Stock Repurchase Program: The Company purchased 5,000 shares of Class A Common Stock during the fourth quarter of 2006 for a total expenditure of approximately $161,000 as part of its stock repurchase program.
At December 31, 2006, there remains authorization to repurchase approximately 4,076,000 shares under the Company's existing stock repurchase program. Since August 1996, K•Swiss has purchased a total of 25.3 million shares of Class A Common Stock for a total expenditure of $164.2 million.