Advance Auto Parts 2005 Annual Report Download - page 65

Advance Auto Parts I Annual Report 2005 I 63
Our common stock is listed on the New York Stock
Exchange, or NYSE, under the symbol “AAP.” The
table below sets forth, for the fiscal periods indicated,
the high and low sale prices per share for our common
stock, as reported by the NYSE.
High Low
Fiscal Year Ended
December 31, 2005
Fourth Quarter ............ $44.88 $35.40
Third Quarter.............. $47.73 $37.45
Second Quarter........... $44.17 $34.10
First Quarter ............... $35.10 $28.13
Fiscal Year Ended
January 1, 2005
Fourth Quarter ............ $29.17 $22.28
Third Quarter.............. $25.29 $22.01
Second Quarter........... $30.78 $24.83
First Quarter ............... $29.61 $25.45
The closing price of our common stock on March
13, 2006 was $41.19. The table gives effect to our
3-for-2 stock split effectuated in the form of a 50%
stock dividend distributed on September 23, 2005, as
trading began on a post-split basis on September 26,
2005. At March 13, 2006, there were 424 holders of
record of our common stock.
We have not declared or paid cash dividends
on our common stock in the last two years. On
February 15, 2006, our Board of Directors declared
a quarterly cash dividend, the first in our history.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
We plan to pay the first quarterly dividend of $0.06 per share on April 7, 2006 to stockholders of record as of
March 24, 2006. Our amended senior credit facility contains restrictions on the amount of cash dividends or other
distributions we may declare and pay on our capital stock. Such restrictions will not have a material impact on
our ability to pay this dividend for the foreseeable future. Any payments of dividends in the future will be at the
discretion of our Board of Directors and will depend upon our results of operations, earnings, capital require-
ments, contractual restrictions contained in our amended senior credit facility, or other agreements, and other fac-
tors deemed relevant by our Board of Directors.
The following table sets forth information with respect to repurchases of our common stock for the quarter
ended December 31, 2005 (amounts in thousands, except per share amounts):
Total Number of Maximum Dollar
Shares Purchased as Value that May Yet
Total Number of Average Part of Publicly Be Purchased Under
Shares Price Paid Announced Plans or the Plans or
Period Purchased per Share Programs(1) Programs(1)(2)
October 9, 2005 to November 5, 2005 ...................... 734 $37.13 734 $253,201
November 6, 2005 to December 3, 2005................... 199 40.66 199 245,103
December 4, 2005 to December 31, 2005................. 106 42.80 106 240,548
Total ........................................................................... 1,039 $38.84 1,039 $240,548
(1) All of the above repurchases were made on the open market at prevailing market rates plus related expenses under our stock repurchase
program, which was authorized by our Board of Directors and publicly announced on August 10, 2005, for a maximum of $300 million
in common stock.
(2) The maximum dollar value yet to be purchased under our stock repurchase program excludes related expenses paid on previous purchases
or anticipated expenses on future purchases.
SEC FORM 10-K
Stockholders may obtain free of charge a copy of the Company’s Annual Report on 10-K as filed with
the Securities and Exchange Commission by writing to the Investor Relations Department, P.O. Box 2710,
Roanoke, Virginia 24001 or by accessing the Company’s web site at www.AdvanceAutoParts.com.