10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 30, 2013

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from             to            

Commission File Number: 1-5057

OFFICEMAX INCORPORATED

(Exact name of registrant as specified in its charter)

Delaware	82-0100960
(State or other jurisdiction of incorporation or organization)	(I.R.S Employer Identification No.)
263 Shuman Boulevard Naperville, Illinois	60563
(Address of principal executive offices)	(Zip Code)

(630) 438-7800

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes  x     No   ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes   x     No   ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨   (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     Yes   ¨     No   x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Shares Outstanding as of April 26, 2013
Common Stock, $2.50 par value	87,004,694

TABLE OF CONTENTS

	PART I—FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	25
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	39
Item 4.	Controls and Procedures	40
	PART II—OTHER INFORMATION
Item 1.	Legal Proceedings	41
Item 1A.	Risk Factors	41
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	43
Item 3.	Defaults Upon Senior Securities	43
Item 4.	Mine Safety Disclosures	43
Item 5.	Other Information	43
Item 6.	Exhibits	43

2

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

OfficeMax Incorporated and Subsidiaries

Consolidated Statements of Income

(thousands, except per-share amounts)

	Three Months Ended
	March 30, 2013			March 31, 2012
	(unaudited)
Sales	$	1,766,729		$	1,872,912
Cost of goods sold and occupancy costs		1,307,869			1,390,136
Gross profit		458,860			482,776
Operating expenses
Operating, selling, and general and administrative expenses		435,420			439,662
Other operating expenses (income), net		(78,457	)		25,266
Operating income		101,897			17,848
Interest expense		(16,685	)		(18,364	)
Interest income		10,762			10,819
Other income, net		351			240
Pre-tax income		96,325			10,543
Income tax expense		(38,673	)		(3,629	)
Net income attributable to OfficeMax and noncontrolling interest		57,652			6,914
Joint venture results attributable to noncontrolling interest		(810	)		(1,526	)
Net income attributable to OfficeMax	$	56,842		$	5,388
Preferred dividends		(507	)		(530	)
Net income available to OfficeMax common shareholders	$	56,335		$	4,858
Net income per common share
Basic	$	0.65		$	0.06
Diluted	$	0.64		$	0.06

See accompanying notes to quarterly consolidated financial statements

3

OfficeMax Incorporated and Subsidiaries

Consolidated Statements of Comprehensive Income

(thousands)

	Three Months Ended
	March 30, 2013		March 31, 2012
	(unaudited)
Net income attributable to OfficeMax and noncontrolling interest	$	57,652	$	6,914
Other comprehensive income:
Cumulative foreign currency translation adjustment		1,266		14,744
Pension and postretirement liability adjustment, net of tax		2,739		2,261
Unrealized hedge income (loss), net of tax		—		(84	)
Other comprehensive income		4,005		16,921
Comprehensive income attributable to OfficeMax and noncontrolling interest	$	61,657	$	23,835
Less:
Joint venture results attributable to noncontrolling interest	$	810	$	1,526
Cumulative foreign currency translation adjustment attributable to noncontrolling interest		1,588		2,006
Joint venture comprehensive income attributable to noncontrolling interest	$	2,398	$	3,532
Comprehensive income attributable to OfficeMax	$	59,259	$	20,303

See accompanying notes to quarterly consolidated financial statements

4

OfficeMax Incorporated and Subsidiaries

Consolidated Balance Sheets

(thousands)

	March 30, 2013			December 29, 2012
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	579,156		$	495,056
Receivables, net		558,665			528,279
Inventories		717,126			812,454
Deferred income taxes and receivables		66,255			68,568
Other current assets		74,881			79,527
Total current assets		1,996,083			1,983,884
Property and equipment:
Land and land improvements		39,619			40,404
Buildings and improvements		497,815			501,055
Machinery and equipment		792,651			797,378
Total property and equipment		1,330,085			1,338,837
Accumulated depreciation		(988,186	)		(986,611	)
Net property and equipment		341,899			352,226
Intangible assets, net		80,800			80,765
Investment in Boise Cascade Holdings, L.L.C.		91,693			175,000
Timber notes receivable		817,500			817,500
Deferred income taxes		73,476			108,759
Other non-current assets		222,960			266,181
Total assets	$	3,624,411		$	3,784,315

See accompanying notes to quarterly consolidated financial statements

5

OfficeMax Incorporated and Subsidiaries

Consolidated Balance Sheets

(thousands, except share and per-share amounts)

	March 30, 2013			December 29, 2012
	(unaudited)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	591,949		$	699,636
Income tax payable		3,896			4,222
Accrued expenses and other current liabilities:
Compensation and benefits		94,934			122,662
Other		229,790			219,889
Current portion of debt		10,607			10,232
Total current liabilities		931,176			1,056,641
Long-term debt, less current portion		226,552			225,962
Non-recourse debt		735,000			735,000
Other long-term items:
Compensation and benefits obligations		360,488			365,568
Deferred gain on sale of assets		94,185			179,757
Other long-term liabilities		134,402			142,397
Noncontrolling interest in joint venture		49,160			44,617
OfficeMax shareholders’ equity:
Preferred stock—no par value; 10,000,000 shares authorized; Series D ESOP: $.01 stated value; 608,565 and 608,693 shares outstanding		27,385			27,391
Common stock—$2.50 par value; 200,000,000 shares authorized; 86,984,543 and 86,883,521 shares outstanding		217,461			217,209
Additional paid-in capital		1,019,248			1,018,667
Accumulated deficit		(35,542	)		(91,373	)
Accumulated other comprehensive loss		(135,104	)		(137,521	)
Total OfficeMax shareholders’ equity		1,093,448			1,034,373
Total liabilities and shareholders’ equity	$	3,624,411		$	3,784,315

See accompanying notes to quarterly consolidated financial statements

6

OfficeMax Incorporated and Subsidiaries

Consolidated Statements of Cash Flows

(thousands)

	Three Months Ended
	March 30, 2013			March 31, 2012
	(unaudited)
Cash provided by operations:
Net income attributable to OfficeMax and noncontrolling interest	$	57,652		$	6,914
Non-cash items in net income:
Deferred gain from investment in Boise Cascade Holdings, L.L.C.		(85,572	)		—
Depreciation and amortization		18,356			19,091
Pension and other postretirement benefits expense		83			180
Deferred income tax expense		34,369			14,137
Other		834			25,165
Changes in operating assets and liabilities:
Receivables		(20,468	)		25,580
Inventories		98,503			79,894
Accounts payable and accrued liabilities		(117,353	)		(51,069	)
Current and deferred income taxes		231			(15,677	)
Collection of dividends receivable related to investment in Boise Cascade Holdings, L.L.C.		46,137			—
Other		88			(17,707	)
Cash provided by operations		32,860			86,508
Cash provided by (used for) investment:
Expenditures for property and equipment		(28,363	)		(15,532	)
Return of investment in Boise Cascade Holdings, L.L.C.		83,307			—
Proceeds from sales of assets		3,438			1,591
Other		(997	)		—
Cash provided by (used for) investment		57,385			(13,941	)
Cash used for financing:
Cash dividends paid:
Common stock		(1,738	)		—
Preferred stock		(2	)		—
Borrowings (payments) of short-term debt, net		(33	)		1,485
Borrowings of long-term debt		1,659			—
Payments of long-term debt		(1,128	)		(989	)
Proceeds from exercise of stock options		532			196
Payments related to other share-based compensation		—			(1,117	)
Other		(4,660	)		67
Cash used for financing		(5,370	)		(358	)
Effect of exchange rates on cash and cash equivalents		(775	)		2,009
Increase in cash and cash equivalents		84,100			74,218
Balance at beginning of the period		495,056			427,111
Balance at end of the period	$	579,156		$	501,329

See accompanying notes to quarterly consolidated financial statements

7

Notes to Quarterly Consolidated Financial Statements (unaudited)

1. Basis of Presentation

Nature of Operations

OfficeMax Incorporated (“OfficeMax,” the “Company,” “we” or “our”) is a leader in both business-to-business and retail office products distribution. The Company provides office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products to large, medium and small businesses, government offices and consumers. OfficeMax customers are served by approximately 29,000 associates through direct sales, catalogs, the Internet and a network of retail stores located throughout the United States, Canada, Australia, New Zealand and Mexico.

The accompanying quarterly consolidated financial statements include the accounts of OfficeMax and all majority-owned subsidiaries, except our 88%-owned subsidiary that formerly owned assets in Cuba that were confiscated by the Cuban government in the 1960s, which is accounted for as an investment due to various asset restrictions. We also consolidate the variable interest entities in which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. These financial statements are for the thirteen-week period ended on March 30, 2013 (also referred to as the “first quarter of 2013” or the “three months ended March 30, 2013”) and the thirteen-week period ended on March 31, 2012 (also referred to as the “first quarter of 2012” or the “three months ended March 31, 2012”). The Company’s fiscal year ends on the last Saturday in December. Due primarily to statutory requirements, the Company’s international businesses maintain fiscal years with December 31 year-ends, with the exception of Grupo OfficeMax S. de R.L. de C.V. (“Grupo OfficeMax”), our majority-owned joint-venture in Mexico, for which the fiscal year-end is the last Saturday in December beginning with the 2012 fiscal year. Grupo OfficeMax reported one month in arrears in the first quarter of 2012. This practice was discontinued in the fourth quarter of 2012, resulting in fiscal year 2012 including 13 months for Grupo OfficeMax. This change in accounting policy did not have a material impact on the Company’s financial statements.

The Company manages its business using three reportable segments: OfficeMax, Contract (“Contract segment” or “Contract”); OfficeMax, Retail (“Retail segment” or “Retail”); and Corporate and Other. Management reviews the performance of the Company based on these segments. We present information pertaining to our segments in Note 13, “Segment Information”.

The Company has prepared the quarterly consolidated financial statements included herein pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Some information and note disclosures, which would normally be included in comprehensive annual financial statements prepared in accordance with accounting principles generally accepted in the United States, have been condensed or omitted pursuant to those SEC rules and regulations. These quarterly consolidated financial statements should be read together with the consolidated financial statements and the accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 29, 2012.

The quarterly consolidated financial statements included herein have not been audited by an independent registered public accounting firm, but in the opinion of management, include all adjustments necessary to present fairly the results for the periods indicated. Except as disclosed within these “Notes to Quarterly Consolidated Financial Statements (unaudited),” the adjustments made were of a normal, recurring nature. Quarterly results are not necessarily indicative of results which may be expected for a full year.

Recently Issued or Newly Adopted Accounting Standards

In February 2013, the FASB issued guidance which expands disclosure requirements for other comprehensive income. The guidance requires the reporting of the effect of the reclassification of items out of accumulated other comprehensive income on each affected net income line item. The guidance is effective for

8

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

interim and annual periods beginning on or after December 15, 2012 and is to be applied prospectively. This guidance, which was adopted for the first quarter of 2013, affects the presentation of certain elements of the Company’s financial statements, but these changes in presentation did not have a material impact on those financial statements.

2. Merger Agreement

On February 20, 2013, OfficeMax entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Office Depot, Inc. (“Office Depot”), Dogwood Merger Sub Inc., a wholly owned direct subsidiary of Office Depot (“Merger Sub Two”), Dogwood Merger Sub LLC, a wholly owned direct subsidiary of Office Depot (“Merger Sub Three”), Mapleby Holdings Merger Corporation, a wholly owned direct subsidiary of OfficeMax (“New OfficeMax”), and Mapleby Merger Corporation, a wholly owned direct subsidiary of New OfficeMax (“Merger Sub One”), pursuant to which, through a series of transactions, OfficeMax will become an indirect wholly-owned subsidiary of Office Depot and OfficeMax stockholders will become stockholders of Office Depot. Upon the terms and subject to the conditions set forth in the Merger Agreement, (i) Merger Sub One will be merged with and into OfficeMax (the “First Merger”), and OfficeMax will continue as the surviving corporation and become a wholly owned subsidiary of New OfficeMax, (ii) OfficeMax will be converted into a Delaware limited liability company (the “LLC Conversion”), (iii) Merger Sub Two will be merged with and into New OfficeMax (the “Second Merger”), and New OfficeMax will continue as the surviving corporation and become a wholly owned subsidiary of Office Depot, and (iv) New OfficeMax will be merged with and into Merger Sub Three (the “Third Merger” and, together with the First Merger, the LLC Conversion and the Second Merger, the “Merger Transactions”), and Merger Sub Three will continue as the surviving limited liability company. Upon completion of the Transactions, OfficeMax will be a wholly owned direct subsidiary of Merger Sub Three, and Merger Sub Three, in turn, will be a wholly owned direct subsidiary of Office Depot. The First Merger and the LLC Conversion, taken together, and the Second Merger and the Third Merger, taken together, are each intended to constitute a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended.

At the effective time of the First Merger, each share of OfficeMax common stock issued and outstanding immediately prior to the effective time of the First Merger will be converted into one share of common stock of New OfficeMax. Each of OfficeMax and New OfficeMax will take all actions as may be necessary so that at the effective time of the First Merger, each OfficeMax stock option and each other OfficeMax stock-based award will, automatically and without any action on behalf of the holder thereof, be converted into a stock option or award, as the case may be, denominated in, or measured in whole or in part by the value of, shares of capital stock of New OfficeMax.

At the effective time of the Second Merger, each share of New OfficeMax common stock issued and outstanding immediately prior to the effective time of the Second Merger (excluding any shares held by Office Depot, Merger Sub Two or in treasury, which shares will be cancelled and no payment will be made with respect to such shares) will be converted into the right to receive 2.69 shares of Office Depot common stock (the “exchange ratio”), together with cash in lieu of fractional shares, if any, and unpaid dividends and distributions, if any, pursuant to the Merger Agreement.

The exchange ratio is fixed and will not be adjusted for changes in the market value of shares of Office Depot common stock or OfficeMax common stock. Because the exchange ratio was fixed at the time the Merger Agreement was executed and because the market value of Office Depot common stock and OfficeMax common stock will fluctuate during the pendency of the transactions, OfficeMax stockholders cannot be sure of the value of the shares of Office Depot common stock they will receive relative to the value of their shares of OfficeMax common stock.

9

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

Prior to the closing of the Merger Transactions (the “Closing”), OfficeMax will redeem each issued and outstanding share of OfficeMax Series D preferred stock for shares of OfficeMax common stock (excluding any shares of OfficeMax Series D preferred stock surrendered by the holder for conversion) in accordance with the Certificate of Designation for the OfficeMax Series D preferred stock. The shares of OfficeMax common stock issued upon such redemption or conversion will then be converted at the effective time of the Second Merger into the right to receive shares of Office Depot common stock in accordance with the exchange ratio, together with cash in lieu of fractional shares, if any, and unpaid dividends and distributions, if any, pursuant to the Merger Agreement.

In connection with the Second Merger, each outstanding New OfficeMax stock option will be converted into an option to purchase, on the same terms and conditions as the New OfficeMax stock option, a number of shares of Office Depot common stock that is equal to the number of shares of New OfficeMax common stock subject to the New OfficeMax stock option multiplied by the exchange ratio, at an exercise price per share of Office Depot common stock equal to the exercise price per share of New OfficeMax common stock subject to the New OfficeMax stock option divided by the exchange ratio. Each other New OfficeMax stock-based award will be converted as a result of the Second Merger into an award, on the same terms and conditions as the New OfficeMax stock-based award, with respect to a number of shares of Office Depot common stock that is equal to the number of shares of New OfficeMax common stock underlying such New OfficeMax stock-based award multiplied by the exchange ratio, except that any then outstanding New OfficeMax stock-based awards that vest based on the attainment of performance goals with a performance period that has not completed prior to the closing date will be converted into time-based awards that will vest at target levels at the originally scheduled vesting date, subject to any accelerated vesting upon a qualifying termination of employment in accordance with the terms of the 2003 OfficeMax Incentive and Performance Plan.

The Closing is subject to various conditions, including (i) approval of OfficeMax’s stockholders; (ii) approval of Office Depot’s stockholders; (iii) the expiration or earlier termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (iv) receipt of approvals or clearances required under the Canadian Competition Act and the Mexican Federal Law on Economic Competition; (v) there being no law or injunction, or agreement with a governmental authority under any antitrust laws, prohibiting consummation of the Merger Transactions; (vi) the effectiveness of a registration statement on Form S-4 under the Securities Act of 1933, as amended, with respect to shares of Office Depot common stock to be issued pursuant to the Merger Agreement; (vii) approval for listing such shares on the New York Stock Exchange upon completion of the Second Merger; (viii) subject to certain exceptions, the accuracy of the representations and warranties of the parties; (ix) compliance by the parties in all material respects with their respective obligations and covenants; (x) the delivery of opinions from counsel to each of OfficeMax and Office Depot that the Merger Transactions will qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended; and (xi) the absence of a material adverse effect. In addition, OfficeMax’s obligation to consummate the Merger Transactions is subject to the completion of certain transactions by and with the holder of Office Depot’s convertible preferred stock.

The Merger Agreement contains certain termination rights in favor of OfficeMax and Office Depot, including if the Merger Transactions are not completed on or before December 31, 2013 (which date will be automatically extended to April 30, 2014 if certain conditions to Closing related to antitrust approvals have not been satisfied) and if the approval of the stockholders of either OfficeMax or Office Depot is not obtained. The Merger Agreement also provides that, upon termination of the Merger Agreement under certain circumstances, including termination of the Merger Agreement by OfficeMax or Office Depot as a result of an adverse change of recommendation of the other party’s board of directors, OfficeMax may be required to pay Office Depot, or Office Depot may be required to pay OfficeMax, a termination fee of $30 million.

During the first quarter of 2013, we recorded $6.9 million of expenses related to the proposed Merger Transactions which are included in other operating expenses, net in the Consolidated Statements of Income.

10

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

3. Facility Closure Reserves

We conduct regular reviews of our real estate portfolio to identify underperforming facilities, and close those facilities that are no longer strategically or economically beneficial. We record a liability for the cost associated with a facility closure at its estimated fair value in the period in which the liability is incurred, primarily the location’s cease-use date. Upon closure, unrecoverable costs are included in facility closure reserves and include provisions for the present value of future lease obligations, less contractual or estimated sublease income. These facility closure charges are included in other operating expenses (income), net in the Consolidated Statements of Income. Accretion expense is recognized over the life of the required payments and is included in operating, selling, and general and administrative expenses in the Consolidated Statements of Income.

During the first three months of 2012, we recorded facility closure charges of $25.3 million in our Retail segment primarily related to the closure of 15 underperforming domestic stores prior to the end of their lease terms. There were no such charges recorded in the first quarter of 2013.

Facility closure reserve account activity during the first three months of 2013 was as follows:

	Total
	(thousands)
Balance at December 29, 2012	$	74,643
Cash payments		(7,540	)
Accretion		562
Balance at March 30, 2013	$	67,665

Reserve balances were classified in the Consolidated Balance Sheets as follows:

	March 30, 2013
	(thousands)
Accrued expenses and other current liabilities - Other	$	21,439
Other long-term liabilities		46,226
Total	$	67,665

The facilities closure reserve consisted of the following:

	March 30, 2013
	(thousands)
Estimated future lease obligations	$	116,207
Less: anticipated sublease income		(48,542	)
Total	$	67,665

4. Severance and Other Charges

Over the past few years, we have incurred significant charges related to Company personnel restructuring and reorganizations. There were no such charges in the first quarters of 2013 or 2012.

As of March 30, 2013, $4.0 million of the severance charges remain unpaid and are included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

11

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

5. Timber Notes/Non-Recourse Debt

In October 2004, we sold our timberland assets in exchange for $15 million in cash plus credit-enhanced timber installment notes in the amount of $1,635 million (the “Installment Notes”). The Installment Notes were issued by single-member limited liability companies formed by affiliates of Boise Cascade, L.L.C. (the “Note Issuers”). The Installment Notes are 15-year non-amortizing obligations and were issued in two equal $817.5 million tranches bearing interest at 5.11% and 4.98%, respectively. In order to support the issuance of the Installment Notes, the Note Issuers transferred a total of $1,635 million in cash to Lehman Brothers Holdings Inc. (“Lehman”) and Wells Fargo & Company (“Wells”) (which at the time was Wachovia Corporation) ($817.5 million to each of Lehman and Wells). Lehman and Wells issued collateral notes (the “Collateral Notes”) to the Note Issuers. Concurrently with the issuance of the Installment and Collateral Notes, Lehman and Wells guaranteed the respective Installment Notes and the Note Issuers pledged the Collateral Notes as security for the performance of the Installment Note obligations.

In December 2004, we completed a securitization transaction in which the Company’s interests in the Installment Notes and related guarantees were transferred to wholly-owned bankruptcy remote subsidiaries. The subsidiaries pledged the Installment Notes and related guarantees and issued securitized notes (the “Securitization Notes”) in the amount of $1,470 million ($735 million through the structure supported by the Lehman guaranty and $735 million through the structure supported by the Wells guaranty). As a result of these transactions, we received $1,470 million in cash. Recourse on the Securitization Notes is limited to the proceeds of the applicable pledged Installment Notes and underlying Lehman or Wells guaranty, and therefore there is no recourse against OfficeMax. The Securitization Notes are 15-year non-amortizing, and were issued in two equal $735 million tranches paying interest of 5.54% and 5.42%, respectively. The Securitization Notes are reported as non-recourse debt in the Company’s Consolidated Balance Sheets.

On September 15, 2008, Lehman, the guarantor of half of the Installment Notes and the Securitization Notes, filed a petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under chapter 11 of the United States Bankruptcy Code. Lehman’s bankruptcy filing constituted an event of default under the $817.5 million Installment Note guaranteed by Lehman (the “Lehman Guaranteed Installment Note”). During the third quarter of 2012, we entered into an agreement that extinguished the Securitization Notes guaranteed by Lehman. Upon effectiveness of the agreement, the trustee for the Securitization Note holders released OfficeMax and its affiliates from the non-recourse liabilities following the transfer from OfficeMax to the trustee for the Securitization Note holders of the claims arising from the bankruptcy, the Lehman Guaranteed Installment Note and the related guaranty.

At the time of the sale of the timberlands in 2004, we generated a tax gain and recognized the related deferred tax liability. The timber installment notes structure allowed the Company to defer the resulting tax liability of $529 million until 2020, the maturity date for the Installment Notes. In the third quarter of 2012, as a result of the agreement transferring our rights to the remaining receivable and the extinguishment of Securitization Notes guaranteed by Lehman, $269 million of the deferred tax gain was recognized. At March 30, 2013, the remaining deferred tax gain of $260 million is related to the Installment Notes guaranteed by Wells (the “Wells Guaranteed Installment Notes”), and will be recognized upon maturity.

Through March 30, 2013, we have received all payments due under the Wells Guaranteed Installment Notes, which have consisted only of interest due on the notes, and have made all payments due on the related Securitization Notes guaranteed by Wells, again consisting only of interest due. As all amounts due on the Wells Guaranteed Installment Notes are current and we have no reason to believe that we will not be able to collect all amounts due according to the contractual terms of the Wells Guaranteed Installment Notes, the notes are reflected in our Consolidated Balance Sheets at their original principal amount of $817.5 million. The Wells Guaranteed Installment Notes and related Securitization Notes are scheduled to mature in 2020 and 2019,

12

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

respectively. The Securitization Notes have an initial term that is approximately three months shorter than the Wells Guaranteed Installment Notes.

6. Net Income Per Common Share

Basic net income per common share is calculated using net income available to holders of our common stock divided by the weighted average number of shares of common stock outstanding during the applicable periods presented. Diluted net income per common share is similar to basic net income per common share except that the weighted average number of shares of common stock outstanding is increased to include, if their inclusion is dilutive, the number of additional shares of common stock that would have been outstanding assuming the issuance of all potentially dilutive shares, such as common stock to be issued upon the exercise of stock options, the vesting of restricted stock units, and the conversion of outstanding preferred stock. Net income per common share was determined by dividing net income, as adjusted, by weighted average shares outstanding as follows:

	Three Months Ended
	March 30, 2013		March 31, 2012
	(thousands, except per- share amounts)
Net income available to OfficeMax common shareholders	$	56,335	$	4,858
Average shares—basic		86,902		86,341
Net income available to OfficeMax common shareholders per common share:
Basic	$	0.65	$	0.06

	Three Months Ended
	March 30, 2013		March 31, 2012
	(thousands, except per- share amounts)
Net income available to OfficeMax common shareholders	$	56,335	$	4,858
Average shares—basic		86,902		86,341
Restricted stock, stock options, preferred share conversion and other(a)(b)		1,396		985
Average shares—diluted		88,298		87,326
Diluted net income attributable to OfficeMax per common share:
Diluted	$	0.64	$	0.06

(a) The assumed conversion of outstanding preferred stock was anti-dilutive in all periods presented, and therefore no adjustment was required to determine diluted net income from continuing operations or average shares-diluted.

(b) Options to purchase 2.3 million and 3.3 million shares of common stock were outstanding during the first three months of 2013 and 2012, respectively, but were not included in the computation of diluted income per common share because the impact would have been anti-dilutive as the option price was higher than the average market price during those periods.

13

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

7. Income Taxes

The Company and its subsidiaries file income tax returns in the U.S. Federal jurisdiction, and multiple state and foreign jurisdictions. Years prior to 2010 are no longer subject to U.S. Federal income tax examination. During the first quarter of 2013, the Company received notice that all audit work related to U.S. federal income tax returns for the years 2006 through 2009 is complete and closed. The Company is no longer subject to state income tax examinations by tax authorities in its major state jurisdictions for years before 2003, and the Company is no longer subject to income tax examinations prior to 2005 for its major foreign jurisdictions.

As discussed in Note 5, “Timber Notes/Non-Recourse Debt,” at the time of the sale of the timberlands in 2004, we generated a tax gain and recognized the related deferred tax liability. The timber installment notes structure allowed the Company to defer the resulting tax liability until 2020, the maturity date for the Installment Notes. As the tax gain associated with the Lehman Guaranteed Installment Note was recognized in 2012, the remaining tax liability of $260 million at March 30, 2013, is related to the Wells Guaranteed Installment Notes and will be recognized when the Wells Guaranteed Installment Notes are paid.

As of March 30, 2013, the Company had $6.3 million of total unrecognized tax benefits, $6.2 million of which would affect the Company’s effective tax rate if recognized. Any future adjustments would result from the effective settlement of tax positions with various tax authorities. The Company does not anticipate any tax settlements to occur within the next twelve months. The reconciliation of the beginning and ending unrecognized tax benefits is as follows:

	Amount
	(thousands)
Unrecognized gross tax benefits balance at December 29, 2012	$	6,337
Increase related to prior year tax positions		15
Decrease related to prior year tax positions		(5	)
Settlements		(2	)
Unrecognized tax benefits balance at March 30, 2013	$	6,345

During the first three months of 2013 and 2012, cash payments, net of refunds received, for income taxes were as follows:

	2013		2012
	(thousands)
Cash tax payments, net	$	4,073	$	5,169

8. Investment in Boise Cascade Holdings, L.L.C.

In connection with the sale of the paper, forest products and timberland assets in 2004, we invested $175 million in affiliates of Boise Cascade, L.L.C. Due to restructurings conducted by those affiliates, our investment is currently in Boise Cascade Holdings, L.L.C., a building products company.

Our investment in Boise Cascade Holdings, L.L.C. (the “Boise Investment”) is accounted for under the cost method, as Boise Cascade Holdings, L.L.C. does not maintain separate ownership accounts for its members’ interests, and we do not have the ability to significantly influence the operating and financial policies of Boise Cascade Holdings, L.L.C. In exchange for investing in Boise Cascade Holdings, L.L.C., we received voting securities and non-voting securities.

A subsidiary of Boise Cascade Holdings, L.L.C., Boise Cascade, L.L.C., filed a registration statement with the SEC in November 2012 to register stock for an initial public offering (the “Boise IPO”). Boise Cascade, L.L.C.

14

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

completed the Boise IPO on February 11, 2013 and became Boise Cascade Company. In connection with the Boise IPO, Boise Cascade Holdings, L.L.C.’s equity interest in Boise Cascade, L.L.C. was automatically exchanged for 29.7 million shares of common stock of Boise Cascade Company. Subsequent to the Boise IPO, Boise Cascade Holdings, L.L.C. executed a Fourth Amended and Restated Operating Agreement on February 26, 2013, pursuant to which Boise Cascade Holdings, L.L.C.’s existing Series B and Series C common units were exchanged for newly issued common units of Boise Cascade Holdings L.L.C., after which OfficeMax owns 5.9 million of the outstanding 29.7 million common units of Boise Cascade Holdings, L.L.C., representing a 20.01% ownership interest in Boise Cascade Holdings, L.L.C.

The non-voting securities of Boise Cascade Holdings, L.L.C. were redeemed at the original investment amount of $66 million in February 2013. Prior to the redemption, the non-voting securities accrued dividends daily at the rate of 8% per annum on the liquidation value plus the accumulated dividends. These dividends accumulated semiannually to the extent not paid in cash on the last day of June and December. The accumulated dividend receivable of $46.1 million was also collected in February 2013. Our policy was to record the income associated with these dividends as a reduction of operating, selling and general and administrative expenses in the Consolidated Statements of Income, and we recognized dividend income of $1.0 million and $2.1 million during the first three months of 2013 and 2012, respectively.

The income associated with the dividends on the non-voting equity securities ceased in the first quarter of 2013 as a result of the redemption of those securities. The voting securities do not accrue dividends. However, in February 2013, we received a distribution of $17.3 million related to the voting equity securities, which was recorded as a reduction in the carrying value of the Boise Investment. In April of 2013, we received an additional distribution of $4.4 million.

The Boise Investment represented a continuing involvement in the operations of the business we sold in 2004. Therefore, $179.8 million of gain realized from the sale was deferred. The redemption of the non-voting equity securities, as well as the distribution related to the voting equity securities, triggered recognition of a pre-tax operating gain of $85.6 million. The gain was reported, net of fees, as $85.4 million of income in operating expenses (income), net in the Consolidated Statements of Income. The remaining $94.2 million of deferred gain attributable to the voting equity securities will be recognized in earnings as the Company’s investment is reduced.

As of March 30, 2013, based on the trading value of the publicly traded shares of Boise Cascade Company on that date, there was no indication of impairment of the Boise Investment.

9. Debt

Credit Agreements

On October 7, 2011, the Company entered into a Second Amended and Restated Loan and Security Agreement (the “Credit Agreement”) with a group of banks. The Credit Agreement permits the Company to borrow up to a maximum of $650 million, of which $50 million is allocated to the Company’s Canadian subsidiary and $600 million is allocated to the Company and its other participating U.S. subsidiaries, in each case subject to a borrowing base calculation that limits availability to a percentage of eligible trade and credit card receivables plus a percentage of the value of eligible inventory less certain reserves. The Credit Agreement may be increased (up to a maximum of $850 million) at the Company’s request and the approval of the lenders participating in the increase, or may be reduced from time to time at the Company’s request, in each case according to the terms detailed in the Credit Agreement. Letters of credit, which may be issued under the Credit Agreement up to a maximum of $250 million, reduce available borrowing capacity. At the end of the first quarter of 2013, the Company was in compliance with all covenants under the Credit Agreement. The Credit Agreement will expire on October 7, 2016.

15

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

Borrowings under the Credit Agreement are subject to interest at rates based on either the prime rate, the federal funds rate, LIBOR or the Canadian Dealer Offered Rate. An additional percentage, which varies depending on the level of average borrowing availability, is added to the applicable rates. Fees on letters of credit issued under the Credit Agreement are charged at rates between 1.25% and 2.25% depending on the type of letter of credit (i.e., stand-by or commercial) and the level of average borrowing availability. The Company is also charged an unused line fee of between 0.375% and 0.5% on the amount by which the maximum available credit exceeds the average daily outstanding borrowings and letters of credit. The fees on letters of credit were 1.75% and the unused line fee was 0.5% at the end of the first quarter of 2013.

Availability under the Credit Agreement at the end of the first quarter of 2013 was as follows:

	Total
	(millions)
Maximum aggregate available borrowing amount	$	598.5
Less: Stand-by letters of credit		38.0
Amount available for borrowing	$	560.5

There were no borrowings under the Company’s Credit Agreement during the first three months of 2013.

