View Filing Data

Print Document View Excel Document

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 29, 2012	Feb. 08, 2013	Jun. 29, 2012
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 29, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Trading Symbol	OMX
Entity Registrant Name	OFFICEMAX INC
Entity Central Index Key	0000012978
Current Fiscal Year End Date	--12-29
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		86,884,058
Entity Public Float			$ 431,736,474

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Sales	$ 6,920,384	$ 7,121,167	$ 7,150,007
Cost of goods sold and occupancy costs	5,135,927	5,311,987	5,300,355
Gross profit	1,784,457	1,809,180	1,849,652
Operating expenses
Operating, selling, and general and administrative expenses	1,645,245	1,690,967	1,689,130
Asset impairments	11,376	11,197	10,979
Other operating expenses, net	103,558	20,530	3,077
Operating income	24,278	86,486	146,466
Interest expense	(69,765)	(73,136)	(73,333)
Interest income	43,772	44,000	42,635
Gain on extinguishment of non-recourse debt	670,766
Other income (expense), net	489	287	(32)
Pre-tax income	669,540	57,637	115,736
Income tax expense	(248,722)	(19,517)	(41,872)
Net income attributable to OfficeMax and noncontrolling interest	420,818	38,120	73,864
Joint venture results attributable to noncontrolling interest	(4,028)	(3,226)	(2,709)
Net income attributable to OfficeMax	416,790	34,894	71,155
Preferred dividends	(2,096)	(2,123)	(2,527)
Net income available to OfficeMax common shareholders	$ 414,694	$ 32,771	$ 68,628
Net income per common share
Basic	$ 4.79	$ 0.38	$ 0.81
Diluted	$ 4.74	$ 0.38	$ 0.79

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Net income attributable to OfficeMax and noncontrolling interest	$ 420,818	$ 38,120	$ 73,864
Other comprehensive income (loss):
Cumulative foreign currency translation adjustment	17,587	(8,949)	22,076
Pension and postretirement liability adjustment, net of tax	37,127	(88,754)	16,356
Unrealized hedge gain (loss), net of tax	(157)	1,041	(884)
Other comprehensive income (loss)	54,557	(96,662)	37,548
Comprehensive income (loss) attributable to OfficeMax and noncontrolling interest	475,375	(58,542)	111,412
Less: Joint venture results attributable to noncontrolling interest	4,028	3,226	2,709
Cumulative foreign currency translation adjustment attributable to noncontrolling interest	2,417	(2,754)	786
Joint venture comprehensive income attributable to noncontrolling interest	6,445	472	3,495
Comprehensive income (loss) attributable to OfficeMax	$ 468,930	$ (59,014)	$ 107,917

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 495,056	$ 427,111
Receivables, net	528,279	558,635
Inventories	812,454	821,999
Deferred income taxes and receivables	68,568	63,382
Other current assets	79,527	67,847
Total current assets	1,983,884	1,938,974
Property and equipment:
Land and land improvements	40,404	40,245
Buildings and improvements	501,055	484,900
Machinery and equipment	797,378	783,492
Total property and equipment	1,338,837	1,308,637
Accumulated depreciation	(986,611)	(943,701)
Net property and equipment	352,226	364,936
Intangible assets, net	80,765	81,520
Investment in Boise Cascade Holdings, L.L.C.	175,000	175,000
Timber notes receivable	817,500	899,250
Deferred income taxes	108,759	370,439
Other non-current assets	266,181	239,156
Total assets	3,784,315	4,069,275
Current liabilities:
Accounts payable	699,636	654,918
Income tax payable	4,222	9,553
Accrued expenses and other current liabilities:
Compensation and benefits	122,662	101,516
Other	219,889	208,447
Current portion of debt	10,232	38,867
Total current liabilities	1,056,641	1,013,301
Long-term debt, less current portion	225,962	229,323
Non-recourse debt	735,000	1,470,000
Other long-term items:
Compensation and benefits obligations	365,568	393,293
Deferred gain on sale of assets	179,757	179,757
Other long-term liabilities	142,397	182,685
Noncontrolling interest in joint venture	44,617	31,923
Shareholders' equity:
Preferred stock-no par value; 10,000,000 shares authorized; Series D ESOP: $.01 stated value; 608,693 and 638,353 shares outstanding	27,391	28,726
Common stock-$2.50 par value; 200,000,000 shares authorized; 86,883,521 and 86,158,662 shares outstanding	217,209	215,397
Additional paid-in capital	1,018,667	1,015,374
Accumulated deficit	(91,373)	(500,843)
Accumulated other comprehensive loss	(137,521)	(189,661)
Total OfficeMax shareholders' equity	1,034,373	568,993
Total liabilities and shareholders' equity	$ 3,784,315	$ 4,069,275

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 29, 2012	Dec. 31, 2011
Preferred stock, no par value
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, Series D ESOP stated value	$ 0.01	$ 0.01
Preferred stock, shares outstanding	608,693	638,353
Common stock, par value	$ 2.50	$ 2.50
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares outstanding	86,883,521	86,158,662

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Cash provided by operations:
Net income attributable to OfficeMax and noncontrolling interest	$ 420,818	$ 38,120	$ 73,864
Non-cash items in net income:
Dividend income from investment in Boise Cascade Holdings, L.L.C.	(8,455)	(7,846)	(7,254)
Depreciation and amortization	74,124	84,218	100,936
Non-cash gain on extinguishment of non-recourse debt	(670,766)
Non-cash impairment charges	11,376	11,197	10,979
Pension and other postretirement benefits expense	57,076	8,328	4,965
Deferred income tax expense	227,111	7,419	26,123
Other	56,312	19,296	2,530
Changes in operating assets and liabilities:
Receivables	37,368	(14,674)	6,678
Inventories	20,508	17,269	(27,606)
Accounts payable and accrued liabilities	59,956	(54,873)	(51,515)
Current and deferred income taxes	(13,756)	(1,425)	20,775
Payments of loans on company-owned life insurance policies			(44,442)
Other	(86,471)	(53,350)	(27,896)
Cash provided by operations	185,201	53,679	88,137
Cash used for investment:
Expenditures for property and equipment	(87,178)	(69,632)	(93,511)
Proceeds from sales of assets, net	1,934	259	6,173
Cash used for investment	(85,244)	(69,373)	(87,338)
Cash used for financing:
Common stock	(3,470)
Preferred stock	(2,096)	(3,286)	(2,698)
Payments of Dividends	(5,566)	(3,286)	(2,698)
Borrowings (payments) of short-term debt, net	5,969	20	(654)
Payments of long-term debt	(38,517)	(6,136)	(21,858)
Purchase of preferred stock	(1,046)	(2,125)	(5,233)
Proceeds from exercise of stock options	1,029	1,949	1,961
Payments related to other share-based compensation	(1,370)	(4,854)
Other	4,665	(3,520)	13
Cash used for financing	(34,836)	(17,952)	(28,469)
Effect of exchange rates on cash and cash equivalents	2,824	(1,569)	3,426
Increase (decrease) in cash and cash equivalents	67,945	(35,215)	(24,244)
Balance at beginning of the year	427,111	462,326	486,570
Balance at end of the year	$ 495,056	$ 427,111	$ 462,326

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Shares Outstanding	Preferred Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Total OfficeMax Shareholders' Equity	Non- controlling Interest
Balance at Beginning of Period (in shares) at Dec. 26, 2009		84,624,726
Balance at Beginning of Period at Dec. 26, 2009		$ 211,562	$ 36,479	$ 989,912	$ (602,242)	$ (132,515)	$ 503,196	$ 28,059
Comprehensive income:
Net income	$ 71,155				71,155		71,155	2,709
Cumulative foreign currency translation adjustment	22,076					21,290	21,290	786
Pension and postretirement liability adjustment, net of tax						16,356	16,356
Unrealized hedge loss, net of tax	$ (884)					(884)	(884)
Preferred stock dividend declared					(2,527)		(2,527)
Cash dividend declared:
Preferred stock dividend declared					(2,527)		(2,527)
Restricted stock unit activity				7,972			7,972
Restricted stock unit activity, Shares	1,492	950
Non-controlling interest fair value adjustment				(17,763)			(17,763)	17,763
Stock options exercised (in shares)	408,519	408,519
Stock options exercised		$ 1,021		940			1,961
Other (in shares)		23,515
Other		$ 61	(5,578)	5,518	8		9	(71)
Balance at End of Period (in shares) at Dec. 25, 2010		85,057,710
Balance at End of Period at Dec. 25, 2010		$ 212,644	30,901	986,579	(533,606)	(95,753)	600,765	49,246
Comprehensive income:
Net income	$ 34,894				34,894		34,894	3,226
Cumulative foreign currency translation adjustment	(8,949)					(6,195)	(6,195)	(2,754)
Pension and postretirement liability adjustment, net of tax						(88,754)	(88,754)
Unrealized hedge loss, net of tax	$ 1,041					1,041	1,041
Preferred stock dividend declared					(2,123)		(2,123)
Cash dividend declared:
Preferred stock dividend declared					(2,123)		(2,123)
Restricted stock unit activity		$ 1,711		3,908			5,619
Restricted stock unit activity, Shares	1,047,406	685,373
Non-controlling interest fair value adjustment				17,763			17,763	(17,763)
Stock options exercised (in shares)	405,988	405,988
Stock options exercised		$ 1,015		934			1,949
Other (in shares)		9,591
Other		$ 27	(2,175)	6,190	(8)		4,034	(32)
Balance at End of Period (in shares) at Dec. 31, 2011	86,158,662	86,158,662
Balance at End of Period at Dec. 31, 2011	$ 568,993	$ 215,397	28,726	1,015,374	(500,843)	(189,661)	568,993	31,923
Comprehensive income:
Net income	416,790				416,790		416,790	4,028
Cumulative foreign currency translation adjustment	17,587					15,170	15,170	2,417
Pension and postretirement liability adjustment, net of tax						37,127	37,127
Unrealized hedge loss, net of tax	$ (157)					(157)	(157)
Preferred stock dividend declared					(2,096)		(2,096)
Cash dividend declared:
Common stock					(5,217)		(5,217)
Preferred stock dividend declared					(2,096)		(2,096)
Restricted stock unit activity		$ 1,132		1,056			2,188
Restricted stock unit activity, Shares	694,293	452,854
Non-controlling interest fair value adjustment				(6,253)			(6,253)	6,253
Stock options exercised (in shares)	212,441	212,441
Stock options exercised		$ 531		498			1,029
Other (in shares)		59,564
Other		$ 149	(1,335)	7,992	(7)		6,799	(4)
Balance at End of Period (in shares) at Dec. 29, 2012	86,883,521	86,883,521
Balance at End of Period at Dec. 29, 2012	$ 1,034,373	$ 217,209	$ 27,391	$ 1,018,667	$ (91,373)	$ (137,521)	$ 1,034,373	$ 44,617

Summary of Significant Accounting Policies

12 Months Ended

Dec. 29, 2012

Summary of Significant Accounting Policies

1.	Summary of Significant Accounting Policies

Nature of Operations

OfficeMax Incorporated (“OfficeMax,” the “Company”, “we” or “our”) is a leader in both business-to-business and retail office products distribution. The Company provides office supplies and paper, print and document services, technology products, solutions and office furniture and facilities products to large, medium and small businesses, government offices and consumers. OfficeMax customers are served by approximately 29,000 associates through direct sales, catalogs, the Internet and a network of retail stores located throughout the United States, Canada, Australia, New Zealand and Mexico. The Company’s common stock is traded on the New York Stock Exchange under the ticker symbol OMX. The Company’s corporate headquarters is located in Naperville, Illinois, and the OfficeMax website address is www.officemax.com.

The Company manages its business using three reportable segments: OfficeMax, Contract (“Contract segment” or “Contract”); OfficeMax, Retail (“Retail segment” or “Retail”); and Corporate and Other. The Contract segment markets and sells office supplies and paper, technology products and solutions, office furniture, print and document services and facilities products directly to large corporate and government offices, as well as to small and medium-sized offices through field salespeople, outbound telesales, catalogs, the Internet and, primarily in foreign markets, through office products stores. The Retail segment markets and sells office supplies and paper, print and document services, technology products and solutions and office furniture to small and medium-sized businesses and consumers through a network of retail stores. Management reviews the performance of the Company based on these segments. We present information pertaining to our segments in Note 14, “Segment Information”.

Consolidation

The consolidated financial statements include the accounts of OfficeMax and all majority owned subsidiaries, except our 88%-owned subsidiary that formerly owned assets in Cuba that were confiscated by the Cuban government in the 1960’s, which is accounted for as an investment due to various asset restrictions. We also consolidate the variable interest entities in which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation.

Fiscal Year

The Company’s fiscal year-end is the last Saturday in December. Fiscal year 2012 ended on December 29, 2012, fiscal year 2011 ended on December 31, 2011, and fiscal year 2010 ended on December 25, 2010. Due primarily to statutory requirements, the Company’s international businesses maintain calendar years with December 31 year-ends, with the exception of, Grupo OfficeMax S. de R.L. de C.V. (“Grupo OfficeMax”), our majority-owned joint-venture in Mexico, for which the fiscal year-end is the last Saturday in December beginning with the 2012 fiscal year. Grupo OfficeMax reported one month in arrears in 2011 and 2010. This practice was discontinued in 2012, resulting in fiscal year 2012 including 13 months for Grupo OfficeMax. This change in accounting policy did not have a material impact on the Company’s financial statements, and, therefore, prior year’s amounts have not been restated. Due to the use of a fiscal year that does not agree to a calendar month end, fiscal year 2011 included 53 weeks for our U.S. businesses. Fiscal years 2012 and 2010 included 52 weeks for our U.S. businesses.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures about contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results are likely to differ from those estimates, but management does not believe such differences will materially affect the Company’s financial position, results of operations or cash flows. Significant items subject to such estimates and assumptions include the recognition of vendor rebates and allowances; the carrying amount of intangibles and long lived assets; inventories; income tax assets and liabilities; facility closure reserves; self insurance; environmental and asbestos liabilities; and assets and obligations related to employee benefits including the pension plans.

Foreign Currency Translation

Local currencies are considered the functional currencies for the Company’s operations outside the United States. Assets and liabilities of foreign operations are translated into U.S. dollars at the rate of exchange in effect at the balance sheet date with the related translation adjustments reported in shareholders’ equity as a component of accumulated other comprehensive loss. Revenues and expenses are translated into U.S. dollars at average monthly exchange rates prevailing during the year. Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in the Consolidated Statements of Operations in the periods they occur.

Revenue Recognition

Revenue from the sale of products is recognized at the time both title and the risk of ownership are transferred to the customer, which generally occurs upon delivery to the customer or third-party delivery service for contract, catalog and Internet sales, and at the point of sale for retail transactions. Service revenue is recognized as the services are rendered. Revenue is reported less an appropriate provision for returns and net of coupons, rebates and other sales incentives. The Company offers rebate programs to some of its Contract customers. Customer rebates are recorded as a reduction in sales and are accrued as earned by the customer.

Revenue from the sale of extended warranty contracts is reported on a commission basis at the time of sale, except in a limited number of states where state law specifies the Company as the legal obligor. In such states, the revenue from the sale of extended warranty contracts is recorded at the gross amount and recognized ratably over the contract period. The performance obligations and risk of loss associated with extended warranty contracts sold by the Company are assumed by an unrelated third party. Costs associated with these contracts are recognized in the same period as the related revenue.

Fees for shipping and handling charged to customers in connection with sale transactions are included in sales. Costs related to shipping and handling are included in cost of goods sold and occupancy costs. Taxes collected from customers are accounted for on a net basis and are excluded from sales.

Cost of goods sold and occupancy costs:

Cost of goods sold and occupancy costs include inventory costs, net of estimable vendor allowances and rebates, cash discounts on purchased inventory, freight costs to bring merchandise to our stores and warehouses, delivery costs to bring merchandise to our customers, provisions for inventory value and physical adjustments, as well as occupancy costs, including depreciation or facility rent of inventory-holding and selling locations and related utilities, real estate taxes and building repairs and maintenance expense. Freight and delivery costs include all costs, including payroll, associated with our Retail (PowerMax) distribution centers and all private fleet and third party transportation services, including Company delivery personnel.

Operating, selling and general and administrative expenses:

Operating, selling and general and administrative expenses include employee payroll, payroll taxes and benefits and other expenses related to selling activities, distribution center activities in our Contract segment such as picking/packing and shipping/receiving, as well as management and staff functions, such as information technology, human resources, finance, legal, merchandising and product development functions. Expenses related to selling activities include costs associated with store personnel, advertising, sales force personnel and other selling activities. Operating, selling and general and administrative expenses also include expenses and income related to our frozen pension plans and other legacy operating activities, such as dividends related to our investment in Boise Cascade Holdings, L.L.C.

Cash and Cash Equivalents

Cash equivalents include short-term debt instruments that have an original maturity of three months or less at the date of purchase. The Company’s banking arrangements allow the Company to fund outstanding checks when presented to the financial institution for payment. This cash management practice frequently results in a net cash overdraft position for accounting purposes, which occurs when total issued checks exceed available cash balances at a single financial institution. The Company records its outstanding checks and bank overdrafts in accounts payable in the Consolidated Balance Sheets. The impact of outstanding checks and bank overdrafts are reported in cash provided by operations and cash used for financing, respectively, in the Consolidated Statements of Cash Flows.

Accounts Receivable

Accounts receivable relate primarily to amounts owed by customers for trade sales of products and services and amounts due from vendors under volume purchase rebate, cooperative advertising and various other marketing programs. An allowance for doubtful accounts is recorded to provide for estimated losses resulting from uncollectible accounts, and is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. Management believes that the Company’s exposure to credit risk associated with accounts receivable is limited due to the size and diversity of its customer and vendor base, which extends across many different industries and geographic regions. In the fourth quarter of 2011, we became aware of financial difficulties at one of our large Contract customers. We granted the customer extended payment terms and implemented creditor oversight provisions. The receivable from this customer was $30 million at December 29, 2012, and the customer is paying according to the agreed upon terms. Substantially all of this balance has been collected to date. Based on our ongoing sales to this customer, we continue to carry similar receivable balances, which we monitor closely.

At December 29, 2012 and December 31, 2011, the Company had allowances for doubtful accounts of $4.3 million and $3.9 million, respectively.

Vendor Rebates and Allowances

We participate in volume purchase rebate programs, some of which provide for tiered rebates based on defined levels of purchase volume. We also participate in programs that enable us to receive additional vendor subsidies by promoting the sale of vendor products. Vendor rebates and allowances are accrued as earned. Rebates and allowances received as a result of attaining defined purchase levels are accrued over the incentive period based on the terms of the vendor arrangement and estimates of qualifying purchases during the rebate program period. These estimates are reviewed on a quarterly basis and adjusted for changes in anticipated product sales and expected purchase levels. Vendor rebates and allowances earned are recorded as a reduction in the cost of merchandise inventories and are included in operations (as a reduction of cost of goods sold) in the period the related product is sold.

Merchandise Inventories

Inventories consist of office products merchandise and are stated at the lower of weighted average cost or net realizable value. The Company estimates the realizable value of inventory using assumptions about future demand, market conditions and product obsolescence. If the estimated realizable value is less than cost, the inventory value is reduced to its estimated realizable value.

Throughout the year, the Company performs physical inventory counts at a significant number of our locations. For periods subsequent to each location’s last physical inventory count, an allowance for estimated shrinkage is provided based on historical shrinkage results and current business trends.

Property and Equipment

Property and equipment are recorded at cost. The Company calculates depreciation using the straight-line method over the estimated useful lives of the assets or the terms of the related leases. The estimated useful lives of depreciable assets are generally as follows: building and improvements, three to 40 years; machinery and equipment, which also include delivery trucks, furniture and office and computer equipment, three to 15 years. Leasehold improvements are reported as building and improvements and are typically amortized over the lesser of the term of the lease or the estimated lives of the improvements, which generally range from two to 20 years.

Long-Lived Assets Impairment

Long-lived assets, such as property, leasehold improvements, equipment and capitalized software costs, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized equal to the amount by which the carrying amount of the asset exceeds the fair value of the asset, which is estimated based on discounted cash flows. In 2012, 2011 and 2010 the Company determined that there were indicators of impairment, completed tests for impairment and recorded impairment of assets of individual retail stores, which consist primarily of leasehold improvements and fixtures. See Note 5, “Intangible Assets and Other Long-lived Assets,” for further discussion regarding impairment of long-lived assets.

Intangible Assets Impairment

Intangible assets represent the values assigned to trade names, customer lists and relationships and exclusive distribution rights of businesses acquired. Intangible assets with definite lives, which would include our customer lists and relationships and exclusive distribution rights of businesses acquired, are amortized over those lives and are reviewed for impairment in the same manner as long-lived assets discussed above. Intangible assets with indefinite lives, which would include our trade name assets, are not amortized but are tested for impairment at least annually, or more frequently if events and circumstances indicate that the asset might be impaired. Beginning in 2012, we may make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. If, after making the qualitative assessment, we determine it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, then performing a quantitative impairment test is unnecessary. If a quantitative impairment test is performed, the asset’s fair value is estimated and compared to its carrying value. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. At the end of 2012, 2011 2010, we performed quantitative impairment tests of our trade name assets and no impairment was recorded as a result.

Investment in Boise Cascade Holdings, L.L.C.

Investments in other companies are accounted for under the cost method, if the Company does not exercise significant influence over the other company. At December 29, 2012 and December 31, 2011, the Company held an investment in Boise Cascade Holdings, L.L.C. (the “Boise Investment”) which is accounted for under the cost method. In exchange for its investment in Boise Cascade Holdings, L.L.C., the Company received voting securities and non-voting securities. The non-voting securities of Boise Cascade Holdings, L.L.C. accrue dividends. It is the Company’s policy to record the income associated with the dividends on the non-voting

securities as a reduction of operating, selling and general and administrative expenses in the Consolidated Statements of Operations. The voting securities do not accrue dividends. See Note 9, “Investment in Boise Cascade Holdings, L.L.C.,” for additional information related to the Company’s investments in affiliates.

Capitalized Software Costs

The Company capitalizes certain costs related to the acquisition and development of internal use software that is expected to benefit future periods. These costs are amortized using the straight-line method over the expected life of the software, which is typically three to seven years. Other non-current assets in the Consolidated Balance Sheets include unamortized capitalized software costs of $48.0 million and $32.5 million at December 29, 2012 and December 31, 2011, respectively. Amortization of capitalized software costs totaled $10.3 million, $10.5 million and $17.5 million in 2012, 2011 and 2010, respectively. Software development costs that do not meet the criteria for capitalization are expensed as incurred.

Pension and Other Postretirement Benefits

The Company sponsors noncontributory defined benefit pension plans covering certain terminated employees, vested employees, retirees and some active employees, primarily in Contract. The Company also sponsors various retiree medical benefit plans. The type of retiree medical benefits and the extent of coverage vary based on employee classification, date of retirement, location, and other factors. The Company explicitly reserves the right to amend or terminate its retiree medical plans at any time, subject only to constraints, if any, imposed by the terms of collective bargaining agreements. Amendment or termination may significantly affect the amount of expense incurred.

The Company recognizes the funded status of its defined benefit pension, retiree healthcare and other postretirement plans in the Consolidated Balance Sheets, with changes in the funded status recognized through accumulated other comprehensive loss, net of tax, in the year in which the changes occur. Actuarially-determined liabilities related to pension and postretirement benefits are recorded based on estimates and assumptions. Key factors used in developing estimates of these liabilities include assumptions related to discount rates, rates of return on investments, future compensation costs, healthcare cost trends, benefit payment patterns and other factors.

The Company measures changes in the funded status of its plans using actuarial models. Since the majority of participants in the plans are inactive, the actuarial models use an attribution approach that generally spreads recognition of the effects of individual events over the life expectancies of the participants. Net pension and postretirement benefit income or expense is also determined using assumptions which include discount rates and expected long-term rates of return on plan assets. The Company bases the discount rate assumption on the rates of return for a theoretical portfolio of high-grade corporate bonds (rated AA- or better) with cash flows that generally match our expected benefit payments in future years. The long-term asset return assumption is based on the average rate of earnings expected on invested funds, and considers several factors including the asset allocation, actual historical rates of return, expected rates of return and external data.

The Company’s policy is to fund its pension plans based upon actuarial recommendations and in accordance with applicable laws and income tax regulations. Pension benefits are primarily paid through trusts funded by the Company. All of the Company’s postretirement medical plans are unfunded. The Company pays postretirement benefits directly to the participants.

See Note 12, “Retirement and Benefit Plans,” for additional information related to the Company’s pension and other postretirement benefits.

Facility Closure Reserves

The Company conducts regular reviews of its real estate portfolio to identify underperforming facilities, and closes those facilities that are no longer strategically or economically beneficial. The Company records a liability for the cost associated with a facility closure at its fair value in the period in which the liability is incurred, primarily the location’s cease-use date. Upon closure, unrecoverable costs are included in facility closure reserves and include provisions for the present value of future lease obligations, less contractual or estimated sublease income. Accretion expense is recognized over the life of the payments. See Note 2, “Facility Closure Reserves,” for additional information related to the Company’s facility closure reserves.

Environmental and Asbestos Matters

Environmental and asbestos liabilities that relate to the operation of the paper and forest products businesses and timberland assets prior to the sale of the paper, forest products and timberland assets continue to be liabilities of OfficeMax. The Company accrues for losses associated with these types of obligations when such losses are probable and reasonably estimated.

Self-insurance

The Company is self-insured for certain losses related to workers’ compensation and medical claims as well as general and auto liability. The expected ultimate cost for claims incurred is recognized as a liability in the Consolidated Balance Sheets. The expected ultimate cost of claims incurred is estimated based principally on an analysis of historical claims data and estimates of claims incurred but not reported. Losses are accrued on a discounted basis and charged to operations when it is probable that a loss has been incurred and the amount can be reasonably estimated.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company is subject to tax audits in numerous jurisdictions in the U.S. and around the world. Tax audits by their very nature are often complex and can require several years to complete. In the normal course of business, the Company is subject to challenges from the IRS and other tax authorities regarding amounts of taxes due. These challenges may alter the timing or amount of taxable income or deductions, or the allocation of income among tax jurisdictions. The benefits of tax positions that are more likely than not of being sustained upon audit based on the technical merits of the tax position are recognized in the consolidated financial statements; positions that do not meet this threshold are not recognized. For tax positions that are at least more likely than not of being sustained upon audit, the largest amount of the benefit that is more likely than not of being sustained is recognized in the consolidated financial statements. See Note 7, “Income Taxes,” for further discussion.

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making the assessment of whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Accruals for income tax exposures, including penalties and interest, expected to be settled within the next year are included in income tax payable with the remainder included in other long-term liabilities in the Consolidated Balance Sheets. Interest and penalties related to income tax exposures are recognized as incurred and included in income tax expense in the Consolidated Statements of Operations.

Advertising Costs

Advertising costs are either expensed the first time the advertising takes place or, in the case of direct-response advertising, capitalized and charged to expense in the periods in which the related sales occur. Advertising expense was $211.6 million in 2012, $225.3 million in 2011 and $228.3 million in 2010, and is recorded in operating, selling and general and administrative expenses in the Consolidated Statements of Operations.

Pre-Opening Expenses

The Company incurs certain non-capital expenses prior to the opening of a store. These pre-opening expenses consist primarily of straight-line rent from the date of possession, store payroll and supplies, and are expensed as incurred and reflected in operating, selling and general and administrative expenses. The Company recorded approximately $1.1 million and $1.0 million in pre-opening costs in 2012 and 2011, respectively. No pre-opening costs were recorded in 2010.

