Dollar Rent A Car 2006 Annual Report Download - page 27

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The Company owns or leases real property used for company-owned stores and office facilities, and in
some cases owns real property that is leased to franchisees or other third parties. As of December 31,
2006, the Company’s company-owned operations were carried on at 407 locations in the United States
and Canada, the majority of which are leased. Dollar and Thrifty each operate company-owned stores
under concession agreements with various governmental authorities charged with the operation of
airports. Concession agreements for airport locations, which are usually competitively bid, are important
for securing air traveler business.
ITEM 3. LEGAL PROCEEDINGS
Various legal actions, claims and governmental inquiries and proceedings are pending or may be
instituted or asserted in the future against the Company. Litigation is subject to many uncertainties, and
the outcome of the individual litigated matters is not predictable with assurance. It is possible that certain
of the actions, claims, inquiries or proceedings could be decided unfavorably to the Company. Although
the final resolution of any such matters could have a material effect on the Company's consolidated
operating results for the particular reporting period in which an adjustment of the estimated liability is
recorded, the Company believes that any resulting liability should not materially affect its consolidated
financial position.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of security holders during the fourth quarter ended December 31,
2006.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is listed on the New York Stock Exchange (“NYSE”) under the trading
symbol “DTG.” The high and low closing sales prices for the Common Stock for each quarterly period
during 2006 and 2005 were as follows:
First Second Third Fourth
Quarter Quarter Quarter Quarter
2006
High 46.00$ 50.00$ 45.83$ 46.53$
Low 36.98$ 42.70$ 39.06$ 39.19$
2005
High 33.45$ 37.98$ 38.79$ 38.65$
Low 28.65$ 32.01$ 29.38$ 31.20$
The 23,699,081 shares of Common Stock outstanding at February 28, 2007 were held by approximately
6,164 registered and beneficial stockholders of record.
The Company has not paid cash dividends since completion of its initial public offering in December
1997. In light of the Company’s share repurchase program, the Company does not presently intend to
pay cash dividends. See “Management’s Discussion and Analysis of Financial Condition and Results of
Operation – Share Repurchase Program”.
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