Other

At the end of the first quarter of 2013, Grupo OfficeMax had total outstanding borrowings of $10.6 million. This included $2.2 million outstanding under a 60-month installment note due in the first quarter of 2014 and $2.1 million outstanding under a 54-month installment note due in the third quarter of 2014. Payments on the installment loans are made monthly. The remaining $6.3 million of borrowings is a simple revolving loan. Recourse on the Grupo OfficeMax loans is limited to Grupo OfficeMax. The installment loan maturing in the third quarter of 2014 is secured by certain owned property of Grupo OfficeMax. All other Grupo OfficeMax loan facilities are unsecured.

Cash Paid for Interest

Cash payments for interest were $4.5 million and $4.8 million during the first three months of 2013 and 2012, respectively. There were no interest payments related to the Securitization Notes for the first three months of 2013 and 2012.

16

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

10. Financial Instruments, Derivatives and Hedging Activities

Fair Value of Financial Instruments

The carrying amounts of cash and cash equivalents, trade accounts receivable, other assets (non-derivatives), short-term borrowings and trade accounts payable approximate fair value because of the short maturity of these instruments. The following table presents the carrying amounts and estimated fair values of the Company’s other financial instruments at March 30, 2013 and December 29, 2012. The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties.

	March 30, 2013
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total
	(thousands)
Financial assets:
Timber notes receivable - Wells	$	—	$	973,539	$	—	$	973,539	$	817,500
Boise Investment	$	—	$	206,854	$	—	$	206,854	$	91,693
Financial liabilities:
Recourse debt	$	83,435	$	150,770	$	—	$	234,205	$	237,159
Non-recourse debt - Wells	$	—	$	892,420	$	—	$	892,420	$	735,000
	December 29, 2012
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total
	(thousands)
Financial assets:
Timber notes receivable - Wells	$	—	$	986,365	$	—	$	986,365	$	817,500
Financial liabilities:
Recourse debt	$	—	$	229,431	$	—	$	229,431	$	236,194
Non-recourse debt - Wells	$	—	$	903,912	$	—	$	903,912	$	735,000

In establishing a fair value, there is a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The basis of the fair value measurement is categorized in three levels, in order of priority, described as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2: Quoted prices in markets that are not active, or financial instruments for which all significant inputs are observable either directly or indirectly.

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable thus reflecting assumptions about the market participants.

The carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions. The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

• Timber notes receivable: Timber notes receivable as of March 30, 2013 consists solely of the Wells Guaranteed Installment Notes. The fair value of the Wells Guaranteed Installment Notes is determined as the present value of expected future cash flows discounted at the current interest rate for loans of similar terms with comparable credit risk (Level 2 inputs).

17

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

• Boise Investment: The fair value of the Boise Investment is calculated as the sum of the market value of OfficeMax’s indirect investment in Boise Cascade Company, the primary investment of Boise Cascade Holdings, Inc., plus OfficeMax’s portion of any cash held by Boise Cascade Holdings, L.L.C. as of the balance sheet date (together, Level 2 inputs). OfficeMax’s indirect investment in Boise Cascade Company is calculated using the number of shares OfficeMax indirectly holds in Boise Cascade Company multiplied by the closing stock price of Boise Cascade Company as of the last trading day prior to the balance sheet date. Prior to the first quarter of 2013, it was not considered practicable to estimate the fair value of the Boise Investment. Boise Cascade Holdings, L.L.C. and its subsidiaries were untraded companies without observable market inputs. However, as discussed in Note 8, “Investment in Boise Cascade Holdings, L.L.C.,” Boise Cascade Company became a publicly traded company through the Boise IPO executed in the first quarter of 2013. As of March 30, 2013, the Boise Investment constitutes an indirect interest in Boise Cascade Company’s publicly traded securities (NYSE: BCC). The availability of quoted market prices for the indirect investment makes the estimate of fair value practicable beginning in the first quarter of 2013.

• Recourse debt: The Company’s debt instruments are not widely traded. Recourse debt for which there were trades on the last day of the period (the “measurement date”) was valued using the unadjusted quoted price from the last trade on the measurement date (Level 1 input). Recourse debt for which there were no transactions on the measurement date was valued based on quoted market prices near the measurement date when available or by discounting the future cash flows of each instrument using rates based on the most recently observable trade or using rates currently offered to the Company for similar debt instruments of comparable maturities (Level 2 inputs).

• Non-recourse debt: Non-recourse debt as of March 30, 2013 consists solely of the Securitization Notes supported by Wells. The fair value of the Securitization Notes supported by Wells is estimated by discounting the future cash flows of the instrument at rates currently available to the Company for similar instruments of comparable maturities (Level 2 inputs).

During the first three months of 2013, there were no significant changes to the techniques used to measure fair value except as noted above for the estimate of fair value of the Boise Investment. Other than routine borrowings and payments of recourse debt, there were no changes to the financial instruments for which fair value is being calculated. Any changes in the level of inputs for recourse debt is due to the existence or nonexistence of trades on the measurement date from which to obtain unadjusted quoted prices.

Derivatives and Hedging Activities

Changes in foreign currency exchange rates expose us to financial market risk. We occasionally use derivative financial instruments, such as forward exchange contracts, to manage our exposure associated with commercial transactions and certain liabilities that are denominated in a currency other than the currency of the operating unit entering into the underlying transaction. We do not enter into derivative instruments for any other purpose. We do not speculate using derivative instruments. The fair values of derivative financial instruments were not material at the end of the first quarter of 2013 or at 2012 fiscal year-end.

18

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

11. Retirement and Benefit Plans

Components of Net Periodic Benefit Cost (Income)

The following represents the components of net periodic benefit cost (income) for pension and other postretirement benefits which are recorded in operating, selling and general and administrative expense in the Consolidated Statements of Income:

	Three Months Ended
	Pension Benefits						Other Postretirement Benefits
	March 30, 2013			March 31, 2012			March 30, 2013			March 31, 2012
	(thousands)
Service cost	$	779		$	943		$	87		$	73
Interest cost		11,941			16,158			221			235
Expected return on plan assets		(17,379	)		(20,773	)		—			—
Recognized actuarial loss		5,322			4,491			100			55
Amortization of prior service credits		—			—			(988	)		(1,002	)
Net periodic benefit cost (income)	$	663		$	819		$	(580	)	$	(639	)

Cash Flows

We expect to make $3.3 million of contributions to the Company’s pension plans in 2013, which we expect to fund with cash. As of March 30, 2013, $0.8 million in cash has been contributed in 2013.

12. Share-Based Compensation

The Company sponsors several share-based compensation plans. The Company recognizes compensation expense from all share-based payment transactions with employees in the consolidated financial statements at fair value. Pre-tax compensation costs related to the Company’s share-based plans were $2.4 million and $2.8 million for the first three months of 2013 and 2012, respectively. Compensation expense is generally recognized on a straight-line basis over the vesting period of grants. The total income tax benefit recognized in the Consolidated Statements of Income for share-based compensation arrangements was $1.0 million and $1.1 million for the first three months of 2013 and 2012, respectively.

Restricted Stock and Restricted Stock Units

Restricted stock is restricted until it vests and cannot be sold by the recipient until its restrictions have lapsed. Each restricted stock unit (“RSU”) is convertible into one share of common stock after its restrictions have lapsed. The Company recognizes compensation expense related to these awards over the vesting periods based on the awards’ grant date fair values. The Company calculates the grant date fair value of the RSU awards by multiplying the number of RSUs by the closing price of the Company’s common stock on the grant date. If these awards contain performance criteria the grant date fair value is set assuming performance at target, and management periodically reviews actual performance against the criteria and adjusts compensation expense accordingly. Pre-tax compensation expense and additional paid-in capital related to restricted stock and RSU awards was $1.2 million and $0.7 million for the first three months of 2013 and 2012, respectively. The remaining compensation expense to be recognized related to outstanding restricted stock and RSU awards, net of estimated forfeitures, is approximately $14.0 million and will be recognized through the first quarter of 2016.

19

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

A summary of restricted stock and RSU activity for the first three months of 2013 is presented in the following table:

	Shares			Weighted-Average Grant Date Fair Value Per Common Share
Unvested, December 29, 2012		1,317,756		$	10.70
Granted		1,329,171			11.73
Vested		(716	)		33.73
Forfeited		(602,718	)		12.52
Unvested, March 30, 2013		2,043,493		$	10.82

Unvested restricted stock and RSUs are not included as shares outstanding in the calculation of basic earnings per share, but, except as described below, are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive. In the above table, granted RSUs include 216,730 shares of performance-based RSUs reserved for in 2012 which were not considered granted or outstanding until 2013 when the associated performance measures were established. Unvested RSUs outstanding at March 30, 2013 in the above table do not include 207,753 shares of performance-based RSUs that were reserved for issuance in 2012 for which associated performance measures have not yet been established. Therefore, they are not considered granted or outstanding. All of those RSUs have been excluded from the number of shares used to calculate diluted earnings per share.

There are 859,507 unvested performance based RSUs as of March 30, 2013 that would be converted into time based RSUs upon completion of the Merger Transactions, including the 207,753 shares of performance-based RSUs discussed above that have been reserved for issuance but are not considered granted in the above table. For more information related to the Merger Transactions, see Note 2, “Merger Agreement.”

Stock Options

The Company’s stock options are issued with an exercise price equal to fair market value on the grant date and typically expire within seven years of the grant date. Stock options granted under the 2003 OfficeMax Incentive and Performance Plan generally vest over a three year period. Pre-tax compensation expense related to stock options was $1.2 million and $2.1 million for the first three months of 2013 and 2012, respectively. The remaining compensation expense to be recognized related to outstanding stock options, net of estimated forfeitures, is approximately $3.8 million and will be recognized through the fourth quarter of 2016.

A summary of stock option activity for the first three months of 2013 is presented in the following table:

	Shares			Wtd. Avg. Exercise Price
Balance at December 29, 2012		5,212,738		$	10.57
Options granted		3,500			9.76
Options exercised		(100,016	)		5.32
Options forfeited and expired		(113,173	)		8.89
Balance at March 30, 2013		5,003,049		$	10.71
Exercisable at March 30, 2013		2,881,728
Weighted average fair value of options granted (Black-Scholes) during 2013	$	5.07

20

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

The following table provides summarized information about stock options outstanding at March 30, 2013:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Options Outstanding		Weighted Average Contractual Life (Years)		Weighted Average Exercise Price		Options Exercisable		Weighted Average Exercise Price
$2.50		11,171		—	$	2.50		11,171	$	2.50
$4.00 – $9.99		2,660,848		5.2		5.52		1,132,394		5.14
$10.00 – $15.99		656,690		4.0		14.04		607,344		14.34
$16.00 – $17.00		679,840		4.9		16.86		464,819		16.86
$18.00 – $19.00		975,000		4.6		18.15		650,000		18.15
$24.00 – $37.00		16,000		1.4		30.37		16,000		30.37

At March 30, 2013, the aggregate intrinsic value was $16.5 million for outstanding stock options and $7.5 million for those stock options that were exercisable. The aggregate intrinsic value represents the total pre-tax intrinsic value (i.e. the difference between the Company’s closing stock price on the last trading day of the first quarter of 2013 and the exercise price, multiplied by the number of in-the-money stock options at the end of the quarter).

During the first three months of 2013, the Company granted stock options for 3,500 shares of our common stock and estimated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: risk-free interest rate of 0.63%, expected annual dividends of $0.08 per share, expected life of 4.5 years and expected stock price volatility of 69.94%.

The risk-free interest rate assumptions are based on the applicable U.S. Treasury Bill rates over the options’ expected lives; the expected life assumptions are based on the time period stock options are expected to be outstanding based on historical experience; and the expected stock price volatility assumptions are based on the historical and implied volatility of the Company’s common stock.

13. Segment Information

The Company manages its business using three reportable segments: Contract, Retail, and Corporate and Other. Management reviews the performance of the Company based on these segments.

Contract distributes a broad line of items for the office, including office supplies and paper, technology products and solutions, office furniture, print and document services and facilities products. Contract sells directly to large corporate and government offices, as well as to small and medium-sized offices and consumers in the United States, Canada, Australia and New Zealand. This segment markets and sells through field salespeople, outbound telesales, catalogs, the Internet and in some markets, including Canada, Australia and New Zealand, through office products stores. Substantially all products sold by Contract are purchased from third-party manufacturers or industry wholesalers. Contract purchases office papers for its businesses in the U.S., Canada, and Puerto Rico primarily from Boise White Paper, L.L.C., under a paper supply contract entered into on June 25, 2011.

Retail is a retail distributor of office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products. In addition, this segment contracts with large national retail chains to supply office and school supplies to be sold in their stores. Retail office supply stores feature OfficeMax ImPress, an in-store module devoted to print-for-pay and related services. Retail has operations in the United States, Puerto Rico and the U.S. Virgin Islands. Retail also operates office products stores in Mexico through Grupo OfficeMax. Substantially all products sold by Retail are purchased from third-party manufacturers or industry wholesalers. Retail purchases office papers for its U.S. businesses primarily from Boise White Paper, L.L.C., under the paper supply contract described above.

21

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

Corporate and Other includes corporate support staff services and certain other legacy expenses as well as the related assets and liabilities. The income and expense related to certain assets and liabilities that are reported in the Corporate and Other segment have been allocated to the Contract and Retail segments.

Management evaluates the segments’ performances using segment income (loss) which is based on operating income (loss) after eliminating the effect of certain legacy operating items such as income associated with our Boise Investment and certain other operating items such as store closure costs and costs related to the proposed Merger Transactions, all of which are not indicative of our core operations.

The following tables contain details of the Company’s operations by segment:

	Sales		Segment income (loss)			Other operating (expenses) income, net			Operating income (loss)
	(thousands)
Three months ended March 30, 2013
Contract	$	921,291	$	15,429		$	—		$	15,429
Retail		845,438		16,223			—			16,223
Corporate and Other		—		(9,259	)		79,504			70,245
Total	$	1,766,729	$	22,393		$	79,504		$	101,897
Three months ended March 31, 2012
Contract	$	960,583	$	27,086		$	—		$	27,086
Retail		912,329		22,825			(25,266	)		(2,441	)
Corporate and Other		—		(8,866	)		2,069			(6,797	)
Total	$	1,872,912	$	41,045		$	(23,197	)	$	17,848

Interest expense, interest income, and other income, net are not recorded by segments.

14. Shareholders’ Equity and Noncontrolling Interest

The following table reflects changes in shareholders’ equity and noncontrolling interest for the first three months of 2013.

	Shareholders’ Equity			Noncontrolling Interest
	(thousands)
Balance at December 29, 2012	$	1,034,373		$	44,617
Comprehensive income:
Net income attributable to OfficeMax and noncontrolling interest		56,842			810
Other comprehensive income:
Foreign currency translation adjustments		(322	)		1,588
Amortization of unrecognized retirement and benefit costs, net of tax		2,739			—
Comprehensive income attributable to OfficeMax and noncontrolling interest		59,259			2,398
Preferred stock dividends		(1,012	)		—
Stock-based compensation activity		2,986			—
Non-controlling interest fair value adjustment		(2,157	)		2,157
Other		(1	)		(12	)
Balance at March 30, 2013	$	1,093,448		$	49,160

22

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component includes the following for the first three months of 2013:

	Pension and Postretirement Liability Adjustment			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
		(thousands)
Balance at December 29, 2012	$	(288,450	)	$	150,929		$	(137,521	)
Other comprehensive income (loss) before reclassifications		—			(322	)		(322	)
Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of unrecognized retirement and benefit costs		4,434			—			4,434
Current period other comprehensive income (loss)		4,434			(322	)		4,112
Income taxes		(1,695	)		—			(1,695	)
Net current period other comprehensive income (loss)		2,739			(322	)		2,417
Balance at March 30, 2013	$	(285,711	)	$	150,607		$	(135,104	)

All amounts reclassified out of accumulated other comprehensive income (loss) were recorded in operating, selling, and general and administrative expenses in the Consolidated Statements of Income.

15. Commitments and Guarantees

Commitments

In accordance with an amended and restated joint venture agreement, the minority owner of Grupo OfficeMax, our joint-venture in Mexico, can elect to require OfficeMax to purchase the minority owner’s 49% interest in the joint venture if certain earnings targets are achieved. Earnings targets are calculated quarterly on a rolling four-quarter basis. Accordingly, the targets may be achieved in one quarter but not in the next. If the earnings targets are achieved and the minority owner elects to require OfficeMax to purchase the minority owner’s interest, the purchase price is based on the joint venture’s earnings and the current market multiples of similar companies. At the end of the first quarter of 2013, Grupo OfficeMax met the earnings targets and the estimated purchase price of the minority owner’s interest was $48.2 million. This represents an increase in the estimated purchase price from the prior year which is attributable to higher market multiples for similar companies as of the measurement date and higher earnings for Grupo OfficeMax. As the estimated purchase price was greater than the carrying value of the noncontrolling interest as of the end of the year, the Company recorded an adjustment to state the noncontrolling interest at the estimated purchase price, and, as the estimated purchase price approximates fair value, the offset was recorded to additional paid-in capital.

16. Legal Proceedings and Contingencies

Eight putative class action lawsuits challenging the Merger Transactions have been filed to date on behalf of a putative class consisting of OfficeMax stockholders. Six lawsuits have been filed in the Circuit Court of the Eighteenth Judicial Circuit of DuPage County, Illinois: (i) Venkata S. Donepudi v. OfficeMax Incorporated, et al. (Case Number 2013L000188), filed on February 25, 2013; (ii) Beth Koeneke v. OfficeMax Incorporated, et al. (Case Number 2013CH00076), filed on February 28, 2013; (iii) Marc Schmidt v. Saligram, et al. (Case Number 2013MR000411), filed on March 13, 2013; (iv) The Feivel & Helene Gottlieb Defined Benefit Pension Plan v. OfficeMax Incorporated, et al. (Case Number 2013L000246), filed on March 14, 2013; (v) Norman Klumpp v.

23

Notes to Quarterly Consolidated Financial Statements (unaudited)—(Continued)

Bryant et al. (Case Number 2013CH1107), filed on March 28, 2013; and (vi) J. David Lewis v. OfficeMax Incorporated, et al. (Case Number 2013CH001123), filed on March 29, 2013.

These lawsuits name OfficeMax, Office Depot, Inc., and the directors of OfficeMax, among others, as defendants. Each of the lawsuits is brought by a purported holder or holders of OfficeMax common stock, both individually and on behalf of a putative class of OfficeMax stockholders. The lawsuits generally allege, among other things, that the directors of OfficeMax breached their fiduciary duties to OfficeMax stockholders by agreeing to a transaction with inadequate and unfair consideration and pursuant to an inadequate and unfair process. The lawsuits further allege that OfficeMax and Office Depot, Inc. among others aided and abetted the OfficeMax directors in the breach of their fiduciary duties. The lawsuits seek, in general, (i) injunctive relief enjoining, preliminarily and permanently, the Merger Transactions, (ii) in the event that the Merger Transactions are consummated, rescission or an award of rescissory damages, (iii) an award of plaintiffs’ costs, including fees and expenses of attorneys and experts, and (iv) imposition of a constructive trust on behalf of the putative class members upon any benefits improperly received by defendants. All six lawsuits have been consolidated and a consolidated amended complaint was filed on April 26, 2013.

Two additional putative class action lawsuits challenging the Merger Transactions were filed in the United States District Court, Northern District of Illinois: (i) Eric Hollander v. OfficeMax Incorporated, et al. (Case Number 1:13cv3330), filed on May 2, 2013; and (ii) Thomas DeFabio, et al. v. OfficeMax Incorporated, et al. (Case Number 1:13cv3385), filed on May 6, 2013.

OfficeMax, Office Depot, Inc., and the OfficeMax board of directors believe that these lawsuits are without merit and intend to defend against them vigorously.

17. Subsequent Events

On May 6, 2013, we declared a special non-recurring dividend of $1.50 per share of common stock payable on July 2, 2013 to shareholders of record as of the close of business on June 12, 2013 which we expect to total approximately $130 million. We expect to equitably adjust outstanding options and RSUs to reflect the payment of the special dividend.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion contains statements about our future financial performance. These statements are only predictions. Our actual results may differ materially from these predictions. In evaluating these statements, you should review “Item 1A. Risk Factors” in our Annual Report on Form 10-K, for the year ended December 29, 2012, including “Cautionary and Forward-Looking Statements.”

Overall Summary

Sales for the first quarter of 2013 were $1,766.7 million, compared to $1,872.9 million for the first quarter of 2012, a decrease of 5.7%. Sales decreased 4.3% after adjusting for the changes in foreign currency exchange rates, the impact of stores opened and closed in 2013 and 2012 and the difference in business days at the international Contract businesses, as they report on a calendar quarter basis which impacts the number of business days reported in a fiscal quarter from year to year for the consolidated company. Gross profit margin increased by 0.2% of sales (20 basis points) to 26.0% of sales in the first quarter of 2013 compared to 25.8% of sales in the first quarter of 2012, as higher customer margins were partially offset by increased occupancy expense as a percentage of sales due to the deleveraging impact of the lower sales. Operating, selling and general and administrative expenses declined during the first quarter of 2013 compared to the first quarter of 2012 due to lower payroll and benefit costs and reduced incentive compensation expense partially offset by spending on growth and profitability initiatives, yet increased as a percentage of sales as a result of the deleveraging impact of the lower sales on fixed costs. We reported operating income of $101.9 million in the first quarter of 2013 compared to $17.8 million in the first quarter of 2012. As noted in the discussion and analysis that follows, our operating results were impacted by significant items in both quarters consisting of income associated with our investment in Boise Cascade Holdings, L.L.C. (“Boise Investment”), charges for stores closed in 2012, and costs related to our proposed merger with Office Depot, Inc. (“Office Depot”) as described below. If we eliminate these items, our adjusted operating income for the first quarter of 2013 was $22.4 million, or 1.3% of sales, compared to an adjusted operating income of $41.0 million, or 2.2% of sales. The reported net income available to OfficeMax common shareholders was $56.3 million, or $0.64 per diluted share, in the first quarter of 2013 compared to $4.9 million, or $0.06 per diluted share, in the first quarter of 2012. If we eliminate the impact of the significant items from both periods, adjusted net income available to OfficeMax common shareholders for the first quarter of 2013 was $10.1 million, or $0.11 per diluted share, compared to $19.0 million, or $0.22 per diluted share, for the first quarter of 2012.

On February 20, 2013, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Office Depot, Inc. and certain other parties. In accordance with the Merger Agreement, and pursuant to a series of transactions contemplated by the Merger Agreement (together, the “Merger”), OfficeMax will become an indirect wholly-owned subsidiary of Office Depot, Inc. and each share of OfficeMax Incorporated common stock issued and outstanding immediately prior to the effective time of the Merger Transactions, other than shares to be cancelled pursuant to the terms of the Merger Agreement, will be converted into the right to receive 2.69 shares (the “Exchange Ratio”) of Office Depot, Inc. common stock, together with cash in lieu of fractional shares, if any, and unpaid dividends and distributions, if any. The Merger Agreement permits OfficeMax to make a distribution to its stockholders of $1.50 per share of OfficeMax common stock, which distribution will not result in any adjustment to the Exchange Ratio. Subsequent to the end of the first quarter of 2013, we declared a special non-recurring dividend of $1.50 per share of common stock payable on July 2, 2013 to shareholders of record as of the close of business on June 12, 2013 which we expect to total approximately $130 million.

The completion of the proposed Merger is subject to various customary closing conditions, including among others (i) approval of the shareholders of both companies, and (ii) receipt of regulatory approvals.

The Merger Agreement contains certain termination rights for both parties, and further provides for the payment of fees and expenses upon termination under specified circumstances. The proposed Merger is expected to be completed by December 31, 2013.

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Results of Operations, Consolidated

($ in thousands)

	Three Months Ended
	March 30, 2013			March 21, 2012
Sales	$	1,766,729		$	1,872,912
Gross profit		458,860			482,776
Operating, selling and general and administrative expenses		435,420			439,662
Other operating expenses (income), net		(78,457	)		25,266
Total operating expenses	$	356,963		$	464,928
Operating income	$	101,897		$	17,848
Net income available to OfficeMax common shareholders	$	56,335		$	4,858
Gross profit margin		26.0	%		25.8	%
Operating, selling and general and administrative expenses
Percentage of sales		24.6	%		23.5	%

In addition to assessing our operating performance as reported under U.S. generally accepted accounting principles (“GAAP”), we evaluate our results of operations before non-operating legacy items and certain legacy operating items such as income associated with our Boise Investment and certain other operating items such as store closure costs and costs related to the proposed Merger with Office Depot, all of which are not indicative of our core operations. We believe our presentation of financial measures before, or excluding, these items, which are non-GAAP measures, enhances our investors’ overall understanding of our operational performance and provides useful information to both investors and management to evaluate the ongoing operations and prospects of OfficeMax by providing better comparisons. Whenever we use non-GAAP financial measures, we designate these measures as “adjusted” and provide a reconciliation of the non-GAAP financial measures to the most closely applicable GAAP financial measure. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measure.

Although we believe the non-GAAP financial measures enhance an investor’s understanding of our performance, our management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. The non-GAAP financial measures we use may not be consistent with the presentation of similar companies in our industry. However, we present such non-GAAP financial measures in reporting our financial results to provide investors with an additional tool to evaluate our operating results in a manner that focuses on what we believe to be our ongoing business operations.

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In the following tables, we reconcile our non-GAAP financial measures to our reported GAAP financial results. (Totals in the tables may not sum down due to rounding.)

	Non-GAAP Reconciliations - Sales
	Three Months Ended March 30, 2013			Three Months Ended March 31, 2012			Percent Change
	($ in thousands)
Sales as reported	$	1,766,729		$	1,872,912			(5.7	)%
Adjustment for unfavorable impact of change in foreign exchange rates(a)		2,791			—
Adjustment for the impact of closed and opened stores and the difference in business days from year-to-year for businesses reporting on a calendar basis(b)		(5,181	)		(35,108	)
Sales adjusted for impact of change in foreign exchange rates, closed and opened stores and change in number of business days	$	1,758,757		$	1,837,804			(4.3	)%

(a) Computed by assuming constant currency exchange rates between periods.

(b) Computed by reducing current year and prior year sales for stores opened or closed in the current or prior year and by adjusting prior year sales to reflect the same number of business days in the current year.

	Non-GAAP Reconciliations - Operating Results
	Three Months Ended March 30, 2013									Three Months Ended March 31, 2012
	Operating income			Net income available to OfficeMax common shareholders			Diluted income  per common share			Operating income			Net income available to OfficeMax common shareholders			Diluted income per common share
	(thousands, except per-share amounts)									(thousands, except per-share amounts)
As reported	$	101,897		$	56,335		$	0.64		$	17,848		$	4,858		$	0.06
Merger related expenses		6,890			6,890			0.08			—			—			—
Gain recognized from reduced Boise Investment		(85,347	)		(52,530	)		(0.59	)		—			—			—
Boise – Series A dividend income		(1,047	)		(637	)		(0.01	)		(2,069	)		(1,262	)		(0.02	)
Store closure charges		—			—			—			25,266			15,437			0.18
As adjusted	$	22,393		$	10,058		$	0.11		$	41,045		$	19,033		$	0.22

These items are described in more detail in this Management’s Discussion and Analysis.

At the end of the first quarter of 2013, we had $579.2 million in cash and cash equivalents and $560.5 million in available (unused) borrowing capacity under our revolving credit facility. We also had outstanding recourse debt of $237.2 million (both current and long-term) and non-recourse obligations of $735.0 million related to the timber securitization notes at March 30, 2013. There is no recourse against OfficeMax on the securitized timber notes payable as recourse is limited to proceeds from the applicable pledged installment notes receivable and underlying guarantees. There were no borrowings on our credit agreement in 2013.

During the first quarter of 2013, we received $129.4 million in cash proceeds related to the Boise Investment from the redemption of all of the non-voting equity securities at the original investment amount of $66.0 million, and payment of $46.1 million of accrued dividends on those securities as well as a distribution of $17.3 million related to the voting equity securities. The redemption of the non-voting equity securities and the distribution related to the voting equity securities reduced the carrying value of the Boise Investment, and resulted in the recognition of $85.4 million of deferred gain, net of fees, associated with the Boise Investment.

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For the first three months of 2013, operations provided $32.9 million of cash which included $46.1 million of the Boise Investment proceeds. Investing activities included $83.3 million of proceeds associated with our Boise Investment, partially offset by $28.4 million of capital expenditures (including systems and infrastructure investments). Financing activities used $5.4 million.

Outlook

Based on the current environment, we anticipate that total company sales for the second quarter of 2013 will be lower than the second quarter of 2012, including the projected favorable impact of foreign currency translation. Additionally, we anticipate that for the second quarter of 2013, adjusted operating income margin will remain positive, but be significantly lower than the adjusted operating income margin in the second quarter of 2012. The second quarter of 2012 included approximately $3 million of income from the favorable purchase accounting for leases related to the acquisition of the U.S. retail businesses as well as approximately $2 million of Boise dividend income.

For the full year 2013, we anticipate that total company sales will be lower than the prior year period, including the projected favorable impact of foreign currency translation and we expect sales declines to continue through the year, but at a less negative rate than the first quarter of 2013. For the full year 2013, we anticipate that adjusted operating income margin will be lower than the adjusted operating income margin for the full year of 2012, but to be higher than the adjusted operating income margin for the first quarter of 2013, with adjusted operating income margin in the second half of 2013 to be higher than the second half of 2012. Full year 2012 included approximately $11 million of income from the favorable purchase accounting for leases related to the acquisition of the U.S. retail businesses as well as approximately $8 million of Boise dividend income.

Operating Results

Sales for the first quarter of 2013 decreased 5.7% to $1,766.7 million from $1,872.9 million for the first quarter of 2012. Sales decreased 4.3% after adjusting for the changes in foreign currency exchange rates, the impact of stores opened and closed in 2013 and 2012 and the difference in business days at the international Contract businesses, as they report on a calendar quarter basis which impacts the number of business days reported in a fiscal quarter from year to year for the consolidated company. Same-store sales in local currencies declined 5.4% in our Retail segment, while sales in our Contract segment decreased 4.0% in constant currencies.

Gross profit margin increased by 0.2% of sales (20 basis points) to 26.0% of sales in the first quarter of 2013 compared to 25.8% of sales in the first quarter of 2012. Gross profit margins increased 0.3% of sales (30 basis points) in both our Contract and Retail segments reflecting improved customer margins which were partially offset by the deleveraging impact of lower sales on occupancy expenses and the negative impact of the expiration of favorable purchase accounting for leases related to the acquisition of the U.S. retail business, which benefitted the prior year period by approximately $3 million.

As a result of purchase accounting from the 2003 acquisition of the U.S. retail business, we recorded an asset relating to store leases with terms below market value and a liability for store leases with terms above market value. The asset will be amortized through 2027 ($4 million per year), while the liability was amortized through 2012 ($11 million per year). From the acquisition date through 2012, the net amortization of these items reduced rent expense by approximately $7 million per year. Beginning in 2013, the completed amortization of the liability, or expiration of the favorable purchase accounting, will result in no further reduction of rent expense causing 2013 gross profit to be lower than 2012 by approximately $11 million for the year, or approximately $3 million per quarter.

Operating, selling and general and administrative expenses decreased $4.2 million in the first quarter of 2013 compared to the first quarter of 2012, as lower payroll and benefit expenses from store closures, cost reductions and reorganizations in 2012 as well as reduced incentive compensation expense and lower advertising and marketing expenses, were partially offset by increased spending on growth and profitability initiatives. Operating, selling and general and administrative expenses increased 1.1% of sales to 24.6% of sales in the first

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quarter of 2013 from 23.5% of sales in the first quarter of 2012 due to the deleveraging impact of the lower sales on fixed costs.

