Harris Teeter 2007 Annual Report Download - page 15

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11
Issuer Purchases of Equity Securities
The following table summarizes the Company’s purchases of its common stock during the quarter ended
September 30, 2007.
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs (1)
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans or
Programs
July 2, 2007 to August 5, 2007 . . . . . . . . . . . - 0 - n.a. - 0 - 3,072,069
August 6, 2007 to September 2, 2007 . . . . . . - 0 - n.a. - 0 - 3,072,069
September 3, 2007 to September 30, 2007 . . - 0 - n.a. - 0 - 3,072,069
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 0 - n.a. - 0 - 3,072,069
(1) In February 1996, the Company announced the adoption of a stock buyback program, authorizing, at
management’s discretion, the Company to purchase and retire up to 4,639,989 shares, 10% of the then-
outstanding shares of the Company’s common stock, for the purpose of preventing dilution as a result of the
operation of the Company’s comprehensive stock option and awards plans. The stock purchases are effected
from time to time pursuant to this authorization. As of September 30, 2007, the Company had purchased
1,567,920 shares under this authorization. No shares were purchased under this authorization during the
quarter ended September 30, 2007. The stock purchase plan has no set expiration or termination date.
Item 6. Selected Financial Data (dollars in thousands, except per share data)
2007 2006 2005 2004 2003
Net sales . . . . . . . . . . . . . . . . . . . . . $3,639,208 $3,265,856 $2,964,655 $2,868,597 $2,724,739
Operating profit . . . . . . . . . . . . . . . 148,174 123,069 115,260 112,414 102,112
Net income . . . . . . . . . . . . . . . . . . . 80,688 72,336 68,598 64,659 59,882
Net income per share
Basic . . . . . . . . . . . . . . . . . . . . . 1.69 1.53 1.45 1.39 1.29
Diluted . . . . . . . . . . . . . . . . . . . . 1.68 1.52 1.44 1.38 1.29
Dividend per share . . . . . . . . . . . . . 0.44 0.44 0.44 0.40 0.36
Total assets . . . . . . . . . . . . . . . . . . . 1,529,689 1,362,936 1,203,640 1,109,097 1,065,022
Long-term debt -- including
current portion . . . . . . . . . . . . . 264,392 237,731 163,445 166,287 189,095
Shareholders’ equity . . . . . . . . . . . . 736,610 670,517 608,942 549,710 495,265
Book value per share . . . . . . . . . . . 15.31 14.10 12.82 11.76 10.71
Note: The Company’s fiscal year ends on the Sunday nearest to September 30. Fiscal years 2007, 2006, 2005
and 2003 includes the 52 weeks ended September 30, 2007, October 1, 2006, October 2, 2005 and September 28,
2003. Fiscal year 2004 includes the 53 weeks ended October 3, 2004.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
This Management’s Discussion and Analysis of Financial Condition and Results of Operations includes
forward-looking statements. We have based these forward-looking statements on our current plans, expectations
and beliefs about future events. In light of the risks, uncertainties and assumptions discussed under Item 1A
“Risk Factors” of this Annual Report on Form 10-K and other factors discussed in this section, there are risks
that our actual experience will differ materially from the expectations and beliefs reflected in the forward-
looking statements in this section and throughout this report. For more information regarding what constitutes
a forward-looking statement, please refer to “Risk Factors” in Item 1A hereof.