Dillard's 2013 Annual Report Download - page 67

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F-21
Stock Repurchase Programs
All repurchases of the Company's Class A Common Stock were made at the market price at the trade date. Accordingly,
all amounts paid to reacquire these shares were allocated to Treasury Stock.
November 2013 Stock Plan
In November 2013, the Company's Board of Directors authorized the Company to repurchase up to $250 million of the
Company's Class A Common Stock under an open-ended plan ("November 2013 Stock Plan"). This authorization permits the
Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the
requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 ("Exchange Act") or through privately negotiated
transactions. The November 2013 Stock Plan has no expiration date. As of February 1, 2014, $250.0 million of authorization
remained under the November 2013 Stock Plan.
March 2013 Stock Plan
In March 2013, the Company's Board of Directors authorized the Company to repurchase up to $250 million of the
Company's Class A Common Stock under an open-ended plan ("March 2013 Stock Plan"). This authorization permits the
Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the
requirements of Rule 10b5-1 under the Exchange Act or through privately negotiated transactions. The March 2013 Stock Plan
has no expiration date. During fiscal 2013, the Company repurchased 2.7 million shares for $209.6 million at an average price
of $77.93 per share. At February 1, 2014, $40.4 million of authorization remained under the March 2013 Stock Plan.
2012 Stock Plan
In February 2012, the Company's Board of Directors authorized the Company to repurchase up to $250 million of the
Company's Class A Common Stock under an open-ended plan ("2012 Stock Plan"). During fiscal 2012, the Company
repurchased 2.4 million shares for $158.0 million at an average price of $66.39 per share. During fiscal 2013, the Company
repurchased 1.2 million shares for $92.0 million at an average price of $79.14 per share, which completed the authorization
under the 2012 Stock Plan.
May 2011 Stock Plan
In May 2011, the Company's Board of Directors authorized the Company to repurchase up to $250 million of the
Company's Class A Common Stock under an open-ended plan ("May 2011 Stock Plan"). During fiscal 2011, the Company
repurchased 5.0 million shares for $222.5 million at an average price of $44.77 per share. During fiscal 2012, the Company
repurchased 439 thousand shares for $27.5 million at an average price of $62.71 per share, which completed the authorization
under the May 2011 Stock Plan.
February 2011 Stock Plan
In February 2011, the Company's Board of Directors authorized the Company to repurchase up to $250 million of the
Company's Class A Common Stock ("February 2011 Stock Plan"). During fiscal 2011, the Company repurchased 6.0 million
shares for $250.0 million at an average price of $41.93 per share, which completed the authorization under the February 2011
Stock Plan.
2010 Stock Plan
In August 2010, the Company's Board of Directors authorized the Company to repurchase up to $250 million of the
Company's Class A Common Stock ("2010 Stock Plan"). During fiscal 2011, the Company repurchased 0.4 million shares for
$18.7 million at an average price of $42.19 per share, which completed the remaining authorization under the 2010 Stock Plan.