Office Depot 2007 Annual Report Download - page 18

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16
DCs
State/Country # State/Country #
UNITED STATES:
Arizona 1 BELGIUM 1
California 2 CHINA 7
Colorado 1 CZECH REPUBLIC 1
Florida 2 FRANCE 5
Georgia 1 GERMANY 3
Illinois 1 HUNGARY 1
Louisiana 1 IRELAND 1
Maryland 1 ISRAEL 1
Massachusetts 1 ITALY 1
Michigan 1 JAPAN 1
Minnesota 1 LITHUANIA 1
New Jersey 1 SOUTH KOREA 1
North Carolina 1 SPAIN 1
Ohio 1 SWITZERLAND 1
Texas 2 THE NETHERLANDS 2
Utah 1 UNITED KINGDOM 5
Washington 1
CANADA:
Ontario 1
TOTAL UNITED STATES & CANADA 21 TOTAL OUTSIDE NORTH AMERICA 33
In addition to the properties identified in the tables above, we operate 12 crossdock facilities in the United States.
Generally, these facilities serve as centralized same-day distribution facilities where bulk shipments are brought in,
broken into smaller quantities and shipped to retail stores needing supply.
Our corporate offices in Delray Beach, Florida consist of approximately 540,000 square feet in three separate
buildings. The facilities were sold in December 2006 and have been leased back for a two-year period while a new
facility, which will be leased, is constructed in Boca Raton, FL. We also own a corporate office in Venlo, the
Netherlands which is approximately 226,000 square feet in size, and a systems data center in Charlotte, North
Carolina which is approximately 53,000 square feet in size.
Most of our facilities are leased or subleased, with initial lease terms expiring in various years through 2032.
Item 3. Legal Proceedings.
We are involved in litigation arising in the normal course of our business. While, from time to time, claims are
asserted that make demands for a large sum of money (including, from time to time, actions which are asserted to be
maintainable as class action suits), we do not believe that any of these matters, either individually or in the
aggregate, will materially affect our financial position or the results of our operations.
We have been cooperating with the staff of the United States Securities and Exchange Commission (“SEC”) in an
inquiry that commenced in July 2007 when the SEC initiated a review of our contacts and communications with
financial analysts. The SEC is also reviewing certain other matters, including inventory receipt, timing of vendor
payments, timing of recognition of vendor program funds and certain intercompany loans. Prior to filing its
quarterly report on Form 10-Q for the quarter ended June 30, 2007, the company completed a review of the
accounting matters related to inventory receipt, timing of vendor payments and certain intercompany loans, with the
assistance of external forensic accountants. Prior to filing the quarterly report on Form 10-Q for the quarter ended
September 29, 2007, the Audit Committee completed a review of the timing of vendor program funds, and the
Company amended and restated certain prior period financial statements. In January 2008, the SEC issued a formal
order of investigation.