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STAPLES A-2
STAPLES, INC. AND SUBSIDIARIES
SELECTED FINANCIAL DATA
(Dollar Amounts in Millions, Except Store and Per Share Data) (continued)
APPENDIX A
(4) Income from continuing operations for this period reflects pre-tax charges of $811 million for impairment of goodwill and
long-lived assets, $207 million for restructuring activities related to a strategic plan announced in September 2012 aimed
at accelerating growth, $57 million for a loss on early extinguishment of debt, $26 million related to the termination of the
Company’s joint venture agreement in India, and $20 million for accelerated tradename amortization related to rebranding
the Company’s business in Australia.
(5) Income from continuing operations for this period reflects the receipt of a $21 million tax benefit related to a refund due to
Corporate Express N.V. (“Corporate Express”) from the Italian government that was previously deemed uncollectible.
(6) Working capital, total assets and long term debt, net of current maturities as of January 31, 2015, as shown above and as
reflected on our Consolidated Balance Sheets, reflect the impact of a restatement to reclassify unamortized debt issuance
costs of $1 million from Prepaid and other current assets and $4 million from Other assets to Long-term debt, net of current
maturities, as a result of adopting Accounting Standards Update 2015-03, “Interest-mputation of Interest (Subtopic 835-30):
Simplifying the Presentation of Debt Issuance Cost. The amounts shown above related to 2011 to 2013 have not been
restated since the impact of the adoption of this pronouncement was not material.
(7) Working capital in 2012 excludes the current assets and current liabilities of discontinued operations.
(8) As noted in Note A in the Notes to the Consolidated Financial Statements, in 2015 we adopted a new accounting
pronouncement which stipulates that all deferred tax assets and liabilities are to be presented in the balance sheet as
non-current items. As a result, the working capital figures for 2011 to 2014 shown above have been restated to reflect the
reclassification of deferred tax assets and liabilities from current to non-current.