Jack In The Box 2009 Annual Report Download - page 69

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Table of Contents


The following is a summary of the stock equivalent activity for fiscal 2009:


 
 
Stock equivalents outstanding at September 28, 2008 205,332 $ 11.92
Deferred directors’ compensation 17,021 19.99
Stock distribution (59,949) 8.15
Stock equivalents outstanding at September 27, 2009 162,404 $ 14.16
Employee stock purchase plan — In fiscal 2009, 2008 and 2007, 15,548, 15,567 and 11,248 shares, respectively, were
purchased through the ESPP at an average price of $19.99, $25.65 and $32.51, respectively.
 
Preferred stock — We have 15,000,000 shares of preferred stock authorized for issuance at a par value of $.01 per share. No
preferred shares have been issued.
Repurchases of common stock — In November 2007, the Board of Directors approved a program to repurchase up to
$200.0 million in shares of our common stock over three years expiring November 9, 2010. We repurchased 3.9 million shares at an
aggregate cost of $100.0 million during fiscal 2008. As of September 27, 2009, the aggregate remaining amount authorized and available
under our credit agreement for repurchase was $97.4 million.
In fiscal 2007, pursuant to a tender offer in December 2006, we accepted for purchase approximately 2.3 million shares of common
stock for a total cost of $143.3 million. All shares repurchased were subsequently retired. In fiscal 2007, we also repurchased 3.2 million
shares of stock for $220.1 million and 1.6 million shares for $100.0 million in connection with stock repurchase authorizations made by
our Board of Directors in 2006 and 2005, respectively.
Comprehensive income — Our total comprehensive income, net of taxes, was as follows (in thousands):
  
Net earnings $ 118,408 $119,279 $125,583
Net unrealized gains (losses) related to cash flow hedges 42 (3,210) (2,055)
Tax effect (21) 1,226 801
21 (1,984) (1,254)
Net realized gains reclassified into net earnings on liquidation of interest rate swaps — — (371)
Tax effect — — 137
— — (234)
Effect of unrecognized net actuarial gains (losses) and prior service cost (102,912) 11,907 3,917
Tax effect 39,254 (4,628) (1,524)
(63,658) 7,279 2,393
Total comprehensive income $ 54,771 $ 124,574 $ 126,488
F-30