OfficeMax 2011 Annual Report Download - page 113

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17. Quarterly Results of Operations (unaudited)
Summarized quarterly financial data is as follows:
2011 2010
First Second(a) Third Fourth(b) First(c) Second(d) Third Fourth(e)
(millions, except per-share and stock price information)
Sales ............... $1,863.0 $1,647.6 $1,774.8 $1,835.8 $1,911.7 $1,653.2 $1,813.4 $1,766.2
Gross Profit .......... $ 474.5 $ 425.1 $ 459.7 $ 449.9 $ 505.5 $ 427.7 $ 470.4 $ 446.0
Percent of sales ... 25.5% 25.8% 25.9% 24.5% 26.4% 25.9% 25.9% 25.3%
Operating income ..... $ 28.6 $ 4.0 $ 41.3 $ 12.6 $ 49.4 $ 28.1 $ 40.9 $ 28.1
Net income available to
OfficeMax common
shareholders ....... $ 11.4 $ (3.0) $ 21.5 $ 2.9 $ 24.8 $ 11.8 $ 20.0 $ 12.1
Net income (loss) per
common share
available to
OfficeMax common
shareholders(f)
Basic ........... $ 0.13 $ (0.04) $ 0.25 $ 0.03 $ 0.29 $ 0.14 $ 0.23 $ 0.14
Diluted ......... $ 0.13 $ (0.04) $ 0.25 $ 0.03 $ 0.29 $ 0.14 $ 0.23 $ 0.14
Common stock
dividends paid per
share .............————————
Common stock prices(g)
High ........... $ 18.95 $ 14.36 $ 8.82 $ 5.93 $ 17.34 $ 19.79 $ 15.81 $ 19.20
Low............ $ 12.24 $ 6.05 $ 4.46 $ 3.90 $ 12.60 $ 14.21 $ 9.67 $ 12.73
(a) Includes a $5.6 million pre-tax charge related to Retail store closures in the U.S., and $8.3 million of pre-tax
charges for severance related to Contract and Retail reorganizations.
(b) Includes an $11.2 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in the
U.S. and $6.6 million of pre-tax charges for severance primarily related to Contract and Retail reorganizations.
(c) Includes a $13.4 million pre-tax charge related to Retail store closures in the U.S., and a $0.8 million pre-tax
charge for severance related to Contract reorganizations.
(d) Includes a $1.1 million pre-tax charge related to Retail store closures in the U.S., and a $3.9 million of
pre-tax income related to the adjustment of a reserve associated with our legacy building materials
manufacturing facility near Elma, Washington.
(e) Includes an $11.0 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in
the U.S., $2.8 million of pre-tax income related to the adjustment of previously established reserves for
severance and store closures and a $5.5 million of pre-tax income related to the adjustment of a reserve
associated with our legacy building materials manufacturing facility near Elma, Washington.
(f) Quarters added together may not equal full year amount because each quarter is calculated on a stand-alone basis.
(g) The Company’s common stock (symbol OMX) is traded on the New York Stock Exchange.
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