million for network intrusion expenses.

The Company recorded a pretax charge to earnings of $0.3 million in the second quarter of Fiscal 2012, primarily for retail store asset impairments. The Company recorded a pretax charge to earnings of $1.6 million in the first six months of Fiscal 2012, including $1.1 million for retail store asset impairments, $0.4 million for network intrusion expenses and $0.1 million for other legal matters.

Discontinued Operations



Accrued Provision for Discontinued Operations
In thousands	Facility Shutdown Costs
Balance January 29, 2011	$	15,035
Additional provision Fiscal 2012	1,692
Charges and adjustments, net	(4,210		)
Balance January 28, 2012	12,517
Additional provision Fiscal 2013	360
Charges and adjustments, net	(1,099		)
Balance July 28, 2012*	11,778
Current provision for discontinued operations	7,511
Total Noncurrent Provision for Discontinued Operations	$	4,267

*Includes a $12.3 million environmental provision, including $8.0 million in current provision for discontinued operations.

Inventories

3 Months Ended

Jul. 28, 2012

Inventory Disclosure [Abstract]

Inventories



In thousands	July 28, 2012		January 28, 2012
Raw materials	$	28,735	$	30,636
Wholesale finished goods	48,562		53,453
Retail merchandise	478,329		351,024
Total Inventories	$	555,626	$	435,113

Fair Value

3 Months Ended

Jul. 28, 2012

Fair Value Disclosures [Abstract]

Fair Value

The Fair Value Measurements and Disclosures Topic of the Codification defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value measurements. This Topic defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. It also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

Note 5

Fair Value, Continued

The following table presents the Company’s assets (which excludes the Company's pension plan assets) and liabilities measured at fair value on a nonrecurring basis as of July 28, 2012 aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):



	Long-Lived Assets Held and Used		Level 1		Level 2		Level 3		Total Losses
Measured as of April 28, 2012	$	47	$	—	$	—	$	47	$	46
Measured as of July 28, 2012	$	54	$	—	$	—	$	54	$	391

In accordance with the Property, Plant and Equipment Topic of the Codification, the Company recorded $0.4 million and $0.4 million of impairment charges as a result of the fair value measurement of its long-lived assets held and used on a nonrecurring basis during the three months and six months ended July 28, 2012. These charges are reflected in asset impairments and other, net on the Condensed Consolidated Statements of Operations.

The Company used a discounted cash flow model to estimate the fair value of these long-lived assets. Discount rate and growth rate assumptions are derived from current economic conditions, expectations of management and projected trends of current operating results. As a result, the Company has determined that the majority of the inputs used to value its long-lived assets held and used are unobservable inputs that fall within Level 3 of the fair value hierarchy.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name Statement of Financial Accounting Standard (FAS)
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 17-22, 27, 28
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Compensation and Retirement Disclosure [Abstract]

Defined Benefit Pension Plans and Other Benefit Plans

3 Months Ended

Jul. 28, 2012

Defined Benefit Pension Plans and Other Postretirement Benefit Plans

Defined Benefit Pension Plans and Other Benefit Plans



Components of Net Periodic Benefit Cost


	Pension Benefits						Other Benefits
	Three Months Ended						Three Months Ended
In thousands	July 28, 2012			July 30, 2011			July 28, 2012		July 30, 2011
Service cost	$	88		$	63		$	89	$	42
Interest cost	1,239			1,400			39		43
Expected return on plan assets	(1,750		)	(1,952		)	—		—
Amortization:
Prior service cost	1			1			—		—
Losses	1,478			1,162			21		20
Net amortization	1,479			1,163			21		20
Net Periodic Benefit Cost	$	1,056		$	674		$	149	$	105

Note 6

Defined Benefit Pension Plans and Other Benefit Plans, Continued



Components of Net Periodic Benefit Cost
	Pension Benefits						Other Benefits
	Six Months Ended						Six Months Ended
In thousands	July 28, 2012			July 30, 2011			July 28, 2012		July 30, 2011
Service cost	$	176		$	126		$	178	$	84
Interest cost	2,483			2,798			78		86
Expected return on plan assets	(3,504		)	(3,904		)	—		—
Amortization:
Prior service cost	2			2			—		—
Losses	3,076			2,403			42		40
Net amortization	3,078			2,405			42		40
Net Periodic Benefit Cost	$	2,233		$	1,425		$	298	$	210

There is no cash contribution required for the Plan in 2012.

The entire disclosure for pension and other postretirement benefits.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
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-Name Statement of Financial Accounting Standard (FAS)
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-Name Statement of Financial Accounting Standard (FAS)
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-Number 03-2
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-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
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-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/topic&trid=2235017

Earnings Per Share

3 Months Ended

Jul. 28, 2012

Earnings Per Share [Abstract]

Earnings Per Share



	For the Three Months Ended						For the Three Months Ended
	July 28, 2012						July 30, 2011
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	10,561					$	350

Less: Preferred stock dividends	(35		)				(49		)

Basic EPS from continuing operations
Income available to
common shareholders	10,526			23,778	$	0.44	301			23,126	$	.01

Effect of Dilutive Securities from continuing operations
Options				297						460
Convertible preferred stock⁽¹⁾	—			—			—			—
Employees' preferred stock⁽²⁾				48						49

Diluted EPS
Income available to common
shareholders plus assumed
conversions	$	10,526		24,123	$	0.44	$	301		23,635	$	.01

(1)

The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was higher than basic earnings per share for all periods presented. Therefore, conversion of the convertible preferred stock was not reflected in diluted earnings per share because it would have been antidilutive. The shares convertible to common stock for Series 1, 3 and 4 preferred stock would have been 13,502, 18,198 and 4,920, respectively, as of July 28, 2012.


(2)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted for the second quarter ended July 28, 2012 and July 30, 2011.

Note 7

Earnings Per Share, Continued



	For the Six Months Ended						For the Six Months Ended
	July 28, 2012						July 30, 2011
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	31,352					$	15,325

Less: Preferred stock dividends	(81		)				(98		)

Basic EPS from continuing operations
Income available to
common shareholders	31,271			23,687	$	1.32	15,227			23,033	$	0.66

Effect of Dilutive Securities from continuing operations
Options				415						506
Convertible preferred stock(1)	21			18			—			—
Employees' preferred stock(2)				48						49

Diluted EPS
Income available to common
shareholders plus assumed
conversions	$	31,292		24,168	$	1.29	$	15,227		23,588	$	0.65

(1)

The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was less than basic earnings per share for Series 3 preferred stock for the six months ended July 28, 2012. Therefore, conversion of Series 3 preferred shares was included in diluted earnings per share for the six months ended July 28, 2012. The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was higher than basic earnings per share for Series 1 and 4 preferred stock for the six months ended July 28, 2012 and for all preferred stocks for the six months ended July 30, 2011. Therefore, conversion of the Series 1 and 4 convertible preferred stocks for the six months ended July 28, 2012 and all preferred stocks for the six months ended July 30, 2011 were not reflected in diluted earnings per share because it would have been antidilutive. The shares convertible to common stock for Series 1, 3 and 4 preferred stock would have been 13,502, 18,198 and 4,920, respectively, as of July 28, 2012.


(2)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted for the six months ended July 28, 2012 and July 30, 2011.

The Company repurchased 346,398 shares during the six months ended July 28, 2012 for $20.8 million of which $0.6 million was not paid in the second quarter but included in other accrued liabilities in the Condensed Consolidated Balance Sheets. The Company did not repurchase any shares during the six months ended July 30, 2011.

