Lifetime Fitness 2009 Annual Report Download - page 31

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26
Performance Graph
The following graph compares the annual change in the cumulative total shareholder return on our common stock
from December 31, 2004 through December 31, 2009 with the cumulative total return on the NYSE Composite
Index and Russell 2000 Index. The comparison assumes $100 was invested on December 31, 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
31-Dec-04 1-Jul-05 1-Jan-06 1-Jul-06 1-Jan-07 1-Jul-07 1-Jan-08 1-Jul-08 1-Jan-09 1-Jul-09
Comparison of Total Return
LTM
Russell
2000
NYSE Composite
12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09
12/31/2004 12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009
Life Time Fitness .......................... $100 $147 $187 $192 $50 $96
N
YSE Composite Index ............... 100 107 126 134 79 99
Russell 2000 Index ....................... 100 103 121 118 77 96
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.
Issuer Purchases of Equity Securities in Fourth Quarter 2009
In June 2006, our Board of Directors authorized the repurchase of 500,000 shares of our common stock from time to
time in the open market or otherwise for the primary purpose of offsetting the dilutive effect of shares issued
pursuant to our Employee Stock Purchase Plan. Since June 2006, through December 2009, we have repurchased
124,612 shares. No shares were repurchased by us in the fourth quarter of 2009.