Papa Johns 2012 Annual Report Download - page 27

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21
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 24, 2013, there were 743 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.
2012 High Low
First Quarter 40.43$ 36.57$
Second Quarter 49.38 36.78
Third Quarter 52.78 45.75
Fourth Quarter 54.00 47.05
2011 High Low
First Quarter 30.55$ 27.54$
Second Quarter 34.27 29.62
Third Quarter 33.79 27.47
Fourth Quarter 37.92 29.54
Since our initial public offering of common stock in 1993, we have not paid cash dividends on our
common stock.
Papa John’s Board of Directors has authorized the repurchase of up to $1.1 billion of common stock
under a share repurchase program that began December 9, 1999, and expires September 29, 2013. This
includes $50 million of authorization by the Board of Directors in December 2012 and an additional $50
million authorized in February 2013. Through December 30, 2012, a total of 49.7 million shares with an
aggregate cost of $959.6 million and an average price of $19.29 per share have been repurchased under
this program. Subsequent to year-end, we acquired an additional 5,000 shares at an aggregate cost of
$254,000. Approximately $115.2 million remained available under the Company’s share repurchase
program as of February 24, 2013.