Henry Schein 2014 Annual Report Download - page 46

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32
Purchases of Equity Securities by the Issuer
Our share repurchase program, announced on June 21, 2004, originally allowed us to repurchase up to $100
million of shares of our common stock, which represented approximately 3.5% of the shares outstanding at the
commencement of the program. As summarized in the table below, subsequent additional increases totaling $1.6
billion, authorized by our Board of Directors, to the repurchase program provide for a total of $1.7 billion of shares
of our common stock to be repurchased under this program.
Date of Amount of Additional
Authorization Repurchases Authorized
October 31, 2005 $ 100,000,000
March 28, 2007 100,000,000
N
ovember 16, 2010 100,000,000
August 18, 2011 200,000,000
April 18, 2012 200,000,000
N
ovember 12, 2012 300,000,000
December 9, 2013 300,000,000
December 4, 2014 300,000,000
As of December 27, 2014, we had repurchased approximately $1.4 billion of common stock (19,357,214
shares) under these initiatives, with $299.9 million available for future common stock share repurchases.
The following table summarizes repurchases of our common stock under our stock repurchase program during
the fiscal quarter ended December 27, 2014:
      Total Number Maximum Number
  Total  of Shares of Shares
Number Average Purchased as Part that May Yet
of Shares Price Paid of Our Publicly Be Purchased Under
Fiscal Month Purchased (1) Per Share Announced Program Our Program (2)
09/28/14 through 11/01/14 265,874 $115.19 265,874   357,889
11/02/14 through 11/29/14 179,616 127.25 179,616   146,516
11/30/14 through 12/27/14 148,940 135.80 148,940   2,182,657
 594,430  594,430   
(1)All repurchases were executed in the open market under our existing publicly announced authorized program.
(2)The maximum number of shares that may yet be purchased under this program is determined at the end of each month based on the
closing price of our common stock at that time.
Dividend Policy
We have not declared any cash or stock dividends on our common stock during fiscal years 2014 or 2013. We
currently do not anticipate declaring any cash or stock dividends on our common stock in the foreseeable future.
We intend to retain earnings to finance the expansion of our business and for general corporate purposes, including
our share repurchase program. Any declaration of dividends will be at the discretion of our Board of Directors and
will depend upon the earnings, financial condition, capital requirements, level of indebtedness, contractual
restrictions with respect to payment of dividends and other factors. 