Papa Johns 2003 Annual Report Download - page 22

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21
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Our common stock trades on the NASDAQ National Market tier of The NASDAQ Stock Market under
the symbol PZZA. As of March 1, 2004, there were approximately 885 record holders of common stock.
The following table sets forth for the quarters indicated the high and low closing sales prices of our
common stock, as reported by The NASDAQ Stock Market.
2003
High
Low
First Quarter
28.04
$
22.95
$
Second Quarter
28.65
23.21
Third Quarter
28.25
24.38
Fourth Quarter
33.10
23.80
2002
High
Low
First Quarter
28.50
$
23.42
$
Second Quarter
34.70
27.86
Third Quarter
33.05
27.35
Fourth Quarter
30.73
24.48
Since our initial public offering of common stock in 1993, we have not paid dividends on our common
stock, and have no current plans to do so.
The Papa John’s Board of Directors has authorized the repurchase of up to $400 million of common
stock under a share repurchase program that began December 9, 1999, and runs through December 26,
2004. Through December 28, 2003, a total of 13.6 million shares with an aggregate cost of $351.6
million and an average price of $25.92 per share have been repurchased under this program and placed in
treasury. The following table summarizes our repurchases by fiscal period during 2003 (in thousands,
except per share amounts):
Total Number
Maximum Dollar
Total
Average
of Shares
Value of Shares
Number
Price
Purchased as
that May Yet Be
of Shares
Paid per
Publicly Announced
Purchas ed Under the
Fiscal Period
Purchased
Share
Plans or Programs
Plans or Programs
12/30/2002 - 01/26/2003
125
$27.80
13,486
$50,811
01/27/2003 - 02/23/2003
25
$25.65
13,511
$50,170
11/24/2003 - 12/28/2003
56
$32.06
13,567
$48,370
There were no share repurchases for the fiscal periods of 2/24/2003 through 11/23/2003.