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.