View Filing Data

Trademarks, net of accumulated amortization of $4,867 at November 1, 2014, $4,312 at February 1, 2014 and $4,155 at November 2, 2013

304,552

288,100

283,049

84,947

77,571

76,905

Other intangibles, net of accumulated amortization of $22,802 at November 1, 2014, $20,645 at February 1, 2014 and $19,782 at November 2, 2013

12,590

9,082

9,502

Other noncurrent assets

17,105

24,277

21,821

Total Assets

1,669,245

^[1],[2]

1,439,284

1,545,803

^[3],[4]

Current Liabilities:

Accounts payable

248,782

145,483

265,067

Accrued employee compensation

83,042

49,078

49,837

Accrued other taxes

21,501

26,247

19,710

Accrued income taxes

6,121

2,188

4,099

Current portion – long-term debt

35,347

6,793

5,596

Other accrued liabilities

82,170

68,526

58,455

Provision for discontinued operations

7,759

7,263

7,223

Total current liabilities

484,722

305,578

409,987

Long-term debt

79,688

26,937

92,361

Pension liability

8,597

9,223

19,296

Deferred rent and other long-term liabilities

120,790

175,311

158,403

Provision for discontinued operations

4,790

4,112

4,158

Total liabilities

698,587

521,161

684,205

Commitments and contingent liabilities

Equity

Non-redeemable preferred stock

1,286

1,305

Common equity:

Common stock, $1 par value: Authorized: 80,000,000 shares Issued/Outstanding: November 1, 2014 – 24,566,507/24,078,043, February 1, 2014 – 24,407,724/23,919,260, November 2, 2013 – 24,321,850/23,833,386

24,566

24,408

24,322

Additional paid-in capital

205,485

190,568

184,608

Retained earnings

773,804

734,533

692,380

Accumulated other comprehensive loss

(18,820)

(16,767)

(25,251)

Treasury shares, at cost (488,464 shares)

(17,857)

Total Genesco equity

968,464

916,190

859,507

Noncontrolling interest – non-redeemable

2,194

1,933

2,091

Total equity

970,658

918,123

861,598

Total Liabilities and Equity

$ 1,669,245

$ 1,439,284

$ 1,545,803

[1]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $201.9 million, $101.9 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill decreased by $3.0 million from February 1, 2014 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $19.5 million added since February 1, 2014 from several small acquisitions.
[2]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $201.9 million, $101.9 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill decreased by $3.0 million from February 1, 2014 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $19.5 million added since February 1, 2014 from several small acquisitions.
[3]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $180.4 million, $101.8 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill increased by $1.1 million from February 2, 2013 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $8.1 million added since February 2, 2013 from small acquisitions.
[4]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $180.4 million, $101.8 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill increased by $1.1 million from February 2, 2013 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $8.1 million added since February 2, 2013 from small acquisitions.

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Statement of Financial Position [Abstract]
Allowances on accounts receivable	$ 4,462	$ 4,420	$ 5,144
Accumulated amortization on trademarks	4,867	4,312	4,155
Accumulated amortization on other intangibles	$ 22,802	$ 20,645	$ 19,782
Common stock, par value (usd per share)	$ 1	$ 1	$ 1
Common stock, shares authorized	80,000,000	80,000,000	80,000,000
Common stock, shares issued	24,566,507	24,407,724	24,321,850
Common Stock, shares outstanding	24,078,043	23,919,260	23,833,386
Shares in treasury	488,464	488,464	488,464

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

3 Months Ended

9 Months Ended

Nov. 01, 2014

Nov. 02, 2013

Nov. 01, 2014

Nov. 02, 2013

Income Statement [Abstract]

Net sales

$ 722,915

$ 666,332

$ 1,967,214

$ 1,832,466

Cost of sales

364,426

334,171

991,036

919,060

Selling and administrative expenses

310,893

283,702

894,469

829,506

1,036

^[1]

1,480

^[2]

1,347

^[3]

(4,331)

^[4]

46,560

46,979

80,362

88,231

7,050

Interest expense, net:

914

1,199

2,447

3,418

Total interest expense, net

(23)

(9)

(73)

(49)

891

1,190

2,374

3,369

Earnings from continuing operations before income taxes

38,619

45,789

70,938

84,862

Earnings from continuing operations

9,869

17,993

23,322

34,092

28,750

27,796

47,616

50,770

Provision for discontinued operations, net

(88)

(46)

(287)

(270)

Net Earnings

$ 28,662

$ 27,750

$ 47,329

$ 50,500

Basic earnings per common share:

Continuing operations

$ 1.22

$ 1.19

$ 2.03

$ 2.18

Discontinued operations

(0.01)

0.00

(0.02)

(0.01)

Net earnings

1.21

1.19

2.01

2.17

Diluted earnings per common share:

Continuing operations

1.21

1.18

2.01

2.15

Discontinued operations

0.00

(0.01)

Net earnings

$ 1.21

$ 1.18

$ 2.00

$ 2.14

[1]	Asset Impairments and other includes a $0.4 million charge for asset impairments, which relates to Lids Sports Group, and a $0.6 million charge for network intrusion expenses.
[2]	Asset Impairments and other includes a $0.4 million charge for assets impairments, of which $0.1 million relates to Lids Sports Group and $0.3 million relates to Journeys Group, a $0.9 million charge for network intrusion expenses and a $0.3 million for other legal matters.
[3]	Asset Impairments and other includes a $2.4 million charge for network intrusion expense, a $1.6 million charge for asset impairments, which relates to Lids Sports Group and a $0.7 million charge for other legal matters, partially offset by a $(3.4) million gain on a lease termination of a Lids store.
[4]	Asset Impairments and other includes a $1.8 million charge for asset impairments, of which $1.2 million relates to Lids Sports Group and $0.6 million relates to Journeys Group, a $1.4 million charge for network intrusion expenses, a $0.8 million charge for other legal matters and a gain of $(8.3) million for the lease termination of a New York City Journeys store.

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Statement of Comprehensive Income [Abstract]
Net earnings	$ 28,662	$ 27,750	$ 47,329	$ 50,500
Other comprehensive income (loss):
Pension liability adjustments, net of tax of $0.4 million and $1.1 million for the three and nine months ended November 1, 2014 and $0.6 million and $1.8 million for three and nine months ended November 2, 2013	521	915	1,628	2,815
Postretirement liability adjustments, net of tax of $0.0 million for the three and nine months ended November 1, 2014 and November 2, 2013	15	12	48	44
Foreign currency translation adjustments	(6,856)	5,626	(3,729)	131
Total other comprehensive income (loss)	(6,320)	6,553	(2,053)	2,990
Comprehensive income	$ 22,342	$ 34,303	$ 45,276	$ 53,490

Summary of Significant Accounting Policies

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Statement of Comprehensive Income [Abstract]
Pension liability adjustment, tax amount	$ 0.4	$ 0.6	$ 1.1	$ 1.8
Postretirement liability adjustment, tax amount	$ 0.0	$ 0.0	$ 0.0	$ 0.0

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 28,662	$ 27,750	$ 47,329	$ 50,500
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	19,006	16,634	54,755	49,517
Amortization of deferred note expense and debt discount	173	198	518	594
Deferred income taxes	(8,022)	7,320	(6,413)	4,594
Provision for recoveries on accounts receivable	317	61	79	(575)
Tax indemnification asset write-off	7,050	0	7,050	0
Impairment of long-lived assets	397	350	1,639	1,767
Restricted stock expense	3,435	3,223	9,943	9,075
Provision for discontinued operations	144	77	472	446
Tax benefit of stock options and restricted stock	(21)	7	(3,119)	(3,073)
Other	329	458	791	973
Effect on cash from changes in working capital and other assets and liabilities, net of acquisitions:
Accounts receivable	(15,550)	(13,877)	(16,682)	(15,410)
Inventories	(66,219)	(63,441)	(163,339)	(186,837)
Prepaids and other current assets	12,480	2,434	(5,780)	(13,377)
Accounts payable	7,539	16,707	93,868	139,428
Other accrued liabilities	22,215	2,584	41,382	(16,075)
Other assets and liabilities	(10,902)	8,069	(53,596)	3,497
Net cash provided by operating activities	1,033	8,554	8,897	25,044
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(32,580)	(38,470)	(85,317)	(75,676)
Acquisitions, net of cash acquired	(31,684)	(1,000)	(34,917)	(12,006)
Proceeds from asset sales	79	0	235	60
Net cash used in investing activities	(64,185)	(39,470)	(119,999)	(87,622)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of long-term debt	(3,057)	(1,412)	(10,755)	(4,655)
Proceeds from issuance of long-term debt	2,433	0	26,253	0
Borrowings under revolving credit facility	129,750	123,700	212,950	324,400
Payments on revolving credit facility	(88,750)	(98,500)	(150,750)	(273,100)
Tax benefit of stock options and restricted stock	21	(7)	3,119	3,073
Share repurchases	(946)	(9,458)	(946)	(20,676)
Change in overdraft balances	2,383	2,705	7,969	7,192
Redemption of preferred shares	0	0	0	(1,462)
Dividends paid on non-redeemable preferred stock	0	0	0	(33)
Exercise of stock options	322	196	2,009	1,116
Other	0	(1)	(42)	1
Net cash provided by financing activities	42,156	17,223	89,807	35,856
Effect of foreign exchange rate fluctuations on cash	(281)	(84)	(126)	(823)
Net Decrease in Cash and Cash Equivalents	(21,277)	(13,777)	(21,421)	(27,545)
Cash and cash equivalents at beginning of period	59,303	46,027	59,447	59,795
Cash and cash equivalents at end of period	38,026	32,250	38,026	32,250
Net cash paid for:
Interest	658	1,032	1,952	2,794
Income taxes	$ (1,202)	$ 2,807	$ 23,775	$ 32,011

