Papa Johns 2013 Annual Report Download - page 31

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The฀followingtable฀summarizes฀our฀repurchase฀activity฀by฀fiscal฀periodduringthe฀fourth฀quarter฀ended฀
December฀29,฀2013,฀as฀adjusted฀for฀the฀two-for-one฀stock฀split,฀(in฀thousands,฀except฀per฀share฀amounts):฀
Total฀Number MaximumDollar
Total Average of฀Shares฀Purchased Value฀of฀Shares
Number฀ Price as฀Part฀of฀Publicly that฀May฀Yet฀Be
of฀Shares Paid฀per Announced฀Plans Purchased฀Under฀the
Fiscal฀Period Purchased Share or฀Programs Plans฀or฀Programs
09/30/2013฀-฀10/27/2013 146฀฀฀฀฀฀฀฀฀฀฀฀ $35.33 101,913฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $166,143
10/28/2013฀-฀11/24/2013 1,034฀฀฀฀฀฀฀฀฀ $38.59 102,947฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $126,246
11/25/2013฀-฀12/29/2013 101฀฀฀฀฀฀฀฀฀฀฀฀ $43.47 103,048฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $121,875
The฀Company฀retired฀all฀common฀stockshares฀held฀in฀treasury฀as฀of฀October฀29,฀2013฀in฀connection฀with
the฀stock฀split.฀
The฀ Company฀ utilizes฀ a฀ written฀ trading฀ plan฀ under฀ Rule฀ 10b5-1฀ under฀ the฀ Securities฀ Exchange฀ Act฀ of฀
1934,฀as฀amended,฀from฀time฀to฀time฀to฀facilitate฀the฀repurchase฀of฀shares฀of฀our฀common฀stock฀under฀this฀
share฀repurchase฀program.฀There฀can฀be฀no฀assurance฀that฀we฀will฀repurchase฀shares฀of฀our฀common฀stock
either฀through฀a฀Rule฀10b5-1฀trading฀plan฀or฀otherwise.฀
Stock฀Performance฀Graph฀
The฀following฀performance฀graph฀compares฀the฀cumulative฀shareholder฀return฀of฀the฀Company's฀common฀
stock฀for฀the฀five-year฀period฀between฀December฀28,2008฀and฀December฀29,฀2013฀to฀(i)฀the฀NASDAQ฀
Stock฀Market฀(U.S.)฀Index฀and฀(ii)฀a฀group฀of฀the฀Company's฀peers฀consisting฀of฀U.S.฀companies฀listed฀on฀
NASDAQ฀ with฀ standard฀ industry฀ classification฀ (SIC)฀ codes฀ 5800-5899฀ (eating฀ and฀ drinking฀ places).฀฀
Management฀believes฀the฀companies฀included฀in฀thispeer฀group฀appropriately฀reflect฀the฀scope฀of฀the฀
Company’s฀ operations฀ and฀ match฀ the฀ competitive฀ market฀ in฀ which฀ the฀ Company฀ operates.฀ The฀ graph฀
assumes฀the฀value฀of฀the฀investments฀ in฀the฀Company's฀ common฀stock฀and฀ in฀each฀index฀was฀$100฀on
December฀28,฀2008,฀and฀that฀all฀dividends฀were฀reinvested.