Legal Proceedings	3 Months Ended
Legal Proceedings	Jul. 28, 2012
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Legal Proceedings Environmental Matters New York State Environmental Matters In August 1997, the New York State Department of Environmental Conservation (“NYSDEC”) and the Company entered into a consent order whereby the Company assumed responsibility for conducting a remedial investigation and feasibility study (“RIFS”) and implementing an interim remedial measure (“IRM”) with regard to the site of a knitting mill operated by a former subsidiary of the Company from 1965 to 1969. The Company undertook the IRM and RIFS voluntarily, without admitting liability or accepting responsibility for any future remediation of the site. The Company has completed the IRM and the RIFS. In the course of preparing the RIFS, the Company identified remedial alternatives with estimated undiscounted costs ranging from $0 million to $24.0 million, excluding amounts previously expended or provided for by the Company. The United States Environmental Protection Agency (“EPA”), which has assumed primary regulatory responsibility for the site from NYSDEC, issued a Record of Decision in September 2007. The Record of Decision requires a remedy of a combination of groundwater extraction and treatment and in-site chemical oxidation at an estimated present cost of approximately $10.7 million. In July 2009, the Company agreed to a Consent Order with the EPA requiring the Company to perform certain remediation actions, operations, maintenance and monitoring at the site. In September 2009, a Consent Judgment embodying the Consent Order was filed in the U.S. District Court for the Eastern District of New York. The Village of Garden City, New York, has additionally asserted that the Company is liable for the costs associated with enhanced treatment required by the impact of the groundwater plume from the site on two public water supply wells, including historical costs ranging from approximately $1.8 million to in excess of $2.5 million, and future operation and maintenance costs which the Village estimates at $126,400 annually while the enhanced treatment continues. On December 14, 2007, the Village filed a complaint against the Company and the owner of the property under the Resource Conservation and Recovery Act (“RCRA”), the Safe Drinking Water Act, and the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) as well as a number of state law theories in the U.S. District Court for the Eastern District of New York, seeking an injunction requiring the defendants to remediate contamination from the site and to establish their liability for future costs that may be incurred in connection with it, which the complaint alleges could exceed $41 million, undiscounted, over a 70-year period. The Company has not verified the estimates of either historic or future costs asserted by the Village, but believes that an estimate of future costs based on a 70-year remediation period is unreasonable given the expected remedial period reflected in the EPA's Record of Decision. On May 23, 2008, the Company filed a motion to dismiss the Village's complaint on grounds including applicable statutes of limitation and preemption of certain claims by the NYSDEC's and the EPA's diligent prosecution of remediation. On January 27, 2009, the Court granted the motion to dismiss all counts of the plaintiff's complaint except for the CERCLA claim and a state law claim for indemnity for costs incurred after November 27, 2000. On September 23, 2009, on a motion for reconsideration by the Village, the Court reinstated the claims for injunctive relief under RCRA and for equitable relief under certain of the state law theories. The Company intends to continue to defend the action. In December 2005, the EPA notified the Company that it considers the Company a potentially responsible party (“PRP”) with respect to contamination at two Superfund sites in upstate New York. The sites were used as landfills for process wastes generated by a glue manufacturer, which acquired tannery wastes from several tanners, allegedly including the Company's Whitehall tannery, for use as raw materials in the Note 8 Legal Proceedings, Continued gluemaking process. The Company has no records indicating that it ever provided raw materials to the gluemaking operation and has not been able to establish whether the EPA's substantive allegations are accurate. The Company, together with other tannery PRPs, has entered into cost sharing agreements and Consent Decrees with the EPA with respect to both sites. Based upon the current estimates of the cost of remediation, the Company's share is expected to be less than $250,000 in total for the two sites. While there is no assurance that the Company's share of the actual cost of remediation will not exceed the estimate, the Company does not presently expect that its aggregate exposure with respect to these two landfill sites will have a material adverse effect on its financial condition or results of operations. Whitehall Environmental Matters The Company has performed sampling and analysis of soil, sediments, surface water, groundwater and waste management areas at the Company's former Volunteer Leather Company facility in Whitehall, Michigan. In October 2010, the Company and the Michigan Department of Natural Resources and Environment entered into a Consent Decree providing for implementation of a remedial Work Plan for the facility site designed to bring the site into compliance with applicable regulatory standards. The Work Plan's implementation is substantially complete and the Company expects, based on its present understanding of the condition of the site, that its future obligations with respect to the site will be limited to periodic monitoring and that future costs related to the site should not have a material effect on its financial condition or results of operations. Accrual for Environmental Contingencies Related to all outstanding environmental contingencies, the Company had accrued $12.3 million as of July 28, 2012, $13.0 million as of January 28, 2012 and $14.2 million as of July 30, 2011. All such provisions reflect the Company's estimates of the most likely cost (undiscounted, including both current and noncurrent portions) of resolving the contingencies, based on facts and circumstances as of the time they were made. There is no assurance that relevant facts and circumstances will not change, necessitating future changes to the provisions. Such contingent liabilities are included in the liability arising from provision for discontinued operations on the accompanying Condensed Consolidated Balance Sheets because it relates to former facilities operated by the Company. The Company has made pretax accruals for certain of these contingencies, including approximately $0.1 million and $1.2 million reflected in the second quarter of Fiscal 2013 and 2012, respectively, and $0.4 million and $1.6 million reflected in the first six months of Fiscal 2013 and 2012, respectively. These charges are included in provision for discontinued operations, net in the Condensed Consolidated Statements of Operations and represent changes in estimates. California Action On March 3, 2011, there was filed in the U.S. District Court for the Eastern District of California a putative class action styled Fraser v. Genesco Inc. On March 4, 2011, there was filed in the Superior Court of California for the County of San Francisco a putative class action styled Pabst v. Genesco Inc. et al. The Pabst action was removed to the U.S. District Court for the Northern District of California on April 1, 2011. Both complaints allege that the Company's retail stores in California violated the California Song-Beverly Credit Card Act of 1971 and other California law through customer information collection practices, and both seek civil penalties, damages, restitution, injunctive and declaratory relief, attorneys' fees, and other relief. The Company and plaintiffs' counsel have reached an agreement to settle both actions. The court approved the settlement on August 24, 2012. The Company expects that the settlement will not have a material effect on its financial condition or results of operations. Note 8 Legal Proceedings, Continued Other Matters On December 10, 2010, the Company announced that it had suffered a criminal intrusion into the portion of its computer network that processes payments for transactions in certain of its retail stores. Visa, Inc. and MasterCard Worldwide have asserted claims against the Company's acquiring banks totaling approximately $15.4 million in connection with the intrusion, which amounts may be indemnifiable by the Company. The Company disputes the validity of these claims and intends to contest them vigorously and thus has no accrual. There can be no assurance that additional claims related to the intrusion will not be asserted by these or other parties in the future, but the Company does not currently expect any potential additional claims to have a material effect on its financial condition or results of operations. On January 5, 2012, a patent infringement action against the Company and numerous other defendants was filed in the U.S. District Court for the Eastern District of Texas, GeoTag, Inc. v. Circle K Store, Inc., et al., alleging that features of certain of the Company's e-commerce websites infringe U.S. Patent No. 5,930,474, entitled “Internet Organizer for Accessing Geographically and Topically Based Information.” The plaintiff seeks relief including damages for the alleged infringement, costs, expenses and pre- and post-judgment interest and injunctive relief. The Company disputes the validity of the claim and intends to defend the matter and thus has no accrual. On May 14, 2012, a putative class and collective action, Maro v. Hat World, Inc., was filed in the U.S. District Court for the Northern District of Illinois. The action alleges that the Company failed to pay the plaintiff and other, similarly situated retail store employees of Hat World, Inc., for time spent making bank deposits of store collections, and seeks to recover unpaid wages, liquidated damages, statutory penalties, attorneys fees, and costs pursuant to the federal Fair Labor Standards Act, the Illinois Minimum Wage Law and the Illinois Wage Payment and Collection Act. On July 16, 2012 and July 30, 2012, additional putative class and collective actions, Chavez v. Hat World, Inc. and Dismukes v. Hat World, Inc., were filed in the same court, alleging that certain Hat World employees were misclassified as exempt from overtime pay, and seeking similar relief. The Chavez and Dismukes actions have been consolidated. The Company disputes the material allegations in these complaints and intends to defend the matters and thus has no accrual. In addition to the matters specifically described in this Note, the Company is a party to other legal and regulatory proceedings and claims arising in the ordinary course of its business. While management does not believe that the Company's liability with respect to any of these other matters is likely to have a material effect on its financial position or results of operations, legal proceedings are subject to inherent uncertainties and unfavorable rulings could have a material adverse impact on the Company's business and results of operations.