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Total Non-Redeemable Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Shares	Non Controlling Interest Non-Redeemable
Beginning balance at Feb. 02, 2013	$ 823,787	$ 3,924	$ 24,485	$ 170,360	$ 669,189	$ (28,241)	$ (17,857)	$ 1,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	50,500
Other comprehensive income	2,990
Shares repurchased	(20,700)
Ending balance at Nov. 02, 2013	861,598
Beginning balance at Feb. 02, 2013	823,787	3,924	24,485	170,360	669,189	(28,241)	(17,857)	1,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	92,653	0	0	0	92,653	0	0	0
Other comprehensive income	11,474	0	0	0	0	11,474	0	0
Dividends paid on non-redeemable preferred stock	(33)	0	0	0	(33)	0	0	0
Exercise of stock options	3,034	0	130	2,904	0	0	0	0
Issue shares – Employee Stock Purchase Plan	196	0	3	193	0	0	0	0
Employee and non-employee restricted stock	12,295	0	0	12,295	0	0	0	0
Restricted stock issuance	0	0	214	(214)	0	0	0	0
Restricted shares withheld for taxes	(6,938)	0	(105)	105	(6,938)	0	0	0
Tax benefit of stock options and restricted stock exercised	3,784	0	0	3,784	0	0	0	0
Shares repurchased	(20,676)	0	(338)	0	(20,338)	0	0	0
Redemption of preferred shares	(1,462)	(1,462)	0	0	0	0	0	0
Other	3	(1,157)	19	1,141	0	0	0	0
Noncontrolling interest – gain	6	0	0	0	0	0	0	6
Ending balance at Feb. 01, 2014	918,123	1,305	24,408	190,568	734,533	(16,767)	(17,857)	1,933
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	47,329	0	0	0	47,329	0	0	0
Other comprehensive income	(2,053)	0	0	0	0	(2,053)	0	0
Exercise of stock options	1,818	0	69	1,749	0	0	0	0
Issue shares – Employee Stock Purchase Plan	191	0	3	188	0	0	0	0
Employee and non-employee restricted stock	9,943	0	0	9,943	0	0	0	0
Restricted stock issuance	0	0	202	(202)	0	0	0	0
Restricted shares withheld for taxes	(7,125)	0	(88)	88	(7,125)	0	0	0
Tax benefit of stock options and restricted stock exercised	3,119	0	0	3,119	0	0	0	0
Shares repurchased	(946)	0	(13)	0	(933)	0	0	0
Other	(2)	(19)	(15)	32	0	0	0	0
Noncontrolling interest – gain	261	0	0	0	0	0	0	261
Ending balance at Nov. 01, 2014	$ 970,658	$ 1,286	$ 24,566	$ 205,485	$ 773,804	$ (18,820)	$ (17,857)	$ 2,194

Summary of Significant Accounting Policies

9 Months Ended

Nov. 01, 2014

Accounting Policies [Abstract]

Interim Statements

The Condensed Consolidated Financial Statements and Notes 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 January 31, 2015 ("Fiscal 2015") and of the fiscal year ended February 1, 2014 ("Fiscal 2014"). 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 Genesco Inc.'s (the "Company") 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, schuh.co.uk, johnstonmurphy.com and trask.com and catalogs, and at wholesale, primarily under the Company's Johnston & Murphy brand, the recently relaunched Trask brand, the licensed Dockers brand and other brands that the Company licenses for footwear, and the Company's SureGrip^® line of slip-resistant, occupational 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 and Lids Clubhouse businesses, 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 under various trade names; licensed team merchandise departments in Macy's department stores operated under the name of Locker Room by Lidsand on macys.com, under a license agreement with Macy's; certain e-commerce operations including lids.com, lids.ca, lidslockerroom.com and lidsclubhouse.com; and an athletic team dealer business operating as Lids Team Sports. Including both the footwear businesses and the Lids Sports Group business, at November 1, 2014, the Company operated 2,837 retail stores and leased departments in the U.S., Puerto Rico, Canada, the United Kingdom and the Republic of Ireland.

During the nine months ended November 1, 2014 and November 2, 2013, 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, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Lids Sports Group, comprised as described in the preceding paragraph; (iv) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce and catalog operations and wholesale distribution of products under the Johnston & Murphy and Trask brands; and (v) Licensed Brands, comprised of Dockers^® Footwear, sourced and marketed under a license from Levi Strauss & Company; SureGrip^®Footwear, occupational footwear primarily sold directly to consumers; and other brands.

Note 1

Summary of Significant Accounting Policies, Continued

Principles of Consolidation

All subsidiaries are consolidated in the Condensed Consolidated Financial Statements. All significant intercompany transactions and accounts have been eliminated.

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 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.

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

Note 1

Summary of Significant Accounting Policies, Continued

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 performing a qualitative assessment, on a reporting unit level, based on current circumstances. If the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, a two-step impairment test will not be performed. However, if the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step impairment test is performed. Alternatively, the Company may elect to bypass the qualitative assessment and proceed directly to the two-step impairment test, on a reporting unit level basis. The first step is a comparison of the fair value and carrying value of the business unit with which the goodwill is associated. The Company estimates fair value using the best information available, and computes the fair value derived by an income approach utilizing discounted cash flow projections. The income approach uses a projection of a reporting 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 latest annual test, which was completed in the prior year fourth quarter, 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.

Note 1

Summary of Significant Accounting Policies, Continued

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

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 $0.0 million for the third quarter of Fiscal 2015 and 2014, respectively, and approximately $0.5 million and $0.4 million for the first nine months of Fiscal 2015 and 2014, 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 9.

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 and value added 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. Historically, actual amounts of markdowns have not differed materially from estimates. Actual returns and claims in any future period may differ from historical experience.

Note 1

Summary of Significant Accounting Policies, Continued

Income Taxes

As part of the process of preparing the 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 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 November 1, 2014, the Company had a deferred tax valuation allowance of $3.7 million.

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 recorded an effective income tax rate of 25.6% in the third quarter of Fiscal 2015 compared to 39.3% for the same period last year and 32.9% and 40.2% for the first nine months of Fiscal 2015 and 2014, respectively. The tax rate for Fiscal 2015 was lower compared to Fiscal 2014 primarily due to a $7.0 million reversal of charges previously recorded related to formerly uncertain tax positions that were taken by Schuh at the time of the purchase by the Company, which were favorably resolved during the third quarter of Fiscal 2015. Related to the same uncertain tax position, the Company wrote off a $7.1 million indemnification asset during the third quarter of Fiscal 2015.

Note 1

Summary of Significant Accounting Policies, Continued

Postretirement Benefits Plan Accounting

Full-time employees who had at least 1000 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.

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 its 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.

Cash and Cash Equivalents

The Company had total available cash and cash equivalents of $38.0 million, $59.4 million and $32.3 million as of November 1, 2014, February 1, 2014 and November 2, 2013, respectively. There were no cash equivalents included in cash and cash equivalents at November 1, 2014, February 1, 2014 and November 2, 2013. Cash equivalents are highly-liquid financial instruments having an original maturity of three months or less.

At November 1, 2014, substantially all of the Company’s domestic cash was invested in deposit accounts at FDIC-insured banks. 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 in the Condensed Consolidated Balance Sheets.

At November 1, 2014, February 1, 2014 and November 2, 2013, outstanding checks drawn on zero-balance accounts at certain domestic banks exceeded book cash balances at those banks by approximately $50.1 million, $42.1 million and $43.3 million, respectively. These amounts are included in accounts payable in the Condensed Consolidated Balance Sheets.

Note 1

Summary of Significant Accounting Policies, Continued

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 7% of the Company’s total trade receivables balance, while no other customer accounted for more than 5% of the Company’s total trade receivables balance as of November 1, 2014.

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.

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 $25.4 million, $24.2 million and $23.8 million at November 1, 2014, February 1, 2014 and November 2, 2013, respectively, and deferred rent of $44.2 million, $41.6 million and $40.5 million at November 1, 2014, February 1, 2014 and November 2, 2013, respectively, are included in deferred rent and other long-term liabilities on the Condensed Consolidated Balance Sheets.

Note 1

Summary of Significant Accounting Policies, Continued

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 $201.9 million for the Lids Sports Group, $101.9 million for the Schuh Group and $0.8 million for Licensed Brands at November 1, 2014, $182.4 million for the Lids Sports Group, $104.9 million for the Schuh Group and $0.8 million for Licensed Brands at February 1, 2014 and $180.4 million for the Lids Sports Group, $101.8 million for the Schuh Group and $0.8 million for Licensed Brands at November 2, 2013. The Company tests for impairment of intangible assets with an indefinite life, 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.

In connection with acquisitions, the Company records goodwill on its Condensed Consolidated Financial Statements. This asset is not amortized but is subject to an impairment assessment at least annually. If the impairment assessment indicates that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a two-step impairment is performed based on projected future cash flows from the acquired business discounted at a rate commensurate with the risk the Company considers to be inherent in its current business model. The Company performs the impairment assessment annually as of the close of its fiscal year, or more frequently if events or circumstances indicate that the value of the asset might be impaired.

As a result of the various acquisitions comprising the Lids Team Sports team dealer business, the Company carries goodwill related to such acquisitions at a value of $14.2 million on its Condensed Consolidated Balance Sheets related to such acquisitions at the time of its annual impairment test in January 2014. The Company found that the result of its annual impairment test in January 2014, which valued the business at approximately $3.9 million in excess of its carrying value, indicated no impairment at that time. The Company may determine in future impairment tests that some or all of the carrying value of the goodwill may not be recoverable. Such a finding would require a write-off of the amount of the carrying value that is impaired, which would reduce the Company's profitability in the period of the impairment charge. Holding all other assumptions constant as of the measurement date, the Company noted that an increase in the weighted average cost of capital of 100 basis points would reduce the fair value of the Lids Team Sports business by $5.9 million.

Note 1

Summary of Significant Accounting Policies, Continued

Furthermore, the Company noted that a decrease in projected annual revenue growth by one percent would reduce the fair value of the Lids Team Sports business by $0.4 million. However, if other assumptions do not remain constant, the fair value of the Lids Team Sports business may decrease by a greater amount.

Identifiable intangible assets of the Company with finite lives are trademarks, customer lists, in-place leases, non-compete agreements and a vendor contract. 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.

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at November 1, 2014 and February 1, 2014 are:



Fair Values
In thousands	November 1, 2014				February 1, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	62,200	$	62,176	$	—	$	—
UK Term Loans	52,835		52,442		33,730		33,840

Debt fair values were estimated 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)

Note 1

Summary of Significant Accounting Policies, Continued

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 on the

Condensed Consolidated Statements of Operations in the amounts of $2.6 million and $2.3 million for the third quarters of Fiscal 2015 and 2014, respectively, and $7.2 million and $6.5 million for the first nine months of Fiscal 2015 and 2014, respectively.

EVA Incentive Plan

Under the Company's EVA Incentive Plan, bonus awards in excess of a specified cap in any one year are retained and paid over three subsequent years, subject to reduction or elimination by deteriorating financial performance and historically were subject to forfeiture if the participant voluntarily resigns from employment with the Company. As a result, the bonus awards were subject to service conditions that resulted in recognition of expense over the period of service by the respective employee. During the first quarter of Fiscal 2015, the Company amended the plan to remove the future service requirement for the payment of the retained bonuses. As a result, the bonus expense that would have been deferred under the previous plan terms is now recognized in the first year of service. The Company recorded a $5.7 million charge to earnings in the first quarter of Fiscal 2015 in connection with the amendment related to bonus amounts previously deferred to future years.