Leasing Arrangements

The Company conducts a substantial portion of its business in leased properties. Some of the Company’s leases contain escalation clauses and renewal options. The Company recognizes rental expense for leases that contain predetermined fixed escalation clauses on a straight-line basis over the expected term of the lease. The difference between the amounts charged to expense and the contractual minimum lease payment is recorded in other long-term liabilities in the Consolidated Balance Sheets. At December 29, 2012 and December 31, 2011, other long-term liabilities included approximately $47.2 million and $52.3 million, respectively, related to these future escalation clauses.

The expected term of a lease is calculated from the date the Company first takes possession of the facility, including any periods of free rent and any option or renewal periods management believes are probable of exercise. This expected term is used in the determination of whether a lease is capital or operating and in the calculation of straight-line rent expense. Rent abatements and escalations are considered in the calculation of minimum lease payments in the Company’s capital lease tests and in determining straight-line rent expense for operating leases. Straight-line rent expense is also adjusted to reflect any allowances or reimbursements provided by the lessor.

Derivative Instruments and Hedging Activities

The Company records all derivative instruments on the balance sheet at fair value. Changes in the fair value of derivative instruments are recorded in current earnings or deferred in accumulated other comprehensive loss, depending on whether a derivative is designated as, and is effective as, a hedge and on the type of hedging transaction. Changes in fair value of derivatives that are designated as cash flow hedges are deferred in accumulated other comprehensive income loss until the underlying hedged transactions are recognized in earnings, at which time any deferred hedging gains or losses are also recorded in earnings. If a derivative instrument is designated as a fair value hedge, changes in the fair value of the instrument are reported in current earnings and offset the change in fair value of the hedged assets, liabilities or firm commitments. The Company has no material outstanding derivative instruments at December 29, 2012 and did not have any material hedge transactions in 2012, 2011 or 2010.

Recently Issued or Newly Adopted Accounting Standards

In July 2012, the FASB issued guidance that permits an entity to make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. If, after making the qualitative assessment, an entity determines it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, then performing a quantitative impairment test is unnecessary. This guidance, which was adopted for the third quarter of 2012, did not have any impact on the Company’s results of operations, financial position, or cash flows.

In February 2013, the FASB issued guidance which expands disclosure requirements for other comprehensive income. The guidance requires the reporting of the effect of the reclassification of items out of accumulated other comprehensive income (AOCI) on each affected net income line item. The guidance is effective for interim and annual periods beginning on or after December 15, 2012 and is to be applied prospectively. The adoption of this guidance affects the presentation of certain elements of the Company’s financial statements, but these changes in presentation will not have a material impact on our financial statements.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2209116

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2122150

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=7880789&loc=SL6228881-111685

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-SubTopic 15
-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7668296&loc=d3e288-107754

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 915
-SubTopic 235
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 4, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS140-4/FIN46(R)-8
-Paragraph 8, C1, C7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Facility Closure Reserves

12 Months Ended

Dec. 29, 2012

Facility Closure Reserves

2.	Facility Closure Reserves

We conduct regular reviews of our real estate portfolio to identify underperforming facilities, and close those facilities that are no longer strategically or economically beneficial. We record a liability for the cost associated with a facility closure at its estimated fair value in the period in which the liability is incurred, primarily the location’s cease-use date. Upon closure, unrecoverable costs are included in facility closure reserves and include provisions for the present value of future lease obligations, less contractual or estimated sublease income. These facility closure charges are included in other operating expenses, net in the Consolidated Statements of Operations. Accretion expense is recognized over the life of the required payments and is included in operating, selling, and general and administrative expenses in the Consolidated Statements of Operations.

During 2012, we recorded facility closure charges of $41.0 million in our Retail segment related to closing 29 underperforming domestic stores prior to the end of their lease terms, all of which was related to the lease liability.

During 2011, we recorded facility closure charges of $5.6 million in our Retail segment related to closing six underperforming domestic stores prior to the end of their lease terms, of which $5.4 million was related to the lease liability and $0.2 million was related to asset impairments. During 2010, we recorded facility closure charges of $13.1 million in our Retail segment, of which $11.7 million was related to the lease liability and other costs associated with closing eight domestic stores prior to the end of their lease terms, and $1.4 million was related to other items.

Facility closure reserve account activity during 2012, 2011 and 2010 was as follows:


	Total
	(thousands)
Balance at December 26, 2009	$	61,572
Charges related to stores closed in 2010		13,069
Transfer of deferred rent balance		5,985
Changes to estimated costs included in income		(1,358	)
Cash payments		(22,260	)
Accretion		4,665

Balance at December 25, 2010	$	61,673
Charges related to stores closed in 2011		5,406
Transfer of deferred rent and other balances		928
Changes to estimated costs included in income		262
Cash payments		(22,311	)
Accretion		3,117

Balance at December 31, 2011	$	49,075
Charges related to stores closed in 2012		41,042
Transfer of deferred rent and other balances		1,976
Cash payments		(20,740	)
Accretion		3,290

Balance at December 29, 2012	$	74,643

Reserve balances were classified in the Consolidated Balance Sheets as follows:


	December 29, 2012		December 31, 2011
	(thousands)
Accrued expenses and other current liabilities - Other	$	21,794	$	10,635
Other long-term liabilities		52,849		38,440

Total	$	74,643	$	49,075

The facilities closure reserve consisted of the following:


	December 29, 2012
	(thousands)
Estimated future lease obligations	$	126,842
Less: anticipated sublease income		(52,199	)

Total	$	74,643

In addition, we were the lessee of a legacy building materials manufacturing facility near Elma, Washington until the end of 2010. During 2006, we ceased operations at the facility, fully impaired the assets and recorded a reserve for the related lease payments and other contract termination and closure costs. This reserve balance was not included in the facilities closure reserve described above. During 2010, we sold the facility’s equipment and terminated the lease and recorded income of approximately $9.4 million to adjust the associated reserve. This income is reported in other operating expenses, net in our Consolidated Statements of Operations.

Severance and Other Charges

12 Months Ended

Dec. 29, 2012

Severance and Other Charges

3.	Severance and Other Charges

Over the past few years, we have incurred significant charges related to Company personnel restructuring and reorganizations. These charges were included in other operating expenses, net in the Consolidated Statements of Operations.

We recorded $6.2 million and $14.9 million of severance charges, related primarily to reorganizations in the sales and supply chain operations in the U.S., Canada and Australia/New Zealand contract operations in 2012 and 2011, respectively. As of December 29, 2012, $6.0 million of the severance charges remain unpaid and are included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

Timber Notes/Non-Recourse Debt

12 Months Ended

Dec. 29, 2012

Timber Notes/Non-Recourse Debt

4.	Timber Notes/Non-Recourse Debt

In October 2004, we sold our timberland assets in exchange for $15 million in cash plus credit-enhanced timber installment notes in the amount of $1,635 million (the “Installment Notes”). The Installment Notes were issued by single-member limited liability companies formed by affiliates of Boise Cascade, L.L.C. (the “Note Issuers”). The Installment Notes are 15-year non-amortizing obligations and were issued in two equal $817.5 million tranches bearing interest at 5.11% and 4.98%, respectively. In order to support the issuance of the Installment Notes, the Note Issuers transferred a total of $1,635 million in cash to Lehman Brothers Holdings Inc. (“Lehman”) and Wachovia Corporation (“Wachovia”) (which was later purchased by Wells Fargo & Company) ($817.5 million to each of Lehman and Wachovia). Lehman and Wachovia issued collateral notes (the “Collateral Notes”) to the Note Issuers. Concurrently with the issuance of the Installment and Collateral Notes, Lehman and Wachovia guaranteed the respective Installment Notes and the Note Issuers pledged the Collateral Notes as security for the performance of the Installment Note obligations.

In December 2004, we completed a securitization transaction in which the Company’s interests in the Installment Notes and related guarantees were transferred to wholly-owned bankruptcy remote subsidiaries. The subsidiaries pledged the Installment Notes and related guarantees and issued securitized notes (the “Securitization Notes”) in the amount of $1,470 million ($735 million through the structure supported by the Lehman guaranty and $735 million through the structure supported by the Wachovia guaranty). As a result of these transactions, we received $1,470 million in cash. Recourse on the Securitization Notes is limited to the proceeds of the applicable pledged Installment Notes and underlying Lehman or Wachovia guaranty, and therefore there is no recourse against OfficeMax. The Securitization Notes are 15-year non-amortizing, and were issued in two equal $735 million tranches paying interest of 5.54% and 5.42%, respectively. The Securitization Notes are reported as non-recourse debt in the Company’s Consolidated Balance Sheets.

On September 15, 2008, Lehman, the guarantor of half of the Installment Notes and the Securitization Notes, filed a petition in the United States Bankruptcy Court for the Southern District of New York seeking relief under chapter 11 of the United States Bankruptcy Code. Lehman’s bankruptcy filing constituted an event of default under the $817.5 million Installment Note guaranteed by Lehman (the “Lehman Guaranteed Installment Note”). We are required for accounting purposes to assess the carrying value of assets whenever circumstances indicate that a decline in value may have occurred. In 2008, we evaluated the carrying value of the Lehman Guaranteed Installment Note and reduced it to the estimated amount we then expected to collect ($81.8 million) by recording a non-cash impairment charge of $735.8 million, pre-tax.

An initial distribution of approximately $50 million on one of two claims was received from Lehman in the second quarter of 2012 by the Note Issuers, pursuant to a stipulation entered into on October 7, 2011 and approved by the bankruptcy court on December 14, 2011. The funds were released to the Securitization Note holders in the third quarter of 2012.

During the third quarter of 2012, we entered into an agreement that extinguished the Securitization Notes guaranteed by Lehman. Upon effectiveness of the agreement, the trustee for the Securitization Note holders released OfficeMax and its affiliates from the non-recourse liabilities following the transfer from OfficeMax to the trustee for the Securitization Note holders of the claims, the Lehman Guaranteed Installment Note and the guaranty. As a result of the extinguishment of this debt, we recognized a non-cash, pre-tax gain of $670.8 million, equal to the difference between the combined amount of the carrying value of the Securitization Notes guaranteed by Lehman ($735.0 million) and the related interest payable ($17.6 million) and the combined amount of the carrying value of the Lehman Guaranteed Installment Note and the initial distribution made by the Lehman estate (together $81.8 million.)

At the time of the sale of the timberlands in 2004, we generated a tax gain and recognized the related deferred tax liability. The timber installment notes structure allowed the Company to defer the resulting tax liability until 2020 ($529 million as of December 31, 2011), the maturity date for the Installment Notes. In the third quarter of 2012 as a result of the agreement transferring our rights to the remaining receivable and the extinguishment of Securitization Notes guaranteed by Lehman, $269 million of the deferred tax gain was recognized. Due to available alternative minimum tax credits and net operating losses, which will offset a significant portion of the taxable income, the Company made a cash tax payment of $15 million in the fourth quarter of 2012. At December 29, 2012, the remaining deferred tax gain of $260 million is related to the Installment Notes guaranteed by Wachovia (the “Wachovia Guaranteed Installment Notes”), and will be recognized upon maturity.

Through December 29, 2012, we have received all payments due under the Wachovia Guaranteed Installment Notes, which have consisted only of interest due on the notes, and have made all payments due on the related Securitization Notes guaranteed by Wachovia, again consisting only of interest due. As all amounts due on the Wachovia Guaranteed Installment Notes are current and we have no reason to believe that we will not be able to collect all amounts due according to the contractual terms of the Wachovia Guaranteed Installment Notes, the notes are reflected in our Consolidated Balance Sheets at their original principal amount of $817.5 million. The Wachovia Guaranteed Installment Notes and related Securitization Notes are scheduled to mature in 2020 and 2019, respectively. The Securitization Notes have an initial term that is approximately three months shorter than the Wachovia Guaranteed Installment Notes.

Intangible Assets and Other Long-lived Assets

12 Months Ended

Dec. 29, 2012

Intangible Assets and Other Long-lived Assets

5.	Intangible Assets and Other Long-lived Assets

Intangible Assets

Intangible assets represent the values assigned to trade names, customer lists and relationships, noncompete agreements and exclusive distribution rights of businesses acquired. The trade name assets have an indefinite life and are not amortized. Customer lists and relationships are amortized over three to 20 years and exclusive distribution rights over ten years. Intangible assets consisted of the following at year-end:


	2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(thousands)
Trade names	$	66,000	$	—		$	66,000
Customer lists/relationships and exclusive distribution rights		34,698		(19,933	)		14,765

Total	$	100,698	$	(19,933	)	$	80,765


	2011
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(thousands)
Trade names	$	66,000	$	—		$	66,000
Customer lists/relationships and exclusive distribution rights		34,963		(19,443	)		15,520

Total	$	100,963	$	(19,443	)	$	81,520

Intangible asset amortization expense totaled $1.7 million, $1.7 million and $2.0 million in 2012, 2011 and 2010 respectively. The estimated amortization expense is approximately $1.4 to $1.7 million in each of the next five years.

The changes in the intangible carrying amounts were as follows:


	Trade names		Customer lists/relationships and exclusive distribution rights			Total
	(thousands)
Net carrying amount, December 26, 2009	$	66,000	$	17,806		$	83,806
Amortization		—		(1,955	)		(1,955	)
Effect of foreign currency translation		—		1,380			1,380

Net carrying amount, December 25, 2010	$	66,000	$	17,231		$	83,231
Amortization		—		(1,686	)		(1,686	)
Effect of foreign currency translation		—		(25	)		(25	)

Net carrying amount, December 31, 2011	$	66,000	$	15,520		$	81,520
Amortization		—		(1,665	)		(1,665	)
Effect of foreign currency translation		—		910			910

Net carrying amount, December 29, 2012	$	66,000	$	14,765		$	80,765

Our trade name assets are intangible assets with indefinite lives. They are not amortized, but are tested for impairment at least annually or more frequently if events and circumstances indicate that the asset might be impaired. Beginning in 2012, we may make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. If, after making the qualitative assessment, we determine it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, then performing a quantitative impairment test is unnecessary. If a quantitative impairment test is performed, the asset’s fair value is estimated and compared to its carrying value. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. At the end of 2012, 2011 2010, we performed quantitative impairment tests of our trade name assets and no impairment was recorded as a result.

Other Long-Lived Assets

We are also required to test our long-lived assets for impairment whenever an indicator of potential impairment exists. In 2012, 2011 and 2010, we noted the existence of indicators of potential impairment for the assets of individual retail stores (“store assets” or “stores”), which consist primarily of leasehold improvements and fixtures, and performed impairment testing for these assets. We performed the first step of impairment testing for other long-lived assets on the store assets and determined that for some stores the estimated future undiscounted cash flows derived from the assets was less than those assets’ carrying amounts and therefore impairment existed for those store assets. We then performed the second step of impairment testing, which was to calculate the amount of the impairment loss. The loss was measured as the excess of the carrying value over the fair value of the assets, with the fair value determined based on estimated future discounted cash flows. As a result of these tests, we impaired $11.4 million, $11.2 million and $11.0 million of store assets in 2012, 2011 and 2010, respectively.

Net Income Per Common Share

12 Months Ended

Dec. 29, 2012

Net Income Per Common Share

6.	Net Income Per Common Share

Basic net income per common share is calculated using net income available to holders of our common stock divided by the weighted average number of shares of common stock outstanding during the applicable periods presented. Diluted net income per common share is similar to basic net income per common share except that the weighted average number of shares of common stock outstanding is increased to include, if their inclusion is dilutive, the number of additional shares of common stock that would have been outstanding assuming the issuance of all potentially dilutive shares, such as common stock to be issued upon exercise of options, the vesting of non-vested restricted shares, and the conversion of outstanding preferred stock. Net income per common share was determined by dividing net income, as adjusted, by weighted average shares outstanding as follows:

Basic Net Income per Common Share


	2012		2011		2010
	(thousands, except per-share amounts)
Net income available to OfficeMax common shareholders	$	414,694	$	32,771	$	68,628
Average shares—basic		86,594		85,881		84,908

Net income available to OfficeMax common shareholders per common share:
Basic	$	4.79	$	0.38	$	0.81

Diluted Net Income per Common Share


	2012		2011		2010
	(thousands, except per-share amounts)
Net income available to OfficeMax common shareholders	$	414,694	$	32,771	$	68,628
Preferred dividends (a)		2,096		—		—

Diluted net income attributable to OfficeMax		416,790		32,771		68,628
Average shares—basic		86,594		85,881		84,908
Restricted stock, stock options, preferred share conversion and other(a)(b)		1,345		1,116		1,604

Average shares—diluted		87,939		86,997		86,512
Diluted net income attributable to OfficeMax per common share:
Diluted	$	4.74	$	0.38	$	0.79

(a)	The assumed conversion of outstanding preferred stock was anti-dilutive in 2010 and 2011, and therefore no adjustment was required to determine diluted income from continuing operations or average shares-diluted.

(b)

Options to purchase 3.8 million, 3.7 million and 1.7 million shares of common stock were outstanding during 2012, 2011 and 2010, respectively, but were not included in the computation of diluted income per common share because the impact would have been anti-dilutive as the option price was higher than the average market price during the year.

Income Taxes

12 Months Ended

Dec. 29, 2012

Income Taxes

7.	Income Taxes

The income tax expense attributable to income from continuing operations as shown in the Consolidated Statements of Operations includes the following components:


	2012			2011			2010
	(thousands)
Current income tax (expense) benefit:
Federal	$	(3,806	)	$	(128	)	$	9,507
State		(8,075	)		(1,593	)		(2,735	)
Foreign		(9,730	)		(10,377	)		(22,521	)

Total	$	(21,611	)	$	(12,098	)	$	(15,749	)
Deferred income tax (expense) benefit:
Federal	$	(212,221	)	$	(5,342	)	$	(24,628	)
State		(9,288	)		(4,056	)		(2,552	)
Foreign		(5,602	)		1,979			1,057

Total	$	(227,111	)	$	(7,419	)	$	(26,123	)

Total income tax expense	$	(248,722	)	$	(19,517	)	$	(41,872	)

During 2012, 2011 and 2010, cash payments or cash refunds received, net, for income taxes were as follows:


	2012		2011		2010
	(thousands)
Cash tax payments (refunds), net	$	35,367	$	13,524	$	(5,026	)

The income tax expense attributable to income from continuing operations for the years ended December 29, 2012, December 31, 2011 and December 25, 2010 differed from the amounts computed by applying the statutory U.S. federal income tax rate of 35% to pre-tax income from continuing operations as a result of the following:


	2012			2011			2010
	(thousands)
Income tax expense at statutory rate	$	(234,339	)	$	(20,173	)	$	(40,507	)
State taxes expense, net of federal effect		(22,434	)		(723	)		(2,346	)
Foreign tax provision differential		6,222			4,354			338
Effect on deferreds due to tax restructuring		—			5,960			—
Net operating loss valuation allowance and credits		(5,121	)		(10,818	)		(590	)
Change in tax contingency liability		(4,336	)		(695	)		(308	)
Tax effect of foreign earnings, net		6,728			(2,517	)		(2,291	)
Employee stock ownership plan dividend deduction		733			743			885
Other permanent items, net		3,825			4,352			2,947

Total income tax expense	$	(248,722	)	$	(19,517	)	$	(41,872	)

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at year-end are presented in the following table:


	2012			2011
	(thousands)
Impairment of note receivable	$	—		$	278,269
Minimum tax and other credits carryover		121,434			228,224
Net operating loss carryovers		31,798			151,787
Deferred gain on Boise Investment		68,936			68,936
Compensation obligations		177,784			172,403
Operating reserves and accrued expenses		50,239			55,679
Investments and deferred charges		5,901			3,441
Property and equipment		—			1,558
Allowances for receivables		12,358			12,306
Inventory		6,258			4,216
Tax goodwill		1,319			2,907
Other		—			6,891

Total deferred tax assets	$	476,027		$	986,617
Valuation allowance on NOLs and credits	$	(30,665	)	$	(25,543	)

Total deferred tax assets after valuation allowance	$	445,362		$	961,074
Timberland installment gain related to Wachovia Guaranteed Installment Note	$	(260,040	)	$	(260,040	)
Timberland installment gain related to Lehman Guaranteed Installment Note		—			(269,284	)
Property and equipment		(3,290	)		—
Undistributed earnings		(6,238	)		(5,823	)
Other		(3,157	)		—

Total deferred tax liabilities	$	(272,725	)	$	(535,147	)

Total net deferred tax assets	$	172,637		$	425,927

Deferred tax assets and liabilities are reported in our Consolidated Balance Sheets as follows:


	2012		2011
	(thousands)
Current deferred income tax assets	$	63,878	$	55,488
Long-term deferred income tax assets		108,759		370,439

Total net deferred tax assets	$	172,637	$	425,927

In assessing the value of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making the assessment of whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. Management believes it is more likely than not that the Company will realize the benefits of these deductible differences, except for certain state net operating losses and other credit carryforwards as noted below. The amount of the deferred tax assets considered realizable, however, could be reduced if estimates of future taxable income during the carryforward period are reduced. During 2011, the Company restructured its domestic entities to better support operations resulting in a reduction in the tax rate related to certain deferred items which was offset by the impairment of state net operating losses.

The Company has a deferred tax asset related to alternative minimum tax credit carryforwards of approximately $100 million, which are available to reduce future regular federal income taxes, if any, over an indefinite period. The Company also has deferred tax assets related to various state net operating losses of approximately $15.0 million, net of the valuation allowance, that expire between 2013 and 2029.

The Company has established a valuation allowance related to net operating loss carryforwards and other credit carryforwards in jurisdictions where the Company has substantially reduced operations because management believes it is more likely than not that these items will expire before the Company is able to realize their benefits. The valuation allowance was $30.7 million and $25.5 million at December 29, 2012 and December 31, 2011, respectively. In 2012, the Company increased the valuation allowances relating to its available foreign tax credits. The valuation allowance is reviewed and adjusted based on management’s assessments of realizable deferred tax assets.

As discussed in Note 4, “Timber Notes/Non-Recourse Debt,” at the time of the sale of the timberlands in 2004, we generated a tax gain and recognized the related deferred tax liability. The timber installment notes structure allowed the Company to defer the resulting tax liability until 2020, the maturity date for the Installment Notes. In 2011, a legal entity restructuring reduced the liability for the installment gain by $14 million to $529 million. The recognition of the tax gain related to the Securitization Notes guaranteed by Lehman ($269 million) was triggered in full by the agreement entered into in the third quarter of 2012 and was recognized. The recognized gain amount was predominately offset by alternative minimum tax credits and net operating losses, and the Company made a cash tax payment of $15 million for the remainder. At December 29, 2012, the remaining tax liability of $260 million is related to the Wachovia Guaranteed Installment Notes and will be recognized when the Wachovia Guaranteed Installment Notes are paid.

Pre-tax income related to continuing operations from domestic and foreign sources is as follows:


	2012		2011		2010
	(thousands)
Domestic	$	607,487	$	21,202	$	53,444
Foreign		62,053		36,435		62,292

Total	$	669,540	$	57,637	$	115,736

As of December 29, 2012, the Company had $6.3 million of total unrecognized tax benefits, $6.2 million of which would affect the Company’s effective tax rate if recognized. During 2012, the reserve was reduced for tax positions related to positions that the Company had effectively settled with the IRS. Any future adjustments would result from the effective settlement of tax positions with various tax authorities. The Company does not anticipate any tax settlements to occur within the next twelve months. The reconciliation of the beginning and ending unrecognized tax benefits is as follows:


	2012			2011			2010
	(thousands)
Unrecognized gross tax benefits balance at beginning of year	$	21,172		$	20,863		$	8,247
Increase related to prior year tax positions		2,178			570			12,983
Decrease related to prior year tax positions		(12,232	)		—			—
Settlements		(4,781	)		(261	)		(367	)

Unrecognized tax benefits balance at end of year	$	6,337		$	21,172		$	20,863

The Company or its subsidiaries file income tax returns in the U.S. federal jurisdiction, and multiple state and foreign jurisdictions. Years prior to 2006 are no longer subject to U.S. federal income tax examination. During 2012, the Company effectively completed all audit work related to U.S. federal income tax returns for the years 2006 through 2009 and expects final completion to occur in 2013. The Company is no longer subject to state income tax examinations by tax authorities in its major state jurisdictions for years before 2003, and the Company is no longer subject to income tax examinations prior to 2005 for its major foreign jurisdictions.

The Company recognizes accrued interest and penalties associated with uncertain tax positions as part of income tax expense. As of December 29, 2012, the Company had approximately $0.6 million of accrued interest and penalties associated with uncertain tax positions.

Deferred taxes are not recognized for temporary differences related to investments in certain foreign subsidiaries because such earnings are considered to be indefinitely reinvested in the business. The determination of the amount of the unrecognized deferred tax liability related to the undistributed earnings is not practicable because of the complexities associated with its hypothetical calculation.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

+ Details

Leases

12 Months Ended

Dec. 29, 2012

Leases

8.	Leases

The Company leases its retail stores as well as certain other property and equipment under operating leases. These leases are noncancelable and generally contain multiple renewal options for periods ranging from three to five years, and require the Company to pay all executory costs such as maintenance and insurance. Rental payments include minimum rentals plus, in some cases, contingent rentals based on a percentage of sales above specified minimums. Rental expense for operating leases included the following components:


	2012			2011			2010
	(thousands)
Minimum rentals	$	324,952		$	336,924		$	338,924
Contingent rentals		1,096			1,060			1,187
Sublease rentals		(233	)		(504	)		(422	)

Total	$	325,815		$	337,480		$	339,689

For operating leases with remaining terms of more than one year, the minimum lease payment requirements are:


	Total
	(thousands)
2013	$	351,376
2014		300,599
2015		241,670
2016		182,050
2017		127,165
Thereafter		198,601

Total	$	1,401,461

These minimum lease payments do not include contingent rental payments that may be due based on a percentage of sales in excess of stipulated amounts. These future minimum lease payment requirements have not been reduced by $22.6 million of minimum sublease rentals due in the future under noncancelable subleases. These sublease rentals include amounts related to closed stores and other facilities that are accounted for in the facility closures reserve.

As a result of purchase accounting from the 2003 acquisition of the U.S. retail business, we recorded an asset relating to store leases with terms below market value and a liability for store leases with terms above market value. The asset will be amortized through 2027 ($4 million per year), while the liability was amortized through 2012 ($11 million per year). From the acquisition date through 2012, the net amortization of these items reduced rent expense by approximately $7 million per year. Beginning in 2013, the completed amortization of the liability will result in no further reduction of rent expense and the amortization of the asset will continue to result in additional rent expense of approximately $4 million per year.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References + Details

Investment in Boise Cascade Holdings, L.L.C.

12 Months Ended

Dec. 29, 2012

Investment in Boise Cascade Holdings, L.L.C.

9.	Investment in Boise Cascade Holdings, L.L.C.

In connection with the sale of the paper, forest products and timberland assets in 2004, we invested $175 million in affiliates of Boise Cascade, L.L.C. Due to restructurings conducted by those affiliates, our investment is currently in Boise Cascade Holdings, L.L.C., a building products company.

The Boise Investment is accounted for under the cost method, as Boise Cascade Holdings, L.L.C. does not maintain separate ownership accounts for its members’ interests, and we do not have the ability to significantly influence the operating and financial policies of Boise Cascade Holdings, L.L.C.

In exchange for its investment in Boise Cascade Holdings, L.L.C., we received voting securities and non-voting securities. The non-voting securities of Boise Cascade Holdings, L.L.C. accrue dividends daily at the rate of 8% per annum on the liquidation value plus accumulated dividends. These dividends accumulate semiannually to the extent not paid in cash on the last day of June and December. It is our policy to record the income associated with these dividends as a reduction of operating, selling and general and administrative expenses in the Consolidated Statements of Operations. The voting securities do not accrue dividends.

