Lifetime Fitness 2011 Annual Report Download - page 31

25
Life Time Fitness
NYSE Composite Index
Russell 2000 Index
12/31/2006
$100
100
100
12/31/2007
$102
107
97
12/31/2008
$27
63
63
12/31/2009
$51
79
79
12/31/2010
$84
87
99
12/31/2011
$96
82
94
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 limits
the amount of dividends we may pay 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 2011
Period
October 1 – 31, 2011
November 1 – 30, 2011
December 1 – 31, 2011
Total
Total
Number of
Shares
Purchased
—
—
—
—
Average
Price Paid
per Share
$—
$—
$—
$—
Total Number of
Shares Purchased
as Part of Publicly
Announced Plan
(1)
—
—
—
—
Maximum Number
of Shares that May
Yet be Purchased
Under the Plan (1)
314,670
314,670
314,670
314,670
(1) 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. From June 2006 through December 2011,
we have repurchased 185,330 shares. In August 2011, our Board of Directors authorized the repurchase of
up to $60 million of our outstanding common stock from time to time through the open market or privately
negotiated transactions. The authorization to repurchase shares terminates when the aggregate repurchase
amount totals $60 million or at the close of business on August 17, 2013, whichever comes earlier. As of
December 31, 2011, no shares have been repurchased under this program.
Equity Compensation Plan Information
Incorporated by reference hereunder is the information under “Equity Compensation Plan Information” in our Proxy
Statement.
Item 6. Selected Financial Data.
You should read the selected consolidated financial data below in conjunction with our consolidated financial
statements and the related notes and with “Management’s Discussion and Analysis of Financial Condition and
Results of Operations.” The consolidated statement of operations data for the years ended December 31, 2011, 2010
and 2009 and the consolidated balance sheet data as of December 31, 2011 and 2010 are prepared from our audited
consolidated financial statements that are included elsewhere in this report. The consolidated statement of operations
data for the years ended December 31, 2008 and 2007 and the consolidated balance sheet data as of December 31,
2009, 2008 and 2007 are derived from our audited consolidated financial statements that have been previously filed
with the SEC. Historical results are not necessarily indicative of the results of operations to be expected for future
periods. See Note 2 to our consolidated financial statements for a description of the method used to compute basic
and diluted net earnings per share.