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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
Common Stock and Dividend Data
The common stock of the Company is traded in the national over-the-counter market and is authorized for quotation on
the Nasdaq Global Market under the symbol “BRID”. The following table reflects the high and low closing prices and cash
dividends paid as quoted by Nasdaq for each of the last eight fiscal quarters.
| Fiscal Year 2006 |
High |
Low |
Cash Dividends Paid |
|
|
|
|
| First Quarter |
$ 7.90 |
$ 6.50 |
$ 0.00 |
| Second Quarter |
$ 6.50 |
$ 5.80 |
$ 0.00 |
| Third Quarter |
$ 6.80 |
$ 5.99 |
$ 0.00 |
| Fourth Quarter |
$ 6.40 |
$ 5.57 |
$ 0.00 |
| |
|
|
|
| Fiscal Year 2005 |
High |
Low |
Cash Dividends Paid |
|
|
|
|
| First Quarter |
$ 9.24 |
$ 8.01 |
$ 0.00 |
| Second Quarter |
$ 9.15 |
$ 8.20 |
$ 0.00 |
| Third Quarter |
$ 9.19 |
$ 6.46 |
$ 0.00 |
| Fourth Quarter |
$ 8.18 |
$ 6.05 |
$ 0.00 |
The payment of any future dividends will be at the discretion of the Company’s Board of Directors and will depend
upon future earnings, financial requirements and other factors. The Company repurchased 28,000 shares of common stock in
the amount of $187,000 in fiscal year 2006 under the 2.0 million share repurchase plan previously authorized by the Board of
Directors.
Unregistered Sales of Equity Securities
During the period covered by this Report the Company did not sell or issue any equity securities that were not
registered under the Securities Act of 1933, as amended.
Purchases of Equity Securities by the Issuer
The following table provides information regarding repurchases by the Company of its common stock, for each of the four
periods included in the interim seventeen-week period ended November 3, 2006.
| Period (1) |
Total Number of Shares Purchased |
Average Price Paid Per Share |
Total Number of Shares Purchased as Part of Publicly
Announced Plans or Programs (2) |
Maximum Number of
Shares that May Yet
Be Purchased Under the Plans or Programs (2) |
|
|
|
|
|
| July 8, 2006 - August 4, 2006 (4 weeks) |
100 |
$ 6.53 |
100 |
593,985 |
| August 5, 2006 - September 1, 2006 (4 weeks) |
--- |
--- |
--- |
593,985 |
| September 2, 2006 - September 29, 2006 (4 weeks) |
725 |
$6.24 |
725 |
593,260 |
| September 30, 2006 - November 3, 2006 (5 weeks) |
4,835 |
$6.15 |
4,835 |
588,425 |
|
|
|
|
|
| Total |
5,660 |
$6.17 |
5,660 |
|
|
|
|
|
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(1) Period information is presented by reference to the Company’s fiscal period ends during the seventeen-week period ended November 3, 2006.
(2) All repurchases reflected in the foregoing table were made on the open market. The Company’s stock repurchase program was approved by the
Board of Directors in November 1999 (1,500,000 shares authorized, disclosed in a Form 10-K filed on January 26, 2000) and was expanded in
June 2005 (500,000 additional shares authorized, disclosed in a press release and Form 8-K filed on June 17, 2005). Under the stock repurchase
program, the Company is authorized, at the discretion of management and the Board of Directors, to purchase up to an aggregate of 2,000,000
shares of the Company’s common stock on the open market. On September 15, 2006, the Company adopted 10b5-1 Stock Purchase between
Citigroup Global Markets Inc. (“CGM”) and the Company for the purchase of shares of common stock (“Stock”) issued by the Company that
complies with the requirements of Rule 10b5-1 (“Rule”) under the Securities Exchange Act of 1934 (“Exchange Act”). This Purchase Plan
supplements any purchases by the Company “outside” of this Purchase Plan from time to time of shares of Stock in open market transactions
pursuant to Rule 10b-18 of the Exchange Act (“Non-Plan Purchases”). The purchase period covers each trading day commencing October 2,
2006 through and including September 15, 2007.The daily purchase quantity is defined as a number of shares up to, but not to exceed, each day's
applicable SEC Rule 10b-18 maximum volume limit (i.e. 25% of the prior four calendar weeks' average daily trading volume); however, once per
week a block of stock may be purchased that exceeds the SEC Rule 10b-18 25% average daily trading volume condition, provided that no other
Plan purchases are made on any day on which such a block is purchased. The total maximum number of shares that may be purchased under the
plan is 594,000 at a total maximum dollar amount (exclusive of commission) of $5,940,000.
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