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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	May 04, 2019	May 31, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	GENESCO INC
Entity Central Index Key	0000018498
Document Type	10-Q
Document Period End Date	May 04, 2019
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--02-01
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding (in shares)		16,534,398
Entity Current Reporting Status	Yes
Entity Shell Company	false

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Current Assets:
Cash and cash equivalents	$ 156,655	$ 167,355	$ 30,880
Accounts receivable, net of allowances of $2,874 at May 4, 2019, $2,894 at Feb. 2, 2019 and $5,584 at May 5, 2018	33,275	132,390	42,158
Inventories	367,998	366,667	383,115
Prepaids and other current assets	43,116	64,634	57,198
Current assets - discontinued operations	0	0	193,145
Total current assets	601,044	731,046	706,496
Property and equipment:
Land	7,970	7,953	7,937
Buildings and building equipment	82,717	82,621	81,416
Computer hardware, software and equipment	138,574	138,147	126,673
Furniture and fixtures	129,232	129,625	127,351
Construction in progress	9,015	5,920	22,012
Improvements to leased property	340,824	341,134	337,617
Property and equipment, at cost	708,332	705,400	703,006
Accumulated depreciation	(437,012)	(428,025)	(406,910)
Property and equipment, net	271,320	277,375	296,096
Operating lease right of use asset	769,922
Goodwill	93,455	93,081	96,086
Trademarks, net of accumulated amortization of zero at May 4, 2019, Feb 2, 2019 and May 5, 2018	30,855	30,904	31,811
Other intangibles, net of accumulated amortization of $1,790 at May 4, 2019, $4,680 at Feb. 2 2019 and $4,586 at May 5, 2018	313	943	1,205
Deferred income taxes	24,043	21,335	24,842
Other noncurrent assets	25,121	26,397	24,756
Non-current assets - discontinued operations	0	0	136,133
Total Assets	1,816,073	1,181,081	1,317,425
Current Liabilities:
Accounts payable	121,655	158,603	106,732
Accrued employee compensation	31,701	43,246	21,077
Accrued other taxes	12,881	17,389	14,008
Accrued income taxes	71	2,133	67
Current portion – long-term debt	13,914	8,992	1,690
Current portion - operating lease liability	138,758
Other accrued liabilities	44,400	45,313	36,542
Provision for discontinued operations	484	553	1,804
Current liabilities - discontinued operations	0	0	59,083
Total current liabilities	363,864	276,229	241,003
Long-term debt	59,762	56,751	103,994
Long-term operating lease liability	690,432
Other long-term liabilities	37,178	108,704	117,080
Provision for discontinued operations	1,911	1,846	1,707
Non-current liabilities - discontinued operations	0	0	24,802
Total liabilities	1,153,147	443,530	488,586
Commitments and contingent liabilities
Equity:
Non-redeemable preferred stock	1,012	1,060	1,040
Common equity:
Common stock, $1 par value: Authorized: 80,000,000 shares Issued/Outstanding: May 4, 2019 – 17,752,527/17,264,063, February 2, 2019 – 19,591,048/19,102,584, May 5, 2018 – 20,404,230/19,915,766	17,753	19,591	20,404
Additional paid-in capital	266,455	264,138	254,230
Retained earnings	432,531	508,555	605,984
Accumulated other comprehensive loss	(36,968)	(37,936)	(36,890)
Treasury shares, at cost (488,464 shares)	(17,857)	(17,857)	(17,857)
Total Genesco equity	662,926	737,551	826,911
Noncontrolling interest – non-redeemable	0	0	1,928
Total equity	662,926	737,551	828,839
Total Liabilities and Equity	$ 1,816,073	$ 1,181,081	$ 1,317,425

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Current assets:
Allowances on accounts receivable	$ 2,874	$ 2,894	$ 5,584
Accumulated amortization on trademarks	0	0	0
Accumulated amortization on other intangibles	$ 1,790	$ 4,680	$ 4,586
Common Shareholders Equity
Common stock par value (in dollars per share)	$ 1	$ 1	$ 1
Common stock authorized (in shares)	80,000,000	80,000,000	80,000,000
Common stock issued (in shares)	17,752,527	19,591,048	20,404,230
Common stock outstanding (in shares)	17,264,063	19,102,584	19,915,766
Treasury shares, at cost (in shares)	488,464	488,464	488,464

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Income Statement [Abstract]
Net sales	$ 495,651	$ 486,219
Cost of sales	250,743	248,213
Selling and administrative expenses	236,555	233,176
Asset impairments and other, net	(731)	1,118
Operating income	9,084	3,712
Other components net periodic benefit cost	(86)	(8)
Interest expense, net:
Interest expense	848	1,047
Interest income	(1,014)	(19)
Total interest expense, net	(166)	1,028
Earnings from continuing operations before income taxes	9,336	2,692
Income tax expense	2,866	836
Earnings from continuing operations	6,470	1,856
Loss from discontinued operations, net of tax	(124)	(4,187)
Net Earnings (Loss)	$ 6,346	$ (2,331)
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)	$ 0.37	$ 0.10
Discontinued operations (in dollars per share)	(0.01)	(0.22)
Net earnings (loss) (in dollars per share)	0.36	(0.12)
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	0.36	0.10
Discontinued operations (in dollars per share)	0.00	(0.22)
Net earnings (loss) (in dollars per share)	$ 0.36	$ (0.12)

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 6,346	$ (2,331)
Other comprehensive income (loss):
Pension liability adjustments, net of tax of $0.0 million for each of the three months ended May 4, 2019 and May 5, 2018	55	140
Postretirement liability adjustments, net of tax of $0.1 million and $0.0 million for the three months ended May 4, 2019 and May 5, 2018, respectively	(167)	26
Foreign currency translation adjustments	1,080	(7,864)
Total other comprehensive income (loss)	968	(7,698)
Comprehensive income (loss)	$ 7,314	$ (10,029)

- Definition

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

+ References + Details

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	May 04, 2019	May 05, 2018
Other comprehensive income (loss):
Pension liability adjustments, tax	$ 0.0	$ 0.0
Postretirement liability adjustments, tax	$ 0.1	$ 0.0

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

May 04, 2019

May 05, 2018

Feb. 02, 2019

CASH FLOWS FROM OPERATING ACTIVITIES:

Net earnings (loss)

$ 6,346

$ (2,331)

Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities

Depreciation and amortization

12,803

19,693

Amortization of deferred note expense and debt discount

109

153

Deferred income taxes

(2,026)

(1,546)

Provision on accounts receivable

Gain on sale of business

Impairment of long-lived assets

307

1,274

Restricted stock expense

2,239

3,354

Provision for discontinued operations

Other

466

612

Effect on cash from changes in working capital and other assets and liabilities, net of acquisitions:

Accounts receivable

(3,699)

(9,395)

Inventories

(1,607)

(15,263)

Prepaids and other current assets

4,156

(2,708)

Accounts payable

(32,805)

14,249

Other accrued liabilities

(22,288)

(8,172)

Other assets and liabilities

1,028

838

Net cash provided by (used in) operating activities

(34,736)

806

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures

(6,741)

(19,533)

Other investing activities

633

Proceeds from sale of business and asset sales

105,878

Net cash provided by (used in) investing activities

99,137

(18,844)

CASH FLOWS FROM FINANCING ACTIVITIES:

Payments of long-term debt

(407)

(430)

Borrowings under revolving credit facility

28,357

119,217

Payments on revolving credit facility

(19,119)

(98,367)

Share repurchases related to share repurchase program

(80,064)

Change in overdraft balances

(4,038)

(7,522)

Additions to deferred note cost

(330)

Other

(3,165)

Net cash provided by (used in) financing activities

(75,271)

9,403

Effect of foreign exchange rate fluctuations on cash

170

(422)

Net Decrease in Cash and Cash Equivalents

(10,700)

(9,057)

Cash and cash equivalents at beginning of period(1)

^[1]

167,355

39,937

$ 39,937

Cash and cash equivalents at end of period(1)

^[1]

156,655

30,880

$ 167,355

Net cash paid for:

Interest

691

619

Income taxes

$ 267

$ 530

[1]	(1) The cash flows related to discontinued operations have been segregated and are included in the Condensed Consolidated Cash Flows for the three months ended May 5, 2018.

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	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. 03, 2018	$ 830,704	$ 1,052	$ 20,392	$ 250,877	$ 603,902	$ (29,192)	$ (17,857)	$ 1,530
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	(2,331)				(2,331)
Other comprehensive income (loss)	(7,698)					(7,698)
Employee and non-employee restricted stock	3,354			3,354
Restricted stock issuance	0		14	(14)
Other	(1)	(12)	(2)	13
Noncontrolling interest – earnings	398							398
Ending Balance at May. 05, 2018	828,839	1,040	20,404	254,230	605,984	(36,890)	(17,857)	1,928
Beginning Balance at Feb. 02, 2019	737,551	1,060	19,591	264,138	508,555	(37,936)	(17,857)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	6,346				6,346
Other comprehensive income (loss)	968					968
Employee and non-employee restricted stock	2,239			2,239
Shares repurchased	(79,971)		(1,809)		(78,162)
Other	1	(48)	(29)	78
Ending Balance at May. 04, 2019	$ 662,926	$ 1,012	$ 17,753	$ 266,455	$ 432,531	$ (36,968)	$ (17,857)	$ 0

- Definition

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

+ References + Details

Summary of Significant Accounting Policies

3 Months Ended

May 04, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

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 February 1, 2020 ("Fiscal 2020") and of the fiscal year ended February 2, 2019 ("Fiscal 2019"). The results of operations for any interim period are not necessarily indicative of results for the full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") have been condensed or omitted. The Condensed Consolidated Balance Sheet as of February 2, 2019 has been derived from the audited financial statements at that date. These Condensed Consolidated Financial Statements should be read in conjunction with the Company's Consolidated Financial Statements and notes thereto for Fiscal 2019, which are contained in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission ("SEC") on April 3, 2019.

Nature of Operations

Genesco Inc. and its subsidiaries (collectively, the "Company") business includes the sourcing and design, marketing and distribution of footwear and accessories through retail stores in the U.S., Puerto Rico and Canada primarily under the Journeys, Journeys Kidz, Little Burgundy and Johnston & Murphy banners and under the Schuh banner in the United Kingdom, the Republic of Ireland and Germany; through catalogs and e-commerce websites including the following: journeys.com, journeyskidz.com, journeys.ca, schuh.co.uk, littleburgundyshoes.com, johnstonmurphy.com, johnstonmurphy.ca and trask.com, and at wholesale, primarily under the Company's Johnston & Murphy brand, the Trask brand, the licensed Dockers brand and other brands that the Company licenses for footwear. At May 4, 2019, the Company operated 1,504 retail stores in the U.S., Puerto Rico, Canada, the United Kingdom, the Republic of Ireland and Germany.

On February 2, 2019, the Company completed the sale of its Lids Sports Group business. As a result, the Company reported the operating results of this business in loss from discontinued operations, net of tax in the Condensed Consolidated Statements of Operations for the three months ended May 5, 2018. In addition, the related assets and liabilities as of May 5, 2018 have been reported as assets and liabilities of discontinued operations in the Condensed Consolidated Balance Sheets. The cash flows related to discontinued operations have not been segregated, and are included in the Condensed Consolidated Statements of Cash Flows for the three months ended May 5, 2018. Unless otherwise noted, discussion within these notes to the condensed consolidated financial statements relates to continuing operations. See Note 3 for additional information related to discontinued operations.

