OfficeMax 2011 Annual Report Download - page 78

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OfficeMax Incorporated and Subsidiaries
Consolidated Statements of Equity
For the fiscal years ended December 31, 2011, December 25, 2010 and December 26, 2009
Common
Shares
Outstanding
Preferred
Stock
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income
(Loss)
Total
OfficeMax
Share-
holders’
Equity
Non-
controlling
Interest
(thousands, except per share)
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
Pension and postretirement 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) —
313,517 Restricted stock unit activity ....... — 784 5,353 — — 6,137 —
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
Comprehensive income:
Net income .................... — — — 71,155 — 71,155 2,709
Other comprehensive income:
Cumulative foreign currency
translation adjustment .......... 21,290 21,290 786
Pension and postretirement liability
adjustment, net of tax .......... 16,356 16,356 —
Unrealized hedge loss, net of tax . . . (884) (884) —
Other comprehensive income ...... 36,762 36,762 786
Comprehensive income ........... $107,917 $ 3,495
Preferred stock dividend declared . . . — — — (2,527) (2,527) —
950 Restricted stock unit activity ....... — — 7,972 — — 7,972 —
Non-controlling interest fair value
adjustment ................... — — (17,763) — — (17,763) 17,763
408,519 Stock options exercised ........... — 1,021 940 — — 1,961 —
23,515 Other ......................... (5,578) 61 5,518 8 — 9 (71)
85,057,710 Balance at December 25, 2010 ..... $30,901 $212,644 $ 986,579 $(533,606) $ (95,753) $600,765 $ 49,246
Comprehensive income:
Net income .................... — — — 34,894 — 34,894 3,226
Other comprehensive income:
Cumulative foreign currency
translation adjustment .......... (6,195) (6,195) (2,754)
Pension and postretirement liability
adjustment, net of tax .......... (88,754) (88,754) —
Unrealized hedge loss, net of tax . . . 1,041 1,041 —
Other comprehensive loss ......... (93,908) (93,908) (2,754)
Comprehensive income (loss) ...... $(59,014) $ 472
Preferred stock dividend declared . . . — — — (2,123) — (2,123) —
685,373 Restricted stock unit activity ....... — 1,711 3,908 — — 5,619 —
Non-controlling interest fair value
adjustment ................... — — 17,763 — — 17,763 (17,763)
405,988 Stock options exercised ........... — 1,015 934 — — 1,949 —
9,591 Other ......................... (2,175) 27 6,190 (8) — 4,034 (32)
86,158,662 Balance at December 31, 2011 ..... $28,726 $215,397 $1,015,374 $(500,843) $(189,661) $568,993 $ 31,923
See accompanying notes to consolidated financial statements
46