Jack In The Box 2011 Annual Report Download - page 19
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Table of Contents
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Market Information. Our common stock is traded on the Nasdaq Global Select Market under the symbol “JACK.” The following table sets forth the high
and low sales prices for our common stock during the fiscal quarters indicated, as reported on the NASDAQ — Composite Transactions:
High $ 24.17 $ 23.85 $ 24.51 $ 24.18
Low $ 18.25 $ 19.60 $ 20.75 $ 19.81
High $ 22.54 $ 26.37 $ 25.04 $ 21.04
Low $ 18.42 $ 19.05 $ 19.50 $ 17.84
Dividends. We did not pay any cash or other dividends during the last two fiscal years and do not anticipate paying dividends in the foreseeable future. As
of October 2, 2011, our credit agreement provides for up to $259.4 million for the potential payment of cash dividends and stock repurchases, subject to
certain limitations based on our leverage ratio as defined in our credit agreement.
Stock Repurchases. In November 2010, the Board of Directors approved a program to repurchase up to $100 million in shares of our common stock
expiring November 2011. In May 2011, the Board of Directors approved an additional program to repurchase up to $100.0 million in shares of our common
stock expiring November 2012. As of October 2, 2011, the aggregate remaining amount authorized for repurchase was $6.4 million. The following table
summarizes shares repurchased pursuant to this program during the quarter ended October 2, 2011:
$ 60,189,517
July 11, 2011 – August 7, 2011 434,268 $ 23.44 434,268 $ 50,000,030
August 8, 2011 – September 4, 2011 1,336,983 $ 19.87 1,336,983 $ 23,397,204
September 5, 2011 – October 2, 2011 865,796 $ 19.66 865,796 $ 6,352,414
Total 2,637,047 $ 20.39 2,637,047
In November 2011, the Board of Directors approved a new program to repurchase, within the next two years, up to $100.0 million in shares of our
common stock.
Stockholders. As of November 17, 2011, there were 641 stockholders of record.
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