OfficeMax 2008 Annual Report Download - page 90

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OfficeMax, Retail is a retail distributor of office supplies and paper, print and document
services, technology products and solutions and office furniture. OfficeMax, Retail has operations in
the United States, Puerto Rico and the U.S. Virgin Islands. OfficeMax, Retail office supply stores
feature OfficeMax ImPress, an in-store module devoted to print-for-pay and related services. The
retail segment also operates office supply stores in Mexico through a 51% owned joint venture.
Substantially all products sold by OfficeMax, Retail are purchased from third-party manufacturers or
industry wholesalers, except office papers. OfficeMax, Retail purchases office papers primarily from
the paper operations of Boise Cascade, L.L.C., under the paper supply contract described above.
Corporate and Other includes corporate support staff services and related assets and liabilities.
Management evaluates the segments based on operating profits before interest expense,
income taxes, minority interest, extraordinary items and cumulative effect of accounting changes.
The income and expense related to certain assets and liabilities that are reported in the Corporate
and Other segment have been allocated to the Contract and Retail segments.
The segments follow the accounting principles described in Note 1, Summary of Significant
Accounting Policies.
No single customer accounts for 10% or more of consolidated trade sales.
OfficeMax, Contract has foreign operations in Canada, Australia and New Zealand. OfficeMax,
Retail has foreign operations in Mexico through a 51% owned joint venture.
The following table summarizes by geography, net sales for fiscal years 2008, 2007 and 2006,
and non-current assets at each year-end:
2008 2007 2006
(millions)
Net sales
United States ..................................... $6,728.5 $ 7,548.9 $ 7,617.2
Foreign ......................................... 1,538.5 1,533.1 1,348.5
$8,267.0 $9,082.0 $8,965.7
Non-current assets
United States ..................................... $2,187.3 $ 3,662.8 $ 3,755.9
Foreign ......................................... 131.3 416.3 363.3
$2,318.6 $4,079.1 $4,119.2
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