Nutrisystem 2010 Annual Report Download - page 27

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(1) In August 2006, we announced that our Board of Directors authorized the repurchase of up to $50 million of
our outstanding shares of common stock in open-market transactions on the NASDAQ National Market.
Additionally, in February 2007, a repurchase program of up to $200 million of outstanding shares of
common stock was authorized and, in October 2007, an additional $100 million of outstanding shares of
common stock was authorized. The timing and actual number of shares repurchased depend on a variety of
factors including price, corporate and regulatory requirements, alternative investment opportunities and
other market conditions. The stock repurchase programs from 2007 had an expiration date of March 31,
2009, but were extended by our Board of Directors until March 31, 2011. These programs also may be
limited or terminated at any time without prior notice.
(2) The period from October 1, 2010 through December 31, 2010 does not include 38,124 shares surrendered by
employees to the Company for payment of the minimum tax withholding obligations upon the vesting of
shares of restricted common stock.
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