As noted above, our results for the first quarters of 2013 and 2012 included the following significant items:

• During the first three months of 2013 and 2012, we recorded income of $86.4 million and $2.1 million, respectively, in our Corporate segment associated with our Boise Investment, consisting of $85.4 million in the first three months of 2013 for the partial recognition of the deferred gain from the 2004 sale of our paper, forest products and timberland assets, net of fees, and $1.0 million and $2.1 million for the first three months of 2013 and 2012, respectively, related to dividend income from the non-voting securities redeemed in the first quarter of 2013. These items increased net income by $53.2 million and $1.3 million, or $0.60 and $0.02 per diluted share, for the first three months of 2013 and 2012, respectively.

• During the first three months of 2013, we recorded a charge of $6.9 million in our Corporate segment for certain costs related to the proposed Merger with Office Depot, which may not be deductible for tax purposes and were included in other operating expenses (income) net in the Consolidated Statements of Income and which reduced net income by $6.9 million, or $0.08 per diluted share.

• During the first three months of 2012, we recorded a charge of $25.3 million in our Retail segment related to store closures in the U.S., which was included in other operating expenses (income) net in the Consolidated Statements of Income and which reduced net income by $15.4 million, or $0.18 per diluted share. There were no store closure charges in 2013.

Interest income was $10.8 million for both the first quarters of 2013 and 2012. Interest expense was $16.7 million and $18.4 million in the first quarters of 2013 and 2012, respectively.

For the first quarter of 2013, we recognized income tax expense of $38.7 million on pre-tax income of $96.3 million (effective tax expense rate of 40.1%) compared to income tax expense of $3.6 million on pre-tax income of $10.5 million (effective tax expense rate of 34.4%) for the first quarter of 2012. The effective tax rate in both years was impacted by the effects of state income taxes, non-deductible expenses (e.g. merger-related costs), income items not subject to tax and the mix of domestic and foreign sources of income.

We reported net income attributable to OfficeMax and noncontrolling interest of $57.7 million and $6.9 million for the first quarters of 2013 and 2012, respectively. After adjusting for joint venture earnings attributable to noncontrolling interest and preferred dividends, we reported net income available to OfficeMax common shareholders of $56.3 million, or $0.64 per diluted share, and $4.9 million, or $0.06 per diluted share, for the first quarters of 2013 and 2012, respectively. Adjusted net income available to OfficeMax common shareholders, as discussed above, was $10.1 million, or $0.11 per diluted share, for the first quarter of 2013, while the adjusted net income available to OfficeMax common shareholders for the first quarter of 2012 was $19.0 million, or $0.22 per diluted share.

Segment Discussion

We report our results using three reportable segments: Contract; Retail; and Corporate and Other.

Contract distributes a broad line of items for the office, including office supplies and paper, technology products and solutions, office furniture, print and document services and facilities products. Contract sells directly to large corporate and government offices, as well as to small and medium-sized offices and consumers in the United States, Canada, Australia and New Zealand. This segment markets and sells through field salespeople, outbound telesales, catalogs, the Internet and in some markets, including Canada, Australia and New Zealand, through office products stores.

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Retail is a retail distributor of office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products. In addition, this segment contracts with large national retail chains to supply office and school supplies to be sold in their stores. Retail office supply stores feature OfficeMax ImPress, an in-store module devoted to print-for-pay and related services. Retail has operations in the United States, Puerto Rico and the U.S. Virgin Islands. Retail also operates office products stores in Mexico through a 51%-owned joint venture, Grupo OfficeMax S. de R.L. de C.V. (“Grupo OfficeMax”).

Corporate and Other includes corporate support staff services and certain other legacy expenses as well as the related assets and liabilities. The income and expense related to certain assets and liabilities that are reported in the Corporate and Other segment have been allocated to the Contract and Retail segments.

Management evaluates the segments’ performances using segment income (loss) which is based on operating income (loss) after eliminating the effect of certain legacy operating items such as income associated with our Boise Investment and certain other operating items such as store closure costs and costs related to the proposed Merger with Office Depot, all of which are not indicative of our core operations.

Contract

($ in thousands)

	Three Months Ended
	March 30, 2013			March 31, 2012
Sales	$	921,291		$	960,583
Gross profit		208,887			215,260
Gross profit margin		22.7	%		22.4	%
Operating, selling and general and administrative expenses		193,458			188,174
Percentage of sales		21.0	%		19.6	%
Segment income	$	15,429		$	27,086
Percentage of sales		1.7	%		2.8	%
Sales by Product Line
Office supplies and paper	$	539,556		$	551,234
Technology products		287,681			307,625
Office furniture		94,054			101,724
Sales by Geography
United States	$	619,949		$	642,136
International		301,342			318,447
Sales Growth (Decline)		(4.1	)%		3.8	%

Contract segment sales for the first quarter of 2013 decreased 4.1% (4.0% in constant currencies) to $921.3 million from $960.6 million for the first quarter of 2012. Adjusting for same number of business days represented approximately 1 percent of the decline. U.S. sales decreased 3.5% year-over-year as declines in our U.S. Workplace accounts, associated with sales declines from lost customers being higher than sales to newly acquired customers and sales to existing customers declining 4.6%, were partially offset by increased sales in OfficeMax.com, one of our digital initiatives. The 4.6% decline rate in sales to existing Workplace customers was comparable to the decline noted in the fourth quarter of 2012. International sales for the first quarter of 2013 decreased 5.4% year-over-year, 5.2% in local currencies. Approximately 3% of this decline was due to the change in the number of business days from year-to-year.

Contract segment gross profit margin increased 0.3% of sales (30 basis points) to 22.7% of sales for the first quarter of 2013 compared to 22.4% of sales for the first quarter of the previous year. Gross profit margins increased in the U.S. due to higher customer margins, which were partially offset by the deleveraging impact of

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lower sales on delivery expense. In the international Contract businesses, gross profit margins declined due to reduced margins on several large customers and a change in the mix of business, which were partially offset by lower delivery expense.

Contract segment operating, selling and general and administrative expenses increased $5.3 million in the first quarter of 2013 compared to the first quarter of 2012 as increased spending on growth and profitability initiatives was partially offset by lower incentive compensation expense and lower payroll and benefits costs due to reorganizations in 2012. Contract segment operating, selling and general and administrative expense increased 1.4% of sales to 21.0% of sales for the first quarter of 2013 from 19.6% of sales in the first quarter of 2012 due to the deleveraging impact of the lower sales on fixed costs as well as the increased expenses.

Contract segment income was $15.4 million, or 1.7% of sales, for the first quarter of 2013, compared to $27.1 million, or 2.8% of sales, for the first quarter of 2012. The decrease in segment income was attributable to the lower sales and the higher operating, selling and general and administrative expenses, partially offset by the higher gross profit margin.

Retail

($ in thousands)

	Three Months Ended
	March 30, 2013			March 31, 2012
Sales	$	845,438		$	912,329
Gross profit		249,973			267,516
Gross profit margin		29.6	%		29.3	%
Operating, selling and general and administrative expenses		233,750			244,691
Percentage of sales		27.6	%		26.8	%
Segment income	$	16,223		$	22,825
Percentage of sales		1.9	%		2.5	%
Sales by Product Line
Office supplies and paper	$	338,726		$	356,963
Technology products		434,126			481,572
Office furniture		72,586			73,794
Sales by Geography
United States	$	774,657		$	847,376
International		70,781			64,953
Sales Growth (Decline)
Total sales growth (decline)		(7.3	)%		(2.7	)%
Same-location sales growth (decline)		(5.4	)%		(2.1	)%

Retail segment sales for the first quarter of 2013 decreased by 7.3% (7.7% on a local currency basis) to $845.4 million from $912.3 million for the first quarter of 2012, reflecting reduced store traffic and store closures. U.S. same-store sales declined 5.7% for the first quarter of 2013 primarily due to lower store traffic and lower technology product category sales, as average ticket amounts were flat compared to the first quarter of the prior year. Mexico same-store sales decreased 2.1% on a local currency basis year-over-year. We ended the first quarter of 2013 with 936 stores. In the U.S., we closed five retail stores during the first quarter of 2013 and opened none, ending the quarter with 846 retail stores, Grupo OfficeMax, opened one store during the first quarter of 2013 and closed one, ending the quarter with 90 retail stores.

Retail segment gross profit margin increased 0.3% of sales (30 basis points) to 29.6% of sales for the first quarter of 2013 compared to 29.3% of sales for the previous year’s first quarter. Gross profit margins increased

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in the U.S. due to higher customer margins driven by a sales mix shift from the relatively lower margin technology category, especially PCs, less promotional activity and lower product costs from our profitability initiatives, which were partially offset by the deleveraging impact of lower sales on occupancy expenses and the negative impact of the expiration of favorable purchase accounting for leases related to the acquisition of the U.S. retail business, which benefitted the prior year period by approximately $3 million.

Retail segment operating, selling and general and administrative expenses decreased $10.9 million, due to lower incentive compensation expense, lower advertising and lower payroll expense from cost reductions and store closures. As a percentage of sales, Retail segment operating selling and general and administrative expense increased 0.8% of sales, to 27.6% of sales for the first quarter of 2013 compared to 26.8% of sales for the first quarter of 2012 due to the deleveraging impact of the lower sales on fixed costs.

Retail segment income was $16.2 million, or 1.9% of sales, for the first quarter of 2013, compared to $22.8 million, or 2.5% of sales, for the first quarter of 2012. The decrease in segment income was primarily attributable to the lower sales, partially offset by the higher gross profit margins.

Corporate and Other

Corporate and Other segment loss for the first quarter of 2013 was $9.3 million compared to $8.9 million for the first quarter of 2012.

Liquidity and Capital Resources

At the end of the first quarter of 2013, the total liquidity available for OfficeMax was $1,139.7 million. This includes cash and cash equivalents of $579.2 million, including $120.4 million in foreign cash balances, and borrowing availability of $560.5 million from our credit agreement associated with the Company and certain of our subsidiaries in the U.S., Puerto Rico and Canada. At the end of the first quarter of 2013, the Company was in compliance with all covenants under the credit agreement. The credit agreement expires on October 7, 2016. At the end of the first quarter of 2013, we had $237.2 million of short-term and long-term recourse debt and $735.0 million of non-recourse timber securitization notes outstanding.

The Merger Agreement permits OfficeMax to make a distribution to its stockholders of $1.50 per share of OfficeMax common stock, which distribution will not result in any adjustment to the Exchange Ratio. Subsequent to the end of the first quarter of 2013, we declared a special non-recurring dividend of $1.50 per share of common stock payable on July 2, 2013 to shareholders of record as of the close of business on June 12, 2013 which we expect to total approximately $130 million.

Under certain circumstances there are restrictions on our ability to repatriate certain amounts of foreign cash balances. If the Company chose to repatriate certain unrestricted foreign cash balances, it could result in a repatriation provision of approximately $0.7 million in excess of the amount already accrued and $2.7 million in cash taxes due.

Our primary ongoing cash requirements relate to working capital, expenditures for property and equipment, technology enhancements and upgrades, lease obligations, pension funding and debt service. We expect to fund these requirements through a combination of available cash balance and cash flow from operations. We also have the revolving credit facility as additional liquidity. The following sections of this Management’s Discussion and Analysis of Financial Condition and Results of Operations discuss in more detail our operating, investing, and financing activities, as well as our financing arrangements.

Operating Activities

Our operating activities provided cash of $32.9 million in the first three months of 2013 compared to $86.5 million in the first three months of 2012. Cash flow from operations for the first three months of 2013

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included $46.1 million of cash received from the collection of the accrued dividends on the non-voting securities of our Boise Investment.

Cash from operations for 2013 was lower than the prior year primarily reflecting unfavorable working capital changes and lower adjusted income, which were partially offset by the receipt of cash associated with our Boise Investment. The first quarter of 2013 included incentive compensation payments of approximately $28 million related to the 2012 annual incentive plan, while the first quarter of 2012 reflected minimal payments related to incentive compensation as performance targets generally were not achieved for the 2011 annual incentive plan.

Collections from our domestic receivables were lower in 2013 than in 2012 as there was unusually high vendor-supported promotional activity at year-end 2011 that caused the 2012 first quarter collections to be unusually high. In addition, there were significant timing differences in vendor payments. At year end 2012, we deferred certain payments into 2013 resulting from late reconciliation issues at the end of 2012 that were resolved in the first quarter of 2013. In addition, due to the timing of other expenses for our initiatives at year end 2012, the first quarter of 2013 included an increased amount of payments.

We sponsor noncontributory defined benefit pension plans covering certain terminated employees, vested employees, retirees, and some active employees, primarily in Contract. Pension expense was $0.7 million and $0.8 million for the first quarters of 2013 and 2012, respectively. In the first quarters of 2013 and 2012, we made cash contributions to our pension plans totaling $0.8 million and $4.5 million, respectively. The estimated minimum required funding contribution in 2013 is approximately $3.3 million and the expense in 2013 is projected to be approximately $2.7 million compared to expense of $3.3 million in 2012. In addition, we may elect to make additional voluntary contributions.

Investing Activities

Our investing activities provided $57.4 million of cash in the first three months of 2013, compared to using $13.9 million in the first three months of 2012. Cash flow from investing activities included $83 million relating to the redemption of our Boise investment; $66 million associated with the redemption of the Boise Investment non-voting securities and $17.3 million associated with a distribution related to the Boise Investment voting securities.

In the first three months of 2013, capital spending of $28.4 million consisted of system improvements relating to our growth initiatives, overall software enhancements and infrastructure improvements, as well as spending on new stores and relocations in Mexico and the U.S. We expect our capital investments in 2013 to be approximately $80 million to $90 million. Our capital spending in 2013 will be primarily for maintenance and investment in our systems, infrastructure and growth and profitability initiatives.

During 2012, we began considering potential options to sell our Croxley-branded wholesale, distribution and manufacturing business in New Zealand (“Croxley”), a wholly-owned subsidiary included in our Contract segment. During the first quarter of 2013, we ended the divestment process, and will continue to operate the Croxley business. Croxley’s net book value was approximately $49.6 million at March 30, 2013, and there is no indication of asset impairment.

Financing Activities

Our financing activities used cash of $5.4 million in the first quarter of 2013 and $0.4 million in the first quarter of 2012. Net debt borrowings were $0.5 million and $0.5 million in the first three months of 2013 and 2012, respectively.

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We suspended our dividend to shareholders of common stock on December 18, 2008. In July 2012, we reinstated the payment of quarterly cash dividends on our common stock, given progress in executing our strategic plan to achieve sustainable, profitable growth. The quarterly dividends are expected to be $0.02 per common share, or $0.08 per common share on an annualized basis.

During the first quarter of 2013, we paid $1.7 million in common stock dividends. The Merger Agreement permits OfficeMax to make a distribution to its stockholders of $1.50 per share of OfficeMax common stock, which distribution will not result in any adjustment to the Exchange Ratio. Subsequent to the end of the first quarter of 2013, we declared a special non-recurring dividend of $1.50 per share of common stock payable on July 2, 2013 to shareholders of record as of the close of business on June 12, 2013 which we expect to total approximately $130 million.

Financing Arrangements

We lease our store space and certain other property and equipment under operating leases. These operating leases are not included in debt; however, they represent a significant commitment. Our obligations under operating leases are shown in the “Contractual Obligations” section of this Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Our debt structure consists of credit agreements, note agreements, and other borrowings as described below. For more information, see the “Contractual Obligations” and “Disclosures of Financial Market Risks” sections of this Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Credit Agreements

On October 7, 2011, we entered into a Second Amended and Restated Loan and Security Agreement (the “Credit Agreement”) with a group of banks. The Credit Agreement amended both our then existing credit agreement to which we were a party along with certain of our subsidiaries in the U.S. and our then existing credit agreement to which our subsidiary in Canada was a party and consolidated them into a single credit agreement. The Credit Agreement permits us to borrow up to a maximum of $650 million, of which $50 million is allocated to our Canadian subsidiary, and $600 million is allocated to the Company and its other participating U.S. subsidiaries, subject to a borrowing base calculation that limits availability to a percentage of eligible trade and credit card receivables plus a percentage of the value of eligible inventory less certain reserves. The Credit Agreement may be increased (up to a maximum of $850 million) at our request and the approval of the lenders participating in the increase, or may be reduced from time to time at our request, in each case according to the terms detailed in the Credit Agreement. Letters of credit, which may be issued under the Credit Agreement up to a maximum of $250 million, reduce available borrowing capacity. Stand-by letters of credit issued under the Credit Agreement totaled $38.0 million at the end of the first quarter of 2013. At the end of the first quarter of 2013, the maximum aggregate borrowing amount available under the Credit Agreement was $598.5 million and availability under the Credit Agreement totaled $560.5 million. At the end of the first quarter of 2013, we were in compliance with all covenants under the Credit Agreement. The Credit Agreement expires on October 7, 2016 and allows the payment of dividends, subject to availability restrictions and if no default has occurred.

Borrowings under the Credit Agreement are subject to interest at rates based on either the prime rate, the federal funds rate, LIBOR or the Canadian Dealer Offered Rate. An additional percentage, which varies depending on the level of average borrowing availability, is added to the applicable rates. Fees on letters of credit issued under the Credit Agreement are charged at rates between 1.25% and 2.25% depending on the type of letter of credit (i.e., stand-by or commercial) and the level of average borrowing availability. The Company is also charged an unused line fee of between 0.375% and 0.5% on the amount by which the maximum available credit exceeds the average daily outstanding borrowings and letters of credit. The fees on letters of credit were 1.75% and the unused line fee was 0.5% at March 30, 2013.

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Timber Notes/Non-Recourse Debt

In October 2004, we sold our timberland assets in exchange for $15 million in cash plus credit-enhanced timber installment notes in the amount of $1,635 million (the “Installment Notes”). The Installment Notes were issued by single-member limited liability companies formed by affiliates of Boise Cascade, L.L.C. (the “Note Issuers”). In order to support the issuance of the Installment Notes, the Note Issuers transferred a total of $1,635 million in cash to Lehman Brothers Holdings, Inc. (“Lehman”) and Wells Fargo & Company (“Wells”) (which at the time was Wachovia Corporation) ($817.5 million to each of Lehman and Wells) who issued collateral notes (the “Collateral Notes”) to the Note Issuers and guaranteed the respective Installment Notes. In December 2004, we completed a securitization transaction in which the Company’s interests in the Installment Notes and related guarantees were transferred to wholly-owned bankruptcy remote subsidiaries. The subsidiaries pledged the Installment Notes and related guarantees and issued securitized notes (the “Securitization Notes”) in the amount of $1,470 million. Recourse on the Securitization Notes is limited to the proceeds of the applicable pledged Installment Notes and underlying Lehman or Wells guaranty. As a result, there is no recourse against OfficeMax, and the Securitization Notes have been reported as non-recourse debt in our Consolidated Balance Sheets.

On September 15, 2008, Lehman, the guarantor of half of the Installment Notes and the Securitization Notes, filed a petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under chapter 11 of the United States Bankruptcy Code. Lehman’s bankruptcy filing constituted an event of default under the $817.5 million Installment Note guaranteed by Lehman (the “Lehman Guaranteed Installment Note”). During the third quarter of 2012, we entered into an agreement that extinguished the Securitization Notes guaranteed by Lehman. Upon effectiveness of the agreement, the trustee for the Securitization Note holders released OfficeMax and its affiliates from the non-recourse liabilities following the transfer from OfficeMax to the trustee for the Securitization Note holders of the claims arising from the bankruptcy, the Lehman Guaranteed Installment Note and the related guaranty.

At the time of the sale of the timberlands in 2004, we generated a tax gain and recognized the related deferred tax liability. The timber installment notes structure allowed the Company to defer the resulting tax liability of $529 million until 2020, the maturity date for the Installment Notes. In the third quarter of 2012, as a result of the agreement transferring our rights to the remaining receivable and the extinguishment of Securitization Notes guaranteed by Lehman, $269 million of the deferred tax gain was recognized. Due to available alternative minimum tax credits and net operating losses, which offset a significant portion of the taxable income, the Company made a cash tax payment of $15 million in the fourth quarter of 2012. At March 30, 2013, the remaining deferred tax gain of $260 million is related to the Installment Notes guaranteed by Wells (the “Wells Guaranteed Installment Notes”), and will be recognized upon maturity.

Through March 30, 2013, we have received all payments due under the Wells Guaranteed Installment Notes, which have consisted only of interest due on the notes, and have made all payments due on the related Securitization Notes guaranteed by Wells, again consisting only of interest due. As all amounts due on the Wells Guaranteed Installment Notes are current and we have no reason to believe that we will not be able to collect all amounts due according to the contractual terms of the Wells Guaranteed Installment Notes, the notes are reflected in our Consolidated Balance Sheets at their original principal amount of $817.5 million. An additional adverse impact on our financial results presentation could occur if Wells Fargo & Company became unable to perform its obligations under the Wells Guaranteed Installment Notes, thereby resulting in a significant impairment impact.

The Wells Guaranteed Installment Notes and related Securitization Notes are scheduled to mature in 2020 and 2019, respectively. The Securitization Notes have an initial term that is approximately three months shorter than the Wells Guaranteed Installment Notes. We expect that if the Securitization Notes are still outstanding in 2019, we will refinance them with a short-term borrowing to bridge the period from initial maturity of the Securitization Notes to the maturity of the Wells Guaranteed Installment Notes.

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Boise Investment

In connection with the sale of the paper, forest products and timberland assets in 2004, we invested $175 million in affiliates of Boise Cascade, L.L.C. Due to restructurings conducted by those affiliates, our investment is currently in Boise Cascade Holdings, L.L.C., a building products company.

The “Boise Investment” is accounted for under the cost method, as Boise Cascade Holdings, L.L.C. does not maintain separate ownership accounts for its members’ interests, and we do not have the ability to significantly influence the operating and financial policies of Boise Cascade Holdings, L.L.C. In exchange for investing in Boise Cascade Holdings, L.L.C., we received voting securities and non-voting securities.

A subsidiary of Boise Cascade Holdings, L.L.C., Boise Cascade, L.L.C., filed a registration statement with the SEC in November 2012 to register stock for an initial public offering (the “Boise IPO”). Boise Cascade, L.L.C. completed the Boise IPO on February 11, 2013 and became Boise Cascade Company. In connection with the Boise IPO, Boise Cascade Holdings, L.L.C.’s equity interest in Boise Cascade, L.L.C. was automatically exchanged for 29.7 million shares of common stock of Boise Cascade Company. Subsequent to the Boise IPO, Boise Cascade Holdings, L.L.C. executed a Fourth Amended and Restated Operating Agreement on February 26, 2013, pursuant to which Boise Cascade Holdings, L.L.C.’s existing Series B and Series C common units were exchanged for newly issued common units of Boise Cascade Holdings L.L.C., after which OfficeMax owns 5.9 million of the outstanding 29.7 million common units of Boise Cascade Holdings, L.L.C., representing a 20.01% ownership interest in Boise Cascade Holdings, L.L.C.

The non-voting securities of Boise Cascade Holdings, L.L.C. were redeemed at the original investment amount of $66 million in February 2013. Prior to the redemption, the non-voting securities accrued dividends daily at the rate of 8% per annum on the liquidation value plus the accumulated dividends. These dividends accumulated semiannually to the extent not paid in cash on the last day of June and December. The accumulated dividend receivable of $46.1 million was also collected in February 2013. Our policy was to record the income associated with these dividends as a reduction of operating, selling and general and administrative expenses in the Consolidated Statements of Income, and we recognized dividend income of $1.0 million and $2.1 million during the first three months of 2013 and 2012, respectively.

The income associated with the dividends on the non-voting equity securities ceased in the first quarter of 2013 as a result of the redemption of those securities. The voting securities do not accrue dividends. However, in February 2013, we received a distribution of $17.3 million related to the voting equity securities, which was recorded as a reduction in the carrying value of the Boise Investment. In April of 2013, we received an additional distribution of $4.4 million.

The Boise Investment represented a continuing involvement in the operations of the business we sold in 2004. Therefore, $179.8 million of gain realized from the sale was deferred. The redemption of the non-voting equity securities, as well as the distribution related to the voting equity securities, triggered recognition of a pre-tax operating gain of $85.6 million. The gain was reported, net of fees, as $85.4 million of income in operating expenses (income), net in the Consolidated Statements of Income. The remaining $94.2 million of deferred gain attributable to the voting equity securities will be recognized in earnings as the Company’s investment is reduced.

As of March 30, 2013, based on the trading value of the publicly traded shares of Boise Cascade Company on that date, there was no indication of impairment of the Boise Investment.

Contractual Obligations

For information regarding contractual obligations, see the caption “Contractual Obligations” in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report

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on Form 10-K for the year ended December 29, 2012. At March 30, 2013, there had not been a material change to the information regarding contractual obligations disclosed in our Annual Report on Form 10-K for the year ended December 29, 2012.

In accordance with an amended and restated joint venture agreement, the minority owner of Grupo OfficeMax, our joint-venture in Mexico, can elect to require OfficeMax to purchase the minority owner’s 49% interest in the joint venture if certain earnings targets are achieved. Earnings targets are calculated quarterly on a rolling four-quarter basis. Accordingly, the targets may be achieved in one quarter but not in the next. If the earnings targets are achieved and the minority owner elects to require OfficeMax to purchase the minority owner’s interest, the purchase price is based on the joint venture’s earnings and the current market multiples of similar companies. At the end of the first quarter of 2013, Grupo OfficeMax met the earnings targets and the estimated purchase price of the minority owner’s interest was $48.2 million. This represents an increase in the estimated purchase price from the end of the prior fiscal year that is attributable to higher market multiples for similar companies as of the measurement date and higher earnings for Grupo OfficeMax. As the estimated purchase price was greater than the carrying value of the noncontrolling interest as of the end of the year, the Company recorded an adjustment to state the noncontrolling interest at the estimated purchase price, and, as the estimated purchase price approximates fair value, the offset was recorded to additional paid-in capital.

Off-Balance-Sheet Activities and Guarantees

For information regarding off-balance-sheet activities and guarantees, see “Off-Balance-Sheet Activities and Guarantees” in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 29, 2012. At March 30, 2013, there had not been a material change to the information regarding off-balance-sheet activities and guarantees disclosed in our Annual Report on Form 10-K for the year ended December 29, 2012.

Seasonal Influences

Our business is seasonal, with Retail showing a more pronounced seasonal trend than Contract. Sales in the second quarter are historically the slowest of the year. Sales are stronger during the first, third and fourth quarters which include the important new-year office supply restocking month of January, the back-to-school period and the holiday selling season, respectively.

Disclosures of Financial Market Risks

Financial Instruments

Our debt is predominantly fixed-rate. At March 30, 2013, the estimated current fair value of our debt, based on quoted market prices when available or then-current interest rates for similar obligations with like maturities, including the timber notes, was approximately $154 million more than the amount of debt reported in the Consolidated Balance Sheets. As previously discussed, there is no recourse against OfficeMax on the securitized timber notes payable as recourse is limited to proceeds from the applicable pledged Installment Notes receivable and underlying guarantees. The debt and receivables related to the timber notes have fixed interest rates and are reflected in the tables below, along with the carrying amounts and estimated fair values.

We were not a party to any material derivative financial instruments in 2013 or 2012.

The following table provides information about our financial instruments outstanding at March 30, 2013. The following table does not include our obligations for pension plans and other post retirement benefits, although market risk also arises within our defined benefit pension plans to the extent that the obligations of the pension plans are not fully matched by assets with determinable cash flows. We sponsor noncontributory defined benefit pension plans covering certain terminated employees, vested employees, retirees, and some active

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OfficeMax employees. As our plans were frozen in 2003, our active employees and all inactive participants who are covered by the plans are no longer accruing additional benefits. However, the pension plan obligations are still subject to change due to fluctuations in long-term interest rates as well as factors impacting actuarial valuations, such as retirement rates and pension plan participants’ increased life expectancies. In addition to changes in pension plan obligations, the amount of plan assets available to pay benefits, contribution levels and expense are also impacted by the return on the pension plan assets. The pension plan assets include OfficeMax common stock, U.S. equities, international equities, global equities and fixed-income securities, the cash flows of which change as equity prices and interest rates vary. The risk is that market movements in equity prices and interest rates could result in assets that are insufficient over time to cover the level of projected obligations. This in turn could result in significant changes in pension expense and funded status, further impacting future required contributions. Management, together with the trustees who act on behalf of the pension plan beneficiaries, assess the level of this risk using reports prepared by independent external actuaries and take action, where appropriate, in terms of setting investment strategy and agreed contribution levels.

	March 30, 2013				December 29, 2012
	Carrying amount		Fair value		Carrying amount		Fair value
	(millions)
Financial assets:
Timber notes receivable - Wells	$	817.5	$	973.5	$	817.5	$	986.4
Boise Investment	$	91.7	$	206.9		—		—
Financial liabilities:
Recourse debt	$	237.2	$	234.2	$	236.2	$	229.4
Non-recourse debt - Wells	$	735.0	$	892.4	$	735.0	$	903.9

Prior to the first quarter of 2013, it was not considered practicable to estimate the fair value of the Boise Investment. Boise Cascade Holdings, L.L.C. and its subsidiaries were untraded companies without observable market inputs. However, as discussed in Note 8, “Investment in Boise Cascade Holdings, L.L.C.,” Boise Cascade Company became a publicly traded company through the Boise IPO executed in the first quarter of 2013. As of March 30, 2013, the Boise Investment constitutes an indirect interest in Boise Cascade Company’s publicly traded securities (NYSE: BCC). The availability of quoted market prices for the indirect investment makes the estimate of fair value practicable beginning in the first quarter of 2013.

Changes in foreign currency exchange rates expose us to financial market risk. We occasionally use derivative financial instruments, such as forward exchange contracts, to manage our exposure associated with commercial transactions and certain liabilities that are denominated in a currency other than the currency of the operating unit entering into the underlying transaction. We generally do not enter into derivative instruments for any other purpose. We do not speculate using derivative instruments.

The estimated fair values of our other financial instruments, including cash and cash equivalents and receivables are the same as their carrying values. Concentration of credit risks with respect to trade receivables is limited due to the wide variety of vendors, customers and channels to and through which our products are sourced and sold, as well as their dispersion across many geographic areas. In the fourth quarter of 2011, we became aware of financial difficulties at one of our large Contract customers. We granted the customer extended payment terms and implemented creditor oversight provisions. The receivable from this customer was $30.8 million at March 30, 2013, and a significant portion of that balance has been collected to date. Based on our ongoing sales to this customer, we continue to carry similar receivable balances, which we monitor closely.

Facility Closure Reserves

We conduct regular reviews of our real estate portfolio to identify underperforming facilities, and close those facilities that are no longer strategically or economically beneficial. We record a liability for the cost

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associated with a facility closure at its estimated fair value in the period in which the liability is incurred, primarily the location’s cease-use date. Upon closure, unrecoverable costs are included in facility closure reserves and include provisions for the present value of future lease obligations, less contractual or estimated sublease income. Accretion expense is recognized over the life of the payments.

During the first three months of 2012, we recorded facility closure charges of $25.3 million primarily related to the closure of 15 underperforming stores prior to the end of their lease terms. We had no such charges in the first quarter of 2013.

At March 30, 2013, the facility closure reserve was $67.7 million with $21.4 million included in current liabilities, and $46.2 million included in long-term liabilities. The reserve represents future lease obligations of $116.2 million, net of anticipated sublease income of approximately $48.5 million. Cash payments relating to the facility closures were $7.5 million and $3.8 million in the first three months of 2013 and 2012, respectively.

Environmental

For information regarding environmental issues, see the caption “Environmental” in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 29, 2012. At March 30, 2013, there has not been a material change to the information regarding environmental issues disclosed in the Company’s Annual Report on Form 10-K for the year ending December 29, 2012.

Critical Accounting Estimates

For information regarding critical accounting estimates, see the caption “Critical Accounting Estimates” in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 29, 2012. There have been no significant changes to the Company’s critical accounting estimates during the first three months of 2013.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For information regarding market risk see the caption “Disclosures of Financial Market Risks” herein and in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 29, 2012. At March 30, 2013, except as disclosed herein in “Disclosures of Financial Market Risks,” there had not been a material change to the information regarding market risk disclosed in the Company’s Annual Report on Form 10-K for the year ended December 29, 2012.