The entire disclosure for commitments and contingencies.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Business Segment Information

Business Segment Information

3 Months Ended

Jul. 28, 2012

Segment Reporting [Abstract]

During the six months ended July 28, 2012, the Company operated five reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys retail footwear chains, catalog and e-commerce operations; (ii) Schuh Group, acquired in June 2011, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Lids Sports Group, comprised primarily of the Lids, Hat World and Hat Shack retail headwear stores, the Lids Locker Room and Lids Clubhouse fan shops (operated under various trade names), the Lids Team Sports business and certain e-commerce operations; (iv) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, catalog and e-commerce operations and wholesale distribution; and (v) Licensed Brands, comprised of Dockers^® Footwear, sourced and marketed under a license from Levi Strauss & Company, SureGrip^® Footwear and other brands.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

The Company's reportable segments are based on management's organization of the segments in order to make operating decisions and assess performance along types of products sold. Journeys Group, Schuh Group and Lids Sports Group sell primarily branded products from other companies while Johnston & Murphy Group and Licensed Brands sell primarily the Company's owned and licensed brands. As a result of combining the Underground Station Group with Journeys Group in the first quarter of Fiscal 2013, Journeys Group segment sales, operating income, total assets, depreciation and amortization and capital expenditures have been restated for the three months and six months ended July 30, 2011 to conform to the current year presentation.

Corporate assets include cash, prepaid rent expense, prepaid income taxes, deferred income taxes, deferred note expense and corporate fixed assets. The Company charges allocated retail costs of distribution to each segment. The Company does not allocate certain costs to each segment in order to make decisions and assess performance. These costs include corporate overhead, interest expense, interest income, asset impairment charges and other, including major litigation.

Note 9

Business Segment Information, Continued



Three Months Ended
July 28, 2012	Journeys Group		Schuh Group			Lids Sports Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
In thousands	Journeys Group		Schuh Group			Lids Sports Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
Sales	$	209,439	$	81,156		$	182,598		$	48,286		$	22,307		$	513		$	544,299
Intercompany Sales	—		—			(719		)	(7		)	(51		)	—			(777		)
Net sales to external customers	$	209,439	$	81,156		$	181,879		$	48,279		$	22,256		$	513		$	543,522
Segment operating income (loss)	$	2,065	$	(545	)	$	20,571		$	1,814		$	1,427		$	(7,973	)	$	17,359
Asset Impairments and other*	—		—			—			—			—			(404		)	(404		)
Earnings (loss) from operations	2,065		(545		)	20,571			1,814			1,427			(8,377		)	16,955
Interest expense	—		—			—			—			—			(1,217		)	(1,217		)
Interest income	—		—			—			—			—			10			10
Earnings (loss) from continuing operations before income taxes	$	2,065	$	(545	)	$	20,571		$	1,814		$	1,427		$	(9,584	)	$	15,748
Total assets**	$	336,788	$	221,257		$	527,555		$	84,353		$	32,906		$	178,099		$	1,380,958
Depreciation and amortization	4,987		2,531			6,198			918			82			575			15,291
Capital expenditures	4,656		5,322			5,271			1,704			527			935			18,415

*Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.3 million is in the Lids Sports Group and $0.1 million is in the Journeys Group.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $168.5 million, $100.0 million and $0.8 million of goodwill, respectively.



Three Months Ended
July 30, 2011	Journeys Group			Schuh Group			Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In thousands	Journeys Group			Schuh Group			Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	194,693		33,973			$	177,556		$	45,571	$	18,627		$	313		$	470,733
Intercompany Sales	—			—			(33		)	—		(109		)	—			(142		)
Net sales to external customers	$	194,693		$	33,973		$	177,523		$	45,571	$	18,518		$	313		$	470,591
Segment operating income (loss)	$	(3,875	)	$	(77	)	$	18,106		$	2,155	$	994		$	(15,305	)	$	1,998
Asset Impairments and other*	—			—			—			—		—			(347		)	(347		)
Earnings (loss) from operations	(3,875		)	(77		)	18,106			2,155		994			(15,652		)	1,651
Interest expense	—			—			—			—		—			(1,097		)	(1,097		)
Interest income	—			—			—			—		—			16			16
Earnings (loss) from continuing operations before income taxes	$	(3,875	)	$	(77	)	$	18,106		$	2,155	$	994		$	(16,733	)	$	570
Total assets**	$	307,796		214,650			$	478,455		$	77,038	$	31,963		$	168,674		$	1,278,576
Depreciation and amortization	5,157			936			5,409			877		67			556			13,002
Capital expenditures	3,202			982			7,115			758		271			1,288			13,616

*Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.2 million is in the Journeys Group and $0.2 million is in the Lids Sports Group.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $155.4 million, $104.2 million and $0.8 million of goodwill.

Note 9

Business Segment Information, Continued



Six Months Ended
July 28, 2012	Journeys Group		Schuh Group			Lids Sports Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
In thousands	Journeys Group		Schuh Group			Lids Sports Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
Sales	$	473,279	$	151,468		$	365,973		$	99,699		$	53,650		$	690		$	1,144,759
Intercompany Sales	—		—			(958		)	(7		)	(128		)	—			(1,093		)
Net sales to external customers	$	473,279	$	151,468		$	365,015		$	99,692		$	53,522		$	690		$	1,143,666
Segment operating income (loss)	$	27,347	$	(3,496	)	$	39,739		$	5,823		$	4,792		$	(20,704	)	$	53,501
Asset Impairments and other*	—		—			—			—			—			(539		)	(539		)
Earnings (loss) from operations	27,347		(3,496		)	39,739			5,823			4,792			(21,243		)	52,962
Interest expense	—		—			—			—			—			(2,349		)	(2,349		)
Interest income	—		—			—			—			—			25			25
Earnings (loss) from continuing operations before income taxes	$	27,347	$	(3,496	)	$	39,739		$	5,823		$	4,792		$	(23,567	)	$	50,638
Total assets**	$	336,788	$	221,257		$	527,555		$	84,353		$	32,906		$	178,099		$	1,380,958
Depreciation and amortization	9,957		4,773			12,707			1,811			158			1,138			30,544
Capital expenditures	8,815		7,895			9,772			3,575			582			1,894			32,533

*Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.3 million is in the Lids Sports Group and $0.1 million is in the Journeys Group, and $0.1 million of network intrusion costs.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $168.5 million, $100.0 million and $0.8 million of goodwill, respectively.



