Cracker Barrel 2005 Annual Report Download - page 35

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(a) On September 23, 2004, the Company’s Board of Directors (the “Board”) increased the quarterly dividend to $0.12 per share per
quarter (an annual equivalent of $0.48 per share). During 2005, the Company paid such dividends of $0.12 per share during the
second, third and fourth quarters of 2005. Additionally, on September 22, 2005, the Board declared a dividend of $0.13 per
share payable on November 8, 2005 to shareholders of record on October 14, 2005. This dividend reflects an 8.3% increase from
the previous quarterly dividend.
(b) Comparable store sales and traffic consist of sales and calculated number of guests, respectively, of units open six full quarters at
the beginning of the year; and are measured on comparable calendar weeks. Average unit volumes are normalized to 52 weeks
for fiscal 2001.
(c) Includes charges of $5,210 before taxes, as a result of settlement of certain lawsuits against the Company’s Cracker Barrel Old
Country Store, Inc. (“Cracker Barrel”) subsidiary (see Note 10 to the Company’s Consolidated Financial Statements).
(d) Includes charges of $33,063 before taxes, principally as a result of exiting the Carmine Giardini’s Gourmet Market™ business and
closing four Cracker Barrel units and three Logan’s Roadhouse restaurants, as well as an accrual for a settlement proposal for a
collective action under the Fair Labor Standards Act, which was later settled as part of the item noted in (c) above.
(e) The Company’s fiscal year ended August 3, 2001 consisted of 53 weeks. As a result, comparisons to fiscal 2002 also reflect the
impact of having one more week in fiscal 2001 than in fiscal 2002.
(f) Includes a sale-leaseback transaction under which $138,300 of long-term debt was paid down.
MARKET PRICE AND DIVIDEND INFORMATION
The following table indicates the high and low sales prices of the Company’s common stock, as reported by The
Nasdaq Stock Market (National Market), and dividends paid.
Fiscal Year 2005 Fiscal Year 2004
Prices Dividends Prices Dividends
High Low Paid High Low Paid
First $37.09 $30.00 $0.11 $39.02 $32.25 —
Second 43.14 36.08 0.12 42.07 36.61 $0.11
Third 44.60 38.38 0.12 41.24 37.09 0.11
Fourth 42.12 37.75 0.12 38.11 30.55 0.11
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