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ITEM 4. CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures

As of the end of the period covered by this report, the chief executive officer and chief financial officer directed and supervised an evaluation of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). The evaluation was conducted to determine whether the Company’s disclosure controls and procedures were effective in bringing material information about the Company to the attention of senior management. Based on this evaluation, our chief executive officer and chief financial officer concluded that as of the end of the period covered by this report, the Company’s disclosure controls and procedures were effective in alerting them in a timely manner to material information that the Company is required to disclose in its filings with the Securities and Exchange Commission.

(b) Changes in Internal Control Over Financial Reporting

There was no change in the Company’s internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act, during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II—OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We are involved in litigation and administrative proceedings arising in the normal course of our business. In the opinion of management, our recovery, if any, or our liability, if any, under pending litigation or administrative proceedings would not materially affect our financial position, results of operations or cash flows. For information concerning legal proceedings, see Note 16, “Legal Proceedings and Contingencies,” of the Notes to Consolidated Financial Statements in “Item 8. Financial Statements and Supplementary Data” in the Company’s Annual Report on Form 10-K for the year ended December 29, 2012.

Litigation Related to the Proposed Merger

Eight putative class action lawsuits challenging the Merger have been filed to date on behalf of a putative class consisting of OfficeMax stockholders. Six lawsuits have been filed in the Circuit Court of the Eighteenth Judicial Circuit of DuPage County, Illinois: (i) Venkata S. Donepudi v. OfficeMax Incorporated, et al. (Case Number 2013L000188), filed on February 25, 2013; (ii) Beth Koeneke v. OfficeMax Incorporated, et al. (Case Number 2013CH00076), filed on February 28, 2013; (iii) Marc Schmidt v. Saligram, et al. (Case Number 2013MR000411), filed on March 13, 2013; (iv) The Feivel & Helene Gottlieb Defined Benefit Pension Plan v. OfficeMax Incorporated, et al. (Case Number 2013L000246), filed on March 14, 2013; (v) Norman Klumpp v. Bryant et al. (Case Number 2013CH1107), filed on March 28, 2013; and (vi) J. David Lewis v. OfficeMax Incorporated, et al. (Case Number 2013CH001123), filed on March 29, 2013.

These lawsuits name OfficeMax, Office Depot, Inc., and the directors of OfficeMax, among others, as defendants. Each of the lawsuits is brought by a purported holder or holders of OfficeMax common stock, both individually and on behalf of a putative class of OfficeMax stockholders. The lawsuits generally allege, among other things, that the directors of OfficeMax breached their fiduciary duties to OfficeMax stockholders by agreeing to a transaction with inadequate and unfair consideration and pursuant to an inadequate and unfair process. The lawsuits further allege that OfficeMax and Office Depot, Inc. among others aided and abetted the OfficeMax directors in the breach of their fiduciary duties. The lawsuits seek, in general, (i) injunctive relief enjoining, preliminarily and permanently, the Merger, (ii) in the event that the Merger is consummated, rescission or an award of rescissory damages, (iii) an award of plaintiffs’ costs, including fees and expenses of attorneys and experts, and (iv) imposition of a constructive trust on behalf of the putative class members upon any benefits improperly received by defendants. All six lawsuits have been consolidated and a consolidated amended complaint was filed on April 26, 2013.

Two additional putative class action lawsuits challenging the Merger were filed in the United States District Court, Northern District of Illinois: (i) Eric Hollander v. OfficeMax Incorporated, et al. (Case Number 1:13cv3330), filed on May 2, 2013; and (ii) Thomas DeFabio, et al. v. OfficeMax Incorporated, et al. (Case Number 1:13cv3385), filed on May 6, 2013.

OfficeMax, Office Depot, Inc., and the OfficeMax board of directors believe that these lawsuits are without merit and intend to defend against them vigorously.

ITEM 1A. RISK FACTORS

For information regarding risk factors, see “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 29, 2012. There have been no material changes to the Company’s risk factors during the first three months of 2013, except as set forth below:

Risks Related to the Proposed Merger with Office Depot

As described elsewhere in this Quarterly Report on Form 10-Q we have entered into an agreement with Office Depot and certain other parties pursuant to which OfficeMax will become an indirect wholly-owned

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subsidiary of Office Depot, Inc. Our ability to complete the Merger with Office Depot is subject to risks and uncertainties, including, but not limited to, the risk that a condition to closing of the Merger may not be satisfied or that the Merger Agreement may be terminated in accordance with its terms, the risk that a regulatory approval that may be required for the Merger is not obtained or is obtained subject to conditions that are not anticipated, and other risks to consummation of the transaction. Additional risk factors associated with the proposed Merger with Office Depot include the following:

Our business could be adversely impacted by uncertainty related to the proposed Merger with Office Depot.

Whether or not the Merger is completed, the announcement and pendency of the Merger could impact or cause disruptions in our business, which could have an adverse effect on our results of operations and financial condition, including:

• our current customers, suppliers and other persons with whom we have business relationships may experience uncertainty associated with the Merger and may attempt to negotiate changes in existing business relationships or consider entering into business relationships with parties other than us, either before or after completion of the merger, and we may face additional challenges in competing for new and renewal business;

• our employees may experience uncertainty about their future roles with the combined company, which might adversely affect our ability to retain and hire key managers and other employees;

• the attention of our management may be directed toward the completion of the merger and transaction-related considerations and may be diverted from the day-to-day operation of our business; and

• under the Merger Agreement with Office Depot, both we and Office Depot have agreed to restrictions on the conduct of our respective businesses prior to completing the Merger, which may adversely affect our ability to execute certain business strategies, including the ability in certain cases to enter into contracts, acquire or dispose of assets, incur indebtedness or incur capital expenditures and may expose us to claims or liability in the event that our consent is required for any Office Depot action.

Failure to complete the proposed Merger with Office Depot could negatively impact our stock price and our future business and financial results.

If the proposed Merger is not completed, our ongoing business may be adversely affected and we will be subject to several risks, including the following:

• being required, under certain circumstances under the Merger Agreement with Office Depot, to pay Office Depot a termination fee of $30 million;

• having incurred certain costs relating to the proposed Merger that are payable whether or not the Merger is completed;

• the attention of our management will have been diverted to the Merger instead of our operations and pursuit of other opportunities that could have been beneficial to us; and

• customer perception may be negatively impacted which could affect our ability to compete for, or to win, new and renewal business in the marketplace.

Even if the proposed Merger with Office Depot is completed, the combined company will be subject to certain risks associated with the Merger.

In particular, the stock price and the business of the combined company could be adversely affected by certain risks associated with the Merger, including:

• the combined company may be unable to successfully integrate ours and Office Depot’s operations or to realize the anticipated synergies and other benefits of the Merger;

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• the combined company may be unable to attract or retain key employees, and key employees may depart because of issues relating to uncertainty or difficulty of integration or a desire not to remain with the combined company;

• as the businesses of OfficeMax and Office Depot are different, the results of operations as well as the price of the combined company common stock may be affected by factors different than those factors affecting OfficeMax as an independent stand-alone entity; and

• the combined company will incur significant transaction-related costs in connection with the Merger.

Additionally, risks associated with our proposed Merger with Office Depot are set forth under the caption “Risk Factors” in the Registration Statement on Form S-4 (Registration No 333-187807), filed by Office Depot.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Information concerning our stock repurchases during the three months ended March 30, 2013 is below. All stock was withheld to satisfy tax withholding obligations upon vesting of restricted stock awards.

Period	Total Number of Shares (or Units) Purchased			Average Price Paid Per Common Share (or Unit)		Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs		Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
December 30, 2012 – January 26, 2013		(179	)	$	9.76		—		—
January 27 – February 23, 2013		—			—		—		—
February 24 – March 30, 2013		—			—		—		—
Total		(179	)	$	9.76		—		—

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

Required exhibits are listed in the Index to Exhibits and are incorporated by reference.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

OFFICEMAX INCORPORATED

/s/    BRUCE BESANKO

Bruce Besanko

Executive Vice President, Chief Financial Officer and Chief Administrative Officer
(As Duly Authorized Officer and Principal
Financial Officer)

Date: May 7, 2013

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OFFICEMAX INCORPORATED

INDEX TO EXHIBITS

Filed with the Quarterly Report on Form 10-Q for the Quarter Ended March 30, 2013

Exhibit Number	Exhibit Description
2.1(1)	Agreement and Plan of Merger, dated as of February 20, 2013, by and among Office Depot, Inc., Dogwood Merger Sub Inc., Dogwood Merger Sub LLC, Mapleby Holdings Merger Corporation, Mapleby Merger Corporation and OfficeMax Incorporated.
3.1(2)	Conformed Restated Certificate of Incorporation, reflecting all amendments to date.
3.2(3)	Amended and Restated Bylaws, as amended February 12, 2009.
10.1(4)	Series A Common Unit Redemption Agreement as of February 10, 2013 by and among Boise Cascade Holdings, L.L.C., OfficeMax Incorporated, and, with respect to certain sections, Forest Products Holdings, L.L.C.
10.2(5)	Voting Agreement, dated as of February 20, 2013, by and among Office Depot, Inc., OfficeMax Incorporated, BC Partners, Inc. and the other investors party thereto.
10.3(6)	Fourth Amended and Restated Operating Agreement of Boise Cascade Holdings, L.L.C.
10.4*	Form of 2013 Annual Incentive Award Agreement (Company).
10.5*	Form of 2013 Annual Incentive Award Agreement (Business Unit).
10.6*	Form of 2013 Annual Incentive Award Agreement between OfficeMax Incorporated and Ravi Saligram.
10.7*	Form of 2013 Performance-Based RSU Award Agreement (executive officers other than Messrs. Saligram, Barr, Kenning, Lalla and Lewis).
10.8*	Form of 2013 Restricted Stock Unit Award Agreement – Time Based (executive officers other than Messrs. Saligram, Barr, Kenning, Lalla and Lewis).
10.9*	Form of 2013 Performance-Based RSU Award Agreement (Messrs. Saligram, Barr, Kenning, Lalla and Lewis).
10.10*	Form of 2013 Restricted Stock Unit Award Agreement – Time Based (Messrs. Saligram, Barr, Kenning, Lalla and Lewis).
31.1*	CEO Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*	CFO Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32**	Section 906 Certifications of Chief Executive Officer and Chief Financial Officer of OfficeMax Incorporated.
101.INS*	XBRL Instance Document.
101.SCH*	XBRL Taxonomy Extension Schema Document.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document.

  * Filed with this Form 10-Q.

45

** Furnished with this Form 10-Q.

(1) Exhibit 2.1 was filed under the exhibit 2.1 in our Current Report on Form 8-K dated February 22, 2013, and is incorporated herein by reference.

(2) Exhibit 3.1 was filed under the exhibit 3.1.1 in our Registration Statement on Form S-1 dated November 4, 2009, and is incorporated herein by reference.

(3) Exhibit 3.2 was filed under the exhibit 3.2 in our Current Report on Form 8-K dated February 18, 2009, and is incorporated herein by reference.

(4) Exhibit 10.1 was filed under the exhibit 99.2 in our Current Report on Form 8-K dated February 14, 2013, and is incorporated herein by reference.

(5) Exhibit 10.2 was filed under the exhibit 10.1 in our Current Report on Form 8-K dated February 22, 2013, and is incorporated herein by reference.

(6) Exhibit 10.3 was filed under the exhibit 10.1 in our Current Report on Form 8-K dated March 4, 2013, and is incorporated herein by reference.

46

EX-10.4

EXHIBIT 10.4

(Company)

OFFICEMAX INCORPORATED

2013 Annual Incentive Award Agreement

This potential Annual Incentive Award (the “Award”) is granted on Date (the “Award Date”), by OfficeMax Incorporated (the “Company”) to Name (“Awardee” or “you”) pursuant to the 2003 OfficeMax Incentive and Performance Plan, as may be amended from time to time (the “Plan”), and the following terms and conditions of this agreement (the “Agreement”):

1. Terms and Conditions. The Award is subject to all the terms and conditions of the Plan. All capitalized terms not defined in this Agreement shall have the meaning stated in the Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control unless this Agreement expressly states that an exception to the Plan is being made.

2. Definitions. For purposes of this Award, the following terms shall have the meanings stated below.

2.1. “Award Period” means the Company’s fiscal year ending on December 28, 2013.

2.2. “Base Salary” means your annual pay rate in effect at the end of the Award Period, (a) including any amounts deferred pursuant to an election under any 401(k) plan, pre-tax premium plan, deferred compensation plan, or flexible spending account sponsored by the Company or any Subsidiary, (b) but excluding any incentive compensation, employee benefit, or other cash benefit paid or provided under any incentive, bonus or employee benefit plan sponsored by the Company or any Subsidiary, and/or any excellence award, gains upon stock option exercises, restricted stock grants or vesting, moving or travel expense reimbursement, imputed income, or tax gross-ups, without regard to whether the payment or gain is taxable income to you.

2.3. “Cash Flow” means the Company’s cash from operations less capital expenditures, excluding the impact of foreign currency exchange rate fluctuation, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.4. “EBIT” means the Company’s earnings from continuing operations, excluding the impact of foreign currency exchange rate fluctuation, before interest and taxes adjusted for special items as disclosed and discussed in the earnings release for the award period, as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.5. “Net Sales” means the Company’s net sales, excluding the impact of foreign currency exchange rate fluctuation, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.6. “Return on Sales” means the ratio of the Company’s EBIT divided by Net Sales. Specifically, the ratio of the Company’s EBIT to Net Sales, expressed as a percentage, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

3. Target Award. You are hereby awarded a target Award of xx% of your Base Salary (referred to herein as your “Target Award”) subject to the terms and conditions set forth in the Plan and this Agreement.

4. Minimum Performance Measurement. As a condition of payment of the Award, the Company must achieve positive net income from continuing operations available to OfficeMax common shareholders adjusted for special items as disclosed and discussed in the earnings release. If

the above minimum performance measurements are achieved, then you may be eligible to receive up to 175% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

5. Award Calculation. Your Award will be calculated as follows:

5.1. Based on the Company’s Net Sales, EBIT, Cash Flow and Return on Sales, as weighted below, a payout amount will be determined using the chart below:

Net Sales * (millions) Weight: 20%	EBIT * (millions) Weight: 30%	ROS Percentage Weight: 30%	Cash Flow * (millions) Weight: 20%	Level of Payout
					0	%
					20	%
					80	%
					100	%
					125	%
					150	%
					175	%

* The total Company performance targets of Net Sales, EBIT and Cash Flow reflected in the table above, will be adjusted for foreign currency exchange rate fluctuations.

The applicable percentage is separately applied to each weighted performance measurement.

5.2. General Terms.

5.2.1 Payout multiples between the percentages and numbers indicated on the chart above will be calculated using straight-line interpolation.

5.2.2 Any Award that is earned will be paid in cash as soon as practicable after the Award Period, but in no event later than March 15 of the year following the year in which the Award Period ended.

5.2.3 If you are on a leave of absence during the Award Period, any Award payable to you shall be prorated based solely on the number of days during the Award Period that you actually worked and were eligible to participate in the Plan divided by the total number of days in the Award Period.

5.2.4 You must be actively employed or newly eligible for 90 days in order to be eligible to participate in the Plan for the Award Period.

5.2.5 No Award shall be earned if you receive a performing rating of “below expectations” or “unsatisfactory” and/or “does not live values” under the performance management program for the Award Period.

6. Effect of Termination of Employment. If you terminate employment at any time on or after the Award Date and before the Award is paid, your Award will be treated as follows:

6.1. If your termination of employment is a direct result of the sale or permanent closure of any facility or operating unit of the Company or any Subsidiary, or a bona fide curtailment, or a reduction in workforce, as determined by the Company in its sole and complete discretion, and you execute a waiver/release in the form required by the Company, you will receive a pro rata Award, if an Award is paid, based on the number of days during the Award Period that you were employed with the Company and were eligible to participate in the Plan divided by the total number of days in the Award Period.

2

6.2. If your termination of employment is a result of your death or total and permanent disability, as determined by the Company in its sole and complete discretion, you (or your estate, in the event of your death) will receive a pro rata Award, if an Award is paid, calculated as provided in paragraph 6.1.

6.3. If, at the time of your termination, you are at least age 55 and have completed at least 10 years of employment with the Company, as determined by the Company in its sole and complete discretion, you will receive a pro rata Award, if an Award is paid, calculated as provided in paragraph 6.1.

6.4. You must be actively employed with the Company for a minimum of 90 days during the Award Period in order to be eligible for any pro rata payment described in this paragraph 6.

6.5. Except as described in paragraphs 5.2.3, 6.1, 6.2 and 6.3, you must be actively employed by the Company or its Subsidiary on the date Awards are paid in order to be eligible to receive payment of an Award. You have no vested interest to the Award prior to the Award actually being paid to you by the Company. If you terminate employment with the Company for any reason other than as described in paragraph 6.1, 6.2 or 6.3, whether your termination is voluntary or involuntary, with or without cause, you will not be eligible to receive payment of any Award for the Award Period.

7. Right of the Committee. The Committee reserves the right to reduce or eliminate the Award for any reason.

8. Change in Control. In the event of a Change in Control prior to the end of the Award Period, the continuing entity may continue this Award. Notwithstanding any provisions of this Agreement or the Plan to the contrary, if the continuing entity does not so continue this Award, this Award shall become immediately fully vested and 100% of your Target Award shall be payable as of the date of such Change in Control.

You must sign this Agreement and return it to OfficeMax’s Compensation Department on or before March 15, 2013. Return your executed Agreement to: Becky Rios, OfficeMax, Compensation Department, 263 Shuman Boulevard, Naperville, Illinois 60563 or by fax at (630)647-3722.

OfficeMax Incorporated	Awardee: Name
Steve Parsons	Signature
Executive Vice President, Chief Human Resources Officer
	Printed Name
	Date

3

EX-10.5

Exhibit 10.5

(Business Unit)

OFFICEMAX INCORPORATED

2013 Annual Incentive Award Agreement

This potential Annual Incentive Award (the “Award”) is granted on Date (the “Award Date”), by OfficeMax Incorporated (the “Company”) to Name (“Awardee” or “you”) pursuant to the 2003 OfficeMax Incentive and Performance Plan, as may be amended from time to time (the “Plan”), and the following terms and conditions of this agreement (the “Agreement”):

1. Terms and Conditions. The Award is subject to all the terms and conditions of the Plan. All capitalized terms not defined in this Agreement shall have the meaning stated in the Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control unless this Agreement expressly states that an exception to the Plan is being made.

2. Definitions. For purposes of this Award, the following terms shall have the meanings stated below.

2.1. “Award Period” means the Company’s fiscal year ending on December 28, 2013.

2.2. “Base Salary” means your annual pay rate in effect at the end of the Award Period, (a) including any amounts deferred pursuant to an election under any 401(k) plan, pre-tax premium plan, deferred compensation plan, or flexible spending account sponsored by the Company or any Subsidiary, (b) but excluding any incentive compensation, employee benefit, or other cash benefit paid or provided under any incentive, bonus or employee benefit plan sponsored by the Company or any Subsidiary, and/or any excellence award, gains upon stock option exercises, restricted stock grants or vesting, moving or travel expense reimbursement, imputed income, or tax gross-ups, without regard to whether the payment or gain is taxable income to you.

2.3. “Cash Flow” means the Company’s cash from operations less capital expenditures, excluding the impact of foreign currency exchange rate fluctuation, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.4. “EBIT” means the Company’s earnings from continuing operations, excluding the impact of foreign currency exchange rate fluctuation, before interest and taxes adjusted for special items as disclosed and discussed in the earnings release for the award period, as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.5. “Net Sales” means the Company’s net sales, excluding the impact of foreign currency exchange rate fluctuation, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.6. “Return on Sales” means the ratio of the Company’s EBIT divided by Net Sales. Specifically, the ratio of the Company’s EBIT to Net Sales, expressed as a percentage, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

3. Target Award. You are hereby awarded a target Award of xx% of your Base Salary (referred to herein as your “Target Award”) subject to the terms and conditions set forth in the Plan and this Agreement.

4. Minimum Performance Measurement. As a condition of payment of the Award, the Company must achieve positive net income from continuing operations available to OfficeMax common shareholders adjusted for special items as disclosed and discussed in the earnings release. If the above minimum performance measurements are achieved, then you may be eligible to receive up to 175% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

5. Award Calculation. Your Award will be calculated as follows:

5.1. Based on the Company’s Net Sales, EBIT, Cash Flow and Return on Sales, and the business unit goal(s) as weighted below (70% Total Company / 30% Business Unit), a payout amount will be determined using the chart below:

Net Sales * (millions) Weight: 14%	EBIT * (millions) Weight: 21%	ROS Percentage Weight: 21%	Cash Flow * (millions) Weight: 14%	Level of Payout
					0	%
					20	%
					80	%
					100	%
					125	%
					150	%
					175	%

[Business Unit Goal] Weight: xx%	[Business Unit Goal] Weight: xx%	[Business Unit Goal] Weight: xx%	Level of Payout
				0	%
				20	%
				100	%
				175	%

* The total Company performance targets of Net Sales, EBIT and Cash Flow reflected in the table above, will be adjusted for foreign currency exchange rate fluctuations.

The applicable percentage is separately applied to each weighted performance measurement.

5.2. General Terms.

5.2.1 Payout multiples between the percentages and numbers indicated on the chart above will be calculated using straight-line interpolation.

5.2.2 Any Award that is earned will be paid in cash as soon as practicable after the Award Period, but in no event later than March 15 of the year following the year in which the Award Period ended.

5.2.3 If you are on a leave of absence during the Award Period, any Award payable to you shall be prorated based solely on the number of days during the Award Period that you actually worked and were eligible to participate in the Plan divided by the total number of days in the Award Period.

5.2.4 You must be actively employed or newly eligible for 90 days in order to be eligible to participate in the Plan for the Award Period.

5.2.5 No Award shall be earned if you receive a performing rating of “below expectations” or “unsatisfactory” and/or “does not live values” under the performance management program for the Award Period.

6. Effect of Termination of Employment. If you terminate employment at any time on or after the Award Date and before the Award is paid, your Award will be treated as follows:

6.1. If your termination of employment is a direct result of the sale or permanent closure of any facility or operating unit of the Company or any Subsidiary, or a bona fide curtailment, or a reduction in workforce, as determined by the Company in its sole and complete discretion, and you execute a waiver/release in the form required by the Company, you will receive a pro rata Award, if an Award is paid, based on the number of days during the Award Period that you were employed with the Company and were eligible to participate in the Plan divided by the total number of days in the Award Period.

2

6.2. If your termination of employment is a result of your death or total and permanent disability, as determined by the Company in its sole and complete discretion, you (or your estate, in the event of your death) will receive a pro rata Award, if an Award is paid, calculated as provided in paragraph 6.1.

6.3. If, at the time of your termination, you are at least age 55 and have completed at least 10 years of employment with the Company, as determined by the Company in its sole and complete discretion, you will receive a pro rata Award, if an Award is paid, calculated as provided in paragraph 6.1.

6.4. You must be actively employed with the Company for a minimum of 90 days during the Award Period in order to be eligible for any pro rata payment described in this paragraph 6.

6.5. Except as described in paragraphs 5.2.3, 6.1, 6.2 and 6.3, you must be actively employed by the Company or its Subsidiary on the date Awards are paid in order to be eligible to receive payment of an Award. You have no vested interest to the Award prior to the Award actually being paid to you by the Company. If you terminate employment with the Company for any reason other than as described in paragraph 6.1, 6.2 or 6.3, whether your termination is voluntary or involuntary, with or without cause, you will not be eligible to receive payment of any Award for the Award Period.

7. Right of the Committee. The Committee reserves the right to reduce or eliminate the Award for any reason.

8. Change in Control. In the event of a Change in Control prior to the end of the Award Period, the continuing entity may continue this Award. Notwithstanding any provisions of this Agreement or the Plan to the contrary, if the continuing entity does not so continue this Award, this Award shall become immediately fully vested and 100% of your Target Award shall be payable as of the date of such Change in Control.

You must sign this Agreement and return it to OfficeMax’s Compensation Department on or before March 15, 2013. Return your executed Agreement to: Becky Rios, OfficeMax, Compensation Department, 263 Shuman Boulevard, Naperville, Illinois 60563 or by fax at (630)647-3722.

OfficeMax Incorporated	Awardee: Name
Steve Parsons	Signature
Executive Vice President,
Chief Human Resources Officer
	Printed Name
	Date

3

EX-10.6

EXHIBIT 10.6

(CEO)

OFFICEMAX INCORPORATED

2013 Annual Incentive Award Agreement

This potential Annual Incentive Award (the “Award”) is granted on Date (the “Award Date”), by OfficeMax Incorporated (the “Company”) to Ravi Saligram (“Awardee” or “you”) pursuant to the 2003 OfficeMax Incentive and Performance Plan, as may be amended from time to time (the “Plan”), and the following terms and conditions of this agreement (the “Agreement”):

1. Terms and Conditions. The Award is subject to all the terms and conditions of the Plan. All capitalized terms not defined in this Agreement shall have the meaning stated in the Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control unless this Agreement expressly states that an exception to the Plan is being made.

2. Definitions. For purposes of this Award, the following terms shall have the meanings stated below.

2.1. “Award Period” means the Company’s fiscal year ending on December 28, 2013.

2.2. “Base Salary” means your annual pay rate in effect at the end of the Award Period, (a) including any amounts deferred pursuant to an election under any 401(k) plan, pre-tax premium plan, deferred compensation plan, or flexible spending account sponsored by the Company or any Subsidiary, (b) but excluding any incentive compensation, employee benefit, or other cash benefit paid or provided under any incentive, bonus or employee benefit plan sponsored by the Company or any Subsidiary, and/or any excellence award, gains upon stock option exercises, restricted stock grants or vesting, moving or travel expense reimbursement, imputed income, or tax gross-ups, without regard to whether the payment or gain is taxable income to you.

2.3. “Cash Flow” means the Company’s cash from operations less capital expenditures, excluding the impact of foreign currency exchange rate fluctuation, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.4. “EBIT” means the Company’s earnings from continuing operations, excluding the impact of foreign currency exchange rate fluctuation, before interest and taxes adjusted for special items as disclosed and discussed in the earnings release for the award period, as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.5. “Net Sales” means the Company’s net sales, excluding the impact of foreign currency exchange rate fluctuation, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

2.6. “Return on Sales” means the ratio of the Company’s EBIT divided by Net Sales. Specifically, the ratio of the Company’s EBIT to Net Sales, expressed as a percentage, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

3. Target Award. You are hereby awarded a target Award of xx% of your Base Salary (referred to herein as your “Target Award”) subject to the terms and conditions set forth in the Plan and this Agreement.

4. Minimum Performance Measurement. As a condition of payment of the Award, the Company must achieve positive net income from continuing operations available to OfficeMax common shareholders adjusted for special items as disclosed and discussed in the earnings release. If

the above minimum performance measurements are achieved, then you may be eligible to receive up to 200% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

5. Award Calculation. Your Award will be calculated as follows:

5.1. Based on the Company’s Net Sales, EBIT, Cash Flow and Return on Sales, as weighted below, a payout amount will be determined using the chart below:

Net Sales * (millions) Weight: 20%	EBIT * (millions) Weight: 30%	ROS Percentage Weight: 30%	Cash Flow * (millions) Weight: 20%	Level of Payout
					0	%
					20	%
					80	%
					100	%
					125	%
					150	%
					175	%
					200	%

* The total Company performance targets of Net Sales, EBIT and Cash Flow reflected in the table above, will be adjusted for foreign currency exchange rate fluctuations.

The applicable percentage is separately applied to each weighted performance measurement.

5.2. General Terms.

5.2.1 Payout multiples between the percentages and numbers indicated on the chart above will be calculated using straight-line interpolation.

5.2.2 Any Award that is earned will be paid in cash as soon as practicable after the Award Period, but in no event later than March 15 of the year following the year in which the Award Period ended.

5.2.3 If you are on a leave of absence during the Award Period, any Award payable to you shall be prorated based solely on the number of days during the Award Period that you actually worked and were eligible to participate in the Plan divided by the total number of days in the Award Period.

5.2.4 You must be actively employed or newly eligible for 90 days in order to be eligible to participate in the Plan for the Award Period.

5.2.5 No Award shall be earned if you receive a performing rating of “below expectations” or “unsatisfactory” and/or “does not live values” under the performance management program for the Award Period.

6. Effect of Termination of Employment. If you terminate employment at any time on or after the Award Date and before the Award is paid, your Award will be treated as follows:

6.1. If your termination of employment is a direct result of the sale or permanent closure of any facility or operating unit of the Company or any Subsidiary, or a bona fide curtailment, or a reduction in workforce, as determined by the Company in its sole and complete discretion, and you execute a waiver/release in the form required by the Company, you will receive a pro rata Award, if an Award is paid, based on the number of days during the Award Period that you were employed with the Company and were eligible to participate in the Plan divided by the total number of days in the Award Period.

2

6.2. If your termination of employment is a result of your death or total and permanent disability, as determined by the Company in its sole and complete discretion, you (or your estate, in the event of your death) will receive a pro rata Award, if an Award is paid, calculated as provided in paragraph 6.1.

6.3. If, at the time of your termination, you are at least age 55 and have completed at least 10 years of employment with the Company, as determined by the Company in its sole and complete discretion, you will receive a pro rata Award, if an Award is paid, calculated as provided in paragraph 6.1.

6.4. You must be actively employed with the Company for a minimum of 90 days during the Award Period in order to be eligible for any pro rata payment described in this paragraph 6.

6.5. Except as described in paragraphs 5.2.3, 6.1, 6.2 and 6.3, you must be actively employed by the Company or its Subsidiary on the date Awards are paid in order to be eligible to receive payment of an Award. You have no vested interest to the Award prior to the Award actually being paid to you by the Company. If you terminate employment with the Company for any reason other than as described in paragraph 6.1, 6.2 or 6.3, whether your termination is voluntary or involuntary, with or without cause, you will not be eligible to receive payment of any Award for the Award Period.

7. Right of the Committee. The Committee reserves the right to reduce or eliminate the Award for any reason.

8. Change in Control. In the event of a Change in Control prior to the end of the Award Period, the continuing entity may continue this Award. Notwithstanding any provisions of this Agreement or the Plan to the contrary, if the continuing entity does not so continue this Award, this Award shall become immediately fully vested and 100% of your Target Award shall be payable as of the date of such Change in Control.

You must sign this Agreement and return it to OfficeMax’s Compensation Department on or before March 15, 2013. Return your executed Agreement to: Pat Abrego-Santucci, OfficeMax, Compensation Department, 263 Shuman Boulevard, Naperville, Illinois 60563 or by fax at (630)647-3722.

OfficeMax Incorporated	Awardee: Ravi Saligram
Steve Parsons	Signature
Executive Vice President,
Chief Human Resources Officer
	Printed Name
	Date

3

EX-10.7

Exhibit 10.7

(Executive officers other than Messrs.

Saligram, Barr, Kenning, Lalla and Lewis)

OfficeMax Incorporated

2013 Performance-Based RSU Award Agreement

This Performance-Based Restricted Stock Unit (RSU) Award (the “Award”) is granted on February 19, 2013 (the “Award Date”) by OfficeMax Incorporated (“OfficeMax”) to Name (“Awardee” or “you”) pursuant to the 2003 OfficeMax Incentive and Performance Plan, as amended from time to time (the “Plan”), and the following terms and conditions of this agreement (the “Agreement”):

1. Terms and Conditions. The Award is subject to all the terms and conditions of the Plan. All capitalized terms not defined in this Agreement shall have the meaning stated in the Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control unless this Agreement expressly states that an exception to the Plan is being made.

2. Target Award. You are hereby awarded a target grant of xx,xxx Performance-Based RSUs (your “Target Award”) at no cost to you, subject to the terms and conditions, including adjustments, set forth in the Plan and this Agreement.

