This excerpt taken from the FL 10-K filed Apr 2, 2007.
Item 5. Market for the Companys Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Information regarding the Companys market for stock exchange listings, common equity, quarterly high and low prices, and dividend policy are contained in the Shareholder Information and Market Prices footnote under Item 8. Consolidated Financial Statements and Supplementary Data.
There were no purchases of common stock during the fourth quarter of 2006. On February 15, 2006, the Company announced that its Board of Directors authorized a $150 million, three-year share repurchase plan program. During 2006, the Company repurchased 334,200 of common stock at a cost of approximately $8 million. On March 7, 2007, the Company announced that its Board of Directors authorized a new $300 million, three-year share repurchase program replacing the earlier $150 million program.
The following graph compares the cumulative 5-year total return to shareholders on Foot Locker, Inc.s common stock relative to the total returns of the Russell 2000 Index and a selected peer group, which represents its peers as retailers in the athletic footwear and apparel industry. The peer group comprises:
In 2005, the peer group also included The Sports Authority, Inc. On January 23, 2006, The Sports Authority, Inc. announced it had agreed to go private through an acquisition by Leonard Green & Partners LP and certain members of its senior management and, therefore, it was not included in this year's performance graph.
Indexed Share Price Performance