Six Months Ended
July 30, 2011	Journeys Group		Schuh Group			Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In thousands	Journeys Group		Schuh Group			Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	429,210	33,973			$	347,258		$	93,622	$	47,643		$	621		$	952,327
Intercompany Sales	—		—			(59		)	—		(175		)	—			(234		)
Net sales to external customers	$	429,210	$	33,973		$	347,199		$	93,622	$	47,468		$	621		$	952,093
Segment operating income (loss)	$	13,583	$	(77	)	$	32,110		$	5,050	$	4,298		$	(26,197	)	$	28,767
Asset Impairments and other*	—		—			—			—		—			(1,591		)	(1,591		)
Earnings (loss) from operations	13,583		(77		)	32,110			5,050		4,298			(27,788		)	27,176
Interest expense	—		—			—			—		—			(1,613		)	(1,613		)
Interest income	—		—			—			—		—			18			18
Earnings (loss) from continuing operations before income taxes	$	13,583	$	(77	)	$	32,110		$	5,050	$	4,298		$	(29,383	)	$	25,581
Total assets**	$	307,796	214,650			$	478,455		$	77,038	$	31,963		$	168,674		$	1,278,576
Depreciation and amortization	10,439		936			10,857			1,774		133			1,065			25,204
Capital expenditures	5,275		982			13,529			1,165		475			1,787			23,213

*Asset Impairments and other includes a $1.1 million charge for asset impairments, of which $0.6 million is in the Journeys Group, $0.3 million is in the Lids Sports Group and $0.2 million is in the Johnston & Murphy Group.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $155.4 million, $104.2 million and $0.8 million of goodwill.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Principles of Consolidation

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Jul. 28, 2012

Accounting Policies [Abstract]

Nature of Operations

All subsidiaries are consolidated in the condensed consolidated financial statements. All significant intercompany transactions and accounts have been eliminated.

Financial Statement Reclassifications and Recasting

Note 1

Summary of Significant Accounting Policies, Continued

Certain reclassifications have been made to conform prior years' data to the current year presentation.

Use of Estimates

Significant areas requiring management estimates or judgments include the following key financial areas:

Inventory Valuation

The Company values its inventories at the lower of cost or market.

Note 1

Summary of Significant Accounting Policies, Continued

Impairment of Long-Lived Assets

Note 1

Summary of Significant Accounting Policies, Continued

Environmental and Other Contingencies

Revenue Recognition

Income Taxes

Note 1

Summary of Significant Accounting Policies, Continued

Postretirement Benefits Plan Accounting

Note 1

Summary of Significant Accounting Policies, Continued

Share-Based Compensation

months and six months ended July 30, 2011, the Company issued 14,643 shares of director restricted stock at a weighted average price of $43.01 which vest on the first anniversary of the grant date.

Cash and Cash Equivalents

Note 1

Summary of Significant Accounting Policies, Continued

Concentration of Credit Risk and Allowances on Accounts Receivable

Property and Equipment



Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Leases

Note 1

Summary of Significant Accounting Policies, Continued

of rent expense over the initial lease term.

Goodwill and Other Intangibles

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at July 28, 2012 and January 28, 2012 are:



Fair Values
In thousands	July 28, 2012				January 28, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	71,800	$	72,074	$	5,000	$	5,021
UK Term Loans	28,697		28,726		35,704		35,387

Cost of Sales

For the Company’s wholesale operations, the cost of sales includes the actual product cost and the cost of transportation to the Company’s warehouses from suppliers.

Selling and Administrative Expenses

Gift Cards

Note 1

Summary of Significant Accounting Policies, Continued

rate is based upon historical redemption patterns and income is recognized for unredeemed gift cards in proportion to those historical redemption patterns.

Buying, Merchandising and Occupancy Costs

Shipping and Handling Costs

Preopening Costs

Costs associated with the opening of new stores are expensed as incurred, and are included in selling and administrative expenses on the accompanying Condensed Consolidated Statements of Operations.

Store Closings and Exit Costs

Note 1

Summary of Significant Accounting Policies, Continued

impairment policy, but with consideration given to revised estimates of future cash flows. In any event, the remaining depreciable useful lives are evaluated and adjusted as necessary.

Advertising Costs

Consideration to Resellers

Cooperative Advertising

Vendor Allowances

Environmental Costs

Earnings Per Common Share

Other Comprehensive Income

Business Segments

Derivative Instruments and Hedging Activities

New Accounting Principles

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jul. 28, 2012

Accounting Policies [Abstract]

Property and equipment amortized over the estimated useful life of related assets



Buildings and building equipment	20-45 years
Computer hardware, software and equipment	3-10 years
Furniture and fixtures	10 years

Carrying amounts and fair values of the Company's financial instruments



Fair Values
In thousands	July 28, 2012				January 28, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	71,800	$	72,074	$	5,000	$	5,021
UK Term Loans	28,697		28,726		35,704		35,387

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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Acquisitions and Intangible Assets [Abstract]

Acquisitions and Intangible Assets (Tables)

3 Months Ended

Jul. 28, 2012

Estimated fair values of assets and liabilities at acquisition



At June 23, 2011
Cash	$	24,836
Accounts Receivable	4,673
Inventories	32,179
Other current assets	7,565
Property and equipment	30,314
Other non-current assets	6,977
Deferred taxes	4,197
Trademarks	27,224
Other intangibles	4,995
Goodwill	102,907
Accounts payable	(16,196		)
Other current liabilities	(24,718		)
Long-term debt (includes current portion)	(62,562		)
Other non-current liabilities	(26,637		)
Net Assets Acquired	$	115,754

Summary of results of earnings from operations



	Six Months Ended - Pro forma
In thousands, except per share data	July 30, 2011
Net sales	$	1,044,373
Earnings from continuing operations	16,284
Earnings per share:
Basic	$	0.70
Diluted	$	0.69

Other intangible assets by major classes



	Leases						Customer Lists						Other*						Total
(In Thousands)	Jul. 28, 2012			Jan. 28, 2012			Jul. 28, 2012			Jan. 28, 2012			Jul. 28, 2012			Jan. 28, 2012			Jul. 28, 2012			Jan. 28, 2012
Gross other intangibles	$	12,366		$	12,390		$	14,105		$	14,062		$	2,112		$	2,001		$	28,583		$	28,453
Accumulated amortization	(10,131		)	(9,477		)	(4,285		)	(3,292		)	(990		)	(876		)	(15,406		)	(13,645		)
Net Other Intangibles	$	2,235		$	2,913		$	9,820		$	10,770		$	1,122		$	1,125		$	13,177		$	14,808

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

Restructuring and Other Charges and Discontinued Operations [Abstract]

Asset Impairments and Other Charges and Discontinued Operations (Tables)

3 Months Ended

Jul. 28, 2012

Accrued Provision for Discontinued Operations



Accrued Provision for Discontinued Operations
In thousands	Facility Shutdown Costs
Balance January 29, 2011	$	15,035
Additional provision Fiscal 2012	1,692
Charges and adjustments, net	(4,210		)
Balance January 28, 2012	12,517
Additional provision Fiscal 2013	360
Charges and adjustments, net	(1,099		)
Balance July 28, 2012*	11,778
Current provision for discontinued operations	7,511
Total Noncurrent Provision for Discontinued Operations	$	4,267

Inventories (Tables)

