OfficeMax 2006 Annual Report Download - page 98

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94
20. Quarterly Results of Operations (unaudited)
Summarized quarterly financial data is as follows:
2006 2005
First(a) Second(b) Third(c) Fourth(d)First(e) Second(f) Third(g) Fourth(h)
(millions, except per-share and stock price information)
Sales...................... $ 2,424 $ 2,041 $ 2,244 $ 2,257 $ 2,323 $ 2,092 $ 2,288 $ 2,455
Income (loss) from continuing
operations. ................ (14) 27 31 54 (1) (17 ) (.4 )(23)
Income (loss) from discontinued
operations. ................ (11) —— 4 (4) (4 ) (3 )(20)
Net income (loss)............. (25) 27 31 58 (5) (21 ) (4 )(43)
Net income(loss) per common
share from continuing
operations(i)
Basic. .................... (.21) .36 .41 .72 (.03) (.23 ) (.02 )(.33)
Diluted................... (.21) .35 .41 .71 (.03) (.23 ) (.02 )(.33)
Net income(loss) per common
share(i)
Basic. .................... (.37) .36 .41 .76 (.07) (.28 ) (.07 )(.62)
Diluted................... (.37) .35 .41 .76 (.07) (.28 ) (.07 )(.62)
Commonstock dividends paid per
share. .................... .15 .15 .15 .15 .15 .15 .15 .15
Common stockprices(j)
High ..................... 31.73 44.73 45.38 51.80 34.84 34.12 33.60 32.99
Low. ..................... 24.72 30.42 38.78 40.26 27.82 29.50 27.11 24.20
(a) Includes $98.5 million of store closing and impairment charges, $15.7 million of charges related to headquarters
consolidation and $11.0 million of charges for the write-down of impaired assets at the Company’s Elma, Washington
manufacturingfacility that is accountedfor as a discontinuedoperation.
(b) Includes $10.9 million of charges related toheadquarters consolidation, $9.0 million of income related to favorable
adjustments to facility closure reserves and $9.2 million of income from adjustments to the estimated fair value of the
Additional Consideration Agreement we entered into in connection with the Sale.
(c) Includes $11.4 million of charges related toheadquarters consolidation,and $7.9 million of charges related to the
reorganization in our Contract segment.
(d) Includes $7.9 million of charges related to headquarters consolidation, $2.4 million of charges related to the
reorganization in our Contract segment, including international restructuring andasset write-offs, $38.8 million of income
from adjustments to the estimated fair value of the Additional Consideration Agreement we entered into in connection with
the Sale, and $3.7 million of income tax benefits related to the Company’s Elma, Washington manufacturing facility that is
accounted for as a discontinued operation.
(e) Includes $12.2 million of costs related to theearly retirement of debt, $11.3 million of charges related to the severance or
relocation of employees and a $9.8 million charge related to a legal settlement.
(f) Includes $5.5 million of charges related to the severance or relocation of employees and $3.9 million in non-recurring
professional fees.
(g)Includes$10.4 million of costs related to headquarters consolidation; and $2.9 million of impairment charges for
capitalized software.
(h) Includes $17.9 million of store closing and impairment charges, $14.5 million of costs related to headquarters
consolidation, $5.4 million of costs relatedtointernational restructuring, $4.8 million of impairment charges for capitalized
software and a $28.2 million pre-tax charge for the write-down of impaired assets at the Company’s Elma, Washington
manufacturingfacility that is accountedfor as a discontinuedoperation.
(i) Quartersadded together may not equal full yearamount because each quarter is calculated on astand-alone basis.
(j) The Company’s common stock (symbol OMX) is traded on the New YorkStock Exchange.