During the three months ended May 4, 2019 and May 5, 2018, the Company operated four reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz and Little Burgundy retail footwear chains, e-commerce and catalog operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce operations, catalog, Trask e-commerce operations and wholesale distribution of products under the Johnston & Murphy^®and H.S. Trask^® brands; and (iv) Licensed Brands, comprised of Dockers^® Footwear, sourced and marketed under a license from Levi Strauss & Company; 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.

Revenue Recognition

In accordance with ASC 606, revenue shall be recognized upon satisfaction of all contractual performance obligations and transfer of control to the customer. Revenue is measured as the amount of consideration the Company expects to be entitled to in exchange for corresponding goods. The majority of the Company's sales are single performance obligation arrangements for retail sale transactions for which the transaction price is equivalent to the stated price of the product, net of any stated discounts applicable at a point in time. Each sales transaction results in an implicit contract with the customer to deliver a product at the point of sale. Revenue from retail sales is recognized at the point of sale, is net of estimated returns, and excludes sales and value added taxes. Revenue from catalog and internet sales is recognized at estimated time of delivery to the customer, is net of estimated returns, and excludes 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. Actual amounts of markdowns have not differed materially from estimates. Shipping and handling costs charged to

customers are included in net sales. The Company elected the practical expedient within ASC 606 related to taxes that are assessed by a governmental authority, which allows for the exclusion of sales and value added tax from transaction price.

A provision for estimated returns is provided through a reduction of sales and cost of goods sold in the period that the related sales are recorded. Estimated returns are based on historical returns and claims. Actual returns and claims in any future period may differ from historical experience. Revenue from gift cards is deferred and recognized upon the redemption of the cards. These cards have no expiration date. Income from unredeemed cards is recognized on the Condensed Consolidated Statements of Operations within net sales in proportion to the pattern of rights exercised by the customer in future periods. The Company performs an evaluation of historical redemption patterns from the date of original issuance to estimate future period redemption activity.

The Condensed Consolidated Balance Sheets include an accrued liability for gift cards of $4.3 million, $5.1 million and $4.2 million at May 4, 2019, February 2, 2019 and May 5, 2018, respectively. Gift card breakage recognized as revenue was $0.2 million and $0.1 million for the first quarters of Fiscal 2020 and Fiscal 2019, respectively. During the three months ended May 4, 2019, the Company recognized $1.6 million of gift card redemptions and gift card breakage revenue that were included in the gift card liability as of February 2, 2019.

Cash and Cash Equivalents

The Company had total available cash and cash equivalents of $156.7 million, $167.4 million and $30.9 million as of May 4, 2019, February 2, 2019 and May 5, 2018, respectively, of which approximately $7.7 million, $20.8 million and $8.6 million was held by the Company's foreign subsidiaries as of May 4, 2019, February 2, 2019 and May 5, 2018, respectively. The Company's strategic plan does not require the repatriation of foreign cash in order to fund its operations in the

Note 1

Summary of Significant Accounting Policies, Continued

U.S., and it is the Company's current intention to indefinitely reinvest its foreign cash and cash equivalents outside of the U.S. If the Company were to repatriate foreign cash to the U.S., it would be required to accrue and pay U.S. taxes in accordance with applicable U.S. tax rules and regulations as a result of the repatriation.

There were $133.2 million and $127.2 million in cash equivalents at May 4, 2019 and February 2, 2019, respectively, and no cash equivalents included in cash and cash equivalents at May 5, 2018. Cash equivalents are primarily institutional money market funds. The Company's cash equivalents at May 4, 2019 and February 2, 2019 were invested in institutional money market funds which invest exclusively in highly rated, short-term securities that are issued, guaranteed or collateralized by the U.S. government or by U.S. government agencies and instrumentalities.

At May 4, 2019, substantially all of the Company’s domestic cash was invested in institutional money market funds. 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 May 4, 2019, February 2, 2019 and May 5, 2018, outstanding checks drawn on zero-balance accounts at certain domestic banks exceeded book cash balances at those banks by approximately $25.6 million, $29.6 million and $6.6 million, respectively. These amounts are included in accounts payable in the Condensed Consolidated Balance Sheets.

Concentration of Credit Risk and Allowances on Accounts Receivable

The Company’s footwear wholesale businesses sell primarily to department stores and independent retailers 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. In the footwear wholesale businesses, one customer accounted for 19%, one customer accounted for 9%, one customer accounted for 8% and one customer accounted for 7% of the Company’s total trade receivables balance as of May 4, 2019.

Asset Retirement Obligations

The Condensed Consolidated Balance Sheets include asset retirement obligations related to leases of $11.0 million, $10.9 million and $10.9 million as of May 4, 2019, February 2, 2019 and May 5, 2018, respectively.

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 May 4, 2019 and February 2, 2019 are as follows:



Fair Values
In Thousands	May 4, 2019				February 2, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Credit Facility Borrowings	$	59,776	$	60,693	$	56,773	$	56,861
UK Term Loans	8,631		8,694		8,970		9,063
UK Revolver Borrowings	5,269		5,309		—		—

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.

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 from the warehouse to the customer and (iii) costs of its distribution facilities which are allocated to its retail operations. Wholesale costs of distribution are included in selling and administrative expenses

on the Condensed Consolidated Statements of Operations in the amount of $1.4 million and $1.5 million for the first quarters of Fiscal 2020 and Fiscal 2019, 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 occupancy costs recorded in selling and administrative expense were $83.2 million and $84.5 million for the first quarters of Fiscal 2020 and Fiscal 2019, respectively.

Advertising Costs

Advertising costs are predominantly expensed as incurred. Advertising costs were $13.7 million and $14.5 million for the first quarters of Fiscal 2020 and Fiscal 2019, respectively.

Note 1

Summary of Significant Accounting Policies, Continued

Cooperative Advertising

Cooperative advertising costs recognized in selling and administrative expenses on the Condensed Consolidated Statements of Operations were $0.7 million and $0.8 million for the first quarters of Fiscal 2020 and Fiscal 2019, respectively. During the first three months of Fiscal 2020 and Fiscal 2019, the Company’s cooperative advertising reimbursements paid did not exceed the fair value of the benefits received under those agreements.

Vendor Allowances

Vendor reimbursements of cooperative advertising costs recognized as a reduction of selling and administrative expenses were $1.9 million and $1.7 million for the first quarters of Fiscal 2020 and Fiscal 2019, respectively. During the first three months of Fiscal 2020 and Fiscal 2019, the Company’s cooperative advertising reimbursements received were not in excess of the costs incurred.

Foreign Currency Translation

The functional currency of the Company's foreign operations is the applicable local currency. The translation of the applicable foreign currency into U.S. dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date. Income and expense accounts are translated at monthly average exchange rates. The unearned gains and losses resulting

from such translation are included as a separate component of accumulated other comprehensive loss within shareholders' equity. Gains and losses from certain foreign currency transactions are

reported as an item of income and resulted in a net loss of $0.3 million for each of the first quarters of Fiscal 2020 and Fiscal 2019.

Other Comprehensive Income

ASC 220 requires, among other things, the Company’s pension liability adjustment, postretirement liability adjustment and foreign currency translation adjustment to be included in other comprehensive income net of tax. Accumulated other comprehensive loss at May 4, 2019 consisted of $6.0 million of cumulative pension liability adjustments, net of tax, a cumulative post-retirement liability adjustment of $(1.7) million, net of tax, and a cumulative foreign currency translation adjustment of $32.7 million.

Note 1

Summary of Significant Accounting Policies, Continued

The following table summarizes the components of accumulated other comprehensive loss ("AOCI") for the three months ended May 4, 2019:



In Thousands	Foreign Currency Translation		Unrecognized Pension Postretirement Benefit Costs		Total Accumulated Other Comprehensive Income (Loss)

Balance February 2, 2019	$(33,752)		$(4,184)		$(37,936)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	1,439		—		1,439
Loss on intra-entity foreign currency transactions
(long-term investment nature)	(359	)	—		(359	)
Amounts reclassified from AOCI:
Amortization of net actuarial loss and prior service cost ⁽¹⁾	—		(151	)	(151	)
Income tax expense	—		(39	)	(39	)
Current period other comprehensive income (loss), net of tax	1,080		(112	)	968
Balance May 4, 2019	$(32,672)		$(4,296)		$(36,968)

⁽¹⁾ Amount is included in other components of net periodic benefit cost on the Condensed Consolidated Statements of Operations.

Income Taxes

The Company recorded an effective income tax rate of 30.7% and 31.1% in the first quarters of Fiscal 2020 and Fiscal 2019, respectively. The tax rate for the first quarter of Fiscal 2020 and 2019 each benefitted from the lower U.S. federal income tax rate following the passage of the Tax Cut and Jobs Act in December 2017, partially offset by the inability to recognize a tax benefit for certain foreign losses.

New Accounting Pronouncements

New Accounting Pronouncements Recently Adopted

The Company adopted ASU 2016-02, " Leases (Topic 842)", ("ASC 842"), as of February 3, 2019, using the optional transition method provided by ASU 2018-11, "Leases (Topic 842): Targeted Improvements". The optional transition approach provides a method for recording existing leases at adoption by allowing a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption, as opposed to the modified or full retrospective transition methods that require restating prior comparative periods. Additionally, the Company elected the “package of practical expedients”, which permits the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected the practical expedient to not separate lease and non-lease components for its store and equipment leases.

Note 1

Summary of Significant Accounting Policies, Continued

Adoption of the new standard resulted in the recording of additional net operating lease right of use assets and operating lease liabilities of approximately $795.6 million and $855.3 million, respectively, as of February 3, 2019. The operating lease right of use asset is inclusive of the impairments recorded upon adoption for store operating lease right of use assets, which totaled $4.8 million and resulted in a decrease to retained earnings of $4.2 million, net of tax. Right of use assets are recorded based upon the present value of remaining operating lease liabilities adjusted for deferred rent, including tenant allowances from landlords. The standard did not materially impact net earnings or liquidity. The standard did not have an impact on debt covenant compliance under the Company’s current debt agreements. Financial results for reporting periods beginning after February 3, 2019 are presented in accordance with ASC 842, while prior periods will continue to be reported in accordance with the Company’s historical accounting for leases under ASC Topic 840: "Leases (Topic 840)" and therefore have not been adjusted to conform to Topic 842. For additional information regarding leases, see Note 6.

New Accounting Pronouncements Not Yet Adopted

In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which requires entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. The FASB has subsequently issued updates to the standard to provide additional clarification on specific topics. This guidance will be effective for the Company in the first quarter of the year ending January 30, 2021 ("Fiscal 2021") with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on the Company’s Condensed Consolidated Financial Statements.

In August 2018, the FASB issued ASU 2018-14, to improve the effectiveness of disclosures in the notes to financial statements for employers that sponsor defined benefit pension plans. ASU 2018-14 is effective for financial statements issued for fiscal years ending after December 15, 2020, and early adoption is permitted. The Company is currently assessing the impact of this update on its notes to its Condensed Consolidated Financial Statements.

In August 2018, the FASB issued ASU 2018-15. The standard requires that issuers follow the internal-use software guidance in ASC 350-40 to determine which costs to capitalize as assets or expense as incurred. The ASC 350-40 guidance requires that certain costs incurred during the application development stage be capitalized and other costs incurred during the preliminary project and post-implementation stages be expensed as they are incurred. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019. The Company is currently evaluating the impact of ASU 2018-15.

