Lifetime Fitness 2012 Annual Report Download - page 30

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24
12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012
Life Time Fitness $100 $26 $50 $83 $94 $99
NYSE Composite Index 100 59 74 82 77 87
Russell 2000 Index 100 65 82 102 97 111
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 limit
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 2012
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 (the "ESPP Authorization"). 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 "Stock Repurchase Authorization").
Period
Total
Number of
Shares
Purchased
Average
Price
Paid per
Share
Maximum Dollar Value of
Shares that May Yet be
Purchased Under the Stock
Repurchase Authorization (1)
Maximum Number of
Shares that May Yet be
Purchased Under the
ESPP Authorization (2)
October 1 – 31, 2012 119,500 $44.59 $54,672,003 287,820
November 1 – 30, 2012 305,531 $45.07 $40,901,658 287,820
December 1 – 31, 2012 — $— $40,901,658 287,820
Total 425,031 $44.93 $40,901,658 287,820