Harris Teeter 2011 Annual Report Download - page 12

Issuer Purchases of Equity Securities
The following table summarizes the Company’s purchases of its common stock during the quarter ended October 2, 2011.
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 4, 2011 to August 7, 2011 - 0 - n.a. - 0 - 2,767,169
August 8, 2011 to September 4, 2011 - 0 - n.a. - 0 - 2,767,169
September 5, 2011 to October 2, 2011 - 0 - n.a. - 0 - 2,767,169
Total - 0 - n.a. - 0 - 2,767,169
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(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 October 2, 2011, the Company had purchased and retired 1,872,820 shares under this
authorization. No stock purchases were made during the quarter ended October 2, 2011. The stock buyback program
has no set expiration or termination date.
Item 6. Selected Financial Data (dollars in thousands, except per share data)
The following table sets forth selected financial data of the Company as of and for each of the years in the five-year
period ended October 2, 2011 and should be read in conjunction with “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and our Consolidated Financial Statements and notes thereto included in Item 8 hereof.
As previously disclosed, the Company sold all of its ownership interest in its thread manufacturing business, A&E, on
November 7, 2011. As such, the sales and operating results of A&E are included within earnings (loss) from discontinued
operations in the table below. Prior years have been reclassified to conform to the presentation used in fiscal 2011. For a
discussion of certain factors that materially affect the comparability of the selected financial data or cause the data reflected
herein not to be indicative of our future results of operations or financial condition, see “Management’s Discussion and Analysis
of Financial Condition and Results of Operations—Results of Operations—Discontinued Operations.”
2011 2010 2009 2008 2007
Net Sales $4,285,565 $4,099,353 $3,827,005 $3,664,804 $3,299,377
Operating Profit 180,706 176,856 168,114 169,901 144,814
Earnings from Continuing Operations, Net of Taxes 111,458 98,652 93,597 93,577 80,006
Earnings (Loss) from Discontinued Operations, Net of
Taxes (20,211) 13,389 (7,633) 3,175 682
Net Earnings 91,247 112,041 85,964 96,752 80,688
Earnings (Loss) Per Share – Basic:
Continuing Operations 2.30 2.05 1.95 1.96 1.68
Discontinued Operations (0.42) 0.28 (0.16) 0.07 0.01
Earnings (Loss) Per Share – Diluted:
Continuing Operations 2.28 2.03 1.94 1.94 1.66
Discontinued Operations (0.41) 0.28 (0.16) 0.07 0.01
Dividend per share 0.52 0.48 0.48 0.48 0.44
Total Assets 1,984,424 1,893,671 1,844,321 1,696,407 1,529,689
Long-Term Debt – including Current Portion 287,330 306,096 363,427 316,986 260,628
Note: The Company’s fiscal year ends on the Sunday nearest to September 30. However, Harris Teeter’s fiscal periods end on
the Tuesday following the Company’s fiscal period end. Fiscal year 2011 includes the 52 weeks ended October 2, 2011. Fiscal
year 2010 includes the 53 weeks ended October 3, 2010 and Fiscal years 2009, 2008, and 2007 includes the 52 weeks ended
September 27, 2009, September 28, 2008 and September 30, 2007, respectively.
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