Garmin 2001 Annual Report Download - page 19

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Market for the Company’s Common Stock and Related Stockholder Matters
The Company’s common shares have traded on the Nasdaq National Market under the symbol “GRMN” since its initial public
offering on December 8, 2000. As of March 22, 2002 there were approximately 129 shareholders of record.
No cash dividends have been paid since the initial public offering of the Company’s common shares on December 8, 2000. The
Company intends to retain its earnings for use in its business and therefore does not anticipate paying any cash dividends in the
foreseeable future.
The date of the Company’s initial public offering was December 8, 2000. The range of high and low closing sales prices of the
Company’s common shares as reported on the Nasdaq Stock Market for each fiscal quarter of fiscal years 2000 and 2001 was as
follows:
Year Ended Year Ended
December 29, 2001 December 30, 2000
High Low High Low
First Quarter $25.13 $17.00 N/A N/A
Second Quarter $24.68 $18.00 N/A N/A
Third Quarter $23.36 $14.40 N/A N/A
Fourth Quarter $21.32 $15.50 $21.19 $18.19
Selected Financial Data
The following table sets forth selected consolidated financial data of the Company. The selected consolidated balance sheet data
as of December 29, 2001 and December 30, 2000 and the selected consolidated statement of income data for the years ended
December 29, 2001, December 30, 2000 and December 25, 1999 were derived from the Company’s audited consolidated financial
statements and the related notes thereto which are included in this annual report. The selected consolidated balance sheet data
as of December 25, 1999, December 26, 1998 and December 31, 1997 and the selected consolidated statement of income data for
the years ended December 25, 1998 and December 31, 1997 were derived from the Company’s audited consolidated financial
statements, not included herein.
The information set forth below is not necessarily indicative of the results of future operations and should be read together with
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial
statements and notes to those statements included in this annual report.
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