Big Lots 2013 Annual Report Download - page 160
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18
Part II. Other Information
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
Our common shares are listed on the New York Stock Exchange (“NYSE”) under the symbol “BIG.” The following table
reflects the high and low sales prices per common share for our common shares as reported on the NYSE composite tape for
the fiscal periods indicated:
2013 2012
Hi
g
h Low Hi
g
h Low
First Quarte
r
$ 37.81 $ 32.07 $ 47.22 $ 34.46
Second Quarter 39.22 31.17 41.42 33.50
Third Quarter 37.98 31.56 42.26 28.46
Fourth Quarter $ 39.02 $ 26.49 $ 32.66 $ 26.69
Our Board of Directors historically has authorized reinvesting available cash in capital expenditures for growth opportunities,
improving the Company’s information systems, and maintaining our assets. After making such investments, the Company has
utilized its excess cash for share repurchase programs. We historically have not paid dividends. Any future decisions on the
uses of excess cash will be determined by our Board of Directors taking into account business conditions then existing,
including our earnings, financial requirements and condition, opportunities for reinvesting cash, and other factors.
The following table sets forth information regarding our repurchase of our common shares during the fourth fiscal quarter of
2013:
(In thousands, except price per share data)
Period
(a) Total
Number of
Shares
Purchased
(b) Average
Price Paid per
Share
(c) Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
(d) Approximate
Dollar Value of
Shares that Ma
y
Yet
Be Purchased Under
the Plans or
Programs
N
ovember 3, 2013 -
N
ovember 30, 2013
—
$
—
—
$
—
December 1, 2013 - December 28, 2013
—
—
—
—
December 29, 2013 - February 1, 2014
—
—
—
—
Total
—
$
—
—
$
—
On March 5, 2014, our Board of Directors authorized a program for the repurchase of up to $125.0 million of our common
shares (“2014 Repurchase Program”). The 2014 Repurchase Program has no scheduled termination date.
At the close of trading on the NYSE on March 28, 2014, there were approximately 794 registered holders of record of our
common shares.