Pottery Barn 2006 Annual Report Download - page 31

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STOCK REPURCHASE PROGRAM
During fiscal 2006, we repurchased and retired a total of 5,824,500 shares of common stock under all programs
previously authorized at a weighted average cost of $31.85 per share and an aggregate cost of approximately
$185,508,000. As of fiscal year-end, the remaining authorized number of shares eligible for repurchase was
1,195,500.
The following table summarizes our repurchases of shares of our common stock during the fourth quarter of
fiscal 2006:
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 30, 2006 - November 26, 2006 703,600 $31.65 703,600 3,616,000
November 27, 2006 - December 24, 2006 2,420,500 $32.14 2,420,500 1,195,500
December 25, 2006 - January 28, 2007 — — — 1,195,500
Total 3,124,100 $32.03 3,124,100 1,195,500
In March 2007, our Board of Directors authorized a stock repurchase program to acquire up to an additional
5,000,000 shares of our common stock 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.
19
Form 10-K