Gift Cards

The Company has a gift card program that began in calendar year 1999 for its Lids Sports operations and calendar year 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 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 for which financial statements are updated. Gift card breakage recognized as revenue was $0.1 million and $0.2 million for the third quarters of Fiscal 2015 and 2014, respectively, and $0.4 million and $0.3 million for the first nine months of Fiscal 2015 and 2014, respectively. The Condensed Consolidated Balance Sheets include an accrued liability for gift cards of $12.7 million, $14.4 million and $11.1 million at November 1, 2014, February 1, 2014 and November 2, 2013, respectively.

Buying, Merchandising and Occupancy Costs

The Company records buying, merchandising and occupancy costs in selling and administrative expense on the Condensed Consolidated Statements of Operations. 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. Retail store occupancy costs recorded in selling and administrative expense were $103.2 million and $96.1 million for the third quarters of Fiscal 2015 and 2014, respectively, and $306.9 million and $283.1 million for the first nine months of Fiscal 2015 and 2014, respectively.

Note 1

Summary of Significant Accounting Policies, Continued

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 on the Condensed Consolidated Statements of Operations.

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. Under the provisions of the new Property, Plant, and Equipment Topic of the Codification, which the Company adopted in the first quarter of Fiscal 2015, the definition of a discontinued operation was amended. A discontinued operation may include a component of an entity or a group of components of an entity that represent a strategic shift that has or will have a major effect on an entity's operation or financial results. If stores or operating activities to be closed or exited constitute

a component or group of components that represent a strategic shift in the Company's operations, these closures will be considered discontinued operations. The results of operations of discontinued operations are presented retroactively, net of tax, as a separate component on the Condensed Consolidated Statements of Operations. In each of the years presented, no store closings have met the discontinued operations criteria.

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 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.

Note 1

Summary of Significant Accounting Policies, Continued

Advertising Costs

Advertising costs are predominantly expensed as incurred. Advertising costs were $15.3 million and $14.1 million for the third quarters of Fiscal 2015 and 2014, respectively, and $44.9 million and $38.0 million for the first nine months of Fiscal 2015 and 2014, 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 $4.2 million, $2.3 million and $3.6 million at November 1, 2014, February 1, 2014 and November 2, 2013, respectively.

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 most of the Company’s wholesale footwear 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 on the Condensed Consolidated Statements of Operations were $1.0 million and $0.9 million for the third quarters of Fiscal 2015 and 2014, respectively, and $2.7 million for each of the first nine months of Fiscal 2015 and 2014. During the first nine months of Fiscal 2015 and 2014, 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 $1.5 million and $0.6 million for the third quarters of Fiscal 2015 and 2014, respectively, and $2.8 million and $1.8 million for the first nine months of Fiscal 2015 and 2014, respectively. During the first nine months of Fiscal 2015 and 2014, 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 8).

Note 1

Summary of Significant Accounting Policies, Continued

Share-Based Compensation

The Company has share-based compensation 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. The Company has not granted any stock options since the first quarter of Fiscal 2008. The fair value of employee restricted stock is determined based on the closing price of the Company's stock on the date of grant. The benefits of tax deductions in excess or recognized compensation expense are reported as a financing cash flow.

Other Comprehensive Income

The Comprehensive Income Topic of the Codification requires, among other things, the Company’s pension liability adjustment, postretirement liability adjustment and foreign currency translation adjustments to be included in other comprehensive income net of tax. Accumulated other comprehensive loss at November 1, 2014 consisted of $14.8 million of cumulative pension liability adjustments, net of tax, a cumulative post-retirement liability adjustment of $0.8 million, net of tax, and a cumulative foreign currency translation adjustment of $3.2 million.

The following table summarizes the components of accumulated other comprehensive income for the nine months ended November 1, 2014:



	Foreign Currency Translation			Unrecognized Pension/Postretirement Benefit Costs			Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance February 1, 2014	$	575		$	(17,342	)	$	(16,767	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	(3,729		)	—			(3,729		)
Amounts reclassified from AOCI:
Amortization of net actuarial loss (1)	—			2,764			2,764
Amortization reclassified from AOCI, before tax	—			2,764			2,764
Income tax expense (2)	—			1,088			1,088
Current period other comprehensive income, net of tax	(3,729		)	1,676			(2,053		)
Balance November 1, 2014	$	(3,154	)	$	(15,666	)	$	(18,820	)

(1) Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Condensed Consolidated Statements of Operations.

(2) Relates to amounts reclassified from AOCI.

Note 1

Summary of Significant Accounting Policies, Continued

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 10).

New Accounting Principles

In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity". This update amends the definition of a discontinued operation and also provides new disclosure requirements for disposals meeting the definition, and for those that do not meet the definition, of a discontinued operation. Under the new guidance, a discontinued operation may include a component of an entity or a group of components of an entity, or a business

or nonprofit activity that has been disposed of or is classified as held for sale, and represents a strategic shift that has or will have a major effect on an entity's operation and financial results. This update is effective for annual and interim periods beginning on or after December 15, 2014, with early adoption permitted. The Company adopted ASU No. 2014-08 in the first quarter of Fiscal 2015 and the adoption did not have any impact on the Company's results of operations or financial position.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)". This update provides a five-step analysis of transactions to determine when and how revenue is recognized. An entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update is effective for annual reporting periods, and interim periods within those years, beginning after December 15, 2016. This update may be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying this update recognized at the date of initial application. The Company is currently evaluating the new guidance.

Intangible Assets

9 Months Ended

Nov. 01, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Other intangibles by major classes were as follows:



	Leases						Customer Lists						Other*						Total
(In Thousands)	Nov. 1, 2014			Feb. 1, 2014			Nov. 1, 2014			Feb. 1, 2014			Nov. 1, 2014			Feb. 1, 2014			Nov. 1, 2014			Feb. 1, 2014
Gross other intangibles	$	13,810		$	13,104		$	18,342		$	14,381		$	3,240		$	2,242		$	35,392		$	29,727
Accumulated amortization	(12,345		)	(11,997		)	(8,919		)	(7,354		)	(1,538		)	(1,294		)	(22,802		)	(20,645		)
Net Other Intangibles	$	1,465		$	1,107		$	9,423		$	7,027		$	1,702		$	948		$	12,590		$	9,082

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

The amortization of intangibles, including trademarks, was $0.9 million and $0.8 million for the third quarters of Fiscal 2015 and 2014, respectively, and was $2.4 million for each of the first nine months of Fiscal 2015 and 2014. The amortization of intangibles, including trademarks, is expected to be $3.4 million, $2.9 million, $2.4 million, $1.8 million and $1.5 million for Fiscal 2015, 2016, 2017, 2018 and 2019, respectively.

Asset Impairments and Other Charges and Discontinued Operations

9 Months Ended

Nov. 01, 2014

Asset Impairments and Other Charges and Discontinued Operations [Abstract]

Asset Impairments and Other Charges and Discontinued Operations

Asset Impairments and Other Charges

In accordance with Company policy, assets (other than goodwill and intangibles) 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 in the accompanying Condensed Consolidated Balance Sheets, and in asset impairments and other, net in the accompanying Condensed Consolidated Statements of Operations.

The Company recorded pretax charges of $1.0 million in the third quarter of Fiscal 2015, including a $0.6 million charge for network intrusion expenses and a $0.4 million charge for retail store asset impairments. The Company recorded pretax charges of $1.3 million in the first nine months of Fiscal 2015, including charges of $2.4 million for network intrusion expenses, $1.6 million for retail store asset impairments and $0.7 million for other legal matters, partially offset by a $(3.4) million gain on a lease termination of a Lids store.

The Company recorded pretax charges of $1.5 million in the third quarter of Fiscal 2014, including a $0.9 million charge for network intrusion expenses, a $0.4 million charge for retail store asset impairments and a $0.3 million charge for other legal matters. The Company recorded a pretax gain of $(4.3) million in the first nine months of Fiscal 2014, including an $(8.3) million gain on a lease termination, partially offset by charges of $1.8 million for retail store asset impairments, $1.4 million for network intrusion expenses and $0.8 million for other legal matters.

Discontinued Operations



Accrued Provision for Discontinued Operations
In thousands	Facility Shutdown Costs
Balance February 2, 2013	$	11,351
Additional provision Fiscal 2014	543
Charges and adjustments, net	(519		)
Balance February 1, 2014	11,375
Additional provision Fiscal 2015	533
Charges and adjustments, net	641
Balance November 1, 2014*	12,549
Current provision for discontinued operations	7,759
Total Noncurrent Provision for Discontinued Operations	$	4,790

*Includes an $11.9 million environmental provision, including $7.7 million in current provision for discontinued operations.

Inventories

9 Months Ended

Nov. 01, 2014

Inventory Disclosure [Abstract]

Inventories



In thousands	November 1, 2014		February 1, 2014
Raw materials	$	33,215	$	26,115
Wholesale finished goods	53,482		64,357
Retail merchandise	650,880		476,789
Total Inventories	$	737,577	$	567,261

Fair Value

9 Months Ended

Nov. 01, 2014

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 U.S. 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 (i.e., 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 November 1, 2014 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 May 3, 2014	$	890	$	—	$	—	$	890	$	824
Measured as of August 2, 2014	258		—		—		258		418
Measured as of November 1, 2014	22		—		—		22		$	397
Sub-total asset impairment YTD									$	1,639

In accordance with the Property, Plant and Equipment Topic of the Codification, the Company recorded $0.4 million and $1.6 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 nine months ended November 1, 2014, respectively. 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.

Compensation and Retirement Disclosure [Abstract]

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.

+ References + Details

Long-Term Debt Long-Term Debt

9 Months Ended

Nov. 01, 2014

Debt Disclosure [Abstract]

Long-term Debt

Long-Term Debt



In thousands	November 1, 2014		February 1, 2014
Revolver borrowings	$	62,200	$	—
UK term loans	52,835		33,730
Total long-term debt	115,035		33,730
Current portion	35,347		6,793
Total Noncurrent Portion of Long-Term Debt	$	79,688	$	26,937

Long-term debt maturing during each of the next five years ending in January each year is $1.9 million, $33.9 million, $2.0 million, $2.0 million and $64.2 million, respectively, and $11.0 million thereafter.

The Company had $62.2 million in revolver borrowings outstanding under the Credit Facility at November 1, 2014 and had $52.8 million in term loans outstanding under the U.K. Credit Facilities (described below) at November 1, 2014. The Company had outstanding letters of credit of $15.5 million under the Credit Facility at November 1, 2014. These letters of credit support product purchases and lease and insurance indemnifications.