3. Definitions –

a. EBIT. EBIT shall mean OfficeMax’s earnings from continuing operations, excluding the impact of foreign currency exchange rate fluctuation, before interest and taxes adjusted for special items as disclosed and discussed in the earnings release for the Performance Period, as calculated by OfficeMax, consistent with Section 162(m) of the Code, in its sole and complete discretion.

b. Net Sales. Net Sales shall mean OfficeMax’s net sales, excluding the impact of foreign currency exchange rate fluctuation, for the Performance Period as calculated by OfficeMax, consistent with Section 162(m) of the Code, in its sole and complete discretion.

c. Operating Margin (ROS). Operating Margin (ROS) means the Company’s EBIT divided by Net Sales. Specifically, the ratio of the Company’s EBIT to Net Sales, expressed as a percentage, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

d. Performance Period. The Performance Period shall mean the three consecutive fiscal years commencing with the fiscal year in which the Award Date occurs.

4. Minimum Performance Measurement. As a condition of vesting under paragraph 5, OfficeMax’s net income from operations available to its common shareholders (adjusted for special items, as disclosed and discussed in the earnings release) for the Performance Period must be positive.

5. Vesting and Additional Performance Measurement Adjustments. Subject to paragraphs 4 and 6, your Award will vest and be adjusted as follows:

Your Award shall vest on February 19, 2016 if you are actively employed by OfficeMax on that date, and shall be payable as soon as practical thereafter, but not later than March 15, 2016.

Your Target Award shall be adjusted based on 2013-2015 Operating Margin (ROS) in accordance with the following chart:

2013-2015 Operating Margin (ROS)	Payout as a Percentage of Target Award
	125%
	100%
	20%
	0%

1

OfficeMax Incorporated

2013 Performance-Based RSU Award Agreement

At the end of the Performance Period, the Committee will review OfficeMax’s 2013-2015 Operating Margin (ROS) and determine the adjustments to your Target Award (subject to paragraph 6 of this Agreement regarding termination of employment during the Performance Period). Where actual performance falls between the amounts outlined in the left column above, the payout as a percentage of your Target Award shall be calculated using straight-line interpolation.

6. Termination of Employment During Performance Period.

a. If your employment with OfficeMax terminates at any time on or after the Award Date and before the end of the Performance Period, your Award will both vest (subject to paragraphs 4 and 5) and be payable in accordance with this paragraph 6.

If your termination of employment occurs before the end of the Performance Period and:

i. you terminate employment as a result of your death or total and permanent disability, as determined by OfficeMax in its sole and complete discretion,

ii. you are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan, or

iii. you voluntarily terminate employment and at the time of your termination you are at least age 55 and have completed at least 10 years of employment with OfficeMax,

then your Award shall vest (subject to paragraphs 4 and 5) on your employment termination date in a pro rata manner based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 36 months.

The vested portion of your Award, as determined above, shall be payable in accordance with the general payment timing provisions of paragraph 5, as applicable.

b. Six-Month Minimum Employment and Plan Participation Requirement. Notwithstanding the foregoing, in order to be eligible for the pro rata vesting described in paragraphs 6.a, you must be employed with OfficeMax prior to July 1 of the first fiscal year in the Performance Period and have been a participant in the Plan for a minimum of six continuous months during the 2013 fiscal year.

c. Other Terminations. Upon your voluntary or involuntary termination for any reason not meeting the criteria specified in paragraph 6.a. for pro rata vesting, all unvested Performance-Based RSUs relating to your Award as of the date of your termination of employment with OfficeMax shall be immediately forfeited and canceled. Additionally, if your employment is terminated for “disciplinary reasons” as defined in the Executive Officer Severance Pay Policy (or any successor policy) or if you retire or resign and OfficeMax determines within six months thereafter that your conduct prior to your retirement or resignation warranted termination for “disciplinary reasons,” then (a) any vested or unvested Performance-Based RSUs in this Award will be forfeited and cancelled and (b) OfficeMax shall have the right to recover from you the amount of the value of the Stock at the time of the determination or, if disposed prior to the determination, at the time of disposition.

d. Payment Upon Termination Due to Death. If your termination occurs as a result of your death, payment with respect to your vested Performance-Based RSUs relating to your Award shall be made only to your beneficiary, executor or administrator of your estate or the person or persons to whom the rights to payment of such Performance-Based RSUs shall pass by will or the laws of descent and distribution, as determined by OfficeMax in its sole and complete discretion.

7. Change in Control. In the event of a Change in Control prior to February 19, 2016, except as otherwise determined by OfficeMax in its sole and complete discretion, this Award will vest as described below.

a. If the continuing entity assumes this Award, except as described below, your Target Award will fully vest, without regard to the adjustment specified in paragraph 5, on February 16, 2016 if you are actively employed by the continuing entity on that date (or will vest on a pro rata basis if your employment terminates earlier as described in paragraph 6.a in which case any reference to OfficeMax will be deemed to refer to OfficeMax or the continuing entity, as applicable). Payment of your Award will be made in accordance with the general payment timing provisions of paragraph 5.

2

OfficeMax Incorporated

2013 Performance-Based RSU Award Agreement

b. Notwithstanding the foregoing, if the continuing entity assumes this Award, and you subsequently experience a “qualifying termination” as defined in the Plan or you are deemed to have a “qualifying termination” as of the Change in Control pursuant to Section 24.2 of the Plan, you will be immediately vested in your Target Award, without regard to the adjustment specified in paragraph 5, as of your qualifying termination, and your Target Award will paid within 2-1/2 months after your “qualifying termination.”

c. If the continuing entity does not assume this Award as of the Change in Control, you will be immediately fully vested in your Target Award, without regard to the adjustment specified in paragraph 5, as of the Change in Control, and your Target Award will be paid within 2-1/2 months after the Change in Control. However, if you terminated employment with OfficeMax before the Change in Control and were vested in a portion of your Award pursuant to paragraph 6.a above, then such portion will be paid within 2-1/2 months after the Change in Control.

8. Nontransferability. The Performance-Based RSUs awarded pursuant to this Agreement cannot be sold, assigned, pledged, hypothecated, transferred, or otherwise encumbered prior to vesting. Any attempt to transfer your rights in the awarded Performance-Based RSUs prior to vesting will result in the immediate forfeiture and cancellation of such units. Notwithstanding the foregoing, subject to the approval of OfficeMax in its sole and complete discretion, Performance-Based RSUs awarded pursuant to this Agreement may be transferable to members of your immediate family and to one or more trusts for the benefit of such family members, partnerships in which such family members are the only partners, or corporations in which such family members are the only stockholders.

9. Stockholder Rights. You will not receive dividends or dividend units on the Performance-Based RSUs awarded pursuant to this Agreement. With respect to the Performance-Based RSUs awarded hereunder, you are not a shareholder and do not have any voting rights until such units vest and shares are recorded as issued on OfficeMax’s official stockholder records.

10. Share Payment; Code Section 162(m). Vested Performance-Based RSUs relating to your Target Award will be paid to you in whole shares of Stock. Partial shares, if any, will be paid in cash. Notwithstanding any provision in the Plan or this Agreement to the contrary, if in OfficeMax’s good faith determination, some or all of the remuneration attributable to this payment is not deductible by OfficeMax for federal income tax purposes pursuant to Code Section 162(m), then payment of such units will occur on the date OfficeMax anticipates, or should reasonably anticipate, that payment would qualify for deduction under Code Section 162(m).

11. Tax Withholding. The amount of shares of Stock to be paid to you will be reduced by that number of shares of Stock having a Fair Market Value equal to the required minimum federal and state withholding amounts triggered by the vesting of your Performance-Based RSUs. To the extent a fractional share of Stock is needed to satisfy such tax withholding, the number of shares of Stock withheld will be rounded up to the next whole number. Alternatively, you may elect within 60 calendar days from the Award Date to satisfy such withholding requirements in cash.

12. Non-Solicitation and Non-Compete. This paragraph 12 shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to choice of law rules. If Delaware law, for whatever reason, is not applied, then this paragraph 12 shall be enforced to the maximum extent allowable under otherwise applicable state law. For the period beginning on the Award Date and ending one year following your termination of employment with OfficeMax, you will not (i) directly or indirectly employ, recruit or solicit for employment any person who is (or was within six (6) months prior

3

OfficeMax Incorporated

2013 Performance-Based RSU Award Agreement

to your employment termination date) an employee of OfficeMax, an Affiliate or Subsidiary; or (ii) commence Employment with a Competitor in a substantially similar capacity to any position you held with OfficeMax during the last 12 months of your employment with OfficeMax and having the responsibility within the same geographic area(s) for which you had responsibility during the last 12 months of your employment with OfficeMax. If you violate the terms of this paragraph 12 or of any other confidentiality, non-competition, non-solicitation or other similar agreement during or after your employment with OfficeMax, you will forfeit, as of the first day of any such violation, all right, title and interest to the Performance-Based RSUs and any shares of Stock you own in settlement of your Performance-Based RSUs on or after such date. Without limiting any other remedy available to OfficeMax, OfficeMax shall have the right to issue a stop transfer order and other appropriate instructions to its transfer agent with respect to these Performance Units, OfficeMax shall have the right to recover from you the amount of the value of the Stock at the time of the violation or, if disposed prior to the violation, at the time of disposition, and OfficeMax further will be entitled to reimbursement of any fees and expenses (including attorneys’ fees) incurred by or on behalf of OfficeMax in enforcing its rights under this paragraph 12. By accepting this Award, you consent to a deduction from any amounts OfficeMax, an Affiliate or Subsidiary owes to you (including wages or other compensation, fringe benefits, or vacation pay, as well as other amounts owed to you), to the extent of any amounts that you owe to OfficeMax under this paragraph 12. If OfficeMax does not recover by means of set-off the full amount owed to OfficeMax, you agree to pay immediately the unpaid balance to OfficeMax.

a. “Competitor” means any business, foreign or domestic, which is engaged, at any time relevant to the provisions of this Agreement, in the sale or distribution of products, or in the provision of services in competition with the products sold or distributed or services provided by OfficeMax, an Affiliate, Subsidiary, partnership, or joint venture of OfficeMax. The determination of whether a business is a Competitor shall be made by OfficeMax’s General Counsel, in his or her sole and complete discretion.

b. “Employment with a Competitor” means providing services as an employee or consultant, or otherwise rendering services of a nature for remuneration, to a Competitor, as determined by OfficeMax’s General Counsel, in his or her sole and complete discretion.

12. No Special Employment. Nothing contained in this Agreement or in the Plan shall be construed or deemed under any circumstances to bind OfficeMax to continue your employment for any particular period of time.

13. Acceptance of Terms and Conditions. You must sign this Agreement and return it to OfficeMax’s Compensation Department on or before              or the Award will be forfeited. Return your executed Agreement to: Becky Rios by mail at OfficeMax, 263 Shuman Boulevard (5E238), Naperville, Illinois 60563 or by fax at (630) 647-3722.

OfficeMax Incorporated	Awardee: Name
Steve Parsons	Signature:
Executive Vice President, Chief Human Resources Officer	Date:

4

EX-10.8

Exhibit 10.8

(Executive officers other than Messrs.

Saligram, Barr, Kenning, Lalla and Lewis)

OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

This Restricted Stock Unit Award (the “Award”) is granted on February 19, 2013 (the “Award Date”) by OfficeMax Incorporated (“OfficeMax”) to Name (“Awardee” or “you”) pursuant to the 2003 OfficeMax Incentive and Performance Plan, as may be amended from time to time (the “Plan”), and the following terms and conditions of this agreement (the “Agreement”):

1. Terms and Conditions. The Award is subject to all the terms and conditions of the Plan. All capitalized terms not defined in this Agreement shall have the meaning stated in the Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control unless this Agreement expressly states that an exception to the Plan is being made.

2. Award. You are hereby awarded a grant of xx,xxx Restricted Stock Units (your “RSU Award”) at no cost to you, subject to the terms and conditions, including adjustments, set forth in the Plan and this Agreement.

3. Vesting and General Timing of Payment. Subject to the provisions of this Agreement and the Plan, your RSU Award will vest on a pro rata basis over a three-year restriction period beginning as of the Award Date (the “Restriction Period”), with one-third of your RSU Award vesting on the first, second, and third anniversary of the Award Date (each a “Vesting Date”), and each vested Restricted Stock Unit will be paid as soon as practical following the applicable Vesting Date, but in no event shall payment be made later than March 15th of the year following the year in which the applicable Vesting Date occurs. Except as otherwise specified in this Agreement, upon your voluntary or involuntary termination of employment with OfficeMax for any reason during the Restriction Period, all then-unvested Restricted Stock Units will be immediately forfeited and canceled.

4. Termination of Employment During Restriction Period. Subject to paragraph 6, if your employment with OfficeMax terminates at any time on or after the Award Date and before February 19, 2016, your RSU Award will both vest and be payable in accordance with this paragraph 4.

a. Termination Prior to First Vesting Date. If your termination of employment occurs before February 19, 2014 and:

i. you terminate employment as a result of your death or total and permanent disability, as determined by OfficeMax in its sole and complete discretion, or

ii. you are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan,

then your RSU Award shall vest on your employment termination date in a pro rata manner as follows:

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2014 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 12 months, plus

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2015 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 24 months, plus

OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2016 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 36 months.

b. Termination Between First and Second Vesting Date. If your termination of employment occurs after February 19, 2014 but before February 19, 2015 and:

i. you terminate employment as a result of your death or total and permanent disability, as determined by OfficeMax in its sole and complete discretion, or

ii. you are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan,

then your RSU Award (to the extent then unvested) shall vest on your employment termination date in a pro rata manner as follows:

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2015 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 24 months, plus

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2016 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 36 months.

c. Termination Between Second and Third Vesting Date. If your termination of employment occurs after February 19, 2015 but before February 19, 2016 and:

i. you terminate employment as a result of your death or total and permanent disability, as determined by OfficeMax in its sole and complete discretion, or

ii. you are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan,

then your RSU Award (to the extent then-unvested) shall vest on your employment termination date in a pro rata manner as follows:

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2016 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 36 months.

d. Payment of Pro Rata Amount. Any pro rata vested Restricted Stock Units pursuant to this paragraph 4 shall be paid as soon as practical following your termination of employment with OfficeMax, but in no event shall payment be made later than March 15th of the year following the year in which such termination of employment occurs.

e. Payment Upon Termination Due to Death. If your termination occurs as a result of your death, payment with respect to your vested Restricted Stock Units relating to your RSU Award shall be made only to your beneficiary, executor or administrator of your estate or

2 of 5

OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

the person or persons to whom the rights to payment of such Restricted Stock Units shall pass by will or the laws of descent and distribution, as determined by OfficeMax in its sole and complete discretion.

5. Share Payment. Vested Restricted Stock Units relating to your RSU Award will be paid to you in whole shares of Stock. Partial shares, if any, will be paid in cash.

6. Change in Control. In the event of a Change in Control prior to February 19, 2016, the continuing entity may either continue this Award or replace this Award with an award of at least equal value with terms and conditions not less favorable than the terms and conditions provided in this Agreement, in which case the new award will vest according to the terms of the applicable award agreement. Notwithstanding any provisions of this Agreement or the Plan to the contrary, if the continuing entity does not so continue or replace this Award, or if you experience a “qualifying termination,” or you are deemed to have a “qualifying termination” as of the Change in Control pursuant to Section 24.2 of the Plan, then all restrictions described in this Agreement will lapse with respect to all unvested Restricted Stock Units relating to your RSU Award at the time of the Change in Control or your qualifying termination (as applicable), all such Restricted Stock Units will vest immediately, and payment of your RSU Award (or any unpaid portion thereof) shall be made within 2-1/2 months after the Change in Control or “qualifying termination” (as applicable) occurred. “Qualifying termination” shall be defined as set forth in the Plan.

7. Code Section 162(m); Mandatory Deferral of Payment. Although OfficeMax does not reasonably anticipate, as of the Award Date, the application of Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), at the time of any payment due hereunder, if OfficeMax reasonably anticipates that its deduction with respect to any such payment otherwise would not be permitted by application of Code Section 162(m) at the time of the payment, then, notwithstanding any provision of this Agreement or the Plan to the contrary, such payment shall be deferred and instead shall be made as soon as reasonably practicable following the first date on which OfficeMax anticipates (or reasonably should have anticipated) that such payment would no longer be restricted due to the application of Code Section 162(m).

8. Nontransferability. The Restricted Stock Units awarded pursuant to this Agreement cannot be sold, assigned, pledged, hypothecated, transferred, or otherwise encumbered prior to vesting. Any attempt to transfer your rights in the awarded Restricted Stock Units prior to vesting will result in the immediate forfeiture and cancellation of such units. Subject to the approval of OfficeMax in its sole and complete discretion, Restricted Stock Units awarded pursuant to this Agreement may be transferable to members of your immediate family and to one or more trusts for the benefit of such family members, partnerships in which such family members are the only partners, or corporations in which such family members are the only stockholders.

9. Stockholder Rights. You will not receive dividends or dividend units on the Restricted Stock Units awarded pursuant to this Agreement. With respect to the Restricted Stock Units awarded hereunder, you are not a shareholder and do not have any voting rights until such units vest and shares are recorded as issued on OfficeMax’s official stockholder records.

10. Tax Withholding. The amount of shares of Stock to be paid to you will be reduced by that number of shares of Stock having a Fair Market Value equal to the required minimum federal and state withholding amounts triggered by the vesting of your Restricted Stock Units. To the extent a fractional share of Stock is needed to satisfy such tax withholding, the number of shares of Stock withheld will be rounded up to the next whole number. Alternatively, you may elect within 60 calendar days from the Award Date to satisfy such withholding requirements in cash.

11. Non-Solicitation and Non-Compete. To the maximum extent allowable under applicable state law, for the period beginning on the Award Date and ending one year following your termination of employment with OfficeMax, you will not (i) directly or indirectly employ, recruit or solicit for

3 of 5

OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

employment any person who is (or was within six (6) months prior to your employment termination date) an employee of OfficeMax, an Affiliate or Subsidiary; or (ii) commence Employment with a Competitor in a substantially similar capacity to any position you held with OfficeMax during the last 12 months of your employment with OfficeMax and having the responsibility with the same geographic area(s) for which you had responsibility during the last 12 months of your employment with OfficeMax. If you violate the terms of this paragraph 11 at any time, you will forfeit, as of the first day of any such violation, all right, title and interest to the Restricted Stock Units and any shares of Stock you own in settlement of your Restricted Stock Units on or after such date. OfficeMax shall have the right to issue a stop transfer order and other appropriate instructions to its transfer agent with respect to these restricted stock units, and OfficeMax further will be entitled to reimbursement of any fees and expenses (including attorneys’ fees) incurred by or on behalf of OfficeMax in enforcing its rights under this paragraph 11. By accepting this Award, you consent to a deduction from any amounts OfficeMax, an Affiliate or Subsidiary owes to you (including wages or other compensation, fringe benefits, or vacation pay, as well as other amounts owed to you), to the extent of any amounts that you owe to OfficeMax under this paragraph 11. If OfficeMax does not recover by means of set-off the full amount owed to OfficeMax, you agree to pay immediately the unpaid balance to OfficeMax.

a. “Competitor” means any business, foreign or domestic, which is engaged, at any time relevant to the provisions of this Agreement, in the sale or distribution of products, or in the provision of services in competition with the products sold or distributed or services provided by OfficeMax, an Affiliate, Subsidiary, partnership, or joint venture of OfficeMax. The determination of whether a business is a Competitor shall be made by OfficeMax’s General Counsel, in his or her sole and complete discretion.

b. “Employment with a Competitor” means providing significant services as an employee or consultant, or otherwise rendering services of a significant nature for remuneration, to a Competitor, as determined by OfficeMax’s General Counsel, in his or her sole and complete discretion.

12. Use of Personal Data. By executing this Agreement, you hereby agree freely, and with your full knowledge and consent, to the collection, use, processing and transfer (collectively, the “Use”) of certain personal data such as your name, salary, nationality, job title, position evaluation rating along with details of all past awards and current awards outstanding under the Plan (collectively, the “Data”), for the purpose of managing and administering the Plan. You further acknowledge and agree that OfficeMax and/or any of its Affiliates may make Use of the Data amongst themselves and/or any other third parties assisting OfficeMax in the administration and management of the Plan (collectively, the “Data Recipients”). In keeping therewith, you hereby further authorize any Data Recipient, including Data Recipients located in foreign jurisdictions, to continue to make Use of the Data, in electronic or other form, for the purposes of administering and managing the Plan, including without limitation, any necessary Use of such Data as may be required for the subsequent holding of shares on your behalf by a broker or other third party with whom you may elect to deposit any shares acquired through the Plan.

OfficeMax shall, at all times, take all commercially reasonable efforts to ensure that appropriate safety measures shall be in place to ensure the confidentiality of the Data, and that no Use will be made of the Data for any purpose other than the administration and management of the Plan. You may, at any time, review your Data and request necessary amendments to such Data. You may withdraw your consent to Use of the Data herein by notifying OfficeMax in writing at the address specified in paragraph 13; however by withdrawing your consent to use Data, you may affect your eligibility to participate in the Plan.

By executing this Agreement you hereby release and forever discharge OfficeMax from any and all claims, demands, actions, causes of action, damages, liabilities, costs, losses and expenses arising out of, or in connection with, the Use of the Data including, without limitation, any and all claims for invasion of privacy, defamation and any other personal, moral and/or property rights.

4 of 5

OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

13. Acceptance of Terms and Conditions. You must sign this Agreement and return it to Becky Rios, OfficeMax’s Compensation Department on or before              by mail to OfficeMax, 263 Shuman Boulevard (5E238), Naperville, Illinois 60563, by fax at 1-630-647-3722 or by email to rebeccarios@officemax.com.

OfficeMax Incorporated	Awardee: Name
Steve Parsons	Signature:
Executive Vice President, Chief Human Resources Officer
	Date:

5 of 5

EX-10.9

Exhibit 10.9

(Messrs. Saligram, Barr,

Kenning, Lalla and Lewis)

OfficeMax Incorporated

2013 Performance-Based RSU Award Agreement

This Performance-Based Restricted Stock Unit (RSU) Award (the “Award”) is granted on February 19, 2013 (the “Award Date”) by OfficeMax Incorporated (“OfficeMax”) to Name (“Awardee” or “you”) pursuant to the 2003 OfficeMax Incentive and Performance Plan, as amended from time to time (the “Plan”), and the following terms and conditions of this agreement (the “Agreement”):

1. Terms and Conditions. The Award is subject to all the terms and conditions of the Plan. All capitalized terms not defined in this Agreement shall have the meaning stated in the Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control unless this Agreement expressly states that an exception to the Plan is being made.

2. Target Award. You are hereby awarded a target grant of xx,xxx Performance-Based RSUs (your “Target Award”) at no cost to you, subject to the terms and conditions, including adjustments, set forth in the Plan and this Agreement.

3. Definitions –

a. EBIT. EBIT shall mean OfficeMax’s earnings from continuing operations, excluding the impact of foreign currency exchange rate fluctuation, before interest and taxes adjusted for special items as disclosed and discussed in the earnings release for the Performance Period, as calculated by OfficeMax, consistent with Section 162(m) of the Code, in its sole and complete discretion.

b. Net Sales. Net Sales shall mean OfficeMax’s net sales, excluding the impact of foreign currency exchange rate fluctuation, for the Performance Period as calculated by OfficeMax, consistent with Section 162(m) of the Code, in its sole and complete discretion.

c. Operating Margin (ROS). Operating Margin (ROS) means the Company’s EBIT divided by Net Sales. Specifically, the ratio of the Company’s EBIT to Net Sales, expressed as a percentage, for the award period as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

d. Performance Period. The Performance Period shall mean the three consecutive fiscal years commencing with the fiscal year in which the Award Date occurs.

4. Minimum Performance Measurement. As a condition of vesting under paragraph 5, OfficeMax’s net income from operations available to its common shareholders (adjusted for special items, as disclosed and discussed in the earnings release) for the Performance Period must be positive.

5. Vesting and Additional Performance Measurement Adjustments. Subject to paragraphs 4 and 6, your Award will vest and be adjusted as follows:

Your Award shall vest on February 19, 2016 if you are actively employed by OfficeMax on that date, and shall be payable as soon as practical thereafter, but not later than March 15, 2016.

Your Target Award shall be adjusted based on 2013-2015 Operating Margin (ROS) in accordance with the following chart:

2013-2015 Operating Margin (ROS)	Payout as a Percentage of Target Award
	125%
	100%
	20%
	0%

OfficeMax Incorporated

2013 Performance-Based RSU Award Agreement

At the end of the Performance Period, the Committee will review OfficeMax’s 2013-2015 Operating Margin (ROS) and determine the adjustments to your Target Award (subject to paragraph 6 of this Agreement regarding termination of employment during the Performance Period). Where actual performance falls between the amounts outlined in the left column above, the payout as a percentage of your Target Award shall be calculated using straight-line interpolation.

6. Termination of Employment During Performance Period.

a. If your employment with OfficeMax terminates at any time on or after the Award Date and before the end of the Performance Period, your Award will both vest (subject to paragraphs 4 and 5) and be payable in accordance with this paragraph 6.

If your termination of employment occurs before the end of the Performance Period and:

i. you terminate employment as a result of your death or total and permanent disability, as determined by OfficeMax in its sole and complete discretion,

ii. you are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan, or

iii. you voluntarily terminate employment and at the time of your termination you are at least age 55 and have completed at least 10 years of employment with OfficeMax,

then your Award shall vest (subject to paragraphs 4 and 5) on your employment termination date in a pro rata manner based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 36 months.

The vested portion of your Award, as determined above, shall be payable in accordance with the general payment timing provisions of paragraph 5, as applicable.

b. Six-Month Minimum Employment and Plan Participation Requirement. Notwithstanding the foregoing, in order to be eligible for the pro rata vesting described in paragraphs 6.a, you must be employed with OfficeMax prior to July 1 of the first fiscal year in the Performance Period and have been a participant in the Plan for a minimum of six continuous months during the 2013 fiscal year.

c. Other Terminations. Upon your voluntary or involuntary termination for any reason not meeting the criteria specified in paragraph 6.a. for pro rata vesting, all unvested Performance-Based RSUs relating to your Award as of the date of your termination of employment with OfficeMax shall be immediately forfeited and canceled. Additionally, if your employment is terminated for “disciplinary reasons” as defined in the Executive Officer Severance Pay Policy (or any successor policy) or if you retire or resign and OfficeMax determines within six months thereafter that your conduct prior to your retirement or resignation warranted termination for “disciplinary reasons,” then (a) any vested or unvested Performance-Based RSUs in this Award will be forfeited and cancelled and (b) OfficeMax shall have the right to recover from you the amount of the value of the Stock at the time of the determination or, if disposed prior to the determination, at the time of disposition.

d. Payment Upon Termination Due to Death. If your termination occurs as a result of your death, payment with respect to your vested Performance-Based RSUs relating to your Award shall be made only to your beneficiary, executor or administrator of your estate or the person or persons to whom the rights to payment of such Performance-Based RSUs shall pass by will or the laws of descent and distribution, as determined by OfficeMax in its sole and complete discretion.

7. Change in Control. In the event of a Change in Control prior to February 19, 2016, except as otherwise determined by OfficeMax in its sole and complete discretion, this Award will vest as described below.

a. If the continuing entity assumes this Award, except as described below, your Target Award will fully vest, without regard to the adjustment specified in paragraph 5, on February 16, 2016 if you are actively employed by the continuing entity on that date (or will vest on a pro rata basis if your employment terminates earlier as described in paragraph 6.a in which case any reference to OfficeMax will be deemed to refer to OfficeMax or the continuing entity, as applicable). Payment of your Award will be made in accordance with the general payment timing provisions of paragraph 5.

OfficeMax Incorporated

2013 Performance-Based RSU Award Agreement

b. Notwithstanding the foregoing, if the continuing entity assumes this Award, and you subsequently experience a “qualifying termination” as defined in the Plan or you are deemed to have a “qualifying termination” as of the Change in Control pursuant to Section 24.2 of the Plan, you will be immediately vested in your Target Award, without regard to the adjustment specified in paragraph 5, as of your qualifying termination, and your Target Award will paid within 2-1/2 months after your “qualifying termination.”

c. If the continuing entity does not assume this Award as of the Change in Control, you will be immediately fully vested in your Target Award, without regard to the adjustment specified in paragraph 5, as of the Change in Control, and your Target Award will be paid within 2-1/2 months after the Change in Control. However, if you terminated employment with OfficeMax before the Change in Control and were vested in a portion of your Award pursuant to paragraph 6.a above, then such portion will be paid within 2-1/2 months after the Change in Control.

8. Nontransferability. The Performance-Based RSUs awarded pursuant to this Agreement cannot be sold, assigned, pledged, hypothecated, transferred, or otherwise encumbered prior to vesting. Any attempt to transfer your rights in the awarded Performance-Based RSUs prior to vesting will result in the immediate forfeiture and cancellation of such units. Notwithstanding the foregoing, subject to the approval of OfficeMax in its sole and complete discretion, Performance-Based RSUs awarded pursuant to this Agreement may be transferable to members of your immediate family and to one or more trusts for the benefit of such family members, partnerships in which such family members are the only partners, or corporations in which such family members are the only stockholders.

9. Stockholder Rights. You will not receive dividends or dividend units on the Performance-Based RSUs awarded pursuant to this Agreement. With respect to the Performance-Based RSUs awarded hereunder, you are not a shareholder and do not have any voting rights until such units vest and shares are recorded as issued on OfficeMax’s official stockholder records.

10. Share Payment; Code Section 162(m). Vested Performance-Based RSUs relating to your Target Award will be paid to you in whole shares of Stock. Partial shares, if any, will be paid in cash. Notwithstanding any provision in the Plan or this Agreement to the contrary, if in OfficeMax’s good faith determination, some or all of the remuneration attributable to this payment is not deductible by OfficeMax for federal income tax purposes pursuant to Code Section 162(m), then payment of such units will occur on the date OfficeMax anticipates, or should reasonably anticipate, that payment would qualify for deduction under Code Section 162(m).

11. Tax Withholding. The amount of shares of Stock to be paid to you will be reduced by that number of shares of Stock having a Fair Market Value equal to the required minimum federal and state withholding amounts triggered by the vesting of your Performance-Based RSUs. To the extent a fractional share of Stock is needed to satisfy such tax withholding, the number of shares of Stock withheld will be rounded up to the next whole number. Alternatively, you may elect within 60 calendar days from the Award Date to satisfy such withholding requirements in cash.

12. No Special Employment. Nothing contained in this Agreement or in the Plan shall be construed or deemed under any circumstances to bind OfficeMax to continue your employment for any particular period of time.

OfficeMax Incorporated

2013 Performance-Based RSU Award Agreement

13. Acceptance of Terms and Conditions. You must sign this Agreement and return it to OfficeMax’s Compensation Department on or before              or the Award will be forfeited. Return your executed Agreement to: Becky Rios by mail at OfficeMax, 263 Shuman Boulevard (5E238), Naperville, Illinois 60563 or by fax at (630) 647-3722.

OfficeMax Incorporated	Awardee: Name
Steve Parsons	Signature:
Executive Vice President,
Chief Human Resources Officer	Date:

EX-10.10

Exhibit 10.10

(Messrs. Saligram, Barr,

Kenning, Lalla and Lewis)

OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

This Restricted Stock Unit Award (the “Award”) is granted on February 19, 2013 (the “Award Date”) by OfficeMax Incorporated (“OfficeMax”) to Name (“Awardee” or “you”) pursuant to the 2003 OfficeMax Incentive and Performance Plan, as may be amended from time to time (the “Plan”), and the following terms and conditions of this agreement (the “Agreement”):

1. Terms and Conditions. The Award is subject to all the terms and conditions of the Plan. All capitalized terms not defined in this Agreement shall have the meaning stated in the Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control unless this Agreement expressly states that an exception to the Plan is being made.

2. Award. You are hereby awarded a grant of xx,xxx Restricted Stock Units (your “RSU Award”) at no cost to you, subject to the terms and conditions, including adjustments, set forth in the Plan and this Agreement.

