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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 29, 2012
Calculation of Net Earnings Loss Per Common Share

The following table presents the calculation of net earnings (loss) per common share — basic and diluted:

 

(In thousands, except per share amounts)

   2012     2011      2010  

Basic Earnings Per Share

       

Numerator:

       

Net earnings (loss) attributable to common stockholders

   $ (110,045 )   $ 59,989       $ (81,736 )

Denominator:

       

Weighted-average shares outstanding

     279,727        277,918         275,557   

Basic earnings (loss) per share

   $ (0.39 )   $ 0.22       $ (0.30 )
  

 

 

   

 

 

    

 

 

 

Diluted Earnings Per Share

       

Numerator:

       

Net earnings (loss) attributable to Office Depot, Inc.

   $ (77,111 )   $ 95,694       $ (44,623 )

Denominator:

       

Weighted-average shares outstanding

     279,727        277,918         275,557   

Effect of dilutive securities:

       

Stock options and restricted stock

     4,401        5,176         7,060   

Redeemable preferred stock

     78,427        73,703         73,676   
  

 

 

   

 

 

    

 

 

 

Diluted weighted-average shares outstanding

     362,555        356,797         356,293   

Diluted earnings (loss) per share

     N/A        N/A         N/A