Papa Johns 2008 Annual Report Download - page 31

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24
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Our common stock trades on The NASDAQ Global Select Market tier of The NASDAQ Stock Market
under the symbol PZZA. As of February 17, 2009, there were approximately 862 record holders of
common stock. However, there are significantly more beneficial owners of our common stock than there
are record holders. The following table sets forth, for the quarters indicated, the high and low closing
sales prices of our common stock, as reported by The NASDAQ Stock Market.
2008 High Low
First Quarter 27.00$ 20.93$
Second Quarter 29.79 24.21
Third Quarter 30.48 25.36
Fourth Quarter 27.65 13.11
2007 High Low
First Quarter 30.88$ 27.03$
Second Quarter 33.92 28.53
Third Quarter 29.19 24.03
Fourth Quarter 26.91 21.95
Since our initial public offering of common stock in 1993, we have not paid cash dividends on our
common stock, and have no current plans to do so.
Papa John’s Board of Directors has authorized the repurchase of up to $775.0 million of common stock
under a share repurchase program that began December 9, 1999, and runs through December 31, 2009.
Through December 28, 2008, a total of 42.2 million shares with an aggregate cost of $712.7 million and
an average price of $16.89 per share have been repurchased under this program. Subsequent to year-end
(through February 17, 2009), we acquired an additional 264,000 shares at an aggregate cost of $4.8
million. As of February 17, 2009, approximately $57.5 million remained available for repurchase of
common stock under this authorization.