OfficeMax 2009 Annual Report Download - page 54

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OfficeMax Incorporated and Subsidiaries
Consolidated Statements of Equity
For the Fiscal Years ended December 26, 2009, December 27, 2008 and December 29, 2007
Accumulated Total
Retained Other OfficeMax
Common Additional Earnings Comprehensive Share- Non-
Shares Preferred Common Paid-In (Accumulated Income holders’ controlling
Outstanding Stock Stock Capital Deficit) (Loss) Equity Interest
(thousands, except per share)
74,903,220 Balance at December 30, 2006 .... $54,735 $ 187,226 $ 893,848 $ 941,830 $ (91,995) $ 1,985,644 $ 29,885
Comprehensive income:
Net income .............. — — — 207,373 — 207,373 4,872
Other comprehensive income (loss) .
Cumulative foreign currency
translation adjustment ........ — — — — 59,977 59,977 (1,780)
Minimum pension liability
adjustment, net of tax ........ — — — — 53,756 53,756 —
Other comprehensive income (loss) . — — — — 113,733 113,733 (1,780)
Comprehensive income ........ $ 321,106 $ 3,092
Adjustment from initial adoption of
FIN 48 ................. — — — (3,959) — (3,959) —
Cash dividends declared:
Common stock ............ — — — (45,333) — (45,333) —
Preferred stock ............ — — — (3,961) — (3,961) —
Restricted stock issued ........ — — 26,437 — — 26,437 —
301,443 Restricted stock vested ........ — 767 (767) — — — —
187,843 Stock options exercised ........ — 470 5,447 — — 5,917 —
4,588 Other ................... (4,746) 18 (2,551) — — (7,279) (935)
75,397,094 Balance at December 29, 2007 .... $49,989 $ 188,481 $ 922,414 $ 1,095,950 $ 21,738 $ 2,278,572 $ 32,042
Comprehensive loss:
Net loss ................. — — — (1,657,932) — (1,657,932) (7,987)
Other comprehensive income (loss) .
Cumulative foreign currency
translation adjustment ........ — — — — (83,758) (83,758) (6,894)
Minimum pension liability
adjustment, net of tax ........ — — — — (205,718) (205,718) —
Other comprehensive income (loss) . — — — — (289,476) (289,476) (6,894)
Comprehensive loss .......... $(1,947,408) $ (14,881)
Cash dividends declared:
Common stock ............ — — — (34,220) — (34,220) —
Preferred stock ............ — — — (3,663) — (3,663) —
Restricted stock issued ........ — — 93 — — 93 —
571,727 Restricted stock vested ........ — 1,436 (1,436) — — — —
8,331 Other ................... (7,424) 26 4,257 (230) (3,371) 4,710
75,977,152 Balance at December 27, 2008 .... $42,565 $ 189,943 $ 925,328 $ (600,095) $ (267,738) $ 290,003 $ 21,871
Comprehensive income (loss):
Net income (loss) ........... — — — 667 — 667 (2,242)
Other comprehensive income .....
Cumulative foreign currency
translation adjustment ........ — — — — 47,477 47,477 1,157
Minimum pension liability
adjustment, net of tax — — — — 87,746 87,746 —
Other comprehensive income ..... — — — — 135,223 135,223 1,157
Comprehensive income (loss) .... $ 135,890 $ (1,085)
Preferred stock dividend declared . . — — — (2,818) — (2,818) —
Restricted stock issued ........ — — 6,130 — — 6,130 —
313,517 Restricted stock vested ........ — 784 (777) — — 7 —
8,331,722 Stock contribution to pension plan . . — 20,829 61,321 — — 82,150 —
2,335 Other ................... (6,086) 6 (2,090) 4 — (8,166) 7,273
84,624,726 Balance at December 26, 2009 ... $36,479 $211,562 $989,912 $ (602,242) $(132,515) $ 503,196 $ 28,059
See accompanying notes to consolidated financial statements
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