Lifetime Fitness 2013 Annual Report Download - page 31

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25
Authorization") through it's expiration date, August 17, 2013. During the year ended December 31, 2013, 682,634
shares were repurchased for $31.0 million. The shares repurchased were purchased in the open market and, upon
repurchase, became unissued shares of our common stock. This authorization terminated on August 15, 2013 with
the authorization of a new share repurchase program. A total of 1,107,665 shares were repurchased under this
program for $50.1 million.
On August 15, 2013, our Board of Directors authorized the repurchase of up to $200.0 million of our outstanding
common stock from time to time through open market or privately negotiated transactions. The authorization to
repurchase shares terminates when the aggregate repurchase amount totals $200.0 million or at the close of business
on August 16, 2015, whichever occurs first. The share repurchase program does not obligate us to repurchase any
dollar amount or number of shares of our common stock and the program may be extended, modified, suspended or
discontinued at any time. As of December 31, 2013, 646,701 shares have been repurchased under this program for
approximately $31.0 million. The shares repurchased to date have been purchased in the open market and, upon
repurchase, became unissued shares of our common stock.
The following table presents the repurchases of stock under the Stock Repurchase Authorization in the fourth quarter
of 2013:
Period
Total Number
of Shares
Purchased Average Price
Paid per Share Maximum Dollar Value of Shares that
May Yet be Purchased
October 1 – 31, 2013............ — $— $190,724,977
November 1 – 30, 2013........ 210,000 $47.52 $180,745,680
December 1 – 31, 2013 ........ 250,000 $46.83 $169,038,670
Total 460,000 $47.14 $169,038,670
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, 2013, 2012
and 2011 and the consolidated balance sheet data as of December 31, 2013 and 2012 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, 2010 and 2009 and the consolidated balance sheet data as of December 31,
2011, 2010 and 2009 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 footnote 2 to our consolidated financial statements for a description of the method used to compute
basic and diluted net earnings per share.