Office Depot 2004 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2004 Office Depot 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 82

  • 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

18 |Office Depot 2004 Annual Report
The following table provides information with respect to our purchases of Office Depot, Inc. common stock during the fourth
quarter of the 2004 fiscal year:
(d) Maximum
Number
(c) Total of Shares (or
Number of Approximate
Shares Dollar Value)
Purchased as that May Yet
(a) Total Part of Publicly Be Purchased
Number of (b) Average Announced Under the
Shares Price Paid Plans or Plans or
Period Purchased per Share Programs(1) Programs
Balance as of September 25, 2004 . . . . . . . . . . . . . . . 2,155,056(2) $16.68 2,130,715 $514,747,000
September 26, 2004–October 23, 2004 . . . . . . . . . . . 377,200 14.83 377,200 509,153,000
October 24, 2004–November 20, 2004 . . . . . . . . . . . . 650,523 16.63 650,523 498,332,000
November 21, 2004–December 25, 2004 . . . . . . . . . . 816,000 16.70 816,000 484,701,000
Total / Balance as of December 25, 2004 . . . . . . . . . . 3,998,779 16.50 3,974,438 484,701,000
(1) On October 26, 2001, we announced that the board of directors authorized a common stock repurchase program. Under the program, we are
authorized to repurchase up to $50 million of its common stock annually until the board terminates such program. The 2004 program was com-
pleted on November 11, 2004. On September 16, 2004, we announced that the board of directors authorized a separate common stock repur-
chase program whereby we are authorized to repurchase up to $500 million of our common stock over the following 12 to 24 months. This amount
is inclusive of the repurchases authorized under the 2001 program for 2005 and 2006. This program commenced on November 12, 2004.
(2) Includes 24,341 shares of common stock delivered or restricted shares of common stock withheld to pay income tax or other tax liabilities with
respect to the vesting of restricted stock, exercise of stock options, or the settlement of performance share awards.