We recognized dividend income from the non-voting securities of $8.5 million in 2012, $7.8 million in 2011 and $7.3 million in 2010 in the Corporate and Other segment. The dividend receivable associated with these dividends was $45.1 million and $38.0 million at December 29, 2012 and December 31, 2011, respectively, and was recorded in the Corporate and Other segment in other non-current assets in the Consolidated Balance Sheets.

During 2012, we received a distribution of $1.7 million from Boise Cascade Holdings, L.L.C., for the income tax liability associated with our share of allocated earnings, the majority of which was used to reduce the accrued dividend balance. No such distributions were received in 2011 or 2010.

A subsidiary of Boise Cascade Holdings, L.L.C., Boise Cascade, L.L.C. filed a registration statement with the Securities and Exchange Commission in November 2012 to register stock for an initial public offering (“Boise IPO”). Boise Cascade, L.L.C. announced the commencement of the Boise IPO on January 23, 2013, and the Boise IPO was completed on February 11, 2013.

In February of 2013, we received approximately $129 million in cash proceeds related to the Boise investment. We received approximately $112 million related to the redemption of all of the non-voting equity securities at the original investment amount of $66 million plus the related accrued dividends of approximately $46 million. As a result of the redemption of the non-voting equity securities, the income associated with the dividends on those securities will cease in the first quarter of 2013. We also received a distribution of approximately $17 million related to the voting equity securities.

The Boise Investment represented a continuing involvement in the operations of the business we sold in 2004. Therefore, approximately $180 million of gain realized from the sale was deferred. The redemption of the non-voting equity securities is expected to trigger recognition of a pre-tax operating gain of approximately $68 million representing the portion of the deferred gain attributable to the non-voting equity securities. The remaining $112 million of deferred gain attributable to the voting equity securities will be recognized when the voting-equity securities are sold or redeemed.

Throughout the year, we review the carrying value of this investment whenever events or circumstances indicate that its fair value may be less than its carrying amount. At year-end, based on information related to the Boise IPO, we estimated the fair value of the Boise investment, and determined that there was no impairment of this investment. We will continue to monitor and assess this investment.

Debt

12 Months Ended

Dec. 29, 2012

Debt

10.

Debt

The Company’s debt, almost all of which is unsecured, consists of both recourse and non-recourse obligations as follows at year-end:


	2012			2011
	(thousands)
Recourse debt:
7.35% debentures, due in 2016	$	17,967		$	17,967
Medium-term notes, Series A, with interest rates averaging 7.9%, paid in 2012		—			35,000
Revenue bonds, with interest rates averaging 6.4% , due in varying amounts periodically through 2029		185,505			185,505
American & Foreign Power Company Inc. 5% debentures, due in 2030		18,526			18,526
Grupo OfficeMax installment loans, due in monthly installments through 2014		5,028			8,508
Other indebtedness, with interest rates averaging 6.6% and 6.8%, due in varying amounts annually through 2019		9,644			3,188

	$	236,670		$	268,694
Less unamortized discount		(476	)		(504	)

Total recourse debt	$	236,194		$	268,190
Less current portion		(10,232	)		(38,867	)

Long-term debt, less current portion	$	225,962		$	229,323

Non-recourse debt:
5.42% Securitization Notes, due in 2019	$	735,000		$	735,000
5.54% Securitization Notes, due in 2019		—			735,000

Total non-recourse debt	$	735,000		$	1,470,000

Scheduled Debt Maturities

The scheduled payments of recourse debt are as follows:


	Total
	(thousands)
2013	$	10,232
2014		1,574
2015		213
2016		20,264
2017		115
Thereafter		204,272

Total	$	236,670

Credit Agreements

On October 7, 2011, the Company entered into a Second Amended and Restated Loan and Security Agreement (the “Credit Agreement”) with a group of banks. The Credit Agreement amended both our then existing credit agreement to which we were a party along with certain of our subsidiaries in the U.S. and our then existing credit agreement to which our subsidiary in Canada was a party and consolidated them into a single credit agreement. The Credit Agreement permits the Company to borrow up to a maximum of $650 million, of which $50 million is allocated to the Company’s Canadian subsidiary and $600 million is allocated to the Company and its other participating U.S. subsidiaries, in each case subject to a borrowing base calculation that limits availability to a percentage of eligible trade and credit card receivables plus a percentage of the value of eligible inventory less certain reserves. The Credit Agreement may be increased (up to a maximum of $850 million) at the Company’s request and the approval of the lenders participating in the increase, or may be reduced from time to time at the Company’s request, in each case according to the terms detailed in the Credit Agreement. Letters of credit, which may be issued under the Credit Agreement up to a maximum of $250 million, reduce available borrowing capacity. At the end of fiscal year 2012, the Company was in compliance with all covenants under the Credit Agreement. The Credit Agreement will expire on October 7, 2016.

Borrowings under the Credit Agreement are subject to interest at rates based on either the prime rate, the federal funds rate, LIBOR or the Canadian Dealer Offered Rate. An additional percentage, which varies depending on the level of average borrowing availability, is added to the applicable rates. Fees on letters of credit issued under the Credit Agreement are charged at rates between 1.25% and 2.25% depending on the type of letter of credit (i.e., stand-by or commercial) and the level of average borrowing availability. The Company is also charged an unused line fee of between 0.375% and 0.5% on the amount by which the maximum available credit exceeds the average daily outstanding borrowings and letters of credit. The fees on letters of credit were 1.75% and the unused line fee was 0.5% at December 29, 2012. Thereafter, the rate will vary depending on the level of average borrowing availability and type of letters of credit.

Availability under the Credit Agreement at the end of fiscal year 2012 was as follows:


	Total
	(millions)
Maximum aggregate available borrowing amount	$	621.2
Less: Stand-by letters of credit		(41.0	)

Amount available for borrowing at fiscal year-end	$	580.2

On March 15, 2010, the Company’s five wholly-owned subsidiaries based in Australia and New Zealand entered into a Facility Agreement (the “Australia/New Zealand Credit Agreement”) with a financial institution based in those countries. The Australia/New Zealand Credit Agreement permitted the subsidiaries in Australia and New Zealand to borrow up to a maximum of A$80 million subject to a borrowing base calculation that limited availability to a percentage of eligible accounts receivable plus a percentage of the value of certain owned properties, less certain reserves. During the first quarter of 2012, the Company exercised its option to terminate the Australia/New Zealand Credit Agreement effective March 30, 2012.

There were no borrowings under the Company’s credit agreements in 2012 or 2011.

Other

During the second quarter of 2012, we repaid $35 million of Medium-term notes, Series A, which had reached maturity. These notes had been reported in current portion of debt in our Consolidated Balance Sheets at December 31, 2011.

At the end of fiscal year 2012, Grupo OfficeMax had total outstanding borrowings of $11.1 million. This included $2.7 million outstanding under a 60-month installment note due in the first quarter of 2014 and $2.3 million outstanding under a 54-month installment note due in the third quarter of 2014. Payments on the installment loans are made monthly. The remaining $6.1 million of borrowings is a simple revolving loan. Recourse on the Grupo OfficeMax loans is limited to Grupo OfficeMax. The installment loan maturing in the third quarter of 2014 is secured by certain owned property of Grupo OfficeMax. All other Grupo OfficeMax loan facilities are unsecured.

Cash Paid for Interest

Cash payments for interest, net of interest capitalized and including interest payments related to the Securitization Notes, were $64.6 million in 2012, $69.8 million in 2011 and $68.9 million in 2010. Excluding interest payments related to the Securitization Notes, cash payments for interest, net of interest capitalized were $24.7 million in 2012, $29.9 million in 2011, and $29.1 million for 2010. Cash interest payments made on the Securitization Notes are completely offset by interest payments received on the Installment Notes.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Financial Instruments, Derivatives and Hedging Activities

12 Months Ended

Dec. 29, 2012

Financial Instruments, Derivatives and Hedging Activities

11.

Financial Instruments, Derivatives and Hedging Activities

Fair Value of Financial Instruments

The carrying amounts of cash and cash equivalents, trade accounts receivable, other assets (non-derivatives), short-term borrowings and trade accounts payable approximate fair value because of the short maturity of these instruments. The following table presents the carrying amounts and estimated fair values of the Company’s other financial instruments at December 29, 2012 and December 31, 2011. The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties.


	December 29, 2012
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total		Carrying Amount
	(thousands)
Financial assets:
Timber notes receivable - Wachovia	$	—	$	986,365	$	—	$	986,365	$	817,500
Financial liabilities:
Recourse debt	$	—	$	229,431	$	—	$	229,431	$	236,194
Non-recourse debt - Wachovia	$	—	$	903,912	$	—	$	903,912	$	735,000


	December 31, 2011
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total		Carrying Amount
	(thousands)
Financial assets:
Timber notes receivable
Wachovia	$	—	$	943,706	$	—	$	943,706	$	817,500
Lehman	$	—	$	—	$	81,750	$	81,750	$	81,750
Financial liabilities:
Recourse debt	$	62,293	$	178,461	$	—	$	240,754	$	268,190
Non-recourse debt
Wachovia	$	—	$	858,779	$	—	$	858,779	$	735,000
Lehman	$	—	$	—	$	81,750	$	81,750	$	735,000

In establishing a fair value, there is a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The basis of the fair value measurement is categorized in three levels, in order of priority, described as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2: Quoted prices in markets that are not active, or financial instruments for which all significant inputs are observable either directly or indirectly.

Level 3: Prices or valuation techniques that require inputs are both significant to the fair value measurement and unobservable thus reflecting assumptions about the market participants.

The carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions. The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

•

Timber notes receivable: Timber notes receivable as of December 29, 2012 consists solely of the Wachovia Guaranteed Installment Notes. The fair value of the Wachovia Guaranteed Installment Notes is determined as the present value of expected future cash flows discounted at the current interest rate for loans of similar terms with comparable credit risk (Level 2 inputs). In 2011, the fair value of the Lehman Guaranteed Installment Note reflected the estimated future cash flows of the note considering the estimated effects of the Lehman bankruptcy (Level 3 inputs).

•

Recourse debt: The Company’s debt instruments are not widely traded. Recourse debt for which there were trades on the last day of the period (the “measurement date”) was valued using the unadjusted quoted price from the last trade on the measurement date (Level 1 input). Recourse debt for which there were no transactions on the measurement date was valued based on quoted market prices near the measurement date when available or by discounting the future cash flows of each instrument using rates based on the most recently observable trade or using rates currently offered to the Company for similar debt instruments of comparable maturities (Level 2 inputs).

•

Non-recourse debt: Non-recourse debt as of December 29, 2012 consists solely of the Securitization Notes supported by Wachovia. The fair value of the Securitization Notes supported by Wachovia is estimated by discounting the future cash flows of the instrument at rates currently available to the Company for similar instruments of comparable maturities (Level 2 inputs). In 2011, the Securitization Notes supported by Lehman were estimated based on the future cash flows of the Lehman Guaranteed Installment Note (the proceeds from which are the sole source of payment of this note) in a bankruptcy proceeding (Level 3 inputs).

During 2012, there were no significant changes to the techniques used to measure fair value. During the third quarter of 2012, the Lehman-related timber notes receivable were transferred and the Lehman-related non-recourse debt was extinguished pursuant to an agreement related to the Lehman bankruptcy (for further information see Note 4, “Timber Notes/Non-Recourse Debt”). Other than the Lehman activity, routine borrowings and payments of recourse debt there were no changes to the financial instruments for which fair value is being calculated. Any changes in the level of inputs for recourse debt is due to the existence or nonexistence of trades on the measurement date from which to obtain unadjusted quoted prices.

Derivatives and Hedging Activities

Changes in foreign currency exchange rates expose the Company to financial market risk. The Company occasionally uses derivative financial instruments, such as forward exchange contracts, to manage its exposure associated with commercial transactions and certain liabilities that are denominated in a currency other than the currency of the operating unit entering into the underlying transaction. The Company does not enter into derivative instruments for any other purpose. The Company does not speculate using derivative instruments. The fair values of derivative financial instruments were not material at the end of fiscal year 2012 or 2011.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13504-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Retirement and Benefit Plans

12 Months Ended

Dec. 29, 2012

Retirement and Benefit Plans

12.

Retirement and Benefit Plans

Pension and Other Postretirement Benefit Plans

The Company sponsors noncontributory defined benefit pension plans covering certain terminated employees, vested employees, retirees and some active employees, primarily in Contract. In 2004 or earlier, the Company’s qualified pension plans were closed to new entrants and the benefits of eligible participants were frozen.

Under the terms of the Company’s qualified plans, the pension benefit for employees was based primarily on the employees’ years of service and benefit plan formulas that varied by plan. The Company’s general funding policy is to make contributions to the plans in amounts that are within the limits of deductibility under current tax regulations, and not less than the minimum contribution required by law.

The Company also sponsors various retiree medical benefit and life insurance plans. The type of retiree benefits and the extent of coverage vary based on employee classification, date of retirement, location, and other factors. All of the Company’s postretirement medical plans are unfunded. The Company explicitly reserves the right to amend or terminate its retiree medical and life insurance plans at any time, subject only to constraints, if any, imposed by the terms of collective bargaining agreements. Amendment or termination may significantly affect the amount of expense incurred.

Obligations and Funded Status

The changes in pension and other postretirement benefit obligations and plan assets during 2012 and 2011, as well as the funded status of the Company’s plans at December 29, 2012 and December 31, 2011, were as follows:


	Pension Benefits						Other Benefits
	2012			2011			2012			2011
	(thousands)
Change in benefit obligation:
Benefit obligation at beginning of year	$	1,365,281		$	1,297,655		$	22,252		$	24,021
Service cost		3,740			2,546			292			227
Interest cost		64,688			70,176			936			1,006
Actuarial loss		100,004			94,656			1,819			(1,334	)
Changes due to exchange rates		—			—			469			(346	)
Benefits paid		(253,165	)		(99,752	)		(1,734	)		(1,322	)

Benefit obligation at end of year	$	1,280,548		$	1,365,281		$	24,034		$	22,252

Change in plan assets:
Fair value of plan assets at beginning of year	$	1,035,731		$	1,117,413		$	—		$	—
Actual return on plan assets		175,489			14,746			—			—
Employer contributions		21,078			3,324			1,734			1,322
Benefits paid		(253,165	)		(99,752	)		(1,734	)		(1,322	)

Fair value of plan assets at end of year	$	979,133		$	1,035,731		$	—		$	—

Funded status	$	(301,415	)	$	(329,550	)	$	(24,034	)	$	(22,252	)

The following table shows the amounts recognized in the Consolidated Balance Sheets related to the Company’s defined benefit pension and other postretirement benefit plans at year-end:


	Pension Benefits						Other Benefits
	2012			2011			2012			2011
	(thousands)
Current liabilities	$	(3,293	)	$	(6,530	)	$	(1,195	)	$	(1,243	)
Noncurrent liabilities		(298,122	)		(323,020	)		(22,839	)		(21,009	)

Net amount recognized	$	(301,415	)	$	(329,550	)	$	(24,034	)	$	(22,252	)

Amounts recognized in accumulated other comprehensive loss consist of:


Net loss	$	481,501	$	548,212	$	6,157		$	4,486
Prior service cost (credit)		—		—		(18,131	)		(22,138	)

Total	$	481,501	$	548,212	$	(11,974	)	$	(17,652	)

The accumulated benefit obligation for all defined benefit pension plans was $1,280.5 million and $1,365.3 million for December 29, 2012 and December 31, 2011, respectively.

Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:


	Pension Benefits
	2012		2011
	(thousands)
Projected benefit obligation	$	1,280,548	$	1,365,281
Accumulated benefit obligation		1,280,548		1,365,281
Fair value of plan assets		979,133		1,035,731

Components of Net Periodic Benefit Cost (Income)

The components of net periodic benefit cost (income) are as follows:


	Pension Benefits									Other Benefits
	2012			2011			2010			2012			2011			2010
	(thousands)
Service cost	$	3,740		$	2,546		$	3,164		$	292		$	227		$	263
Interest cost		64,688			70,176			74,213			936			1,006			1,213
Expected return on plan assets		(83,094	)		(79,289	)		(83,494	)		—			—			—
Recognized actuarial loss		17,954			17,371			13,239			201			220			224
Amortization of prior service credits		—			—			—			(4,008	)		(4,009	)		(4,006	)
Other		—			80			149			—			—			—

Net periodic benefit cost (income)	$	3,288		$	10,884		$	7,271		$	(2,579	)	$	(2,556	)	$	(2,306	)

Other changes in plan assets and benefit obligations recognized in other comprehensive income are as follows:


	Pension Benefits						Other Benefits
	2012			2011			2012			2011
	(thousands)
Accumulated other comprehensive (income) loss at beginning of year	$	548,212		$	406,465		$	(17,652	)	$	(20,093	)
Net loss (gain)		7,610			159,118			1,819			(1,334	)
Reduction due to settlement		(56,367	)		—			—			—
Amortization of net loss		(17,954	)		(17,371	)		(201	)		(220	)
Amortization of prior service credits		—			—			4,008			4,009
Canadian rate adjustment		—			—			52			(14	)

Accumulated other comprehensive (income) loss at end of year	$	481,501		$	548,212		$	(11,974	)	$	(17,652	)

For the defined benefit pension plans, the estimated net loss that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year is $21.3 million. For the other postretirement benefit plans, the estimated net loss and prior service credit that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next fiscal year is $0.4 million and $4.0 million, respectively.

During 2012, our pension plans were amended to provide a one-time special election period during which certain former employees, alternate payees, and beneficiaries could elect to have their pension benefits under the Plan paid as an immediate lump sum payment or an immediately commencing annuity. Approximately 9,800 participants were eligible to elect an immediate lump sum payment or annuity. Of those participants eligible, approximately 300 elected an annuity while approximately 5,600 elected an immediate lump sum payment. The associated distributions by the pension plans from plan funds were approximately $150 million, and resulted in a non-cash pre-tax charge by the Company of $56 million to expense the accumulated loss relating to these participants that otherwise would have been amortized over their life expectancies. This action reduced the pension benefit obligation liability by approximately $190 million.

Assumptions

The assumptions used in accounting for the Company’s plans are estimates of factors including, among other things, the amount and timing of future benefit payments. The following table presents the key weighted average assumptions used in the measurement of the Company’s benefit obligations as of year-end:


							Other Benefits
	Pension Benefits						United States						Canada
	2012			2011			2012			2011			2012			2011
Discount rate		3.88	%		4.93	%		3.10	%		3.70	%		4.00	%		4.50	%

The following table presents the weighted average assumptions used in the measurement of net periodic benefit cost as of year-end:


										Other Benefits
	Pension Benefits									United States									Canada
	2012			2011			2010			2012			2011			2010			2012			2011			2010
Discount rate		4.93	%		5.64	%		6.15	%		3.70	%		4.50	%		5.10	%		4.50	%		5.30	%		6.40	%
Expected long-term return on plan assets		8.20	%		8.20	%		8.20	%		—			—			—			—			—			—

The assumed discount rate (which is required to be the rate at which the projected benefit obligation could be effectively settled as of the measurement date) is based on the rates of return for a theoretical portfolio of high-grade corporate bonds (rated AA- or better) with cash flows that generally match our expected benefit payments in future years. In selecting bonds for this theoretical portfolio, we focus on bonds that match cash flows to benefit payments and limit our concentration of bonds by issuer. To the extent scheduled bond proceeds exceed the estimated benefit payments in a given period, the yield calculation assumes those excess proceeds are reinvested at an assumed forward rate. The implied forward rate used in the bond model is based on the Citigroup Pension Discount Curve as of the last day of the year.

The expected long-term rate of return on plan assets assumption is based on the weighted average of expected returns for the major asset classes in which the plans’ assets are held. Asset-class expected returns are based on long-term historical returns, inflation expectations, forecasted gross domestic product and earnings growth, as well as other economic factors. The weights assigned to each asset class are based on the Company’s investment strategy. The weighted average expected return on plan assets used in the calculation of net periodic pension benefit cost for 2013 is 7.8%.

Obligation and costs related to the Canadian retiree health plan are impacted by changes in trend rates.

The following table presents the assumed healthcare cost trend rates used in measuring the Company’s postretirement benefit obligations at December 29, 2012 and December 31, 2011:


	2012			2011
Weighted average assumptions as of year-end:
Healthcare cost trend rate assumed for next year		6.0	%		6.5	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.0	%		5.0	%
Year that the rate reaches the ultimate trend rate		2015			2015

A one-percentage-point change in the assumed healthcare cost trend rates would impact operating income by approximately $1.5 million.

Plan Assets

The allocation of pension plan assets by category at December 29, 2012 and December 31, 2011 is as follows:


	2012			2011
OfficeMax common stock		1.7	%		1.2	%
U.S. equity securities		31.0	%		27.0	%
International equity securities		15.3	%		10.3	%
Global equity securities		11.3	%		15.8	%
Fixed-income securities		40.7	%		45.7	%

		100	%		100	%

The Company’s Retirement Funds Investment Committee is responsible for establishing and overseeing the implementation of the investment policy for the Company’s pension plans. The investment policy is structured to optimize growth of the pension plan trust assets, while minimizing the risk of significant losses, in order to enable the plans to satisfy their benefit payment obligations over time. Plan assets are invested primarily in OfficeMax common stock, U.S. equities, global equities, international equities and fixed-income securities. The Company uses benefit payments and Company contributions as its primary rebalancing mechanisms to maintain the asset class exposures within the guideline ranges established under the investment policy.

The current asset allocation guidelines set forth an OfficeMax common stock range of 0% to 15%, a U.S. equity range of 25% to 35%, an international equity range of 9% to 19%, a global equity range of 6% to 16% and a fixed-income range of 38% to 48%. Asset-class positions within the ranges are continually evaluated and adjusted based on expectations for future returns, the funded position of the plans and market risks. Occasionally, the Company may utilize futures or other financial instruments to alter the pension trust’s exposure to various asset classes in a lower-cost manner than trading securities in the underlying portfolios.

In 2009, we contributed 8.3 million shares of OfficeMax common stock to our qualified pension plans, which are managed by an independent fiduciary. At the end of 2012, the plan held 1.7 million shares with a value of $16.2 million.

Generally, quoted market prices are used to value pension plan assets. Equities, some fixed-income securities, publicly traded investment funds, and U.S. government obligations are valued by reference to published market prices. Investments in certain restricted stocks are valued at the quoted market price of the issuer’s unrestricted common stock less an appropriate discount. If a quoted market price for unrestricted common stock of the issuer is not available, restricted common stocks are valued at a multiple of current earnings less an appropriate discount. The multiple chosen is consistent with multiples of similar companies based on current market prices.

The following table presents the pension plan assets by level within the fair value hierarchy as of December 29, 2012.


	Level 1		Level 2		Level 3
	(thousands)
Money market funds	$	—	$	26,244	$	—
Equity securities:
OfficeMax common stock		16,232		—		—
U.S. large-cap		19,184		—		—
U.S. small and mid-cap		7,855		—		—
International		78,446		—		—
Fixed-Income:
Corporate bonds		—		326,344		—
Government securities		—		13,378		—
Other fixed-income		—		29,286		—
Other:
Equity mutual funds		—		453,458		—
Group annuity contracts		—		—		6,187
Other, including plan receivables and payables		2,519		—		—

	$	124,236	$	848,710	$	6,187

The following table presents the pension plan assets by level within the fair value hierarchy as of December 31, 2011.


	Level 1		Level 2		Level 3
	(thousands)
Money market funds	$	—	$	19,280	$	—
Equity securities:
OfficeMax common stock		12,585		—		—
U.S. large-cap		53,629		—		—
U.S. small and mid-cap		13,529		—		—
International		84,647		—		—
Fixed-Income:
Corporate bonds		—		421,027		—
Government securities		—		7,785		—
Other fixed-income		—		24,907		—
Other:
Equity mutual funds		—		385,862		—
Group annuity contracts		—		—		5,662
Other, including plan receivables and payables		5,665		1,153		—

	$	170,055	$	860,014	$	5,662

The following is a reconciliation of the change in fair value of the pension plan assets calculated based on Level 3 inputs:


	Total
	(thousands)
Balance at December 31, 2011	$	5,662
Benefit payments and administrative expenses		(9	)
Invesment income and net appreciation in investments		534

Balance at December 31, 2012	$	6,187

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Cash Flows

Pension plan contributions include required statutory minimum amounts and, in some years, additional discretionary amounts. During 2012, 2011 and 2010, the Company made cash contributions to its pension plans totaling $21.1 million, $3.3 million and $3.4 million, respectively. Pension contributions for 2013 are estimated to be $3.3 million. The Company may elect at any time to make additional voluntary contributions.

Qualified pension benefit payments are paid from the assets held in the plan trust, while nonqualified pension and other benefit payments are paid by the Company. Future benefit payments by year are estimated to be as follows:


	Pension Benefits		Other Benefits
	(thousands)
2013	$	95,892	$	1,195
2014		94,316		1,166
2015		92,106		1,140
2016		90,218		1,126
2017		88,242		1,126
2018-2022		410,655		5,577

Defined Contribution Plans

The Company also sponsors defined contribution plans for most of its employees. Through 2004, the Company sponsored four contributory defined contribution savings plans for most of its salaried and hourly employees: a plan for Retail employees, a plan for non-Retail salaried employees, a plan for union hourly employees, and a plan for non-Retail, nonunion hourly employees. The plan for non-Retail salaried employees included an employee stock ownership plan (“ESOP”) component and the Company’s Series D ESOP convertible preferred stock were fully allocated to eligible participants in prior years. Total Company contributions to the defined contribution savings plans were $6.1 million in 2012, $7.0 million in 2011 and $3.2 million in 2010.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Shareholders' Equity

12 Months Ended

Dec. 29, 2012

Shareholders' Equity

13.

Shareholders’ Equity

Preferred Stock

At December 29, 2012, 608,693 shares of 7.375% Series D ESOP convertible preferred stock were outstanding, compared with 638,353 shares outstanding at December 31, 2011. The Series D ESOP convertible preferred stock is shown in the Consolidated Balance Sheets at its liquidation preference of $45 per share. All shares outstanding have been allocated to participants in the plan. Each ESOP preferred share is entitled to one vote, bears an annual cumulative dividend of $3.31875 per share and is convertible at any time by the trustee to 0.82168 share of common stock per share of preferred stock. Upon redemption, ESOP participants receive $45 of cash or common stock and cash, at the Company’s election, for each ESOP preferred share, as the ESOP preferred shares may not be redeemed for less than the liquidation preference.

Common Stock

The Company is authorized to issue 200,000,000 shares of common stock, of which 86,883,521 shares were issued and outstanding at December 29, 2012. Of the unissued shares, 9,352,668 shares were reserved for the following purposes:


Conversion or redemption of Series D ESOP preferred stock			875,987
Issuance under 2003 OfficeMax Incentive and Performance Plan			8,410,834
Issuance under Director Stock Compensation Plan			7,475
Issuance under 2001 Key Executive Deferred Compensation Plan			1,185
Issuance under 2003 Director Stock Compensation Plan			57,187

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) includes the following:


	Pension and Postretirement Liability Adjustment			Foreign Currency Translation Adjustment			Unrealized Hedge Loss Adjustment			Accumulated Other Comprehensive Income (Loss)
	(thousands)
Balance at December 25, 2010	$	(236,823	)	$	141,954		$	(884	)	$	(95,753	)
Current-period changes, before taxes		(144,236	)		(6,195	)		1,435			(148,996	)
Income taxes		55,482			—			(394	)		55,088

Balance at December 31, 2011	$	(325,577	)	$	135,759		$	157		$	(189,661	)
Current-period changes, before taxes		60,732			15,170			(203	)		75,699
Income taxes		(23,605	)		—			46			(23,559	)

Balance at December 29, 2012	$	(288,450	)	$	150,929		$	—		$	(137,521	)

Share-Based Payments

The Company sponsors several share-based compensation plans, which are described below. The Company recognizes compensation expense from all share-based payment transactions with employees in the consolidated financial statements at fair value. Pre-tax compensation costs related to the Company’s share-based plans were $10.3 million, $16.7 million and $13.2 million for 2012, 2011 and 2010, respectively. Compensation expense is generally recognized on a straight-line basis over the vesting period of grants. The total income tax benefit recognized in the Consolidated Statement of Operations for share-based compensation arrangements was $4.0 million, $6.5 million and $5.1 million for 2012, 2011 and 2010, respectively.

