Officemax 10-Q 2004 Q2 Quarterly report

Exhibit 11

Boise Cascade Corporation and SubsidiariesComputation of Per-Share Income (Loss)

		Three Months Ended June 30						Six Months Ended June 30
		________________________						________________________
			2004			2003			2004			2003
		________			________			_______			_______
		(thousands, except per-share amounts)
Basic
Income (loss) before cumulative effect of accounting changes		$	50,381		$	(3,934	)	$	113,846		$		(22,677	)
Preferred dividends (a)			(3,168	)		(3,287	)		(6,534	)			(6,553	)
		_______			_______			_______			_______
Basic income (loss) before cumulative effect of accounting changes			47,213			(7,221	)		107,312				(29,230	)
Cumulative effect of accounting changes, net of income tax			-			-			-				(8,803	)
		_______			_______			_______			_______
Basic income (loss)		$	47,213		$	(7,221	)	$	107,312		$		(38,033	)
		=======			=======			=======			=======
Average shares used to determine basic income (loss) per common share			86,474			58,300			86,275				58,295
		=======			=======			=======			=======
Basic income (loss) per common share before cumulative effect of accounting changes			$0.54			$(0.12	)		$1.24				$(0.50	)
Cumulative effect of accounting changes, net of income tax			-			-			-				(0.15	)
		____			____			____			____
Basic income (loss) per common share			$0.54			$(0.12	)		$1.24				$(0.65	)
		====			====			====			====
Diluted
Basic income (loss) before cumulative effect of accounting changes		$	47,213		$	(7,221	)	$	107,312		$		(29,230	)
Preferred dividends eliminated			3,168			3,287			6,534				6,553
Supplemental ESOP contribution			(2,869	)		(2,995	)		(5,932	)			(5,931	)
		_______			_______			_______			_______
Diluted income (loss) before cumulative effect of accounting changes			47,512			(6,929	)		107,914				(28,608	)
Cumulative effect of accounting changes, net of income tax			-			-			-				(8,803	)
		_______			_______			_______			_______
Diluted income (loss)		$	47,512		$	(6,929	)	$	107,914		$		(37,411	)
		=======			=======			=======			=======
Average shares used to determine basic income (loss) per common share			86,474			58,300			86,275				58,295
Restricted stock, stock options, and other			1,976			185			1,929				180
Series D Convertible Preferred Stock			3,252			3,359			3,281				3,387
		_______			_______			_______			_______
Average shares used to determine diluted income (loss) per common share			91,702			61,844			91,485				61,862
		=======			=======			=======			=======
Diluted income (loss) per common share before cumulative effect of accounting changes			$0.52			$(0.11	)		$1.18				$(0.46	)
Cumulative effect of accounting changes, net of income tax			-			-			-				(0.14	)
		____			____			____			____
Diluted income (loss) per common share (b)			$0.52			$(0.11	)		$1.18				$(0.60	)
		====			====			====			====
(a)	The dividend attributable to the company's Series D Convertible Preferred Stock held by the company's employee stock ownership plan (ESOP) is net of a tax benefit.
(b)	For the three and six months ended June 30, 2003, the computation of diluted loss per common share was antidilutive; therefore, amounts reported for basic and diluted loss were the same.