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
 
The following table sets forth the sales prices of the Company’s common stock for the periods indicated. Quotations are as reported by the NASDAQ Capital Market.
 
 
 
High
 
 
Low
 
Fiscal 20 20
 
 
 
 
 
 
 
 
Quarter ended December 31, 2019
 
$
293.18
 
 
$
249.76
 
Quarter ended March 31, 2020
 
 
298.00
 
 
 
187.53
 
Quarter ended June 30, 2020
 
 
300.30
 
 
 
250.75
 
Quarter ended September 30, 2020
 
 
317.01
 
 
 
234.59
 
 
 
 
 
 
 
 
 
 
Fiscal 2019
 
 
 
 
 
 
 
 
Quarter ended December 31, 2018
 
$
257.70
 
 
$
212.20
 
Quarter ended March 31, 2019
 
 
240.00
 
 
 
192.83
 
Quarter ended June 30, 2019
 
 
238.00
 
 
 
213.68
 
Quarter ended September 30, 2019
 
 
262.50
 
 
 
197.00
 
 
As of December 15, 2020, there were approximately 410 holders of record of the Company’s common stock, and the last trade was at $301.50 per share.
 
The Company did not declare or pay any dividends during fiscal 2020 or 2019. A determination by the Company whether or not to pay dividends in the future will depend on numerous factors, including the Company’s earnings, cash flow, financial condition, capital requirements, future prospects, acquisition opportunities, and other relevant factors. The Board of Directors does not expect that the Company will pay any dividends or other distributions to shareholders in the foreseeable future.
 
The Company does not have any equity compensation plans, and it did not sell any securities, whether or not registered under the Securities Act of 1933, during the past three fiscal years.
 
From time to time, the Company has repurchased shares of its common stock and may do so in the future. The Company maintains a common stock repurchase program that was implemented in 1987 in combination with the Company’s Management Incentive Plan. See Note 2 of Notes to Consolidated Financial Statements for more information. The Company’s stock repurchase program remains in effect, but the Company did not repurchase any shares during fiscal 2020 and 2019.
 
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