Office Depot 2012 Annual Report Download - page 96

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OFFICE DEPOT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE R — QUARTERLY FINANCIAL DATA (UNAUDITED)
93
(In thousands, except per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter
Fiscal Year Ended December 29, 2012
Net sales
$2,872,809
$ 2,507,150
$ 2,692,933
$ 2,622,760
Gross
p
rofit
883,174
746,064
834,724
783,623
Net earnin
g
s (loss)
49,499
(57,387)
(61,925)
(7,307)
Net earnin
g
s (loss) attributable to Office De
p
ot, Inc.
49,503
(57,382) (61,916)
(7,316)
Net earnin
g
s (loss) available to common stockholders
41,287
(64,281)
(69,566)
(17,485)
Net earnin
g
s (loss)
p
er share*:
Basic
$0.14
$ (0.23)
$ (0.25)
$ (0.06)
Diluted
$0.14
$(0.23)
$(0.25)
$(0.06)
* Due to roundin
g
, the sum of the
q
uarterl
y
earnin
g
s
p
er share amounts ma
y
not e
q
ual the re
p
orted earnin
g
s
p
er share for the
y
ear.
Net earnings include approximately $68 million of recovery of purchase price income from previous acquisition associated wit
h
p
ension
p
lan and a
pp
roximatel
y
$12 million loss on extin
g
uishment of debt.
Net earnin
g
s include a
pp
roximatel
y
$24 million North American Retail Division fixed asset im
p
airment.
Net earnin
g
s include a
pp
roximatel
y
$88 million North American Retail and International Division asset im
p
airments.
Net earnin
g
s include a
pp
roximatel
y
$9 million North American Retail Division fixed asset im
p
airment.
(In thousands, exce
p
t
p
er share amounts) First Quarter Second Quarte
r
Third Quarter Fourth Quarter
Fiscal Year Ended December 31, 2011
Net sales
$2,972,960
$ 2,710,141
$ 2,836,737
$ 2,969,695
Gross
p
rofit
878,188
794,052
855,02
0
899,186
Net earnin
g
s (loss)
(5,390)
(20,116)
100,849
20,348
Net earnin
g
s (loss) attributable to Office De
p
ot, Inc.
(5,414)
(20,114)
100,872
20,350
Net earnin
g
s (loss) available to common stockholders
(14,627)
(29,327)
91,659
12,284
Net earnin
g
s (loss)
p
er share*:
Basic
$ (0.05)
$ (0.11)
$ 0.29
$0.04
Diluted
$(0.05)
$(0.11)
$0.28
$0.04
* Due to roundin
g
, the sum of the
q
uarterl
y
earnin
g
s
p
er share amounts ma
y
not e
q
ual the re
p
orted earnin
g
s
p
er share for the
y
ear.
Net earnin
g
s include a
pp
roximatel
y
$99 million of tax and related interest benefits from the reversal of uncertain tax
p
ositions.
Fiscal year 2011 includes 53 weeks in accordance with the Company’s 52- week, 53-week retail calendar; accordingly, the
fourth quarter includes 14 weeks. Additionally, the fourth quarter includes approximately $24 million of benefits from the
reversal of uncertain tax
p
ositions and valuation allowances.
(1) (2) (3) (4)
(1)
(2)
(3)
(4)
(1) (2)
(1)
(2)