Stockholders' Equity (Tables)

9 Months Ended

Sep. 28, 2013

Schedule of Stockholders Equity

The following table reflects the changes in stockholders’ equity attributable to both Office Depot, Inc. and noncontrolling subsidiary interests.

(In thousands)	Attributable to Office Depot, Inc.			Attributable to noncontrolling interests			Total
Stockholders’ equity at December 29, 2012	$	661,441		$	107		$	661,548
Comprehensive income (loss):
Net earnings		100,039			12			100,051
Other comprehensive income		46,900			(4	)		46,896
Comprehensive income		146,939			8			146,947
Preferred stock dividends		(48,378	)		—			(48,378	)
Share transactions under employee related plans		4,306			—			4,306
Purchase of subsidiary shares from noncontrolling interests		(482	)		(115	)		(597	)
Amortization of long-term incentive stock grants		13,407			—			13,407
Stockholders’ equity at September 28, 2013	$	777,233		$	—		$	777,233
Stockholders’ equity at December 31, 2011	$	739,071		$	214		$	739,285
Comprehensive loss:
Net loss		(69,795	)		(18	)		(69,813	)
Other comprehensive income		19,363			6			19,369
Comprehensive loss		(50,432	)		(12	)		(50,444	)
Preferred stock dividends		(22,765	)		—			(22,765	)
Share transactions under employee related plans		1,128			—			1,128
Purchase of subsidiary shares from noncontrolling interests		(444	)		(107	)		(551	)
Amortization of long-term incentive stock grants		10,380			—			10,380
Stockholders’ equity September 29, 2012	$	676,938		$	95		$	677,033

Other Comprehensive Income Activity Net of Tax

Other comprehensive income activity, net of tax, where applicable, is provided in the following table:

(In thousands )	Foreign Currency Translation Adjustments (b)			Amortization of Gain on Cash Flow Hedge (c)			Change in Deferred Pension			Change in Deferred Cash Flow Hedge (d)			Total
Balance at December 29, 2012	$	215,931		$	390		$	(3,861	)	$	257		$	212,717
Other comprehensive income (loss) activity before reclassifications		11,723			—			4			460			12,187
Reclassifications from Accumulated other comprehensive income to net earnings (loss) (a):
Six month period ended June 29, 2013		(2,991	)		(311	)		—			(1,440	)		(4,742	)
Three month period ended September 28, 2013		39,410			(79	)		—			124			39,455
		36,419			(390	)		—			(1,316	)		34,713
Net year-to-date other comprehensive income		48,142			(390	)		4			(856	)		46,900
Balance at September 28, 2013	$	264,073		$	—		$	(3,857	)	$	(599	)	$	259,617

(a) Amounts in parentheses indicate an increase to earnings.

(b) The amount recorded in the six month period ended June 29, 2013 includes a $3 million gain in Operating and selling expenses. The amount recorded in the three month period ended September 28, 2013 includes a $39 million loss, which is a component of Gain on disposition of joint venture. Refer to Note N.

(c) The amount reclassified to the Consolidated Statement of Operations is included in Interest expense.

(d) Included in the $1,316 thousand are $859 thousand and $457 thousand recorded in Cost of goods sold and occupancy costs and Miscellaneous income, net, respectively.