Lumber Liquidators 2012 Annual Report Download - page 29

PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Market Information
Our common stock trades on the New York Stock Exchange (“NYSE”) under the trading symbol “LL.” We are
authorized to issue up to 35,000,000 shares of common stock, par value $0.001. Total shares of common stock outstanding at
February 18, 2013 were 27,164,204, and we had 9 stockholders of record.
The following table shows the high and low sales prices per share as reported by the NYSE for each quarter during the
last two fiscal years.
Price Range
High Low
2012:
Fourth Quarter ........................................... $58.04 $48.14
Third Quarter ............................................ 53.73 32.49
Second Quarter ........................................... 33.79 23.47
First Quarter ............................................. 25.17 17.38
2011:
Fourth Quarter ........................................... $17.80 $14.44
Third Quarter ............................................ 26.06 13.87
Second Quarter ........................................... 26.97 22.40
First Quarter ............................................. 28.73 22.76
Issuer Purchases of Equity Securities
The following table presents our share repurchase activity for the quarter ended December 31, 2012 (dollars in
thousands, except per share amounts):
Period
Total
Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans
or Programs(2)
Maximum
Dollar Value
that May
Yet Be Purchased
Under the Plans
or Programs(2)
October 1, 2012 to October 31, 2012 .......................... — $ — — $ 9,866
November 1, 2012 to November 30, 2012(1) .................... 61,590 54.23 58,700 56,681
December 1, 2012 to December 31, 2012 ...................... 112,500 51.08 112,500 50,932
Total ................................................... 174,090 $52.20 171,200 $50,932
(1) In addition to the shares of common stock we purchased under our $100 million stock repurchase program, we
repurchased 2,890 shares of our common stock at an aggregate cost of $157 thousand, or an average purchase price of
$54.26 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock
during the quarter ended December 31, 2012.
(2) Except as noted in footnote 1 above, all of the above repurchases were made on the open market at prevailing market
rates plus related expenses under our stock repurchase programs. Our initial stock repurchase program, which
authorized the repurchase of up to $50 million in common stock, was authorized by our Board of Directors and publicly
announced on February 22, 2012. Our subsequent stock repurchase program, which authorized the repurchase of up to
an additional $50 million in common stock, was authorized by our Board of Directors and publicly announced on
November 15, 2012.
Dividend Policy
We have never paid any dividends on our common stock. Any future decision to pay cash dividends will be at the
discretion of our board of directors and will be dependent on our results of operations, financial condition, contractual
restrictions and other such factors that the board of directors considers relevant.
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