Financial Information For Company and Its Subsidiaries [Text Block] | 19. The Company's Senior Notes are fully and unconditionally and jointly and severally guaranteed by all of its existing and future subsidiaries that are guarantors under the Credit Agreement, as further discussed in Note 12 not December 13, 2016, October 31, 2018, The condensed consolidating financial statements have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information. Management believes that the information, presented in lieu of complete financial statements for each of the Guarantors, provides meaningful information to allow investors to determine the nature of the assets held by, and operations and cash flows of, each of the consolidated groups. CONDENSED CONSOLIDATING BALANCE SHEET AS OF February 1, 2020 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Assets Current assets: Cash and cash equivalents $ 19,219 $ 3,878 $ 22,121 $ — $ 45,218 Receivables, net 100,997 32,168 29,016 — 162,181 Inventories, net 142,370 435,794 40,242 — 618,406 Prepaid expenses and other current assets 35,576 13,603 7,315 — 56,494 Intercompany receivable - current 260 30 9,072 (9,362 ) — Total current assets 298,422 485,473 107,766 (9,362 ) 882,299 Property and equipment, net 76,587 138,461 9,798 — 224,846 Goodwill and intangible assets, net 106,660 326,565 106,354 — 539,579 Other assets 77,444 10,953 992 — 89,389 Lease right-of-use assets 137,374 528,393 29,827 — 695,594 Investment in subsidiaries 1,572,577 — (26,123 ) (1,546,454 ) — Intercompany receivable - noncurrent 606,648 663,640 809,060 (2,079,348 ) — Total assets $ 2,875,712 $ 2,153,485 $ 1,037,674 $ (3,635,164 ) $ 2,431,707 Liabilities and Equity Current liabilities: Borrowings under revolving credit agreement $ 275,000 $ — $ — $ — $ 275,000 Trade accounts payable 113,484 112,108 41,426 — 267,018 Lease obligations 4,679 116,738 6,452 — 127,869 Other accrued expenses 86,661 73,122 21,280 — 181,063 Intercompany payable - current 5,349 — 4,013 (9,362 ) — Total current liabilities 485,173 301,968 73,171 (9,362 ) 850,950 Other liabilities: Noncurrent lease obligations 145,845 454,343 28,844 — 629,032 Long-term debt 198,391 — — — 198,391 Other liabilities 101,386 1,878 940 — 104,204 Intercompany payable - noncurrent 1,298,967 115,005 665,376 (2,079,348 ) — Total other liabilities 1,744,589 571,226 695,160 (2,079,348 ) 931,627 Equity: Caleres, Inc. shareholders’ equity 645,950 1,280,291 266,163 (1,546,454 ) 645,950 Noncontrolling interests — — 3,180 — 3,180 Total equity 645,950 1,280,291 269,343 (1,546,454 ) 649,130 Total liabilities and equity $ 2,875,712 $ 2,153,485 $ 1,037,674 $ (3,635,164 ) $ 2,431,707 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS FOR THE FISCAL YEAR ENDED February 1, 2020 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ 823,620 $ 2,072,226 $ 264,815 $ (239,099 ) $ 2,921,562 Cost of goods sold 570,273 1,226,445 141,226 (200,742 ) 1,737,202 Gross profit 253,347 845,781 123,589 (38,357 ) 1,184,360 Selling and administrative expenses 239,973 794,046 70,098 (38,357 ) 1,065,760 Restructuring and other special charges, net 11,270 3,517 — — 14,787 Operating earnings 2,104 48,218 53,491 — 103,813 Interest (expense) income (33,126 ) (104 ) 107 — (33,123 ) Other income (expense) 7,934 — (31 ) — 7,903 Intercompany interest income (expense) 10,799 (10,891 ) 92 — — (Loss) earnings before income taxes (12,289 ) 37,223 53,659 — 78,593 Income tax benefit (provision) 1,029 (9,476 ) (8,064 ) — (16,511 ) Equity in earnings (loss) of subsidiaries, net of tax 74,079 — (1,283 ) (72,796 ) — Net earnings 62,819 27,747 44,312 (72,796 ) 62,082 Less: Net loss attributable to noncontrolling interests — — (737 ) — (737 ) Net earnings attributable to Caleres, Inc. $ 62,819 $ 27,747 $ 45,049 $ (72,796 ) $ 62,819 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE FISCAL YEAR ENDED February 1, 2020 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net earnings $ 62,819 $ 27,747 $ 44,312 $ (72,796 ) $ 62,082 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustment — — (607 ) — (607 ) Pension and other postretirement benefits adjustments 76 (131 ) (61 ) — (116 ) Derivative financial instruments 588 7 (79 ) — 516 Other comprehensive loss from investment in subsidiaries (906 ) — — 906 — Other comprehensive loss, net of tax (242 ) (124 ) (747 ) 906 (207 ) Comprehensive income 62,577 27,623 43,565 (71,890 ) 61,875 Comprehensive loss attributable to noncontrolling interests — — (702 ) — (702 ) Comprehensive income attributable to Caleres, Inc. $ 62,577 $ 27,623 $ 44,267 $ (71,890 ) $ 62,577 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE FISCAL YEAR ENDED February 1, 2020 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net cash provided by operating activities $ 26,546 $ 90,612 $ 53,628 $ — $ 170,786 Investing activities Purchases of property and equipment (23,695 ) (18,336 ) (2,502 ) — (44,533 ) Disposals of property and equipment 636 — — — 636 Capitalized software (5,363 ) (256 ) — — (5,619 ) Intercompany investing (421 ) 421 — — — Net cash used for investing activities (28,843 ) (18,171 ) (2,502 ) — (49,516 ) Financing activities Borrowings under revolving credit agreement 288,500 — — — 288,500 Repayments under revolving credit agreement (348,500 ) — — — (348,500 ) Dividends paid (11,422 ) — — — (11,422 ) Acquisition of treasury stock (33,424 ) — — — (33,424 ) Issuance of common stock under share-based plans, net (2,644 ) — — — (2,644 ) Contributions by noncontrolling interests — — 2,500 — 2,500 Other (85 ) (1,257 ) — — (1,342 ) Intercompany financing 129,089 (76,454 ) (52,635 ) — — Net cash provided by (used for) financing activities 21,514 (77,711 ) (50,135 ) — (106,332 ) Effect of exchange rate changes on cash and cash equivalents — — 80 — 80 Increase (decrease) in cash and cash equivalents 19,217 (5,270 ) 1,071 — 15,018 Cash and cash equivalents at beginning of year $ 2 $ 9,148 $ 21,050 $ — 30,200 Cash and cash equivalents at end of year $ 19,219 $ 3,878 $ 22,121 $ — $ 45,218 CONDENSED CONSOLIDATING BALANCE SHEET AS OF February 2, 2019 ($ thousands) Parent Guarantors Non- Guarantors Eliminations Total Assets Current assets: Cash and cash equivalents $ 2 $ 9,148 $ 21,050 $ — $ 30,200 Receivables, net 130,684 32,319 28,719 — 191,722 Inventories, net 175,697 470,610 36,864 — 683,171 Prepaid expenses and other current assets 31,195 32,556 7,603 — 71,354 Intercompany receivable - current 190 42 15,279 (15,511 ) — Total current assets 337,768 544,675 109,515 (15,511 ) 976,447 Property and equipment, net 62,608 157,270 10,906 — 230,784 Goodwill and intangible assets, net 108,884 331,810 109,203 — 549,897 Other assets 68,707 11,824 909 — 81,440 Investment in subsidiaries 1,499,209 — (24,838 ) (1,474,371 ) — Intercompany receivable - noncurrent 597,515 578,821 762,281 (1,938,617 ) — Total assets $ 2,674,691 $ 1,624,400 $ 967,976 $ (3,428,499 ) $ 1,838,568 Liabilities and Equity Current liabilities: Borrowings under revolving credit agreement $ 335,000 $ — $ — $ — $ 335,000 Trade accounts payable 146,400 130,670 39,228 — 316,298 Other accrued expenses 95,498 86,015 20,525 — 202,038 Intercompany payable - current 10,781 — 4,730 (15,511 ) — Total current liabilities 587,679 216,685 64,483 (15,511 ) 853,336 Other liabilities: Long-term debt 197,932 — — — 197,932 Other liabilities 105,689 41,149 5,027 — 151,865 