XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Sep. 28, 2013
Sep. 29, 2012
Sales $ 2,619,448 $ 2,692,933 $ 7,756,327 $ 8,072,892
Cost of goods sold and occupancy costs 1,986,705 2,030,261 5,917,618 6,143,621
Gross profit 632,743 662,672 1,838,709 1,929,271
Operating and selling expenses 451,760 464,709 1,341,504 1,393,617
Recovery of purchase price       (68,314)
Asset impairments 48,719 87,998 58,381 129,753
General and administrative expenses 144,847 165,065 455,070 510,272
Merger and certain shareholder-related expenses 39,740   71,564  
Operating loss (52,323) (55,100) (87,810) (36,057)
Other income (expense):        
Interest income 1,012 482 1,422 1,804
Interest expense (15,359) (16,947) (48,471) (49,128)
Loss on extinguishment of debt       (12,110)
Gain on disposition of joint venture 380,813   381,541  
Miscellaneous income, net 1,318 13,073 14,192 26,019
Earnings (loss) before income taxes 315,461 (58,492) 260,874 (69,472)
Income tax expense 154,561 3,433 160,823 341
Net earnings (loss) 160,900 (61,925) 100,051 (69,813)
Less: Net earnings (loss) attributable to the noncontrolling interests   (9) 12 (18)
Net earnings (loss) attributable to Office Depot, Inc. 160,900 (61,916) 100,039 (69,795)
Preferred stock dividends 28,039 7,650 48,378 22,765
Net earnings (loss) available to common stockholders $ 132,861 $ (69,566) $ 51,661 $ (92,560)
Net earnings (loss) per share:        
Basic $ 0.42 $ (0.25) $ 0.18 $ (0.33)
Diluted $ 0.41 $ (0.25) $ 0.18 $ (0.33)