| Quarterly Summary |
Quarterly Summary (Unaudited) | | | | | | | | | | | | | | | | | | | | (In thousands, except per share amounts) | | | First Quarter | | Second Quarter(1) | | Third Quarter | | Fourth Quarter | Fiscal Year Ended January 28, 2012 | | | | | | | | | Sales | | $ | 6,172,938 |
| | $ | 5,819,612 |
| | $ | 6,569,927 |
| | $ | 6,459,715 |
| Gross profit | | 1,636,393 |
| | 1,540,380 |
| | 1,832,781 |
| | 1,732,274 |
| Net income attributed to Staples, Inc. | | 198,245 |
| | 176,438 |
| | 326,380 |
| | 283,593 |
| Basic earnings per common share | | $ | 0.28 |
| | $ | 0.25 |
| | $ | 0.47 |
| | $ | 0.41 |
| Diluted earnings per share | | $ | 0.28 |
| | $ | 0.25 |
| | $ | 0.47 |
| | $ | 0.41 |
|
| | | | | | | | | | | | | | | | | | | | First Quarter(2) | | Second Quarter(3) | | Third Quarter(4) | | Fourth Quarter(5) | Fiscal Year Ended January 29, 2011 | | | | | | | | | Sales | | $ | 6,057,795 |
| | $ | 5,534,240 |
| | $ | 6,537,676 |
| | $ | 6,415,402 |
| Gross profit | | 1,619,055 |
| | 1,462,708 |
| | 1,803,748 |
| | 1,720,644 |
| Net income attributed to Staples, Inc. | | 188,770 |
| | 129,756 |
| | 288,680 |
| | 274,742 |
| Basic earnings per common share | | $ | 0.26 |
| | $ | 0.18 |
| | $ | 0.40 |
| | $ | 0.39 |
| Diluted earnings per share | | $ | 0.26 |
| | $ | 0.18 |
| | $ | 0.40 |
| | $ | 0.38 |
|
| | (1) | Results of operation for this period include a $20.8 million tax benefit related to a refund due to Corporate Express from the Italian government that was previously deemed uncollectible, which was recorded as a discrete item. |
| | (2) | Results of operation for this period include a $13.1 million charge, net of taxes ($0.02 per diluted share) related to integration and restructuring costs. |
| | (3) | Results of operation for this period include a $13.5 million charge, net of taxes ($0.02 per diluted share) related to integration and restructuring costs. |
| | (4) | Results of operation for this period include a $5.6 million charge, net of taxes ($0.01 per diluted share) related to integration and restructuring costs. |
| | (5) | Results of operation for this period include a $4.6 million charge, net of taxes ($0.01 per diluted share) related to integration and restructuring costs. |
|