Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed for trading on NASDAQ Global Select Market under the trading symbol “CLAR”.
Performance Graph
Set forth below is a line graph comparing the yearly percentage change in the cumulative total stockholder return on our common stock to the cumulative total return of the NASDAQ Global Select Market Composite and the Russell 2000 Index for the period commencing on December 31, 2015 and ending on December 31, 2020 (the “Measuring Period”). The graph assumes that the value of the investment in our common stock and the indexes was $100 on December 31, 2015. The yearly change in cumulative total return is measured by dividing (1) the sum of (i) the cumulative amount of dividends for the Measuring Period, assuming dividend reinvestment, and (ii) the change in share price between the beginning and end of the Measuring Period, by (2) the share price at the beginning of the Measuring Period.
Historical stock price performance should not be relied on as indicative of future stock price performance.
Total Return Analysis
12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
12/31/2020
Clarus Corporation
$
100.00
$
121.04
$
177.60
$
230.09
$
310.58
$
355.01
The Russell 2000 Index
$
100.00
$
119.48
$
135.18
$
118.72
$
146.89
$
173.86
NASDAQ Global Select Market
$
100.00
$
107.59
$
138.18
$
133.10
$
180.49
$
258.17
Stockholders
On March 3, 2021, the last reported sales price for our common stock was $18.06 per share. As of March 3, 2021, there were 76 holders of record of our common stock.
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Dividends
On August 6, 2018, the Company announced that its Board of Directors approved the initiation of a Quarterly Cash Dividend program of $0.025 per share of the Company’s common stock or $0.10 per share on an annualized basis. On May 1, 2020, the Company announced that, in light of the operational impact of the COVID-19 pandemic, its Board of Directors temporarily replaced its Quarterly Cash Dividend with a Quarterly Stock Dividend. In 2020, 2019 and 2018, our total Quarterly Cash Dividends were $1,520,000, $2,987,000 and $1,488,000, respectively. In 2020, our total Quarterly Stock Dividends were $1,533,000.
On January 29, 2021, the Company announced that its Board of Directors approved the payment on February 19, 2021 of the Quarterly Cash Dividend to the record holders of shares of the Company’s common stock as of the close of business on February 8, 2021. The payment of any future Quarterly Cash Dividends will be at the discretion of our Board of Directors and will depend upon, among other things, our results of operations, capital requirements, general business conditions, contractual restrictions on payment of dividends, if any, legal and regulatory restrictions on the payment of dividends, and other factors our Board of Directors deems relevant.
Recent Sales of Unregistered Securities
None.
Recent Purchases of our Registered Equity Securities
On November 9, 2015, the Company announced that its Board of Directors authorized a stock repurchase program that allows the repurchase of up to $30,000,000 of the Company’s outstanding common stock. No repurchases of shares of the Company’s common stock occurred during the three months ended December 31, 2020.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table sets forth certain information regarding our equity plans as of December 31, 2020:
Plan Category
(A)
Number of securities to be issued upon exercise of outstanding, warrants and rights
(B)
Weighted-average exercise price of outstanding options, warrants and rights
(C)
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (A))
Equity compensation plans approved by security holders (1)
4,501,997
$
10.06
6,800,093
Total
4,501,997
$
10.06
6,800,093
(1) Consists of stock options and restricted stock awards issued and issuable under the 2005 Stock Incentive Plan and the 2015 Stock Incentive Plan.
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ITEM 6. SELECTED FINANCIAL DATA
Our selected financial information set forth below has been derived from our audited consolidated financial statements and should be read in conjunction with our consolidated financial statements, including the notes thereto and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of Item 7 of Part II of this Annual Report on Form 10-K. The Company acquired equity of, or certain assets or liabilities relating to, Sierra, SKINourishment and the Barnes brand of bullets on August 21, 2017, November 6, 2018 and October 2, 2020, respectively. See Note 2. Acquisition to the notes to consolidated financial statements.
Year Ended December 31,
2020
2019
2018
2017
2016
(in thousands, except per share amounts)
Statement of Operations Data:
Sales
$
224,007
$
229,437
$
212,141
$
170,687
$
148,189
Gross profit
77,795
80,291
73,962
53,810
43,684
Net income (loss)
5,545
18,972
7,301
(673)
(8,978)
Net income (loss) per share:
Basic
0.18
0.64
0.24
(0.02)
(0.30)
Diluted
0.18
0.61
0.24
(0.02)
(0.30)
Cash dividends declared per share
$
0.05
$
0.10
$
0.05
$
–
$
–
Stock dividends declared per share
$
0.05
$
–
$
–
$
–
$
–
Weighted average common shares outstanding for earnings per share:
Basic
30,175
29,820
29,915
30,022
30,397
Diluted
31,225
30,993
30,255
30,022
30,397
December 31,
2020
2019
2018
2017
2016
Balance Sheet Data:
Total current assets
$
142,122
$
120,872
$
108,501
$
99,444
$
166,945
Total assets
280,691
230,265
213,128
207,449
210,457
Long-term obligations, net of current
36,476
24,509
25,183
24,683
9,042
Total liabilities
76,097
49,073
46,923
44,467
49,649
Total stockholders' equity
204,594
181,192
166,205
162,982
160,808
Gross profit for the years ended December 31, 2018 and 2017, included costs of $1,049 and $2,098, respectively, related to the sale of Sierra inventory that was recorded at fair value, less cost to sell, in purchase accounting. Gross profit for the year ended December 31, 2020, included costs of $360 related to the sale of Barnes inventory that was recorded at fair value, less cost to sell, in purchase accounting.
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