Goodwill and Other Intangible Assets

3 Months Ended

May 04, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by segment were as follows:



In Thousands	Schuh Group		Journeys Group			Total Goodwill
Balance, February 2, 2019	$	83,243	$	9,838		$	93,081
Effect of foreign currency exchange rates	615		(241		)	374
Balance, May 4, 2019	$	83,858	$	9,597		$	93,455

As required under ASC 350, the Company annually assesses its goodwill and indefinite lived trade names for impairment and on an interim basis if indicators of impairment are present. The Company’s annual assessment date of goodwill and indefinite lived trade names is the first day of the fourth quarter.

During the fourth quarter of Fiscal 2019, because the Schuh Group business has continued to perform below the Company's projected operating results, the Company performed impairment testing as of February 2, 2019. The Company found that the result of the impairment test, which valued the business at approximately $10.8 million in excess of its carrying value, indicated no impairment at that time. The Company may determine in connection with future impairment tests that some or all of the carrying value of the goodwill may be impaired. 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 Schuh Group business by $11.4 million. Furthermore, the Company noted that a decrease in projected annual revenue growth by one percent would reduce the fair value of the Schuh Group business by $7.4 million. However, if other assumptions do not remain constant, the fair value of the Schuh Group business may decrease by a greater amount. There were no impairment indicators for the three months ended May 4, 2019.

Other Intangible Assets

Other intangibles by major classes were as follows:



	Leases⁽¹⁾					Customer Lists						Other⁽²⁾						Total
In Thousands	May 4, 2019		Feb 2, 2019			May 4, 2019			Feb 2, 2019			May 4, 2019			Feb 2, 2019			May 4, 2019			Feb 2, 2019
Gross other intangibles	$	—	$	3,532		$	1,457		$	1,450		$	646		$	641		$	2,103		$	5,623
Accumulated amortization	—		(2,916		)	(1,457		)	(1,450		)	(333		)	(314		)	(1,790		)	(4,680		)
Net Other Intangibles	$	—	$	616		$	—		$	—		$	313		$	327		$	313		$	943

⁽¹⁾Intangible lease assets now recorded as part of operating lease right of use asset under ASC 842.

⁽²⁾Includes vendor contract.

Note 2

Goodwill and Other Intangible Assets, Continued

The amortization of intangibles was less than $0.1 million for each of the first quarters of Fiscal 2020 and 2019. The amortization of intangibles will be less than $0.1 million per year for the next five years.

Asset Impairments and Other Charges and Discontinued Operations

3 Months Ended

May 04, 2019

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 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 a pretax gain of $(0.7) million in the first quarter of Fiscal 2020, including a $(1.0) million gain for lease terminations, partially offset by a $0.3 million charge for retail store asset impairments.

The Company recorded pretax charges of $1.1 million in the first quarter of Fiscal 2019, including $1.0 million for retail store asset impairments and $0.2 million for legal and other matters, partially offset by a gain of $(0.1) million related to Hurricane Maria.

Discontinued Operations

On December 14, 2018, the Company entered into a definitive agreement for the sale of Lids Sports Group to FanzzLids Holdings, LLC (the "Purchaser"), a holding company controlled and operated by affiliates of Ames Watson Capital, LLC. The sale was completed on February 2, 2019 for $93.8 million cash which consisted of a sale price of $100.0 million and working capital adjustments of $6.2 million. Because the effective date of closing was a Saturday and the cash proceeds were not received by the Company until February 4, 2019, the purchase price is reflected in accounts receivable at February 2, 2019.

As a result of the sale, the Company met the requirements of ASC 360 to report the results of Lids Sports Group as discontinued operations. The Company has presented operating results of Lids Sports Group in loss from discontinued operations, net on the Condensed Consolidated Statements of Operations for the three months ended May 5, 2018. Certain corporate overhead costs and other allocated costs previously allocated to the Lids Sports Group business for segment reporting purposes did not qualify for classification within discontinued operations and have been reallocated to continuing operations whereas bank fees and certain legal fees related to the Lids Sports Group business segment previously excluded from segment earnings were reclassified to discontinued operations. The costs of the Lids Sports Group headquarters building, which was not included in the sale, was reclassified to corporate and other in segment earnings. The related assets and liabilities of Lids Sports Group are presented as current and non-current assets and liabilities of discontinued

Note 3

Asset Impairments and Other Charges and Discontinued Operations, Continued

operations in the Condensed Consolidated Balance Sheets as of May 5, 2018. The Company will provide various transition services to the Purchaser for a period of up to six months under a separate agreement after the closing.

As part of the Lids Sports Group sale transaction, the Purchaser has agreed to indemnify and hold the Company harmless in connection with continuing obligations and any guarantees of the Company in place as of February 2, 2019 in respect of post-closing or assumed liabilities or obligations of the Lids Sports Group business. The Purchaser has agreed to use commercially reasonable efforts to have any guarantees by, or continuing obligations of, the Company released. However, absent a release of the Company by the counterparty, the Company is contingently liable in the event of a breach by the Purchaser of any such obligation to a third-party. The foregoing guarantees of the Company include 68 of Lids Sports Group leases with lease expirations through October of 2027 and estimated maximum future payments totaling $27.8 million as of May 4, 2019. The Company does not believe the fair value of the guarantees is material to the Company's Condensed Consolidated Financial Statements.

The Purchaser has also agreed to assume the defense of and indemnify the Company in the Shumate v. Genesco Inc., et al., Ward v. Hat World, Inc., and Stewart vs. Hat World, Inc., et al. litigation matters previously disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended February 2, 2019. In the event that the Purchaser fails to satisfy its defense and indemnification obligations, the Company could be liable for any of the liabilities or obligations ultimately determined to be due in connection with these matters.

Components of amounts reflected in loss from discontinued operations, net of tax on the Condensed Consolidated Statements of Operations for the three months ended May 5, 2018 are as follows:



	Three Months Ended
In Thousands	May 5, 2018
Net sales	$158,740
Cost of sales	74,918
Selling and administrative expenses	88,948
Asset impairments and other, net	434
Other components of net periodic benefit cost	(28	)
Provision for discontinued operations⁽¹⁾	(31	)
Loss from discontinued operations before taxes	(5,619	)
Income tax benefit	(1,432	)
Loss from discontinued operations, net of tax	$(4,187)

⁽¹⁾ Expenses primarily for anticipated costs of environmental remedial alternatives related to former facilities operated by the Company (see additional disclosures below and in Note 9).

Note 3

Asset Impairments and Other Charges and Discontinued Operations, Continued

During the fourth quarter of Fiscal 2019, the Company recorded a loss on the sale of Lids Sports Group of $98.3 million, net of tax, on the sale of these assets, representing the sales price less the value of the Lids Sports Group assets sold and other miscellaneous charges, including divestiture transaction costs, offset by a tax benefit on the loss. Included in the loss on the sale is a $48.7 million write-off of trademarks. The tax benefit associated with discontinued operations differs from the effective rate due to the mix of earnings and loss in the various jurisdictions, the impact of permanent items and other factors.

Assets and liabilities of discontinued operations presented in the Condensed Consolidated Balance Sheets at May 5, 2018 are included in the following table.



In Thousands	May 5, 2018
Assets
Accounts Receivable	$	9,263
Inventories	169,360
Prepaids and other current assets	14,522
Current assets - discontinued operations	$	193,145
Property and equipment, net	$	81,267
Trademarks	54,492
Other intangibles	374
Non-Current assets - discontinued operations	$	136,133
Liabilities
Accounts payable	$	39,643
Accrued employee compensation	2,480
Other accrued liabilities	16,960
Current liabilities - discontinued operations	$	59,083

Other long-term liabilities	$	24,802
Non-Current liabilities - discontinued operations	$	24,802

The cash flows related to discontinued operations have not been segregated, and are included in the Condensed Consolidated Statements of Cash Flows. The following table summarizes depreciation and amortization, capital expenditures and the significant operating noncash items from discontinued operations for the three months ended May 5, 2018:



	Three Months Ended
In Thousands	May 5, 2018
Depreciation and amortization	$6,444
Capital expenditures	4,490
Impairment of long-lived assets	249

Note 3

Asset Impairments and Other Charges and Discontinued Operations, Continued

Discontinued Operations related to Environmental Matters



Accrued Provision for Discontinued Operations
In Thousands	Facility Shutdown Costs
Balance February 3, 2018	$	3,609
Additional provision Fiscal 2019	743
Charges and adjustments, net	(1,953		)
Balance February 2, 2019	2,399
Additional provision Fiscal 2020	88
Charges and adjustments, net	(92		)
Balance May 4, 2019⁽¹⁾	2,395
Current provision for discontinued operations	484
Total Noncurrent Provision for Discontinued Operations	$	1,911

⁽¹⁾Includes a $1.8 million environmental provision, including $0.5 million in current provision for discontinued operations (see Note 9).

Inventories

3 Months Ended

May 04, 2019

Inventory Disclosure [Abstract]

Inventories



In Thousands	May 4, 2019		February 2, 2019
Wholesale finished goods	$	30,302	$	45,679
Retail merchandise	337,696		320,988
Total Inventories	$	367,998	$	366,667

Fair Value

3 Months Ended

May 04, 2019

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. GAAP 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.

The following table presents the Company's assets and liabilities measured at fair value on a nonrecurring basis as of May 4, 2019 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 4, 2019	$	906	$	—	$	—	$	906	$	307

In accordance with the Property, Plant and Equipment Topic of the Codification, the Company recorded $0.3 million of impairment charges as a result of the fair value measurement of its long-lived assets held and used during the three months ended May 4, 2019. 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.

- Definition

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

Leases

3 Months Ended

May 04, 2019

Leases [Abstract]

Leases

The Company leases its office space and all of its retail store locations, transportation equipment and other equipment under various noncancelable operating leases. The leases have varying terms and expire at various dates through 2034. The store leases in the United States, Puerto Rico and Canada typically have initial terms of approximately 10 years. The store leases in the United Kingdom, the Republic of Ireland and Germany typically have initial terms of between 10 and 15 years. The Company's lease portfolio includes leases with fixed base rental payments and rental payments based on a percentage of retail sales over contractual amounts.

Generally, most of the leases require the Company to pay taxes, insurance, maintenance costs and contingent rentals based on sales. The Company evaluates renewal options and break options at lease inception and on an ongoing basis, and includes renewal options and break options that it is reasonably certain to exercise in its expected lease terms for calculations of its right-of-use assets and liabilities. Approximately 2% of the Company’s leases contain renewal options. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Under ASC 842, for store and equipment leases beginning in Fiscal 2020 and later, the Company has elected to not separate fixed lease components and non-lease components. Accordingly, the Company includes fixed rental payments, common area maintenance costs, promotional advertising costs and other fixed costs in its measurement of lease liabilities for leases beginning in Fiscal 2020 and later.

The Company's leases do not provide an implicit rate, so the incremental borrowing rate, based on the information available at commencement or modification date, is used in determining the present value of lease payments. The incremental borrowing rate represents an estimate of the interest rate the Company would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of a lease within a particular currency environment. For operating leases that commenced prior to the date of adoption of the new lease accounting guidance, the Company used the incremental borrowing rate that corresponded to the initial lease term as of the date of adoption.

Net lease costs are included within selling and administrative expenses on the Condensed Consolidated Statements of Operations. The table below presents the components of lease cost for operating leases for the three months ended May 4, 2019.



