SkyWest Airlines 2007 Annual Report Download - page 26

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25
Dividends
During 2007 and 2006, our Board of Directors declared regular quarterly dividends of $0.03 per share. On
November 6, 2007, our Board of Directors declared a regular quarterly cash dividend of $0.03 per share payable to
stockholders of record on December 31, 2007 and paid the dividend on January 4, 2008.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table contains information regarding our equity compensation plans as of December 31, 2007.
Plan Category
Number of Securities to be
Issued upon Exercise of
Outstanding Options,
Warrants and Rights
Weighted-Average
Exercise Price of
Outstanding
Options,
Warrants and
Rights
Number of Securities
Remaining Available for
Future Issuance under
Equity Compensation
Plans (Excluding
Securities Reflected in
the First Column)
Equity compensation plans approved by security
holders(1)...................................................................... 4,681,915 $20.01 5,514,485
(1) Consists of our Executive Stock Incentive Plan, our All Share Stock Option Plan, our SkyWest Inc. Long Term
Incentive Plan, and our Employee Stock Purchase Plan. See Note 5 to our Consolidated Financial Statements for the
fiscal year ended December 31, 2007, included in Item 8 of this Report, for additional information regarding these
plans.
Purchases of Equity Securities
Our Board of Directors has adopted a stock repurchase program which authorizes us to repurchase shares of our
common stock in the public market, from time to time, at prevailing prices. The stock repurchase program authorizes the
repurchase of up to 10 million shares of our common stock. The following table summarizes our purchases under the stock
repurchase program for the three months ended December 31, 2007:
Period
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number of Shares
Purchased as Part of a
Publicly Announced
Program(1)
Maximum Number
of Shares that May
Yet Be Purchased
Under the Program
October 1 - October 31, 2007 .............................. 276,800 $26.50 276,800 5,563,058
November 1 - November 30, 2007 ...................... 326,000 25.93 326,000 5,237,058
December 1 - December 31, 2007 ....................... 237,058 26.80 237,058 5,000,000
Total..................................................................... 839,858 $26.36 839,858 5,000,000
(1) Under resolutions adopted in February 2007 and November 2007, our Board of Directors authorized the repurchase
of 10,000,000 shares of our common stock. Purchases are made at management’ s discretion based on market
conditions and the Company’ s financial resources. As of December 31, 2007, we had spent approximately
$126.0 million to purchase and retire approximately 5,000,000 shares of common stock. The authorization of Board
of Directors does not have an expiration date.
ITEM 6. SELECTED FINANCIAL DATA
The following selected financial and operating data should be read in conjunction with “Management’ s Discussion
and Analysis of Financial Condition and Results of Operations,” and our consolidated financial statements and related notes
included elsewhere in this Report.