QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 26, 2015

NOTE 18. QUARTERLY FINANCIAL DATA (UNAUDITED)

(In millions, except per share amounts)

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Fiscal Year Ended December 26, 2015*

Net sales

3,877

3,440

3,690

3,477

Gross profit

937

814

936

815

Net income (loss) ⁽¹⁾

(58

)

Net earnings (loss) per share:

Basic

0.08

(0.11

)

0.01

0.03

Diluted

0.08

(0.11

)

0.01

0.03

*	Due to rounding, the sum of the quarterly amounts may not equal the reported amounts for the year.

⁽¹⁾

In the first, second, third and fourth quarters of 2015, captions include pre-tax Merger, restructuring, and other operating expenses, net amounting to $43 million, $120 million, $111 million and $58 million, respectively and asset impairments of $5 million, $4 million, $1 million and $3 million, respectively.


(In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
Fiscal Year Ended December 27, 2014*
Net sales	$	4,354		$	3,841		$	4,069	$	3,832
Gross profit		1,015			883			987		891
Net income (loss) ⁽¹⁾		(108	)		(189	)		29		(84	)
Net income (loss) attributable to Office Depot, Inc. ⁽¹⁾		(109	)		(190	)		29		(84	)
Net income (loss) available to common stockholders ⁽¹⁾		(109	)		(190	)		29		(84	)
Net earnings (loss) per share:
Basic	$	(0.21	)	$	(0.36	)	$	0.05	$	(0.15	)
Diluted	$	(0.21	)	$	(0.36	)	$	0.05	$	(0.15	)

*	Due to rounding, the sum of the quarterly amounts may not equal the reported amounts for the year.

⁽¹⁾

In the first, second, third and fourth quarters of 2014, captions include pre-tax Merger, restructuring, and other operating expenses, net amounting to $101 million, $103 million, $72 million and $128 million, respectively and asset impairments of $50 million, $22 million, $6 million and $11 million, respectively. The second and third quarters of 2014 include $80 million and $1 million associated to Legal accrual, respectively.