	Three Months Ended
In Thousands	May 4, 2019

Operating lease cost	$46,306
Variable lease cost	3,223
Less: Sublease income	(128	)
Net Lease Cost	$49,401

Note 6

Leases, Continued

The following table reconciles the maturities of undiscounted cash flows to the Company's operating lease liabilities recorded on the Condensed Consolidated Balance Sheets at May 4, 2019:



Fiscal Years	In Thousands
May 4, 2019 through February 1, 2020	$134,196
2021	170,158
2022	158,015
2023	139,865
2024	118,827
Thereafter	263,762
Total undiscounted future minimum lease payments	984,823
Less: Amounts representing interest	(155,633)
Total Present Value of Operating Lease Liabilities	$829,190

The Company's weighted-average remaining lease term and weighted-average discount rate for operating leases as of May 4, 2019 are:



	May 4, 2019

Weighted-average remaining lease term (years)	6.5

Weighted - average discount rate	5.3%

As of May 4, 2019, the Company's total present value of operating lease liabilities excludes $5.5 million for additional leases that have not yet commenced. These leases will commence between Fiscal 2020 and Fiscal 2021 with lease terms of 1 year to 11 years.

Supplemental cash flow information and non-cash activity related to the Company's operating leases are as follows:



	Three Months Ended
In Thousands	May 4, 2019

Operating cash flow information:
Cash paid for amounts included in the
measurement of operating lease liabilities	$45,877

Non-cash activity:
Operating lease right-of-use assets obtained
in exchange for operating lease liabilities	$13,632

Note 6

Leases, Continued

Prior Period Comparative Disclosures

Under the optional transition method, for leases that existed prior to and at the adoption of the new standard, the Company continues to present comparative prior period lease amounts in accordance with ASC 840, "Leases". As of February 2, 2019 future minimum rental commitments were:



Fiscal Years	In Thousands
2020	$183,432
2021	171,584
2022	159,155
2023	140,889
2024	119,023
Thereafter	323,638
Total Minimum Rental Commitments	$1,097,721

For leases that contain predetermined fixed escalations of the minimum rentals, the related rental expense is recognized on a straight-line basis and the cumulative expense recognized on the straight-line basis in excess of the cumulative payments is included in other long-term liabilities on the Condensed Consolidated Balance Sheets for comparative periods. 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 recorded as deferred rent and amortized as a reduction of rent expense over the initial lease term. Tenant allowances of $22.5 million and deferred rent of $48.6 million at February 2, 2019 and tenant allowances of $23.5 million and deferred rent of $45.9 million at May 5, 2018 are included in other long-term liabilities on the Condensed Consolidated Balance Sheets.

Defined Benefit Pension Plans and Other Benefit Plans

3 Months Ended

May 04, 2019

Retirement Benefits [Abstract]

Defined Benefit Pension Plans and Other Benefit Plans

Defined Benefit Pension Plans and Other Postretirement Benefit Plans

The following table summarizes the components of net periodic benefit cost related to the Company's pension and postretirement health care and life insurance plans:



Components of Net Periodic Benefit Cost


	Pension Benefits						Other Benefits
	Three Months Ended						Three Months Ended
In Thousands	May 4, 2019			May 5, 2018			May 4, 2019			May 5, 2018
Service cost	$	162		$	113		$	22		$	155

Interest cost	$	758		$	754		$	38		$	68
Expected return on plan assets	(731		)	(1,051		)	—			—
Amortization:
Prior service cost	—			—			(230		)	—
Amortization of losses	74			189			5			32
Total other components of net periodic benefit cost	$	101		$	(108	)	$	(187	)	$	100

Net Periodic Benefit Cost	$	263		$	5		$	(165	)	$	255

The service cost component of net periodic benefit cost is recorded in selling and administrative expenses in the Condensed Consolidated Statements of Operations, while the other components are recorded in other components of net periodic benefit cost in the Condensed Consolidated Statements of Operations.

There is no cash contribution required for the pension plan in calendar 2019.

In March 2019, the Company's board of directors approved the termination of the pension plan effective June 30, 2019.

Earnings Per Share

3 Months Ended

May 04, 2019

Earnings Per Share [Abstract]

Earnings Per Share



	For the Three Months Ended				For the Three Months Ended
	May 4, 2019				May 5, 2018
(In thousands, except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount	Income (Numerator)		Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	6,470			$	1,856

Basic EPS from continuing operations
Income available to common
shareholders	6,470		17,645	$0.37	1,856		19,278	$0.10

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards			171				140
Employees' preferred stock⁽¹⁾			34				37

Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	6,470	17,850	$0.36	$	1,856	19,455	$0.10

⁽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 for all periods presented.

Legal Proceedings and Other Matters	3 Months Ended
Legal Proceedings and Other Matters	May 04, 2019
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings and Other Matters	Legal Proceedings and Other Matters 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 and implementing an interim remedial measure with regard to the site of a knitting mill operated by a former subsidiary of the Company from 1965 to 1969. The United States Environmental Protection Agency (“EPA”), which assumed primary regulatory responsibility for the site from NYSDEC, issued a Record of Decision in September 2007. The Record of Decision specified a remedy of a combination of groundwater extraction and treatment and in-situ chemical oxidation. In September 2015, the EPA adopted an amendment to the Record of Decision eliminating the separate ground-water extraction and treatment systems and the use of in-situ oxidation from the remedy adopted in the Record of Decision. The amendment provides for the continued operation and maintenance of the existing wellhead treatment systems on wells operated by the Village of Garden City, New York (the "Village"). It also requires the Company to perform certain ongoing monitoring, operation and maintenance activities and to reimburse EPA's future oversight cost, involving future costs to the Company estimated to be between $1.7 million and $2.0 million, and to reimburse EPA for approximately $1.25 million of interim oversight costs. On August 15, 2016, the Court entered a Consent Judgment implementing the remedy provided for by the amendment. The Village 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 total costs ranging from approximately $1.8 million to in excess of $2.5 million, and future operation and maintenance costs which the Village estimated at $126,400 annually while the enhanced treatment continues. On December 14, 2007, the Village filed a complaint (the "Village Lawsuit") 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. In June 2016 the Company and the Village reached an agreement providing for the Village to continue to operate and maintain the well head treatment systems in accordance with the Record of Decision and to release its claims against the Company asserted in the Village Lawsuit in exchange for a lump-sum payment of $10.0 million by the Company. On August 25, 2016, the Village Lawsuit was dismissed with prejudice. The cost of the settlement with the Village and the estimated costs associated with the Company's compliance with the Consent Judgment were covered by the Company's existing provision for the site. The settlement with the Village did not have, and the Company expects that the Consent Judgment will not have, a material effect on its financial condition or results of operations. Note 9 Legal Proceedings and Other Matters, Continued In April 2015, the Company received from the EPA a Notice of Potential Liability and Demand for Costs (the "Notice") pursuant to CERCLA regarding the site in Gloversville, New York of a former leather tannery operated by the Company and by other, unrelated parties. The Notice demanded payment of approximately $2.2 million of response costs claimed by EPA to have been incurred to conduct assessments and removal activities at the site. In February 2017, the Company and EPA entered into a settlement agreement resolving EPA's claim for past response costs in exchange for a payment by the Company of $1.5 million which was paid in May 2017. The Company's environmental insurance carrier has reimbursed the Company for 75% of the settlement amount, subject to a $500,000 self-insured retention. The Company does not expect any additional cost related to the matter. 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 $1.8 million as of May 4, 2019, $1.8 million as of February 2, 2019 and $2.9 million as of May 5, 2018. 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 in the first quarters of Fiscal 2020 and Fiscal 2019, respectively. These charges are included in loss from discontinued operations, net in the Condensed Consolidated Statements of Operations and represent changes in estimates. Other Legal Matters On May 19, 2017, two former employees of the Company's former Hat World subsidiary filed a putative class and collective action, Chen and Salas v. Genesco Inc., et al., in the U.S. District Court for the Northern District of Illinois alleging violations of the FLSA and certain Illinois and New York wages and hours laws, including, among others, failure to pay overtime to store managers, and also seeking back pay, damages, statutory penalties, and declaratory and injunctive relief. On March 8, 2018, the court granted the Company's motion to transfer venue to the U.S. District Court for the Southern District Note 9 Legal Proceedings and Other Matters, Continued of Indiana. On March 9, 2018, a former employee of the Company's former Hat World subsidiary filed a putative class action in the Superior Court of the Commonwealth of Massachusetts claiming violations of the Massachusetts Overtime Law, M.G.L.C. 151§1A, by failing to pay overtime to employees classified as store managers, and seeking restitution, an incentive award, treble damages, interest, attorneys' fees and costs. The Company has reached an agreement in principle to settle the Chen and Salas and Massachusetts matters for payment of attorneys' fees and administrative costs totaling $0.4 million plus total payments to members of the plaintiff class who opt to participate in the settlement of up to $0.8 million. The proposed settlement is subject to approval by the court. The Company does not expect that the proposed settlement will have a material adverse 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 statements, legal proceedings are subject to inherent uncertainties and unfavorable rulings could have a material adverse impact on the Company's financial statements. Other Matters Subsequent to February 2, 2019, the IRS notified the Company on Letter 226-J, that the Company may be liable for an Employer Shared Responsibility Payment (“ESRP”) in the amount of $12.3 million for the year ended December 31, 2016. The ESRP is applicable to employers that had 50 or more full-time equivalent employees, did not offer minimum essential coverage (“MEC”) to at least 95% of full-time employees (and their dependents) or did offer MEC to at least 95% of full time-employees (and their dependents), which did not meet the affordable or minimum value criteria and had one or more employees who claimed the Employee Premium Tax Credit (“PTC”) pursuant to the Affordable Care Act (the “ACA”). The IRS determines which employers receive Letter 226-J and the amount of the proposed ESRP from information that the employers complete on their information returns (IRS Forms 1094-C and 1095-C) and from the income tax returns of their employees. Since the inception of the ACA, it has been the Company’s policy to offer MEC to all full-time employees and their dependents. Based on its analysis, the Company responded to the IRS on May 1, 2019 asserting that it did offer MEC to at least 95% of its full-time employees for each month of 2016 and noting that the discrepancy was caused by errors in the electronic files uploaded through the ACA information return system. Accordingly, the Company currently does not believe the ESRP set forth in Letter 226-J is a probable liability, and no accrual has been recorded at May 4, 2019.

Business Segment Information

3 Months Ended

May 04, 2019

Segment Reporting [Abstract]

Business Segment Information

During the three months ended May 4, 2019 and May 5, 2018, the Company operated four reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz and Little Burgundy retail footwear chains, e-commerce and catalog operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce operations, catalog, Trask e-commerce operations and wholesale distribution of products under the Johnston & Murphy^® and H.S. Trask^® brands; and (iv) Licensed Brands, comprised of Dockers^® Footwear, sourced and marketed under a license from Levi Strauss & Company; and other brands.

The Company completed the sale of Lids Sports Group on February 2, 2019. As a result of the sale, the Company met the requirements to report the results of Lids Sports Group as a discontinued operation. Certain corporate overhead costs and other allocated costs previously allocated to the Lids Sports Group business for segment reporting purposes did not qualify for classification within discontinued operations and have been reallocated to continuing operations whereas bank fees and certain legal fees related to the Lids Sports Group business segment previously excluded from segment earnings were reclassified to discontinued operations. The costs of Lids Sports Group headquarters building, which was not included in the sale, was reclassified to corporate and other in segment earnings. As a result, the Company's segment information has been adjusted to exclude discontinued operations for the three months ended May 5, 2018.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 1, under Item 8 in the Company's Annual Report on Form10-K for the fiscal year ended February 2, 2019).