2003 Director Stock Compensation Plan and OfficeMax Incentive and Performance Plan

In February 2003, the Company’s Board of Directors adopted the 2003 Director Stock Compensation Plan (the “2003 DSCP”) and the 2003 OfficeMax Incentive and Performance Plan (the “2003 Plan,” formerly named the 2003 Boise Incentive and Performance Plan), which were approved by shareholders in April 2003. At December 29, 2012, a total of 57,187 shares of common stock were reserved for issuance under the 2003 DSCP, and a total of 8,410,834 shares of common stock were reserved for issuance under the 2003 Plan.

The 2003 Plan was effective January 1, 2003, and replaced the Key Executive Performance Plan for Executive Officers, Key Executive Performance Plan for Key Executives/Key Managers, Key Executive Stock Option Plan (“KESOP”), Key Executive Performance Unit Plan (“KEPUP”) and Director Stock Option Plan (“DSOP”). No further grants or awards have been made under the Key Executive Performance Plans, KESOP, KEPUP or DSOP since 2003.

The Company’s executive officers, key employees and nonemployee directors are eligible to receive awards under the 2003 Plan at the discretion of the Executive Compensation Committee of the Board of Directors. Eight types of awards may be granted under the 2003 Plan, including stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, performance shares, annual incentive awards and stock bonus awards.

Restricted Stock and Restricted Stock Units

Restricted stock is restricted until it vests and cannot be sold by the recipient until its restrictions have lapsed. Each restricted stock unit (“RSU”) is convertible into one share of common stock after its restrictions have lapsed. The Company recognizes compensation expense related to these awards over the vesting periods based on the awards’ grant date fair values. The Company calculates the grant date fair value of the RSU awards by multiplying the number of RSUs by the closing price of the Company’s common stock on the grant date. If these awards contain performance criteria the grant date fair value is set assuming performance at target, and management periodically reviews actual performance against the criteria and adjusts compensation expense accordingly. Pre-tax compensation expense and additional paid-in capital related to restricted stock and RSU awards was $2.2 million, $5.6 million and $8.0 million for 2012, 2011 and 2010, respectively. The remaining compensation expense to be recognized related to outstanding restricted stock and RSUs, net of estimated forfeitures, is approximately $0.9 million. The remaining compensation expense is to be recognized through the first quarter of 2015.

A summary of restricted stock and RSU activity for fiscal years 2012, 2011 and 2010 is presented in the following table:


	Shares			Weighted-Average Grant Date Fair Value Per Share
Nonvested, December 26, 2009		1,929,945		$	16.24
Granted		872,534			13.81
Vested		(1,492	)		33.70
Forfeited		(689,852	)		20.34

Nonvested, December 25, 2010		2,111,135		$	13.89
Granted		648,224			12.17
Vested		(1,047,406	)		15.77
Forfeited		(223,703	)		11.64

Nonvested, December 31, 2011		1,488,250		$	12.15
Granted		653,385			5.66
Vested		(694,293	)		8.97
Forfeited		(129,586	)		11.18

Nonvested, December 29, 2012		1,317,756		$	10.70

Restricted stock and RSUs are not included as shares outstanding in the calculation of basic earnings per share, but, except as described below, are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive. In the above table, nonvested RSUs outstanding at the end of 2012 include 96,755 and 349,229 shares of performance-based RSUs granted in 2010 and 2011, respectively, that were to be forfeited after the end of 2012 because the performance measures with the respect to those RSUs were not met. However, nonvested RSUs outstanding at the end of 2012 in the above table, do not include 433,460 shares of performance-based RSUs that were reserved for issuance in 2012 but associated performance measures were not established. Therefore, they are not considered granted or outstanding. All of those RSUs have been excluded from the number of shares used to calculate diluted earnings per share. When the restriction lapses on restricted stock, the par value of the stock is reclassified from additional paid-in-capital to common stock. When the restriction lapses on RSUs, the units are converted to unrestricted shares of our common stock and the par value of the stock is reclassified from additional paid-in-capital to common stock. Unrestricted shares are included in shares outstanding for purposes of calculating both basic and diluted earnings per share. Depending on the terms of the applicable grant agreement, restricted stock and RSUs may be eligible to accrue all dividends declared on the Company’s common stock during the vesting period; however, such dividends are not paid until the restrictions lapse.

Stock Units

The Company previously had a shareholder approved deferred compensation program for certain of its executive officers that allowed them to defer a portion of their cash compensation. Previously, these executive officers could allocate their deferrals to a stock unit account. Each stock unit is equal in value to one share of the Company’s common stock. The Company matched deferrals used to purchase stock units with a 25% Company allocation of stock units. The value of deferred stock unit accounts is paid in shares of the Company’s common stock when an executive officer retires or terminates employment. There were 1,185 and 2,441 stock units allocated to the accounts of these executive officers at December 29, 2012 and December 31, 2011, respectively. As a result of an amendment to the plan, no additional deferrals can be allocated to the stock unit accounts.

Stock Options

The Company’s stock options are issued with an exercise price equal to fair market value on the grant date and typically expire within seven years of the grant date. Stock options granted under the OfficeMax Incentive and Performance Plan generally vest over a three year period. In 2012, 2011 and 2010, the Company recognized $8.1 million, $11.1 million and $5.2 million, respectively, of pre-tax compensation expense and additional paid-in capital related to stock options. The remaining compensation expense to be recognized related to outstanding stock options, net of estimated forfeitures, is approximately $5.3 million. The remaining compensation expense is to be recognized through the fourth quarter of 2015.

A summary of stock option activity for fiscal years 2012, 2011 and 2010 is presented in the following table:


	2012					2011					2010
	Shares			Wtd. Avg. Ex. Price		Shares			Wtd. Avg. Ex. Price		Shares			Wtd. Avg. Ex. Price
Balance at beginning of year		4,816,552		$	16.86		4,313,290		$	16.52		3,249,773		$	15.14
Options granted		2,087,453			5.72		1,457,280			13.33		2,060,246			16.24
Options exercised		(212,441	)		4.84		(405,988	)		4.80		(408,519	)		4.80
Options forfeited and expired		(1,478,826	)		25.03		(548,030	)		13.80		(588,210	)		16.02

Balance at end of year		5,212,738		$	10.57		4,816,552		$	16.86		4,313,290		$	16.52

Exercisable at end of year		2,043,625					2,122,136					1,301,257
Weighted average fair value of options granted (Black-Scholes)	$	3.27				$	7.07				$	8.08

The following table provides summarized information about stock options outstanding at December 29, 2012:


	Options Outstanding						Options Exercisable
Range of Exercise Prices	Options Outstanding		Weighted Average Contractual Life (Years)		Weighted Average Exercise Price		Options Exercisable		Weighted Average Exercise Price
$2.50		11,171		—	$	2.50		11,171	$	2.50
$4.00 – $9.99		2,839,791		5.5		5.50		705,713		4.83
$10.00 – $16.00		666,084		4.2		14.04		423,971		14.26
$16.00 – $17.00		704,692		5.1		16.86		236,770		16.86
$18.00 – $19.00		975,000		4.9		18.15		650,000		18.15
$24.00 – $37.00		16,000		1.6		30.37		16,000		30.37

At December 29, 2012, the aggregate intrinsic value was $10.8 million for outstanding stock options and $3.2 million for those stock options that were exercisable. The aggregate intrinsic value represents the total pre-tax intrinsic value (i.e. the difference between the Company’s closing stock price on the last trading day of fiscal year 2012 and the exercise price, multiplied by the number of in-the-money stock options at the end of the quarter).

In 2012, the Company granted stock options for 2,087,453 shares of our common stock and estimated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: risk-free interest rate of 1.41%, expected life of 4.5 years and expected stock price volatility of 72.59%.

In 2011, the Company granted stock options for 1,457,280 shares of our common stock and estimated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: risk-free interest rate of 1.92%, expected life of 4.5 years and expected stock price volatility of 65.17%.

In 2010, the Company granted stock options for 2,060,246 shares of our common stock and estimated the fair value of each stock option award on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: risk-free interest rate of 2.12%, expected life of 3.7 years and expected stock price volatility of 67.21%.

The risk-free interest rate assumptions are based on the applicable U.S. Treasury Bill rates over the options’ expected lives; the expected life assumptions are based on the time period stock options are expected to be outstanding based on historical experience; and the expected stock price volatility assumptions are based on the historical and implied volatility of the Company’s common stock.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Segment Information

12 Months Ended

Dec. 29, 2012

Segment Information

14.

Segment Information

The Company manages its business using three reportable segments: Contract, Retail, and Corporate and Other. Management reviews the performance of the Company based on these segments.

Contract distributes a broad line of items for the office, including office supplies and paper, technology products and solutions, office furniture, print and document services and facilities products. Contract sells directly to large corporate and government offices, as well as to small and medium-sized offices in the United States, Canada, Australia and New Zealand. This segment markets and sells through field salespeople, outbound telesales, catalogs, the Internet and in some markets, including Canada, Australia and New Zealand, through office products stores. Substantially all products sold by Contract are purchased from third-party manufacturers or industry wholesalers. Contract purchases office papers for its businesses in the U.S., Canada, and Puerto Rico primarily from Boise White Paper, L.L.C., under a paper supply contract entered into on June 25, 2011. (For additional information related to the paper supply contract, see Note 15, “Commitments and Guarantees”.)

Retail is a retail distributor of office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products. In addition, this segment contracts with large national retail chains to supply office and school supplies to be sold in their stores. Retail office supply stores feature OfficeMax ImPress, an in-store module devoted to print-for-pay and related services. Retail has operations in the United States, Puerto Rico and the U.S. Virgin Islands. Retail also operates office products stores in Mexico through Grupo OfficeMax. Substantially all products sold by Retail are purchased from third-party manufacturers or industry wholesalers. Retail purchases office papers for its U.S. businesses primarily from Boise White Paper, L.L.C., under the paper supply contract described above.

Corporate and Other includes corporate support staff services and certain other legacy expenses as well as the related assets and liabilities. The income and expense related to certain assets and liabilities that are reported in the Corporate and Other segment have been allocated to the Contract and Retail segments.

Management evaluates the segments’ performances using segment income (loss) which is based on operating income (loss) after eliminating the effect of certain operating items that are not indicative of our core operations such as facility closures and adjustments, asset impairments, severances and accelerated pension expense related to participant settlements. These certain operating items are reported on the asset impairments and other operating expenses, net lines in the Consolidated Statements of Operations.

The following table summarizes by geography, net sales for fiscal years 2012, 2011 and 2010, and non-current assets at each year-end:


	2012		2011		2010
	(thousands)
Net sales
United States	$	5,491,976	$	5,671,738	$	5,770,036
Foreign		1,428,408		1,449,429		1,379,971

Total	$	6,920,384	$	7,121,167	$	7,150,007

Non-current assets
United States	$	1,660,961	$	1,992,674	$	1,924,982
Foreign		139,470		137,627		139,661

Total	$	1,800,431	$	2,130,301	$	2,064,643

There is no single customer that accounts for 10% or more of consolidated trade sales.

Segment sales to external customers by product line are as follows:


	2012		2011		2010
	(thousands)
Contract
Office supplies and paper	$	2,061,908	$	2,076,052	$	2,086,629
Technology products		1,130,564		1,142,168		1,185,461
Office furniture		413,288		405,857		362,154

Total	$	3,605,760	$	3,624,077	$	3,634,244

Retail
Office supplies and paper	$	1,411,522	$	1,437,304	$	1,468,646
Technology products		1,670,302		1,824,956		1,834,630
Office furniture		232,800		234,830		212,487

Total	$	3,314,624	$	3,497,090	$	3,515,763

Total OfficeMax
Office supplies and paper	$	3,473,430	$	3,513,356	$	3,555,275
Technology products		2,800,866		2,967,124		3,020,091
Office furniture		646,088		640,687		574,641

Total	$	6,920,384	$	7,121,167	$	7,150,007

The following tables contain details of the Company’s operations by segment:


	Sales		Segment income (loss)			Asset impairments			Other operating expenses, net			Operating income (loss)
	(thousands)
Year ended December 29, 2012
Contract	$	3,605,760	$	102,403		$	—		$	(28,436	)	$	73,967
Retail		3,314,624		69,867			(11,376	)		(41,430	)		17,061
Corporate and Other		—		(33,058	)		—			(33,692	)		(66,750	)

Total	$	6,920,384	$	139,212		$	(11,376	)	$	(103,558	)	$	24,278

Year ended December 31, 2011
Contract	$	3,624,077	$	77,681		$	—		$	(13,984	)	$	63,697
Retail		3,497,090		75,293			(11,197	)		(5,858	)		58,238
Corporate and Other		—		(34,761	)		—			(688	)		(35,449	)

Total	$	7,121,167	$	118,213		$	(11,197	)	$	(20,530	)	$	86,486

Year ended December 25, 2010
Contract	$	3,634,244	$	94,342		$	—		$	(60	)	$	94,282
Retail		3,515,763		103,903			(10,979	)		(12,505	)		80,419
Corporate and Other		—		(37,723	)		—			9,488			(28,235	)

Total	$	7,150,007	$	160,522		$	(10,979	)	$	(3,077	)	$	146,466

Interest expense, interest income, and other income (expense), net are not recorded by segments.

The following table contains details of other selected items by segment.


	Other selected items
	Depreciation and amortization		Capital expenditures		Assets
	(thousands)
Year ended December 29, 2012
Contract	$	30,943	$	39,292	$	1,094,411
Retail		40,897		47,312		1,157,158
Corporate and Other		2,284		574		1,532,746

Total	$	74,124	$	87,178	$	3,784,315

Year ended December 31, 2011
Contract	$	30,587	$	25,964	$	1,001,161
Retail		50,550		35,831		1,240,541
Corporate and Other		3,081		7,837		1,827,573

Total	$	84,218	$	69,632	$	4,069,275

Year ended December 25, 2010
Contract	$	51,630	$	61,165	$	1,039,800
Retail		49,283		32,346		1,209,635
Corporate and Other		23		—		1,829,494

Total	$	100,936	$	93,511	$	4,078,929

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Guarantees

12 Months Ended

Dec. 29, 2012

Commitments and Guarantees

15.

Commitments and Guarantees

Commitments

On June 25, 2011, we entered into a new paper supply contract with Boise White Paper, L.L.C. (“Boise”), under which we have agreed to purchase office papers from Boise, and Boise has agreed to supply office papers to us, subject to the terms and conditions of the paper supply contract. The new paper supply contract replaced the previous supply contract executed in 2004 with Boise.

The paper supply contract requires us to purchase from Boise and Boise to sell to us virtually all of our North American requirements for office paper, subject to certain conditions. After 2012, the paper supply contract provides us more flexibility to purchase paper from paper producers other than Boise. The paper supply contract’s term will expire on December 31, 2017, followed by a gradual reduction of the Company’s purchase requirements over a two year period thereafter. However, if certain circumstances occur, the term may be terminated earlier, beginning as early as December 31, 2013. If the term ends December 31, 2013 or a later date, it will be followed by a gradual reduction of the Company’s purchase requirements over a two year period. Purchases under the agreement were $645.5 million, $630.1 million and $615.6 million for 2012, 2011 and 2010, respectively.

In accordance with an amended and restated joint venture agreement, the minority owner of Grupo OfficeMax, our joint-venture in Mexico, can elect to require OfficeMax to purchase the minority owner’s 49% interest in the joint venture if certain earnings targets are achieved. Earnings targets are calculated quarterly on a rolling four-quarter basis. Accordingly, the targets may be achieved in one quarter but not in the next. If the earnings targets are achieved and the minority owner elects to require OfficeMax to purchase the minority owner’s interest, the purchase price is based on the joint venture’s earnings and the current market multiples of similar companies. At the end of 2012, Grupo OfficeMax met the earnings targets and the estimated purchase price of the minority owner’s interest was $43.7 million. This represents an increase in the estimated purchase price from the prior year which is attributable to higher market multiples for similar companies as of the measurement date and higher earnings for Grupo OfficeMax. As the estimated purchase price was greater than the carrying value of the noncontrolling interest as of the end of the year, the Company recorded an adjustment to state the noncontrolling interest at the estimated purchase price, and, as the estimated purchase price approximates fair value, the offset was recorded to additional paid-in capital.

Guarantees

The Company provides guarantees, indemnifications and assurances to others.

Indemnification obligations may arise from the Asset Purchase Agreement between OfficeMax Incorporated, OfficeMax Southern Company, Minidoka Paper Company, Forest Products Holdings, L.L.C. and Boise Land & Timber Corp. The Company has agreed to provide indemnification with respect to a variety of obligations. These indemnification obligations are subject, in some cases, to survival periods, deductibles and caps. At December 29, 2012, the Company is not aware of any material liabilities arising from these indemnifications.

There are seven operating leases that have been assigned to other parties but for which the Company remains contingently liable in the event of nonpayment by the other parties. The lease terms vary and, assuming exercise of renewal options, extend through 2019. Annual rental payments under these leases are approximately $3.5 million.

The Company and its affiliates enter into a wide range of indemnification arrangements in the ordinary course of business. These include tort indemnifications, tax indemnifications, officer and director indemnifications against third-party claims arising out of arrangements to provide services to the Company and indemnifications in merger and acquisition agreements. It is impossible to quantify the maximum potential liability under these indemnifications. At December 29, 2012, the Company is not aware of any material liabilities arising from these indemnifications.

Legal Proceedings and Contingencies

12 Months Ended

Dec. 29, 2012

Legal Proceedings and Contingencies

16.

Legal Proceedings and Contingencies

OfficeMax Incorporated and certain of its subsidiaries are named as defendants in a number of lawsuits, claims and proceedings arising out of the operation of the paper and forest products assets prior to the closing of the 2004 sale transaction, for which OfficeMax agreed to retain responsibility. Also, as part of the sale, we agreed to retain responsibility for all pending or threatened proceedings and future proceedings alleging asbestos-related injuries arising out of the operation of the paper and forest products assets prior to the closing of the sale. We do not believe any of these retained proceedings are material to our business.

We have been notified that we are a “potentially responsible party” under the Comprehensive Environmental Response Compensation and Liability Act (“CERCLA”) or similar federal and state laws, or have received a claim from a private party, with respect to certain sites where hazardous substances or other contaminants are or may be located. These sites relate to operations either no longer owned by the Company or unrelated to its ongoing operations. For sites where a range of potential liability can be determined, we have established appropriate reserves. We cannot predict with certainty the total response and remedial costs, our share of the total costs, the extent to which contributions will be available from other parties or the amount of time necessary to complete the cleanups. Based on our investigations; our experience with respect to cleanup of hazardous substances; the fact that expenditures will, in many cases, be incurred over extended periods of time; and in some cases, the number of solvent potentially responsible parties, we do not believe that the known actual and potential response costs will, in the aggregate, materially affect our financial position, results of operations or cash flows.

Over the past several years and continuing in the current year, we have been named a defendant in a number of cases where the plaintiffs allege asbestos-related injuries from exposure to asbestos products or exposure to asbestos while working at job sites. The claims vary widely and often are not specific about the plaintiffs’ contacts with the Company. None of the claimants seeks damages from us individually, and we are generally one of numerous defendants. Many of the cases filed against us have been voluntarily dismissed, although we have settled some cases. The settlements we have paid have been covered mostly by insurance, and we believe any future settlements or judgments in these cases would be similarly covered. To date, no asbestos case against us has gone to trial, and the nature of these cases makes any prediction as to the outcome of pending litigation inherently subjective. At this time, however, we believe our involvement in asbestos litigation is not material to either our financial position or our results of operations.

Quarterly Results of Operations

12 Months Ended

Dec. 29, 2012

Quarterly Results of Operations

17.

Quarterly Results of Operations (unaudited)

Summarized quarterly financial data is as follows:


	2012												2011
	First(a)			Second			Third(b)			Fourth(c)			First			Second(d)			Third			Fourth(e)
	($ in millions, except per-share and stock price information)
Sales	$	1,872.9		$	1,602.4		$	1,744.6		$	1,700.5		$	1,863.0		$	1,647.6		$	1,774.8		$	1,835.8
Gross Profit	$	482.8		$	409.5		$	460.4		$	431.8		$	474.5		$	425.1		$	459.7		$	449.9
Percent of sales		25.8	%		25.6	%		26.4	%		25.4	%		25.5	%		25.8	%		25.9	%		24.5	%
Operating income	$	17.8		$	23.1		$	33.5		$	(50.1	)	$	28.6		$	4.0		$	41.3		$	12.6
Net income (loss) available to OfficeMax common shareholders	$	4.9		$	10.7		$	433.0		$	(33.9	)	$	11.4		$	(3.0	)	$	21.5		$	2.9
Net income (loss) per common share available to OfficeMax common shareholders(f)
Basic	$	0.06		$	0.12		$	5.00		$	(0.39	)	$	0.13		$	(0.04	)	$	0.25		$	0.03
Diluted	$	0.06		$	0.12		$	4.92		$	(0.39	)	$	0.13		$	(0.04	)	$	0.25		$	0.03
Common stock dividends paid per share		—			—		$	0.02		$	0.02			—			—			—			—
Common stock prices(g)
High	$	6.33		$	5.95		$	8.33		$	10.62		$	18.95		$	14.36		$	8.82		$	5.93
Low	$	4.46		$	4.10		$	4.20		$	7.04		$	12.24		$	6.05		$	4.46		$	3.90

(a)	Includes a $25.3 million pre-tax charge related to retail store closures in the U.S.

(b)	Includes a $670.8 million pre-tax gain related to an agreement that legally extinguished our non-recourse debt guaranteed by Lehman and a $9.8 million non-cash pre-tax charge to impair fixed assets associated with our retail stores in the U.S.

(c)

Includes a $56.4 million pre-tax charge for acceleration of pension expense related to participant settlements, $14.1 million pre-tax charge related to retail store closures, $6.2 million of pre-tax charges related to severance and other costs associated with restructuring, and a $1.6 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores, primarily in Mexico.

(d)	Includes a $5.6 million pre-tax charge related to retail store closures in the U.S., and $8.3 million of pre-tax charges for severance.

(e)	Includes an $11.2 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in the U.S. and $6.6 million of pre-tax charges for severance.

(f)	Quarters added together may not equal full year amount because each quarter is calculated on a stand-alone basis.

(g)	The Company’s common stock (symbol OMX) is traded on the New York Stock Exchange.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

Subsequent Events

12 Months Ended

Dec. 29, 2012

Subsequent Events

18.

Subsequent Events

On February 20, 2013, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Office Depot, Inc. and certain other parties. In accordance with the Merger Agreement, each share of OfficeMax Incorporated common stock issued and outstanding immediately prior to the Second Effective Time (as defined in the Merger Agreement), other than shares to be cancelled pursuant to the terms of the Merger Agreement, shall be converted into the right to receive 2.69 shares of Office Depot, Inc. common stock, together with cash in lieu of fractional shares, if any, and unpaid dividends and distributions, if any.

The completion of the proposed merger is subject to various customary conditions, including among others (i) shareholder approval by both companies, (ii) expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, and (iii) effectiveness of a registration statement registering Office Depot, Inc. common stock.

The Merger Agreement contains certain termination rights for both parties, and further provides for the payment of fees and expenses upon termination under specified circumstances. The proposed merger is expected to be completed by December 31, 2013.