3. Vesting and General Timing of Payment. Subject to the provisions of this Agreement and the Plan, your RSU Award will vest on a pro rata basis over a three-year restriction period beginning as of the Award Date (the “Restriction Period”), with one-third of your RSU Award vesting on the first, second, and third anniversary of the Award Date (each a “Vesting Date”), and each vested Restricted Stock Unit will be paid as soon as practical following the applicable Vesting Date, but in no event shall payment be made later than March 15th of the year following the year in which the applicable Vesting Date occurs. Except as otherwise specified in this Agreement, upon your voluntary or involuntary termination of employment with OfficeMax for any reason during the Restriction Period, all then-unvested Restricted Stock Units will be immediately forfeited and canceled.

4. Termination of Employment During Restriction Period. Subject to paragraph 6, if your employment with OfficeMax terminates at any time on or after the Award Date and before February 19, 2016, your RSU Award will both vest and be payable in accordance with this paragraph 4.

a. Termination Prior to First Vesting Date. If your termination of employment occurs before February 19, 2014 and:

i. you terminate employment as a result of your death or total and permanent disability, as determined by OfficeMax in its sole and complete discretion, or

ii. you are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan,

then your RSU Award shall vest on your employment termination date in a pro rata manner as follows:

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2014 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 12 months, plus

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2015 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 24 months, plus

OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2016 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 36 months.

b. Termination Between First and Second Vesting Date. If your termination of employment occurs after February 19, 2014 but before February 19, 2015 and:

i. you terminate employment as a result of your death or total and permanent disability, as determined by OfficeMax in its sole and complete discretion, or

ii. you are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan,

then your RSU Award (to the extent then unvested) shall vest on your employment termination date in a pro rata manner as follows:

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2015 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 24 months, plus

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2016 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 36 months.

c. Termination Between Second and Third Vesting Date. If your termination of employment occurs after February 19, 2015 but before February 19, 2016 and:

i. you terminate employment as a result of your death or total and permanent disability, as determined by OfficeMax in its sole and complete discretion, or

ii. you are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan,

then your RSU Award (to the extent then-unvested) shall vest on your employment termination date in a pro rata manner as follows:

• A pro rata portion of the unvested Restricted Stock Units relating to the one-third of your RSU Award that would have otherwise vested on February 19, 2016 based on the number of whole months that you were employed with OfficeMax since the Award Date divided by 36 months.

d. Payment of Pro Rata Amount. Any pro rata vested Restricted Stock Units pursuant to this paragraph 4 shall be paid as soon as practical following your termination of employment with OfficeMax, but in no event shall payment be made later than March 15th of the year following the year in which such termination of employment occurs.

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OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

e. Payment Upon Termination Due to Death. If your termination occurs as a result of your death, payment with respect to your vested Restricted Stock Units relating to your RSU Award shall be made only to your beneficiary, executor or administrator of your estate or the person or persons to whom the rights to payment of such Restricted Stock Units shall pass by will or the laws of descent and distribution, as determined by OfficeMax in its sole and complete discretion.

5. Share Payment. Vested Restricted Stock Units relating to your RSU Award will be paid to you in whole shares of Stock. Partial shares, if any, will be paid in cash.

6. Change in Control. In the event of a Change in Control prior to February 19, 2016, the continuing entity may either continue this Award or replace this Award with an award of at least equal value with terms and conditions not less favorable than the terms and conditions provided in this Agreement, in which case the new award will vest according to the terms of the applicable award agreement. Notwithstanding any provisions of this Agreement or the Plan to the contrary, if the continuing entity does not so continue or replace this Award, or if you experience a “qualifying termination,” or you are deemed to have a “qualifying termination” as of the Change in Control pursuant to Section 24.2 of the Plan, then all restrictions described in this Agreement will lapse with respect to all unvested Restricted Stock Units relating to your RSU Award at the time of the Change in Control or your qualifying termination (as applicable), all such Restricted Stock Units will vest immediately, and payment of your RSU Award (or any unpaid portion thereof) shall be made within 2-1/2 months after the Change in Control or “qualifying termination” (as applicable) occurred. “Qualifying termination” shall be defined as set forth in the Plan.

7. Code Section 162(m); Mandatory Deferral of Payment. Although OfficeMax does not reasonably anticipate, as of the Award Date, the application of Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), at the time of any payment due hereunder, if OfficeMax reasonably anticipates that its deduction with respect to any such payment otherwise would not be permitted by application of Code Section 162(m) at the time of the payment, then, notwithstanding any provision of this Agreement or the Plan to the contrary, such payment shall be deferred and instead shall be made as soon as reasonably practicable following the first date on which OfficeMax anticipates (or reasonably should have anticipated) that such payment would no longer be restricted due to the application of Code Section 162(m).

8. Nontransferability. The Restricted Stock Units awarded pursuant to this Agreement cannot be sold, assigned, pledged, hypothecated, transferred, or otherwise encumbered prior to vesting. Any attempt to transfer your rights in the awarded Restricted Stock Units prior to vesting will result in the immediate forfeiture and cancellation of such units. Subject to the approval of OfficeMax in its sole and complete discretion, Restricted Stock Units awarded pursuant to this Agreement may be transferable to members of your immediate family and to one or more trusts for the benefit of such family members, partnerships in which such family members are the only partners, or corporations in which such family members are the only stockholders.

9. Stockholder Rights. You will not receive dividends or dividend units on the Restricted Stock Units awarded pursuant to this Agreement. With respect to the Restricted Stock Units awarded hereunder, you are not a shareholder and do not have any voting rights until such units vest and shares are recorded as issued on OfficeMax’s official stockholder records.

10. Tax Withholding. The amount of shares of Stock to be paid to you will be reduced by that number of shares of Stock having a Fair Market Value equal to the required minimum federal and state withholding amounts triggered by the vesting of your Restricted Stock Units. To the extent a fractional share of Stock is needed to satisfy such tax withholding, the number of shares of Stock withheld will be rounded up to the next whole number. Alternatively, you may elect within 60 calendar days from the Award Date to satisfy such withholding requirements in cash.

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OFFICEMAX INCORPORATED

2013 Restricted Stock Unit Award Agreement – Time Based

11. Use of Personal Data. By executing this Agreement, you hereby agree freely, and with your full knowledge and consent, to the collection, use, processing and transfer (collectively, the “Use”) of certain personal data such as your name, salary, nationality, job title, position evaluation rating along with details of all past awards and current awards outstanding under the Plan (collectively, the “Data”), for the purpose of managing and administering the Plan. You further acknowledge and agree that OfficeMax and/or any of its Affiliates may make Use of the Data amongst themselves and/or any other third parties assisting OfficeMax in the administration and management of the Plan (collectively, the “Data Recipients”). In keeping therewith, you hereby further authorize any Data Recipient, including Data Recipients located in foreign jurisdictions, to continue to make Use of the Data, in electronic or other form, for the purposes of administering and managing the Plan, including without limitation, any necessary Use of such Data as may be required for the subsequent holding of shares on your behalf by a broker or other third party with whom you may elect to deposit any shares acquired through the Plan.

OfficeMax shall, at all times, take all commercially reasonable efforts to ensure that appropriate safety measures shall be in place to ensure the confidentiality of the Data, and that no Use will be made of the Data for any purpose other than the administration and management of the Plan. You may, at any time, review your Data and request necessary amendments to such Data. You may withdraw your consent to Use of the Data herein by notifying OfficeMax in writing at the address specified in paragraph 12; however by withdrawing your consent to use Data, you may affect your eligibility to participate in the Plan.

By executing this Agreement you hereby release and forever discharge OfficeMax from any and all claims, demands, actions, causes of action, damages, liabilities, costs, losses and expenses arising out of, or in connection with, the Use of the Data including, without limitation, any and all claims for invasion of privacy, defamation and any other personal, moral and/or property rights.

12. Acceptance of Terms and Conditions. You must sign this Agreement and return it to Becky Rios, OfficeMax’s Compensation Department on or before              by mail to OfficeMax, 263 Shuman Boulevard (5E238), Naperville, Illinois 60563, by fax at 1-630-647-3722 or by email to rebeccarios@officemax.com.

OfficeMax Incorporated
	Awardee: Name
Steve Parsons Executive Vice President, Chief Human Resources Officer	Signature:
	Date:

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EX-31.1

Exhibit 31.1

CEO CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES OXLEY ACT OF 2002

I, Ravichandra Saligram, certify that:

1. I have reviewed this quarterly report on Form 10-Q of OfficeMax Incorporated;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 7, 2013	/s/    RAVICHANDRA SALIGRAM
	Ravichandra Saligram Chief Executive Officer

EX-31.2

Exhibit 31.2

CFO CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES OXLEY ACT OF 2002

I, Bruce Besanko, certify that:

1. I have reviewed this quarterly report on Form 10-Q of OfficeMax Incorporated;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 7, 2013	/s/    BRUCE BESANKO
	Bruce Besanko Chief Financial Officer

EX-32

Exhibit 32

SECTION 906 CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND

CHIEF FINANCIAL OFFICER OF

OFFICEMAX INCORPORATED

We are providing this Certificate pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C., Section 1350. It accompanies OfficeMax Incorporated’s quarterly report on Form 10-Q (the “Report”) for the fiscal quarter ended March 30, 2013.

I, Ravichandra Saligram, OfficeMax Incorporated’s chief executive officer, certify that:

(i) the Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and

(ii) the information contained in the Report fairly presents, in all material respects, OfficeMax Incorporated’s financial condition and results of operations.

/s/    RAVICHANDRA SALIGRAM

Ravichandra Saligram

Chief Executive Officer

I, Bruce Besanko, OfficeMax Incorporated’s chief financial officer, certify that:

(i) the Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and

(ii) the information contained in the Report fairly presents, in all material respects, OfficeMax Incorporated’s financial condition and results of operations.

/s/    BRUCE BESANKO

Bruce Besanko

Chief Financial Officer

Dated: May 7, 2013

A signed original of this written statement required by Section 906 has been provided to OfficeMax Incorporated and will be retained by OfficeMax Incorporated and furnished to the Securities and Exchange Commission or its staff upon request.

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Summary of Facilities Closure Reserve (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 30, 2013	Dec. 29, 2012
Restructuring Cost and Reserve [Line Items]
Estimated future lease obligations	$ 116,207
Less: anticipated sublease income	(48,542)
Total	$ 67,665	$ 74,643

XML

Summary of Restricted Stock and Restricted Stock Unit Activity (Detail) (USD $)	3 Months Ended
	Mar. 30, 2013
Share
Unvested, Beginning, Shares	1,317,756
Granted, Shares	1,329,171
Vested, Shares	(716)
Forfeited, Shares	(602,718)
Unvested, Ending, Shares	2,043,493
Weighted-Average Grant Date Fair Value Per Common Share
Unvested, Beginning, Weighted-Average Grant Date Fair Value Per Common Share	$ 10.70
Granted, Weighted-Average Grant Date Fair Value Per Common Share	$ 11.73
Vested, Weighted-Average Grant Date Fair Value Per Common Share	$ 33.73
Forfeited, Weighted-Average Grant Date Fair Value Per Common Share	$ 12.52
Unvested, Ending, Weighted-Average Grant Date Fair Value Per Common Share	$ 10.82

XML

Debt - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended		1 Months Ended		3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012	Mar. 30, 2013 Grupo OfficeMax	Mar. 30, 2013 Minimum	Mar. 30, 2013 Maximum	Oct. 31, 2011 North American Agreement	Oct. 07, 2011 North American Agreement	Mar. 30, 2013 North American Agreement Minimum	Mar. 30, 2013 North American Agreement Maximum	Oct. 07, 2011 North American Agreement Letter of Credit	Oct. 07, 2011 North American Agreement Canadian Subsidiary	Oct. 07, 2011 North American Agreement Other Participating North American Subsidiaries	Mar. 30, 2013 60-Month Installment Grupo OfficeMax Unsecured Debt	Mar. 30, 2013 54-Month Installment Grupo OfficeMax Secured Debt	Mar. 30, 2013 Simple Revolving Loan Grupo OfficeMax
Debt Instrument [Line Items]
Maximum borrowing capacity under the facility agreement							$ 650			$ 250	$ 50	$ 600
Maximum borrowing increase or reduce capacity under the facility agreement						850
Fees on letters of credit	1.75%							1.25%	2.25%
Unused line fee rate	0.50%			0.375%	0.50%
Other borrowings			10.6										2.2	2.1	6.3
Cash payments for interest	$ 4.5	$ 4.8

XML

Summary of Stock Option Activity (Detail) (USD $)	3 Months Ended
	Mar. 30, 2013
Share
Balance at beginning of period, Shares	5,212,738
Options granted, Shares	3,500
Options exercised, Shares	(100,016)
Options forfeited and expired, Shares	(113,173)
Balance at end of period, shares	5,003,049
Exercisable at end of period, Shares	2,881,728
Weighted average fair value of options granted (Black-Scholes)	$ 5.07
Wtd. Avg. Exercise Price
Balance at beginning of period, Weighted Average Exercise Price	$ 10.57
Options granted, Weighted Average Exercise Price	$ 9.76
Options exercised, Weighted Average Exercise Price	$ 5.32
Options forfeited and expired, Weighted Average Exercise Price	$ 8.89
Balance at end of period, Weighted Average Exercise Price	$ 10.71

XML

Cash Payments For Income Taxes Net (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012
Income Taxes Paid Net [Line Items]
Cash tax payments, net	$ 4,073	$ 5,169

XML

Shareholders' Equity and Noncontrolling Interest (Tables)

3 Months Ended

Mar. 30, 2013

Schedule Of Changes In Shareholders' Equity And Noncontrolling Interest

The following table reflects changes in shareholders’ equity and noncontrolling interest for the first three months of 2013.

	Shareholders’ Equity			Noncontrolling Interest
	(thousands)
Balance at December 29, 2012	$	1,034,373		$	44,617
Comprehensive income:
Net income attributable to OfficeMax and noncontrolling interest		56,842			810
Other comprehensive income:
Foreign currency translation adjustments		(322	)		1,588
Amortization of unrecognized retirement and benefit costs, net of tax		2,739			—
Comprehensive income attributable to OfficeMax and noncontrolling interest		59,259			2,398
Preferred stock dividends		(1,012	)		—
Stock-based compensation activity		2,986			—
Non-controlling interest fair value adjustment		(2,157	)		2,157
Other		(1	)		(12	)
Balance at March 30, 2013	$	1,093,448		$	49,160

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component includes the following for the first three months of 2013:

	Pension and Postretirement Liability Adjustment			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
		(thousands)
Balance at December 29, 2012	$	(288,450	)	$	150,929		$	(137,521	)
Other comprehensive income (loss) before reclassifications		—			(322	)		(322	)
Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of unrecognized retirement and benefit costs		4,434			—			4,434
Current period other comprehensive income (loss)		4,434			(322	)		4,112
Income taxes		(1,695	)		—			(1,695	)
Net current period other comprehensive income (loss)		2,739			(322	)		2,417
Balance at March 30, 2013	$	(285,711	)	$	150,607		$	(135,104	)

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Segment Information - Additional information (Detail)	3 Months Ended
	Mar. 30, 2013 Segment
Segment Reporting Information [Line Items]
Number of reportable segments	3

XML

Facility Closure Reserves (Tables)

3 Months Ended

Mar. 30, 2013

Facility Closure Reserve Account Activity

Facility closure reserve account activity during the first three months of 2013 was as follows:

	Total
	(thousands)
Balance at December 29, 2012	$	74,643
Cash payments		(7,540	)
Accretion		562
Balance at March 30, 2013	$	67,665

Reserve Balances Classified In The Consolidated Balance Sheets

Reserve balances were classified in the Consolidated Balance Sheets as follows:

	March 30, 2013
	(thousands)
Accrued expenses and other current liabilities - Other	$	21,439
Other long-term liabilities		46,226
Total	$	67,665

Summary Of The Facilities Closure Reserve

The facilities closure reserve consisted of the following:

	March 30, 2013
	(thousands)
Estimated future lease obligations	$	116,207
Less: anticipated sublease income		(48,542	)
Total	$	67,665

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Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 30, 2013	Dec. 29, 2012	Dec. 31, 2004	Oct. 31, 2004
Fair Value of Financial Instruments [Line Items]
Boise Investment	$ 206,854
Fair Value of Recourse Debt	234,205	229,431
Carrying Amount of Timber notes receivable				1,635,000
Boise Investment	91,693	175,000
Carrying Amount of Recourse debt	237,159	236,194
Carrying Amount of Non-recourse debt			1,470,000
Level 1
Fair Value of Financial Instruments [Line Items]
Fair Value of Recourse Debt	83,435
Level 2
Fair Value of Financial Instruments [Line Items]
Boise Investment	206,854
Fair Value of Recourse Debt	150,770	229,431
Wells Fargo And Company
Fair Value of Financial Instruments [Line Items]
Timber notes receivable fair value	973,539	986,365
Fair Value of Non-Recourse Debt	892,420	903,912
Carrying Amount of Timber notes receivable	817,500	817,500
Carrying Amount of Non-recourse debt	735,000	735,000
Wells Fargo And Company | Level 2
Fair Value of Financial Instruments [Line Items]
Timber notes receivable fair value	973,539	986,365
Fair Value of Non-Recourse Debt	$ 892,420	$ 903,912

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Computation of Basic and Diluted Income Loss Per Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 30, 2013		Mar. 31, 2012
Net Income (Loss) Per Common Share [Line Items]
Net income available to OfficeMax common shareholders	$ 56,335		$ 4,858
Average shares-basic	86,902		86,341
Net income available to OfficeMax common shareholders per common share:
Basic	$ 0.65		$ 0.06
Restricted stock, stock options, preferred share conversion and other	1,396	[1],[2]	985	[1],[2]
Average shares-diluted	88,298		87,326
Diluted net income attributable to OfficeMax per common share:
Diluted	$ 0.64		$ 0.06

[1] The assumed conversion of outstanding preferred stock was anti-dilutive in all periods presented, and therefore no adjustment was required to determine diluted net income from continuing operations or average shares-diluted.

[2] Options to purchase 2.3 million and 3.3 million shares of common stock were outstanding during the first three months of 2013 and 2012, respectively, but were not included in the computation of diluted income per common share because the impact would have been anti-dilutive as the option price was higher than the average market price during those periods.

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Facility Closure Reserves Account Activity (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013
Restructuring Cost and Reserve [Line Items]
Balance at December 29, 2012	$ 74,643
Cash payments	(7,540)
Balance at March 30, 2013	67,665
Accretion
Restructuring Cost and Reserve [Line Items]
Adjustment	$ 562

XML

Retirement and Benefit Plans - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 30, 2013
Pension and Other Postretirement Benefits Disclosure [Line Items]
Expected pension contribution in 2013	$ 3.3
Pension contribution	$ 0.8

XML

Commitments and Guarantees - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Mar. 30, 2013
Commitments And Guarantees [Line Items]
Percentage of minority owner's interest in joint venture	49.00%
Estimated purchase price of minority owner's interest	$ 48.2

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Investment in Boise Cascade Holdings LLC - Additional Information (Detail) (USD $) Share data in Millions, unless otherwise specified	3 Months Ended		1 Months Ended	3 Months Ended			1 Months Ended		1 Months Ended		3 Months Ended
	Mar. 30, 2013	Dec. 29, 2012	Feb. 28, 2013 Boise Cascade Holdings, L.L.C.	Mar. 30, 2013 Boise Cascade Holdings, L.L.C.	Dec. 29, 2012 Boise Cascade Holdings, L.L.C.	Dec. 31, 2004 Boise Cascade Holdings, L.L.C.	Feb. 28, 2013 Boise Cascade Holdings, L.L.C. Voting Equity Securities	Mar. 30, 2013 Boise Cascade Holdings, L.L.C. Voting Equity Securities	Apr. 30, 2013 Boise Cascade Holdings, L.L.C. Voting Equity Securities Cash Distribution	Feb. 28, 2013 Boise Cascade Holdings, L.L.C. Nonvoting Equity Securities	Mar. 30, 2013 Boise Cascade Holdings, L.L.C. Nonvoting Equity Securities	Mar. 31, 2012 Boise Cascade Holdings, L.L.C. Nonvoting Equity Securities
Investments in and Advances to Affiliates [Line Items]
Investment in Boise Cascade Holdings, L.L.C.	$ 91,693,000	$ 175,000,000				$ 175,000,000
Initial public offering, stock issued			29.7
Series B and Series C common units of Boise Cascade Holdings, L.L.C. converted to common units of Boise Cascade Company			29.7
Ownership interest in Boise cascade holding LLC, units				5.9
Ownership interest in Boise cascade holding LLC, percentage				20.01%
Dividend accrual rate on investments in Boise Cascade Holdings, L.L.C.				8.00%
Redemption of equity securities, original investment										66,000,000
Redemption of equity securities, accumulated dividend receivable										46,100,000
Dividend income from investment in Boise Cascade Holdings, L.L.C.											1,000,000	2,100,000
Distribution received related to voting equity securities							17,300,000		4,400,000
Deferred gain on sale of investment in Boise Cascade Holdings, L.L.C.	94,185,000	179,757,000			179,757,000			94,185,000
Deferred gain on sale of investment in Boise Cascade Holdings, L.L.C.	85,572,000		85,572,000
Deferred gain recognized on sale of investment in Boise Cascade Holdings, L.L.C., net of fees			$ 85,400,000

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Facility Closure Reserves

3 Months Ended

Mar. 30, 2013

Facility Closure Reserves

3. Facility Closure Reserves

We conduct regular reviews of our real estate portfolio to identify underperforming facilities, and close those facilities that are no longer strategically or economically beneficial. We record a liability for the cost associated with a facility closure at its estimated fair value in the period in which the liability is incurred, primarily the location’s cease-use date. Upon closure, unrecoverable costs are included in facility closure reserves and include provisions for the present value of future lease obligations, less contractual or estimated sublease income. These facility closure charges are included in other operating expenses (income), net in the Consolidated Statements of Income. Accretion expense is recognized over the life of the required payments and is included in operating, selling, and general and administrative expenses in the Consolidated Statements of Income.

During the first three months of 2012, we recorded facility closure charges of $25.3 million in our Retail segment primarily related to the closure of 15 underperforming domestic stores prior to the end of their lease terms. There were no such charges recorded in the first quarter of 2013.

Facility closure reserve account activity during the first three months of 2013 was as follows:

	Total
	(thousands)
Balance at December 29, 2012	$	74,643
Cash payments		(7,540	)
Accretion		562
Balance at March 30, 2013	$	67,665

Reserve balances were classified in the Consolidated Balance Sheets as follows:

	March 30, 2013
	(thousands)
Accrued expenses and other current liabilities - Other	$	21,439
Other long-term liabilities		46,226
Total	$	67,665

The facilities closure reserve consisted of the following:

	March 30, 2013
	(thousands)
Estimated future lease obligations	$	116,207
Less: anticipated sublease income		(48,542	)
Total	$	67,665

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Subsequent Events - Additional Information (Detail) (Dividend Declared, USD $) In Millions, except Per Share data, unless otherwise specified	1 Months Ended
	May 31, 2013
Dividend Declared
Subsequent Event [Line Items]
Special non-recurring dividend, declared date	May 06, 2013
Special non-recurring dividend, declared per share	$ 1.50
Special non-recurring dividend, expected approximate total amount	$ 130
Special non-recurring dividend, payable date	Jul. 02, 2013
Special non-recurring dividend, record date	Jun. 12, 2013

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Computation of Basic and Diluted Income Loss Per Share (Parenthetical) (Detail) (Stock Options) In Millions, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012
Stock Options
Net Income (Loss) Per Common Share [Line Items]
Securities excluded from computation of dilutive income (loss) per share	2.3	3.3

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Financial Instruments, Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 30, 2013

Carrying Amounts And Estimated Fair Values Of Financial Instruments

The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties.

	March 30, 2013
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total
	(thousands)
Financial assets:
Timber notes receivable - Wells	$	—	$	973,539	$	—	$	973,539	$	817,500
Boise Investment	$	—	$	206,854	$	—	$	206,854	$	91,693
Financial liabilities:
Recourse debt	$	83,435	$	150,770	$	—	$	234,205	$	237,159
Non-recourse debt - Wells	$	—	$	892,420	$	—	$	892,420	$	735,000
	December 29, 2012
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total
	(thousands)
Financial assets:
Timber notes receivable - Wells	$	—	$	986,365	$	—	$	986,365	$	817,500
Financial liabilities:
Recourse debt	$	—	$	229,431	$	—	$	229,431	$	236,194
Non-recourse debt - Wells	$	—	$	903,912	$	—	$	903,912	$	735,000

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Debt (Tables)

3 Months Ended

Mar. 30, 2013

Borrowings And Availability Under Credit Agreements

Availability under the Credit Agreement at the end of the first quarter of 2013 was as follows:

	Total
	(millions)
Maximum aggregate available borrowing amount	$	598.5
Less: Stand-by letters of credit		38.0
Amount available for borrowing	$	560.5

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Summary of Stock Options Outstanding (Detail) (USD $)	3 Months Ended
	Mar. 30, 2013
$2.50
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	$ 2.50
Options Outstanding	11,171
Options Outstanding, Weighted Average Contractual Life (Years)	0 years
Options Outstanding, Weighted Average Exercise Price	$ 2.50
Options Exercisable	11,171
Options Exercisable, Weighted Average Exercise Price	$ 2.50
$4.00 - $9.99
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	$ 4.00
Maximum Exercise Price	$ 9.99
Options Outstanding	2,660,848
Options Outstanding, Weighted Average Contractual Life (Years)	5 years 2 months 12 days
Options Outstanding, Weighted Average Exercise Price	$ 5.52
Options Exercisable	1,132,394
Options Exercisable, Weighted Average Exercise Price	$ 5.14
$10.00 - $15.99
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	$ 10.00
Maximum Exercise Price	$ 15.99
Options Outstanding	656,690
Options Outstanding, Weighted Average Contractual Life (Years)	4 years
Options Outstanding, Weighted Average Exercise Price	$ 14.04
Options Exercisable	607,344
Options Exercisable, Weighted Average Exercise Price	$ 14.34
$16.00 - $17.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	$ 16.00
Maximum Exercise Price	$ 17.00
Options Outstanding	679,840
Options Outstanding, Weighted Average Contractual Life (Years)	4 years 10 months 24 days
Options Outstanding, Weighted Average Exercise Price	$ 16.86
Options Exercisable	464,819
Options Exercisable, Weighted Average Exercise Price	$ 16.86
$18.00 - $19.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	$ 18.00
Maximum Exercise Price	$ 19.00
Options Outstanding	975,000
Options Outstanding, Weighted Average Contractual Life (Years)	4 years 7 months 6 days
Options Outstanding, Weighted Average Exercise Price	$ 18.15
Options Exercisable	650,000
Options Exercisable, Weighted Average Exercise Price	$ 18.15
$24.00 - $37.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	$ 24.00
Maximum Exercise Price	$ 37.00
Options Outstanding	16,000
Options Outstanding, Weighted Average Contractual Life (Years)	1 year 4 months 24 days
Options Outstanding, Weighted Average Exercise Price	$ 30.37
Options Exercisable	16,000
Options Exercisable, Weighted Average Exercise Price	$ 30.37

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Income Taxes - Additional Information (Detail) (USD $)			3 Months Ended
	Mar. 30, 2013	Dec. 29, 2012	Mar. 30, 2013 Installment Notes	Mar. 30, 2013 Installment Notes Wells Fargo And Company
Income Taxes [Line Items]
Timber notes receivable - maturity year			2020	2020
Timberlands asset sale deferred tax liability				$ 260,000,000
Total unrecognized tax benefits	6,345,000	6,337,000
Unrecognized tax benefits that, if recognized would impact effective tax rate	$ 6,200,000

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Retirement and Benefit Plans (Tables)

3 Months Ended

Mar. 30, 2013

Components Of Net Periodic Benefit Cost (Income)

The following represents the components of net periodic benefit cost (income) for pension and other postretirement benefits which are recorded in operating, selling and general and administrative expense in the Consolidated Statements of Income:

	Three Months Ended
	Pension Benefits						Other Postretirement Benefits
	March 30, 2013			March 31, 2012			March 30, 2013			March 31, 2012
	(thousands)
Service cost	$	779		$	943		$	87		$	73
Interest cost		11,941			16,158			221			235
Expected return on plan assets		(17,379	)		(20,773	)		—			—
Recognized actuarial loss		5,322			4,491			100			55
Amortization of prior service credits		—			—			(988	)		(1,002	)
Net periodic benefit cost (income)	$	663		$	819		$	(580	)	$	(639	)

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Share-Based Compensation (Tables)

3 Months Ended

Mar. 30, 2013

Summary Of Restricted Stock And RSU Activity

A summary of restricted stock and RSU activity for the first three months of 2013 is presented in the following table:

	Shares			Weighted-Average Grant Date Fair Value Per Common Share
Unvested, December 29, 2012		1,317,756		$	10.70
Granted		1,329,171			11.73
Vested		(716	)		33.73
Forfeited		(602,718	)		12.52
Unvested, March 30, 2013		2,043,493		$	10.82

Summary Of Stock Option Activity

A summary of stock option activity for the first three months of 2013 is presented in the following table:

	Shares			Wtd. Avg. Exercise Price
Balance at December 29, 2012		5,212,738		$	10.57
Options granted		3,500			9.76
Options exercised		(100,016	)		5.32
Options forfeited and expired		(113,173	)		8.89
Balance at March 30, 2013		5,003,049		$	10.71
Exercisable at March 30, 2013		2,881,728
Weighted average fair value of options granted (Black-Scholes) during 2013	$	5.07

Summary Of Stock Options Outstanding

The following table provides summarized information about stock options outstanding at March 30, 2013:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Options Outstanding		Weighted Average Contractual Life (Years)		Weighted Average Exercise Price		Options Exercisable		Weighted Average Exercise Price
$2.50		11,171		—	$	2.50		11,171	$	2.50
$4.00 – $9.99		2,660,848		5.2		5.52		1,132,394		5.14
$10.00 – $15.99		656,690		4.0		14.04		607,344		14.34
$16.00 – $17.00		679,840		4.9		16.86		464,819		16.86
$18.00 – $19.00		975,000		4.6		18.15		650,000		18.15
$24.00 – $37.00		16,000		1.4		30.37		16,000		30.37

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Merger Agreement

3 Months Ended

Mar. 30, 2013

Merger Agreement

2. Merger Agreement

On February 20, 2013, OfficeMax entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Office Depot, Inc. (“Office Depot”), Dogwood Merger Sub Inc., a wholly owned direct subsidiary of Office Depot (“Merger Sub Two”), Dogwood Merger Sub LLC, a wholly owned direct subsidiary of Office Depot (“Merger Sub Three”), Mapleby Holdings Merger Corporation, a wholly owned direct subsidiary of OfficeMax (“New OfficeMax”), and Mapleby Merger Corporation, a wholly owned direct subsidiary of New OfficeMax (“Merger Sub One”), pursuant to which, through a series of transactions, OfficeMax will become an indirect wholly-owned subsidiary of Office Depot and OfficeMax stockholders will become stockholders of Office Depot. Upon the terms and subject to the conditions set forth in the Merger Agreement, (i) Merger Sub One will be merged with and into OfficeMax (the “First Merger”), and OfficeMax will continue as the surviving corporation and become a wholly owned subsidiary of New OfficeMax, (ii) OfficeMax will be converted into a Delaware limited liability company (the “LLC Conversion”), (iii) Merger Sub Two will be merged with and into New OfficeMax (the “Second Merger”), and New OfficeMax will continue as the surviving corporation and become a wholly owned subsidiary of Office Depot, and (iv) New OfficeMax will be merged with and into Merger Sub Three (the “Third Merger” and, together with the First Merger, the LLC Conversion and the Second Merger, the “Merger Transactions”), and Merger Sub Three will continue as the surviving limited liability company. Upon completion of the Transactions, OfficeMax will be a wholly owned direct subsidiary of Merger Sub Three, and Merger Sub Three, in turn, will be a wholly owned direct subsidiary of Office Depot. The First Merger and the LLC Conversion, taken together, and the Second Merger and the Third Merger, taken together, are each intended to constitute a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended.

