Buffalo Wild Wings 2013 Annual Report Download - page 11

Download and view the complete annual report

Please find page 11 of the 2013 Buffalo Wild Wings annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 35

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35

20
West Virginia 10 10
Wisconsin 29 29
Wyoming 1 1 2
Canada:
Alberta 2 2
Ontario 12 12
International
Mexico 1 1
Total 434 559 993
ITEM 3. LEGAL PROCEEDINGS
Occasionally, we are a defendant in litigation arising in the ordinary course of our business, including claims arising
from personal injuries, contract claims, franchise-related claims, dram shop claims, employment-related claims and claims
from guests or employees alleging injury, illness or other food quality, health or operational concerns. To date, none of these
types of litigation, most of which are typically covered by insurance, has had a material effect on us. We have insured and
continue to insure against most of these types of claims. A judgment on any claim not covered by or in excess of our
insurance coverage could adversely affect our financial condition or results of operations.
ITEM 4. MINING SAFETY DISCLOSURES
Not applicable.
21
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our Common Stock trades on the NASDAQ Global Market under the symbol “BWLD”. The following table sets forth
the high and low sale prices of our Common Stock.
2013 2012
High Low High
Low
First Quarter $ 88.48 71.02 $ 91.44 62.19
Second Quarter 100.94 85.85 94.81 75.96
Third Quarter 112.01 94.05 88.85 68.71
Fourth Quarter 152.53 109.06 89.90 69.72
Holders
As of February 10, 2014, there were approximately 142 record holders of our Common Stock, excluding shareholders
whose stock is held either in nominee name and/or street name brokerage accounts. Based on information which we have
obtained from our transfer agent, there are approximately 42,140 holders of our Common Stock whose stock is held either in
nominee name and/or street name brokerage accounts.
Dividends
We have never declared or paid cash dividends on our Common Stock. It is our policy to preserve cash for
development and other working capital needs and, therefore, do not currently have plans to pay any cash dividends. Our
future dividend policy will be determined by our Board of Directors and will depend on various factors, including our results
of operations, financial condition, anticipated cash needs and plans for expansion.