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 29, 2012
Nature of Operations	*Nature of Operations* OfficeMax Incorporated (“OfficeMax,” the “Company”, “we” or “our”) is a leader in both business-to-business and retail office products distribution. The Company provides office supplies and paper, print and document services, technology products, solutions and office furniture and facilities products to large, medium and small businesses, government offices and consumers. OfficeMax customers are served by approximately 29,000 associates through direct sales, catalogs, the Internet and a network of retail stores located throughout the United States, Canada, Australia, New Zealand and Mexico. The Company’s common stock is traded on the New York Stock Exchange under the ticker symbol OMX. The Company’s corporate headquarters is located in Naperville, Illinois, and the OfficeMax website address is www.officemax.com. The Company manages its business using three reportable segments: OfficeMax, Contract (“Contract segment” or “Contract”); OfficeMax, Retail (“Retail segment” or “Retail”); and Corporate and Other. The Contract segment markets and sells office supplies and paper, technology products and solutions, office furniture, print and document services and facilities products directly to large corporate and government offices, as well as to small and medium-sized offices through field salespeople, outbound telesales, catalogs, the Internet and, primarily in foreign markets, through office products stores. The Retail segment markets and sells office supplies and paper, print and document services, technology products and solutions and office furniture to small and medium-sized businesses and consumers through a network of retail stores. Management reviews the performance of the Company based on these segments. We present information pertaining to our segments in Note 14, “Segment Information”.
Consolidation	*Consolidation* The consolidated financial statements include the accounts of OfficeMax and all majority owned subsidiaries, except our 88%-owned subsidiary that formerly owned assets in Cuba that were confiscated by the Cuban government in the 1960’s, which is accounted for as an investment due to various asset restrictions. We also consolidate the variable interest entities in which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation.
Fiscal Year	*Fiscal Year* The Company’s fiscal year-end is the last Saturday in December. Fiscal year 2012 ended on December 29, 2012, fiscal year 2011 ended on December 31, 2011, and fiscal year 2010 ended on December 25, 2010. Due primarily to statutory requirements, the Company’s international businesses maintain calendar years with December 31 year-ends, with the exception of, Grupo OfficeMax S. de R.L. de C.V. (“Grupo OfficeMax”), our majority-owned joint-venture in Mexico, for which the fiscal year-end is the last Saturday in December beginning with the 2012 fiscal year. Grupo OfficeMax reported one month in arrears in 2011 and 2010. This practice was discontinued in 2012, resulting in fiscal year 2012 including 13 months for Grupo OfficeMax. This change in accounting policy did not have a material impact on the Company’s financial statements, and, therefore, prior year’s amounts have not been restated. Due to the use of a fiscal year that does not agree to a calendar month end, fiscal year 2011 included 53 weeks for our U.S. businesses. Fiscal years 2012 and 2010 included 52 weeks for our U.S. businesses.
Use of Estimates	*Use of Estimates* The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures about contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results are likely to differ from those estimates, but management does not believe such differences will materially affect the Company’s financial position, results of operations or cash flows. Significant items subject to such estimates and assumptions include the recognition of vendor rebates and allowances; the carrying amount of intangibles and long lived assets; inventories; income tax assets and liabilities; facility closure reserves; self insurance; environmental and asbestos liabilities; and assets and obligations related to employee benefits including the pension plans.
Foreign Currency Translation	*Foreign Currency Translation* Local currencies are considered the functional currencies for the Company’s operations outside the United States. Assets and liabilities of foreign operations are translated into U.S. dollars at the rate of exchange in effect at the balance sheet date with the related translation adjustments reported in shareholders’ equity as a component of accumulated other comprehensive loss. Revenues and expenses are translated into U.S. dollars at average monthly exchange rates prevailing during the year. Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in the Consolidated Statements of Operations in the periods they occur.
Revenue Recognition	*Revenue Recognition* Revenue from the sale of products is recognized at the time both title and the risk of ownership are transferred to the customer, which generally occurs upon delivery to the customer or third-party delivery service for contract, catalog and Internet sales, and at the point of sale for retail transactions. Service revenue is recognized as the services are rendered. Revenue is reported less an appropriate provision for returns and net of coupons, rebates and other sales incentives. The Company offers rebate programs to some of its Contract customers. Customer rebates are recorded as a reduction in sales and are accrued as earned by the customer. Revenue from the sale of extended warranty contracts is reported on a commission basis at the time of sale, except in a limited number of states where state law specifies the Company as the legal obligor. In such states, the revenue from the sale of extended warranty contracts is recorded at the gross amount and recognized ratably over the contract period. The performance obligations and risk of loss associated with extended warranty contracts sold by the Company are assumed by an unrelated third party. Costs associated with these contracts are recognized in the same period as the related revenue. Fees for shipping and handling charged to customers in connection with sale transactions are included in sales. Costs related to shipping and handling are included in cost of goods sold and occupancy costs. Taxes collected from customers are accounted for on a net basis and are excluded from sales.
Cost of goods sold and occupancy costs	*Cost of goods sold and occupancy costs:* Cost of goods sold and occupancy costs include inventory costs, net of estimable vendor allowances and rebates, cash discounts on purchased inventory, freight costs to bring merchandise to our stores and warehouses, delivery costs to bring merchandise to our customers, provisions for inventory value and physical adjustments, as well as occupancy costs, including depreciation or facility rent of inventory-holding and selling locations and related utilities, real estate taxes and building repairs and maintenance expense. Freight and delivery costs include all costs, including payroll, associated with our Retail (PowerMax) distribution centers and all private fleet and third party transportation services, including Company delivery personnel.
Operating, selling and general and administrative expenses	*Operating, selling and general and administrative expenses:* Operating, selling and general and administrative expenses include employee payroll, payroll taxes and benefits and other expenses related to selling activities, distribution center activities in our Contract segment such as picking/packing and shipping/receiving, as well as management and staff functions, such as information technology, human resources, finance, legal, merchandising and product development functions. Expenses related to selling activities include costs associated with store personnel, advertising, sales force personnel and other selling activities. Operating, selling and general and administrative expenses also include expenses and income related to our frozen pension plans and other legacy operating activities, such as dividends related to our investment in Boise Cascade Holdings, L.L.C.
Cash and Cash Equivalents	*Cash and Cash Equivalents* Cash equivalents include short-term debt instruments that have an original maturity of three months or less at the date of purchase. The Company’s banking arrangements allow the Company to fund outstanding checks when presented to the financial institution for payment. This cash management practice frequently results in a net cash overdraft position for accounting purposes, which occurs when total issued checks exceed available cash balances at a single financial institution. The Company records its outstanding checks and bank overdrafts in accounts payable in the Consolidated Balance Sheets. The impact of outstanding checks and bank overdrafts are reported in cash provided by operations and cash used for financing, respectively, in the Consolidated Statements of Cash Flows.
Accounts Receivable	*Accounts Receivable* Accounts receivable relate primarily to amounts owed by customers for trade sales of products and services and amounts due from vendors under volume purchase rebate, cooperative advertising and various other marketing programs. An allowance for doubtful accounts is recorded to provide for estimated losses resulting from uncollectible accounts, and is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. Management believes that the Company’s exposure to credit risk associated with accounts receivable is limited due to the size and diversity of its customer and vendor base, which extends across many different industries and geographic regions. In the fourth quarter of 2011, we became aware of financial difficulties at one of our large Contract customers. We granted the customer extended payment terms and implemented creditor oversight provisions. The receivable from this customer was $30 million at December 29, 2012, and the customer is paying according to the agreed upon terms. Substantially all of this balance has been collected to date. Based on our ongoing sales to this customer, we continue to carry similar receivable balances, which we monitor closely. At December 29, 2012 and December 31, 2011, the Company had allowances for doubtful accounts of $4.3 million and $3.9 million, respectively.
Vendor Rebates and Allowances	*Vendor Rebates and Allowances* We participate in volume purchase rebate programs, some of which provide for tiered rebates based on defined levels of purchase volume. We also participate in programs that enable us to receive additional vendor subsidies by promoting the sale of vendor products. Vendor rebates and allowances are accrued as earned. Rebates and allowances received as a result of attaining defined purchase levels are accrued over the incentive period based on the terms of the vendor arrangement and estimates of qualifying purchases during the rebate program period. These estimates are reviewed on a quarterly basis and adjusted for changes in anticipated product sales and expected purchase levels. Vendor rebates and allowances earned are recorded as a reduction in the cost of merchandise inventories and are included in operations (as a reduction of cost of goods sold) in the period the related product is sold.
Merchandise Inventories	*Merchandise Inventories* Inventories consist of office products merchandise and are stated at the lower of weighted average cost or net realizable value. The Company estimates the realizable value of inventory using assumptions about future demand, market conditions and product obsolescence. If the estimated realizable value is less than cost, the inventory value is reduced to its estimated realizable value. Throughout the year, the Company performs physical inventory counts at a significant number of our locations. For periods subsequent to each location’s last physical inventory count, an allowance for estimated shrinkage is provided based on historical shrinkage results and current business trends.
Property and Equipment	*Property and Equipment* Property and equipment are recorded at cost. The Company calculates depreciation using the straight-line method over the estimated useful lives of the assets or the terms of the related leases. The estimated useful lives of depreciable assets are generally as follows: building and improvements, three to 40 years; machinery and equipment, which also include delivery trucks, furniture and office and computer equipment, three to 15 years. Leasehold improvements are reported as building and improvements and are typically amortized over the lesser of the term of the lease or the estimated lives of the improvements, which generally range from two to 20 years.
Long-Lived Asset Impairment	*Long-Lived Assets Impairment* Long-lived assets, such as property, leasehold improvements, equipment and capitalized software costs, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized equal to the amount by which the carrying amount of the asset exceeds the fair value of the asset, which is estimated based on discounted cash flows. In 2012, 2011 and 2010 the Company determined that there were indicators of impairment, completed tests for impairment and recorded impairment of assets of individual retail stores, which consist primarily of leasehold improvements and fixtures. See Note 5, “Intangible Assets and Other Long-lived Assets,” for further discussion regarding impairment of long-lived assets.
Intangible Assets Impairment	*Intangible Assets Impairment* Intangible assets represent the values assigned to trade names, customer lists and relationships and exclusive distribution rights of businesses acquired. Intangible assets with definite lives, which would include our customer lists and relationships and exclusive distribution rights of businesses acquired, are amortized over those lives and are reviewed for impairment in the same manner as long-lived assets discussed above. Intangible assets with indefinite lives, which would include our trade name assets, are not amortized but are tested for impairment at least annually, or more frequently if events and circumstances indicate that the asset might be impaired. Beginning in 2012, we may make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. If, after making the qualitative assessment, we determine it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, then performing a quantitative impairment test is unnecessary. If a quantitative impairment test is performed, the asset’s fair value is estimated and compared to its carrying value. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. At the end of 2012, 2011 2010, we performed quantitative impairment tests of our trade name assets and no impairment was recorded as a result.
Investment in Boise Cascade Holdings, L.L.C.	*Investment in Boise Cascade Holdings, L.L.C.* Investments in other companies are accounted for under the cost method, if the Company does not exercise significant influence over the other company. At December 29, 2012 and December 31, 2011, the Company held an investment in Boise Cascade Holdings, L.L.C. (the “Boise Investment”) which is accounted for under the cost method. In exchange for its investment in Boise Cascade Holdings, L.L.C., the Company received voting securities and non-voting securities. The non-voting securities of Boise Cascade Holdings, L.L.C. accrue dividends. It is the Company’s policy to record the income associated with the dividends on the non-voting securities as a reduction of operating, selling and general and administrative expenses in the Consolidated Statements of Operations. The voting securities do not accrue dividends. See Note 9, “Investment in Boise Cascade Holdings, L.L.C.,” for additional information related to the Company’s investments in affiliates.
Capitalized Software Costs	*Capitalized Software Costs* The Company capitalizes certain costs related to the acquisition and development of internal use software that is expected to benefit future periods. These costs are amortized using the straight-line method over the expected life of the software, which is typically three to seven years. Other non-current assets in the Consolidated Balance Sheets include unamortized capitalized software costs of $48.0 million and $32.5 million at December 29, 2012 and December 31, 2011, respectively. Amortization of capitalized software costs totaled $10.3 million, $10.5 million and $17.5 million in 2012, 2011 and 2010, respectively. Software development costs that do not meet the criteria for capitalization are expensed as incurred.
Pension and Other Postretirement Benefits	*Pension and Other Postretirement Benefits* The Company sponsors noncontributory defined benefit pension plans covering certain terminated employees, vested employees, retirees and some active employees, primarily in Contract. The Company also sponsors various retiree medical benefit plans. The type of retiree medical benefits and the extent of coverage vary based on employee classification, date of retirement, location, and other factors. The Company explicitly reserves the right to amend or terminate its retiree medical plans at any time, subject only to constraints, if any, imposed by the terms of collective bargaining agreements. Amendment or termination may significantly affect the amount of expense incurred. The Company recognizes the funded status of its defined benefit pension, retiree healthcare and other postretirement plans in the Consolidated Balance Sheets, with changes in the funded status recognized through accumulated other comprehensive loss, net of tax, in the year in which the changes occur. Actuarially-determined liabilities related to pension and postretirement benefits are recorded based on estimates and assumptions. Key factors used in developing estimates of these liabilities include assumptions related to discount rates, rates of return on investments, future compensation costs, healthcare cost trends, benefit payment patterns and other factors. The Company measures changes in the funded status of its plans using actuarial models. Since the majority of participants in the plans are inactive, the actuarial models use an attribution approach that generally spreads recognition of the effects of individual events over the life expectancies of the participants. Net pension and postretirement benefit income or expense is also determined using assumptions which include discount rates and expected long-term rates of return on plan assets. The Company bases the discount rate assumption on the rates of return for a theoretical portfolio of high-grade corporate bonds (rated AA- or better) with cash flows that generally match our expected benefit payments in future years. The long-term asset return assumption is based on the average rate of earnings expected on invested funds, and considers several factors including the asset allocation, actual historical rates of return, expected rates of return and external data. The Company’s policy is to fund its pension plans based upon actuarial recommendations and in accordance with applicable laws and income tax regulations. Pension benefits are primarily paid through trusts funded by the Company. All of the Company’s postretirement medical plans are unfunded. The Company pays postretirement benefits directly to the participants. See Note 12, “Retirement and Benefit Plans,” for additional information related to the Company’s pension and other postretirement benefits.
Facility Closure Reserves	*Facility Closure Reserves* The Company conducts regular reviews of its real estate portfolio to identify underperforming facilities, and closes those facilities that are no longer strategically or economically beneficial. The Company records a liability for the cost associated with a facility closure at its fair value in the period in which the liability is incurred, primarily the location’s cease-use date. Upon closure, unrecoverable costs are included in facility closure reserves and include provisions for the present value of future lease obligations, less contractual or estimated sublease income. Accretion expense is recognized over the life of the payments. See Note 2, “Facility Closure Reserves,” for additional information related to the Company’s facility closure reserves.
Environmental and Asbestos Matters	*Environmental and Asbestos Matters* Environmental and asbestos liabilities that relate to the operation of the paper and forest products businesses and timberland assets prior to the sale of the paper, forest products and timberland assets continue to be liabilities of OfficeMax. The Company accrues for losses associated with these types of obligations when such losses are probable and reasonably estimated.
Self-insurance	*Self-insurance* The Company is self-insured for certain losses related to workers’ compensation and medical claims as well as general and auto liability. The expected ultimate cost for claims incurred is recognized as a liability in the Consolidated Balance Sheets. The expected ultimate cost of claims incurred is estimated based principally on an analysis of historical claims data and estimates of claims incurred but not reported. Losses are accrued on a discounted basis and charged to operations when it is probable that a loss has been incurred and the amount can be reasonably estimated.
Income Taxes	*Income Taxes* Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company is subject to tax audits in numerous jurisdictions in the U.S. and around the world. Tax audits by their very nature are often complex and can require several years to complete. In the normal course of business, the Company is subject to challenges from the IRS and other tax authorities regarding amounts of taxes due. These challenges may alter the timing or amount of taxable income or deductions, or the allocation of income among tax jurisdictions. The benefits of tax positions that are more likely than not of being sustained upon audit based on the technical merits of the tax position are recognized in the consolidated financial statements; positions that do not meet this threshold are not recognized. For tax positions that are at least more likely than not of being sustained upon audit, the largest amount of the benefit that is more likely than not of being sustained is recognized in the consolidated financial statements. See Note 7, “Income Taxes,” for further discussion. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making the assessment of whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. Accruals for income tax exposures, including penalties and interest, expected to be settled within the next year are included in income tax payable with the remainder included in other long-term liabilities in the Consolidated Balance Sheets. Interest and penalties related to income tax exposures are recognized as incurred and included in income tax expense in the Consolidated Statements of Operations.
Advertising Costs	*Advertising Costs* Advertising costs are either expensed the first time the advertising takes place or, in the case of direct-response advertising, capitalized and charged to expense in the periods in which the related sales occur. Advertising expense was $211.6 million in 2012, $225.3 million in 2011 and $228.3 million in 2010, and is recorded in operating, selling and general and administrative expenses in the Consolidated Statements of Operations.
Pre-Opening Expenses	*Pre-Opening Expenses* The Company incurs certain non-capital expenses prior to the opening of a store. These pre-opening expenses consist primarily of straight-line rent from the date of possession, store payroll and supplies, and are expensed as incurred and reflected in operating, selling and general and administrative expenses. The Company recorded approximately $1.1 million and $1.0 million in pre-opening costs in 2012 and 2011, respectively. No pre-opening costs were recorded in 2010.
Leasing Arrangements	*Leasing Arrangements* The Company conducts a substantial portion of its business in leased properties. Some of the Company’s leases contain escalation clauses and renewal options. The Company recognizes rental expense for leases that contain predetermined fixed escalation clauses on a straight-line basis over the expected term of the lease. The difference between the amounts charged to expense and the contractual minimum lease payment is recorded in other long-term liabilities in the Consolidated Balance Sheets. At December 29, 2012 and December 31, 2011, other long-term liabilities included approximately $47.2 million and $52.3 million, respectively, related to these future escalation clauses. The expected term of a lease is calculated from the date the Company first takes possession of the facility, including any periods of free rent and any option or renewal periods management believes are probable of exercise. This expected term is used in the determination of whether a lease is capital or operating and in the calculation of straight-line rent expense. Rent abatements and escalations are considered in the calculation of minimum lease payments in the Company’s capital lease tests and in determining straight-line rent expense for operating leases. Straight-line rent expense is also adjusted to reflect any allowances or reimbursements provided by the lessor.
Derivative Instruments and Hedging Activities	*Derivative Instruments and Hedging Activities* The Company records all derivative instruments on the balance sheet at fair value. Changes in the fair value of derivative instruments are recorded in current earnings or deferred in accumulated other comprehensive loss, depending on whether a derivative is designated as, and is effective as, a hedge and on the type of hedging transaction. Changes in fair value of derivatives that are designated as cash flow hedges are deferred in accumulated other comprehensive income loss until the underlying hedged transactions are recognized in earnings, at which time any deferred hedging gains or losses are also recorded in earnings. If a derivative instrument is designated as a fair value hedge, changes in the fair value of the instrument are reported in current earnings and offset the change in fair value of the hedged assets, liabilities or firm commitments. The Company has no material outstanding derivative instruments at December 29, 2012 and did not have any material hedge transactions in 2012, 2011 or 2010.
Recently Issued or Newly Adopted Accounting Standards	*Recently Issued or Newly Adopted Accounting Standards* In July 2012, the FASB issued guidance that permits an entity to make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. If, after making the qualitative assessment, an entity determines it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, then performing a quantitative impairment test is unnecessary. This guidance, which was adopted for the third quarter of 2012, did not have any impact on the Company’s results of operations, financial position, or cash flows. In February 2013, the FASB issued guidance which expands disclosure requirements for other comprehensive income. The guidance requires the reporting of the effect of the reclassification of items out of accumulated other comprehensive income (AOCI) on each affected net income line item. The guidance is effective for interim and annual periods beginning on or after December 15, 2012 and is to be applied prospectively. The adoption of this guidance affects the presentation of certain elements of the Company’s financial statements, but these changes in presentation will not have a material impact on our financial statements.

Facility Closure Reserves (Tables)

12 Months Ended

Dec. 29, 2012

Facility Closure Reserve Account Activity

Facility closure reserve account activity during 2012, 2011 and 2010 was as follows:


	Total
	(thousands)
Balance at December 26, 2009	$	61,572
Charges related to stores closed in 2010		13,069
Transfer of deferred rent balance		5,985
Changes to estimated costs included in income		(1,358	)
Cash payments		(22,260	)
Accretion		4,665

Balance at December 25, 2010	$	61,673
Charges related to stores closed in 2011		5,406
Transfer of deferred rent and other balances		928
Changes to estimated costs included in income		262
Cash payments		(22,311	)
Accretion		3,117

Balance at December 31, 2011	$	49,075
Charges related to stores closed in 2012		41,042
Transfer of deferred rent and other balances		1,976
Cash payments		(20,740	)
Accretion		3,290

Balance at December 29, 2012	$	74,643

Reserve Balances Classified in the Consolidated Balance Sheets

Reserve balances were classified in the Consolidated Balance Sheets as follows:


	December 29, 2012		December 31, 2011
	(thousands)
Accrued expenses and other current liabilities - Other	$	21,794	$	10,635
Other long-term liabilities		52,849		38,440

Total	$	74,643	$	49,075

Summary of the Facilities Closure Reserve

The facilities closure reserve consisted of the following:


	December 29, 2012
	(thousands)
Estimated future lease obligations	$	126,842
Less: anticipated sublease income		(52,199	)

Total	$	74,643

Intangible Assets and Other Long-lived Assets (Tables)

12 Months Ended

Dec. 29, 2012

Intangible Assets

Intangible assets consisted of the following at year-end:


	2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(thousands)
Trade names	$	66,000	$	—		$	66,000
Customer lists/relationships and exclusive distribution rights		34,698		(19,933	)		14,765

Total	$	100,698	$	(19,933	)	$	80,765


	2011
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(thousands)
Trade names	$	66,000	$	—		$	66,000
Customer lists/relationships and exclusive distribution rights		34,963		(19,443	)		15,520

Total	$	100,963	$	(19,443	)	$	81,520

Changes In Carrying Amounts

The changes in the intangible carrying amounts were as follows:


	Trade names		Customer lists/relationships and exclusive distribution rights			Total
	(thousands)
Net carrying amount, December 26, 2009	$	66,000	$	17,806		$	83,806
Amortization		—		(1,955	)		(1,955	)
Effect of foreign currency translation		—		1,380			1,380

Net carrying amount, December 25, 2010	$	66,000	$	17,231		$	83,231
Amortization		—		(1,686	)		(1,686	)
Effect of foreign currency translation		—		(25	)		(25	)

Net carrying amount, December 31, 2011	$	66,000	$	15,520		$	81,520
Amortization		—		(1,665	)		(1,665	)
Effect of foreign currency translation		—		910			910

Net carrying amount, December 29, 2012	$	66,000	$	14,765		$	80,765

Net Income Per Common Share (Tables)

12 Months Ended

Dec. 29, 2012

Computation Of Basic And Diluted Income (Loss) Per Share

Net income per common share was determined by dividing net income, as adjusted, by weighted average shares outstanding as follows:

Basic Net Income per Common Share


	2012		2011		2010
	(thousands, except per-share amounts)
Net income available to OfficeMax common shareholders	$	414,694	$	32,771	$	68,628
Average shares—basic		86,594		85,881		84,908

Net income available to OfficeMax common shareholders per common share:
Basic	$	4.79	$	0.38	$	0.81

Diluted Net Income per Common Share


	2012		2011		2010
	(thousands, except per-share amounts)
Net income available to OfficeMax common shareholders	$	414,694	$	32,771	$	68,628
Preferred dividends (a)		2,096		—		—

Diluted net income attributable to OfficeMax		416,790		32,771		68,628
Average shares—basic		86,594		85,881		84,908
Restricted stock, stock options, preferred share conversion and other(a)(b)		1,345		1,116		1,604

Average shares—diluted		87,939		86,997		86,512
Diluted net income attributable to OfficeMax per common share:
Diluted	$	4.74	$	0.38	$	0.79

(a)	The assumed conversion of outstanding preferred stock was anti-dilutive in 2010 and 2011, and therefore no adjustment was required to determine diluted income from continuing operations or average shares-diluted.

(b)

Income Taxes (Tables)

12 Months Ended

Dec. 29, 2012

Components Of Income Tax (Expense) Benefit Attributable To Income (Loss) From Continuing Operations

The income tax expense attributable to income from continuing operations as shown in the Consolidated Statements of Operations includes the following components:


	2012			2011			2010
	(thousands)
Current income tax (expense) benefit:
Federal	$	(3,806	)	$	(128	)	$	9,507
State		(8,075	)		(1,593	)		(2,735	)
Foreign		(9,730	)		(10,377	)		(22,521	)

Total	$	(21,611	)	$	(12,098	)	$	(15,749	)
Deferred income tax (expense) benefit:
Federal	$	(212,221	)	$	(5,342	)	$	(24,628	)
State		(9,288	)		(4,056	)		(2,552	)
Foreign		(5,602	)		1,979			1,057

Total	$	(227,111	)	$	(7,419	)	$	(26,123	)

Total income tax expense	$	(248,722	)	$	(19,517	)	$	(41,872	)

Cash Payments For Income Taxes, Net

During 2012, 2011 and 2010, cash payments or cash refunds received, net, for income taxes were as follows:


	2012		2011		2010
	(thousands)
Cash tax payments (refunds), net	$	35,367	$	13,524	$	(5,026	)

Effective Income Tax Rate Reconciliation


	2012			2011			2010
	(thousands)
Income tax expense at statutory rate	$	(234,339	)	$	(20,173	)	$	(40,507	)
State taxes expense, net of federal effect		(22,434	)		(723	)		(2,346	)
Foreign tax provision differential		6,222			4,354			338
Effect on deferreds due to tax restructuring		—			5,960			—
Net operating loss valuation allowance and credits		(5,121	)		(10,818	)		(590	)
Change in tax contingency liability		(4,336	)		(695	)		(308	)
Tax effect of foreign earnings, net		6,728			(2,517	)		(2,291	)
Employee stock ownership plan dividend deduction		733			743			885
Other permanent items, net		3,825			4,352			2,947

Total income tax expense	$	(248,722	)	$	(19,517	)	$	(41,872	)

Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at year-end are presented in the following table:


	2012			2011
	(thousands)
Impairment of note receivable	$	—		$	278,269
Minimum tax and other credits carryover		121,434			228,224
Net operating loss carryovers		31,798			151,787
Deferred gain on Boise Investment		68,936			68,936
Compensation obligations		177,784			172,403
Operating reserves and accrued expenses		50,239			55,679
Investments and deferred charges		5,901			3,441
Property and equipment		—			1,558
Allowances for receivables		12,358			12,306
Inventory		6,258			4,216
Tax goodwill		1,319			2,907
Other		—			6,891

Total deferred tax assets	$	476,027		$	986,617
Valuation allowance on NOLs and credits	$	(30,665	)	$	(25,543	)

Total deferred tax assets after valuation allowance	$	445,362		$	961,074
Timberland installment gain related to Wachovia Guaranteed Installment Note	$	(260,040	)	$	(260,040	)
Timberland installment gain related to Lehman Guaranteed Installment Note		—			(269,284	)
Property and equipment		(3,290	)		—
Undistributed earnings		(6,238	)		(5,823	)
Other		(3,157	)		—

Total deferred tax liabilities	$	(272,725	)	$	(535,147	)

Total net deferred tax assets	$	172,637		$	425,927

Deferred Tax Assets And Liabilities, Reported In Consolidated Balance Sheets

Deferred tax assets and liabilities are reported in our Consolidated Balance Sheets as follows:


	2012		2011
	(thousands)
Current deferred income tax assets	$	63,878	$	55,488
Long-term deferred income tax assets		108,759		370,439

Total net deferred tax assets	$	172,637	$	425,927

Income Before Income Tax, Domestic And Foreign

Pre-tax income related to continuing operations from domestic and foreign sources is as follows:


	2012		2011		2010
	(thousands)
Domestic	$	607,487	$	21,202	$	53,444
Foreign		62,053		36,435		62,292

Total	$	669,540	$	57,637	$	115,736

Reconciliation Of The Beginning And Ending Unrecognized Tax Benefits

The reconciliation of the beginning and ending unrecognized tax benefits is as follows:


	2012			2011			2010
	(thousands)
Unrecognized gross tax benefits balance at beginning of year	$	21,172		$	20,863		$	8,247
Increase related to prior year tax positions		2,178			570			12,983
Decrease related to prior year tax positions		(12,232	)		—			—
Settlements		(4,781	)		(261	)		(367	)

Unrecognized tax benefits balance at end of year	$	6,337		$	21,172		$	20,863

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References + Details

Leases (Tables)

12 Months Ended

Dec. 29, 2012

Rental Expense For Operating Leases

Rental expense for operating leases included the following components:


	2012			2011			2010
	(thousands)
Minimum rentals	$	324,952		$	336,924		$	338,924
Contingent rentals		1,096			1,060			1,187
Sublease rentals		(233	)		(504	)		(422	)

Total	$	325,815		$	337,480		$	339,689

Minimum Lease Payment Requirements For Operating Leases

For operating leases with remaining terms of more than one year, the minimum lease payment requirements are:


	Total
	(thousands)
2013	$	351,376
2014		300,599
2015		241,670
2016		182,050
2017		127,165
Thereafter		198,601

Total	$	1,401,461

Debt (Tables)

12 Months Ended

Dec. 29, 2012

Recourse And Non-Recourse Obligations

The Company’s debt, almost all of which is unsecured, consists of both recourse and non-recourse obligations as follows at year-end:


	2012			2011
	(thousands)
Recourse debt:
7.35% debentures, due in 2016	$	17,967		$	17,967
Medium-term notes, Series A, with interest rates averaging 7.9%, paid in 2012		—			35,000
Revenue bonds, with interest rates averaging 6.4% , due in varying amounts periodically through 2029		185,505			185,505
American & Foreign Power Company Inc. 5% debentures, due in 2030		18,526			18,526
Grupo OfficeMax installment loans, due in monthly installments through 2014		5,028			8,508
Other indebtedness, with interest rates averaging 6.6% and 6.8%, due in varying amounts annually through 2019		9,644			3,188

	$	236,670		$	268,694
Less unamortized discount		(476	)		(504	)

Total recourse debt	$	236,194		$	268,190
Less current portion		(10,232	)		(38,867	)

Long-term debt, less current portion	$	225,962		$	229,323

Non-recourse debt:
5.42% Securitization Notes, due in 2019	$	735,000		$	735,000
5.54% Securitization Notes, due in 2019		—			735,000

Total non-recourse debt	$	735,000		$	1,470,000

Payments Of Recourse Debt

The scheduled payments of recourse debt are as follows:


	Total
	(thousands)
2013	$	10,232
2014		1,574
2015		213
2016		20,264
2017		115
Thereafter		204,272

Total	$	236,670

Borrowings And Availability Under Credit Agreements

Availability under the Credit Agreement at the end of fiscal year 2012 was as follows:


	Total
	(millions)
Maximum aggregate available borrowing amount	$	621.2
Less: Stand-by letters of credit		(41.0	)

Amount available for borrowing at fiscal year-end	$	580.2

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Financial Instruments, Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 29, 2012

Carrying Amounts And Estimated Fair Values Of Financial Instruments

The following table presents the carrying amounts and estimated fair values of the Company’s other financial instruments at December 29, 2012 and December 31, 2011. The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties.


