Coach 2006 Annual Report Download - page 51
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(2) The sum of the quarterly earnings per share may not equal the full-year amount, as the computations of the weighted-average number of common basic and
diluted shares outstanding for each quarter and the full year are performed independently.
65
Coach’s common stock is listed on the New York Stock Exchange and is traded under the symbol “COH.” The following table sets
forth, for the fiscal periods indicated, the high and low closing prices per share of Coach’s common stock as reported on the New York
Stock Exchange Composite Tape.
Quarter ended:
September 30, 2006 $ 34.65 $ 25.58
December 30, 2006 44.28 34.20
March 31, 2007 50.96 43.82
June 30, 2007 53.79 46.10
Closing price at June 29, 2007 $47.39
Quarter ended:
October 1, 2005 $ 36.22 $ 30.25
December 31, 2005 36.64 28.94
April 1, 2006 36.97 31.75
July 1, 2006 35.35 27.75
Closing price at June 30, 2006 $29.90
Quarter ended:
October 2, 2004 $ 23.03 $ 18.06
January 1, 2005 28.53 19.83
April 2, 2005 29.75 26.41
July 2, 2005 33.92 25.22
Closing price at July 1, 2005 $33.55
As of August 17, 2007, there were 2,724 holders of record of Coach’s common stock.
Coach has never declared or paid any cash dividends on its common stock. Coach currently intends to retain future earnings, if any,
for use in its business and is presently not planning to pay regular cash dividends in its common stock. Any future determination to pay
cash dividends will be at the discretion of Coach’s Board of Directors and will be dependent upon Coach’s financial condition, operating
results, capital requirements and such other factors as the Board of Directors deems relevant.
66
Allowance for bad debts $ 1,644 $ 1,381 $ (110) $ 2,915
Allowance for returns 4,356 4,752 (5,444) 3,664
Total $ 6,000 $ 6,133 $ (5,554) $ 6,579
Allowance for bad debts $ 1,665 $ 29 $ (50) $ 1,644