3 Months Ended

Jul. 28, 2012

Inventory Disclosure [Abstract]

Inventories



In thousands	July 28, 2012		January 28, 2012
Raw materials	$	28,735	$	30,636
Wholesale finished goods	48,562		53,453
Retail merchandise	478,329		351,024
Total Inventories	$	555,626	$	435,113

Fair Value (Tables)	6 Months Ended
Fair Value (Tables)	Jul. 28, 2012
Fair Value Disclosures [Abstract]
Company's assets and liabilities measured at fair value on a nonrecurring basis	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.7070707070707%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td width="32%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:right;">Long-Lived Assets</font></div><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:right;">Held and Used</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:right;">Total</font></div><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:right;">Losses</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Measured as of April 28, 2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Measured as of July 28, 2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">391</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

This element represents the disclosure related to assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 33
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 6
-Footnote 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a),(b)
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
-Subparagraph (a),(b)
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

Compensation and Retirement Disclosure [Abstract]

Defined Benefit Pension Plans and Other Benefit Plans (Tables)

3 Months Ended

Jul. 28, 2012

Components of net periodic benefit cost



Components of Net Periodic Benefit Cost
	Pension Benefits						Other Benefits
	Six Months Ended						Six Months Ended
In thousands	July 28, 2012			July 30, 2011			July 28, 2012		July 30, 2011
Service cost	$	176		$	126		$	178	$	84
Interest cost	2,483			2,798			78		86
Expected return on plan assets	(3,504		)	(3,904		)	—		—
Amortization:
Prior service cost	2			2			—		—
Losses	3,076			2,403			42		40
Net amortization	3,078			2,405			42		40
Net Periodic Benefit Cost	$	2,233		$	1,425		$	298	$	210



Components of Net Periodic Benefit Cost


	Pension Benefits						Other Benefits
	Three Months Ended						Three Months Ended
In thousands	July 28, 2012			July 30, 2011			July 28, 2012		July 30, 2011
Service cost	$	88		$	63		$	89	$	42
Interest cost	1,239			1,400			39		43
Expected return on plan assets	(1,750		)	(1,952		)	—		—
Amortization:
Prior service cost	1			1			—		—
Losses	1,478			1,162			21		20
Net amortization	1,479			1,163			21		20
Net Periodic Benefit Cost	$	1,056		$	674		$	149	$	105

Earnings Per Share (Tables)

3 Months Ended

Jul. 28, 2012

Earnings Per Share [Abstract]

Summary of Basic and Diluted Earnings per share



	For the Six Months Ended						For the Six Months Ended
	July 28, 2012						July 30, 2011
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	31,352					$	15,325

Less: Preferred stock dividends	(81		)				(98		)

Basic EPS from continuing operations
Income available to
common shareholders	31,271			23,687	$	1.32	15,227			23,033	$	0.66

Effect of Dilutive Securities from continuing operations
Options				415						506
Convertible preferred stock(1)	21			18			—			—
Employees' preferred stock(2)				48						49

Diluted EPS
Income available to common
shareholders plus assumed
conversions	$	31,292		24,168	$	1.29	$	15,227		23,588	$	0.65

(1)


(2)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted for the six months ended July 28, 2012 and July 30, 2011.



	For the Three Months Ended						For the Three Months Ended
	July 28, 2012						July 30, 2011
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	10,561					$	350

Less: Preferred stock dividends	(35		)				(49		)

Basic EPS from continuing operations
Income available to
common shareholders	10,526			23,778	$	0.44	301			23,126	$	.01

Effect of Dilutive Securities from continuing operations
Options				297						460
Convertible preferred stock⁽¹⁾	—			—			—			—
Employees' preferred stock⁽²⁾				48						49

Diluted EPS
Income available to common
shareholders plus assumed
conversions	$	10,526		24,123	$	0.44	$	301		23,635	$	.01

Business Segment Information (Tables)

3 Months Ended

Jul. 28, 2012

Segment Reporting [Abstract]

Segment reporting information by segment



Three Months Ended
July 28, 2012	Journeys Group		Schuh Group			Lids Sports Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
In thousands	Journeys Group		Schuh Group			Lids Sports Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
Sales	$	209,439	$	81,156		$	182,598		$	48,286		$	22,307		$	513		$	544,299
Intercompany Sales	—		—			(719		)	(7		)	(51		)	—			(777		)
Net sales to external customers	$	209,439	$	81,156		$	181,879		$	48,279		$	22,256		$	513		$	543,522
Segment operating income (loss)	$	2,065	$	(545	)	$	20,571		$	1,814		$	1,427		$	(7,973	)	$	17,359
Asset Impairments and other*	—		—			—			—			—			(404		)	(404		)
Earnings (loss) from operations	2,065		(545		)	20,571			1,814			1,427			(8,377		)	16,955
Interest expense	—		—			—			—			—			(1,217		)	(1,217		)
Interest income	—		—			—			—			—			10			10
Earnings (loss) from continuing operations before income taxes	$	2,065	$	(545	)	$	20,571		$	1,814		$	1,427		$	(9,584	)	$	15,748
Total assets**	$	336,788	$	221,257		$	527,555		$	84,353		$	32,906		$	178,099		$	1,380,958
Depreciation and amortization	4,987		2,531			6,198			918			82			575			15,291
Capital expenditures	4,656		5,322			5,271			1,704			527			935			18,415

*Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.3 million is in the Lids Sports Group and $0.1 million is in the Journeys Group.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $168.5 million, $100.0 million and $0.8 million of goodwill, respectively.



Three Months Ended
July 30, 2011	Journeys Group			Schuh Group			Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In thousands	Journeys Group			Schuh Group			Lids Sports Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	194,693		33,973			$	177,556		$	45,571	$	18,627		$	313		$	470,733
Intercompany Sales	—			—			(33		)	—		(109		)	—			(142		)
Net sales to external customers	$	194,693		$	33,973		$	177,523		$	45,571	$	18,518		$	313		$	470,591
Segment operating income (loss)	$	(3,875	)	$	(77	)	$	18,106		$	2,155	$	994		$	(15,305	)	$	1,998
Asset Impairments and other*	—			—			—			—		—			(347		)	(347		)
Earnings (loss) from operations	(3,875		)	(77		)	18,106			2,155		994			(15,652		)	1,651
Interest expense	—			—			—			—		—			(1,097		)	(1,097		)
Interest income	—			—			—			—		—			16			16
Earnings (loss) from continuing operations before income taxes	$	(3,875	)	$	(77	)	$	18,106		$	2,155	$	994		$	(16,733	)	$	570
Total assets**	$	307,796		214,650			$	478,455		$	77,038	$	31,963		$	168,674		$	1,278,576
Depreciation and amortization	5,157			936			5,409			877		67			556			13,002
Capital expenditures	3,202			982			7,115			758		271			1,288			13,616

*Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.2 million is in the Journeys Group and $0.2 million is in the Lids Sports Group.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $155.4 million, $104.2 million and $0.8 million of goodwill.

