Pottery Barn 2005 Annual Report Download - page 30

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During fiscal 2005, we repurchased and retired a total of 2,422,300 shares at a weighted average cost of $38.77
per share and a total cost of approximately $93,921,000. As of fiscal year-end, the remaining authorized number
of shares eligible for repurchase was 20,000. During the first quarter of fiscal 2006, we repurchased and retired
these shares at a weighted average cost of $38.84 per share and a total cost of approximately $777,000, which
completed all stock repurchase programs previously authorized by our Board of Directors.
In March 2006, our Board of Directors authorized a stock repurchase program to acquire up to an additional
2,000,000 shares of our outstanding common stock. Stock repurchases under this program may be made through
open market and privately negotiated transactions at times and in such amounts as management deems
appropriate. The timing and actual number of shares repurchased will depend on a variety of factors, including
price, corporate and regulatory requirements, capital availability, and other market conditions. The stock
repurchase program does not have an expiration date and may be limited or terminated at any time without prior
notice.
The following table summarizes our repurchases of shares of our common stock during the fourth quarter of
fiscal 2005:
Period
Total Number
of Shares
Purchased
Average
Price Paid
Per Share
Total Number of Shares
Purchased as Part of a
Publicly Announced
Repurchase Plan
Maximum
Number of Shares
that May Yet be
Purchased
Under the Plan
October 31, 2005 - November 27, 2005 — — — —
November 28, 2005 - December 25, 2005 — — — —
December 26, 2005 - January 29, 2006 780,800 $41.70 780,800 20,000
Total 780,800 $41.70 780,800 20,000
18