Plantronics 2006 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2006 Plantronics 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 134

  • 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
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

Share Repurchase Programs
The following table presents a month-to-month summary of the stock purchase activity in the fourth
quarter of fiscal 2006.
Total Number of Maximum Number
Shares Purchased of Shares that May
as Part of Publicly Yet Be Purchased
Total Number of Average Price Announced Plans Under the
Shares Purchased Paid per Share or Programs Plans or Programs
January 1, 2006 to
January 28, 2006 26,500 $28.82 26,500 175,000
January 29, 2006 to
March 4, 2006 — $ — — 175,000
March 5, 2006 to
April 1, 2006 — $ — — 175,000
At March 31, 2005, we had 372,500 shares that were yet to be purchased under previous repurchase
programs. During the year ended March 31, 2006, the Board of Directors authorized the repurchase of
2,000,000 shares of common stock under our 16th and 17th repurchase programs, under which the
Company may purchase shares in the open market from time to time. We repurchased 2,197,500 shares
of our common stock in the open market at a total cost of $70.4 million and an average price of
$32.03 per share during fiscal 2006. As of March 31, 2006, there were 175,000 remaining shares
authorized for repurchase.
The following table presents shares of our common stock repurchased in the open market during the past
five fiscal years. ($ amounts in thousands, except per share data)
Fiscal Total Number of Total Amount of Average Price
Year Ended Shares Purchased Shares Purchased Paid per Share
2002 3,581,421 $72,082 $20.13
2003 2,874,800 $44,826 $15.59
2004 122,800 $ 1,833 $14.96
2005 770,100 $28,466 $36.96
2006 2,197,500 $70,395 $32.03
See Note 13 of our Notes to Consolidated Financial Statements for more information regarding our
stock repurchase programs.
As of April 29, 2006, there were approximately 90 holders of record of our common stock.
40 ⯗Plantronics