Classmates.com 2004 Annual Report Download - page 21

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Share repurchases executed under the common stock repurchase program at December 31, 2004 were as follows (in thousands, except per
share amounts):
(1)
Period
Shares Repurchased
(1)
Average Price
Paid per Share
Maximum
Approximate
Dollar Value that
May Yet be
Purchased Under
the Program
August 2001
138
$
1.67
$
9,770
November 2001
469
1.77
8,940
February 2002
727
3.38
6,485
August 2002
288
7.51
27,820
February 2003
193
9.43
26,005
May 2003
281
13.51
22,207
November 2003
2,024
19.76
48,706
February 2004
2,887
16.86
—
May 2004
—
—
100,000
August 2004
2,657
9.41
74,989
Total
9,664
$
12.94
All shares were repurchased as part of a publicly announced program.
In February 2005, we repurchased 1.3 million shares of our common stock for approximately $14.2 million.
Tender Offer
In November 2004, we commenced a modified Dutch auction tender offer to repurchase up to 14.3 million shares of our common stock at a
price ranging from $9.00 to $10.50 per share. The tender offer expired in December 2004, and we repurchased 37,754 shares at $10.50 per share,
excluding fees and expenses.
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with our consolidated financial statements and related
notes and Management's Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Annual Report on
Form 10-K.
The following table presents the consolidated statements of operations data for the year ended December 31, 2004, the six months ended
December 31, 2003, and the years ended June 30, 2003 and 2002, and the consolidated balance sheet data at December 31, 2004 and 2003 and
June 30, 2003. Such financial data are derived from our audited consolidated financial statements included elsewhere in this Annual Report on
Form 10-K. The consolidated statements of operations data for the years ended June 30, 2001 and 2000 and the consolidated balance sheet data
at June 30, 2002, 2001 and 2000 are derived from our audited consolidated financial statements that are not included in this Annual Report on
Form 10-K.
19