OfficeMax 2006 Annual Report Download - page 116

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Exhibit 11
OFFICEMAX INCORPORATED AND SUBSIDIARIES
Computation of Per Share Earnings
Fiscal Year Ended
December 30,
2006
December 31,
2005
December 31,
2004
(thousands, except per-share amounts)
Basic
Income (loss) fromcontinuing operations............. $99,054$(41,212) $234,125
Preferred dividends ................................ (4,037)(4,378) (11,917)
Basic income (loss) from continuing operations ........ 95,017 (45,590) 222,208
Loss from discontinued operations ................... (7,333)(32,550) (61,067)
Basic income (loss)................................ $87,684 $ (78,140) $161,141
Average shares used todetermine basic income (loss)
per common share............................... 73,142 78,745 86,917
Basic income (loss) per common share:
Continuing operations............................$1.30 $(0.58) $ 2.55
Discontinued operations.......................... (0. 10)(0.41) (0.70)
Basic income (loss)per common share............... $1.20 $ (0.99) $1.85
Diluted
Basic income (loss) from continuing operations ........ $95,017$(45,590) $222,208
Preferred dividends eliminated....................... ——11,917
Supplemental ESOP contribution ....................— —(10,833)
Dilutedincome (loss) from continuing operations......95,017(45,590) 223,292
Loss from discontinued operations ................... (7,333)(32,550) (61,067)
Diluted income (loss) ............................... $87, 684 $ (78,140) $162,225
Average shares used todetermine basic income (loss)
per common share............................... 73,14278,745 86,917
Restricted stock,stockoptions andother ............. 571—1,857
Series D Convertible PreferredStock.................— —2,880
Average shares used todetermine diluted income (loss)
per common share............................... 73,713 78,745 91,654
Diluted income (loss) per common share:
Continuing operations............................$1.29 $(0.58) $ 2.44
Discontinued operations.......................... (0.10) (0.41) (0.67)
Diluted income (loss) per commonshare(a) ........... $1.19 $ (0.99) $1.77
(a) For the year ended December 31, 2005, the computation of diluted loss per common share was
antidilutive; therefore, amounts reported for basic and diluted loss were the same.