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.