Finish Line (FINL) Adds 5M to Buyback Plan

January 4, 2013 7:38 AM EST
On January 3, 2013, The Finish Line, Inc.'s (NASDAQ: FINL) Board of Directors amended the current repurchase program to increase the authorization by 5 million shares. This amendment also extends the authorization to repurchase shares through December 31, 2017.

The company repurchased 1.0 million shares of its outstanding common stock in the third quarter, totaling $21.2 million. Year-to-date, Finish Line repurchased 2.5 million shares totaling $53.6 million. As of December 1, 2012, the company had 1.3 million shares remaining on its current 5 million share authorization

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