OfficeMax 2011 Annual Report Download - page 42

ITEM 2. PROPERTIES
The majority of OfficeMax facilities are rented under operating leases. (For more information about our
operating leases, see Note 8, “Leases,” of the Notes to Consolidated Financial Statements in “Item 8. Financial
Statements and Supplementary Data” of this Form 10-K.) Our properties are in good operating condition and are
suitable and adequate for the operations for which they are used. We constantly evaluate the real estate market to
determine the best locations for new stores. We analyze our existing stores and markets on a case by case basis.
We conduct regular reviews of our real estate portfolio to identify underperforming facilities, and close those
facilities that are no longer strategically or economically viable, (For more information about facilities closures,
see Note 2, “Facilities Closures Reserves, ” of the Notes to Consolidated Financial Statements in “Item 8.
Financial Statements and Supplementary Data” of this Form 10-K.)
Our facilities by segment are presented in the following table.
Contract
As of the end of the year, Contract operated 38 distribution centers in 18 states, Puerto Rico, Canada,
Australia and New Zealand. The following table sets forth the locations of these facilities.
Arizona .................... 1 Maine ................... 1 Texas .................... 1
California .................. 2 Maryland ................. 1 Utah ..................... 1
Colorado ................... 1 Michigan ................. 1 Washington ............... 1
Florida ..................... 1 Minnesota ................ 1 Puerto Rico ............... 1
Georgia .................... 1 North Carolina ............ 1 Canada ................... 7
Hawaii ..................... 1 Ohio ..................... 1 Australia ................. 8
Illinois ..................... 1 Pennsylvania .............. 1 NewZealand .............. 3
Kansas ..................... 1
Contract also operated 46 office products stores in Hawaii (2), Canada (24), Australia (3) and New Zealand
(17) and four customer service and outbound telesales centers in Illinois (2), Oklahoma and Virginia.
Retail
As of the end of the year, Retail operated 978 stores in 47 states, Puerto Rico, the U.S. Virgin Islands and
Mexico. The following table sets forth the locations of these facilities.
Alabama ................... 11 Maine ................... 1 Oregon .................. 12
Alaska .................... 3 Maryland ................ 1 Pennsylvania ............. 28
Arizona ................... 43 Massachusetts ............ 10 Rhode Island ............. 1
Arkansas .................. 2 Michigan ................ 40 South Carolina ............ 6
California .................. 70 Minnesota ............... 40 South Dakota ............. 4
Colorado .................. 29 Mississippi ............... 5 Tennessee ................ 18
Connecticut ................ 3 Missouri ................. 29 Texas ................... 73
Florida .................... 59 Montana ................. 3 Utah .................... 14
Georgia ................... 30 Nebraska ................ 10 Virginia ................. 26
Hawaii .................... 8 Nevada .................. 14 Washington .............. 19
Idaho ..................... 6 NewJersey ............... 2 West Virginia ............. 2
Illinois .................... 59 NewMexico .............. 9 Wisconsin ............... 35
Indiana .................... 14 NewYork ................ 29 Wyoming ................ 2
Iowa ...................... 9 North Carolina ............ 27 Puerto Rico .............. 13
Kansas .................... 11 North Dakota ............. 3 U.S. Virgin Islands ........ 2
Kentucky .................. 6 Ohio .................... 52 Mexico(a) ................ 82
Louisiana .................. 2 Oklahoma ................ 1
(a) Locations operated by our 51%-owned joint venture in Mexico, Grupo OfficeMax.
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