O'Reilly Auto Parts 2015 Annual Report Download - page 27

Download and view the complete annual report

Please find page 27 of the 2015 O'Reilly Auto Parts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 91

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91

FORM 10-K
PART II
Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common stock:
Shares of O'Reilly Automotive, Inc. (the "Company") common stock are traded on The NASDAQ Global Select Market ("Nasdaq") under
the symbol "ORLY." The Company's common stock began trading on April 22, 1993; no cash dividends have been declared since that
time, and the Company does not anticipate paying any cash dividends in the foreseeable future.
As of February 17, 2016, the Company had approximately 209,000 shareholders of common stock based on the number of holders of
record and an estimate of individual participants represented by security position listings.
The prices in the following table represent the high and low sales price for the Company's common stock as reported by Nasdaq:
2015 2014
High Low High Low
First Quarter $ 219.38 $ 179.96 $ 154.81 $ 128.76
Second Quarter 232.41 214.05 153.37 141.93
Third Quarter 256.47 230.82 158.55 145.88
Fourth Quarter 276.26 247.29 195.48 148.53
For the Year $ 276.26 $ 179.96 $ 195.48 $ 128.76
Sales of unregistered securities:
There were no sales of unregistered securities during the year ended December 31, 2015.
Issuer purchases of equity securities:
The following table identifies all repurchases during the fourth quarter ended December 31, 2015, of any of the Company's securities
registered under Section 12 of the Securities Exchange Act of 1934, as amended, by or on behalf of the Company or any affiliated purchaser
(in thousands, except per share data):
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Programs
Maximum Dollar Value
of Shares that May Yet
Be Purchased Under the
Programs (1)
October 1, 2015, to October 31, 2015 122 $ 247.74 122 $ 399,835
November 1, 2015, to November 30, 2015 165 267.68 165 355,722
December 1, 2015, to December 31, 2015 830 256.15 830 $ 143,196
Total as of December 31, 2015 1,117 $ 256.93 1,117
(1) Under the Company's share repurchase program, as approved by its Board of Directors on January 11, 2011, the Company may, from time to time,
repurchase shares of its common stock, solely through open market purchases effected through a broker dealer at prevailing market prices, based
on a variety of factors such as price, corporate trading policy requirements and overall market conditions not to exceed a dollar limit authorized
by the Board of Directors. The Company's Board of Directors may increase or otherwise modify, renew, suspend or terminate the share repurchase
program at any time, without prior notice. As announced on February 4, 2015, May 29, 2015, and February 10, 2016, the Company's Board of
Directors each time approved a resolution to increase the authorization amount under the share repurchase program by an additional $500 million,
$500 million and $750 million, respectively, resulting in a cumulative authorization amount of $6.3 billion. Each additional authorization is effective
for a three-year period, beginning on its respective announcement date. The authorization under the share repurchase program that currently has
capacity is scheduled to expire on February 10, 2019. No other share repurchase programs existed during the twelve months ended December 31,
2015.
The Company repurchased a total of 4.9 million shares of its common stock under its publicly announced share repurchase program
during the year ended December 31, 2015, at an average price per share of $231.81, for a total investment of $1.1 billion. Subsequent
to the end of the year and through February 26, 2016, the Company repurchased an additional 0.8 million shares of its common stock,
at an average price per share of $247.61, for a total investment of $201.6 million. The Company has repurchased a total of 52.1 million
shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through
February 26, 2016, at an average price of $106.76, for a total aggregate investment of $5.6 billion.