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Summary of Significant Accounting Policies (Textual) [Abstract]

Summary of Significant Accounting Policies (Details)	3 Months Ended
Summary of Significant Accounting Policies (Details)	Jul. 28, 2012 yr
Buildings and building equipment [Member]
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life, minimum	20
Property and equipment, useful life, maximum	45
Computer hardware, software and equipment [Member]
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life, minimum	3
Property and equipment, useful life, maximum	10
Furniture and fixtures [Member]
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life, average	10

Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	Jul. 28, 2012	Jan. 28, 2012
Revolver Borrowings [Member]
Carrying amounts and fair values of the Company's financial instruments
Carrying Amount	$ 71,800	$ 5,000
Fair Value	72,074	5,021
UK Term Loans [Member]
Carrying amounts and fair values of the Company's financial instruments
Carrying Amount	28,697	35,704
Fair Value	$ 28,726	$ 35,387

Summary of Significant Accounting Policies (Details Textual)
$ / shares in Units, $ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jul. 28, 2012

USD ($)

customer

$ / shares

Jul. 30, 2011

USD ($)

$ / shares

Jul. 28, 2012

USD ($)

customer

$ / shares

Jul. 30, 2011

USD ($)

$ / shares

Jan. 28, 2012

USD ($)

Apr. 30, 2011

USD ($)

Total number of retail stores operated by company

2,404

$ 543,522

$ 470,591

$ 1,143,666

$ 952,093

16,955

1,651

52,962

27,176

1,380,958

^[1],[2]

1,278,576

^[1]

1,380,958

^[1],[2]

1,278,576

^[1]

$ 1,237,265

$ 1,278,576

^[1]

15,291

13,002

30,544

25,204

Pretax accruals for environmental contingencies included in provision for discontinued operations

18,415

13,616

32,533

23,213

100

$ 1,200

400

$ 1,600

Deferred tax valuation allowance

$ 3,500

Effective tax rate, deferred purchase price

32.90%

38.60%

38.10%

40.10%

Decrease in gross tax liability for uncertain tax positions

$ 8,000

Minimum number of hours of service of full time employees | h

1,000

Restricted stock expense

$ 2,500

$ 1,600

$ 4,700

$ 3,200

Cash equivalents

100

$ 100

200

100

Excess of outstanding checks drawn on zero-balance accounts at domestic banks exceeded book cash balances

$ 48,600

33,300

39,000

Number of customer accounted for more than 6% of Company's total trade receivables balance

Tenant Allowances

$ 18,400

17,600

17,400

Deferred Rent Credit, Noncurrent

35,800

35,200

34,000

Wholesale and unallocated retail costs of distribution

269,310

260,363

269,310

260,363

259,759

1,800

1,900

3,800

4,300

Gift card breakage recognized as revenue

100

200

Accrued liability for gift cards

9,400

10,400

7,300

Advertising costs

10,400

8,400

21,100

18,100

Prepaid Advertising

1,700

1,100

1,400

Cooperative advertising costs

700

800

1,700

Vendor reimbursements of cooperative advertising costs

700

900

1,600

1,800

Accumulated other comprehensive income pension liability adjustments

29,600

Accumulated other comprehensive income post retirement liability adjustment

300

Accumulated other comprehensive income, foreign currency translation adjustment

2,900

Unrealized gain on foreign currency forward accumulated other comprehensive loss, before taxes

100

Lids Sports Group [Member]

Summary of Significant Accounting Policies (Textual) [Abstract]

Summary of Significant Accounting Policies (Textual) [Abstract]

168,500

155,400

168,500

155,400

159,100

Schuh Group [Member]

Summary of Significant Accounting Policies (Textual) [Abstract]

100,000

104,200

100,000

104,200

99,900

Licensed Brands [Member]

Restatement Adjustment [Member] | Journeys Group [Member]

$ 800

800

$ 800

800

$ 800

Summary of Significant Accounting Policies (Textual) [Abstract]

17,400

43,200

(2,900)

(1,800)

28,300

400

900

Restricted Stock [Member]

$ 100

Summary of Significant Accounting Policies (Textual) [Abstract]

Granted, Shares | shares

194,232

289,407

194,232

289,407

Grant date fair value (USD per share) | $ / shares

$ 57.58

$ 45.14

$ 57.58

$ 45.14

Vesting term

4 years

Restricted Stock [Member] | Director [Member]

Summary of Significant Accounting Policies (Textual) [Abstract]

Granted, Shares | shares

9,888

14,643

10,224

14,643

Grant date fair value (USD per share) | $ / shares

$ 64.70

$ 43.01

$ 65.06

$ 43.01

Customer Concentration Risk [Member] | Trade Accounts Receivable [Member]

Summary of Significant Accounting Policies (Textual) [Abstract]

Number of significant customers (in customers) | customer

Concentration risk percentage

8.00%

Maximum [Member] | Customer Concentration Risk [Member] | Trade Accounts Receivable [Member]

Summary of Significant Accounting Policies (Textual) [Abstract]

Concentration risk benchmark percentage

6.00%

Schuh Group [Member]

Summary of Significant Accounting Policies (Textual) [Abstract]

Change in total assets resulting from aquisition related recast

$ 5,900

$ 81,156

33,973

$ 151,468

$ 33,973

(545)

(77)

(3,496)

(77)

^[2]

221,257

214,650

221,257

214,650

2,531

936

4,773

936

5,322

982

7,895

982

Business Segment Six [Member]

100,000

104,200

100,000

104,200

Summary of Significant Accounting Policies (Textual) [Abstract]

Change in total assets resulting from aquisition related recast

11,800

513

313

690

621

(8,377)

(15,652)

(21,243)

(27,788)

^[1]

178,099

^[2]

168,674

178,099

^[2]

168,674

$ 168,674

575

556

1,138

1,065

$ 935

$ 1,288

$ 1,894

$ 1,787

[1]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $155.4 million, $104.2 million and $0.8 million of goodwill.
[2]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $168.5 million, $100.0 million and $0.8 million of goodwill, respectively.

Acquisitions and Intangible Assets (Details) $ in Thousands	Jun. 23, 2011 USD ($)
Estimated fair values of assets and liabilities at acquisition
Cash	$ 24,836
Accounts Receivable	4,673
Inventories	32,179
Other current assets	7,565
Property and equipment	30,314
Other non-current assets	6,977
Deferred taxes	4,197
Trademarks	27,224
Other intangibles	4,995
Goodwill	102,907
Accounts payable	(16,196)
Other current liabilities	(24,718)
Long-term debt (includes current portion)	(62,562)
Other non-current liabilities	(26,637)
Net Assets Acquired	$ 115,754

Acquisitions and Intangible Assets (Details 1) $ / shares in Units, $ in Thousands	3 Months Ended
	Jul. 28, 2012 USD ($) $ / shares
Summary of results of earnings from operations
Net sales \| $	$ 1,044,373
Earnings from continuing operations \| $	$ 16,284
Earnings per share:
Basic \| $ / shares	$ 0.70
Diluted \| $ / shares	$ 0.69

The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

Acquisitions and Intangible Assets (Details 2) - USD ($)
$ in Thousands

Jul. 28, 2012

Jan. 28, 2012

Jul. 30, 2011

Apr. 30, 2011

$ 28,583

$ 28,453

(15,406)

(13,645)

$ (11,857)

13,177

14,808

$ 16,342

Leases [Member]

12,366

12,390

(10,131)

(9,477)

2,235

2,913

Customer Lists [Member]

14,105

14,062

(4,285)

(3,292)

Other Intangible Assets [Member]

9,820

10,770

^[1]

2,112

2,001

^[1]

(990)

(876)

^[1]

$ 1,122

$ 1,125

[1]	Includes non-compete agreements, vendor contract and backlog.