U.K. Credit Facility

In connection with the Schuh acquisition, Schuh entered into an amended and restated Senior Term Facilities Agreement and Working Capital Facility Letter (collectively, the “UK Credit Facilities”)

which originally provided for term loans of up to £29.5 million (a £15.5 million A term loan and £14.0 million B term loan), with an additional £12.5 million C term loan added in November 2013.

In June 2014, Schuh Group Limited entered into an Amended and Restated Facilities Agreement to provide for an additional term loan of £12.5 million ("D term loan"). The D term loan bears interest at LIBOR plus 0.95% per annum and expires June 18, 2015.

Defined Benefit Pension Plans and Other Benefit Plans

9 Months Ended

Nov. 01, 2014

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	November 1, 2014			November 2, 2013			November 1, 2014		November 2, 2013
Service cost	$	112		$	88		$	130	$	95
Interest cost	1,163			1,145			55		33
Expected return on plan assets	(1,517		)	(1,663		)	—		—
Amortization:
Losses	860			1,512			25		21
Net amortization	860			1,512			25		21
Net Periodic Benefit Cost	$	618		$	1,082		$	210	$	149



Components of Net Periodic Benefit Cost


	Pension Benefits						Other Benefits
	Nine Months Ended						Nine Months Ended
In thousands	November 1, 2014			November 2, 2013			November 1, 2014		November 2, 2013
Service cost	$	337		$	264		$	396	$	321
Interest cost	3,501			3,438			171		119
Expected return on plan assets	(4,552		)	(4,991		)	—		—
Amortization:
Losses	2,686			4,648			78		73
Net amortization	2,686			4,648			78		73
Net Periodic Benefit Cost	$	1,972		$	3,359		$	645	$	513

There is no cash contribution required for the pension plan in 2014.

Earnings Per Share

9 Months Ended

Nov. 01, 2014

Earnings Per Share [Abstract]

Earnings Per Share



	For the Three Months Ended					For the Three Months Ended
	November 1, 2014					November 2, 2013
(In thousands, except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	28,750				$	27,796

Less: Preferred stock dividends	—					—

Basic EPS from continuing operations
Income available to
common shareholders	28,750		23,602	$	1.22	27,796		23,329	$	1.19

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards			113					229
Employees' preferred stock⁽¹⁾			45					46

Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	28,750	23,760	$	1.21	$	27,796	23,604	$	1.18


(1)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the third quarters ended November 1, 2014 and November 2, 2013.

Note 8

Earnings Per Share, Continued



	For the Nine Months Ended					For the Nine Months Ended
	November 1, 2014					November 2, 2013
(In thousands, except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	47,616				$	50,770

Less: Preferred stock dividends	—					(33		)

Basic EPS from continuing operations
Income available to
common shareholders	47,616		23,489	$	2.03	50,737			23,299	$	2.18

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards			156						274
Employees' preferred stock⁽¹⁾			46						46

Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	47,616	23,691	$	2.01	$	50,737		23,619	$	2.15


(1)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the nine months ended November 1, 2014 and November 2, 2013.

The Company repurchased 13,159 shares of common stock during the three and nine months ended November 1, 2014 for $0.9 million. The Company repurchased 148,365 and 337,665 shares of common stock during the three and nine months ended November 2, 2013 for $9.5 million and $20.7 million, respectively. The Company has $64.6 million remaining under its current $75.0 million share repurchase authorization.

Legal Proceedings	9 Months Ended
Legal Proceedings	Nov. 01, 2014
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 $0.0 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 (the "Village"), 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 if an acceptable settlement agreement cannot be reached. Note 9 Legal Proceedings, Continued 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 $11.9 million as of November 1, 2014, February 1, 2014 and November 2, 2013. 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 they relate to former facilities operated by the Company. The Company has made pretax accruals for certain of these contingencies, including approximately $0.1 million and $0.0 million reflected in the third quarters of Fiscal 2015 and 2014, respectively, and approximately $0.5 million and $0.4 million in the first nine months of Fiscal 2015 and 2014, respectively. These charges are included in provision for discontinued operations, net in the Condensed Consolidated Statements of Operations and represent changes in estimates. 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., MasterCard Worldwide and American Express Travel Related Services Company, Inc. asserted claims totaling approximately $15.6 million in connection with the intrusion and the claims of two of the claimants have been collected by withholding payment card receivables of the Company. In the fourth quarter of Fiscal 2013, the Company recorded a $15.4 million charge to earnings in connection with the disputed liability. On March 7, 2013, the Company filed an action in the U.S. District Court for the Middle District of Tennessee against Visa U.S.A. Inc., Visa Inc. and Visa International Service Association seeking to recover $13.3 million in non-compliance fines and issuer reimbursement assessments collected from the Company in connection with the intrusion. The Company does not currently expect any future claims in connection with the intrusion to have a material effect on its financial condition, cash flows, or results of operations. 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 alleged 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 sought to recover unpaid wages, liquidated damages, statutory penalties, Note 9 Legal Proceedings, Continued 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 January 15, 2014, the court dismissed the Maro case with prejudice, based on the plaintiffs' failure to prosecute. 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 were consolidated. The parties reached agreement on a settlement, which the court granted final approval on September 5, 2014. On August 30, 2012, a former employee of a Company subsidiary filed a putative class and collective action, Kershner v. Hat World, Inc., in the Philadelphia, Pennsylvania Court of Common Pleas alleging violations of the Pennsylvania Minimum Wage Act by the subsidiary. The Company reached an agreement to resolve the matter. On May 29, 2014, the court granted final approval of the settlement. On May 17, 2013, a former employee filed a putative class and representative action, Garcia v. Genesco, Inc., in the Superior Court of California for the County of Ventura, alleging various claims under the California Labor Code, including failure to provide meal and rest periods, failure to timely pay wages, failure to provide accurate itemized wage statements, and unfair competition and violation of the Private Attorneys’ General Act of 2004, and seeking unspecified damages and penalties. On August 30, 2013, the Company removed the action to the United States District Court for the Central District of California. The Company has reached an agreement to settle the matter. The court preliminarily approved the proposed settlement on December 9, 2014. The Company does not expect the matter or its settlement as proposed to have a material effect on its financial condition or results of operations. 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, cash flows, 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.

Business Segment Information

9 Months Ended

Nov. 01, 2014

Segment Reporting [Abstract]

Business Segment Information

During the nine months ended November 1, 2014 and November 2, 2013, 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, 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), licensed team merchandise departments in Macy's department stores operated under the name of Locker Room by Lids under a license agreement with Macy's, 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 of products under the Johnston & Murphy and Trask brands; and (v) Licensed Brands, comprised of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company; SureGrip Footwear, occupational footwear primarily sold directly to consumers; and other brands.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 1).

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.

Corporate assets include cash, domestic 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 and major lease terminations.

Note 10

Business Segment Information, Continued



Three Months Ended
November 1, 2014	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	$	303,781	$	101,959	$	220,223		$	65,965	$	31,183		$	191		$	723,302
Intercompany Sales	—		—		(185		)	—		(202		)	—			(387		)
Net sales to external customers	$	303,781	$	101,959	$	220,038		$	65,965	$	30,981		$	191		$	722,915
Segment operating income (loss)	$	35,047	$	3,949	$	8,606		$	4,505	$	3,082		$	(7,593	)	$	47,596
Asset Impairments and other*	—		—		—			—		—			(1,036		)	(1,036		)
Earnings (loss) from operations	35,047		3,949		8,606			4,505		3,082			(8,629		)	46,560
Indemnification asset write-off	—		—		—			—		—			(7,050		)	(7,050		)
Interest expense	—		—		—			—		—			(914		)	(914		)
Interest income	—		—		—			—		—			23			23
Earnings (loss) from continuing operations before income taxes	$	35,047	$	3,949	$	8,606		$	4,505	$	3,082		$	(16,570	)	$	38,619
Total assets**	$	345,011	$	283,052	$	746,747		$	113,178	$	46,127		$	135,130		$	1,669,245
Depreciation and amortization	5,311		3,551		7,704			1,284		215			941			19,006
Capital expenditures	7,076		6,475		15,458			2,173		146			1,252			32,580

*Asset Impairments and other includes a $0.4 million charge for asset impairments, which relates to Lids Sports Group, and a $0.6 million charge for network intrusion expenses.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $201.9 million, $101.9 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill decreased by $3.0 million from February 1, 2014 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $19.5 million added since February 1, 2014 from several small acquisitions.

Note 10

Business Segment Information, Continued



Three Months Ended
November 2, 2013	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	$	281,093	92,556		$	199,300		$	61,689	$	31,701		$	210		$	666,549
Intercompany Sales	—		—		(146		)	—		(71		)	—			(217		)
Net sales to external customers	$	281,093	$	92,556	$	199,154		$	61,689	$	31,630		$	210		$	666,332
Segment operating income (loss)	$	32,268	$	1,945	$	11,996		$	4,833	$	4,112		$	(6,695	)	$	48,459
Asset Impairments and other*	—		—		—			—		—			(1,480		)	(1,480		)
Earnings (loss) from operations	32,268		1,945		11,996			4,833		4,112			(8,175		)	46,979
Interest expense	—		—		—			—		—			(1,199		)	(1,199		)
Interest income	—		—		—			—		—			9			9
Earnings (loss) from continuing operations before income taxes	$	32,268	$	1,945	$	11,996		$	4,833	$	4,112		$	(9,365	)	$	45,789
Total assets**	$	362,289	275,823		$	617,564		$	106,795	$	48,044		$	135,288		$	1,545,803
Depreciation and amortization	4,874		2,783		7,016			1,007		104			850			16,634
Capital expenditures	5,853		19,031		9,470			2,583		597			936			38,470

*Asset Impairments and other includes a $0.4 million charge for assets impairments, of which $0.1 million relates to Lids Sports Group and $0.3 million relates to Journeys Group, a $0.9 million charge for network intrusion expenses and a $0.3 million for other legal matters.

**Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $180.4 million, $101.8 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill increased by $1.1 million from February 2, 2013 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $8.1 million added since February 2, 2013 from small acquisitions.

