Exhibit 11

OFFICEMAX INCORPORATED AND SUBSIDIARIES
Computation of Per Share Earnings

|                                                                                          |                                                            | Year Ended December 31 |         
|----------------------------------------------------------------------------------------- | ---------------------------------------------------------- | ---------------------- | --------
|
|
|Basic                                                                                     |                                                            |                        |         
|Income from continuing operations                                                         |                                                            | $                      | 234,125 
|Preferred dividends(a)                                                                    |                                                            |                        | (11,917 
|                                                                                          |                                                            |                        |         
|Basic income before discontinued operations and cumulative effect of accounting changes   |                                                            |                        | 222, 208
|Loss from discontinued operations                                                         |                                                            |                        | (61,067 
|Cumulative effect of accounting changes, net of income tax                                |                                                            |                        |        
|                                                                                          |                                                            |                        |         
|Basic income (loss)                                                                       |                                                            | $                      | 161,141 
|                                                                                          |                                                            |                        |         
|Average shares used to determine basic income (loss) per common share                     |                                                            |                        | 86,917  
|                                                                                          |                                                            |                        |         
|Basic income (loss) per common share:                                                     |                                                            |                        |         
|                                                                                          | Continuing operations                                      |                        | $       
|                                                                                          | Discontinued operations                                    |                        |         
|                                                                                          | Cumulative effect of accounting changes, net of income tax |                        |         
|                                                                                          |                                                            |                        |         
|Basic income (loss) per common share                                                      |                                                            | $                      | 1.85    
|                                                                                          |                                                            |                        |         
|Diluted                                                                                   |                                                            |                        |         
|Basic income before discontinued operations and cumulative effect of accounting changes   |                                                            | $                      | 222,208 
|Preferred dividends eliminated                                                            |                                                            |                        | 11,917  
|Supplemental ESOP contribution                                                            |                                                            |                        | (10,833 
|                                                                                          |                                                            |                        |         
|Diluted income before discontinued operations and cumulative effect of accounting changes |                                                            |                        | 223,292 
|Loss from discontinued operations                                                         |                                                            |                        | (61,067 
|Cumulative effect of accounting changes, net of income tax                                |                                                            |                        |        
|                                                                                          |                                                            |                        |         
|Diluted income (loss)                                                                     |                                                            | $                      | 162,225 
|                                                                                          |                                                            |                        |         
|Average shares used to determine basic income (loss) per common share                     |                                                            |                        | 86,917  
|Restricted stock, stock options and other                                                 |                                                            |                        | 1,857   
|Series D Convertible Preferred Stock                                                      |                                                            |                        | 2,880   
|                                                                                          |                                                            |                        |         
|Average shares used to determine diluted income (loss) per common share                   |                                                            |                        | 91,654  
|                                                                                          |                                                            |                        |         
|Diluted income (loss) per common share:                                                   |                                                            |                        |         
|                                                                                          | Continuing operations                                      |                        | $       
|                                                                                          | Discontinued operations                                    |                        |         
|                                                                                          | Cumulative effect of accounting changes, net of income tax |                        |         
|                                                                                          |                                                            |                        |         
|Diluted income (loss) per common share(b)                                                 |                                                            | $                      | 1.77    
|                                                                                          |                                                            |                        |         

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