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 and Schuh 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, pension asset, deferred income taxes, deferred note expense on revolver debt and corporate fixed assets, including the former Lids Sports Group headquarters building, and miscellaneous investments. 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, bank fees, 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
May 4, 2019	Journeys Group		Schuh Group				Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In Thousands	Journeys Group		Schuh Group				Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	323,972	$	76,844			$	74,734	$	20,086		$	18		$	495,654
Intercompany sales	—		—				—		(3		)	—			(3		)
Net sales to external customers	$	323,972	$	76,844			$	74,734	$	20,083		$	18		$	495,651
Segment operating income (loss)	$	18,976	$	(5,428	)		$	5,106	$	429		$	(10,730	)	$	8,353
Asset impairments and other⁽¹⁾	—		—				—		—			731			731
Operating income (loss)	18,976		(5,428		)		5,106		429			(9,999		)	9,084
Other components of net periodic benefit cost	—		—				—		—			86			86
Interest expense	—		—				—		—			(848		)	(848		)
Interest income	—		—				—		—			1,014			1,014
Earnings (loss) from continuing operations before income taxes	$	18,976	$	(5,428	)		$	5,106	$	429		$	(9,747	)	$	9,336
Total assets⁽²⁾	$	934,349	$	388,989		—	$	209,735	$	20,918		$	262,082		$	1,816,073
Depreciation and amortization⁽³⁾	7,320		3,099				1,626		148			610			12,803
Capital expenditures	3,967		1,673				862		62			177			6,741

⁽¹⁾Asset impairments and other includes a $(1.0) million gain for lease terminations in Schuh Group, partially offset by a $0.3 million charge for asset impairments in Schuh Group.

⁽²⁾Total assets for the Schuh Group and Journeys Group include $83.9 million and $9.6 million of goodwill, respectively. Goodwill for the Schuh Group increased by $0.6 million and goodwill for Journeys Group decreased by $0.2 million from February 2, 2019, due to foreign currency translation adjustments. Of the Company's $271.3 million of property and equipment, $44.5 million and $12.0 million relate to property and equipment in the United Kingdom and Canada, respectively.

⁽³⁾Includes $12.8 million in depreciation expense for the three months ended May 4, 2019.

Note 10

Business Segment Information, Continued



Three Months Ended
May 5, 2018	Journeys Group		Schuh Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In Thousands	Journeys Group		Schuh Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	306,142	80,266			$	75,684	$	24,066		$	62		$	486,220
Intercompany sales	—		—			—		(1		)	—			(1		)
Net sales to external customers	$	306,142	$	80,266		$	75,684	$	24,065		$	62		$	486,219
Segment operating income (loss)	$	12,992	$	(5,640	)	$	4,867	$	276		$	(7,665	)	$	4,830
Asset impairments and other⁽¹⁾	—		—			—		—			(1,118		)	(1,118		)
Operating income (loss)	12,992		(5,640		)	4,867		276			(8,783		)	3,712
Other components of net periodic benefit cost	—		—			—		—			8			8
Interest expense	—		—			—		—			(1,047		)	(1,047		)
Interest income	—		—			—		—			19			19
Earnings (loss) from continuing operations before income taxes	$	12,992	$	(5,640	)	$	4,867	$	276		$	(9,803	)	$	2,692
Total assetsongoing operations	$	446,001	243,921			$	119,854	$	29,520		$	148,851		$	988,147
Assets from discontinued operations														329,278
Total assets ⁽²⁾														$	1,317,425
Depreciation and amortization⁽³⁾	6,795		3,927			1,568		155			804			13,249
Capital expenditures⁽⁴⁾	10,543		2,907			1,470		60			63			15,043

⁽¹⁾Asset impairments and other includes a $1.0 million charge for asset impairments, which includes $0.2 million for Journeys Group and $0.8 million for Schuh Group, and a $0.2 million charge for legal and other matters, partially offset by a gain of $(0.1) million related to Hurricane Maria.

⁽²⁾Total assets for the Schuh Group and Journeys Group include $86.1 million and $10.0 million of goodwill, respectively. Goodwill for Schuh Group and Journeys Group decreased by $3.9 million and $0.4 million, respectively, from February 3, 2018, due to foreign currency translation adjustments. Of the Company's $296.1 million of property and equipment, $54.8 million and $14.3 million relate to property and equipment in the United Kingdom and Canada, respectively.

⁽³⁾Includes $13.2 million in depreciation expense for the three months ended May 5, 2018. Excludes $6.4 million of depreciation and amortization related to Lids Sports Group. This amount is included in depreciation and amortization in the Condensed Consolidated Statements of Cash Flows as the Company did not segregate cash flows related to discontinued operations.

⁽⁴⁾Excludes $4.5 million of capital expenditures related to Lids Sports Group. This amount is included in capital expenditures in the Condensed Consolidated Statements of Cash Flows as the Company did not segregate cash flows related to discontinued operations.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

May 04, 2019

Accounting Policies [Abstract]

Basis of Presentation

Nature of Operations

Principles of Consolidation

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

Revenue Recognition

Cash and Cash Equivalents

Note 1

Summary of Significant Accounting Policies, Continued

Concentration of Credit Risk and Allowances on Accounts Receivable

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at May 4, 2019 and February 2, 2019 are as follows:



Fair Values
In Thousands	May 4, 2019				February 2, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Credit Facility Borrowings	$	59,776	$	60,693	$	56,773	$	56,861
UK Term Loans	8,631		8,694		8,970		9,063
UK Revolver Borrowings	5,269		5,309		—		—

Selling and Administrative Expenses

Buying, Merchandising and Occupancy Costs

Advertising Costs

Advertising costs are predominantly expensed as incurred. Advertising costs were $13.7 million and $14.5 million for the first quarters of Fiscal 2020 and Fiscal 2019, respectively.

Note 1

Summary of Significant Accounting Policies, Continued

Cooperative Advertising

Foreign Currency Translation

from such translation are included as a separate component of accumulated other comprehensive loss within shareholders' equity.

Other Comprehensive Income

Income Taxes

New Accounting Pronouncements

New Accounting Pronouncements Recently Adopted

Note 1

Summary of Significant Accounting Policies, Continued

New Accounting Pronouncements Not Yet Adopted

Summary of Significant Accounting Policies (Tables)

3 Months Ended

May 04, 2019

Accounting Policies [Abstract]

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

The carrying amounts and fair values of the Company’s financial instruments at May 4, 2019 and February 2, 2019 are as follows:



Fair Values
In Thousands	May 4, 2019				February 2, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
U.S. Credit Facility Borrowings	$	59,776	$	60,693	$	56,773	$	56,861
UK Term Loans	8,631		8,694		8,970		9,063
UK Revolver Borrowings	5,269		5,309		—		—

Components of accumulated other comprehensive loss

The following table summarizes the components of accumulated other comprehensive loss ("AOCI") for the three months ended May 4, 2019:



In Thousands	Foreign Currency Translation		Unrecognized Pension Postretirement Benefit Costs		Total Accumulated Other Comprehensive Income (Loss)

Balance February 2, 2019	$(33,752)		$(4,184)		$(37,936)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	1,439		—		1,439
Loss on intra-entity foreign currency transactions
(long-term investment nature)	(359	)	—		(359	)
Amounts reclassified from AOCI:
Amortization of net actuarial loss and prior service cost ⁽¹⁾	—		(151	)	(151	)
Income tax expense	—		(39	)	(39	)
Current period other comprehensive income (loss), net of tax	1,080		(112	)	968
Balance May 4, 2019	$(32,672)		$(4,296)		$(36,968)

⁽¹⁾ Amount is included in other components of net periodic benefit cost on the Condensed Consolidated Statements of Operations.

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

May 04, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying amount of goodwill by segment

The changes in the carrying amount of goodwill by segment were as follows:



In Thousands	Schuh Group		Journeys Group			Total Goodwill
Balance, February 2, 2019	$	83,243	$	9,838		$	93,081
Effect of foreign currency exchange rates	615		(241		)	374
Balance, May 4, 2019	$	83,858	$	9,597		$	93,455

Other intangible assets by major classes

Other intangibles by major classes were as follows:



	Leases⁽¹⁾					Customer Lists						Other⁽²⁾						Total
In Thousands	May 4, 2019		Feb 2, 2019			May 4, 2019			Feb 2, 2019			May 4, 2019			Feb 2, 2019			May 4, 2019			Feb 2, 2019
Gross other intangibles	$	—	$	3,532		$	1,457		$	1,450		$	646		$	641		$	2,103		$	5,623
Accumulated amortization	—		(2,916		)	(1,457		)	(1,450		)	(333		)	(314		)	(1,790		)	(4,680		)
Net Other Intangibles	$	—	$	616		$	—		$	—		$	313		$	327		$	313		$	943

⁽¹⁾Intangible lease assets now recorded as part of operating lease right of use asset under ASC 842.

⁽²⁾Includes vendor contract.

Asset Impairments and Other Charges and Discontinued Operations (Tables)

3 Months Ended

May 04, 2019

Asset Impairments and Other Charges and Discontinued Operations [Abstract]

Impact of Discontinued Operations on Financial Statements



	Three Months Ended
In Thousands	May 5, 2018
Depreciation and amortization	$6,444
Capital expenditures	4,490
Impairment of long-lived assets	249

Assets and liabilities of discontinued operations presented in the Condensed Consolidated Balance Sheets at May 5, 2018 are included in the following table.



In Thousands	May 5, 2018
Assets
Accounts Receivable	$	9,263
Inventories	169,360
Prepaids and other current assets	14,522
Current assets - discontinued operations	$	193,145
Property and equipment, net	$	81,267
Trademarks	54,492
Other intangibles	374
Non-Current assets - discontinued operations	$	136,133
Liabilities
Accounts payable	$	39,643
Accrued employee compensation	2,480
Other accrued liabilities	16,960
Current liabilities - discontinued operations	$	59,083

Other long-term liabilities	$	24,802
Non-Current liabilities - discontinued operations	$	24,802

Components of amounts reflected in loss from discontinued operations, net of tax on the Condensed Consolidated Statements of Operations for the three months ended May 5, 2018 are as follows:



	Three Months Ended
In Thousands	May 5, 2018
Net sales	$158,740
Cost of sales	74,918
Selling and administrative expenses	88,948
Asset impairments and other, net	434
Other components of net periodic benefit cost	(28	)
Provision for discontinued operations⁽¹⁾	(31	)
Loss from discontinued operations before taxes	(5,619	)
Income tax benefit	(1,432	)
Loss from discontinued operations, net of tax	$(4,187)

⁽¹⁾ Expenses primarily for anticipated costs of environmental remedial alternatives related to former facilities operated by the Company (see additional disclosures below and in Note 9).

Schedule of Accrued Provision for Discontinued Operations



Accrued Provision for Discontinued Operations
In Thousands	Facility Shutdown Costs
Balance February 3, 2018	$	3,609
Additional provision Fiscal 2019	743
Charges and adjustments, net	(1,953		)
Balance February 2, 2019	2,399
Additional provision Fiscal 2020	88
Charges and adjustments, net	(92		)
Balance May 4, 2019⁽¹⁾	2,395
Current provision for discontinued operations	484
Total Noncurrent Provision for Discontinued Operations	$	1,911

⁽¹⁾Includes a $1.8 million environmental provision, including $0.5 million in current provision for discontinued operations (see Note 9).