Note 10

Business Segment Information, Continued



Nine Months Ended
November 1, 2014	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	$	802,742	$	283,005		$	609,087		$	184,357	$	88,338		$	754		$	1,968,283
Intercompany Sales	—		—			(466		)	—		(603		)	—			(1,069		)
Net sales to external customers	$	802,742	$	283,005		$	608,621		$	184,357	$	87,735		$	754		$	1,967,214
Segment operating income (loss)	$	61,544	$	(1,389	)	$	25,217		$	8,577	$	8,476		$	(20,716	)	$	81,709
Asset Impairments and other*	—		—			—			—		—			(1,347		)	(1,347		)
Earnings (loss) from operations	61,544		(1,389		)	25,217			8,577		8,476			(22,063		)	80,362
Indemnification asset write-off	—		—			—			—		—			(7,050		)	(7,050		)
Interest expense	—		—			—			—		—			(2,447		)	(2,447		)
Interest income	—		—			—			—		—			73			73
Earnings (loss) from continuing operations before income taxes	$	61,544	$	(1,389	)	$	25,217		$	8,577	$	8,476		$	(31,487	)	$	70,938
Total assets**	$	345,011	$	283,052		$	746,747		$	113,178	$	46,127		$	135,130		$	1,669,245
Depreciation and amortization	15,160		10,756			21,834			3,572		518			2,915			54,755
Capital expenditures	21,682		18,688			33,897			7,045		636			3,369			85,317

*Asset Impairments and other includes a $2.4 million charge for network intrusion expense, a $1.6 million charge for asset impairments, which relates to Lids Sports Group and a $0.7 million charge for other legal matters, partially offset by a $(3.4) million gain on a lease termination of a Lids store.

Note 10

Business Segment Information, Continued



Nine Months Ended
November 2, 2013	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	$	760,707	242,988			$	570,187		$	173,372	$	85,038		$	1,030		$	1,833,322
Intercompany Sales	—		—			(672		)	—		(184		)	—			(856		)
Net sales to external customers	$	760,707	$	242,988		$	569,515		$	173,372	$	84,854		$	1,030		$	1,832,466
Segment operating income (loss)	$	56,198	$	(4,131	)	$	35,517		$	10,432	$	8,504		$	(22,620	)	$	83,900
Asset Impairments and other*	—		—			—			—		—			4,331			4,331
Earnings (loss) from operations	56,198		(4,131		)	35,517			10,432		8,504			(18,289		)	88,231
Interest expense	—		—			—			—		—			(3,418		)	(3,418		)
Interest income	—		—			—			—		—			49			49
Earnings (loss) from continuing operations before income taxes	$	56,198	$	(4,131	)	$	35,517		$	10,432	$	8,504		$	(21,658	)	$	84,862
Total assets**	$	362,289	275,823			$	617,564		$	106,795	$	48,044		$	135,288		$	1,545,803
Depreciation and amortization	14,515		8,167			20,794			2,960		356			2,725			49,517
Capital expenditures	16,572		25,154			23,514			6,906		1,283			2,247			75,676

*Asset Impairments and other includes a $1.8 million charge for asset impairments, of which $1.2 million relates to Lids Sports Group and $0.6 million relates to Journeys Group, a $1.4 million charge for network intrusion expenses, a $0.8 million charge for other legal matters and a gain of $(8.3) million for the lease termination of a New York City Journeys store.

Principles of Consolidation

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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+ Details

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Nov. 01, 2014

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.

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.

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.

Note 1

Summary of Significant Accounting Policies, Continued

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.

Impairment of Long-Lived Assets

Other significant estimates and assumptions include terminal value growth rates, future estimates of capital expenditures and changes in future working capital requirements.

Note 1

Summary of Significant Accounting Policies, Continued

Environmental and Other Contingencies

Revenue Recognition

Note 1

Summary of Significant Accounting Policies, Continued

Income Taxes

Note 1

Summary of Significant Accounting Policies, Continued

Postretirement Benefits Plan Accounting

Cash and Cash Equivalents

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

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

Goodwill and Other Intangibles

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 November 1, 2014 and February 1, 2014 are:



Fair Values
In thousands	November 1, 2014				February 1, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	62,200	$	62,176	$	—	$	—
UK Term Loans	52,835		52,442		33,730		33,840

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

Note 1

Summary of Significant Accounting Policies, Continued

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 on the

EVA Incentive Plan

Gift Cards

breakage 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 for which financial statements are updated.

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

Advertising Costs

Consideration to Resellers

Cooperative Advertising

Vendor Allowances

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.

Environmental Costs

Earnings Per Common Share

Share-Based Compensation

Other Comprehensive Income

Business Segments

New Accounting Principles

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Nov. 01, 2014

Accounting Policies [Abstract]

Property and equipment 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

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

The carrying amounts and fair values of the Company’s financial instruments at November 1, 2014 and February 1, 2014 are:



Fair Values
In thousands	November 1, 2014				February 1, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Revolver Borrowings	$	62,200	$	62,176	$	—	$	—
UK Term Loans	52,835		52,442		33,730		33,840

Components of accumulated other comprehensive income

The following table summarizes the components of accumulated other comprehensive income for the nine months ended November 1, 2014:



	Foreign Currency Translation			Unrecognized Pension/Postretirement Benefit Costs			Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
Balance February 1, 2014	$	575		$	(17,342	)	$	(16,767	)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	(3,729		)	—			(3,729		)
Amounts reclassified from AOCI:
Amortization of net actuarial loss (1)	—			2,764			2,764
Amortization reclassified from AOCI, before tax	—			2,764			2,764
Income tax expense (2)	—			1,088			1,088
Current period other comprehensive income, net of tax	(3,729		)	1,676			(2,053		)
Balance November 1, 2014	$	(3,154	)	$	(15,666	)	$	(18,820	)

(1) Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Condensed Consolidated Statements of Operations.

(2) Relates to amounts reclassified from AOCI.

Intangible Assets (Tables)

9 Months Ended

Nov. 01, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Other intangible assets by major classes

Other intangibles by major classes were as follows:



	Leases						Customer Lists						Other*						Total
(In Thousands)	Nov. 1, 2014			Feb. 1, 2014			Nov. 1, 2014			Feb. 1, 2014			Nov. 1, 2014			Feb. 1, 2014			Nov. 1, 2014			Feb. 1, 2014
Gross other intangibles	$	13,810		$	13,104		$	18,342		$	14,381		$	3,240		$	2,242		$	35,392		$	29,727
Accumulated amortization	(12,345		)	(11,997		)	(8,919		)	(7,354		)	(1,538		)	(1,294		)	(22,802		)	(20,645		)
Net Other Intangibles	$	1,465		$	1,107		$	9,423		$	7,027		$	1,702		$	948		$	12,590		$	9,082

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

Asset Impairments and Other Charges and Discontinued Operations (Tables)

9 Months Ended

Nov. 01, 2014

Asset Impairments and Other Charges and Discontinued Operations [Abstract]

Accrued provision for discontinued operations



Accrued Provision for Discontinued Operations
In thousands	Facility Shutdown Costs
Balance February 2, 2013	$	11,351
Additional provision Fiscal 2014	543
Charges and adjustments, net	(519		)
Balance February 1, 2014	11,375
Additional provision Fiscal 2015	533
Charges and adjustments, net	641
Balance November 1, 2014*	12,549
Current provision for discontinued operations	7,759
Total Noncurrent Provision for Discontinued Operations	$	4,790

*Includes an $11.9 million environmental provision, including $7.7 million in current provision for discontinued operations.

Inventories (Tables)

9 Months Ended

Nov. 01, 2014

Inventory Disclosure [Abstract]

Inventories



In thousands	November 1, 2014		February 1, 2014
Raw materials	$	33,215	$	26,115
Wholesale finished goods	53,482		64,357
Retail merchandise	650,880		476,789
Total Inventories	$	737,577	$	567,261

Fair Value (Tables)

9 Months Ended

Nov. 01, 2014

Fair Value Disclosures [Abstract]

Company's assets and liabilities measured at fair value on a nonrecurring basis



	Long-Lived Assets Held and Used		Level 1		Level 2		Level 3		Total Losses
Measured as of May 3, 2014	$	890	$	—	$	—	$	890	$	824
Measured as of August 2, 2014	258		—		—		258		418
Measured as of November 1, 2014	22		—		—		22		$	397
Sub-total asset impairment YTD									$	1,639

Long-Term Debt Long-Term Debt (Tables)

9 Months Ended

Nov. 01, 2014

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments



In thousands	November 1, 2014		February 1, 2014
Revolver borrowings	$	62,200	$	—
UK term loans	52,835		33,730
Total long-term debt	115,035		33,730
Current portion	35,347		6,793
Total Noncurrent Portion of Long-Term Debt	$	79,688	$	26,937

Compensation and Retirement Disclosure [Abstract]

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Defined Benefit Pension Plans and Other Benefit Plans (Tables)

9 Months Ended

Nov. 01, 2014

Components of net periodic benefit cost



Components of Net Periodic Benefit Cost


	Pension Benefits						Other Benefits
	Three Months Ended						Three Months Ended
In thousands	November 1, 2014			November 2, 2013			November 1, 2014		November 2, 2013
Service cost	$	112		$	88		$	130	$	95
Interest cost	1,163			1,145			55		33
Expected return on plan assets	(1,517		)	(1,663		)	—		—
Amortization:
Losses	860			1,512			25		21
Net amortization	860			1,512			25		21
Net Periodic Benefit Cost	$	618		$	1,082		$	210	$	149



Components of Net Periodic Benefit Cost


	Pension Benefits						Other Benefits
	Nine Months Ended						Nine Months Ended
In thousands	November 1, 2014			November 2, 2013			November 1, 2014		November 2, 2013
Service cost	$	337		$	264		$	396	$	321
Interest cost	3,501			3,438			171		119
Expected return on plan assets	(4,552		)	(4,991		)	—		—
Amortization:
Losses	2,686			4,648			78		73
Net amortization	2,686			4,648			78		73
Net Periodic Benefit Cost	$	1,972		$	3,359		$	645	$	513

Earnings Per Share (Tables)

9 Months Ended

Nov. 01, 2014

Earnings Per Share [Abstract]

Summary of basic and diluted earnings per share



	For the Three Months Ended					For the Three Months Ended
	November 1, 2014					November 2, 2013
(In thousands, except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	28,750				$	27,796

Less: Preferred stock dividends	—					—

Basic EPS from continuing operations
Income available to
common shareholders	28,750		23,602	$	1.22	27,796		23,329	$	1.19

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards			113					229
Employees' preferred stock⁽¹⁾			45					46

Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	28,750	23,760	$	1.21	$	27,796	23,604	$	1.18


(1)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the third quarters ended November 1, 2014 and November 2, 2013.

