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 quoted on the NASDAQ Global Select Market under the symbol "SCSC." As of August 22, 2022, there were approximately 725 holders of record of our common stock.
Stock Performance Chart
The following stock performance graph compares cumulative total shareholder return on our common stock over a five-year period with the Nasdaq Market Index and with the Standard Industrial Classification ("SIC") Code Index (SIC Code 5045 – Wholesale Computers and Peripheral Equipment and Software) for the same period. Total shareholder return represents stock price changes and assumes the reinvestment of dividends. The graph assumes the investment of $100 on June 30, 2017.
2017 2018 2019 2020 2021 2022
ScanSource, Inc. $ 100 $ 100 $ 81 $ 60 $ 70 $ 77
NASDAQ Composite $ 100 $ 124 $ 133 $ 169 $ 246 $ 188
SIC Code 5045 – Computers & Peripheral Equipment $ 100 $ 113 $ 116 $ 86 $ 144 $ 131
19
Table of Contents
Index to Financial Statements
Share Repurchases
In August 2021, our Board of Directors authorized a $100 million share repurchase program. The authorization does not have any time limit. In fiscal year 2022, we repurchased 550,194 shares totaling $18.2 million under the share repurchase program.
The following table shows the share-repurchase activity for the quarter ended June 30, 2022 (in thousands except share and per share data):
Period Total number of shares purchased (1)
Average price paid per share Total number of shares purchased as part of the publicly announced plan or program Approximate dollar value of shares that may yet be purchased under the plan or program
April 1, 2022 through April 30, 2022 197,677 $ 33.85 197,677 $ 84,249,021
May 1, 2022 through May 31, 2022 71,762 33.92 71,762 81,814,854
June 1, 2022 through June 30, 2022 662 38.98 — 81,814,854
Total 270,101 269,439
(1) Includes 662 shares withheld from employees' stock-based awards to satisfy required tax withholding obligations for the month of June 2022. There were no shares withheld during the months of April and May 2022.
Dividends
We have never declared or paid a cash dividend. Under the terms of our credit facility, the payment of cash dividends is restricted.
ITEM 6. [Reserved].
20
Table of Contents
Index to Financial Statements
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.