CDW 2014 Annual Report Download - page 29

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Table of Contents
suspended from time to time without prior notice. As of the date of this filing, no shares have been repurchased under the share repurchase
program.
Stock Performance Graph
The information contained in this Stock Performance Graph section shall not be deemed to be "soliciting material" or "filed" or
incorporated by reference in future filings with the SEC, or subject to the liabilities of Section 18 of the Securities Exchange Act of 1934, except
to the extent that we specifically incorporate it by reference into a document filed under the Securities Act of 1933 or the Securities Exchange
Act of 1934.
The following graph compares the cumulative total shareholder return, calculated on a dividend reinvested basis, on $100.00 invested at
the opening of the market on June 27, 2013, the date our common stock first traded on the NASDAQ Global Select Market, through and
including the market close on December 31, 2014, with the cumulative total return for the same time period of the same amount invested in the
S&P MidCap 400 index and a peer group index. Our peer group index for 2014 consists of the following companies: Accenture plc, Anixter
International, Inc., Arrow Electronics, Inc., Avnet, Inc., CGI Group Inc., Genuine Parts Company, Henry Schein, Inc., Insight Enterprises, Inc.,
Owens & Minor, Inc., Patterson Companies, Inc., SYNNEX Corporation, United Stationers Inc., W.W. Grainger, Inc. and Wesco International,
Inc. This peer group was selected based on a review of publicly available information about these companies and our determination that they met
one or more of the following criteria: (i) similar size in terms of revenue and/or enterprise value (one-third to three times our revenue or
enterprise value); (ii) operates in a business-to-business distribution environment; (iii) members of the technology industry; (iv) similar
customers ( i.e. , business, government, healthcare, and education); (v) companies that provide services and/or solutions; and (vi) similar
EBITDA and gross margins.
Shareholder returns over the indicated period are based on historical data and should not be considered indicative of future shareholder
returns.
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