Note 8

Earnings Per Share, Continued



	For the Nine Months Ended					For the Nine Months Ended
	November 1, 2014					November 2, 2013
(In thousands, except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	47,616				$	50,770

Less: Preferred stock dividends	—					(33		)

Basic EPS from continuing operations
Income available to
common shareholders	47,616		23,489	$	2.03	50,737			23,299	$	2.18

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards			156						274
Employees' preferred stock⁽¹⁾			46						46

Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	47,616	23,691	$	2.01	$	50,737		23,619	$	2.15


(1)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the nine months ended November 1, 2014 and November 2, 2013.

Business Segment Information (Tables)

9 Months Ended

Nov. 01, 2014

Segment Reporting [Abstract]

Segment reporting information by segment



Three Months Ended
November 1, 2014	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	$	303,781	$	101,959	$	220,223		$	65,965	$	31,183		$	191		$	723,302
Intercompany Sales	—		—		(185		)	—		(202		)	—			(387		)
Net sales to external customers	$	303,781	$	101,959	$	220,038		$	65,965	$	30,981		$	191		$	722,915
Segment operating income (loss)	$	35,047	$	3,949	$	8,606		$	4,505	$	3,082		$	(7,593	)	$	47,596
Asset Impairments and other*	—		—		—			—		—			(1,036		)	(1,036		)
Earnings (loss) from operations	35,047		3,949		8,606			4,505		3,082			(8,629		)	46,560
Indemnification asset write-off	—		—		—			—		—			(7,050		)	(7,050		)
Interest expense	—		—		—			—		—			(914		)	(914		)
Interest income	—		—		—			—		—			23			23
Earnings (loss) from continuing operations before income taxes	$	35,047	$	3,949	$	8,606		$	4,505	$	3,082		$	(16,570	)	$	38,619
Total assets**	$	345,011	$	283,052	$	746,747		$	113,178	$	46,127		$	135,130		$	1,669,245
Depreciation and amortization	5,311		3,551		7,704			1,284		215			941			19,006
Capital expenditures	7,076		6,475		15,458			2,173		146			1,252			32,580

*Asset Impairments and other includes a $0.4 million charge for asset impairments, which relates to Lids Sports Group, and a $0.6 million charge for network intrusion expenses.

Note 10

Business Segment Information, Continued



Three Months Ended
November 2, 2013	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	$	281,093	92,556		$	199,300		$	61,689	$	31,701		$	210		$	666,549
Intercompany Sales	—		—		(146		)	—		(71		)	—			(217		)
Net sales to external customers	$	281,093	$	92,556	$	199,154		$	61,689	$	31,630		$	210		$	666,332
Segment operating income (loss)	$	32,268	$	1,945	$	11,996		$	4,833	$	4,112		$	(6,695	)	$	48,459
Asset Impairments and other*	—		—		—			—		—			(1,480		)	(1,480		)
Earnings (loss) from operations	32,268		1,945		11,996			4,833		4,112			(8,175		)	46,979
Interest expense	—		—		—			—		—			(1,199		)	(1,199		)
Interest income	—		—		—			—		—			9			9
Earnings (loss) from continuing operations before income taxes	$	32,268	$	1,945	$	11,996		$	4,833	$	4,112		$	(9,365	)	$	45,789
Total assets**	$	362,289	275,823		$	617,564		$	106,795	$	48,044		$	135,288		$	1,545,803
Depreciation and amortization	4,874		2,783		7,016			1,007		104			850			16,634
Capital expenditures	5,853		19,031		9,470			2,583		597			936			38,470

Note 10

Business Segment Information, Continued



Nine Months Ended
November 1, 2014	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	$	802,742	$	283,005		$	609,087		$	184,357	$	88,338		$	754		$	1,968,283
Intercompany Sales	—		—			(466		)	—		(603		)	—			(1,069		)
Net sales to external customers	$	802,742	$	283,005		$	608,621		$	184,357	$	87,735		$	754		$	1,967,214
Segment operating income (loss)	$	61,544	$	(1,389	)	$	25,217		$	8,577	$	8,476		$	(20,716	)	$	81,709
Asset Impairments and other*	—		—			—			—		—			(1,347		)	(1,347		)
Earnings (loss) from operations	61,544		(1,389		)	25,217			8,577		8,476			(22,063		)	80,362
Indemnification asset write-off	—		—			—			—		—			(7,050		)	(7,050		)
Interest expense	—		—			—			—		—			(2,447		)	(2,447		)
Interest income	—		—			—			—		—			73			73
Earnings (loss) from continuing operations before income taxes	$	61,544	$	(1,389	)	$	25,217		$	8,577	$	8,476		$	(31,487	)	$	70,938
Total assets**	$	345,011	$	283,052		$	746,747		$	113,178	$	46,127		$	135,130		$	1,669,245
Depreciation and amortization	15,160		10,756			21,834			3,572		518			2,915			54,755
Capital expenditures	21,682		18,688			33,897			7,045		636			3,369			85,317

Note 10

Business Segment Information, Continued



Nine Months Ended
November 2, 2013	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	$	760,707	242,988			$	570,187		$	173,372	$	85,038		$	1,030		$	1,833,322
Intercompany Sales	—		—			(672		)	—		(184		)	—			(856		)
Net sales to external customers	$	760,707	$	242,988		$	569,515		$	173,372	$	84,854		$	1,030		$	1,832,466
Segment operating income (loss)	$	56,198	$	(4,131	)	$	35,517		$	10,432	$	8,504		$	(22,620	)	$	83,900
Asset Impairments and other*	—		—			—			—		—			4,331			4,331
Earnings (loss) from operations	56,198		(4,131		)	35,517			10,432		8,504			(18,289		)	88,231
Interest expense	—		—			—			—		—			(3,418		)	(3,418		)
Interest income	—		—			—			—		—			49			49
Earnings (loss) from continuing operations before income taxes	$	56,198	$	(4,131	)	$	35,517		$	10,432	$	8,504		$	(21,658	)	$	84,862
Total assets**	$	362,289	275,823			$	617,564		$	106,795	$	48,044		$	135,288		$	1,545,803
Depreciation and amortization	14,515		8,167			20,794			2,960		356			2,725			49,517
Capital expenditures	16,572		25,154			23,514			6,906		1,283			2,247			75,676

Summary of Significant Accounting Policies (Details)	9 Months Ended
Summary of Significant Accounting Policies (Details)	Nov. 01, 2014
Buildings and building equipment \| Minimum
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	20 years
Buildings and building equipment \| Maximum
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	45 years
Computer hardware, software and equipment \| Minimum
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	3 years
Computer hardware, software and equipment \| Maximum
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	10 years
Furniture and fixtures
Property and equipment amortized over the estimated useful life of related assets
Property and equipment, useful life	10 years

Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	$ 115,035	$ 33,730
Line of Credit \| U.S. Revolver Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	62,200	0
Fair Value	62,176	0
Line of Credit \| UK Term Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	52,835	33,730
Fair Value	$ 52,442	$ 33,840

Summary of Significant Accounting Policies (Details 2) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

12 Months Ended

Nov. 01, 2014

Nov. 02, 2013

Nov. 01, 2014

Nov. 02, 2013

Feb. 01, 2014

Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Balance February 1, 2014

$ (16,767)

Other comprehensive income (loss) before reclassifications:

Foreign currency translation adjustment

(3,729)

Amounts reclassified from AOCI:

Amortization of net actuarial loss

^[1]

2,764

Amortization reclassified from AOCI, before tax

2,764

Total other comprehensive income (loss)

^[2]

1,088

$ (6,320)

$ 6,553

(2,053)

$ 2,990

$ 11,474

Balance November 1, 2014

(18,820)

$ (25,251)

(18,820)

$ (25,251)

(16,767)

Foreign Currency Translation

Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Balance February 1, 2014

575

Other comprehensive income (loss) before reclassifications:

Foreign currency translation adjustment

(3,729)

Amounts reclassified from AOCI:

Amortization of net actuarial loss

^[1]

Amortization reclassified from AOCI, before tax

Total other comprehensive income (loss)

^[2]

(3,729)

Balance November 1, 2014

(3,154)

575

Unrecognized Pension/Postretirement Benefit Costs

Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Balance February 1, 2014

(17,342)

Other comprehensive income (loss) before reclassifications:

Foreign currency translation adjustment

Amounts reclassified from AOCI:

Amortization of net actuarial loss

^[1]

2,764

Amortization reclassified from AOCI, before tax

2,764

Total other comprehensive income (loss)

^[2]

1,088

1,676

Balance November 1, 2014

$ (15,666)

$ (17,342)

[1]	Amount is included in net periodic benefit cost, which is recorded in selling and administrative expense on the Condensed Consolidated Statements of Operations.
[2]	Relates to amounts reclassified from AOCI.

Summary of Significant Accounting Policies (Details Textual) $ in Thousands	3 Months Ended			9 Months Ended
	Nov. 01, 2014 USD ($)	May 03, 2014 USD ($)	Nov. 02, 2013 USD ($)	Nov. 01, 2014 USD ($) Store customer segment	Nov. 02, 2013 USD ($) segment	Feb. 01, 2014 USD ($)	Jan. 31, 2014 USD ($)
Summary of Accounting Policies [Line Items]
Total number of retail stores operated by company \| Store				2,837
Number of reportable business segments \| segment				5	5
Pretax accruals for environmental contingencies included in provision for discontinued operations	$ 100		$ 0	$ 500	$ 400
Deferred tax valuation allowance	$ 3,700			$ 3,700
Effective tax rate, deferred purchase price	25.60%		39.30%	32.90%	40.20%
Decrease in expense from prior year				$ 7,000
Indemnification asset write off				$ 7,100
Minimum number of hours of service of full time employees				1000 hours
Cash	$ 38,000		$ 32,300	$ 38,000	$ 32,300	$ 59,400
Payment processing duration, minimum				24 hours
Payment processing duration, maximum				48 hours
Excess of outstanding checks drawn on zero balance accounts at domestic banks exceeded book cash balance	50,100		43,300	$ 50,100	43,300	42,100
Tenant allowances	25,400		23,800	25,400	23,800	24,200
Deferred rent	44,200		40,500	44,200	40,500	41,600
Goodwill	304,552		283,049	304,552	283,049	288,100
Wholesale and unallocated retail costs of distribution	2,600		2,300	7,200	6,500
Expense in connection with amendment plan		$ 5,700
Revenue recognition, gift cards, breakage	100		200	400	300
Accrued liability for gift cards	12,700		11,100	12,700	11,100	14,400
Advertising costs	15,300		14,100	44,900	38,000
Prepaid advertising	4,200		3,600	4,200	3,600	2,300
Cooperative advertising costs	1,000		900	2,700	2,700
Vendor reimbursements of cooperative advertising costs	1,500		600	2,800	1,800
Accumulated other comprehensive income pension liability adjustments	14,800			14,800
Accumulated other comprehensive income post retirement liability adjustment	800			800
Accumulated other comprehensive income, foreign currency translation adjustment	3,200			3,200
Selling, General and Administrative Expenses
Summary of Accounting Policies [Line Items]
Retail occupancy costs	103,200		96,100	$ 306,900	283,100
EVA Incentive Plan
Summary of Accounting Policies [Line Items]
Bonus awards in excess of specified cap measurement period				1 year
Bonus awards in excess of specified cap payment period				3 years
Lids Sports Group
Summary of Accounting Policies [Line Items]
Goodwill	201,900		180,400	$ 201,900	180,400	182,400
Schuh Group
Summary of Accounting Policies [Line Items]
Goodwill	101,900		101,800	101,900	101,800	104,900
Licensed Brands
Summary of Accounting Policies [Line Items]
Goodwill	800		$ 800	800	$ 800	$ 800
Lids Teams Sports
Summary of Accounting Policies [Line Items]
Goodwill	$ 14,200			$ 14,200
Goodwill impairment analysis, fair value in excess of carrying value							$ 3,900
Amount of reduction in fair value pending increases of 100 basis points in weighted average cost of capital							5,900
Amount of reduction in fair value pending decrease of 100 basis points in projected annual revenues							$ 400
Customer Concentration Risk \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Concentration risk, number of significant customers \| customer				1
Concentration risk percentage				7.00%
Customer Concentration Risk \| Trade Accounts Receivable \| Maximum
Summary of Accounting Policies [Line Items]
Concentration risk benchmark percentage				5.00%

