Advance Auto Parts 2011 Annual Report Download - page 32

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17
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Our common stock is listed on the New York Stock Exchange, or NYSE, under the symbol "AAP." The table
below sets forth the high and low sale prices per share for our common stock, as reported by the NYSE, for the
fiscal periods indicated.
High Low
Fiscal Year Ended January 1, 2011
Fourth Quarter 69.51$ 58.28$
Third Quarter 60.21$ 51.30$
Second Quarter 53.21$ 42.19$
First Quarter 46.34$ 38.38$
Fiscal Year Ended January 2, 2010
Fourth Quarter 41.77$ 36.11$
Third Quarter 47.41$ 37.31$
Second Quarter 45.59$ 40.50$
First Quarter 44.64$ 29.50$
The closing price of our common stock on February 26, 2011 was $62.63. At February 26, 2011, there were 321
holders of record of our common stock (which does not include the number of individual beneficial owners whose
shares were held on their behalf by brokerage firms in street name).
Our Board of Directors has declared a $0.06 per share quarterly cash dividend since its inception in Fiscal 2006.
Any payments of dividends in the future will be at the discretion of our Board of Directors and will depend upon our
results of operations, cash flows, capital requirements and other factors deemed relevant by our Board of Directors.
The following table sets forth information with respect to repurchases of our common stock for the quarter
ended January 1, 2011 (amounts in thousands, except per share amounts);
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
(1)
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
(2)
Maximum Dollar
Value that May Yet
Be Purchased Under
the Plans or
Programs
(2)(3)
October 10, 2010, to November 6, 2010 1 64.94$ - 279,336$
November 7, 2010, to December 4, 2010 1,398 66.44 1,375 187,938
December 5, 2010, to January 1, 2011 990 67.07 990 121,564
Total 2,389 66.70$ 2,365 121,564$
(1) In addition to the shares of common stock we repurchased under our $300 million stock repurchase
program, we repurchased 24,000 shares of our common stock at an aggregate cost of $1.6 million in
connection with the net settlement of shares issued as a result of the vesting of restricted stock during
the twelve weeks ended January 1, 2011.
(2) Except as noted in footnote 1 above, all of the above repurchases were made on the open market at
prevailing market rates plus related expenses under our stock repurchase program, which authorized
the repurchase of up to $300 million in common stock. Our stock repurchase program was authorized
by our Board of Directors and publicly announced on August 10, 2010. Our $300 million stock
repurchase program replaced our prior $500 million stock repurchase program.