OfficeMax 2014 Annual Report Download - page 120
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Table of Contents
served through dedicated sales forces, through catalogs, telesales, and electronically through its Internet sites. The International Division sells office products
and services through direct mail catalogs, contract sales forces, Internet sites, and retail stores in Europe and Asia/Pacific.
Following the date of the Merger, the former OfficeMax U.S. Retail business is included in the North American Retail Division. The former OfficeMax United
States and Canada Contract business is included in the North American Business Solutions Division. The former OfficeMax businesses in Australia and New
Zealand are included in the International Division. Due to the sale of the Company’s interest in Grupo OfficeMax in August 2014, the integration of this
business into the International Division was suspended in the second quarter of 2014 and the joint venture’s results have been removed from the International
Division and reported as Other to align with how this information is presented for management reporting. The Company continues to assess how best to serve
its customers as shopping preferences and market conditions evolve. Should organizational alignment and management reporting change in future periods in
response to these factors, segment reporting in future periods could be impacted.
The office supply products and services offered across all operating segments are similar. The Company’s three operating segments are the three reportable
segments. The North American Retail Division and North American Business Solutions Division are managed separately, primarily because of the way
customers are reached and served. The International Division is managed separately because of the geographical, operational and marketplace differences
outside of North America. The accounting policies for each segment are the same as those described in Note 1. Division operating income is determined
based on the measure of performance reported internally to manage the business and for resource allocation. This measure charges to the respective Divisions
those expenses considered directly or closely related to their operations and allocates support costs. Certain operating expenses and credits are not allocated
to the Divisions including Recovery of purchase price, Asset impairments, Merger, restructuring and other operating expenses, net, and Legal accrual, as well
as expenses and credits retained at the Corporate level, including certain management costs and legacy pension and environmental matters. Other companies
may charge more or less of these items to their segments and results may not be comparable to similarly titled measures used by other entities.
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