Intangible Assets (Details) - USD ($)
$ in Thousands

Nov. 01, 2014

Feb. 01, 2014

Nov. 02, 2013

$ 35,392

$ 29,727

(22,802)

(20,645)

$ (19,782)

12,590

9,082

$ 9,502

Leases

13,810

13,104

(12,345)

(11,997)

1,465

1,107

Customer Lists

18,342

14,381

(8,919)

(7,354)

9,423

7,027

Other

^[1]

3,240

2,242

^[1]

(1,538)

(1,294)

^[1]

$ 1,702

$ 948

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

Intangible Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Intangible Assets (Details Textual) - USD ($) $ in Millions	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangibles assets	$ 0.9	$ 0.8	$ 2.4	$ 2.4
Future amortization expense, 2015	3.4		3.4
Future amortization expense, 2016	2.9		2.9
Future amortization expense, 2017	2.4		2.4
Future amortization expense, 2018	1.8		1.8
Future amortization expense, 2019	$ 1.5		$ 1.5

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

3 Months Ended

9 Months Ended

Nov. 01, 2014

Nov. 02, 2013

Aug. 03, 2013

Nov. 01, 2014

Nov. 02, 2013

$ 1,036

^[1]

$ 1,480

^[2]

$ 1,500

$ 1,347

^[3]

$ (4,331)

^[4]

Computer Network Intrusion

(3,400)

600

900

2,400

1,400

Other Legal Matters

Retail Store Asset Impairments

300

700

800

Contract Termination | Lids Sports Group

$ 400

1,600

1,800

Contract Termination | Journeys Group

$ (3,400)

Accrued Provision for Discontinued Operations

$ (8,300)

[1]	Asset Impairments and other includes a $0.4 million charge for asset impairments, which relates to Lids Sports Group, and a $0.6 million charge for network intrusion expenses.
[2]	Asset Impairments and other includes a $0.4 million charge for assets impairments, of which $0.1 million relates to Lids Sports Group and $0.3 million relates to Journeys Group, a $0.9 million charge for network intrusion expenses and a $0.3 million for other legal matters.
[3]	Asset Impairments and other includes a $2.4 million charge for network intrusion expense, a $1.6 million charge for asset impairments, which relates to Lids Sports Group and a $0.7 million charge for other legal matters, partially offset by a $(3.4) million gain on a lease termination of a Lids store.
[4]	Asset Impairments and other includes a $1.8 million charge for asset impairments, of which $1.2 million relates to Lids Sports Group and $0.6 million relates to Journeys Group, a $1.4 million charge for network intrusion expenses, a $0.8 million charge for other legal matters and a gain of $(8.3) million for the lease termination of a New York City Journeys store.

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

3 Months Ended

9 Months Ended

12 Months Ended

Nov. 01, 2014

Nov. 02, 2013

Nov. 01, 2014

Nov. 02, 2013

Feb. 01, 2014

Additional provision

$ (144)

$ (77)

$ (472)

$ (446)

Current provision for discontinued operations

7,759

7,223

7,759

7,223

$ 7,263

Total Noncurrent Provision for Discontinued Operations

4,790

$ 4,158

4,790

4,158

4,112

Facility Shutdown Costs

Accrued Provision for Discontinued Operations

Balance at beginning of period

11,375

$ 11,351

11,351

Additional provision

533

543

Charges and adjustments, net

641

(519)

Balance at end of period

12,549

^[1]

12,549

^[1]

$ 11,375

Current provision for discontinued operations

7,759

Total Noncurrent Provision for Discontinued Operations

$ 4,790

4,790

Environmental provision

11,900

Current environmental provision for discontinued operations

$ 7,700

[1]	Includes an $11.9 million environmental provision, including $7.7 million in current provision for discontinued operations.

Inventories (Details) - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Inventories
Raw materials	$ 33,215	$ 26,115
Wholesale finished goods	53,482	64,357
Retail merchandise	650,880	476,789
Total Inventories	$ 737,577	$ 567,261	$ 694,256

Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Fair Value (Details) - USD ($) $ in Thousands	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013	Aug. 02, 2014	May 03, 2014
Company's assets and liabilities measured at fair value on a nonrecurring basis
Sub-total asset impairment YTD	$ 397	$ 350	$ 1,639	$ 1,767
Fair Value Measurements Nonrecurring
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	22		22		$ 258	$ 890
Total Losses	397		397		418	824
Fair Value Measurements Nonrecurring \| Level 1
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	0		0		0	0
Fair Value Measurements Nonrecurring \| Level 2
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	0		0		0	0
Fair Value Measurements Nonrecurring \| Level 3
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	$ 22		$ 22		$ 258	$ 890

Fair Value (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Fair Value (Details Textual) - USD ($) $ in Thousands	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Fair Value Disclosures [Abstract]
Impairment of long-lived assets	$ 397	$ 350	$ 1,639	$ 1,767

Long-Term Debt Long-Term Debt (Details) - USD ($) $ in Thousands	Nov. 01, 2014	Feb. 01, 2014	Nov. 02, 2013
Debt Instrument [Line Items]
Total long-term debt	$ 115,035	$ 33,730
Current portion	35,347	6,793	$ 5,596
Total Noncurrent Portion of Long-Term Debt	79,688	26,937	$ 92,361
Line of Credit \| Revolver borrowings
Debt Instrument [Line Items]
Total long-term debt	62,200	0
Line of Credit \| UK Term Loans
Debt Instrument [Line Items]
Total long-term debt	$ 52,835	$ 33,730

Long-Term Debt Long-Term Debt (Details Textual) $ in Thousands	Jun. 30, 2014 GBP (£)	Nov. 01, 2014 GBP (£)	Nov. 01, 2014 USD ($)	Feb. 01, 2014 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
Repayments of principal in next twelve months			$ 1,900
Repayments of principal in year two			33,900
Repayments of principal in year three			2,000
Repayments of principal in year four			2,000
Repayments of principal in year five			64,200
Repayments of principal after year five			11,000
Long-term debt			115,035	$ 33,730
Line of Credit \| Revolver borrowings
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term debt			62,200	0
Line of Credit \| UK Term Loans
Long-term Debt, Fiscal Year Maturity [Abstract]
Long-term debt			52,835	$ 33,730
Line of Credit \| UK Term Loans \| Schuh Group
Long-term Debt, Fiscal Year Maturity [Abstract]
Maximum borrowing capacity \| £		£ 29,500,000.0
Line of Credit \| Term Loan A \| Schuh Group
Long-term Debt, Fiscal Year Maturity [Abstract]
Maximum borrowing capacity \| £		15,500,000.0
Line of Credit \| Term Loan B \| Schuh Group
Long-term Debt, Fiscal Year Maturity [Abstract]
Maximum borrowing capacity \| £		14,000,000.0
Line of Credit \| Term Loan C \| Schuh Group
Long-term Debt, Fiscal Year Maturity [Abstract]
Maximum borrowing capacity \| £		£ 12,500,000.0
Line of Credit \| Term Loan D \| Schuh Group
Long-term Debt, Fiscal Year Maturity [Abstract]
Maximum borrowing capacity \| £	£ 12,500,000.0
Line of Credit \| Term Loan D \| Schuh Group \| London Interbank Offered Rate (LIBOR)
Long-term Debt, Fiscal Year Maturity [Abstract]
Basis spread on variable rate	0.95%
Line of Credit \| Letter of Credit
Long-term Debt, Fiscal Year Maturity [Abstract]
Outstanding letters of credit			$ 15,500

Defined Benefit Pension Plans and Other Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013
Pension Benefits
Components of Net Periodic Benefit Cost
Service cost	$ 112	$ 88	$ 337	$ 264
Interest cost	1,163	1,145	3,501	3,438
Expected return on plan assets	(1,517)	(1,663)	(4,552)	(4,991)
Amortization:
Losses	860	1,512	2,686	4,648
Net amortization	860	1,512	2,686	4,648
Net Periodic Benefit Cost	618	1,082	1,972	3,359
Other Benefits
Components of Net Periodic Benefit Cost
Service cost	130	95	396	321
Interest cost	55	33	171	119
Expected return on plan assets	0	0	0	0
Amortization:
Losses	25	21	78	73
Net amortization	25	21	78	73
Net Periodic Benefit Cost	$ 210	$ 149	$ 645	$ 513

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

3 Months Ended

9 Months Ended

Nov. 01, 2014

Nov. 02, 2013

Nov. 01, 2014

Nov. 02, 2013

Summary of basic and diluted earnings per share

Earnings from continuing operations

$ 28,750

$ 27,796

$ 47,616

$ 50,770

Less: Preferred stock dividends

(33)

Basic EPS from continuing operations

Income available to common shareholders, Income (Numerator)

$ 28,750

$ 27,796

$ 47,616

$ 50,737

Income available to common shareholders, Shares (Denominator)

23,602,000

23,329,000

23,489,000

23,299,000

Income available to common shareholders, Per Share Amount (usd per share)

$ 1.22

$ 1.19

$ 2.03

$ 2.18

Effect of Dilutive Securities from continuing operations

Dilutive share-based awards, Shares (Denominator)

113,000

229,000

156,000

274,000

Employees' preferred stock, Shares (Denominator)

45,000

^[1]

46,000

^[1]

46,000

^[2]

46,000

^[2]

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

$ 28,750

$ 27,796

$ 47,616

$ 50,737

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

23,760,000

23,604,000

23,691,000

23,619,000

Income available to common shareholders plus assumed conversions, Per-Share Amount (usd per share)

$ 1.21

$ 1.18

$ 2.01

$ 2.15

Common convertible ratio

[1]	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the third quarters ended November 1, 2014 and November 2, 2013.
[2]	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the nine months ended November 1, 2014 and November 2, 2013.

