Lifetime Fitness 2008 Annual Report Download - page 29

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23
Performance Graph
The following graph compares the annual change in the cumulative total shareholder return on our common stock
from June 30, 2004, which is the day our common stock began to trade publicly, through December 31, 2008 with
the cumulative total return on the NYSE Composite Index and Russell 2000 Index. The comparison assumes $100
was invested on June 30, 2004 in Life Time Fitness common stock and in each of the foregoing indices and assumes
that dividends were reinvested when and as paid. We have not declared dividends on our common stock. You should
not consider shareholder return over the indicated period to be indicative of future shareholder returns.
$25
$50
$75
$100
$125
$150
$175
$200
$225
$250
$275
$300
$325
30-Jun-04 30-D ec-04 30-Jun-05 30-Dec-05 30-Jun-06 30-Dec-06 30-Jun-07 30-Dec-07 30-Jun-08 30-Dec-08
Comparison of Total Return
LTM
Russell 2000
NYSE Composite
30-Jun-04 31-Dec-04 30-Jun-05 31-Dec-05 30-Jun-06 31-Dec-06 30-Jun-07 31-Dec-07 30-Jun-08 31-Dec-08
June 30,
2004
December 31,
2004
December 31,
2005
December 31,
2006
December 31,
2007
December 31,
2008
Life Time
Fitness (1) .........
.
$100.00 $123.24 $181.38 $231.00 $236.57 $61.67
NYSE
Composite
Index .................
.
100.00 109.80 117.43 138.41 147.51 87.19
Russell 2000
Index .................
.
100.00 110.15 113.81 133.16 129.50 84.44
(1) For purposes of this presentation, we have used $21.00, the closing price of our common stock on June 30,
2004, the first day our common stock began to trade publicly.
Dividends
We have never declared or paid any cash dividends on our common stock. We currently intend to invest all future
earnings into the operation and expansion of our business and do not anticipate declaring or paying any cash
dividends on our common stock in the foreseeable future. In addition, the terms of our revolving credit facility and
certain of our debt financing agreements prohibit us from paying dividends without the consent of the lenders. The
payment of any dividends in the future will be at the discretion of our board of directors and will depend upon our
results of operations, earnings, capital requirements, contractual restrictions, outstanding indebtedness and other
factors deemed relevant by our board.