	December 29, 2012
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total		Carrying Amount
	(thousands)
Financial assets:
Timber notes receivable - Wachovia	$	—	$	986,365	$	—	$	986,365	$	817,500
Financial liabilities:
Recourse debt	$	—	$	229,431	$	—	$	229,431	$	236,194
Non-recourse debt - Wachovia	$	—	$	903,912	$	—	$	903,912	$	735,000


	December 31, 2011
	Fair Value								Carrying Amount
	Level 1		Level 2		Level 3		Total		Carrying Amount
	(thousands)
Financial assets:
Timber notes receivable
Wachovia	$	—	$	943,706	$	—	$	943,706	$	817,500
Lehman	$	—	$	—	$	81,750	$	81,750	$	81,750
Financial liabilities:
Recourse debt	$	62,293	$	178,461	$	—	$	240,754	$	268,190
Non-recourse debt
Wachovia	$	—	$	858,779	$	—	$	858,779	$	735,000
Lehman	$	—	$	—	$	81,750	$	81,750	$	735,000

Retirement and Benefit Plans (Tables)

12 Months Ended

Dec. 29, 2012

Changes In Pension And Other Postretirement Benefit Obligations And Plan Assets


	Pension Benefits						Other Benefits
	2012			2011			2012			2011
	(thousands)
Change in benefit obligation:
Benefit obligation at beginning of year	$	1,365,281		$	1,297,655		$	22,252		$	24,021
Service cost		3,740			2,546			292			227
Interest cost		64,688			70,176			936			1,006
Actuarial loss		100,004			94,656			1,819			(1,334	)
Changes due to exchange rates		—			—			469			(346	)
Benefits paid		(253,165	)		(99,752	)		(1,734	)		(1,322	)

Benefit obligation at end of year	$	1,280,548		$	1,365,281		$	24,034		$	22,252

Change in plan assets:
Fair value of plan assets at beginning of year	$	1,035,731		$	1,117,413		$	—		$	—
Actual return on plan assets		175,489			14,746			—			—
Employer contributions		21,078			3,324			1,734			1,322
Benefits paid		(253,165	)		(99,752	)		(1,734	)		(1,322	)

Fair value of plan assets at end of year	$	979,133		$	1,035,731		$	—		$	—

Funded status	$	(301,415	)	$	(329,550	)	$	(24,034	)	$	(22,252	)

Amounts Recognized In The Consolidated Balance Sheets

The following table shows the amounts recognized in the Consolidated Balance Sheets related to the Company’s defined benefit pension and other postretirement benefit plans at year-end:


	Pension Benefits						Other Benefits
	2012			2011			2012			2011
	(thousands)
Current liabilities	$	(3,293	)	$	(6,530	)	$	(1,195	)	$	(1,243	)
Noncurrent liabilities		(298,122	)		(323,020	)		(22,839	)		(21,009	)

Net amount recognized	$	(301,415	)	$	(329,550	)	$	(24,034	)	$	(22,252	)

Amounts Recognized In Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss consist of:


Net loss	$	481,501	$	548,212	$	6,157		$	4,486
Prior service cost (credit)		—		—		(18,131	)		(22,138	)

Total	$	481,501	$	548,212	$	(11,974	)	$	(17,652	)

Accumulated Benefit Obligation In Excess Of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:


	Pension Benefits
	2012		2011
	(thousands)
Projected benefit obligation	$	1,280,548	$	1,365,281
Accumulated benefit obligation		1,280,548		1,365,281
Fair value of plan assets		979,133		1,035,731

Components Of Net Periodic Benefit Cost (Income)

The components of net periodic benefit cost (income) are as follows:


	Pension Benefits									Other Benefits
	2012			2011			2010			2012			2011			2010
	(thousands)
Service cost	$	3,740		$	2,546		$	3,164		$	292		$	227		$	263
Interest cost		64,688			70,176			74,213			936			1,006			1,213
Expected return on plan assets		(83,094	)		(79,289	)		(83,494	)		—			—			—
Recognized actuarial loss		17,954			17,371			13,239			201			220			224
Amortization of prior service credits		—			—			—			(4,008	)		(4,009	)		(4,006	)
Other		—			80			149			—			—			—

Net periodic benefit cost (income)	$	3,288		$	10,884		$	7,271		$	(2,579	)	$	(2,556	)	$	(2,306	)

Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income

Other changes in plan assets and benefit obligations recognized in other comprehensive income are as follows:


	Pension Benefits						Other Benefits
	2012			2011			2012			2011
	(thousands)
Accumulated other comprehensive (income) loss at beginning of year	$	548,212		$	406,465		$	(17,652	)	$	(20,093	)
Net loss (gain)		7,610			159,118			1,819			(1,334	)
Reduction due to settlement		(56,367	)		—			—			—
Amortization of net loss		(17,954	)		(17,371	)		(201	)		(220	)
Amortization of prior service credits		—			—			4,008			4,009
Canadian rate adjustment		—			—			52			(14	)

Accumulated other comprehensive (income) loss at end of year	$	481,501		$	548,212		$	(11,974	)	$	(17,652	)

Weighted Average Assumptions Used In The Measurement Of Company's Benefit Obligations

The following table presents the key weighted average assumptions used in the measurement of the Company’s benefit obligations as of year-end:


							Other Benefits
	Pension Benefits						United States						Canada
	2012			2011			2012			2011			2012			2011
Discount rate		3.88	%		4.93	%		3.10	%		3.70	%		4.00	%		4.50	%

Weighted Average Assumptions Used In The Measurement Of Net Periodic Benefit Cost

The following table presents the weighted average assumptions used in the measurement of net periodic benefit cost as of year-end:


										Other Benefits
	Pension Benefits									United States									Canada
	2012			2011			2010			2012			2011			2010			2012			2011			2010
Discount rate		4.93	%		5.64	%		6.15	%		3.70	%		4.50	%		5.10	%		4.50	%		5.30	%		6.40	%
Expected long-term return on plan assets		8.20	%		8.20	%		8.20	%		—			—			—			—			—			—

Assumed Healthcare Cost Trend Rates

The following table presents the assumed healthcare cost trend rates used in measuring the Company’s postretirement benefit obligations at December 29, 2012 and December 31, 2011:


	2012			2011
Weighted average assumptions as of year-end:
Healthcare cost trend rate assumed for next year		6.0	%		6.5	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.0	%		5.0	%
Year that the rate reaches the ultimate trend rate		2015			2015

Allocation Of Pension Plan Assets

The allocation of pension plan assets by category at December 29, 2012 and December 31, 2011 is as follows:


	2012			2011
OfficeMax common stock		1.7	%		1.2	%
U.S. equity securities		31.0	%		27.0	%
International equity securities		15.3	%		10.3	%
Global equity securities		11.3	%		15.8	%
Fixed-income securities		40.7	%		45.7	%

		100	%		100	%

Pension Plan Assets by Level within Fair Value Hierarchy

The following table presents the pension plan assets by level within the fair value hierarchy as of December 29, 2012.


	Level 1		Level 2		Level 3
	(thousands)
Money market funds	$	—	$	26,244	$	—
Equity securities:
OfficeMax common stock		16,232		—		—
U.S. large-cap		19,184		—		—
U.S. small and mid-cap		7,855		—		—
International		78,446		—		—
Fixed-Income:
Corporate bonds		—		326,344		—
Government securities		—		13,378		—
Other fixed-income		—		29,286		—
Other:
Equity mutual funds		—		453,458		—
Group annuity contracts		—		—		6,187
Other, including plan receivables and payables		2,519		—		—

	$	124,236	$	848,710	$	6,187

The following table presents the pension plan assets by level within the fair value hierarchy as of December 31, 2011.


	Level 1		Level 2		Level 3
	(thousands)
Money market funds	$	—	$	19,280	$	—
Equity securities:
OfficeMax common stock		12,585		—		—
U.S. large-cap		53,629		—		—
U.S. small and mid-cap		13,529		—		—
International		84,647		—		—
Fixed-Income:
Corporate bonds		—		421,027		—
Government securities		—		7,785		—
Other fixed-income		—		24,907		—
Other:
Equity mutual funds		—		385,862		—
Group annuity contracts		—		—		5,662
Other, including plan receivables and payables		5,665		1,153		—

	$	170,055	$	860,014	$	5,662

Change In Fair Value Of Pension Plan Assets

The following is a reconciliation of the change in fair value of the pension plan assets calculated based on Level 3 inputs:


	Total
	(thousands)
Balance at December 31, 2011	$	5,662
Benefit payments and administrative expenses		(9	)
Invesment income and net appreciation in investments		534

Balance at December 31, 2012	$	6,187

Pension Benefit Payments

Future benefit payments by year are estimated to be as follows:


	Pension Benefits		Other Benefits
	(thousands)
2013	$	95,892	$	1,195
2014		94,316		1,166
2015		92,106		1,140
2016		90,218		1,126
2017		88,242		1,126
2018-2022		410,655		5,577

Shareholders' Equity (Tables)

12 Months Ended

Dec. 29, 2012

Common Stock Reserved


Conversion or redemption of Series D ESOP preferred stock			875,987
Issuance under 2003 OfficeMax Incentive and Performance Plan			8,410,834
Issuance under Director Stock Compensation Plan			7,475
Issuance under 2001 Key Executive Deferred Compensation Plan			1,185
Issuance under 2003 Director Stock Compensation Plan			57,187

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) includes the following:


	Pension and Postretirement Liability Adjustment			Foreign Currency Translation Adjustment			Unrealized Hedge Loss Adjustment			Accumulated Other Comprehensive Income (Loss)
	(thousands)
Balance at December 25, 2010	$	(236,823	)	$	141,954		$	(884	)	$	(95,753	)
Current-period changes, before taxes		(144,236	)		(6,195	)		1,435			(148,996	)
Income taxes		55,482			—			(394	)		55,088

Balance at December 31, 2011	$	(325,577	)	$	135,759		$	157		$	(189,661	)
Current-period changes, before taxes		60,732			15,170			(203	)		75,699
Income taxes		(23,605	)		—			46			(23,559	)

Balance at December 29, 2012	$	(288,450	)	$	150,929		$	—		$	(137,521	)

Summary Of Restricted Stock And RSU Activity

A summary of restricted stock and RSU activity for fiscal years 2012, 2011 and 2010 is presented in the following table:


	Shares			Weighted-Average Grant Date Fair Value Per Share
Nonvested, December 26, 2009		1,929,945		$	16.24
Granted		872,534			13.81
Vested		(1,492	)		33.70
Forfeited		(689,852	)		20.34

Nonvested, December 25, 2010		2,111,135		$	13.89
Granted		648,224			12.17
Vested		(1,047,406	)		15.77
Forfeited		(223,703	)		11.64

Nonvested, December 31, 2011		1,488,250		$	12.15
Granted		653,385			5.66
Vested		(694,293	)		8.97
Forfeited		(129,586	)		11.18

Nonvested, December 29, 2012		1,317,756		$	10.70

Summary Of Stock Option Activity

A summary of stock option activity for fiscal years 2012, 2011 and 2010 is presented in the following table:


	2012					2011					2010
	Shares			Wtd. Avg. Ex. Price		Shares			Wtd. Avg. Ex. Price		Shares			Wtd. Avg. Ex. Price
Balance at beginning of year		4,816,552		$	16.86		4,313,290		$	16.52		3,249,773		$	15.14
Options granted		2,087,453			5.72		1,457,280			13.33		2,060,246			16.24
Options exercised		(212,441	)		4.84		(405,988	)		4.80		(408,519	)		4.80
Options forfeited and expired		(1,478,826	)		25.03		(548,030	)		13.80		(588,210	)		16.02

Balance at end of year		5,212,738		$	10.57		4,816,552		$	16.86		4,313,290		$	16.52

Exercisable at end of year		2,043,625					2,122,136					1,301,257
Weighted average fair value of options granted (Black-Scholes)	$	3.27				$	7.07				$	8.08

Summary Of Stock Options Outstanding

The following table provides summarized information about stock options outstanding at December 29, 2012:


	Options Outstanding						Options Exercisable
Range of Exercise Prices	Options Outstanding		Weighted Average Contractual Life (Years)		Weighted Average Exercise Price		Options Exercisable		Weighted Average Exercise Price
$2.50		11,171		—	$	2.50		11,171	$	2.50
$4.00 – $9.99		2,839,791		5.5		5.50		705,713		4.83
$10.00 – $16.00		666,084		4.2		14.04		423,971		14.26
$16.00 – $17.00		704,692		5.1		16.86		236,770		16.86
$18.00 – $19.00		975,000		4.9		18.15		650,000		18.15
$24.00 – $37.00		16,000		1.6		30.37		16,000		30.37

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References + Details

Segment Information (Tables)

12 Months Ended

Dec. 29, 2012

Summarizes By Geography, Net Sales

The following table summarizes by geography, net sales for fiscal years 2012, 2011 and 2010, and non-current assets at each year-end:


	2012		2011		2010
	(thousands)
Net sales
United States	$	5,491,976	$	5,671,738	$	5,770,036
Foreign		1,428,408		1,449,429		1,379,971

Total	$	6,920,384	$	7,121,167	$	7,150,007

Non-current assets
United States	$	1,660,961	$	1,992,674	$	1,924,982
Foreign		139,470		137,627		139,661

Total	$	1,800,431	$	2,130,301	$	2,064,643

Segment Sales To External Customers by Product Line

Segment sales to external customers by product line are as follows:


	2012		2011		2010
	(thousands)
Contract
Office supplies and paper	$	2,061,908	$	2,076,052	$	2,086,629
Technology products		1,130,564		1,142,168		1,185,461
Office furniture		413,288		405,857		362,154

Total	$	3,605,760	$	3,624,077	$	3,634,244

Retail
Office supplies and paper	$	1,411,522	$	1,437,304	$	1,468,646
Technology products		1,670,302		1,824,956		1,834,630
Office furniture		232,800		234,830		212,487

Total	$	3,314,624	$	3,497,090	$	3,515,763

Total OfficeMax
Office supplies and paper	$	3,473,430	$	3,513,356	$	3,555,275
Technology products		2,800,866		2,967,124		3,020,091
Office furniture		646,088		640,687		574,641

Total	$	6,920,384	$	7,121,167	$	7,150,007

Operations By Segment

The following tables contain details of the Company’s operations by segment:


	Sales		Segment income (loss)			Asset impairments			Other operating expenses, net			Operating income (loss)
	(thousands)
Year ended December 29, 2012
Contract	$	3,605,760	$	102,403		$	—		$	(28,436	)	$	73,967
Retail		3,314,624		69,867			(11,376	)		(41,430	)		17,061
Corporate and Other		—		(33,058	)		—			(33,692	)		(66,750	)

Total	$	6,920,384	$	139,212		$	(11,376	)	$	(103,558	)	$	24,278

Year ended December 31, 2011
Contract	$	3,624,077	$	77,681		$	—		$	(13,984	)	$	63,697
Retail		3,497,090		75,293			(11,197	)		(5,858	)		58,238
Corporate and Other		—		(34,761	)		—			(688	)		(35,449	)

Total	$	7,121,167	$	118,213		$	(11,197	)	$	(20,530	)	$	86,486

Year ended December 25, 2010
Contract	$	3,634,244	$	94,342		$	—		$	(60	)	$	94,282
Retail		3,515,763		103,903			(10,979	)		(12,505	)		80,419
Corporate and Other		—		(37,723	)		—			9,488			(28,235	)

Total	$	7,150,007	$	160,522		$	(10,979	)	$	(3,077	)	$	146,466

Other Selected Items By Segment

The following table contains details of other selected items by segment.


	Other selected items
	Depreciation and amortization		Capital expenditures		Assets
	(thousands)
Year ended December 29, 2012
Contract	$	30,943	$	39,292	$	1,094,411
Retail		40,897		47,312		1,157,158
Corporate and Other		2,284		574		1,532,746

Total	$	74,124	$	87,178	$	3,784,315

Year ended December 31, 2011
Contract	$	30,587	$	25,964	$	1,001,161
Retail		50,550		35,831		1,240,541
Corporate and Other		3,081		7,837		1,827,573

Total	$	84,218	$	69,632	$	4,069,275

Year ended December 25, 2010
Contract	$	51,630	$	61,165	$	1,039,800
Retail		49,283		32,346		1,209,635
Corporate and Other		23		—		1,829,494

Total	$	100,936	$	93,511	$	4,078,929

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Quarterly Results of Operations (Tables)

12 Months Ended

Dec. 29, 2012

Quarterly Results of Operations

Summarized quarterly financial data is as follows:


	2012												2011
	First(a)			Second			Third(b)			Fourth(c)			First			Second(d)			Third			Fourth(e)
	($ in millions, except per-share and stock price information)
Sales	$	1,872.9		$	1,602.4		$	1,744.6		$	1,700.5		$	1,863.0		$	1,647.6		$	1,774.8		$	1,835.8
Gross Profit	$	482.8		$	409.5		$	460.4		$	431.8		$	474.5		$	425.1		$	459.7		$	449.9
Percent of sales		25.8	%		25.6	%		26.4	%		25.4	%		25.5	%		25.8	%		25.9	%		24.5	%
Operating income	$	17.8		$	23.1		$	33.5		$	(50.1	)	$	28.6		$	4.0		$	41.3		$	12.6
Net income (loss) available to OfficeMax common shareholders	$	4.9		$	10.7		$	433.0		$	(33.9	)	$	11.4		$	(3.0	)	$	21.5		$	2.9
Net income (loss) per common share available to OfficeMax common shareholders(f)
Basic	$	0.06		$	0.12		$	5.00		$	(0.39	)	$	0.13		$	(0.04	)	$	0.25		$	0.03
Diluted	$	0.06		$	0.12		$	4.92		$	(0.39	)	$	0.13		$	(0.04	)	$	0.25		$	0.03
Common stock dividends paid per share		—			—		$	0.02		$	0.02			—			—			—			—
Common stock prices(g)
High	$	6.33		$	5.95		$	8.33		$	10.62		$	18.95		$	14.36		$	8.82		$	5.93
Low	$	4.46		$	4.10		$	4.20		$	7.04		$	12.24		$	6.05		$	4.46		$	3.90

(a)	Includes a $25.3 million pre-tax charge related to retail store closures in the U.S.

(b)	Includes a $670.8 million pre-tax gain related to an agreement that legally extinguished our non-recourse debt guaranteed by Lehman and a $9.8 million non-cash pre-tax charge to impair fixed assets associated with our retail stores in the U.S.

(c)

(d)	Includes a $5.6 million pre-tax charge related to retail store closures in the U.S., and $8.3 million of pre-tax charges for severance.

(e)	Includes an $11.2 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in the U.S. and $6.6 million of pre-tax charges for severance.

(f)	Quarters added together may not equal full year amount because each quarter is calculated on a stand-alone basis.

(g)	The Company’s common stock (symbol OMX) is traded on the New York Stock Exchange.

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 29, 2012 USD ($) Employee Segment	Dec. 31, 2011 USD ($)	Dec. 25, 2010 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Maximum number of associates \| Employee	29,000
Number of reportable segments \| Segment	3
Maturity of cash equivalents short-term debt instrument	3 months
Receivable from large customer having financial difficulties	$ 30.0
Allowances for doubtful accounts	4.3	$ 3.9
Advertising expense	211.6	225.3	$ 228.3
Pre-opening costs	1.1	1.0
Lease Agreements
Summary Of Significant Accounting Policies [Line Items]
Other long-term liabilities	$ 47.2	52.3
Building And Improvement \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life in years	3 years
Building And Improvement \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life in years	40 years
Machinery and Equipment \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life in years	3 years
Machinery and Equipment \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life in years	15 years
Leasehold Improvement \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life in years	2 years
Leasehold Improvement \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life in years	20 years
Software
Summary Of Significant Accounting Policies [Line Items]
Unamortized capitalized software costs	$ 48.0	32.5
Amortization of capitalized software costs	$ 10.3	$ 10.5	$ 17.5
Software \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Useful life of intangible assets	3 years
Software \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life of intangible assets	7 years
Cuba
Summary Of Significant Accounting Policies [Line Items]
Percentage of ownership in subsidiary	88.00%

Facility Closure Reserves - Additional Information (Detail) $ in Millions	3 Months Ended			12 Months Ended
	Dec. 29, 2012 USD ($)	Mar. 31, 2012 USD ($)	Jun. 25, 2011 USD ($)	Dec. 29, 2012 USD ($) Store	Dec. 31, 2011 USD ($) Store	Dec. 25, 2010 USD ($) Store
Retail Segment
Restructuring Cost and Reserve [Line Items]
Charges related to stores closed	$ 14.1	$ 25.3	$ 5.6	$ 41.0	$ 5.6	$ 13.1
Total number of under performing stores \| Store				29	6	8
Retail Segment \| Lease liability
Restructuring Cost and Reserve [Line Items]
Charges related to stores closed				$ 29.0	$ 5.4	$ 11.7
Retail Segment \| Asset Impairment
Restructuring Cost and Reserve [Line Items]
Charges related to stores closed					$ 0.2
Retail Segment \| Other Costs
Restructuring Cost and Reserve [Line Items]
Charges related to stores closed						1.4
Legacy Manufacturing Facility
Restructuring Cost and Reserve [Line Items]
Income from termination of lease agreement						$ 9.4

Facility Closure Reserves Account Activity (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 49,075	$ 61,673	$ 61,572
Charges related to stores closed	41,042	5,406	13,069
Cash payments	(20,740)	(22,311)	(22,260)
Ending Balance	74,643	49,075	61,673
Transfer Of Deferred Rent And Other Balances
Restructuring Cost and Reserve [Line Items]
Adjustment	1,976	928	5,985
Changes To Estimated Costs Included In Income
Restructuring Cost and Reserve [Line Items]
Adjustment		262	(1,358)
Accretion
Restructuring Cost and Reserve [Line Items]
Adjustment	$ 3,290	$ 3,117	$ 4,665

- Definition

Amount of any reversal and other adjustment made during the period to the amount of a previously accrued liability for a specified type of restructuring cost, excluding adjustments for costs incurred during the period, costs settled during the period, and foreign currency translation adjustments.

+ References + Details

Reserve Balances Classified in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Restructuring Cost and Reserve [Line Items]
Other long-term liabilities	$ 142,397	$ 182,685
Total	74,643	49,075	$ 61,673	$ 61,572
Facility Closing
Restructuring Cost and Reserve [Line Items]
Accrued expenses and other current liabilities - Other	21,794	10,635
Other long-term liabilities	52,849	38,440
Total	$ 74,643	$ 49,075

Summary of Facilities Closure Reserve (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Restructuring Cost and Reserve [Line Items]
Estimated future lease obligations	$ 126,842
Less: anticipated sublease income	(52,199)
Total	$ 74,643	$ 49,075	$ 61,673	$ 61,572

Severance and Other Charges - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011
Severance And Other Charges [Line Items]
Severance charges	$ 6.2	$ 14.9
Severance charges remain unpaid	$ 6.0

- Definition

The charge against earnings in the period for known and estimated costs of termination benefits provided to current employees that are involuntarily terminated under a benefit arrangement associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination or a discontinued operation as defined by generally accepted accounting principles and costs associated with one-time termination benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4(b))
-URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(10)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5-8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 5
-Section P
-Subsection 3, 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 146
-Paragraph 8-13, 20
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS146-1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 112
-Paragraph 7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Timber Notes Non Recourse Debt - Additional Information (Detail) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Oct. 31, 2004 USD ($) yr	Sep. 29, 2012 USD ($)	Jun. 30, 2012 USD ($)	Dec. 29, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 25, 2010 USD ($)	Dec. 27, 2008 USD ($)	Sep. 15, 2008 USD ($)	Dec. 31, 2004 USD ($) yr
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Cash received from sale of timberland assets	$ 15,000
Timber notes receivable	1,635,000			$ 817,500
Installment notes, cash transfered	1,635,000
Timber securitization notes				735,000	$ 1,470,000				$ 1,470,000
Cash received from the securitization of timber notes									1,470,000
Extinguishment of debt, recognized non-cash, pre-tax gain		$ 670,800		670,766
Timberlands asset sale cash tax payment				$ 35,367	$ 13,524	$ (5,026)
Lehman Brothers Holdings Inc
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Extinguishment of debt, recognized non-cash, pre-tax gain		670,800
Installment Notes
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber notes receivable - maturity year				2020	2020
Installment Notes \| Tranch One
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber notes receivable	$ 817,500
Timber notes receivable - terms (in years) \| yr	15
Timber note receivables - interest rates	5.11%
Installment Notes \| Tranch Two
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber notes receivable	$ 817,500
Timber notes receivable - terms (in years) \| yr	15
Timber note receivables - interest rates	4.98%
Installment Notes \| Lehman Brothers Holdings Inc
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber notes receivable	$ 817,500	81,800						$ 81,800
Timber notes receivable defaulted as result of Lehman bankruptcy								$ 817,500
Non-cash impairment charge pre-tax							$ 735,800
Distribution received from Lehman bankruptcy			$ 50,000
Timberland asset sale deferred tax liability recognized		269,000
Timberlands asset sale cash tax payment				$ 15,000	$ 15,000
Installment Notes \| Wachovia Corporation
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber notes receivable	$ 817,500			$ 817,500
Timber notes receivable - maturity year				2020
Timberlands asset sale deferred tax liability				$ 260,000
Securitization Notes \| Tranch One
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber securitization notes									$ 735,000
Timber securitization notes - terms (in years) \| yr									15
Timber securitization notes - interest rates									5.54%
Securitization Notes \| Tranch Two
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber securitization notes									$ 735,000
Timber securitization notes - terms (in years) \| yr									15
Timber securitization notes - interest rates									5.42%
Securitization Notes \| Lehman Brothers Holdings Inc
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber securitization notes		735,000							$ 735,000
Timber securitization notes, interest payable		$ 17,600
Securitization Notes \| Wachovia Corporation
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timber securitization notes									$ 735,000
Timber securitization notes - maturity year				2019
Timberland Assets
Timber Notes/Non-Recourse Debt Receivable And Payable [Line Items]
Timberlands asset sale deferred tax liability					529,000
Timberland asset sale deferred tax liability recognized					$ 14,000

Intangible Assets and Other Long-Lived Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Intangibles and Other Assets by Major Class [Line Items]
Finite Lived Intangible Assets Amortization Expense	$ 1,665	$ 1,686	$ 1,955
Impairment loss written off	$ 11,400	$ 11,200	$ 11,000
Exclusive distribution rights
Intangibles and Other Assets by Major Class [Line Items]
Useful life of intangible assets	10 years
Minimum
Intangibles and Other Assets by Major Class [Line Items]
Future Amortization Expense Year One	$ 1,380
Future Amortization Expense Year Two	1,380
Future Amortization Expense Year Three	1,380
Future Amortization Expense Year Four	1,380
Future Amortization Expense Year Five	$ 1,380
Minimum \| Customer lists and relationships
Intangibles and Other Assets by Major Class [Line Items]
Useful life of intangible assets	3 years
Maximum
Intangibles and Other Assets by Major Class [Line Items]
Future Amortization Expense Year One	$ 1,686
Future Amortization Expense Year Two	1,686
Future Amortization Expense Year Three	1,686
Future Amortization Expense Year Four	1,686
Future Amortization Expense Year Five	$ 1,686
Maximum \| Customer lists and relationships
Intangibles and Other Assets by Major Class [Line Items]
Useful life of intangible assets	20 years

Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 100,698	$ 100,963
Accumulated Amortization	(19,933)	(19,443)
Net Carrying Amount	80,765	81,520
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	34,698	34,963
Accumulated Amortization	(19,933)	(19,443)
Net Carrying Amount	14,765	15,520
Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	66,000	66,000
Net Carrying Amount	$ 66,000	$ 66,000

Changes In Carrying Amounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Finite-Lived Intangible Assets [Line Items]
Net carrying amount, beginning balance	$ 81,520	$ 83,231	$ 83,806
Amortization	(1,665)	(1,686)	(1,955)
Effect of foreign currency translation	910	(25)	1,380
Net carrying amount, ending balance	80,765	81,520	83,231
Trade names
Finite-Lived Intangible Assets [Line Items]
Net carrying amount, beginning balance	66,000	66,000	66,000
Net carrying amount, ending balance	66,000	66,000	66,000
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Net carrying amount, beginning balance	15,520	17,231	17,806
Amortization	(1,665)	(1,686)	(1,955)
Effect of foreign currency translation	910	(25)	1,380
Net carrying amount, ending balance	$ 14,765	$ 15,520	$ 17,231

Computation of Basic and Diluted Income Loss Per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 29, 2012

^[1]

Sep. 29, 2012

^[2]

Jun. 30, 2012

Mar. 31, 2012

^[3]

Dec. 31, 2011

^[4]

Sep. 24, 2011

Jun. 25, 2011

^[5]

Mar. 26, 2011

Dec. 29, 2012

Dec. 31, 2011

Dec. 25, 2010

Net Income (Loss) Per Common Share [Line Items]

Net income available to OfficeMax common shareholders

$ (33,900)

$ 433,000

$ 10,700

$ 4,900

$ 2,900

$ 21,500

$ (3,000)

$ 11,400

$ 414,694

$ 32,771

$ 68,628

Average shares-basic

86,594

85,881

84,908

Net income available to OfficeMax common shareholders per common share:

Basic

$ (0.39)

^[6]

$ 5.00

^[6]

$ 0.12

^[6]

$ 0.06

^[6]

$ 0.03

^[6]

$ 0.25

^[6]

$ (0.04)

^[6]

$ 0.13

^[6]

$ 4.79

$ 0.38

$ 0.81

Preferred dividends

^[7]

$ 2,096

Diluted net income attributable to OfficeMax

$ 416,790

$ 32,771

$ 68,628

Restricted stock, stock options, preferred share conversion and other

^[7],[8]

1,345

1,116

1,604

Average shares-diluted

87,939

86,997

86,512

Diluted net income attributable to OfficeMax per common share:

Diluted

$ (0.39)

^[6]

$ 4.92

^[6]

$ 0.12

^[6]

$ 0.06

^[6]

$ 0.03

^[6]

$ 0.25

^[6]

$ (0.04)

^[6]

$ 0.13

^[6]

$ 4.74

$ 0.38

$ 0.79

[1]	Includes a $56.4 million pre-tax charge for acceleration of pension expense related to participant settlements, $14.1 million pre-tax charge related to retail store closures, $6.2 million of pre-tax charges related to severance and other costs associated with restructuring, and a $1.6 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores, primarily in Mexico.
[2]	Includes a $670.8 million pre-tax gain related to an agreement that legally extinguished our non-recourse debt guaranteed by Lehman and a $9.8 million non-cash pre-tax charge to impair fixed assets associated with our retail stores in the U.S.
[3]	Includes a $25.3 million pre-tax charge related to retail store closures in the U.S.
[4]	Includes an $11.2 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in the U.S. and $6.6 million of pre-tax charges for severance.
[5]	Includes a $5.6 million pre-tax charge related to retail store closures in the U.S., and $8.3 million of pre-tax charges for severance.
[6]	Quarters added together may not equal full year amount because each quarter is calculated on a stand-alone basis.
[7]	The assumed conversion of outstanding preferred stock was anti-dilutive in 2010 and 2011, and therefore no adjustment was required to determine diluted income from continuing operations or average shares-diluted.
[8]	Options to purchase 3.8 million, 3.7 million and 1.7 million shares of common stock were outstanding during 2012, 2011 and 2010, respectively, but were not included in the computation of diluted income per common share because the impact would have been anti-dilutive as the option price was higher than the average market price during the year.

