Invacare 2014 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2014 Invacare annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

I-37
The following table presents information with respect to repurchases of common shares made by the Company during the
three months ended December 31, 2014.
Period
Total Number of
Shares
Purchased (1) Average Price
Paid Per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Maximum Number
of Shares That May Yet
Be Purchased Under
the Plans or Programs (2)
10/1/2014 - 10/31/14 $ 2,453,978
11/1/2014 - 11/30/14 13,913 16.44 2,453,978
12/1/2014 - 12/31/14 9,386 16.11 2,453,978
Total 23,299 $ 16.30 2,453,978
________________________
(1) All 23,299 shares repurchased between November 1, 2014 and December 31, 2014 were surrendered to the Company
by employees for minimum tax withholding purposes in conjunction with the vesting of restricted shares awarded to the
employees under the Company’s equity compensation plans.
(2) In 2001, the Board of Directors authorized the Company to purchase up to 2,000,000 Common Shares, excluding any
shares acquired from employees or directors as a result of the exercise of options or vesting of restricted shares pursuant
to the Company’s performance plans. The Board of Directors reaffirmed its authorization of this repurchase program on
November 5, 2010, and on August 17, 2011 authorized an additional 2,046,500 shares for repurchase under the plan. To
date, the Company has purchased 1,592,522 shares under this program, with authorization remaining to purchase
2,453,978 shares. The Company did not purchase any shares pursuant to this Board authorized program during 2014.
The equity compensation plan information required under Item 201(d) of Regulation S-K is incorporated by reference to
the information under the caption "Equity Compensation Plan Information" in the Company's definitive Proxy Statement on
Schedule 14A for the 2015 Annual Meeting of Shareholders.
Item 6. Selected Financial Data.
The selected consolidated financial data set forth below with respect to the Company’s consolidated statements of
comprehensive income (loss), cash flows and shareholders’ equity for the fiscal years ended December 31, 2014, 2013 and 2012,
and the consolidated balance sheets as of December 31, 2014 and 2013 are derived from the Consolidated Financial Statements
included elsewhere in this Form 10-K or as adjusted to reflect the impact of discontinued operations. The consolidated statements
of comprehensive income (loss), cash flows and shareholders’ equity data for the fiscal years ended December 31, 2011 and 2010
and consolidated balance sheet data for the fiscal years ended December 31, 2012, 2011 and 2010 are derived from the Company’s
previously filed Consolidated Financial Statements or as adjusted to reflect the impact of discontinued operations. The data set
forth below should be read in conjunction with Item 7—“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” and the Company’s Consolidated Financial Statements and Notes thereto included elsewhere in this Form 10-
K. The Balance Sheet, Other Data and Key Ratios reflect the impact of discontinued operations to the extent included in the
Consolidated Balance Sheets and Consolidated Statement of Cash Flows.