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Inventories (Tables)

3 Months Ended

May 04, 2019

Inventory Disclosure [Abstract]

Inventories



In Thousands	May 4, 2019		February 2, 2019
Wholesale finished goods	$	30,302	$	45,679
Retail merchandise	337,696		320,988
Total Inventories	$	367,998	$	366,667

Fair Value (Tables)

3 Months Ended

May 04, 2019

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on nonrecurring basis



	Long-Lived Assets Held and Used		Level 1		Level 2		Level 3		Total Losses
Measured as of May 4, 2019	$	906	$	—	$	—	$	906	$	307

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Leases (Tables)

3 Months Ended

May 04, 2019

Leases [Abstract]

Lease Cost and Cash Flow Information Related to Operating Leases

Supplemental cash flow information and non-cash activity related to the Company's operating leases are as follows:



	Three Months Ended
In Thousands	May 4, 2019

Operating cash flow information:
Cash paid for amounts included in the
measurement of operating lease liabilities	$45,877

Non-cash activity:
Operating lease right-of-use assets obtained
in exchange for operating lease liabilities	$13,632

The table below presents the components of lease cost for operating leases for the three months ended May 4, 2019.



	Three Months Ended
In Thousands	May 4, 2019

Operating lease cost	$46,306
Variable lease cost	3,223
Less: Sublease income	(128	)
Net Lease Cost	$49,401

Schedule of Lease Maturity Under Topic 842

The following table reconciles the maturities of undiscounted cash flows to the Company's operating lease liabilities recorded on the Condensed Consolidated Balance Sheets at May 4, 2019:



Fiscal Years	In Thousands
May 4, 2019 through February 1, 2020	$134,196
2021	170,158
2022	158,015
2023	139,865
2024	118,827
Thereafter	263,762
Total undiscounted future minimum lease payments	984,823
Less: Amounts representing interest	(155,633)
Total Present Value of Operating Lease Liabilities	$829,190

Supplemental Information Related to Operating Leases

The Company's weighted-average remaining lease term and weighted-average discount rate for operating leases as of May 4, 2019 are:



	May 4, 2019

Weighted-average remaining lease term (years)	6.5

Weighted - average discount rate	5.3%

Schedule of Future Minimum Rental Payments for Operating Leases Under Topic 840



Fiscal Years	In Thousands
2020	$183,432
2021	171,584
2022	159,155
2023	140,889
2024	119,023
Thereafter	323,638
Total Minimum Rental Commitments	$1,097,721

Defined Benefit Pension Plans and Other Benefit Plans (Tables)

3 Months Ended

May 04, 2019

Retirement Benefits [Abstract]

Components of net periodic benefit cost

The following table summarizes the components of net periodic benefit cost related to the Company's pension and postretirement health care and life insurance plans:



Components of Net Periodic Benefit Cost


	Pension Benefits						Other Benefits
	Three Months Ended						Three Months Ended
In Thousands	May 4, 2019			May 5, 2018			May 4, 2019			May 5, 2018
Service cost	$	162		$	113		$	22		$	155

Interest cost	$	758		$	754		$	38		$	68
Expected return on plan assets	(731		)	(1,051		)	—			—
Amortization:
Prior service cost	—			—			(230		)	—
Amortization of losses	74			189			5			32
Total other components of net periodic benefit cost	$	101		$	(108	)	$	(187	)	$	100

Net Periodic Benefit Cost	$	263		$	5		$	(165	)	$	255

Earnings Per Share (Tables)

3 Months Ended

May 04, 2019

Earnings Per Share [Abstract]

Summary of basic and diluted earnings per share



	For the Three Months Ended				For the Three Months Ended
	May 4, 2019				May 5, 2018
(In thousands, except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount	Income (Numerator)		Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	6,470			$	1,856

Basic EPS from continuing operations
Income available to common
shareholders	6,470		17,645	$0.37	1,856		19,278	$0.10

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards			171				140
Employees' preferred stock⁽¹⁾			34				37

Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	6,470	17,850	$0.36	$	1,856	19,455	$0.10

The weighted shares outstanding reflects the effect of the Company's Board-approved share repurchase programs. The Company repurchased 1,809,112 shares for $80.0 million for the three months ended May 4, 2019 as part of a $125.0 million share repurchase program approved by the Board of Directors in December 2018. With the completion of the $125.0 million share repurchase program, the Board of Directors approved a new $100.0 million share repurchase program in May 2019. Share repurchases of $0.9 million made on the last day of the first quarter of Fiscal 2020, which are included in the $80.0 million above, were made under the new $100.0 million share repurchase program. For the second quarter of Fiscal 2020 through June 12, 2019, the Company has repurchased 862,331 shares for $37.7 million, leaving $61.4 million remaining under its current $100.0 million share repurchase authorization. The Company did not repurchase any shares of common stock for the three months ended May 5, 2018.

Business Segment Information (Tables)

3 Months Ended

May 04, 2019

Segment Reporting [Abstract]

Segment reporting information by segment



Three Months Ended
May 4, 2019	Journeys Group		Schuh Group				Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In Thousands	Journeys Group		Schuh Group				Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	323,972	$	76,844			$	74,734	$	20,086		$	18		$	495,654
Intercompany sales	—		—				—		(3		)	—			(3		)
Net sales to external customers	$	323,972	$	76,844			$	74,734	$	20,083		$	18		$	495,651
Segment operating income (loss)	$	18,976	$	(5,428	)		$	5,106	$	429		$	(10,730	)	$	8,353
Asset impairments and other⁽¹⁾	—		—				—		—			731			731
Operating income (loss)	18,976		(5,428		)		5,106		429			(9,999		)	9,084
Other components of net periodic benefit cost	—		—				—		—			86			86
Interest expense	—		—				—		—			(848		)	(848		)
Interest income	—		—				—		—			1,014			1,014
Earnings (loss) from continuing operations before income taxes	$	18,976	$	(5,428	)		$	5,106	$	429		$	(9,747	)	$	9,336
Total assets⁽²⁾	$	934,349	$	388,989		—	$	209,735	$	20,918		$	262,082		$	1,816,073
Depreciation and amortization⁽³⁾	7,320		3,099				1,626		148			610			12,803
Capital expenditures	3,967		1,673				862		62			177			6,741

⁽¹⁾Asset impairments and other includes a $(1.0) million gain for lease terminations in Schuh Group, partially offset by a $0.3 million charge for asset impairments in Schuh Group.

⁽³⁾Includes $12.8 million in depreciation expense for the three months ended May 4, 2019.

Note 10

Business Segment Information, Continued



Three Months Ended
May 5, 2018	Journeys Group		Schuh Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
In Thousands	Journeys Group		Schuh Group			Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	306,142	80,266			$	75,684	$	24,066		$	62		$	486,220
Intercompany sales	—		—			—		(1		)	—			(1		)
Net sales to external customers	$	306,142	$	80,266		$	75,684	$	24,065		$	62		$	486,219
Segment operating income (loss)	$	12,992	$	(5,640	)	$	4,867	$	276		$	(7,665	)	$	4,830
Asset impairments and other⁽¹⁾	—		—			—		—			(1,118		)	(1,118		)
Operating income (loss)	12,992		(5,640		)	4,867		276			(8,783		)	3,712
Other components of net periodic benefit cost	—		—			—		—			8			8
Interest expense	—		—			—		—			(1,047		)	(1,047		)
Interest income	—		—			—		—			19			19
Earnings (loss) from continuing operations before income taxes	$	12,992	$	(5,640	)	$	4,867	$	276		$	(9,803	)	$	2,692
Total assetsongoing operations	$	446,001	243,921			$	119,854	$	29,520		$	148,851		$	988,147
Assets from discontinued operations														329,278
Total assets ⁽²⁾														$	1,317,425
Depreciation and amortization⁽³⁾	6,795		3,927			1,568		155			804			13,249
Capital expenditures⁽⁴⁾	10,543		2,907			1,470		60			63			15,043

Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended
	May 04, 2019 USD ($) segment store	May 05, 2018 USD ($) segment	Feb. 03, 2019 USD ($)	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)
Summary of Accounting Policies [Line Items]
Total number of retail stores operated by company \| store	1,504
Number of reportable business segments \| segment	4	4
Accrued liability for gift cards	$ 4,300,000	$ 4,200,000		$ 5,100,000
Gift card breakage recognized as revenue	200,000	100,000
Gift card redemptions and gift card breakage revenue	1,600,000
Cash and cash equivalents	156,655,000	30,880,000		167,355,000
Cash equivalents	$ 133,200,000	0		127,200,000
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	$ 25,600,000	6,600,000		29,600,000
Asset retirement obligations	11,000,000	10,900,000		10,900,000
Cost of sales	250,743,000	248,213,000
Advertising costs	13,700,000	14,500,000
Vendor reimbursements of cooperative advertising costs	1,900,000	1,700,000
Net gain (loss) from foreign currency transactions	300,000	300,000
Stockholders' equity, including portion attributable to noncontrolling interest	(662,926,000)	(828,839,000)		(737,551,000)	$ (830,704,000)
Operating lease right of use asset	769,922,000
Operating lease liability	829,190,000
Retained earnings	$ 432,531,000	$ 605,984,000		508,555,000
Effective income tax rate	30.70%	31.10%
Amortization of net actuarial loss and prior service cost	$ 151,000
Selling and Administrative Expenses
Summary of Accounting Policies [Line Items]
Wholesale costs of distribution	1,400,000	$ 1,500,000
Cost of sales	83,200,000	84,500,000
Cooperative advertising costs	700,000	800,000
Accounting Standards Update 2016-02
Summary of Accounting Policies [Line Items]
Operating lease right of use asset			$ 795,600,000
Operating lease liability			855,300,000
Impairment of store operating lease right of use assets			4,800,000
Retained earnings			$ 4,200,000
Accumulated Foreign Currency Adjustment Attributable to Parent, Excluding Intra-Entity Transactions [Member]
Summary of Accounting Policies [Line Items]
Other comprehensive income (loss) before reclassifications	1,439,000
Accumulated Foreign Currency Adjustment Attributable to Parent, Intra-Entity Transactions [Member]
Summary of Accounting Policies [Line Items]
Other comprehensive income (loss) before reclassifications	(359,000)
Foreign Currency Translation
Summary of Accounting Policies [Line Items]
Stockholders' equity, including portion attributable to noncontrolling interest	32,672,000			33,752,000
Amortization of net actuarial loss and prior service cost	0
Unrecognized Pension Postretirement Benefit Costs
Summary of Accounting Policies [Line Items]
Stockholders' equity, including portion attributable to noncontrolling interest	4,296,000			4,184,000
Other comprehensive income (loss) before reclassifications	0
Amortization of net actuarial loss and prior service cost	151,000
Accumulated Other Comprehensive Loss
Summary of Accounting Policies [Line Items]
Stockholders' equity, including portion attributable to noncontrolling interest	36,968,000	36,890,000		37,936,000	$ 29,192,000
Cumulative Pension Liability Adjustment \| Unrecognized Pension Postretirement Benefit Costs
Summary of Accounting Policies [Line Items]
Stockholders' equity, including portion attributable to noncontrolling interest	6,000,000
Cumulative Post-Retirement Liability Adjustment \| Unrecognized Pension Postretirement Benefit Costs
Summary of Accounting Policies [Line Items]
Stockholders' equity, including portion attributable to noncontrolling interest	$ (1,700,000)
Customer Concentration Risk \| Major Customer One \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Concentration risk percentage	19.00%
Customer Concentration Risk \| Major Customer Two \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Concentration risk percentage	9.00%
Customer Concentration Risk \| Major Customer Three \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Concentration risk percentage	8.00%
Customer Concentration Risk \| Major Customer Four \| Trade Accounts Receivable
Summary of Accounting Policies [Line Items]
Concentration risk percentage	7.00%
Foreign Subsidiaries
Summary of Accounting Policies [Line Items]
Cash and cash equivalents	$ 7,700,000	$ 8,600,000		$ 20,800,000

