Foot Locker 2007 Annual Report Download - page 77

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61
nonexempt, unpaid overtime, meal and rest breaks, and uniforms. Management does not believe that the outcome of
such proceedings would have a material adverse effect on the Company’s consolidated financial position, liquidity, or
results of operations, taken as a whole.
25. Commitments
In connection with the sale of various businesses and assets, the Company may be obligated for certain lease
commitments transferred to third parties and pursuant to certain normal representations, warranties, or indemnifications
entered into with the purchasers of such businesses or assets. Although the maximum potential amounts for such
obligations cannot be readily determined, management believes that the resolution of such contingencies will not have
a material effect on the Company’s consolidated financial position, liquidity, or results of operations. The Company
is also operating certain stores and making rental payments for which lease agreements are in the process of being
negotiated with landlords. Although there is no contractual commitment to make these payments, it is likely that a
lease will be executed.
The Company does not have any off-balance sheet financing, other than operating leases entered into in the normal
course of business and disclosed above, or unconsolidated special purpose entities. The Company does not participate
in transactions that generate relationships with unconsolidated entities or financial partnerships, including variable
interest entities.
26. Shareholder Information and Market Prices (Unaudited)
Foot Locker, Inc. common stock is listed on The New York Stock Exchange as well as on the böerse-stuttgart stock
exchange in Germany and the Elektronische Börse Schweiz (EBS) stock exchange in Switzerland. In addition, the stock
is traded on the Cincinnati stock exchange.
As of February 2, 2008, the Company had 22,781 shareholders of record owning 154,474,274 common shares.
Market prices for the Company’s common stock were as follows:
2007 2006
High Low High Low
Common Stock
Quarter
1stQ ........................................... $ 24.78 $ 21.28 $ 24.39 $ 22.26
2ndQ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.15 17.00 28.00 21.50
3rdQ ........................................... 17.60 13.70 27.80 22.34
4thQ. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.14 9.05 24.92 21.10
During 2007, the Company declared quarterly dividends of $0.125 per share during each of the quarters. During
2006, the Company declared quarterly dividends of $0.09 per share during the first, second, and third quarters. The
Company increased the quarterly dividend per share to $0.125, beginning in the fourth quarter of 2006.