Earnings Per Share (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Earnings Per Share (Details Textual) - USD ($)	Nov. 01, 2014	Nov. 02, 2013	Nov. 01, 2014	Nov. 02, 2013	Feb. 01, 2014
Earnings Per Share [Abstract]
Stock repurchased during period, shares	13,159	148,365	13,159	337,665
Stock repurchased during period, value	$ 900,000	$ 9,500,000	$ 946,000	$ 20,700,000	$ 20,676,000
Stock repurchase program, remaining authorized repurchase amount			64,600,000
Stock repurchase program, authorized amount			$ 75,000,000.0

Legal Proceedings (Details)		3 Months Ended			9 Months Ended
Legal Proceedings (Details)	Dec. 14, 2007 USD ($)	Nov. 01, 2014 USD ($)	Nov. 02, 2013 USD ($)	Feb. 02, 2013 USD ($)	Nov. 01, 2014 USD ($)	Nov. 02, 2013 USD ($)	Feb. 01, 2014 USD ($)	Mar. 07, 2013 USD ($)	Dec. 10, 2010 USD ($) Claimant
Loss Contingencies [Line Items]
Minimum estimated undiscounted costs of preparing RIFS for remedial alternatives					$ 0
Maximum estimated undiscounted costs of preparing RIFS for remedial alternatives					24,000,000.0
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 years
Amount related to outstanding environmental contingencies		11,900,000	$ 11,900,000		11,900,000	$ 11,900,000	$ 11,900,000
Pretax accruals for environmental contingencies included in provision for discontinued operations		$ 100,000	$ 0		$ 500,000	$ 400,000
Approximate claims asserted against the company's acquiring bank									$ 15,600,000
Number of claimants \| Claimant									2
Positive Outcome of Litigation
Loss Contingencies [Line Items]
Gain contingency, unrecorded amount								$ 13,300,000
Computer Network Intrusion \| Threatened Litigation
Loss Contingencies [Line Items]
Charges recorded to earning				$ 15,400,000

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

3 Months Ended

9 Months Ended

Nov. 01, 2014

Nov. 02, 2013

Aug. 03, 2013

Nov. 01, 2014

Nov. 02, 2013

Feb. 01, 2014

$ 722,915

$ 666,332

$ 1,967,214

$ 1,832,466

47,596

48,459

81,709

83,900

(1,036)

^[1]

(1,480)

^[2]

$ (1,500)

(1,347)

^[3]

4,331

^[4]

46,560

46,979

80,362

88,231

(7,050)

(914)

(1,199)

(2,447)

(3,418)

Earnings from continuing operations before income taxes

38,619

45,789

70,938

84,862

1,669,245

^[5],[6]

1,545,803

^[7],[8]

1,669,245

^[5],[6]

1,545,803

^[7],[8]

$ 1,439,284

19,006

16,634

54,755

49,517

32,580

38,470

85,317

75,676

Sales

723,302

666,549

1,968,283

1,833,322

Intercompany Sales

(387)

(217)

(1,069)

(856)

Journeys Group

303,781

281,093

802,742

760,707

35,047

32,268

61,544

56,198

^[1]

^[2]

^[3]

^[4]

35,047

32,268

61,544

56,198

Earnings from continuing operations before income taxes

35,047

32,268

61,544

56,198

345,011

^[5],[6]

362,289

^[7],[8]

345,011

^[5],[6]

362,289

^[7],[8]

5,311

4,874

15,160

14,515

7,076

5,853

21,682

16,572

Journeys Group | Sales

Journeys Group | Intercompany Sales

303,781

281,093

802,742

760,707

Schuh Group

101,959

92,556

283,005

242,988

3,949

1,945

(1,389)

(4,131)

^[1]

^[2]

^[3]

^[4]

3,949

1,945

(1,389)

(4,131)

Earnings from continuing operations before income taxes

3,949

1,945

(1,389)

(4,131)

283,052

^[5],[6]

275,823

^[7],[8]

283,052

^[5],[6]

275,823

^[7],[8]

3,551

2,783

10,756

8,167

6,475

19,031

18,688

25,154

Schuh Group | Sales

Schuh Group | Intercompany Sales

101,959

92,556

283,005

242,988

Lids Sports Group

220,038

199,154

608,621

569,515

8,606

11,996

25,217

35,517

^[1]

^[2]

^[3]

^[4]

8,606

11,996

25,217

35,517

Earnings from continuing operations before income taxes

8,606

11,996

25,217

35,517

746,747

^[5],[6]

617,564

^[7],[8]

746,747

^[5],[6]

617,564

^[7],[8]

7,704

7,016

21,834

20,794

Lids Sports Group | Sales

15,458

9,470

33,897

23,514

Lids Sports Group | Intercompany Sales

220,223

199,300

609,087

570,187

(185)

(146)

(466)

(672)

Johnston & Murphy Group

65,965

61,689

184,357

173,372

4,505

4,833

8,577

10,432

^[1]

^[2]

^[3]

^[4]

4,505

4,833

8,577

10,432

Earnings from continuing operations before income taxes

4,505

4,833

8,577

10,432

113,178

^[5],[6]

106,795

^[7],[8]

113,178

^[5],[6]

106,795

^[7],[8]

1,284

1,007

3,572

2,960

Johnston & Murphy Group | Sales

2,173

2,583

7,045

6,906

Johnston & Murphy Group | Intercompany Sales

65,965

61,689

184,357

173,372

Licensed Brands

30,981

31,630

87,735

84,854

3,082

4,112

8,476

8,504

^[1]

^[2]

^[3]

^[4]

3,082

4,112

8,476

8,504

Earnings from continuing operations before income taxes

3,082

4,112

8,476

8,504

46,127

^[5],[6]

48,044

^[7],[8]

46,127

^[5],[6]

48,044

^[7],[8]

215

104

518

356

146

597

636

1,283

Licensed Brands | Sales

Licensed Brands | Intercompany Sales

31,183

31,701

88,338

85,038

(202)

(71)

(603)

(184)

Corporate & Other

191

210

754

1,030

(7,593)

(6,695)

(20,716)

(22,620)

(1,036)

^[1]

(1,480)

^[2]

(1,347)

^[3]

4,331

^[4]

(8,629)

(8,175)

(22,063)

(18,289)

(7,050)

(914)

(1,199)

(2,447)

(3,418)

Earnings from continuing operations before income taxes

(16,570)

(9,365)

(31,487)

(21,658)

135,130

^[5],[6]

135,288

^[7],[8]

135,130

^[5],[6]

135,288

^[7],[8]

941

850

2,915

2,725

Corporate & Other | Sales

1,252

936

3,369

2,247

Corporate & Other | Intercompany Sales

191

210

754

1,030

$ 0

[1]	Asset Impairments and other includes a $0.4 million charge for asset impairments, which relates to Lids Sports Group, and a $0.6 million charge for network intrusion expenses.
[2]	Asset Impairments and other includes a $0.4 million charge for assets impairments, of which $0.1 million relates to Lids Sports Group and $0.3 million relates to Journeys Group, a $0.9 million charge for network intrusion expenses and a $0.3 million for other legal matters.
[3]	Asset Impairments and other includes a $2.4 million charge for network intrusion expense, a $1.6 million charge for asset impairments, which relates to Lids Sports Group and a $0.7 million charge for other legal matters, partially offset by a $(3.4) million gain on a lease termination of a Lids store.
[4]	Asset Impairments and other includes a $1.8 million charge for asset impairments, of which $1.2 million relates to Lids Sports Group and $0.6 million relates to Journeys Group, a $1.4 million charge for network intrusion expenses, a $0.8 million charge for other legal matters and a gain of $(8.3) million for the lease termination of a New York City Journeys store.
[5]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $201.9 million, $101.9 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill decreased by $3.0 million from February 1, 2014 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $19.5 million added since February 1, 2014 from several small acquisitions.
[6]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $201.9 million, $101.9 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill decreased by $3.0 million from February 1, 2014 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $19.5 million added since February 1, 2014 from several small acquisitions.
[7]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $180.4 million, $101.8 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill increased by $1.1 million from February 2, 2013 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $8.1 million added since February 2, 2013 from small acquisitions.
[8]	Total assets for the Lids Sports Group, Schuh Group and Licensed Brands include $180.4 million, $101.8 million and $0.8 million of goodwill, respectively. The Schuh Group goodwill increased by $1.1 million from February 2, 2013 due to foreign currency translation adjustment. Goodwill for Lids Sports Group includes $8.1 million added since February 2, 2013 from small acquisitions.

Business Segment Information (Details Textual)
$ in Thousands

3 Months Ended

9 Months Ended

Nov. 01, 2014

USD ($)

Nov. 02, 2013

USD ($)

Aug. 03, 2013

USD ($)

Nov. 01, 2014

USD ($)

segment

Nov. 02, 2013

USD ($)

segment

Feb. 01, 2014

USD ($)

Number of reportable business segments | segment

$ 1,036

^[1]

$ 1,480

^[2]

$ 1,500

$ 1,347

^[3]

$ (4,331)

^[4]

(3,400)

304,552

283,049

304,552

283,049

$ 288,100

Lids Sports Group

^[1]

^[2]

^[3]

^[4]

201,900

180,400

201,900

180,400

Schuh Group

^[1]

^[2]

^[3]

^[4]

101,900

101,800

101,900

101,800

Increase in goodwill

(3,000)

1,100

Licensed Brands

^[1]

^[2]

^[3]

^[4]

800

Lids Sports Group

Goodwill from an acquisition

19,500

8,100

Journeys Group

Retail Store Asset Impairments

^[1]

^[2]

^[3]

^[4]

Retail Store Asset Impairments | Lids Sports Group

400

1,600

1,800

Retail Store Asset Impairments | Lids Sports Group

100

1,200

Retail Store Asset Impairments | Journeys Group

400

300

600

Other Legal Matters

Computer Network Intrusion

300

700

800

Contract Termination | Journeys Group

$ 600

$ 900

$ 2,400

1,400