Intercompany payable - noncurrent 1,149,338 115,114 674,165 (1,938,617 ) — Total other liabilities 1,452,959 156,263 679,192 (1,938,617 ) 349,797 Equity: Caleres, Inc. shareholders’ equity 634,053 1,251,452 222,919 (1,474,371 ) 634,053 Noncontrolling interests — — 1,382 — 1,382 Total equity 634,053 1,251,452 224,301 (1,474,371 ) 635,435 Total liabilities and equity $ 2,674,691 $ 1,624,400 $ 967,976 $ (3,428,499 ) $ 1,838,568 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS FOR THE FISCAL YEAR ENDED February 2, 2019 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ 888,234 $ 1,975,219 $ 237,607 $ (266,214 ) $ 2,834,846 Cost of goods sold 619,120 1,157,558 124,037 (222,213 ) 1,678,502 Gross profit 269,114 817,661 113,570 (44,001 ) 1,156,344 Selling and administrative expenses 267,584 760,754 57,428 (44,001 ) 1,041,765 Impairment of goodwill and intangible assets — — 98,044 — 98,044 Restructuring and other special charges, net 9,734 6,400 — — 16,134 Operating (loss) earnings (8,204 ) 50,507 (41,902 ) — 401 Interest (expense) income (19,048 ) (25 ) 796 — (18,277 ) Loss on early extinguishment of debt (186 ) — — — (186 ) Other income (expense) 12,408 — (100 ) — 12,308 Intercompany interest income (expense) 11,436 (11,494 ) 58 — — (Loss) earnings before income taxes (3,594 ) 38,988 (41,148 ) — (5,754 ) Income tax benefit (provision) 1,687 (7,719 ) 6,305 — 273 Equity in loss of subsidiaries, net of tax (3,534 ) — (1,275 ) 4,809 — Net (loss) earnings (5,441 ) 31,269 (36,118 ) 4,809 (5,481 ) Less: Net loss attributable to noncontrolling interests — — (40 ) — (40 ) Net (loss) earnings attributable to Caleres, Inc. $ (5,441 ) $ 31,269 $ (36,078 ) $ 4,809 $ (5,441 ) CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE FISCAL YEAR ENDED February 2, 2019 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net (loss) earnings $ (5,441 ) $ 31,269 $ (36,118 ) $ 4,809 $ (5,481 ) Other comprehensive (loss) income, net of tax: Foreign currency translation adjustment — — (1,224 ) — (1,224 ) Pension and other postretirement benefits adjustments (13,663 ) — (220 ) — (13,883 ) Derivative financial instruments (1,967 ) (38 ) 630 — (1,375 ) Other comprehensive loss from investment in subsidiaries (801 ) — — 801 — Other comprehensive loss, net of tax (16,431 ) (38 ) (814 ) 801 (16,482 ) Comprehensive (loss) income (21,872 ) 31,231 (36,932 ) 5,610 (21,963 ) Comprehensive loss attributable to noncontrolling interests — — (91 ) — (91 ) Comprehensive (loss) income attributable to Caleres, Inc. $ (21,872 ) $ 31,231 $ (36,841 ) $ 5,610 $ (21,872 ) CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE FISCAL YEAR ENDED February 2, 2019 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net cash provided by operating activities $ 21,220 $ 84,546 $ 23,823 $ — $ 129,589 Investing activities Purchases of property and equipment (34,583 ) (25,871 ) (2,029 ) — (62,483 ) Capitalized software (3,962 ) (454 ) — — (4,416 ) Acquisition of Blowfish Malibu, net of cash received (16,792 ) — — — (16,792 ) Acquisition of Vionic, net of cash received (352,666 ) — — — (352,666 ) Intercompany investing (137 ) 137 — — — Net cash used for investing activities (408,140 ) (26,188 ) (2,029 ) — (436,357 ) Financing activities Borrowings under revolving credit agreement 360,000 — — — 360,000 Repayments under revolving credit agreement (25,000 ) — — — (25,000 ) Repayments of capital lease obligation — (406 ) — — (406 ) Dividends paid (11,983 ) — — — (11,983 ) Debt issuance costs (1,298 ) — — — (1,298 ) Acquisition of treasury stock (43,771 ) — — — (43,771 ) Issuance of common stock under share-based plans, net (4,372 ) — — — (4,372 ) Intercompany financing 87,257 (48,804 ) (38,453 ) — — Net cash provided by (used for) financing activities 360,833 (49,210 ) (38,453 ) — 273,170 Effect of exchange rate changes on cash and cash equivalents — — (249 ) — (249 ) (Decrease) increase in cash and cash equivalents (26,087 ) 9,148 (16,908 ) — (33,847 ) Cash and cash equivalents at beginning of year 26,089 — 37,958 — 64,047 Cash and cash equivalents at end of year $ 2 $ 9,148 $ 21,050 $ — $ 30,200 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS FOR THE FISCAL YEAR ENDED February 3, 2018 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ 837,849 $ 1,935,265 $ 211,815 $ (199,345 ) $ 2,785,584 Cost of goods sold 580,038 1,090,354 109,104 (162,561 ) 1,616,935 Gross profit 257,811 844,911 102,711 (36,784 ) 1,168,649 Selling and administrative expenses 246,208 771,027 55,600 (36,784 ) 1,036,051 Restructuring and other special charges, net 3,942 756 217 — 4,915 Operating earnings 7,661 73,128 46,894 — 127,683 Interest (expense) income (17,743 ) (14 ) 432 — (17,325 ) Other income 12,348 — — — 12,348 Intercompany interest income (expense) 8,354 (8,813 ) 459 — — Earnings before income taxes 10,620 64,301 47,785 — 122,706 Income tax provision (24,963 ) (175 ) (10,337 ) — (35,475 ) Equity in earnings (loss) of subsidiaries, net of tax 101,543 — (1,619 ) (99,924 ) — Net earnings 87,200 64,126 35,829 (99,924 ) 87,231 Less: Net earnings attributable to noncontrolling interests — — 31 — 31 Net earnings attributable to Caleres, Inc. $ 87,200 $ 64,126 $ 35,798 $ (99,924 ) $ 87,200 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME FOR THE FISCAL YEAR ENDED February 3, 2018 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net earnings $ 87,200 $ 64,126 $ 35,829 $ (99,924 ) $ 87,231 Other comprehensive income (loss), net of tax: Foreign currency translation adjustment — — 1,116 — 1,116 Pension and other postretirement benefits adjustments 18,855 — (61 ) — 18,794 Derivative financial instruments 1,539 14 (452 ) — 1,101 Other comprehensive income from investment in subsidiaries 544 — — (544 ) — Other comprehensive income, net of tax 20,938 14 603 (544 ) 21,011 Comprehensive income 108,138 64,140 36,432 (100,468 ) 108,242 Comprehensive income attributable to noncontrolling interests — — 104 — 104 Comprehensive income attributable to Caleres, Inc. $ 108,138 $ 64,140 $ 36,328 $ (100,468 ) $ 108,138 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE FISCAL YEAR ENDED February 3, 2018 ($ thousands) Parent Guarantors Non-Guarantors Eliminations Total Net cash provided by operating activities $ 40,601 $ 90,745 $ 60,029 $ — $ 191,375 Investing activities Purchases of property and equipment (9,522 ) (31,159 ) (4,039 ) — (44,720 ) Capitalized software (5,950 ) (483 ) (25 ) — (6,458 ) Intercompany investing (20,224 ) 197,929 (177,705 ) — — Net cash (used for) provided by investing activities (35,696 ) 166,287 (181,769 ) — (51,178 ) Financing activities Borrowings under revolving credit agreement 454,000 — — — 454,000 Repayments under revolving credit agreement (564,000 ) — — — (564,000 ) Dividends paid (12,027 ) — — — (12,027 ) Acquisition of treasury stock (5,993 ) — — — (5,993 ) Issuance of common stock under share-based plans, net (3,816 ) — — — (3,816 ) Intercompany financing 129,021 (266,061 ) 137,040 — — Net cash (used for) provided by financing activities (2,815 ) (266,061 ) 137,040 — (131,836 ) Effect of exchange rate changes on cash and cash equivalents — — 354 — 354 Increase (decrease) in cash and cash equivalents 2,090 (9,029 ) 15,654 — 8,715 Cash and cash equivalents at beginning of year 23,999 9,029 22,304 — 55,332 Cash and cash equivalents at end of year $ 26,089 $ — $ 37,958 $ — $ 64,047 |