Summary of Significant Accounting Policies - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019
Term Loans \| UK Term Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	$ 8,631	$ 8,970
Fair Value	8,694	9,063
Borrowings \| U.S. Credit Facility Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	59,776	56,773
Fair Value	60,693	56,861
Borrowings \| UK Revolver Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	5,269	0
Fair Value	$ 5,309	$ 0

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) $ in Thousands	3 Months Ended
	May 04, 2019 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 737,551
Amounts reclassified from AOCI:
Amortization of net actuarial loss and prior service cost	(151)
Income tax expense	(39)
Current period other comprehensive income (loss), net of tax	968
Ending Balance	662,926
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(33,752)
Amounts reclassified from AOCI:
Amortization of net actuarial loss and prior service cost	0
Income tax expense	0
Current period other comprehensive income (loss), net of tax	1,080
Ending Balance	(32,672)
Foreign currency translation adjustment
Other comprehensive income (loss) before reclassifications:
Other comprehensive income (loss) before reclassifications	1,439
Loss on intra-entity foreign currency transactions
Other comprehensive income (loss) before reclassifications:
Other comprehensive income (loss) before reclassifications	(359)
Unrecognized Pension Postretirement Benefit Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(4,184)
Other comprehensive income (loss) before reclassifications:
Other comprehensive income (loss) before reclassifications	0
Amounts reclassified from AOCI:
Amortization of net actuarial loss and prior service cost	(151)
Income tax expense	(39)
Current period other comprehensive income (loss), net of tax	(112)
Ending Balance	(4,296)
Total Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(37,936)
Amounts reclassified from AOCI:
Ending Balance	$ (36,968)

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 93,081
Effect of foreign currency exchange rates	374
Goodwill, ending balance	93,455	$ 96,086
Schuh Group
Goodwill [Roll Forward]
Goodwill, beginning balance	83,243
Effect of foreign currency exchange rates	615	(3,900)
Goodwill, ending balance	83,858	86,100
Journeys Group
Goodwill [Roll Forward]
Goodwill, beginning balance	9,838
Effect of foreign currency exchange rates	(241)	(400)
Goodwill, ending balance	$ 9,597	$ 10,000

Goodwill and Other Intangible Assets - Other Intangibles (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Finite-Lived Intangible Assets [Line Items]
Gross other intangibles	$ 2,103	$ 5,623
Accumulated amortization	(1,790)	(4,680)	$ (4,586)
Net Other Intangibles	313	943	$ 1,205
Leases(1)
Finite-Lived Intangible Assets [Line Items]
Gross other intangibles	0	3,532
Accumulated amortization	0	(2,916)
Net Other Intangibles	0	616
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Gross other intangibles	1,457	1,450
Accumulated amortization	(1,457)	(1,450)
Net Other Intangibles	0	0
Other
Finite-Lived Intangible Assets [Line Items]
Gross other intangibles	646	641
Accumulated amortization	(333)	(314)
Net Other Intangibles	$ 313	$ 327

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018	Feb. 02, 2019
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 93,455	$ 96,086	$ 93,081
Amortization of intangibles assets	100	100
Maximum
Finite-Lived Intangible Assets [Line Items]
Future amortization expense, fiscal 2021 (less than)	100
Future amortization expense, fiscal 2022 (less than)	100
Future amortization expense, fiscal 2023 (less than)	100
Future amortization expense, fiscal 2024 (less than)	100
Future amortization expense, fiscal 2025 (less than)	100
Schuh Group
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 83,858	$ 86,100	83,243
Amount of fair value in excess of carrying amount			10,800
Decrease in fair value based on effect of 100 basis point increase in weighted average cost of capital			11,400
Decrease in fair value based on effect of 1% decrease of projected annual revenue growth			$ 7,400

Asset Impairments and Other Charges and Discontinued Operations - Textuals (Details) $ in Thousands		3 Months Ended
	Feb. 02, 2019 USD ($)	May 04, 2019 USD ($) store	Feb. 02, 2019 USD ($)	May 05, 2018 USD ($)
Restructuring Cost and Reserve [Line Items]
Asset impairments and other, net		$ (731)		$ 1,118
Estimated maximum future payments	$ 1,097,721		$ 1,097,721
Provision for discontinued operations		88		31
Lease Termination
Restructuring Cost and Reserve [Line Items]
Asset impairments and other, net		(1,000)
Legal and Other Matters
Restructuring Cost and Reserve [Line Items]
Asset impairments and other, net				200
Retail Store Asset Impairments
Restructuring Cost and Reserve [Line Items]
Asset impairments and other, net		$ 300		1,000
Hurricane Maria
Restructuring Cost and Reserve [Line Items]
(Gain) loss related to hurricane				(100)
Discontinued Operations, Disposed of by Sale
Restructuring Cost and Reserve [Line Items]
Provision for discontinued operations				$ 31
Discontinued Operations, Disposed of by Sale \| Lids Sports Group
Restructuring Cost and Reserve [Line Items]
Proceeds from sale of Lids Sports Group	93,800
Cash received in sale, subject to adjustment	100,000		100,000
Working capital adjustment	$ 6,200		6,200
Number of leases for which the company is a guarantor \| store		68
Estimated maximum future payments		$ 27,800
Loss on sale			98,300
Discontinued Operations, Disposed of by Sale \| Lids Sports Group \| Trademarks
Restructuring Cost and Reserve [Line Items]
Impairment of intangible assets			$ 48,700

Asset Impairments and Other Charges and Discontinued Operations - Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Statement of Operations, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Provision for discontinued operations	$ 88	$ 31
Discontinued Operations, Disposed of by Sale
Statement of Operations, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		158,740
Cost of sales		74,918
Selling and administrative expenses		88,948
Asset impairments and other, net		434
Other components of net periodic benefit cost		(28)
Provision for discontinued operations		31
Loss from discontinued operations before taxes		(5,619)
Income tax benefit		(1,432)
Loss from discontinued operations, net of tax		$ (4,187)

Asset Impairments and Other Charges and Discontinued Operations - Balance Sheet (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Current assets - discontinued operations
Current assets - discontinued operations	$ 0	$ 0	$ 193,145
Long-term assets - discontinued operations
Non-Current assets - discontinued operations	0	0	136,133
Current liabilities - discontinued operations
Current liabilities - discontinued operations	0	0	59,083
Long-term liabilities - discontinued operations
Non-Current liabilities - discontinued operations	$ 0	$ 0	24,802
Discontinued Operations, Disposed of by Sale
Current assets - discontinued operations
Accounts Receivable			9,263
Inventories			169,360
Prepaids and other current assets			14,522
Current assets - discontinued operations			193,145
Long-term assets - discontinued operations
Property and equipment, net			81,267
Trademarks			54,492
Other intangibles			374
Non-Current assets - discontinued operations			136,133
Current liabilities - discontinued operations
Accounts payable			39,643
Accrued employee compensation			2,480
Other accrued liabilities			16,960
Current liabilities - discontinued operations			59,083
Long-term liabilities - discontinued operations
Other long-term liabilities			24,802
Non-Current liabilities - discontinued operations			$ 24,802

Asset Impairments and Other Charges and Discontinued Operations - Statement of Cash Flow (Details) - Discontinued Operations, Disposed of by Sale $ in Thousands	3 Months Ended
	May 05, 2018 USD ($)
Statement of Operations, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization	$ 6,444
Capital expenditures	4,490
Impairment of long-lived assets	$ 249

Asset Impairments and Other Charges and Discontinued Operations - Accrued Provision For Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	May 04, 2019	May 05, 2018	Feb. 02, 2019
Accrued Provision for Discontinued Operations
Additional provision	$ 88	$ 31
Current provision for discontinued operations	0	59,083	$ 0
Total Noncurrent Provision for Discontinued Operations	0	24,802	0
Facility Shutdown Costs
Accrued Provision for Discontinued Operations
Balance at beginning of period	2,399	$ 3,609	3,609
Additional provision	88		743
Charges and adjustments, net	(92)		(1,953)
Balance at end of period	2,395		$ 2,399
Current provision for discontinued operations	484
Total Noncurrent Provision for Discontinued Operations	1,911
Environmental provision for discontinued operations	1,800
Current environmental provision for discontinued operations	$ 500

Inventories (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Inventory Disclosure [Abstract]
Wholesale finished goods	$ 30,302	$ 45,679
Retail merchandise	337,696	320,988
Total Inventories	$ 367,998	$ 366,667	$ 383,115

Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
Fair Value (Details) - USD ($) $ in Thousands	May 04, 2019	May 05, 2018
Company's assets and liabilities measured at fair value on a nonrecurring basis
Total Losses	$ 307	$ 1,274
Fair Value Measurements Nonrecurring
Company's assets and liabilities measured at fair value on a nonrecurring basis
Long-Lived Assets Held and Used	906
Total Losses	307
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
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
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	$ 906

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	May 04, 2019	Feb. 02, 2019	May 05, 2018
Lessee, Lease, Description [Line Items]
Percent of leases that contain renewal options	2.00%
Leases not yet commenced	$ 5.5
Tenant allowances		$ 22.5	$ 23.5
Deferred rent		$ 48.6	$ 45.9
Minimum
Lessee, Lease, Description [Line Items]
Leases not yet commenced, lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Leases not yet commenced, lease term	11 years
United States, Puerto Rico and Canada
Lessee, Lease, Description [Line Items]
Operating lease terms	10 years
United Kingdom, The Republic of Ireland and Germany \| Minimum
Lessee, Lease, Description [Line Items]
Operating lease terms	10 years
United Kingdom, The Republic of Ireland and Germany \| Maximum
Lessee, Lease, Description [Line Items]
Operating lease terms	15 years

Leases - Components of Lease Cost (Details) $ in Thousands	3 Months Ended
Leases - Components of Lease Cost (Details) $ in Thousands	May 04, 2019 USD ($)
Leases [Abstract]
Operating lease cost	$ 46,306
Variable lease cost	3,223
Less: Sublease income	(128)
Net Lease Cost	$ 49,401

Leases - Schedule of Lease Maturity Under Topic 842 (Details) $ in Thousands	May 04, 2019 USD ($)
Leases [Abstract]
May 4, 2019 through February 1, 2020	$ 134,196
2021	170,158
2022	158,015
2023	139,865
2024	118,827
Thereafter	263,762
Total undiscounted future minimum lease payments	984,823
Less: Amounts representing interest	(155,633)
Total Present Value of Operating Lease Liabilities	$ 829,190

Leases - Supplemental Information (Details)	May 04, 2019
Leases [Abstract]
Weighted-average remaining lease term (years)	6 years 6 months
Weighted - average discount rate	5.30%

Leases - Cash Flow Information (Details) $ in Thousands	3 Months Ended
Leases - Cash Flow Information (Details) $ in Thousands	May 04, 2019 USD ($)
Operating cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$ 45,877
Non-cash activity:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 13,632

Leases - Prior Period Comparative Disclosures (Details) $ in Thousands	Feb. 02, 2019 USD ($)
Leases [Abstract]
2020	$ 183,432
2021	171,584
2022	159,155
2023	140,889
2024	119,023
Thereafter	323,638
Total Minimum Rental Commitments	$ 1,097,721