At the effective time of the First Merger, each share of OfficeMax common stock issued and outstanding immediately prior to the effective time of the First Merger will be converted into one share of common stock of New OfficeMax. Each of OfficeMax and New OfficeMax will take all actions as may be necessary so that at the effective time of the First Merger, each OfficeMax stock option and each other OfficeMax stock-based award will, automatically and without any action on behalf of the holder thereof, be converted into a stock option or award, as the case may be, denominated in, or measured in whole or in part by the value of, shares of capital stock of New OfficeMax.

At the effective time of the Second Merger, each share of New OfficeMax common stock issued and outstanding immediately prior to the effective time of the Second Merger (excluding any shares held by Office Depot, Merger Sub Two or in treasury, which shares will be cancelled and no payment will be made with respect to such shares) will be converted into the right to receive 2.69 shares of Office Depot common stock (the “exchange ratio”), together with cash in lieu of fractional shares, if any, and unpaid dividends and distributions, if any, pursuant to the Merger Agreement.

The exchange ratio is fixed and will not be adjusted for changes in the market value of shares of Office Depot common stock or OfficeMax common stock. Because the exchange ratio was fixed at the time the Merger Agreement was executed and because the market value of Office Depot common stock and OfficeMax common stock will fluctuate during the pendency of the transactions, OfficeMax stockholders cannot be sure of the value of the shares of Office Depot common stock they will receive relative to the value of their shares of OfficeMax common stock.

Prior to the closing of the Merger Transactions (the “Closing”), OfficeMax will redeem each issued and outstanding share of OfficeMax Series D preferred stock for shares of OfficeMax common stock (excluding any shares of OfficeMax Series D preferred stock surrendered by the holder for conversion) in accordance with the Certificate of Designation for the OfficeMax Series D preferred stock. The shares of OfficeMax common stock issued upon such redemption or conversion will then be converted at the effective time of the Second Merger into the right to receive shares of Office Depot common stock in accordance with the exchange ratio, together with cash in lieu of fractional shares, if any, and unpaid dividends and distributions, if any, pursuant to the Merger Agreement.

In connection with the Second Merger, each outstanding New OfficeMax stock option will be converted into an option to purchase, on the same terms and conditions as the New OfficeMax stock option, a number of shares of Office Depot common stock that is equal to the number of shares of New OfficeMax common stock subject to the New OfficeMax stock option multiplied by the exchange ratio, at an exercise price per share of Office Depot common stock equal to the exercise price per share of New OfficeMax common stock subject to the New OfficeMax stock option divided by the exchange ratio. Each other New OfficeMax stock-based award will be converted as a result of the Second Merger into an award, on the same terms and conditions as the New OfficeMax stock-based award, with respect to a number of shares of Office Depot common stock that is equal to the number of shares of New OfficeMax common stock underlying such New OfficeMax stock-based award multiplied by the exchange ratio, except that any then outstanding New OfficeMax stock-based awards that vest based on the attainment of performance goals with a performance period that has not completed prior to the closing date will be converted into time-based awards that will vest at target levels at the originally scheduled vesting date, subject to any accelerated vesting upon a qualifying termination of employment in accordance with the terms of the 2003 OfficeMax Incentive and Performance Plan.

The Closing is subject to various conditions, including (i) approval of OfficeMax’s stockholders; (ii) approval of Office Depot’s stockholders; (iii) the expiration or earlier termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (iv) receipt of approvals or clearances required under the Canadian Competition Act and the Mexican Federal Law on Economic Competition; (v) there being no law or injunction, or agreement with a governmental authority under any antitrust laws, prohibiting consummation of the Merger Transactions; (vi) the effectiveness of a registration statement on Form S-4 under the Securities Act of 1933, as amended, with respect to shares of Office Depot common stock to be issued pursuant to the Merger Agreement; (vii) approval for listing such shares on the New York Stock Exchange upon completion of the Second Merger; (viii) subject to certain exceptions, the accuracy of the representations and warranties of the parties; (ix) compliance by the parties in all material respects with their respective obligations and covenants; (x) the delivery of opinions from counsel to each of OfficeMax and Office Depot that the Merger Transactions will qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended; and (xi) the absence of a material adverse effect. In addition, OfficeMax’s obligation to consummate the Merger Transactions is subject to the completion of certain transactions by and with the holder of Office Depot’s convertible preferred stock.

The Merger Agreement contains certain termination rights in favor of OfficeMax and Office Depot, including if the Merger Transactions are not completed on or before December 31, 2013 (which date will be automatically extended to April 30, 2014 if certain conditions to Closing related to antitrust approvals have not been satisfied) and if the approval of the stockholders of either OfficeMax or Office Depot is not obtained. The Merger Agreement also provides that, upon termination of the Merger Agreement under certain circumstances, including termination of the Merger Agreement by OfficeMax or Office Depot as a result of an adverse change of recommendation of the other party’s board of directors, OfficeMax may be required to pay Office Depot, or Office Depot may be required to pay OfficeMax, a termination fee of $30 million.

During the first quarter of 2013, we recorded $6.9 million of expenses related to the proposed Merger Transactions which are included in other operating expenses, net in the Consolidated Statements of Income.

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Segment Information (Tables)

3 Months Ended

Mar. 30, 2013

Operations By Segment

The following tables contain details of the Company’s operations by segment:

	Sales		Segment income (loss)			Other operating (expenses) income, net			Operating income (loss)
	(thousands)
Three months ended March 30, 2013
Contract	$	921,291	$	15,429		$	—		$	15,429
Retail		845,438		16,223			—			16,223
Corporate and Other		—		(9,259	)		79,504			70,245
Total	$	1,766,729	$	22,393		$	79,504		$	101,897
Three months ended March 31, 2012
Contract	$	960,583	$	27,086		$	—		$	27,086
Retail		912,329		22,825			(25,266	)		(2,441	)
Corporate and Other		—		(8,866	)		2,069			(6,797	)
Total	$	1,872,912	$	41,045		$	(23,197	)	$	17,848

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Severance and Other Charges - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Mar. 30, 2013
Severance And Other Charges [Line Items]
Severance charges remain unpaid	$ 4.0

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Share Based Compensation - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012	Dec. 29, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	$ 2.4	$ 2.8
Total income tax benefit recognized in the income statement for share-based compensation arrangements	1.0	1.1
Nonvested RSUs	2,043,493		1,317,756
Expiration of grant date fair value	7 years
Stock option, vesting period	3 years
Aggregate intrinsic value for outstanding stock options	16.5
Aggregate intrinsic value for exercisable stock options	7.5
Company granted stock options	3,500
Risk-free interest rate	0.63%
Expected life, in years	4 years 6 months
Expected stock price volatility	69.94%
Expected annual dividend per share	$ 0.08
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining compensation expense to be recognized	14.0
Restricted Stock | Additional Paid-in Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	1.2	0.7
Performance Based Restricted Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested RSUs outstanding, performance-based RSUs shares	216,730
Shares of performance-based RSU, reserved for issuance	207,753
Number of performance based RSUs that would be converted into time based RSUs upon completion of the Merger
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested RSUs	859,507
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining compensation expense to be recognized	3.8
Stock Options | Additional Paid-in Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	$ 1.2	$ 2.1

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Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012
Sales	$ 1,766,729	$ 1,872,912
Cost of goods sold and occupancy costs	1,307,869	1,390,136
Gross profit	458,860	482,776
Operating expenses
Operating, selling, and general and administrative expenses	435,420	439,662
Other operating expenses (income), net	(78,457)	25,266
Operating income	101,897	17,848
Interest expense	(16,685)	(18,364)
Interest income	10,762	10,819
Other income, net	351	240
Pre-tax income	96,325	10,543
Income tax expense	(38,673)	(3,629)
Net income attributable to OfficeMax and noncontrolling interest	57,652	6,914
Joint venture results attributable to noncontrolling interest	(810)	(1,526)
Net income attributable to OfficeMax	56,842	5,388
Preferred dividends	(507)	(530)
Net income available to OfficeMax common shareholders	$ 56,335	$ 4,858
Net income per common share
Basic	$ 0.65	$ 0.06
Diluted	$ 0.64	$ 0.06

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Reconciliation of Beginning and Ending Unrecognized Tax Benefits (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013
Income Tax Expense Benefit [Line Items]
Unrecognized gross tax benefits balance at December 29, 2012	$ 6,337
Increase related to prior year tax positions	15
Decrease related to prior year tax positions	(5)
Settlements	(2)
Unrecognized tax benefits balance at March 30, 2013	$ 6,345

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012
Cash provided by operations:
Net income attributable to OfficeMax and noncontrolling interest	$ 57,652	$ 6,914
Non-cash items in net income:
Deferred gain from investment in Boise Cascade Holdings, L.L.C.	(85,572)
Depreciation and amortization	18,356	19,091
Pension and other postretirement benefits expense	83	180
Deferred income tax expense	34,369	14,137
Other	834	25,165
Changes in operating assets and liabilities:
Receivables	(20,468)	25,580
Inventories	98,503	79,894
Accounts payable and accrued liabilities	(117,353)	(51,069)
Current and deferred income taxes	231	(15,677)
Collection of dividends receivable related to investment in Boise Cascade Holdings, L.L.C.	46,137
Other	88	(17,707)
Cash provided by operations	32,860	86,508
Cash provided by (used for) investment:
Expenditures for property and equipment	(28,363)	(15,532)
Return of investment in Boise Cascade Holdings, L.L.C.	83,307
Proceeds from sales of assets	3,438	1,591
Other	(997)
Cash provided by (used for) investment	57,385	(13,941)
Cash used for financing:
Common stock	(1,738)
Preferred stock	(2)
Borrowings (payments) of short-term debt, net	(33)	1,485
Borrowings of long-term debt	1,659
Payments of long-term debt	(1,128)	(989)
Proceeds from exercise of stock options	532	196
Payments related to other share-based compensation		(1,117)
Other	(4,660)	67
Cash used for financing	(5,370)	(358)
Effect of exchange rates on cash and cash equivalents	(775)	2,009
Increase in cash and cash equivalents	84,100	74,218
Balance at beginning of the period	495,056	427,111
Balance at end of the period	$ 579,156	$ 501,329

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Schedule of Changes in Shareholders Equity and Noncontrolling Interest (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012
Shareholders' Equity And Noncontrolling Interest [Line Items]
Net income attributable to OfficeMax and noncontrolling interest	$ 57,652	$ 6,914
Foreign currency translation adjustments	1,266	14,744
Amortization of unrecognized retirement and benefit costs, net of tax	2,739	2,261
Comprehensive income attributable to OfficeMax and noncontrolling interest	61,657	23,835
Preferred stock dividends	(507)	(530)
Stockholders' Equity
Shareholders' Equity And Noncontrolling Interest [Line Items]
Balance at December 29, 2012	1,034,373
Net income attributable to OfficeMax and noncontrolling interest	56,842
Foreign currency translation adjustments	(322)
Amortization of unrecognized retirement and benefit costs, net of tax	2,739
Comprehensive income attributable to OfficeMax and noncontrolling interest	59,259
Preferred stock dividends	(1,012)
Stock-based compensation activity	2,986
Non-controlling interest fair value adjustment	(2,157)
Other	(1)
Balance at March 30, 2013	1,093,448
Noncontrolling Interest
Shareholders' Equity And Noncontrolling Interest [Line Items]
Balance at December 29, 2012	44,617
Net income attributable to OfficeMax and noncontrolling interest	810
Foreign currency translation adjustments	1,588
Comprehensive income attributable to OfficeMax and noncontrolling interest	2,398
Non-controlling interest fair value adjustment	2,157
Other	(12)
Balance at March 30, 2013	$ 49,160

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Merger Agreement - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Feb. 20, 2013
Business Combination, Transactions [Line Items]
Merger agreement termination fee		$ 30
Merger related expense	$ 6.9
OfficeMax
Business Combination, Transactions [Line Items]
Number of shares shareholders will have the right to receive per share of OfficeMax common stock		1
New OfficeMax
Business Combination, Transactions [Line Items]
Number of shares shareholders will have the right to receive per share of OfficeMax common stock		2.69

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Legal Proceedings and Contingencies

3 Months Ended

Mar. 30, 2013

Legal Proceedings and Contingencies

16. Legal Proceedings and Contingencies

Eight putative class action lawsuits challenging the Merger Transactions have been filed to date on behalf of a putative class consisting of OfficeMax stockholders. Six lawsuits have been filed in the Circuit Court of the Eighteenth Judicial Circuit of DuPage County, Illinois: (i) Venkata S. Donepudi v. OfficeMax Incorporated, et al. (Case Number 2013L000188), filed on February 25, 2013; (ii) Beth Koeneke v. OfficeMax Incorporated, et al. (Case Number 2013CH00076), filed on February 28, 2013; (iii) Marc Schmidt v. Saligram, et al. (Case Number 2013MR000411), filed on March 13, 2013; (iv) The Feivel & Helene Gottlieb Defined Benefit Pension Plan v. OfficeMax Incorporated, et al. (Case Number 2013L000246), filed on March 14, 2013; (v) Norman Klumpp v. Bryant et al. (Case Number 2013CH1107), filed on March 28, 2013; and (vi) J. David Lewis v. OfficeMax Incorporated, et al. (Case Number 2013CH001123), filed on March 29, 2013.

These lawsuits name OfficeMax, Office Depot, Inc., and the directors of OfficeMax, among others, as defendants. Each of the lawsuits is brought by a purported holder or holders of OfficeMax common stock, both individually and on behalf of a putative class of OfficeMax stockholders. The lawsuits generally allege, among other things, that the directors of OfficeMax breached their fiduciary duties to OfficeMax stockholders by agreeing to a transaction with inadequate and unfair consideration and pursuant to an inadequate and unfair process. The lawsuits further allege that OfficeMax and Office Depot, Inc. among others aided and abetted the OfficeMax directors in the breach of their fiduciary duties. The lawsuits seek, in general, (i) injunctive relief enjoining, preliminarily and permanently, the Merger Transactions, (ii) in the event that the Merger Transactions are consummated, rescission or an award of rescissory damages, (iii) an award of plaintiffs’ costs, including fees and expenses of attorneys and experts, and (iv) imposition of a constructive trust on behalf of the putative class members upon any benefits improperly received by defendants. All six lawsuits have been consolidated and a consolidated amended complaint was filed on April 26, 2013.

Two additional putative class action lawsuits challenging the Merger Transactions were filed in the United States District Court, Northern District of Illinois: (i) Eric Hollander v. OfficeMax Incorporated, et al. (Case Number 1:13cv3330), filed on May 2, 2013; and (ii) Thomas DeFabio, et al. v. OfficeMax Incorporated, et al. (Case Number 1:13cv3385), filed on May 6, 2013.

OfficeMax, Office Depot, Inc., and the OfficeMax board of directors believe that these lawsuits are without merit and intend to defend against them vigorously.

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Facility Closure Reserves - Additional Information (Detail) (Retail Segment, USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012 Store
Retail Segment
Restructuring Cost and Reserve [Line Items]
Charges related to stores closed	$ 25.3
Total number of under performing stores	15

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Basis of Presentation (Policies)

3 Months Ended

Mar. 30, 2013

Nature Of Operations

Nature of Operations

OfficeMax Incorporated (“OfficeMax,” the “Company,” “we” or “our”) is a leader in both business-to-business and retail office products distribution. The Company provides office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products to large, medium and small businesses, government offices and consumers. OfficeMax customers are served by approximately 29,000 associates through direct sales, catalogs, the Internet and a network of retail stores located throughout the United States, Canada, Australia, New Zealand and Mexico.

The accompanying quarterly consolidated financial statements include the accounts of OfficeMax and all majority-owned subsidiaries, except our 88%-owned subsidiary that formerly owned assets in Cuba that were confiscated by the Cuban government in the 1960s, which is accounted for as an investment due to various asset restrictions. We also consolidate the variable interest entities in which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. These financial statements are for the thirteen-week period ended on March 30, 2013 (also referred to as the “first quarter of 2013” or the “three months ended March 30, 2013”) and the thirteen-week period ended on March 31, 2012 (also referred to as the “first quarter of 2012” or the “three months ended March 31, 2012”). The Company’s fiscal year ends on the last Saturday in December. Due primarily to statutory requirements, the Company’s international businesses maintain fiscal years with December 31 year-ends, with the exception of Grupo OfficeMax S. de R.L. de C.V. (“Grupo OfficeMax”), our majority-owned joint-venture in Mexico, for which the fiscal year-end is the last Saturday in December beginning with the 2012 fiscal year. Grupo OfficeMax reported one month in arrears in the first quarter of 2012. This practice was discontinued in the fourth quarter of 2012, resulting in fiscal year 2012 including 13 months for Grupo OfficeMax. This change in accounting policy did not have a material impact on the Company’s financial statements.

The Company manages its business using three reportable segments: OfficeMax, Contract (“Contract segment” or “Contract”); OfficeMax, Retail (“Retail segment” or “Retail”); and Corporate and Other. Management reviews the performance of the Company based on these segments. We present information pertaining to our segments in Note 13, “Segment Information”.

The Company has prepared the quarterly consolidated financial statements included herein pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Some information and note disclosures, which would normally be included in comprehensive annual financial statements prepared in accordance with accounting principles generally accepted in the United States, have been condensed or omitted pursuant to those SEC rules and regulations. These quarterly consolidated financial statements should be read together with the consolidated financial statements and the accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 29, 2012.

The quarterly consolidated financial statements included herein have not been audited by an independent registered public accounting firm, but in the opinion of management, include all adjustments necessary to present fairly the results for the periods indicated. Except as disclosed within these “Notes to Quarterly Consolidated Financial Statements (unaudited),” the adjustments made were of a normal, recurring nature. Quarterly results are not necessarily indicative of results which may be expected for a full year.

Recently Issued or Newly Adopted Accounting Standards

Recently Issued or Newly Adopted Accounting Standards

In February 2013, the FASB issued guidance which expands disclosure requirements for other comprehensive income. The guidance requires the reporting of the effect of the reclassification of items out of accumulated other comprehensive income on each affected net income line item. The guidance is effective for interim and annual periods beginning on or after December 15, 2012 and is to be applied prospectively. This guidance, which was adopted for the first quarter of 2013, affects the presentation of certain elements of the Company’s financial statements, but these changes in presentation did not have a material impact on those financial statements.

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Basis of Presentation

3 Months Ended

Mar. 30, 2013

Basis of Presentation

1. Basis of Presentation

Nature of Operations

OfficeMax Incorporated (“OfficeMax,” the “Company,” “we” or “our”) is a leader in both business-to-business and retail office products distribution. The Company provides office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products to large, medium and small businesses, government offices and consumers. OfficeMax customers are served by approximately 29,000 associates through direct sales, catalogs, the Internet and a network of retail stores located throughout the United States, Canada, Australia, New Zealand and Mexico.

The accompanying quarterly consolidated financial statements include the accounts of OfficeMax and all majority-owned subsidiaries, except our 88%-owned subsidiary that formerly owned assets in Cuba that were confiscated by the Cuban government in the 1960s, which is accounted for as an investment due to various asset restrictions. We also consolidate the variable interest entities in which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. These financial statements are for the thirteen-week period ended on March 30, 2013 (also referred to as the “first quarter of 2013” or the “three months ended March 30, 2013”) and the thirteen-week period ended on March 31, 2012 (also referred to as the “first quarter of 2012” or the “three months ended March 31, 2012”). The Company’s fiscal year ends on the last Saturday in December. Due primarily to statutory requirements, the Company’s international businesses maintain fiscal years with December 31 year-ends, with the exception of Grupo OfficeMax S. de R.L. de C.V. (“Grupo OfficeMax”), our majority-owned joint-venture in Mexico, for which the fiscal year-end is the last Saturday in December beginning with the 2012 fiscal year. Grupo OfficeMax reported one month in arrears in the first quarter of 2012. This practice was discontinued in the fourth quarter of 2012, resulting in fiscal year 2012 including 13 months for Grupo OfficeMax. This change in accounting policy did not have a material impact on the Company’s financial statements.

The Company manages its business using three reportable segments: OfficeMax, Contract (“Contract segment” or “Contract”); OfficeMax, Retail (“Retail segment” or “Retail”); and Corporate and Other. Management reviews the performance of the Company based on these segments. We present information pertaining to our segments in Note 13, “Segment Information”.

The Company has prepared the quarterly consolidated financial statements included herein pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Some information and note disclosures, which would normally be included in comprehensive annual financial statements prepared in accordance with accounting principles generally accepted in the United States, have been condensed or omitted pursuant to those SEC rules and regulations. These quarterly consolidated financial statements should be read together with the consolidated financial statements and the accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 29, 2012.

The quarterly consolidated financial statements included herein have not been audited by an independent registered public accounting firm, but in the opinion of management, include all adjustments necessary to present fairly the results for the periods indicated. Except as disclosed within these “Notes to Quarterly Consolidated Financial Statements (unaudited),” the adjustments made were of a normal, recurring nature. Quarterly results are not necessarily indicative of results which may be expected for a full year.

Recently Issued or Newly Adopted Accounting Standards

In February 2013, the FASB issued guidance which expands disclosure requirements for other comprehensive income. The guidance requires the reporting of the effect of the reclassification of items out of accumulated other comprehensive income on each affected net income line item. The guidance is effective for interim and annual periods beginning on or after December 15, 2012 and is to be applied prospectively. This guidance, which was adopted for the first quarter of 2013, affects the presentation of certain elements of the Company’s financial statements, but these changes in presentation did not have a material impact on those financial statements.

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012
Net income attributable to OfficeMax and noncontrolling interest	$ 57,652	$ 6,914
Other comprehensive income:
Cumulative foreign currency translation adjustment	1,266	14,744
Pension and postretirement liability adjustment, net of tax	2,739	2,261
Unrealized hedge income (loss), net of tax		(84)
Other comprehensive income	4,005	16,921
Comprehensive income attributable to OfficeMax and noncontrolling interest	61,657	23,835
Less: Joint venture results attributable to noncontrolling interest	810	1,526
Cumulative foreign currency translation adjustment attributable to noncontrolling interest	1,588	2,006
Joint venture comprehensive income attributable to noncontrolling interest	2,398	3,532
Comprehensive income attributable to OfficeMax	$ 59,259	$ 20,303

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Retirement and Benefit Plans

3 Months Ended

Mar. 30, 2013

Retirement and Benefit Plans

11. Retirement and Benefit Plans

Components of Net Periodic Benefit Cost (Income)

The following represents the components of net periodic benefit cost (income) for pension and other postretirement benefits which are recorded in operating, selling and general and administrative expense in the Consolidated Statements of Income:

	Three Months Ended
	Pension Benefits						Other Postretirement Benefits
	March 30, 2013			March 31, 2012			March 30, 2013			March 31, 2012
	(thousands)
Service cost	$	779		$	943		$	87		$	73
Interest cost		11,941			16,158			221			235
Expected return on plan assets		(17,379	)		(20,773	)		—			—
Recognized actuarial loss		5,322			4,491			100			55
Amortization of prior service credits		—			—			(988	)		(1,002	)
Net periodic benefit cost (income)	$	663		$	819		$	(580	)	$	(639	)

Cash Flows

We expect to make $3.3 million of contributions to the Company’s pension plans in 2013, which we expect to fund with cash. As of March 30, 2013, $0.8 million in cash has been contributed in 2013.

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Document and Entity Information	3 Months Ended
	Mar. 30, 2013	Apr. 26, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Trading Symbol	OMX
Entity Registrant Name	OFFICEMAX INC
Entity Central Index Key	0000012978
Current Fiscal Year End Date	--12-29
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		87,004,694

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Share-Based Compensation

3 Months Ended

Mar. 30, 2013

Share-Based Compensation

12. Share-Based Compensation

The Company sponsors several share-based compensation plans. The Company recognizes compensation expense from all share-based payment transactions with employees in the consolidated financial statements at fair value. Pre-tax compensation costs related to the Company’s share-based plans were $2.4 million and $2.8 million for the first three months of 2013 and 2012, respectively. Compensation expense is generally recognized on a straight-line basis over the vesting period of grants. The total income tax benefit recognized in the Consolidated Statements of Income for share-based compensation arrangements was $1.0 million and $1.1 million for the first three months of 2013 and 2012, respectively.

Restricted Stock and Restricted Stock Units

Restricted stock is restricted until it vests and cannot be sold by the recipient until its restrictions have lapsed. Each restricted stock unit (“RSU”) is convertible into one share of common stock after its restrictions have lapsed. The Company recognizes compensation expense related to these awards over the vesting periods based on the awards’ grant date fair values. The Company calculates the grant date fair value of the RSU awards by multiplying the number of RSUs by the closing price of the Company’s common stock on the grant date. If these awards contain performance criteria the grant date fair value is set assuming performance at target, and management periodically reviews actual performance against the criteria and adjusts compensation expense accordingly. Pre-tax compensation expense and additional paid-in capital related to restricted stock and RSU awards was $1.2 million and $0.7 million for the first three months of 2013 and 2012, respectively. The remaining compensation expense to be recognized related to outstanding restricted stock and RSU awards, net of estimated forfeitures, is approximately $14.0 million and will be recognized through the first quarter of 2016.

A summary of restricted stock and RSU activity for the first three months of 2013 is presented in the following table:

	Shares			Weighted-Average Grant Date Fair Value Per Common Share
Unvested, December 29, 2012		1,317,756		$	10.70
Granted		1,329,171			11.73
Vested		(716	)		33.73
Forfeited		(602,718	)		12.52
Unvested, March 30, 2013		2,043,493		$	10.82

Unvested restricted stock and RSUs are not included as shares outstanding in the calculation of basic earnings per share, but, except as described below, are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive. In the above table, granted RSUs include 216,730 shares of performance-based RSUs reserved for in 2012 which were not considered granted or outstanding until 2013 when the associated performance measures were established. Unvested RSUs outstanding at March 30, 2013 in the above table do not include 207,753 shares of performance-based RSUs that were reserved for issuance in 2012 for which associated performance measures have not yet been established. Therefore, they are not considered granted or outstanding. All of those RSUs have been excluded from the number of shares used to calculate diluted earnings per share.

There are 859,507 unvested performance based RSUs as of March 30, 2013 that would be converted into time based RSUs upon completion of the Merger Transactions, including the 207,753 shares of performance-based RSUs discussed above that have been reserved for issuance but are not considered granted in the above table. For more information related to the Merger Transactions, see Note 2, “Merger Agreement.”

Stock Options

The Company’s stock options are issued with an exercise price equal to fair market value on the grant date and typically expire within seven years of the grant date. Stock options granted under the 2003 OfficeMax Incentive and Performance Plan generally vest over a three year period. Pre-tax compensation expense related to stock options was $1.2 million and $2.1 million for the first three months of 2013 and 2012, respectively. The remaining compensation expense to be recognized related to outstanding stock options, net of estimated forfeitures, is approximately $3.8 million and will be recognized through the fourth quarter of 2016.

A summary of stock option activity for the first three months of 2013 is presented in the following table:

	Shares			Wtd. Avg. Exercise Price
Balance at December 29, 2012		5,212,738		$	10.57
Options granted		3,500			9.76
Options exercised		(100,016	)		5.32
Options forfeited and expired		(113,173	)		8.89
Balance at March 30, 2013		5,003,049		$	10.71
Exercisable at March 30, 2013		2,881,728
Weighted average fair value of options granted (Black-Scholes) during 2013	$	5.07

The following table provides summarized information about stock options outstanding at March 30, 2013:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Options Outstanding		Weighted Average Contractual Life (Years)		Weighted Average Exercise Price		Options Exercisable		Weighted Average Exercise Price
$2.50		11,171		—	$	2.50		11,171	$	2.50
$4.00 – $9.99		2,660,848		5.2		5.52		1,132,394		5.14
$10.00 – $15.99		656,690		4.0		14.04		607,344		14.34
$16.00 – $17.00		679,840		4.9		16.86		464,819		16.86
$18.00 – $19.00		975,000		4.6		18.15		650,000		18.15
$24.00 – $37.00		16,000		1.4		30.37		16,000		30.37

At March 30, 2013, the aggregate intrinsic value was $16.5 million for outstanding stock options and $7.5 million for those stock options that were exercisable. The aggregate intrinsic value represents the total pre-tax intrinsic value (i.e. the difference between the Company’s closing stock price on the last trading day of the first quarter of 2013 and the exercise price, multiplied by the number of in-the-money stock options at the end of the quarter).

During the first three months of 2013, the Company granted stock options for 3,500 shares of our common stock and estimated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: risk-free interest rate of 0.63%, expected annual dividends of $0.08 per share, expected life of 4.5 years and expected stock price volatility of 69.94%.

The risk-free interest rate assumptions are based on the applicable U.S. Treasury Bill rates over the options’ expected lives; the expected life assumptions are based on the time period stock options are expected to be outstanding based on historical experience; and the expected stock price volatility assumptions are based on the historical and implied volatility of the Company’s common stock.

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 30, 2013	Dec. 29, 2012
Current assets:
Cash and cash equivalents	$ 579,156	$ 495,056
Receivables, net	558,665	528,279
Inventories	717,126	812,454
Deferred income taxes and receivables	66,255	68,568
Other current assets	74,881	79,527
Total current assets	1,996,083	1,983,884
Property and equipment:
Land and land improvements	39,619	40,404
Buildings and improvements	497,815	501,055
Machinery and equipment	792,651	797,378
Total property and equipment	1,330,085	1,338,837
Accumulated depreciation	(988,186)	(986,611)
Net property and equipment	341,899	352,226
Intangible assets, net	80,800	80,765
Investment in Boise Cascade Holdings, L.L.C.	91,693	175,000
Timber notes receivable	817,500	817,500
Deferred income taxes	73,476	108,759
Other non-current assets	222,960	266,181
Total assets	3,624,411	3,784,315
Current liabilities:
Accounts payable	591,949	699,636
Income tax payable	3,896	4,222
Accrued expenses and other current liabilities:
Compensation and benefits	94,934	122,662
Other	229,790	219,889
Current portion of debt	10,607	10,232
Total current liabilities	931,176	1,056,641
Long-term debt, less current portion	226,552	225,962
Non-recourse debt	735,000	735,000
Other long-term items:
Compensation and benefits obligations	360,488	365,568
Deferred gain on sale of assets	94,185	179,757
Other long-term liabilities	134,402	142,397
Noncontrolling interest in joint venture	49,160	44,617
OfficeMax shareholders' equity:
Preferred stock-no par value; 10,000,000 shares authorized; Series D ESOP: $.01 stated value; 608,565 and 608,693 shares outstanding	27,385	27,391
Common stock-$2.50 par value; 200,000,000 shares authorized; 86,984,543 and 86,883,521 shares outstanding	217,461	217,209
Additional paid-in capital	1,019,248	1,018,667
Accumulated deficit	(35,542)	(91,373)
Accumulated other comprehensive loss	(135,104)	(137,521)
Total OfficeMax shareholders' equity	1,093,448	1,034,373
Total liabilities and shareholders' equity	$ 3,624,411	$ 3,784,315

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Net Income Per Common Share

3 Months Ended

Mar. 30, 2013

Net Income Per Common Share

6. Net Income Per Common Share

Basic net income per common share is calculated using net income available to holders of our common stock divided by the weighted average number of shares of common stock outstanding during the applicable periods presented. Diluted net income per common share is similar to basic net income per common share except that the weighted average number of shares of common stock outstanding is increased to include, if their inclusion is dilutive, the number of additional shares of common stock that would have been outstanding assuming the issuance of all potentially dilutive shares, such as common stock to be issued upon the exercise of stock options, the vesting of restricted stock units, and the conversion of outstanding preferred stock. Net income per common share was determined by dividing net income, as adjusted, by weighted average shares outstanding as follows:

	Three Months Ended
	March 30, 2013		March 31, 2012
	(thousands, except per- share amounts)
Net income available to OfficeMax common shareholders	$	56,335	$	4,858
Average shares—basic		86,902		86,341
Net income available to OfficeMax common shareholders per common share:
Basic	$	0.65	$	0.06

	Three Months Ended
	March 30, 2013		March 31, 2012
	(thousands, except per- share amounts)
Net income available to OfficeMax common shareholders	$	56,335	$	4,858
Average shares—basic		86,902		86,341
Restricted stock, stock options, preferred share conversion and other(a)(b)		1,396		985
Average shares—diluted		88,298		87,326
Diluted net income attributable to OfficeMax per common share:
Diluted	$	0.64	$	0.06

(a) The assumed conversion of outstanding preferred stock was anti-dilutive in all periods presented, and therefore no adjustment was required to determine diluted net income from continuing operations or average shares-diluted.

