OfficeMax 2009 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2009 OfficeMax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

historically the slowest of the year. Sales are stronger during the first, third and fourth quarters that
include the important new-year office supply restocking month of January, the back-to-school period
and the holiday selling season, respectively.
Environmental Matters
Our discussion of environmental matters is presented under the caption ‘‘Environmental’’ in
‘‘Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations’’
of this Form 10-K. In addition, certain environmental matters are discussed in Note 16, ‘‘Legal
Proceedings and Contingencies,’’ of the Notes to Consolidated Financial Statements in ‘‘Item 8.
Financial Statements and Supplementary Data’’ of this Form 10-K.
Capital Investment
Information concerning our capital expenditures is presented under the caption ‘‘Investment
Activities’’ in ‘‘Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations’’ of this Form 10-K.
Acquisitions and Divestitures
We engage in acquisition and divestiture discussions with other companies and make
acquisitions and divestitures from time to time. It is our policy to review our operations periodically
and to dispose of assets that do not meet our criteria for return on investment.
Geographic Areas
Our discussion of financial information by geographic area is presented in Note 14. ‘‘Segment
Information,’’ of the Notes to Consolidated Financial Statements in ‘‘Item 8. Financial Statements
and Supplementary Data’’ of this Form 10-K.
Identification of Executive Officers
Information with respect to our executive officers is set forth immediately after ‘‘Item 4,
Submission of Matters to a Vote of Security Holders’’ in Part I of this Form 10-K.
Employees
On December 26, 2009, we had approximately 31,000 employees, including approximately
11,000 part-time employees.
4