Acquisitions and Intangible Assets (Details Textual) $ in Thousands, £ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2012 USD ($)	Jul. 30, 2011 USD ($)	Jul. 28, 2012 USD ($)	Jul. 30, 2011 USD ($)	Jun. 23, 2011 GBP (£)	Jun. 23, 2011 USD ($)
Acquisitions and Intangible Assets (Textual) [Abstract]
Net cash acquired						$ 24,836
Deferred purchase price related to acquisition \| £					£ 25.0
Deferred purchase price third installment \| £					15.0
Deferred purchase price fourth installment \| £					10.0
Compensation expense, related to deferred purchase price allocation	$ 2,900		$ 5,900
Operating income	16,955	$ 1,651	52,962	$ 27,176
Other intangibles						$ 4,995
Pro forma adjustments, reflect additional interest expense for debt borrowings	89,000		89,000
Amortization of intangibles assets	900	$ 800	$ 1,700	$ 1,500
Future amortization expense, 2013	4,600
Future amortization expense, 2014	4,200
Future amortization expense, 2015	3,100
Future amortization expense, 2016	2,100
Future amortization expense, 2017	$ 1,600
Schuh [Member]
Acquisitions and Intangible Assets (Textual) [Abstract]
Outstanding credit facilities \| £					29.5
Acquisition purchase price \| £					100.0
Working capital adjustments \| £					1.9
Net cash acquired \| £					6.2
Contingent amount related to acquisition \| £					£ 5.0
Number of retail stores	69		69
Number of concessions	14		14
Net sales, related to Schuh's operations	$ 81,200		$ 151,500
Operating income	(500)		(3,500)
Vendor Contract [Member]
Acquisitions and Intangible Assets (Textual) [Abstract]
Other intangibles	800		800
Leases [Member]
Acquisitions and Intangible Assets (Textual) [Abstract]
Other intangibles	$ 2,500		2,500
Weighted average amortization period	2.7
Customer Lists [Member]
Acquisitions and Intangible Assets (Textual) [Abstract]
Other intangibles	$ 1,700		$ 1,700
Weighted average amortization period	4.6

Asset Impairments and Other Charges and Discontinued Operations (Details ) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 28, 2012	Jul. 30, 2011	Jul. 28, 2012	Jul. 30, 2011	Jan. 28, 2012	Apr. 30, 2011
Accrued Provision for Discontinued Operations
Additional provision	$ 67	$ 1,224	$ 360	$ 1,524
Current provision for discontinued operations	7,511		7,511		$ 8,250	$ 9,308
Total Noncurrent Provision for Discontinued Operations	4,267		4,267		4,267	$ 4,363
Facility Shutdown Costs [Member]
Accrued Provision for Discontinued Operations
Balance at beginning of period			12,517	$ 15,035	15,035
Additional provision	360				1,692
Charges and adjustments, net	(1,099)				(4,210)
Balance at end of period	11,778		11,778		$ 12,517
Current provision for discontinued operations	7,511		7,511
Total Noncurrent Provision for Discontinued Operations	$ 4,267		$ 4,267

Pretax provision recognizing a loss for initial, or subsequent, write-down to fair value (less cost to sell) of a disposal group that is classified as a component of the entity, which remains unsold as of the reporting date. May include the recognition of a pretax (gain) for a subsequent increase in fair value (less cost to sell), but not in excess of the cumulative loss previously recognized through write-downs.

Restructuring and Other Charges and Discontinued Operations (Textual) [Abstract]

Asset Impairments and Other Charges and Discontinued Operations (Details Textual) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 28, 2012

Jul. 30, 2011

^[2]

Jul. 28, 2012

Jul. 30, 2011

Current environmental provision for discontinued operations

$ 404

^[1]

$ 347

$ 539

^[2]

$ 1,591

^[2]

Environmental provision

12,300

$ 8,000

Retail Store Asset Impairments [Member]

Restructuring and Other Charges and Discontinued Operations (Textual) [Abstract]

Computer Network Intrusion [Member]

400

1,100

Restructuring and Other Charges and Discontinued Operations (Textual) [Abstract]

Other Legal Matters [Member]

$ 100

400

Restructuring and Other Charges and Discontinued Operations (Textual) [Abstract]

$ 100

[1]	Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.3 million is in the Lids Sports Group and $0.1 million is in the Journeys Group.
[2]	Asset Impairments and other includes a $0.4 million charge for asset impairments, of which $0.2 million is in the Journeys Group and $0.2 million is in the Lids Sports Group.

Inventories (Details) - USD ($) $ in Thousands	Jul. 28, 2012	Jan. 28, 2012	Jul. 30, 2011
Inventories
Raw materials	$ 28,735	$ 30,636
Wholesale finished goods	48,562	53,453
Retail merchandise	478,329	351,024
Total Inventories	$ 555,626	$ 435,113	$ 474,951

Fair Value (Details) - USD ($) $ in Thousands	Jul. 28, 2012	Apr. 28, 2012
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	$ 54	$ 47
Total Losses	391	46
Level 1 [Member]
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	0	0
Level 2 [Member]
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	0	0
Level 3 [Member]
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	$ 54	$ 47

Fair Value (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Fair Value (Details Textual) - USD ($) $ in Thousands	Jul. 28, 2012	Jul. 30, 2011	Jul. 28, 2012	Jul. 30, 2011
Fair Value (Textual) [Abstract]
Impairment of long-lived assets	$ 391	$ 313	$ 437	$ 1,060

The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 26
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 7, 25
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2420-110228

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 225
-Section 45
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6743430&loc=d3e92212-112881

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Impairment
-URI http://asc.fasb.org/extlink&oid=6515133

Summary of basic and diluted earnings per share

Defined Benefit Pension Plans and Other Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 28, 2012	Jul. 30, 2011	Jul. 28, 2012	Jul. 30, 2011
Pension Benefits [Member]
Net Periodic Benefit Cost
Service Cost	$ 88	$ 63	$ 176	$ 126
Interest Cost	1,239	1,400	2,483	2,798
Expected Return on Plan Assets	(1,750)	(1,952)	(3,504)	(3,904)
Defined Benefit Plan Amortization [Abstract]
Prior Service Cost	1	1	2	2
Losses	1,478	1,162	3,076	2,403
Net Amortization	1,479	1,163	3,078	2,405
Net Periodic Benefit Cost	1,056	674	2,233	1,425
Other Benefits [Member]
Net Periodic Benefit Cost
Service Cost	89	42	178	84
Interest Cost	39	43	78	86
Expected Return on Plan Assets	0	0	0	0
Defined Benefit Plan Amortization [Abstract]
Prior Service Cost	0	0	0	0
Losses	21	20	42	40
Net Amortization	21	20	42	40
Net Periodic Benefit Cost	$ 149	$ 105	$ 298	$ 210

Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jul. 28, 2012

Jul. 30, 2011

Jul. 28, 2012

Jul. 30, 2011

Earnings from continuing operations, Income (Numerator)

$ 10,561

$ 350

$ 31,352

$ 15,325

Less: Preferred stock dividends, Income (Numerator)

(35)

(49)

(81)

(98)

Basic EPS

Income available to common shareholders, Income (Numerator)

$ 10,526

$ 301

$ 31,271

$ 15,227

Income available to common shareholders, Shares (Denominator)

23,778

23,126

23,687

23,033

Income available to common shareholders, Per-Share Amount

$ 0.44

$ 0.01

$ 1.32

$ 0.66

Effect of Dilutive Securities

Options and restricted stock, Shares (Denominator)

297

460

415

506

Convertible preferred stock, Income (Numerator)

$ 0

^[1]

$ 0

^[1]

$ 21

^[2]

$ 0

^[2]

Convertible preferred stock, Shares (Denominator)

^[1]

^[2]

