Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock began trading on the New York Stock Exchange on June 23, 2000 under the symbol “CRL.” The following table shows the high and low sales prices for our common stock:
| Fiscal 2018 | High | Low | |||||
| First quarter (through January 26, 2018) | $ | 112.47 | $ | 104.00 | |||
| Fiscal 2017 | High | Low | |||||
| First quarter | $ | 91.57 | $ | 75.25 | |||
| Second quarter | 102.32 | 86.44 | |||||
| Third quarter | 109.59 | 94.15 | |||||
| Fourth quarter | 119.05 | 99.12 | |||||
| Fiscal 2016 | High | Low | |||||
| First quarter | $ | 81.61 | $ | 65.70 | |||
| Second quarter | 87.95 | 73.42 | |||||
| Third quarter | 89.18 | 75.54 | |||||
| Fourth quarter | 84.53 | 67.20 |
There were no equity securities that were not registered under the Securities Act of 1933, as amended, sold during fiscal year 2017.
Shareholders
As of January 26, 2018, there were 353 registered shareholders of the outstanding shares of common stock.
Dividends
We have not declared or paid any cash dividends on shares of our common stock in the past two years and we do not intend to pay cash dividends in the foreseeable future. We currently intend to retain any earnings to finance future operations and expansion.
Issuer Purchases of Equity Securities
The following table provides information relating to our purchases of shares of our common stock during the fourth quarter of fiscal 2017:
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs | ||||||||||
| (in thousands) | |||||||||||||
| October 1, 2017 to October 28, 2017 | — | $ | — | — | $ | 129,105 | |||||||
| October 29, 2017 to November 25, 2017 | — | — | — | 129,105 | |||||||||
| November 26, 2017 to December 30, 2017 | 89 | 104.20 | — | 129,096 | |||||||||
| Total | 89 | — |
In July 2010, our Board of Directors authorized a $500.0 million stock repurchase program, and subsequently approved increases to the program of $250.0 million in fiscal year 2010, $250.0 million in fiscal year 2013, $150.0 million in fiscal year 2014, and $150.0 million in fiscal year 2017, for an aggregate authorization of $1.3 billion. During the fourth quarter of fiscal year 2017, we did not repurchase any shares of common stock under our Rule 10b5-1 Purchase Plan or in open market trading. Additionally, our stock-based compensation plans permit the netting of common stock upon vesting of restricted stock, restricted stock units, and performance share units in order to satisfy individual statutory tax withholding requirements.
Comparison of 5-Year Cumulative Total Return
The following stock performance graph compares the annual percentage change in the Company’s cumulative total shareholder return on its Common Stock during a period commencing on December 29, 2012 and ending on December 30, 2017 (as measured by dividing (1) the sum of (A) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (B) the difference between the Company’s share price at the end and the beginning of the measurement period; by (2) the share price at the beginning of the measurement period) with the cumulative total return of the S&P 500 Index and the S&P 500 Health Care Index during such period. The Company has not paid any dividends on the Common Stock, and no dividends are included in the representation of the Company’s performance. The stock price performance on the graph below is not necessarily indicative of future price performance. The graph is not “soliciting material,” is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934 whether made before or after the date hereof and irrespective of any general incorporation language in any such filing. Information used in the graph was obtained from Standards & Poor’s Institutional Market Services, a source believed to be reliable, but the Company is not responsible for any errors or omissions in such information
COMPARISON OF 5-YEAR CUMULATIVE TOTAL RETURN
Among Charles River Laboratories International, Inc., The S&P 500 Index and
The S&P 500 Health Care Index

| Fiscal Year | |||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||||
| Charles River Laboratories International, Inc. | $ | 100 | $ | 145 | $ | 174 | $ | 217 | $ | 207 | $ | 297 | |||||||||||
| S&P 500 | 100 | 132 | 151 | 153 | 171 | 208 | |||||||||||||||||
| S&P 500 Health Care | 100 | 141 | 177 | 190 | 184 | 225 |
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