Popeye's 2015 Annual Report Download - page 27

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The following table sets forth the locations by state of land and buildings which we lease or sublease to our franchisees as
of December 27, 2015:
Land and
Buildings Owned
Land and/or
Buildings Leased Total
Texas 3 16 19
Georgia — 16 16
California 9 4 13
Minnesota 9 4 13
Tennessee
1 34
Colorado
— 11
Pennsylvania
2 —2
Total 24 44 68
Additionally, we had three properties subleased or available to sublease to unrelated third parties and one owned parcel of
land.
We lease office space in a facility located in Atlanta, Georgia that is the headquarters for the Company. The lease for the
office space expires on November 30, 2022. There are two five year renewal options which can be executed to extend the lease
an additional 10 years at a market rate to be determined at the time of renewal.
We believe our leased and owned facilities provide sufficient space to support our corporate and operational needs.
Item 3. LEGAL PROCEEDINGS
We are a defendant in various legal proceedings arising in the ordinary course of business, including claims resulting from
“slip and fall” accidents, employment-related claims, claims from guests or employees alleging illness, injury or other food
quality, health or operational concerns and claims related to franchise matters. We have established adequate reserves to provide
for the defense and settlement of such matters, and we believe their ultimate resolution will not have a material adverse effect
on our financial condition or our results of operations.
Item 4. MINE SAFETY DISCLOSURES
None.
PART II.
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock currently trades on the NASDAQ Global Market under the symbol “PLKI.”
The following table sets forth the high and low per share sales prices of our common stock, by quarter, for fiscal years 2015
and 2014.
2015 2014
(Dollars per share) High Low High Low
First Quarter $ 66.49 $ 53.01 $ 43.44 $ 36.44
Second Quarter $ 60.75 $ 54.40 $ 46.12 $ 35.74
Third Quarter $ 61.92 $ 50.57 $ 42.03 $ 38.67
Fourth Quarter $ 59.41 $ 50.93 $ 56.74 $ 41.03
Share Repurchases
During 2015, we repurchased and retired 1,084,478 shares of common stock for approximately $62.0 million. During 2014,
we repurchased and retired 891,931 shares of common stock for approximately $40.0 million. During 2013, we repurchased
and retired 504,295 shares of common stock for approximately $19.9 million.
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