Defined Benefit Pension Plans and Other Benefit Plans (Details) - USD ($)	3 Months Ended
	May 04, 2019	May 05, 2018	Feb. 02, 2019
Amortization:
Total other components of net periodic benefit cost	$ (86,000)	$ (8,000)
Pension Benefits
Components of Net Periodic Benefit Cost
Service cost	162,000	113,000
Interest cost	758,000	754,000
Expected return on plan assets	(731,000)	(1,051,000)
Amortization:
Prior service cost	0	0
Amortization of losses	74,000	189,000
Total other components of net periodic benefit cost	101,000	(108,000)
Net Periodic Benefit Cost	263,000	5,000
Contribution required			$ 0
Other Benefits
Components of Net Periodic Benefit Cost
Service cost	22,000	155,000
Interest cost	38,000	68,000
Expected return on plan assets	0	0
Amortization:
Prior service cost	(230,000)	0
Amortization of losses	5,000	32,000
Total other components of net periodic benefit cost	(187,000)	100,000
Net Periodic Benefit Cost	$ (165,000)	$ 255,000

Earnings Per Share - Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Earnings Per Share [Abstract]
Earnings from continuing operations	$ 6,470	$ 1,856
Basic EPS from continuing operations
Income available to common shareholders, income (numerator)	$ 6,470	$ 1,856
Income available to common shareholders, shares (denominator) (in shares)	17,645,000	19,278,000
Income available to common shareholders, per share amount (in dollars per share)	$ 0.37	$ 0.10
Effect of Dilutive Securities from continuing operations
Dilutive share-based awards, shares (denominator) (in shares)	171,000	140,000
Employees' preferred stock, shares (denominator) (in shares)	34,000	37,000
Diluted EPS from continuing operations
Income available to common shareholders plus assumed conversions, income (numerator)	$ 6,470	$ 1,856
Income available to common shareholders plus assumed conversions, shares (denominator) (in shares)	17,850,000	19,455,000
Diluted earnings per share from continuing operations (in dollars per share)	$ 0.36	$ 0.10
Common convertible ratio (in shares)	1	1

Earnings Per Share - Additional Information (Details) - USD ($)		1 Months Ended	3 Months Ended
	Feb. 02, 2019	Jun. 12, 2019	May 04, 2019	May 05, 2018	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock repurchased during period (in shares)			1,809,112	0
Stock repurchased during period, value	$ 900,000		$ 79,971,000
Stock repurchase program, authorized amount			$ 100,000,000		$ 125,000,000
Subsequent Event
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock repurchased during period (in shares)		862,331
Stock repurchased during period, value		$ 37,700,000
Stock repurchase program, remaining authorized repurchase amount		$ 61,400,000

Legal Proceedings and Other Matters (Details)		1 Months Ended		3 Months Ended
Legal Proceedings and Other Matters (Details)	May 19, 2017 employee	Feb. 28, 2017 USD ($)	Jun. 30, 2016 USD ($)	May 04, 2019 USD ($) Well	May 05, 2018 USD ($)	Feb. 02, 2019 USD ($)	Apr. 30, 2015 USD ($)
Loss Contingencies [Line Items]
Number of water supply wells \| Well				2
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
Amount related to outstanding environmental contingencies				1,800,000	$ 2,900,000	$ 1,800,000
Pretax accrual charges (gains) for environmental contingencies included in provision for discontinued operations				100,000	$ 0
Number of claimants \| employee	2
Pending Litigation
Loss Contingencies [Line Items]
Payment of attorneys fees and administrative costs				400,000
Village of Garden City, New York
Loss Contingencies [Line Items]
Future operation and maintenance costs				126,400
Amount awarded to other party			$ 10,000,000
Chen and Salas vs. Genesco Inc \| Pending Litigation \| Maximum
Loss Contingencies [Line Items]
Amount awarded to other party				800,000
Environmental Monitoring, Operation and Maintenance Activities \| Minimum
Loss Contingencies [Line Items]
Estimated possible loss				1,700,000
Environmental Monitoring, Operation and Maintenance Activities \| Maximum
Loss Contingencies [Line Items]
Estimated possible loss				2,000,000
EPA Interim Oversight Costs
Loss Contingencies [Line Items]
Estimated possible loss				1,250,000
Response Costs Claimed by the EPA
Loss Contingencies [Line Items]
Estimated possible loss							$ 2,200,000
Amount awarded to other party		$ 1,500,000
Estimated recovery percent from settlement		75.00%
Estimated recovery amount from a third party		$ 500,000
Internal Revenue Service (IRS) [Member]
Loss Contingencies [Line Items]
Income Tax Examination, Estimate of Possible Loss				$ 12,300,000

- Definition

Loss Contingency, Estimated Recovery from a Third Party

+ References + Details

- Definition

Loss Contingency, Estimated Recovery from a Third Party, Percent

+ References + Details

Business Segment Information - Additional Information (Details) $ in Thousands	3 Months Ended
	May 04, 2019 USD ($) segment	May 05, 2018 USD ($) segment	Feb. 02, 2019 USD ($)
Segment Reporting Information [Line Items]
Number of reportable business segments \| segment	4	4
Impairment of long-lived assets	$ 307	$ 1,274
Asset impairments and other, net	(731)	1,118
Goodwill	93,455	96,086	$ 93,081
Increase (decrease) in goodwill	374
Long-lived assets	271,300	296,100
Property and equipment	271,320	296,096	277,375
Depreciation expense	12,800	13,200
Capital expenditures	6,741	19,533
United Kingdom
Segment Reporting Information [Line Items]
Long-lived assets	44,500	54,800
Canada
Segment Reporting Information [Line Items]
Long-lived assets	12,000	14,300
Journeys Group
Segment Reporting Information [Line Items]
Goodwill	9,597	10,000	9,838
Increase (decrease) in goodwill	(241)	(400)
Schuh Group
Segment Reporting Information [Line Items]
Goodwill	83,858	86,100	$ 83,243
Increase (decrease) in goodwill	615	(3,900)
Lids Sports Group
Segment Reporting Information [Line Items]
Depreciation expense		6,400
Capital expenditures		4,500
Operating Segments \| Journeys Group
Segment Reporting Information [Line Items]
Asset impairments and other, net	0	0
Capital expenditures	3,967
Operating Segments \| Schuh Group
Segment Reporting Information [Line Items]
Asset impairments and other, net	0	0
Capital expenditures	1,673
Lease Termination
Segment Reporting Information [Line Items]
Asset impairments and other, net	(1,000)
Lease Termination \| Schuh Group
Segment Reporting Information [Line Items]
Asset impairments and other, net	(1,000)
Retail Store Asset Impairments
Segment Reporting Information [Line Items]
Asset impairments and other, net	300	1,000
Retail Store Asset Impairments \| Journeys Group
Segment Reporting Information [Line Items]
Asset impairments and other, net		200
Retail Store Asset Impairments \| Schuh Group
Segment Reporting Information [Line Items]
Asset impairments and other, net	$ 300	800
Legal and Other Matters
Segment Reporting Information [Line Items]
Asset impairments and other, net		200
Hurricane Maria
Segment Reporting Information [Line Items]
Hurricane gains (losses)		$ 100

Business Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018	Feb. 02, 2019
Segment Reporting Information [Line Items]
Sales	$ 495,654	$ 486,220
Intercompany Sales	(3)	(1)
Net sales to external customers	495,651	486,219
Segment operating income (loss)	8,353	4,830
Asset impairments and other	731	(1,118)
Operating income	9,084	3,712
Other components of net periodic benefit cost	86	8
Interest expense	(848)	(1,047)
Interest income	1,014	19
Earnings from continuing operations before income taxes	9,336	2,692
Total assets	1,816,073	1,317,425	$ 1,181,081
Depreciation and amortization	12,803	19,693
Capital expenditures	6,741	19,533
Total assets ongoing operations		988,147
Depreciation and amortization from continuing operations		13,249
Capital expenditures from continuing operations		15,043
Operating Segments
Segment Reporting Information [Line Items]
Total assets		1,317,425
Assets from discontinued operations		329,278
Operating Segments \| Journeys Group
Segment Reporting Information [Line Items]
Sales	323,972	306,142
Intercompany Sales	0	0
Net sales to external customers	323,972	306,142
Segment operating income (loss)	18,976	12,992
Asset impairments and other	0	0
Operating income	18,976	12,992
Other components of net periodic benefit cost	0	0
Interest expense	0	0
Interest income	0	0
Earnings from continuing operations before income taxes	18,976	12,992
Total assets	934,349
Depreciation and amortization	7,320
Capital expenditures	3,967
Total assets ongoing operations		446,001
Depreciation and amortization from continuing operations		6,795
Capital expenditures from continuing operations		10,543
Operating Segments \| Schuh Group
Segment Reporting Information [Line Items]
Sales	76,844	80,266
Intercompany Sales	0	0
Net sales to external customers	76,844	80,266
Segment operating income (loss)	(5,428)	(5,640)
Asset impairments and other	0	0
Operating income	(5,428)	(5,640)
Other components of net periodic benefit cost	0	0
Interest expense	0	0
Interest income	0	0
Earnings from continuing operations before income taxes	(5,428)	(5,640)
Total assets	388,989
Depreciation and amortization	3,099
Capital expenditures	1,673
Total assets ongoing operations		243,921
Depreciation and amortization from continuing operations		3,927
Capital expenditures from continuing operations		2,907
Operating Segments \| Johnston & Murphy Group
Segment Reporting Information [Line Items]
Sales	74,734	75,684
Intercompany Sales	0	0
Net sales to external customers	74,734	75,684
Segment operating income (loss)	5,106	4,867
Asset impairments and other	0	0
Operating income	5,106	4,867
Other components of net periodic benefit cost	0	0
Interest expense	0	0
Interest income	0	0
Earnings from continuing operations before income taxes	5,106	4,867
Total assets	209,735
Depreciation and amortization	1,626
Capital expenditures	862
Total assets ongoing operations		119,854
Depreciation and amortization from continuing operations		1,568
Capital expenditures from continuing operations		1,470
Operating Segments \| Licensed Brands
Segment Reporting Information [Line Items]
Sales	20,086	24,066
Intercompany Sales	(3)	(1)
Net sales to external customers	20,083	24,065
Segment operating income (loss)	429	276
Asset impairments and other	0	0
Operating income	429	276
Other components of net periodic benefit cost	0	0
Interest expense	0	0
Interest income	0	0
Earnings from continuing operations before income taxes	429	276
Total assets	20,918
Depreciation and amortization	148
Capital expenditures	62
Total assets ongoing operations		29,520
Depreciation and amortization from continuing operations		155
Capital expenditures from continuing operations		60
Corporate & Other
Segment Reporting Information [Line Items]
Sales	18	62
Intercompany Sales	0	0
Net sales to external customers	18	62
Segment operating income (loss)	(10,730)	(7,665)
Asset impairments and other	731	(1,118)
Operating income	(9,999)	(8,783)
Other components of net periodic benefit cost	86	8
Interest expense	(848)	(1,047)
Interest income	1,014	19
Earnings from continuing operations before income taxes	(9,747)	(9,803)
Total assets	262,082
Depreciation and amortization	610
Capital expenditures	177
Total assets ongoing operations		148,851
Depreciation and amortization from continuing operations		804
Capital expenditures from continuing operations		63
Retail Store Asset Impairments
Segment Reporting Information [Line Items]
Asset impairments and other	(300)	(1,000)
Retail Store Asset Impairments \| Journeys Group
Segment Reporting Information [Line Items]
Asset impairments and other		(200)
Retail Store Asset Impairments \| Schuh Group
Segment Reporting Information [Line Items]
Asset impairments and other	$ (300)	(800)
Legal and Other Matters
Segment Reporting Information [Line Items]
Asset impairments and other		$ (200)

Label	Element	Value
Accounting Standards Update 2014-09 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 4,413,000
Accounting Standards Update 2014-09 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	4,413,000
Accounting Standards Update 2016-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(4,208,000)
Accounting Standards Update 2016-02 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (4,208,000)