(b) Options to purchase 2.3 million and 3.3 million shares of common stock were outstanding during the first three months of 2013 and 2012, respectively, but were not included in the computation of diluted income per common share because the impact would have been anti-dilutive as the option price was higher than the average market price during those periods.

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Timber Notes/Non-Recourse Debt

3 Months Ended

Mar. 30, 2013

Timber Notes/Non-Recourse Debt

5. Timber Notes/Non-Recourse Debt

In October 2004, we sold our timberland assets in exchange for $15 million in cash plus credit-enhanced timber installment notes in the amount of $1,635 million (the “Installment Notes”). The Installment Notes were issued by single-member limited liability companies formed by affiliates of Boise Cascade, L.L.C. (the “Note Issuers”). The Installment Notes are 15-year non-amortizing obligations and were issued in two equal $817.5 million tranches bearing interest at 5.11% and 4.98%, respectively. In order to support the issuance of the Installment Notes, the Note Issuers transferred a total of $1,635 million in cash to Lehman Brothers Holdings Inc. (“Lehman”) and Wells Fargo & Company (“Wells”) (which at the time was Wachovia Corporation) ($817.5 million to each of Lehman and Wells). Lehman and Wells issued collateral notes (the “Collateral Notes”) to the Note Issuers. Concurrently with the issuance of the Installment and Collateral Notes, Lehman and Wells guaranteed the respective Installment Notes and the Note Issuers pledged the Collateral Notes as security for the performance of the Installment Note obligations.

In December 2004, we completed a securitization transaction in which the Company’s interests in the Installment Notes and related guarantees were transferred to wholly-owned bankruptcy remote subsidiaries. The subsidiaries pledged the Installment Notes and related guarantees and issued securitized notes (the “Securitization Notes”) in the amount of $1,470 million ($735 million through the structure supported by the Lehman guaranty and $735 million through the structure supported by the Wells guaranty). As a result of these transactions, we received $1,470 million in cash. Recourse on the Securitization Notes is limited to the proceeds of the applicable pledged Installment Notes and underlying Lehman or Wells guaranty, and therefore there is no recourse against OfficeMax. The Securitization Notes are 15-year non-amortizing, and were issued in two equal $735 million tranches paying interest of 5.54% and 5.42%, respectively. The Securitization Notes are reported as non-recourse debt in the Company’s Consolidated Balance Sheets.

On September 15, 2008, Lehman, the guarantor of half of the Installment Notes and the Securitization Notes, filed a petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under chapter 11 of the United States Bankruptcy Code. Lehman’s bankruptcy filing constituted an event of default under the $817.5 million Installment Note guaranteed by Lehman (the “Lehman Guaranteed Installment Note”). During the third quarter of 2012, we entered into an agreement that extinguished the Securitization Notes guaranteed by Lehman. Upon effectiveness of the agreement, the trustee for the Securitization Note holders released OfficeMax and its affiliates from the non-recourse liabilities following the transfer from OfficeMax to the trustee for the Securitization Note holders of the claims arising from the bankruptcy, the Lehman Guaranteed Installment Note and the related guaranty.

At the time of the sale of the timberlands in 2004, we generated a tax gain and recognized the related deferred tax liability. The timber installment notes structure allowed the Company to defer the resulting tax liability of $529 million until 2020, the maturity date for the Installment Notes. In the third quarter of 2012, as a result of the agreement transferring our rights to the remaining receivable and the extinguishment of Securitization Notes guaranteed by Lehman, $269 million of the deferred tax gain was recognized. At March 30, 2013, the remaining deferred tax gain of $260 million is related to the Installment Notes guaranteed by Wells (the “Wells Guaranteed Installment Notes”), and will be recognized upon maturity.

Through March 30, 2013, we have received all payments due under the Wells Guaranteed Installment Notes, which have consisted only of interest due on the notes, and have made all payments due on the related Securitization Notes guaranteed by Wells, again consisting only of interest due. As all amounts due on the Wells Guaranteed Installment Notes are current and we have no reason to believe that we will not be able to collect all amounts due according to the contractual terms of the Wells Guaranteed Installment Notes, the notes are reflected in our Consolidated Balance Sheets at their original principal amount of $817.5 million. The Wells Guaranteed Installment Notes and related Securitization Notes are scheduled to mature in 2020 and 2019, respectively. The Securitization Notes have an initial term that is approximately three months shorter than the Wells Guaranteed Installment Notes.

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Subsequent Events

3 Months Ended

Mar. 30, 2013

Subsequent Events

17. Subsequent Events

On May 6, 2013, we declared a special non-recurring dividend of $1.50 per share of common stock payable on July 2, 2013 to shareholders of record as of the close of business on June 12, 2013 which we expect to total approximately $130 million. We expect to equitably adjust outstanding options and RSUs to reflect the payment of the special dividend.

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Segment Information

3 Months Ended

Mar. 30, 2013

Segment Information

13. Segment Information

The Company manages its business using three reportable segments: Contract, Retail, and Corporate and Other. Management reviews the performance of the Company based on these segments.

Contract distributes a broad line of items for the office, including office supplies and paper, technology products and solutions, office furniture, print and document services and facilities products. Contract sells directly to large corporate and government offices, as well as to small and medium-sized offices and consumers in the United States, Canada, Australia and New Zealand. This segment markets and sells through field salespeople, outbound telesales, catalogs, the Internet and in some markets, including Canada, Australia and New Zealand, through office products stores. Substantially all products sold by Contract are purchased from third-party manufacturers or industry wholesalers. Contract purchases office papers for its businesses in the U.S., Canada, and Puerto Rico primarily from Boise White Paper, L.L.C., under a paper supply contract entered into on June 25, 2011.

Retail is a retail distributor of office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products. In addition, this segment contracts with large national retail chains to supply office and school supplies to be sold in their stores. Retail office supply stores feature OfficeMax ImPress, an in-store module devoted to print-for-pay and related services. Retail has operations in the United States, Puerto Rico and the U.S. Virgin Islands. Retail also operates office products stores in Mexico through Grupo OfficeMax. Substantially all products sold by Retail are purchased from third-party manufacturers or industry wholesalers. Retail purchases office papers for its U.S. businesses primarily from Boise White Paper, L.L.C., under the paper supply contract described above.

Corporate and Other includes corporate support staff services and certain other legacy expenses as well as the related assets and liabilities. The income and expense related to certain assets and liabilities that are reported in the Corporate and Other segment have been allocated to the Contract and Retail segments.

Management evaluates the segments’ performances using segment income (loss) which is based on operating income (loss) after eliminating the effect of certain legacy operating items such as income associated with our Boise Investment and certain other operating items such as store closure costs and costs related to the proposed Merger Transactions, all of which are not indicative of our core operations.

The following tables contain details of the Company’s operations by segment:

	Sales		Segment income (loss)			Other operating (expenses) income, net			Operating income (loss)
	(thousands)
Three months ended March 30, 2013
Contract	$	921,291	$	15,429		$	—		$	15,429
Retail		845,438		16,223			—			16,223
Corporate and Other		—		(9,259	)		79,504			70,245
Total	$	1,766,729	$	22,393		$	79,504		$	101,897
Three months ended March 31, 2012
Contract	$	960,583	$	27,086		$	—		$	27,086
Retail		912,329		22,825			(25,266	)		(2,441	)
Corporate and Other		—		(8,866	)		2,069			(6,797	)
Total	$	1,872,912	$	41,045		$	(23,197	)	$	17,848

Interest expense, interest income, and other income, net are not recorded by segments.

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Debt

3 Months Ended

Mar. 30, 2013

Debt

9. Debt

Credit Agreements

On October 7, 2011, the Company entered into a Second Amended and Restated Loan and Security Agreement (the “Credit Agreement”) with a group of banks. The Credit Agreement permits the Company to borrow up to a maximum of $650 million, of which $50 million is allocated to the Company’s Canadian subsidiary and $600 million is allocated to the Company and its other participating U.S. subsidiaries, in each case subject to a borrowing base calculation that limits availability to a percentage of eligible trade and credit card receivables plus a percentage of the value of eligible inventory less certain reserves. The Credit Agreement may be increased (up to a maximum of $850 million) at the Company’s request and the approval of the lenders participating in the increase, or may be reduced from time to time at the Company’s request, in each case according to the terms detailed in the Credit Agreement. Letters of credit, which may be issued under the Credit Agreement up to a maximum of $250 million, reduce available borrowing capacity. At the end of the first quarter of 2013, the Company was in compliance with all covenants under the Credit Agreement. The Credit Agreement will expire on October 7, 2016.

Borrowings under the Credit Agreement are subject to interest at rates based on either the prime rate, the federal funds rate, LIBOR or the Canadian Dealer Offered Rate. An additional percentage, which varies depending on the level of average borrowing availability, is added to the applicable rates. Fees on letters of credit issued under the Credit Agreement are charged at rates between 1.25% and 2.25% depending on the type of letter of credit (i.e., stand-by or commercial) and the level of average borrowing availability. The Company is also charged an unused line fee of between 0.375% and 0.5% on the amount by which the maximum available credit exceeds the average daily outstanding borrowings and letters of credit. The fees on letters of credit were 1.75% and the unused line fee was 0.5% at the end of the first quarter of 2013.

Availability under the Credit Agreement at the end of the first quarter of 2013 was as follows:

	Total
	(millions)
Maximum aggregate available borrowing amount	$	598.5
Less: Stand-by letters of credit		38.0
Amount available for borrowing	$	560.5

There were no borrowings under the Company’s Credit Agreement during the first three months of 2013.

Other

At the end of the first quarter of 2013, Grupo OfficeMax had total outstanding borrowings of $10.6 million. This included $2.2 million outstanding under a 60-month installment note due in the first quarter of 2014 and $2.1 million outstanding under a 54-month installment note due in the third quarter of 2014. Payments on the installment loans are made monthly. The remaining $6.3 million of borrowings is a simple revolving loan. Recourse on the Grupo OfficeMax loans is limited to Grupo OfficeMax. The installment loan maturing in the third quarter of 2014 is secured by certain owned property of Grupo OfficeMax. All other Grupo OfficeMax loan facilities are unsecured.

Cash Paid for Interest

Cash payments for interest were $4.5 million and $4.8 million during the first three months of 2013 and 2012, respectively. There were no interest payments related to the Securitization Notes for the first three months of 2013 and 2012.

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Accumulated Other Comprehensive Income Loss (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 29, 2012	$ (137,521)
Other comprehensive income (loss) before reclassifications	(322)
Amounts reclassified from accumulated other comprehensive income (loss): Amortization of unrecognized retirement and benefit costs	4,434
Current period other comprehensive income (loss)	4,112
Income taxes	(1,695)
Net current period other comprehensive income (loss)	2,417
Balance at March 30, 2013	(135,104)
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 29, 2012	(288,450)
Amounts reclassified from accumulated other comprehensive income (loss): Amortization of unrecognized retirement and benefit costs	4,434
Current period other comprehensive income (loss)	4,434
Income taxes	(1,695)
Net current period other comprehensive income (loss)	2,739
Balance at March 30, 2013	(285,711)
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 29, 2012	150,929
Other comprehensive income (loss) before reclassifications	(322)
Current period other comprehensive income (loss)	(322)
Net current period other comprehensive income (loss)	(322)
Balance at March 30, 2013	$ 150,607

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Income Taxes

3 Months Ended

Mar. 30, 2013

Income Taxes

7. Income Taxes

The Company and its subsidiaries file income tax returns in the U.S. Federal jurisdiction, and multiple state and foreign jurisdictions. Years prior to 2010 are no longer subject to U.S. Federal income tax examination. During the first quarter of 2013, the Company received notice that all audit work related to U.S. federal income tax returns for the years 2006 through 2009 is complete and closed. The Company is no longer subject to state income tax examinations by tax authorities in its major state jurisdictions for years before 2003, and the Company is no longer subject to income tax examinations prior to 2005 for its major foreign jurisdictions.

As discussed in Note 5, “Timber Notes/Non-Recourse Debt,” at the time of the sale of the timberlands in 2004, we generated a tax gain and recognized the related deferred tax liability. The timber installment notes structure allowed the Company to defer the resulting tax liability until 2020, the maturity date for the Installment Notes. As the tax gain associated with the Lehman Guaranteed Installment Note was recognized in 2012, the remaining tax liability of $260 million at March 30, 2013, is related to the Wells Guaranteed Installment Notes and will be recognized when the Wells Guaranteed Installment Notes are paid.

As of March 30, 2013, the Company had $6.3 million of total unrecognized tax benefits, $6.2 million of which would affect the Company’s effective tax rate if recognized. Any future adjustments would result from the effective settlement of tax positions with various tax authorities. The Company does not anticipate any tax settlements to occur within the next twelve months. The reconciliation of the beginning and ending unrecognized tax benefits is as follows:

	Amount
	(thousands)
Unrecognized gross tax benefits balance at December 29, 2012	$	6,337
Increase related to prior year tax positions		15
Decrease related to prior year tax positions		(5	)
Settlements		(2	)
Unrecognized tax benefits balance at March 30, 2013	$	6,345

During the first three months of 2013 and 2012, cash payments, net of refunds received, for income taxes were as follows:

	2013		2012
	(thousands)
Cash tax payments, net	$	4,073	$	5,169

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Investment in Boise Cascade Holdings, L.L.C.

3 Months Ended

Mar. 30, 2013

Investment in Boise Cascade Holdings, L.L.C.

8. Investment in Boise Cascade Holdings, L.L.C.

In connection with the sale of the paper, forest products and timberland assets in 2004, we invested $175 million in affiliates of Boise Cascade, L.L.C. Due to restructurings conducted by those affiliates, our investment is currently in Boise Cascade Holdings, L.L.C., a building products company.

Our investment in Boise Cascade Holdings, L.L.C. (the “Boise Investment”) is accounted for under the cost method, as Boise Cascade Holdings, L.L.C. does not maintain separate ownership accounts for its members’ interests, and we do not have the ability to significantly influence the operating and financial policies of Boise Cascade Holdings, L.L.C. In exchange for investing in Boise Cascade Holdings, L.L.C., we received voting securities and non-voting securities.

A subsidiary of Boise Cascade Holdings, L.L.C., Boise Cascade, L.L.C., filed a registration statement with the SEC in November 2012 to register stock for an initial public offering (the “Boise IPO”). Boise Cascade, L.L.C. completed the Boise IPO on February 11, 2013 and became Boise Cascade Company. In connection with the Boise IPO, Boise Cascade Holdings, L.L.C.’s equity interest in Boise Cascade, L.L.C. was automatically exchanged for 29.7 million shares of common stock of Boise Cascade Company. Subsequent to the Boise IPO, Boise Cascade Holdings, L.L.C. executed a Fourth Amended and Restated Operating Agreement on February 26, 2013, pursuant to which Boise Cascade Holdings, L.L.C.’s existing Series B and Series C common units were exchanged for newly issued common units of Boise Cascade Holdings L.L.C., after which OfficeMax owns 5.9 million of the outstanding 29.7 million common units of Boise Cascade Holdings, L.L.C., representing a 20.01% ownership interest in Boise Cascade Holdings, L.L.C.

The non-voting securities of Boise Cascade Holdings, L.L.C. were redeemed at the original investment amount of $66 million in February 2013. Prior to the redemption, the non-voting securities accrued dividends daily at the rate of 8% per annum on the liquidation value plus the accumulated dividends. These dividends accumulated semiannually to the extent not paid in cash on the last day of June and December. The accumulated dividend receivable of $46.1 million was also collected in February 2013. Our policy was to record the income associated with these dividends as a reduction of operating, selling and general and administrative expenses in the Consolidated Statements of Income, and we recognized dividend income of $1.0 million and $2.1 million during the first three months of 2013 and 2012, respectively.

The income associated with the dividends on the non-voting equity securities ceased in the first quarter of 2013 as a result of the redemption of those securities. The voting securities do not accrue dividends. However, in February 2013, we received a distribution of $17.3 million related to the voting equity securities, which was recorded as a reduction in the carrying value of the Boise Investment. In April of 2013, we received an additional distribution of $4.4 million.

The Boise Investment represented a continuing involvement in the operations of the business we sold in 2004. Therefore, $179.8 million of gain realized from the sale was deferred. The redemption of the non-voting equity securities, as well as the distribution related to the voting equity securities, triggered recognition of a pre-tax operating gain of $85.6 million. The gain was reported, net of fees, as $85.4 million of income in operating expenses (income), net in the Consolidated Statements of Income. The remaining $94.2 million of deferred gain attributable to the voting equity securities will be recognized in earnings as the Company’s investment is reduced.

As of March 30, 2013, based on the trading value of the publicly traded shares of Boise Cascade Company on that date, there was no indication of impairment of the Boise Investment.

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Financial Instruments, Derivatives and Hedging Activities

3 Months Ended

Mar. 30, 2013

Financial Instruments, Derivatives and Hedging Activities

10. Financial Instruments, Derivatives and Hedging Activities

Fair Value of Financial Instruments

The carrying amounts of cash and cash equivalents, trade accounts receivable, other assets (non-derivatives), short-term borrowings and trade accounts payable approximate fair value because of the short maturity of these instruments. The following table presents the carrying amounts and estimated fair values of the Company’s other financial instruments at March 30, 2013 and December 29, 2012. The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties.

	March 30, 2013
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total
	(thousands)
Financial assets:
Timber notes receivable - Wells	$	—	$	973,539	$	—	$	973,539	$	817,500
Boise Investment	$	—	$	206,854	$	—	$	206,854	$	91,693
Financial liabilities:
Recourse debt	$	83,435	$	150,770	$	—	$	234,205	$	237,159
Non-recourse debt - Wells	$	—	$	892,420	$	—	$	892,420	$	735,000
	December 29, 2012
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total
	(thousands)
Financial assets:
Timber notes receivable - Wells	$	—	$	986,365	$	—	$	986,365	$	817,500
Financial liabilities:
Recourse debt	$	—	$	229,431	$	—	$	229,431	$	236,194
Non-recourse debt - Wells	$	—	$	903,912	$	—	$	903,912	$	735,000

In establishing a fair value, there is a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The basis of the fair value measurement is categorized in three levels, in order of priority, described as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2: Quoted prices in markets that are not active, or financial instruments for which all significant inputs are observable either directly or indirectly.

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable thus reflecting assumptions about the market participants.

The carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions. The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

• Timber notes receivable: Timber notes receivable as of March 30, 2013 consists solely of the Wells Guaranteed Installment Notes. The fair value of the Wells Guaranteed Installment Notes is determined as the present value of expected future cash flows discounted at the current interest rate for loans of similar terms with comparable credit risk (Level 2 inputs).

• Boise Investment: The fair value of the Boise Investment is calculated as the sum of the market value of OfficeMax’s indirect investment in Boise Cascade Company, the primary investment of Boise Cascade Holdings, Inc., plus OfficeMax’s portion of any cash held by Boise Cascade Holdings, L.L.C. as of the balance sheet date (together, Level 2 inputs). OfficeMax’s indirect investment in Boise Cascade Company is calculated using the number of shares OfficeMax indirectly holds in Boise Cascade Company multiplied by the closing stock price of Boise Cascade Company as of the last trading day prior to the balance sheet date. Prior to the first quarter of 2013, it was not considered practicable to estimate the fair value of the Boise Investment. Boise Cascade Holdings, L.L.C. and its subsidiaries were untraded companies without observable market inputs. However, as discussed in Note 8, “Investment in Boise Cascade Holdings, L.L.C.,” Boise Cascade Company became a publicly traded company through the Boise IPO executed in the first quarter of 2013. As of March 30, 2013, the Boise Investment constitutes an indirect interest in Boise Cascade Company’s publicly traded securities (NYSE: BCC). The availability of quoted market prices for the indirect investment makes the estimate of fair value practicable beginning in the first quarter of 2013.

• Recourse debt: The Company’s debt instruments are not widely traded. Recourse debt for which there were trades on the last day of the period (the “measurement date”) was valued using the unadjusted quoted price from the last trade on the measurement date (Level 1 input). Recourse debt for which there were no transactions on the measurement date was valued based on quoted market prices near the measurement date when available or by discounting the future cash flows of each instrument using rates based on the most recently observable trade or using rates currently offered to the Company for similar debt instruments of comparable maturities (Level 2 inputs).

• Non-recourse debt: Non-recourse debt as of March 30, 2013 consists solely of the Securitization Notes supported by Wells. The fair value of the Securitization Notes supported by Wells is estimated by discounting the future cash flows of the instrument at rates currently available to the Company for similar instruments of comparable maturities (Level 2 inputs).

During the first three months of 2013, there were no significant changes to the techniques used to measure fair value except as noted above for the estimate of fair value of the Boise Investment. Other than routine borrowings and payments of recourse debt, there were no changes to the financial instruments for which fair value is being calculated. Any changes in the level of inputs for recourse debt is due to the existence or nonexistence of trades on the measurement date from which to obtain unadjusted quoted prices.

Derivatives and Hedging Activities

Changes in foreign currency exchange rates expose us to financial market risk. We occasionally use derivative financial instruments, such as forward exchange contracts, to manage our exposure associated with commercial transactions and certain liabilities that are denominated in a currency other than the currency of the operating unit entering into the underlying transaction. We do not enter into derivative instruments for any other purpose. We do not speculate using derivative instruments. The fair values of derivative financial instruments were not material at the end of the first quarter of 2013 or at 2012 fiscal year-end.

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Basis of Presentation - Additional Information (Detail)	3 Months Ended
	Mar. 30, 2013 Segment Employee
Summary Of Significant Accounting Policies [Line Items]
Maximum number of associates	29,000
Number of reportable segments	3
Cuba
Summary Of Significant Accounting Policies [Line Items]
Percentage of ownership in subsidiary	88.00%

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Components of Net Periodic Pension and Other Postretirement Benefit Costs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 779	$ 943
Interest cost	11,941	16,158
Expected return on plan assets	(17,379)	(20,773)
Recognized actuarial loss	5,322	4,491
Net periodic benefit cost (income)	663	819
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	87	73
Interest cost	221	235
Recognized actuarial loss	100	55
Amortization of prior service credits	(988)	(1,002)
Net periodic benefit cost (income)	$ (580)	$ (639)

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Commitments and Guarantees

3 Months Ended

Mar. 30, 2013

Commitments and Guarantees

15. Commitments and Guarantees

Commitments

In accordance with an amended and restated joint venture agreement, the minority owner of Grupo OfficeMax, our joint-venture in Mexico, can elect to require OfficeMax to purchase the minority owner’s 49% interest in the joint venture if certain earnings targets are achieved. Earnings targets are calculated quarterly on a rolling four-quarter basis. Accordingly, the targets may be achieved in one quarter but not in the next. If the earnings targets are achieved and the minority owner elects to require OfficeMax to purchase the minority owner’s interest, the purchase price is based on the joint venture’s earnings and the current market multiples of similar companies. At the end of the first quarter of 2013, Grupo OfficeMax met the earnings targets and the estimated purchase price of the minority owner’s interest was $48.2 million. This represents an increase in the estimated purchase price from the prior year which is attributable to higher market multiples for similar companies as of the measurement date and higher earnings for Grupo OfficeMax. As the estimated purchase price was greater than the carrying value of the noncontrolling interest as of the end of the year, the Company recorded an adjustment to state the noncontrolling interest at the estimated purchase price, and, as the estimated purchase price approximates fair value, the offset was recorded to additional paid-in capital.

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Net Income Per Common Share (Tables)

3 Months Ended

Mar. 30, 2013

Computation Of Basic And Diluted Income Per Share

Net income per common share was determined by dividing net income, as adjusted, by weighted average shares outstanding as follows:

	Three Months Ended
	March 30, 2013		March 31, 2012
	(thousands, except per- share amounts)
Net income available to OfficeMax common shareholders	$	56,335	$	4,858
Average shares—basic		86,902		86,341
Net income available to OfficeMax common shareholders per common share:
Basic	$	0.65	$	0.06

	Three Months Ended
	March 30, 2013		March 31, 2012
	(thousands, except per- share amounts)
Net income available to OfficeMax common shareholders	$	56,335	$	4,858
Average shares—basic		86,902		86,341
Restricted stock, stock options, preferred share conversion and other(a)(b)		1,396		985
Average shares—diluted		88,298		87,326
Diluted net income attributable to OfficeMax per common share:
Diluted	$	0.64	$	0.06

(a) The assumed conversion of outstanding preferred stock was anti-dilutive in all periods presented, and therefore no adjustment was required to determine diluted net income from continuing operations or average shares-diluted.

(b) Options to purchase 2.3 million and 3.3 million shares of common stock were outstanding during the first three months of 2013 and 2012, respectively, but were not included in the computation of diluted income per common share because the impact would have been anti-dilutive as the option price was higher than the average market price during those periods.

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Availability Under Company Credit Agreements (Detail) (North American Agreement, USD $) In Millions, unless otherwise specified	Mar. 30, 2013
North American Agreement
Debt Instrument [Line Items]
Maximum aggregate available borrowing amount	$ 598.5
Less: Stand-by letters of credit	38.0
Amount available for borrowing at the end of the first quarter of 2013	$ 560.5

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Timber Notes Non Recourse Debt - Additional Information (Detail) (USD $)	1 Months Ended		3 Months Ended			9 Months Ended			3 Months Ended					3 Months Ended
	Oct. 31, 2004	Dec. 31, 2004	Mar. 30, 2013 Installment Notes	Oct. 31, 2004 Installment Notes Tranch One Y	Oct. 31, 2004 Installment Notes Tranch Two Y	Sep. 29, 2012 Installment Notes Lehman Brothers Holdings Inc	Sep. 15, 2008 Installment Notes Lehman Brothers Holdings Inc	Oct. 31, 2004 Installment Notes Lehman Brothers Holdings Inc	Mar. 30, 2013 Installment Notes Wells Fargo And Company	Oct. 31, 2004 Installment Notes Wells Fargo And Company	Dec. 31, 2004 Securitization Notes Tranch One Y	Dec. 31, 2004 Securitization Notes Tranch Two Y	Dec. 31, 2004 Securitization Notes Lehman Brothers Holdings Inc	Mar. 30, 2013 Securitization Notes Wells Fargo And Company	Dec. 31, 2004 Securitization Notes Wells Fargo And Company	Mar. 30, 2013 Timberland Assets
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Cash received from sale of timberland assets	$ 15,000,000
Timber notes receivable	1,635,000,000			817,500,000	817,500,000			817,500,000	817,500,000	817,500,000
Installment notes, cash transfered	1,635,000,000
Timber notes receivable - terms (in years)				15	15
Timber note receivables - interest rates				5.11%	4.98%
Timber securitization notes		1,470,000,000									735,000,000	735,000,000	735,000,000		735,000,000
Cash received from the securitization of timber notes		1,470,000,000
Timber securitization notes - terms (in years)											15	15
Timber securitization notes - interest rates											5.54%	5.42%
Timber notes receivable defaulted as result of Lehman bankruptcy							817,500,000
Timber notes receivable - maturity year			2020						2020
Timberlands asset sale deferred tax liability									260,000,000							529,000,000
Timberland asset sale deferred tax liability recognized						$ 269,000,000
Timber securitization notes - maturity year														2019

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Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 30, 2013	Dec. 29, 2012
Preferred stock, no par value
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, Series D ESOP stated value	$ 0.01	$ 0.01
Preferred stock, shares outstanding	608,565	608,693
Common stock, par value	$ 2.50	$ 2.50
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares outstanding	86,984,543	86,883,521

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Severance and Other Charges

3 Months Ended

Mar. 30, 2013

Severance and Other Charges

4. Severance and Other Charges

Over the past few years, we have incurred significant charges related to Company personnel restructuring and reorganizations. There were no such charges in the first quarters of 2013 or 2012.

As of March 30, 2013, $4.0 million of the severance charges remain unpaid and are included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

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Operations By Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2013	Mar. 31, 2012
Segment Reporting Information [Line Items]
Sales	$ 1,766,729	$ 1,872,912
Segment income (loss)	22,393	41,045
Other operating (expenses) income, net	79,504	(23,197)
Operating income (loss)	101,897	17,848
Contract
Segment Reporting Information [Line Items]
Sales	921,291	960,583
Segment income (loss)	15,429	27,086
Operating income (loss)	15,429	27,086
Retail
Segment Reporting Information [Line Items]
Sales	845,438	912,329
Segment income (loss)	16,223	22,825
Other operating (expenses) income, net		(25,266)
Operating income (loss)	16,223	(2,441)
Corporate And Other
Segment Reporting Information [Line Items]
Segment income (loss)	(9,259)	(8,866)
Other operating (expenses) income, net	79,504	2,069
Operating income (loss)	$ 70,245	$ (6,797)

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Income Taxes (Tables)

3 Months Ended

Mar. 30, 2013

Reconciliation Of The Beginning And Ending Unrecognized Tax Benefits

The reconciliation of the beginning and ending unrecognized tax benefits is as follows:

	Amount
	(thousands)
Unrecognized gross tax benefits balance at December 29, 2012	$	6,337
Increase related to prior year tax positions		15
Decrease related to prior year tax positions		(5	)
Settlements		(2	)
Unrecognized tax benefits balance at March 30, 2013	$	6,345

Cash Payments For Income Taxes, Net

During the first three months of 2013 and 2012, cash payments, net of refunds received, for income taxes were as follows:

	2013		2012
	(thousands)
Cash tax payments, net	$	4,073	$	5,169

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Reserve Balances Classified in Consolidated Balance Sheets (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 30, 2013	Dec. 29, 2012
Restructuring Cost and Reserve [Line Items]
Other long-term liabilities	$ 134,402	$ 142,397
Total	67,665	74,643
Facility Closing
Restructuring Cost and Reserve [Line Items]
Accrued expenses and other current liabilities-Other	21,439
Other long-term liabilities	46,226
Total	$ 67,665

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Shareholders' Equity and Noncontrolling Interest

3 Months Ended

Mar. 30, 2013

Shareholders' Equity and Noncontrolling Interest

14. Shareholders’ Equity and Noncontrolling Interest

The following table reflects changes in shareholders’ equity and noncontrolling interest for the first three months of 2013.

	Shareholders’ Equity			Noncontrolling Interest
	(thousands)
Balance at December 29, 2012	$	1,034,373		$	44,617
Comprehensive income:
Net income attributable to OfficeMax and noncontrolling interest		56,842			810
Other comprehensive income:
Foreign currency translation adjustments		(322	)		1,588
Amortization of unrecognized retirement and benefit costs, net of tax		2,739			—
Comprehensive income attributable to OfficeMax and noncontrolling interest		59,259			2,398
Preferred stock dividends		(1,012	)		—
Stock-based compensation activity		2,986			—
Non-controlling interest fair value adjustment		(2,157	)		2,157
Other		(1	)		(12	)
Balance at March 30, 2013	$	1,093,448		$	49,160

Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component includes the following for the first three months of 2013:

	Pension and Postretirement Liability Adjustment			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
		(thousands)
Balance at December 29, 2012	$	(288,450	)	$	150,929		$	(137,521	)
Other comprehensive income (loss) before reclassifications		—			(322	)		(322	)
Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of unrecognized retirement and benefit costs		4,434			—			4,434
Current period other comprehensive income (loss)		4,434			(322	)		4,112
Income taxes		(1,695	)		—			(1,695	)
Net current period other comprehensive income (loss)		2,739			(322	)		2,417
Balance at March 30, 2013	$	(285,711	)	$	150,607		$	(135,104	)

All amounts reclassified out of accumulated other comprehensive income (loss) were recorded in operating, selling, and general and administrative expenses in the Consolidated Statements of Income.