Stockholders' Equity (Tables)

3 Months Ended

Mar. 30, 2013

Schedule of Stockholders Equity

The following table reflects the changes in stockholders’ equity attributable to both Office Depot, Inc. and noncontrolling subsidiary interests.

(In thousands)	Attributable to Office Depot, Inc.			Attributable to noncontrolling interests			Total
Stockholders’ equity at December 29, 2012	$	661,441		$	107		$	661,548
Comprehensive income:
Net earnings (loss)		(6,655	)		12			(6,643	)
Other comprehensive income (loss)		(12,371	)		(4	)		(12,375	)
Comprehensive income (loss)		(19,026	)		8			(19,018	)
Preferred stock dividends		(10,169	)		—			(10,169	)
Share transactions under employee related plans		(88	)		—			(88	)
Amortization of long-term incentive stock grants		3,346			—			3,346
Stockholders’ equity at March 30, 2013	$	635,504		$	115		$	635,619
Stockholders’ equity at December 31, 2011	$	739,071		$	214		$	739,285
Comprehensive income:
Net earnings (loss)		49,503			(4	)		49,499
Other comprehensive income		32,329			3			32,332
Comprehensive income		81,832			(1	)		81,831
Preferred stock dividends		(8,216	)		—			(8,216	)
Share transactions under employee related plans		491			—			491
Amortization of long-term incentive stock grants		2,573			—			2,573
Stockholders’ equity at March 31, 2012	$	815,751		$	213		$	815,964

Other Comprehensive Income Activity Net of Tax

Other comprehensive income activity, net of tax, where applicable, is provided in the following table:

(In thousands)	Foreign Currency Translation Adjustments (b)			Amortization of Gain on Cash Flow Hedge (c)			Change in Deferred Pension			Change in Deferred Cash Flow Hedge (d)			Total
Balance at December 29, 2012	$	215,931		$	390		$	(3,861	)	$	257		$	212,717
Other comprehensive income before reclassifications		(9,714	)		—			229			2,126			(7,359	)
Amounts reclassified from Accumulated other comprehensive income to Consolidated Statement of Operations (a)		(3,263	)		(156	)		—			(1,593	)		(5,012	)
Net current-period other comprehensive income		(12,977	)		(156	)		229			533			(12,371	)
Balance at March 30, 2013	$	202,954		$	234		$	(3,632	)	$	790		$	200,346

(a) Amounts in parentheses indicate an increase to earnings.

(b) The amount reclassified to the Consolidated Statement of Operations is included in Operating and selling expenses.

(c) The amount reclassified to the Consolidated Statement of Operations is included in Interest expense.

(d) Included in the $1,593 thousand are $1,373 thousand and $220 thousand recorded in Cost of goods sold and occupancy costs and Miscellaneous income, net, respectively.