Computation of Basic and Diluted Income Loss Per Share (Parenthetical) (Detail) - shares shares in Millions	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Stock Options
Net Income (Loss) Per Common Share [Line Items]
Securities excluded from computation of dilutive income (loss) per share	3.8	3.7	1.7

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Income Tax Expense or Benefit Attributable To Income or Loss From Continuing Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Current income tax (expense) benefit:
Federal	$ (3,806)	$ (128)	$ 9,507
State	(8,075)	(1,593)	(2,735)
Foreign	(9,730)	(10,377)	(22,521)
Total	(21,611)	(12,098)	(15,749)
Deferred income tax (expense) benefit:
Federal	(212,221)	(5,342)	(24,628)
State	(9,288)	(4,056)	(2,552)
Foreign	(5,602)	1,979	1,057
Total	(227,111)	(7,419)	(26,123)
Total income tax expense	$ (248,722)	$ (19,517)	$ (41,872)

Cash Payments For Income Taxes Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Income Taxes Paid Net [Line Items]
Cash tax payments (refunds), net	$ 35,367	$ 13,524	$ (5,026)

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 29, 2012	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Income Taxes [Line Items]
Federal income tax rate		35.00%	35.00%	35.00%
Deferred tax asset related to federal income tax, net operating loss carryforwards		$ 100,000
Deferred tax assets related to various state net operating losses		15,000
Valuation allowance		30,700	$ 25,500
Timberlands asset sale cash tax payment		35,367	13,524	$ (5,026)
Total unrecognized tax benefits		6,337	$ 21,172	$ 20,863	$ 8,247
Unrecognized tax benefits that, if recognized would impact effective tax rate		6,200
Accrued interest and penalties		$ 600
Installment Notes
Income Taxes [Line Items]
Timber notes receivable - maturity year		2020	2020
Installment Notes \| Lehman Brothers Holdings Inc
Income Taxes [Line Items]
Reduction of liability for installment gain	$ 269,000
Extinguishment of debt, tax gain recognized			$ 269,000
Timberlands asset sale cash tax payment		$ 15,000	15,000
Installment Notes \| Wachovia Corporation
Income Taxes [Line Items]
Timber notes receivable - maturity year		2020
Deferred tax liabilities		$ 260,000
Timberland Assets
Income Taxes [Line Items]
Reduction of liability for installment gain			14,000
Deferred tax liabilities			$ 529,000
Minimum
Income Taxes [Line Items]
Valuation allowance maturity period		2013
Maximum
Income Taxes [Line Items]
Valuation allowance maturity period		2029

Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Income Tax Rate Reconciliation [Line Items]
Income tax expense at statutory rate	$ (234,339)	$ (20,173)	$ (40,507)
State taxes expense, net of federal effect	(22,434)	(723)	(2,346)
Foreign tax provision differential	6,222	4,354	338
Effect on deferreds due to tax restructuring		5,960
Net operating loss valuation allowance and credits	(5,121)	(10,818)	(590)
Change in tax contingency liability	(4,336)	(695)	(308)
Tax effect of foreign earnings, net	6,728	(2,517)	(2,291)
Employee stock ownership plan dividend deduction	733	743	885
Other permanent items, net	3,825	4,352	2,947
Total income tax expense	$ (248,722)	$ (19,517)	$ (41,872)

Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011
Deferred Income Tax Assets And Liabilities [Line Items]
Impairment of note receivable		$ 278,269
Minimum tax and other credits carryover	$ 121,434	228,224
Net operating loss carryovers	31,798	151,787
Deferred gain on Boise Investment	68,936	68,936
Compensation obligations	177,784	172,403
Operating reserves and accrued expenses	50,239	55,679
Investments and deferred charges	5,901	3,441
Property and equipment		1,558
Allowances for receivables	12,358	12,306
Inventory	6,258	4,216
Tax goodwill	1,319	2,907
Other		6,891
Total deferred tax assets	476,027	986,617
Valuation allowance on NOLs and credits	(30,665)	(25,543)
Total deferred tax assets after valuation allowance	445,362	961,074
Property and equipment	(3,290)
Undistributed earnings	(6,238)	(5,823)
Other	(3,157)
Total deferred tax liabilities	(272,725)	(535,147)
Total net deferred tax assets	172,637	425,927
Wachovia Corporation
Deferred Income Tax Assets And Liabilities [Line Items]
Installment gain related to notes	$ (260,040)	(260,040)
Lehman Brothers Holdings Inc
Deferred Income Tax Assets And Liabilities [Line Items]
Installment gain related to notes		$ (269,284)

Deferred Tax Assets And Liabilities, Reported In Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011
Deferred Income Tax Assets And Liabilities [Line Items]
Current deferred income tax assets	$ 63,878	$ 55,488
Long-term deferred income tax assets	108,759	370,439
Total net deferred tax assets	$ 172,637	$ 425,927

Income Before Income Tax, Domestic and Foreign (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Income Tax Examination [Line Items]
Pre-tax income (loss)	$ 669,540	$ 57,637	$ 115,736
Domestic Tax Authority
Income Tax Examination [Line Items]
Pre-tax income (loss)	607,487	21,202	53,444
Foreign Tax Authority
Income Tax Examination [Line Items]
Pre-tax income (loss)	$ 62,053	$ 36,435	$ 62,292

Reconciliation of Beginning and Ending Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Income Tax Expense Benefit [Line Items]
Unrecognized gross tax benefits balance at beginning of year	$ 21,172	$ 20,863	$ 8,247
Increase related to prior year tax positions	2,178	570	12,983
Decrease related to prior year tax positions	(12,232)
Settlements	(4,781)	(261)	(367)
Unrecognized tax benefits balance at end of year	$ 6,337	$ 21,172	$ 20,863

Leases - Additional Information (Detail) $ in Millions	12 Months Ended
Leases - Additional Information (Detail) $ in Millions	Dec. 29, 2012 USD ($) yr
Operating Leased Assets [Line Items]
Minimum sublease rentals due in the future under noncancelable subleases	$ 22.6
U.S. Retail Business \| 2003 through 2012
Operating Leased Assets [Line Items]
Rent Expense (income) due to amortization of asset (liability) related to store leases	(7.0)
U.S. Retail Business \| Beginning 2013
Operating Leased Assets [Line Items]
Rent Expense (income) due to amortization of asset (liability) related to store leases	4.0
U.S. Retail Business \| Below Market Leases \| 2003 Through 2027
Operating Leased Assets [Line Items]
Amortization of asset (liability) related to store leases	4.0
U.S. Retail Business \| Above Market Leases \| 2003 through 2012
Operating Leased Assets [Line Items]
Amortization of asset (liability) related to store leases	$ (11.0)
Minimum
Operating Leased Assets [Line Items]
Renewal options, period \| yr	3
Maximum
Operating Leased Assets [Line Items]
Renewal options, period \| yr	5
Maximum \| U.S. Retail Business
Operating Leased Assets [Line Items]
Store lease asset, amortization period	2027
Store lease Liability, amortization period	2012

Rental Expense for Operating Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Schedule of Operating Leases [Line Items]
Minimum rentals	$ 324,952	$ 336,924	$ 338,924
Contingent rentals	1,096	1,060	1,187
Sublease rentals	(233)	(504)	(422)
Total	$ 325,815	$ 337,480	$ 339,689

- Definition

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41499-112717

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 55
-Paragraph 40
-Subparagraph (Note 3)
-URI http://asc.fasb.org/extlink&oid=6584154&loc=d3e38371-112697

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Rentals
-URI http://asc.fasb.org/extlink&oid=6508509

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 25
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=7579899&loc=d3e35050-112683

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 40
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6452616&loc=d3e36728-112689

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6452660&loc=d3e36991-112694

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 98-9
-Paragraph 17
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 13
-Paragraph 16
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 13
-Paragraph 106, 122
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

This element represents the payments that the lessee is obligated to make or can be required to make in connection with a property under the terms of an agreement classified as an operating lease, excluding contingent rentals and a guarantee by the lessee of the lessor's debt and the lessee's obligation to pay (apart from the rental payments) executory costs such as insurance, maintenance, and taxes.

+ References + Details

Minimum Lease Payment Requirements For Operating Leases (Detail) $ in Thousands	Dec. 29, 2012 USD ($)
Future Minimum Payments Receivable [Line Items]
2013	$ 351,376
2014	300,599
2015	241,670
2016	182,050
2017	127,165
Thereafter	198,601
Total	$ 1,401,461

Investment in Boise Cascade Holdings LLC - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Feb. 22, 2013	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010	Dec. 31, 2004
Investments in and Advances to Affiliates [Line Items]
Investment in Boise Cascade Holdings, L.L.C.		$ 175,000	$ 175,000
Dividend income from investment in Boise Cascade Holdings, L.L.C.		8,455	7,846	$ 7,254
Dividend receivable in other non-current assets		45,100	$ 38,000
Distributions on Boise Investment for the income tax liability		$ 1,700
Boise Cascade Holdings, L.L.C.
Investments in and Advances to Affiliates [Line Items]
Investment in Boise Cascade Holdings, L.L.C.					$ 175,000
Dividend accrual rate on investments in Boise Cascade Holdings, L.L.C.		8.00%
Deferred gain on sale of investment in Boise Cascade Holdings, L.L.C.		$ 180,000
Boise Cascade Holdings, L.L.C. \| Nonvoting Equity Securities
Investments in and Advances to Affiliates [Line Items]
Deferred gain on sale of investment in Boise Cascade Holdings, L.L.C.		68,000
Boise Cascade Holdings, L.L.C. \| Voting Equity Securities
Investments in and Advances to Affiliates [Line Items]
Deferred gain on sale of investment in Boise Cascade Holdings, L.L.C.		$ 112,000
Boise Cascade Holdings, L.L.C. \| Subsequent Event \| Nonvoting Equity Securities
Investments in and Advances to Affiliates [Line Items]
Cash proceeds related to the Boise investment	$ 129,000
Proceeds from redemption of equity securities	112,000
Redemption of equity securities, original investment	66,000
Redemption of equity securities, accrued dividends	46,000
Boise Cascade Holdings, L.L.C. \| Subsequent Event \| Voting Equity Securities
Investments in and Advances to Affiliates [Line Items]
Redemption of equity securities, distribution	$ 17,000

Recourse and Non-Recourse Obligations (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011	Dec. 31, 2004
Debt Instrument [Line Items]
Less unamortized discount	$ (476)	$ (504)
Total recourse debt	236,194	268,190
Less current portion	(10,232)	(38,867)
Long-term debt, less current portion	225,962	229,323
Non-recourse debt	735,000	1,470,000	$ 1,470,000
Recourse Debt
Debt Instrument [Line Items]
Long-term debt, gross	236,670	268,694
Recourse Debt \| 7.35% Debentures, Due In 2016
Debt Instrument [Line Items]
Long-term debt, gross	17,967	17,967
Recourse Debt \| Medium-Term Notes, Series A, With Interest Rates Averaging 7.9%, Due In 2012
Debt Instrument [Line Items]
Long-term debt, gross		35,000
Recourse Debt \| Revenue Bonds, With Interest Rates Averaging 6.4%, Due In Varying Amounts Periodically Through 2029
Debt Instrument [Line Items]
Long-term debt, gross	185,505	185,505
Recourse Debt \| American And Foreign Power Company Inc Five Percent Debentures Due In Two Thousand And Thirty
Debt Instrument [Line Items]
Long-term debt, gross	18,526	18,526
Recourse Debt \| Grupo OfficeMax Installment Loans, Due In Monthly Installments Through 2014
Debt Instrument [Line Items]
Long-term debt, gross	5,028	8,508
Recourse Debt \| Other indebtedness, with interest rates averaging 6.6% and 6.8%, due in varying amounts annually through 2019
Debt Instrument [Line Items]
Long-term debt, gross	9,644	3,188
Non-Recourse Debt \| 5.42% Securitized Timber Notes, Due In 2019
Debt Instrument [Line Items]
Non-recourse debt	$ 735,000	735,000
Non-Recourse Debt \| 5.54% Securitized Timber Notes, Due In 2019
Debt Instrument [Line Items]
Non-recourse debt		$ 735,000

Recourse and Non-Recourse Obligations (Parenthetical) (Detail)	Dec. 29, 2012	Dec. 31, 2011
Recourse Debt \| 7.35% Debentures, Due In 2016
Debt Instrument [Line Items]
Debt instrument interest, percentage	7.35%	7.35%
Debt instrument, maturity year	2016	2016
Recourse Debt \| Medium-Term Notes, Series A, With Interest Rates Averaging 7.9%, Due In 2012
Debt Instrument [Line Items]
Debt instrument interest, percentage	7.90%	7.90%
Debt instrument, maturity year	2012	2012
Recourse Debt \| Revenue Bonds, With Interest Rates Averaging 6.4%, Due In Varying Amounts Periodically Through 2029
Debt Instrument [Line Items]
Debt instrument interest, percentage	6.40%	6.40%
Debt instrument, maturity year	2029	2029
Recourse Debt \| American And Foreign Power Company Inc Five Percent Debentures Due In Two Thousand And Thirty
Debt Instrument [Line Items]
Debt instrument interest, percentage	5.00%	5.00%
Debt instrument, maturity year	2030	2030
Recourse Debt \| Grupo OfficeMax Installment Loans, Due In Monthly Installments Through 2014
Debt Instrument [Line Items]
Debt instrument, maturity year	2014	2014
Recourse Debt \| Other indebtedness, with interest rates averaging 6.6% and 6.8%, due in varying amounts annually through 2019
Debt Instrument [Line Items]
Debt instrument interest, percentage	6.60%	6.80%
Debt instrument, maturity year	2019	2019
Non-Recourse Debt \| 5.42% Securitized Timber Notes, Due In 2019
Debt Instrument [Line Items]
Non-recourse debt interest, percentage	5.42%	5.42%
Debt instrument, maturity year	2019	2019
Non-Recourse Debt \| 5.54% Securitized Timber Notes, Due In 2019
Debt Instrument [Line Items]
Non-recourse debt interest, percentage	5.54%	5.54%
Debt instrument, maturity year	2019	2019

Payments of Recourse Debt (Detail) - Recourse Debt - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011
Debt Instrument [Line Items]
2013	$ 10,232
2014	1,574
2015	213
2016	20,264
2017	115
Thereafter	204,272
Total	$ 236,670	$ 268,694

Debt - Additional Information (Detail) $ in Millions	1 Months Ended		3 Months Ended	12 Months Ended
Debt - Additional Information (Detail) $ in Millions	Oct. 31, 2011 USD ($)	Mar. 31, 2010 Entity	Jun. 30, 2012 USD ($)	Dec. 29, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 25, 2010 USD ($)	Oct. 07, 2011 USD ($)	Mar. 15, 2010 AUD ($)
Debt Instrument [Line Items]
Fees on letters of credit				1.75%
Unused line fee rate				0.50%
Number of wholly-owned subsidiaries \| Entity		5
Borrowing under the credit agreements				$ 0
Minimum
Debt Instrument [Line Items]
Unused line fee rate				0.375%
Maximum
Debt Instrument [Line Items]
Unused line fee rate				0.50%
Grupo OfficeMax
Debt Instrument [Line Items]
Other borrowings				$ 11,100,000
Series A Senior Notes \| Medium-term Notes
Debt Instrument [Line Items]
Repayment of note			$ 35,000,000
Including interest payments related to the securitization notes
Debt Instrument [Line Items]
Cash payments for interest, net of interest capitalized				64,600,000	$ 69,800,000	$ 68,900,000
Excluding interest payments related to the securitization notes
Debt Instrument [Line Items]
Cash payments for interest, net of interest capitalized				24,700,000	$ 29,900,000	$ 29,100,000
Australia/New Zealand Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity under the facility agreement								$ 80
Initiation date of credit agreement		Mar. 15, 2010
Expiration date of credit agreement		Mar. 30, 2012
North American Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity under the facility agreement							$ 650,000,000
Maximum borrowing increase or reduce capacity under the facility agreement	$ 850,000,000
Maximum amount of letters of credit allowed per revolving credit agreement				$ 41,000,000			250,000,000
North American Agreement \| Minimum
Debt Instrument [Line Items]
Fees on letters of credit				1.25%
North American Agreement \| Maximum
Debt Instrument [Line Items]
Fees on letters of credit				2.25%
North American Agreement \| Canadian Subsidiary
Debt Instrument [Line Items]
Maximum borrowing capacity under the facility agreement							50,000,000
North American Agreement \| Other Participating North American Subsidiaries
Debt Instrument [Line Items]
Maximum borrowing capacity under the facility agreement							$ 600,000,000
60-Month Installment \| Grupo OfficeMax \| Unsecured Debt
Debt Instrument [Line Items]
Other borrowings				$ 2,700,000
54-Month Installment \| Grupo OfficeMax \| Secured Debt
Debt Instrument [Line Items]
Other borrowings				2,300,000
Simple Revolving Loan \| Grupo OfficeMax
Debt Instrument [Line Items]
Other borrowings				$ 6,100,000

Availability Under Company Credit Agreements (Detail) - North American Agreement - USD ($) $ in Millions	Dec. 29, 2012	Oct. 07, 2011
Debt Instrument [Line Items]
Maximum aggregate available borrowing amount	$ 621.2
Less: Stand-by letters of credit	(41.0)	$ (250.0)
Amount available for borrowing at fiscal year-end	$ 580.2

Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011	Dec. 31, 2004	Oct. 31, 2004
Fair Value of Financial Instruments [Line Items]
Timber notes receivable fair value	$ 986,365
Fair Value of Recourse Debt	229,431	$ 240,754
Fair Value of Non-Recourse Debt	903,912
Carrying Amount of Timber notes receivable	817,500			$ 1,635,000
Carrying Amount of Recourse debt	236,194	268,190
Carrying Amount of Non-recourse debt	735,000	1,470,000	$ 1,470,000
Wachovia
Fair Value of Financial Instruments [Line Items]
Timber notes receivable fair value		943,706
Fair Value of Non-Recourse Debt		858,779
Carrying Amount of Timber notes receivable		817,500
Carrying Amount of Non-recourse debt		735,000
Lehman
Fair Value of Financial Instruments [Line Items]
Timber notes receivable fair value		81,750
Fair Value of Non-Recourse Debt		81,750
Carrying Amount of Timber notes receivable		81,750
Carrying Amount of Non-recourse debt		735,000
Level 1
Fair Value of Financial Instruments [Line Items]
Fair Value of Recourse Debt		62,293
Level 2
Fair Value of Financial Instruments [Line Items]
Timber notes receivable fair value	986,365
Fair Value of Recourse Debt	229,431	178,461
Fair Value of Non-Recourse Debt	$ 903,912
Level 2 \| Wachovia
Fair Value of Financial Instruments [Line Items]
Timber notes receivable fair value		943,706
Fair Value of Non-Recourse Debt		858,779
Level 3 \| Lehman
Fair Value of Financial Instruments [Line Items]
Timber notes receivable fair value		81,750
Fair Value of Non-Recourse Debt		$ 81,750

Changes in Pension and Other Postretirement Benefit Obligations and Plan Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation at beginning of year	$ 1,365,281	$ 1,297,655
Service cost	3,740	2,546	$ 3,164
Interest cost	64,688	70,176	74,213
Actuarial loss	100,004	94,656
Benefits paid	(253,165)	(99,752)
Benefit obligation at end of year	1,280,548	1,365,281	1,297,655
Balance at December 31, 2011	1,035,731	1,117,413
Actual return on plan assets	175,489	14,746
Employer contributions	21,078	3,324
Benefits paid	(253,165)	(99,752)
Balance at December 31, 2012	979,133	1,035,731	1,117,413
Funded status	(301,415)	(329,550)
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation at beginning of year	22,252	24,021
Service cost	292	227	263
Interest cost	936	1,006	1,213
Actuarial loss	1,819	(1,334)
Changes due to exchange rates	469	(346)
Benefits paid	(1,734)	(1,322)
Benefit obligation at end of year	24,034	22,252	$ 24,021
Employer contributions	1,734	1,322
Benefits paid	(1,734)	(1,322)
Funded status	$ (24,034)	$ (22,252)

Amounts Recognized in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	$ (3,293)	$ (6,530)
Noncurrent liabilities	(298,122)	(323,020)
Net amount recognized	(301,415)	(329,550)
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	(1,195)	(1,243)
Noncurrent liabilities	(22,839)	(21,009)
Net amount recognized	$ (24,034)	$ (22,252)

- Definition

This represents the noncurrent liability recognized in the balance sheet that is associated with the defined benefit pension plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2410-114920

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.24)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=21915240&loc=d3e1703-114919

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2417-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Amounts Recognized in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net loss	$ 481,501	$ 548,212
Total	481,501	548,212	$ 406,465
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Net loss	6,157	4,486
Prior service cost (credit)	(18,131)	(22,138)
Total	$ (11,974)	$ (17,652)	$ (20,093)

- Definition

The pretax net amount of gains and losses that are not yet recognized as a component of net periodic benefit cost, and that are recognized as increases or decreases in other comprehensive income as they arise. Gains and losses are due to changes in the value of either the benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption, or the consequence of a decision to temporarily deviate from the substantive plan.

