OfficeMax 2007 Annual Report Download - page 114

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Exhibit 11
OFFICEMAX INCORPORATED AND SUBSIDIARIES
Computation of Per Share Earnings
Fiscal Year Ended
December 29, December 30, December 31,
2007 2006 2005
(thousands, except per-share amounts)
Basic
Income (loss) from continuing operations ............ $207,373 $ 99,054 $ (41,212)
Preferred dividends ........................... (3,961) (4,037) (4,378)
Basic income (loss) from continuing operations ....... 203,412 95,017 (45,590)
Loss from discontinued operations ................ — (7,333) (32,550)
Basic income (loss) ........................... $203,412 $87,684 $(78,140)
Average shares used to determine basic income (loss)
per common share .......................... 75,274 73,142 78,745
Basic income (loss) per common share:
Continuing operations .......................... $ 2.70 $ 1.30 $ (0.58)
Discontinued operations ........................ — (0.10) (0.41)
Basic income (loss) per common share ............. $ 2.70 $ 1.20 $ (0.99)
Diluted
Basic income (loss) from continuing operations ....... $203,412 $ 95,017 $ (45,590)
Supplemental ESOP contribution .................. — — —
Diluted income (loss) from continuing operations ...... 203,412 95,017 (45,590)
Loss from discontinued operations ................ — (7,333) (32,550)
Diluted income (loss) .......................... $203,412 $87,684 $(78,140)
Average shares used to determine basic income (loss)
per common share .......................... 75,274 73,142 78,745
Restricted stock, stock options and other ............ 1,100 571 —
Average shares used to determine diluted income (loss)
per common share .......................... 76,374 73,713 78,745
Diluted income (loss) per common share:
Continuing operations ........................ $ 2.66 $ 1.29 $ (0.58)
Discontinued operations ...................... — (0.10) (0.41)
Diluted income (loss) per common share............ $ 2.66 $ 1.19 $ (0.99)