Earnings Per Share (Tables)

9 Months Ended

Sep. 29, 2012

Calculation of Net Earnings Loss Per Common Share

The following table represents the calculation of net loss per common share:

	Third Quarter				Year-to-Date
(In thousands, except per share amounts)	2012		2011		2012		2011
Basic Earnings Per Share
Numerator:
Net earnings (loss) available to common shareholders	$	(69,566)	$	91,659	$	(92,560)	$	47,705
Assumed distribution to participating securities		—		(11,892)		—		—
Assumed undistributed earnings available to common stock		(69,566)		79,767		(92,560)		47,705
Denominator:
Weighted-average shares outstanding		280,238		278,559		279,438		277,627
Basic earnings (loss) per share	$	(0.25)	$	0.29	$	(0.33)	$	0.17
Diluted Earnings Per Share
Numerator:
Net earnings (loss) attributable to Office Depot, Inc.	$	(61,916)	$	100,872	$	(69,795)	$	75,344
Denominator:
Weighted-average shares outstanding		280,238		278,559		279,438		277,627
Effect of dilutive securities:
Stock options and restricted stock		3,480		4,774		4,186		5,583
Redeemable preferred stock		79,371		73,703		77,450		73,703
Diluted weighted-average shares outstanding		363,089		357,036		361,074		356,913
Diluted earnings (loss) per share		N/A	$	0.28		N/A		N/A