+ References + Details

- Definition

Amount related to the pretax cost of benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation, which has not yet been recognized as components of net periodic benefit cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Glossary Prior Service Cost
-URI http://asc.fasb.org/extlink&oid=6521920

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 30
-Glossary Prior Service Cost
-URI http://asc.fasb.org/extlink&oid=6521884

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph i
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Retirement and Benefit Plans - Additional Information (Detail) $ in Thousands, shares in Millions	3 Months Ended	12 Months Ended
	Dec. 29, 2012 USD ($) shares	Dec. 29, 2012 USD ($) Employee shares	Dec. 31, 2011 USD ($)	Dec. 25, 2010 USD ($)	Dec. 26, 2009 shares
Pension and Other Postretirement Benefits Disclosure [Line Items]
Accumulated benefit obligation	$ 1,280,500	$ 1,280,500	$ 1,365,300
Amortization from accumulated comprehensive loss in next fiscal year		$ 21,300
Estimated number of participants eligible to elect an immediate lump sum payment or annuity \| Employee		9,800
Number of participants elected annuity payment \| Employee		300
Number of participants elected immediate lump sum payment \| Employee		5,600
Non-cash pre-tax charge resulting from participants electing annuity or immediate lump sum payment	$ 56,400	$ 56,000
Assumed healthcare cost trend rates		$ 1,500
Stock contribution to pension plan, Shares \| shares					8.3
Shares held by the plan \| shares	1.7	1.7
Shares held by the plan, value	$ 16,200	$ 16,200
Pension contribution		21,100	3,300	$ 3,400
Expected pension contributions in 2013		$ 3,300
OfficeMax Common Stock
Pension and Other Postretirement Benefits Disclosure [Line Items]
Common stock, minimum range		0.00%
Common stock, maximum range		15.00%
U.S. Equity Securities
Pension and Other Postretirement Benefits Disclosure [Line Items]
Common stock, minimum range		25.00%
Common stock, maximum range		35.00%
International Equity Securities
Pension and Other Postretirement Benefits Disclosure [Line Items]
Common stock, minimum range		9.00%
Common stock, maximum range		19.00%
Global Equity Securities
Pension and Other Postretirement Benefits Disclosure [Line Items]
Common stock, minimum range		6.00%
Common stock, maximum range		16.00%
Fixed Income Securities
Pension and Other Postretirement Benefits Disclosure [Line Items]
Common stock, minimum range		38.00%
Common stock, maximum range		48.00%
Other Postretirement Benefits
Pension and Other Postretirement Benefits Disclosure [Line Items]
Amortization of estimated net loss		$ 400
Amortization of prior service (cost) credit		4,000
Benefit Paid		1,734	1,322
Defined Benefit Plan Lump Sum Payments
Pension and Other Postretirement Benefits Disclosure [Line Items]
Benefit Paid		150,000
Reduction in pension benefit obligation liability	$ (190,000)	(190,000)
Pension Benefits
Pension and Other Postretirement Benefits Disclosure [Line Items]
Benefit Paid		$ 253,165	99,752
Weighted average expected return on plan assets		7.80%
Defined Contribution Savings Plans
Pension and Other Postretirement Benefits Disclosure [Line Items]
Pension contribution		$ 6,100	$ 7,000	$ 3,200

Accumulated Benefit Obligation in Excess of Plan Assets (Detail) - Pension Benefits - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 1,280,548	$ 1,365,281
Accumulated benefit obligation	1,280,548	1,365,281
Fair value of plan assets	$ 979,133	$ 1,035,731

Components of Net Periodic Pension and Other Postretirement Benefit Costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3,740	$ 2,546	$ 3,164
Interest cost	64,688	70,176	74,213
Expected return on plan assets	(83,094)	(79,289)	(83,494)
Recognized actuarial loss	17,954	17,371	13,239
Other		80	149
Net periodic benefit cost (income)	3,288	10,884	7,271
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	292	227	263
Interest cost	936	1,006	1,213
Recognized actuarial loss	201	220	224
Amortization of prior service credits	(4,008)	(4,009)	(4,006)
Net periodic benefit cost (income)	$ (2,579)	$ (2,556)	$ (2,306)

Changes in Plan Assets and Benefit Obligations Recognized In Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Accumulated other comprehensive (income) loss at beginning of year	$ 548,212	$ 406,465
Net loss (gain)	7,610	159,118
Reduction due to settlement	(56,367)
Amortization of net loss	(17,954)	(17,371)	$ (13,239)
Accumulated other comprehensive (income) loss at end of year	481,501	548,212	406,465
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Accumulated other comprehensive (income) loss at beginning of year	(17,652)	(20,093)
Net loss (gain)	1,819	(1,334)
Amortization of net loss	(201)	(220)	(224)
Amortization of prior service credits	4,008	4,009	4,006
Canadian rate adjustment	52	(14)
Accumulated other comprehensive (income) loss at end of year	$ (11,974)	$ (17,652)	$ (20,093)

Weighted Average Assumptions Used in Measurement of Benefit Obligations (Detail)	Dec. 29, 2012	Dec. 31, 2011
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.88%	4.93%
Other Postretirement Benefits \| United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.10%	3.70%
Other Postretirement Benefits \| Canada
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.00%	4.50%

Weighted Average Assumptions Used in Measurement of Net Periodic Benefit Cost (Detail)	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.93%	5.64%	6.15%
Expected long-term return on plan assets	8.20%	8.20%	8.20%
Other Postretirement Benefits \| United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.70%	4.50%	5.10%
Other Postretirement Benefits \| Canada
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.50%	5.30%	6.40%

Assumed Healthcare Cost Trend Rates (Detail)	12 Months Ended
Assumed Healthcare Cost Trend Rates (Detail)	Dec. 29, 2012	Dec. 31, 2011
Health Care Cost Trend Rates Assumptions [Line Items]
Healthcare cost trend rate assumed for next year	6.00%	6.50%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2015	2015

Allocation of Pension Plan Assets (Detail)	Dec. 29, 2012	Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	100.00%	100.00%
OfficeMax Common Stock
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	1.70%	1.20%
U.S. Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	31.00%	27.00%
International Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	15.30%	10.30%
Global Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	11.30%	15.80%
Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	40.70%	45.70%

Pension Plan Assets by Level Within Fair Value Hierarchy (Detail) - USD ($) $ in Thousands	Dec. 29, 2012	Dec. 31, 2011
Level 1
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	$ 124,236	$ 170,055
Level 1 \| Equity Securities \| OfficeMax Common Stock
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	16,232	12,585
Level 1 \| Equity Securities \| U.S. Large-Cap
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	19,184	53,629
Level 1 \| Equity Securities \| U.S. Small And Mid-Cap
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	7,855	13,529
Level 1 \| Equity Securities \| International
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	78,446	84,647
Level 1 \| Other \| Other, Including Plan Receivables And Payables
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	2,519	5,665
Level 2
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	848,710	860,014
Level 2 \| Money Market Funds
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	26,244	19,280
Level 2 \| Fixed Income Funds \| Corporate Bond
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	326,344	421,027
Level 2 \| Fixed Income Funds \| Government Securities
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	13,378	7,785
Level 2 \| Fixed Income Funds \| Other Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	29,286	24,907
Level 2 \| Other \| Equity Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	453,458	385,862
Level 2 \| Other \| Other, Including Plan Receivables And Payables
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total		1,153
Level 3
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	6,187	5,662
Level 3 \| Other \| Group Annuity Contracts
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset, total	$ 6,187	$ 5,662

Change in Fair Value of Pension Plan Assets Based on Level Three Inputs (Detail) - Level 3 $ in Thousands	12 Months Ended
	Dec. 29, 2012 USD ($)
Retirement And Benefit Plans
Balance at December 31, 2011	$ 5,662
Benefit payments and administrative expenses	(9)
Investment income and net appreciation in investments	534
Balance at December 31, 2012	$ 6,187

- Definition

Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets.

+ References + Details

Pension Benefit Payments (Detail) $ in Thousands	Dec. 29, 2012 USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2013	$ 95,892
2014	94,316
2015	92,106
2016	90,218
2017	88,242
2018-2022	410,655
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
2013	1,195
2014	1,166
2015	1,140
2016	1,126
2017	1,126
2018-2022	$ 5,577

Shareholders' Equity - Additional Information (Detail) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 29, 2012 USD ($) Right $ / shares shares	Dec. 31, 2011 USD ($) shares	Dec. 25, 2010 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock-shares outstanding	608,693	638,353
Common stock - shares authorized	200,000,000	200,000,000
Common stock - shares issued	86,883,521
Common stock - shares outstanding	86,883,521	86,158,662
Common stock - reserved	9,352,668
Pre-tax compensation expense \| $	$ 10.3	$ 16.7	$ 13.2
Total income tax benefit recognized in the income statement for share-based compensation arrangements \| $	$ 4.0	$ 6.5	$ 5.1
Company allocation of stock units matched with deferrals used for purchase	25.00%
Stock units allocated to executive officers	1,185	2,441
Expiration of grant date fair value	7 years
Stock option, vesting period	3 years
Aggregate intrinsic value for outstanding stock options \| $	$ 10.8
Aggregate intrinsic value for exercisable stock options \| $	$ 3.2
Company granted stock options	2,087,453	1,457,280	2,060,246
Risk-free interest rate	1.41%	1.92%	2.12%
Expected life, in years	4 years 6 months	4 years 6 months	3 years 8 months 12 days
Expected stock price volatility	72.59%	65.17%	67.21%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining compensation expense to be recognized \| $	$ 0.9
Convertible restricted stock units	1
Restricted Stock \| Additional Paid-In Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense \| $	$ 2.2	$ 5.6	$ 8.0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining compensation expense to be recognized \| $	5.3
Stock Options \| Additional Paid-In Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense \| $	$ 8.1	$ 11.1	$ 5.2
Performance Based Restricted Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested RSUs outstanding, performance-based RSUs shares		96,755	349,229
Shares of performance-based RSU, reserved for issuance	433,460
Series D ESOP Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock-shares outstanding	608,693	638,353
Preferred stock - dividend percentage	7.375%
Preferred stock - liquidation preference, per share \| $ / shares	$ 45
Preferred Stock - voting right \| Right	1
Cumulative dividend \| $ / shares	$ 3.31875
Preferred stock - conversion shares	0.82168
Common stock - reserved	875,987
2003 Director Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock - reserved	57,187
2003 OfficeMax Incentive And Performance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock - reserved	8,410,834

Common Stock Reserved (Detail)	Dec. 29, 2012 shares
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock - reserved	9,352,668
Series D ESOP Preferred Stock
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock - reserved	875,987
2003 OfficeMax Incentive And Performance Plan
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock - reserved	8,410,834
Director Stock Compensation Plan
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock - reserved	7,475
2001 Key Executive Deferred Compensation Plan
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock - reserved	1,185
2003 Director Stock Compensation Plan
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock - reserved	57,187

Accumulated Other Comprehensive Income Loss (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, Pension and Postretirement Liability Adjustment	$ (325,577)	$ (236,823)
Current-period changes, before taxes, Pension and Postretirement Liability Adjustment	60,732	(144,236)
Income taxes, Pension and Postretirement Liability Adjustment	(23,605)	55,482
Ending balance, Pension and Postretirement Liability Adjustment	(288,450)	(325,577)
Beginning balance, Foreign Currency Translation Adjustment	135,759	141,954
Current-period changes, before taxes, Foreign Currency Translation Adjustment	15,170	(6,195)
Income taxes, Foreign Currency Translation Adjustment
Ending balance, Foreign Currency Translation Adjustment	150,929	135,759
Beginning balance, Unrealized Hedge Loss Adjustment	157	(884)
Current-period changes, before taxes, Unrealized Hedge Loss Adjustment	(203)	1,435
Income taxes, Unrealized Hedge Loss Adjustment	46	(394)
Ending balance, Unrealized Hedge Loss Adjustment		157
Beginning balance, Accumulated Other Comprehensive Income (Loss)	(189,661)	(95,753)
Current-period changes, before taxes, Accumulated Other Comprehensive Income (Loss)	75,699	(148,996)
Income taxes, Accumulated Other Comprehensive Income (Loss)	(23,559)	55,088
Ending balance, Accumulated Other Comprehensive Income (Loss)	$ (137,521)	$ (189,661)

Summary of Restricted Stock and Restricted Stock Unit Activity (Detail) - $ / shares	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Share
Nonvested, Beginning, Shares	1,488,250	2,111,135	1,929,945
Granted, Shares	653,385	648,224	872,534
Vested, Shares	(694,293)	(1,047,406)	(1,492)
Forfeited, Shares	(129,586)	(223,703)	(689,852)
Nonvested, Ending, Shares	1,317,756	1,488,250	2,111,135
Weighted-Average Grant Date Fair Value Per Share
Nonvested, Beginning, Weighted-Average Grant Date Fair Value Per Share	$ 12.15	$ 13.89	$ 16.24
Granted, Weighted-Average Grant Date Fair Value Per Share	5.66	12.17	13.81
Vested, Weighted-Average Grant Date Fair Value Per Share	8.97	15.77	33.70
Forfeited, Weighted-Average Grant Date Fair Value Per Share	11.18	11.64	20.34
Nonvested, Ending, Weighted-Average Grant Date Fair Value Per Share	$ 10.70	$ 12.15	$ 13.89

Summary of Stock Option Activity (Detail) - $ / shares	12 Months Ended
Summary of Stock Option Activity (Detail) - $ / shares	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Share
Balance at beginning of year, Shares	4,816,552	4,313,290	3,249,773
Options granted, Shares	2,087,453	1,457,280	2,060,246
Options exercised, Shares	(212,441)	(405,988)	(408,519)
Options forfeited and expired, Shares	(1,478,826)	(548,030)	(588,210)
Balance at end of year, shares	5,212,738	4,816,552	4,313,290
Exercisable at end of year, Shares	2,043,625	2,122,136	1,301,257
Weighted average fair value of options granted (Black-Scholes)	$ 3.27	$ 7.07	$ 8.08
Wtd. Avg. Ex. Price
Balance at beginning of year, Weighted Average Exercise Price	16.86	16.52	15.14
Options granted, Weighted Average Exercise Price	5.72	13.33	16.24
Options exercised, Weighted Average Exercise Price	4.84	4.80	4.80
Options forfeited and expired, Weighted Average Exercise Price	25.03	13.80	16.02
Balance at end of year, Weighted Average Exercise Price	$ 10.57	$ 16.86	$ 16.52

Summary of Stock Options Outstanding (Detail)	12 Months Ended
Summary of Stock Options Outstanding (Detail)	Dec. 29, 2012 $ / shares shares
$2.50
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	$ 2.50
Options Outstanding \| shares	11,171
Options Outstanding, Weighted Average Exercise Price	$ 2.50
Options Exercisable \| shares	11,171
Options Exercisable, Weighted Average Exercise Price	$ 2.50
$4.00 - $9.99
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	4.00
Maximum Exercise Price	$ 9.99
Options Outstanding \| shares	2,839,791
Options Outstanding, Weighted Average Contractual Life (Years)	5 years 6 months
Options Outstanding, Weighted Average Exercise Price	$ 5.50
Options Exercisable \| shares	705,713
Options Exercisable, Weighted Average Exercise Price	$ 4.83
$10.00 - $16.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	10.00
Maximum Exercise Price	$ 16.00
Options Outstanding \| shares	666,084
Options Outstanding, Weighted Average Contractual Life (Years)	4 years 2 months 12 days
Options Outstanding, Weighted Average Exercise Price	$ 14.04
Options Exercisable \| shares	423,971
Options Exercisable, Weighted Average Exercise Price	$ 14.26
$16.00 - $17.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	16.00
Maximum Exercise Price	$ 17.00
Options Outstanding \| shares	704,692
Options Outstanding, Weighted Average Contractual Life (Years)	5 years 1 month 6 days
Options Outstanding, Weighted Average Exercise Price	$ 16.86
Options Exercisable \| shares	236,770
Options Exercisable, Weighted Average Exercise Price	$ 16.86
$18.00 - $19.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	18.00
Maximum Exercise Price	$ 19.00
Options Outstanding \| shares	975,000
Options Outstanding, Weighted Average Contractual Life (Years)	4 years 10 months 24 days
Options Outstanding, Weighted Average Exercise Price	$ 18.15
Options Exercisable \| shares	650,000
Options Exercisable, Weighted Average Exercise Price	$ 18.15
$24.00 - $37.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum Exercise Price	24.00
Maximum Exercise Price	$ 37.00
Options Outstanding \| shares	16,000
Options Outstanding, Weighted Average Contractual Life (Years)	1 year 7 months 6 days
Options Outstanding, Weighted Average Exercise Price	$ 30.37
Options Exercisable \| shares	16,000
Options Exercisable, Weighted Average Exercise Price	$ 30.37

Segment Information - Additional information (Detail)	12 Months Ended
Segment Information - Additional information (Detail)	Dec. 29, 2012 Segment
Segment Reporting Information [Line Items]
Number of reportable segments	3

Summary of Net Sales and Non Current Assets by Geography (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 29, 2012

Sep. 29, 2012

^[2]

Jun. 30, 2012

Mar. 31, 2012

^[3]

Dec. 31, 2011

Sep. 24, 2011

Jun. 25, 2011

^[5]

Mar. 26, 2011

Dec. 29, 2012

Dec. 31, 2011

Dec. 25, 2010

Segment Reporting Information [Line Items]

Net sales

$ 1,700,500

^[1]

$ 1,744,600

$ 1,602,400

$ 1,872,900

$ 1,835,800

^[4]

$ 1,774,800

$ 1,647,600

$ 1,863,000

$ 6,920,384

$ 7,121,167

$ 7,150,007

Non-current assets

1,800,431

2,130,301

1,800,431

2,130,301

2,064,643

United States

Segment Reporting Information [Line Items]

Net sales

5,491,976

5,671,738

5,770,036

Non-current assets

1,660,961

1,992,674

1,660,961

1,992,674

1,924,982

Foreign

Segment Reporting Information [Line Items]

Net sales

1,428,408

1,449,429

1,379,971

Non-current assets

$ 139,470

$ 137,627

$ 139,470

$ 137,627

$ 139,661

[1]	Includes a $56.4 million pre-tax charge for acceleration of pension expense related to participant settlements, $14.1 million pre-tax charge related to retail store closures, $6.2 million of pre-tax charges related to severance and other costs associated with restructuring, and a $1.6 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores, primarily in Mexico.
[2]	Includes a $670.8 million pre-tax gain related to an agreement that legally extinguished our non-recourse debt guaranteed by Lehman and a $9.8 million non-cash pre-tax charge to impair fixed assets associated with our retail stores in the U.S.
[3]	Includes a $25.3 million pre-tax charge related to retail store closures in the U.S.
[4]	Includes an $11.2 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in the U.S. and $6.6 million of pre-tax charges for severance.
[5]	Includes a $5.6 million pre-tax charge related to retail store closures in the U.S., and $8.3 million of pre-tax charges for severance.

Segment Sales to External Customers by Product Line (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 29, 2012

^[1]

Sep. 29, 2012

^[2]

Jun. 30, 2012

Mar. 31, 2012

^[3]

Dec. 31, 2011

^[4]

Sep. 24, 2011

Jun. 25, 2011

^[5]

Mar. 26, 2011

Dec. 29, 2012

Dec. 31, 2011

Dec. 25, 2010

Segment Reporting Information [Line Items]

Segment sales to external customers

$ 1,700,500

$ 1,744,600

$ 1,602,400

$ 1,872,900

$ 1,835,800

$ 1,774,800

$ 1,647,600

$ 1,863,000

$ 6,920,384

$ 7,121,167

$ 7,150,007

Office Supplies And Paper

Segment Reporting Information [Line Items]

Segment sales to external customers

3,473,430

3,513,356

3,555,275

Technology Products

Segment Reporting Information [Line Items]

Segment sales to external customers

2,800,866

2,967,124

3,020,091

Office furniture

Segment Reporting Information [Line Items]

Segment sales to external customers

646,088

640,687

574,641

Contract

Segment Reporting Information [Line Items]

Segment sales to external customers

3,605,760

3,624,077

3,634,244

Contract | Office Supplies And Paper

Segment Reporting Information [Line Items]

Segment sales to external customers

2,061,908

2,076,052

2,086,629

Contract | Technology Products

Segment Reporting Information [Line Items]

Segment sales to external customers

1,130,564

1,142,168

1,185,461

Contract | Office furniture

Segment Reporting Information [Line Items]

Segment sales to external customers

413,288

405,857

362,154

Retail

Segment Reporting Information [Line Items]

Segment sales to external customers

3,314,624

3,497,090

3,515,763

Retail | Office Supplies And Paper

Segment Reporting Information [Line Items]

Segment sales to external customers

1,411,522

1,437,304

1,468,646

Retail | Technology Products

Segment Reporting Information [Line Items]

Segment sales to external customers

1,670,302

1,824,956

1,834,630

Retail | Office furniture

Segment Reporting Information [Line Items]

Segment sales to external customers

$ 232,800

$ 234,830

$ 212,487

[1]	Includes a $56.4 million pre-tax charge for acceleration of pension expense related to participant settlements, $14.1 million pre-tax charge related to retail store closures, $6.2 million of pre-tax charges related to severance and other costs associated with restructuring, and a $1.6 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores, primarily in Mexico.
[2]	Includes a $670.8 million pre-tax gain related to an agreement that legally extinguished our non-recourse debt guaranteed by Lehman and a $9.8 million non-cash pre-tax charge to impair fixed assets associated with our retail stores in the U.S.
[3]	Includes a $25.3 million pre-tax charge related to retail store closures in the U.S.
[4]	Includes an $11.2 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in the U.S. and $6.6 million of pre-tax charges for severance.
[5]	Includes a $5.6 million pre-tax charge related to retail store closures in the U.S., and $8.3 million of pre-tax charges for severance.

Operations By Segment (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 29, 2012

^[1]

Sep. 29, 2012

^[2]

Jun. 30, 2012

Mar. 31, 2012

^[3]

Dec. 31, 2011

^[4]

Sep. 24, 2011

Jun. 25, 2011

^[5]

Mar. 26, 2011

Dec. 29, 2012

Dec. 31, 2011

Dec. 25, 2010

Segment Reporting Information [Line Items]

Sales

$ 1,700,500

$ 1,744,600

$ 1,602,400

$ 1,872,900

$ 1,835,800

$ 1,774,800

$ 1,647,600

$ 1,863,000

$ 6,920,384

$ 7,121,167

$ 7,150,007

Segment income (loss)

139,212

118,213

160,522

Asset impairments

(11,376)

(11,197)

(10,979)

Other operating expense

(103,558)

(20,530)

(3,077)

Operating income (loss)

$ (50,100)

$ 33,500

$ 23,100

$ 17,800

$ 12,600

$ 41,300

$ 4,000

$ 28,600

24,278

86,486

146,466

Contract

Segment Reporting Information [Line Items]

Sales

3,605,760

3,624,077

3,634,244

Segment income (loss)

102,403

77,681

94,342

Other operating expense

(28,436)

(13,984)

(60)

Operating income (loss)

73,967

63,697

94,282

Retail

Segment Reporting Information [Line Items]

Sales

3,314,624

3,497,090

3,515,763

Segment income (loss)

69,867

75,293

103,903

Asset impairments

(11,376)

(11,197)

(10,979)

Other operating expense

(41,430)

(5,858)

(12,505)

Operating income (loss)

17,061

58,238

80,419

Corporate And Other

Segment Reporting Information [Line Items]

Segment income (loss)

(33,058)

(34,761)

(37,723)

Other operating expense

(33,692)

(688)

9,488

Operating income (loss)

$ (66,750)

$ (35,449)

$ (28,235)

[1]	Includes a $56.4 million pre-tax charge for acceleration of pension expense related to participant settlements, $14.1 million pre-tax charge related to retail store closures, $6.2 million of pre-tax charges related to severance and other costs associated with restructuring, and a $1.6 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores, primarily in Mexico.
[2]	Includes a $670.8 million pre-tax gain related to an agreement that legally extinguished our non-recourse debt guaranteed by Lehman and a $9.8 million non-cash pre-tax charge to impair fixed assets associated with our retail stores in the U.S.
[3]	Includes a $25.3 million pre-tax charge related to retail store closures in the U.S.
[4]	Includes an $11.2 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in the U.S. and $6.6 million of pre-tax charges for severance.
[5]	Includes a $5.6 million pre-tax charge related to retail store closures in the U.S., and $8.3 million of pre-tax charges for severance.

Other Selected Items by Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 74,124	$ 84,218	$ 100,936
Capital expenditures	87,178	69,632	93,511
Assets	3,784,315	4,069,275	4,078,929
Contract
Segment Reporting Information [Line Items]
Depreciation and amortization	30,943	30,587	51,630
Capital expenditures	39,292	25,964	61,165
Assets	1,094,411	1,001,161	1,039,800
Retail
Segment Reporting Information [Line Items]
Depreciation and amortization	40,897	50,550	49,283
Capital expenditures	47,312	35,831	32,346
Assets	1,157,158	1,240,541	1,209,635
Corporate And Other
Segment Reporting Information [Line Items]
Depreciation and amortization	2,284	3,081	23
Capital expenditures	574	7,837
Assets	$ 1,532,746	$ 1,827,573	$ 1,829,494

Commitments and Guarantees - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 29, 2012 USD ($) Leases	Dec. 31, 2011 USD ($)	Dec. 25, 2010 USD ($)
Commitments And Guarantees [Line Items]
Expiration date of supply contract	Dec. 31, 2017
Purchases under agreement	$ 645.5	$ 630.1	$ 615.6
Percentage of minority owner's interest in joint venture	49.00%
Estimated purchase price of minority owner's interest	$ 43.7
Number of operating leases \| Leases	7
Expiration date of operating leases assuming exercise of renewal options	2019
Payments for rent	$ 3.5

Schedule of Quarterly Financial Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 29, 2012

^[1]

Sep. 29, 2012

^[2]

Jun. 30, 2012

Mar. 31, 2012

^[3]

Dec. 31, 2011

^[4]

Sep. 24, 2011

Jun. 25, 2011

^[5]

Mar. 26, 2011

Dec. 29, 2012

Dec. 31, 2011

Dec. 25, 2010

Quarterly Financial Information [Line Items]

Sales

$ 1,700,500

$ 1,744,600

$ 1,602,400

$ 1,872,900

$ 1,835,800

$ 1,774,800

$ 1,647,600

$ 1,863,000

$ 6,920,384

$ 7,121,167

$ 7,150,007

Gross Profit

$ 431,800

$ 460,400

$ 409,500

$ 482,800

$ 449,900

$ 459,700

$ 425,100

$ 474,500

1,784,457

1,809,180

1,849,652

Percent of sales

25.40%

26.40%

25.60%

25.80%

24.50%

25.90%

25.80%

25.50%

Operating income

$ (50,100)

$ 33,500

$ 23,100

$ 17,800

$ 12,600

$ 41,300

$ 4,000

$ 28,600

24,278

86,486

146,466

Net income (loss) available to OfficeMax common shareholders

$ (33,900)

$ 433,000

$ 10,700

$ 4,900

$ 2,900

$ 21,500

$ (3,000)

$ 11,400

$ 414,694

$ 32,771

$ 68,628

Basic

$ (0.39)

^[6]

$ 5.00

^[6]

$ 0.12

^[6]

$ 0.06

^[6]

$ 0.03

^[6]

$ 0.25

^[6]

$ (0.04)

^[6]

$ 0.13

^[6]

$ 4.79

$ 0.38

$ 0.81

Diluted

(0.39)

^[6]

4.92

^[6]

0.12

^[6]

0.06

^[6]

0.03

^[6]

0.25

^[6]

(0.04)

^[6]

0.13

^[6]

4.74

0.38

$ 0.79

Common stock dividends paid per share

0.02

High

Quarterly Financial Information [Line Items]

High

^[7]

10.62

8.33

5.95

6.33

5.93

8.82

14.36

18.95

10.62

^[1]

5.93

^[4]

Low

Quarterly Financial Information [Line Items]

High

^[7]

$ 7.04

$ 4.20

$ 4.10

$ 4.46

$ 3.90

$ 4.46

$ 6.05

$ 12.24

$ 7.04

^[1]

$ 3.90

^[4]

[1]	Includes a $56.4 million pre-tax charge for acceleration of pension expense related to participant settlements, $14.1 million pre-tax charge related to retail store closures, $6.2 million of pre-tax charges related to severance and other costs associated with restructuring, and a $1.6 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores, primarily in Mexico.
[2]	Includes a $670.8 million pre-tax gain related to an agreement that legally extinguished our non-recourse debt guaranteed by Lehman and a $9.8 million non-cash pre-tax charge to impair fixed assets associated with our retail stores in the U.S.
[3]	Includes a $25.3 million pre-tax charge related to retail store closures in the U.S.
[4]	Includes an $11.2 million non-cash pre-tax charge to impair fixed assets associated with our Retail stores in the U.S. and $6.6 million of pre-tax charges for severance.
[5]	Includes a $5.6 million pre-tax charge related to retail store closures in the U.S., and $8.3 million of pre-tax charges for severance.
[6]	Quarters added together may not equal full year amount because each quarter is calculated on a stand-alone basis.
[7]	The Company's common stock (symbol OMX) is traded on the New York Stock Exchange.

Schedule of Quarterly Financial Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended					12 Months Ended
	Dec. 29, 2012	Sep. 29, 2012	Mar. 31, 2012	Dec. 31, 2011	Jun. 25, 2011	Dec. 29, 2012	Dec. 31, 2011	Dec. 25, 2010
Quarterly Financial Information [Line Items]
Pre-tax gain on extinguishment of non-recourse debt		$ 670,800				$ 670,766
Pre-tax charge for acceleration of pension expense related to participant settlements	$ 56,400					56,000
Pre-tax charges for severance						6,200	$ 14,900
Pre-tax charge to impair fixed assets						11,400	11,200	$ 11,000
Retail Segment
Quarterly Financial Information [Line Items]
Pre-tax charge related to Retail store closures	14,100		$ 25,300		$ 5,600	$ 41,000	$ 5,600	$ 13,100
Pre-tax charges for severance and other costs	6,200
Pre-tax charges for severance				$ 6,600	$ 8,300
Pre-tax charge to impair fixed assets				$ 11,200
Retail Segment \| United States
Quarterly Financial Information [Line Items]
Non-cash pre-tax charge to impair fixed assets		$ 9,800
Retail Segment \| MEXICO
Quarterly Financial Information [Line Items]
Non-cash pre-tax charge to impair fixed assets	$ 1,600

Subsequent Event (Detail)	1 Months Ended
Subsequent Event (Detail)	Feb. 20, 2013
Merger Agreement with Office Depot
Subsequent Event [Line Items]
Merger agreement, number of shares shareholders will have the right to receive per share of OfficeMax common stock	2.69