Famous Footwear 2013 Annual Report Download - page 23

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2013 BROWN SHOE COMPANY, INC. FORM 10-K 21
ITEM 2 PROPERTIES
We own our principal executive, sales and administrative oces located in Clayton (“St. Louis”), Missouri.
Our retail footwear operations are conducted throughout the United States, Canada, and Guam and involve the operation
of 1,223 shoe stores, including 88 in Canada. All store locations are leased, with approximately 54% of them having renewal
options. Famous Footwear operates a leased 800,000 square-foot distribution center, including mezzanine levels, in
Lebanon, Tennessee, and a leased 380,000 square-foot distribution center, including a mezzanine level, in Bakersfield,
California. We also operate an owned 150,000 square-foot distribution facility in Perth, Ontario.
Our Wholesale Operations segment leases oce space in New York, New York, where we also maintain showrooms for
our wholesale brands, as well as Bentonville, Arkansas and Doral, Florida. Our Canada wholesale division operates from an
owned building in Perth, Ontario and from leased oce space in Laval, Quebec. We also lease oce space in China, Hong
Kong, Macau, and Italy, and two sample-making facilities in Dongguan, China. The footwear sold through our domestic
Wholesale Operations is processed through a third-party facility in Chino, California.
We own an oce building in Perth, Ontario, which is leased to a third party; a building in Denver, Colorado, which is leased
to a third party; and undeveloped land in Colorado and New York. See Item 3, Legal Proceedings, for further discussion of
certain of these properties.
ITEM 3 LEGAL PROCEEDINGS
We are involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management,
the outcome of such ordinary course business proceedings and litigation currently pending will not have a material adverse
eect on our results of operations or financial position.
We are involved in environmental remediation and ongoing compliance activities at several sites. We are remediating, under
the oversight of Colorado authorities, contamination at and beneath our owned facility in Colorado (also known as the
“Redfield” site) and groundwater and indoor air in residential neighborhoods adjacent to and near the property, which have
been aected by solvents previously used at the site and surrounding facilities. See Note 17 to the consolidated financial
statements for additional information related to the Redfield matter.
Our prior operations included numerous manufacturing and other facilities for which we may have responsibility under
various environmental laws to address conditions that may be identified in the future.
ITEM 4 MINE SAFETY DISCLOSURES
Not applicable. 
PART II
ITEM 5 MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the trading symbol “BWS.” As of February 1, 2014,
we had approximately 3,929 shareholders of record. The following table sets forth the high and low sales prices per share of
our common stock as reported on the NYSE and the dividends paid per share for each fiscal quarter during 2013 and 2012.
2013 2012
Dividends Dividends
Low High Paid Low High Paid
1st Quarter . . . . . . . . . . . . . . . . . $ 15.24 $18.48 $0.07 $8.49 $11 .30 $0.07
2nd Quarter. . . . . . . . . . . . . . . . . 16.62 24.78 0.07 8.28 14.24 0.07
3rd Quarter . . . . . . . . . . . . . . . . . 21.26 24.25 0.07 13.22 16.88 0.07
4th Quarter . . . . . . . . . . . . . . . . . 22.23 28.70 0.07 14.76 19.64 0.07
Restrictions on the Payment of Dividends
Our Third Amended and Restated Credit Agreement (the “Credit Agreement”) and the indenture governing our
7.125% senior notes due in 2019 (the “2019 Senior Notes”) limit the amount of dividends that can be declared and paid.
However, we do not believe this limitation materially restricts the Board of Directors’ ability to declare or our ability to
pay regular quarterly dividends to our common stockholders.
In addition to this limitation, the declaration and payment of dividends and the amount of dividends will depend on our
results of operations, financial conditions, future prospects, and other factors deemed relevant by our Board of Directors.