Lumber Liquidators 2015 Annual Report Download - page 40

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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 25, 2016 were 27,088,460, and we had eight stockholders of record.
The following table sets forth the range of 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
2015:
Fourth Quarter ............................................. $21.74 $12.80
Third Quarter .............................................. 21.42 11.62
Second Quarter ............................................. 35.18 20.01
First Quarter ............................................... 69.99 27.15
2014:
Fourth Quarter ............................................. $67.86 $47.76
Third Quarter .............................................. 77.27 52.76
Second Quarter ............................................. 96.75 72.86
First Quarter ............................................... 111.74 86.26
Issuer Purchases of Equity Securities
The following table presents our share repurchase activity for the quarter ended December 31, 2015
(dollars in thousands, except per share amounts):
Period
Total
Number of
Shares
Purchased
(1)
Average
Price Paid
per Share
Total
Number of
Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs
Maximum
Dollar Value
that May Yet
Be Purchased
Under the
Plans or
Programs
(2)
October 1, 2015 to October 31, 2015 ......... — $ — — $14,728
November 1, 2015 to November 30, 2015 ...... 581 13.71 — 14,728
December 1, 2015 to December 31, 2015 ...... — — — 14,728
Total ............................... 581 $13.71 — $14,728
(1) We repurchased 581 shares of our common stock in connection with the net settlement of shares issued
as a result of the vesting of restricted shares during the quarter ended December 31, 2015.
(2) 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 board
of directors subsequently authorized two additional stock repurchase programs, each of which authorized
the repurchase of up to an additional $50 million in common stock. These programs were publicly
announced on November 15, 2012 and February 19, 2014, respectively.
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 factors that the board of directors considers relevant.
30