Staples 2012 Annual Report Download - page 96

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A-2
(1) Working capital in 2012 excludes the current assets and current liabilities of discontinued operations.
(2) Beginning in the third quarter of 2012, the results of operations for the Company's European Printing Systems Division
business (“PSD”), which was acquired in 2008 in conjunction with the Corporate Express N.V. ("Corporate Express")
acquisition, are being reported in Loss from discontinued operations, net of income taxes in the Company's consolidated
statement of income. The Company's results of operations for prior periods have been revised to conform to this
presentation.
(3) Results of operations for this period reflect pre-tax charges of $811.0 million for impairment of goodwill and long-lived
assets, $207.0 million for restructuring activities related to a strategic plan announced in September 2012 aimed at
accelerating growth, $57.0 million for a loss on early extinguishment of debt, $26.2 million related to the termination
of the Company's joint venture agreement in India, and $20.0 million for accelerated tradename amortization related to
rebranding the Company's business in Australia.
(4) Results of operations for this period reflect the receipt of a $20.8 million tax benefit related to a refund due to Corporate
Express N.V. ("Corporate Express") from the Italian government that was previously deemed uncollectible.
(5) Results of operations for this period reflect $57.8 million ($36.8 million, net of taxes) of integration and restructuring
costs associated with the acquisition of Corporate Express.
(6) Results of operations for this period reflect $84.2 million ($55.2 million, net of taxes) of integration and restructuring
costs associated with the acquisition of Corporate Express and a $42.0 million ($27.5 million, net of taxes) charge related
to the settlement of retail wage and hour class action lawsuits.
(7) Results of operations for this period reflect $173.5 million ($113.7 million, net of taxes) of integration and restructuring
costs associated with the acquisition of Corporate Express. The results of Corporate Express have been included since
its acquisition in July 2008.