Employees' preferred stock, Shares (Denominator)

^[3]

^[4]

Diluted EPS

Income available to common shareholders plus assumed conversions, Income (Numerator)

$ 10,526

$ 301

$ 31,292

$ 15,227

Income available to common shareholders plus assumed conversions, Shares (Denominator)

24,123

23,635

24,168

23,588

Income available to common shareholders plus assumed conversions, Per-Share Amount

$ 0.44

$ 0.01

$ 1.29

$ 0.65

[1]	The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was higher than basic earnings per share for all periods presented. Therefore, conversion of the convertible preferred stock was not reflected in diluted earnings per share because it would have been antidilutive. The shares convertible to common stock for Series 1, 3 and 4 preferred stock would have been 13,502, 18,198 and 4,920, respectively, as of July 28, 2012.
[2]	The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was less than basic earnings per share for Series 3 preferred stock for the six months ended July 28, 2012. Therefore, conversion of Series 3 preferred shares was included in diluted earnings per share for the six months ended July 28, 2012. The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was higher than basic earnings per share for Series 1 and 4 preferred stock for the six months ended July 28, 2012 and for all preferred stocks for the six months ended July 30, 2011. Therefore, conversion of the Series 1 and 4 convertible preferred stocks for the six months ended July 28, 2012 and all preferred stocks for the six months ended July 30, 2011 were not reflected in diluted earnings per share because it would have been antidilutive. The shares convertible to common stock for Series 1, 3 and 4 preferred stock would have been 13,502, 18,198 and 4,920, respectively, as of July 28, 2012.
[3]	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted for the second quarter ended July 28, 2012 and July 30, 2011.
[4]	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted for the six months ended July 28, 2012 and July 30, 2011.

Earnings Per Share (Details Textual) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 28, 2012

Jul. 30, 2011

^[1]

Jul. 28, 2012

Jul. 30, 2011

^[2]

Value of shares repurchased

^[1]

18,000

^[2]

Shares repurchased

346,398,000

$ 20,800

$ 20,826

Other Accrued Liabilities [Member]

Value of shares repurchased

$ 600

Convertible Preferred Stock Series 1 [Member]

Convertible Preferred Stock Series 3 [Member]

13,502

Convertible Preferred Stock Series 4 [Member]

18,198

4,920

[1]

[2]

Legal Proceedings (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
Legal Proceedings (Details) - USD ($)	Dec. 29, 2005	Jul. 28, 2012	Jul. 30, 2011	Jul. 28, 2012	Jul. 30, 2011	Feb. 02, 2008	Jan. 28, 2012	Apr. 30, 2011	Dec. 10, 2010	Dec. 14, 2007
Legal Proceedings (Textual) [Abstract]
Minimum estimated undiscounted costs of preparing RIFS for remedial alternatives		$ 0
Maximum estimated undiscounted costs of preparing RIFS for remedial alternatives		24,000,000
Present worth for remedy of a combination of groundwater extraction and treatment and in-site chemical oxidation		10,700,000		$ 10,700,000
Minimum historical cost associated with enhanced treatment required by the impact of groundwater plume		1,800,000
Maximum historical cost associated with enhanced treatment required by the impact of groundwater plume		2,500,000
Future operation and maintenance costs		126,400
Minimum amount of complaint under number of state law theories										$ 41,000,000
Period of complaint under number of state law theories						70
Company's maximum share in cost sharing agreements and consent decrees	$ 250,000
Amount related to outstanding environmental contingencies		12,300,000		12,300,000			$ 13,000,000	$ 14,200,000
Pretax accruals for environmental contingencies included in provision for discontinued operations		$ 100,000	$ 1,200,000	$ 400,000	$ 1,600,000
Approximate claims asserted against the company's acquiring bank									$ 15,400,000

Business Segment Information (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 28, 2012

Jul. 30, 2011

Jul. 28, 2012

Jul. 30, 2011

Jan. 28, 2012

Apr. 30, 2011

$ 544,299

$ 470,733

$ 1,144,759

$ 952,327

(777)

(142)

(1,093)

(234)

543,522

470,591

1,143,666

952,093

17,359

1,998

53,501

28,767

(404)

^[1]

(347)

^[2]

(539)

^[2]

(1,591)

^[2]

16,955

1,651

52,962

27,176

(1,217)

(1,097)

(2,349)

(1,613)

Earnings (loss) from continuing operations before income taxes

15,748

570

50,638

25,581

1,380,958

^[3],[4]

1,278,576

^[3]

1,380,958

^[3],[4]

1,278,576

^[3]

$ 1,237,265

$ 1,278,576

^[3]

15,291

13,002

30,544

25,204

18,415

13,616

32,533

23,213

Journeys Group [Member]

209,439

194,693

473,279

429,210

209,439

194,693

473,279

429,210

2,065

(3,875)

27,347

13,583

^[1]

^[2]

2,065

(3,875)

27,347

13,583

Earnings (loss) from continuing operations before income taxes

2,065

(3,875)

27,347

13,583

^[3]

336,788

^[4]

307,796

336,788

^[4]

307,796

4,987

5,157

9,957

10,439

4,656

3,202

8,815

5,275

Schuh Group [Member]

81,156

33,973

151,468

33,973

81,156

33,973

151,468

33,973

(545)

(77)

(3,496)

(77)

^[1]

(545)

(77)

(3,496)

(77)

Earnings (loss) from continuing operations before income taxes

(545)

(77)

(3,496)

(77)

^[4]

221,257

214,650

221,257

214,650

2,531

936

4,773

936

Lids Sports Group [Member]

5,322

982

7,895

982

182,598

177,556

365,973

347,258

(719)

(33)

(958)

(59)

181,879

177,523

365,015

347,199

20,571

18,106

39,739

32,110

^[1]

^[2]

20,571

18,106

39,739

32,110

Earnings (loss) from continuing operations before income taxes

20,571

18,106

39,739

32,110

^[3]

527,555

^[4]

478,455

527,555

^[4]

478,455

6,198

5,409

12,707

10,857

Johnston & Murphy Group [Member]

5,271

7,115

9,772

13,529

48,286

45,571

99,699

93,622

(7)

48,279

45,571

99,692

93,622

1,814

2,155

5,823

5,050

^[1]

^[2]

1,814

2,155

5,823

5,050

Earnings (loss) from continuing operations before income taxes

1,814

2,155

5,823

5,050

^[3]

84,353

^[4]

77,038

84,353

^[4]

77,038

918

877

1,811

1,774

1,704

758

3,575

1,165

Licensed Brands [Member]

22,307

18,627

53,650

47,643

(51)

(109)

(128)

(175)

22,256

18,518

53,522

47,468

1,427

994

4,792

4,298

^[1]

^[2]

1,427

994

4,792

4,298

Earnings (loss) from continuing operations before income taxes

1,427

994

4,792

4,298

^[3]

32,906

^[4]

31,963

32,906

^[4]

31,963

158

133

Business Segment Six [Member]

527

271

582

475

513

313

690

621

513

313

690

621

(7,973)

(15,305)

(20,704)

(26,197)

(404)

^[1]

(347)

^[2]

(539)

^[2]

(1,591)

^[2]

(8,377)

(15,652)

(21,243)

(27,788)

(1,217)

(1,097)

(2,349)

(1,613)

Earnings (loss) from continuing operations before income taxes

(9,584)

(16,733)

(23,567)

(29,383)

^[3]

178,099

^[4]

168,674

178,099

^[4]

168,674

$ 168,674

575

556

1,138

1,065