http://www.chicagotribune.com/business/chi-wed-brf4-office-max-jan21,0,3765660.story OfficeMax to expand asset-impairment charge by $105 million OfficeMax
Inc. said in a regulatory filing Tuesday that the office-supply chain
will need to expand an asset-impairment accounting charge by $105
million.That comes on top of a pretax, non-cash charge of $935.3
million that the Naperville-based company recorded in July to reduce
the value of goodwill and other intangibles on its books.In its
Securities and Exchange Commission filing Tuesday, OfficeMax said the
company has completed the second step of its two-part analysis and
determined that an additional reduction of $105 million in the carrying
value of goodwill and trade names will be needed.