Earnings Per Share (Tables)

9 Months Ended

Sep. 28, 2013

Calculation of Net Earnings Loss Per Common Share

The following table represents the calculation of net earnings (loss) per common share (“EPS”):

	Third Quarter						Year-to-Date
(In thousands, except per share amounts)	2013			2012			2013			2012
Basic Earnings Per Share
Numerator:
Net earnings (loss) available to common shareholders	$	132,861		$	(69,566	)	$	51,661		$	(92,560	)
Assumed distribution to participating securities		(13,490	)		—			—			—
Assumed undistributed earnings available to common stock	$	119,371		$	(69,566	)	$	51,661		$	(92,560	)
Denominator:
Weighted-average shares outstanding		283,631			280,238			281,906			279,438
Basic earnings (loss) per share	$	0.42		$	(0.25	)	$	0.18		$	(0.33	)
Diluted Earnings Per Share
Numerator:
Net earnings (loss) attributable to Office Depot, Inc.	$	160,900		$	(61,916	)	$	100,039		$	(69,795	)
Preferred stock redemption dividend		(22,333	)		—			(22,333	)		—
Net earnings (loss) available for assumed distribution	$	138,567		$	(61,916	)	$	77,706		$	(69,795	)
Denominator:
Weighted-average shares outstanding		283,631			280,238			281,906			279,438
Effect of dilutive securities:
Stock options and restricted stock		5,018			3,480			5,133			4,186
Redeemable preferred stock		45,594			79,371			69,434			77,450
Diluted weighted-average shares outstanding		334,243			363,089			356,473			361,074
Diluted earnings (loss) per share	$	0.41			N/A			N/A			N/A