Columbia Sportswear 2004 Annual Report Download - page 18

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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 NASDAQ National Market and trades under the symbol “COLM.” At
February 25, 2005, there were approximately 200 holders of record and approximately 31,000 beneficial
shareholders.
Following are the quarterly high and low closing prices for our Common Stock for the years ended
December 31, 2004 and 2003:
HIGH LOW
2004
First Quarter ................................................. $57.61 $50.52
Second Quarter ............................................... $58.52 $51.58
Third Quarter ................................................. $56.93 $51.90
Fourth Quarter ................................................ $60.93 $53.74
2003
First Quarter ................................................. $46.18 $32.80
Second Quarter ............................................... $52.70 $36.00
Third Quarter ................................................. $55.25 $46.93
Fourth Quarter ................................................ $59.28 $51.55
Since the completion of our initial public offering in April 1998, we have not declared any dividends. We
anticipate that all of our earnings in the foreseeable future will be retained for the development and expansion of
our business and, therefore, we have no current plans to pay cash dividends. Future dividend policy will depend
on our earnings, capital requirements, financial condition, restrictions imposed by our credit agreements, and
other factors considered relevant by our Board of Directors. For various restrictions on our ability to pay
dividends, see Management’s Discussion and Analysis of Financial Condition and Results of Operations and
Note 6 of Notes to Consolidated Financial Statements.
Issuer Purchases of Equity Securities
The following table provides information regarding repurchases by the Company of its common stock
during the quarter ended December 31, 2004:
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs(1)
Approximate
Dollar Value
of Shares that
May Yet Be
Purchased
Under the
Plans or
Programs
October 1, 2004 to October 31, 2004 ................. 144,821 $54.23 144,821 $56,939,000
November 1, 2004 to November 30, 2004 ............. — — — —
December 1, 2004 to December 31, 2004 ............. — — — —
Total ...................................... 144,821 $54.23 144,821 $56,939,000
(1) In April 2004, the Company’s Board of Directors authorized the repurchase of up to $100 million of the
Company’s common stock. In January 2005, the Company’s Board of Directors authorized the repurchase
of an additional $100 million of the Company’s common stock, which is not included in the table above.
The repurchase program does not obligate the Company to acquire any specific number of shares or acquire
shares over any specified period of time.
13