OfficeMax 2012 Annual Report Download - page 115

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Common Stock
The Company is authorized to issue 200,000,000 shares of common stock, of which 86,883,521 shares were
issued and outstanding at December 29, 2012. Of the unissued shares, 9,352,668 shares were reserved for the
following purposes:
Conversion or redemption of Series D ESOP preferred stock ................................ 875,987
Issuance under 2003 OfficeMax Incentive and Performance Plan ............................. 8,410,834
Issuance under Director Stock Compensation Plan ........................................ 7,475
Issuance under 2001 Key Executive Deferred Compensation Plan ............................ 1,185
Issuance under 2003 Director Stock Compensation Plan .................................... 57,187
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) includes the following:
Pension and
Postretirement
Liability
Adjustment
Foreign
Currency
Translation
Adjustment
Unrealized
Hedge Loss
Adjustment
Accumulated
Other
Comprehensive
Income (Loss)
(thousands)
Balance at December 25, 2010 ..................... $(236,823) $141,954 $ (884) $ (95,753)
Current-period changes, before taxes ................ (144,236) (6,195) 1,435 (148,996)
Income taxes ................................... 55,482 — (394) 55,088
Balance at December 31, 2011 ..................... $(325,577) $135,759 $ 157 $(189,661)
Current-period changes, before taxes ................ 60,732 15,170 (203) 75,699
Income taxes ................................... (23,605) — 46 (23,559)
Balance at December 29, 2012 ..................... $(288,450) $150,929 $ — $(137,521)
Share-Based Payments
The Company sponsors several share-based compensation plans, which are described below. The Company
recognizes compensation expense from all share-based payment transactions with employees in the consolidated
financial statements at fair value. Pre-tax compensation costs related to the Company’s share-based plans were
$10.3 million, $16.7 million and $13.2 million for 2012, 2011 and 2010, respectively. Compensation expense is
generally recognized on a straight-line basis over the vesting period of grants. The total income tax benefit
recognized in the Consolidated Statement of Operations for share-based compensation arrangements was
$4.0 million, $6.5 million and $5.1 million for 2012, 2011 and 2010, respectively.
2003 Director Stock Compensation Plan and OfficeMax Incentive and Performance Plan
In February 2003, the Company’s Board of Directors adopted the 2003 Director Stock Compensation Plan
(the “2003 DSCP”) and the 2003 OfficeMax Incentive and Performance Plan (the “2003 Plan,” formerly named
the 2003 Boise Incentive and Performance Plan), which were approved by shareholders in April 2003. At
December 29, 2012, a total of 57,187 shares of common stock were reserved for issuance under the 2003 DSCP,
and a total of 8,410,834 shares of common stock were reserved for issuance under the 2003 Plan.
The 2003 Plan was effective January 1, 2003, and replaced the Key Executive Performance Plan for
Executive Officers, Key Executive Performance Plan for Key Executives/Key Managers, Key Executive Stock
Option Plan (“KESOP”), Key Executive Performance Unit Plan (“KEPUP”) and Director Stock Option Plan
(“DSOP”). No further grants or awards have been made under the Key Executive Performance Plans, KESOP,
KEPUP or DSOP since 2003.
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